tv Mornings With Maria Bartiromo FOX Business August 15, 2017 6:00am-9:00am EDT
to react and are we going to see sensitivities? >> volumes there in the midwest. thanks for joining us here today on "fbn:am." cheryl: we will send it over to maria arter rumble. >> happy to say to you. i am maria bartiromo. tuesday, august 15 top stories right now 6:00 a.m. on the east coast. ceo backlash after resigning from the presidents manufacturing council. president trump used his strongest words yet to condemn the attack in charlottesville. >> we condemn in the strongest possible terms this egregious display of hatred, bigotry and violence. it has no place in america. racism is evil and those who cause violence in its name are criminals and thugs, including the kkk, neo-nazi, white
supremacist and other hate groups that are repugnant. trade to the followed in the latest from the presidents agenda this morning. north korea backing down on targeting guam for now. defense secretary james mattis warning it is game on if the hermit kingdom takes action against the united states in any way. with easing global markets on the rise once again come indicating again that the opening of trading about 22,015 to 50 points on the dow. nasdaq a quarter of a percent higher. markets look like this. the end of the higher board with the dax at the third of a percent. in asia overnight, the hang seng was down, but the nikkei average in japan rallying up 1%. it is election day in alabama this morning. voters headed to the polls at the tight race highlight the division the republican party. wal-mart and target playing catchup to amazon. what they do not take it to the
stores. cosco loses its shine in ruling the company has to pay up over at tiffany rings. on reprints of his own color. pantone unveiled a new shade of purple to remember the music legend. all those stories coming up a political analyst kirsten haglund is here. global economics editor jon hilsenrath and rasmussen report, amy holmes is joining us this morning. good morning to you. is >> good morning. >> great to see you. train to the president coming out with strong words. your thoughts on the story at the moment. >> i take two things from this. it is striking how ceos are coming again out of his manufacturing council. if you're a company running a public bread right now, you really have to be careful about your own brand's reputation. that is something worth watching
today. trade to kevin from underarm or did not actually say this is the reason why, but it was surprising to see him. that is our top story. president maria: said an executive order on environmental reviews for infrastructure projects at the action comes as the third pdl announced to withdraw from president trams advisory council at violence in charlottesville, virginia. intel ceo brian krzanich explained his position saying that as i do call attention to this serious harm are divided logical climate is causing to critical issues including this serious need to address the decline of american manufacturing. though he did not mention president trump by name, his departure from the american manufacturing council came as the president faced criticism in his response to charlottesville which he blamed initially many ties. the president took a more forceful tone. let's listen in.
>> racism is evil in those who call violent are criminals and thugs including the, neo--- kkk, neo-nazi and those that are repugnant to everything we hold dear as americans. we are a nation founded on the truth that all of us are created equal. trade to krzanich departure comes after two ceos, ken fraser merck and under armour's kevin plank also re-signed. interesting to see the three of them make this news yesterday. amy, what do you make of these resignations? i understand the ceo of merck said it was a matter of conscience that he resigned yesterday. the intel ceo is a little bit more baffling. he said he is resigning because of division. to me that would be the reason why you stay so that you have the presidents of either.
again to your point, for under armour, a clothing company with their public image with their customers they need to protect minors that another calculation. >> we saw this with google. companies are worried about their public image and are pretty not ahead of national politics. >> it's very frustrating for a lot of americans watching this. the president came out with this statement. we are glad about that. the republican party is said to look at the whole situation and make sure we protect our bread because these people who obviously don't respect in don't represent a lot of what the republican party is, a lot on the left are taking advantage to politicize it and see who the republican party is. you saw very clearly on saturday senator warren hatch, senator marco rubio, senator ben sasse list of people who condemn it. it is something politically republicans will have to make
sure they are not associated with. >> does the president's forceful statement yesterday put an end to the backlash or not? such country in >> with all of the protests in front of trump tower. they were protesting hate by chanting new york hates you. first of all, that is not true. plenty of new yorkers are trump supporters and voters and they don't speak for new york. that's not how you bring the country together. 50% of likely voters will meet at a decent place for the protesters in charlottesville did not represent 99.99% of americans. moving forward, president trump has a lot of opportunity to show additional leadership on this. protesters are planning more of these hopefully these types of rallies across the country next month. again, an opportunity. >> of course democrats will say
after this. this certainly does not fit the end of it. the other thing is the president is a combative personality and he is going to attack back. i found it interesting yesterday after fraser stepped off the board, he went down on twitter and said all right, cut your drug prices. you have more time on your hands. tree until i am most like to thought incentivizing mixing up the subjects? >> a combative guy. >> it's a good way. i wonder if we will see further years follow suit. like i mentioned earlier, he didn't feel like kevin plank was connecting the dots. he said nothing. >> they don't want to be anywhere near the issue. this is seen as attacking the president today don't want to be on the other side certainly. >> i would say there something
particular when you say this issue talking about race one of the most sensitive volatile issues. president trump you could say has been a controversial political figure in the shuttle men and women during the manufacturing board when it came to racial violence in charlottesville, that's too far. maria: is it just grandstanding? you see the ceo stepping down. how are they going to move the needle i'm manufacturing, on economic growth without having to sit at the table, without a voice for the president. the whole point is been on the council is mute. >> i think that if there was really such a sense that they had an influence, real influence that it wasn't the fact there were sitting on count of and they really saw the ball rolling towards changes in infrastructure we talk about it so much after the maturation. a huge budget though they were be arguing about at the end of
september, that they would have made a different political calculation. >> are still going to one of the call general kelly on the phone. jared kushner who's in charge of his own count to when it comes to economics and moving our country forward. they may be symbolically leaving the manufacturing board, but i don't think they will cut off access to the white house. >> you talk about reviving manufacturing. what is going on in washington insert the best thing happening is the dollar is down 8% this year. doubtful matter about what to intel and under armour sales. >> they have an army of lobbyists on capitol hill is making sure trade legislation is to guard the image. >> so they can step aside, but their interests are represented no matter what.
yes things are politicized and we are all following on twitter the latest tweets and wide is that decides. we need to take stock of the moment. there is undeniable frustration, hurt, anger, people feeling disenfranchised. we need to take a moment as americans and say what led us to this moment and how do we seek healing. this is intense. people have been hurt. it was the fact approval ratings in how people feel safe in this country and also -- maria: this is a very small portion of people. 99.9% of america is not those white supremacists. >> they are not the white supremacist. of course they don't necessarily hold those views.
>> some of the things you are talking about in terms of the forgotten man and woman who voted for president drug. we need to draw the line between people who live around the nazis flag. >> is the kind of thing that boils over every few years and they have these train for marches and people protest that happened in this case. it's tragic what lunatic drove a car into this crowd. this kind of racial tension on both sides. >> we have to be vigilant. we know it can boil over particularly with social media. >> still the separation where people can't talk to each other. that's what the ceo said about political division. >> at the much smaller division. maria: why are they making this statement? if they are running public they traded companies, running the ship of shareholders and
employees and constituents, is this helping? is this helping shareholders and taking their seat away from the table? is that impacting what they should be doing for sure? >> they are at the end of the day taking care of their companies and their company brands and they don't want to be in the middle of this. they would much rather take their hands off of it. >> their phones might have been ringing off the hook. >> there's a lot of trump agenda that runs counter to some of the things the multinational corporations are doing. under armour test and production. i don't know how much in china. the president's anti-globalization agenda isn't directly aligned with what all these ceos are doing themselves. >> which they do. >> is this an excuse for them to say i don't really like what he's talking about in terms of globalization so this is a perfect opportunity.
is that the proper response is for shareholders? taking your seat off of the shared people where you could have had a voice in terms of policy. >> i think there's another 15 people still on the council. are they going to stay on it? >> have an influence in the white house should be the bottom line. >> i just got to say the brand loyalty issue. we've seen this trend. remember the super bowl after the super bowl ads and companies have made public statements about super bowl ads reflected poorly. we see that constantly that they have to be very aware of this. maria: we will take a break on this. north korea, kim jong un backing down on the qualm thread. cosco ordered to pay over $19 million after a judge rules the retailer was selling fake tiffany ring spirit of luxury jeweler is responding.
