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tv   Mornings With Maria Bartiromo  FOX Business  April 28, 2016 6:00am-9:01am EDT

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good morning. it is thursday, april 20th, i am maria bartiroma and here are your top stories on the east coast, ted cruz taking a drastic step to block donald trump's path to the nomination, he picked carly fiorina last night as his running mate. they explains why they are teaming up but trump slammed the announcement. >> carly respects the constitution and the bill of rights and understand the threat facing america. >> it is over. donald trump won. it isn't over. >> it is a waste of time. it is -- you first have to get the nomination. picking a vice presidential candidate when you have zero chance, no path, crazy. maria: we are looking at whether the move will help or hurt ted cruz. on the other side of the race this morning bernie sanders showing signs of slowing his
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campaign laying off staffers, details on that coming up. a jetblue pilot arrested for allegedly flying drunk, he piloted two flights before being led away in handcuffs. space x breaking a monopoly, elon musk's company sibling an $83 million contract to launch a satellite. make your uber drivers could cost you how much. markets this morning, the bank of japan keeping policy unchanged. that was a disappointment, the federal bank wants to wait longer with negative interest rates. as result stocks tumbling. the nikkei average down, the surprise rippling into markets around the world. in europe we are seeing declined as well better than 1%, the cac quarante down 1.3%. broader averages, take a look, investors are waiting on the reading of gdp this morning, that will likely set the tone. markets will open down 140
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points on the dow jones industrial average. with me this morning dagan mcdowell, fox news contributor george it is with us at riverfront investment group chief investment officer and chairman michael jones joining us. welcome back. we have a lineup this morning, michael hayden is with us. for republican president of candidate mike huckabee and mark fields ahead this morning. the race to the white house, despite being mathematically eliminated before reaching the delegates needed to secure the nomination republican hopeful ted cruz announcing he should get the nod and he will run with carly fiorina by his side. >> i have come to the conclusion that if i am nominated to be president of the united states, i will run on a ticket with my
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vice presidential nominee carly fiorina. >> i'm very proud, humble and honored to announce i have accepted senator ted cruz's offer to be vice president for the republican nomination. maria: joining us are david wolf and richard fowler, thanks for joining us. your thoughts on this development? >> a willing prop to garner the women's vote in indiana and pull a rabbit out of the hat. donald trump scooped ted cruz by getting the endorsement of bobby knight, not just basketball legend but personal legend bobby knight on the 40th anniversary of the 1976 championship team, he is worshiped and legend in
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that state and it meant a lot more to his chances of winning, he is up by 8 now, then carly fiorina joining ted cruz, john kasich originally joined him and the partnership blue up and he is trying something different, just not working, two candidates were rejected by voters and they have joined together and i don't think it will have any impact on trump's 5 state sweep, the momentum cannot be overestimated. he will steamroll the nomination. maria: how do you see it? >> i agree. the horse and pony show has got to end for ted cruz. recent report came out from other news network indicating 35 unpledged delegates in pennsylvania, donald trump is close to 1000 delegates, up in indiana, poised to be the
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republican nominee, they need to coalesce around him or let him be. donald trump is taking him to cleveland. maria: i can't believe this aggressively negative reaction, and ted cruz has to do something, maybe it is a hail mary, carly fiorina was very articulate on the campaign trail. >> she was articulate on the campaign trail. what does she bring to the ted cruz presidency. maria: how about the woman vote? >> she doesn't deliver that either. these are not two people easy to like. with all due respect to carly fiorina i have great respect for her but she doesn't -- women
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don't identify with her, she is not one of these personalities women rally around, i don't understand the point, it is desperate. on top of that, she outsourced a lot of jobs, she is in indiana. i am a hoosier third-generation, i have to say this could backfire on ted cruz given the fact that that is a big issue in indiana. carly fiorina -- dagen: one thing megan mccain pointed out last night, when carly went after hillary clinton when carly was in the presidential race and was very effective at that, potentially one role she would play. ted cruz is trying to be donald trump at his own game. did he do it? probably not but trying to take
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the spotlight and did it that day because he won five states and wanted to change the narrative. >> carly fiorina wasted no time starting the attack on donald trump. listen to this. >> donald trump and hillary clinton are interesting visible in their positions, indistinguishable in the fact they have always been inside his. >> ted cruz can't win. why is he picking vice presidents? can't win. >> i don't understand, i understand why ted cruz wanted her. i'm not sure why she wanted ted cruz. what is in it for her? she is playing the role of a vice presidential candidate, and attack dog, but what was her motivation? given the challenge the ted cruz campaign faces, what is her motivation? maria: you agree with david when he said she was a prop? >> absolutely. a very effective attack dog but i don't understand.
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dagen: i hate that word because it sounds like trophy wife. when you use that word this is a woman issue but when you use that word in relation to a woman it makes her seem just a trophy. >> she risks damaging herself. they will use her in commercials. how will she come out of this? she wants a career in politics, she ran for senate in california and lost. dagen: barbara boxer went after her on twitter. i was shocked at the vitriol. >> here is the thing. if the hat fits on this, where it. she said herself if you apply for the job as attack dog and become the attack dog that is your fault. she should never have taken this job. this is as close as she ever gets to the white house. >> you have two peas in a pod, two candidates come off as
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preachy, condescending, dismissive, the likability factor that is 0 among those two, more damage than anything else. dagen: i will add one thing in terms of the delegates, the reason the timing of this didn't make sense to me is because he couldn't use that if we go into an open or contested convention. he could have used that vp slot as a bargaining chip to get delegates, she has no delegates. john kasich does. marco rubio does but instead he did this. >> timing on everything has been bad, timing on the john kasich deal couldn't have been worse, too little too late. maria: your take on the other side of the aisle, winning only one state on supertoday the sanders campaign is beginning to cut back, laying off staff. he is vowing to stay in the race but how long can he stay in the race? >> he has laid off 200 campaign
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workers with one thing about bernie, you may not like his platform or his ideas but bernie is not stupid. bernie is getting closer to his concession speech and is letting people know in private conversations he is not coming out and saying he is doing it to prepare to step out of the race but obviously that is taking place here, the leads hillary clinton has is insurmountable, he started his attack too late, he is too far behind and they will start looking for new jobs and it was a good try but that is what is happening. >> it is a longer play for bernie. he is a ranking member on the senate budget committee. donald trump with a nominee, democrats take back the senate making in the budget chairman which means he becomes one of the most powerful men in washington dc. what you have to do is architect the platform he needs to come
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back to washington and create a budget that would be people that voted for him. >> he is raising $40 million a month, over $40 million last month. he keeps that money. that makes him very powerful in terms of what he can hand out to other candidates. he will be on that floor, the man you go to if you want anything because you have money to help you when you need it. maria: yesterday we had steve scalise, the number 2 guy in the house, and he said what i would like to see is donald trump name ted cruz to scalia's seat on the supreme court. i said we just broke news here. you want to see ted cruz take antonin scalia's seat? >> imagine donald trump nominating lying ted cruz to the supreme court?
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there is too much vitriol, too much conflict but ted cruz is a brilliant guy who would make a good justice but trump will never nominate him. >> kennedy hated johnson. they come together. >> stranger things have happened. think about this. barack obama and hillary clinton were at vitriol at this point in 2008 and she became one of the most powerful people in his cabinet. maria: politics make strange bedfellows. >> the scene is more important than the specifics. if he comes out with a specific nominee for the supreme court, along the line of ted cruz that could reassure the republican base. maria: maybe that is something to look at. great conversation. straight ahead flying under the influence, cocktails in the
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cockpit landed one jetblue pilot in the courthouse and space x shattering lockheed's monopoly over military lunches, details on elon musk's new contract, lots of economic data, waiting on gdp, amazon reports after the close, we will be right back. this just got interesting. why pause to take a pill? or stop to find a bathroom? cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex
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maria: jetblue airways pilot accused of flying while drunk, cheryl casone he has that and other headlines. cheryl: dennis murphy junior appearing in brooklyn federal court after allegedly piloting two flights between orlando and jfk airport under the influence of alcohol last year. murphy was selected for random testing where he registered a blood-alcohol level well above the legal limit for driving a car, 3 times what you can have in your blood as a pilot. those carry a combined total of 270 passengers on those flights. space x has been ordered and $83 million contract. lockheed martin and boeing, high-priority contract involves launch of a next-generation gps satellite set for may of 2008.
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stock is searching in the free market, first-quarter earnings yesterday smashed expectations and user growth and mobile ads, facebook beating estimates and revenue for the first quarter, $5.2 billion in ad revenue up 57% from last year, 118 and change today. >> facebook pushing back in the face of weakness for other technology companies. stock is up already and we have seen weakness in the tech sector this earnings season. >> you hit the nail on the head, mark sucker gets execution has been flawless lose there has been tremendous change. dagen: sheryl sandberg's execution of mark sucker berg. >> both of them. they have been a great team. more like yahoo will be the big contrast, yahoo took strategic
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direction the same time as facebook. most of their initiatives have fallen flat. everything facebook has done has been dead on in terms of where the market is going. dagen: the difference between facebook and yahoo, different situations they are facing. >> over the same period they had the same opportunities, facebook capitalized, yahoo didn't. >> one thing facebook did, you put your finger on, they figured out how to monetize mobility. this was the issue. how do you make money on mobility. dagen: charge more for mobile apps versus what you see on your pc. >> they have unbelievable ways to track stocks. they have measurement tools they can say to an advertiser you advertise here and this is the number of people that clicked on it. the number of people that bought something in that category after you advertise.
