tv Mornings With Maria Bartiromo FOX Business April 16, 2019 6:00am-9:00am EDT
i'm maria bartiromo, thanks for joining us, it is tuesday april 16th, top stories right now before 6:00 a.m. on the east coast. tragedy at minority dome historic cathedral goes up in flames, hundreds of millions of dollars pledge today rebuild this incredible landmark. we are waiting on bank of america as well as blackrock, dow component jonson and johnson, we will have the numbers for you and tell you how it's impacting the markets right away. telecom giant selling snake hulu, what the deal means for disney days after unveiling own streaming survey, disney plus. college admission scandal, lori loughlin and husband pleading not guilty, mornings with maria begins right now.
i will get you the latest on notre dame. blackrock numbers this morning just hitting the tape, we within the to get those numbers right away and show you the stock, this is the largest asset manager in terms of aum, they are talking about almost $6 trillion in assets under management at blackrock and the company is reporting its first quarter this morning. the stock is pretty much flat right now at $452 a share, those numbers are coming out and as soon as they come up we will tell you if it's impacting other asset managers and other financial services, by in large, financial services earnings have been better than expected and we did hear last week, jpmorgan, goldman sachs, goldman sachs taking the broader market down with it yesterday, we want to get that coming up as soon as the numbers hit the tape we will have those for you, united health crossing the wires right
now. meanwhile we want to turn the massive fire in notre dame cathedral, officially out this morning, cheryl casone with the latest details there. cheryl: pictures coming out of paris, daylight is there, maria, firefighters were able to finally save the historic cathedral from complete devastation, massive blaze burned for several hours, 9 hours to be exact. the fire and roof collapsing under intense flames, images incredible to watch, gasps on the streets of paris the moment that the fire fell, people watching horror play out but they did come together to pray and to sing hymns. ♪ ♪
cheryl: we should say a beacon of hope from inside of minority come, one of the first photos show a cross intact, remember, it's holy week, precious artifact including the crown of thorn, president macron vow today rebuild and billionaires pledging hundreds of millions of dollars for efforts to rebuild, lvmh arnault promising 200 million, the family pledging. we are hoping about what they can save from inside of notre dame. maria: really incredible, cheryl, we will keep following the latest reaction to that and joining me right now with his own reaction chief investment officer federated investors, author of the new book missionary of wall street, steven, good to have you on the
program. the book is managing money to saving souls in the streets of new york, your reaction yesterday? >> the cathedral in middle ages were thought to be a place where god came onto earth, heaven on earth and they built these cathedrals, what really allowed them to build these heights with these glass walls which without any steel only with stone, figured out how to do that and when you went inside notre dame which was always the first place i would visit when i go to paris, you get a sense that you're in heaven on earth and to watch this come down just very tragic. maria: it really is.
no money that could be given to replace what this cathedral represents and what it represents in its form. it's sad, why did you write this book, the missionary of wall street? >> i wrote it, maria, because we have been doing this for a decade now in the streets of new york and a lot centered around holy week actually, i found over 10 years the book is full of conversations with people about faith and people of faith increasingly we've kind of pulled back inside or own walls, you know, the dialogue is increasingly secular and it's really meant to inspire people and go out there and talk to people and if you do it and engage them in joyful loving way you can have amazing conversations, actually last night we start the mission again this week and we get a lot of french people at this time of year and the french people, beautiful poynant story about light and darkness, but last
night we had some french tourists with us and, you know, we ended up just praying in the church together. it's very tough for them. maria: i'm sure it is and how beautiful to be able to get the gathering together and incredible that this tragedy takes place in the beginning of holy week, it's almost -- it's amazing. >> it's amazing. maria: timing of it right before easter and castover and the jewish religion as well. you have been one of leading investment officers in terms of calling it right. we have earnings coming up letter than expected, blackrock this morning we are waiting on, how would you characterize the earning season and the backdrop for investing today? >> it's going okay, maria, i think most people are looking at the fact that by now it's clear we've gone through a soft patch,
by march we start today reemerge. i'm not sure how much -- how bad earnings need to be or less bad for the market to go up. our idea is the market is looking forward now and sees all the stimulus coming out. we will get the china deal soon and virtually the entire market, all thinking it's going to roll over, people focused on earnings, but everyone knows that earnings is for a quarter that was particularly weak and a lot of companies will get a hall pass, provide guidances it's okay, that's what we have seen so far. maria: many people are looking beyond what are expecting to be, decline in earnings but looking more toward the end to have year in 2020 for any guidance from the companies, have you been able to glean in trend in terms of guidance for the company? >> well, we are seeing, maria, coming into the quarter earnings are starting to tick up again for the last year, we were in the last 6 months down trend and
now we are seeing earnings pick-up, i think that will continue to happen through the quarter and the market is cheap on that basis, right? maria: you still want to buy stocks? >> we put out a piece last night talking about a melt-up. we had a big move but all we've done right now we trace where we were, we really haven't gone higher yet. maria: you know you have the fed on your side? >> i have the fed and ecb and about to get china. maria: that's true, all really good things. >> fundamentals are good. maria: thank you for the book missionary of wall street very nice to start interview with that, taking a look at what you've written in the face of this tragedy that we've all watched yesterday. >> yeah, it's a good read. maria: at&t selling its stake in hulu, dagen with lots of implications. dagen: hulu had long way to go
before it ever looks anything like netflix, at&t sold minority stake in hulu back to the overall company with 9 and a half percent stake for $1.43 billion, here is the headline, this values hulu at around $15 billion, what is netflix worth? 150 billion, netflix, 139 million, who are the owners of hulu that are left, wallet disney owns roughly 60% stake after buying assets of former parent company 21st century fox and comcast holds a 30% share in the business, those two companies have to come together and figure out, you look at the ownership, they did have to figure out how to divvy up the 9 and a half percent stake, a, the and warner media selling this, developing its own, new on-demand video streaming service.
as for disney, not to complicate things, disney unveiled disney plus last week, it's going to have star wars, the marvel films and espn plus and will continue to operate hulu obviously, unclear how the new ownership is going to impact what hulu keeps in library and in terms of streaming services there's another one that has something to crow about and that's hbo, paid channel but also hbo now and hbo go streaming platforms and game of thrones the premier of final season of game of thrones came in with record for debut season, that was an 8% jump from the season 7 premier that did include all the streaming services there. this is the most popular show in hbo's history, more popular than the sopranos. i can't figure that one out myself, what again what have you done for me lately is the question that hbo has to answer
now that this incredible series is going away, maria. maria: well, look, what really struck me at&t accidentally streaming game of thrones hours before it was suppose today debut, dagen. dagen: what are you doing? what are you doing to us here? in terms of game of thrones, do i want to point out that hbo is apparently working on prequels, potential game of thrones prequels, i'm still in season 3. maria: let's not forget, a company that acquired hbo and wants to get all, you know, content, at&t does and then they release it hours early. dagen: i used to subscribe to hulu live, $45 a month, live programming, now youtube tv which i shut down my hulu tv because it was awful, the interface is terrible. in my opinion, i'm on youtube tv now and it cost -- it's going up
to about $50 a month and worth every dollar. maria: let's see what comes out of merminged -- merged company. blackrock earnings hit the tape, we have the numbers finally, ashley webster. ashley: good morning, 661, estimate was 61 3-rbgs revenue on 3.35 billion, that's a beat just the estimate was 3.1 billion, just looking at assets under management that's back up to 6.52 trillion, if you remember in the fourth quarter for blackrock they saw a lot of outflows, a lot of volatility and the number had dropped before 6 trillion to 5.98, this is a good sign for the company, more clients putting their money back in and blackrock, of course, seeing that number
rising very nicely, indeed, so there you have it, i'd say the headline numbers are pretty strong here, assets under management is strong, long-term net inflows of 59 billion, that's a strong number as well, the operating margin coming in close to 37% above what is expected, maria? >> what's the aum number. $6 trillion earlier. ashley: 6.52 trillion. maria: incredible. maria: coming up lori louglin pleading not guilty. cutting military aid, that's what alexandria ocasio-cortez believes the u.s. should consider, the controversy coming up, stay with us some things are out of
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maria: welcome back, big program, former chairman and ceo of google, johnson & johnson cfo executive vice president joseph walk is here on the heels of earnings, chief economic adviser mohamed joining us along with fox senior strategist analyst jack keane, dr. john sexton is here. we want to talk now with great panel cutting military and economic aid to israel, that is what freshman congresswoman alexandria ocasio-cortez is suggesting, she says it should certainly be on the table during podcast she went onto describe newly reelected prime minister benjamin netanyahu like a trump-like figure.
former presidential candidate steve forbes and bob nardeli. >> the democratic party these days mcing more antisemitic and what's shocking is the leadership doesn't call them out on it, pelosi, the speaker is taking shots at aoc but they really haven't gone after the bad members of their caucus. maria: when her colleague made comment about benjamins it was hard for leader pelosi to denounce it. they wanted to come out with a bill anti-semitism, no, no let's do antihate, they had a hard time denouncing it, why? >> because the base of the
party, the activists more and more antiisrael and they will say it's antisemitic and they will peel it away. omar came out talking about the benjamins, doublenationty and that kind of thing and so they all fear in that caucus the activists will come after them in primary, they want to avoid that. maria: that's what they're doing. dagen: congressman omar's comments go way beyond about the comments about the benjamin, antisemitic probe, they go back as far as i can see to at least 2012 of things she has said online on social media, on twitter and the likes, this is not something new in terms of the rhetoric used by this congresswoman, number 2, israel, the most critical ally of the united states in the middle east
. i've said this before, when you marginalize and try and quiet this kind of antisemitic rhetoric, you are normalizing anti-semitism and it wasn't that long ago this kind of thinking led to the murder of 6 million jews and i think the democrats need to think long and hard about normalizing and making it okay to speak this way about the jewish people. maria: you're absolutely right, i can not head around it why they could not denounce it. you're right in terms of primaries, that's what aoc is doing right now. she's trying to come up with replacements for people like jerry nadler who is the chairman of the judiciary committee right now and they're all worried that she is going to come up with
candidates to take them out, so yesterday nancy pelosi, she went after aoc in a back-handed way, she said yesterday, any democrat could have won ocasio-cortez's district, watch this. >> when we won this election it wasn't in districts like mine or alexandria, however, to the wonderful member of congress, all of our colleagues will attest but those are districts that are solidly democratic. maria: glass of water. >> interesting speaker pelosi has distanced herself. when she was asked the other day about that, there's only 5 or 6 of them, and the interviewer said, she's progressive and speaker said, well, i'm progressive too and so it's going to be an interesting, i think, set of situations going forward. maria: we will see about that.
