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tv   Mornings With Maria Bartiromo  FOX Business  January 25, 2019 6:00am-9:00am EST

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pointing to a gain, take a look, pretty good rally this morning, dow industrials up 166 points, two-thirds of 1er, s&p 500 also up two-thirds of a percent, 19 points higher and nasdaq up 56 points, percent higher after news on wall street, we see the market not too far today, down 22, s&p up 3, and nasdaq 47 points higher at 4:00 o'clock, checking global markets this morning, europe stocks are higher this morning across the board, ftse up 23 points, third of a percent. cac quarante up 1%, 46 points higher and strongest performer in germany, 155 points, one and a third percent. in asia overnight, take a look at close in asia, best performer was hong kong, hang seng up one-third percent, all the stories coming up friday morning, joining me from new york, fox business dagen mcdowell, independent women's voa heather, good morning to
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you. liz, good morning to you. >> hello. maria: how are you doing today? a lot to talk about, dagen. dagen: i have been talking to myself all night long about the elizabeth warren wealth tax. [laughter] maria: such a beautiful story. ing day -- dagen: i can't wait to talk about it. she's tired of allege -- alejandra ocasio-cortez taking all the steam. maria: you know what i was thinking about this morning, when you take a look at some of the wealthy out there, they're not necessarily creating or gaining more wealth because of higher income levels, they've created wealth and have money in stock, money in real estate, but you know, you take someone like
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a warren buffet who always used to say, it's disgraceful that i have lower tax rate than secretary, that's because wealth was in stock, he's paying capital gains versus her in income, when you take a look at the wealth, i think you have to take a look at what we are measuring. dagen: she wants to confiscate people's money, people's wealth. all the other countries in the world where billionaires or multimillionaires might live, do the exact same thing. i think one of her ideas is to -- if you try to reascend -- turn in your u.s. citizenship, she will hit you with penalty to do that which is that's communist. >> it's not just that, every country where you had wealth tax, wealthy people have ability to evade them. you find that in these countries
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that have had historically wealth taxes, the families that were wealthy hundreds of years ago, are the same families that have the wealth. dagen: that's my point. the only way it works is all the other countries have the same wealth tax otherwise people will move, billionaires won't stay here and collect social security. maria: money is mobile and we have a lot to talk about in that regard, stay with us, top story, mark zuckerberg, answering critics this morning in new op-ed, facebook ceo writing op-ed in the journal, the facts about facebook writing, quote, we don't sell people's data, in fact, selling people's information to advertisers would be counter to business interest. we have strong incentives to protect people's information from being accessed by anyone else. joining me jerry baker, good to
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see you. >> good morning, maria. maria: your reaction? >> facebook has been under tremendous pressure, they have been called out in a number of ways that have been embarrassing, the stock is down hugely, everything they do to try to repair this seems to make it worse, what he's trying to do, he's crying to reset and say, look, here are basic facts about the company, all of which are true, not necessarily all of which are the most relevant facts, you know, we don't sell data, we do our best, take privacy seriously, the reality is business model is revenue generating model that depends on the ability of advertisers to reach the people who use facebook. maria: all the details about you. not selling the data? >> they don't have to know everything. the unique ability of facebook is that it is so large, the scale of it reaches so large, the number of users, if you're
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advertiser and you're trying to reach particular segment of audience, you do it through facebook, facebook is doing advertisers access, there's no way around that. they can put privacy protections in. they can encourage users if they want to protect themselves by opting out of certain service that is they use, but the fundamental business model is about selling people's information, selling access to people's information to advertisers who are willing to pay a lot of money. maria: how can you say you're not selling data when in fact, that's what advertisers are paying for? >> they don't actually take the data and sell it to third party, what they are doing is selling access to the people to the users themselves to the advertisers, so they are not actually taking the data and selling it but they are giving profiles essentially they are -- because they have so many users, advertisers will choose to advertise to particular groups and they can do that through facebook because they have so many people.
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maria: ladies in new york, that's the business, selling data. is that selling data? >> what the definition is is. you can -- maria: exactly. >> you can say you're not selling the data, the reality is you're selling the access. facebook's problem is not people recognize they're selling the data, it is also won the whole argument about censorship and social control trying to decide what's permitted speech because it fits political agenda versus a very double standard if you're a conservative and when you start seeing what's going on in countries like china where it was recently reported, for example that if you don't have enough fit bit steps you don't improve social standing and gets determined by the government and what you're not ability to access social media but also to travel, to have certain jobs, people are starting to realize that there is a price to all of
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this data being acquired in terms of where they are, what they are doing, your phone is no longer a phone, it's a tracking device, we are using ways -- maria: by the way, everything you're saying, everything you're saying is making me think about china because that's exactly what they do in china, you've got your own score and when you behave either increase the score or decrease the score and dictate whether or not you can get on a train or anything. >> a bit of a leap -- when you sign up facebook you're signing up voluntarily. facebook doesn't punish you. but, yeah, if anybody -- if anybody has a digital profile they are amassing data about themselves and handing data essentially over to powerful organizations, companies and other things. that is a fundamental problem.
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you know, we are all grappling with this, european union introduced this thing, gdpr which we are familiar with, they have to have certain rights and they are able to protect those rights whenever they are using, whenever they are accessing websites or other -- or other forms of content, but it is a huge -- this is a massive problem, we are all essentially now, all of our information, every time -- all of the information that we put out there is collected, is available and it's -- and presumably some day be accessed. >> the other thing that facebook ceo zuckerberg is responding to colleagues to come out aggressively against this, you have everybody from tim cook to jimmy, we do not save your data, we don't do any of this, pointing the finger basically suggesting that facebook does in fact, do this and sell access. >> there's no question. >> this is their business model. it's not apple's business model to collect advertising, in order
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to do that effectively they need to collect data. maria: let's move onto shutdown. senate failed, day 35, another pay period that government workers are missing, president trump calling for down payment as part of the deal, we are close to a tipping point in our travel, your reaction? >> this has got to come to an end soon, it's not good for anybody, it's not good for 800,000 workers, it's not good for the public because there are certain aspects of what these government employees do that are starting to impact people's lives and i think it is rather tragic that this politically game is being played in washington with increasingly important public services and with the lives and livelihoods of people who work there. it's got to come to an end. it's not doing anybody any good in washington, it's hurting the president more than the democrats because he said i own this, it's my responsibility and
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because he's the president. they have to find a way, the ridiculous thing is they are not that far, the democrats agreed to funding the border. the president has droppedded insisting call a wall. the livelihoods of so many people are at stake. maria: dagen, i want to get your take on this, taxing the wealthy, presidential candidate elizabeth warren has proposed a tax on wealthiest households, above $50 million and in addition 1% tax on wealth above $1 billion, national economic council larry kudlow respond today proposal on lou dobbs
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tonight. >> let's tax rich people, confiscate what the rich people owned, destroy incentives and market base reforms, you know what happens, everybody is equal, nobody has any money. nobody has any money except the dictator and a handful of generals, this stuff has been tried for hundred years, it never works and always makes the country poorer. maria: dagen, your reaction? dagen: big noisy argument from elizabeth warren to drown out alejandra ocasio-cortez, top income bracket of 70%, but this doesn't work unless like i said all the other countries in the world join in and tax wealth because as you said, money is mobile, billionaires will go somewhere else, and ultimately prevents investment in the united states and that's what makes our economy vibrant and robust, it won't go anywhere, it'll be interesting, though, to
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see how democratic candidate for president respond to elizabeth warren. >> makes sense for a world that's politics of envy, but if you understand that there's such a thing as growth and like dagen said, all about income being mobile and this is suppressing people's ability to rise, then it's a bad idea. dagen: likely unconstitutional. maria: as i always say, remind people to go to tax foundation.org because top 10 percent owners pay 70% of all income taxes already. gerry baker, great to have you weigh in on this. >> massive inequality in this country. maria: what's the answer? >> what's appearing also is mobility, income ability is getting less, people used to being able to get in the mobility scale, they don't anymore. there's real concerns, all kinds of problems with the plan that elizabeth warren is coming up,
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there's increasing an near the country. we are here in davo, people that go around preaching. maria: private jets. >> get rech richer and richer every year and the middle class are getting screwed and people are angry about it and elizabeth warren and democrats are going to tap into that. maria: what surprises me the issue of education never comes up in all of the subject. we need to discuss education and arming people on all income levels to actually be better prepared for the workforce and what's needed. gerry great to see you. that's in fox business right here, join us back to back tonight. first quick break right here and we've got a lot more live, stay with us
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your digestive system has billions of bacteria, but life can throw them off balance. re-align yourself, with align probiotic. and try align gummies, with prebiotics and probiotics to help support digestive health maria: welcome back, earnings news this morning, intel is down, cheryl casone in new york
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with the headlines, cheryl. cheryl: intel is lower the premarket right now. fell about 7% after hours trading, down a little more than 5% right now. the dow component. fourth quarter revenue, 18.7 billion in estimate. profit of buck 28 a share, this is the world's largest chip maker and weak outlook for current quarter is raising fears about chip slowdown and that affected like envidia, let's talk about starbucks, higher in premarket, reported better than expected results, adjusted profit, 75 cents a share that beat estimates, in china there was worries about the numbers in china and starbucks actually did okay in china, so good news on starbucks. let's talk about venezuela, the military there has thrown its support behind socialist
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dictator nicholas maduro. meanwhile nonemergency american workers are on their way home from venezuela amid all of the chaos there. 2 days ago maduro gave 72 hours to leave, interview with maria, united nations secretary antonio gutiérrez called on leaders in venezuela to end the crisis. >> we are trying to do it at all cost, diplomacy to peace and to bring those that can't have -- explain the war that is we are witnessing that nobody wins, the solutions must be solving the root causes of the conflict. cheryl: china, turkey and russia are standing behind maduro and criticizing the united states for intervening. well, general colin powell gets
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help changing a flat tire along washington, d.c. by veteran, veteran couldn't believe that it was the former secretary of state a man he had long admired, he messaged powell in facebook calling him inspiration, the general responded, you touched my soul and reminded me about what this country is all about and why it is so great. and a great story, nice to see powell, he looks pretty good, maria. maria: that's such a good story, maria. i love it. thank you so much. we will take a short break, when we come back, stocks purge, pg&e after company is cleared for deadly 2017 wild fire, what it means for the company's future, the stock reacted, unlimited redemption, movie pass, offering unlimited movie plan one more time, details there back in a minute right here live from
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maria: welcome back, higher opening for stock prices, take a look at future, not the high of the morning, up 190 points on the dow industrials, three quarters of 1%, s&p is up 21, almost 1% and nasdaq 73 points higher, that's better than 1% actually. it's been a volatile few weeks of market, uncertainty of global growth about trade as well, s&p global is one of the leading providers of ratings, benchmark and joining me right now ceo douglas pearson. based on your research in terms of assessing where we are in global economy, how do you see
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things? >> we see a slowdown in the economy from the last couple of years, as you recall last year it was global growth. now we have slow do you -- slow. >> if you see china is slowing down in massive base. right now things that i hear in davos, trade policy, brexit, shutdown in the united states, these are the self-inflicted wounds which are creating political tension and uncertainty. maria: cut estimates for the u.s. economy expecting gdp now to be under 2%, out of jpmorgan. s&p global is launching campaign which you presented here in davos on wednesday, tell me about that, changing technology
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dramatically. >> participation of women in the labor force. we did analysis and went back 40 years ago to see what economy has evolved the most and the stars are the norway, sweden, finland, we did projections around that, what we are launching campaign that is trying to create dialogue about having more women in the workforce, people that are heros like you that we can look up to and what we found is that the united states itself, if it had continued with the same labor participation rate for women from 40 years ago to now, our economy would be 6% bigger, $1.6 trillion lagger -- larger and stock market would be bigger. maria: why don't we have that already, if you have performance man or women, why aren't we seeing more women in leadership positions then? you want to take us through the economic impact of increasing hiring of females in the
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workplace. >> social issues around the world, cultural issues but also political issues, where we see the economy that is have the most advanced approach to maternity leave to paternity leave that have ways to provide health care that's not just your neighbor or your grandmother, these are economies that have more women in the workforce and starts with company like our own, we have a long way to go ourselves and we are finding ways to improve our own working system and pipeline of women in senior management. maria: what happens when robotics take over jobs, man or woman? >> we spend a lot of time thinking about it and it's not robotics it's the workforce of the future, they'll be a lot of new jobs created. we think about jobs that will go away, remember when we used to worry about people that were bellhops, people that were doing jobs that no longer exist, those jobs created new jobs, travel industry came up with completely new jobs.