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the measurement tools. dagen: funny thing is facebook is a great example of using people's most personal private information. i want to point out what you said yesterday talking about snapchat and the latest thing among millennial's, facebook is the biggest game in town in terms of connecting with people, 1.65 billion users. >> because they made it easy. i spent the weekend teaching my mom how to post pictures on facebook and it was so easy for her and this is ubiquitous. this is with you everywhere. being able to monetize on that. y that is why stock is up. the president's plan to give it mow detainees to the united states has state officials up in arms. more drama for yahoo, marissa mayer's plan, shaking hands at
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the biggest enemies, what the move might mean for the struggling internet giant, stay with us. when it comes to small business, she's in the know. so strap yourselves in for action flo! small business edition. oh, no! i'm up to my neck in operating costs! i'll save the day! for plumbers and bakers and scapers of lawn, she's got customized coverage you can count on. you chipped my birdbath! now you're gonna pay! not so fast! i cover more than just cars and trucks. ♪ action flo did somebody say "insurance"? children: flo! ♪ action flo cut! can i get a smoothie, please? ooh! they got smoothies? for me.
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ooshoshow me more like this.e. got smoothies? show me "previously watched." what's recommended for me. x1 makes it easy to find what you love. call or go online and switch to x1. only with xfinity. maria: with friends like these who needs enemies? yahoo making an agreement with activist investor and one of the most vocal critics, starboard value, jeff smith and three other independent directors, not only pushing for yahoo to sell the core business which includes fantasy sports, yahoo finance, tumbler, but calling for the
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ousting of marissa mayer. multimedia trust portfolio manager larry haggerty, thanks for joining us. isn't it interesting that here is a guy who once to turn over the company and marissa mayer want him on board, getting pushed to do this. what is your take on it? >> there were two choices here. either the board changes things or someone comes in through a proxy fight and does it for them. the latter would have more breakage. the cash flow in this company is declining precipitously, looking for it to be in the neighborhood of $750 million this year. many years ago, it was higher than facebook. facebook has $9 million of cash flow. facebook won, yahoo lost. after losing to qvc next, it is
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better for the board to engage or do the self process, you deal with the new board, start from scratch, have a lot of good employees, no doubt a lot of good employees are jumping ship and going somewhere else in silicon valley which is very easy. this is an optimal situation. the estimate of the best possible situation which we call private market value, $53, stocks in the neighborhood of 37 right now, and $44, the basic assets, valued at 6 billion, 4 to 8. maria: yahoo stock, and -- >> yahoo is one of the biggest
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in the fund, a buyer of the stock. maria: we are having this discussion. >> that is a big mover this morning. >> let me ask about core businesses, do you see any synergy between those businesses, standalone operating companies under new management? >> i would like to see the company in the hands of verizon, hired tim armstrong google, google with the exception of marissa mayer, very good, like ge in the old days when jack welch was there, tim cook is a manager of internet assets, he has taken aol which was lost for debt and made it through skillful deals and a big force
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and advertising, and the assets would fit cleverly, and clearly verizon has an interactive strategy, they are not talking about it. maria: a backdoor way to do what they want to do they wanted tim armstrong to run yahoo and aol, this is starboard and to get together, if verizon does the deal that takes care of that. >> a marriage made in heaven. the thing that is beautiful about it is it is so easy for verizon to finance it. if you look at 700 million, $6 billion deal for assets, $180 million before a tax deduction and it is accretive to verizon's cash flow, the potential of this
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cash flow growing by 40% a year under proper leadership. maria: that is a good story from your standpoint given you own that and facebook is a big story but before you go, we have seen real weakness and the tech sector has been a lag or, is that warranted, weakness we have seen warranted for the most part? >> i absolutely don't think so. with regard to google i look at revenue growth and keep things simple. the thing i am looking at is how much revenue growth is converted into cash flow. google has all these spectacular investments nobody knows about, the driverless car, the science
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projects and the incremental profitability of google, every number they ever recorded, no one can predict, that makes the stock nuts. the last quarter they only converted 33% or 35% of incremental cash flow, facebook in the last quarter converted 68%, the market love 68%, 33% isn't bad if you are throwing the money down the rathole. maria: amazon -- would you buy amazon before the quarter tonight? >> absolutely. amazon web service is one of the best services in the world, and unlimited opportunity to get into other businesses, has a marvelous business with a third-party business in commissary where he collects a referral fee for using service,
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they are gaining market share. stock is expensive but it will continue. maria: that is another behemoth. we will see you soon. good to have you on the program. larry haggerty, we will be right back.
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picking carla fiorina. >> it's time to shake the rust off of america's foreign policy. under a trump administration no american citizen will ever again feel that their needs come second to the citizens of a foreign country. maria: uber's latest message to user making uber driver wait could actually cost you, we will tell you how much. jessica alba's honest company, under fire over formula. wants to wait longer of negative interest rates. the nikkei average stumbls and the surprise around the world, future indicating the loss of the open. after sweeping tuesday's primary
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elections, donald trump is turning to conversation to the issues, specifically his plan for foreign policy and america's role in the world. >> our foreign policy is a complete and total disaster. no vision, no purpose, no direction, no strategy. my foreign policy will always put the interest of the american people and american security above all else, has to be first, has to be. i will also call for a summit with nato allies and a separate summit with asian allyings, in these summits we will not only discuss a rebalancing of financial commitments but take a fresh look at how we can adopt new strategies for tackling our common challenges. i will never send out finest
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into battle unless necessary, and i mean absolutely necessary and we will only do so if we have a plan for victory with a capital v. [applause] maria: let's bring in former cia director michael hayden. first your take on the speech last night. >> with the cuts you put on the air, who could disagree with any of that? frankly i think there's consistency with those kinds of things that mr. trump said yesterday and what anyone who would conduct american foreign wolsy was see a guide posts. we want to serve the american people, we want to make their lives better, we are open to new ideas, what i was missing, and maria, i read and reread the speech, it's actually fairly thin-ruled, i want to know what specifically is going to change
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under a president trump compared to a president obama. maria: right, yeah. we didn't get that. he wants to have a summit of asian allies and nato allies, of course he talked about nato as he relates to financial commitments. what was your take away there? >> yeah, he seemed to think that our relationships with our allies were pretty much grounded at the transactional level. frankly at the deal-making level when in reality they are part of an american strategic approach to different areas of the world. believe me, maria, i get it. by theway, mr. trump sounds an awful lot like president obama when he talks about dead-beat allies because president obama has been talking a lot about them particularly in the past few months. but this is not just a simple business arrangement. maria: right. >> we do these things because they are in our strategic interest and so we need to be
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very careful about what criteria we use in terms of making a decision, whether we stay or go from an important part of the world. maria: certainly we did not hear specifics in taking isis down, specifics in dealing with china, we did hear a bit about russia, interesting to him hear talk about this desire to have better with russia and the russians love it a parentally. what do you think? >> yeah, one another instance he sounds a lot like president obama and there i say former secretary of state hillary clinton. he's calling for a reset of our relationships with russia and very much like the obama administration, maria, he's calling for a reset without conditions. maria: we know how that went the last time we did the so-called reset. general, let me switch gears and take, israeli battle tactic to
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fight isis, knock on the roof. why is it controversial? >> it's an effort to try to reduce civilian casualties, put another way, an effort to give us the circumstances in which we can attack an installation and not have civilian casualties in the way of that decision. very briefly, it's kind of a warning shot to kind of alert people that our inability that this place is about to go bang and give them a limited period of time to vacate the premises and in instances like this, it is the structure itself rather than the people in it that we want to destroy. it's tough to do, t not always successful. you can tip your hands at times and thereby deny yourself a tactical success. i understand why we may want to adopt it. again, it's an order to allow ourselves to actually attack the
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islamic state more than we have been in the past. maria: i see. then there's gitmop south carolina nikki haley is going to testify today. she's going to testify to move gitmo dye -- detainees. >> what governor would want this additional burden, but in general i actually think we in the united states know how to keep prisoners. i understand the local concern. more importantly, moving the prisoners from guantanamo to the united states isn't going to scratch the inch that the president thinks he's going to scratch. the issue with our allies is not where these guys are, it's that there are a group of them that are irreducible forever prisons, it doesn't matter whether we
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keep them in cuba or south carolina, some of these people are too dangerous to release and never going to face trial. so it's not going to solve the issue that the president might think it's going to solve. maria: specially that anybody that we have released already, most of them have gone back to the fight. >> well, most is probably too big a word but there's been a significant amount of recidivism. we are letting people go with the expiration of the shot clock rather than reasoning good to go or not good to go. maria: thank you so much for joining us. uber drivers, time is money, looking to start charging you a fee if you don't show up after two minutes. jessica alba's venture getting sued, this time over formula. we will bring you the details, back in a minute.
