tv Mornings With Maria Bartiromo FOX Business December 4, 2018 6:00am-9:00am EST
december 4th, the trade rally is fading this morning, futures indicating a decline at the start of trading after strong rally yesterday in stocks, of course, the major indices ending up in triple digits closing off sessions high with the dow industrials up almost 300 points, 288 points, investors showing optimism over 90-day trade truce between the united states and china, nasdaq up better than 119 points, meanwhile one concern is bond market, yield on 10-year treasury closing below 3% for the first time since september. we will take a look at that, 8:00 a.m. eastern this morning, interview with treasury secretary steven mnuchin as he walks us through the agreement over the next 90 days with china, steven mnuchin. the dax index down about 2 thirds of a percent.
67 points lower in germany n asia overnight, mixed performances to show you, nikkei average getting hit hard, down and the other majors fractionally moving as you can see. honoring president george h.w. bush, dignitaries and vice president mike pence paying tribute to 41st president yesterday celebrating service to the united states. were i'm told when he was prepare to go become vice president, he joked about the job saying, quote, there was nothing substitute to do it all but as history records during those years he set the standard. maria: thousands of people braving the cold waiting in line to pay respects, right now live picture from inside the capitol rotunda, we will take you back there live in capitol hill this morning. over in france, french president
emmanuel macron backtracking this morning following weeks of destructive riots, the government to suspend fuel tax increase, what that means for macron's political future coming up. the world's most powerful women, forbes with annual list, mary bara in number 4, we will tell you who tops the list this year, all the stories coming up tuesday morning and joining many toe break it all down fox business dagen mcdowell, pebbles corpse, john pebbles and lindsey bell. welcome. >> thank you for having me. dagen: we will talk interest rates with this guy right here, lindsey, the yield curve, the difference between the 2-year, 10-year, the tightest gaps since 2007, there's a lot of fear out there this morning, i think, stock investors are waking up to the fact that there was a rush of money into longer-term
treasuries signaling that some investors out there do not see rosie days ahead for the u.s. economy and it's really like overnight, i have a lot of notes by e-mail, a lot of people unnerved by what happened in the treasury market yesterday. maria: because suggests recession on the horizon, libbedy? >> positive that president trump and xi came to cease fire, there's too much at stake for both countries but it's not going to happen for another 90 days taxer puts global growth on hold for 90 days. maria: john pebbles, are you seeing any effect in real estate? >> interest rates are -- business are sensitive to interest rates, i think that and oversupply, outlook for next year, overall very positive.
i think the overall outlook for the economy from an entrepreneur's perspective is good. you know, when your full employment wages should start moving up a little more, we are optimistic. dagen: i'm going to tease this in article in the journal that everybody would be paying attention to today about the federal reserve, about what exactly we said last week, maybe the market misread what jay powell said. maria: we will talk about that, important piece, joining the secretary this morning steven mnuchin to talk us through some of the expectations between u.s. and china. managing partner mark penn is here, strategic analyst retired four-star general jack keane and super bowl brian belichick. top story this hour, stocks
surging on top of trade news between the united states and china. bond investors with anxiety in the market closing below 3% for the first time since september, this morning we are seeing pullback, we are expecting the market to open lower with futures pointing to decline at start of trading down 95 points in dow industrials, third of percent. nasdaq down 30 points, one half of 1%. joining us chief investment strategists nancy tangles. what's your take on markets, are you worried what the rates are or what the gap tells you or are you looking at in terms of pretty good growth to continue? >> lindsey and i were talking about this, it's difficult, there's all sorts of variables that are playing in. growth globally is a problem but growth in the u.s. is very positive, so we are still
finding opportunities for long-term investing. in the short-term there's a lot of noise. maria: are you not putting much credence that things will slow down? >> multiples have contracted, we are back at january, preelection levels on s&p 500. yet earnings growth in 20% range, even if we decelerate to 5% next year, you can still get reasonable returns in stock market. it's going to matter if you're active investor because it matters what you own. maria: did you decelerate 5? >> 5 to 8. maria: 5 to 8%? >> in earnings. maria: lindsey, go ahead. >> where do you focus then. you said domestic economy is growing much faster than the
rest of the world. do you maintain u.s. bias, you look for merging markets have come down significantly. >> we are focused domestically speaking, we are overweight relative to the rest of the world. it's difficult for somebody to navigate sitting in the u.s., we hires others to do that for us, we are taking a look at increasing allocation, all of that said, growth will be -- europe is struggling, we think china is going to continue to struggle. they've had to cut 20 base points and raise it because of reserves, reserves are bleeding out of the country, the yuan has weakened, we are much more interested in playing locally for the next foreseeable 12, 18 months period. dagen: you want me to bring up wall street journal -- >> yeah, please. dagen: analysis done by nick
tameros who write write for the journal. powell did not say that policymakers' economic outlook would change which would justify down shift in path. he observed last week that benchmark rate 2, 2 and a quarter was below range of neutral rate projections submitted by 15 fed officials which was 2 and a half to 3 and a half, some commentators abbreviated statement to make it sound like he believed rates were below neutral. he has not said where he thinks neutral lies or what should happen to rates once they get there. so i think that this is a clear explanation to people who maybe were a little too optimistic, a little too overjoyed that you might want to pull it back a little bit. maria: when you look at expectations of the economy slowing down, how will the fed keep up consistent rate hikes in
the face of significantly slower growth. you listen to ray last week, there's absolutely no way the fed will be able to continue to raising rates. dagen: right. the article gets into that about there's new flexibility that they are looking at but they are trying to get to that just below neutral comment from jay powell and kind of explained, wait a minute. if they raise in december and they take it to 2 and a quarter to 2 and a half, that doesn't necessarily mean that we are more rate hike away from neutral or two, you just don't know. people were reading into what jay powell said last week, we had the conversations on the show last week. >> inflation came to 8%, it's getting weaker. continue thanks to oil. >> exactly. when inflation is coming out, it's not a threat anymore.
you saw 3 and 5 yield curve invert and also the 10-year below 3% now. >> the market is making a statement, i think, and sometimes we have the bond vigilante effect and i think that's what's going on. the oil is two at swords as well. hurts cap x spending. i'm concerned about that, the slowdown in oil unless we get -- unless this rally sustains but i think that's pushed the fed into a corner as well. maria: what does the market want to see out of china news? lighthizer as chief negotiator going forward, but what do you want to see in terms of the next 90 days as market participant in order to feel, okay, this market can be sustainable based out of china?
>> great question, maria, i think the tariffs, we have to stop progressing and we would love to see them reversed. managements we are not talking about that in the quarterly earning calls, 18 companies out of 260 reported that said it was negatively impacting costs, but i think it hasn't trickled through yet. that's the biggest concern the margins, if we have full employment then we've got margins, you know, really being pressed by on that side and we need to see the relief in tariffs. maria: what do you think? >> we are seeing it right away. in our industry it was efficient, construction and development you're buying materials constantly, their materials that we would import from china that have run up 25% or so since the tariff discussion, so that -- if this gets resolved you will see big push in terms of real estate because prices have pulled back and even in spite of that the
outlook for the economy is very good, so much capital out there chasing development deals around the country, so i think that the market, the financial markets in terms of domestic economy when you look at real estate they are very optimistic and real estate is one of the bellwethers for our economy here and something has to be done with the tariffs and once accomplished you will see a big push. maria: what does that tell you in terms of rates? >> i think that -- what we haven't talked about is the president's influence on rates, this is activist and active president who has expressed frustration on interest rate movement more so than any other president that i can think of and maybe that's having an impact. i saw an article yesterday that talked about his influence on the fed. dagen: i would say comments from an elected official might have short-term impact but if you don't have direct control over interest rates it's the markets
that do ultimately and they'll move against you and one thing that the wall street journal notes in this article about bob lighthizer being the negotiator between the u.s. and china is that they suspect that the people in the administration were being too rosy about what they -- what came out over the weekend in part to push up the stock market because they view it as a really kind of most important poll for the president, so people are questioning how -- what really came out of the weekend and whether china really wanted steve mnuchin there negotiating and not bob lighthizer. maria: real quick, nancy, well management business. >> yes, ron is going advise us, state of the art client experience and focus really on educating and investing for women as well. maria: that's terrific,
congratulations, thanks very much for joining us and sharing the news with us, nancy tangler joining us there. violence in paris to report, the french government ready to do an about face over fuel increases, powerful women, facebook sheryl sandberg making this year's list, we have the list and number one coming up. over 100 years ago, we were talking about the model t. now here we are talking about winning the most jd power iqs and appeal awards. talking about driver-assist technology talking about cars that talk and listen. talking about the highest customer loyalty in the country.
herbert walker bush remain, former governor jeb bush, vice president mike pence delivered remarks honoring his memory. >> he once wrote a letter to his children saying that in his words describes my own life as it's been over the years and it is right now. ceiling and visibility unlimited. know that may well dedescribe essence of this man and it may well have been his vision. >> president trump and first lady melania came to pay respect, courageous, unyielding through highs and lows of 20th century, four people were delivered eulogies in president
bush's honor tomorrow at his funeral including president george w. bush and canadian prime minister, former senator alan simpson presidential historian and thousands more will continue to see him, he will remain here until tomorrow morning, maria. maria: all right, hillary, thank you very much, hillary vaughn live this morning in washington, can there ever be a president that was more experienced than president bush 41? i mean, he was -- prior to winning presidency he served as u.s. congressman, ambassador to the nation and chairman of the republican committee and chief of liaison to china, director to cia and, of course, two terms as vice president with ronald reagan. amazing, what a career. >> amazing. the question also is whether we will also have a person like that again as president, with great deal character and leadership and commitment to the nation, i mean, he was an
outstanding human being. maria: you have a personal story, talk about it. >> yes, my grand uncle was an usher in the white house for a number of years, he passed away and funeral in washington, d.c. shortly into the service in walked the president of the united states and the first lady barbara bush and sat there during the service, spoke, greeted the family, comforted the family. maria: elegant. >> that says a great deal about character of the man. dagen: respect, dignity, integrity and service to the nation. >> yeah. dagen: from the time he was 18 until the day he died. maria: all right, thank you, we will take short break and when we come back more chaos at the border to report, heart-stopping video of children being dropped over the wall as migrants breach the border, we have the latest, looking beyond gm, president trump sends sights on ending tax credits for electric cars more on that, stay with us.
