tv Mornings With Maria Bartiromo FOX Business February 24, 2016 6:00am-9:01am EST
primary in south carolina. clinton was on the defensive at her get in on the defensive the releasing transcripts to ball straight. >> one standard for me and not for everybody else. at some point -- i am on record. i have a record. we have more i'm not. a judges ruling but that could mean for the race coming out. looking at selling on wall street. pressure under way with features to the decline of 100 points. nasdaq, s&p 500 weaker this morning. falling oil prices set in the tumbling on the broader market. with a down 3%. $3.86 a barrel. the weakness in the euro in the pound breaking down.
as you can see the major averages the major market lower with the shanghai composite of a fraction. turn it back to politics. donald trump wedding has third in a row as it gets closer to the republican national nomination. late or men in washington with the recap. reporter: good morning to you as well. not your average double down in nevada last night. donald trump once again blowing past the republican field. trump getting 40% of the caucuses. the report this morning as much as mark or rubio and ted cruz combined. trump has been highly criticized by opponents for his stance on immigration. last night the entrance poll showed he overwhelmingly won the vote among republicans in
nevada. >> we want evangelicals. we won with the yarn, we won with the old. you know what i'm happy about because i didn't do it for long time? 46% of hispanics. 46%. [cheers and applause] reporter: back-to-back finishes in three straight thirds for cruz. the focus now for all moves on to super tuesday. tonight i will sleep in my bed for the first time in a month. and then it will be back to the campaign trail in texas and all across super tuesday, energizing and building the reagan coalition. reporter: a dozen states, maria, roughly 600 delegates. 25% of the total up for grabs over the next six days from now. had a man coming got to be
thinking donald trump has to be feeling pretty good where he said this morning on last night. maria: blake bourbon with the latest. senior political reporter ashley pratt. thanks for joining us. is it fair to say he is probably the nominee for the gop, donald trump? >> at this point is the strongest momentum and biggest advantage. one thing i point out with all the exit polling done, 41% of evangelicals were with donald trump, which is really hurting cruz's firewall because he was to win the group of voters. the primary, super tuesday, i think that will work to ted cruz detriment. i don't know if it's a path toward you can really conjure up the vote and donald trump is winning them over. at this point he is the most momentum going forward into the super tuesday races. maria: really interesting turn of the evangelical vote as well
as competitors in the 20 points. dagen: i will channel my inner redneck. i'm paraphrasing a a quote in "the wall street journal." i don't run a preacher for president. i want a leader. that's what a lot of evangelicals feel about donald trump. it will be a test in the southern state. if you look in 2012, three states in the sec primaries and super tuesday went to rick santorum and back in 2008, mike huckabee captured for state spears so it could work against him. again, trump has painted cruz as a liar, tech takes her under fire and that doesn't help his religious background if you will. maria: morgan, how do you see it? >> 46% is the most shocking thing to me. clearly he has momentum. they've not come away or rubio and crew still in the race?
these guys still believe an attack to their campaigns, they still believe that the delicate task that they have a chance at the nomination. about 60% will be determined by the end of march by the time you get through states like florida that are winner take all. i think texas is a real test for ted cruz. if you can't win texas on super tuesday, after he loses the evangelical vote i don't see the path forward. these guys may plan on finding out in the convention. >> the headline is what trump said, hispanic vote. let's face it. he started his whole campaign with rhetoric about illegals and all that stuff. there's no hispanic in the country that will vote for him. some of my friends here in new york spoke about core family values in the hispanic community. the one and donald trump has that no one can take away from him is a beautiful family. he is a beautiful family. his children, wife.
not that successful at marriage. i'm certain i could hold that against him. 46%. >> to that point because his children by his first marriage are older, they can can inform, which is not the case at cruz and rivera. they bring the kids out, but it's not a suspect. i want to credit arthur with something. a year ago, arthur lost his mind on national television and said you couldn't believe this nation was facing a possible bush versus clinton race in november. you know what, we might not. you called it. you channel the national rage. maria: then you look at mark or rubio with all of these endorsements. 20 endorsements from high-profile republican leaders in the last 72 hours. many say the endorsement could be too late.
for example, peter king, congressman from knee-jerk saying we have to go with the candidate that can actually beat hillary clinton. he is getting behind mark or rubio. you wonder if in fact it is too late did all these endorsements coming right out. >> after 2012 the republican party change the rules to avoid upon nomination by because of what happened in that romney. that is why the nominee theoretically could be decided by the end of barge. the republican party, some of them not for trump may be regretting changing all the rules after 2012. >> i had an opportunity to speak one-on-one with ted cruz. we were together at justice scalia's funeral. he was lamenting about the fact that trump in rubio squarely put him in the crosshairs to wipe them out. i'm getting attacked. they decided i'm the guy they need to knock out of the race. you can tell he was not happy about that to say the least.
>> i think there's one thing to point out from the exit polling and that is 39% of late deciders out with mark or rubio, which is an interesting trend going into super tuesday. maybe endorsements are having an effect. over some of jeb bush was they did not. i don't know how to endorsements play out, but it will be interesting to see whether support is thrown to mark or rubio's way. that is a key number to look at. 39% of the goers who did not know who they would be voting for the caucuses last night came on a voted for rubio. maria: what are the chances that trump is beating hillary clinton. let's talk general election. the senate on the panel think trump is hillary clinton? dagen: i will reference a fox news poll. it was before he dropped out of the race. trump loses hillary clinton in a head-to-head matchup. rubio does the best of the candidates.
so i think maybe that change is. again, a lot can happen. a lot can happen to her in terms of her reputation, even more damage to it. maybe he changes his tune. >> look at kasich's number. they appeal to the common folk. dagen: that it's going to be critical. they make the key for me is what is national review, the weekly standard, erick erickson and hear on fox came out yesterday and said he would never vote, even the nominee. the question for me as all of this heap of bubblegum another candidate if he's the republican nominee like national review, what are they going to do? >> will go to hillary. that's the point. >> maybe we'll have a third party that is not bloomberg. maria: ashley, thank you. don't forget to tune in. it all begins 5:00 p.m. eastern
on the fox news network we would be here live. new details in the case against an uber driver has admitted his role in a murderous rampage in kalamazoo, michigan. don't miss the interview with tony blair as we discussed the possibility of england pulling out of the european union. can such an happen? that is today at 7:30 a.m. eastern on "mornings with maria." ♪ ♪ there's a lot of places you never want to see "$7.95." [ beep ] but you'll be glad to see it here.
maria: welcome back a president obama making a final push to make an unmet presidency goal. nicole petallides with the details. good morning. >> good morning, maria. peres and barak obama $7,475,000,000 to puzzle outlining his plans to close guantánamo bay prison. urging lawmakers to prison make the united states less safe by serving as a terrorist recruiting tool. the pentagon plans to place up
to 50 of the remaining detainees in high-security prisons in the united states and transfer the rest of other countries. health authorities investigating 14 new cases of zika, possibly transmitted. if confirmed, the unexpectedly high number would have major implications for controlling the virus. it is usually spread by mosquitoes and currently there is no cure. new surveillance video driver jason dalton and a gun store before he allegedly bought a tactical jacket designed to hide the weapon just hours before his rampage that left six dead on saturday. police now say the accused killer may have switched vehicles while carrying out the shootings. maria: thank you so much. troubling video. does this sparked new debate on gun control? >> yes. anytime you have that magnitude of loss of lives, people are
trying to figure out how to allow people to exercise their second amendment privilege to have a weapon and keep the weapon out of the hands of people who shouldn't have it. people with mental diseases or defects, people committing crimes are helping them commit crimes. yesterday is that the supreme court listening to the case. one set of drug dealers robbed another set of drug dealers. there is no easy answer. >> here is the thing. uber is a popular word to talk about. have there been many headlines of taxi drivers killing someone? maria: is probably have been. >> of course it's happening. >> they killed six people in a sophisticated matter. >> i understand. you can't look at uber and say it is a uber problem.