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maria: also requires education. >> absolutely. maria: i don't understand why education is not a bigger part of the subjects, you need to train people in order to get those jobs in ai, what does a steel worker know about engineering? >> there's two aspects, one of them is basic education, i was frustrated in last campaign that nobody talked about education. maria: good to see you. >> thank you so much. maria: s&p global, coming up shift at super bowl, coca-cola will not have ad for the first time in 11 years, tom brady busted, one kid science project proves that deflate gait is still alive and well. coming up alerts -- wouldn't you like one from the market
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>> here again is maria bartiromo with a special edition of mornings with maria live from davos switzerland at the world economic forum. maria: happy friday to you, january 25th, top stories right now 6:30 a.m. on the east coast. it is day 35 of the partial government shutdown, furloughed workers missing second paycheck under the loppingest shutdown in u.s. history, two bills to end shutdown were defeated in the senate, futures are rallying, strong open this morning, stock prices, dow industrials up 183 points, 3 quarters of 1%, s&p is also up and nasdaq with 70-point move higher is up better than 1%. this after relatively flat day yesterday for stock prices, take a look at industries at the close, s&p was up 3 and nasdaq was up 47, in europe this morning we do have momentum although once again it's fractional in the uk up 23 points in ftse 100, cac quarante
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doing well 47 points higher and dax index up 171 points, good and a half -- for 1 and a half percent move higher. korea up 1 and a half percent, hong kong, hang seng up one and two-thirds percent. p&g has been cleared after investigators determined that the company was not responsible for one of the deadliest fires in california history, we will tell you why the stock is taking a hit in premarket this morning. all that coming up. back to the movies, movie pass is trying to get you in movie theater with controversial unlimited plan. coca-cola ad will not play during big game. >> coke. >> it's a coke. >> it's a coke.
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>> it's the same for everyone. >> you can get one if you wanted. >> no matter where you're from. >> he drinks coke. >> even though they disagree. >> and while the bottles look alike, you aren't the same as me. maria: we will tell you why coke is opting out of the game. bad news for tom brady, we will tell you about it. first top story this half an hour, china opening up to wall street, china security's regulatory commission, china will give more license that is seek majority ownership in next 6 months, earlier this week i spoke with dr. chang to opening global companies. >> china seems to focus on macro demand management. the supply policy has not been stopped and we continue to push
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forward for supply side, structural reform and i will give you example, open up for financial sector for competition, china's vision is to make it open and large and competitive so it's not only opportunity for the chinese companies but also huge opportunity for all the companies around the world. maria: you saw axel weber, he said right now ubs has been the first bank to actually be allowed to operate in china and own 51% within 3 years 100 pester, ubs has been first. i sat down with jamie dimon and expressed interest in opening operations in china, he's waiting for approval. you can't go to china and open up a bank and own it outright? >> no, applied for a license.
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we do everything we do at hong kong, london, shanghai. maria: right now you have to go in as joint venture. >> yeah. chinese have told us they are going to open up. maria: and it does feel dagen that the chinese that's one thing that they are willing to do, your reaction to all of this because this is obviously something that all the major financial institutions want given 1.4 billion population in china. dagen: it's a little bit of piece offering to the united states and around the world that china is willing to do this, the question is would wall street banks and institutions be willing to operate at this level in china because again this is what president trump and the trade negotiations are trying to tackle, force to surrender technology and even cyber espionage, so if you're a major bank based here in the united
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states or in europe, are you really going to be willing to do that kind of business in china until you have assurances from that government in that country, maybe the president here can tackle that. maria: the transfer of technology, the major financial institutions want in, the 1.4 billion population are moving up income latter, it's a small portion of that so far but everything from credit cards to mortgages, so we will see about that but right now it feels like that's one of the things that china is willing to give on in the upcoming meeting. meanwhile on capitol hill banks will testify since right after the financial crisis, the house financial services committee is
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chaired by democrat maxine waters and includes alejandra ocasio-cortez calling for 70% income tax on the wealthy, what will aoc ask of the big banks, this is going to be something to watch, dagen. dagen: lend to go lower-income americans, things that will close inequality gap in the country. interesting because she has made big to do about not taking money from financial institutionses, you know they have historically put money on every politician's pockets, would she be tougher than anybody else in the committee, i don't know. maria: interesting that this is one to have big issues, bring the banks in and let's interrogate them. we had a big week in davos, switzerland, in cased you missed it some of the highlights to have week right now.
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>> europe has a negative growth and the united states is going to have a negative growth, absolute negative, slowing of growth in a material way that could be close to between 0 and 2% over the next 18 months. but i think we can expect much greater plurality and that might be market driving influence. >> the confusion in the environment right now is slowdown or is it going into recession, nothing we see is close to recession. >> we have been getting stronger numbers in the u.s. despite government shutdown, i'm looking at third quarter that's close to 3, a year about 3, and capital spending in the industrial production last week suggested there's a lot of momentum going forward for the u.s. especially we can get the government shutdown worked out. >> what we are seeing the economy slowed a bit, remember, it was at 4.2% growth which is almost unheard of for a country
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our size in second quarter and third quarter we were at 3.5%. >> i actually believe that we should be super impressed with the resilience of the global economy over the last few years and the face of all of these things and that's the thing that gives me hope. >> my recommendation has been that there needs to be precision regulation like precision medicine, you don't want the doctor to kill the whole body when he's treating one piece, we do need for consumer privacy consent, opt in, opt out, data, be able to remove yourself, that's where we need regulation and liability. >> we don't have the same legal freedom that we do in other countries but at the same time we stick to our guns. there are certain principles that we think are important and go at times to the negotiating room and the negotiations are direct. i think more than ever tech companies really need to think about these things, you have to
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have a little moral courage in my view to you're going to be in this business and take care of customer. >> from both sides of the atlantic, different culture and some neighbors are russia, some are not. there are differences. despite those differences, for instance, we have always been able to unit and protect and defend each other one for all and one for one. >> we can stay close to europe to minimize economic damage but if we do that and we are obliged to stay bound by europe's rules then it's kind of pointless brexit, why have you don't it. if you decide we will set our own rules, we have a painful period of economic adjustment so this is the pointless dilemma
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the government is in. >> we produced about 20% of what we have in the ground from the gulf of mexico, great for the united states and by using new technologies we image things, we could see the reservoirs easier and we u found what we think billion barrels of reserves >> making them grow faster by focusing on reformulation, diet coke and getting to other categories, high-end sports drinks in the u.s., investing in coffee business and a whole series around the world. >> the waste issue has to be tackled, we get that, it's not acceptable to have a sustainable like plastics and lose that sustainability when it becomes waste in the environment. our mission is very clear, we will stop the plastic waste going into the environment. maria: big week, dagen, in new
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york, it's interesting that there weren't many leaders of state here so a lot of business people. dagen: thank goodness, we love hearing from people that make decisions about really that help grow the global economy and add jobs and spread prosperity, you started the week with ray dalio who is super negative, he's looking at 0 to 2% growth in the united states, federal reserve that's probably going to loosen, you know, cut interest rates rather than even -- again, the ceo's are much more optimistic than that. maria: that's true. he said the fed will not be able to raise rates in '19 and maybe cut in 2020, we will see what happens with the balance sheet, pg&e has been cleared, details of 2017 fire next. movie pass' redemption, recoup losses by bringing back -- back
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[indistinct conversation] [friend] i've never seen that before. ♪ ♪ i have... ♪ maria: welcome back, shares of pg&e are soaring this morning. cheryl casone with details now in new york. cheryl: overhang on pg&e but the
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stock jumping, california california investigate os say the utility did not cause the deadliest fire in series of wild fires that happened back in 2017, killed 22 people and destroyed nearly 37,000 acres, investigators say the fire was caused by private electrical system, state officials have yet to determined whether equipment caused last year's campfire, more to come for pg&e, long-time ally of president trump roger stone has been arrested in florida, robert mueller special counsel's office said stone was taken into custody following grand jury indictment, charged with 7 count, obstruction, witness tampering and making false statements, we are will have more on this story as it develops as we go through the indictment here at fox business. meanwhile president trump's long time attorney michael cohen has
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received congressional subpoena to testify before the senate intelligence committee, lawmakers want cohen to address a number of unanswered questions they call it before he heads to prison in march, the subpoena comes one day after cohen postponed testimony in front of the house oversight committee, cohen's attorney says the family is being threatened and they blame president trump and trump's current attorney rudy giuliani. well, movie pass is bringing back its unlimited plan, the company used to offer the plan, will let you watch as many movies as 9.95 a month, the subscription price had to be raised an limit today -- limited to 3 movies per week. back to you. maria: yeah, all right, thank you, cheryl. coming up next, countdown is on for the super bowl, coca-cola out with new add but not playing
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in big game. tom brady busted how this kid's science project moves the quarterback cheated during deflategate scandal. we will tell you what this 10-year-old came up with back in a moment after months of wearing only a tiger costume, we're finally going on the trip i've been promising. because with expedia, i saved when i added a hotel to our flight. ♪ so even when she outgrows her costume, we'll never outgrow the memory of our adventure together. unlock savings when you add select hotels to your existing trip. only when you book with expedia. hey! you still thinking about opening your own shop? every day.
