tv Mornings With Maria Bartiromo FOX Business February 21, 2019 6:00am-9:00am EST
♪ ♪ maria: all right, markets are higher, this is probable write near high of the morning, up 30 points for dow jones industrial average, and the nasdaq up 16 points. top story this hour is hq2 backlash, new york freshman congresswoman alexandria ocasio-cortez blasted this morning over amazon's decision not to build the second headquarters in new york city. the job creator's network unveiling billboard in times square, saying this, thanks for nothing aoc, 25,000 lost jobs, $4 billion in lost wages and $12 billion in lost economic activity, thanks for nothing, aoc. alexandria ocasio-cortez
responded in tweet, two things effectively communicate power in fighting dark money like billionaire funded groups blowing tons of cash on whack billboard, this one is funded by the mercers, the fact that it is in time squares, this is for or by new york others. commentary writer, your reaction to all of this? >> i mean, it's funny the way this has been going, she's been taking victory lap spiking the football making enemies from governor cuomo and mayor de blasio. i have like come out on the congresswoman's side because the deal was atrocious corporate refer, how do you strike the balance where you opposed something like states give everything away for a football stadium and try to court jobs.
i don't know if she's walking the fine line well, i agree with her that the deal was a bad one. maria: you don't think that new york should have been offering those incentives? >> they were giving everything that they could possibly give away and for return i don't think with what was promised. new york creates 93,000 jobs per year and amazon was promise to go bring 25 over 10-year period, 2500 jobs her year, on top of that cash of roughly 300 million to help amazon construct the site which new york city wasn't great place to start, high cost of living and frankly with municipal and state leaders who are not probusiness, it was bad disprison the start. maria: what happens now? newark, miami, west palm beach, even up state new york expressed interest, do you see a second headquarters happening in any of the cities?
>> it could. it depends, this is power play, they want to be woed and courted. she's not the only one, plenty of state lawmakers and municipal leaders who fought against this and she was representing her district which i would say through electing her we are sending message that they didn't want something like this, she's progressive socialist, they can court amazon, amazon wants to be treated, again, with special treatment and whoever wants to offer the biggest thing without amazon facing any criticism it'll go to -- whether miami wants to offer what new york offered. it'll be nice job growth and economic city, they go to a place that they offer whatever they can. maria: do you think we would
have seen job creation, 25,000 jobs in new york, do you believe that we would have seen job creation and surge in revenue? >> i would say yeah, amazon is a tech giant. it brings with itself a lot of money but because it's large and powerful gets to call the shots in this way and i still think it's funny that part of the deal involved 3 million cash grants to build the headquarters, amazon was getting everything it wanted. it would have brought jobs to new york as opposed to hiring new yorkers, but, then, prohibitively high cost of living that would have offset -- the benefit to having amazon there would be borne by the taxpayers that wouldn't be benefiting the same way that amazon was or would have. maria: much better situation in terms of having $15,000, it'll go a lot further in a city, in tennessee as opposed to new york.
>> right. maria: that's a good point on the cost of living, good to see you this morning. >> thank you. >> becket adams, youtube under fire, netflix, mcdonalds, disney, all major companies reporting advertising from the site, dagen mcdowell good morning to you, explain this one. dagen: good morning, maria bartiromo, those companies and many others, netflix, mcdonalds, epic games, fortnite suspending advertising on youtube this follows report documenting material on video service that sexually exploit children, this all started with a video vlogger that showed inappropriate user comments about videos that featured under-age girls including comments that identify precise with children appeared in compromising positions and the video vlogger said that recommendation was leading users
to similar content, well, outrage and action by the company was swift, youtube spokesperson telling wall street journal that the video site immediately responded after the individual intro were brought to its attention by disable lg comments that violate policies, deleting accounts and channels. the company's policies do prohibit content, it raises the question of why was this happening, why wasn't youtube which, again, is owned by google more active in stopping this. the executives also according to journal told ad buyers that the company will deliver a timeline in 24 hours outlighting new restrictions and product changes. this goes back to issue in 2017 where advertisers pulled ads because they were appearing along racist or extremist content, so where are the people at youtube? again, you have an individual that literally will ban somebody
from posting something that might be conservative, remember the banner ad, it was a banner on a fox business piece of video where it said, trump said witch hunt and that was like objectionable content. but, again, this goes on and it takes a video vlogger to alert youtube and all advertisers, kind of -- >> you have been saying for a long time, the companies need to start policing themselves. dagen: yeah, blame the algorithm, you need better algorithm. maria: somebody is programming the algorithm. >> yeah. maria: mark zuckerberg to meet with uk official who wants to regulate facebook, cheryl casone that angle. cheryl: good morning, maria, long-time cutting for the meeting, really, mark zuckerberg to schedule to meet with jeremy wright at facebook headquarters in california today. preparing a new regulatory
framework that would target facebook and other technology firms, zuckerberg has avoided multiple requests to testify in front of british parliamentary committee. the brits are heading to california. well, deutsche bank taking a $1.6 billion loss on bond bet over nearly decade. that's according to wall street journal since loss about 4 times larger than 2018 profit, the loss wasn't previously reported. the deal also involving warren buffet's berkshire hathaway. so far smolett has not surrendered to police.