maria: no, but is there a but is their issue with the background checks? it does seem a little strange the number of incidents where happening. i am questioning what they do. >> the industry is using that as a sales pitch. i believe there is a commercial with young women, do people write in the cab's, go to yellow cab. when you go in a uber cap, you don't know who you are writing what. there is a modicum of truth to that. >> if you hopped in a taxi number one and said whereby go in, that's absolutely the case. i think it's an important consideration about her checks are an important issue for a uber with the fundraising they are doing in terms of ip is down the road. i don't think you can blame this just in uber. maria: do you buy into the valuation of uber? people wonder $64 billion is the
correct number for a company where not sure how profitable is, if the growth can changes with many city is. >> i had the valuation and 20 billion it was a stretch for me to get there. that $60 billion. now i'm thinking -- it is hard to say. it's a $60 billion. the right company -- dagen: this is in a unicorn. this is sasquatch, bigfoot appeared true to three in a row for donald trump. is he really the best candidate for business? we will take a look at who is best to handle the american economy. we'll be back in a moment. ♪
maria: oil prices selling off again after the oil minister has ruled that a production cut from the world's major producers. phil flynn at the cme group. we knew they were going to couple we were looking at the idea that freezing oil production would be enough. that is wet sand oil left in the last couple days. now we've got the official no one production cut and turkestan 3%. can you sign this? >> it is. it's really about politics right now. would have been if he was undercut by the ukrainian oil minister that bad the saudi proposal to actually raise production was a joke. it wasn't fair for the iranians to lock in their production at a
million barrels a day while the founders while the founders were lacking in the 10 million a day. erase concerns they could getting a deal done at all. also came on and said listen, if you can't take the heat, get out of the kitchen to the other low cost producers. if you can't make money, get out of the business. we will take over. i was very very tough ready or from the saudi oil minister. we are hearing that there is going to be in opec, non-opec meeting that march. that is what we hear from the venezuelan oil minister. we will still be talking about this. maria: thank you so much. phil flynn, jpmorgan yesterday really was one of the turning points in the market, signaling a rough third quarter saying $500 million increase for provisions for expected losses in energy -- 600 million when you look at the mining and metals losses.
but if you think about the number? i said as if this is a surprise. >> it's been talked about constantly. they attacked in the past whatever number they reserve, they want to reserve even more than the number they reserve that they will be very conservative. this is just market noise. in the end, the problem with oil is way too much supply. if you go in you go in a singapore company fly in and see the tankers in the middle of the base during the oil and they are followed. at this point you're too much supply. maria: you are pretty optimistic about the stock market. do you need to see oil inequities decoupled before putting money to work in equities? >> you know, i don't think decoupling is in the cards for assets going forward. the correlation is so strong. the reason why a i'm cautiously optimistic with the stock market is if you look at oil prices,
they run the bottom leg. he converted 20, 22. >> that is a big move from here. dagen: if oil falls to $25 for 18 months they would need to build reserves by an additional billion and a half dollars. also read this in the investment division, which is hurting stop revenue down 25% from the first quarter. and in fact during blue interest rates for a very long period of time. that is horrible for the banks. >> if you take 1.5 billion, that is nothing to their net interest margin. i think there certainly could be more reserves than a tap in. if oil prices stay between 25 to
35 or $40 and kind of stabilized, feels that new normal, interest rates remain low, still positive for the stock market. you have a chilling effect in terms of consumers and business. maria: in terms of earnings, earnings are down in the first quarter. isabella said policy? >> for earnings i think it will be energy prices. it will be cost inputs. driving the stock market. >> driving the stock market, i think the fed -- i think if the fed continues on the low interest rate policy and i think it will keep interest rates low. don't be shocked if they were not more than a quarter% this year. i almost expect some sort of be there for boat using for quantitative easing and bringing things back at the oil sector continues to be tough. low energy prices are going to drive the markets higher. it is going to kill the banks. maria: you think low oil prices
strive stocks higher. so far negative for equities. >> once people get comfortable, bright now it is a shock. oil ran out -- i was given a speech and said the markets at 300 points. the oil surged to $30. that is the world we live in. >> just to reiterate, i lived in saudi arabia couple years. i met with some pretty senior and they said what is happening with this. we've reiterated what we hear in public. it's the person at the closest for years. maria: in other words, we know they are not going to cut. they did agree to a phrase. that's obviously not enough. >> what they are really saying that prices remain low, we have our cost of production is not in. we will just kill the shell oil. that's exactly what it is.
>> i have a hand gesture i will reserve for later. maria: will talk more about this. you want to be buying stocks is the point. that is where you've are right here. >> i don't want to be buying banks. i don't want to be by an energy companies, but i do want other types is to. health care, some of the consumer staple stocks. dividends are not a bad thing. maria: take a short break. donald trump is a deal maker. will he be the best job creating president ever. will talk about that and how he's impacting business editors a republican for a runner after last nights resounded big to read in the nevada caucuses. >> we want evangelicals. we won with big john, we won with the old, we won with highly educated. we won with poorly educated. i love the poorly educated. it's hard for me to turn down
money. it's what i've done my whole life. i grab and grab in grad. i want money. i'll tell you what we are going to do. we get greedy. now we will get greedy for the united states. we are beating the governor. it's always nice to be beating the governor. mexico is going to be paying for the wall. so the very, very thrilled to be paying for the wall. you are going to be proud of your president and you will be even prouder of your country, okay? [cheers and applause] ♪
>> maria: welcome, back, everybody, i'm maria bartiromo. happy wednesday. top stories right now. 6:30 on the east coast, donald trump with his runner status with victory in nevada getting more than 40% of the vote, almost 47%. the race for second place between senators marco rubio and ted cruz is tight with each securing over 20%. on the democratic side, hillary clinton and bernie sanders in town hall three days before primaries in south carolina. clinton's aid should testify about use of private e-mail server. committee member jeff sessions will join us, do join us for jeff sessions coming up. turn to market this is morning. a bit of selling going on. a bit of weakness. decline of 130 points on the dow
and 44 points lower on the nasdaq. one of the issues after saudi arabia has ruled out any production cut in oil by the major producers. the news weighing on european markets as well. weakest in euro and pound also dragging down all the major averages. as you can see dax, 2 and a half percent and cac quarante down 2%. major markets in asia overnight, mostly lower. hang seng and kospi all under pressure this morning. donald trump meanwhile won a third state in a row. he is getting closer to republican nomination. blake berman is in nevada with the recap. >> blake: hi, there, maria, after winning by 19 minutes new hampshire and ten by 10 in south carolina, this was not even close in nevada last night. donald trump winning the caucuses there by 22 points. his 46th% is what marco rubio and ted cruz who finished second
and third picked up combined. the entrance poll show trump won most every demographic. >> we won the evangelicals, we won with young, we won with old and you know what i am happy about because i'm been saying for a long time, 46% with the hispanics, 46%. [applause] >> blake: democrats as well in town hall. hillary clinton brushed off releasing her paid-wall street speeches while bernie sanders suggested racism on trump's part. >> this is on top of the birther issue which we heard from donald trump and others a racist effort to try to delegitimize the president of the united states.
>> blake: supertuesday the big one here. 11 for the democrats just six days away. >> maria: what an election. four states down, supertuesday less than a week away. candidates making a case but my next guest is says that the biggest issue is not being addressed. north american chairman pete, pete, good to see you. thank you so much for joining us. first, let's talk about this. this is an important issue for you that you think is not being addressed, what is it? >> michelin is based in south carolina. at the debates, you hear the question every once in a while asked about what about this federal debt, what's going on. >> maria: 19 trillion-dollar number. >> little 19 trillion and the candidates t standard answer is go to my website. they don't want to talk about it because the solutions, they know the solutions, the solutions are just the opposite of what the candidates are talking about
today. >> maria: particularly, morgan, the solution is social security, entitlements which are on the road bankruptcy. >> morgan: absolutely. the only way to fix it is budgetary in washington. do you see any way in which we could breakthrough on the debt? it seems to be something that we care about but something that we are not hearing in the debate. >> the thing that drives is economic growth. the biggest throat in the coming years is the fiscal situation at the federal level of the united states, they know the solution. they've been commissioned that are sat down and looked at entitlement programs, discretionary spending, they've looked tat tax structure and the solutions are known, they're difficult because obviously we have a five -- 500 billion-dollar problem
today. that's the deficit that the cbo says it's going to continue to grow about $10 trillion in the next ten years. everyone knows if we do nothing the debt is going to continue to grow. it increases the risk at the moment that we have an economic crisis or some sort of military issue that it explodes and then the impact comes interest rates and confidence and then the whole economy. >> maria: nobody wants to be the politician, okay, i just cut your social security benefit. >> exactly right. it's either inflated away, you cut spending or you erase taxes, there aren't fancy solutions. what i'm curious about a ceo of a company, pete, we build into our model slower economic growth because of the deficit, the deficit is nothing to what's going to be in 10-20 years if you look at the projections. do you actually build that into your business plan, do you build that in your business model when you're planning forward 5 to 10 years in business items? >> it's very difficult to build a crisis into a business.