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maria: welcome back, college admission scandal after lori louglin and her husband pled not guilty, among dozens of people charge sod far, the list, of course, including felicity hoffman agreed to plea guilty, children of those charged are notified, could be subject to criminal investigation. that's according to new york times, joining me president of new york university, standing for reason, the university, john sexton is here, john, great to see you. >> great to see you, maria.
congratulations on the book, we are getting first crack at you, the book is out this week and, of course, we are in the middle of all this news as it relates to the university, so let's talk about first your reaction to college admission scandal. i want to ask you about getting into college, why this has become so difficult and expensive, but your reaction first? >> it underscores higher education is and what a difference matching students with the right college is. in the life of a child going forward, if you want to begin to track good policy you should look at all the people are doing that have all the voices and all the resources and the scandal is rooted in the fact that there's an appreciation for a really good college education. maria: that's a really important point actually, you're right, but now that's up for debate. >> no, no. maria: look at skill sets that
are needed for the way to thrive, you know what, i'm too expensive, i'm not going to university. very few people are saying that, the people as i say with all the choices and information aren't behaving that way, they are hiring tutors for students to do expensive schools. it's strull chuirl, this was bad people acting badly, if you go back to book written almost 15 years ago by the former president of princeton reclaiming the game, he talks about the problem created by an overemphasis on athletics in our universities. he talks in best schools 40% of the men are admitted by coaches, recruited athletes, so this is below the surface, why are we emphasizing sports so much, nyu does division 3, we learned 50 years with basketball scandals that this can be a source,
scholar athletes are important but they shouldn't drive the process of education. maria: i'm glad that you mentioned that, full disclosure i'm on the board of nyu and i'm proud to be part of the university's trustees board, have you ever seen anything like this in terms of this scandal where a coach is going to decide and get the kid in and say -- have you ever seen anything like this? >> the kid is the best thrower in the world. maria: she wasn't. were a kid shouldn't do it the drawing. let's look at the structural problem. when this all started in what was first athletic league, the ivy league it was about scholar athletes, charles elliot of harvard said 2 cheers for harvard and 3 cheers for yale, different emphasis than the show that's driven in part by the media. maria: how does this happen?
let me ask you about the book, you wrote a book, standing for reason, the university in dogmatic age, why have things become so dogmatic? >> you know, 60 years ago as a catholic in brooklyn i was taught that my faith was the only way to heaven. 60 years later i can be in a conversation with leaders of 25 religions about how we benefit by seeing the world through each other's views, meanwhile as theology has moved our politics has moved in the other direction. my father was head of jefferson democratic and streets cleaned and today we have politics by revelation not reason. we somehow get our political views from outside. we are alegger toik nuance and complexity and the case i make in the book is that our universities are uniquely suit today play the role of against
this nuance and complexity. they should be places for real dialogue, genuine dialogue the way i used to do it and the way you use today do it in competitive debate, you didn't know which side you were on until the coin was flipped and you had to listen to the opponent in order to answer the argument. maria: which is why people want to see more diversity in the university across the board in academia, is enough diversity, thought from both sides, liberal and conservative? >> if you had been at the law school faculty meeting last week where i was you would have seen intellectual debate and diversity. again, there's a lot of press around this and a few stories drive it but with tens, maybe hundreds of thousands of speakers coming to campus the examples were either the left amendments to suppress the right or vice versa come to a few dozen a year, so, again, this is a distortion, i think, of what
actually goes on in our campus, probably would surprise your listeners to know that polling over decades has shown that conservative members of faculty feel more comfortable on campus and that the dominant political stripe of faculty members at the top 10 universities in the country is -- is moderate, not liberal, not conservative. maria: john, the book is so important and you studied religion and taught religion for many years, no doubt you have a reaction to what took place yesterday in paris. notre dame. >> this is not just a matter of religion, although, the cry of humanity when they build such things over centuries there's more to life, it's part of what's at stake, this is civilization and we lost one of the great artifacts of civilization but we will rebuild it in the same way the athenians
rebuilt athens and the way new yorkers rebuilt new york and that will show impulse of civilization is with us. maria: that's the kind of optimism that's in the book this morning, thank you so much for joining us. >> thank you, maria. maria: such a sad day, dr. john sexton on nyu. latest on border battle, president trump's plan to send illegal immigrants to sanctuary cities. shares of ride-sharing company down this morning
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earnings, the focus this morning from wall street, blackrock profit was down 3.3%, united healthcare rises, stock is up 2% this morning. bank of america and johnson & johnson due this half an hour, we will have the numbers and take a look at how it's impacting markets, futures the morning indicating the markets will open higher, pretty good rally underway already, dow industrials up 112 points, s&p futures up 8 and nasdaq futures up 31. yesterday's close really had some pressure because of the goldman sachs earnings and pressure on the stock dow industrials down 27 points at the close, s&p 500 down 2 points and nasdaq was down 8, in europe this morning, the situation is better as you can see, it's a mixed story, ftse 100 up 25 points, third percent, cac quarante down 5 points, and dax index in germany up 71.
in asia markets finished like this. china was very strong, better than 2%. off the table, the u.s. reportedly agreeing not to seek the death penalty against wikileaks founder jillian assange, lyft taking a fall, ride-shair company falls out from investors and faces trouble with bike and scooter units. first top story this half an hour, president trump touting the economy specifically tax reform, the president also took time to comment on the southern border. >> it would be a lot of easier if congress would get together and the democrats would agree to get rid of loopholes, horrible and foolish loopholes a sigh lum is a ridiculous situation, people come in, they read a line from a lawyer that a lawyer hands them out online, they read it, you look at some of the people, you want protection from them and they said we need protection from the country and in the meantime they are carrying their country's flag,
2,000 miles walking up the journey, it's a big con job is what it is. maria: visiting the u.s.-méxico border today, house homeland security member john joyce, congressman, good to have you on the program. >> good morning, maria, greetings from phoenix. maria: tell us what you're expecting and what can you assess from what you've learned? >> we are here to look and see, the shine the light os what's going on in southern border, we know that last month over 100,000 undocumented aliens presented themselves to our border. are workers here are finding that hundred thousand came between ports of entry, had we built the wall, we would be protected and i come from a
district in south central pennsylvania, heroin and fentanyl through southern border have devastating impact on my district. find out what's important and work harder to support and strengthening southern border. maria: i think you have to do more than shining light, flores settlement, the asylum standards, the fact that 70% of the people are coming from this triangle of countries where we can't even send them back there, are you going to get with your colleagues and write some legislation as senator lindsey graham said will do to fix loopholes in immigration law? >> and representative doug collins has done so additionally. we need to raise the standard for asylum seekers, we need to be able to return unaccompanied children to their homes and to their families.
this legislation is there and by working to see what's going on here and working across the aisle and letting the democrats know how important it is, the message that we are receiving here on the southern border, i will take back to washington and work to vote for this legislation that will strengthen our southern border. >> congressman, steve forbes here, some people suggest using some of the old-mobile homes from the katrina storm and sending them to southern border and housing these people and having judges come in to hear their cases 2, 4 weeks, measures like that, short-term can deal with this influx people instead of letting them wander around the united states. >> i think the impact has to be addressed very certify -- seriously, we as legislators -- >> yeah, what's being done right now practically that could deal
with humanitarian crisis? >> what is being done right now is not enough, we need to go back and vote to put more energy to do what the president wants, to secure the southern border, to make us stronger, to stem the tide of undocumented that come here, to change what the asylum seekers are looking for to achieve, to strengthen our border, our defense has been incredibly weaken and my job as a member of homeland security is to fact-find, to take this and allow the democrats to work with us to make for a stronger legislative team and to protect our country from this massive influx that's occurring. maria: congressman, stay with us, we have to look at johnson & johnson earnings, ashley webster as we see j&j beating expectations with first quarter, ashley. ashley: they are, certainly on add gisted basis on earnings per share, 2.10, 2.03 was estimate as you can see on the screen,
20 billion, slightly higher than 19.6 that was estimated. you know, it's interesting the consumer business for johnson & johnson was pretty sluggish and overall this quarter up 7%, 3.3 billion, the pharmaceutical side of the business doing better, that's up 7.9% year over year, 10.2 billion, the guidance on the earnings guidance just up a little bit from the latest there from the last quarter estimate, the revenue guidance, though, is pretty much unchanged. you can see, premarket, the stock moving slightly higher, just up 6 tenths of a percent, maria. maria: thank you so much, we are back with congressman john joyce, i want to tell you about op-ed bus bill mcgurn wrote op-ed, the fbi needs grand jury, saying, quote, if the federal bureau of investigation is to recover lost reputation, the first item on the attorney general william barr's agenda is
make good on something that set off frenzy, honest accounting on spying of the presidential campaign of donald trump, he urge it is use of grand jury, congress, what's your reaction to this, we know what took place in 2016 election, we have all democrats going nuts trying to find out complete unredacted mueller report. maybe we need to go back to mueller report and mueller investigation all the way back to fbi investigation and find out what the origins were as bill mcgurn writes. >> i think, maria, we need a level playing field, if this investigation, this 25 million-dollar lengthy investigation on the president which showed no collusion, we put that to rest. it's time to move on and if there were other investigations, if there were other unsavorily activities that were occurring, they should be evaluated as well. maria: all right, we will leave it there, congressman, good to
have you on the program. congressman john joyce joining us there. lyft extending decline this morning, take a look at shares, rough go since going public whether he recollects check it out when we come right back down 6% back in a moment. since my dvt blood clot i was thinking... could there be another around the corner? or could it turn out differently? i wanted to help protect myself. my doctor recommended eliquis. eliquis is proven to treat and help prevent another dvt or pe blood clot...