producers are considering, maria, suspending him from the show. i don't think you saw the post cover this morning, i don't have it -- maria: i have it right here. cheryl: new york post, you can hold it out, this is like that's the story, yeah. there you go. it's fascinating what's happening with the actor. maria: mindbogglingly. cheryl: the links they did to concoction the scheme is incredible. maria: why, quick break, we have a big show this morning, outlining a deal, top u.s. and chinese meeting today, negotiators meeting in washington and reports say that the two sides are making commitments on the toughest issues on trade dispute, latest coming up. big money for bernie sanders, 2020 hopeful raising stunning amount of money in just the first day, wait till you hear the numbers next up right here.
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maria: welcome back, big program coming up this morning, coming up secretary of state mike pompeo live in the studio, don't miss it, former u.s. ambassador under bush 43, robert jordan is with us this morning, chairman and ceo of at&t, randal stevenson to talk about and delaware congresswoman lisa blunt rochester. don't miss a moment of it. big 3 hours, big money for bernie sanders, he's raised nearly $6 million within a 24-hour period as announcing his white house run, the money coming from more than 225,000 people far outpacing rivals, joining the conversation wall street journal assistant editorial page editor james freeman along former republican
presidential candidate steve forbes. great to see you this morning. incredible amount of money raised in the 24-hour period and talk about your op-ed on his plan, first let's talk about this, how is this possible that he's raised so much money in such a short period of time, your reaction? >> it just shows how far the democratic party has gone, wide appeal and reminds one of what lender nonsaid a 100 years ago, the capitalist sows the rope for which to hang them. whether you're a small giver or big giver, it'll destroy ability to earn good living. maria: incredible number of small givers guy they understand what he's selling? james, you wrote op-ed about bernie sanders. another bernie sanders tax hike, in it you wrote about sanders' role to raise payroll tax. >> he's raising money online, look at how much he wants to government to raise in taxes,
staggering amount and this is one of many bernie that are if he's elected as president, changing social security to collect a lot more tax revenue, 15 trillion over 75-year window, a number of taxes but the basic idea, social security used to be you pay in and theoretically it's a savings program and then after you're done working the government pays you out the benefits that you've earned. he wants to change that, big tax increases on hire income people with no benefits on return, straight redistribution to payroll tack. >> when you add up all of the taxes, it reminds what italy used to be once somebody added all taxes, exceeded the national income, that's what we are get to go here, when you destroy capital, you destroy economy, wealth is not created by printing press.
maria: it's mobile. dagen: i've said this repeatedly, the big liberal lie is somehow the top 1% or the very rich will pay for all of these programs that they're proposing, that is not the socialist state that you see in country after country in europe. it is the lower-income citizen, people in the middle class who are taxed above their eyeballs in myriad ways whether it's value added taxes, high-property taxes, high-social welfare taxes, just in france, for example, that's where the logic falls apart, i always point out that just medicare for all will cost $3.2 trillion every year, if you confiscated every cent of adjusted growth income reported by 1% you're still about a trillion dollars short. that's not enough money. >> they have the comic view of
wealth, remember those cartoons? [laughter] >> the money is just there ready for them to scoop up. they realize money in and of itself has no value. look at europe, in the last 10 years the average growth rate of the european union is 0.8%, that's from 2008 crisis, france, 25% unemployment among young people and in terms of medical care, when you have that kind of system, the only way they make it way is rationing, you just don't get it. maria: what gets to me is i don't think people understand policies and what they are going to mean, for example, medicare for all, i don't think people understand it, i don't think people understand his tax plan. >> they are getting to understand it and i don't think they don't like it, this is something we might want to request -- ask guests later. it has definitely moved left but on the issue do you want government run health care, not
that far left. you wouldn't know it from a lot of coverage but this is a controversial idea within the democratic party. >> that's why they have to call it medicare for all. you say government-run, people turn away from it, this is false advertising calling extension of medicare, you're doing away with private insurance. >> dagen: if i hear one more democrat when i say the bernie sanders' bill that's been backed by literally all of the democratic -- the democrats running for the -- candidates running for nomination, it does away with private insurance, it outlaws private insurance in the country, you're talking 150 to 180 million people who get insurance through their employers and they go, no, no, yeah, yeah, yeah. juan williams said no yesterday and that's why i kind of -- my head exploded. don't tell me no. i read it. i read it. maria: he's trying to say that it's a broad stroke, that's what he said at one point.
