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tv   Mornings With Maria Bartiromo  FOX Business  March 27, 2018 6:00am-9:00am EDT

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poisoning of a former spy in britain. the largest explosion differ match in u.s. history with allergic expulsion the history of the transatlantic alliance. it sends a very clear message to russian government. with the united states and our allies will stand behind an ally like the united kingdom when it's under attack. >> escalating tensions for moscow coming up this morning. the suspicious packages with possible looks plosive components were sent to a half dozen military installations. across the dcr yesterday. we break down the possible security threats coming up. facebook under pressure continues. probing the company's data practices. attorneys general of 37 states investigating its privacy policies on top of the intel committee chairman yesterday telling me he's investigating. the latest is mark zuckerberg is
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among several technology leaders invited to testify on capitol hill. governor verizon hitting the brakes on uber. details of the orders of self driving cars off of the road. all the stories coming up tuesday morning. join us to talk about his dagen mcdowell, carol sander in the hill contributor at a white text the author, kristen tate as it does. great to see you. it's been a great to see you. dagen: good morning. we like good news. but it shows you how erratic and nervous investors are right now that they are attributing this huge bounce back in stocks to literally a report that chinese tensions are easing between the united states and china. maria: look avoid a big selloff. the 700-point decline earlier. so some of that possibly just come back from the selloff. but you're right, it the ideas
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the u.s. and china have been working on this behind the scenes was really celebrated and could've been overdone. dagen: we do. we like good news. these tariffs were never meant to be a long-term political policy, just a short-term tool and now we see obviously china perhaps owing to negotiated. the market overreacted last week. maria: i think you're right. it was all about china. the aluminum is deal terrorist event the smoke before the big deal which was china. dagen: by the way, people always criticize me for having my phone. i am reading again the dallas manufacturing report yesterday from the federal reserve. maria: which was pretty good. dagen: if you read the comments because i am a huge nerd, they get into deep concerns about terrorists. maria: let's talk about that.
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coming up, joining the conversation, commerce secretary wilbur ross this morning. ftc chairman of george washington university law professor william cole stick is here. german defense economic minister keith t. gutenberg joins us again. and mohammed alger don. fox news strategic analyst jockeying is with us as well. the ceo and chairman lisa davis davis with us as well. big program ahead. we stay right here with the big rally. u.s. stocks surge yesterday. a major day of wall street painted out 659 points at the close. either way, it all started after "the wall street journal" yesterday reported that the u.s. and china are in quiet negotiations to expand the number of u.s. companies access to chinese markets. this has been the issue for american business for a long time. features indicate the gains continue up 160 points on the dow up another 18 on s&p in the
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not back up 7225 points. better than 1%. scabrous capital portfolio manager trey chiesa p. good to see you. would you buy into the market? >> at the end of your stocks will be hired in missouri today in higher than they started. you hit on a lot of key points. since trump was elected, the good trump has been about tax reform and the bad trump about protectionism and tariffs and other nonmarket policies like intervene at&t and time warner for james. what we saw was a clear concern over tariffs and what impact that would have on gdp. but investors have focused on all about his perhaps there is a positive outcome here were ultimately this is a negotiating ploy to gain more access to chinese markets, so no one has discussed broadly that you can increase earnings or revenue getting access to chinese
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markets. no one is saying that if the outcome, but if you can avoid a full-blown trade war the markets bounced back. maria: everybody gets that particularly in financial industries that they are just a no go. you're not even allowed the government won't allow you 49% stake. so i wonder if that will in fact see that. >> let's not get carried away. how much damage will tariffs and protectionism ultimately do? time and time again, markets, prognosticators include the jump administrations of b- the endgame when in fact it started the negotiation. >> short-term we see the markets bounced back initiate use, but in the long term, how does the effect of the trust of the chinese buildup there an advanced manufacturing innovative technology become less reliant in the u.s.? even the short-term access to china can hide that compromised
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long-term? maria: with america when a percent. >> i don't understand the question in terms of their capacity. >> a lot of the issue is how much will china spend buying u.s. chips. in the meantime they are increasing manufacturing capacity for chips domestically. i guess what i'm saying is if we continue to have the trade war, do you think it's a negotiation tactic in the short-term, how will this affect her mid-to long-term situation with china as they need us less? >> look, let's not be delusional. mercantilism is a isn't going away and china anytime soon. the point is when you start out with a market assumption that any discussion of tariffs is going to be an extremely negative outcome and that gets peeled back to it might be less negative and if we get more access to chinese markets that could be a slight positive comment that explains fundamentally why markets rallied back yesterday. in terms of medium to long term,
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we are the two largest in the world. we have to figure out how we can coexist equally. from a political standpoint in the u.s., and it is critically important that the red part of the country does not continue to feel like they're getting the shaft by trade agreements, which has been the fall of both political parties. transfer the federal reserve manufacturing did fall month over month and came up short of exit haitians yesterday. if you read in the commentary, because i'm a loser, that's what i do. you read the comments from these businesses. the primary metal manufacturing, and the steel tariffs are a real concern for petroleum and cold products, the recent steel tariff could severely impact their business. they are worried about when they go away, when they show up, are they going to have trouble sourcing what they paid for steel and aluminum? that is the kind of uncertainty you want to try to avoid.
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>> look, a much smaller scale, but a similar disruption to obamacare. when you ask economists about the impact of obamacare, it's hard to get a number but they don't focus on the disruption of business at ud. same could be argued for tariffs. he started out with a more sweeping inclusion of countries that now that's been lost. dagen: that is my point that you would make the announcement to all these businesses in the united states that use steel as a consumer, sitting around going what is going to happen? price is kevin supplies. >> economically, no i cannot your protectionism is a net benefit to global growth. however, remember the big picture political landscape for voters basically said we looked at the trade agreements we've had for 20, 30 years. globalization benefited the elite that hasn't benefited the average worker whose wages have stagnated. the status quo can't hold. we might all disagree with the
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techniques used are the aggressive posturing, but at the end of the day he meets a movement to satisfy the american electorate. turning to we want to get your expertise and market. earnings in two weeks. banks reporting their first quarter in the next couple weeks and then you've got obviously a leak out of the federal reserve. how are you allocating money right now? >> we are focused on regional community banks where you have been improving credit quality due to a strong economy. on top of that you have fed rate increases which helped net interest margins in some cases, particularly those with low deposit rates. you have a massive tailwind of regulatory relief, which is the way the administration interprets existing law. and now you finally have bipartisan legislative changes, which are one of the only things in d.c. you get bipartisan consensus on. we don't need things to improve here that have a decent return
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but if we give legislative reforms you have even more upset and not looks promising. true to the quarter and 50 or do you expect in the end of positioning and market that you must talk about in terms of how the market trades? >> to one conclusion we've all discussed its this volatility is higher this year. it looks like we're in a strong close for the month. we don't think investors should chase the rally, but they should think about allocating alternatives to decrease risk of a particular the bottom part of the portfolio. >> facebook is gotten hit pretty hard in the last 24 hours. a lot of the focus has been on cambridge analytica and one of of companies harvesting data from facebook and others. whether they are their tech companies d.c. getting had his regulatory frameworks move forward. >> let's not forget they are proving facebook. reeling from this scandal. we've been talking about this for a long time on this program
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at the regulatory environment is about to be had. >> 100%. right now so far amazon has been fairly resilient. however, as you look at issues on taxing their sales at the state level and others, but as one company that could get hitters to get more regulatory push back. google are off about could be pushed back. the broader point here is tech has outperformed so dramatically for good reason, but the momentum has been so high you finally see the break. >> data issue is that break. >> facebook is right in the crosshairs from a political endpoint, but they are not the only one. the way markets work as fundamentals improve, people buy it and they buy more. get tons of momentum in something is overrun. did you get to see change in the thesis, which is political risk. you start to see that you find that causes investors to take it
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upon themselves. we just advised investors to think about lightening up on tech. maria: have you been lighting up on tech? >> for quite some time. to be fair, we don't have a dog in the fight in terms of reducing exposure because we are not a high data shot. if you make a profit that son of god time to rotate profit. maria: three -- dagen: when you see mark zuckerberg not even showing up at the employee meeting last week and he goes on tv. if you're the average investor company step back and go you've been manipulating people's data are allowing these developers to do it for literally a decade. not really cracking down on it. you are a horrible communicator. how does that not give you pause? by the way, not steve jobs. maria: steve jobs spoke at a privacy conference back in 2010.
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ankur, let's get your take on this. mark zuckerberg was in attendance. >> people know what they are signing up for in plain english and repeatedly. that is what it means. i'm an optimist. i believe people are smart and some people want to share more data. ask them. ask them every time. they can tell you to stop asking them if they get tired of you asking. let them know precisely what you are going to do with their data. maria: that's exactly what they didn't do because you basically have to opt-out of it rather than being nasty letter show your data. >> the biggest problem is again all the focus has been on cambridge analytica. dagen: not on this program. let's talk about cloud. this has gone on over and over
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again. >> the thing that's really scary stake of 50 million people's data. other companies have been harvesting millions of finance, so they have exponentially -- the data is out there now. maria: thank you so much. we will be right back. are finding themselves morin a chevroletple for the first time. trying something new can be exciting. empowering. downright exhilarating. see for yourself why chevrolet is the most awarded and fastest growing brand,
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the maria: welcome back. another blow to train and car testing. cheryl with headlines.
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>> maria, good morning. arizona governor debussy once welcomed the self driving technology has suspended the company's ability to test the cars after the fatal crash of a self driving uber that struck a pedestrian walking her back across the street outside of the sidewalk. public roads in tempe also in san francisco, pittsburgh and toronto. it is unclear when or if they can resume testing in arizona. a major health care deal to tell you about. paid $13 million for 36 by 5% stake in their consumer health care joint venture. this comes as discontinued to reshape the health care industry in general. three years ago the actually joined forces. shares higher in the premarket right now. shares down 6% year to date. that is the chart you're looking at right now.
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other big news this morning. deutsche bank reportedly looking for a new chief executive. the bank's board is seeking to replace the el john crying over concerns are with the bank's future in worries about his performance. the bank has approached richard mann, senior executive of goldman sachs. he would possibly take on his role u.s. than two years into his tenure. baker is on the street treated pretty well last year. the average bonus, more than $180,000 in 2017. in fact, bonuses totaled 3,127,000,000,000 up 17% from the year prior. bank stocks bounced back last year thanks to prospects of rising interest rates, faster growth coming deregulation and override the trading. that is helping the bankers get some cash back in their pocket. trader joe's store crackdown. 30 countries expel russian
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diplomat. the message in russia's reaction right after this. looks like another strong day for markets indicating better than 100 points on top of the 600 plus rally yesterday. we will be back right here. ♪ how do you win at business? stay at la quinta. where we're changing with stylish make-overs. then at your next meeting, set your seat height to its maximum level.