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maria: welcome back, denise houster going to prison. cheryl: denise has been sentenced to 15 months in prison for evading banking rules. agreed to pay $3.5 million to one of five people. he's accused of molesting when he was a coach years ago. he was not charged with sexual abuse because statute of limitations had run out. uber is testing out a new waiting fee if you don't charge within two minutes of when the driver arrives. guilty. a change of of five-minute window.
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two minutes after the request. the fees range from 5 to $10 depending on what city you're in. finally this, maria, jez quay alba, the honest company hit with a lawsuit, nonprofit filing a lawsuit that honest violates the organic food production act, the group say it is product contains 11 sintetic products. now her baby food line, thank you. maria: yeah, you're right. we will keep watching that. thank you, michael jones is with us this morning from river front. michael, i want to talk about the bank of japan. yesterday we were all talking about the issue that the bank of japan says there here with more stimulus. micheal: you know, it might be
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time for korota to go. they have every reason to do so with the earthquakes, there's need, there definitely going to be more slowing with the japanese economy, he indicated it would happen, he didn't do it. go back to january, he said we are not going to go negative on interest rates, 48 hours later they go negative and shock the banking system. it turns out there systems couldn't even put in a negative interest rates so money market trading collapsed in japan about four weeks. dagen: and the general soared but goes to the point that all the central bankers need to get the heck out of the way. they are no clothes and they don't know they're naked. they are rutterly and -- rutterless. they don't know what they are doing. maria: highest in five years. dagen: the yen soared after they
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took negative interest rates. micheal: if you can't do commercial paper, we found this out after lehman brothers. when your money collapses, the yen goes up. the same thing negative interest rates in europe had been very successful because they were clear in their communication, delivered in execution and passed negative rates. maria: bottom line, what do we do as investors? micheal: we pull back from japan. maria: severe storms and where it will be next. company ceo mark fields will be later with us weighing in. back in a moment which allergy?
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♪ ♪ ♪ maria: welcome back, after nearly 128 years mcgrahl financial, the new york firm, rating services will now be called s&p global, to shift away from publishing roots and to remove to commodities market. s&p global ceo doug peterson. this is a big day for you and
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the company s there a culture change going on here? >> there is, a culmination of changes over the past years, that we thought about the strategies that meet the risks of portfolio managers, corporate executives so we can meet the standards. maria: it's not necessarily what information you need but how do you survive and grow this brand when you have all of this information in the internet already? >> so that every morning when they arrive at their office or making a trade or they're looking to portfolio, they take what we provide and they put that data into their models or they think about it to make decisions. maria: yeah, because yesterday we reported that, you know, exxon mobile lost triple a rating and then reported what s&p is saying about markets that are very troubled.
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tell us about the expertise in areas, for example, you have a group looking at the oil sector, is that why they deem exxon mobile of the triple a rating anymore? >> across the company we have levels of expertise, rating agency, we have a group that's called market intelligence, has over 130 billion data points that they link together for marketplace. plats which is our oil business, we are able to take that information and cross-fertilize it in the company. today in the oil business, energy markets are going through a lot of turmoil and what you see for exxon mobile they have decision about how much debt they want to use and with the prices of oil, obviously they've been taken a hit. this is deep that is deep analysis in every single one of business verticals. maria: where you're seeing the strength and where is the growth at s&p global come from in the
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next let's call three years? >> we are seeing strength in all of our businesses, we just reported our first-quarter results. all of our other businesses had very strong earning's growth partially because of acquisition and because of organic. our goal going forward is going to be much more international as well as new products and new service that is we are providing. but to have we have embedded products in how people make decision that today make us very strong to begin with. maria: how does the landscape change things, abbot is acquiring st. jude, more deals happening and expected throughout corporate america, how does this consolidation affect the company? >> there's a couple of things we look at. there's a lot of cash offshore, if you think about one of the reasons why firms are merging, they want to have scale, in many of the ways we think of business with scale.
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it also gives them a reason to use their cash. there's a lot of cash floating around. we want to make sure how that trapped cash can become untrapped. it provides us analytics to customers themselves, investment banks, they want to know what's inside the databases so they can merge in acquisitions and obviously the firms need ratings, commodity information, et cetera, so we find that the movements of markets, the movement of capital market are things that benefit us because people need for data. maria: there's also a market impact. you mentioned earlier about the slowdown in issuance that we have seen. that affected the ratings' business, what are you seeingtsn the biggest impact on s&p global because we know what's going on in manufacturing, we know what's going on in commodities, this huge selloff that's been, what, now seven years in merging markets, what's the impact? >> so for our business one of the impacts is business that
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impact on roll tillty because of the need for analytics, when there's a lot of volatility, people need more information. we have trade on exchanges in chicago and the more they trade the more that we see information on the markets, similar in the oil markets, the more volatility, the more people need data and analytics. there's uncertainty with china and with oil price, zero interest rate rates around the world. there's a lot of condition that is have made uncertainty in the markets. we have a window into all of that and provide thought leadership and other research, basic fundamental economic research and forecasts as well. maria: all right, we will leave it there. doug, we will be watching. doug peterson, s&p global. exciting lineup in the next hour of mornings with maria, i will be joined by former presidential republican mike huckabee and mark fields on his earnings.
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maria: welcome back to thursday morning, everybody. i'm maria bartiromo, it is thursday, this morning, you're top stories at 7:00 a.m. on the
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east coast. ted cruz taking a drastic step to try to block donald trump's path to the nomination by picking carly fiorina as his running mate. trump slammed the announcement. >> she said i don't do anything halfway, carly looked at me and said, our country is in crisis and we have to do this together. >> i am prepared to standby his side and give this everything i have to restore the soul of our party and defeat hillary clinton and to take our country back. >> cruz can't win. he is the first presidential candidate in the history of this country whose mathematically eliminated from becoming president who chose a vice presidential candidate. maria: we are looking this morning as to whether the move will help or hurt ted cruz.
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birny sanders reportedly laying off staffers. secret service to raise the white house fence, new design includes anticlimb features. coming up. the storms are heading east, whether he bring the weather forecast to you. onto business, major merger, abbott labs acquiring st. jude medical. what other companies are impacted? on the earnings front, bucking the trends of weak result in this week. social media giant request with analyst expectations, we are breaking down the earnings and telling you about the stock, it is soaring this morning. bank of japan unexpected kept policy unchanged. last night at the meeting central bank saying it wants to wait longer to see the effect of negative interest rates. nikkei average tumbling and the
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surprise negative move is rippling throughout markets around the world. we are looking at a lower opening for the broader averages in the u.s. joining me this morning dagen mcdowell and goergette. >> absolutely, he's the donald trump of central banking. you can't predict what he's going to do. that may be attractive but in central bank is a disaster. maria: mark huckabee with us. donald trump campaigning in indiana last night. the front runner hope to go lock up the republican nomination by securing a win in the state's upcoming primary. blake berman is standing by with the details. blake, good morning to you. blake: donald trump will be campaigning today in the two states that many feel are most
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important for him to hit the magic number of 1237 delegates, indiana and california. trump starts off the day with rally in indiana which hosts tuesday winner-take-all primary and california. last night trump was joined on stage by the legendary iu basketball coach bobby knight. if we win indiana, it's over. trump's campaign also continues here in dc, his convention manager paul will meet with members of congress lathe this -- later this morning, maria. maria: ted cruz looking to shake-up and announced former presidential rival carly fiorina as his running mate. if i'm nominated to be president
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of the united states i will run on a ticket with my vice presidential nominee carly fiorina. [cheers and applause] >> today i'm very proud and very humbled and honored to announce that i have accepted senator ted cruz's offer to be his vice president for the republican nomination. [cheers and applause] maria: meanwhile republican front runner donald trump didn't waste time responding to the news, he slammed cruz's decision during a town hall yesterday. >> cruz can't win, what is he doing picking vice presidents? he can't win. in television they say it nicely, he has no path to victory. that's a nice expression, he has no path to victory. he's mathematically eliminated. it's like if you're playing in the world series and your team loses a game, a certain game, he's mathematically eliminated. maria: let's bring in former republican presidential
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candidate mike huckabee, governor, good to see you. >> good morning, maria. maria: everybody is saying that he's eliminated, but look, he's expecting on open contested convention, so why not get a hail mary and gets somebody in there that resinates with women and a broader group than he has right now, what do you think? >> well, i think it's really a hail carly than hail marry. it-- mary. it was a smart move. trump has blown him out. it's not that trump -- trump one all five states and for all those people who said trump can't get above 50%, trump can't do -- trump has done those things and i think for ted cruz this was a smart play. maria: yeah. >> he's changed at least the story.