others are saying this is a value proposition which is what time ryan from ohio said to me. no, it may be a valued proposition but it's a socialist federal program. dagen: definition of socialism, it's a government takeover of our entire health insurance system and i don't know whether the -- the money argument, the financial argument will work on the campaign trail to push back against it but maybe -- but maybe you pull it -- the hard strings and talk to people who use their brains about do you want nancy pelosi, chuck schumer and elizabeth warren making decisions on what kind of medicare you get. >> $15,000 extra in taxes, you talk about the payroll tax, payroll tax 59%. just astounding. maria: it is. you wrote that bernie sanders wants to raise $15 trillion in taxes over 75 years. >> yeah, that's just one piece of it that dagen points out, it's not nearly enough to pay
for health care, he also wants to take a death tax to 77%, also will not nearly pay for the healthcare program which by the way, the whole premise he's going to get forced doctors to accept much less money than they do today. there's no guaranty they'll keep practicing medicine, the heck with it. move and open up clinic there. dagen: you know why healthcare costs might drop, because people will die while waiting. maria: what can you expect towards the weekend? we have forecast. breaking up hard to do, right, but easing the heartbreak is simpler with start-up app, yes, there's an app for that.
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maria: welcome back, a mayor storm dumping rain, ice across northwest and even parts of the south this morning, janice dean in the fox weather center, good morning, janice. janice: snowing? las vegas last night, incredible, on twitter it's wrecking the internet, it's crazy, you can see where it's cold in kansas city, denver, we will see snow as far south as tucson, arizona this weekend so we have the boundary along the front, that's where we will see heaviest rain in the weekend, and the area that brought the snow and ice is moving out, we will see steady rainfall and
flooding concerns. the soil is saturated, no place to go. across upper midwest we get another storm system bringing several inches of snow, i want to point out where we have flash flooding to louisiana and kentucky and everywhere in between, the other big story that would make head rines especially across the southwest, next winter storm that's making its way inland and bringing snow to portions of arizona and new mexico up towards las vegas, winter storm warnings in effect as far south as tucson, arizona where we will get upwards of 1 to 3 feet in higher elevations so this is a big deal, one that's going to make headlines, temperatures are way below average across the areas, so the fact that we are getting snow across the southwest is very significant and then across the northern plains and upper midwest where we expect snow this time of year, certainly watching that, i want to point out while it's cold for
two-thirds of the country, maria, we will have a heat wave in florida. maria: talk about extreme. janice: yes, absolutely. maria: thanks so much, janice dean on weather. the ride-sharing company to launch ipo, we will tell you when. taco bell's new way to snag a taco during run right after this. what if numbers tell only half the story? at t. rowe price, hundreds of our experts go beyond the numbers to examine investment opportunities firsthand. like a biotech firm that engineers a patient's own cells to fight cancer. this is strategic investing. because your investments deserve the full story.
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"g" will be too high. not for me. ♪ vanishing deductible. oh, gosh. sweet, sweet. maria: welcome back, good thursday morning, thanks for joining us, i'm maria bartiromo, thursday 21st, we are watching a possible china trade breakthrough this morning, u.s. and china outlining commitments on the toughest issues on the trade dispute, high-level talks set in washington today. not a major reaction so far. dow industrials is up 40 points, s&p 500 is up 3 and a half and nasdaq is up 19 points, quarter percent higher in nasdaq after modest gains, dow industrials up 43 points, s&p 50 was up 5 points and the nasdaq was up 2 points, fractional move there. in europe this morning, indices are mixed, ftse is down 34 points, almost half percent.