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about 7000 u.s. troops are currently they shouldn't go on. finally, the federal judge ruling that tiffany is going to recover at least $18.4 million in damages from costco over the sale of counterfeit diamond rings that bears the tiffany name of costco after tiffany sued cosco on valentine's day back in 29 team -- they call this a product of multiple errors. the word has become -- shares of cosco down 2%. tiffany stock update 2%. i send it back to you. wearing your tiffany blue today. love that color picture into your eye don't know how you get away with not tiffany has become a household name. >> tiffany is not a generic
name. >> it's like kleenex. you call everything a kleenex but it's actually a brand name. that might get different story. train to google it. same idea. >> we can channel audrey hepburn and she can tell us quite a bit. trained you we'll take a break here checking out in a flash. leading customer use their phones to buy products in stores. at the retail giant is competing with amazon. buy this shoe retailer crock is struggling to keep its footing. back in a minute. such
trained to coming back, retail and target playing catch up with amazon. tracee carrasco the details. >> good morning, maria. ever try to keep up with amazon and target making the move to respond can require in grand junction in grand junction to make transportation where companies help retailers diminished vocal deliveries by teaming up with stories of the network of carriers. working with grand junction and same-day delivery and hit other major markets starting next year. they want to disclose budget as they keep up with amazon. target shares around 23% this year. wal-mart is rolling out its out of the equation. shoppers will be able to scan
and pay for items without stopping at the cashier on their way out. wal-mart is testing the technology of one of a dozen stores in texas, south dakota, arkansas, georgia and kentucky according to business insider. wal-mart shares upsetting teen% so far this year. trade to the sector retail sales due out this morning coming usually a market mover. we've got the company reported earnings from home depot already. what is your take on what we see today? >> we had retail sales earlier in the year and expect them to see a little bit of a pickup for the man to july numbers coming out. that could be a sign that the consumer has a little momentum going into the second half of year. we also get a report out at the new york fed on consumer credit balance is such. what we see they are his households are starting to feel little more comfortable using their credit card again.
consumers seems to be in decent shape. trade your home depot up six by 4% better than some expect it. being that we see people go back and reinvest in their homes, building out their homes. credit is coming back. maria: how do you feel? >> i think it's going in the right direction. the rasmussen report said the average person said it's picking up. still some uncertainty about investing in the credit card data and so forth. i'm curious to know to what extent online shopping is eating into the big rocks. we were talking about target doing same-day delivery to compete with the ever exciting amazon. there's a radical transformation in the retail set your unsafe consuming. what i find so puzzling and state duties in the 1990s and
they transform the economy, put it to the numbers that have positive. we are not seeing the pickup in part at to the numbers we see. at some point the transformation has to deal that benefits for the overall economy. trade you certainly would allow wages to start moving. it's a quandary and an economy where things are getting better. >> here's the thing about wages. we talk about how slow wage growth is. wage growth is slow but inflation is very low. if you look at how much further a dollar that you earn goes, we actually had a very long run of real wage increases. people take what they are able to keep from their take-home pay rising for several years now. maria: great point. voters are heading to the polls in alabama first national election today. the tight race reflected in dividing the gop next airborne
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maria: welcome back, good tuesday morning. i'm maria bartiromo, it is tuesday august 15th, your top stories right now, 6:30 a.m. on the east coast. race is on in alabama this morning. republicans are balgt over who will take the senate seat to succeed attorney general jeff sessions. president trump showed his support for incumbent luther strange. >> i love the people of alabama and i hope you go out and vote for luther strange for senate. it's so important that you do. go to those polls and vote for luther strange. maria: major implications this case -- race could have on the party. futures indicating pretty good move at the opening of trading. we are watching for july's report.
that's to a in two hour's time from now. let's see if that impacts market. the dow, nasdaq and s&p 500 all in positive territory. in europe markets higher, the dax index in germany, it's up a quarter of a percent. in asia overnight stocked close mixed. warren buffet is cashing out. why the billionaire investor has sold his entire stake in general lek -- electric, fractional gain in ge. could we see the end of corcs, patent ruling. the details as the show's creators claim amb networks is killing them when it comes to profits. may purple rain, honoring prince with its own color. top story this half an hour.
fear battle for jeff session' sold seat, succeed attorney general jeff sessions in the senate. on the republican side, it is a tight race between luther strange who is appoint today hold the seat temporarily, freedom caucus member congressman mow brooks, former state supreme court judge roy moore, president trump has thrown his support behind senator strange, just yesterday he tweeted, quote, luther strange of the great state of alabama has my endorsement. he's strong on border and wall and military tax cuts. >> if the president truly wants to drain the swamp, don't go endorsing the swamp canned day. he's gotten bad advice from whoever is giving him advice. >> i've only been here a few months but i share the frustration of a lot of our
>> that's probably the right take. certainly when you look at mo box versus luther strange, voting records aren't going to be that different. mo brooks is trying to run as outsider and trying to drain the swamp, freedom caucus movement in congress, luther strange hasn't been in congress, obviously he was appointed to senator sessions' seat, he doesn't have a big voting record. mitch mcconnell sees him as ally and trying to get agenda passed and tax reform passed and this is someone who mitch mcconnell wants and not mo brooks. jon: this race for the republican nominee is the race for the seat, there's no democrat that will come and win the seat in alabama. >> it would be a shocking if the democrat fills the seat. expectation is there will be runoff and nobody will press the 50% vote tonight and this will
happen, special election, force special election in september, well, you'll have another election. maria: wider implications for this race basically showing divisions within the republican party in your view, anna? >> i do think it is going to be referendum certainly on mitch mcconnell. he came in very strong for luther strange, it is a test of dozens of money matter, you have not only -- mitch mcconnell says there's $8 million in alabama of all places, this is not high media, big market where they will be spending los angeles kind of money here. this is a big testament toward does it matter where mitch mcconnell decides to endorse or not. maria: good question, particularly now that people are questioning whether or not the senate is actually supporting the president in terms of his agenda. >> yeah, i think one of the things you have to look at here it is going to be about momentum, where does the republican party see itself putting money in terms of the
2018 mid-term election, right now obviously there's not a lot happening in washington. it's the august recess, republicans' agenda has stalled. if they are going to have successes, right now we are looking at a government shutdown fight, government funding fight. raising the debt ceiling, these are just regular things that have to get done. this isn't all the things that they promised to get done. >> to maria's point, you're saying that this could be referendum on mitch mcconnell because of the money that he's pouring into his preferred candidate mr. strange, but do you think when it comes to media if mr. strange false short, president trump's endorsed candidate, you know, failed short? >> i'm sure it's going to be covered widely, although, i do think there has been expectation game that's been set here. no one is expecting luther strange to win tonight outright. he's come in consistently second in the polls with mo brooks just
a few points behind, within the margin of error. i think there has been moderation in terms of that and i also think -- president trump only endorsed yesterday, it's not that he had a ton of skin in the game this this race. maria: thanks for weighing in anna. anna palmer there. the creator of walking dead, the cable network that airs tv show, the legal battle coming up. the new shade of purple, custom color crated by in prince's honor. back next. you totaled your brand new car. nobody's hurt, but there will still be pain. it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do?
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dow industrials set to 50 points, quarter a percent higher, s&p 500 strong as well. pandora new ceo, sling tv ceo robert lynch will take the job effective next month. pandora has been searching for ceo, shares down nearly 40% in the last year. we are watching shares of amc networks this morning. company facing a lawsuit from producers of walking dead, the network has not properly distributed the show's massive profits, creator robert kirkman which signed deal with amazon. nearly 20% up this year. warren buffet cashes out in one of the olderrest companies in the country. cheryl: warren buffet sold entire stake in ge, previously
the company owed more than $10 million, warren buffet boosted his investment in the bank of new york to 33 million up to 50 million shares, shares of ge are down about 20% so far this year. crocs has been dealt a blow. croc design is not original, to make matters worst, they were told that another company applied for a patent ayear ahead of corcs. they plan to appeal the decision. they spent years suing rivals to protect that design. the stock up 23% this year. kind of notable sense it's a retailer, guys. finally this, prince is getting his own color, paying tribute to
the late singer with a new shade of purple. love symbol number two, prince who died from drug overdoes last year has been associated with the color thanks to 84 film purple rain and references to it in his song. one of my favorite youtube's video is him sing to go you, by the way. [laughter] maria: i loved having him on. oh, my god, he was an incredible icon. what story struck me, jon hilsenrath, is that bergshire is cashing out of ge. the stock is all the way down to 25%. warren buffet giving up on general electric. jon: ge is the worst performer in the dow right now and happens in the same month that jeff immelt steps aside. you to wonder if buffet lost confidence in the leadership of the place and strategy in the place. it's interesting also that he's
buying shares and strategy change, ge, amazing, 20 years ago ge was the stock that everybody wanted to own, it was the company that was seen as the best-run company in america. maria: what happened, do you think? jeff immelt took a couple of days before september 11th, remember during financial crisis, that stock went all the way down to $2. jon: that's when warren buffet bought it. you could say he's cashing out. still pretty good profit. >> he bought low and selling a little bit high. maria: he is also saying he doesn't think it goes much higher. he made a killing on it for buying it $2. everybody wanted warren's money and terms and incdable -- jon: what was going on in the commercial market, he got in there and made a killing, he
sees that the run has gone as far as it's going to go. a company since the crisis where you've had to wonder what is ge, what do they want to turn themselves. maria: totally changed the company, selling other businesses. jon: largely financial company and it was never the same. maria: now largely, what, industrial energy. we will take a break, when we come back seeing wealth differently, how each generation chooses to manage their money. what about yours, back in a minute.