>> not so much a crisis. more of a destruction on an annual basis on the potential gdp because it's basically going out to pay debt servicing. slower economic growth. >> we are building slower economic growth. at the the sam time we recognize it's going to be solved or there's going to be a crisis, one of the two. >> yeah. >> the question that we try to get people to understand, it's a lot easier to solve nit the short-term. it's very, very difficult. the only way to solve it is basically reduce entitlements and reduce benefits. >> doesn't that mean that you hold back on expansion, you hold back on infrastructure spending because you're concerned about what the future looks like so we have a concern that the deficit is not going to be cut so what businesses do is they basically retrench to be more conservative in the spending, is that the
case? >> maria: businesses are sitting on cash. what are you seeing at michelin in terms of tires? >> right now we don't have a short-term problem because right now we are selling everything that we are making. we are benefiting from the current environment, prices are of oil are low, consumers are driving more miles. so that is very strong for us, we are looking to continue to expand in those areas, but you're right, you get the sense that more and more companies are start to go -- take the foot off the accelerator a little bit and find the brake. >> dagen: what about the debt loads that individuals have taken on and the loans that they have gotten to buy new and used cars, longer loans, more debt. >> maria: savings rate is up. >> consumers learn something in the crisis of 2008 and 2009. we are seeing the money that
they're saving. they're not spending it all. they are saving some of that. it's certainly creating the foundation for confidence. it's very important as we move long-term. >> maria: do you think we are going to go into recession this year, 2016? >> 2 and 2 and a half percent. >> maria: all of this worry about 2016 it's founded on something, the industrial side of the economy is. >> in recession. is that a fair statement? >> the numbers that i've seen indicate that in general it is but in our business it's not. it's happening in other places, but like i said earlier, some companies are benefiting benefim the fact that the auto sector and transportation remain strong today. >> maria: that's one of the few areas of the economy. you're in the sweet spot right now. >> today. [laughter] >> this is really shocking to me as a tire company, i think a tire, you told me off air that 20-30% -- you say it better than
i do. >> 20-30% are use consumed to be rolling resistance of tires. if tires rolled on steel wheels, 20-30% of fuel. reduced resistance and reduced fuel economy. we have worked with ford, tesla. we were a major player in dealing with that and long-term. as tesla looks at expanding, they have to have tires with roller resistance and wear for a long time. >> maria: if there's one entry in the middle revolution it's the author sect or, you have tesla, uber, apple, google doing driverless cars. do you think in the next ten years, how much -- how many of the vehicles on the road would be driverless cars?
>> more than today. [laughter] >> it's one of the change that is you can't predict that's going to happen. not only that, we are developing technologies that there's no air in them. radio tire that requires in air because air -- a tire to work has to be inflated and that's one of the biggest issues. the tires have gotten so good, i'm sure you check your tires like you're supposed to, most people don't take out the valve cap. >> maria: you're supposed to do that every month? >> dagen: i will get you an air gauge. i have many. >> maria: thank you so much. ceo of michelin there. battle of apple at war of words heat up there. be back in a minute. was engineered...
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>> maria: welcome back. violent deadly storm hitting the south yesterday. nicole petallides with the stories. >> nicole: high winds in parts of the deep south. two people were killed and more than 30 others injured after a suspected tornado tore through a louisiana rv park. the national weather service says at least seven tornadoes hit southeast louisiana and southwest mississippi. and the pilot of a small plane was able to walk away after a crash onto a busy street in los
angeles, san fernando valley yesterday. the plane came down just outside the airport plowing into several parked cars an ripped off one of the plane's wings. no one on the ground was hurt. no word yet on what caused the unexpected landing, maria. >> maria: thank you so much. both sides urging congress to weigh on the encryption case. fox confirming that the justice department is seeking apple's assistance in extracting data from federal cases. joining us right now jd, thank you so much for joining us. this is getting bigger in terms of apple's assistance in breaking on some of these phones. where do you stand on the issue? >> unfortunately this debate has come about because of tragic in san bernardino, thoughts to friends that are dealing with
and grappling with. from my perspective we have a serious challenge with what we call the internet of things, mobile phones being a huge factor in that. these are elements that are going to be involved in crimes of terrorism and all of these focuses are going to be a huge issue. so from my perspective i think where we are facing is that technology is going to continue to outkick itself coverage when it comes to legislation and author knows this better than anything from a legal perspective, we are going to have the grapples of the first amendment with the fourth amendment. this is what's going to shake out the event. >> maria: directing apple to help investigators gain access on the data on iphones, but then you have this worry that it's a slippery slope, first we thought it was one phone, now we have all of the other cases and another question is why is apple the only to do this? why can't our own law enforcement and our own
intelligence agencies get to this data? >> that question is a little bit scary that we can't figure out. in the other thing in the world of criminal law, 50 states all around search and seizure is a primary issue. 250 years ago the british soldiers were allow today kick in the door any time they wanted to and go through your stuff and our founding fathers, you cannot do that and this is just a -- an off-shoot of that. i mean, the answer to me is so simple, the feds can go to apple, here is the phone, just give us the thumb drive with anything on it, we don't need to know -- >> apple says no. that's essentially -- >> maria: apple says that's not what they're asking for. if they come up with a software program, that software program is going to be out there. >> dagen: they can't protect their own ip. ip has never disputed that the
government is going to give them the phone, you keep the phone, you keep the technology, you keep the software, we want to remotely crack the code on the phone, we will never take possession of that. tim cook is arguing that because he's trying to win the case and win hearts and minds of followers. i don't know what the precedent is. >> here is the thing, when the doj says it's a marketing strategy, this is a selling point when you actually buy a phone. the company says as a bragging right, we never see your data. >> maria: people feel like they're in the pocket of government. >> we have to trust a company and then -- >> just legally speaking, the hurdle to get over is to get a judge to sign a warrant. so once a judge signs a warrant, government can go into your house and you have to have probable cause if there's drugs there or illegal guns there, once you get to that point, then my legal opinion, apple has to
comply with a lawful warrant from a judge. >> i think that's why it comes back. they are arguing first amendment versus the fourth amendment of coming in to say we have reasonable and probable cause for this issue. but i want to come back to the design of this internet of things, pete's comments earlier about autonomus cars, think about where we are going with this. mobile phones use that as an element of corroborating and these could be drones, cars that might be used in terrorist acts, this encryption, that the government is entitled to do is going to come in the forefront. we focus on working with companies and the ecosystem that develop technologies around planning and building and runs these types of things so we can accurately determine the right approach to enable this transformation.
>> maria: more top news for hillary clinton, state department officials and top clinton aids should be questioned under oath whether they ignored federal law. author, hillary continues to be played with the legal whoes, what do you think is the strength of this case? >> they have the right to question what took place here and not just hillary but the question around her. did you -- i think a lot of people -- hillary has been
playing, this was a mistake, this was bad judgment, et cetera, et cetera, versus general pertrayus, gave secret things on purpose to his biographer, because this a mistake, was this bad judgment, she plays ignorant about technology, i don't know how this stuff works which may be true, i'm speaking on behalf of my parents, but is somebody under oath going to say -- >> maria: clearly if you set up a private server, you're going -- doing it for a reason. we know that wasn't it. >> morgan: it wasn't her time in washington and government. they clearly not and had e-mail accounts, separate blackberries and iphones. it was a deliberate attempt to
circumvent laws. that's what it's going to get to. hopefully better on benghazi. it's either one way or the other. either horribly wrong for her and finally end the debate. >> maria: hasn't hurt her, dagen. >> dagen: not yet but people don't trust her. she can't shake that and this is one of the big reasons. >> maria: it really has impacted her then? >> her and her campaign look at an opportunity to clear the air, instead of being on the defensive, if i'm counseling her, go on the offensive, tell them all the positive things you've done and get this off the table. >> maria: isn't the whole idea of why did you set up a private server in your home -- is there any positive spin to put on that? >> as attorney we find positive spins on everything.