cac quarante is up 6 and dax in germany up 51 points, asian markets overnight, mixed, best performer with fractional move in hong kong up almost 1 half of 1%. details on the ride-share company lyft coming up this morning, making run for the border on the slope, taco bell unveils a new way to get their fix without taking up their sleeves. breaking up is heart to do, we will tell you about it, busy program right here so stay with us, we kick it off with top hour, future of federal reserve, minutes out yesterday, officials indicating that they are ready to stop shrinking the central bank's balance sheet this year but they were divide over whether to raise interest rates, senior vice president with fixed income bryce. >> thanks for having me. >> a lot of focus going into the
report that the fed would cast the narrowing of the balance sheet to 3 trillion, is that a positive for market? >> well, it's definitely a positive for markets because they see it as, you know, this is money that was being destroyed. that's what it means reducing the balance sheet and so that brings down the demand for all securities, bond, stocks and everything and brings down the price so obviously the markets are screaming, stop, stop doing this but it's kind of a conundrum that they find themselves in because the only way that they can bring down the access reserves and the banking system is by reducing their balance sheet and now they are stuck, there's $1.6 billion worth of excess reserves in the banking system where it's normally closer to 0, some people say we permanently need more access reserves but the issue is they are paying interest on excess reserves so it's expensive, expensive burden
on on the american people essentially. maria: what's your take in terms to have economy right now, for example, steve, i know that the federal reserve has done and indicated pivot that they will not be raising rates potentially one time this year, does the economy -- is the economy strong enough to warrant more in your view right now? >> well, if we get the trade deals which i think we will and looks like we will get them through congress because we have goodies for everybody, the economy going to be strong, it did not sink the economy, bryce is bringing up a good point. why in the world is federal reserve paying interests on reserve instead of urging banks to be lending out, that's why the recovery of 2008 were so -- and the fed continues to pay interest rate, it's bizarre, bryce, why are they continue to
go pay the interest rates. >> right, the average rate and savings deposit are less than a quarter percent and earning 2.4 in excess reserves, why would you make a loan, that's a huge spread on risk-free money, it comes to about $35 billion a year, that's 15 to 20% of all the banking profits for the year and now bring in next week where you have powell testifying in front of house financial service's committee led by maxine waters and you've got massive subsidy, reverse robin hood day. >> sounds like occasionally she might be right, makes them immobilize and freezes them effectively. >> they should be incentivize to land and not hard -- horde cash. >> they can do both.
>> right. i don't know why they didn't reduce the balance sheet first and then raise rates, now they are stuck where the markets are going to just, you know, panic again if they say that now we are going to get those reserves way, way down, maybe they will cut the rate that they are paying in excess returns in order to incentivize and start lending somemore. >> i wonder what you think of the economy as steve does i think it actually is going to be pretty good which means that, well, the fed is sort of adopted this doveish tone for the moment, i could see more rate hikes, i could see maybe revisiting the balance sheet as we get better growth than the fed expects, what are you expecting? >> in the minutes some of the things that they list as concern was government shutdown, another one was their own communication, other than that, a lot of the things were very, very positive, they say there's a little bit of concern about corporate earnings
and that's because margins are -- costs are going up. i see a classic cost push inflation start to leak into the system. so if we start to see inflation go up, if gdp comes up better than people think, i think the leading indicators this morning is going to be up. i think it's going to look better, you're right, we probably will see rate increase or two but i'm nervous about what that does to stock market. if powell comes out -- >> are you concerned on the price of gold from 1100 and change, does that indicate to -- >> that's the issue. when the fed becomes doveish there's a counterintuitive reaction, bond holders are like they are not tough on inflation anymore, it's time to buy gold. you have to be careful what you wish for some time.
maria: let me ask you, bries about china because we have a report this morning that says that the u.s. and china are beginning to outline an mou, mom o and forced transfer of technology, cyber theft, ip, the two sides holding high-level talks in washington and at the table lighthizer, steven mnuchin, chinese premier, how important is this deal for the markets and do you expect that we will actually see progress? >> yeah, i do, i think they're ready to kind of join the -- the modern world and -- and play with the big boys and girls and start to, they'll still do some cheating, i think they are ready to start having more fair trade and so they need to change and it's about time, there's not
that many modern economy that is have trade policies like theirs or that are artificially depressing currency, you know, i think they are more than ready for the next step, it's just -- it's just a matter of time, so we are not nearly as negative on trade as other people are. >> bryce, are you worried at all about section 232 on auto tariffs being applied everywhere in the world? where is that on the radar screen now? >> well, i think it's more rhetoric, you know, china has already reduced their tariffs on cars, germany loves that, more cars sold in china. >> tariffs on autos because they have that before them. >> they need to be able to look like they are going to, my personally, i think it's a bluff, i think if it looks like they're going to do that and tanks the market i'm a contrarian on that.