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here is the question, how long does the story last. if you look through the headlines and i was looking through a dozen papers an websites this morning and every story is the first graph that it always says in a desperate attempt, a drastic move. maria: i know. >> every one of them speak of really reaching out there and grabbing for the stars. maria: actually i was surprised at the almost unanimous negativity. georgette: governor, i would like to ask when is the republican party going to face the reality that it looks like it's donald trump, stop eating our own and get behind him and make him successful? >> great to talk to you. i think some of the republicans are beginning to understand that. for some of them this is like eating gruel. they don't want to do it, they better sit down at the table and
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get knife and fork out and realize that donald trump now represents our very best chance, i believe, to take out hillary clinton, one of the reasons -- i've known hillary a long time. i felt like maybe i know her better than any of the other republicans that ran for president. hillary is like the british army back in 1777, she was very careful, she will march in rows, she will wear a very clear uniform and she will be very predictable. donald trump will be like gorilla warfare, she will never know what the shots are coming from, when they're coming and that's how you're going to defeat that kind of massive organization that hillary will put together. maria: michael jones. micheal: governor huckabee what is the republican party going to do about trump unforceed errors. he said hillary wouldn't get 5%
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of the vote if she weren't a woman. how does trump continue to capitalize on what he does well but stop with these unforced errors? >> well, you know, we can talk about those unforced errors, right now he is about to clinch the nomination. >> that's not the general election. dagen: that wasn't an unforced error and that was the dog-on truth and resinates with the american people. hillary clinton wouldn't be the nominee and wouldn't be close if she was well -- wearing your clothes, governor. no offense. georgette: or she wasn't. micheal: wife of a very popular president. dagen: i don't think it's unforced. i think that he knew exactly what he was saying and people went, yeah, he's probably right. micheal: republicans might have said if they don't think, the
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swing voter will. it's not the nomination. >> i still don't think that's an issue. i want to be very clear with you. i don't think that's an issue that's going to hurt him with suburban women. they're not hillary supporters. they don't believe in gun control. they want to get train today get their concealed training. obama is building walls and gun around his house. so they're tired of the liberal trap that has really made their lives miserable and unsafe. so i don't think that this is an issue that hurts him in the general election. maria: what about bob knight. >> one of you said it. maria: basketball coach renown praising the republican front runner at the rally last night. listen to this, governor. >> you folks are taking a look at the most prepared man in history to step in as president of the united states. [cheers and applause]
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>> that man right there. there has never been a presidential candidate prepared to the length that this man is. maria: the most prepared president, governor, with all due respect, to everybody who loves trump -- yeah. >> the basketball coach has certainly given the license. [laughter] >> there's nobody in indiana to endorse you than bobby knight. he's not just a legend. in that state his goal is the corn that comes out of the field in the summer. [laughter] georgette: i'm a third-generation hoosher and bobby knight is a god. dagen: i want to point out
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something about donald trump, donald trump's popular vote total has surpassed all the votes that mitt romney won in the 2012 season. he has surpassed all the votes that john mccain earned in 2008. it's on track for record. so when people dismiss his popularity, i think that they need to smelling salt. maria: you're right. >> add to that the fact that a lot of the votes that donald trump has gotten through this process are votes of people that are coming into the republican for him. now, if you want to win a general election, you better pull democrats and independents into your tent. the donald trump hasn't been he he's not getting them, the republicans have to grow up, if the people select them, they need to get behind him and quit this pouting going out and saying they're not going to
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support and go to third-party candidate. that's nonsense. dagen: that's why it could crush cruz. maria: how come this is so easy for us to see and yet the republican establishment is talking about -- georgette: it's about money. >> they live in a bubble. they do not get it. micheal: but the general election, you have two candidates with big negatives and i think the person who is going to win is the one who gets their negative downs the most successfully and i think that's trump's challenge. maria: governor, good to see you. thank you, governor mike huckabee. several tornadoes, severe storms attacking the mid-west, is the worst yet to come? five separate recalls affecting nearly 300 cars and trucks, ford ceo weighs in on that and first-quarter earnings in ford
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maria: welcome back, powerful storms this morning rolling across the midwest and south. cheryl casone with the headlines. cheryl. >> we have been talking during the week about the the powerful storms. three tornadoes touched down in central illinois.
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this happened last night. no major reports of damage, but severe weather is predicted for parts of texas and oklahoma later today. that's tornado ally, this comes after tornadoes hit five states including kansas and missouri on tuesday. if you have flown lately, you may know lower airfares, lowest level since 2010. flying domestically cheaper than any year since 2010 when average fair was 365 bucks. the airfare have dropped even though other consumer costs have increased. a new study suggest that is future rent gas station of retirees will have to work longer to earn the same amount of money for golden years. investment returns expect to be lower than during the past 30 years. according to research by mckenzie, a 30-year-old might
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have to work seven years longer, black rock, fidelity have been saying that americans aren't saving enough for retirement, we have known that for a long time, but if the market doesn't pick up in any substantial form, 20 years, 20 years are going to be rougher than the last 30 if you can stomach that. maria: what? georgette: that's part of this anger that's fueling the populist movement. micheal: with fixed income rates right now, bond returns are going to be miserable for the next 20 years. but i'm not quite sure i understand why they think equity returns are going to be depressed. i know there's a demographic story and so forth, but, look, the last 140 years there's never been a 30-year period of time we haven't gotten 6 and a half percent real. two global depressions and two world wars. i'm not quite sure that i buy their message on equities
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although since everyone has to have some fixed income in their portfolio, the over all mix, they might not be too far off. maria: i totally agree. real estate, commodity, fixed income, stock, investing in the stock market will create long-term, 10, 20, 30 years. dagen: i like the fact that you're an owner in the company. when you buy government bonds you're lending money to the federal government. do you think they're spending the money wisely? micheal: american companies because we have not had the other regulatory constraints that other companies have, american companies have been adaptive in finding ways to make money in all kinds of very difficult environments, so as long as -- [laughter] micheal: that's my caveat, if it goes bernie sanders' way, the predictions may be right.
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georgette: why do you think the middle class feels like they're losing traction? where is that coming from? micheal: 15 years of declining wages for the median american worker, i don't think it's a coincidence. maria: wow. micheal: the wages started declining, the year china entered the world trade organization. think about it. méxico buys a lot of our stuff and we buy theirs. look at what they did to apple this week. maria: that's not going to change. when you're talking about american companies needing and wanting to sell to a population 1.3 billion people, they won't let you in unless you give something. georgette: and we have low-quality quality goods that people could never afford before. we saw the wal-marts and the
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kmarts come up where people got quality food and quality products at a price that were never available to them before. micheal: but you wanted to think about the anger and you want to think about the populist, what's driving the populist, a lot of is if you go to virginia or any towns where we are from where they've lost their factory, you know, that town has a hard time recovery. maria: gone to places like méxico. dagen: something that was missed by the politicians representing those fine people. maria: take a short break and speaking with american companies, ford, the stock is up, nearly 3% this morning, reported strong first-quarter results, we are going to break it down with the company ceo mark field. facebook said to be a winner in today's trading session. news last night, how the social media giant was able to buck the trend of weakness in the technology sector. we are back in a moment
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president and ceo mark fields. thanks so much for joining us. >> thanks, maria. maria: i want to get to obviously the recall and innovation that you have been leading at ford which has been so excited. first, let's talk about the quarter and what you saw. can you characterize the first quarter of the year? >> well, we are off to a great start for the year, we had an all-time record quarter following a record year and i think it positions us well for having an outstanding year on keeping us on track for that. we grow our bottom line, we had tremendous performance across portfolio of businesses but our record year last year. all in all, excellent year. maria: what's driving the
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performance right now, mark? i was reading earlier about the success you've had in fleets. you're selling cars to fleets. analysts are wondering if that's really where the strength is as oppose to individuals, can you talk about what's driving the euphoria right now? >> well, i think the strength across our business is really driven by our products, both from retail consumers, also fleets, you know, fleet -- our approach to fleet has not changed. it's a very good business for us. as we've said, rental car business is front loaded towards the first half of the year and by the time we end up the end of the year it'll be about the same as it was last year. we were just having -- but it's really a broad-base not only products but when you look at regional performance, our operations outside of north america were profitable and improved from last year including europe. so pretty broad-based strength
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across the board. maria: yeah, i saw the european numbers and obviously it really feels like we are seeing a recovering there and ford is obviously a big beneficiary, what are you seeing specifically in europe and do you see -- do you feel like the sentiments has changed there? >> well, what we are seeing in europe across the markets we are continuing to see a good performance in the northern part of europe, we are seeing a recovery in southern europe, the uk continues to be strong, although we may see a little bit of volatility now and when the referendum is voted on. when you look at our business, it is very strong, our market share is up again, our profitability as you mentioned is over $400 million and that's driven by the actions we took in place about three years ago for our european transformation plan around reducing our costs, working on our brand and introducing great product. and when you look at the
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european market, they're also shifting towards small and medium-size suv's and we are very well positioned with the investments that we have made. maria: let's turn to the recall for a moment. what was the reason for 300,000-car recall? >> it was a variety of different products, but our process simply is a company when we see issues big or small, whatever, we want to act on them quickly. we have, we made the announcement yesterday on a number of vehicle lines and customers can come in and get those vehicles fixed up. maria: in other words, they should know which car or truck they have and they could just take it to their dealership and get it changed? >> yeah, our process, as i mentioned, when we see issues, we jump on them early, we send out notifications to consumers so they can visit their dealers
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and get vehicles updated. maria: mark, i know you have been working on automation, you've been working on autonomous car, is that where technology is going, real quick, mark? >> maria, we are going to auto company to automobility company. we are going to continue to design and manufacture great truck and pursue opportunities in mobility and mobility services. maria: it's fascinating to think that your car will be almost like your phone, you've got all the data and information right there in the car. mark, good to see you, thank you so much for joining us this morning. we will be watching the developments at ford. mark fields joining us there. >> all right. maria: still to come a wall will be built but not the one donald trump wants. they're thinking about their own walls there this morning. facebook shattering expectation
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maria: welcome back, everybody. i am maria bartiromo. your top stories at 7:30 a.m. monday goes. tankers trying to block donald trump's path to the nomination. he names carly fiorina as his running mate. looking at whether the move will
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help or hurt occurs. bernie sanders show intent is to lay down his campaign reportedly laid no staffers this morning. he hinted yesterday what his goal will be should he lose the nomination. >> if we do not win, we intend to win every delegate that we can. so that when waco to fill it healthy in july, we are going to have the vote to put together the strongest progressive agenda that any political party has ever seen. trade to the secret service looking to raise the white house spent that the new design goods anticrime features. surveillance video captured with some may call the video is a miracle video. walking away alive. look at these pictures. he walked away. the nfl draft underway tonight. look at the topic in a the topic in a one player stands out from
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a small school. market this morning .3 decline after the bank of japan unexpectedly held great study and did not offer any new stimulus. as a result, european merit it forward. at the lows of the morning looking to open 160 points, almost 1%. also earnings pressured markets this morning. not from facebook. facebook is not slowing down. the stock soaring into the free market. that is the standard the upside. jo ling kent with the story. he might talk is popping 10% of bucking the trend is that the other tech companies have seen so far. a huge first-quarter bullet pass profit expect patience and 70 cents per share and revenue of $5.38 billion. that's a whopping 52% increase year-over-year. if you got it you got them on facebook, they are getting there. bigger than the population of china. it's getting to be very serious. when went through 9 billion
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people log in every day and a half billion people check facebook on mobile devices. on the call yesterday, ceo mark zucker birth that people spend more than 50 minutes a day using facebook, is to grab an facebook messenger and that doesn't even count messaging and what that. facebook now makes an average of $3.32 a user up from 250 last year in mobile revenue is the moneymaker as well. i make it 82% of ad revenue now and add revenue itself is that which is a new record for facebook. facebook announcing big news. restructuring without voting rights and basically marks outside and not losing control of the company ever at this point. maria: what an unbelievable performance. i remember those days when it went public and people were questioning facebook. it's completely turned around.