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leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. maria: welcome back to california's attorney general says the state plans to sue the trump administration over a decision by the commerce department to include a question about citizenship status in the 2020s senses. the commerce department is the question of determining violations of the voting rights
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act. the department also note the citizenship question was asked on the senses from 1820 uber 1950. joining us to weigh in from washington, the editor-in-chief of axioms, nick johnson. he citizenship questionnaire and he appears as an american survey every year. is this any different russian mark >> you are hitting on all the exact point does a question that's been asked before and the other census survey they asked separate from the senses of every decade. it really speaks to the polarized nature of immigration politics in this country right now. the question being added to these forms to help immigrants coming to make sure the voting rights act is he so suspiciously by the other side deletes immediately to lawsuits. they don't talk to each other in these issues, immigration particularly. maria: i know why people within the senses bureau would not want that question on there. because that makes it difficult
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to actually, immigrants whether legal or not, if they think they are coming into their homes or contact them for other reasons other than just counting them. it actually gets in the way of god. i know that with the household survey because the census bureau does the household survey for the unemployment rate, they have a real problem counting in the grand in this country because a lot of people won't respond to them, even if they are in the country legally. that's the argument for keeping the question off. >> that's exactly the level of suspicion. those are 70 years or just the way these are happening, and increasing the portion of law, suspicion on both sides of the debate in our view that kind of way. >> california doesn't want to follow the law. let's face it. orange county, california friday in the sanctuary laws. one week after the city of los
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alamitos voted to opt-out of the policy, which is aimed at protecting illegal immigrant from deportations as i can assurance department if they can do with the states of inmates publicly available online, including those in the country illegally. your thought here. >> california is completely out of control. what a lot of people don't realize is the cities are very blue. the rest of the country is deep red and they are fed up with what is going on between 2010 and 2015 they lost tens of millions of people. most of these folks moved to texas. i am just wondering if all of this is going on is going to increase the exodus we are already seeing because so many people in rural parts of the state are fed up. do you think we will see an increase ed? >> this is the magic of federalism. the states can respond in different ways. some people vote with their feet. if you're a big fan of immigration, you should move to
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california in their arguments to be made for leaving. most of these get back to the level of distrust is the suing each other in court of fighting over these things because of the level of distrust. dagen: one of the reasons they are upset with the omnibus spending bill the president dined the republicans passed is because congress has the power of the person could withhold funding and attach strings for sanctuary cities, even a sanctuary state that didn't happen. that was one of the things they've done what we know about this monstrosity so far. true to the president will back their funding. dagen: ultimately it is up to the congress to use those guidelines outright. >> you can really change. dagen: they could've done it in this bill they didn't do it. >> there's no way democrats would've gone along. maria: there you go. really good point.
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nick johnson air. later on in the program i'll be talking with wilbur ross about the 2020s senses that is coming up in the program. we will get his take on why they want the question in there. when we come back, a new warning about a second round of the flu going on right now. what you need to know. a rough start to the year for general electric. and it just the way it started, weak. it sunk to a new low. eric is under third team. back in a moment. ♪ pssst. what? i switched to geico and got more. more savings on car insurance? a-ha. and an award-winning mobile app. that is more. oh, there's more. mobile id cards, emergency roadside service...
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maria: welcome back, good tuesday morning, everybody, thanks so much for joining us, i'm maria bartiromo, happy tuesday, it is tuesday march 27th, your top stories right now 6:30 a.m. on the east coast. stock soared on wall street yesterday and the momentum continues this morning easing fears of a trade war drove gains of 2 and a half percent across the board. check it out. dow industrials up almost 3% yesterday. third largest point gain ever. the markets are higher this morning, nasdaq yesterday up three and a quarter percent, futures look like this this morning. dow joans expected to be up 125 points this morning and nasdaq up 60 points. that's 1%. checking global action, european
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and asia markets are higher across the board. cac quarante is up 1 and a half per can he be the and dax index up 2% and in asia overnight, markets followed the u.s., best performer was japan. taking action on russia, u.s. among several countries expelling russian diplomats over poisoning of former british spy. >> with these actions the united states along with allies and partners make clear to russia that its actions have consequences. the bonds between our people remain strong, the united states is ready to cooperate and forge a better relationship between our two countries, but that will only be possible when russia chooses to become a more responsible partner. maria: ambassador john huntsman. plus heros targeted. several explosives sent to military locations throughout washington, d.c.
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we will have the very latest. civil rights activist, linda brown, brown versus education. this morning we take a look back at the her legacy. trading at the lowest levels since 2009, the stock is now at 1289 a share, down a third percent. what's behind the move, coming up. investors running out of patience with tesla, the stock is up 3% but the automaker signed new deal with electric semitrucks. first top stories north korea back towards diplomacy, growing speculation that kim jong un is visiting china right now after a mysterious train pulled into beijing, resembles the old-styled locomotives used by his father. however, neither nation has
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confirmed the visit, a lot more to talk senior analyst, thanks so much for joining us this morning. why the leader of the hermit kingdom would take such a secretive trip. >> let's speculate and say he's there because there's no confirmation yet. china is looking at this and seeing that kim jong un and president trump are going to meet some place and kim jong un has declared publicly through south koreans that he's willing to denuclearized and china looks at that and feel like they are cut out of this process and what does all this mean and they want to get kim jong un, are you serious about this, are you going to denuclearize, if you are, what are you going to get in return for that from the united states, the united states is saying right now as a matter of policy, we are making no concessions to you until you denuclearize, that's probably not the position that china
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would advocate for them. second thing, where are the nuclear weapons going, so that is all under the believe system that there's genuinousness on kim cum's comments which we have skepticism about. china wanted to get into the process and gain control over it and not be left out of it. maria: it's pretty extraordinary, actually, how do you think china will advise kim jong un in terms of dealing with president trump, what is it that china wants kim jong un to do other than denuclear sides which everybody wants? >> at the end of the day they clearly want stability in the peninsula, i think they would make a case with kim jong un, you know, if he's going to denuclearize, assume this is sincere, and if that's going to happen, then put some real concessions on the table, first of all, kim jong un is
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preoccupied with one thing and one thing only, he's paranoid about it and that's preserving his regime. they would likely start with pulling u.s. troops out of south korea, that could in his mind guaranty the security to have regime. that's not going to happen. second they probably put on the table is stop the exercises that you're doing with the south koreans, that's not going to happen but we could reduce the frequency and the scale of the exercises and, of course, they'll have a fairly sizable list of economic assistance if they -- that they would want as a result of denuclearization. maria: so fascinating really the chess board here. we will keep watching that. let's move over to kremlin and the crack-down, general. the u.s. expelled dozen of russian diplomats after poisoning of former spy and brit -- britain and it was part of
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coordinated decision. listen to this. >> it was a reckless action and endangered not just two individual that is were poisoned but many civilians, innocent civilians, this is not the type of conduct that the united states, our allies can accept, but the president still remains open to working with the russians on area of mutual concern, counterterrorism, for example, and others but that's really up to the russians to decide. maria: general, do you think that the u.s. will take more action in the future and last week the president spoke with president putin and this action expelling all of the diplomats? >> first of all, i do believe that we will take more action in the future because we are in a collision course with russia. let's look at this first, the strength of it is the number of nations involved in that.
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by that i mean it looks like they are finally getting some spine in terms of their political will and being able to stand up against russian aggression, the europeans are feckless in doing with russia's aggression. this may be a good sign that they are getting tougher. secondly, let's be honest about it, the reality is that throwing out diplomats never has succeeded in deterring aggressive behavior by adversary, it's something that's routinely done, they'll reciprocate, one thing i will give the trump administration a lot of credit for as opposed to telling the russians to throw out 60 diplomats, we selected all 60 ourselves and most overwhelming the number of those they are spies and that's obviously comes from our counterintelligence folks tat -- at the fbi, but the path we are
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on with russia, maria, putin, 18 years in power, six years you got another blank check for, he has to stay in power indefinitely and the power is these dictators become more ambitious, more aggressive, more violent, more paranoid and putin fits this to a t, we are on a collision course with him. it's going to lead to more economic sanctions likely of him and his cronies, we will as a result of defense budget plus-up the military plus-up, put more troops into eastern europe and that will truly get putin's action. but we are on a course here of having to deter his behavior and the likelihood to confront him more with allies to be able to succeed at that. maria: are you expecting any kind of retaliation from russia as a result of this? >> oh, yeah, he will reciprocate. maria: what will he do? >> he will probably close one of the consulates like we did and
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throw a light number of diplomats out, that's pretty much what he did the last time we did this. maria: general, let me ask about the scare of military installations across the dc area, another head-scratcher, a half dozen sites received suspicious packages, contained possible explosive components, nobody was injured but officials are saying, of the packages, in the packages they contained rambling letters, what are your thoughts on this? we don't have the motive or don't have the person who sent this, obviously being investigated. >> the good news is nobody got hurt and secondly, he's sending them to place where is we have scanning devices and some of the places all the mail is received off site like for the white house and certain other facilities, cia, pentagon, none of that mail goes into the facility of any kind, so there's a lot of scanning and detection that goes on here, so i don't think anybody was in any danger
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here but the reality, i think, though that this guy is -- or gal is probably a crank as opposed to typical terrorist, terrorist that we have been dealing with over many years usually have the capability in that box ready to go and two, normally they don't write notes about it. that's not been the pattern, somebody has the beef against the united states government and lives in the united states and likely a citizen. maria: looks like a neo fight in that regard. before you go, let me ask you about saudi arabia, big saudi summit and we will have interview with minister of saudi arabia, what's the most important question for him as we know the crown prince is in the united states this week? >> i'm a huge supporter of what mohamed is trying to do and the transformation of saudi arabia, it will change the middle east if he's mostly successful in
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what he's doing. he's absolutely touching every part of his society from the politics, economic, social and religious and reforming all of it and putting his people to work and it is really something that we've never ever seen before in the middle east. i'm looking for increase trade in business with saudi arabia that will have major impact with the united states, we want that, i know the president has emphasized significantly, we are going to do more military sales to the saudis and helping them on the ground than in the past, they are moving in the right direction in the most dangerous neighborhood, breeding ground for radical islam. we will talk with him about all of that and certainly how they are trying to diverse the economy, what it means for the
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u.s. coming up, the finance minister of saudi arabia in studio this morning, general, a pleasure to see you, thank you. >> good talking to you, maria. maria: general jack keane joining us in dc. tesla trouble, investors worry about elon musk to deliver on big promises. it could be a market mover, we are watching the market trade up after huge rally yesterday, the momentum continues up 120 points right now. back in a moment. kevin, meet your father. kevin kevin kevin kevin kevin kevin kevin kevin kevin
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kevin trusted advice for life. kevin, how's your mom? life well planned. see what a raymond james financial advisor can do for you.