dagen: i would be cautious because if we get a china trade deal that sends message to president trump and wilbur ross and peter navarro that tariffs work and bring people to the table, if they get this through with china, do they move to auto tariffs, 25% was the number thrown out? maria: i don't know without the tariff threat if he would have gotten china to the table on some issues. >> that's exactly right, it does work, it does move the ball further down the field. maria: if it's a threat. >> it's painful. dagen: painful to americans too. >> after executives of huawei shut down company like zte, that would have gotten the message across. maria: that's true. >> do you think people are pretty much expecting a resolution now? >> i don't see rocket fuel but i also didn't see it as being that
disruptive as well but there will be good news on the trade front, we talked about one of the bad news items just now but i think there's still upside from trade. maria: all right whether he recollects -- we will leave it there. new details on ipo plans on lift, cheryl casone with the details, cheryl. cheryl: lyft reportedly planning to list shares on nasdaq next month. they submitted paperwork last year, lyft could be valued up to $25 billion, its rival uber to potentially price ipo as high as 120 billion, big difference there. all right, taco bell taking to the slopes to help celebrate return of crunch, the chain opening first fly-through, the
place to order, top of the hill, make your order, slide down and pick up food at the bottom of the hill, as cool as great as this sounds to be honest with you, there's a cruel unfair catch to the story, take-out is only going to be open for one day march second, 11:30 in the morning to 20:30, what about when you ski all day and you want taco bell, i'm just saying. new service to make it easier, onward is going to help you with all of the logistics for your break up that you don't want to deal with. packages range from $99 to 500, they do everything, help you pack, find new housing and they give you access to essential events to help newly single to stay busy, the founders say they had interest, it's only in new york right now, guys, they are planning to roll out at some point. it's hard to do. maria: app for everything.
maria: welcome back, headlines across america right now, east bay times takes a look at oakland teacher strike and what parents need to know, teachers expected to strike in oakland, california, the times reporting that the schools will be open with substitute and giving advice for parents who do not want kids crossing ticket lines. outlawing super size sugary drink, 5 state lawmakers will ban the sale of sugary drink larger than 16 ounces, proposals try to implement 2-cent per ounce on sodas, baltimore substance gives another reason to stay off the road, study finds that baltimore drivers ranked worse in the u.s., baltimore came in last when it came to driving in snowy weather behind washington, d.c. adding insult to injury, the all state
report said that baltimore had the worst drivers in any weather. there you go, james. [laughter] >> i'm not sure baltimore needed to be ranked really low on another ranking of cities it seems like they cornered them. >> with baseball team that almost set up record for losses last year. dagen: nice pivot to baseball. [laughter] dagen: everything goes back to baseball. maria: how about sugary drink tax. >> they are training dogs for train stations and certain stop to make sure -- >> that worked well for mayor bloomberg. >> never recovered from that. dagen: people were like, okay, you're not my mom. maria: let's get healthy, okay, healthy mind set, we are talking about plant-based recipes and other healthy activities which
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message from kimberly snyder -- maria: joining us celebrity nutritionist and author of recipes for perfectly imperfect life. >> great to be here. maria: you have the book and you even brought snacks. >> yes. maria: explain your approach, plant-base eating. >> again, it goes back to plant-based but also feeling good, i find that post people are intellectualizing how to eat now and it's all up here. my approach is really reconnecting with their body, feeling good, feeling full, feeling nourish, when you feel good, you tend to stick to a healthier way of living and when you feel good you look better good because better digestion and accessible lifestyle.
relax, everything works better, we hear a lot about the gut-brain access, when you're balancing it affects mood but actually works the other way down, so how we deal with stress, how we are nourishing, the belief, holding onto guilt and shame actually has a fact on bloating and inflammation and amazing research in the book to back it up. maria: in terms of eating and your diet, talk to us about that? >> this book is about perfectly imperfect. i think it's important to have recipes that are easy and accessible. fiber is one of the best ways to lose weight because it feels you up and it's not dense and heavy like putting difficult to digest food in your body that's like a break, fiber detoxes your body on an ongoing basis, the cleaner your blood and body, easier long term to maintain weight, have glowing eyes which reflects quality of health and organs.