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maria: markets lower right now, third percent lower, nasdaq also in the red, down 32 points, 1 half of 1%, meanwhile there's this, violent protests forcing ma xron to make u-turn or not fuel tax, cheryl casone with details. cheryl: reports say that macron's government will announce suspension of the tax. the tax was necessary to combat climate change and protect
environment but protestors say policies favoring the rich, also french ambulance drivers to block assembly building, there it is, protestors are calling for macron's resignation. more than general motors layoffs, 14,000. ford hasn't announced details but gm mary will be heading to capitol hill tomorrow, meet with two ohio senators, obviously when she announced that gm was going to close 5 plants senators wanted to talk about it, including the first one in ohio, next year eliminating up to 15,000 jobs, senator rob portman and bonn are expected to say ohio plant as many gm employees are slamming the company's decision.
listen. >> they are taking money from the american people and giving small portion to other countries to build products to bring back to the u.s. and if they just let the american people build these products the american people will be a lot more excited about buying them. cheryl: shares both trading lower the remarket, folks, the white house is seek to go end subsidies for electric cars and some other things, renewable energy resources, larry kudlow expects the subsidies will end in 2020 or 2021. gm plans to close plants in north america slashing the 15,000 jobs as you mentioned moment ago, but democrats who will take control of the house in january unlikely to agree to end, maria, the subsidies. and again, big tax break for folks when they buy the electric vehicle. maria: it sure is. john pebbles, do you think it's the right move, send subsidies?
>> absolutely, i don't think the government should tell us what automobiles to drive and the advancement of our society for many, many decades to put them on an uneven mying -- playing field. the free market should determine and free market decision and not members of congress telling us what we should or shouldn't do. >> just as the american people are choosing to drive suv's and bigger vehicles which is why gm closing factories in ohio that make smaller vehicles that aren't being sold, so i think that's a business decision too that needs to be waived. maria: electric vehicles have been on the scene for a long time and they are not gaining traction. >> free market system, until they are priced competitively and offer the same types of convenes and appeal to typical car buyer, then, you know, then
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swelling of the arms and legs and confusion. we spoke up and it made all the difference. ask your parkinson's specialist about nuplazid. maria: welcome back, good tuesday morning, everybody, thank you so much for joining us, i'm maria bartiromo it is tuesday december 4th, your top stories right now 6:31 a.m. on the east coast, turn to go red futures indicating lower open forking broader markets this morning, dow industrials down 115 points right now, one half of 1%, nasdaq is down half
percent, 35 points lower after easing trade concerns launched major indices higher president trump and china's president xi jinping called for trade truce, the market soared even though closing best of the day yesterday closed up almost 30 points, better than 1%, national economic counsel rarly kudlow talked about the president's trade plans tat white house yesterday. >> remember, president trump as a trade reformer has emphasized for many, many months as soon as i stepped foot in the building, he wants a world of zero tariffs, zero nontariff areas and zero subsidies and he continues to talk about that. maria: despite the rally in stocks investors concerned about the 10-year treasury yield that closed below 3% for the first time since december, does that suggest economic slowdown on the
horizon? at 8:00 a.m. eastern keep it right here for interview with steven mnuchin as we get into all of the topics coming up with treasury. ftse down 3 quarters of a percent, cac quarante two-thirds of a percent, in germany three quarters of a percent as well. worst performer was japan, nikkei average better than 2%, technology slowdown, amazon briefly edging out apple and microsoft yesterday to become the world's most valuable company, take a look at those stocks this morning down as you could see in premarket, apple down 1 and two-thirds percent right now. then serving the heros how apple is choose to go honor american veterans and military personnel coming up, they have power, forbes out with list of most powerful women today, gm's mary made the list, we will tell you who took the top spot number one, first story half an hour, the caravan crisis, dozens of migrants from central america
breached the southern border and illegally entered the united states yesterday, this happening as customs and border patrol released video seeing children watched over border fence into the u.s., just being dropped over the world, joining me right now retired four-star general jack keane, general, good to see you this morning, before we get to all of that, this weekend you won the distinguished ronald reagan peace through strength award, congratulations to you and thank you for all of your wonderful service to our country. >> appreciate that, thank you. maria: this weekend we are waiting for any news coming out of -- out of the china and u.s. debate, we got it and, of course, we talked about what's taking place in terms of this 90-day period, let me get your thoughts on china from military perspective as well as economic perspective as their power continues to rise, what are you expect to go take place in the next 90 days? >> first of all, keep china in strategic framework that they
truly are, they want to dominate and control the indo pacific region and influence has grown at expense of the united states and that of our allies and number two, president xi has publicly stated very boldly that he wants to replace the united states on a world stage as global leader of the world and they are talking about sometime beyond 2030, 2040, so that's strategic framework and they use economic warfare that we are seeing here with tariffs, intellectual property theft, intellectual property transfer and militarism in south china sea to achieve goals, the united states is doing the right thing, maria, by pushing back, we have to push back economically, on tariffs as the president is doing at g20, we have to push back geo politically. whether this delay gets us real progress remains to be seen. i flat don't trust the communist chinese. the chinese people something else but the communist he niece,
they -- chinese, they are about delaying interest, they would love to wait president trump out and take on another president who may not be as aggressive. we have to do what i think the trump team is doing, stand tough, let's see what's really going to come forward. if they delivered, we have made progress. maria: let me ask you about the migrant chaos going on, dozens of migrants from central america breached southern border, children being thrown over the wall, general, i mean, it's getting worse and now we have the government shutdown potential on the horizon and i know congress is going to do continue resolution and push it forward because of president bush's passing but what's your take on what's happening at the border and how to fix it? >> well, first of all, i think this is a slight breach and what
the trump administration and homeland security secretary and secretary of defense i think are able to do is stop a caravan by the thousands coming into the united states which would therefore encourage considerably more caravans to come. what really has happened despite a couple of dozen have made penetration the thousands of people in the caravan are being held up. maria: yeah. >> not getting across. some are plying for work visas in méxico and some are turning around and others are trying to find a way that they can penetrate, by in large, the caravan is out at standstill and about 40 to 50 are being processed through the tijuana gate on daily basis but that's -- that's nothing in comparison to the people that are waiting. maria: let's talk about the impact, though, this weekend on sunday morning futures i spoke with committee chairman bob
goodlatte about the u.s. is handling the border crisis today, watch this. >> we need an agreement with méxico and we need our laws change sod that people who are not supposed to be in the united states can be returned home expeditiously. maria: are you expecting better agreement with the new president of the méxico and president trump? >> this is not in méxico's interest to have the situation down there as is right now and it's never in the interest of the company to be the transit for people coming across it, many of whom are known to be convicted criminals, some are suspected terrorists, this is not a situation that's any better for méxico than it is for the united states. maria: so, general, such an impact here, the cost of illegal immigration is one side of it and we know the stats, the president tweeted yesterday about this, we would save billions of dollars the president wrote if the democrats would give us votes to build the wall. either way, people will not be allowed into our country
illegally the president wrote, we will close the entire southern border if necessary and also stop the drugs, these statistics from the 2014 census show how much illegal immigrants are benefiting from the american taxpayers, 63% of them are noncitizens, they are on welfare in the united states. that's over 4.6 million households. your reaction because, you know, the cost of this is not really spoken about very often? >> no, that's staggering, i had not seen statistic like that. i certainly knew it was high but never anything like that and obviously it argues so powerfully for legal immigration, i think what's happening here, though, is that the mexican government and obviously there's been major transition, certainly sensitive to what is happening in border towns, the local government in those towns, the mayor, et cetera, they can't accept this burden and that's the reality that it is, they don't have the money to support all of these
people and certainly affecting the quality of life experience for their everyday citizens that are there that have thousands of people plop down right in the middle of the city. so i think the cooperation with méxico is one of the major pluses that's coming out of this by the fact that the president administration decides to stops them once and for all and force this cooperation. maria: yeah. >> congressman is absolutely correct. the congress has got to get on with fixing the loopholes so that they cannot take advantage of the law of the united states. maria: right. >> to make penetrations. maria: there was real urgency and the urgency has been pushed forward because of president bush's passing and that's defense spending, president trump is calling for the u.s. to reevaluate how much we are spending on the military, he tweeted this yesterday, i'm certain that at some time in the
future, president xi and i will start talking about meaningful halt what has become arm's race, $16 billion this year, he writes, crazy, i know you don't think that's so crazy, general. tell us your position on this because now we know that the congress is doing a continuing resolution, pushing this all for the next two weeks, we don't have the threat of government shutdown this week but that does not mean it's off the table, your reaction. >> first of all, the president has to recognize that the devastating impact of the sequestration of budget control act cuts and has been staggering and put us in a hole that we can't get out with two plus which he obviously has signed. the technology gap advantage that the united states used to have over russia and china as, indeed, closed in some areas and
in some areas they have gone ahead of us, so we need to get out of this hole before we talk about taking any other action that would flat-line the defense budget or as director of omb said reduce it. that would actually increase security risk of the united states and we cannot go there. eventually if all of us can reduce defense budgets, yes, that would be a worthy idealistic goal but not very practical in dealing with russia and china whose ambitions and national interests are totally different than the united states. maria: mick mulvaney at omb is worried about trillion dollar deficits every year for several years to come, worried about $21 trillion in debt, the money has to come from somewhere. >> listen, maria, the reality is that sequestration cuts, defense took the cuts, defense was hit and took 50% of all of those cuts and that's what put us in a
hole. second, defense is only 15% of the entire budget and even if you go into defense and take 50, $60 billion out of that, what is that going to do to the staggering deficit and debt that we have? why would we put the security of the united states at such a risk, doesn't make any sense to me and hopefully the day will be won. i know that chairman of senate armed services committee and thornberry are seeing the president this afternoon to talk about subject and i hope they are persuasive, i know they are carrying with a number of fact that is the president will listen to and also be informed by. maria: by the way, real quick, general, before we go, were you surprised that qatar is leaving opec? >> yes, i'm surprised by that and we will have to see what takes place here. certainly the middle east itself over the jamal khashoggi has
unraveled to a certain degree and we have to get back to promoting stability and security in that region. the united states has to play a leadership role. maria: general, good to see you, thank you so much. general jack keane. battle of the tech titans, apple, amazon competing to become the most valuable company in the world, the latest next. >> payback. [applause] >> shut up, shut up. maria: then there's this, netflix new plans to keep the classic sitcom friends for years to come, coming right back. what if numbers tell only half the story? at t. rowe price, hundreds of our experts go beyond the numbers to examine investment opportunities firsthand.