maria: welcome back, trading places, the largest generational transfer of wealth is coming as baby boomers move out of the workforce and millennials move in. shake-up estimated $30 trillion over the next 40 years. this according to report. joining us to talk about it technical strategists samyr, thank you so much for joining us. >> absolutely. maria: baby boomers considering the wealth-holding generation, walk us through what's taking place in. >> sure, what we will see over the next decade or so, 4 to 5% transfer every year and after that ten years, what we will see increase, almost 8 to 9%. so what you're seeing the silent generation which grew up during great depression, they are passing onto baby boomers who will then pass onto millennials and that's what will driver a lot of trends. maria: do you think this is
going to change or impact the economy, millennials take on more exposure in the workplace? >> it will. maria: what are the impacts to have economy? >> sure, what it'll do is keep driving a lot of trends that we have already seen. technology will be much bigger portion of how we do things, whether it's purchasing things on lion or doing things from investment standpoint. wells fargo rolled out own solution because, again, what millennials are telling us is they would rather have things automated. >> a lot of millennials are saving cash more than necessarily investing. how is that going to affect markets or are there any in particular investments even more rare, any investments that millennials are leaning towards more in. >> they have a little bit in equities but not nearly as they taking as much risk as they should be and holding a lot more cash and has to do having lived
through great financial crisis. so they hold a lot more cash, one of the things we might see is they may not buy stocks to the same extent that they should. jon: sameer, is you have baby boomers retiring and they take it out of the market because they want to live on it and pay medical expenses and such so that you have a huge -- is that a problem that could hold back stocks over the next 10 or 20 years? >> we don't think so. we would be concern if the millennials weren't portion, they are as large in number as the baby boomers are. health care is a great point, you know, when we were running the report and you look at how
much the baby boomers are spending on health care, that'll be a major trend for years to come, for everybody that worse about drug pricing -- >> are you saying the baby boomers will transfer wealth to millennials or millennials are going to be saving more and the baby boomers are going to be saving less? >> both, exact limit as baby boomers pass on, children tend to be more in the again x-millennial cohort, for right now, baby boomers are entering retirement and have probably a few decades ahead of them. >> i'm glad that you mention again x, as a member of gen x, being a boom, more people. you have the baby boom that's retiring and retiring for longer amounts of time. what does that mean the federal financial health when you're looking at social security, medicare, and tax burden on my generation? >> it's going to be a much
bigger deal thanst ever been before. you have baby boomers who were the first to to have to plan for retirements. they came up when 401(k), 403b's were taking on much more popularity. they don't have pensions as the same extent as the silent generation. >> we have social security and medicare obligations to the baby boomers. >> exactly. those would be taxed at a much higher rate, baby boomers will look to those for source of funds because they don't have pensions. >> fewer of us supporting -- >> precisely. >> millennials generally, all of my friend group as well as read repeatedly that they don't expect social security at all, not planning on it at all. maria: that's a good point. wells fargo study found 55% of millennials feel financially well off but 44% do not. how is the generation choosing to build wealth then? >> what we are notices is they
are taking barbell approach. you need that emergency fund on hand but they are creeping out in the stocks a little bit, what we really need them to do is have the difficult conversations with their parents, with children and we need them to take enough risk. time is one thing that none of us can get more of later in life. if you're a millennial and gen xer, you have to really increase the amount of taking without thinking about, again, somebody of the obligations, you've got to be able to take the risk and get that growth in portfolio. maria: we will leave it there. sameer, joining us there. former uk leader nigel farage heading to hollywood, recalling the events that lead to the uk's exit from the european union. next hour mornings with maria, back in a moment.
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economic accomplishments. we are we appreciating trade deals and making them good for the american people worker and it's about time. our economy is strong. the stock market continues to hit record highs, unemployment is at a 16-year low and businesses are more optimistic than ever before. maria: this coming ahead of the cbo report on ending obamacare insurance payments which is due this afternoon, what it means for repealing and replacing of obamacare coming up. two more ceo's resign from the president's marving council, leaders from intel and under armour following the lead of merck's ken frazier. the nasdaq and s&p 500, in europe markets are higher across the board, take a look at european indices at this hour with all of the majors up
between 30%. asia overnight, stocks were mixed, hong kong hang seng down a quarter of a percent. home depot, a stock to watch, company reported better than expected second quarter results. the stock is up this morning by a fraction. coach results also hitting the tape. earnings coming above expectations but revenue is the problem, sales fell short and the stock is now down better than 7% this morning. alaska airline letting passengers get vip service, there's a catch, though, if you have to wear one athlete's jersey in order to get that vip service, we will tell you who. nigel farage heads to the screen. details. all the stories coming up this morning and joining me to talk about it political analyst kristin hag land and jon hilsenrath and political
analysts amy holmes, great to see, everybody. jon: i wanted to ask you how trump is doing, latest example of the charlottesville killing, how is it looking? >> approval rating has been going down and one of the more favorable polls when it comes to the president because we pulled likely voters not just all americans, so that gives you a little bit of a different view of american view of him, we also see it going down in galup, it hasn't been good for the president. i'm hoping as an certain citizen that statements about charlottesville help to turn that around. >> what's interesting about polling is concern is attention on approval numberses and yet congress approval number under 20% at this point. >> mainstream media is even lower than that.
maria: our top story president trump will sign infrastructure, 1 trillion-dollar infrastructure plan. touted yesterday while in washington. >> i'm in washington to meet with my economic about trade policy and major tax cuts and reform. companies are moving back to the united states and bringing many thousands of jobs with them. we have already created over one million jobs since i took office. maria: president's economic optimism despite unclear in health care and debt ceiling. joining me right now ron di
santis. >> i think you can walk and chew gum at the same time. focusing on the bureaucracy and the red cape which we can appropriate money for infrastructure in washington but if it gets chewed up with endless bureaucracy a lot of the money doesn't get on target and by the time it does, it takes forever. maria: before we get to that, though, in terms of tax reform, can you walk us through where you see the big debate happening around tax reform? is it basically what deductions stay and go? >> well, we've talked before, the biggest initial debate has
been solve today remove the border adjustment tax. i fought for that for months, a couple of my other colleagues were vocal that. was removed at the end of july, i think that clears the way to do something, obviously there's going to be different reduction and credits that are going to be discussed, the rates, we have -- i want as low as possible on both business and individual side but i'm optimistic that the house will pass tax reform, both on the business and individual side, i'm not quite as optimistic at what will happen in the senate because i think the health care failure was so spectacular where you had six republican senator who is voted for the repeal bill last congress vote against it this congress so it's hard for me to predict how that body is going to process it but the house will get it done. jon: congressman, when you return, you will have 12 working days to address the debt ceiling which treasury secretary mnuchin need to be raised by the end of september and he's urging congress to do it without any strings attached. let me just ask you straight
out, will you vote to raise the debt ceiling without any strings attached when you get back? >> well, it's interesting 12 working days. we gave back five weeks, we should be working on the stuff now in washington. the debt limit is smoke alarm that tells us there's a fiscal fire and address it. we have to address the underlying fiscal situation. we have been promising the american people we would to that for an awful long time and i think it's very reasonable when we are 20 trillion in debt to say, hey, how can we do a course correction. jon: i want to ask you again, will you vote to raise it without any strings attached? >> i want fiscal reforms included with the debt limit. jon: is that a no? >> that's been my position since i've been in the congress. jon: all right. >> congressman amy holmes, congressman me dose from north carolina, he told newspaper that there needs to be a change in
strategy from republican leadership and he's perfectly willing to work with conservatives and moderates, raising debt limits that we might see bipartisan breaking on capitol hill? >> it's unlikely on the big-ticket items, health care, taxes, you may see some on the infrastructure. some of the is it your opinion with the debt probably will be bipartisan, they wait till the last minute and cobble together a grow terrific package. i think that's probably the most likely outcome unfortunately. >> unfortunately didn't we see with repeal and reform effort that if we don't have a single democrat particularly in the united states senate, if you don't have a democrat on the republican side, you're not getting the work of the people
done. >> i think you could have probably gotten some democrats depending on which reforms were up for debate. as long as repeal was up for debate you lose democrat vote. that was kind of the central promise that we had made the american people and with health care, they'll be talk about bipartisan stabilization of the insurance markets, understand what that means, that's going to mean shoveling money at the insurance companies, that's not going to solve problem of why the markets are deteriorating, that will be papering over the problem. so, yes, you probably will have some republicans join with a lot of democrats on that, but that will not actually solve the underlying problem. maria: so do you see any democrat support in terms of tax reform? do you expect to get any democrats on tax reform? >> i wouldn't could want on it but i think we probably can get
some particularly on the business side, but it is not going to be like 1986 where you got 90 votes in the senate. it's just not going to happen. i think their party's approach to tax reform is more informed by people like elizabeth warren and bernie sanders who really view high tax rates as an instrument of social justice and focused more on that rather than economic policy. i wouldn't bet on getting a certain number of democrats but once this thing starts going, you may be able to pick up some. >> congressman, chris his haglund, sticking on tax reform and speaking not adding to add 20 trillion-dollar deficit, but when you talked about tax reform, you said a great uniting thing was the fact that a lot of people, all right, we are not going to pursue the border adjustment tax anymore, a lot of democrats in the senate said we are not signing a bill that raise it is deficit which is ironic coming from democrats.