dagen: celebrity clients and i'm plant-based, do your celebrity clients actually cook for themselves, though? particularly if you live outside of major city, it is very, very hard unless you're cooking 3 meals a day for yourself, access food that kind of fits your program? >> so my program is also about progress and not perfection, i always talk about the morning, if you can really build a good morning -- if you can be more on point for lunch, you go out with dinner and go to restaurants, a third or two-thirds of the day are on point. all the recipes, i'm a new mom too, one pot meal, a lot of my clients do like cooking for themselves because they are out so much. it's form of care to have something really easy that is nourishing for yourself and family. maria: kid-friendly recipes in the book. >> i have a 2-year-old, 2 and a half-year-old and it's important for moms and families to have
access to these sorts of meals, with my clients, i find that what you eat as a child, you're eating not so great, you the base, it's forming your food cravings and food tastes, big impact on you for the rest of your life. >> for adults, how do you keep on this thing, one of the things about all diet, 50 years of research, people fall off the wagon, how do you stay on the wagon? >> it didn't a diet, it's a lifestyle, it goes to reconnecting the body. >> occasionally falling off -- >> this is not all or nothing, one to have most critical things is morning practice, how you start the day will impact how you feel, your cravings the rest of the day, emergency levels, i think it's important. maria: what are the tips to start the day? >> start with hot water and lemon. you're detox fying organ,
squeeze half a lemon and vitamin c, a smoothy in the morning is a great thing, help cleans you out, take probiotics in the morning which is good for gut health, couple of minutes to meditate, great for breathing and you're not in the stress mind set all of the time as well, you can start the day in clear place and sets you up for the day. maria: great advice, kimberly, thank you so much. congrats on the book. >> thank you. maria: kimberly snyder, next hour of mornings with maria, stay with us.
maria: welcome back. good thursday morning, everybody. thanks so much for joining us. i'm maria bartiromo. it is thursday, february 21st. your top stories right now, 7:0. a possible china trade breakthrough. reports say the u.s. and china are outlining commitments in in the toughest issues on the trade dispute. markets this morning are higher, off of the highs of the morning but dow industrials up 20 points, s&p 500 up 1 point and the nasdaq is up 12 after gains across the board yesterday on wall street. at 4:00 on the street, the dow industrials were up 63 points, s&p a 500 was up 4 points and the nasdaq was up 2 and a third. fractional move as earnings continue to hit the tape. global markets a mix, european
indices mixed, fq100 down 49 points, the cac is up 5 points and the dax index is up 42. asia overnight, take a look at the mixed story there. it was all fractional moves, pretty much across the board. apple losing its shine? the company falling down the ranks of the most innovative companies. we've got the list for you. wait until you hear who is number one. a new take on a flip phone, samsung unveils a smartphone that folds, the details including the sky high price. duke star player out and the cause his nike sneaker blowing out on the court. the moment sparking a firestorm and a selloff in nike shares. plus, nike supporting collin capper nick in a l whole new way, the company -- colin kaepernick in a whole new way. the company unveils a jersey coming up. the top story this hour, the 5g revolution, prioritizing next generation 5g networks in an effort to transform mobile
services. at&t an industry leader in the revolution, coming under fire for allegedly misleading consumers, sprint filing a lawsuit against the company accusing at&t of deceptive advertising for labeling its network 5g when it was actually 4g. joining me right now is the chairman and ceo of at&t, randall stephenson. thank you so much for joining us. let me hit on this first, the lawsuit from your competitor. you put a 5ge on some of your phones man. tell us why. it's meant for evolution. >> 5ge, 5g evolution, we're deploying technology throughout the united states. we'll be in 400 markets this year, where we're turning up a major block of capacity spectrum we've been accumulating over the past few years. as we turn that up and deploy new technologies, we're seeing our customers are getting a significantly greater experience. this is all precursor on how we
get to 5ge. it's an evolutionary step. we did turn 5g up in 12 markets, the full 5g on the new spectrum in 12 markets in december, we'll be turning up another seven markets in the first quarter. we'll be rolling this out across the united states as we go throughout the r year. mariayear.maria: right now i dk you can get an iphone with 5b. >5g.>> there aren't full 5g phos available in the market. we'll have some in the market this year, samsung and some others are putting some phones into the market. we'll be selling those. and you can get a full a 5g experience as we roll these markets out. maria: this is a big deal i know for the industry as we see much faster network and we're all looking forward to that this is only one of the major things you've got on your plate right now. you are in the middle of acquiring and closing -- you're waiting for an appeal for the acquisition of time warner on top of your acquisition of direct tv. how are you going to get investors and the market to believe in this strategy, given the fact that you've got, what,