we'll replace the full value of your car. ♪ liberty. liberty. liberty. liberty. ♪ maria: welcome back, federal judge raising concerns over merger between cvs and aetna, cheryl casone with details. cheryl: judge richard leon who was key figure in at&t's merger with time warner is now questioning the justice department's decision to approve acquisition of aetna, judge leon is concerned that the department hasn't fully addressed potential competitive issues, he refused the 69 billion-dollar deal, the doj approved this.
well, amazon, apple and microsoft now in three-way race to be the most valuable public company. tech giants have each taken the title recently ending trade daig with market cap of 860 billion, apple currently leading, 877 billion as of yesterday's close, apple gained 3 and a half percent on word of trade truce between dc and beijing. microsoft also under pressure as you can see on the screen down half percent. all right, speaking of apple they've launched website for current and former veterans as well as close relatives, 10% discount from iphones, apple watch, third-party parties like drones, cameras also being sold on web side. fans of hit show friends can breathe a sigh of relief. ♪ cheryl: at&t and netflix announced a deal to keep in
2019, speculation that at&t wouldn't renew the deal, but the new agreement allows services to yes, keep friends on the air or streaming friends consistently top 10 shows, maria on netflix, shows of netflix and at&t slightly lower in opening market. maria: did you have a friends party? [laughter] cheryl: yes, i did. maria: i love that show. thank you. we will take a break, when we come back the most powerful business, forbes with annual list, we will tell you who is on the top spot next. ♪
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maria: welcome back, forbes out with most powerful women list, top 3 contain few surprises coming in top 2 most powerful women german chancellor angela merkel, british prime minister theresa may number two, imf manager kristin lagard to number 3, forbes media executive vice president mora forbes, great to see you, thanks for being here. >> nice to be here, thank you. maria: any big surprises on this year's list? >> the biggest surprise is that there's so much power at play for women collectively around the world and the top 3 represent women who are extraordinary influence in really tense geopolitical and economic environment and they are often in make or break moments, look at theresa may, within a week her power can be cemented or toppled, you see cheryl san berg for the first
time being on the list, 10 dropping out on list, her power is on the weigh. we are seeing bright spots and encouraging steps in terms of women's progress moving forward. >> another example of someone who has fallen off the list is hillary clinton, she's completely gone, so that goes to the point of the power shift that we are seeing out there, but what about the newbies, who do you see being added to the list? >> gail, head of anthem, 90 billion-dollar business, continuing to turn it around, 40 million customers leading the huge scale, we also see women who are continue to go break the traditional glass ceilings like casey and we are looking women who are shaping cultural trends.
serena williams, highest-paid female athlete of the world and she used influence. maria: abigail johnson. mary bara, what prompted her to move up the list? >> she continued to lead gm's turnaround to driverless future whether it'd be innovative, steps towards electric vehicles, toward partnerships with lyft and the like. we are starting to see major profit gains but, again, like all leaders not necessarily specific to women, it is a precarious time with announcement last week of plants closing and massive job layoff, she's in the cross hairs of president trump and those decisions around tax credits and
can have meaningful impact and huge repercussions moving forward. maria: we love this list, mora ford, doing duty, state trooper takes huge hit after pushing man out of the way of out of control car, next mornings with maria. . . . ing, but everywhere else... there are chefs, bakers and food order takers. doctors and surgeons and all the life savers.
maria: welcome back. good tuesday morning, everybody. thanks so much for joining us this morning. i'm maria bartiromo. it is tuesday, december 4th. your top stories right now. the trade rally is fading this morning, futures indicating a decline at the start of trading. the dow jones industrial average set to open down 120 points. the nasdaq is down almost 40 points, 2/3 of 1% lower. this after a pretty good rally yesterday. the major averages while closing off of the session highs did clock in almost a 300 point rally on the dow, investors showing optimism over the trade truce between the united states and china. larry kudlow optimistic on what
the deal means for the u.s. >> if they follow through and make good on their commitments, that american exports sale will boom to china, because we are the most competitive country in the world. maria: next hour, 8:00 a.m. eastern, tune in for my interview with steven m steven . the dax in germany is down 80 points. in asia overnight, mixed performances, worst performer was japan, nikkei average down 2 1/3%. the yield on the 10 year treasury closed below 3% yesterday for the first time since september. honoring president george h.w. bush, president trump will meet privately with the bush family today after he paid respects on
capitol hill last night. thousands are expected to enter the capitol rotunda today. they've been lining up all night as president bush 41 lies in state right there on capitol hill. new questions this morning for uber, a new report alleging troubling practices at the ride-hailing company. the details coming up. a you true act of her heroism, a state trooper saves a you bystander on the road and gets hit by a car. we have the latest coming up. from desert to breakfast, hostess unveils a line of cereal, details on the flavors coming up. all those stories coming up this tuesday morning. joining me to break it down, dagen mcdowell, john peebles and lindsey bell. great to see you this morning. >> good morning. it would be better with a bowl of that cereal, don't you think? [ laughter ] maria: looks good. dagen: one thing i wanted to say in terms of powerful women in this world, if merkel, may
and bregar are one, two three, nancy pelosi needs to be in the top five and she's not even in the top 20. i was watching her last night, that woman is powerful and she is smart and she's staying right where she is. maria: yeah, she is. dagen: she could have with that $2,000 is pathetic crumbs, she could have fouled up what is going on for the democrats and she backed off of that narrative. maria: these she' she's a mony raiser. she continues to be. i'm surprised. we should have asked more about that. >> she has more enduring power. dagen: enduring. >> power is about enduring. power is about longevity and influence and also where does that power come from, from the institution you lead or do you fight to create that power and nancy has been able to very effectively fight to create and continue to have her power and to evolve with the new generation. think about the big conflicts
that she's having within her party and she's still able to navigate. maria: which is why she will likely be the next house speaker. >> i think she definitely will. maria: joining the conversation this morning, treasury secretary steven mnuchin is here. former senior advisor to the clintons, mark penn is here, lots to talk to with him. former head coach, brian bil billchik is here as well. washington meets wall street, some economists are warning an economic slowdown is on the horizon. spoke with dan quayle this weekend who says the economy will play a vital role in 2020. >> don't know what the state of the economy will be in 2020. it's good now. we're a long way away.
nobody can really he predict what it's going to be in 2020 and the economy is obviously key. president trump ran on that, bringing jobs back to america, increasing wages for the workers, it's all good right now. what will it be in 2020. if the economy slips it will be a real challenge for president trump. maria: my next guest does not predict a recession in 2020 but expects a slowdown for sure. heading us right now is -- joining us right now is barry banister. how significant a slow would you expect? >> we have an economy that's doing 5.5% nominal gdp, the real portion plus inflation. i think that's going to decelerate to about 3%. industrial output, industrial production grew at about 6% at its peak. i think that will fall to about 3%. this is normal as the cycle matures. you have a slowdown. it doesn't necessarily mean a recession. maria: is the market trading that way in your view? are people making bets based on
the expectation that things will slow down? >> one of allen greenspan's comments over 20 years ago that was very interesting was that the u.s. can't remain an oasis of prosperity in a troubled world. as the fed is removing dollar liquid at this from the world, you're starting to see the effects abroad. the process of policy normalization, of raising interest rates is also very difficult. and as a consequence of that, what you find is the u.s. is starting to feel blowback from that and that is pulling us back in the growth rate. maria: which brings us to the story that you brought up earlier, dagen, and interest rates and what this gap between th10 year and two year is tellig us. dagen: the 10 year yield closed below 3% for the first time and the 10 year, two year to 10 year gap, the yield curve, it's the tightest gap, the most narrow since 2007. and so between -- you pointed this out, between the three and the five year, those two inverted. the shorter term is higher than
the longer, slightly longer term rates and generally that's a sign that investors are worried about economic growth prospects. so they're buying longer term treasury as protection, if you will, and i'll just point this out because lindsey and i were talking about it in the green room. i said before during this entire recovery, during this entire cycle since the financial crisis, every time the 10 year yield got to about 3.25% it was a buying opportunity and you would see people pile into it and it would come back down. it kind of ebbs and flows with the economy. >> i think the question really is, is this change we're seeing in the longer yields, the 10 year, is it related to growth concerns versus investment opportunity in the shortened to avoid interest -- short end to avoid interest rate risk? >> we have been bullish on the 1 # o10 year. i think it's going to 2.65.