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the lexus es. every curve, every innovation, every feeling. a product of mastery. lease the 2019 es 350 for $389 a month for 36 months. experience amazing at your lexus dealer. maria: welcome back, breaking news, bank of america earnings are out. ashley webster with the very latest there, ashley. ashley: we are started out in drips an drabs to be honest with you, on earnings per share
coming at 70 cents, beats 66 cents. looks like revenue stable at 23 billion which is just about where the revenue estimate was, 23.3. let's have a look here. loan and lease balances, rose 33 billion or 4%, that's a positive. again, revenue right at 23 billion, maria, so this is coming out in drips and drabs. it was a challenging capital market's environment for the quarter, brian calling it challenging capital market for bank of america. that's the headlines we have right now. we will continue to go through the numbers, maria, but the beat on top of bottom, loan and lease
numbers are up 4% which is more, you know, this is a stock let's not forget that lost 17% but up 22% year to date and you can see not wowing, down 1.3%, 39 cents, but we will continue to pass through the numbers for you, maria, if we pick up anything else we would be sure to bring it to you. maria: trading revenue down in the quarter and that's one of the reasons that brian is talk about this challenging capital market's environment. >> right. maria: but the stock is down, i think it looks like it's reacting to challenging market, capital market business as well as trading revenue being down. we will keep watching that, thank you, ashley. new details on the arrest of jillian assange. cheryl: united states reportedly agreed not to seek the death penalty against the wikileaks founder during negotiations with ecuador.
abc news is reporting that deputy attorney general rod rosenstein verbally okayed ecuador's request, assange is charged with taking part in hacking conspiracy to break into a pentagon computer, you're watching video of his arrest in london. well, taking a look of shares of lyft, the stock continues to slide after going public, the stock is now trading 22% below ipo price of 72 bucks a share. disappointing performance coming after lyft priced its ipo above expected range that sold more shares than anticipating, investors losing confidence after 12% drop in second day of trading and a number of down beat reports from analysts, maria. maria: thank you so much, we have to take a short break, we have tax day now behind us but the best way to spend your refund if you actually got one, we are talking taxes.
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maria: welcome back, tax day in rear-view mirror for most of us, time to start planning in how to spend refund, according to internal revenue, ramsey financial expert chris hogan, i know your first piece of advice, use any extra money you have coming in to pay down that debt you may face; is that right? >> maria, you know me all too well. [laughter] >> listen, $2,900, $241 to live on a month. this refund is not a bonus check, this is your hard-working nan the government has been
holding onto. you want to make sure first that you make the steps, make adjustments an withholdings after talking to tax professional and let's get the money back. do i want people to make progress with this money, first thing is first, if you're getting refund and you don't have emergency fund, let's put money aside, once you have the emergency fund in place, then i want you to definitely attack debt, get debt out of your life, when you get out of debt you give yourself a raise and allows you to make more progress for you and your family, if you're out of debt, next you can start to invest, i want people to invest 15% of their household income to prepare for their financial future. now, if you have already done these things, maria, if you have a savings, you're out of debt, you're already investing, it's okay to enjoy some of this refund, you just don't wanting to -- wanting to crazy. >> what do you tell parents especially when they get this
refund, what should they do in terms of college fund? >> well, it's really important, steve, thank you, good to see you too, my friend. i advice people to take a look at educational savings account or 529 as a way to save for college. many ways for kids to get a higher education, this is not something that you feel the whole burden on but you can definitely help once you begin to help yourself. >> hey, chris, bob nordeli here, you mentioned at times to build on steve's comment that a lot of millennials are saying that, you know, college education isn't worth it and, you know, speaking for myself not a millennial, of course, but i tell you i'm blessed to have been able to get a college education and has helped me significant. what's the advice out there about -- about college? >> well, bob, i can tell you this, you know, looking at studies a lot of millennials regretting the student loans. i don't think it's necessarily
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maria: welcome back. good tuesday morning, everybody. thanks so much for joining us many i'm maria bartiromo. happy tuesday. it is tuesday, april 16th. tragedy at notre dame cathedral yesterday. i'm sure you've seen it, officials are inspecting the damage after firefighters put out the blaze. hundreds of millions of dollars have already been pledged to rebuild this paris landmark. incredible story. incredible pictures. earnings the focus on wall street this morning, bank of america with a slight miss on revenue. johnson & johnson with a double beat, better than expected earnings and revenue. united health rebounded following its earnings as well. take a look at the stock. united health is up 1 and a
third percent. futures are very strong. no real economic data or reason for this triple digit rally this morning. the dow industrials are up 115 points. s&p futures are up 9. the nasdaq futures up 31. yesterday, financials were a drag on the markets and we had a mixed showing at the close. dow industrials were down 27 points, s&p 500 gave up 1 point and the nasdaq was down 8 points at the close on wall street yesterday. in europe this morning, mixed story, mostly higher. fq100 up 30 points, cac in paris down 3 and the dax index in germany up 69. in asia overnight markets up, as you see there, telecoms were higher. shanghai composite was the best performer, up 2 and a third percent. the jee german zoo survey was on germany, not a reaction to stability in terms of economic expectations there. military cuts. alexandria ocasio-cortez is facing criticism this morning after she said that the u.s. should consider cutting military and economic aid to israel. a dramatic finish, a marine
running the boston marathon for fallen comrades crawls across the finish line in a dramatic end to the marathon. we'll show you those pictures. joining me to break it down, fox business network's dagen mcdowell, forbes media chairman, former republican presidential candidate, steve forbes, and bob nardelli. great to see you this morning. >> great to be with you. good morning. maria: good morning. dagen: good morning. bernie sanders, that town hall last night, we'll get into it. but he's smart. he's got a way, he's going to try to sell medicare for all to the american people. maria: the way he explained it made it -- made medicare for all look good. meanwhile, we always say that this is another federal program, a big federal program that's going to wipe out the private insurance industry. dagen: basically you're going to get more healthcare for less is his pitch and if you change jobs, lose your job, get laid off, there's no interruption in your health insurance coverage because the government's going
to handle it all. maria: is that the best part of the pitch, if you change jobs, you getting coverage? is that all you got in terms of the positive for this? dagen: i was listening to what he was saying and i was saying you can call it medicare for all but medicare as we know it -- seniors love it. they're consuming way more healthcare than they ever paid in to cover over time. that's why literally in seven years the hospital trust -- the hospital insurance fund, for medicare, it goes broke. it runs out of money, benefits get cut to 91-cents on the dollar, that's all that could be covered by the money flowing into the program. why don't you fix that before you try to expand that and sell this crazy idea to the american people. >> we have a lot of companies that provide services to healthcare and when we talk to a lot of the doctors, some of them won't take it because of the
bureaucracy and the amount of time it takes to fill out the forms. steve, they're collapsing the number of categories that you can actually bill through medicare. so i think you're right, dagen. they've got to fix what we have, and again, no -- i love our veterans, but if you look at the federally run service to our veterans, and i noe know he'll argue against this, but that's not a good role model for healthcare for all. dagen: he did argue against that, by the way. >> i know. dagen: i will say this. when you have a government-run insurance program, it means price controls and it means rationing and doctors that won't accept it. >> sounds like bernie sanders should be selling stuff on nighttime tv, have i got a deal for you. [ laughter ] >> this one, absolutely right, the only way they control costs in europe and elsewhere is through rationing, making you way or denying you coverage. we all know the story in england, you need kidney
dialysis, you're above the age of 60, 65, you'll never get it. dagen: they do a cost benefit analysis. like are you too old to get this half million dollar cancer drug. >> it kills innovation. we're on the verge of a lot of great cures in this country. maria: i really want the government telling me if you i can get that mri or whatever. >> bernie, what he's saying is, you'll lose your insurance now. when you lose your job there are programs, called cobra. maria: you've got it right. dagen: in terms of what's sold on late night tv, i saw miracle water being sold and that's what bernie sanders is essentially selling to the american people, i've got miracle water. we can debate it all day long. i will warn the republicans, they he bettebetter have an ans. maria: we've got breaking news, the fire is finally out at notre dame. officials in paris are inspecting the damage.
everybody wants answers. cheryl casone with more on that massive support that is pouring in this morning. cheryl: answers and charity, maria. it's just a after about 1:00 p.m. in france. firefighters scrambled yesterday to save the iconic landmark from complete devastation. that fire burned for nine hours. of course, the dramatic pictures of the spire, there it is right there, and the roo roofing roofg from intense flames. people watched in disbelief. they came together to pray and to sing hy mns. ♪ [singing] ♪ cheryl: well, look, folks, ahead of good friday, a beacon of home came from inside notre dame. one of the first photos from the aftermath shows a cross intact,
look at this. reports say precious artifacts including the crown of thorns have been saved. france's president is vowing to rebuild. more than $200 million has been promised. one family is pledging more than $100 million and henr henry kraz decided to contribute $10 million. i'm sure they're not the last. we'll see this amazing landmark rebuilt. maria: it's great to see those people come forward and donating. it's a busy morning on the earnings calendar. ashley webster with the details. we just got j & j, which is better than expected. ashley: let's focus on bank of america and united health. start with b of a, the giant bank on the earnings side, beating on a per share basis by four cents. profit actually rose year over year. that's the good news.