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>> what you see is a multiplatform approach. clearly working for investors. the growth has been pretty serious. a lot of migration of younger people to snapchat. a billion videos a day. dagen: i find it annoying. speenine for facebook needs to grow. dagen: we have this debate yesterday because anthony was talking about snapchat is for the young people are. they might be, but facebook is growing and extract in more and more money which is what you just said. i can tell you how much stuff i bought over and took her in. because they place an ad, looks like an awesome photo. i've got flowers, clothes, toiletries. it is just instead program. it is seamless. i am a and a buyer. >> they know all about your
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habit to >> with this whole thing about privacy? a billion people on facebook? seriously. it's a contradiction. it doesn't make sense. maria: let's talk about that. that's one of the issues in the election. when you look at facebook, a site for the candidates constant tweaking can associate me to have a big impact on the campaign trail. also a study from the university of delaware that says it wanted to it could sway the election one way or the other. >> now that is scary. boot than putting the dinner, the additives have you registered to vote, have you voted? they know that i live in new york and they ask me, have you voted? so it is pushing people to vote.
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not recommending candidates. but we know where the leadership is. >> they've gone to donald trump without saying his name. you end up seeing more of what you're likely to support. as he put more information out there, i seek in up privacy come to you end up often times in an echo chamber that can put you in any direction. >> i think we have to recognize the real thing that could stop the facebook juggernaut is not google and clearly not yahoo!. it is government regulation. with 1.5 billion people, this awesome power they have this perceived to be steering people directions the government isn't happy with, that is a no is a no stars in the department of justice. he made very aware of that understanding a lot of money. maria: what is all this talk
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about disney? piker like sheryl sandberg to be his successor. had she sent anything about this? obviously not. >> no comments. yesterday it was focused on making money. dagen: i can imagine they would occur given the nature of that business for its programming, film and amusement parks, those are the key elements. i think it takes a very -- maria: interesting to hear bob piker. >> think about what makes disney magic as they make incredible content. facebook, the content is from the users and it's more about how you monetize what users provide you. it's a very different business model and i think it would be dangerous for them to go down that path. dagen: the guy who is going to succeed rob aker didn't have the
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content experience. maria: thank you. surveillance video capturing what some may call a miracle. the pilot and a fiery plane crash blocks away alive. take a look at this. nfl teams select team to prepare their first-round college draft picks. the little-known new york school could do the show. he will join us live in the program in 10 minutes. you don't want to miss this. back in a moment.
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trying to welcome back. remember the white house fence jumper after an increasing number of attempts to breach security, secret service is proposing a tolerant stronger white house fence. cheryl casone with the details. transfer seems like you got to jump around thing with the music. there's a whole quote, a federal official quote good society fence jumpers out there. they want a new fence five feet higher, more than 11 feet tall covered include anticrime features and intrusion detection technology. no word how much it will cost with the secret service hopes to get agreement on the project by 20 team. mcdonald's is testing recipes for chicken mcnuggets. the company says it's testing what it calls a simpler recipe
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in 140 restaurants in oregon and washington. mcdonald's isn't saying what the specific ingredients are, but the recipe is something parents can feel good about. the company does think that it's tested in portland don't contain any artificial preservatives. we are going to make think that it's healthier. whatever. a story of survival hard to believe. a plane crashed in alabama. security footage catches the crash hasn't happened. amazingly, the pilot walked away from this. the security camera captured the plane crashing. the whole aircraft is out. it is on fire. witnesses run in and told the guy out. he was the only one on the plane. not only did he walk away, he didn't even bother to go to the hospital after that. they are looking into what caused the crash. >> for acs, this is the time you can believe in god.
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maria: wow. thank you. still in the headlines. an offensive lineman from a little known new york toll might be the most interesting man in this year's nfl draft. you have maybe been asked. high school football star brandon reece from gilbert arizona mailing a 76-yard field goal. the high school recruit get one from 72 yards out. ♪
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welcome back to the annual nfl college draft kicks off tonight in two high-profile quarterbacks expected to be among the first two banks. philadelphia eagles in los angeles brands trading away features for a shot at north dakota state per wins. it is still a brown prospect from a city school with ties to nfl legend than on party who actually could be the most interesting man in the draft right now. joining me is lineman in perspective.err, garrett mayweather. also joining us this coastal pfizer pfizer ceo rich ben getty. around jared max. good to see you. congratulations. let's start with your goals. football in madison.
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>> yes, ma'am. i was a premed student. i'm finishing up this may on the 21st. but i've always wanted to be a doctor. i wanted to go in orthopedics. i wonder could've meant potentially impossibly be a team doctor to stay around the sport and stuff like that. in the last few years i've been blessed with the opportunity to elongate my football career as well. i've been picking up steam the last few years in the football field, playing pretty well. and actually now probably on an nfl roster this time next year. maria: medical school football. medical school football. let me ask you about the draft. tell us how you first saw this round playing out and your observations here. >> well, let me first start off by saying that the former office of wine and am very impressed by
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that young man and i would love to see him hit the tennis racket like they say he's got game. that's one of the things that have stood press office cab and gm's out there. been out here, the whole buzz inside whole buzz is obviously the two quarterbacks which i got to spend time with last night and everyone is trying to make a deal to get up and get the money back from ohio state. you know, you might see a couple of 13 straight their futures to go up in the slot to go get this player. >> in the nfl draft we see this on a regular basis. the trading up to get a number one pick. but it's an untruth in talent essentially. football more than any other sport that we follow in the states, the greatest between college and the pros are bigger, faster, stronger. the game picks. we were chatting the other day.