net-net that would be favorable for housing where incomes are strong. there isn't an excessive amount of inventory. affordability has been a big issue. when we look at it, the interest rate pullback is the inflation component, what's called breakeven inflation, and as well, if the fed is not going to be that aggressive with rates, the real yield, what's called the tips yield, it's also going to pull back a little bit. it's going to go below 1. that's good. i think it's a good stimulus for growth. maria: what does that mean for markets? bridge water associates founder ray dalia was with us last week, weighing in on this very subject. listen to this. you just said you don't think that the fed is going to be able to tighten much more. are you saying that you don't think the fed's going to be raising rates consistently next year? >> no i don't think the fed will be consistently raising rates next year. maria: what do you think? >> i think that what's in the curve, i think if they continue to raise rates faster than is
built into the curve, that will affect all asset prices because all asset price versus that one interest rate. you know, an asset is the purchase, it's the present value of the cash flow. when you buy an asset, you pay a lump sum payment for future cash flows and there's a discount rate. that interest rate affects all assets. so stocks compete with bonds, compete with cash, which competes with real estate and private equity. and all of those -- you raise the interest rate faster than is built into the existing expectation in the curve, and that has a negative effect on asset price. maria: but is that the impact of a slowing economy? >> well, to a degree. oil prices had run up so much and there's plenty of supply. the president pushed back the iran sanctions for six more months and that release valve of excess supply caused oil to fall. so on the one hand, that's a really good question. on the one hand, the u.s. has become a big oil producer.
if you have a lower oil price, there's less industrial output related to finding oil. on the other hand, it's a tax cut for consumers and so it's kind of a mixed bag right now. i wouldn't call it positive or negative. it's kind of a slight positive at most. maria: what are you seeing on the trading desk in terms of where people aral locating capital right now. >> we have been favoring staples, health care, utility, telecom, a bond proxy and defensive trade. i sense that more and more investors have been aamenable to that as the tech favorites have started to fade. i think there's more left in the trade. i expect interest rates to come down on the long end, the 10 year. >> what do you think, speaking of interest rates going down, how do you think that impacts commercial real estate and what's your outlook going forward into 2019 for commercial real estate? >> yeah. commercial real estate has been under pressure. one of the things that we are fairly favorable on is the employment picture. we think the employment will continue to be full employment.
we're looking for 250,000 jobs on friday. when you add that up, the jobs, the office space rental, the retail sales, the income getting better, but not at an excessive pace, should be relatively favorable certainly for some of the risk side, meaning the default rate that would attract more capital. maria: this is your business. what do you think? >> i agree with him. what he pointed out in terms of the outlook for the housing market going forward, that's what we're seeing in the industry, that we're optimistic. there are pockets of markets that are very soft, especially on the high end, like a new york city, because it's been over-supplied but pretty much around the country as affordability becomes more you attractive, that's what's been slowing down our pace more so than the economy. you agree with that. >> >> don't forget the tax bilker limitbill.you're limited how mun
deduct for your mortgage. you can't deduct the interest. the middle of the market is going to set the course. the high and low end are really just tails. and i'm fairly optimistic on that. maria: barry, it's good to have you on the show. thanks so much for joining us. stay with us for my interview with steven mnuchin coming up, less than an hour away. plus, this, remembering president george h.w. bush, president trump will meet privately with the bush family today. the 41st president lies in state in the capital ro rotunda. mourners are paying reexpect dourespect.doug mcelway is ther. >> reporter: what struck me was the absolute quiet, you could hear a pin drop. the second thing was the absolute stillness of the honor guard, difficult to detect even the breaths they take. the third thing, how cold it was in the rotunda. the doors are open, inviting america in to pay their respects
and the doors were open all night long. among those visitors who paid respects last night, the president of the united states and first lady, melania, the building was largely empty when they arrived. the president saluted, melania held her hand over her heart. they bowed their heads in prayer, no words spoken at all. earlier, leaders from the house and senate spoke. here's speaker paul ryan. >> as americans, we have no more solemn duty than laying a great patriot to rest. to the bush family, on behalf of the whole house, republicans and democrats, we are profoundly sorry for your loss and we are honored to celebrate this wonderful life with you. >> reporter: vice president pence told a touching story about his son, a naval of aviatr whose first landing was on the
maria: welcome back. a group of former uber employees firing back at the company in court. cheryl casone with the details now. cheryl: four former employees on the security team have claims in court that the company's trying to block them from disclosing a lot of troubling practices. the four say they have evidence of potentially criminal initiatives against uber's competitors. the company said a they're
trying to use information for personal gains. marriott is offering to pay for the cost of a you ne a new passf fraud is detected. many people may have had passport numbers stolen. this could be in response to chuck schumer and other lawmakers who want the company to pay the $110 fee to replace a passport. shares of marriott down 15% for the year. meanwhile, 100 million users have been affected by a data breach at cora, which runs a question and answer and answer website, they discovered the problem on friday. information that may have been accessed include users' names, e-mail addresses, even passwords. the security breach remains under investigation. and finally, are you ready for a sugar blast for your morning? well, two famous sweet treats are going to become cereals. coming to a grocery store near you, post cereal and hostess have created powdered sugar
donut cereal and honey bun cereal. shares of hostess down 21% this year. one woman on twitter said so if i put mini donuts on top of the donut cereal and the honey buns, like a stack, does that count as a balanced breakfast? i think it does. maria: honey buns comin come a. technology and health care, how gadgets are playing a critical role in wellness. 2020 vision, details on a billionaire eyeing a potential presidential bid. we've got the list. it's getting longer. back in a minute. ♪ i want to have fun. ♪ time for a good time. ♪ turn it up now. ♪
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sleep number 360 smart beds. ends monday. ♪ i've got the moves like jagger, i've got the moves like jagger. maria: welcome back. combating the high cost of health care, the average u.s. household spends nearly $5,000 on health care according to the bureau of labor statistics. one major expense is hospital care. my next guest is trying to change that. joining us now is the ceo of medically home, rich rokowski. we love the subject of technology and health care. you've taken it a step further by doing what can be done in a hospital in a person's home. explain your business. >> yes. so we built the world's first scalable virtual hospital, taking care of what was overwise delivered in the hospital and bringing it into the patient's home. this is for those that were frequently hospitalized and those that need post hospital care and those that are going
for clinical thrills have triale oncology needs. about 20% of patients that are currently hospitalized can be done at home. dagen: is this covered by insurance, particularly medicare. >> there are varying programs going through this at this time it's for commercial insurance anmedicare advantage. >> do you incorporate a physician's visit along with the use of technology? >> imagine a 30 day episode of care that's centralized where physicians and nurses are in a medical command center. imagine technology in the home that's monitoring the patient, allows you to communicate with the patient and the family and now imagine all the services that are currently delivered in the hospital on wheels, going to the patient's home. all that's centralized, managed and monitored with technology. that's a virtual hospital, a medically home visite virtual h. >> i assume you're incorporating testing and monitoring of different elements, such as you
can do screening at home now, properly following the instructions. >> the basic idea is about 18 services are delivered to patients in the hospital, those are now going to be put on wheels, go to the patient's home, then managed centrally with technology. dagen.>> what about data sharine concern with that. amazon announced how they're getting into the medical field. there's major concerns, given what we're seeing in the technology space. >> we think this is a big role for big tech to play a role in getting data from patients and managing that. we think the big focus is shifting to where the care is delivered, the site of care. about $800 billion of the $3.5 billion -- $3.5 trillion health care system expense is fixed cost from hospitals. if you want to be move and decentralize that, you need think about where the care is delivered versus how much we pay for it or where we pay for it. maria: if you want to get sick, go to a hospital, right? i mean it, it's better not to be in the hospital if you can actually leave the hospital. >> one of the most research
interventions in the world is health care at home. being with your pets helps recover from acute illness better. >> the main argument is this hurts the profitability of hospitals, right? is that true or false? >> it's actually false. there's a big issue with supply and demand matching. many markets have hospitals that are too full. many have hospitals that are not full enough. this idea is a virtual beds, expanding the hospital's reach by expanding, creating beds in patient's homes rather than bricks and mortar beds. maria: this is why we've seen so much consolidation in the hospital industry. technology making real moves into health care, google, amazon, they're using a.i. as a way and i assume that you're using a.i. in some of the machinery. the journal is highlighting an app which provides doctors to
recommend patients their prescriptions and medical supplies through a website linking through amazon. what do you think of that? >> we think there's a big role for data and distribution with the existing system. our focus is shifting care to the home. we believe that's where patients need to be and want to be. the revolution in health care is trying to move the battlefield from health care cost to health care sites. we think the tech is supposed to service providers of care as opposed to replace the providers of care. dagen: this didn't remove the needs for human beings. it's the one critical thing that you do get in the hospital along with infections and quite frankly sometimes neglect is at least sometimes you have somebody coming by, saying if you have cellulitis or st a aph infection, you need somebody to look at it and see tim provement. what kind -- see the improvement. what kind of level of human care would the patient get. >> we are monitoring the patient
24 hours a day. we have technology, we can see the patient, they can see us. we monitor their vital status. we have services in the home during their episode of care. think about the clinicians that visit maybe once a shift in the hospital, actually being 4/7 -- 24/7 available. central youizatiocentralizations and the nurses, everything else comes to the home. dagen: doctors don't even he show up more and more in hospitals. when they do rounds, it's not a dr. they try to hood wing you into think -- hood wink you into thinking it's a doctor that's seeing you. you have to put the hammer down on the medical professionals to make sure you're getting the right care and getting the right answers. very often they are not paying attention. maria: it's a good point. what's the difference in cost in terms of the hospital stay, getting all of those benefits that you get there, versus doing
that and having those benefits at home? >> the medically home, we've found that the cost of our model, about 30 days episode of care saves 30% versus the current cost of care in hospitals and the care that follows. you ask how is that possible? the fixed cost of hospitals represent about 65% of the cost of care. so we're arbitraging out the fixed cost, more care over a longer period of time using the home as a site of care, that's the idea. dagen: how many insurers, you said commercial insurers have signed up. >> we're in three markets, with five different insurance companies and growing. dagen: big markets, like urban markets? >> urban march. maria: you would think the trend would take off, that people want to be in their home if they can get the proper care. >> absolutely. what you're seeing is for the high end customer, the high end patient, you're getting personalized service. there are facilities that are operational in new york city where you can go in, see a doctor on demand, under any
circumstances, it's urgent care for the highen. with technology, it enables you to bring that personalized on-site types of health care to all americans and i think that's the goal. >> the key is, about 135 million americans are either on medicare or medicaid today and it's a big issue for taxpayers, a big issue for the national debt. maria: and they're going broke. >> it's a big issue with the budget. the basic member miss -- premise is we need to move the care to the home, make it available for all public payers. dagen: somebody with a compromised immune system, a cancer patient who is on chemotherapy, the last place that individual truly needs to be unless they're critical is in a hospital because they're exposed to so many different disease. >> you should come work for us. maria: that's what i was referring to earlier, if you want to get sick, go to a hospital. dagen: i've had personal experience with that in the last six months. it's the sigh l kell of -- cycle
of where it's a never-ending cycle. >> most of our investors, customers and partners have had a personal experience like yours, and that's what's driving the business right now. maria: the business was borne because of a personal experience of yours. >> i lost my father to medical error. maria: thank you for sharing your story. we will be looking at the developments. coming up, horror in florida to report, the video of a plane crashing into a building with children inside, creating a fire ball. that's coming up. disney raising the bar, the new requirements for the ceo to collect his bonus later this hour. stay with us. ♪ ain't nothing like the real thing, baby. ♪ ain't nothing like the real thing.