there was also bad news for bank of america. sales and trading revenue down 18%, equity trading revenue down 22%, to $1.2 billion, leading the ceo, brian moynihan at bank of america to say this has been a challenging capital markets environment in the first quarter. that revenue number coming in about what was expected, at $23 billion, just a little shy, perhaps, of the actual estimate of $23.3 billion. but overall, trading revenue a big market for the big banks down in the first quarter for bank of america. and as you can see, overall not too bad. the stock actually went down on the news initially but has come back a little bit. united health, a much roseyer outlook overall, boosting full year profit outlook, premiums up nearly 8%. the earnings per share beating by 1 13-cents. revenue also beating nicely at
$60.3 billion. that's up by the way, revenue up 9% year over year. the real crown jewel for united health is the optum segment of the company and the health, the insight, the rx, a all of those numbers showing positively. united health revenue $48.9 billion, all in all, united health a solid report. maria: ashley, thank you so much. the stocks are rea actin reactis morning on united health, up 2.5%. johjohnson & johnson as well, revenue of $20.01 billion, the numbers beat analyst expectations on the top and bottom lines. joining us right now is johnson & johnson cfo and executive vice president joseph walt. good to have you on the program. thank you for being here. characterize the quarter for us, what drove the business in the last three months? >> so we're extremely proud of the accomplishments of our global associates across the
company. we had highlights in all three of our segments. a great start for the year. pharmaceuticals, there was concerns in the investment community about how much impact generic erosion would have. we were able to stem that with great performance in our core products across immunology, neuroscience, oncology and pulmonary hypertension. we were also able to look longer term too and get some new products approved for patients that are going to have valuable meaning in their lives. in medical devices, we continue an upbeat trend. our best quarter of growth since 2016. and we're looking forward to achieving market performance or better next year. in consumer, we did see a little bit of a slowdown with respect to the overall market but we're very encouraged by the strong share performance we had, particularly in over-the-counter medicines such as tylenol which regained its number one status across analgesics and neutrogena continues to perform very well within the beauty space.
>> bob marc nardelli here. there was early speculation that corporate earnings were not going to be very strong this year, that they would be down significantly year over year. so the percentage may be lower. but you guys certainly had a gooquarter. projections for the balance of the year, sustainable? you talk about good consumer drugs and opportunities. what's the forecast look -- give us the real story. >> yeah, so bob, if you look at our guidance that we provided in january, we're actually more confident today in that guidance. we were able to take up this morning our operational performance. that's being offset by a stronger u.s. dollar, but again, for the business overall we think the outlook is very strong and then once we have the opportunity to anniversary some of the impacts from generic erosion on a few key products for us, you look out to 2020, it looks extremely bright. we're very optimistic about the future. nice thing about our results this quarter, bob, we were actually able to increase our
investment in r&d by about 19%. so while the short-term looks very, very promising, we're even more emboldened by the long term. >> steve forbes here. you mentioned about r&d for the future. have you had a chance to really gauge the impact if the government has more and more controls on drug pricing, what that's going to do to innovation at your company and other companies, if government puts more and more price controls on? >> yeah, so steve, i don't know that i can do a better job than what you did at the outset of the segment. but the u.s. system needs some fixes but let's be clear. it is clearly the best system in the world. it inspires innovation. we've got the best scientific developmentses here in the u.s. and then i just take it from the simple standpoint of you'd have about 180 million people who would lose employer provided health benefits day one of this plan. and then you look at access and
choice which is important for u.s. citizens. we've got a great product, a life-saving product known as darvolex for mulle multiple mye. that was available here in the u.s. earlier than no where elsee in the world. maria: what is the plan, in terms of generics going offline? >> we're going to have a great opportunity to share our complete pipeline with analysts on may may 15th on analyst day. we had two significant approvals, one for treatment resistant depression. in the u.s., we had 45,000 suicides last year. about three-quarters of those had some correlation to treatment resistant depression. this is a novel mechanism of action where patients haven't had a new treatment or therapy within about three decades. so it's great for our business. but it's even better for patients. and then just three days ago we had an approval for bol
development rsa, a treatment for bladder cancer. it was approved in conjunction with a diagnostic, it's about 20,000 patients in the u.s. that suffer from bladder cancer. this diagnostic could identify a genetic alteration and if we applied balversa20% will benefit and stop tumor growth. we're optimistic about our pharmaceutical pipeline and great innovation. maria: what is your answer to he getting drug prices down? >> we believe we've taken a lead at johnson & johnson. it's great for our company, it's great for the industry, great for the healthcare system, more transparency. three years ago, we were the first company to lead with a transparency report. we just issued our third annual. it indicated we decreased net pricing by 6.8%. we're having all this great success based on innovation, despite price decreases.
we were the first to build off the administration's proposal for putting list price on the ads. we took one step further to make sure patients had great clarity into what they can expect to pay, we added the copay expectation as well. maria: thank you so much. back in a minute. ♪ ♪ i can do more to lower my a1c. because my body can still make its own insulin. and i take trulicity once a week to activate my body to release it, like it's supposed to. trulicity is not insulin. it starts acting in my body from the first dose and continues to work when i need it, 24/7. trulicity is an injection
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maria: welcome back. american airlines reportedly planning addition training for the 737 max pilots. cheryl casone with details there. cheryl: interesting development here, maria. according to wall street journal, american airlines pilots will receive extra simulator training for the 737 max. again, the journal reporting this. even though the company did say for months no additional training on ground simulators was needed. this is now what they're saying. the move apparently prompted by two deadly crashes of the 737 max in less than five months. also, the journal says the simulator training is going to
include scenarios related to the flight control system suspected of course of causing the two disasters over the last six months. there is the year-to-date chart of american airlines on your screen. elon musk's rocket company, spacex, raising $500 million. the wall street journal is reporting the money will be used to fund the satellite internet business, star links. musk and the team have been telling investors for years that starrinstar link is expected tor the company's bottom line into the future. in february, spacex's president said she had he questions about star link's growth potential. walmart starting a subscription service. the company teaming up with kin box. they'll sell clothing for kids. walmart customers get access to 120 children's brands. a style box put together by kid box includes five fashion items for $48. if you have no idea how to dress your children, they'll do it for
you. those are your headlines. maria: okay. cheryl: some people don't. just throwing it out there. maria: coming up, -- [ laughter ] -- the risk of recession, we take a look at why ceos are seeing an economic downturn on the horizon. when might that be, given we see strong numbers on the economy and earnings. seahawks quarterback russell wilson signs a new contract, making him the highest paid nfl player. find out how much he's getting, coming up. ♪ may have lost this battle, fight another day. ♪ now i'm falling in love. my dr. it turns out, they want me to start next month. she can stay with you to finish her senior year.
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this week studen steven mnuchind me, i asked him about the talk about a recession and slowdown globally. secretary, what can you tell us in terms of the idea there's a recession on the horizon. the other day i said i don't know why everybody's head is on fire in terms of the recession, we got great jobs numbers, great numbers from the banking sector. we're talking about year 10 in this recovery. is there any signs of a recession in 2020? >> maria, i don't see any signs of that. i think the only thing that people look at is the yield curve. i think the yield curve implies the market's expectation that the fed will lower rates and nothing more than that. maria: e.-wise capital confidence barometer revealed recession fears subsided in the c-suite. joining us now is kelly grier. good to have you on the program this morning. >> thank you. maria: this new survey just out, tell us what you found. >> literally just issued
yesterday, our 20th capital confidence barometer which surveys about 515c-suite executives on their general sentiment of the economy and their anticipated deal making activities and as you referenced, maria, the survey results were actually very strong, indicate a very strong and very positive business sentiment from the survey respondents, a full 96% of those surveyed have indicated that they believe that the economy in the u.s. is strengthening, up 27% over the prior year, a significant increase in overall sentiment around the economic outlook. maria: are they putting their money where their mouths are? are they investing in cap ex? are they increasing numbers in terms of what they're allocating capital to? >> absolutely. it's really a multifaceted capital deployment strategy we're seeing. cap ex was up last year by 17%, a pretty significant increase. in addition, we're seeing significant deal making activity
as well. so in the outlook is that that will continue. our respondents are indicating that over 50% of them are actuallactually planning some sf m&a activity in the coming year. if you look at those from companies over $5 billion in revenue it jumps to 79%. so both organic and inorganic investments and growth strategies very much on the horizon. >> you're in the boardroom, in the c-suite of certainly the fortune 500. we were talking earlier, i think you're seeing a lot of change relative to capital allocation. your point, i think they're much more sensitive to changes is the only -- change is the only constant. we saw a lot more privatization. we had an all-time record of disinvestment, right, and taking private. what are you hearing about that for '19? >> it's a great question. ceos and boards are really engaged in a much more
continuous portfolio realignment assessment. and so we are seeing a lot more divestitures and spin-offs and privatization of certain businesses in connection with spin-offs. but i would say, bob, it really is more in conjunction with the innovation a agenda, the technology agenda, really keeping pace with the profound change and how technologies is really disrupting business and wanting to stay ahead of that. >> how is the overseas outlook, how is that affecting their optimism? >> it's a great question. the sentiment that i described is predominantly on the domestic market. it's mixed when you encompass over parts of the globe. clearly, there's less buoyancy in the em y emea market, across europe. >> they don't feel it will affect the u.s. economy very much. >> they believe the growth ambitions and growth projections reflect some tempering of the
economic buoyancy in europe. i would say it's reflected in the sentiment. dagen: kelly, really quickly. what can you anticipate how ceos will react as we get into the presidential election season? because you heard the ceo of j & j talking about there are plans out there by your frontrunner, according to some polls, bernie sanders, to rip up a giant part of our economy in terms of health insurance in this country and healthcare, 18 180 million people would lose private health insurance. how could ceos across the spectrum react to that as the rhetoric picks up? >> it's a really great question. i think that the past two, three years have really created a totally different level of sort of ras rationality and long-term thinking by ceos. i don't think it's practical to react to every political speech, particularly as we start to heat
up -- we start to t get into more of the campaign season, if you will. and a lot of that rhetoric will come to pass and ultimately very different forms of policy-making. so i think ceos are fairly sensible in how they're reacting or not over-reacting to the current political current and commentary. maria: that was a big number, 50% going to do deals. >> absolutely. maria: looking for acquisitions. >> in a market that's already very strong. so absolutely. >> you said bigger deals, right? >> absolutely. >> on a dollar basis. maria: great to have you, kelly. kelly grier joining us there. bernie's big night, we have highlights from last night's fox news town hall where bernie sanders addressed his own wealth and medicare for all. honoring america's heroes this morning, one marine paying tribute to fallen comrades, crawling to the finish line at the boston marathon. back in a moment.