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>> maria: welcome back, good wednesday morning, i'm maria bartiromo, it's february 24th, with me fox business network dagen mcdowell, destination well management michael and morgan ortagus. first top story 7:00 a.m., donald trump cementing46% of the vote. race with marco rubio and ted cruz tied with each carrying 20%. last night's victory marking trump's third straight win and he believes that streak will keep going. >> we weren't expected a couple of months we weren't expect today win this one. now we are winning, winning, winning the country. [cheers and applause] >> maria: meanwhile on the
democratic side hillary clinton and bernie sanders making case at a town hall last night three days before democratic primary in south carolina. clinton was on the defensive after getting a question about releasing transcripts of her paid speeches to wall streets. >> why is there standard for me and not for everybody else? [cheers and applause] >> i mean, at some point -- at some point, you know, look, i'm on record, i have a record, it certainly is far different from the republicans. >> maria: we have more on that plus judge's ruling that clinton's aid should testify about her use of private e-mail server. what that can mean to the race coming up. the dow jones industrial average at the lows of the morning right here with a decline 145 points on the dow about 50 points lower on nasdaq, falling oil prices is one one of the issues coming after sowed sowed ruled out production cuts by major producers. oil is low, 3 and a half percent. the news also weighing on
european markets this morning. you have the dax index in germany down two and a half percent. the ftse down one and a half percent. shanghai composite, one exception, up about 1%. hang seng, nikkei and kospi under pressure. nikkei down 1% almost. meanwhile turning back to politics. donald trump winning his third state in a row last night as he gets closer to republican nomination, blake berman in washington with the recap. blake, good morning. >> blake: good morning to you. this was not your double down in nevada last night. donald trump blew past the republican field. 46% of the vote in the nevada caucuses with some precincts still to report this morning. that is as much as marco rubio and ted cruz, as you can see there, combined. trump has been highly criticized as you know by opponents on
stance on immigration, he overwhelming won the vote among hispanic republicans in nevada. >> we won the e haven't -- evangelicals and young and you know what i'm happy about, 46% with the hispanics, 46%. number one with hispanics. [cheers and applause] >> blake: it is back-to-back second place for rubio. the focus now for everyone moves onto supertuesday. >> tonight i will sleep in my bed for the first time in a month. and then it will be back to the campaign trail in texas and all across supertuesday, energizing and building that reagan coalition. >> blake: a dozen states, 25% of the total are up for grabs six days from now, but for right now
heading in, donald trump has to be feeling pretty good about where he is sitting this morning. >> maria: he certainly looks like he is. most people were expecting him to win nevada but not by the amount he did. hillary clinton top aids be questioned under oath for allowing former secretary of state using private e-mail server in office. thank you so much for joining us. >> well, thanks for having me on this morning and as you say, it's time for hillary's staff to tell the truth about what the intent of those emails were. >> maria: yeah, let's talk about that. what do you think government can learn -- what can you learn from her aids in what was behind this? she wanted to have private emails. >> well, there's no question about that. there's a difference, if you will, her paranoia and
conspiracy. staffers who originated containing emails and had to type them from somewhere, why they did it and from is a question to be answered. a lot of people look at hillary clinton because she's the kingpin and made the decision to do something wrong but now the question becomes with 750 classified emails, 22 at the highest levels, where do the material come from, who typed it in and why. >> maria: yeah, so what will -- why do you think they have to answer this? her supporters congressman, we are not going to learn anything else. she made a mistake, what really is it going to tell us about where we are in the country and what missteps may have been made in certain places in the world?
explain to our viewers if you can connect the dots what's at stake here? >> it is a crime to release sources and methods, scooter lebby went to jail from saying he didn't remember sources and methods that he didn't have anything to do with. david porteyus convicted criminal. it is serious business to release information that may be classified or to deal in a way that is wrong. the statute specifically says, someone who takes that information is guilty of a crime. well, she took 1750 pieces of information that were sensitive, she took 22 that went to what we call sources and methods. former secretary gates made it clear that her server was likely hacked by one or more, if you will, not friends. what she did was a crime, the question really is is it a crime that she's above or a crime that
she and others will be held accountable for. it's not a punishable crime to have a private e-mail server. it is a punishable crime to use that in a way that is reckless to american secrets. >> maria: this is a really important analysis that you just gave us. thank you for that congressman. you set it out and explain it very, very well. let me ask you about what happens next. every time we talk about this subject most people who i speak with say, jim commy is a solid citizen, he's always going to do the right thing. what are you expecting in terms of a recommendation from the fbi in terms of where this goes next in such an important year, does president obama protect her from getting indicted? >> i hear you say he's a solid citizen, what i would say is this justice department so far including the fbi director haven't found the ability to prosecute members of the administration including
lowislerner. the tax committee under a statute that says the u.s. attorney shall present to the grand jury. the fact is lowis was not present today a grand jury, that was a failure to enforce a statute. we have a similar situation in that no matter what we send to the fbi, they don't seem to find much and the case is closed. now the question is in this case where secrets and somebody had to originate those, i'm not saying the secretary. somebody had to originate them and they did it on her private e-mail server and she saw them and moved them back and forth. will he bring charges at least somebody? if he brings it against nobody then, in fact, he clearly has not done his job. if he brings it against her key staff which originated emails who obviously didn't make up
classified information, it had to be shown to them, they may take the wrap, if you will, they will admit that, in fact, hillary clinton knew it. then he has a case against hillary clinton. if they don't, if they're willing to essentially plead to felonies, maybe the case ends without going to hillary clinton, maybe her followers can say, well, she was just badly represented and bad judgment. i don't think it's bad recommendation or bad judgment, i think kuma and other key staffers did what she wanted to do and now that it looks bad, she's pretending she doesn't understand millennials, new technology, blackberries, it's amazing how -- how she can look a little bit like george herbert walker bush when he couldn't explain scanners. >> maria: it is comical. it is his legacy.
it is jim's legacy f they don't do the right thing and what everybody around them is saying, this really should go this way, they've got to worry about their own reputation. >> right now he's betting reputation on demanding on employees of apple corporation develop something so he can spy on americans likely without our permission. remember, i listened to your last segment. he isn't asking them to do a attack and give them with thumb drive of information as one of your guests said, he's actually asking for a back door, something that would very much lead to they getting a secret wiretap and pulling information on your iphone and you never knowing it about it. this is very scary when you're government wants to know more about you. ebb, the state department could have released all the documents,
classified ones and they have been dripping and trapping and have not release today congress. they want a tool developed and they're in court using a 240-year-old law to enforce a private enterprise to do something for the government so the government can sneak and peak into your iphone. >> maria: yeah, this is really important. is it one phone that we are talking about or are we talking about creating a back door so that government can listen in and snoop on people's conversation. you said it's a back door, cook says it's a back door and yet, you know, the fbi is saying, no, this is all we want them to do is hack into this one phone. i mean, which is it? is it time for congress to step in here? >> it's time for congress to define what in this era would be
allowed and not allowed under the fourth amendment and have attested by the courts. you can't rely only on a law created at the time of founding. for your viewers, let's just understand if what you want to do is find the hard drive, solid-state hard drive that lies inside the iphone and want to take the encrypted information and want to get it out, anyone of ordinary skill in the business i used to be in, can copy that drive and make a million copies of it. so now when it comes to force attack, there's no question you've got a million copies, they may self-destruct after ten tries but you can make as many new copies as you want. force attack if you're willing to disassemble the phone is certainly possible and i calculate it it can be done in 80 or 90 hours, we are talking about by the lowest means. the reality is they want a tool that's usable easily and quickly
and in this case it's been a long time since san bernardino, if they want today get the information by a brute-force attack, they would have had it. it's not their goal and they want something more and they are using this as a test case. it's terrible to use the bodies of victims in order to try to get something that you're otherwise likely not to get. >> maria: yeah, people do not trust the governments will use this responsible. >> you're exactly right. if you look at the two nonconventional candidates that are head for president, one of the reasons on both the left and the right, the american people do not trust their government and for good reason, as hard as some people have try today make government accountable, they have a long way to go to get back to where they were 20 years ago, 30 years ago. you know, we are in a government where since 9/11 your government
knows a lot more about you and you know less more about your government. >> maria: is it possible that the nsa and cia can't get this information? only apple can get it? >> it's not only possible that the nsa could assist in get the information but there's an advantage to the nsa getting it. if our industry develop tools and get them, the advantage is the bad guys don't know it. if this court order forces it and the chinese and other nations in the world will know tool exists and they'll begin demanding it. >> maria: bingo. congress issa there. we will be right back. harand lose weight.urn cals
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>> maria: welcome back, new developments into the investigation into the horrific shooting rampage in kalamazoo, michigan. >> nicole: uber driver dalton in a gun store where he bought a tactical jacket that left six dead on saturday. the gun shop owner says dalton was laughing and joking. the accused killer may have switched vehicles while carrying out the shootings. the koch brothers top political adviser is making move marco rubio campaign and will join the campaign in about a week.
he's president of freedom partners of koch. key republican senators vowing not to vote or hold a hearing on any supreme court nominee by president obama, the move likely put it is replacement process in a holding pattern for now. we will take a closer look at this issue when maria speaks with senator jeff sessions who is a member of the senate judiciary committee at 8:30 eastern time. back to you. >> maria: thank you so much, nick. losing in court but has nothing to do with tom brady or deflating, the 10 million-dollar question, next
that's why comcast business doesn't leave you there. when you call, a small business expert will answer you in about 30 seconds. no annoying hold music. just a real person, real fast. whenever you need them. so your business can get back to business. sounds like my ride's ready. don't get stuck on hold. reach an expert fast. comcast business. built for business. >> maria: welcome back, the nfl has 100 million-dollar problem, jared max on sports. jared. >> good morning, a bank error in your favor collect $200, you feel special, right? what happens when it happens in real life, it did for nfl players, arbitrator steven
burbank nfl owners kept $50 million out of the pockets of nfl players when they create ed an exemption and that was ruled fbi arbitrator to be part of pool league and players. director smith said they created an exemption out of fiction and they got called. the nfl called it a technical accounting issue that was stadium projects. another win for the players association. does this damage by the nfl -- makes you kind of wonder who is looking out for who here? >> you know what this reminds me of, reminds me litigation of
actors in tv shows and the actors never get paid. it looks to me like the nfl owners are playing games with the numbers. >> maria: so you think it does damage the nfl? >> it'll go over and they'll be some free markets and free agent signing. >> dagen: they're the donald trump of professional sports. you can't touch them. you can't touch the brand. i don't know what will hurt the brand. lack of them going after the employers. >> lock at the importance of players association. the employers' association has to do everything. they caught this error. they had the shortest careers of any of our four-major sports and they make the least amount of money.
