tv Mornings With Maria Bartiromo FOX Business January 9, 2018 6:00am-9:00am EST
cheryl: thank you for watching "fbn:am." we'll see tomorrow morning at 5:00 a.m. eastern time, but now it is time for "mornings with maria." >> live from san francisco at the jpmorgan health care conference. he was maria bartiromo at this special edition of "mornings with maria." maria: good tuesday morning. thanks for joining us. i am maria bartiromo. tuesday, january 9th. happy to have you. 6:00 a.m. on the east coast. from president trump policies to the health of the global economy. jpmorgan chase jamie dimon set down for a wide-ranging fox business exclusive. an interview with the banking that he weighed in on my cutting the corporate tax rate is such a big deal. >> i think one of the mistakes people make is to have a huge cumulative effect.
people say the be good for america. maria: more from exclusive interview with jamie dimon this morning. market this morning. s&p and nasdaq had close to another record high yesterday. the dow down a fraction that the s&p and nasdaq continue in record territory. features right now the kick off of the program indicating the markets will open higher once again. momentum continues in the market will not quit. dow industrial 40 pints a day, 25291. s&p and nasdaq also higher in unchartered territory this morning. checking european industries right now. higher across the board. at the third of a percent from the cac in paris of one half of a percent in the dax in germany at the quarter of a percent. asia overnight the rally continues mostly higher. japan was the biggest winner of the one half of 1% in the hang
seng in the shanghai also in positive territory. fixing the flock on the promising to pat the chip issue that led to billions of vulnerable to hackers when to hackers in a row let the update coming out. the former computer engineer over his anti-diversity memo filing a class-action lawsuit against google, why he claims the company discriminates against conservative white men. plus, how apple is giving parents more control after facing investor backlash over iphone addiction on children. then the crimson tide will enter the competition yet again. >> fire to the end zone. touchdown. alabama with another comeback against georgia yesterday. the championship title in less than 10 years at all of the
highlight in atlanta coming out. joining us from new york studio this morning, fox business network taken it out will. good morning. dagen: good morning, maria. i read the transcript of this interview he did with jamie dimon and all i have to say is people better listen up, turn the volume up and pay attention because it is incredible. >> he was really bullish. that's our top story right now. the impact of tax reform and i tax reform in a fox exclusive. chairman and ceo jamie dimon tells me he is bullish about the year ahead. he expects to be paying out consistent dividends and investing in his business consistently. he shared the corporate tax rate to 21% of the way down from 40%. >> what do you feel is the impact of this when you talk about a 21% corporate rate versus all the way down from close to 40%. that's a big deal.
what is the impact? >> somehow the impact tomorrow will have a huge cumulative effect and i'm kind of surprised people say it would be good for america. if you go back 20 years ago, the world is that almost 40%. now most of the world is close to 20% and we are 40%. i look at competitive taxes. it's a bad idea and by most measures its overseas in price waterhouse estimated 5000 companies that would've been headquartered here are now headquartered overseas. it is a huge disadvantage and doing things in the short run like increasing wages than a bunch of stuff like that are one-time bonuses. we will announce it sometime later, but over time, and every teen capital will be used to grow businesses, higher wages and competition in overtime will
be very good for america. dagen: joining us to weigh in, jon hilsenrath. good to see you. thanks for weighing in here. jamie dimon talked about the corporate tax rate coming down and basically having an impact not over the near-term, but the mid-and longer-term. >> he certainly did. the other thing, i looked at the transcript in what jumped out at me is he saying we could get to 4% growth over the medium term. that is pretty striking. we talk to economists all the time you may say no, no, we make it a little more growth right now, but 2% is the track where and because of product to be in labor force. jamie dimon missing economists are wrong we could get 4% growth. maria: you know goldman sachs is out with a report talking about 4% in the atlanta fed came out. now people are speculating about
for rate hikes and the fed in 2018. >> this kind of talk and action from the likes of jamie dimon, one of the great ceos in america regardless of what you think about his politics is critically important because as john has talked about, optimism begets optimism. momentum leads to more momentum and ultimately, these decisions fall in the hands of jamie dimon and if they are optimistic and positive about the direction of policy in this country, that will lead to more spending. it will lead to more job creation. it will lead to even more powerful economic expansion and i think that's why a lot of people are underestimating how fast the economy could grow with the corporate tax reform in the months and years ahead. maria: gap, we also talked about the individual side of the tax
plan. remember he's a new yorker. i won't give it away when he said, but even there he was quite positive. by the way, they have the thing called the jpmorgan is to do plan, which is basically their database. the database about what individuals are pending, what they're making, how much money is going in, how much is going out and what they're spending their money on and when. >> ironwood dakin en masse. the real action you mentioned, and the individual site, and the real action in the tax reform is a go in on the corporate side. when jamie dimon talked about in your interview, which struck me was the international comparison. how much american business has been driven overseas by the disconnect between the 40% tax rate here and a 20%, 15% tax rate in places like europe, ireland and such. what he's talking about about is the playing field is level in
overtime, not overnight. it's not going to happen tomorrow, this quarter or even messier, but over time the leveling of the playing field means more business in the united states. maria: that is why we saw those deals happening. ireland, corporate tax rate fall by 5%. dagen: you questioning jamie dimon company boasted on why corporate tax reform is important and to all the democrats out there who acted like a false facts that you saw across social media, that this is going to hurt more people than it helps. this is what we are talking about. this is how average workers come average americans ultimately feel the benefit of corporate taxes been cut dramatically and put on a level playing field with the rest of the world. they are sharing the wealth. 100 companies giving back
already to their employees in one way shape or form. >> can i make one other point? maybe four times this year instead of three, the fed is doing it because the economy is doing well and that is not necessarily a bad thing for markets. markets don't like when the fed raises interest rate, but if they are doing it because we got a 3% growth rate and inflation running below their goal for years now is finally getting up to their target and that's not necessarily a bad thing for markets or the economy. maria: gap coming you are right. i did ask about risks around the federal reserve unwinding the balance sheet, does the fed risk snappiness economic traction as soon as it starts in addition to taxes and bitcoin. he refused to attack the president's personality as we've been hearing on other networks.
you may remember in november jamie dimon is asked how many years he expects them to be in office and he says, quote, back in november if i had to bet, i would bet three and a half but the democrats have to come up with a reasonable candidate for trump will win again. today he's backing away from that. here is what he tells me now. >> the president has criticized the law. now his skeptics are questioning his mental health. is this something you worry about? >> i don't like the politics to anyone ever. i just don't like it. makes me angry, especially kicking people down. i'm uncomfortable. what i focus on his policy. i'm not going to get into personalities. >> the first business president you were asked recently what she thought it would be. he said another three and half years providing democrats have a
real candidate. you still feel that way? >> that is not my job. my job is to have good public policy done, get the economy growing and help finance a decent stuff like that. maria: so you don't know if he's a one term president or not. >> of course not. maria: d. one around? >> no. trained to ask if he wants to run for president, obviously he said no. another thing he said which will run later on in the program is the fact that democrats have to democrats have to democrats have to come up with a centrist candidate. not an extremist who wants to raise taxes to 80%. not an extremist either all the way raising taxes in huge government. he is looking for a centrist and that is what donald trump has been. >> i think you should listen to
policy, policy, policy appeared you have democrats literally talking down the economy, somehow hoping it's going to fail. jamie dimon has to act didn't speak in the best interest of his employees, his shareholders and has customers and that is what he is doing. it doesn't benefit anybody involved with jamie dimon for jpmorgan. only to stand up for what is right in terms of policy and that's what he's doing. >> he really did. of course we know the policies will include infrastructure and he is pretty clear in terms of having a role in now. jpmorgan is among the financiers of any infrastructure programs we see. back in september he called bitcoin a fraud. we talk about those comments as well and he certainly back track
slightly after we had a conversation about his daughter. watch this. maria: let me ask you about bitcoin. >> which i regret making. you cannot crypto dollars and stuff like that. i see a lucrative one individually. as always but about the governments are going to feel about bitcoin. i had a different opinion. i'm not interested in that much of the subject at all. maria: sir john, he went on to say his daughter bought bitcoin at $11 now she thinks she's a genius. by the way, she obviously is. >> she might be better at speculating in the market and jamie dimon is. he seems to be waffling a little bit on this one. he says on one hand block chain is a really important technology. on the other hand is not that interested in it.
on the other hand a few months ago he says it was a fraud. it's hard to figure out where jamie dimon comes down on it. i happen to think it is very interesting, but in terms of replacing the dollar i don't see how they do it anytime in the future. >> absolutely. i thought you said was pretty adamant. that is one thing i love about jamie dimon. as a straight shooter has not afraid afraid to tell you his opinions. jon hilsenrath, great to see you. we will have my entire exclusive interview later on in the program. we give you a couple, but we've got a lot to come on the interview, not. many more interviews this morning at 36th annual health care conference. i will be speaking at the ceo of merck, ken frazier courtesy of myelin, have airbrushed from the ceo celgene, mark ailes in a sea of quest diagnostics.