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maria: welcome back, the woman at the center of major civil rights case has passed away. cheryl casone with the details, cheryl. cheryl: linda brown was in third grade in 1951 when her father
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filed a lawsuit, little did she know at the time she would deserve olize desegregation in the u.s. supreme court case brown versus board of education dismantled the separate but equal policy of the time and ended segregation, linda brown died sunday, she was 75 year's old. well, another headline we are watching this morning, cdc warning of a second wave of the flu, the agency says that influenza b cases have jumped recently making up 620% of the country's flu cases last week, influenza b seems to be more severe. well, stocks soared yesterday but general electric missed the rally, the company shares closed down more than 1%, dropped the lowest level since july of 2009 as ge continues to struggle.
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wall street journal article on sunday says that ge has capital that hasn't been unable to sell. the stock plunged 25% this year on disappointed guidance. ge the only dow component down, 13.02. wow. tesla also having a tough time as of late, concerns over production of the model 3 are likely to set shares of tesla plummeting, a lot of investors doubt elon musk will produce target, shares of tesla have dropped nearly 15% in just the last month. and then let's take a look at fedex, fedex has ordered 20 of tesla's new electric semitrucks, fedex says the move is part to improve safety and get better performance on the road as well as reducing impact on the environment, tesla plans to start making trucks next year which can go 300 miles when charges, shares of fedex 8% this
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year. a lot of stocks to watch today but not so good. maria: 700 point rally yesterday seems to be continuing this morning. cheryl, thank you, coming up the new industrial revolution, smartphones have changed our lives but we are talking about cutting innovation right here in the united states next. stay with us. >> welcome back to another tennis channel report. the miami open reached the business end monday with the women in round of 16 action. u.s. open champion stevens took out two-time winner to reach the quarter for the first time since her victory in new york. the american looked really good as she closed out win in under an hour and a half. [cheers and applause] >> venus williams continues quest in miami over win to
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johana. she punched her ticket to the elite for the 13th time. don't forget tennis channel live coverage hits air daily at 10:30 a.m. eastern. i'm dannys
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retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver.
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maria: welcome back, the future of digital landscape innovation day just how digitization is not only changing the world but making things better and easier better than ever. lisa davis, lisa, good to see you, thanks for joining us this morning. >> yeah, thank you very much, it's a pleasure to be here.
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maria: tell us about innovation day and where you see the most innovation in terms of industry today? >> yeah, well, it's a pleasure to be here, innovation day for semens is our opportunity to show our approach to bringing solutions from concept to reality. today what we do with customers is we demonstrate real-world applications around digital solutions and how the solutions help create value in their business, whether it's in reducing costs, increasing reliability, improving product it, et cetera, we hold this in the u.s., the u.s. is the largest market in semens and it's important to maybe emphasize that the u.s. has played a very key role in digit al role in semens. this has allowed us to become top 10 companies in the world and this is value we bring now to customers. we see innovation really playing heavily in industry and in
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infrastructure now in terms of being able to create the ability for our customers as i said earlier to reduce cost, to improve reliability and productivity and being able to really create value out of the magnitude of data that they have in their operations. maria: yeah, you are showing a number of industries, you're trying to disrupt health care with your innovation. >> yeah. what do you think right now it's important for consumers, everyday people. >> for consumers, everyday people, what we are trying to do is bring some of the advancements that have now entered the consumer space into industry and infrastructure, some of those advancements are the ability to better optimize, for example, if you look at the electrical grids and changes, we can bring ability to optimize in that space to create value and reduce the cost of power,
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electricity for consumers. >> how do you think this would help health care at home having sensors integrate today your house, wearable device, i know it's directly in this but i imagine a lot technology that you're developing can be useful for that? >> yeah, it is, a lot of innovation is being able to take information whether it'd be health care, mobility, for example, trains, also in the industry area, you know, some of the facilities that we have equipment in, machine-tool building, et cetera, being able to ledge the data to allow our customers to improve their operations to be able to save money so that they can then reinvest that money into the business to hopefully allow them to grow and create more jobs, it's truly direct impact on the people that we do business with. maria: lisa, we talk about the
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macro story about all of the time, what do you see in terms of business? >> yeah, you know, if i look at our businesses from a siemens' perspective, we participate in many sectors in the u.s., the u.s. being largest market, we see very strong demand in our health care business, we see very strong demand in industry, obviously we continue to improve our digital capabilities in the u.s. so that we can help our customers satisfy that demand by allowing them to convert the data that they have in their business into real value, so a lot of demand in advanced manufacturing, a lot of advance in health care, leverage the data from equipment that health care providers are using to diagnosis patients, we see a lot of demand also in the energy business, obviously the energy business globally and here in the u.s. it's a business that's going through tremendous amount of change and i would strengthen
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the business and allow to create data. maria harp real quick, kristin tate. >> you're mentioning health care and energy, how do the efficiencies in these industries, how would they affect the profit of these industries going forward? >> well, i mean, the efficiency, if you look at what creates value in a company, it's about the ability to be more efficient with how money is invested so it would be able to reduce cost, it's about bringing new innovation to the marketplace from siemens' perspective. we are spending over a billion a year by increase in research and development in the united states, that's bringing innovation to those customers. >> lisa thank you so much, lisa davis. we will be rightrs back. you're gonna leave me back here at year 9? how did this happen?
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13.5. the rally holds on across the globe. in europe, markets are higher across the board. checking asian markets, green across the board. nikkei average up 2 2/3%. facebook is under pressure. the federal trade commission is probing the data practices. attorneys general from 37 states are investigating the company's privacy policies, something steve jobs warned mark zuckerberg about years ago. watch this. >> some people want to share more data than other people do. ask them. privacy means people know what they're signing up for in plain english and repeatedly. >> maria: we don't know what we're signing up for today. the latest as mark zuckerberg is among several technology leaders invited to testify on capitol hill. he's already saying he will not go to the u.k. he's sending a colleague to do
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it instead. window to a trillion. the massive market cap morgan stanley thinks we could see from microsoft just next year. wait until you hear this number. crypto crackdown, why twitter is banning most advertising for digital currencies. plus, as mortgage rates are rising, millennials are spending more on rent. you won't believe how much this generation spends before the age of 30 on rent. the huge price tag coming up. all those stories coming up this tuesday morning. joining us is dagen mcdowell, and the hill contributor, kristin tate is here. great to see everybody today. >> great to see you. >> dagen: in terms of this market rally, there is a backdrop to what is going on in the market since the selloff started in early february. that is higher interest. interest rates, lie bore rates, the tighter credit conditions. that's hammered the home builders this year. the home builders are down i think 9% year-to-date.
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>> maria: that's a big number. >> dagen: that's i think part of the question going forward is outside of utilities and home builders, what other industries, what other companies are sensitive to tighter credit conditions, particularly for individuals? automakers? >> maria: the financials, but maybe in a good way. right now, we're going to see the sentiment change towards earnings. this is the final week of the first quarter. the quarter ends on thursday, pretty much, for business and april starts next week and we're going to start getting first quarter earnings and by all accounts we're expecting numbers to be up strongly, up 16% in terms of profits for the s&p 500 for the first quarter. we're going to talk about all that coming up. joining the conversation, the u.s. commerce secretary wilbur ross is with us this morning. former defense and economic minister under angela merkel joins us along with the minister of saudi arabia, also with us this morning and immune therapeutics ceo steven dilly is with us.
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plus the ceo of mitchell gold and bob william, mitchell gold furniture, we'll talk about that as welcoming up. we've got a big two hours coming up. we kick it off with this, investors and lawmakers are watching facebook. the stock rebounded after the federal trade commission confirmed they are investigating facebook's data privacy practices. the announcement sent the stock down more than 5% to levels not seen since july of last year. we're seeing a little settling of it this morning. joining us to weigh in is the former ftc chairman and law professor william kovacik. good to see you. thank you for joining us. >> good morning. thank you for having me. >> maria: thank you for joining us. you were with the agency when facebook was first under investigation over claims it misled users by making private data public. the ftc and facebook announced a settlement in 2011. tell me what you think the ftc is most interested in looking at now with regard to facebook as you see it. >> at a high level, the
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commission's going to be looking at whether or not its effort in 2011 and 2012 to set a testimone for privacy in the information services sector is working. there's a fairly powerful clause in that settlement that says that facebook will establish a system designed to ensure that data protections built into its commitments are fulfilled, that third parties respect those commitments, and that the information that its users provide is held confidential. in a fundamental way, this is a test of whether or not that approach is working with some fairly powerful sanctions built into the background. >> maria: they haven't done any of that, right? when you see what's been taking place, all these third party companies can come in and get access to your data and the way that things move so fast, can this company be regulated or is data going in and going out too hard to track? >> this is a real test of whether the approach that the ftc adopted at the beginning of the decade is adequate to
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fulfill that task. because the ftc assumed that the combination of the broad over-arching promise to provide a system for compliance and monitoring would work. it enlisted the help of a third party outsider to audit this system every two years. there are other commitments that are built into the agreement. i think what the ftc is going to be looking at in a basic way, beyond the technical issues about whether facebook violated the law, whether the entire approach to data protection is working. >> kristin tate here. facebook seems to be on the decline, separate from regulation. i think there could be a free market approach to this. people are abandoning the site as they realize how their information is being used. elon musk said he wants nothing to do with with it now. do you think this is the beginning of the end for facebook? >> i doubt it. i used to have a supervisor who
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put things in three categories, the good, the bad, the don't over-react. i would put this in the third category, don't over-react. it's been a powerful and attractive service for so many individuals. it would be hard to imagine an immediate decline is possible. there will be a deep amount of rereview, to see why whether the mechanism they they put promises to their users will be fulfilled. >> dagen: i believe in a free market. the free market isn't working. i said last week, a former facebook employee quoted in the wall street journal, they said their method of enforcement was calling people on the phone and yelling at they'll. oh, my god, i can't believe you took people's data that you shouldn't have, you shouldn't do that, stop it. you're inviting regulators into your front door when you treat
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customers and users that way. >> i think regulation might be necessary. what's funny is that a lot of these young people abandoning facebook are going to instagram which is owned by facebook. their info is being used in the same exact way. >> maria: that's a really good point. do you think regulators understand that, that it's not just facebook and the 2 billion users there, they own instagram. do you think they're looking throughout the company in terms of practices at all of their businesses? >> i think this is going to be an occasion for the ftc to do exactly that. because one of the basic commitments, the philosophy embodied in the estimate in 2011, 2012, would there would be a company-wide system put in place to ensure that promises are fulfilled. so i think this is a chance for the commission, and i think they will take it, to look at a basic way about how privacy policy is implied inside the company and whether the agency needs a rethink about how it's doing business here.