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your daily dashboard from fidelity. a visual snapshot of your investments. key portfolio events. all in one place. because when it's decision time... you need decision tech. only from fidelity. maria: welcome back. good tuesday morning, everybody. thanks so much for joining us. i'm maria bartiromo. it is tuesday, april 16th. your top stories right now, 7:3. tragedy at notre dame cay thee l in paris. billionaires pledge hundreds of millions of dollars to rebuild this special landmark. earnings the focus on wall street, bank of america with a slight miss on revenue but a rise in profit. johnson & johnson with a double beat this morning. united health rebounding following its earnings, the stocks on the move as a result. the two stocks on track to add almost 50 points to the dow industrials at the opening bell this morning. we've got a great backdrop for futures, a big rally at the
start of trading, dow industrials up 148 points right now, s&p up 10, nasdaq up 28 rights now. yesterday's close down slightly following three weeks of gains. it. was a fractiona fractional loser yesterday. the nasdaq was down 8 points. in europe this morning the markets are mostly higher. fq100 up 33, cac up 3 and two thirds and the dax index in germany up 82 points. in asia overnight, the big story was china. the shanghai composite up better than 2%. we're going to have important data out tonight out of china because we get industrial production, retail sales, and the gdp out of china tonight. so that's going to set the tone for tomorrow. markets overnight were helped by some upbeat talks from the white house on trade negotiations with china and you also had the chinese central bank adding stimulus to the market, adding stimulus to the financial services sector, that's what moved the shanghai composite
overnight, the stimulus from the central bank in china. alexandria ocasio-cortez facing criticism this morning after she said that the u.s. should consider cutting military and economic aid to israel. general jack keane is here, he will weigh in coming up. plus this, american hero, a marine running the boston marathon for fallen comrades crawls across the finish line yesterday. more on the powerful display of determination coming up. first, we turn to the 2020 election, senator bernie sanders holding a town hall on fox news last night, to talk healthcare and his own income. connell mcshane is covering the story this morning. good morning to you. >> reporter: good morning, maria. we had quite a night here in bet bethlehem last night. bernie sanders has been trying to take his message, as he's now the front runner in the polls for the democratic nomination directly to trump supporters. he's done it with trips to
wisconsin, michigan and here in pennsylvania. the night began, though, with senator sanders answering questions about a story that was breaking, the release of his tax returns which showed over the last few years he's made a decent amount of money. take a listen. >> i happen to believe, joe, that we have an absurd tax system and while millions of people today are paying actually more in taxes than they anticipated, this year we had $560,000 in income. that's a lot of money. that money in my case, my wife's case, it came from a book that i wrote, pretty good book. you might want to read it. [ laughter ] >> it was a best seller. if anyone thinks that i should apologize for writing a best-selling book, i'm sorry, i'm not going to do it. >> reporter: now, we do see it in the numbers, if you look at the sanders earnings as he said from the book, revenue for the most part, million dollars, plus, both in 2016 and 2017 and
the $561,000 plus last year. now, when he was asked about it last night, sanders insisted making that kind of money is not a testament to capitalism or the american dream, instead arguing that the point is other people don't have the same advantages that he does. here he is again. >> what we want is a country where everybody has opportunity. you know, i have a college degree. i'm a united states senator. a lot of people don't have a college degree, a lot of people are not united states senators. i want everybody in this country to be able to have healthcare, to have education, so when they turn on the water have drinkable water, not toxic water. so what we are fighting for, brett, is a society not where just a few people can make a whole lot of money, but a society where everybody in this country has the opportunity to live in security and dignity. >> reporter: now, there was a lot of back and forth on those
types of issues, taxes, healthcare, sanders' plan for medicare for all and the question came up from brett and from martha mccallum about how senator sanders pa san might pa. as you might expect, the answer to that, higher taxes. maria: thank you so much. connell mcshane this morning. reaction. >> first, how many of those books were sold on amazon, a company he does not like? number two, look at his charitable contributions, very puny for a guy who wants to save humanity. beto o'rourke, you need a microscope to find his. dagen: less than $5,000 for charity through 2014 through 2017 for beto o'rourke and his wife. that's what that gave to charity. >> in terms of his big, big signature issue, as we were discussing earlier, medicare for all means healthcare for less people. you're going to get less healthcare because the only way they do it is through rationing.
i wish somebody would throw it at them. on medicare, it's subsidized by the rest of the population. it's not covered by those trust funds. and raising taxes hurts the economy and he hasn't learned yet the only way you get the resources to pay for these things is with a vibrant economy and i will ask him and any other candidate what high tax country has ever taxed its way to prosperity. zero. >> real quick, i may be wrong interpretation of free, but free education would mean the faculty doesn't get paid. the utilities are provided free. the people generating the utilities don't get paid. i mean, that's what i think free is. i may have a wrong interpretation. [ laughter ] maria: you thought he did a good job. dagen: i think the republicans will need to have a very, very coherent argument why -- they call it medicare for all. it's single payer. why that would be devastating to the country, why 180 million people would get kicked off private insurance. if a company or individual
doesn't like its insurance provider, you can find another one. this would wipe out private insurance as we know it. broadly speaking. >> i thought democrats were against monopoly. dagen: this will come down -- this comes down to who do you think makes better decisions about your own health, your health insurance or your life and how you spend your money, is it the government that failed in flint, michigan, that has failed the citizens of new york city, or yourself, or you and private business. maria: that's the question you have to ask. i'm going to turn now controversial comments made by congresswoman alexandria ocasio-cortez. the freshman lawmaker taking heat for suggesting cutting military and economic aid to israel should certainly be on the table, she said. joining me right now is retired four star general, fox news senior strategic analyst, general jack keane. always a pleasure to see you. your reaction to this? >> well, first of all, we provide about $4 billion in aid to israel. that's more than we provide to any other country on the planet. but clearly, since israel was founded in 1948, in the middle
east, they are the only democracy in the middle east and certainly our heritage is tied to israel and our values are tied to israel. and simply within their border, they have a terrorist organization, hamas, who wants to destroy the state of israel, not only do they not recognize israel but they want it gone. and threatening encroaching on israel every day are the iranians. that is what syria is all about in terms of their strategic anchor point. so certainly is it appropriate for congress to debate our foreign aid program and argue it out based on the merits? certainly. that should be done. maria: yeah. >> from my perspective, that is money very well spent and i think our viewers, our taxpayers, have assurance that he providing assistance to israel on an annual basis is in the u.s. national. maria: yeah.
and not to mention israel is our biggest ally in the middle east. let me ask you about the border battle, general. president trump is doubling down on that threat to relocate illegal immigrants into sanctuary cities. democrats are speaking out. they're saying it's illegal to do that. >> well, i don't know about the legality of it. not my lane, maria. but i do think that clearly this is a crisis on the border, as we've been talking about for weeks. 4,000 people crashing through the border every single day and we don't have the resources to be able to process them and hold them properly. we don't have the judges to be able to deal with the situation. i understand there's 800,000 waiting to be processed in the system. i think a lot of them will never show up, certainly, for that final processing before a judge. where to send them, i'll leave that up to dhs in terms of logistics involved and the
expense involved in that. but clearly, as everyone who is an expert on this has said, we need a change in legislation to stop the asylum seekers being incentiveized to come to the country. number one. number two, we've got to work with mexico because their drug cartels and their trans national organization, human traffickers, are assisting in the migration of the people from the northern triangle, through the mexican southern border, to the united states southern border. this new administration in mexico has got to clamp down on that and if they need our assistance, let's get in there and give them some assistance in doing that. and also, as best i can understand, despite the fact that a week or so ago we were saying the mexicans are doing better, they still have not employed their federal police to their southern border. maria: okay. >> and i believe that's absolutely outrageous. maria: which is why the president sent troops to the
border. u.s. troops. general, it's always a pleasure to see you. thanks so much. >> good talking to you, maria. maria: a record breaking deal, russell wilson signs a new contract, makes him the highest paid nfl player there is. find out how much he's getting right after this. this is loma linda, a place with one of the highest life expectancies in the country. you see so many people walking around here in their hundreds. so how do you stay financially well for all those extra years? well, you have to start planning as early as possible.