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the most common side effect is bone and muscle ache. so why go back there? if you'd rather be home, ask your doctor about neulasta onpro. they cahow many of 'em?e, sir! we don't know. dozens. all right! let's teach these freaks some manners! good luck out there, captain! thanks! but i don't need luck, i have skills... i don't have my keys. (on intercom) all hands. we are looking for the captain's keys again. they are on a silver carabiner. oh, this is bad. as long as people misplace their keys, you can count on geico saving folks money. fifteen minutes could save you fifteen percent or more on car insurance. maria: welcome back at a powerful storm causing mandatory evacuations. good morning to you. >> good morning, maria. talkin bout california where you
are. potential mudslides and flash flooding forcing people to leave their homes in areas charred by those massive wildfires in california. several inches of rain expected from the first major storm in the golden state. well, breaking moments ago, small businesses losing optimism. the national federation of independent businesses since its optimism index fell just over 2.5 points last month. one of 4.9. the group says overall business confidence did in iraq in 2016 thanks to a pro-business policy about washington like tax reform. the second in the latest company promising to share the benefits of any tax reform law with their employees. raising the corporate match for its 401(k) plan comes a 5% of salary up from 3% of the whole salary would take effect in late february. boeing, at&t and wells fargo among the other companies
passing along benefits of the corporate tax rate to employees and as of last night, 100 companies in this country had given their employees at least $1000 bonus or more and they were telling their employees this is because of tax reform. companies are sharing the wealth. dagen: they really are. it's extraordinary how many companies have done this already. we are seeing after tax reform is surely saying that that is one on the whole list of companies trying to give back to actually acknowledge that we are saving money here and we want to pass it on. >> a lot of these are just a one-time bonuses. 300,000 people alone getting thousand dollar bonuses because of the action of comcast and at&t. this is just the beginning of what we can see because ultimately we want higher wages in this country. we want more, better jobs in this country and the tax reform
could certainly lead to this. by the way, with the 401(k) match, that is free money for individuals. it might not be a bonus in your hand or salary, but one way of compensating employees and noting after the financial crisis, companies started massively cutting these 401(k) matches to save cash but this is a way of getting that back to the people who matter the most amount of the workers. maria: some of the bonuses they wanted to give 17 rather than eight team because they are losing deductions and the ability to deduct. you see that moved up to 17. on the 401(k), you and i are the old school. the second we got a job, it's worked out. dagen: and joining a party. i was 22 when i started my
401(k). maria: we haven't spoken about this, but we speak about this all the time that it's such an important thing to do. the one to make sure we pass that onto our viewers. take a break. we've got a lot to come. live from san francisco this morning, i was helping patients in treatment and recovery and help him late in their demanding workload. we've got it right here. stay with us. how do you win at business? stay at la quinta. where we're changing with stylish make-overs. then at your next meeting, set your seat height to its maximum level. bravo, tall meeting man. start winning today. book now at lq.com
maria: welcome back to the future menace and for many patients given access to adopt there is half the battle. telemedicine helps connect patients with health care professionals to the internet. the need is only growing paid an annual survey from the business group found that 96% of employers plan to make telemedicine available to employees as possible. joining us now to 36 and the
jpmorgan health care conference in san francisco is in touch how ceo joe devito. thanks for joining us. this is an important trend because people need to be able to see a doctor when they need to see a doctor. tell us about in touch. >> in touch is the leader in high acuity telemedicine. we are able to allow for the shortage of specialists to be mitigated. a lot of regional hospitals don't have access to some of the high specialty care. some of the largest hospitals are putting their services to the regional hospitals. train to tell us about that because of a stroke you have a limited amount of time to get blood to the brain. >> the definition of a stroke is a clock has gone to the brain and is a ticking clock. the faster you can get a blood clotting drug, drug that can get
that caught. unfortunately, specialist and available for don't diagnose the patient quick enough to get into the hospital. we help get neurologist to the patient faster. we can actually get him into the ambulance in some situations to do a diagnosis of the moment they get to the hospital and emergency room there provided therapy. maria: you do the partnership at the hospital? >> yes, we do. the hospital systems are customers. the goal of intouch is to virtualize the health system to where it's necessary. cleveland clinic to a study saying on average patients traveling to the hospital trouble two and half hours round-trip for an eight minute appointment. we are focusing on ways, just like online banking. thinking has really virtualized. it has to change the fact that you deposit into a bunch of things, but it's taken a lot of the hype time, unguided transactions. what we are doing is trying to virtualize care for hospitals.
train to the doctor is lower for doctors not in the room with you. >> you hear a lot about increasing access to health care, reducing cost of health care in improving quality and telemedicine checks on those boxes. maria: you announced plans to acquire true clinics. this is a direct consumer platform developer. what is that partnership do for you? >> is a big leap for us. we partnered throughout the united states and help them for specialty care to emergency rooms but hospitals want to engage consumers to have a virtual front end. there were so many excellent solutions and tell a house that doctors can't have a bunch of different passwords and applications looking for a single platform to develop on. true clinics gives a friend and portal, allowing to virtualize general practitioners in all kinds of specialists. maria: everyone is afraid of amazon. have you see this as it is because you guys cbs getting together at night, and as i'm
getting insurance licenses, and they will start doing that cvs has done so well and having the pharmacy right there come the clinic you are talking about a customer's fingertips. >> a lot of supplies for health care will have a lower cost into health care. amazon is an unbelievable company and we welcome them to help reduce costs. it is not a mystery that health care is not very efficient. and it's expensive. what we are doing is trying to virtualize and leverage specialty care. we look at ourselves like a power grid. if you don't use a physicians time you visit forever. you don't use energy coming to visit forever. they moved the energy to places where it's needed and remove specialty care where it's needed. the same type of methods and new businesses will be made from from amazon to help the supply chain and make it easier to get supplies. maria: there is a revolution going on in health care. i just love it.
thank you for weighing in. live from san francisco, new help for parents. apple said creating new features after two major shareholders pressured the company to step up the fight against addictive iphone's. all hail the fantastic freshman. everybody talking about the quarterback who turned it all around for alabama in the college football national championship. that is up next. ♪ alerts -- wouldn't you like one from the market when it might be time to buy or sell? . . fidelity. open an account today.
>> here again maria bartiromo with the special edition of mornings with maria live from san francisco at the gp morgan health care conference. maria: welcome back, happy tuesday, i'm maria bartiromo, we are happy you are with us, it is tuesday january 9th, your top stories right now 6:30 a.m. on the east coast. looking ahead to 2020 jpmorgan chase jamie dimon sits down with me for a wide-ranging fox business exclusive while diamon he himself does not plan to run but democrats need to get their act together if they plan to challenge trump. >> the thing about the democrats is they will not have a chance, maybe a strong centrist
probusiness person, the american public is not clambering for more government. they were angry about the great recession, they blamed banks, they blamed washington but aimed at the bureaucracy. maria: more of my exclusive interview. another record-setter yesterday. the dow finished slightly lower as you see there. check tout nasdaq up a third of a percent, 71.57. take a look at this morning's action, futures indicating the market wills open higher today. the momentum continues, dow industrials up and s&p and nasdaq also higher by fraction. in europe this morning, indices higher as well. ftse up a third of a percent. the cac quarante half a percent. japan was the big winner, up two-thirds of 1% overnight.
meanwhile fixing the flaw intel promising to patch the chip issue that left billions of computers vulnerable to hackers when the company plans to roll out that update coming up. and google is being sued, former computer engineer fired over diversity memo is planning to file class action lawsuit against technology giant. more on claims coming up. protecting our children, new features that apple is set to introduce after setting backlash that iphone is addictive. the tide rolled yesterday, alabama captures title in nine years. all the stories coming up this morning, top story this half an hour, investigating the investigators house intelligence committee has launched a probe into possible corruption in the fbi and the justice department, last week committee chairman devin nunes struck a deal with deputy attorney general rod
rosenstein and that includes text messages between peter strock and lisa page. i spoke with south carolina tray gowdy whether or not hillary clinton was put above the law. >> there are a couple of things, you go to strock and page, that's incredibly important. your viewers, want fbi bias free and dispassionate. the other issue is laying bias aside, did the fbi engage in process that we can have confidence in. 2016 was an unusual year, you had one major presidential candidate under investigation and you had the campaign of another presidential campaign under investigation, it's not i
-- illegitimate to ask why did you do it so we can understand the process. that's separate and apart from the bias evidence of at least two fbi agents. maria: you're finally getting documents last week and this document that you've been asking for since august, we know, for example, when you look at the hillary clinton side of things her it manager brian initially said he never deleted anything to the fbi, he told the fbi, i didn't delete anything, then apparently has aha moment and says, i did delete e-mails of hillary clinton after we know that those emails were actually recovered and he gets immunity, so he gets immunity despite the fact that he lied to the fbi, deleted emails and didn't tell anybody that there were these e-mails that existed.
>> well, there were several immunity in the clinton investigation appear that's what oversight are doing together. we are not looking at russia, that's house intel committee but judicial and oversight are looking at things and whether they handled like any other case. maria, quite frankly, i think the doj and fbi would admit to you that they did things in this case that they had never done in other one, that doesn't meet nefarious motive. it could mean this is unusual fact pattern but not illegitimate for us to ask and i have been frankly stunned at how little curiosity my democrat colleagues and how little curiosity some elements of the mainstream media have on decisions that law enforcement agency and top prosecutors have made. you know, this time last year democrats wanted comey prosecuted, remember that? harry reid wanted him
prosecuted. they were furious with the fbi and now when we have a chance to better understand the decisions they made and didn't make, there's a total lack of curiosity on behalf of democrat colleagues which i find stunning. maria: even though we know that james comey leaked confidential information with the whole intention of getting it out to the new york times and getting a special prosecutor in place. >> and that is just one of many questions i would like to ask former director comey, when you wanted special counsel with president trump you leaked things to the media, how about when loretta lynch asked you to refer to it as matter and not investigation, how about the meeting in the tarmac, how about the real decision you took the decision of department of justice and made it yourself in unpress dernted press conference on july the fifth, you didn't leak that to the media and didn't ask for special counsel or special prosecutor back in 2016, so i get that jim comey
had to make a lot of hard decisions, he seemed to make them differently depending on who was in power and that's just one of many questions i think members of congress still have for the former director. maria: will you ask these questions of the former director, what does it look like in terms of who you will be questioning in the months ahead? >> well, we had andy mccabe for a long time the last week we were there. obviously we want to talk to special agent strock and jim baker and, of course, you want to talk to jim comey, my preference is to say the bigger witnesses for the end. we need to talk to everyone who was involved in the drafting of this exoneration memo in may of 2016. think about that for a second, maria, you are drafting exoneration memo before you have interviewed two dozen witnesses and before you interviewed the target of the investigation. maria: that's right. >> i want to talk to comey but i want to talk to him towards the end.