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>> i'm curious to ask you how do you actually think regulation might look in a world where consumers want to own their data a and have the right to move it from facebook to any other platform but at the same time want the security and privacy of the company that they share it with not then abusing it. i mean, is it now facebook's responsibility? is it the third party company that they authorized to access the facebook data? how do you control that? what does the regulation look like for that? >> i think you start by asking who is in the best position to carry out that monitoring and oversight function. is the best place to put that responsibility on the platform owners? and to say it's your job to pick your agents, your third party partners very carefully. that's the philosophy of the existing framework, that is, the facebooks of the world are in the best position to do that kind of monitoring and oversight. the inquiry that's going on now is an opportunity to test whether or not that assumption is sound. >> maria: let me ask you -- >> dagen: i want to add, i think
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young people and the american people and even people around the world have been sold a steaming sack of garbage by facebook in some way. again, they were asking people to become deeper -- go deeper and deeper into their lives, checking more and more data from these individuals, promising a better social experience. like we're doing this for you. they're this benevolent giant -- >> maria: share with your friends. >> dagen: i need to know where maria is every day of the week via facebook. >> maria: i don't need you to know that. >> dagen: your location service is totally off on your phone. >> maria: thank you. >> dagen: for everything. >> maria: 100%. even when i need directions. >> dagen: they have been preaching nonsense. >> maria: we hear that the ceo, mark zuckerberg, william, is turning down a request to testify before the british parliament. he's sending two direct reports instead as the senate je as he o
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testify on capitol hill. do you think he'll blow-off the jew dasjudiciary committee as w? >> i tend doub to doubt it. his advisors will be telling him once the pressure starts to build up in the legislature, there could come a point in which you get a sweeping remake of privacy regulation in the u.s. and you'll certainly get more pressure on the federal trade commission to intervene more deeply and if you don't find some way to relieve that pressure to allay some of those concerns, the response could be that you'll get a fundamental rewriting of privacy legislation, a change in the regulatory framework, and as you've suggested, this title til wave has built up overseas. in europe, in germany, the discontent is broad-based. if you don't take measures to diffuse that, you end up with a bigger problem. >> maria: you can't add arrogance on top of what we've already seen by just blowing off
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the request to go testify and what you just said, dagen, in terms of the ability to opt out of the situation is totally underlined by something steve jobs said eight years ago, eight years ago, a 2010 video of the founder of apple, steve jobs, has reemerged in the wake of all of this and in it he actually warned mark zuckerberg and silicon valley over privacy controls. here's steve jobs in 2010. >> we've always had a very different view of privacy than some of our colleagues in the valley. we take privacy extremely seriously. that's one of the reasons we have the curated app store. we rejected a lot of apps that want to take a lot of your personal data and suck it up in the cloud. a lot of people in the valley think we're old fashioned about this. >> maria: so facebook didn't know that? >> i think they had to know that. >> maria: exactly. >> and another thing that jobs
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mentioned in the earlier clip that you used as well is that you have to tell people clearly the terms in which they're going to be operating. and if you make promises to them about what you're going to do, you're going to have to fulfill those if you want this area not to become a bad neighborhood where people don't want to go. >> maria: it's not easy. if i want to opt out, i have to go through lots of steps to go to the settings and what have you. >> dagen: they were allowing these app companies on facebook until 2014, 2015 to basically sweep up information from friends of friends and it was everything about you and nobody knew. they changed the settings. but even until -- even now, you go into your privacy settings, that's not where the app settings are. it's under apps. you have to see which apps have access to your data and then you can pick and choose which information you hand over. this is why apple fought so hard helping the fbi because of
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privacy. >> maria: william, will facebook be regulated? >> yes, indeed. and i think more intrusively. >> maria: thank you so much, commissioner. we'll be right back. - there are tens if not hundreds of thousands of jews in israel and the former soviet union who are not going to be able to celebrate the passover without our help. - [narrator] there is an emergency food crisis for elderly holocaust survivors in the former soviet union.
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- [woman] this is a crisis. these elderly holocaust survivors are struggling to survive. they're starving, have little money for food, electricity, or medicine. - [narrator] just $25 provides one needy elderly holocaust survivor in the former soviet union with a special emergency food package that contains a note saying it's from christians and jews in america and canada who want to bless them. please call right now. - in ukraine, there's no support network. they don't have food cards or neighbors that come in to help. they're turning to us because they have nowhere else to turn. - [woman] the bible teaches blessed is he whose help is in the god of jacob. he upholds the cause of the oppressed and gives food to the hungry. - [narrator] these special passover food packages represent a gift of life for destitute elderly jews
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in the former soviet union. just $25 provides one elderly holocaust survivor with a special emergency food package. please call right now. - [yael] what i pray is that you won't turn your eyes but you will look at their suffering and your heart will be changed. - [narrator] we pray that god will move upon your heart to act right now and send an emergency gift of just $25 so that we can help more frail and lonely elderly holocaust survivors in the former soviet union before it's too late. >> maria: welcome back. another company passing along tax savings to employees. cheryl casone with that and the details. >> cheryl: mccormick and company, they make spices and seasonings, they're going to use
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the tax reform benefits to give $1,000 bonuses to hourly employees. they're going to accelerate wage increases across the board. they're also going to use the tax savings to make strategic investment as the company returned cash to shareholders and pay down debt. you're looking at all of the companies now that have been giving benefits to employees thanks to tax reform. shares of mccormick up 4% year-to-date. taiwan's fox con is increasing its presence in the united states. they're going to buy california based bellkin and associated brands for $866 million. fox con is best known for assembling iphones for apple. bellkin is making computer and phone accessories like charges and cases. waimo offers connected switches.
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rising mortgage rates are putting a dent in the refinancing market. an industry group says 37% of mortgages taken out last year which were financed on existing loans, that's the smallest amount since 1995, down sharply from 72% back in 2012. lending companies are turning to home equity loans and ad adjuste rate mortgage as a result. meanwhile, get this, millennials are spending a staggering amount of money on their rent. a new report from rent cafe shows adults spend nearly $93,000 on rent by the time they're 30. that's $22,000 more than baby boomers ever paid. millennials are earning more than previous generations. ththe amount they donate to rent is 45%. millennials have not been ready to make home purchases and that's been a drag on the housing market recently. >> maria: thank you so much, cheryl.
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got a couple millennials right here. >> i'm renting. i do think there's a bunch of stuff happening, there's new companies right now that are trying to help you put part of your rent towards home ownership so it's not a zero or all kind of decision. we'll see. i think there's unique model changes that will let millennials entering the second phase of their life start to get into the home buying market. >> maria: how about you? >> kristin. in new york city it's insane. a lot of this is taxation through regulation. there are insane regulations on landlords in new york city. fowhen you live in a liberal ciy like new york, costs get passed on to millennials who tend to be liberal. they don't understand the policies they support affect their bottom line. >> maria: we'll take a break. when we come back, pill for peanut allergies. we'll talk about the company behind a treatment for peanut
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allergies. and why morgan stanley is predicting microsoft will track a trillion dollars in a year. back in a minute.
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>> maria: welcome back. will cafeteria's be 2308din folp their peanut free tables? there may be a medication to combat the life-threatening allergy affecting 1 million children in the united states. the drug is designed to protect
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patients from severe allergic reactions in the case of an accidental peanut exposure. joining us is the ceo of immune therapeutics. thank you for joinings. we wanted to talk about this because we know this is so prevalent. so many kids have peanut allergies. your drug is sprinkled on food. tell us about it. >> we've been developing what's called a desensitization therapy. it's a medicine that is in a capsule that you break open and sprinkle onto three or four spoonfuls of your food and you eat it like any other food and the act of doing that desense desensitizs you over time to the peanut allergy. you do it over a year. we're excited about our recent results. we did a study in 550 kids with a peanut allergy. after a year, two-thirds of them
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could eat two peanuts without having a reaction. >> maria: tell us the real risk in terms of peanut allergies, how bad it is in terms of developing the allergy and what happens when you have a peanut. >> i think the most surprising thing about peanut allergies, is the problem you can't eat peanuts, it's trying to avoid peanut protein. peanut protein is in all kinds of stuff. if this was just don't eat peanuts, it would be simple. we're coming up to easter many i brought these in. one thing we do is we have chocolate at easter. one of these candies contains a really quite dangerous amount of peanut protein. the other one doesn't. imagine a 6-year-old at the party. you've told them don't eat he peanuts. you're peanut allergic. and they go and the easter egg hunt and find a chocolate egg. they say does this contain peanut? no, it's a chocolate egg. sometimes it does manufacture >> maria: what happens then?