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in the nfl, we have 16 hall of famers who are free agents, didn't even get drafted into the nfl. how important is it to get there early first-round pick aside from the money? >> when it comes down to a tonight aged -- it is tough going through the process because no one who's gone through it have any experience in a. he's just basically with tell me, you know, the work isn't done on draft day. it's done after draft day. before leading up to and after you still have to make the team, put in the work to make the transition. such may be the first round, second round, third-round guys have been easier. anything after that you are fighting for a spot. if you get there and show you are better come as you are
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attractive, teams have no problem finding new and cutting the other guys. it really is -- it is a game that you really have to show what you've got improve yourself. maria: i want to ask big daddy, tell derek what he needs to do to make the transition from college to the pros. particularly in the preseason. >> well, the more you can do, the better chances you have of making the team. obviously, we all know he's smart enough. he's probably smarter than half the coaching staff. each the more you can do, the more people see you. let's say you go to one team and maybe they don't have room for
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you but everyone else is watching this film so you may start off a teammate and all the sudden tv is going wow, this guy can do this, they send this and he's available. let's take it. maria: what is more nerve-racking, and that score this process. >> the process isn't so nerve-racking. my personality is to take things as they come. i don't like stress enough over things that i feel don't need to be really stressed out about. working as hard as i can. dagen: is that the southerner in you? i'll tell you what i'm more nervous about. we were talking about this before. my tennis match of one of my professors for what i hear coming he's a good player. >> were just talking in the green room. the thought of confession is impossible to not talk about football today without talking about concussions. you had one good we were
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chatting about the idea of leather helmets. seems such a far-fetched concept. if you are a helmet on the football field, how would you play differently? you said it's all about preparation. >> i definitely think myself along with almost any other football player would be much more costly play began, a lot more slower without the barrier protection. but like i said earlier, a lot about technique. playing with good techniques to limit late july that the say so. >> he would not have the right coach and i'm not. my parents will say jerry, be careful on the road. they say i'm not worried about you. it's everybody else. how do you balance that? >> it's definitely tough because
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the kind of kicked nowadays especially starting now they are picking up the technique. you have to do certified and trained through an organization to be able to teach these young kids to play football. in the coming years it's gotten a lot better. you just don't see them anymore. i think it's getting a lot better. maria: amazing. congratulations to you. we will be watching your career. a close
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♪ action flo cut! can i get a smoothie, please? ooh! they got smoothies? for me.
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maria: good thursday morning. i am maria bartiromo. your top stories right now 8:00 a.m. on the east coast to ted cruz taste a drastic step to the republican nomination. he picks carly fiorina as his running mate yesterday. they explain why they're keeping up. trump slams the announcement. >> carlie respects the constitution and the bill of rights and she understands the threats facing america. >> site is about far more than ted cruz and carly fiorina. they all say it's over. donald trump on. but it isn't over.
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>> i think it's really a waste of time. [cheers and applause] it should be over. maria: we will look at whether i'll help or hurt cruz. the candidates are already working on transition plans into the white house. an inside look at how that process takes place. it's been three years since edward snowden has made waves at the first trail for the movie is out. when it comes to home prices, in seattle than in san francisco. the state of the housing market this hour. a lot of merger today to tell you about. abbott labs acquiring jude medical at $25 billion. will we see more deals ahead? we are taking a closer look at the m&a landscape. the bank of japan unexpectedly not added any stimulus at the meeting this morning. the nikkei tumbled three and two thirds% on the news.
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the suppressed negative move rippling across the world. looking at europe, declined to 1% and european markets as you can be fair. market down 1.5%. the u.s. expecting a lower opening broader averages. investors reading on gdp. expectation of six tenths of a percent of gdp. already looking at weakness for the dow industrial to open 150 points at the open. all of that in the program. turner me for that, dagen mcdowell. riverfront investment group cio at chairman michael jones. great show so far you guys did ted cruz to shake up the 2016 raise financing rival carly fiorina. like bourbon with the details. reporter: good morning to you. this one described by many as they hail carly. announcing yesterday should he become the republican nominee, carly fiorina would he have says
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presidential nominee. ted cruz wrote out his running mate in an immediate today. he said in part now is the time to do so because he feels the republican race is headed to a can of said convention. -- contested convention. >> he can't win. what is he doing picking vice presidents? he has no path to the jury. the best expression. >> .of course, donald trump was pretty much unimpressed yesterday. this comes after the landslide victory from trump and five morse dates. try pointing out that cruz is mathematically eliminated from the ballot and backout tweaking again this morning. here's what he sent out a little while ago. lying ted cruz who could never beat hillary clinton and has no path to victory is chosen a vp candidate who failed badly and her own effort.
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trump clearly questioning the timing and all this good year. maria: thanks so much. the "washington times" political columnist and contributor tammy bruce and democratic strategists , good to see you both. maria: carly fiorina in the ted cruz. >> i love it. she was one of my early favorites. indiana is ground zero. they've got to deliver. ted cruz on the cover of "usa today" on the cover of "the wall street journal." trump was having a sworn policy speech in a late ted cruz is the one that news is also covering. a very smart move. will it be enough that we will find out next tuesday? i think perhaps not. an emotional moment to see hats. they imagine him now as president, as a nominee. when you stand with the vice president, mr. cruz needs people to say he looks like he could be
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president, too. it's a psychological shift that people authority made about mr. trump. maria: you said it probably is too little too late. >> i'm not sure, what does carly bring outside of today's news. >> when he watches the announcement i needed mr. cruz for a bit. when mrs. carly fiorina came on it was fascinating. she has an energy. she desperate crowds. the been three different places today. i think she brings an energy of the payment in vienna. she brings a different approach and argument. it does look more presidential. she reconfirms his out that her status because trump is saying it is cruz and hillary. >> it's clear you are a carly fan because i see it the exact opposite way. >> are they going to respond to
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her as much as the emotional moment of. this is a genuine alternative to what people say it's an automatic given. maybe it's not over. that is what it brings now. later on issue great debater. will she respond to things that mr. cruz walked as well. maria: she certainly was aggressive in calling out hillary answered things. >> is only one problem with that. she has to get by with ted cruz before they get to hillary. i agree with george at. this is an online too little too late, two losers out trumped by tribe. however you want to see it, i see this as a desperation play that is much more likely to fail than to succeed. i agree with you against them some press. dagen: in an election season that's been driven by the vista road with the two of them stand next to one another, i see
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individuals who have to work to manufacture. if i was picking someone to run with, it's not just what you bring. are you a check, can you bring a swing state, but how are you a counterpoint to my personality. i thought that was one of the things that was off. >> report sorry they get along extremely well where he bonded with her was when he asked about the national enquirer's tory but if there's good she came in and really defended him while they took on the edge off of that. these are the kinds of things if you look for someone he could trust, gets along well with. i feel mr. trump is going to be that her. i think he will go into the convention with the number of delegates. you have to give them credit because he wants it, he's hungry for it. people want to help this country. >> one of the more awkward
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moments yesterday during the announcement, carly expressed how she's gotten to know the cruz family over the past few weeks. she even sang a song to his daughters. ♪ >> i know two girls that i just adore. i'm so happy i can see them more. as we traveled the bus all day, we get to play. ♪ >> i like her, but that's embarrassing. maria: you think so? she was singing to his daughters. >> this is supposed to be bringing it back to the candidacy. >> what office has she ever held? >> she hasn't. that the point. ultimately she's hurt by this. dagen: the fact is people want something different. we as critics involved in this
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dynamic are looking up the press in a different way. the american people don't want what was before. >> she's not different. she has been running and losing. what's different about her? >> she's also that timing. despite president reagan's 76 push. timing is everything. when you deal with the dynamic for the american people will give the establishment a try, you will not win as an outsider. when you are in the own it now, she had a lot of gravitas in that speech. that went over very well when she did it on a late-night tv show. dagen: i thought she could get away with it a little bit here. it was a little weird. she did it on late night and sing a song about her dogs, which we can appreciate. >> that would've been different. >> you sort of understand why this doesn't work in this
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conversation. >> i understand why he did it. ted cruz was looking at the next couple weeks insane if not now, never. i need to do something smart and big. carly fiorina handled herself beautifully during the camp came and i think she spoke articulate. it does appear a little too little, too late. >> this is up to the people of indiana. indiana is do or die and this is the push to make that happen. i'm excited and i think mr. trump is still going to. tonight i just want to ask quickly. they do not pose a little less than six percentage point. such can he whipped it around? >> at this point, ground games were less than they did. everybody knows the candidates. it is a very conservative state. the average republican primary voters much closer ideologically to ted cruz for donald trump.
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it could be a contest, but i don't take it as anything to do. maria: bernie sanders cutting his staff. is it over? >> about one thing now. one thing is issues. the other thing that's always given the show, money. if you could raise $46 million a year been on the campaign. maria: we had rubber wolf on yesterday. what does he want for hillary? >> a platform and money. >> not only platform for himself, but he wants to change the platform. the liberal left. >> you guys have a $15 minimum wage from the killing wall street. he wants those things. >> i'm a democrat. he's a socialist to what he wants is completely out of line. >> that's discussed at the convention. thus the problem for hillary. the convention will continue this leftward swing.
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>> raising $40 million a month and you keep it. they will come and kneel in order get that money. maria: he's incredibly successful. he took a bite out of hillary's machine. dagen: and it's got rosario dawson who is a looker. maria: she sure is. still to come, the story of edward snowden. the first trailer out. forget marathons and triathlons. a new study says one minute of exercise is all you need. really? awesome, i am in. cool. ♪
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jessica alba the honest company hit with a new lawsuit. the nonprofit group filing a lawsuit in august by late the organic foods production act by claiming its premium formula is organic. it contains 11 synthetic subs is prohibited under federal law and organic products that lawsuits have been filed against with the sunscreen and cleaning product. the first trailer of snowden has been released. the olivers toward weeks course documents about the national security agency surveillance program. take a look. >> how is this all possible? think of it as a google search. we are looking at everything. e-mail, chat, whatever. cheryl: edward snowden is a hot guy with the hot girlfriend and i'm sure it totally true.