maria: and my thanks to congressman tray gowdy, joining me this morning former assistant director for fbi counterterrorism division terry, terry, good to see you, thanks so much for joining us. what's your take on all of this? >> this is probably the biggest crisis to face the fbi in my lifetime, bigger than watergate, bigger than waco and the reason is it goes to impartiality and ability of the ability to have trust of the public, this is a catastrophic failure and hurts to say that just as much as it hurts to watch this unfold. this is not the fbi that americans expect to see. it's just not what the fbi is. maria: we know that there are plenty of good fbi men and women, a lot, the leadership at the fbi was clearly politicized and clearly had biased and were protecting hillary clinton, it's
clear. >> all indicators are there and what really hurts about that is that the big role of the people at those positions who are in those positions with the fbi is, in fact, that their whole job is to try and protect the people who are doing the work from political interference and in this case that didn't happen. maria: as an american, it doesn't matter whether you're on the right, left, middle, up, down, you need to be able to trust the fbi, the cia, the irs, okay, and we've been let down on all of this and how do you say that you live in a free country, how do you say that you are an american with the freedom that is we all boast about. i want to ask you about the meddling probe because according to sources robert mueller will likely seek interview with president trump in the coming weeks, we don't have a date on that but the meeting could signal that this investigation is nearing its end, what would be appropriate in your view?
when will we hear from special counsel mueller that there's definitively no collusion between this president and the russians because we know that there's been zero evidence about that and yet the media keeps -- asking the question? >> well, it's going to be interesting how robert mueller handles that, he may well not make the pronouncement. he may let that kind of in in own natural made with indictments he has and guilty pleas an let it fail away and that'll be the end of it. it'll be interesting to see what he has to say but clearly from the standpoint today, there isn't any indicater that president trump was involved in any kind of collusion with the russians or russian intelligence. maria: we keep hearing bits of pieces of the hillary clinton investigation and this latest one yesterday showed that the same fbi agent strock and the girlfriend lisa page, she said, it hit and he said, it's in thee
wall street journal, should i go find it? they are admitting that they leaked it to the journal and they are going to find the article and share it with the team. all this leaking. >> i have to tell you it's absolutely outrageous, i just can't imagine this is the fbi that i left and i talked to people in the fbi, i have talk today my former colleagues who used to be in the fbi with beme and we are all scratching our head because anything nothing about any of this makes sense, the kind of decision that is were made, the strategy that was employed and let's face it, think about this, we are talking about a strategy that was made in the office of the deputy director of the fbi. these were not just mistakes, something happened here and there's too many unanswered questions and we have to get to the bottom of it. maria: right, there was a strategy because strock says to girlfriend, well, we need insurance policy, we need an
insurance policy in case trump were to win. so is that insurance policy the russia probe? >> it could very well be that or other chips to fall. we don't know. i love the fbi and would trust my life and have in the past with the people in it but these kinds of things are not supposed to happen and people who get in the middle of this and are responsible for this kind of outcome, we have to have answers for those questions. maria: could it be that they created a whole narrative that there was collusion of trump and russia and using dossier to wiretap them? >> it could well be. we need to have answers to that. maria: absolutely, terry, good to see you, thank you very much, we will be right back. >> thank you.
what plots they unfold, but only in my mind. over 50% of people with parkinson's will experience hallucinations or delusions during the course of their disease. if your loved one is experiencing these symptoms, talk to your parkinson's specialist. there are treatment options that can help. my visitors should be the ones i want to see.
of intel micro microchips. cheryl: that's right, software fix would be issued in coming days to address the vulnerabilities that have been found in some of intel's microchips, google's discovery of the bugs was made public last week that would potentially allow access to sensitive data within the chip's memory. all mac systems and ios devices were affected by the bug named meltdown inspector but no system breaches have been reported yesterday. 90% of processors and products from the past five years would be passed within a week. they are acting weekly. intel up about 22%. well, a former google software engineer filing a lawsuit against the company for discrimination. james demoore fired last year
after he wrote controversial e-mail about gender, last night he spoke with our own charles payne. >> there's continued harassment and career sabotage of anyone that expresses a conservative viewpoint and there's constant shaming and attacks against white men within silicon valley, it's really hurting google's employees, google and everyone that uses google's products. cheryl: well, shares of google parent alphabet up 35% from just a year ago. and apple says that they're going to roll out improved parental controls in a future iphone update, this is coming after two major public investors writing letter limiting time that kids are spending on phone. the investors want to see features more control over screen time and better monitoring, of course, parents
would need access to all of that. and finally this, maria, i know that you love good photography, check this out. nasa's juneau spacecraft is snapping paining chuirs of jupiter. it doesn't look real, looks like a painting. the image last month above jupiter's cloud, it looks like a van gogh painting. the current mission goes through july, but because it's been so successful they are hoping that they can extend it. maria: you're right. it does look like a van gogh, that's beautiful, cheryl. cheryl: it's amazing how nasa has far. the moon different story. maria: dagen, we we wanted to
get in the apple story as well, dagen, because apple is coming out for improvements for parents, what do you think? >> i think it's up to the parents, it's called personal responsibility and if you don't like what the kids are watching, it's your fault not apple. maria: it's like soda. now we are blaming apple. dagen: right, exactly. [laughter] maria: we will take a break, when we come back live from san fran, overtime thriller, everybody is talk about the comeback of the national championship, that's next. jake!
jared: maria, it was a dream come tool, what unbelievable ending. a 3-point gain that ends in overtime, you can't ask for much better than that in a national championship, neighboring states, georgia drew first blood against alabama, bulldogs take a big bite of 13-0 in first half, meanwhile alabama quarterback got benched at half time, true freshman from hawaii. he gets the cremson tide on the board. watch this. pretty play, he perfectly threads the needle caught by calvin, caught by freshman, 20-20. deadlock on the score board and remain that way in overtime because of 36-yard miss field goal attempt, overtime georgia takes a lead on field goal after
11-yard sack, watch this, alabama's freshman quarterback makes mistake, he redeems himself, watch what he does on next play. 41-yard game winning touchdown to smith, bang, right in the end zone. victory for alabama, roll tide, 26-23, head coach for the most national titles with 6. before the game president trump walked on the field at mercedes benz stadium, as he was greeted by cheers and some boos, the president stood near the 40-yard line flanked by members of the u.s. military as he stood for the national anthem sang parts of the song as well and president trump left the game before the second half. kind of sort of the georgia bulldogs, they did best impression of proteam and poll cons blew game and special night on display. the president updated cover photo on twitter, now this,
standing during the national anthem last night at the national title game. did you see what alabama center bradley did after the game, pulled a ring out from alabama champion newspaper, got down on a nigh and proposed to his girlfriend. look at that right on the field and, yes, she said, yes. what a happy night for alabama. maria: i love that and i love the fact that the president changed his twitter page photo, that's a beautiful photo. jared: great to see him at the game. too bad he didn't see the entire one. what a classic. maria: catch jared fox news headlines 24/7, siriusxm 115. but wondered, was this the best treatment for me? so i made a point to talk to my doctor.
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>> live from san francisco at the jpmorgan health care conference. here is maria bartiromo with the special edition of mornings with maria. maria: good tuesday morning, everybody, i'm maria bartiromo, we are happy you are with us this morning live in san francisco, it is tuesday january 9th, your top stories right now, 7:00 a.m. on the east coast, from president trump's policies to the health of the global economy, jpmorgan chase chairman and ceo jamie dimon is bullish and sat down with me for a exclusive. in the exclusive interview with banking leader, he touched on politics refuse to go attack the
president's personality. >> i don't like the politics of people insulting each other at all from anyone ever,i just don't like it. kicking people down and all that, i'm uncomfortable. but who i focus on is policy, policy, policy, i'm not going to get into personalities. maria: yeah, we talked a lot about policy, more from my exclusive interview this morning. the rally rolls on closing again at record highs yesterday, the dow finished a fraction lower but the s&p and the nasdaq strong. the futures this morning indicating the momentum continues. take a look at futures this morning indicating a higher opening for broader averages, dow industrials set to be up 45 points, nasdaq and s&p 500 also continue in unchartered territory n europe similar story, major indices there are higher today. european indices look like this, ftse up a third of a percent, cac quarant up two-thirds of a
percent and dax up fractionally. in asia overnight, japan was big winner up two-thirds of 1%, the hang seng and shanghai also higher. killing the death tax, president trump scores big cheers from farmers yesterday for his policy to keep farms in the family, how the commander in chief is reaching out to rural america coming up. paying the price for wage hikes, red robin is ditching buss boys, details on the drastic move after force today raise the minimum wage. plus the world's richest man gets even richer, amazon founder jeff bezos now worth more than bill gates ever was, the staggering fortune as technology shares go up another half percent. highly anticipated luxury sedan, the cool new ride is giving model s a run for its money.
joining us from new york studio fox business network's dagen mcdowell, dagen, good morning to you. dagen: good morning, maria, let's get back to the jamie dimon interview. there really isn't anything that you didn't cover with him. maria: we talked about the economy, the fed, we kicked it off with the health care conference, dagen, you know this is the most well-attended conference of all conferences an set it is tone for investing in the sector and al sets the tone for deal-making, key insights on where the industry is headed. the conference has exploded in size over its 36 years. now 10,000 people are here, i sat down exclusively with jpmorgan chase, chairman and ceo jamie dimon and weighed in on anything and telling me he's bullish on the year ahead and consistent dividends and investing in business. i started off about the conference and asked him what drive it is popularity of this health care conference.