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♪ ♪ this holiday season, families near you need your help. visit redcross.org now to donate. let's talk about thisd when we meet next week. edward jones came to manage a trillion dollars in assets under care by focusing our mind on whatever's on yours. maria: good tuesday morning. welcome back. thanks so much for joining us. i'm maria bartiromo. it is tuesday, december 4th. your top stories right now.
turning lower, futures in the red this morning, we are expecting a lower opening for the broader averages this morning with the dow jones industrial average down about 100 points after easing trade concerns launched the major indices higher yesterday. this morning we have a decline of 130 points on the dow, 42 points lower on the nasdaq. president trump and china's president called for a trade truce over the weekends to halt tariffs for 90 days beginning january 1. investors were concerned that we would see a long drawn out battle. as you saw yesterday, markets were strong. the concerns this morning are about interest rates. the 10 year treasury yield has closed below 3% for the first time since december and the word is this suggests the economy is flowing in the future. just half an hour from now, keep it here with my interview with steven mnuchin, i ask him about china and what can get done in the next 90 days and what he's expecting in terms of slowdown. european indices are lower this
morning. the cac is down 37 and the dax index in germany is down 81 points, 3/4 of 1% lower. asian markets were mixed overnight with the worst performer in japan, down better than 2% overnight. terrifying video, a security camera shows a small plane crashing into a building with children -- it is a children's autistic center. details coming up of what took place. then a hero on the road, a florida state trooper seriously injured after cabbing a bystander on -- saving a bystander on the highway. he moved the person out of the way and jumped on the car himself. disney is raising the bar, the new requirements for ceo bob iger to collect his bonus. disney shares are down 3/4 of a percent. it's national cookie day today. we're celebrating with an edible cookie village. all of those stories coming up. the top story this half hour, that is 2020 contenders, yes, it is game on for 2020.
michael bloomburg is in iowa today and jeff zucker and mark cuban indicating they may be interested in a run themselves. joining us right now is the stagwell group president, mark penn, author of the book, micro trends squared. thank you for joining us. >> thank you. maria: it is game on for 2020. what's your take? yesterday, jeff zucker was interviewed on stage with axlerod and mr. axlerod said you've been interested in politics and he said yeah, i've been interested there and maybe i will consider running, we weren't sure if it was president or mayor or governor. looks like jeff zucker has his eye on politics next. your thoughts? >> well, maybe so. he's already been in politics i think running cnn the last couple years and the way he's run cnn, so i think it would be a pretty natural jump. i don't think he's got the
public person sea that's going o play in politics. who knows? everybody says they're going to get in. it's an easy way to seem relevant. maria: now that midterms are behind us, people are lining up, getting their ducks in order in terms of competing for 2020. who is the viable candidate you see on the left to compete with president trump in 2020? >> well, look, right now in the democratic primary there are three bs. bideen, burnie and beto. those are probably the three frontrunner as we go into this. probably sanders or warren would be the weakest candidates because they're too far to the left. biden is probably the strongest. he could recapture some of the working class votes. the question is, is he too old, although it's hard to be too old versus donald trump's second term. maria: you got to wonder what the message is. so far, it's been all about resist. do you see a message from beto,
biden or bernie? if those are your three top candidates? >> beto's got to run as a new generation to politics, like kennedy did. he's got to say the old generation is tired, running out of solutions, it's time for the new generation to take over. biden is the on c he's the old generation. he's going to say trump is taking you on the wrong path, he's going to return society to equality and fairness. i think they'll develop messages. i think you have this early kind of money primary here, do people have the organization, talent, the staff, and begin to enunciate a message. i think if no one is a frontrunner by october, i think hillary will jump in. a poll that came back shows she would put herself in third if she did that and there is no clear frontrunner in what could be a massive slate of candidates. maria: you wrote a column on this a couple weeks ago. i thought you were basically taunting her to run. i mean, now we know that hillary and bill are on this tour but
the former first couple postponed a stop on their speaking tour in houston until next year, following the death of former president george h.w. bush, this comes as their speaking tour was suffering from low ticket sales as well, mark. that column that you wrote basically saying, yeah, hillary may very well run. what were you trying to do? are you trying to taunt her into running again? >> i was kind of capturing reality as i saw it, which is that if there is a frontrunner, somebody who takes off between now and kind of october of this year, probably that will lock her out. but don't kid yourself. she has a 75% approval among democrats. she stayed close to the left. she's been behind the russia message, the voter suppression message. she stayed close to core bait democratic constituencies. if there is no frontrunner she could come back in and say hey, look, there's no frontrunner here, give me a chance, nixon came back and won. i'll knock this guy off. and it's not i'm plausible.
i was putting a reasonably likely scenario, particularly if the democrats flown deer aroundd the entire year. maria: do you think she could win? >> i think she has a chance. nobody knew the strategy of donald trump to win the midwest, with something no one saw coming. i think it would be a tough race for anybody. she has an image now even lower than. mariadonald trump.maria: she'se russia force, no evidence of collusion, yet they're singing the song of collusion we know we'll see a closed door hearing this week, jim comey reaching an agreement for a private hearing with transparency. i spoke with bob goodlatte about the upcoming hearing. here's what he said. jim comey has talked a lot about going public versus private.
explain the difference because i know that if you're in a private setting, he can just say oh, that question is confidential and classified, i can't answer it. so can you get more answers in a private setting versus a public setting? >> yes, because the format is one where our counsel will ask questions for an hour, the democrats will have an opportunity to ask questions for an hour, then back to republicans and back and forth until all the questions have been asked that need to be asked. whereas in a public hearing, if people have watched those, they know each member gets five minutes. you can't even ask more than two or three questions and certainly can't ask any follow-up questions. however, we share mr. comey's interest in transparency. we expect all of these interviews that we have transcribed thus far to be made public. we have committed to making his public very quickly after the interview takes place. maria: so the interview is on friday, mark. do you think anything comes out of this? >> well, look, i'm pessimistic
because comey has been out there playing the game for almost a year and i think that he is going to still say classified, classified, classified. but having an hour to go at him with intelligent follow-up questions without being interrupted on when did you make the decision, what was the information behind the fisa warrant, what really was going on with you and mccabe, having finally someone who could ask those questions is great. i'm pessimistic that he'll answer but i want to think we need as a society to get the answers to those questions. maria: because it's pretty clear there was wrong-doing. >> oh, i think it's pretty clear that you will need and independent counsel to look at the fbi and the justice department and what they did here because after all, they cannot investigate themselves. maria: yeah. but i mean, you know, how inept that now we're hearing from him now. i mean, with the republicans only three weeks left. they should have subpoenaed this months ago. >> absolutely, they should have gotten him back, they should
have gotten glen simpson back, they should have gotten mccabe back. the more information came out, the more they should have had round two and three of the questions. they never got to the bottom of what was going on. maria: i couldn't agree more. you mentioned at the top of the interview the three bs, bay bet, biden and-do you think bloomburg has a shot. >> i think the polling shows he would be a distant candidate in the democratic party. i don't give him much of a shot. we've never known at this point in an open field who the nominee will be. i'll give him an unpredictable shot. i'm a little aboutful with the three other b's in front of him that he'll be able to pull away from this. he'll probably put a lot of resources in it. maria: we'll be watching. always a pleasure to see you. thanks so much. a hero on the highway, a occur e trooper risks his own life to
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executive airport. as you can see, the plane skidded down a nearby street, it hit a building, caught fire. the pilot and passenger inside the plane did not survive. the building is home to a therapy center for autistic children. one person injured in that building, the ntsb is investigating the crash. more scary video out of florida, shows the moment a florida state trooper was struck by a car on the side of the highway. the trooper was investigating a crash when a car spun out of control and hit him. look at that you can see him pushing another man out of the way before being hit. nearby workers rushed over to help. he was seriously injured, taken to a hospital. he is recovering. the cause of the wreck is under investigation. okay, disney increasing the target that ceo bob iger must meet to collect his performance bonus. disney says he can get his $1 million equity grant in 2021 only if the shareholder return
outperforms 65% of companies in the s&p 500. shares of disney lower in the premarket. pressure on him. and folks, you've got a great excuse to indulge your sweet tooth today. it is national cookie day. congratulations. among the many companies offering give-aways and deals, barnes & noble, dairy queens, mrs. fields, cheryl's cookies. speaks of mrs. field, you've got some of the company's cookies with you on set and we brought a gingerbread village on the set today. it took 100 hours to make the village. they've got a special cookie on set which are gingerbread white chocolate cookies. these are on set, these are one-time only, a short time for the holidays. maria: i love the of roof, it's all cookies. that's such a good idea. cheryl: it's cookies on top. 100 hours to make. they make 2 a 5 -- 25 different
structures. dagen: i want to go over there and eat a giant chunk off the roof. maria: take a bite out of the roof. dagen: up close, it looks really good. cheryl: i'm going to try the gingerbread white cookie here, folks. maria: so am i. cheryl: there's more if you want it. maria: new tech coming to football, check out the equipment making america's gladiators safer, that's coming up. stay with us. alerts -- wouldn't you like one from the market
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protective equipment co-founder bob broad rick and winning head coach, brian billek. thank you for joining us. bob, let me kick it off with you. tell us about x-tech and why you think it sets players apart from regular football equipment, sets the equipment part. >> we started six years ago. the amazing thing was, if you ask nfl player what they do before the game, what they eat, the gloves they wear, they could tell you. six years ago they couldn't tell me anything about their pads. you would think it's covering 60% of their upper torso. so six years ago a variety of teams introduced me to a designer with a well-known company. we set out to revolutionize it with patented technology. we created a partnership with rogers corporation and their xrd technology which is a foam which will disburse energy. maria: it's a foam that disburses energy?