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maria: big game is on the game, super bowl 53, 9 days away. jared max on the soda wars. jared: coca-cola has given us some of the biggest ads in history, for the first time in 13 years we will not see coke
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ad, however, we will see this ad that celebrates unity just before the game, part of the pregame show broadcast, coke wanted this ad inspired by 1975 andy warhol quote, as americans come together in living rooms to remind everyone that together is beautiful. company said the ad bring it is life the idea that coke is for everyone with closing line we have different hearts and hands and don't you see different is beautiful. and together is beautiful too. coca-cola ceo james joined mornings with maria this week in davos. maria: do you have plans for a big ad campaign around the super bowl? >> we do marketing all year around including we show super bowl and we will do something again this year but to all the noise we just like to say we welcome everyone, great place to come.
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>> before the nfl season two men would make nfl history as male cheerleaders, first in league, become first such male cheerleaders in super bowl and inspired many. a lot of males reaching out saying they want to be cheerleaders also. 10-year-old ace davis of kentucky says he hates, hates tom brady which is why he created a project for a science fair to prove that patriots quarterback tom brady is a cheater because brady used deflated footballs a few years ago, they calculated averages, he won the science fair, asked what he will say to come brady, give me some of your money, you don't deserve it. maria: oh, god. jared: 10 year's old. you get the impression maybe his dad is not a brady fan. maria: i know somebody else who has an opinion on that, dagen?
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>> i hate the patriots but i would never bet against tom brady. my favorite moment of patriots game against chiefs was bob kraft and pushing cufflinks up and super bowl rings. >> the only way to support brady is to be from massachusetts, connecticut or new hampshire and anyone else has raw more realistic view of the patriots but, again, as dagen says, you don't bet against them but love to hate them. jared: unless you're in new england, you're rooting against tom brady. step back and think years from now, you will love to tell your grandkids or tell somebody, i got to see the greatest football team ever play so while you're hating on the patriots think about that, we are seeing something special here, maria.
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dagen: kumbaya, jared. [laughter] maria: beautiful. [laughter] thanks, guys, jared max, catch jared fox news headlines 27/7, siriusxm 115, warning to participants -- parents everywhere, coming to netflix baby shark, mornings with maria. ♪ ♪ could the right voice - the right set of words - bring us all just a little closer, get us to open up, even push us further? it could, if we took the time to listen.
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announcer: live from davos, switzerland at the world economic forum, here's maria bartiromo with a special edition of "mornings with maria." maria: welcome back. good friday morning, everybody. live from switzerland. i'm maria bartiromo. happy friday, it is friday, january 25th. your top stories right now, just before 7:00 a.m. on the east
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coast. making his case, the ceo of facebook mark zuckerberg defending the company he created in a new wall street journal op ed this morning. what he said about the company's data practices. shutdown showdown, entering day 35. two senate bills failed yesterday. lawmakers are back at the negotiating table today. president trump weighing in on the stalemate and calling for money for the border wall. >> one of the ideas suggested is they open it, they pay sort of a prorated down payment for the wall, which i think people would agree that you need. maria: we have the latest as some federal employees are now missing their second paycheck. today is payday. elizabeth warren's new tax plan hitting the rich, proposing an annual wealth plan now. we have details. markets this morning are higher. a gain at the start of trading. the dow jones industrial average up 177 points right now, 3/4 of 1%. the s&p 50 500 also up 3/4 of a
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percent. the nasdaq is 1% higher as we see earnings cross the tape. colgate beating expectations. the close yesterday, dow industrials were down 22, fractional move, s&p 500 up 3 points and the nasdaq was up 47. global markets this morning are mostly higher. european indices are higher across the board. fq100 up 18, the cac in paris is up 41 points, almost 1% and the tax index in germany up 161 points, 1.5% higher. asia overnight gains across the board there as well, best performer in hong kong and korea, up 1.5% and 1 2/3%. i made a new friend in davos, pepper the robot. she answered tough questionings, we've got the highlights later this hour. wait until you see what this robot can do when you insert the information. she's really interesting. we will have that. joining me from new york, dagen
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mcdowell, and independent women's voice ceo heather higgins. good morning. dagen: good morning, maria bartiromo. before we get to the fabulous matt murray, i want to point out a story that will likely drive markets today and in the coming weeks. this is in the wall street journal, incredible story. fed officials weigh earlier than expected end to the bond portfolio runoff. the feds meeting next week, next week's meeting could reveal more details on this. but they're close to deciding if they're going to keep a larger portfolio of treasury securities than they expected when they started shrinking these holdings about two years ago. back then, the expectation was it would go from $4.5 trillion. it's about a little under $4 trillion right now. to 1. $1.5 trillion to $3 trill. that's how much they could take it down. this is a way the fed has been pulling money out of the
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financial system. we saw some of the problems of this winddown, this drawdown was creating in the financial markets at the end of the year. this is a big story. i wanted to point it out. maria: this is exactly what ray dalio told us earlier in the week, saying look, not only will they perhaps not raise rates at all this year in 2019, they'll have to ease in 2020 and they may very well rethink the unwind that was scheduled for $50 billion a month. we know that is another form of tightening. dagen: absolutely. this will give markets some solace if there's volatility out there, that this bond portfolio could remain larger at the end of the day than many people were expecting. maria: that really was the reason for the volatility in december. people were more worried about the unwind i think than the global growth story slowing down. it was that unwind and this idea that the fed was married to selling $50 billion a month that really unnerved investors.
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this is obviously market moving as well. perhaps that's one of the reasons this morning we've got a triple digit gain on the dow industrials and we're expecting a pretty good move upwards for stock prices. dagen: absolutely. maria: our other top story, mark zuckerberg answering critics this morning. the facebook ceo writing an op ed titled the facts about facebook, saying, quote, we don't sell people's data. even though it's often reported that we do. in fact, selling people's information to advertisers would be counter to our business interest. because it would reduce the unique value of our service to advertisers. we have a strong incentive to protect people's information from being aced by anyone else. -- accessed by anyone else. joining me now, matt murray. great to see you. >> .>> i'm no pepper the robot. i'm glad to be here today. maria: we have a lot to talk about. not only the mark zuckerberg op ed and what facebook is but the unwind. first let's talk about mark zuckerberg. he says they don't sell data. isn't that basically what
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they're doing? they're selling access to people's information to advertisers. >> they're using the data to get advertisers to target ads to users, yes. they've been criticized a lot last year in a lot of stories for selling data to third parties. that was essentially the cambridge analytica scandal that they fell into last year. there, they delivered a clear message which is that's an old model. we're well out of that model. i think that's what he's referring to as much as anything there. i think one of the interesting things really at davos -- a year ago at davos was the beginning of a terrible year for facebook. everybody was beating up on them. i think it was bar mark benyoff compared them to smoking on the stage. they had a low profile here last year. the op ed this year feels like it's kind of a piece of campaign that facebook is lawn offing which is sort -- launching which is sort of a mixed message.
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they say we're sorry, there are problems with social media. they're careful to say we're working hard on the problems but they may never fix them. i think mark's piece is the other side of that, though, which is they're arguing -- i should add, this is the op offed side of the wall street journal, not the news side. i had nothing to do with this piece. it was my colleague paul. they're arguing, we heard you on the business practices but you misunderstood us. we're working hard to get it right. yes, we made mistakes. it's kind of a defensive, offensive message. you feel like this is where facebook is trying to go now. they talk all the time about all the people they've hired to review content. they clearly are trying to reassure advertisers and companies that they're not the devil. because part of their problem is that they've got issues with their model but they've also become the face of any anti-tech sentiment. maria: you mentioned mark
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benyoff. you had tim cook, ginni rometty calling for privacy. you have people saying we can't sell it at all. >> there are issues there. competitors saw an issue and said i can get a competitive advantage. maria: let me pile on. let's get to the market and to the senate, the senate failed to pass dueling bills yesterday aimed at ending the partial government shutdown, now in its 35th day. the president is calling for a down payment as well as part of a deal, airlines are feeling the strain. jetblue's ceo said, quote, we are close to a tipping point in air travel. let's get the panel's reaction first. i've got to see what you think about all this. heather, your reaction? >> the first thing i think people are missing about the shutdown, the longer it goes on, many people are more aware of how nonessential these workers are. the reality is, most people aren't affected by it. the media is driving the story
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about the 800,000 employees plus the contractors, et cetera. and this has been a failure of messages on the trump administration's part because they haven't been able to break through, that this is really about getting the border security, that people who are border security specialists say they need, not a coast to coast wall but in strategic places. that is the first thing. you're not seeing that much sympathy among the average american because if you look at the data, the average government worker's compensation is significantly more and arguably up to roughly twice what it is for the average american worker. so they are -- they understand that this is hard times but this is not the same as losing your job or feeling like you're at risk or something is seriously wrong in your community with opioids and everything else. so there's a political dynamic here that the media isn't quite capturing which is why i think you're seeing increased support
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for the wall despite the drum beat you're getting all the time. maria: it definitely is politics. i feel like they're trying -- i don't know that they're trying to come together. from the war of wore, sounds -- war of words, sounds like maybe they're coming together. >> sounds like they may be moving ten differl tentatively. according to reports, you had somewhat heated senate republican lunch where sharp words were exchanged. the president has moved in terms of a compromise and talked about willing to have a three week temporary bill while they negotiate. there's pressure on the democratic side as this goes on as well. who nos when it will end. the politics is moving things a bit here clearly. maria: the lead story obviously dagen's bringing up, the unwind, let's talk about this in terms of the federal reserve perhaps pulling back on selling the $50 billion. this is important. >> this is a big deal. it's been very interesting. there's a lot of debate about whether the fed went too far
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late last year with their fourth increase and a little -- a lot of talk about jay powell, that he's kind of been a little more nuanced in his language. they'll be out next week. i think there's a pretty strong sense here that the fed is really in pause mode to sort of take a measure of the economy and that we probably won't see anything for six months, is sort of the consensus view here, which is interesting. because i think at the same time a lot of people feel despite a certain gloomy mood here that the u.s. economy is still doing well. maybe it will be a little slower. it's more i think what's the impact of china going to be, what's the impact of europe this year. they see the fed in watch and wait mode. maria: there's the whole taxing the wealthy issue. senator elizabeth warren proposing an annual 2% tax on household wealth above $50 million. and an additional 1% tax on wealth above $1 billion. larry kudlow is responding to the proposal.