>> amazing conference, 10,000 people here now. almost 2,000 individual meetings, i think for the american public the beauty of it, it was ten companies and now it's almost 500 and the market cap was 10 billion, the total is 5.6 trillion, it's the beauty of free enterprise, more ideas, that to me is an uplifting thing. maria: yeah, you are seeing companies talking about new innovations as well as do deals and as you know, live this conference and congratulations to you and the bank, jpmorgan, largest bank, one and a third trillion in adopt dpo sit, millions in credit cards, how would you characterize what you're seeing from business lines, broad economy? >> from business lines and other data, the united states is growing at 2% a clear, clearly accelerating and you see how in
household incomes and you see in wages and in jobs, you see in capital investment and, of course, it's helping the fact that the rest to have world is growing too. there's small negatives but the american economy looks like it's strengthening. maria: why? what's behind it? >> we were growing slow for a long time, animal spirits are back, markets are higher, so things are -- they just happen slower and later. i think you see more people coming back to the workforce, you are going to start to see wage increases like we want. a year from now my guess people will be talk about inflation but we want wages to go up for average american and so confidence is up, the rest of the world is surprising people too. maria: there was a lot of anticipation of tax legislation as well, that's signed into law. what do you feel is the impact of this? when you talk about 21% corporate rate versus all the way down from close to 40%, that's a big deal. >> that's a big deal.
maria: what's the impact? >> one of the mistakes that people make is impact tomorrow will have effect and i'm surprised that people say uncompetitive tax rate will be good for america. we were at 40%, now most of the world is 20% and we were 40%. i look at competitive taxes for business, it's a bad idea and by most measures it's driven capital, i don't ever seas, pricewater house, 5,000 company that is would have been headquartered here are overseas. it was a huge disadvantage. you will see companies doing things in short run like increasing wages and a bunch of stuff like that and bonuses and we may do something and announce sometime later but over time that retain capital will be use today grow businesses r&d, higher people, wages, competition and over time they'll be very good for
america. maria: you talked about some of the savings being competed away because you will lower costs as a result of that. how much would be competed away and what are you planning jordanians companies paying a thousand dollar checks, is that something you would consider? >> we will consider a whole bunch of different things but help accelerate growth in america like small businesses, like branches, like affordable housing, things like that which have double effect, so we are thinking through a bunch of ideas on how we could spend money but the fact is that competitive tax system is good for america and it will -- some of it will be competed away in very competitive environment so one-time benefit and not one-time it'll go up and be compete addway. people should remember, when we say that, that means better price to go consumers, more innovation, more r&d or higher wages, that's what beats it away. that's exactly what americans want. maria: what about the rollback in regulations, this is a really big deal for your company and the entire industry and
corporate america in general, you see all the changes, new people in different agencies, regulations coming down, what kind of impact has that had and what does that mean for your cost basis going forward? >> i again, i talk about it differently, there's no question -- i'm not talking banks, the regulations was friction cost in society and got worse and worse and worse pped -- in other industries, media, mining, telecom we have seen a benefit. but the american public should think of it as a vast bureaucracy which is like sand in the engine and to reduce some of that, not roll back good regulations, not go back to good-old times, we need to protect consumers, but, bureaucracy is bureaucracy and the american public knows when they go to dmv, veterans know when they go to va and that's what's been happening more in the united states and they give you one example, particularly trying to find bad, 12 years on
average to approve bridge in america. a bridge that connects new jersey, 12 years and already existing bridge that was falling down and so we've lost some capability and if we can accelerate some of the things we will have infrastructure in place much faster. there's an article in the paper today, small company that did was up state new york, 5,000 ruilings and regulations, they don't want to kill with bad apple, one day take a deep breath and create more efficient and properly regulate and not allow every agency, every state and every city to put rules on top of rules. maria: not to mention, much of the expenses at corporates has been going to hiring lawyers and compliance experts and all of this, that has to be good for the bottom line. >> yeah, that's why you had slow
growth, all the money being used for something that does not create productivity. as a country do a better job balancing those two. maria: are you more poised to use extra savings from the tax plan and rollback in regulations to increase dividend, to buy back stock and to create new jobs, invest in the business, what are you more poised to do? >> our dividend will go up as it has and be steady and secure, the primary thing that jpmorgan chase is to use capital to grow, that is why we are here. that's investing communities, countries, going to new countries around the world, opening new branches, we have opened 20 commercial blanking in the last 5 or 10 years, regulators have wanted banks to hold their capital, a lot of the capital retained for regulatory purposes, it have not used for growth purposes and for some legitimate reasons, banks were use to go grow. in the short-run, you can't turn
it on and off, some will do buy back, under the right circumstances over time capital will be use today grow businesses. maria: does this eventually translated to job, do you think? >> absolutely. maria: how, connect the dots? >> if we go to new cities and new states, we will be adding 10 to 12 people a branch and if we are successful a company with innovation, on the internet, mobile bank or something like that, we have to add people in digital. we have added thousands of people in digital, ai to serve our clients, at least ultimately jobs, the number one thing for jobs is a healthy vibrant economy and so, you know, competitive tax system, proper smart regulation but cutting some bureaucracy, infrastructure, we have to have to fix that, inner city school education, half of the kids don't graduate. that's not good for productivity, that's not good for opportunity, that's not good for wages and how american feels
about itself and we have to fix some of these problems. maria: i see some of the technology that you have put in the branches, you have been spending a lot on technology over the years, also cyber, a couple of years ago i remember you say to go me, at some point jp will spend a billion dollars on cyber. >> we are at 700 today or something like that. we are well protected but cyber ask a big deal. we will do whatever we have to do. you to protect yourself and protect your clients, et cetera, we need to work more with the government to get cyber done but technologies, again, i look at table, a couple knee projects they may not work but you can do more, buying things, we will have self-directed investing soon, so we great teams of doing it and, of course, the mesh public wants it. maria: some people say there's going to be more robots an people working at banks, working
in corporate america in general, i know that you have been using ai, how do you use ai and how do you calm people down to say, okay, my job is going to be replaced by a robot? >> technology is the greatest thing that happened to mankind, but technology has been -- almost 20 million, back-breaking hard work, it's not 20 million people went other things in society. technology is a great thing, it's why my daughter's kids will live 100, 120, the air is better and everything is safer, education is better, we can do more things online. it's a wonderful thing. there are some negatives. that's always been true. when car came along, the horse and buggy died. business and government in collaboration to help people who are displaced, we should do that. training, relocation, income assistance but for god sake don't stop technology, some to have jobs are back-breaking jobs
and you always have to have human element, people involved in analysis, you have to have people who need advisers that technology can't do. maria: you have always been involved and supporting education in a big way to make sure that the skill sets are where they need to be, what kind of 2018 are you looking for? >> for companies or -- maria: company? >> i can't talk about that but the economy is doing quite well, and so obviously that affects us dramatically and i'm proud that we have things coming out and growing and expand for our clients. maria: i know that you can't talk about specifics in terms of what you're expecting, broadly speaking, we hit dow 25,000, you've always had a great head for markets, does that feel like it's unjustified or should be here? >> first of all as business person, build product people and i don't worry that much about stock prices, whether change to
jdp, no different than restaurant, if you have a snowy week, it's bad snowy week, the way to look at the markets sometimes is if we have a couple years of good growth and looks like that may be true, i'm not predicting that, that could justify what you see in the market, lower spreads, lower volatility. if you have depression tomorrow, great recession, the stock market is too high, but the fact is the stock market is a reflection of all of the people's expectations. maria: more of my interview with jamie dimon at 8:00 a.m. eastern. stay with us. we will be right back. e! make a u-turn... u-turn? recalculating... man, we are never gonna breed. just give it a second. you will arrive in 92 days.
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maria: welcome back, north korea agrees to send a delegation to the winter olympics in the south next month, cheryl casone with the details there, cheryl. they-- cheryl: that's right, maria, historic meeting, first meeting in two years, north korea say that is the delegation would include athletes, cheerleaders and journalists, south korea voicing desire to discuss pyongyang's nuclear program but the north did not show clear response to that request. again, all of that happening in today's meeting. well, back here at home trouble for twitter, the company allowing a phoney website to buy promoted tweet that is took users to an apparent fishing website. you click on ad and asked for personal information like
twitter password, credit card information and your phone number, the twitter is not comment on that particular tweet, they are citing privacy and security reasons, company shares are rallied more than 40% over the past year. well, target continuing to try new things, rolling out a new exclusive women's brand called universal thread, so it's mostly denim, prices range $5 to $40, target says jeans are making paw comeback as women look to diversify wardrobe beyond just wearing leggings and yoga pants all of the time. it's also part of the plan to unveil 12 new only at target brands, shares of target down 7% in the last year. finally this, maria, getting a laugh while avoiding journalist questions, he walks out in thailand and leaves questions to counterpart, the prime minister of thailand, put a card board and picture of himself, if you want to ask any questions on
politics or conflicts, you can ask this guy, end quote, maria. [laughter] maria: that's incredible. that's funny, cheryl. cheryl: one way to avoid the press. maria: yeah, not that funny but it is in a weird way, cheryl, thank you. [laughter] cheryl: you bet. maria: coming up the demise of the death tax, we break down president trump's regulatory changes and tax plan straight ahead music to the ears yesterday to the people in that audience, then the electric car race, later this hour right here.
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maria: welcome back, battling america's opioid crisis, 91 americans die every day from opioid overdoes according to cdc, annual economic burden of drug misuse costs the u.s. economy 7 and a half billion dollars but new drug is aim to go deliver less addictive pain reliever without the buzz, the company planning to file for fda approval of the drug by april. we want to talk about as well as this company's work on cancer, joining us right now ceo, howard. >> thank you so much for having me. maria: you are doing so much not
just with opioids but cancer treatment as well. let's talk about what's going on with opioid. obviously your company has done incredibly well, the stock is doing incredibly well partly for both of those stories. >> correct. maria: what are you doing on opioids first? >> if you look at the current opioid drugs, many of them go back to civil war, morphine goes to civil war and oxycodone to world war i. we invented a new medicine, the opioid molecule, it gets into the brain slowly and because of that it doesn't induce the chemical that make people high, patients can take the drug and get excellent pain relief and not get high and therefore not get addicted to it. maria: yeah, because the addiction is incredible. what happens with the use of opioid, people take them and just keep wanting more? >> there's a great desire to take more. they take the opioids, they get high, the high goes away rather quickly and then they want to take more and that reinforcing
behavior is what drive it is process. maria: you filed with the fda, how would you characterize, are you seeing a quicker approval process with the new team in place? >> we have fast-track status for this medicine so that's a good thing to start with but overall the fda's -- over all the fda has been working with us closely and we have a great relationship with them and we are hopeful that we can bring the drug to market fairly soon. maria: yeah, we were talking about the opioid crisis buttia -- but i also want to talk about the cancer and talk to us where we are on fight against cancer. >> we are working in the field of cancer immuno therapy, if you can harness the body to fight own cancer, that's the way of the future in cancer care. maria: makes the drugs work better? >> what it does is it allowed --
stimulate it is body's system and allow it is body to grow its own cancer-killing cells in the tumor and has profound effect. i will give you an example, think about this, we have a patient, a woman who had advanced lung cancer, very bad condition, tumors throughout entire body, after a few months of therapy with adivo and nektar's medicine the patient has no tumors, can you imagine going to your family saying, listen, my tumors are gone, it's a wonderful thing. maria: i'm not speaking out of turn because i know dagen mcdowell has talked about this, how can you get your hands on this drug right now? >> well, look, we have a number of clinical trials, more programs that put in place i think hopefully patient who is need the drug can get -- enter into clinical trials.