>> nonguarantyed as well. >> for what they sacrifice. average players' salaries, but average careers, the nfl careers are three and a half years. >> yeah. >> 5 and a half in baseball. >> dagen: you think about the injury. >> morgan: everyone my age has babies and young kids, none of my friends want to put their kids into football. >> maria: based on what they put themselves through, the salaries are relatively speaking. >> they got the 50 million, they deserve it. >> maria: jared, thank you, jared max. suffering a serious case of road rage and taking it out on a stationary truck parked out next
to his grassland home. check out the footage where an animal runs into a toyota suv in a full sprint leaving terrified passengers inside. wow.
[laughter] >> oh, my goodness. [laughter] >> maria: back in a minute. if you need advice for your business, legalzoom has your back. our trusted network of attorneys has provided guidance to over 100,000 people just like you.
weighing tonight bottom markets this morning. take a look. this coming up the saudi arabia rules that they are not going to do any production cuts. as a result oil down 3.5%. jp morgan added said it would is set aside $600 million-dollars the on losses in the loans on the mining sectors. also a rough first quarter with double digit decline in revenue. the stock was down better than 4% yesterday. it was setting the tone for markets. british prime minister fighting for the u.k. pgh. now with popular london mayor announcing his support to break off from the european union. joining me is former british prime minister, tony blare. >> thank you.
>> a lot of people thinking of rising in real terms. >> they not feeling the recovery. >> it's same everywhere and people feel a sense of anxiety. even though we appear to have got through worse of the financial crisis. there's a very severe feeling of concern and worry amongst people and you see this in europe. a lot of the european economies even many years after the financial crisis they are registering very low level of growth. you have unemployment rates in parts of europe. 50%. this is going to be a very turbulent time for politics there's a real fight about admitting.
it's to sites up to you who you elect as president. >> he would take his real estate out of the uk. >> it's -- you, the one thing that is clear by the way there is a fascination about it. they are somewhat surprised. . at the end we will work out what it is that's driving those. people like me are in politics. we've got to -- one of the things that i believe is that it's much more mass cue hrar and radical in the the collusions we offer. we will understand the apbg hear the people feel. i think our job is to provide answers and not just surges of
anger. we've got wake up to the fact today that politics are different and there are real reasons for that. >> you u don't understand that as a politician you are not captures where people are. >> you are trying to do that now because one of the issues is the economy. the other issue is national security. you have an initiative to help combat violent extremism in the middle east. >> it's now a globalle problem. this terrorism with striking countries all over the world. you take any one day you have 20-30 different countries where there's different acts of terrorism. >> we have to take the security measures we need but underline this is an ideology of extremism that is based on religion. this is the single biggest security threat we face. we have to build allies in the the muslim world. we have to be engaged from the middle east it means the position of israel is critically
important. we want to try and get the arab world and israel to have some common tkpwhraoupbd will help -- ground to help address the palestinian issuing. building these that will this stepbs moderation against this eudology that has not tense of thousands of fanatics but millions followers world wide and that's very important. >> one of the things that come up, we want to join this coalition against the extremist but we need assad to go in syria. do you feel that way? do you feel like that's one of the issues that needs to be address? ed. >> assad running syria? sure. that's the country with small minority of people which is the sunni side of islam. on the the other hand they now
have extremist groups. we have isis in syria but you have 7 or 8 different groups. i see syria as part of this bigger problem. you look at syria and we are working with the government of iraq but still have big problems there. you have yemen, you have libya, these are a global problem and we will have to build a global alliance but we need to make sure that we are tackling the root of the problem. i study this day in and day out is -- education systems around the world that are educating young people, millions of them day in and day out to a narrow view of religion to everything that we represent -- it's in that environment thapl terrorism breeds. >> when you look at that and when you look at what's happening in terms of isis. why you think isis has gotten stronger in the the last 7 or so
years. >> i think it's partly because of what's happened is we have allowed them to grow in the chaos of syria. it's very difficult. the truth is we are finding out in europe with the refugee crisis, they will come to us if we don't go and help sort the situation out. so isis is going strong partly as part of the chaos in syria. you have al qaeda, you have al shabob, you have boka haram in nigeria. you have to tackle that by whatever security means you can, if you don't go down to the roots of it which are in many of these country, many of these majority muslim country, young people being educateed to a view of the world but it's not been patable with the way the modern
world works. a city like new york is successful. because people come here across the boundaries of face and culture and mix together the democratic values. if you are educating a young person and if you don't believe what i believe about religion that you are an infa tk*e l or my enemy, those people will recruit elsewhere. >> mr., prime minister. good to see you. futureing pointing to a lower opening. we will flock next. then when it comes to work it never disappoints. we are giving you the best moments following his best victory in nevada last night. keep it here in the fox business network.
welcome back, the king of jordan meeting president obama and the queen. we will get to nicole. she's with this story. >> good morning. well president obama meets today with jordan's king abdullah ii. their discussions are expected to be dominated in syria. jordan's queen rania spoke to maria about the threat from extremists. >> they want to put the the west against islam and muslims against the rest of the world because, for them, the more the world the s divided the more
there's distance between us the more space we have to maneuver and the more ground they gave. >> it's important to identify the extremists to be able to fight against them. >> the boy lot of a small plane was able to walk away after it crashed on to a busy street in los angeles valley yesterday. it came down plowing into several parked cars and ripped off one of the planes wings. nobody on the ground was hurt. no word yet on what caused this unexpected landing. checking u.s. stock this morning as oil has been pulling back. we will see stocks under pressure about 150 points. the s&p 500 lower by 17. >> thanks so much. let's take a look at toil which has been the drag and the impact to financials and the broader market. michael with us this morning.
did you get further worried about the impact yesterday. the stock was down 4% was jamie said if oil stays at 25 for 18 points, we have to raise $ 1.5 billion putting $600 million aside because of where oil is right now. >> your baseline is the issue. for us, were far more pessimistic about the impact of oil. even though i said earlier today that low oil prices are going to help company earnings, i think that you have to assume that companies are going to be reserving much more for oil company losses than they already have observed. we have built that on our models and we will not have the energy and the toil company markets. >> we just wonder, dagan, we see this knock on, knock off effect of cheap oil and things get worse from here.
>> i point out -- he sounded this -- he was very optimistic about u.s. consumers last time you interviewed him and you heard that again that the is a consumer-based economy is a huge winner. we pointed to other benefit lower oil prices, japan and south korea being two more. it's interesting to watch in the coming weeks. there are two shale companies that are in bankruptcy court that are trying to get their contracts with the pipelines null ified. there's a lot of people still betting on these pipeline companies. if they wipe out these contracts it changes out the financial equation. >> i know an investor that put -- you u can believe this $2 million-dollars in natural gas on margin three time bull is like $14 0,000.
you just can't bet. >> we also forget from a consumer perspective the cheap gas prices. >> that's the whole point, that's why i think these corporate earnings will be in the positive. it's not only the consumers have low energy prices. it will ship things across the coin try it's a catch up in petroleum made plastics. >> why are you so positive on stocks now? >> i think fed is going to save the stock market. >> as it has. >> that is explicitly at this point. >> even though you don't think this cut -- they will not raise. >> i think they are going to raise -- it might be what most quarter percent and they will try trotting tout sro cab -- vocabulary that they will cut rates. >> so the language alone.
>> that's what it comes down to. the vocabularyry impacts the market. were concerned and we might be more accommodative op what happens. >> donald trump dominates the nevada caucus with his third victory in a row. can the anti-trust crowd -- as we take a look, take a look at this funny moment from will fortune. . ♪ lots of vitamins a&c, and, only 50 calories a serving...
>> welcome back, donald trump needing the nevada caucuss, the third straight victory in the the gop race. fox vase live in las vegas with the latest. alisha, good morning. >> reporter: good morning. the nevada republican par city recording a record breaking 75,000 people participated in the caucuss in the state and so many voters expressing their anger and their frustration with the federal government and we know who that benefit is. donald trump. take a look at the numbers here with 100% precincts reporting you can see the demanding lead that mr. trump holds. now the candidates take their delegates and head in the the super tuesday state to compete for some big prices, donald trump leads in the polls in the majority of those states.