but how do you get a tax reform through if we are so concerned about deficit without some kind of way to pay for it? what is the house's way to tackle this? >> so you could reduce taxes. that does not add a penny to the deficit. makes sense to pair tax reform and that's what we promised the american people. we look back at the 80's and said f reagan only had a republican house hi would have been able to rein in some of the spending. you can get several billion dollars in savings just in welfare reform. taking abled-body working age adults, it's just a hand where you are expected to work. there's definitely been
proposals that have been out there. i think that makes a lot of sense to pair the tax reform with that spending restraint? maria: what about the congressional budget office releasing this new report today on obamacare insurance payments? the cbo stopping insurer payments would have on the budget as freedom caucus to force vote of straight obamacare repeal. should congress pay any attention to cbo report? >> here is the thing, maria, those payments have never been appropriated by congress. obamacare wrote it into the law but didn't provide the money and then congress has decline today appropriate the funds. the obama administration continued to spend money when it wasn't appropriated by it. you cannot spend it if it is appropriated then the executive has obligation to spend it, so that is really the threshold. in fact, the house went to court last congress to fight the obama
administration on this because we argued they were abusing congress spending power. so that is, i think, very important, what the cbo would say, i don't know what they would say, they tend to view government spending as being a cure-all, paying money to insurance companies is a good thing, i don't think it's a good thing because i think it perpetuates the flaws in obamacare system. maria: great points, great to have you on the program this morning. thank you so much. >> great to see you. maria: congressman ron desantis there. north korea dictator reportedly having second thoughts about targeting guam for now. plus the drama of brexit may be coming to the screen, hollywood names tossed around to pay bad boys of brexit. stay with us, 8:30 eastern a special mystery guest will be here
maria: faces crucial test, cheryl casone with the details. cheryl: voters are going to the polls for republican senate seat vacated by jeff sessions. chief justice moore has comfortable lead, leads senator luther strange who occupy it is seat. president trump and leader mitch mcconnell have endorsed strange. a story to watch today. let's head overseas, north korea holding up on its plan to attack guam. the country state media saying that kim jong un would watch u.s. action before making any decision. the north also released photos of him being briefed but this comes after defense secretary james mattis issued a strong warning. >> if they fire at the united states, that's called war. if they shoot at us. if they do that, then it's game
on. cheryl: all right. about 7,000 u.s. troops currently are stationed in guam. and finally this, brexit is coming to hollywood. major film studio, we don't know the name of the studio is negotiating with brexit's leader nigel farage about making the days of political upset into a movie. named studio is going to pay 78 million for the rights to bank the book, the bad boys of brexit and chronical it is whole campaign. six-party series expected to start filming this year. i never thought i would say that the bad boys of brexit, maria. [laughter] maria: it's funny. thanks, cheryl, you think about what took place just several months ago with brexit. there was a lot of drama. who should play nigel farage? >> the perfect actor is michael cain. and i watch nigel farage, i
think it's so fabulous, so much fun. i hope erin is not involved in this project. >> house of cards, madame secretary and et cetera, et cetera, so you could know this is going to do really well. maria: i don't know why the drama in dc is even bigger -- [laughter] >> i can't wait for the end of the movie about the administration that will come out in what, five, eight years. [laughter] maria: coming up the real deal for movie lovers, cool new way to go to theater as much as you want for less than ten dollars a month. an emotional return, chris say it is rockies pitcher plays for the first time since cancer diagnosis, stay with us
maria: welcome back, what a special night in denver, what a comeback by major league baseball pitcher, jared max with the story now of chad. >> good morning, maria, lost november rockies winning 2016 chad was diagnosed with testicular cancer. last night pitcher went back to work as rockies all-star baseman said what he went through is way more important than baseball, the fans, of course, let him hear it. hero's welcome, and he didn't just show up to work to clock in, pitched seven shout-out innings last night. three runs late to beat atlanta braves. welcome back, chad. results from a toxicology report
on tiger woods on his arrest released by palm beach county sheriff's office. you didn't need to do forensic expert to know he was far from right, former world number one golfer sleep at the wheel, he was filled with assortment of drugs, painkiller vicodin was present as another powerful painkiller hydromorphin and xanex and ingredient in marijuana. most popular trophy in sports is in today. the green jacket that byron nelson won at 1966 masters is up for auction right now. now, if you know the rules, you might wonder how could that be, florida-base green jacket drawn
$115,000 in bids for the jacket along with a couple of other member jackets plus other items from the club, but here is the problem, agusta national incorporated, had to file a federal lawsuit that's trying to file the auction from taking place because the jackets are property of the golf club. now the winner each year gets to take the green jacket from the club and has it one year, sergio garcía has it for one year but has to be returned and members as well are not allowed to remove their green jackets from the club so how do these green jackets make it out at the last check a few years ago, the byron nelson was on the grounds and now it's not. they are trying to take action from taking place. jon: what do they do? maria: we had the guys from pawn stars once and he told me that one day -- he has a green jacket that someone went there and they just wanted money for it. so you're right, they get out
there some how even though they are supposed to return them in a year. jared: one was found and somebody had gone through a whole story, second-hand store and found an old-green jacket which appeared to have the member's name in it. just like the tom brady super bowl jersey. [laughter] maria: how about this, alaska airlines enlisted the help of seattle quarterback for creative employment strategy. watch this. >> name that route. >> albuquerque, atlanta, cancún. >> come on, i see the hustle. i see the hustle for the baby. maria: will wilson help alaskan airlines? >> they have a promotion. you fly and show up wearing russell wilson jersey you get to preboard and get on the flight early, promotion for a while, he has teamed for alaskan airline
before, donated $7,000 for charities and it's a way to keep -- >> my mom is from seattle and she has a huge crush. >> i am with your mom on that, i would definitely show up in that jersey. jared: you fly out of seattle, look at all the -- maria: very funny. jon: everybody gets on it at the same time. >> if i board the flight in atlanta wearing the green jackets in the masters, what happens then? jon: security. [laughter] maria: thank you. catch jared on fox news headlines 24/7 or siriusxm 115. coming uptaking binge-watch to go a whole new level, signing up to see dozens of films in theaters. >> cannon ball. >> you're the man. >> if you'll excuse me, i have to get back to slacking off.