maria: real quick, your market value is at $9 billion, 400% stock price rally. >> good result. maria: do you need to get scaled or partner up or do a deal with somebody to get even stronger and better at getting the drugs out in. >> well, i think there's lots of potential, it's a good question because there's lots of potential for this medicine, there's a lot of different cancers, it's worked well in kidney cancer, it's worked well in skin cancer, it's worked well as we just said in lung cancer and i would expect it to work in a number of other cancers, so, yes, it does help to have a lot of power behind it and scale up and build an organization that'll do that but we have excellent collaboration and together we are developing this drug and i'm very hopeful about the results. maria: howard, we are hopeful as well and we are rooting on that score. coming up new year, new agenda, quest diagnostic ceo is with us
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rusckowski. ♪ announcer: here again is maria bartiromo with a special edition of "mornings with maria". live from san francisco at the jpmorgan healthcare conference. maria: welcome back. good tuesday morning, everybody thanks so much for joining us this o morning live in san fran i am maria bartiromo. tuesday, january 9 your top stories right now 7:30 a.m. on the east coast. breaking down the crypto creates a in a wide-ranging exclusive jpmorgan chase jamie dimon spoke with me where expecting to pay occupy consistent dividends, and investing in his business, what this plan immediacy for jpm the banking leader gave opinion on bitcoin bonanza including how it impacted his
family. >> block chain is real crypto dollars -- everyone individually bitcoin was -- bitcoin -- i just have a different opinion i am not that much -- i have a daughter -- bitcoin. >> i mean young people are into bitcoin. >> nothing she is -- >> she bought it at 11 dollars seems like a genius more from thes exclusive interview coming up killing death tax president trump chores big cheers from farmers to keep farming in the family. >> market on fire s&p 500, nasdaq record highs yesterday take a look at yesterday, and futures today, the dow industrials yesterday legislator today expected to be up about 40 points, futures
indicating another rally at the start of trading. in europe, similar story money into equities this morning, european indices higher across the board. nt 100 up a third of a percent cac quarante up a half of a percent dax index higher by a fraction. in asia overnight, markets closed mixed, japan was the biggest winner, up about two-thirds of 1%, as you can see the others, higher with the exception of korea. >> tough to swallow red robin to ditch buck boys as facing expenses because of rising minimum wage we break down the move. >> after prime year richest man richer jeff bezos becomes wealthier than bill gates ever was amazon stock continues up. charging forward debuting hotly anticipated electric luxury sedan what it completeness for the brand battle with tesla all those this morning, first this top story this half an hour, killing the death tax
president trump delivered a rousing speech to farm bureau from a is in nashville kevin cork live at chaos with the latest. >> good morning. reporter: good morning to you, to use a golf expression a gimme pick it will up get back in calf cart moment for the president as he went to what he likes to call god's country tennessee nashville music city to address a crowd of 5,000 at farm bureau convention first sitting president to do so in a quarter century came as no surprise he toutdz the recently approved tax bill, in particular, the elimination of the death tax. >> and from now on most family farms small business owners will -- be spared it is the word punishment of the deeply unfair estate tax known as death tax so you can keep your farms in the family. [cheers and applause] >> get up.
[cheers and applause] that was a tough one to get. that was a tough one. >> you can tell really in element, now following the speech he signed executive order increasing access to farmers ranchers alternates don't live in big cities an extraing broad band infrastructure going to try to do more in days to come, we will be watching carefully, but for now back to you. >> all right kevin thank you. we will come back to up as news develops thank you tax reform front and center? my exclusive interview with jpmorgan chase ceo jamie dimon what he said about economic impact of the gop overhaul. >> i think we are one of the mistakes people make we are seeing tomorrow a huge effect kind of surprised people say
in competitive tax as many would be good for america. >> you are going to see companies diagnose things short run increasing wages, and bunch of stuff like that one time bonuses we may do something announce sometime later, but overtime that retained capital will be to grow businesses, r and d hire people wages competition overtime very good for america. maria: joining me right now here in san francisco ceo of qwest diagnostics steve rusckowski. >> thanks for joining us the lab testing that you have been doing really how you are appealing to consumer, because this is a big story for qwest and entire industry, first what are you expecting from the tax law that -- was just signed. >> we are encouraged by it first of all, we are predominantly u.s. company high tax rate 35% go to 1. >> huge do a he will. >> huge for us we are going to take a portion potentially to
earnings per share looking at as we speak is taking a portion of that, savings, and investing in strategy to accelerate growth. >> does that ultimately translate into jobs? yes, we are going to be investing sooner than we would have expected, we are going to be investing in programs, that invest in consumer strategy big part of strategy investments in qwest diagnostics, investments to get more efficient in laboratory testing space will translate into jobs and investment. >> this is this is a really big deal, and i feel like when you hear so many camry from a mainstream media don't understand how powerful he corporate rates coming down will be for broad economy and job creation. >> yes, it is exciting for employees, as a matter of fact yesterday was one of our sites in california we spoke about this he they are excited about us accelerating the investments we want to make. >> could would you consider a bonus checks some giving 1,000
checks to employees anything like that. >> warring what we should do with wages how we can tie wage increase to expediting programs making investments in we are excited about possibilities. >> talk about growth at qwest, what are you looking for in terms of where the growth comes from, let's say in next three to five years, you have been targeting the consumer really. >> yeah. >> one of our strategies is to focus on the consumer, to be most consumer oriented person or player in our space multiple aspects one this great access so we formed a relationship with walmart joint venture we hope to put our patient service centers many stores great access, and that is where laboratory testing, with phlobomatish. >> when we see one clinic that you can go and get basing things done, get -- blood pressure checked. >> chuck meds make sure you are on mesdz, take your weight
retaining fluids all things need to happen in less expensive setting more convenient could happen with us, in the lace like walmart. >> is this amazon ferc amaz-- amazon effect, going for insurance etna cvs together whole industry schaeng. >> all about consumer health care big market now consumer paying much more for health care costs so much more interested in the choices they have. and in that regard there is wide variation, and in our space laboratory pricing, and so when people start to know that, they will start making choices around their brand that they trust, and also less expensive. >> going to be a lower cost for the consumer what about on qwest diagnostics. >> it is about the same cost serve, we currently pay rents many retailer settings different than wal-mart setting so it is a trade-off in that regard employees but in a space a lot of consumers already go. >> so you are going to be in
various walmarts have you decided sort of where across the country. >> starting in tees in florida, beering states have strong presence as well excited about that. >> trump administration, legislative priorities, this year, certainly is tackle obamacare, what changes are you expecting, was it the right move to remove the individual mandate in that plan. >> we said in the past we didn't see big impact on our business over the last several years with affordable care act if there was a change we a big disruption -- downturn look at business the same store, sales for business, what we have seen is utilization amount of health care that people are using is about the same. >> the volume, at qwest diagnostics has been spoken about in analysts reports that i have here, how do you keep that volume up this year what what with 2018 are you expecting. >> expecting to continue with out wlook, 3 to 5% growth we have been tracking gains that 2017 examine to accelerate
into '18. >> thanks, steve rusckowski joining us ceo qwest diagnostics coming up the award goes to -- watchers, weight till you see impact there jeff bezos billions amazon ceo jaw-dropping net worth by oom horizon's incredible performance back in a moment. ♪ ♪ it never rains in southern california, ♪ it's time for sleep number's 'lowest prices of the season' on the only bed that adjusts on both sides to your ideal comfort, your sleep number setting. does your bed do that? right now our queen c4 mattress is only $1199, save $400. ends soon. visit sleepnumber.com for a store near you. these are the specialists we're proud to call our own. experts from all over the world, working closely
whopping 16 inches of snow the picture white snow covering the red dunes, very rare third time in four decades snow in this area residents say started early sunday morning stayed until 5 pm local time before it will melted. >> the headlines this morning, hoping to gift tesla a run for money to unveil first all-electric car today at ce from las vegas. >> features golden style doors go like a bird battery takes you 400 miles one charge price tag this is going to jolt you 129,000 dollars starting price tag, as for tesla that stock more than half a percent down in premarket. llths stay with vehicles, toyota is getting into the electricity game as well in talks to develop autoimmunes shutt -- autonomous shuttle.
>> partnering with a number of companies to accomplish this, partners amazon, uber, mazda pizza hut toyota planning to test it in united states in early 2020s, be at olympic and paralympic games in tokyo 2020, toyota motors up 12% past year -- i mentioned amazon jee bezos keeping getting richer shares risen more than 6% this year only january 9 this bushes net worth to 105 billion dollars he passed microsoft bill gates back in october, you may remember, gates would have to stay on top now given away so much wealth to charitable foundation maria to baseize may increase more today up premarket more than half a percent as talking with ceo of qwest, amazon trying to get
into health care business pharmacy business, they ares in everything right now. >> it is really nrnl actually when you look at amazon sort of like, the big bad brother coming every industry everybody is afraid dagen we saw in supermarkets announced acquisition of whole foods the next day it is now -- they want the insurance license. dagen: bezos, by the way, has work to do on whole foods, the one down on 7th in chelsea is horrible. people work there have terrible attitudes place is nasty i will leave it at that by the way, jeff bezos wealth i love the photos that have been on the internet before and after photos about 20 years ago when he first found amazon versus now he is ripped his body incredible. >> you are right. dagen: biceps that are enviable, so that is what that is what 105 billion dollars
does best trainers in the world and like accountability coaches you can say don't eat that people follow him around, maybe? >> put it down put that down. >> exactly. >> looks great. >> you are right pictures, totally ripped, that is very funny. >> if running a company worth of that size, and growing, you have to you know look like you are large and in charge he does. >> he sure does, meanwhile, we got to talk about the minimum wage ladies coming up unexpected consequences of the the minimum wage increases daelgz on red robin strategy to offset costs not a good ending to that story back in a minute. ♪ ♪ whoooo.