$171 billion in debt that you face right now? >> so it's really important people talk about the debt, we did take on $40 billion of debt to do the time warner deal. and you talk about $170 billion of debt. it's really important to compare that to our ebitda. apple, samsung, three chinese companies have more than us. it's a large amount of debt. we are a very profitable company. the cash flow characteristics of the company are really strong. $40 billion of debt we took on to do the deal. by the time we exit this year we'll have paid off 75% of that debt. so we will address the debt as we go through this year. it's a high priority. as we address the debt, we feel like our shareholders will be confident and secure in the dividend and the stock hopefully will perform from there. maria: do you worry the bond rating agencies will say, look, if he faces a recession and you start seeing people cancel subscriptions to direct tv or
subdescriptions to cable - -- >> as long as we stay on this trajectory to get 75% of that debt paid off this year, feel like we're in a good place. maria: how do you get 75% paid off? you talked to the analyst community at the end of the year, you said you'll be selling assets. >> the lion's share will come from organic cash flow of the company. this year we will invest among the highest companies in the united states in capital deployment this year, $23 billion, after investing $23 billion the company's going to generate $26 billion of free cash flow. so it's a very financially secure company, generating a lot of cash flow. we'll pay a $14 billion dividend, $12 billion left over will go to paying down debt. we'll do asset sales between 6 to $8 billion that are cued up. by the time we do all that, we'll have 75% of the debt paid off. maria: that's incredible, after the interest payments, the cash flow. let me ask you about the
business today, because one of the growth stories at at&t is the wireless business. it's amazing to me to see people taking on two phones and you're finding new customers everywhere. characterize what's happening in the wireless business today and where the growth comes from. >> the growth as we look into the future is you mentioned at the very beginning, it's 5g. i've seen a lot of technological innovation in the industry over my 36-year career. i have yet to witness what we're about to see in 5g. this is going to change everything. this becomes -- you talk about a faster network. it's more than that. this is an instantaneous network. no latency. it's an immediately responsive network. until you have that kind of technology, you cannot begin to talk about things like autonomous cars. you can't have latency in a network, a child runs in front of a car, you can't afford latency in a network. so it's going to make autonomous driving possible, visiter l wal- virtual reality. it's going to change your
industry dramatically. once you goat a world of 5g, you can then begin to conceive of a world without screens, because these become your screen. your ability to enjoy content and consume content without screens is a very different place than anything we have conceived of before. so it's going to change a lot of industries over the next five to 10 years. maria: so the autonomous cars, some of the things that we'll be able to do, smart refrigerators, all of this happens as a result of a faster network and 5g. >> faster, no latency, a real-time network, connected device as you talked about to sensors, sensors all over the place in terms of in our cities that are actually controlling and directing cities and city traffic. you get to a no latency world, you can begin to conceive of an interaction in society that's very, very different. maria: this is really fascinating. the wireless business continues to innovate. this is one of the really big deals involved. let's talk content for a moment. you acquired obviously time
warner and there's very exciting properties there. are you planning to, for example, raise prices on direct tv coming up in terms of gaining market share there? before we go into time warner. >> direct tv, it's a traditional linear tv service. as you know, content costs and that increases year in and year out. you saw prices go up across the board in the industry in january. we'll try to do that to make sure we stay one the content cost. it's a very competitive industry as well. we're moving aggressively into a world of on-demand video. and so the acquisition of time warner now warner media gives us a new opportunity to give consumers on-demand consistent p tent. we're standing up -- content. we're standing up an on-demand platform where it will hub on hbo and all the great content in hbo and take that warner brothers library, a massive library of tv and premium movie content, append that to this as
well and then everything that's going on at turner, so you can create an on-demand video platform out of warner media and that becomes truly the video platform of the future as we move into the next three or four years. maria: so in terms of the direct tv model, then that changes. do you worry that -- i know that subs were down in the last year on direct tv do you worry that raising prices at direct tv is going to mean a decline in subscribers next year. >> traditional linear tv models have been in decline in the nex. the consumers' behaviors and habits are changes. that's why we're standing up products like direct tv now. it's a streamed product. rather than 100 channels or pardon me, 500 channels at $100, here's a product you can get 30, 40 channels relevant to the consumer for 40 or $50. we have a full suite of products from the premium direct tv
product in multiple rooms in a house, direct tv now for a millennial apartment centric consumer and now launching an on-demand product with the great hbo, warner brothers content around that, so you can meet all consumer interest and demands. maria: do you you regret acquig direct tv? >> oh, no. it was the platform on which we made all the other investment decisions. when we bought direct tv, we told our board, we said this is a business that's in decline. we fully recognize that. we need the content agreements to get this content moved to a world of mobile. and so direct tv gave us that a ability to do that immediately. then it also gives us a really large distribution channel for all the warner media content. maria: content is truly king once again. >> absolutely. maria: warner media with these great shows that you mentioned, you're in this race now, though, in terms of paying up for content, creating new content.