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>> they have an allergic reaction, where it can be life-threatening. they can end up in the emergency room. they can need epinephrine. occasionally, a bad outcome happens. our aim at immune therapeutics is to render these kids safe such that while they still avoid eating peanuts, if they do have an accidental exposure then it will be much muted and they'll be able to go on without any sequelae. >> my sister had peanut allergies. i'm thankful you're working on this. how i this different from other treatments that are coming out to help kids prevent reactions to peanuts? >> what we're doing is to really take technology that's been around for a century, which is the idea of gradually introducing the very stuff that someone is allergic to in increasing dough doses over timd
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what we worked out how to do is how to turn an agricultural product, the peanut, into a medicine and we've worked very closely with the fda to do that and it clearly has to be characterized and quantified in exactly the right dose. then what we've done is worked out how to give it in exactly the right way at the right intervals and increase the dose in the right way so it can be done safely. that's why we're so pleased with our recent clinical trial results because this was the first time it's ever been done in many hundreds of patients and in 10 different countries around the world. so it's not like it's a specific thing that you can do at expert centers. this looks like it could be scalable. >> dagen: is one hurdle getting -- i won't call it patient adoption, i'll call it parent adoption, getting them to commit to this kind of therapy, because again, if the powder is derived from peanuts, the parents'
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reaction will be no way, that there's that fear, that hurdle. >> we've actually found the opposite, which is that parents are so motivated and i've been doing work in drug development for 30 years. this is the most compliant population i've ever seen because it's the parents hovering over the child, making sure they're taking their dose. it becomes a ritual with the evening meal. we recommend doing this in the evening and so it tends to be three or four spoonfuls of chocolate pudding before you can have your desert or whatever. we've got great compliance rates because it's the mom hovering over, making sure it gets eaten. you know how it is, we're better about health care for our kids than ourselves. >> maria: you started the company because of seed money from patients' parents. you talk about the parents being involved. >> it's a great story. the therapy had been around in its nascent form for many years. a group of motivated parents
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said we need to make this available. they put up the seed money which allowed us to develop the medical product itself and get far enough along so we could raise more conventional financing. this is the first crowd sourced pharmaceutical company that may reach the finish line. >> maria: i mentioned it because it encourages others to give because this is where it leads in some cases. steven, thank you so much. we'll be watching that. steven dilly joining us. coming up, could cold war tensions be heating back up and the u.s. and allies are cracking down on the kremlin after the poisoning of a former spy in britain. the latest as russia responds. doing the right thing after a wrongful conviction, the white sox rehire a grounds keeper who spend over 20 years in prison for a crime he did not commit. his incredible return to the field, coming up. ♪ wide open spaces. ♪ room to make big mistakes. ♪ she needs new spaces.
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♪ ♪ where's jack? he's on holiday. what do you need? i need the temperature for pipe five. ask the new guy. the new guy? jack trained him.
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jack's guidance would be to maintain the temperature at negative 160 degrees celsius. that doesn't sound like jack. actually, jack would say, hey mate, just cool it to minus 160 and we're set. good on ya. oh yeah. that's jack. a trip back to the dthe doctor's office, mean just for a shot. but why go back there, when you can stay home with neulasta onpro? strong chemo can put you at risk of serious infection. neulasta helps reduce infection risk by boosting your white blood cell count, which strengthens your immune system. in a key study, neulasta reduced the risk of infection from 17% to 1%, a 94% decrease. applied the day of chemo, neulasta onpro is designed to deliver neulasta the next day. neulasta is for certain cancer patients receiving strong chemotherapy. do not take neulasta if you're allergic to neulasta or neupogen (filgrastim). ruptured spleen, sometimes fatal as well as serious lung problems, allergic reactions, kidney injuries, and capillary leak syndrome have occurred.
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report abdominal or shoulder tip pain, trouble breathing or allergic reactions to your doctor right away. in patients with sickle cell disorders, serious, sometimes fatal crises can occur. the most common side effect is bone and muscle ache. so why go back there? if you'd rather be home, ask your doctor about neulasta onpro. >> maria: welcome back. good tuesday morning, everybody. thanks so much for joining us. i'm maria bartiromo. it is tuesday, march 27th. your top stories right now 7:30 a.m. on the east coast. stocks soared on wall street yesterday. the momentum continues this morning easing fears of a trade war drive gains of 2.5% across the board yesterday. check out these numbers. the dow industrials up 669 points. that was the third largest point
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gain ever. the nasdaq, 227 points higher, 3 1 livin1/4 higher on the na0 out of the gate this morning. global markets are higher. european indices, gains across the board. dax is continu index is up 2%. the nikkei average in japan best performer at 2 2/3%. the u.s. is expelling russian diplomats over a poisoning of a former british spy. we have the latest as russia threatens retaliation this morning. twitter takes the stand on crypto, the company becoming the latest social media giant to ban advertising for all digital currencies. the race to a $1 trillion market valuation has a new member.
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one a analyst says microsoft could hit the milestone. the white sox doing the right thing. the team rehired a grounds keeper who spent 23 years of his life in prison for a crime he did not commit. and the push to make the nfl healthier, a group of scientists calling out the league for its junk food sponsors. all those stories coming up. first, our top story this half hour, wall street rebound as trade tensions with china fade. there is a big gain at the start of trading, up 143 points on the dow. this comes after the dow surged 669 points yesterday, the largest one day point gain since october of 2008. joining us is ktgutenberg. let's talk about the global story here, how would you characterize what's going on in germany right now? >> well, in germany we just reshaped the government. it took us off a year.
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we are finally there. but we're just starting to get into motion. germany's voice has to newly establish itself. it's been a while now until we've been actually giving input. we're looking inward. but looking at the wider scheme now and what is happening on trade perspective and all the other things, there is some silver lining on the horizon regarding this latest outreach from china. we're still negotiating. i found the comment of the premier quite interesting. it said well, there's enough intelligence on both sides to resolve the issue. i can only hope so. >> maria: the e.u. was exempt from the aluminum and steel tariffs. >> for now. >> maria: for now. what's your take on that? >> it's still a while to go. we're talking about finding some kind of a resolution until may and we should actually step forward also from the european side but also over here. china comes into the game again
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because you can not win the game as the u.s. alone. when it comes to china, i really ask for some sanity here, okay, let's do this thing together. we have shared interests on both sides. as europeans and as americans. if you fight this quote, unquote war or avoid this war together we could win much more. that could also lead to he renegotiation of something we buried a couple months ago which is ttip. there is a lot of things that could be gained and also the europeans i think will be willing to step a little further toward donald trump here and to give him some more than we have actually anticipated beforehand. so there is a lot in the game here. that doesn't work of course with our germany. so it's good news that germany is back on track but we need to move now. >> dagen: that's why i argued the way this administration started tackling our trade deficit with a variety of different trading partners seemed to be disorganized, haphazard.
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you go after steel and aluminum and you make at least initially seem an enemy out of the european union and our allies, rather that than if you want to take on china, you go to them, you lock arms and say we're not allowing china to steal our intellectual property anymore. we're going to force collectively china to give on its demand for technology. >> if you think a little further, it's you get something back you probably wouldn't have gotten. so if you're aligned on these topics, you may get some european movement on cars, on pharmaceuticals, on food issues and all the other things and these things play into the constituencies of donald trump. >> maria: that would have been a surgical, targeted attack against china. maybe that's what he was trying to avoid. when you look at all of the trade deficits, it's a deficit with everybody, $800 billion. $375 billion comes from china the deficit. but germany, $70 billion deficit with the united states.
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so i if you were to just lock as with everybody and go against china, i don't know how that would have been perceived. >> dagen: not a trade deficit with canada. we have a trade surplus with canada. again, at least initially when those steel and aluminum tariffs were announced, it was maybe we give china, i mean, canada and mexico a pass on them. but that's the point, it just seems like, again, it was like the travel ban. it seemed to be disorganized and real ham-handed out of the gate. >> he remains to be unpredictable. that's the game china is playing as well. for us, the best thing that could happen is to divide the so-called west and that's taking place right now. it's also putin's strategy to a certain extent. >> i was going to ask that. how do you think this plays into the economic conflicts we're having with our partners? how is that going to affect our foreign policy when it comes to dealing with stuff like putin? i mean, this is the first time
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we've seen this coordinated expulsion. >> the less aligned we are on economic and trade issues, the harder it is to find common ground on these topics. and yes, we have seen some kind of a good signal yesterday that the former west some dahow was united. that was the headline. are we really united? a couple european countries opted out. it's not the whole european union that is expelling diplomats. greece is not playing the game. ithere is not entire unity here. and again, that plays into the hands of those who love to divide us as far as they can and when it comes to the question you've just raised, geo-strategic and all the foreign policy issues, i think we are most efficient if we
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stick together. >> even though some countries did opt out, it still sent a strong message that so many nations did expel the russian diplomats. how can we expect russia's behaviors to change if they're not actually being punished. we kick out their di blo diplom, they kick out our diplomats, so what. how do we expect them to change? >> it was a signal they didn't expect that magnitude. i think it is a sign putin will read correctly. it's definitely not enough. you have to target those who can put pressure on putin. this is not a lot of people. there are some people. there have been sanctions towards those who are the only ones who could push putin into some kind of direction which is hard with a dictator anyway. that's something where we need to, again, join forces. and it's not only about expelling a couple of diplomats. we'll see a kind reaction from the russian side here. we have to be more --
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>> maria: 60 diplomats expelled and ireland is the latest just expelling one, we're getting this news this morning. there's common ground on facebook and technology. mark zuckerberg is promising to do a better job with his social media company. european regulators are requiring him to do so by law. there are new e.u. rules on data protection that will make it easier for users to give or withdraw their consent for companies using their data. it will go into effect on may 25th. we're moving the needle here it seems like. germany's justice minister met with facebook's team in europe yesterday and reportedly said this. what's your take on this? promises aren't enough. the future we will have to regulate companies like facebook much more quickly. mark zuckerberg already says he will not go to the u.k. to appear before parliament. he's sending one of his underlings. what do you think? >> he should show his face, not only over here. just telling them if it's the right thing to do i might
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consider it. >> maria: exactly. >> he better -- >> maria: when is it the right thing to do? >> it's certainly not enough to send a couple underlings to europe. google has understood that. they showed their top faces in europe and it helped them to a certain extent. microsoft did the right thing over there. now the regulation comes into place. the european union worked on that regulation since 1995. this is when we've had the last regulation on data protection in europe. everyone could adapt it. this is the moment to show some i would call it humility. it's probably the right -- >> i think they're scared mark going to testify will be more damaging than him not testifying. >> it could be. his interview at least was interesting, to put it mildly, the one we've seen with one of your competitors. >> maria: yes, on cnn. did you think he did a good job on that interview? >> he didn't give an answer. >> maria: a nonanswer interview. >> dagen: you're talking about regulation that's europe has been working on for more than 20
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years. again, they've got to find something for those bureau crates to do in -- beurr bureaua ats to do in europe. >> i think it's worthwhile looking into this regulation. i sense a certain outreach of people that they say well, we're not as obsessed with data protection and privacy as the europeans are. on the other hand, what has happened -- >> maria: give it time. >> it's about transparency. it's about giving consent. >> maria: you think they could be regulated then? you think there's a way to regulate this company? >> of course there is. of course there is. >> maria: i suspect we'll see it. it's great to have you on the show. >> thank you. >> maria: coming up, the crypto crackdown comes to twitter. why the social media website is banning ads for bitcoin and other digital currencies. and a new twist on a classic
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dish coming to red lobster as the chain tries to reel in younger customers. will it work? back in a minute. ♪ in the fast lane. ♪ from l.a. to tokyo. ♪ never drop to your knees, ♪ look into the sky for a momentary high, ♪ ♪ you never even tried till it's time to say goodbye, bye ♪ ♪ everybody fights for a little bit of light, i believe. ♪ geico motorcycle, great rates for great rides.