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>> okay new minimum wage laws comhooings at several restaurants including red robin restaurants fpls independence on floor of the new york stock exchange, details there, on the market, poised to open high snooer there we go more records right, you no surprise, red robin gourmet burger will raise that minimum wage for workers strapped and not unusual to see those labor costs on the rise. as a business, they are saying they have to compensate with rising costsfying out how to deal with it want to save 8 million dollars, and how are they going to do it going to be firing, buck boys 570
restaurants around the country eliminate bus boys to maintaining costs to keep up with the minimum wage the stock flat this morning up 15%, in 52 weeks, weight watchers oprah effect the golden globes on sen you may have seen oprah received a lifetime achievement reward gave really received speech part of waest waeeight watchers talk of running for president stock gained 12% yesterday higher again today. >> yeah, funny that after the speech now she is a presidential candidate apparently, thank you nicole, dagen weigh in how is it had possible that the speech about sexual harassment immediately gets you set up to run for president? dagen: well one because this is something being pushed by
people on the left, issue who really don't have a good candidate and there are a lot of people in the party dead set on running another woman. first and foremost elizabeth warren further left than hillary clinton about as likable, to be blunt. but, also, oprah is a great speaker, and such a great orator that i think that was the takeaway it was a rousing sound-like a campaign speech. in some way, it was up lifting for a lot of people who listened to it so i think -- people are -- and maybe she does have -- have her eye on the white house, however i would think with the amount of money she has and in control of her own designee o i don't know why they would bring that on to herself it is a lot again never underestimate the -- the desires of one of the most famous people in the
country one of the biggest egos ty speak for everybody whoever held highest office. >> i guess was asked this a year ago, or so said no, i would never run for public office. but you know, a new day is on the horizon, you know, the way she said you know a new day is coming i don't know maybe she changed her mind. >> quickly, ied add, celebrities don't help politicians get elected she is only celebrity did help get president obama elected in 2008 that is for doggone sure. >> good point we will break can when we come back more interview with jai.p morgan chase ceo jamie dimon, by the way, said not running for president weighs in on america economy federal reserve bitcoin next hour on "mornings with maria" right here. ♪ ♪ i was wondering if an electric toothbrush really cleans better
than a manual. and my hygienist says it does but they're not all the same. who knew? i had no idea. so she said, look for one that's shaped like a dental tool with a round brush head. go pro with oral-b. oral-b's rounded brush head surrounds each tooth to gently remove more plaque. and unlike sonicare, oral-b is the only electric toothbrush brand accepted by the american dental association for its effectiveness and safety. my mouth feels so clean. i'll only use an oral-b. oral-b. brush like a pro. announcer: live from the san francisco the jpmorgan chase healthcare conference maria bartiromo with a specialation of "mornings with maria." >> good tuesday morning. welcome back i am maria bartiromo. thanks so much for joining us. it is tuesday, january 9 top
stori 8:00. >> jpmorgan chase chairman ceo jamie dimon sits down for a fox business exclusive, in my interview with leader of banking he weighed in on why cutting the corporate tax rate is such is a big deal. >> i think we are in one of the mistakes people make somehow -- tomorrow is going to have a huge effect i am kind of provide people say uncompetitive tax system would be good for america. >> more from my interview with jamie dimon, the rally rolls on s&p 500, nasdaq closed at record highs yesterday to look, dow a fraction lower s&p 500, with 4 1/2 point move nasdaq 21 point move unchartered territory. the rally in buying continues this morning check out futures today indicating a higher opening for the broader averages this right here this is high of the morning dow industrials up 52 points quarter of a percent higher nasdaq up 10 points right now in europe similar story money in equities ft 100 up a third
of a percent cac quarante up a half of a percent dax highs of the morning up within third foors in asia overnight, markets closed mostly higher japan was the big win, up two-thirds of one percent, new danger in the wake of wildfires, thousands of people forced to evacuate again in california. over the threat of mudslides. the preparations in place for rainstorm here. >> how apple is giving parents more control after facing backlash over iphone addiction among children, plus the crimson tide rolled over competition alabama staging epic comeback gains gave fifth title in less than 5 year highlights from the thriller in atlanta. >> all that coming up this morning first this top story, my exclusive interview with jpmorgan chairman ceo jamie die monday from bitcoin to recent attacks on president
trump's personality first 4% economic growth fought for the -- for the u.s. possible. >> 4% is possible, number two, the fed also had to react to -- not going to act not knowing what is going on if you have a strong economy, they wiraise rates more will dwarf when high rates look at both sides, then selling bonds, american economy is worth 100 trillion dollars, 10 billion a month that number will go to 53 a month very strong economy, i am not sure that is really consequential there might be a point in time fed isn't facing a favorable outcome inflation 2019 inflation too high they got -- sell more. >> faster than people think tough to be the fed, we have a strong economy giving a lot of leeway to do various things. >> sounds like you are about comfortable with monetary policy slowly going away
fiscal spoil center stage that is disconnect, growth okay certain areas economy firing all cylinders, trading, loan growth not where one would expect. >> loan growth ladder one to figure out part when launch korps ha corporations a choice get it from overseas do various things but you are absolutely right in middle market where you would expect to see more today you haven't, may be delayed, may just be -- looking at short run, so small business volume okay real estate okay. so you know mortgages fine, obviously affected by rates going up so far looks like economy is healthy, somehow may end up -- >> how do you get more lending in housing for those lower fico score people. >> great question i have been begging our government for years that we because of
servicing costs, 3,000 we are sending a bill -- certain states 3,000 requirements to service that mortgage hugely costly risky in addition comforts more to produce loans, so much litigation around it that a lot of lenders much more reticent to make loans precisely to lower income prior did she faulties could be fixed quickly so many in how big policy of they got to get in the room finish that, if they do that,, the cost of mortgage going down for americans not only -- go down for everybody segment had we done the right thing not going back to subprime just opening up the -- these requirements a little bit, we might have been doing half a trillion dollars more a year, a year. and that lone is .2% growth a
year one of the first things that the administration can do, to help immediately, make mortgages more accessible and cheaper for everybody, there is no risk to it. okay, everything since great recession pristine. >> this president is criticized a lot skeptics questioning mental health is this something you worried about? >> i don't like the politics that people insulting each other at all from anyone, ever. i just don't like it makes me kind of angry kicking people down all that i am uncomfortable i focus on policy, policy, policy, policy, policy, i am not getting into personalities. >> that is what i focus on too let's talk about it you are chairman of the business roundtable what is business want to see in terms of policy from this administration. >> for the first tinying competitive tax reform, now that was there, you didn't see any brtco i didn't see them talking about individual my personal they said we need for
america, got that i think next thing on the administration agenda, infrastructure it is complex, there is -- highways faa highway taxes state and local but it could be done, permitting i mentioned before, niner city school education i think we can all fix, when a we call smart regulation, and while would he do this should do things to help the people in left behind i think should expand earned income tax credit better job education. >> as you say criticism on both sides that is getting in the way. the infrastructure plan, i think these two sides can work together and get something done? >> i don't know. >> are you -- >> but they should, if they are americans and patriotic infrastructure, democrats republicans both want. >> are you expecting to finance some of the infrastructure programs. >> yeah i think more you said permitting that -- if you say
hi wisconsin tax credit will get highway tax bill more building into highways if we get more infrastructure obviously, premier institutions do in other financing you have to change policies procedures to get that done. >> that is jobs. >> it is jobs, like that. >> let me ask you about infrastructure. >> by the way, so is -- if you if we had done mortgages talking about hundreds of thousands rebuilt if you do infrastructure, got number people estimate a million to two million jobs, wellpaying jobs. >> what would a denationalization of fannie and freddie do in terms of mortgage business that would be a positive for the banks if we saw change would you examine a change coming out of here? >> that i think hard to do i think you see -- employer not fannie freddie or national or public it is what policies are, and consistent and real if you want an amortizeing three year morning you to me something -- otherwise disappear if you have it we
have one two or -- public, but it is important that it be protected from preliminary interference, because when fannie and freddie starting as politics create forcibforgettab cart of the catastrophe. >> you lost ability to deck state and local taxes was that right move. >> a hard question. the answer is yes i look at questions what should it have been never have been there. it should never have been there the american public if you notice 80% cash benefit goes to 500,000 dollars a year. 80%. something he like -- goes to five states, of course, in new york my state i love, we send more money than -- very successful economy meant to be part of the system, how they
phase it out, remember increasing deduction having 10,000 dollars, i haven't seen analysis yet people get to keep it if 30% making 2 or 3 or 4,000 don't get to keep it created a burden for new york but new york city, new york state can figure it out maybe change one point, but -- the right thing to do, that question first before you yell and scream what is do aed for me if you are a patriot so we have all in the system people protect special interests, about i think a huge mistake. >> going to be more expensive for you and for me for others in new york but the right thing to do. >> remember the top tax rate save some couple percent from that pay couple percent more from that it is what it is. >> first business president i remember you were asked recently what you thought his ten with your be you said another 3 1/2 years providing democrats have a real candidate. >> i wish. >> right. >> i wish i hadn't said he
probably. >> this is a mot my job my job get policies done academy running i know more about than you do reading all the time. >> you don't know if one-term president or not. >> of course, no the. >> do you want to reason i for president. >> no the thing about democrats they will not have a chance in my opinion don't have a strong centrist pro business pro free enterprise person, the american public is not clamoring for more government they were -- great recession kind of blamed banks blamed washington also angry about bureaucracy about va dmz, trillions of dollars opponent didn't work vary poet peeves, and so both sides are right, we have done a lot of things in america didn't work haven't said okay. let's get rid of this didn't work try something different, so hopefully that will be done. >> you are right you are right there is no centrist candidate
what about oprah. >> i didn't see the speech i heard did a great job. >> i haven't thought -- >> bitcoin another famous existent that you made that a fraud now we see. >> i regret making, the blockchain is real you can healthcare crypto dollars in yen stuff like that i see everyone individually the bitcoin was always what the governments are going to feel about bitcoin, and i just have a different opinion i am not interested that much in subject at all i leave that to everybody else to figure out what they want to do. >> i think funny i saw is a study 30% millennials say rather invest in bitcoin than bonds and stock i don't know i understand where you sit on it quick on. >> i have a daughter bought bitcoin. >> this is a thing young people are into bitcoin. >> not thinks she is genius it consequent way up. >> quick on, ma, here with this tax plan savings
corporate america would you expect deal flow to continue kick off '18. >> see she m&a charter most companies wanted to grow and an acquire build on the that is monatural estate i think you will have that competitive tax rate probably enhance that. >> any thoughts on the faction rates are so low 10 year accent quandary. >> they have been lower longer than people think short run, 10 year going to be on up slouer than thought i think point in time, faster than people think i don't know if that inflection point wouldn't surprise me six to nine months strong american economy that is okay. >> absented you said, mentioned the rest of the world growing are there areas that are particularly of interest to you, looking at
japan, europe, emerging markets. >> china accomplishing -- a huge economy second largest economy in the world is europe, none of would you say have expected europe with all issues to be growing at 3% it is. i did long term structural issues new french president you know dynamic wants to fix problems pro business pro enterprise wants to help country mep revises you are not helping by damaging the economy don't go hand in hand brazil is completely turned, japan you know has been almost zero growth 15, 20 years, now close to two, so those are surprises we should be grateful for those. >> all right, jamie dimon chairman ceo jpmorgan chase, ways your take. dagen: i love the call for 4% growth. maria. >> me too. dagen: we also a talk about
the analysis that comes out of say joint committee an taxation, and other groups in washington, when these tax bills were put together. and they lowballed economic growth quite frankly, and they overestimate how much it could potentially add to deficit, in part because they don't understand why businesspeople and ceos act the way they do how might react to this tax reform law. again, it is how much the ceos step up to invest, and raise wages, and you are hearing it from one of the gravest ceos in the country. >> true he mentioned m&a is picking up, probably going to see more m&a because of the tax plan more money means more deals looking to grow. integrate stuff. we'll be right back. stay with us. h make-overs. then at your next meeting, set your seat height to its maximum level. bravo, tall meeting man. start winning today.