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he was on lou dobbs tonight last night. >> let's tax all the rich people, let's confiscate all the wealth people earn. let's destroy market based reforms. you know what happens? everybody is equal. nobody has any money. nobody has any money except the dictator and the handful of generals. this stuff has been tried for all these hundred years. it never works and always makes the country poorer. maria: dagen, your reaction first and then i've got to hear what you've got to say as we sit here in the swiss alps. go ahead, dagen. dagen: elizabeth warren is clearly trying to trump alexandria ocasio-cortez who has taken all the air out of the room in terms of left wing liberals with her 70% tax on the highest earners. that's an income tax. elizabeth warren now even using the same language that aoc used talking about the tip owpy topsf the income spectrum.
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this only works if all other countries do it as well because this money in the united states will move somewhere else that it's welcome. you can be dog gone sure -- elizabeth warren is trying to put a penalty on people who turn in their u.s. citizenship. that's one of her ideas. so she wants to lock people in this country if you will, which i think would be unconstitutional, among other things in the plan that are unconstitutional. again, don't you think that russia would say here's a russian passport, bring us your money, we'll tax it at 12%. any other nation would do that and could do that. maria: every time we see proposals like this, we see efforts to evade the tax and try to move money, use the tax system as effectively as you could to not show that much income. >> look, i have a couple points. i think what you just said is very true. we wrote a piece last weekend about what it was like in the united states for the wealthy during the years when tax rates
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were far higher. as high as 90% which is from the '30s to the '60s. what happened is rich entertainers like jack benn bend bingcrosby structured things in a different way. rich people are going to do everything they can to make their taxes reduce so the government will try to get as much as they can and it's a cat and mouse game. two other points. i think one point is, look, we talked about it on the show before when i was on with you before. the momentum of the democratic party is to the left and policies and candidates have been moving to the left for a while. we'll have two years of this kind of stuff because that's where the energy is. secondly, i think, look, when you're at davos and you know what it's like, people feel very removed from that debate in the uniteunited states and they teno
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not feel what a lot of average voters feel. whether you think the proposals are reasonable or not. it becomes a bit of a joke but it's a real thing. maria: thanks so much, matt murray joining us this morning. coming up, keeping secrets, a new survey finds a large portion of americans keep a secret bank account from their significant other. we've got details. the rise of artificial intelligence, a key theme at davos, i get a firsthand look at the technology with pepper the robot. these pretty smart. >> watch "mornings with maria" on the fox business network for the smartest conversation in the morning. maria: more of my conversation with pepper the robot, coming up. we'll tell what you the robot is capable of. stay with us. ♪ i want to give you one last chance. ♪ i want to give you one last chance.
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maria: yesterday we told you microsoft bing search engine was
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banned or blocked in china. it's being restored now in china. cheryl casone has details. cheryl: such a big story yesterday. microsoft now says that this week's sudden interruption of bing in china has ended. this happened as beijing is tightening the grip on the internet and trade tensions rise with the u.s. microsoft's president, brad smith, spoke with you in davos yesterday. maria: what happened in china? >> we operate in china, pursuant to global principles, the global network initiatives. there are times when there are disagreements. there are times when there are difficult negotiations with the chinese government. cheryl: taking a look at shares of microsoft, slightly higher, more than half a percent in the premarket. well, u.s. banks reported nearly 25,000 suspected cases of elder financial abuse to the treasury department last year, that is a record, up 12% from 2017 and more than double the amount from five years ago.
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one trick that is played on older folks, it's known as the grandchild scam. somebody pretends to be their grandchild in need of money. the number of cases are expected to rise as more people become senior citizens. then there is this. if you are hiding a bank account or credit card from your spouse, your partner, just join the club. credit cards.com say 29 million americans do exactly that. a company survey shows 19% of people in a live-in relationship havhave a secret account and millennials are twice as likely as older generations to hide their account from their serious romantic partner. the survey didn't mention motives. where's the trust? not sure what to say. maria: that's unbelievable. that grand kid scam just happened to my mother. she didn't fall for it. this is real. this is real. someone called her up and said grandma, i need $30,000.
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she didn't fall for it. beware. so happy you highlighted. cheryl: of course. maria: take a quick break. then the biggest concern for americans, fox news poll showing that healthcare the top issue for voters. i'll discuss that with one of the healthcare industry's leading figures and leading institutions. then a warning to parents everywhere. watch. ♪ baby shark doo doo doo doo doo. ♪ baby shark doo doo doo doo doo. ♪ baby shark doo doo doo doo doo. ♪ baby shark. maria: yes, the hit children's song, baby shark, teams up with the streaming netflix. details coming up. back in a moment, right here. ♪ baby shark doo doo doo doo doo. ♪ baby shark doo doo doo doo doo. ♪ baby shark. did you know with vanishing deductible, you can earn $100 off your deductible for every year of safe driving?
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sing that. ♪ vanishing deductible, you can... ♪ ♪ earn $100... ♪ earn $100 off... ♪ off your deductible. ♪ deductible. ♪ for every year of safe driving. ♪ ♪ for every-- for every-- ♪ ♪ for every year of safe driving. ♪ what are you-- what key are you in? "e." no, no, go to "g." "g" will be too high. not for me. ♪ vanishing deductible. oh, gosh. sweet, sweet. (vo) ♪ here's a question. was it necessary to create a luxury car more teched out than silicon valley? with a cockpit fit for aspaceship. hang on. radar that senses things the human eye can't. busted. and the ability to make a thousand decisions before you even make one. was all this, really necessary? what do you think? ♪
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we are coming to you live from the world economic forum here in davos, switzerland. healthcare one of the focuses. a new fox poll this week, 8 a 5f americans say they are extremely or very concerned about the price of healthcare. it is a global issue. joining me right now is dr. brian donely. good to see you. thank you for joining us. we talk so much about the price of healthcare in the u.s. this is also an issue in europe and where you are in london. >> that's exactly right. i think especially this week, highlights that every country is struggling with the cost of healthcare and how they deliver quality healthcare for the citizens of their country. maria: how do you do it? the healthcare industry feeling the pressure from the administration, the bring britas announcement to leave the european union, what are the ripple effects? you've got nurse shortages, doctors considering leaving over a funding debate, limited
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medication access. how much are these concerns for you? >> we made the decision to enter london, cleveland clinic did, before the referendum, before the vote. we did it because it's a great healthcare community in london. they have great research, great education. we wanted to come and join a group that is innovative and that we can be a better organization and learn. we feel confident that no matter what the outcome from brexit is, that this will continue to be a great healthcare community so we are fully as excited as we were before and continue to be mf maria: you're full speed ahead. you have the hospital opening in just over two years. this is a 185 bed private healthcare facility near buckingham palace. tell us your plans. >> our plans there, what we want to do is bring the best of what we do in cleveland but we want to integrate and be a part of the u.k. healthcare market. we want to bring the best of what the u.k. does, integrate with the before of what we do that will form cleveland clinic
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london. it will allow us to learn and be a better organization for what we exist for, and that's to deliver clinical excellence for the patients that trust us with their lives. maria: we feature the cleveland clinic on this program a lot. i know the excellence of the clinic. cardiac has been among your expertises. is that going to be a specialty in london as well? and what else? >> yes, so cardiac will be an excellence. we're proud of what we accomplished, the number one heart sender for the last 2 -- center for the last 24 years in the united states. we'll bring that expertise to london p. we'll focus on orthopedics. maria: you're an orthopedic surgeon. >> i am. we'll focus on digestive diseases and neurosciences. maria: as we were talking during the break, we mapped the genome 25 years ago, the cost of getting your genome now has come all the way down and because we mapped the genome 25 years ago we understood better smoking causes cancer, poor eating causes heart disease, et cetera. we all started changing behavior. we haven't learned enough about
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the mind, about the brain, in terms of alzheimer's, so many other mental illnesses. where do you think we are? >> i think you're exactly right. i think in many ways we accomplished a lot but almost the more you accomplish is the more you learn that you need to discover more. i think we're at the very infancy from a neuroscience standpoint. that's what's nice about coming to london. there's great research there also. this won't just be healthcare providers that uncrack this. this will be a collaboration of many people, including industry, for us to make a breakthrough ken fraser, ceo of merck, told me if you live until you're 85 and of course we all want to live a long life, there's a one in six chance you get alzheimer's. >> it's frightening. maria: it is. this is having an impact on our lives, obviously, but there's an economic impact. >> there's a tremendous economic impact. we exist to better serve our patients better outcomes. the economics are important. as we do this with better quality, better diagnosis, it
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can save money that can be used for other areas in healthcare. so i think the economics are very important to pay attention to. maria: no cure yet. >> not at this point. maria: dr. brian donely, great to have you on the program. >> thank you very much. maria: good luck with the plans in london. we'll be watching. >> thank you. maria: coming up, 2019ipos to watch, a number of companies expected to go public this year, my conversation with the president of nasdaq and ceo, audi thana freedman is coming up next. hineheinz has a new a take on is famous condiment in time for valentine's day. that story up next. ♪ rumor has it. ♪ rumor has. it. ♪ rumor has it. to make you everybody else... ♪ ♪ means to fight the hardest battle, which any human being can fight and never stop. does this sound dismal?