>> and we've had some great numbers coming out in texas. [ applause ] and it's maizeing the how many people are coming out of tennessee and georgia and arkansas and in a couple weeks later, florida. tonight, i will sleep in my bed for first time in months and then it will be back to the campaign trail in texas and all across super tuesday. >> rubio moved on quickly from nevada. he left the state yesterday morning. many before the caucus was open and he went to minnesota and michigan which holds its primary on march 8th. senator rubio fighting to be the trump alternative at this point. he's been racking up many establishment gop endorsements but stopping that trump momentum is going to be tough. >> thanks so much. next hour sit three in a row for donald trump as super tuesday approaches. could the businessman be the
and ted cruz also tightening with each securing 20%. last night's win marks trump's third straight victory. he said this streak has to keep going. >> we were expecting to come -- we weren't expecting to win this one. you mow that, right? if you listen to the pundents we were not expecting to win too much and now we're winning, winning, winning. stpha his last hour i spoke with former british prime minister tony blare and what he said about the trump phenomenon. >> one thing is that there a fascination about it every night. >> how do the british feel about donald trump? >> i don't know how they feel but they are probably like most people and somewhat prideless let's put nit a neutral way. >> but the democratic side, hillary clinton the facing more trouble this morning, a judge ruleed that clinton's aide can
testify under oath. we talk act high he thinks it is a punishable crime. >> what she did sa crime. question is ate crime that she's above or say it crime that she and others will be held accountable for. it's not a punishable crime to have a private e-mail server. it is to use that in a way that is wreckless to the american good. >> about 150 points this morning.. . taking the its earns lower yesterday as it is yesterday and part of falling oil prices -- oil is down 3.5% right now. we know that they were expecting to freeze production now they saying that no production cuts and now 3% production on oil.
jp morgan said it will set aside additional $6 00 million-dollars on expected losses op loans. they also signal the first quarter on double digit decline in revenue. the stock was down more than 4% yesterday down this morning the. turn it back to politics today. donald trump winning his third state in a row last night as he gets lower to the republican nomination. >> good morning. i got my prop for you. a local las vegas. aer with the headline that screams trump takes nevada and his supporters were screaming with joy in his victory party last night as trump rolls on to his third straight win and bay large margin. >> the people are amazing. the enthusiasm it was unbelievable to see. the people of this country are absolutely amazing.
i love you folks very much. remember, make america great again. we are going to do it and it is going to happen fast. >> trump plans to try to take his momentum to lock up the nomination in coming weeks. as for ted cruz the who trump had major battles with out here as you know, cruz tried to take his latest loss in stride. >> at this point, we've had four primarily, history teaches us that nobody has ever won the nomination without winning one of the first three primaries and there are only two people who have one of the the first three primarily, donald trump and us. right now the national security
chairman -- tkpwao*t good to see you. thank you for joining us. >> good morning. what are the odds that marco rubio can take it from donald trump and get in this the front. what do you think? i have no idea what the odds are. but obviously, donald trump is doing well. there's 65% of all the the delegates coming right now in march and the then were going to wait and see. my job as you know and people heard me say this all the the time. we are here building an infrastructure and when we get a nominee, that nominee is going to join the republican party and we are going to go out and win a general election that's what's happening. i guess the debate is can donald trump win a general election? people are not sure if he's going to be able to beat hillary and there's a debate about whether marco rubio can do it.
instead of trump. that's why i ask you. >> i think any one of our candidates can beat hillary clinton. just look at where she's at. she in the ditch. every day there's a story regarding her e-mails. just yesterday i think a judge and i had a little stuff going on yesterday with the caucus but a judge is continuing a case -- if the case had no merit and it was joke and some state department argument, the judge wouldn't het a case go forward. i i was lit gator for 14 this years. judges don't let jumps move forward perbs lay jump that's on the front page of the the "washington post" and "new york times kwaoeuts not junk. it's real and she's in trouble. look, we can beat her. we have to do better than we did in 2012. >> yesterday a judge said her age should be testifying act the reasons about the e-mail server
and we know that when people look at hillary clinton they question her trust wor sheuness. so right there it has impacted, all these store sreus impacted her, yes? >> of course. her numbers are sunk. it's different than saying dish don't like this person's policies or i think this person use acetone i don't like. when someone says, "i don't like you. i don't trust you." that is a bad place to be for a candidate it tease worst place to be. that's where hillary clinton is. we have drama. we have some history going on in our party. that drama and intrigue is nothing compared to the fbi in interviewing and half of your campaign staff. so you put in perspective, i think were doing great. our party is doing much better and there's no reporter out
there in america that thinks the dnc are doing better than the rnc so we are ready. we will have to get our nominee and get moving. how are you planning to deal with this as we approach the convention? >> well, obviously that's something that far down the line. we will be ready and saying it's finally not going to happen. if we did, we would be ready. we are ready by the fact that obviously we are prepare for the concerns right now. -- convention right now. i i was general council of the rnc for two years before i was chairman for six which is unheard of. there no one that knows more knows about conventions and rules and we are ready. >> i think there are people who know more about what the voter wants.
what the typical gop voter or viewer wants from their candidates. let me ask you this, when you see what has happened to the voter out there, the consumer out there that they are enraged that they haven't moved and they recovery and knowing that donald trump has tapped in to this anger. how will the jop involve. you are hearing for voters. it's not a matter of the gop and whether the candidates are running for the nomination of the gop. they are running in our party and voteing in our party. i think generally people are upset at both parties. it's any party. people just generally things haven't been moving quick enough in this country in the right direction.
the promise of president obama on the right side. they are not tpwhert hispanic -- they are not better in hispanic communities and black communities. you both parties and everyone between that are just frustrated and at least in large part and that's one thing. these candidates are competing to join the republican party. i think we are forgetting what's happening. we are competing with each other to become the nominee of our party. so, one of them will be joining our party in cleveland. we are snot competing to join -- we are not competeing to join someone else but competing to come this way. that is what's happening. we will have a nominee soon. after super tuesday we will have a clear idea who the nominee is. correct? well, no. there's elections on
march 8st, 15th 22nd, i don't know thousand fast lit fall -- i don't know how well it will fall but easy to do a model and run percentages and run them through the week after that. you can ski based on the models how quickly those delegate -- how quickly those delegates are going to have. we will have a few where candidates get all of the delegates on what happened in south carolina. i they will speed up the process. my job is to wait and see and be as patient and steady as possible and that's whey do every day. . >> you have the super delegate controversy going on. >> and bernie sanders and the most pow popular vote.
>> it is unbelievable. i can't imagine what reaction we had in the republican party if we had a slew of super delegates back pockets. you have our party and opportunity to voice our opinion as best we can is what we try to do and what the democrats have done. can't imagine our grass roots on the other side being happy or content with the party that jams us up with sort of who ever the folks at the top think need to be the nominee but that's what they are getting. >> the average voter out there is frustrated and angry by a number of things. what do you think is the number oneish at this point. it's going back and forth with national security and economy. what you think voters want to hear from the candidate? >> i think what voters want to hear is that someone is going to
go to washington and provide a clear, steady, strong span in getting our economy and our country on the the right track both here at home and aboard. people are wanting to see the happen quickly. i don't blame them. u people are frustrated and nothing is getting done and the it's the factional government in this country and that's what happens when you have democrats controlling one branch and republicans controlling another but people want things to move and i get that. >> good to see you sir, thanks so much. >> thank you. >> we will see you soon. republican senator with the battlele to replace the late supreme court justice. how that could im% the presidential election. what one
welcome back. a new threat from the zika virus. health authorities their investigating 14 new cases of stk*eu ka being transmitted by sex includeing to pregnant woman. if confirmed the unexpectedly high number her have major implications for controlling this virus. it's usually spread by no keyss to and there's no cure. >> president obama make one last attempt to purr suede congress to close gitmo in cuba. that's across strong opposition from law makers who do not want detainees transferred to u.s. oil. it now houses 91 detainees. >> a powerful storm ripping through gulf coast states. three people have been killed in louisiana and mississippi. the same weather system will
slam the carolinas later this afternoon. >> a passenger stole an nta bus in new york city may wantened yesterday when the bus driver confronted a woman who refused to put out her cigarette. the woman stole the bus while the driver was transferring the passengers to another bus. she made it three tpwhroubgs bus was stopped by another bus blocking its path. police say that the woman is a form bus driver who was fired last summer for excessive absences. >> i don't know what to say to that story, nicole. that's unbelievable. thank you. apple's fight against the fbi continues to escalate. now taking an unexpected side on issue. details next. ♪
>> i think america is more secure with end to tend unbreakable encryption available to all americans even admitting that will make the fbi's job and the from time to time the nsa's job harder to do in certain circumstances. that was general michael haden who spoke with neil cavuto yesterday. the conversation now shifting to capitol hill. they are weighing on the encryption case. they are seeking apple's assistance in extracting data in 12 other federal cases separate from this case. it is time for congress to step in and that's what tim would want because tim cook wants the world to know he tried hard to stop this but now he's being
forced. than is pr. >> you u are 100% right on that. you to be worried about how congress acts. tim cook has to be concerned with that. in the case with the telecom companies it is the law that they have to -- their technology has to be accessible in the event of a warrant. i don't know how this plays out but the lines are drawn and it's a very tough, tough fight between tim cook and jim because apple for the most part was cooperating with the federal government and extracting data from phones until late last year then they through up the wall. so tim cook has drawn that line and i don't know who oh ends up crossing it first. >> tim cook says that the implications of the government's demands are chilling. if the government can use the all rights act to make it easy to ton lock your iphone it will have the power to reach into anyone's device to capture anybody's data. that could extend this breech of
policy and demand apple build software to access your messages, health message, track your location and access your phone, microphone or camera without you knowing it. >> this is why congress needed to step in. more chilling what the u.s. government can do, what can the chinese or russian government can do. the patriot act was passed after 9/11 after circumstances in which the country came together. i am concerned that the president and congress can got come together but think the fbi director and am thinks that congress needs to debate this legislation. i believe that the lines are drawn but the current laws are too old. what's really interesting for me about this whole debate is because all this stuff that snowden revealed. the amount of data already in how do we catch terrorists. we have the to look at thousand
attack americans has got to be a lot different than how we are approaching -- >> criminals are cheering the idea of having enkreupgs on -- encryption on a phone that the government will never be able to access. >> i think what's very, very important for investors in technology companies is not only are the lines drawn but the process is under way to get this issue resolved. the whole issue for technology companies is they don't want to be seen as the one that is caving to the government. >> they can't. >> exactly. that's the whole selling point of security and privacy. so what the process is -- this is going to happen -p. they will say no. it's going to be legislative. it will be tested and they will say we hate it, we have no choice we have to do it. that's what's going to happen. >> know that the cia and the nsa can get this information.