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train to welcome bag. good tuesday morning. i maria bartiromo. it is tuesday, august 15th. rebuilding america. president trump is in new york today where we will hold meetings on fixing our nation's infrastructure. the details on the executive order he plans to sign later today. wall street once again the topping supporting home depot in coach. topping expectations while coach came in with weaker than expected sales. as a result, stocks are reacting. home depot shares up half of a percent. as you saw there come the sales were down in coach in stock down
6%. due out an hour from now come out of the number, the markets are off. dow industrials higher the morning right now with a quarter of a percent at 62 points higher. the nasdaq, s&p also higher. across the board also looking at hightstown here. ft 100 of two thirds of a percent. asia overnight stocks close mixed with japan a big performer better than 1%. hong kong was down 4%. taylor swift winning big. a jury sided with the superstar radio dj she accused of groping her. >> i just love the role model that she is or make girls, gestures standing up for her right. >> the symbolic settlements with perceived coming up. the newly millennial space for big-ticket items. we'll tell you about it.
bill gates going big. the microsoft founder making his largest donation in 20 years. the massive amount of money is given to a charity this morning. movie lovers, grab your popcorn. a new way to pay for films that the theater is here. monthly subscription service movie pass allows you to watch one movie a day for under $10 a month. joining us now come in the ceo of movie pass, former president of red box mitchell is with us along with chairman and ceo of ted farnsworth. great to see you both. this is big news. i want to ask you first about what you try to do. >> you know, people really do want to go to movies more often. the problem is that the price and risk of seeing a bad movie is high. so people tend to wait until it comes out on video or streaming services. what we want to do is make it easy to go back to the movies
every day as much as we can. maria: i like it. matheson analytics bought a stake in movie pass. what makes it different than other subscription services? >> first of all, i think it's going to be big. anytime you go unlimited for $9.95 a month, it is big news. the vision with what he did at netflix and management team to last was building shareholder value is a perfect fit for us. maria: is participating? >> almost everyone. amc, riggle, cinemark. maria: you can see any movie you want? >> just about every movie. the exception is 3-d at imax it eventually will come out with a plan for them, too. maria: it's pretty incredible. i want both of your takes on this. netflix has been an incredible success story. tv viewing is turning toward
services. netflix. what is your reaction to what is taking place? >> it's been a company driven by focus on doing one thing and one thing better than anybody else and that is coming up with content that people really want to see. creating a way to see it in the way you want to see it. it had been around for many years, but the focus on making that away to watch how characters develop and can it take you through a whole story was a big change in the way people thought about entertainment. it's one of many things. this simple thing like being able to have the next episode automatically play was new. those little things are just amazing and that's what we've learned and brought to red fox and movie pass. maria: how do you see it? >> i love it. i think it's amazing, especially the technology side. we are doing social
reengineering, taking people back to the theater. he will be interesting how it affects us. a lot of people don't know, the 75% now are millennial spirits of that is huge. the theaters are losing millennial sin coming back and we are part of that. that is what we saw in his the really exciting part of what they were building. maria: the big companies are worried about netflix. what did you think of disney's plan to create their streaming pop corn and not give their content anymore? >> disney is one of the few companies that can do that. where people recognize disney special content. it is one more challenge for netflix to fight against amazon, other people. maria: meanwhile, netflix comes out. we'll spend $15 billion on new content. that's a new number. they are writing big checks
right now come in competing with these guys. >> is unfair competition because netflix can afford to pay a lot more for great content. as they expand internationally, they are bringing international back to the u.s. for the markets here. it is really quite fascinating. in fact, when we started netflix, we never realized the big byproduct was people started watching films they never would have rented from bob buster because there is no incremental cost. watching documentaries and foreign films in smaller films. people are doubling the amount of films they go to once they become a subscriber in almost all of that are films below 20 million at the box office. maria: you make a really important point. a new selection of films and you probably watch that they would not have gotten any thought a
stir. >> experimenting and it supports the creative community because they are going to the small films that can afford the budget. maria: how do you think films like different in movies like different in the next 25 years? >> movies go back to the theater for social experience. theaters now have fine dining at different things out there. the theaters are realizing they've got to change their whole way they approach the market of bringing people back. it is a social experience back there. maria: that's one of the issues in theater is there a big mess. >> over the last five years they really cleaned up. the sticky floors have gone away. beautiful screens and the sound. what i find fascinating is how you can bring television product to theaters? how can you credit that the movies at the 20s and 30s and 40s recorded the movies, see a comedy, and many see the movie.
what we want to do this kind of bring bring television experience is the short form content into the theaters. maria: when you say short form content, is that the future? >> or attention spans are getting shorter and shorter. we can consume things in smaller segments. >> going back to mitch's vision into the past that we'll see a lot of changes, how they affect the theater going back to the technology and what we are able to do to really engage and be able to help them and guide them along the way into the theaters. maria: you wonder what netflix is going to do about these guys. you think disney is a class by itself? >> disney is in a class by itself. i can't think of anybody in the same class. maria: we will leave it there. great idea. good to see you both.
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maria: welcome back of a stunt woman from the upcoming deadbolts equals dead this morning following an accident on the set. cheryl casone with the details. >> berea commenced a woman identified as joy terrorists come in first african-american woman female professional road racer. there she is. paris is doing her first film is a performer. she lost control of her bike during one of the sons, jumped a curb and crashed through a plate glass window.
this even after yesterday. tom cruise getting hurt on the site and now this this morning. >> taylor swift has now come out on top. the pop star winning the sexual assault case against radio host david miller. a jury ruled in her favor saying they believe that he did grow pride and grow pride and meet and back in 2013. obviously the singer hopes to make something good come from this ordeal in a statement to the court room. here's what she said. my hope is to help those that should also be heard, and therefore i'll be making donations in the near future of multiple organizations that help assaulted to defend themselves. the mueller will have to pay a symbolic $1 in damages. that was per her request showing the trial was about getting justice and not about money. speaking of money, bill gates has made the largest donation of microsoft stock since the year 2000. according to an sec filing, the cofounder has been needed for
$25 billion worth of shares. the majority of donations have gone to a charity that he and his wife melinda used to promote global development. gates remains the world's richest man with an estimated net worth of nearly $90 billion. maria: that's just incredible. thank you so much. bill gates will go down, his legacy will be more about giving away 100 plus billion dollars that will be about creating compounding microsoft. pretty extraordinary. >> is so wonderful to see people use their wealth for good in this world. you can't always rely on individuals to do that. to see bill gates see bill gates setting an example, warren buffet as well very generous. it's a good thing to remember what the strife and division that we have that there are good people out there using the things they have been given to give back. trade to bill gates and warren buffett or not the same at all. warren buffett gave his money
away recently when he gave it to the gates foundation. bill gates has been charitable his entire life. he started this very early. >> his wife has been a huge part of it, too. >> the bill and melinda gates foundation in all the work they've done not only the united states but globally. my former boss, bill fred, worked a lot with the bill gates foundation on africa, clean water, hiv/aids and things like that. maria: they've done so much with disease. polio incredibly is almost gone throughout the world. i think this shows two countries left that have polio that is a killer. >> you have to wonder if all of these other internet billionaires are going to follow this example and do the same thing with their wealth. >> mark zuckerberg has started to do this a little bit with education in public schools in america. another great thing. a lot to give to in the country as well.
i think the influx. >> i would also say this is part of the american character. his famous survey, american political life.we are one of the most philanthropic societies and we always have and. >> there is no other country against america. >> look at the carnegie is, guggenheim's, they still hold their names. >> the average american citizen and you write online. go to the red cross and boom, get there five or $50. >> bill gates stands head and shoulders above anybody else in terms of philanthropy. nobody like bill gates. >> do spend a lot of time interviewing. how smart and how smart about policy and how it's being used? >> very. one interview he came on telling us about this debate he had created to get medicine to the place that it needs to go in a timely manner.
if you get to madison to remote places in africa and it's taken so long to get there, it's no longer effective. they created a refrigeration product whether as a result of the medicine could be transferred easily regardless of how long it took to get there and be incredibly effective once upon the ground. he's been incredibly thoughtful. >> the money going into the american education system. train to the gates are there as well in terms of education, certain with young girls could melinda gates is one of her priorities. kudos to them. i love it. people getting serious about their retirement savings. you might be surprised. stay with us in 30 minutes time coming mystery guest joining me here in the studio right here. "mornings with maria" back in a moment. hi.
unaware of regardless of what group they are in. i think it does start with people having conversations. where their parents or grandparents came from. when you sit down and share that life lesson, what you do is set up a system of prevention. you help your kids or grandkids prevented from going down an avenue that brings financial pain later. >> it's been a good year in terms of 401(k). the market is doing well. do you think people should try to put more money in their 401(k) when they have the opportunity, when they see a market like this? >> yeah, maria, what i've been going around trying to help people understand is your 401(k) , the goal of having that money set aside is to eventually replace your paycheck. when people start to think about that, that this is not similar in sending money, i would enough money that i can pay myself later in life. maria: the survey showed 30% of
young millennial employees have increased their retirement savings over the past year. these are like 18 to 26-year-olds in 26-year-old than they saved more than any other age group. that's pretty remarkable. >> that is fantastic. with compound interest and time coming young people could truly experience good financial growth later. the real question, maria, is are they doing enough? they could increase 1% in bump up the survey. are they truly aiming towards 50% of their income? are they on track to get to the level of financial independence? maria: that is that they should be doing? maximizes much as they could? >> match and then use a roth ira. the goal is get to 15% of household income and puts you on track. maria: thank you so much. always great to talk with you. the picture that has gone viral of a boy and his cow at the iowa state fair. the hilarious reaction next hour
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trump. three executives have resigned for the manufacturing council. what it means for the agenda. north korea backing down targeting guam for now. james mattis issues a certain warning if kim jong un takes action against the united states. / >> if they fire at the united states very quickly, that is called war. if they do that, then it's canine. maria: north korea tensions easing, global markets on the rise. features indicating dow industrial set to open 50 points. nasdaq up a third of a percent almost 20 points higher. european indices higher across the board on one half of 1%. hang seng was in japan at better than 1%. election day in alabama. voters head to the polls with a tight race. within the republican party with
retailers on the move to the downside. selling off this morning. home depot shares are up after the company raises its full-year guidance of the better-than-expected quarter. home depot is turned into negative territory down half a percent. coached on seven and three quarters said they spent. plus, winter has come in connection to a "game of thrones" lake four people arrested in india. we have the latest imac. all the stories coming up this morning. political analyst person have an affair. equity group investments shiner country chairman and founder and rasmussen political analyst amy holmes. great to see you. good morning. sam committed to see see you. thanks for joining us. december you are out of the book. am i being too subtle? the president and what's happening right now. what is your take on the ceo now stepping off of the manufacturing council?