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investors published a letter calling on company to take steps to limit the amount of time kids spend on phones, investors want to see features like more control over screen time they are on, using and better monitoring by parents, apple shares, little changed in premarket. >> well, the alabama crimson tide national champions this morning, and battle with georgia certainly led to hype fighting back from being dumped seven to 20 alabama a chance to win overtime, a field goal as you can see missed it get another chance with freshman quarterback tua tagovailoa took over second half launched 41 yards to smith wide o pen game-winning touchdown alabama winning 2018 national shamship -- championship. >> president truattended fans
giving him a friendly reception watch. >> [cheers and applause] >> all right. so he had military members by side the president stood near 40-yard line hand on heart for the national anthem there were some boos could have been for fans stuck outside in rain and cold before game because of extra security, the president trump brought with him to said game. maria: i love that shot of him with all the military men and women and today is national law enforcement appreciation day, so big kudos to law out there i tweeted it out to say big thank you to all of the men and women who protect us, and the rule of law, cheryl thank you, coming up the impact of tax reform on talking with leaders from
health-care industry this morning about the benefits of the gop tax code overhaul that is coming up, putting controversy in rare view mirror i talk to mylan ceo about how the company is moving past that outrage a year ago, 20 16 epipen the growth next 37 stay with us. ♪ ♪ ♪ ♪ ♪ i can do more to lower my a1c. and i can do it with what's already within me. because my body can still make its own insulin. and once-weekly trulicity activates my body to release it. trulicity is not insulin. it comes in a once-weekly, truly easy-to-use pen. it works 24/7, and you don't have to see or handle a needle.
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today for his confirmation hearing, one issue for lawmakers rising prices for prescription drugs, my next guest on front line of the issue, joining me right now no fox business exclusive ceo of mylan labs heather bresch great to see you. >> good morning. >> thank you so much for joining us this morning so last time we spoke you were in the middle of all this controversy over the epipen, the that was a billion-dollar drug you were basically publicly shamed in terms of of taking the price down is there another billion-dollar drug on horizon you can tell us about i know a lot of in pipeline. >> a lot many drugs in the pipeline not about any one drug as you know we are primarily generic would have one of the arduousness large-- largest proposals, looking forward to generic not so much epipen the dollar amount it is is it system i think we are i
found myself starting a very important conversation he about how the system works, all the players that participate in the system, how it is broken for patient at krour counter. >> is system broken are you seeing all these companies out there that you have to go the to give a they want to take whatever profit you are making on the drug. >> the system is still working the way it you don't something not built over 30 years taken down overnight importantly what everybody is trying to figure out i i think dean discussion evolved last 12 to 18 months at moment look uninsured reach deductible high prices versus the benefit of insurance as they do on medical side of the house if they get a treatment or explanation of benefits of anything receiving, per se in a hospital. >> people don't have money we had an interview yesterday,
from jpmorgan instoout said as soon as people get tax refund checks that is when they go to the doctor putting off going to doctor dealing with sickness, because they don't have money. >> right, look, we are it is a terrible inflection point not sustainable, we've got to fix that consumer receives benefit of the premiums paying in insurance, and they are getting the benefit of every discount every rebate, being offered, because the supply campaign chain possessive paying rebates into system every pharmaceutical company, negotiating not transferred to the patient patient getting no benefit of insurance, and no benefit of any kind of rebate or goerth geting making place aggressive mean. >> the commissioner dr. gottlieb is he moving quicker in terms of approval getting more he drugs out there.
>> he really had a focus on complex generics has very much lived up to what his goals were when he came into fda he talks about wanting to focus on those first market generics very important for the consumer and patient and system, and so we've seen definitely not only a rise in generic approvals but we have seen a nice uptick in the focus on complex, i said mylan received, approval one of the first for 40 milligram expecting generic out there first generic approval in that very important market. >> we have been talking about the tax plan, and what that means for the bottom line of corporations, you acquired meta one year ago you did a big deal are you interested in some savings to do another big deal this year. >> no look we are very much focused on we have been very steadfast on paying down our debt our balance sheet is never stronger we've got over he two billion free-cash flow
finished-billion-dollar share repurchase program very focused on delivering shareholder value focused on locking at products that complement our portfolio not looking at large transactions right now. >> are you interests in going after -- >> no, you are done with that. >> look it was a moment in time we thought it would have been a very trans mai transformational, we think now that with the transaction we not only are able to grow otc outside the united states very he substantially but a footprint to build one in united states. >> you are seeing more for example, cheaper generic epipens pop up what is answer to getting prices lower this is your business in generic how do you get prices lower regardless of -- >> that is why we did what we did with epipen no brand company has done put a generic in t market for half the price
wasn't taking care of k problem much larger affecting every product pick up paper every day here in january deductibles back at zero patients at dollar zero game reaching 2000 or 5,000 deductible it is about making sure the system is allowing patients and consumers to very much be part of the process we are making them have huge out of xkt expensive without benefit of b to b behind scenes. >> does amazon change i think amazon trying to figure out how to he think which a it i think it is very difficult we need disruption in the system and disruption comes when disrupt theing how patients life is insured. >> great to he is a you looks like you are having a great year i can see optimism a lot of pipeline. >> very excited about mylan in '18. >> ceo at mylan a break when we come back from interest bureaued room to the white
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here again is maria bartiromo special edition of "mornings with maria" life from san francisco at the jpmorgan chase health care conference. >> good tuesday morning. welcome back. thanks so much for joining us. i'm maria bartiromo. live in san fran this morning tuesday, january 9 top stories right now 8:30 -- 8:32 only east coast to 2020 jpmorgan chase jamie dimon sat down for folks business exclusive told me he hoimz does not plan to run for presidency, he said democrats need to get their act together if they expect a challenge to president trump. >> the democrats they will not have a chance in my opinion don't have a strong centrist pro business pro enterprise person the american public is not clamoring for more government the great recession kind of blamed banks washington but also aimed at
bureaucracy. >> more from interview with jamie dimon coming up markets, rally mode again subpoena -- s&p 500, nasdaq closed record highs yesterday to look, this morning, we are looking at the market moving forward, powering forward more into equities expected that dow industrials open up 60 points, nasdaq up 14 points this right here, this is the high of the morning, withio dow up a quarter of a percent in europe motive moving into effects european indices higher across the board this morning in asia overnight, markets closed mostly higher japan was the biggest winner up two-thirds of a percent on nikkei average. >> corporate america president trump's agenda earlier i had a chance to sit down with jpmorgan chase chairman ceo jamie dimon in wide changing fox business scompluf he weighed in from global growth and bitcoin to politics and the president. >> this president is criticized a lot now, issue
his skeptics are questioning his mental health is this something that you worried about in. >> i don't like the politics the people insulting each other at all from anyone. ever, i just don't like it makes me kind of angry particularly when you have kicking people down all that i am uncomfortable i focus on policy, policy, policy, policy, policy, i am not getting personalities. >> joining me right now chairman ceo of merck ken frazier won a focus on policy good to see you. >> always a pleasure to be hern. >> thank you so much for joining us we were talking about the president agenda, you actually resigned from president trump's manufacturing council last year in wake of the protests that turned violent in charlottesville virginia when you spoken with the president when does in our relationship. >> we want to work on congressional and administration side to do what is best for patients going forward what is important, is
we are at a really important juncture in science, great new products coming to market, the administration through scott gottlieb fda commissioner doing things to get products to people who need them quicker. >> so he is moving products faster. >> absolutely including proportionally generic products that is what creates the price competition that drives down health care costs. >> great point, ken that is what i want to ask you about, in terms of growth, in terms of pricing two of the biggest issues, in your industry right now what are you expecting this year. >> i think first of all, people have to look at facts, last year, pricing for a branded excuse me branded products increased 3.5% slowest growth in many, many years the challenge is while the rebates that are intensively negotiated between pharmaceutical companies and people in supply chain insurance are increasing, by the way, nearly doubled between 2013 and 2015. the problem is the cost to the
patient at the counter is increasing. at a much faster rate. >> why? >> so we have well we have situation right now, where the rebates that are being negotiated are not being passed through which is different with respect to to for example in net wok hospitalization negotiated savings passed on we have o incongruous situation not getting the benefit of negotiated discount prices not increasing, the cost the co-pay the coinsurance for patients are increasing. >> this is really important point that you are making thank you for explaining it so well for our viewers let me ask you about two incredible franchises you have the diabetes franchise with genuvia cancer oncology where are we in fight against cancer number one tell us what your trying to affect there. >> hopefully time fight against karening society put
out data showing death rate from cancer declined by 25% since 1991. a large part of that is the effective treatments that we have, the kinds of presighings treatment get to right patient lung cancer colorectal cancer breast cancer prostate cancer this is foundational in treatment of cancer only product approved first line that is for newly diagnosed lung cancer patients, the outcomes that we have as monotherapy in combination with chemo have been incredible. >> you've got an incredible performance with this drug, people want to know if you need to make that business bigger you've got a tax plan here, putting more money in your pockets in terms of corporate, are you going to use that money to do a deal this year. >> let me say that i think the most important thing about the tax plan is it puts american companies including american pharmaceutical companies on an even-playing field with our outside u.s. competition.