why aren't they? >> if the case is national security then it's national security. get the national security agency to get the data. why do we have to bully apple to have all of this vulnerability for everybody else's data. get the data. why isn't the nsa doing this? >> it's a tragedy that this case is being played out in the public and the media. when you look at terrorists they are looking for sources and methods, how aim being tracked from the government. they are always trying to be one step ahead. that's why the snowden leaks are so devastating because it gives information to know how they are being tracked. this is saying this is how you can evade us and -- >> it's scary and knowing that knowing all the the iphones going forth starting with t*eu osle -- starting with the ios operating system get any information that is on a phone. they are cheering that wildly.
cheering it and i don't know how it resolves. >> what are we supposed to do? change our freedoms and not be a free country in america? that we have privacy laws? >> they privacy laws but there's also the fourth amendment of valid search as well. i don't know this plays out. >> this is a bait we have been -- this is a debate we have been have for 15 years now. this is one of our the fundamental things of our democracy. i understand where the fbi and cia are coming together. we need congress to get this act together and have this debate. >> they do want the commission. that was in the q&a that came out. he wants this to come out. >> that is the process i'm talking about. cook wants to say it's not going to be me, it's going to be the commission and i have to do what they say. >> it would be nice if the president led on this issue. this is anotherish where the
president hasn't been leading. he needs to get together with congress and say this is the defining issue of our time now. >> he is focused on a victory for t justice. they are vowing that no hearings will be made. a senior member of our will join us next. >> one rhino in south africa suffering a serious case of road rage taking it out on a stationary truck parked to his home. the animal rammed in the white toyota suv leaving the terrified passengers sitting inside. back in a minute. ♪
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president obama says he'll put forward a nominee and he hopes they'll debate and move forward for his nominee. we heard that there will be no hearing, what do you think? >> listen, they have every right to vote up or down to have a hearing, not have a hearing. i think this is well within their purview. if you look at president obama has filibustered joe biden, 1992, him filibustering. the conservatives are clearly, as you can see by donald trump and his popularity, want their members of congress to stand up and they feel like, listen, scalia is, you know, is the ultimate conservative justice and they're saying this is too serious, we have to draw a line in the sand. they have a right ability to filibuster. >> what will that do for the republicans in the election cycle if they do this? >> i don't think it's as big an issue as people think it will
be. i think that donald trump so dominates every headline when it comes to the republican nomination, whatever comes to the general election, so, will it be a story? sure, but i think whatever people think about the republicans and congress, they feel that they've dug their heels in for many years, maybe i'm totally wrong, but i don't think it's as big an issue as people think. they're standing on principle, which makes the base say, finally, thank you. maria: the senate judiciary committee vowed there will be no nominee until a new president is in the white house. and joining us is senator jeff sessions. good to see you, thanks for joining us. >> thank you, maria. maria: are you worried that this is going to become an issue going into the election, that the senate judiciary committee or the republicans are being obstructionists? >> republicans are doing exactly what the democrats would do in they were in our
position and in fact they've admitted it, chuck schumer and vice-president biden said as much in open speeches in years past, so this is perfectly normal. no, i think judges and the makeup of our courts has always been a favorable issue for the republicans. people won't judge us who follow the law, not make law. they want people who don't bend the constitution to make it advance their agenda. so, in general, judges are republican issue and the idea that we'll just, we'll have the next president make the nomination after they've been elected, i think the american people will buy that and will support that. maria: how much of this was brought on by yourselves, frankly? because, i mean, right after the news was out that justice scalia had passed, michigan mcconnell is out looking, no hearing, no vote, the next president should do this. would it have been better to just keep quiet and not say anything, knowing there is a structure in place and the
president is probably going to want to name his own nominee anyway, but coming out ahead of it, that this created this upset and sort of this division? >> maria, i think mitch mcconnell did exactly the right thing. he serves on the judiciary committee. he understands these issues deeply, he knew he had to make a clear statement and make it soon and our members would have probably-- a lot of our new members may have answered differently, once mitch showed leadership on that, i think everybody realized that's the only thing to do, that's the right thing to do, otherwise, i think it would have been bad because we would have had probably some division within our conference. maria: what went on in the meeting yesterday or over the last couple of days prompting this comment or this post yesterday that you said, your committee said no hearing? can you take us behind closed doors and tell us why you're not going to do a hearing? >> yes, well, first of all, i think our conference is
virtually united on this, feels strongly that this is the right way to go and feel like that if we failed in this, our supporters would be deeply disappointed. it's a power within the united states senate, a majority of the united states senate, does not consent to a nomination, it should not move and i think we're right there, i sure do. maria: yes. let me ask you, also you're a member of the armed services committee. i want your thoughts on president obama's thoughts on closing guantanamo bay. a lot of debate about that, what are the implications here. >> president obama made an unwise promise during the campaign to close guantanamo. it's the perfect place to keep the prisoners, we spent a lot of money, it's a humane, safe and good place to keep the most dangerous of dangerous criminals and i'm just amazed how determined he is to go around law that's prohibiting him from closing that to try to close it.
i think we should not close it. i think we should use it more than we are and i think it can be a critical asset in the war against terrorism that will last for years to come. maria: senator, will et -- let me get your take on immigration and why it's the hot button issue that it is. i know you were on the other side of the marco rubio's bill that he was backing, but this is one of the fundamental issues of any country's election. tell us how you see things. >> for 30 years, many more, the american people have asked their politicians to end the lawlessness, have an immigration system that serves their interest, not the world's interest, and politicians have promised it and not delivered and so this is a decisive event. the gang of eight bill would not have delivered. so donald trump, as i've been suggesting for some time, got out there and talked about it
and used the image of a wall and surged to the top. the american people are fed up and want action on this, donald trump stabilized it. ted cruz opposed that bill and others opposed it and had good ideas. right now it seemed to have helped him and i think it's being faithful to what our constituents want. maria: you're saying in terms of the issue, have a clear cap on the number of green cards issued, the number of people coming in, into the country, and understand fully what those numbers are? >> maria, we admit a million a year lawfully to full pathway to citizenship a green card every year. that's the most of any nation in the world. we have 700,000 here on work visas of various kinds in addition to that. we need to ask ourselves, is that number legitimate? who should be in that one million? do we need a full million? maybe at this time of unemployment and low work force participation, we need to
reduce that number? i think so. but we ought to discuss it at any rate and then the test should be, does it benefit americans, that's the first test. maria: so are you supporting donald trump, given that he has brought this up? >> i am real proud that he has. he's also opposed the obama trade plan, the trade pan-pacific partnership, the pacific commission that would be created, and also ted cruz opposes that, i think those are two big issues and i think it's driving this election and i don't think a nominee is likely to win who favors the tpt and who favors more immigration. maria: because at the end of the day-- because the issue becomes american jobs, right? >> i think so. i think our candidates need to be talking about how -- we have robotics, we have computers, we have outsourcing of manufacturing, they're just not jobs for people today.
they're just not. and to bring in millions every, you know, over millions is impacting adversely american workers, i think, and i'm pretty sure of it. maria: senator, do you think donald trump can actually win the general election? can he beat hillary clinton? >> well, i think so, if what happened-- it looks like in nevada last night, it looks like working people who may have been voting democrats, voted for trump in huge numbers. they say it's correct, you cannot win an election with the simple republican base, you have to have a nominee who can reach beyond that base. trump is reaching out to working americans in a way others so far have not been able to do. that's the way you get over 50%. i've been talking about that for seven years. our geniuses, our consultant geniuses says you've got to be more moderate and more amnesty and that's the way to win elections. i think that trump is proving
that's not so. maria: senator, good to have you on the program today. thanks so much. senator jeff sessions. mornings with maria starts every day at 6 a.m. eastern on fox business. before we take a break, take a look at the best moments you may have missed earlier in the program. >> you get a question asked every once in a while what about this federal debt. maria: that $19 trillion number. >> a little over 19 trillion and the candidate, the standard answer is go to my website, they don't want to talk about it. >> i'm sure you check your tires every month like you're supposed to, most people don't take off the valve cap and check the pressure. maria: you're supposed to do that every mant. dagen: you're supposed to, yes. >> and we expand the internet of things, this could be drones, could be cars that potentially might be used in terrorist acts. this encryption debate and what the government is legally endetailed to in the case, they've got to come to the forefront.