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to movie hits theaters on september 16. i could not resist or to watch the trailer. no time to exercise. 60 seconds of strenuous exertion may have the same benefits of 45 minute of moderate exercise. the late author says brief periods of intense exercise a remarkably effective, otherwise known as intervals, people. a quick lap around the block. i'm out of here. maria: thank you. time does not mean more than money to cooper. they could penalize you for showing up late. just this morning, announcing it would require state jude medical. we are taking a look at mma. where will the deals happen next. back in a minute. ♪ (gasp) shark diving!
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maria: more merger committee on wall street. abbott labs announcing it will acquire st. jude medical in a cash and stock deal at $25 billion. drug maker acquired a private oncology company in another deal $5.8 billion deal. my next guess is we'll see more activity. america's vice chairman of transaction advisory is very good to see you. thanks for joining us. you are seeing dealmaking continued. that is where we left off in 2010, the health care that the area you think will continue to see justin what's behind this should mark the mad cow scare has some room to go. the whole internet of things
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come the convergence technology around patient, companies, particularly drug industry, there continues to be a significant night committee between life sciences, health care, pharma companies. the figures tories is the m&a market today has a lot of room to grow. a lot of people seem to thought compared to the prior year. the contextualize the last five years a strong first-quarter start compared to every of the year for last year. seven deals over 10 billion times in 10 billion times in the first quarter going back to 2012 as they often the prior year first quarter. the golden state warriors would we have been disappointed if they only want 69 or 70. maria: what is the reason for it? we talked the last time you were on about this low growth story. when you don't have a lot of growth, you acquire growth. he might have totally. there's a massive amount of capital out there. the debt market turning to recover this first quarter.
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think about the disruption of the debt market out of the last couple months to 15 into the first quarter starting turnaround. that had an impact on dealmaking in this turning to improve. slow growth of a massive amount of capital, zero cost of borrowing in the theater end of the day, other fact is impact positively. the strong dollar makes it easy for you as companies to buy hoover's use. activism continues to increase. and the chinese been in this market is a new phenomenon. dagen: borrowing rate is so low in japan or japanese companies are in the u.s. >> no growth in japan at all. their economic opportunities are not good at home. they have a tremendous amount of capital and strong companies that need to stay competitive globally. geopolitical and cross-border activity will see a driver over the next couple years. i think it's strong because of growth. the stock market has rewarded the committee.
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the share price trades up on the day of an acquisition. but companies have gotten very good at turning energy and transactions that they make these deals for shareholders. what else are they going to do with excess capital. >> you made a very important point. we tend to focus so much on the equity markets, but the bond markets were in real disarray earlier this year. boosting credit spreads tighten an awful lot in the last six to eight weeks to how much of a driver do you think that is confusing because the bond market is so much healthier that can get the stock market higher through this m&a activity. >> i think that is a big reason the m&a slowed a little bit in the last four or five months, particularly transactions with leverage markets run away from. we see an improvement in high yield and i think we seem to settle in the city volatility over the last four or five
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months. who would've thought that would've happened. they been gyrating for five months. that introduces a level of uncertainty that makes ceos cautious. it returns to high yield and tightening spread your diaper is confident back which is a critical component to dealmaking. >> with recorders burn is being done, how does that affect us? >> with lower topline growth to partner with the slowing global economy, when you have a massive amount of capital sitting idle, it plays into the m&a boom and allows it to keep running particularly given how positively shareholders and equity markets have it over the last three years. >> this deal and medical devices which has been exempt from the scrutiny of the pharmaceutical mergers have been under, do you think medical devices or more with a consolidation happens in health care or d.c. of branching out beyond that. maria: one of the issues is tax and obamacare. >> at strongest part of the
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health care life sciences. the convergence of technology, internet of things about us getting connected in one or two things. we are experiencing investor revolution. we are in the very early stages and companies will look at alliances, joint ventures and m&a to be a bigger player. maria: good to see you. thanks so much. up next, gdp is out in four minutes. emergency preparedness. president obamacare enough to leave the white house and hand over the reins to the next president. before we take a break, look at the spectacular video of the solar flare released by nasa. the video captured in several wavelengths of extreme ultraviolet light gives a rare glimpse into the blazing sun. really fascinating. back in a minute. ♪
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...
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>> welcome back this thursday morning, everybody, i'm maria bartiromo. it's thursday, april 28th. your top stories right now 8:30 a.m. on the east coast. ted cruz taking a drastic step to block donald trump's nomination by picking carly fiorina as his running mate. trump slammed the move, but giving a speech on foreign policy.
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>> it's time to shake the rust off america's foreign policy. under a trump administration, no american citizen will ever again feel that their needs come second to the citizens of a foreign country. >> the presidential nominee is not officially, but they're working on plans for the white house. we'll have an inside look how that takes place. and uberusers show up or pay up, making your uber driver wait could cost you money. the most expensive listing in new york city ahead. six days to take care of your dog. it's becoming more popular. we'll tell you about it. markets this morning, the gdp regents coming in, a growth of 1/2 of 1% in the first quarter. up 5/10 of a percent, we get
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the news for the first quarter gdp right now. up 1/2 of a percent, 5/10 of a percent. your reaction to this number, michael jones? >> everybody expected the first quarter to be relatively disappointing. relative collapse earlier this the segment, with corporate spreads widening out, there was a lot of activity that couldn't happen with the credit markets in disarray, so, i think the markets are probably likely to look through this number and ask, will the second quarter be an acceleration. maria: it's usually a backward looking number. nonetheless, dagen mcdowell, 5/10 of an about-- of a percent is telling us where we are and it's not great. >> ten years of subpar growth, coming back to washington d.c., have they made it easier to run a business and live your life and keep what you earn, the answer is no and no and no and no. >> and somebody founded a
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business eight years ago, i can tell you no, no, and no, it's hard. maria: what is the hardest part for you as a small business owner, because of the veryingry environment? >> the regulatory environment is incredibly tough. the tax environment is incredibly tough. the amount of cash that has to be drained off. we are the job creation engines of this. >> and access to capital, difficult. dagen: president obama has imposed from the white house more regulations that are significant economically than the prior two presidents who were in there for two terms. more than bill clinton and more than george bush and he's not done yet. he's got a lot of regulations on deck he's trying to pass. maria: just came out with those. >> he uses it as a weapon and going after the allergan pfizer deal, they are using tax regulation essentially as a weapon to stop something they found distasteful that was
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happening because of regulation. maria: so no surprise a we see gdp in the first quarter this morning up 5/10 of a percent. that's where we are right now. >> but we're not talking about recession. maria: no. >> the recession fears have faded. >> jobless claims announced and an absolutely spectacularly good number for jobless claims. maria: up 9,000, yeah. >> so, what we're seeing is a continuation of what we've seen throughout the obama administration, growth is anemic, but it's not recessionary. maria: let's not forget, michael, we're talking about 5/10 of a percent compared to 1.4%. we thought 1.4% was horrible. if you think that 1.4% is horrible, what do you think about 5/10. and power from one president to the left. we last saw it in 2009 when president obama took the reins from george w. bush on january 20th. beneath the surface the transition is rushed, chaotic and can result in a new administration unprepared to
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respond to a national or international emergency. that's where my next guest comes in. he co-sponsored a bill to make sure the next president is able to hit the ground running on his or her first day in office. joining us senator, thank you for being with us. >> good to see you. maria: how does the transition take place. take us behind the curtain, if you will, and tell us how it's seamless for the new person coming in. >> right, well, i got on this in 2008 on the obama-biden transition team, from the period starting about august, there was an underground transition movement put together because all the campaigns had to go underground because they didn't want to look like they were measuring the drapes for the white house and overconfident. the whole, up through 2008 for-- until election day, there was no transition that was-- that you could see on the surface. and then you've got basically
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70 days in which to make a transition from one administration to another administration and in this area, as you said so well, national security and other concerns, you just can't do it in 70 days. so what i did, when i was a senator i put a bill-- and i got a co-sponsor, voinovich, and ed gillespie who ran the republican ticket for governor, chairman of the republican national committee and we got down to brazil, a prominent democrat, and got the bill that said transition is going to start the day after the candidates are picked. so, what happened in 2012 was the romney administration, obama administration, and romney administration put together an incredibly good transition and it was led by again, michael leavitt. what we did is learning from that we passed a bill that's going to make it more seamless that allows the campaign to get started on the transition the day after the convention, it
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gives them space, gives them electronic equipment they need, it gives them the ability to get national security clearance for people. it assigns the administration things to do in order to make it go smoothly. maria: that makes a lot of sense. has the transition already begun, knowing that we don't have the candidates on the other side, but has the obama administration begun to put things in place getting ready for the incoming. >> absolutely, absolutely. the bill that we recently passed that was named for me and michael leavitt, the former governor of utah, also serving the administration, basically says that the administration has to put in place transition teams in every one of their departments. they have to have a head of the transition, it's a step forward from 2012 and we had a meeting last weekend and the people there for the administration mainly to tell the campaigns how they should proceed and what they can proceed with. >> if we think back to 2008, during that sort of lame duck transition period, a lot of