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wilson reached a four year, $140 million extension agreement. this makes wilson the highest paid player in the league. this is according to espn. the 30-year-old staying in seattle through 2023. the deal ends speculation the seahawks might trade the quarterback because they wouldn't meet the contract demands. it knocks out aaron rodgers out of the top spot when it comes to pay. the boston marathon ended with a photo finish, sprinting to win the men's title for the first time, running in under 2 hours, 8 minutes, he won by 2 seconds. you can see the picture there. this is amazing, an inspiring finish for micah herndon, he crawled across the finish line after his legs gave out on him. he was in a lot of pain. he was paying tribute to the memories of three men he knew when serving as a marine in afghanistan. he finished the course in 3 hours, 38 minutes before he
received medical attention. but he made that finish line, folks. well, just two days off his fifth career masters win, tiger woods is on course to receive the nation's highest civilian honor. president trump tweeted he's going to award woods the presidential medal of freedom. the president congratulating woods on his, quote, incredible success and comeback in sports, golf and more important, life. woods will be the fourth golfer to receive the honor, he will join jack nicklaus, arnold palmer and charg charles sifertn receiving that honor. maria: thank you, cheryl. coming up, the world's hottest hotels, the list of the greatest places to stay revealed, next, right here. ♪ life is a highway. ♪ i want to ride it all night long. ♪ baby, you're going my way. ♪ i want to drive it all night
long. ♪ through all these cities and all these towns -- you still thinking about opening your own shop? every day. i think there are some ways to help keep you on track. and closer to home. i'm all ears. how did edward jones grow to a trillion dollars in assets under care? thanks. by thinking about your goals as much as you do.
♪ i've been everywhere, man. ♪ i've been everywhere, man. ♪ across the desert bare, man. ♪ i've dreamed the mountain air, man. ♪ i've been everywhere. maria: pack your bags. there are plenty of choices for a weekend get-away a big vacation. conde nast out with its 2017 hot list of top hotels around the world. joining me right now is mark elwood. thank you for being here. it's not just about the biggest cities when you look at great hotels. one is from detroit on the list. tell me about it. >> i think this is lovely. i'm sure you've seen shinola watches, the sort of retro
watches. maria: we had the producer on the show. >> it's a lovely story, bringing jobs back to detroit. in typical fashion, they invested in a hotel in detroit, taking old buildings like a sewing machine factory, adding new buildings and giving it the retro barber shop feel that the stores have. maria: you're not expecting this kind of hotel in motor city. >> no, not at i'll. i think it's a reminder that motor city became synonymous with urban blight, real problems. in the last 10 years people have flooded back to give it more energy. downtown detroit is full of young businesses. shinola wants to be the place you stay. maria: let's talk about blackberry mountain in tennessee. >> i think blackberry farms is well-known. kelly clarkson got married there, one of the most luxurious resorts in the south for more than 40 years.
they added an active alternative. if you don't want to indulge completely, you want to hike, yoga, trail biking, you can go to blackberry mountain, which is the new standalone cabins. you can be in nature, break a sweat, get a massage afterwards. maria: you think -- this is a small hotel. >> it's tiny. $1,000 a nights. it's a real treat, save up for that. maria: this year's list includes cruise ships, first time that's been on the list, right, cruise ships. >> we've got more than 70 mow 70 hotels. we've got lots of cruise ships. norwegian and celebrity, may ga ships, the edge and the bliss, they're the cities at sea with anything you might want. they're brilliant examples. the edge is barely a year old, designed by kelly hawkins, famous designers. upping the ante in terms of
chicness. maria: how about travel trends? you've got week-ending traveling as a necessity and accessing the inaccessible, explain. >> there was a recent survey, among millennials, 80% would rather take fewer, shorter trips than one big vacation. they want to travel closer distances. we're seeing resorts emerge that are aimed at three hours from a big place. a place outside london, that's perfect for londoners l boston, you go to the berkshires. maria: are you seeing a pick-up in people taking vacations, spending on these big ticket items? it's a good indicator of the economy. >> what we're seeing is, we're seeing people -- the spend is going up. people are looking for value. they don't mind spending more
when it comes to type 2 diabetes, are you thinking about your heart? well, i'm managing my a1c, so i should be all set. actually, you're still at risk for a fatal heart attack or stroke. that's where jardiance comes in. it reduces the risk of dying from a cardiovascular event for adults who have type 2 diabetes and known heart diseas. that's why the american diabetes association recommends the active ingredient in jardiance. and it lowers a1c? with diet and exercise. jardiance can cause serious side effects including dehydration, genital yeast or urinary tract infections, and sudden kidney problems. ketoacidosis is a serious side effect that may be fatal. a rare, but life-threatening, bacterial infection in the skin of the perineum could occur. stop taking jardiance and call your doctor right away if you have symptoms of this bacterial infection, ketoacidosis, or an allergic reaction. do not take jardiance if you are on dialysis or have severe kidney problems. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. so, what do you think? now i feel i can do more to go beyond lowering a1c. ask your doctor about jardiance today.
thanks for joining us. i'm maria bartiromo, tuesday, april 16 top stories 8:00 a.m. on the east coast, tragedy at notre dame cathedral in paris, officials are accessing the damage this morning, after a massive fire nearly destroyed the paris landmark we will tell who you pledge hundreds of millions of dollars this morning, to rebuild this important monument. >> earnings in bank of america slight miss on revenue rise in profit johnson & johnson double be the this morning united health rallying earnings better than expected up 3% up almost 2% johnson & johnson two stocks on track to
add a nice boost to dow industrials at open futures indicating up, 157 points on dow, this morning, the s&p futures up 10 nasdaq futures up 30, stocks edged legislator think a at close dow lost 27s s&p 500 down two points nasdaq down 8 points, yesterday. on wall street in europe this morning good firmer tone ft 100 up 37 points cac quarante up 8 dacs in germany up 87 we had new survey out, was pretty much in line, anybody asia overnighted we are getting a lot of data tonight out of china you are going to get the industrial production numbers retail sales gdp out of china, overnight, the chinese central bank, put news stimulus mirs into financial services that rally shanghai composite finished up 2 1/3 percent in china, best in asia, a change at starbucks the giant brewed up for local loyal consumers
aston martin first all electricity car inside special edition beauty the this morning dagen mcdowell, folks are media chairman former republican presidential candidate steve forbes former ceo home depot chrysler longtime executive ge bob nardelli. >> good to see you -- >> great teen here wi-- great to be an here. >> nice to see france step up the whole nation revival of a nation depressed a long time you are going to see best of france to the fore. >> a catalyst france under pressure for two years whether the policies the people don't like the protesting or just terrorism now this. >> reminder what they are all about, back over 800 years really, really exemplifies the best of humanity. >> yeah great to see henry
step up. >> yes. >> henry and wife, absolutely, and in fact we have breaking news a massive investigation under way in paris, after the devastating fire at the historic notre dame cathedral, cheryl casone with details as officials access the damage. cheryl: afternoon in paris right now looking at what caused this prosecutors are saying there is no evidenced of arson but interviewing people working on the renovation to say cathedral, you saw burning yesterday we discerned queen elizabeth sent a message to french president emmanuel macron saying she is deeply saddened the fiery burned nine hours, the spire roof clapped intense flames sent gas throughout the world, many in paris were watching flames disbelief on the ground some had cell phones out
recording it in real time, a group of people, began to sing sang a hymm to honor beloved cathedral. ♪ [singing in french] ♪ cheryl: well, a beacon of hope we should add from inside notre dame one of the first photos from if aftermath inside that we've seen showings the cross you can see here intact, reports say many including crown of thorns ton of worn by jesus before crews fiction saved the french cult minister says artworks will be transferred to the louvre while they try to restore the cathedral lof the bmh, ceo bern-around renault promised more than 2 million dollars,
another a hundred millions henry kravitz contributed 10 million dollars, live pictures notre dame i want to show you, more popular with an eiffel tour 13 million people go there every year holy week easter sunday heartbreaking day for p. >> joining us mohamed el-erian good to see you. >> thanks for having me. >> thank you for being here you spent a lot of time in par wiscons in paris when a he teenager. >> haste breaking devastating sad like many i couldn't believe what i was seeing on tv. it is an iconic building not only that it has seen so much he french history means so much for so many people ep.