>> it's a crime to release sources and methods. scooty libby went to jail just for saying he didn't remember something related to sources and methods that he actually didn't have anything to do with. maria: how do the british feel about donald trump? >> i don't know how they feel, but they're probably like most people and like most of you here, somewhat surprised, let's put it in a diplomatic and neutral way. i think it landed last tuesday. one second it's there. then, woosh, it's gone. i swear i saw it swallow seven people. seven. i just wish one of those people could have been mrs. johnson. [dog bark] trust me, we're dealing with a higher intelligence here. ♪ the all-new audi q7 is here. ♪
♪ i don't want your number, i don't want to give you mine ♪ ♪ no, i don't want to meet you nowhere, no any of your time ♪ >> oil prices, the story again selling off after saudi arabia's oil minister ruled out any production cuts from the world's major producers. phil flynn at the cme looking at oil down. >> it is. it's gaining momentum now and there is uncertainty what's going to happen with these production cuts or production freeze. the saudis took a very hard
line, oil traders did not like that, neither did the iranian oil minister, he said that the production freeze talk was a joke. that really set the market on fire to the down side. but you know what else is more, we've got a big inventory report, api says supplies by 7.11 million barrels, so we're getting ready for potential big report later. maria: all right, phil, thank you so much. here are a couple of words for you, death spiral. oil -mageddon. citigroup group strategist is with us, jonathan, thank you for joining us. >> good morning, thanks for having me. maria: connect the dots for us, of oil and equities, and the economy. we're talking all about the relationship and why oil really predicts or dictates what equities are doing from day-to-day. they are three dangerous loops for the global economy and global markets. one is the relationship between
liquidity in markets and financial conditions. one is between the disinflation pressures and central bank credibilities and we have strong u.s. dollar, weak global trades, dollar concerns feeding weak growth and feeding back weaker end growth. so that's if uninterrupted is the death spiral and there are three of them that need to be broken as we go through this year and into next year. >> so, jonathan, death spiral is a very dramatic term and, you know, i don't really -- i don't see a death spiral, i see, how about this a little less dramatic, slower global growth? is that kind of what you're saying? but a little bit sexier? >> that is a conclusion of our reports and our thoughts, yes. >> so death spiral means economic growth--
>> death spiral is what we've been observing in equity markets especially outside of the u.s. and markets, share prices 30% off their tops and 20% down same in japan. and that's what the financial markets have been reflecting, but the real world, as you suggest, is slightly different. we're seeing an ongoing deterioration in the global growth story, we're seeing the slowdown continuing, but our conclusion is that we do not have a death spiral in the real economy and if this year we go to an environment-- >> i'm relieved. >> where the dollar is strong and oil prices stabilize which is our base case, then we actually break the death spirals. let's go to your death spiral case or slow gdp growth, whatever we call it, what is your view? i realize you have-- most people don't realize this that economists have base worse case, what is your view on what intervention monetary policy or
monetary agencies are going to have in terms of positively impacting share prices, even if slower gdp growth exists? don't you think that monetary policies will continue to be incredibly interventionist? >> well, i'm an equity strategist and i work very closely with my sort of economic colleagues at citi and you know, we have the last five, six years lent heavily obviously on some central bank actions and there's been this central bank liquidity globally, which the fed has been for a large-- >> won't that continue-- >> for a number of years. well, this is the key debate, global share prices and liquid assets to put, but nonrecessionary world both are under pressure now, central bank credibility has been shot to pieces, especially here in europe, and you know, what is important now is that central
banks try and regain some of that credibility. why europe, that's going to kick start again in march at the next ecb meeting where we expect to see draghi announcing further increases to their attempts to try and rebuild credibility. maria: one of the issues, dagen, is the fact that these guys got it all wrong. i mean, the federal reserve waited way too long to raise interest rates. when they did raise interest rates, we're close to recession. dagen: this kind of goes against what you're saying. have investors completely lost faith in all central banks to do what would help the economy and to act with some decent timing? >> so, let me ask you this, if the central banks have lost credibility, why is it, if janet yellen tomorrow gives a speech saying they're going to keep rates low for the rest of the year, will the stock market go up 500 points. maria: the stock market go up when the bank of japan went negative. dagen: i don't know if it would go up.
but you're asking somebody who thought donald trump's campaign would be over by the end of the summer. maria: jonathan, would you put money to work here? >> a key part of that is what's priced in at these levels. you take european shares, for example, you go back 20 years and you map share prices on to realized earnings and dividends and track each other pretty quickly. maria: what's the answer then? >> well, the current share price move we've seen, it affects the 20, 25% below tradings earnings and dividends. we're already pricing in a significant recession, so, to be bearish, to be bearish and selling here fundamentally, you need to believe that the world's going to experience a significant and synchronized global recession. maria: so, in other words, the answer is, you are going to be putting money into equities because valuations look good to you then? >> you are, but you have to recognize that is an investment
decision rather than a trading decision. we can see a lot of volatility around various central bank actions and political risk and there's a big risk in europe as well. so you have to tread very carefully mid term, but we see the drawdown that we've seen in share prices an opportunity as we look towards the end of this year. maria: jonathan, thank you so much, joining us in london and i know you believe that as well. >> i do. maria: we are going to take a short break, as we do, take a look at a baby gorilla successfully delivered by c-section, a highly unusual operation is only one of a handful of procedures done worldwide. the zoo claims in a statement that the surgery was necessary in terms of health issues of the mother. ♪ i want to love you, t.l.c., i'll take you there, yes, i will ♪
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to help you keep rolling with confidence. go long™. ♪ ♪ my girl wants to party all the time ♪ ♪ party all the time ♪ ♪ my girl wants to party all the time ♪ ♪ party all the time ♪. the rise of the machines continue. this is boston dynamics latest robot. the atlas droid is seen in the snow and even picking up boxes. the pilot of a small plane walking away uninjured after crashing onto a busy street outside of los angeles. the plane coming down just outside an airport, plowing into cars and ring off one of the plane's wings. no one on the ground was hurt and no word what caused this unexpected landing. jean claude van damme starring
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>> welcome back. final thoughts, dagen what are you thinking about? >> i am thinking about super tuesday and increasingly looks like donald trump is going to be your g.o.p. nominee for president and i will say again, a quote, and i paraphrase in the wall street journal today, i don't want a preacher, i want a president, i want a leader and that's an evangelical going to vote for trump. maria: he's showing leadership. so far markets haven't really been impacted by this, or have they? is this uncertainty of the race getting under the skin of investors? >> no, i don't think it has anything to do with that. i think it all comes down to oil prices. maria: final thought. >> don't panic, buy the assets
that have been beat down, especially that they have dividends. avoid energy for now and avoid financial services, but don't panic, that's a mistake. maria: even though earnings, supposed to be the back drop of everything are down. >> that's fine if they're down 4%. maria: that means that the global slowdown affected corporate earnings. >> absolutely. that's why you see the stock market selling off, but what you're going to see going forward, you'll see a continuing accommodative fed and buoyed by energy prices. maria: morgan, what do you think of that. >> i'm with dagen, looking to super tuesday and if cruz can't win texas, i don't see his path going forward and the debate, does rubio finally go after trump? if not, is he running to be vp. maria: does carson stay in. >> i think that carson is staying in to irritate cruz.
dagen: a quote out from kasich, i don't know if my purpose is to be president. maria: have a great day, everybody, "varney & company" now, over to you. >> i'll take it, are you ready for a trump nomination? that's what we're asking today because he won last night, oh, he won big. good morning, everyone. three straight wins for the donald and in nevada he won nearly half the vote. he won youngsters, seniors, well-educated, less educated, and he won among hispanics, wall or no. who is going to stop him now? we're hearing a lot of that. when is oil going to stop falling? we're hearing a lot of that, too. down again today, almost below $30 bucks a barrel and stocks will sell off 30 minutes from now. that's politics, that's markets, next, here they come,