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>> maria: welcome back. twitter joining the likes of facebook and google, barring advertising for certain types of cryptocurrencies. cheryl casone has the details. >> cheryl: this shouldn't be interpresented as anti-bitcoin. twitter's ceo is a big fan of bitcoin once saying it would become the world's universal currency. they will block the ads from coin base. square will still be allowed to advertise the cash app that can be used to exchange different types of cryptocurrencies. the price of bitcoin has fallen below 1,000. over the last year, shares of
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twitter up 112%. as for squares, shares up more than 210%. well, shares of microsoft jumping about 7% after morgan stanley raised the price target on the company, saying that their market value could hit 1 $1 trillion in the next year. this is based on their improved margins and growth in cloud computing. the company has a market cap of $700 billion. shares of microsoft as you can imagine are higher in the premarket, up almost 1% right now. okay, re red lobster is going ur the sea with a southern classic. its new dish is lobster and waffles, now available as part of lobster fest. it has a fried lobster tail served on top of a waffle. you put maple syrup all over it. $20. there's some mixed reactions on social media as you can imagine. one user tweeted red lobster, fried lobster tails and waffles, no, just no.
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you're tampering with a southern comfort food. all right. a bunch of superheros are coming to gather to fulfill a dying boy's wish. fox news at night host shannon breen met a man whose nephew has terminal cancer and the boy's last wish was to receive a video greeting from the stars of the avengers. shannon went on twitter on sunday and with an assist from cnn's jake tapper a lot of the stars have come to the rescue. captain america's chris evans responded, happy to. he says happy to d.m., meaning direct message. paul benton joined in as well. ryan reynolds came through saying he was only a reserve avenger but happy to help. again, d.m., direct message. as of yesterday, evans sent his video to the boy. several other actors have agreed to chip in. we should say he's only probably got a few days to live. so this is just one of those stories --
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>> maria: wow, that was great of shannon to do that. thank you, cheryl. coming up, should the nfl tackle junk food ads? the troubling study on sports sponsorships and unhealthy eating coming up. ♪ at this moment you mean everything. ♪ you wore that dress, i confess. today, the new new york is sparking innovation. you see it in the southern tier with companies that are developing powerful batteries that make everything from cell phones to rail cars more efficient. which helps improve every aspect of advanced rail technology. all with support from a highly-educated workforce and vocational job training. across new york state, we're building the new new york. to grow your business with us in new york state, visit esd.ny.gov.
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>> maria: welcome back. the vegas golden knights making hockey history. >> jared: the team is vegas strong, led by west point graduate bill foley who paid $500 million to bring the army way values, discipline and tradition to las vegas hockey,
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now can consider this first mission accomplished. the vegas golden knights, the first nhl expansion team in 38 years to make the playoffs its first season. players gave young fans their sticks last night. since 1960 we've had 64 expansion teams across the nfl, nba and mlb, only one has posted a winning record the first season, the vegas golden knights. their odds to win the stanley cup started at 100-1, now 7-1. there is inspiration from the october massacre outside mandalay bay. >> we always go back to our first home game. i mean, that was -- it wasn't about our team winning. it wasn't about nothing. it was about the first responders and the tragedy that happened the week before that. they all came out and played an unbelievable game that first night. i think it carried over. >> jared: baseball back in montreal monday. exhibition game, toronto against st. louis.
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canadian baseball fans happy to see the offspring of vladimir gererro. >> third base man, number 27, vladimir gerrero junior! >> jared: number 27, he wore the same one his father had for eight years. tim tebow is getting promoted. he did have an ankle injury. the former heisman trophy winner will start the season in double a. locked up for 23 years for a murder he didn't commit, former white sox grounds keeper nevis coleman dreamed about returning to his job one day. he's going back to the white sox. yesterday he reunited on the team with his old colleagues.
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are professional sports leagues to blame for obese kids in america? according to a new study, 76% of foods that are sponsored by professional sports leagues are considered unhealthy. 52% of drinks contain sugar. far cry from the diet that the athletes who these kids would idolize are putting into their bodies. >> maria: peps co-is one of the biggest sponsors of the nfl. >> jared: coca-cola has been sponsoring the olympics since 1928. you think about the beer ads and the food ad as well. >> dagen: the parents are buying the food. if they don't want their kids to be fat, don't buy them that food. >> jared: learned behavior. >> dagen: let me blame the fnl and the maker of fritos. >> nobody is going to be eating celery sticks and carrot sticks at an nfl game. junk food is bad for you but it's tasty and that's why we eat it. i think nfl fans are sick of the
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political correctness nonsense. we saw that with kneeling. >> it's not just the older kids. this is propagating down to children. that first 1,000 days of a child's nutrition affects the health for the rest of their life. the number one vegetable consumed by kids today under the age of two are french fries. there is something to be said about -- >> dagen: whose buying them the french fries? it's the parent. >> maria: they don't have any options at the game. >> dagen: whose taking your 3-year-old to an nfl game? >> if you're eating celery, you're getting bullied. >> maria: get jared's sports reports on sirius xm. back in a minute. in miami, but to the nation how great we are. and how great we can be. ♪
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maria: good tuesday morning. thanks for joining us. i maria bartiromo. tuesday, march 27. top stories at 8:00 a.m. on the east coast. stocks are gestured with the dow industrial cnet largest one-day point was that the over 2008. other major indices reference to 3% as worries over possible trade were faded. the dow is up 669 points and nasdaq up 227 points. the momentum continues this morning. futures indicate a rally at the start of trading peer 13 points on the s&p and 58 points on the nasdaq. the rally rolls on across the globe as well.
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ft 100 in the u.k. have 2% right now. asia overnight green across the board paired best performer was japan. nikkei average of two and two thirds%. facebook still under pressure for the federal trade commission is probing data practices. attorneys general 37 states are investigating the privacy policies. something steve jobs wanted mark zuckerberg about in 2010. >> some people want to share more data than other people do. ask them. privacy means people know what they are signing up for. in plain english and repeatedly. >> the very latest is mark zuckerberg is among several leaders testify on capitol hill. he's already saying he will not go to the u.k. to testify. he sending a colleague to do it instead. arizona's governor hitting the brakes as the orders the self driving cars off of the road. use your money to light up night
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sky. one company plans to sell artificial shooting stars that they might be out as well. joining me to break it all down as fox business network's dagen mcdowell. ankur jain is the best in the author of how do i tax be, kristen tate is at best. thanks for joining the panel. >> great to be here. maria: markets up again. big rally underway with a broad race yesterday. financial services among the best performers. dagen: i do think the issue of higher borrowing costs, higher interest rates, tighter funding -- sorry. that was my fault. true do you your microphone on now. dagen: higher borrowing costs and financial conditions will continue to be at point for these markets. maria: we'll see about that appeared near term there's momentum for the first-quarter earnings starting in two weeks.
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we are expecting earnings for the s&p 500 to be up 16% for the first quarter. joining us is wilbur ross. mohammed dishonest with us as well as the cofounder mitchell gold and bob williams. plus a host of "varney & company" to mr. roberti joins us as well. don't miss a moment of it. the big rebound on monday, all three major industries search on recent trade tensions are reasoning. nicole petallides on the floor of the new york stock exchange. good morning to you. >> good morning, maria appeared at 700 points at the highest point of the day. we had a great day yesterday cover 669 points at the gain of two pointy%, but not enough to help us for the month. the dow down 3.3% looking like it's going to be setting up to be the worst marching years overall for the dow. the worst marching 17 years to be precise.
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the volatility is here, traders are use to it. we talked about front and center on trade and tariffs but they like the word negotiations. we like the word of uncertainty. tech stocks, bank stocks have been volatile and expect volatility to continue. john score peanut commemorating and partners i asked him are you partners i asked amari buying the dips because we have 2% gains or losses thursday, friday. we buy the dips because we are still feeling positive. they still have the cautionary stone. they will buy the steps. let's get to facebook. obviously he made it so well known that the data if you want to share it, let us know if you want to share it. ask them repeatedly until you ask them to stop asking him. not sure of mark zuckerberg got that memo. stocks than a quarter of a percent. the ftc violated the terms of the consent and that could add
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up to billions of dollars. now they are talking about the spread. in spain over because facebook is going one way and the rest if any other tech stocks continue to gain. maria: nicole, thank you so much. we'll check out as the markets worse this morning. one of the biggest investors in the world, saudi arabia financed ministers with me. mohammed bin bin-salman is in washington country new york. until he meets its leaders at the end of the week. sir, good to have you on the program. thanks for joining us. you are doing really an extraordinary liberalization of the saudi arabian economy right now. characterize where you are. >> we are at this stage were removed from planning over the past two years to execution.
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so that is significant for the momentum now where the economy is going. we manage over the last three years to deal with a large budget deficit by 40%. we have a potential growth of 2% this year. oil growth will be about 3%. this economy social vehicle so it's a very wide spectrum of what you are trying to achieve and there's a lot of momentum now. maria: it's actually quite extraordinary in terms of liberalizing this economy in an extraordinary way from society to paying for a costly war, investing an enormous amount of money in businesses, either directly. how you pay for this?
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we have significant revenues. we manage to grow by 150% over the last 40 years. so there is a lot of waste. we are now trying -- it is diversifying the economy, trying to put the wealth that we have loved for the last 10, 20 years. maria: when i was in riyadh in october, there's a lot of conversation about the new industries you are trying to develop in saudi arabia to get foreign money into the country. what do you think are the most promising industries that will drive growth? >> there are 12 implementing programs in a very wide spectrum in the economy.
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key elements of these were currently we are importing almost a percent of what we consume. maybe half of that, so between now and 2050, we aim to manufacture 50% and the transport services. we are trying to tap into a utilization today into a significant more appeared we are trying to work extensively. we have had very limited industry. we think are very high unemployment contributes to the gdp. we are working extensively on the sectors. for example, investing inside and outside saudi arabia.