>> i think it's probably too extreme a move. maria: feels like grandstanding. >> reinstating has implications i don't necessarily want to go to. i didn't think there is any demand or requirement that they do this. i mean that what trump said could have been fed much better. but once again, trump's comments he said go for it. he didn't see anything like that. it seems to me everyone is jumping on the bandwagon, lifting underway to get the attention and i don't think it's very day. trend is certainly not protect you. we like your take on what you see the going from here. will the agenda get the tax to
fund the tax to fund animal health care get solution. talking about that this morning. our top story right now in focus today to infrastructure following yesterday's exodus of the three ceos from his counsel. blake burman and his life at trump tower new york city with the latest. it was crowded last night with protesters. >> implies. it's a much different feel at 8:00 this morning. the cars going by as you can see behind me. we will see other protesters shake out if they do come back here throughout the day. the ceos that are now starting to walk away from the president. two more leaving the manufacturing council overnight. that being kevin plank of armor armor, they fill a temperature of merck said yesterday. while they did not specifically mention president trump and the reason for doing so, this appears to be a reaction to the president's response to charlottesville. stepping away from the manufacturing council, i
resigned because i want to make progress while many in washington seem more concerned with attacking anyone who disagrees with him. we should honor, not attack, not attacked us is to do for equality or cherished values. the president for not a first mentioning the kkk, neil nazis and they stepped aside yesterday after the president even made these remarks from the white house. this >> those who cause violence in its name mark criminals and thugs. including the, neil nazis, nazis, and repugnant to other thing we hold dear as americans. >> maria, president trump is back at trump tower for the first time of his presidency and he will use the backdrop of new
york city today to sign an executive order in which a white house official told me moments ago will target the permitting process for federal projects labeled one federal decision, meaning of federal projects they just want one decision for the permitting process with the goal of trying to bring them down come the timeline at least two years. major players here at trump tower. maria: will keep coming as this develops. blake burman outside trump tower in new york city. former deputy chief of staff to george w. bush and fox news contributor karl rove. good to see you. give us your reaction to all of this. >> it's going to be a good first step. the president last week called upon congress to pass an infrastructure plan. the white house needs to follow through with the national plan that it wants. there is no comprehensive plan update. no piece of legislation and that means to get done in order to go forward. it's a useful step command don't get me wrong, but basically
directed to other federal agencies within a certain period of time as i understand it moves through a process to within two years how long it takes to approve the project to move forward. >> is a good point in terms of the red tape and bureaucracy. you bureaucracy. you seen this firsthand that you have to go through. in order to get anything done in terms of infrastructure. >> more than just the bureaucracy has effect did one place to another. he wants to fix the bridge, he's got put over the water. the minute you put it in the water, another 10 agencies have jurisdiction. this is long overdue. i mean, how long did it take to build the alaskan pipeline? supposed to be done in two years, took like 12 or 11. every day another word that now gets up and says this is not
good. i wonder how they feel today were the election pipeline had a major difference in our country in a major difference in alaska. >> i do question for mr. roque. a lot of questions with reporters with mr. rupert murdoch had dinner with president trump and was urging him to fire steve benin. do you think that would be helpful if it were no longer there? the >> the white house is a complicated place with a lot of personalities. the president is to set the tone. i worked in the white house with a lot of collegiality. the president i worked for created an environment in which people could disagree with each other and even disagree with him and do so in no way that they did need to worry about being leaked to the "washington post" or "new york times" for sun news
outlet. how much they leak against each other and a lot of people point their fingers at steve benin. i'm not in a position to find out if that true or not. i did know he'd been a controversial and figure at times. i was congested this morning destroyed "the new york times" by maggie haberman and we don't know how much of that is accurate, how much is not. they had a point that even while he's not the minister, he consulted heavily with the president on saturday about what he had to say about the charlottesville. they suggested his advice was be careful about picking up the ban and seize is a small but energetic part of the president space. if that's true, if that was his advice, the president's remarks yesterday were eloquent.
they would've been extremely powerful if delivered on saturday. they were so powerful on monday. maria: what is your take on the ceo stepping out of the business council? >> first of all, the councils to my mind, this gets very complicated, but their federal rules about the creation of these councils and i don't see how they could be created because it requires them to file ethics reports, financial reports. these things are not allowed under federal law unless you go through a bunch of hoops. my sense is the white house get very close having the manufacturing council in competitive council not established by regulation or law in conformity with requirements for these groups throughout the government. having said that, they are useful for people to talk about the issues. it's a two-way street in his executive face problems with consumers and customers if they are seen as too close politically to the white house.
no matter who the president is tremendous ceos like to have a voice in public policy, but they don't like to be seen as closely identified with the white house. in a moment like charlottesville and particularly after the president triggered the resignation of mr. fraser merck by blasting them, i think it probably had a couple other executives who better get out now before i get a place right has problems with my customers and the population at-large. >> so you said basically maybe they started to think about i should step down, too. after the president came back and started saying that, you have more time to rip off drug traces. >> i just think the whole thing is a lot of noise. i don't think it's the end of the world either way. i think all these committees are ways of rewarding people by
allowing them with the residents committee. the president of the united states can get the opinion of everybody who wants to hand the moment. the show associations i think what karl rove said was the access they provide is available no matter what. maria: it's a good point. breaking news, the president is just tweeting a moment ago. a day in alabama. go for luther stange. he would be great. "fox and friends" speaking about >> without the personal friendship and we like each other and we have the same goals, to make america great again to implement his agenda. that's what the people of my state want and what i've been doing in the senate since i took jeff sessions twice in february.
i've done everything i could do to support the president's agenda and that's what the people of alabama want to see done. >> karo, what are you expecting for the special election today in alabama? >> full disclosure on supporting the senator. we spent several million dollars in support of his candidacy. i sense his former chief justice of the alabama supreme court is going to leave the contest. there have been polls are now 10 days, two weeks old that showed a tight race for second place. i think senator strange is going to be in the runoff. the question is going to be how close he is and how close is the third-place to senator strange will deny it. alabama is a strong republican state. it could have a good senator from that state. the man of enormous ability and tremendous integrity.
the college basketball is about 67, six able make a tremendous senator for alabama. maria: let's talk north korea. pyongyang is shelving its plans to lob missiles towards guam. kim jong un releasing the following statement to the media regarding this. it reads in part, if the yankees persist in their extremely dangerous reckless actions on the korean peninsula and in this vicinity, the north will make an important decision acid already declared. of course this comes after defense secretary james mattis is game on if the hermit kingdom strikes the u.s. your reaction to kim jong un backing down, karl rove. do you think the president has done a good job with this reaction to north korea? >> the tough rhetoric was important.
having minor disagreement with the first time he said firing the jury. what he said his essay makes rats threats, more threats are going to respond. that is what they do is make threats. madison the president the last few days made it clear to launch towards u.s. territory come up on the said territory of the united states, and that is over the line. madison specifically it's an active word. my suspicion is a bunch of korean generals are sitting there in their command center, saying mr. leader of the senate missile towards qualm, we can't guarantee it's not going to end up for 10 miles away. we can't guarantee they won't end up in u.s. waters and will be in trouble if we do. maria: karo, great to see you, sir. we will be right back. stay with us. fidelity -- where smarter investors will always be.