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announcer: here again is maria bartiromo, with a special edition of "mornings with maria" live from davos, switzerland at the world economic forum. maria: welcome back. good friday morning everybody.
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thanks so much for joining us live from switzerland. it is friday, january 25th. your top stories right now. it is day 35 of the partial government shutdown. furloughed workers are missing their second paycheck under the longest shutdown in u.s. history. two bills were defeated in the senate yesterday. futures indicate a gain at the start of trading to the tune of 160 points, s&p 500 up 18 and the nasdaq up 62 and-a-half points as people wonder if the federal reserve will have to stop the unwind of the balance sheet in addition to fewer rate hikes in 2019. a relatively flat day yesterday on wall street for the major indices. take a look at the close with the dow jones industrial average was down 22 points, the s&p 500 was up 3 and the nasdaq is up 47 points. in europe, a firmer tone there as well. the major indices are higher across the board, fq100 up 8 points, the cac in paris is up 41, almost 1% and the dax index
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up 160 points, 1.5% higher in germany. asian markets higher overnight across the board. take a look. best performer in hong kong, up 1 2/3%. the future of artificial intelligence, i interviewed humanoid bot pepper who is designed to read emotions and even chat. >> "mornings with maria" on the fox business network for the smartest conversation in the morning. maria: she's a smarty pants. a closer look at a.i. coming up this morning. then from the billboard 100 to netflix, the baby shark phenomenon growing even more. details on baby shark's deal with the streaming giant. plus a condiment for your valentines, with ketchup caviar. we'll talk about it coming up. the top story this half hour, fears over an economic slowdown weighing on investors around the
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world. i sat down with nasdaq president an ceo adena friedman yesterday on got her take on markets and growth. >> nasdaq's business is doing quite well. we reported through three quarters of 2018 and we've seen really great growth across all as expects of our business. our technology business, our fastest growing business, we've seen continued really strong demand from new markets as well as from our current clients who really want our next generation technology. so that business has had 10% growth through the first three quarters. our data and index business has had really strong growth in terms of demand for data and our index performance. in materials of ipos, we had 186ipos in 2018 and even with that, the listing applications on file right now are 35% higher than they were at this time last year. so we're definitely seeing a lot of companies want to come to market and so i would say that -- then our trading business, because of the markets and how much they moved last year, we had very strong performance
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across our trading business as well. maria: i saw the volume was really strong the last couple months. what about that in terms of the ipos. i was surprised to see so many ipos resilient in the face of what start todd be a rocky end of year. do you think we'll see the ipo calendar stay as strong as it looks right now 2019 despite the volatility? >> i would say this. successful companies and strong companies can come to market and can find investors who are ready to take the risk on them. that's what you saw in q4. even with the market volatility, we had great companies come to market and get access to investors. maria: what are the big names, uber obviously, lyft, pinterest. are you expecting some of those? >> we don't talk about specific names. we talked to a lot of companies, whether the largest companies or even small entrepreneurs or innovators. they're having the right conversations. for them, it's a matter of having the government open, ready to approve their applications and then obviously having a receptive market.
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maria: what has the volatility in markets, how that's impacted your business? >> in terms of volatility in the fourth quarter and as we've seen it's not quite as -- we haven't seen as much volatility in january. certainly it definitely helps the trading business many you want to make sure it doesn't persist because of the fact that then it starts to impact confidence and impacts the investor sentiment on taking risk in the market. i would say that we've seen definitely -- it's calming down a bit as we get into 2019. i think people understand that there is always going to be -- there's going to be a divergence of view as to economic outlook right now. we're seeing the investors are being more sanguine in terms of the market. ipos, it's been a slow start, not because of the volatility. they want to be out there in market right now. it's that the s.e.c. is not open. maria: the government shutdown has had an impact in that regard. any other impact? >> as nasdaq, no.
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our clients, there's been other impacts of the government shutdown. maria: let me ask about the regulatory environment. what do you want to see out of regulation in terms of when we do see the government open again? regulatory changes, because i know that you and other exchanges have made-been vocal in terms of some of the stranglehold in terms of the regulatory environment. what do you want to see changed. >> our biggest push in the government is to look at the reforming the proxy advisory firms. they make very important recommendations on governance matters and have an incredible influence on investor behavior. they have no regulatory oversight. we're pushing hard to create an environment where companies have a better voice in terms of how governance matters are voted on what recommendations are made, making sure the information they're using is accurate and complete and making the recommendations. that is definitely job number one. the second thing that we're focused on is short sale disclosure, making sure companies have an understanding of not only who is buying their
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stock but also who is shorting their stock over time. it gives them information to be able to go out and have more productive relationships with their investors. maria: the first point is, it's not a fair playing field. >> it's really challenging. it adds to the challenge of being a public company. we want more companies to go public. i think you're seeing in congress and the s.e.c. there's a common interest in having more companies go public. the solutions are actually we're starting to see bipartisan support for some of the initiatives that are clear as you said. it's just not a level playing field right now. maria: for a long time, china was really the jewel in terms of the major exchanges in the u.s. there were a o a lot of chinese ipos. has that slowed down? >> last year, we had i think it was 20 ipos from china come to nasdaq last year. we had some very large companies that came to nasdaq. so even with some of the tension we're seeing with china, the chinese companies understand that the u.s. environment is
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what great place to raise capital. the deepest and the most liquid markets in the world. and they want to have u.s. investors in their stock. maria: where will the growth come from at nasdaq in the year ahead and the next three years? >> we continue to see strong signals across all of our businesses in terms of demand for our data, our index performance as well as our technology performance. it's always hard to know how the ipo environment is going to play out throughout the year. but right now as i mentioned, we have a very strong pipeline and trading continues to be very strong but of course, again, that's a little bit less predictable. maria: the data has probably become one of the most important growth engines for the company right now. >.>> our highest growth business is our technology business. our biggest business is the data and index business. the environment, the economic signals continue to be strong and it's just a matter of whether or not that shows up as we go through the year. companies still see a really strong business environment right now. maria: the whole gloom and doom is a little overdone? >> i'm an eternal optimist.
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right now it feels like 2019 is off to a pretty good start. maria: my thanks to adena friedman, president and ceo at nasdaq. coming up, massive sinkhole in california to tell you about, details on the earthquake-like event. and a warning to parents everywhere. ♪ baby shark doo doo doo doo doo. ♪ baby shark doo doo doo doo doo. ♪ baby shark doo doo doo doo doo. ♪ baby shark. maria: the hit children's song baby shark teams up with the streaming giant netflix, details coming up, right here. ♪ here's to the farmer that plants the field in the spring that turn from green to that harvest. ♪ one up for the banker downtown that got him on his feet. ♪ [friend] i've never seen that before. ♪
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♪ i have... ♪
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♪(piano music) jessica! we need to leave. right now! i need to get something. (boy): dance recitals are so boring. ♪there's a me no one knows ♪waiting to be set free so, what's the empty suitcase for? the grand prize trophy duh ♪i was born to be somebody
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maria: welcome back. there is a giant sinkhole opening up in california. cheryl casone on headlines now in new york. cheryl. cheryl: the pictures having else, maria. take a look at this. the ground collapsed between two condominium buildings, this is in southern california. hole is about 80 feet long, 20 feet wide. officials say it appears an underground flood channel collapsed. luckily, nobody was hurt. it is something else to look at. well, the creators of baby shark are soon going to have a new way to entertain kids and annoy parents. ♪ baby shark doo doo doo doo doo. ♪ baby shark doo doo doo doo doo. ♪ baby shark doo doo doo doo doo. ♪ baby shark.
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cheryl: yes, maria, to the joy of parents everywhere, baby shark has dominated youtube more than 2 billion views. it made the billboard 100 chart. soon it will be on your tv. pinkfong plans to release supposedly short videos on netflix, a musical will debut at some point in north america. and finally there is this. heinz is trying to turn ketchup into something fancy. they have created ketchup caviar, just in time for valentine's day. it's ketchup shaped like caviar. there are no fish eggs, thank god. you can put it on your steak without drawing obnoxious stares from your friend. they're giving away 150 of them via twitter. back to baby shark. maria: it's not caviar at all.
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cheryl: no, no, who doesn't want that for valentine's day? maria: what do you think, dagen? l valentine's day gift. dagen: it's molecular g a astronomy. they use science for those little balls. i love baby shark. instead, i've been watching the documentary about ted bundy because i'm a freak. maria: you find good shows on netflix. dagen: i'm telling you watch "you" with penn badgely and then watch ted bundy. the ted bundy thing is really creepy. maria: thank you. good ideas. i will check it out. we're going to take a break. when we come back, we're talking brains interacting with robots. the future of artificial intelligence. >> watch "mornings with maria" on the fox business network for the smartest conversation in the morning. maria: the smartest
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conversation in the morning, more of my conversation with pepper the robot and the importance of a.i. stay with us. ♪ you can't always get what you want. ♪ you can't always get what you want. ♪ you can't always -- uh uh - i'm the one who delivers the news around here. ♪ liberty mutual has just announced that they can customize your car insurance so that you only pay for what you need. this is phoebe buckley, on location. uh... thanks, phoebe. ♪ only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪
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maria: we are back. we're coming to you line this week from the world economic forum in davos, switzerland. one of the hot topics in davos is artificial intelligence. hcl technologies has been working on a.i. products that can help you with everything from shopping to healthcare. i met with a robot named pepper. it is designed to recognize people, read emotion, help you interface and chat. i had a chance to interview pepper and found out she's
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pretty smart. >> hello, pepper? how are you doing today? what's your favorite show? >> watch "mornings with maria" on the fox business network for the smartest conversation in the morning. maria: you are smart. what job do you want? >> maria, i would like your job monday. what do you think? maria: well, maybe one day. not today. how are the markets doing? >> maria, they have been volatile. maria: it's true, they have been volatile. but better this year than last year. okay, pepper, let me ask you this. what's your super bowl prediction? >> someone once tweeted never bet against bob croft, bill belichick or tom brady. maria: that's true. let's dance, pepper. ♪ make you feel like a room
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without a roof. ♪ because i'm happy. ♪ come along if you feel like happiness is the truth. ♪ because i'm happy. ♪ come along if you know what happiness is to you. ♪ because i'm happy. ♪ clap along if you feel like that's what you want to do. maria: thank you, pepper. [ laughter ] maria: at the hcl experience here in davos, they also were displaying a device that could help pregnant women, it alerts if you're experiencing early contractions. technology helping around the world. a.i. is here. it is changing the world and how we live and work. dagen mcdowell, what do you think. dagen: i think you have much better dance moves than pepper does. [ laughter ] dagen: i think we need to do more dancing on this program, robot or not. maria: yes, we do. dagen: i think it just displays what the future looks like in terms of technology.