maria: the rebuilding will be important i wonder if steve forbes is on to something says this could act as a catalyst a turnaround in paris for more than just notre dame, but for the economic backdrop there. >> i think the big question maria i don't think we have an answer yet will it be a catalyst for unity among french or will it aggravate divisions seeing in temperatures offests protests could you tell a story people say yet another example of establishment letting is down another example why we should have less trust in establishment, so it is -- it is about going to be interesting to see how it he evolves see how much is saved what they intend to do after i think can go either way. >> from economic standpoint, europe has been under pressure now for sometime. whether answer from, germany, italy budget issues uk brexit
issues what is your take on the eurozone right now in terms of growth? was it you who said to me we're lucky if we see 1% economic growth out of eurozone a couple months ago you said that. >> i did projections the come wul the way down very close to 1% one number germany powerhouse economy the stable economy prediekble, central bank reduced from 1.6 in january to .5 a massive reduction shows europe slowed down faster than anticipated that anybody understands trying to figure out quite what happened to create that slowdown, in terms of where we are global economy that is number one. >> but are you seeing any green chutes at this point talking about near-term, over the last two weeks, a few people said you know what things have about stabilized going to get better i know what happened fourth quarter
in first quarter he the kind of growth numbers we are expecting for 2019 but is there any reason to believe we hit bottom there. >> so he we've seen one green chute this morning, in a survey of sentiment in germany. >> that went over from contraction to expansion sentiment we need to see that in activity, where you can be more optimistic short term stabilization in china if you think u.s. will continue to do well will continue to outperform 2 1/2 to 3% growth china will stabilize, the big question mark is europe. >> how impactful will all that be on the u.s.? >> because you know u.s. is doing very well, you know we are seeing better-than-expected numbers in terms of earnings economic data we don't life in a vacuum do you and weakness to hit u.s. >> we have to distinguish between u.s. and markets uas he relatively closed economy unless we get big policy mistake from the fed, i really mean big unless we shut down
government two or three months we shall be fine, markets, you've got around half the s&p profits in revenue that come from the rest of the world, so markets are different markets are clearly more sensitive to what happens outside, so the average american is fine. the average investor needs to think what happens in rest of the world. >> the fed recognized an autopilot in terms of raising rates unwinding balance sheet took a step back said wait, now no fed hikes they have announced in 2019, but the president is slamming the federal reserve said in a tweet over the weekend the market would be much higher central bank holding back the economy, that economic growth would have been all the way up to 4% had it not been for central bank rate hikes. >> you say. >> i have been with you i said last year should -- three, four hikes they delivered four
should be more sensitive to what president rightly calls feel for market in fourth quarter they showed they didn't have enough feel didn't realize repeating over and over again, the balance sheet was an auto pilot would cause market instability a spike in volatility could the amountamin economy they swung too far dovish, next nine months how do you reconcile in fed a good u.s. economy more certainty global economy will be hard. >> 10 year 2.56% there was a week the last month or so where you had an inversion, where the two year was yielding higher than 10 year, a lot of people say that indicates recession only like that five days, but what do you think the inversion told us. >> i think it said very little about u.s. economy much more
what will happen in europe remember that is a time german 10 years went negative again if you look at differential a lot of people look at, that stated healthy 250 basis points i think the most important number right now the vix the vix is back at 12 it tells you investors have confidence in the central banks ability and willing necessities to repress volatility they are willing to take more risk more risk not only in stocks, and corporate bonds but also lalso levyered s volatility space keep an eye on vix keep eye how much people extended risk taking because i suspect we may have the cycles again. >> i think we are going to get a real risk move in china deal u.s.-china trade one of the big factors for this market we are seeing if we are going to get a deem between if u.s. and china treasury secretary steve mnuchin joined me yesterday, he talked to me exclusively about the negotiations where
they are listen to this. >> you were you able to come to agreement on enforcement mechanism i can have in this deal should beijing not follow through on promising in this agreement. >> maria there are seven chapters in the agreement let me emphasize this there is more work the enforcement mechanism we basically agreed on, of course, the u.s. will agree to it as well since most of the things we are committing to we already implemented, so this will be a two-way agreement, enforcement, but this is really a critical part that china has agreed that if we do get to an agreement this is something to follow through we have way to enforce it. maria: so i understand like here in 1th hour of deal whatto 11 hour of deal. >> what do you think. >> absolutely a critical element part of bigger things what markets need most is a handoff a handoff from liquidity driven rally, to better fundamentals resolving
u.s.-china trade sensation one part, i worry a a little bit that we are going to get a cease fire rather than permanent resolution but cease fire better than nothing. >> you are worded about bigger issue slowdown in chinese economy tonight getting industrial prouks gdp retail sales out of china may set tone for markets tomorrow what is your take show you slow the economy in china has become. >> i suspect going to get a pick up, like you said earlier, throwing everything including another set of monetary stimulus measures you cannot imagine how many stimulus long time to respond longer than in past the problem inconsistent with where they want to be long term short term stimulus thrown at i. >> mores stimulus in the financial services sector overcast 2% plus gain in
shanghai composite. >> we have had monetary stimulus fiscal splus directing the state to behave in a certain way to get through soft patch in economy that is great in the short term but in long term, they really do need to be emotion of a market-based economy. >> mohamed great to have you on the show. thank you so much mohamed el-erian, earnings in focus bank of america j&j black rock united health, coming up, aston martin debuts first electric car you have to act fast. we will tell you why next. ♪ ♪
bank of america with earnings beat expectations 70 cents a share versus 66, the stock marginally because, there was slight miss on revenue, 23 billion was number came in at banking business on fire up 25% challenging capital markets trading disappointment we heard was going to happen from traders down here, j&j a double be the eps 2.10 versus 2.03 revenue 20 billion and change versus 19.61 shares up here, 3% the company raising full year guidance good for the stock market, united health beating earnings 3.73 versus 360 beating on revenue as well, 60.3 billion versus 9.71 shares up 3% premarket, quickly, lyft shares disappointing here down 22% below ipo price, they were priced if you remember 72 --
72, this is the worst performance over that time period for a company raising over a billion-dollar since facebook back in 2012, we keep an eye on that as we watch the ipo market being maria, back to you, about. maria: all right gerri thank you, quick break then secrets to success leadership three top google executives join me to talk leadership in sell-off and rise of artificial intelligence. >> aston martin debuts first electric car you have to act fast. how you can take the wheel next up. ♪ ♪
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at&t stake in streaming service cheryl casone with details. cheryl: ye, hulu spending 1.4 billion to buy back at&t nine 1/2 percent stake to the strategic service deal now valuing hulu at 15 billion dollars. and the sale gives the most control of hulu because disney holds 60% stake hulu, of course, competes with netflix currently has more than 25 million subscribers shares at&t actually higher by half a percent premarket, right now. all right, from tv to well starbucks food they have redesigned their loyalty program and launched it today you can earn rewarding points faster use to buy more things in the store, under system fewer stars reward points needed for base goods drinks get more free stuff for the first time points can be used towards selected merchandise packaged coffee didn't offer that before, 40% starbucks transactions in u.s. come from
rewarding program so pretty big program, here you go rev ensaston martin released first electric car this is the rapide e that you are seeing on your screen firnl debut at shanghai auto show 6 he -- again electric sedan, logs 200 miles per charge, if you want one you got to ask quickly only 155 are being built unclear how much cars actually going to cost maria, we are going to say, a lot. headlines. >> a lot -- >> all right this is a limited supply. dagen: always say that 250,000 dollars -- 253 -- maybe for that car you are talking to these going executives i add no car company not even a biggest luxury car company ever figured out a great
entertainment communications interface software development of automakers is -- f minus poor, poor, poor, there is that opportunity to still out there for a technology company to make awesome car, tesla kind of sort of doing it, but you need. >> waymo at google but not producing cars. dagen: i want an apple car a google carr. >> you do? >> if tesla gets cheap enough somebody will buy them, that is my -- >> it is -- you know -- well, i don't know i think dagen is authority on entertainment, maybe they don't want you to have all that flexibility when you are driving so you are not distracted. dagen: they want young people to buy automobiles into the future, they are going to have to figure out because you know what connectivity with phone, and the car, and the entertainment and communications experience within car is ultimately more
important to younger people than the way it feels on the road. mark my words. maria: taken me a while i have convinced my son on west coast that when driving, i try to get them they say, do not disturb i'm driving. >> you raised them well. >> that part of it steve. not all of it. dagen: are you sure they are driving? [laughter]. dagen: joking. maria: gps i have on car tells me -- >> [laughter]. >> secrets to success after this with three top google executives former ceo join me talk leadership in sell-off rise of a.i., jobs google, next. >> millennials lying -- we tell you about it stay with us. ♪ this will be, everlasting
love, this will be what i have waited for this will be ♪ ♪ for me ♪ ♪ ooh, i am so glad ♪ we humans are strange creatures. other species avoid pain and struggle. we actually... seek it out. other species do difficult things because they have to. we do difficult things. because we like to. we think it's... fun.
maria: good tuesday morning. thanks for joining us. i'm maria bartiromo. tuesday, april 16, your top stories 8:30 a.m. on the east coast, tragedy at notre dame cathedral, the flames are finally out this morning, now this morning officials are inspecting the damage to historic structure hundreds of millions of dollars have been pledged to rebuild this paris landmark earnings in focus on wall street bank of america slight miss on revenue down as a result, a rise in profits johnson & johnson, raising sales growth expectations for the year united hotel up following earnings two stocks j&j he unitiesed health a
boost 40 points, futures a gain 170 points start of trading this morning for dow industrials s&p futures up 10 nasdaq up 30 points right now in europe this morning, we have pretty good tone as well ft 100 up 38 points half a percent cac quarante in paris up 6 1/2 dax in germany up 80 points zoo survey this morning in germany it was better than expected markets up in asia overnight as well following, really anticipation of a deal out of u.s. and china although the central bank in china did add stimulus to financial services industry boosted shanghai we have industrial production gdp retail sales out of china tonight setting the tone tomorrow watch for numbers shanghai composite overnight up two and a third percent do not trust that resume a look at most common lies millennials tell us, as they hunt for jobs, oh wait till you see this, the secrets of success silicon valley bill campbell known as
trillion-dollar coach mentored top nails in technology steve jobs tim book jack dorsey mark zuckerberg cheryl sandberg larry page many others he died in 2016 after long fight with cancer my next guests current former going executives worked with campbell firsthand the trillion-dollar coach leadership playbook of silicon valley bill campbell. >> former google chairmen, google communications director former google sr., vice president alphabet management team advisory thanks for joining us a guy worked at apple ran into it, was a coach, what was special about bell campbell. >> he was the best coach that we have ever seen, he created more value he coached larger organization, what we lender in writing the book was that you need a coach, i thought he
was my coach but he was coaching the whole team a business that has a coach will do much, much better. >> he wanted to be in the background right you write that, you know, all of these people you could tell when his fingerprints are on it when you came out said, i want to interview you for a book that chapter was closed he didn't want the spotlight. >> no, really chose off behind-the-scenes but was so helpful to everybody the word we interviewed so many people the word most often was love people loved bill, bill loved people created community wherever he went. >> we have proud a playbook we think can help managers get most out of other people, in companies all over the place people put up postures that say it is the people they don't live it, bill lived trust respect support, and challenged people to be the best in a collaborative world. >> tell me about that in a practical manner eric what does that mean what are some
of the things that you knew bill campbell caught and really taught and shaped neither tech world. >> hes very very sensitive to people who were coachable self interested as opposed to interested in the firm, so he wouldn't work with you unless he thought he could help you. but if youp weren't going to listen so self-obsessed do your own thing other narcissistic he would not take care of you he focused first on people of the team seasoning products without the team nothing happens. >> that is true you write, in the book a trillion dollars underestimates the value he created, he was side-by-side with steve jobs to build apple from near bankruptcy to market capitalization several hundred billion dollars, side-by-side with larry page, bren, eric to build google to market capitalization several hundred billion dollars bill was greatest executive coach in
the world ever seen, eric us there some of the practical things he taught you how he worked with you, to improve google and build it. >> simply thing whenever we had a question, we would assign it to two people two people would have to work it out often that built trust deep inside the organization, so we and never had to worry about, people would sort things out i didn't have to think about it he would call the board ahead avenue meeting ask what was on their minds sort of telegraph what might be happening was my eyes, ears in terms of people and structure. he did this, by the way, for free. he was never paid he was his compensation was love, and impact that he had, i said why are you not being paid he said i want to give back, it is a great model for sort of the last half of your executive life, you have been super successful people look for you for advice for mentorship but
coaching literally, organizing the team to win, is a new important area. >> how would he deal with some of the issues that we are dealing with today in terms of for example, the power of social media? what do you do at a time that now these companies google included, have become so important, so powerful that now they are sort of targets in many areas, what with does he say about the strength and power of social media, what would he say about it today and how governments are looking to regulate? >> well out of respect for him i am not sure i can speak to what he would say about an issue today i can tell you how he would approach it he would tell us don't jump in and focus on the problem. jump in and focus on the team. he asked if we had right set of people, devoted to dressing the challenges that we have neither socially pays once confident right team would assign the people not expert
in technology he was expert in helping us solve the problems that we were presented with. >> he would also emphasize vehicular manslaughter, he overall message what do you stand for, what do you stand for what do you instant for. >> you are going to make mistakes, if you make a mistake, admit it move on take the beating however it goes but values and people, quality and teamwork, right all the classic things you would imagine in a football coach turn out to apply shockingly, to the tech industry. >> the i love the idea that he was a football coach you are right there are a lot of similarities to being on field in aboardroom. >> is it he wasn't that great football coach winning record was so, so, but when he moved to sales and then into marketing then apple, eventually to all of tech, he was exceptional. >> one of the skills he developed as football coach to be able to see the whole field coached football 12 years really had the ability to most of us will follow the ball he
could see 22 players on the field even before film or video, and applied that same approach, in eric's staff meetings would look at all the players in the room who is getting along who is upset with the conversation, and be able to -- that power of observation. >> again about people. >> yes. >> one thing we concluded is there is not enough coaches we only know of one exceptional one no longer with us one message from the book more than 80 interviews that we did is that managers need to learn how to be coaches as manager you are taught do this do this drive hard very pressure full situations but sometimes you have to step back say i want to coach this team coach this event help people organize, the way you coach is different from telling people. you get somebody to want to be excellent you convince them they are excellent when they fall short you tell them look you can do better. and then their own motivation cases them to work harder.