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i can also help with this. does your bed do that? oh. i don't actually talk. though i'm smart enough to. i'm the new sleep number 360 smart bed. let's meet at a sleep number store. maria: welcome back suspect in fatal charlottesville attack appears in court cheryl casone with the story. cheryl: maria bail deepened yesterday accused of killing a woman ramming his car into a group of protesters, charlottesville virginia over the weekend it happened, after violence ruptured white supremacists held a rally appeared in courtroom via videoconference from local jail did not enter a plea in connection with with the death of 32-year-old. >> arrests made in connection with with "game of thrones"
piracy case four people detained for he alleginging stealing 7th season leaked only before it premiered on hbo former employees company hbo's paid tv, dr. partner in india, this incident is not connected to a larger hawk of hbo would -- reporting on. >> finally a story about a boy, and his cow the internet lovers it a 15-year-old and cow taking a nap together viral two entered the cattle show the father povd picture on facebook page sunday so far about 20,000 responses have been posted more than 1500 people have shared the photo. just to get -- see it at last. >> it is great tub harsher
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your take on this, what they are talking about right now lowering the tax, he collapsing the number of brackets the deductions big debate in congress right now what would be most important do you think, in terms of moving the needle on economic growth, that they need to do in tax reform? >> well, i think there is a long list of things that could be done. i particularly think that the idea of eliminating the tax deductibility of local state and taxes is a really big
thing i think that there has been i think that structure has incentivized states to generator taxes that might not be required might not be the best answer because after all feds are paying for half of it or paying for 60% of it. i don't think that is healthy. tax policy, i think it is a long time needed to change it. >> is that going to punish certain earn aers like new york and california there are some people feel that --. >> it is going to create a lot of additional discipline for new york and california, and connecticut. >> what do you mean discipline what do you mean. >> in other words, you know, if i am i want to pass a tax that increases the about income tax 2%, i say to myself well, federal government is paying for half of it so only 1%. right? so i have a partner in the
deal. >> you take partners out of the deal. we ought to say you want to charge your people more? then they should pay the full benefit or burden of what you want to do so that they can intelligently aassess whether that is good policy. >> more we continue the program great insights i want your take on what you think is going to happen here will they get tax reform done are you a believer? >> some form of tax reform, yes. >> you do think something is going to happen. >> i think. >> a at a minimum i think 35% corporate rate that is highest in the world just makes is counterproductive and makes no sense. happened accidental -- but really up to the fact a lot of countries got way ahead of us, and that is not good for u.s. not good for business. >> take a break when we come back building on the bottom
line, home depot shares are up this morning after delivering they turned negative actually, did beat earnings as well as revenue and lifted guidance the rest of the year yet stock is up couple percent earlier now negative. we will break down the numbers then pandora singing phrases of new ceo take charge of the music streaming company other side of this break my guest has arrived martin shkreli here for exclusive interview. stay with us. he is next. ...it's a supercomputer. with this grade of protection...it's a fortress. and with this standard of luxury...it's an oasis. the 2017 e-class. it's everything you need it to be...and more. lease the e300 for $569 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing.
maria: welcome back happy tuesday thanks for joining us maria bartiromo, top story this half an hour, one one with martin shkreli former turned pharmaceutical ceo found guilty of two kouptsdz of security fraud, and one count of conspiracy, earlier this month, after more than four week trial, now speaking sought exclusively in first television interview since that verdict, martin shkreli joins me live thanks for joining us. >> morning. >> give your reaction to being found guilty on those charges how are you doing. >> well you know i am feeling great doing great there are eight charges the government made this large fanciful now we learn false tale stealing from my drug company jury found that k implausible render 5 out of 8 counts not not guilty three out of 8 guilty i think we still have the second chapter of this starting now where i think
three charges are very vulnerable to attack. and those i hope that those charges are reverse ordinary dismissed. >> you are trying to get those three charges reversed. >> absolutely. >> what are you doing in terms of getting those reversed. >> there is a case last week southern district through out a fraud case because of fbi search practices in my case i didn't receive one subpoena search warrant in this current you get due process, my documents were stone provided to government illegally when appears look at this will decide a trumped up, department of justice exists big bad criminals to do horrible things can be political as we know decided to take this case on instead of making it one normal boring sec mays made into gigantic conspiracy jury found that
ridiculous. >> do you chimping you are about targeted because of controversy before with raising the price. >> in fact sec told me so really remarkable, one very senior person sec now left has big law firm said to my lawyer if i kept my mouth shut none of this would have happened a sad day where being a flamboyant personal figueroa results in somebody saying look at this guy's record see what we have on many have i am. >> good point you make we watched you sitting there testifying in front of correct me if i'm wrong you said i should have brought my video game you know, sort of smirks do you regret that now that you know in fact perhaps that did go into the -- the end result. >> i think like to have two choices one you can try to do best for your business, and shed any idea that you are an individual, and become one with your corporation try to be that sort of you know stoic figure or you can sort of give up the sort of takeness be
yourself, i am kind tries to be himself, for better or worse sometimes it is a benefit sometimes drawbacks. >> the fact that you were not charged with loath your former company this is important because are they now deciding if you have to forfeit more money. >> that hasn't been decided right. >> it hasn't i don't think i have to forfeit any money i don't think i am going to jail i think this is a case that you know we see inspire we saw major s inspire trading case settled by sec, just -- you know in fact settled, wrongdoing there are hundreds of cases that never get brought to the criminal division of the department of justice no won gets he arrested banks take plnz of fines nobody arrested this is a case about targeting a guy an individual, and seeing what they can find and they got they through all spaghetti at wall they could three to stick one i don't think a legal
claim. >> when one. >> there is a conspiracy claim government brought i tried to effect the stock price of -- when i took over stock from 3 to 30. idea there is a conspiracy to manipulate shares government didn't prove that those charges will be dropped hedge fund charges i was convicted of lying to hedge fund investors make four times money i made 30,000 dollars running that hedge fund four years backbreaking work not many people in this room would take that deal my investors are happy some know me congratulate me getting acquitted most charges many -- the fbi pressured them to do so a dirty system, and if truth were to be told, i think would have been acquitted on all 8 i will take five out of 8. >> we are watching trial almost five weeks long if you first heard news the verdict can you walk us through how that sfwhoos i heard first not guilty, i take a step back saw
jury come out of the courtroom i said bad news i looked at their eyes i said, i think this is bad news. and then more or less i shut up heard first not guilty okay. i still have that feeling bad news then second not guilty i said to them congratulations, because i think i thought the rest of the verdicts would be not guilty, then we heard third guilty i made oh, my god what is this? again that third guilty was this concept that i oversold hedge fund to investors that i made claims that are not true i don't think that is true i respect jury verdict i have been reading all books including your former -- i don't think faulted -- many billionaires biographies first deals fortunes a lot of young businesspeople very long in the tooth i was 27, 28, i probably made a lot of mistakes overzealous overselling may be exaggerating i don't think
level of criminal fraud i don't think there is a business in the world has not exaggerated one point in life i am not 34 now not very wealthy not very successful i don't necessarily need to be as aggressive sort of exchangi exaggerator as i used to i think some are ridiculous on their face nobody feels bad for people that make four times the money. >> but you were pretty aggressive in terms of some statements you made you said, look, they are going do have to apologize to, me, that prosecutors would have to apologize when case was over i am wondering in terms of all commentary that you know you standing out there being tough, pushing back, did that get you in trouble? >> sure. you know. but i think it is important to take a stand be yourself not cower in front of the government not a little bit of what -- the ideology is about
i am a republican a liberal courtroom the people that prosecuted me very are very liberal. >> had hard time getting jurors so many people knew you new what you were sailing because you were out there they thought you were guilty without hearing a trial. >> i think that was fake news. >> you do? >> i sat there i listened to all jurors most did not want to spend summer in a courtroom handful of jurors decided i know who that guy is i would like to get off jury duty going to say i can't be -- would i say 90% didn't want to be there for summer had summer vacation plans i think that, you know, again, fun to bright that in you are a tabloid reality reality is far different. >> what can you do now personally resonate with people, you raised -- 5,000%
say when critics pounce you had did not shrink you relished it, on twitter a woman says that you assaulted her troll her on twitter. >> verbally assaulted her. >> veer plea assaulted ho verbally assault her is there anything in the court of public opinion. >> well, the company that i own a majority of and we are actually have the next version just about to start human testing, so will get approval in years to come other men's making better the first of their kind, and hopefully save lives many, many people around the world. you are pharmaceuticals is interesting doesn't get a lot of love people expect medicine free you can't get medicine free it is very hard to make medicine expensive from here to eternity nobodio no matter