>> absolutely. maria: what sets this apart. >> i'm ashamed to say in 40 years i was coaching, never once could i tell what you pads my players were wearing. it's about taking the head out of the game now. if we're going to do that, it comes down to the pads. pads haven't changed for 40 years until now. this is the next wave of technology. it has to get there. like everything else, technologically, where the foam, the protective plastics have come from, kevlar, it's obviously light years from where it is. you've got to protect the players. this is the next wave of technology. >> can you use technology to determine where an impact happens on a particular player, where they're prone to have impacts and make adjustments on the equipment? >> absolutely. everything we do is customized, especially the college and nfl level. other companies have a specific pad for a linebacker. we take into account past history of injuries, how they play the game. the game has evolved, rule changes, everyone is about remove the head from the game.
then again f. you take a shoulder pad out of the box today versus 15 years ago from some of the other brands, it's virtually identical. it's the same exact thing. maria: what were you saying about the video earlier? >> i don't know if they have the video. let bob show you here. you talk about disbursement. it is personalized. show them the old pad. this is the old pad. >> old foam, you can see the energy disbursed. you go right through it. the technology we use in football, it freezes right there. maria: that is cool. >> that's the key to protecting. maria: so important. thank you so much, gentlemen. (vo) 'twas the night before christmas and all through the house not a creature was stirring, but everywhere else... there are stores open late for shopping and fun as people seek gifts or even give some.
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♪ ♪ this holiday season, families near you need your help. visit redcross.org now to donate. maria: welcome back thanks so much juror snoing us it maria bartiromo tuesday, december 4 trade rally fading this morning futures indicating a decline of start of trading dow jones industrial average down 115 points almost one half of 1% s&p 3500 down a third of a percent the nasdaq 37 point decline half a percent legislator there this after a good rally on wrote a
yesterday major averages off the highs of the session dow jones industrial average at close yesterday up 288 points better than % s&p up 30 better than % nasdaq with 111 gain up 1 1/2% on the about day yesterday. about optimism between united states and china fueling markets all day yesterday, global markets this morning though also under selling pressure, ft 100 down 55 points three quarters of 1% cac quarante down two-thirds of a percent, 32 points lower dax in germany down tleer quarters of a percent, 80 points lower in asia overnight mixing worst japan nikkei average down better than 2% overnight, top story this hour at trade truce u.s.-china coming to a tentative agreement to hammer out a trade deal within 90 days u.s. trade representative robert lighthizer will be the chief negotiate with beijing joining us right now treasury secretary steven mnuchin thank
you so much for joining us. >> good morning, maria. always great to be with you. >> what do you expect to take place within the next 90 days sir? >> well, we have a lot of work to do, but i think this is the first time you have had a direct agreement between two presidents president xi and president trump, i think president xi made some very strong commitments, on changing structural nonstructural issues if we can get it be negotiated and get a real agreement i think this is the single biggest opportunity for u.s. business and u.s. workers. >> it sure is talk to us about the -- about the issues here because we've seen talking a lot over the last year and a half as the president has, and yourself, about the -- intellectual property theft, about the forced transfer, of technology, about the idea that china has to open up its markets then, of course, there is the whole trade issue china applying more stuff from united states do you expect those other big issues, like the transfer of technology,
like the theft of i.t. to be addressed, over the coming whether 90 days or beyond? >> maria, let me be clear on this, because i think there has been some confusion, i think president trump has always been focused on the structural issues including, it and technology, and forced jvrz joint ventures what he said what he said to china if we can correct issues open markets the trade deficit will take care of itself, so there are both specific discussions it has to be about making structural changes this isn't just about creating purchase orders, but having said that, there are also specific commitments in the near-term, on agriculture, landg industrial products autos china has come back with specific targets that they think they can meet, and i think those are very big commitments, they have put on the table as i mentioned,
additional purchases of 1.2 trillion dollars, and if that is real then again we have to have a negotiated agreement have this on paper but if that is real that will close the trade deficit. and it will be the structural changes that lead to u.s. companies being able to compete fairly, in what is a growing china middle class and that is great opportunity for them economically and for u.s.. >> that is a big number in other words, they verbally agreed to buy 1.2 trillion dollars of more things from the united states? they have said they see are the arbiters that is their expectation, and that in short term there would be some very specific commitments we are in the process of now trying to go over the agricultural commitment that will be the first thing addressed next few weeks. and bob rilighthizer leading a specifics of negotiating this as ustr putting it into a
legally binding agreement. >> i recognize secretary, these things do not happen overnight you are talking about a bureaucracy of china looks at things over the long term how long will you give it in terms of change and behavior on the other things, like the theft of intellectual property and opening up their markets to foreigners. >> there is 142 structural item we have executive director in great detail, our expectation is that phase one will be implemented immediately. and when i say "immediately" part of 09 day negotiations with specific time frames specific commitments phase two will be very quickly as well. so again, we expect that during the 90-day period we can lock in very specific commitments. and these were pg representations that were made by president xi directly to president trump president trump will stay involved. in the negotiations and again this is an agreement between
the two presidents that we now have to execute. >> that is terrific the fact being dealt with on presidential level speaks volumes what is phase two specifically. >> well there are a series of structural issues some of them can be implemented very quickly, some of them i expect will be implemented on a rolling basis but this is not about making commitments of things you know that are pie in the sky over the next two or three years, our expectation is there will be specific deliverables specific timelines we have an agreement there will be penalties if china does not meet time lines in those commitments. >> and the penalties being what tariffs back in place. >> tariffs but without -- without reciprocal tariffs attacking us so, again, this will be a real a real agreement again, and not that we can accomplish everything in 90 days. but we expect to make a lot of
progress, and president trump will be directly involved we met with him yesterday, the team updated him worked on a game plan going forward, and we will be updating him weekly. >> we know this is a really big deal which is why the markets were rallying yesterday on this news. there is also the mexico canada agreement the president signed usmca along with leaders of mexico and canada at g20 as well quite impressive, but people are wondering if in fact that gets ratified with new congress there are a number of democratic congressman secretary that about have said look we can't find this, the way it is right now, is the president prepared to make changes to usmca come the new congress. >> let me commentnk ambassador lighthizer has done a great job, on this agreement. and there are very, very significant changes again structural changes not just u.s. content on oouts which is important but there is i.t. protection financial services protection, there is issues on
pharmaceuticals, this is an incredibly complex deal that ambassador lighthizer negotiated, in a year and half. the deal was signed by the u.s. canada, mexico, and i think this is going to be an agreement that president trump expects is going to be tan to congress passed as he said on air force one if not passed he have is going to terminate the existing agreement for those think they can get a better agreement this is a very, very good agreement. and lighthizer has done a great job, negotiating this, making big changes whether agricultural autos ip financial services this is a big change people who say this is just nafta 2.0 don't understand the details. >> i think you make a really important point right there. because the some of the people on the left democratic congressmen saying this is not ready for signage saying we need many more industries involved not just autos
pennsylvania congressman cartwright with me on sunday, on "sunday morning futures" says not supporting this deal the way it is here, watch this. >> the current deal is -- is a step in that direction but it's got to be made a lot stronger what i am looking for us president trump to indicate that this is not the end of the line, this is not the deal that he is going to be satisfied with. we want to see president trump sharpen his pencil and do a better job at -- at helping american manufacturing workers, the current deal doesn't do that. maria: am i right to assume you will not vote for this deal the way it is right now? >> no. unless made clear somehow that this is only a temporary position. that we are going to move on to broadening its effect to the entire manufacturing sector in this country. >> are you getting ready for a fight on this mr. secretary? >> maria, there is lots of people who want to turn this
into political issues. bob has kept you know many people apprised spoken to democrats spoken to republicans spoken to businesspeople, spoken to labor. this is a great deal. and there are people who want to make this a political issue. i think this is a very big win for the u.s. economy. u.s. agricultural u.s. business, and my expectation is this gets over the finish line and people who think they can micromanage the deal for political reasons, because they don't want to support the president you know that is a bad strategy. >> secretary mnuchin let me turn to growth i know throughout all your policies since you stepped into this job you are number one priority has been economic growth, getting the number up getting numbers up creating more jobs economists are worried as you know over a slowdown next two years as we head into 2020 election, do you expect this economy to slow down in the next two
years? >> maria when we got here people were talking about one and a half to two percent gdp. we said we could get 3% or higher people laughed at us, we've had gdp over 4% we have now had a gdp number of 3 and one half percent, you know what we have said is sustained gdp of 3%, so i think we're comfortable with those numbers. you know if people are talking about a slowdown, from 4%, of course, you know number we've al focused on is 3%, i meet with businesspeople all the time. i -- when i got back from the trip i actually was with dinner with a bunch of businesspeople on sunday night. i hear very strong outlook, now there is oublz uncertainty about trade issues that is all the more reason we got to get a about negotiated deal a big win for u.s. business. but i think if we are successful on that we get usmca passed, i think the
economic outlook is incredibly strong for 2019 and 2020. maria: there is a feeling secretary mnuchin that the tariff certainty is one of the reasons that businesses have stopped spending as much as they were when you first came out with your tax cut plan we saw business spending shoot up right after that but in the last several months business spending, in terms of i.t., r and d has slowed down we saw that recently in the most recent gdp report, do you believe the uncertainty over the president's tariffs the steel and aluminum tariffs now, has cut into growth expectations? >> maria specifically steel and aluminum i think the president has done a very good job, on these i think that this has been a significant win for the u.s. steel industry we're seeing steel factories being built. i think that secretary ross the rest of the team have done a very good job at negotiating