maria: i like the idea of really looking at the people bringing out as much as you can from people giving people, that leadership, and that composurement people represent ideas at going is there a way you need to harness that strength, but not follow all the decisions of the people because a lot of people question whether or not it itself too much now there have been big decisions, in a management has made at google because the people were upset about whether, pentagon contract or whether a.i., ethical unit, is it too much? >> in the google context one of our values is this kind of internal conversation. where bill would say i'm sorry sticking to values stay very focused what you want as a business the reality is today, these management jobs are harder and harder and harder because of social media and so forth you've got to listen,
even more carefully to your employees. but at the end of the day, the old playbook which is leadership, coaching, getting people who are aven young and relatively experienced huge potential to achieve their greatness whatever it is, that is a universal human value our argument in the book is that these are applicable today in the future these are universal values of management on leadership. >> some point the leadership has to say okay. i hear you, but what do i stand for what do we stand for. >> that is the values. >> in book you go through many lessons bill taught including people billed trust creating a workplace based on love, what does that mean? give me a practical idea based on love. >> you show love show up a manager, coach show up for your people, breathe confidence into them, when time gets up show up.
>> also means cheer. bill would clap like that in board meetings. >> in the middle of the meeting no good reason, maria i love your show, [clapping], feels good. >> in a meeting, by audibly clapping let you you know what a great job you have done. >> fantastic. >> momentum towards the decision. >> gets everybody buying in. >> haven't you said sat in meetings airfare kind of bored okay. let's get going it is the same thing as winning in the game. >> funny how little things make a big difference let me ask you about a.i. google among senior companies out there working on artificial intelligence we have been looking at it here as well. it is everywhere is it just going to get bigger more prevalent. >> a lot ahead getting exercisers to about smarter i think biggest wins in health care i think this is largely under reported. >> you said a long time.
>> i am convinced here is why, as much as we think of ourselves as individuals biologically we are similar to each other computers can watch what happens now the algorithms are so good when you go into a hospital if we know roughly, you give us your permission about information this is the hospital now not google, the hospital can say, hey we think this is the next ailment that is going to happen, that is how good the algorithms are getting the whole year of precision medicine the ability to have medicine directed directly at you directly revolted to algorithms, diagnostic the computer the make a recommendation more accurate than doctor's ice. >> a lot of babe debate in a lot of debate in terms of employment some jobs will go away are you on larry page
they are theory of things orelonlon where this could be destructive can you execute artificial intelligence in an ethical way not to harm too many people. >> absolutely in ethical way whole industry is focused on that i am convinced there is he going to be a huge job shortage by that i mean, not enough people to fill the jobs that are open because of this. and the reason is, that the a.i. systems will make things so much more efficient such economic growth we literally are going to need more people more education, to fill these jobs, there is no question that destructivisruptive. >> somebody said when we learned nuclear technology we did not give never been nuke nuclear bombs this is not nuclear this is capable of making everything we do more efficient, clearer, better
grimz more productive in the same way the personal cpr did this is taken over our we'll industry in terms of machine learning, better business algorithms if you are running a business not using a.i. machine learning you are competitor can beat you -- >> i agree with that that is where we are seeing it in every single industry fascinating about data right data, inserted into the computer making the computer smarter. >> today, the systems are completely dependent upon large sources of data so companies that have most data whether in maps business or what have you typically are winning. in the future we think actually possible for krrz to generate their own training data so there is a huge new field coming out, will make that even more efficiently. >> bill campbell would say? >> that's terrific as you cheer] clapping]. >> thank you for wonderful life lessons. >> great to see you eric, allen jonathan, joining us there, coming up bernie's big
observations. >> a rant i will give you a rant one percenter a mill i don't know why air socialist watts wealth taxing confiscation higher top rate on income a jump in the estate tax thinks that is fair. you are absolutely wrong. there is nothing fair about taking more than half of anyone's income, and there is absolutely nothing fair about confiscating weather you spent a lifetime building up you wish to pass to heirs nothing fair about socialism he is a socialist joying cenjoying earn dream i watched that town hall last night i was ranting all i got to say. >> i don't know why people don't bring up fact top 10% pay 71% taxes. >> they want to punish people successful, they resent it.
pretty jealousy of division i have seen it before grew up in socialist country don't like it heaven forbid it comes here my rant. >> you will have more important weigh look at that town hall peel back ini know zero in on specifics you watched. dagen: stewart is more self-contained than i am i was occu cursing one quick thing i don't know if you agree with me bernie sanders immediately started going after president trump he has to win his party nomination first before he gets there i thought it was a little bit presumptuous. >> he called president dangerous racist ignored the fact a booming economy record o allow unemployment rate for minorities would ignore that. >> in 2020 people care about that issues matter to them we will see see you 10 minutes top of the hour 9:00 a.m. don't miss stuart after
"mornings with maria" first, a new survey finds large number of millions lie on résumes the popular fibs coming up. back in a minute. then one day you decide it just needs to be safe enough to get her to college and back. principal. we can help you plan for that. 2,000 fence posts. 900 acres. 48 bales. all before lunch, which we caught last saturday. we earn our scars. we wear our work ethic. we work until the work's done. and when it is, a few hours of shuteye to rest up for tomorrow, the day we'll finally get something done. ( ♪ )
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>> shocking statistics about millennials entering job job market details now headlines. cheryl: crazy maria, millennials twice as likely to lie on their résume, according to survey by go banking rates.com the biggest fibs concern work experience, dates of employment, and job titles, you know what they are sorry but they are not sorry. 53% maria say they don't even feel guilty about lying had they not a heard of google? back to you. >> -- i mean i don't know young people put pictures on
social media, your future ma employer looking at that i am so glad social media didn't existence when i was in college i am thankful for that word of advice will catch up with you my experience is it may not be on first one but eventually when you overstate education, or misrepresent some of the issues you had in your background, it surfaces eventually. maria: c it does now great jobs market lots of opportunities even service them speaking of which you are still concerned about trade even though the economy is doing real well right now. >> economy doing real well the reason we should get trade issues out of way town leach investment if we get in a trade war big thing to watch for i think china going to get a deal but europe, autos
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maria: welcome back with bob and steve, along with dagen. you were saying that europe and the auto tariffs that could be coming could be a real issue for the economy. >> it would, far more i think than the dispute we've had with china which looks like it is going to be resolved, but that's the big overhang, because europe is heavily dependent on autos, not to mention the rest of the world. we mess that up, it's called section 232, keep that in mind. we mess that up, you're going to have a global recession. the president is going to get hit. >> president trump told you in your interview he's not going to go to 0% tariffs with europe on cars and automobiles. he believes in the 25% import
tariff. maria: he does. >> that's right. it's a big number. maria: guys, great show today. >> good to be with you. maria: have a great day, everybody. "varney & company" begins right now. stuart, take it away. stuart: good morning, maria. good morning, everyone. notre dame is still standing. the wooden interior is gone. the iconic spire is gone. but the stone structure remains and in the midst of this dreadful loss, that is at least something. paris has taken a blow to its very heart and the people came out by the tens of thousands to mourn its loss. this morning, the very rich of france are pledging hundreds of millions of dollars to rebuild, and look at this. this is what paris woke up to today. an ugly scene, but the structure still there. now to talk about money back here at home, yes, we are at the start of the profit reporting season and so far, it