>> you have been talking about this for years. >> that is really important, with respect to to the money can be repatriated at reasonable rates, i don't think it is going to change our strategy on m&a on business development, we have always been a company that is look f looking for good science, that would with allow to us innovate here i don't think that that is really going to change our strategy because you know before in united states we had access to enough capital to do kinds of deals looking for. >> that is fair point the last time we spoke in environment biotechs were soaring i remember you and i joking how expensive biotechs had become, now, they have come down a bit, is it now a better time to acquire a biotech make that oncology business bigger so that we are going to look at it on case-by-case basis we announced acquisition of small biotech has promising medicine oncology we will continue to look for those opportunities,
but we want a financially disciplined way what does that mean. >> valuation have to be consistent with vague long term value for shareholders, if you i don't ever pay for asset prett hyard to mak money on. >> it how canou not overpay prices up significantly rht now. >> i think its a case-by-se basis, with tt particar deal we found a good opportunity we also had a great deal last year with astrazeneca for a drug proved for ovarian cancer under review for breast cancer metastatic breast cancer responsible for both we paid 1.5 medicine you will front three quarters tied to approval those are deals we think create value for shareholders. >> what a are you doing about going off patent is there a replacement can take place of this diabetes drubbing. >> -- diabetes drug. >> -- we got approval for a
drugging in combination with this as we look forward looking to depending on outcome studies how field develops we believe that drug in combination with genuvia will will he important diabetes is a very important cost driver so for the system we are looking forward to that combination helping us. and beyond that, will continue to grow, our are business continues to grow we are really excited about having a vaccine for pneumonia lots in the pipeline. >> what are you looking for in terms of 2018 what year would you expect. >> we haven't given formal guidance let me me say this is we faced headwinds with patent expirations i believe merck will grow in 201 despite those things. >> in terms of growth in the world, that is also something to pay attention to your all over the world these are important markets outside united states as well, so where is the highlight outside of the u.s. >> i have to say our business outside united states grew
tremendously last year. and i think markets like china, are really important markets going forward for them. >> let me ask you about the amazon effect amazon reportedly exploring getting into prescription drug business, already obviously secured you pharmacy licenses more than a dozen states is amazon new company to worry about within health care. >> well, we are in the business of inventing new drugs, composition of matter, that is the distribution side of the business. >> so helpful to you -- >> it could be helpful depending on how it patrols out i think the critical issue here is the one we talked about before, how do we get more efficiency in distribution system how do we pass those efficiencies to patients so they enjoy the savings and find medicines more affordable. >> i got to tell you in talking about the international business, and all the money overseas, i was quite surprised by repatriation rate of 15 1/2%, when all said and done we talked about 10%, below 10%, then comes out 15 1/2% do you
think that is enough to get companies to move money back to u.s.? >> i think it is, i think first of all, the way law is written you are going to all ex-u.s. assets deemed repatriated reasonable we can take unreadmitted earns outside united states bring back putted to use in america creating jobs, new opportunities for innovation. >> what is most important for investors to consider about merck knowing that they are worried about patented expiration looking at growth wondering where growth comings next couple years. >> i would say four strong pillars of growth oncology, beyond oncology, we also have a vaccines business that is growing tremendously, we have a lot of important things going are on in specialty, in neuroscience, as well as importantly things like ant biotic research a fast-growing
business billion dollars last quarter exciting things going on at merck. >> animal health people pay 77 for in it in terms of of neuroscience last we spoke you said if you live to 65, there is a what fwhoons one in nine chance having alzheimer's disease if you get to be 58 one in three chance a disease that is going to be crippling to this country soon if we don't have a disease modifying agent we will be spending almost a trillion dollars on alzheimer's disease alone. >> you are making headway. >> we have late stage study we are very helpful for our base inhibitor hoping we can veev intervene early enough. >> we will be right back. when e in the middle of the night. hold on dad... liberty did what? yeah, liberty mutual 24-hour roadside assistance helped him to fix his flat so he could get home safely. my dad says our insurance doesn't have that.
public is not clamoring for more government. maria: well that was jamie dimon ceo jpmorgan chase quite a morning from j.p. morgan healthcare conference in san francisco insights from chairman and ceo jamie dimon as welcome as other ceos we have spoken about huge effect of corporate tax reduction on american companies how they pass the savings on, joining us now host of "varney & company" stuart varney toaway in good morning, stu. >> well done maria, jamie dimon is a democrat. and spelling it out, how good these republican tax cuts for business really are. let me emreiterate this i was watching, he says look, this extra money is going to be used to grow businesses, research and development, hire people hire wages, and competition. over time will be very good for america. now what are democrats going to run on in couple years time rescind tax breaks put taxes back up jamie dimon is just calling them all out at this
point one more thing, i've got here this is 15 pages a list that on every single page alphabetical order there are literally hundreds of companies giving back these tax breaks, to their workers. in form of higher wages, or bonuses, 15 pages, you can't tell me that these tax breaks are not good for america, and that the businesses are not passing it through to their workers, because that is exactly what they are doing. and i don't think america knows this yet this is nowhere in the "new york times" the "the wall street journal" -- not "the wall street journal" -- "the washington post," it is not there. you never see this. >> you are right. >> there it is. >> you are right because they want to talk about how many de diet coxe president drinks what he said in a book or people around them said in first three seconds of administration incredible. >> they have got never been to suggest the man is insane, or
unfit fort presidency you got to shake your head that is what it is nonsense. >> bring in dagen here stu because you know if this is insane i want more of it! 4% economic growth 201 i isis on run iran people feeling empowered give me a break i tell. dagen: i he tell friends of mine who are left winning about liberals i you don't want at a talk about what president is tweeting about a name calls somebody that is not relevant to me and you we share one thing. and that is we share in wanting a prosperous economy and country. and you heard that from jamie dimon that is he is looking out for his shareholders his employees, and his customers, and ultimately that is all that matters. >> well said. maria: look at list stuart has you've got a list whether 1,000 dollar check giving or bonuses whatever they are passing it on. >> here it is 15 pages, 15
pages of it, one company after another, by the way, visa, darden restaurants joined the club this morning they are giving bonuses or other benefits to employees passing along good stuff. >> you know who is going to join that j.p. morgan looking at a number of things see you he 10 minutes i know you have more on show "varney & company" begins 9:00 a.m. eastern right after "mornings with maria". we'll be right back. that is awesome. strong. you got the basic, and you got the beefy. i just think it looks mean. incredible. no way. start your year off strong a new chevy truck. get a total value of over $9,600 on this silverado all star when you finance with gm financial. find new roads at your local chevy dealer. it's time for sleep number's 'lowest prices of the season' on the only bed that adjusts on both sides to your ideal comfort, your sleep number setting.
you. >> happy new year. >> happy new year to you good to see you again why did you do this deal tell us what it had does for the overall business at celgene. >> we look for highly innovative medicines, for greatest medical needs in setting of impact biomedicine a drug they have is an important drug for patients with a cancer. it is in this setting of patients who have no other options, so very important medicine that has demonstrated good results, in in refactory patients and up front going to expand market for patients basically have one therapeutic choice that is it so it also bolts on to hematology franchise the core of celgene. >> that is what i want to talk about the main franchise let me stay on oncology i have been asking from a number of guests where are we in fight against cancer what can you tell us in terms of where we are what changes in examining who do we need to see
innovation cycle is remarkable maria you know this, about -- key therapies approved for pediatric adult blood cancer you are understanding of immunologc harnesss power of human immune system if you have cancer your system can be getted being a vaitd to recognize your kans we will live 10, 15 years from now personalized treatment treatment with therapies your immune system will attack unpress deptdz area now let's cure them that is where we are. >> i love what you are saying, love what you are saying, celgene to generator 14.8 million dollars i renevue 12% increase where doesha tt come
from. >> ccer business first we are a very powerful company in contest of my myeloma. >> our solid tumor business a drug for pancreatic cancer dpp a trial to drive our business linesed pds from chinese partner going to launch that we mentioned a drug called for ms off camera, we saw end of last year important oral medicine for relapse, late in the year. >> largely organic a partnership network with dozens of partners, and we are looking to advance key therapies.
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glrchts thanks to the best team in business right here, in sphrik right to stuart varney we go. thank you maria i'll take it thanks very much indeed. crimson tide won, the president took field for anthem and crowd roared it was an american celebration. all right good morning everyone. awe, what a game it was. it went to overtime, alabama beat the georgia bulldogs with a dramatic touchdown pass by their stand-in quarterback what a game it was a win for college football where there are no anthem style protest a win for patriot american who is saw flag respected, and the president was cheered as he put his hand on his heart. on the field -- trp'