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artificial intelligence and robotics. >> if i can say, though, i have human friends and i'm often very delighted that they don't remember everything i ever said. [ laughter ] >> certain limitations to the artificial know everything. maria: hcl says by 2030 robots and brains will work as one and they will be working together on a number of things, the ability to perceive emotions through face and voice analysis, multiple use case scenarios being explored by some of the top brands. you can ask the robot questions. it's moving fast. and it is certainly moving in that direction. whether you like it or not, heather. >> yeah. no, i'm sure that we'll largely like it but it's just -- there are advantages to human beings at this point still. maria: that's the truth. dagen: one thing i'll add. you asked a lot of your guests this this week in davos.
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are we as a nation and a world training individuals who are on jobs now where artificial intelligence and robotics will take a greater role in those very jobs, are we training those individuals to work in that environment? are we prepared for it? and a lot of -- that remains to be seen. maria: no, i don't think we are. i mean, i go back to education. it's amazing to me that all of the fighting going on on the right and the left and we don't have enough conversation about just that, about skills training, about education, about educating our workforce so that they could actually thrive in this new normal, this new era that is certainly moving forward and that is including a.i. and robotics. we've got to make sure our workforce understands what's happening. it will replace humans in some jobs. 100%. there will be more jobs and different jobs but no doubt robotics will replace some jobs. it's scare youly.
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dagen: it is, absolutely. maria: take a short break. when we come back, answering his critics, facebook's ceo speaking of technology, mark zuckerberg is defending his company in a new op ed this morning. the story next hour, right here, "mornings with maria." stay with us. ♪ i will hold on hope. ♪ and i will let you choke on the noose around your neck. ♪ and all the strength and pain. ♪
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♪i'd lie for you ♪walk the wire for you ♪yeah, i'd die for you ♪you know it's true ♪everything i do ♪i do it for you announcer: live from davos, switzerland at world economic forum maria bartiromo with apple special edition of mornings "mornings with maria". >> thanks for joining us. i'm maria bartiromo, coming live from switzerland friday, january 25th top stories right now just before 8:00 a.m. on the east coast, shutdown showdown, day 35 now two senate bills failed yesterday
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lawmakers are back at the table president trump weighing in on stillstalemate calling foy for that border wall. >> one of the ideas suggested they open it pay sort of a prorated down payment for the wall which i think people agree that you need. maria: very latest federal employees missing second paycheck. on this payday, making his case mark zuckerberg defending the company created in a "the wall street journal" op-ed this morning what he said about the company data practices. coming up, then elizabeth warren, the senator's tax plan lit the rich proposing annual wealth tax details as she makes 2020 push. >> plus intel under pressure this morning stock down, after fourth quarter missed expectations company and i go weak intel shares down almost 7% right now rest of the market positive take a look at futures a higher opening for the broader averages, we are about near highs of the
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morning right now up 176 points, three quarters of a percent, the s&p 5 hun up 19 points three quarters of a% nasdaq up 67 better than % investors watching from "the wall street journal" saying the fed is considering an earlier end to the runoff of bond portfolio than expected we have been talking about bond he o portfolio perhaps fed being forced to not sell the number of securities, that it initially had planned we get into that coming up, after muted day yesterday wall street stocks, flat basically at close dow industrials down 22 points s&p up 3 nasdaq up 47. global markets this morning are higher, european indices higher across the board with the ft 1 hun up a fraction nine points the cac quarante in paris up 47 one per kroept dax in germany up 166 that is 1/2%, in asia this morning gains across the board overnight take a look, that best was hong kong hang seng up one and two-thirds percent those coming up this morning joining me from new york, fox
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business network dagen mcdowell, and independent women's ceo heather hagen i am so glad you brought up that piece in the journal about unwindy fed balance sheet it is important, and i do think that is one of the reasons we are looking at a rally. dagen: absolutely this has a been one of the things that i feel like federal reserve kind of ignored the worry and concern about the balance sheet unwindy for a very long time until the market finally told them in terms of of the stress that you saw, in fixed income in the credit markets toward the end of the year as they were drawing this money out of the financial system so the balance sheet right now, is down from 4 1/2 trillion it is about four trillion dollars maybe a little bit less than that, so there is a range that the federal reserve announced when it started reducing this balance sheet he portfolio of securities, of treasurys the like one half trillion to three trillion the end point it could be higher than three
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trillion they are trying to decide and kind of lay out a course. for this. but, again, they will probably stop at a level that is higher than expectations. and that would mean -- well it would give the market some solace would are concerned about the impact of this drawdown on the financial markets and on the liquidity that is out there. >> and again as we have been saying, the unwind of the balance sheet is another -- another version of tightening. dagen: right. >> federal reserve whether it raises interest rates or unwinds that balance sheet that is tightening, so the markets do to the want to see that, given the fact that this global slowdown is on the horizon and we are looking at much lower profit growth numbers in '19 than in '18 reaction in journal, we did hear the same commentary from ray dalio that when he joined us, he basically said the fed is not going to be able to raise rates may very well not
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be able to unwind balance sheet, so glad that -- lettered us to that alerted us as well, about markets top story that is the shutdown, now entering day 35, furloughed government workers missed second paycheck today, blake burman at the white house this morning with more on that, blake good morning to you. reporter: moora good morning to you as well you are right day 35 of government shutdown and here we are essentially, back to the drawing board for the president his administration after president trump proposal failed on senate floor yesterday would have given, some protection, to some immigrants in exchange for p 5.7 billion dollars, in border wall funding received two fewer votes than nats plan didn't call for wall funding would have oh, my god the government a few weeks that, too failed on the senate interior, the white house now says the president would be open to a short-term fix, if it included a down payment on the wall. the president asked yesterday if he would support a are negotiated compromise is
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between mitch mcconnell and chuck schumer. >> against what agreement is i meanee but if they come to a reasonable agreement i would support it yes. >> no wall money -- >> look, look. i have alternatives if i have to i will use alternatives if i have to. >> other alternatives raistsdz the question as to whether or not the president now is more inclined to potentially declare a national energy on the soirn border, this morning, rough 8 hun,000 federal workers are missing a second consecutive paycheck democrats in washington yesterday seized on comments made by commerce secretary wilbur ross said he doesn't understand why furloughed workers would need food banks, and suggested that they take out loans. >> our -- secretary ross made his statement. white house economic advisory larry kudlow doubled down on this administration let them eat cake attitude saying the shutdown was just a glitch.