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it has been announced last october, which is focused on the future technology. there is a lot that is being done in saudi arabia. maria: you mention the city of neon menu will have robotics and lot of a.i. related interest rates you are hoping will get created for this city. i know that. what you just said is pretty incredible. you want to start manufacturing things. you've not done this before. you're talking about creating new industries and manufacturing things whether it is apparel or industry type things. how do you do that? training for your people are you expecting to take in experts and some of these industries to start manufacturing things you've never done before? >> it's a combination of both. we have been manufacturing before and oil and other chemicals. we are leading the world and where we have not done before,
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what we are trying to do is partnering with u.s. companies and others to bring in to saudi arabia. maria: let me ask you, are you expecting to derive lower revenues from oil? you want to diversify the economy. does that mean you're relying on oil revenues less? >> what we are doing is trying to avoid the oil price. we believe oil is here to say, but we wanted to make sure that the oil revenue brings in the stability of the government and diversify our economy for more jobs, empowered a private dirt focusing to make sure the private sector is the engine of growth in the future. maria: that is very smart given the level of oil prices. are the days over? >> i will not speculate on oil
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price. >> longer-term you've got a lot of supply in the market. the expect a shame doesn't go to $100. >> generally a few listings to aramco there isn't an investment today and oil and we require significant investments for that supply to the continuing. there are supplies currently running now. maria: you are not writing on supply story. >> significantly in the next five to 10 years. maria: saudi aramco, his royal highness was talking about this deal been important in finding all of this. the saudi aramco go public in the united states? saudi aramco will go public.
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that is for sure. we have not decided where this goes in london, hong kong. >> is one of the issues potential for lawsuits run 9/11 victims? >> i would not comment on specifics, but we are trying to examine all the due diligence. this is the largest company in the world. it's more than half permissibly wanted to be careful. maria: i understand peter excellency, you've got investors asking right now and we are seeing this change in saudi arabia. it comes after the anticorruption crackdown in the kingdom where you have all of these ministers jailed. are you reassuring investors about that crackdown?
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what took place in the country. >> what took place is a clear message we have zero tolerance to corruption. it is a very comprehensive framework. this is the one we are creating a level playing field so the ambassadors taken by the government with a new procurement law that is more more transparent that provides a lot more information for the government which is taking the bidding process and so there is significant transparency there. we are seeing a lot of the foreign investment in our capital market. following the events, train to
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what is the sales pitch for you and investors -- u.s. investors? >> we are doing business a lot easier than what it was before. there is a lot of opportunities that we think are available for u.s. companies. financial sectors and mining site tours, entertainment and others. there's a lot of opportunity and we believe it provides great opportunity. tranter's interest in his royal highness' meeting with media and telecom as well. folks at apple, et cetera. would you want to see in terms of media in the kingdom? >> what we are doing basically is that there are multiple factors open, lots of opportunities that will generate not only an investment for the investors, but also mutually jobs for ideas. trade your excellency, this is incredible what you're doing. best wishes and we appreciate your time today. thank you very much, mohammed
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al-jadaan, finance minister of saudi arabia. we will be rightr back. start winning today. book now at lq.com.
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maria: welcome back. house speaker paul ran addressing his future in congress. cheryl casone with the details. >> a lot of questions as rumors swirl about the future income and verses claiming the speaker is not going anywhere. a sports person pushing back against reports of other gop lawmakers that he is considering resigning in a couple months.
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steve scalise was reported to replace ryan. "the wall street journal" across the country are watching new york city as an example of how to cut down on traffic congestion as new york governor andrew cuomo tries to do tries to deal with midtown gridlock. supporting of the young vehicles driving the central business district midtown to help pay for repairs to the struggling in some say falling apart subway system. some have suggested charging an extra two to $5 for taxis and rideshare trips like goober as well as cars that are entering in midtown. a proposal for congestion pricing was voted back in 2008 but it failed to gain any support in the state capital. this may be a different story this year. the budget due april 1st. you may be able to buy your own meteor shower soon. face company astra live experience is planning the world's first artificial meteor shower in 2020. they will launch a satellite
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that can carry up to 400 artificial meteor is all different colors, and each costs an average of $40,000. the first set to be held in japan. you should also have space hacks working on artificial meteor shower technology. just in time for your birthday. maria: you go to meteor shower, would you think? >> i would hear cheaper than a fireworks show. maria: the paul ryan story expected to step down this year. i asked him not in back in february when he was here in the studio and he wouldn't commit to say no i'm not going to step down. he said i have to speak to my wife. the city haven't decided yet and he said i have to speak to my wife. >> there have been whispers about this for a while now. paul ryan is wildly unpopular with the trial days. the gop is really trumps party at this point. he's the heart of the soul of the party. when you look at the people
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stepping down like jeff flake, they tend to be out of line with the mindset of trump supporters. i would not be surprised to see paul aramco and i wouldn't be surprised if trump supporters are happy about it. maria: especially after the deal was signed. $143 trillion which people feel he rolled over. maria: i think all the republicans rolled over on the spending bill, particularly those in the senate. one thing about paul ryan, doesn't he get credit for pushing through the tax reform. the house did pass the obamacare overhaul with the vast changes to medicaid. so the house gets credit for that. that is what failed in the senate. i think i'd be sick and tired of working with all those bureaucrats, too. true to give them a lot of credit for the tax plan. he's been working on that way before. trade to complaining about people not wanting to touch the entitlement.
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the system and edison pomerantz wheelhouse. maria: good point. commerce secretary wilbur ross will join us talking terrorists and a lot more. a shortcut on wrong. the internet response after a uber driver managed to get stuck on a flight is stairs. we'll be back in a minute.
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retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver.
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maria: welcome back. more fallout from that fatal "fbn:am" crash. spending cars in arizona. lauren simonetti with more now. >> is just a couple years ago the republican governor doug ducey said, named, california is not making this easy for you. contest or driverless cars in ours date, on our roads. and now after he saw that video, which we had seen multiple times of the fatal uber crash when
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there is a driver not paying attention at the wheel. the governor suspending uber testing in arizona. he wrote this to ceo of goober. i was the emphasis of arizona's approach to economist vehicle testing in my expert patient public safety is also the top priority for all who operate this technology in the state of arizona. so there is an investigation going on, was that their software, censors? we don't know at this point. we did just get a statement and this is what they say. we proactively suspended self driving operations in all cities immediately following the tragic and event last week. we continue to help investigators anyway we can and will keep the dialogue open with the governor's office going forward. we also know that toyota is suspending testing in the state of arizona. the googles way mel has not. they say their technology would
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have never allowed this to happen. they also logged more miles on public roads then uber hats. a commercial robot taxi service in phoenix later this year. we will see if the public would get into one of those taxis. speaking of taxis, and much later story, but that another pr headache for a uber. a human driver actually landed up on the steps in california in favor of disco. made a wrong turn in passenger number three. it gets better than this. the tow truck came to tell him out in the cord snapped and the uber car actually had a garbage can. where's the garbage can picture. obviously no injuries here, clearly no deaths. but this is another problem for
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the company. maria: they market church street at market in san francisco. it was a safe way. they were trying to get out of the parking lot and drove down a staircase. maria: the tow truck snapped and hit the trash can. so what is going on with this company? will we see regulation for self driving vehicles going forward? the answer is likely yes. will a uber ipo next year as they deal with all of this? dagen: who haven't been in a car with some doofus who is not paying attention to the road and is looking at the direction, looking at google maps and not paying attention. >> at the end of this, this is one of the benefits of self driving cars coming the accident rate is still way less than some of those things you see from human drivers. we will see what happens. >> is making the argument --
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maria: that's the question you have to ask. you trust the machine more than a human behind the wheel? >> it's scary. i don't think people realize most airplanes already fly on autopilot. >> but it could crash with these automatic cars. who is liable? the software developer? >> that's a really tough question for us to answer. but there will be so many fewer crashes in the world of self driving cars that i think it's something we can figure out than that is just us being comfortable with adopting new technology. maria: but if you're so comfortable with the machine running things as opposed to humans, what does that say about humanity in the next 10, 20 years? really, you are betting the future on robots and on machines are not humans. that is a big statement. try to get your head around not
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in terms of what that looks like in 50 years. >> yeah, there's certain things were think we can trust machines and robots more and certain things where i want a human in there. dagen: a machine driving a taxi isn't going to be chewing gum, eating a salami sandwich, talking on the phone. >> the driver is 70% of the fair for uber. talking profitability. >> there is no hung over self driving car. trade to a human is not going to get hacked. >> to human error may be worse than not. >> by the way, not just self driving cars. we will have these vehicles where you can come over and dropped down in any part of the city. all the parking lot will take up the landing spots. this is pretty exciting stuff happening. maria: i suspect people will be working alongside robot.
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>> you have to be paid attention, unlike the driver of that car. maria: great conversation. dagen: robots probably aren't jerky. maria: they haven't figured that out yet. but i think that is coming. lauren simonetti. coming up, commerce secretary wilbur ross will weigh in. follow for facebook ceo mark zuckerberg is responding to the backlash as demand grows for the company to explain it data policy later this hour. back in a moment. so, my portfolio did pretty well last year. that's great. but the market was up nearly twice as much. that's a tough pill to swallow. exactly. so i started trading. but with everything out there, how do you know what to buy? well, i think my friend victor has just the thing for you.
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maria: welcome back. good tuesday morning. i am maria bartiromo and it is tuesday, march 27th. top stories at 8:30 a.m. on the east coast. stop stirring on the east coast, easing fears of a trade war of 2.5% across-the-board. the industrial 670 points. that was the third largest point gain ever. the nasdaq up 227. three and a quarter%. an hour away from the opening of trading. futures indicated a gain of 116 points. nonetheless up one half of 1%. nasdaq up 50 points two and three quarters 1%. global markets higher in europe.