what people does, it will save lives no matter the face me mr. frazier anybody else here to stay going to make medicine to save lives we are passionate about that. >> you think because of that you will be able to gain trust of the american people once again. >> i think that there is a large number of american people that already do trust me. >> okay. >> i think that, you know, when all said and done, i have dozens of scientific inventions i contributed that will continue i am going to keep doing that a number of neurological drug candidates that i develop will continue to develop, 10, 20, 30, 40, 50 years from now i hope to have be able to point to medicine cabinet of drugs that wouldn't be here without me. >> i mentioned ken frazier, there is a lot of conversation about that this morning, the fact that the ceo of merck stepped off the president's manufacturing council, after that, the president tweeted out basically, attacking ken frazier saying look you know i am glad he stepped down because now he will have more
time to lower rip-off crewing prices what did you think of the president's tweet. >> i think a great tweet i i think mr. frazier is politicizing the moment i think sufficiently induljent supposed to advise on manufacturing not here to talk about anything political or anything about race relations or anything about what happened in charlottesville he is here to be president's economic adviser taking the spotlight saying look meet how righteous i am this effects all of us president condemned it each condemns it i don't know anyone supports it i he said i am going to make a statement i am righteous one i think sort of apple thet snick what is next couple months timeline look like as you try to appeal three charges as well as nextera in your life i want to ask you about you
launching the start up first timeline term of how this takes place. >> probably something next five months judge will determine whether or not to proceed to sentencing should that occur judge will decide that closer to you know, end of five months meantime we are going there is a lot of legal work to dismiss these i think he ronnous, and some cases not even legal charges, so assuming the judge does proceed to that united states guidelines promulgated by department of justice suggests the amount for a crime is what suggests the sentence, in my case a my investors made four times money so it is very hard to interpret what a sentence should be up to her honorer of course if you read the guidelines the suggest they make zero to six months so i am gratified the large charge that ridiculous conspiracy government contrived proven false what we worried about
could have resulted in major sentence, so that is off the table i think, so i am looking forward to continuing to build my various businesses, of course, hundreds of employees around a world going to continue to be is a successful company, 20 people here in new york about fantastic group very excited for future. >> it is going to i think take on some big business software companies in stealthth mode as they like to stay in silicon valley large groups of software very overpriced not very good haven't been updated in a long time going to make lower cost alternatives for. >> you said drug prices are not going down significantly still high privatized the way it is going to be is that the answer there is no relief for people who have to pay thousands and thousands of dollars a year if not a month, for lifesaving derision. >> i think a narrative not
based on reality 90% health care costs physicians and hospitals so we pick on 10% if 10% does most, the 10% that is hardest to make 10% that creates a lot of jobs i think that, you know, we get a bad wrap, now biogenerics are coming watch targets mylan suffering because of generic prices collapsing it is hard when you make decisions in d.c., might go bankrupt at this rate the idea the world's largest generic company could go bankrupt they are not making much money i don't know exactly where these criticisms come from, it is easy to pick on drug prices not rooted in reality. >> ceos health-care industry they don't want to be anywhere near you, they feel like look, drug prices are where they are, but you should not be raising them 5,000% i don't
want to be near where martin shkreli is. >> i think s very disingenuous on some one point very close friend of mine raised price of botox, it is a two-billion-dollar drug and i raises it 9.9% like that number a magic value. and all of a sudden hundreds of millions of dollars of costs to health care system when drug that sells five million dollars all of a sudden goes up in price, that is not a medicine that is going to affect health care system so i think it is obfuscation guessing i think again when pfizer raises the prize 9% creating-billion-dollar cost, humira same thing, they say we're not doing the same thing yeah built you are denominator is a very large number increase doesn't reflect the reality. >> of course, we saw that similar story with epipen and mylan labs. >> thank you for talking to us this morning we appreciate it martin shkreli joining us
maria: welcome back as we have been reporting three ceos withdrawing from president trump's manufacturing council joining us host of "varney & company" stuart varney is toaway in good morning. >> i was watching your interview with mr. shkreli hopped on this subject he said that mr. -- frazier politicized the issue mr. shkreli cannot get away from the fact he became postever child drug companies raising prices above and beyond made drug companies wildly even more widely unpopular, now we've got ceo of merck withdrawing from manufactureers advisory council taking away seat at table on issue of drug prices a highly politicized issue, i think it is working against the drug companies at this point. president trump jumped all over mr. frazier's withdrawal from the adviser council he is
threatening on issue of drug prices, so your interview with mr. shkreli and mr. frazier's withdrawal from manufacturing council all come together to highlight the issue of drug prices what this president is going to do about it. >> there we are. >> an issue not going away. >> i don't think that ceos should be injecting their personal politics when they represent the company on advisory council. >> not doing anything for shareholders, by the way, what are you doing for shareholders when you take your set a away from the table you lost voice in policy. >> i could see you are not defending my interests i am owner a shareholder you are putting your the personal politics ahead might have interests. >> exactly. >> don't do it. >> see you 10 minutes begins top of the hour 9:00 a.m. are eastern after "mornings with maria" i think you agree with that as well don't you in terms of putting your own personal policy? >> i think as i said earlier i
think the all these committees are subject to questions to begin with. but i think that to the extent that the head of merck had opinion never should have been on there first place. >> you are a straight talker always have been am i is too subtle straight talk from a business rebel your book this summer congratulations, why did you write this book. >> i want -- people the tried to encourage me to write a book forever. i assure you it is hardest thing i have ever done. but now that i have done it, i am thrilled that i did. >> you want to do another one? >> i don't know about that. >> not sure about that. >> i don't know, there is a natural lead on like i talk slower. >> when we come back more stay with us. ♪
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liberty mutual insurance. maria: big retail names in focus the companies reporting home depot and dick's sporting goods home depot topped expectations, dick's shares following weaker-than-expected. >> charles schwab, liz ann sorndz thank you for joining us. >> we'll, you know we've got retailers as usual pulling up the rear end i think numbers quite good several reasons one heading into the quarter we died not see near percentage of companies guide down expectations not only was earnings beat rate stronger than expected but importantly the revenue beat rate was stronger than expected and revenue level was higher than expected go back to 2011 coming out of the financial crisis great recession, to see that kind of acceleration on
top-line growth i think the earnings story frankly has been underpinning for the stoblth in face of political geo political uncertainty the earnings as factor technical factor has been a driver i think that explains resiliency of the market. >> down almost 20% real movers on downside obviously retail sales came out moments ago, they were up 6/10 of a percent above expectations, retail telling its own story brick and mortar versus online, versus what the broader economy is telling us no question i think you could argue say about other sectors in the market even though broadly earnings have been a support under stocks you have seen pretty decent punishment of companies that have underperformed expectations, so there is still that dichotomy between those companies that are doing well,
and those that are hurt. >> -- i want to get your take on risk, today, and your sitting on cash, in this market, what do you think is going on? >> i think it is a period where caution is required. i think that s very big demand problem across all sectors all businesses. and i think that retail in particular has some very true -- particularly in retail real estate, a factor that we have never confronted before. >> brick and mortar doesn't have same attraction as online. >> well online is making you know brick and mortar a lot more difficult option. >> right, exactly, liz ann you heard sam say caution is required in this market would you be a buyer or semer of stocks right here liz ann? >> more cautious, too i think
this is a tricky time of year not to mention just the typical seasonal a strong tends to experience a correction in years ending in seven particularly august and november time frame on top of geopolitical uncertainty we have already talked about you have also got the debt ceiling coming up, balance sheet i think could have a choppy market near-term. >> never heard that ending in seven you taught me something i didn't know. >> to look. >> liz ann sonders right back with final thoughts. for you to. michael: awesome. potsch: i'm going to show you a next generation pickup. michael: let's do this. potsch: this new truck now has a cornerstep built right into the bumper. gary: super cool. potsch: the bed is made of high-strength steel, which is less susceptible to punctures than aluminum. jim: aluminum is great for a lot of things, but maybe not the bed of a truck. potsch: and best of all, this new truck is actually- gary: (all laughing) oh my... potsch: the current chevy silverado. gary: i'm speechless. gary: this puts my ford truck to shame. james: i'll tell you, i might be a chevy guy now.
maria my thanks to kristin haglund. varney & company begins right now. stuart: north korea backs down and stocks go up. start with the rally, please look at this. we are going up when the market opens today, big move-up, that was monday yesterday, it'll be another across the board gain 30 minutes from now. look at them. two reasons why this is happening, kim jong un has decided not the fire off his missiles towards guam. he's backed down. can't remember the north koreans retreating on anything before. this follows a clear warning from defense sec mattis, don't do it. also, the chair