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just a glitch? maybe to you it is a glitch. but it is a paycheck. . reporter: day 35 of shutdown, it is possible that we see some action up on capitol hill in the senate today but if there is no resolution this will headed into day 3-day 37, over the weekend as we head into this i believe now, 6th weekend, of a partial government shutdown. maria: wow, blake thank you blake burman at the white house joining me to talk more about that, is arizona congressman house committee on oversight government reform member congressman good to have you on program thanks very much for joining us a what is the answer here? >> well the answer is i think the president has at his disposal the ability to move money to build some infrastructureive been one of the people actually sounding off on this he can rearrange
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some armyy corps of engineers to do that, taking on drug interdictions building wall with correspond dozen i think time the president actual used that statutory relief not emergen declaration but parse he has. >> 43% americans in favor of border wall increase from september 2018 you spent two days at tuson sector. border tell us what you found there, and what -- can you how kau characterize the sayings day in terms of borders. >> from tucson sector to new mexico, it is rough terrain open terrain north south corridors so few border patrol agents that have ability is to interdict in this scare drug cartels very smart send a
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small group ut loois resources arizona a site 40% drugs coming into this country, here win new one fentanyl no protections very few particles will actually kill. >> you we know there is a border wall in nancy pelosi's state, the wall that separates tijuana from san diego. we've got three mill people one side in tijuana another three mill on the other side in san diego, we know that they have voted for a border wall is this all just politics? and how can all you know all of congress and the president sit there and play games, while we are looking at this get worse and potentially impact economy two paychecks 8 hun,000 people are missing. >> absolutely, i mean, this is an emergency, we have -- that dynamics have changed, because we have nt upheld laws we see
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more family units, 50% increase in a number of famiuni in this country unaccompanied minors. >> who is the adult in the room? i mean who is going to be the adult in the room get this -- yeah? >> i think maria that is why i point to the president statutory anlt to move this around president obama did this with daca had no authorization the president has 2006 authorization on the fence -- fence act. >> have i spoken to the president about that? >> we've said it over and over again, we have he has that ability time to use it. >> okay let me ask you this, congressman because, the left is coming out with significant proposals in terms of changing the tax landscape after right, of course, came out with tax cut plan presidential candidate senator elizabeth war even now is proposing ultra wealthy tax as part of 2020 bid, this includes a 2%
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tax own those making above 50 million dollars a year additional 1% tax for billionaires white house national economic counsel director larry kudlow responded to proposal last night on fox business on lu dobbs tonight watch this. >> let's think a all rich people con figures kate wooelt people earned destroy private sector incentives market-based reform everybody is equal nobody has money nobody has money except dictator and attorney general this stuff has been tried, for all these hundred years never works makes the country poorer. maria: so what do you think, are these going to materialize efforts -- >> no american people see through this. we have to have a conversation, educational plan there is teach kids you know where socialism doesn't work you learn out of everybody else's money a crude situation in venezuela showing you this
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you know this isn't new, this is a rerun that never works, i mean -- you know, it is sad that -- >> i want to point out this idea from elizabeth warren is 50 million dollars in assets not 50 million dollars in earnings it is 50 million dollars in assets so you may have worked your entire lifetime in terms of creating wealth, you know, buying real estate, having a stock portfolio whatever as well as your earnings have been luck enough to amass, 50 million dollars in assets that is what this tax is, so this is a little different than aoc alexandria ocasio-cortez's plans for 70% tax rate for the highest are ine earners. >> epitome of tribalism trying to make sure everybody is being created equal cap lift i think market has been most philanthropic the world has known we had a conversation about people want to go come
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to this country do it illegally that draw making yourself better -- it is -- it is is what made this work. the rush to left is going to be overreach by the left, and the american people will soon see that. maria: congressman thanks very much for joining us this morning. >> thank you. maria: kro joining us from if arizona. coming up mark zuckerberg speaking out facebook chief defending his battled company in new op-ed in journal this morning what he is saying about the company practices, and then earnings alert colgate, big names reporting this morning breaking down numbers how it is impacting markets back in a moment right here, live. that was once our frontier. but today, a new frontier has risen. and this is the vehicle crafted to conquer it. introducing the first-of-its-kind
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maria: welcome back, facebook ceo zuckerberg defending company in new "the wall street journal" op-ed this morning, cheryl casone with details. cheryl: he wrote it in the "the wall street journal," by the way, on facebook page defended facebook business practices in this op-ed titled
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the facts about facebook. he wrote quote we don't sell people's data even though of an reported that we do in fact selling people's information to advertisers would be counter to our business interests would with reduce unique value of our service to advertisers writing "the wall street journal" for the first time. >> facebook as you can see higher in premarket up almost 1%, zuckerberg and wife are looking to help with the housing crisis in san francisco. they are joining other companies in the process in bay area that plans to raise 5 hundred million dollars o for affordable housing aims to help build at least 8,000 homes in 10 years, well there is this, federal reserve, is considering ending its efforts to reduce balance sheets, "the wall street journal" is reporting this morning officials are close to deciding they will carry a larger portfolio of treasury securities when they begin shrinking hold twogs years
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ago, of course, maria ray dalio brimming water associates about interest rates. >> you have you suggests recently you were on this two months ago you said federal reserve is not going to be able to raise interest rates you are right way before market understood that, do you think the fed won't be able to raise rates at all this year? >> i don't think they will be able to raise rates i don't think they should raise rates at all, and i think, that i am very glad that they learned, okay -- there was a change. and now. >> who said this. >> a pivot. and now we are in a situation where i think attuned to those issues. >> you are. cheryl: journal officials discussing how to communicate the complicatedish to public great unwindy or not back to you. maria: maybe call dagen mcdowell explained it will pretty well top of the show the fact that we may very well, see the fed pull back,
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and not unwind the amount of securities that it had planned, a short break when we come back technology global impact next on how the company is using technology to help under developed countries. >> russia relations sat down with ceo said president trump should stay tough on moscow. that's next. ♪ ♪ (buzzing) gather new insights, leave your data protected on-site, and put it all to work with ai. the ibm cloud. the cloud for smarter business.
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yoo key issue for emerging access to technology channeling i.c. bringing it he to region across the world i spoke with the ceo we started talking about the company growth and expansion. >> expansion into latin america in five new countries,
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in latin america, we have developed obviously new technologies that address day-to-day problems emerging markets face one new smartphone android based smartphone could plan free of charge to consumers subsidized by data plans and updates over three years customer could pay two dollars a month have access to a smartphone, unavailable just six months a year ago this is actually going to happen at the mobile world congress in february. >> congratulations big deal, now tell us about how it is alternating weigh saw apple have a problem are you seeing the demand you expected. >> we are seeing more demand right now the price point of what we are addressing to
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subsidize homes get people in digital inclusion financial remote area small feature phone has no access to banking content, infrastructure we are not providing a free phone -- allows this person to access financial services digital services less than $2 a month extremely affordable currently our book is actually full for the next two years with that you will as a result of this. >> a huge deal for people needing access to lending, access to banking activity. so tell us about what you are seeing in terms of of the population are they needing that? because many people they don't necessarily need a smartphone in regions, right they just need the banking and just need a pure phone with voice. >> exactly, and this is why we went with a watered-down version of android six, and because we tried to bring the cost down as much as possible when research we did, these
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customers what do they need simply apps, that can allow them to watch certain content, or to do payment or borrow, how do they borrow a lot of data on apps we can use to analyze customers data they actually use to score customers we can provide them we are doing that like a hundred, 2 hun dollars pay hospital bill tuition fees et cetera, working brilliantiantly 97% recovery rate knew expanded microlending part of the business to more countries the last year. >> that is right. bangladesh nepal saudi arabia. >> latin america. >> where is most growth right now. >> mobile finance minister seniors, pakistan some of the west african countries latin america, extremely hungry didn't expect it to be like this it is a luge growth market for us. >> so fascinating to see because sort of side steps the growth of a nation. what are you seeing in terms
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of implications as a result when people get that power in their pocket. >> it is -- it is is funny you mentioned this i have this thing reaction this morning, from some panels i was on this morning, heads of state said how come we never heard about this why haven't you come to us we could help you also maybe regulation, with government grants, et cetera. so you now see governments want to actually get people on to the digital super highway maybe no idea didn't really will have that how to do it i think working with governments is actually another venue that would be exploring. >> my thanks joining us coming up uis about russia relations, the story is incredible, plus earnings alert big companies reporting this morning break down numbers tell you how impacting market expecting a big rally the start 6 trading this morning, first a special update from the tennis
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channel. >> welcome back to another tennis channel court report fox business i am andrew. the first champions crowned at 209 australian open in melbourne. >> home favorite, china took women's doubles titled straight sets win over defending champs, and bab as. >> first crown 13 years reaching doubles final. >> -- my partner thank you very much, it is a pleasure being with you we have, a great friendship, and i think really shows when we play support each other no 3459 about what win a point lose a point doesn't matter we are always there, and, thank you so much, for being my partner this week. >> don't forget tennis channel live coverage from down under continues friday, 8:00 pm
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again maria bartiromo with apple special edition of "mornings with maria" live from davos, switzerland at the world economic forum. >> good friday morning. welcome back i am maria bartiromo. friday, january 25 happy friday markets rallying this morning expecting higher opening for broader averages dow jones industrial average up 196 points s&p up 20 points nasdaq, up 71 this is jpmorgan cutting first quarter gdp forecast for united states due to government shutdown, they are raising the second quarter estimates however, european indices right now also higher take a look, also speculation that ecb is not able to raise rates, this year either. we know that they held steady yesterday european indices higher across the board cac quarante um better than 1% dax in germany up one and two-thirds percent 183 points higher asian markets higher as you see best was hong kong,
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korea. top story this half an hour watching earnings, big names reporting fourth quarter numbers, colgate among others gerri willis on the floor of the new york stock exchange a mixed picture, intel bad starbucks good. >> col goit very good beating top and bottom line coming in 74 cents a shaesh revenue 3.81 billion forecasting bad 2019 because of higher raw material prices global economic uncertainty he o slowing did he manned for data center chips big story there china disappointing you see numbers rid of on revenue beat earnings starbucks higher on revenue and eps double beat the for them focus on their core business, maria, back to you. maria: all right gerri thank you so much gerri willis floor of nyse russia social media accusations out against russia for using social media to exert influence i hoke with
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hermitage capital ceo a createdic of russia and vladimir putin vrt being single biggest investor in russia talk russia putin using social media to deepen divisions across the world. >> putin got a problem the russia can never rise to level of the west so what he is trying to do is bring the level the level of the west down to russia. and is doing that by taking all sorts of issues all sorts of countries, aexacerbateing them in france tried to health care macron election in facebook, twitter so forth the purpose inexpensive allows him to achieve about pb big results getting everybody angry at everybody sitting there laughing. >> the richest man in the world going around doing terrible things killing people different countries killing his own people in his own country getting away with it. >> you think the richest man
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in the world he takes stakes inferring. >> basically, he is not like a normal head of state he is what i call "klepto"crat stealing from stated rich people to become richest man in russia you can't be rich in russia unless putin is your partner. >> go through what your ordeal has been like because one point you were the single largest investors in russia an activist investor wanted honesty an end to the corruption, in you russian companies speaking out the got to the border moscow said you are not coming in go back. >> correct, and so that was the -- beginning of my troubles then troubles then about exacerbated exponentially police raided my offices i had lawyer investigating what was going on discovered offices unified to steal 230 million dollars taxes i paid to russian
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government from you russian government my lawyer figured this out he exposed it then arrested tortured 358 days, in russian prison and killed at the age of 37 on november 16, 2009. >> where fast forward we get to the magnitsky act. >> the magnitsky act named after certify guy magnitsky after russians killed him covered up his murder i went to u.s. congress convinced a democratic senator benjamin carden, republican senator john mccain to sponsor the magnitsky act imposes visa sanctions on russian human rights vie lateors. >> now law in united states europe is considering it. >> that was passed in 2012 but the perfect tool to go after bad guysss not just rush but everybody global magnitsky act the world living in you have people kleptocrats do terrible
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things you can frees assets they hate it like anything you can't a imagine biggest is eu if we get united states, and eu, to of this legislation, then bad guys are going to have a huge disincentive to the to go around torturing killing people. >> extraordinary story you are no long thereer a money manager you are 247 activist findinging wrongdoings and vladimir putin. >> indeed i am probably only example of hedge fund manager that came a human rights activist it is incredibly important the law that i am promoting, hard work because there is a lot of very cynical people out there who don't want it to happen a lot of people who business it hurts, in the end, the force of the good p have tended eventually to yoefrncome forces of evil. >> fast forward day russia arrested michigan began on spying allegation. >> utter nonsense i looked into background of this guy he is not got background of a spy
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he is dishonorably discharged from where means quirky things in his background u.s. would never have a person spying wasn't under diplomatic cover why set him up? because they need some leverage for a swap, who do they want to swap for they want to swap for a woman named maria, who is the redhead person arrested by russians woman yurtd by mueller, putin doesn't want her talking about whatever she was up to want to create a counter leverage yes, sirred an american try to have a swap. >> why all russian interest in 2016 election then set up, having russians go and call donald trump, jr., set up this meeting, they just all over it. >> vladimir putin is determined to wreck the world. and doing everything possible not just united states yes russians a all over u.s. all
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over next u.s. elections all over brexit. >> doing this for decades i remember when i first went to russia 15 years ago told don't bring blackberry as soon as you get in russian airspace they have access to all stuff i didn't as a result because they spy on he foreigners. >> spy on foreigners 1350i on themselves living in a world of technology where -- nobody kind of knows where it stops where it starts who has access to what, so and that is their perfect world so they could never stand up to us militarilirun defense budget 9 -- 90% less than u.s. budget economy the size of economy of new york, all they can do cheated ether of internet nobody really knows who is there about plausible deniability where they operate, this way claep cheap to do it doesn't cost a lot of to make trouble for everybody.