certainly exclusions for where there is critical steel that people need. i think that ambassador lighthizer this is the process of trying to negotiate an agreement with canada and members, which will help. so i -- i think that steel and aluminum is not an issue i think we have the right balance there. as relates to business spending we still do see strong business spending the fact that it is down a little bit from what we passed tax reform is not a surprise do i think businesses want certainty what whatever it is they want certainty on the economic front that is why we are very focused on locking in trade winds. >> secretary mnuchin stay with us we are taking a short break i have got to get your take on what the market message is telling us, because i know you -- you are savvy when it comes to markets there is some worry with 10-year yield falling below 3% market is telling us growth is going to slow stay with us we will address that when we come right back more
>> welcome back we are back with treasury secretary steven mnuchin secretary i want to ask you about the auto sector i know the president has been disappointed about job cuts announcement out of gm morgan stanley, is saying that a restructuring at ford could cut even more jobs than gm, gm, just announced 15,000 jobs were to be cut gm ceo barra meeting with hae senators tomorrow to talk about cut backs what is your plan, in terms of stopping that, in terms of alleviating the auto sector your reaction to weakness with all jobs created the last year and half? >> well maria you know the auto industry although people focus on it is an industry at ultimate that at the end of the day consumers buy cars suvs light trucks, trucks it
is a very big market. and my understanding is that gm has to just kind of restructure some of their demand what we're seeing particularly with lower gas prices, is additional flan for suv light trucks strong demand less demand for the small passenger vehicle i think as you know in the manufacturing process, of autos, they got a retool factories, i am not i am not aware of the exact specifics but i hope that gm can retool these plants for other factories that they can move things around i think one of the big focuses of the industry how can they use new technology so that they can retool plants a lot quicker, and ultimate whether things like 3-d printing for tools and things like that whether five or 10 years from now we can about have that as a big part of auto manufacturing, i know you we are very focused on technology.
and manufacturing. but i'm hopeful that these plants can be reused we have a lot of demand for workers, whether it this is the auto industry, or others, that are in fact right now, one of the biggest focuses for us is to increase participation rate, bring people back into the workforce, workforce training, so i am very hopeful plants can be put back to work. >> sounds like your take is this is a specific issue to the auto industry, in terms of technology, and the retooling of plants not necessarily related to a broader slowdown, that some people are expecting. what do you make of what is going on in the bond market you know the worry this morning is that the 10-year yield dropped below % and a gap between 10 year and two year has gotten shorter, and that is suggesting that a recession is on the horizon, in the coming couple years. >> maria we have a big market room downstairs at the treasury we monitor these things very carefully.
you know it doesn't impact what we do. at treasury in the short term we are focused on our funding needs over a longer term basis. but let me tell you in my previous life i made a career of trading. and i've never believed that markets are efficient, markets move too far both directions, it is important to take this information in, but i -- i don't see the market being a -- an indicator as the future of the economy. i see the market being an indicator as to what they think is going to occur on interest rates. there is also very you know there's technical issues as to supply and demand all these different parts of the curve. >> so what are you going to be looking at secretary, in terms of of the most important metrics to keep checking on whether or not the plan is in place, and rolling as you would expect in terms of growth? as i said earlier economic growth has been among your priorities, as well as job
creation. with these worries on the horizon, are you going to be focused on business spending? is it consumer spending? where are metrics that will give you the most important window into whether or not we are seeing that slowdown materials. >> two most important metrics gdp numbers inflation numbers i think we are focused on is having strong growth while we keep inflation in check, i think the fact that the oil prices have come down recently, i think the fact that you see inflation hovering below 2%, so below the fed target is a good thing for growth. and we monitor all these issues most importantly, you know i speak to business executives every single day, because that is how i get a sense as to what is going on a in the economy. i also speak to banks, banks are very good indicator in terms of what they see in lending. so, again, for our horizon, on the overall economy we see
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maria: changes coming to your retirement new bill introduced by house ways and means chairman brady aims to remove age limit on contributions to your individual requirementl requirement account ramsey final expert author of everyday millionaires chris hogan good to see you -- >> thank you good to be with you. >> the impact on removing age in terms of contributions to 401(k) your retirement i think good to allow people to kbt
past age 80 1/2 i've got to be honest as we look at this people need opportunities to put more money in earlier. you know, the way to grow money with time compound interest so i would love to see contribution limits increase for people what are in 20s, 30s to give them an opportunity to build up the money they need for future. >> what if you are older we can't go back in time how can you catch up? >> well good thing is if you are over age of 50, there are catch up provisions, in your 401(k) you've got an opportunity to add extra 6,000 a year in iras opportunity for extra thousand studies have shown there are 78% people somewhat or extremely concerned about retirement. so it is a little too little too late at that age to be opening up options for people, now i love that people have an opportunity to control future, i never feel like it is too late i talk about that in moo i book retire aspire never too
late to make changes we have to like liefl adjustments look at ways to add to savings for later we've got to stay in control of our money, and not let it control us. >> what do you think makes sense to have as a limit? you want to increase the limits of the amount of the contribution what should it be a sliding scale when younger, it is not as high as when you are -- you know say my age 58 trying to catch up? >> well do on a great question, i would lot of to see the ira's burned have up to 10 to 15,000 give people an opportunity to put money away, moving 401(k) allowing people to move it up again talking about people's futures, we are seeing people have to work harder and longer because they don't have enough put away don i think this boils down to radiation and understanding how important it is. people have a false sense of understanding that they think social security is going to save the day the plan get yourself out of debt build up
emergency fund, and start investing 15% of income into your 401(k) or 403(b) will pull the you on the path to live your dreams later. >> spend it when you are young spend it spend it spend it chris because when you are old got big retirement nest egg going to be achey not going to want to go on a cruise not wanting to go to italy if rome too much walking to do. people -- >> way too much about -- retirement. >> that information listen, you can have some fun now, but you got to prepare for the future. don't you tell people that. you can have fun. >> take money out of 401(k) dagen. >> no! absolutely not. >> do not touch that money. dagen: a debate for another day i will say this i know enough people who dropped dead right after they retired, they had all this money you know who got to spend it? the ex-wife and her new husband got to spend it. >> we need to get dagen more
coffee, all right, listen put money away, leave it there, and -- be prepared, be prepared. maria: i think she is just doing this to be provocative. >> i am not postponing a interest up to make catchup contributions to 401(k) plan. >> you can budget for the trip pay cash. >> live for the day be mindful of tomorrow. >> thank you don thank you don that is exactly right. >> i understand chris good to see you, sir we continue the debate we will see -- chris hogan reaching a trade truce with china details president trump tasks trade representative robert lighthizer to lead negotiations reaction to my interview with secretary mnuchin, back in a moment. ♪ ♪ ♪
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us. i'm maria bartiromo, it is tuesday, december 4 your top stories right now 8: 2 wam on the east coast, turning to red futures indicating a legislator he opening for the broader averages this morning dow industrials down 80 points right now one-third of a percent, the s&p 500, nasdaq also negative, after a big gain yesterday, easing trade concerns launched major indices higher yesterday president trump china president xi jinping called for trade truce to halt tariffs 90 days marketss soared 287 dow industrials 30 points higher s&p, nasdaq up 111 points yesterday at the close, treasury secretary mnuchin stressed the importance of that truce a few moments ago. >> this is the first time we've had a direct agreement between two presidents, president xi and president trump. i think president xi made some very strong commitments on changing structural and nonstructural issues, and if we can get this negotiated and
get a real agreement, i think this is the single biggest opportunity for u.s. business in u.s. workers. >> treasury secretary also said that he sees strong growth in the economy, continuing even though there could be weakness in the housing market and is certainly right now. >> europe the major indices lower ft 100 down 37 points contact california cac in are a applis down a third of a percent dax in germany down one half percent asian markets mixed weakest in japan nikkei average down better than 2% mourning a leader president trump will meet with george h.w. bush's family today as nation mourns loss of the 41st president bush in state on capitol hill ahead of tomorrow's prooktsdz in the morning french president emmanuel macron backtracking following weeks of violence in france riots government is suspending an increase in the fuel tax. tragedy for osu ohio state
football coach meyer announcing retirement, the health scare has him stepping down coming up teaming up krogering will sell groceries in braned sections of walgreens stores to keep customers loyalty coming up tuesday morning, first, top story this half an hour u.s. and china trade truce, moments on anning i spoke with treasury secretary stephen mnuchin here is what he said about the deal to postpone tariffs 90 days. >> not about making commitments for things pie-in-the-sky next two or three years our expectation is that there will be specific deliverables specific time lines, that we have an agreement that there will be penalties if china does not meet those time lines, in those commitments. >> and the penalties being what? tariffs to go back in place. >> tariffs but without -- without reciprocal tariffs you know attacking us. >> joining me right now ceo of
siemens joe dakaeser thank you for being here you have a huge business in china is your second largest market for siemens what is your reaction to what is taking place between u.s. and china and now with 90 day truce? >> well i think it goes into right direction. so to talk to each other know about each other if you look for solutions, so i believe the right way, we need to see, what is going to come out in terms what exactly, and beneficial but good. >> the president has already put tariffs on chinese imports coming into the country. china retaliated what impact has it had on your business. >> first of all, not very much, honestly we are very localized 35,000 people in china, we have more than 60,000 people working here in