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take a look at the ft 100 at 2%. 135 points higher. the ac up one 3% in the dax in germany up one and three quarters of a percent 200 points higher. asia overnight stop close higher. nikkei average up two and two thirds%. america first in the future of trade good president trump makes his first radio south korea. as part of the deal, south korea will stick to a quota of steel exports to the united states. in return from a south korea will be exempt from tariffs as the u.s. and the chinese are negotiating. joining me now, commerce secretary wilbur ross. thank you for joining us. >> good to be here, maria. i think it is important for several reasons are the agricultural community has concerns that we might disrupt their relationships with south korea. other parts of the community have other worries and some people thought it meant that we
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might be for sticking them in a time of war. none of that is true. the real key is it is a peaceful deal, negotiated deal that works through both sides, that accomplishes our purpose about reducing the steel and aluminum exports to us. 30% is a big reduction and it's about what we would have accomplished with the terex had the tariffs instead gone on. maria: is that the templates for what we should expect in terms of having this quota backend? >> each is in a different situation. we are ending up with reasonable negotiated deals, not warfare. we are prepared to go into as extreme in action as is needed. hopefully people will be illogical and negotiated deal. maria: most people understood
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what you were doing with china because china stealing their intellectual property and they are transferring technology from america to china. very difficult to really gain a true foothold in china. how long has the u.s. and china been negotiating getting better deals together? >> you could say forever. the important is things like steel, aluminum and autos, that is today. intellectual property rights, that's her future. we need to deal with those. we need to protect today's businesses and we need to deal with the future. maria: evatt chartier from the american institute, which shows what china is trying to do in looking at growing its market share, surpassing the united states to renovation. here's the chart whether it be new energy vehicles for high-tech ship components. industrial robots, high-performance medical devices. these are all the industries that tomorrow in china's
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transferring technology to try to beat that. >> that is absolutely the case. if they do it fair and square, that's a reasonable thing. our objection is to illegitimate, inappropriate processes. maria: let me ask you about the difference between what the president talked about slapping tariffs on $60 billion in imports versus what china said and they are going to do tariffs on $3 billion in products. >> well, i think china knows they don't want to have a trade war with us. so i think it is a very moderated response, probably an appropriate response from their point of view. what they've done with the 3 billion is targeted politically sensitive targets. maria: you know, it is not just the economic part of it, but also the national security part of it. another think china is doing is buying infrastructure in countries all over the world to get a foothold that their sea
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level and setting military bases there. is that right? >> that is right. that is going on in many countries all around the world. that is not a problem we are dealing with with the intellectual property rights. it is very focused on force technology transfers, force partnerships, cybersecurity, that kind of activity that impinges on our intellectual property. maria: 10 industries that are deemed off-limits to foreigners like defense, financial services, and that you can own more than 49% of the joint venture. as joint venture. is that what you'd like to see in the u.s.? will you put it off limits? >> you will see when they announce it's not my practice to get ahead of the president and what he announces. as you know, in defeat, the entity that regulates foreign investment has new legislation pending, both in the house and in the senate geared so that will be part of it and then some
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other action by the president will be the other part of it. maria: what you mean action by the president? >> he's going to be making some announcements. maria: and most people hear about the situation they hear the china part of it and they have implemented for a long time with regard to closing of the economy, but they are questioning your moves on aluminum is deal. i know you have incredible experience in this industry having been a steel executive yourself for many years. but wilbur, did you make a mistake by coming out with the aluminum and steel trade tariffs first before the china action? >> i don't think so because they cover different things. as i said, the chinese intellectual property rights activity is designed to protect the future. deal, aluminum, autos are designed to protect the president. look at the korea deal. i think in general the way people should judge this
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president is by what he achieves, not by what they fear he might not be able to do. that is a very, very hard thing because the economy couldn't grow more than 1.5% or 2%. while it is. they said they'd never get a big tax bill through. well, he did. he said we would blow up the world if we put tariffs on korea. well, guess what, we made a deal with korea. people have to judge by results, not fantasies. maria: but are you expecting, for example, 25% tears coming out of the european union? >> well, we are in discussions with the european union. i think you know i announced last week to joint communiqués, one with the german trade minister, one subsequently with ms. noll stram, the ec trade commissioner. we are making some progress. we don't have a deal yet. we have a long ways to go. but it is much more constructive
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dialogue than we've ever had before. maria: i guess you would imagine some of these countries will be hard-pressed to give up a $70 billion trade surplus with the u.s. which is what jermaine has right now? >> germany is the trade maria: is that sort of dent in the water until after the mexican election, secretary? >> now, i think ambassador lighthizer has done that could be put together. the political calendar is very tricky they are because they have their presidential election beginning of july. canada in june. our trade promotion authority in the u.s. runs out in july. and then of course we have the midterm elections here in november. they are very far into this year. the political calendar makes it very hard for some and as big and as complex as nafta to get done. maria: so it liked the lefty went in mexico.
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what happens then? you have a plan b? >> you do have this matter to deal with between the two countries. they do have the other matter to deal with. they have a huge trade surplus with us. since nafta was enacted, cumulative trade deficit with mexico is $1 trillion with a tee. that is a big number. maria: it sure is. which is that the finance minister of saudi arabia in the studio. obviously, what can you tell us about potential for growing economic ties between the u.s. and saudi? >> the tides are already very come in very significant u.s. is the largest single private direct investment in saudi. some 45 billions of dollars of saudi is around 11 and dependent on us for their import and they are depending about 11% on us for export.
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it's a very important relationship to say nothing of the geo-relationship with this between saudi and u.s. >> is certainly seems that the relationship is strengthening for sure. the commerce department you are going to be bringing back the citizenship questions for the 2020 census. you're going to scare people away, basically having people scare to participate. they will impede the accurate count. california's attorney general is planning to sue the united states government over the move. what you say? why is this important? >> the request was made by the department of justice quite a few months ago and since then we have been studying the problematic, economic and all the other factors related to the question. justice department feels they need it so that they can enforce section two of the voting rights
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act, which protects minority voters. that is the genesis of the request for adding this question back in. maria: do you think you learn anything more or do people get afraid and not even participate? >> there were people who are afraid and don't participate right now. the question is whether that will change and if so, to what degree it will change. we have heard from people on all sides of the equation. we've done elaborate analyses within the census department and we've concluded that the benefits to the voting rights act enforcement of asking the question outweighs these other issues. maria: all right, we will leave it there. always great to see you. >> thank you. maria: secretary arras, we will be right back.
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maria: facebook under fire for the stock is down again for the federal trade commission confirming it will investigate the data privacy practices or the stock is at 158 by 71, down
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almost 1%. talk about ceo mark zuckerberg among several technology leaders who have been invited to testify on capitol hill. he's already said he's not going to the united kingdom. he is going to send somebody else to eat with authorities in the u.k. what about the u.s.? if he doesn't show his face here, any blowback? >> this is one of the most interesting dynamics. every other tech company has excepted part of the job of showing up. i think i saw a cnn interview. he still couldn't get points across. when you have a ceo worth more risky to testify in congress than to deal with the backlash of not testifying, that is serious. at the minimum, cheryl needs to show. i think it's about time mark steps up in response. maria: we will see about that.
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>> the thing that my mind about the facebook story is the sheer hypocrisy. the obama administration did the same thing. use personal data from facebook for campaign strategy and they were praised for it. apopka sea is not that surprising after hillary's loss, the left has blamed fakers of social media for her loss. this is the big story but i'm glad it's in the news because it's important. maria: most people didn't realize that third parties for accessing all of their data and their friends data and everything else. dagen: time and again, facebook has shown a lack of responsibility. they didn't do anything to crack down on it. make sure that the data they knew the developers had isn't being misused. it was like in the valley girl voice of don't do that. that has been their attitude. again, time and again, the
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facebook live. they haven't police their own. maria: we'll keep watching that. when they come back, the founder and del of mitchell gold. mitchell gold and bob williams will join us to talk about their business. when even with the future of office space will look like. at any moment. ♪
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♪ maria: welcome back at launching into the future workspace to a
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new partnership between steelcase and mitchell gold and bob williams is looking to bring the luxury and comfort of your home into the office to joining us now is cofounder and ceo of mitchell gold and bob williams mitchell gold. great to see you. thanks for joining us. we are all fans of your furniture in terms of home furniture. but we want to ask you what you are debuting tonight for the office? >> it's a seismic shift in the way office furniture is being sold and worked out now. our partnership with steelcase is part of the research they did in 17 countries for over 12,000 people asking what they wanted an office based on what would make them more is, more engaging. what they found, which is something we knew all along is that when you do put beautiful, inviting, warm looking furnishings and collaborative areas or just in your entry area, it really says to people what kind of company you are.
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maria: what does that mean? a company in what regard? >> people perceive the company to be more progressive. people who see an office like that perceive the company cares about them. it is interesting older people like myself see a collaborative area with a couple of chairs and everybody gather together and talk to each other and get together. they found younger people, millennial look at it and say i can put my headphones on, my laptop and have more privacy. maria: interesting. maria: the other thing that is interesting as people work in collaborative areas. they feel they can trust the person they're talking to more. instead of sitting across the desk, sitting next to somebody really creates a better feeling of trust. >> so i can see how this collaborative work environments will be wonderful for a lot of industries like marketing.
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i have a lot of friends who work in industries like engineering or computer programming where they may need more space or privacy away from other people. do you think furnishings and works that it should be different for different industries for an overall push to the collaborative workspace regardless of industry? >> one thing for sure is no one-size-fits-all in different people work different ways. part of the excitement his offices are going to have all these different kinds of spaces. personally for me, i need quiet when i'm doing certain things. i want the door closed. when i'm interviewing someone that's important. the big thing is, you really have to create offices to work for everybody. with me interviewing people now, how do you like to work and when you say i like to be in an open area, you can adjust for that. dagen: i like the idea of asking somebody who's never had a job how they like to work. i'm just kidding.
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>> what is the coolest thing under office you've seen? is it the playpen cc in silicon valley, what's the most fun or interesting? >> that's a good question. we have several pieces with tibetan for, like a furry wool kind of seating with polished chrome bases and stuff. the same could be really popular and speak to just a funky feeling in an office. tranter really cool stuff. mitchell, great to have you on the program. mitchell gold joining us. we will be right back. hy beard of a pre-pubescent squire! thy armor was forged by a feeble-fingered peasant woman... your mom! as long as hecklers love to heckle, you can count on geico saving folks money. boring! fifteen minutes could save you
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maria: great show, everybody. [laughter] maria: good to see you, have a great day, right to stuart varn. stuart: investors are in buying mood again, good morning, everyone, we have to start with usual caution, we can tell you how the market will open today but we cannot tell you how it would close, i guess that's kind of a warning. look at this, green arrows all across the board, the dow, s&p and especially the tech-heavy nasdaq will be up at opening bell again today. forgive me, please, for going back to yesterday, a new show, hit a little history but that was some rally, wasn't it, the third best point for the dow ever up

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