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>> why is germany paying russia for energy pipeline president has brought this up in terms of nato the situation, that you know they are not paying fair share 234e78 of defense spending nato germany giving billions to russia for energy. >> it is worse than that, so there is a pipeline, for out of russia through ukraine other countries to europe where people need russian impasse got russian gas the russians said you know we are a second pipeline straight to germany, other countries that cause problems, and -- inexplicably joermz said yeah have a pipeline the pipeline in germany it makes germans more dependent on russian gas so what is going to happen next time russia invades another country? every one up in arms we should do something about russians germans raise hands say we can't do that we are dependent on russian gas. >> turn off spigot.
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>> the germans don't seem to get it. >> i asked nato general secretary about it why isn't germany buying energy from united states largest producer in the world. >> or anybody else. >> anybody else. >> but not russians. >> how do you want president trump to deal with this. >> should be tough as hell on putin russia the only way going to deal with putin not gamgdz with him it is containing him -- the old days in soviet somedays statement strategy to contain communism from spreading we have a world putin is not a communist he is a criminal mafia boss contain criminality what he is up to -- >> do you think he will be held about accountable. >> putin everybody ultimately pays price with a have they do i am sure one day going to come terribly badly for vladimir putin. >> you've got to be afraid walking around, you are an enemy of russia they know you are out and about, talking about putin, you know, unveiling their secrets and
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some of their wrongdoing how do you do that. >> first of all, i don't live if fear i do it i do with head held high. >> good for you -- >> and i am not going to back down i am not going to back down because, in murdered my lawyer magnitsky covered up his murder my duty to him who died in my service, to a zpo after these people make sure she face justice. >> tell me about mueller investigation because also, fusion gps is also involved in all of this having that is the firm wrote dossier to spy on american citizen part of trump campaign. >> irony there is this guy, glenn simpson head of fusion gps in summer of 2016 he had been hired by russians government, play in the talia veselnitskaya went to trump tower to knowingly, to write a smear campaign report about me, and go to papers politicians knowingly lie
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about me, on behalf of the russians he did that the same time, as he was working on me trump dossier -- the guy can't be trusted for anything. >> thanks so much. >> thank you. >> coming up next, hitting the rich senator elizabeth warren proposing annual wealth tax as she makes 2020 push stuart varney has a thing or two to say about that back in a moment. ♪ pretty woman, don't walk on by, pretty woman don't make me cry, pretty woman ♪ ♪ then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible.
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maria: elizabeth warren to 20 vision includes a plan for additional tax on wealth americans joining me host of "varney & company" stuart varney to weigh in on this so one-upping aoc stu. >> i guess so won what senator warren is talking about a wealth tax not on high incomes a tax on higher accumulation of wealth specifically if you get 50 million dollars, every dollar above that this confiscation call it a tax but confiscation taking 2% if you got a billion dollars they take 3% on every extra dollar, they call it a tax but look frankly maria, this is confiscation. i didn't think that was allowed infer our constitution but evidently you can hide it
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people with real money will hide it some way the reason behind this is a dice-like of the decembislike of rich social by any other name if looking towards 2020 election hold on to your wallet socialism front and center. >> you spend your life working hard, accumulation wealth you are doing better and better you buy home you buy stocks you create a portfolio of stocks as well as home and you get to 50 million dollars, you will be forced to give it to the government. >> yes give any dollar over 50 million you give 2%. and on up from there do you think threshold is going to stay 50 million, it is always coming down do you really think if government will use that money better than you could see use it to invest it
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and create jobs build homes houses? of course, not just another money grab from the left. watch out, here it comes. >> i think one of the most important things there is the fact that that it will create people hiding wealth. >> you will do different structures look for easy structures legal in the tax code that you can hide wealth and say that you don't have 50 million in assets. >> just have to jump through hoops to somehow avoid it, and the end result will be much less economic activity and growth. that is the way it is going to be. >> unbelievable i know you have a lot more top of the show see you then "varney & company" begins top of the hour 9:00 a.m. eastern join stuart fabulous panel after "mornings with maria" biggest highlights from my week at world economic forum don't miss it stay with us. ♪ ♪ be my baby, baby ♪
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baby, be my be my baby ♪ alerts -- wouldn't you like one from the market when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today.
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fidelity. comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast.
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. >> one observation from this week here at world economic forum there were many, many more businesspeople than there are heads of state, so ultimately the conversation was largely economic, we love here on "mornings with maria," we had a big week top moments from the past week at the world economic forum. >> europe has a negative growth, and united states is going to have a negative growth i don't mean absolutely negative i mean slowing of growth in a material way that could be close to between zero and 2%, over the next 18 months but i think we can expect -- expect much greater polarity with that i think a
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market driving implement as moving ahead. >> confusion in environment is it slowdown are going into recession nothing we see is he has approached recession. >> inning stroer numbers in u.s. can he expedite shutdown looking at third quarter close to three a year of three, capital spend heing in industrial production last week suggested there is a lot of momentum going forward for the u.s., especially if we get government shutdown working outside what we're seeing the economy is slow a bit number was 4.2%. growth almost unheard of for a country our size. in the second quarter, then third quarter, we were 3.5%. >> i actually believe that we should be super impressed with the resiliency global economy in face of all these things gives me hope. >> ask you to to regulate my i i recommendation has been
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needs preassisting regulation you don't want doctor to kill whole body when treating one piece preassisting meaning we need for xhoor privacy, consent, opted in opt out data be able to move yourself where we need regulation. >> on liability. >> don't have same legal freedom that we do other countries we stick to guns there are certain principles we think important to stand up for, we will we will at times negotiate room and the negotiations are sometimes pretty darn direct i think more than ever, tech companies need to think about these things they need to be principled you have to have moral courage in my view if you are going to be in this business, and really take care of your customers. >> we are nato alliance -- from -- both atlantic political parties different history different culture some are neighbors some are not so there are differences, despite those differences for instance
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on this pipeline from russia we have always been able to -- around our core task protects defenses of other one for all and all for one. >> basically we've got a choice we can stay close to europe, to minimize economic damage falling out of the trading system we have been in for over four decades but if we do that obliged to stay bound by europe rules kind of point -- brexit why have you done it if we decide we are going to break free sf trading system set our rules you've got a painful period of economic adjustments, so this is the point that painful, the government -- >> we proud 20% of what we have in the ground gulf of mexico great for united states using new technologies image can see reservoirs easier found we think billion refers -- >> making growing faster
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focusing on reformulations innovation bring down sugar, deet coke to categories most recently into high end sports drinks in u.s. investing in -- in coffee business a whole series of he portfolio expansion around the world. >> waste issue has to be tackled we get that, its is not acceptable to have sustainable product like plastics lose that he sustainability when it becomes waste in the environment, so our mission is very clear we are going to stop the plastic waste going into the environment. >> my thanks to all great kwes this week coming up futures pointing to a higher opening this morning for stock prices investors reacting to the federal reserve, you heard it here first from bridgewater associates founder ray dalio back in a moment. ♪ ♪ when i -- ♪ ♪ ooh, baby here i am, signed
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sealed delivered i'm yours ♪ to be nobody but yourself in a world which is doing it's best to make you everybody else... ♪ ♪ means to fight the hardest battle, which any human being can fight and never stop. does this sound dismal? it isn't. ♪ ♪ it's the most wonderful life on earth. ♪ ♪
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>> welcome back futures pointing to gained a start of trading this morning dow industrials expected to be up better than 200 points right out of the gate comes after a story in wall street journal this morning saying that federal reserve is eyeing an earlier than expected end to the runoff of its bond portfolio i spoke to bridgewater associates director earlier this week about very is issue, and he said this on tuesday. >> and it is conceivable that if you were to take another year or so that they might need to ease, and that that might be through the balance sheet and then we deal with the question of europe. how does europe be ease when you have a negative interest rate are? and quantitative easing has limited -- as already done most of what quantitative easing can to and same applying to japan so i think that's the nature of the situation. >> dagen mcdowell you raised this earlier first and because
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markets are really reacting we talked this on panel as well on tuesday and my point to ray was look what i'm worried about is that the fed doesn't have much wiggle room we're still near zero% interest rates even though fed has raise ared a couple of times but there's not a lot of wig with l room only wiggle room you have given with rates is the balance sheet not too unwind balance sheet the way a lot of people expect. >> right so now, this is going to come up at the fed meeting next week for sure, and investors are going to be paying so close attention to anything that jay powell has to say on it but what point do you stop? balance sheet got up and up to 4 trillion with it allowing these securities to mature and roll off and not res investing proceeds. and maybe, because the range that fed talked about when they started doing this is a trillion and a half to 3 trillion. do they stop at say 3.5 trillion
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what does this balance sheet look like 6, 12 monthses from now? >> and -- forget before the financial crisis the balance sheet is at 750 billion is not going back there. to the company begins right now. stuart over it you. stuart: got it thanks maria good morning to you good morning everyone. let's put it like this. everyone is moving towards a deal except speaker pelosi. president trump is open to ending the shutdown in exchange for a wall down payment. senators mcconnell and schumer put their heads together in talks no details emerging but they talked. republican ares senators gave mike pence an earful they want it shutdown ended and urging deal as well with democrats there's a collective enough, except from speaker pelosi. kellyanne conway dubbed her doctor no. there is, in fact, some movement there's light at the end of the shutdown tunnel that's one of the factors that's continuing th

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