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huge decisions were made. where will authority be as weeping about this, this new transition mechanism you're putting in place. where will the authority be? where will the decision making happen on the major policies put in place during the lame duck period? >> you can't make any policy until you're president of the united states. january 2017 before any person elected to make any major policy actions of any kind. >> but, you're really in the case of that last transition, mike leavitt drove it, as the person you have leading that, would you agree? no, i think that michael did an incredible job. some of the people that argue central of the federal government want to look at the report he turned out on the transition. it's scary when you read his report on how many things have to be done by the new transition when they come in,
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but michael leavitt did a wonderful job putting together-- they had 400 people working on the transition and the beauty of the thing was because of the bill we passed in 2010, they were able to move into government buildings, national security, ap they would have been ready on election day to begin the deal with the policy and all the rest of that being the president of the united states. dagen: senator, have the obama administration met with all the candidates still in the running already? >> no, they put that in place. the meeting we had. it's too early. this meeting we had two weeks ago up in new york, all the different campaigns were represented. there were major officials from the obama administration represented. michael leavitt was there. clay johnson, the chief of staff in the bush administration. lisa brown who is big in the clinton administration and obama administration were there and really, we sat down and knocked out what we should--
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what each one of the campaigns should begin to be doing. maria: and what should they begin to be doing? what's the most important thing in this early hour. >> the most important thing, you put your finger on it, find a michael leavitt to run your transition and to be able to go in and do it. the obama administration, one of the things that george w. bush has to have credit for, they ran an incredible transition. chip owens and those folks. and obama administration is trying to do better than the george bush administration. think about this, this is a piece of legislation that goes into campaigns and transition and passed the house and senate. and i mean, you know, it's like when it comes to this, i'm going to tell you, you would feel good if you were at the meeting. all campaigns are represented
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and during that whole meeting you would have been proud of how well everybody cooperated. at the end of the every one of the campaigns were asked to comment on the meeting and talked about how collegial everyone was because they're operating, trying to make the country a better place. maria: yeah, senator, thank you. senator ted kaufman joining us there. a reason not to let your ub uber wait. what kind of house would you expect for $120 million? in 20 rooms, 12,000 square feet enough? full story, we'll bring you there next. ♪
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♪ there'll be days like this, my mama said ♪ >> well, welcome back, 45 minutes away from the opening bell on a thursday. we are at the lows of the morning right now. a couple of stocks on the move, facebook certainly set to buck the trend. set to open at a new record high after first quarter earnings blew away expectations. active users up. mobile advertising sales up. 1.65 billion users a month and a number of shops this morning, raising price targets on the stock. stock is looking strong. breaking news moments ago. priceline ceo darin houston resigning following an investigation into a personal relationship he had with an employee. and company chairman jeffrey boyd will take over at priceline. >> and we spoke with mark fields, 113% increase in first quarter income compared to the
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year early due to the sales in u.s. and europe, the best ever. and uber meanwhile, testing innovation of its own, a policy that may not be too popular. cheryl casone with that story and more. cheryl: and maria, r you ever late for anything? me, too. and uber will charge if you don't show up within two minutes of when your driver arrived. that's a change from a five minute window before and charging a fee if a customer cancels more than two minutes after calling up. actor will ferrell starring on to sign on as a ronald reagan, the start of his second determine when he falls into dementia. this is sparking a lot of controversy. michael reagan, the eldest son
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of the former president posting a tweet, what an outrage. alzheimer's is not a joke, it kills, you should be ashamed, all of you. on a lighter note, i'm obsessed with, you're looking at the most expensive listing in manhattan. on the east side, the 12,000 square foot co-op, 1600 square foot master bedroom and other bedrooms can be yours for $120 million. >> get out your checkbook. dagen: it's been on the market for years now. if they cut the price they way mant to move it. maria: what do they cut to, 115 million? yeah, cut it in 112. dagen: whose apartment it is. >> and he was a financial guy.
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now we know, okay. maria: a great man, by the way. >> yes, he was. >> i have one more for you, maria. for you and dagen specifically. think about it just for a moment. would you call in sick because your dog is sick? okay. silence. maria: absolutely. ella bella gets stick, who is going to take care. dagen: can we tell a secret about you. if you don't get sleep you're up in the middle of the night walking ella bella. dagen: i would call out sick, i don't have children so that would be a yes. maria: baby's in the house. cheryl: cheryl there's a survey out that shows one third of pet owners called up sick, and lots of other excuses, car problems,
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doctor's appointmentsment two days is average and showed 90% said if your pet is sick it affects your work's performance. maria: and well it should. absolutely. by the way, i hate to bring us back to a bad topic, if you know if you live to 85 years old, one in two people will get alzheimer's. so it's just not-- it's not funny. >> i have a family member 90, it's one of the toughest things i've been through in my life. and there's nothing funny about this. dagen: and the plot of that, it's ronald reagan and they have somebody who has to convince him to play the president. i find that offensive. >> 85 years old, one in two people, come on, guys. seattle faces high home prices and could be the next housing bubble. we'll talk about trends in real estate. back in a minute. ♪
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>> welcome back. home prices in the seattle metro area up 11%, twice the national rate according to the latest s&p case-shiller report. the city is on track to become the next san francisco, the wall street journal reports. and joining us, mitch, good to see you. >> thanks, maria. maria: you're looking at real estate trends across the country and i want to ask about seattle. why is seattle so hot and is that sustainable? >> good question. i think it might not be sustainable. it's a one industry town, so the sustainability is concerned. seattle is different from san
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francisco which has got more diversity. so i worry about headwinds in that industry cause ago problem. maria: so prices are going up and the supply is what, more demand and less supply from seattle? >> kids are graduating from college and they can find jobs there. that's the demand side. the supply, it's expensive and not affordable for the kids. maria: i see. how does seattle compare to the rest of the country? >> seattle is pricey, twice the supply challenge around the country, but it's really, really interesting is the median house price is still 231. when seattle is at 4 something, new york we've talked about before, a million-two so it's a challenge if you want to be a first time home buyer to find product. maria: let's talk about new york for a second. average 1.2. >> 1.2 is the average high-- that's five boroughs and
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manhattan is driving up the average. maria: gotcha. is there a high end supply in new york? >> the high end supply is sort of overdeveloped. the low end is not available. if you're living in when is chester and you're a first time home buyer, you can't find one. four or five months supply in the market is not enough. and what happens, app buying, and they're running to it and bidding above asking price. maria: they're getting their price. the sellers market. >> sellers getting the price and buyers can't find a house. maria: would you recommend people to wait before buying a house. >> in a period of rising pric prices. maria: time the market? >> i'm a real estate guy, i've
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never timed the market. there are three a's, affordability, availability and then appraisal which if we have time. availability is a challenge because if there's no product on the market and you bid a house, bidding up the house to buy it and appraisal, people are paying above asking price, the appraisal may come in lower and you may find yourself not getting the financing. maria: isn't it hard to get financing? getting a mortgage right now has become difficult. >> it's real underwriting standards and they go down to the appraisal. so, it used to be that they would talk transactions that haven't closed yet and bake them into the appraisal and they're not doing that. now you have to look at closed transactions. if you're bidding above asking price you're not going to get the financing you want. maria: when you see the economy, 5 to 10% gdp today. are you thinking that the market is poised to soften. >> we're forming households
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ahead of the amount of the supply that we're creating. real estate is fine and driven by jobs, we're creating job, i don't think the real estate market is that tied to gdp, it's more tied to the job market. >> great advice as always. final thoughts from our all-star panel after this. bus. so strap yourselves in for action flo! small business edition. oh, no! i'm up to my neck in operating costs! i'll save the day! for plumbers and bakers and scapers of lawn, she's got customized coverage you can count on. you chipped my birdbath! now you're gonna pay! not so fast! i cover more than just cars and trucks. ♪ action flo did somebody say "insurance"? children: flo! ♪ action flo cut! can i get a smoothie, please? ooh! they got smoothies? for me. ooh! they got smoothies? we'll be with you shortly.. yeah right... xerox predictive analytics help companies provide a better and faster customer experience. hello mr. kent. can i rebook your flight? i'm here! customer care can work better.
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>> great show today. final thoughts?
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>> for all of those republicans wishing for a contested convention, buck up. it doesn't look like it's going to happen. maria: you think that donald trump will be. >> yes. maria: will he beat hillary? >> i hope so. maria: final thoughts, michael. >> a grim gdp report, disposable household income is up 3% probably the best since the recession. consumers didn't spend it for obvious reasons, a lot of volatility in the stock market and economy, but that's building a better base for growth. maria: i agree. they've been saving their money and when sentiments change the stuff coming off the shelf. dagen: i will speak to the remaining presidential candidates from broadcast news, wouldn't it be if insecurity and desperation made us more attractive. it's not sadly. i'll leave it at that.
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[laughter] >> i didn't name names. maria: that will do it for us. great show today. see you tomorrow, everybody. dagen, georgette, michael jones. "varney & company" coming up, stuart, take it away. stuart: i'll take it. bad news on the economy and bad news for hillary, but what a great day for facebook stock holders. good morning, everyone. almost a dead stop, that's the state of the economy. see the graphic. the obama economy is on a down turn that may point to recession. that's not good for hillary clinton, she's tied to the failed policies. at facebook wild success. huge profit, 200 million new users and a stock price that's going straight up. how different for microsoft, google, twitter.

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