the united states. >> biggest market by far twice as big as china twice as big as germany so we really like, you know when united states and china come to terms, on global trade sort of try to find a little playing field so best teams best companies are able to win over customers. >> when you went to china about initially were you forced to transfer technology some secrets to chinese counterparts? >> no. we were not forced to do that but as natural effect to see if you are localize your business you have local people join you help you put produce products solutions, so what you naturally see not so much about stealing, it many believe stealing so bad what you are lose the most knowledge from, is that you lose your people, they go other places, obviously cannot brainwash them when they leave
company they take knowledge experience of a world class company with them apply them in the next job so that is really what is at stake for the most part. >> not so much about ipr, stealing it is with turnover of people, that you have and they take the knowledge with them. >> you've got operations all over the world i want your take on growth we've got the november jobs' report, coming out this friday, siemens had you just said 60,000 employees in the united states. >> almost. >> over 350,000 globally, what is your take on growth today? where do you see the most growth for your business across the world? >> i don't think we are in infrastructure business -- our generation, infrastructure, you automakers health care renewable pockets of growth in terms of results reknew bls, health care, manufacturing automation i think the secretary mentioned what can
companies do to innovate more attractive what we help them do. >> you made changes in terms of wind pair business obviously in terms of consolidation, in terms of trying to get growth out of that business. >> well, we do -- the future, whether we like it or not climate change happens, every day. so therefore we need to see how we can make renewable energy also economically about feasible much as great token for -- co2 emission try to do that combining companies, to be on the for in front of consolidation. and siemens company new energies that is a biggest energy in the world. >> what about geographics. >> 3% growth in united states europe troubled about uncertainty of regs italy budget issues characterize the
growth in europe. >> europe still you know has a lot of big opportunities in terms of talking to customers. the political sayinituation has become quite -- quite difficult because europe in absence of a joint foreign economic policy in middle between superpower houses united states and china, so they look at -- east west, and, you know, with themselves that i believe needs to be -- needs to be changed, we need to have a unified european foreign economic policy so that there is a unified approach on multilateral and bilateral grade agreements. >> doesn't it get worse if we see britain carry out its exit from the european union and others perhaps, you know, think about following suit? >> well i think the question is i would ask myself half the political and economic
leadership in europe you know, taking responsibility to stand up and show people if way. or has it just been sitting there and waiting till a majority of people have been voting out of the european union. so i believe what happens in europe today is a message to the european leadership both in the political and economic side, to take charge and responsibility and bring europe to where it actually belongings as third superpower in the world, you know, besides united states of america and china, and to a better world. >> would you be more poised to expand or build out your businesses in the u.s. because of the stability or would you be more poised to look elsewhere perhaps even europe despite troubles. >> i am factors what to look at first of all, you look at demand, we have -- demand happen demand could happen on
customer, not so much government. government set framework, and the united states it has been spending more than 40 billion u.s. dollars, on investing in the last 10 years in this country. we wouldn't do that if we didn't think it is a great place to be at. so that is why you know, the united states of america has always been a great place great in innovation in terms of software more than ways of manufacturing the internet of things you know, should actually start happening here and not in china. china has got -- 3 billion people you can't deny that, you know 1.3 billion people is 1.3 billion times purchasing power of any other country. >> right. >> so that is what we look about at we look at framework, being looked what framework looks like from the governmental side. i mean what united states has done was a tax reform aiming at creating jobs has been great thing seems it pays off.
you know, if tax reforms only come to increase -- the companies doesn't do any good not really what it should be, you create jobs creating jobs creates growth growth creates more tax income to finally compensate for you know, for the people that is how we look at it. >> we will leave it there great to have you on the program joe kaeser ceo at siemens jobs america coverage begins friday 8:00 a.m. eastern identify where jobs are in america right now, coming up technology takeover the details as amazon apple microsoft all compete to be the world's most valuable public company. back in a minute. ♪
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>> well back farewell to 4 as it president hillary overdrawn live on capitol hill. >> good morning, maria. the nation's capital is waking up honoring remembering former president herbert walker bush this morning there rotunda said open overnight opening doors to thousands to pay respects there are people still this morning, lined up around the block, bush's remains arrived yesterdays escorted by family welcomed honored by some of the top
leaders including, the supreme court justices leadership, of course, crowds of people paying their respects, the president trump and first lady melania came here to pay respects and honor a man spent his life in service to this country the president issuing a presidential message to congress, describing bush as this, quote fearless courageous adventurous unyield to go highs and lows of the he 20th century next millennium creating an example will expire generations for decades to come, and thousands more people are expected to come here, and pay their respects today while he continues to lie in state until tomorrow morning, maria. >> hillary vaughn on capitol hill this morning, tomorrow the markets will be closed in honor of george h.w. bush, fox business will be live, as the nation mourns the 41st president millennials using magic of youtube not only for
fun but to make millions stuart varney with more on that. >> maria this is entrepreneurial spirit classically have you heard of market flyer net have i 29 years old made 17 1/2 million dollars over the past year on youtube. have you heard of tbn he made 18 half million you heard of jake paul. >> no, actually i have. 21 1/2 million dollars, what these people are doing is using technology. you know, when you first come you might say millennials, what are they up to, in fact, they are being very entrepreneurial, using this brand new technology, to make a ton of money. the top 10 youtube stars made 180 million dollars, total in the past 12 minutes, they get 5 bucks for each 1,000 views of their site on youtube i think that is a fantastic
story millennials understanding capitalism don't you love. >> it entrepreneurialism of america i loafer it i know you have allotted more in 10 minutes thanks so much "varney & company" top of the hour after "mornings with maria" join stuart for great panel coming up first, rejected on rays track reaction to a model ducking a kiss after winning. ♪ ♪ forever and ever ♪ ♪ but everywhere else... there are chefs, bakers and food order takers. doctors and surgeons and all the life savers. the world is alive as you can see, this time of the year is so much more than a bow and a tree. (morgan vo) those who give their best, deserve the best. get up to a $1,000 credit on select models now during the season of audi sales event.
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nine years ago retired from coaching at florida because of concerns, then came back, a three time national champ 54 years old meyer dropped to knees on the sideline during a game in october, battling a headache, when he leaves after the rose bowl buckeyes head coach offense coordinate led squad for the first three games this year when meyer was suspended the heisman trophy college football prestigious w awarded presents, the boston red sox accepted invitation to the white house to celebrate world series title with president trump manager cora has been critical of the president particularly in the wake of hurricane maria in navy puerto rico said he respects the president quote could i am going to use
platform right way not embarrass anybody i am going to represent four million people from back home the right way, when we go there. >> dagen: president' ear when you show up. maria: maybe you can get something done by showing up. dagen: right. maria: and talking to him respect but talk. >> nothing wrong with disagreeing with policies or politics. maria: no. >> you don't have have to vilify them dislike them because you agree with their approach they are not -- hopefully, we can learn, as we reflect on president bush his legacy about being able to disagree, but get along. maria: good point thank you so much, sports reports fox news headlines 247 siriusxm 115 amazon apple microsoft compete to be the world's most valuable public company. stay with us.
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related to parkinson's. don't take nuplazid if you are allergic to its ingredients. nuplazid can increase the risk of death in elderly people with dementia-related psychosis and is not for treating symptoms unrelated to parkinson's disease. nuplazid can cause changes in heart rhythm and should not be taken if you have certain abnormal heart rhythms or take other drugs that are known to cause changes in heart rhythm. tell your doctor about any changes in medicines you're taking. the most common side effects are swelling of the arms and legs and confusion. we spoke up and it made all the difference. ask your parkinson's specialist about nuplazid. >> welcome back apple amazon my kro soft in a tight race to hold title of the world's most valuable company. gerri willis on the floor of the new york stocks exchange.
jared. >> good morning a three-way race and amazon climbing title briefly yesterday but i have to tell you apple came in by the closing bell, with an 877 billion market cap, and reclaim the title microsoft also a win hunt here. bigger maybe better but rett let me tell you what matters to investor the share price when you look at share price it is not apple but amazon leading up this year microsoft up 29.6 apple up 5.5 when it comes to what really matters amazon really leading the way here. maria back grow >>. >> expecting lower opening just as it is in the new york post de blasio new york, your thoughts. >> don. >> unfortunate i think we're seeing it every day everybody seeing diminished quality of life. the question is, what are we going to do about it? i think that -- clearly we have to hold him
accountable and hold other government accountable before they ruin the city. >> real estate part of the economic story here, final thoughts real quick. >> homelessness is another problem i think voters heading out there to vote. >> i love our viewers one of them said about secretary mnuchin haven't priced me rei bar has he lately? [laughter] >> have a great day everybody. here's "varney & company" stuart take it away. >> good morning maria inquiring minds want to know has euphoria from trade worn off already because initial 500 point rally has indeed retreated look at this to get things going. we will open lower today not a huge selloff but what you're looking at is different from a runoff 24 hours ago. the dow at the opening bell will be down about 80 points. the nasdaq down about 22. not a huge selloff. now look at this. interest rates going down, what