netflix said they will spend 12 or $13 billion on new content. amazon said they will produce 30 movies this year, next year. how are you going to keep up with this catch-up in terms of creating new original content and you're not -- they're creating the content for themselves. you're creating the content and you're going to be licensing it, right? >> licensing it and putting it out on our platform. when you talk about $12 billion of investment in content at netflix, for example, if you look at the warner media portfolio, that's a number comparable to what we will spend in warner media this year, between warner brothers, hbo and turner. there's a big investment going on in content in that side of the business. now, think about all of that library. the ability to take that library and put it on our own on-demand platform as we move into the future gets really, really exciting. there's 90 plus years of content sitting in the warner brothers library. we're going to invest more in hbo this year, stepping up the
investment quite a bit. we're prepared to engage and compete in this area. maria: netflix has been incredible. >> it's a very impressive company. maria: here comes disney with their streaming and here comes apple. >> we're convinced as you look into the future, the consumers' buying behavior around content will be on-demand driven. and they're going to be multiple on-demand platforms out there. we think most consumers are going to have two, three or four of these on-demand subscriptions. we believe the content library and portfolio we own, we will be one of those two, three or four that every household wants to have. maria: one of the reasons is game of thrones. we're all big fans p. this is the last season. what's in the pipeline behind game of thrones. >> there's a lot in the pipeline. we stepped up our investment significantly in hbo. i don't think richard pleplard has released a lot of what the new content is. it's going to be an exciting year. 2020 is going to be a lot of fun as well.
maria: how different is the culture from your beginnings and your culture at a phone p compay to the ritzy and glitzy entertainment business? how are you integrating cultures. >> we're not integrating the cultures. maria: you're going to keep them separate? >> it's critical to keep them separate. have you a communications business that is a technology-driven, engineering-driven, logistics-driven company. there's a culture there you can't mess with. we've had a lot of success there. on the warner media side, it's all about creativity. every day, every asset drives home from work. you have to protect that culture and we're being very, very disciplined about ensuring that that culture is not only protected by propagated as we go forward. maria: as you look toward getting the debt down and look toward spending more on content, what assets are on the block? are you going to sell cnn?
>> no, heavens no. we just bought a bruising -- just fought a bruising court battle over cnn. i don't envision us selling cnn. we're distributing content into a mobile environment, our mobile customers, what content's really relevant in a live basis? sports and news. selling news content and disposing of that makes no sense as relates to our strategy. so cnn's a very important core to everything we're trying to do. maria: has cnn and its approach in terms of anti-trump, has that been an issue for you in terms of dealing with this administration? >> i haven't noticed anything about that. what do you mean? [ laughter ] no, it's obviously -- it takes a little time, a little bit of preoccupation. it hadn't been an issue for me. maria: the growth story at at&t is from the content as well as the wireless business then, in the next five years? >> content, wireless, broad band, one of the things we've been doing with the direct tv cash flow, it still generates a lot of cash flow, we've been
investing aggressively that cash flow into fiber deployment, fiber to the homes. we built out a rather large fiber footprint to homes all over the country. it's the basis for 5g deployment. there's a lot going on here. media and entertainment, wireless, we think with 5g, we're real excited about and then broadband to the home and fiber deployment, that continues to grow. it's grown 6, 7% year over year, so a lot of good growth areas in the business. maria: congratulations. it's great to have you on the program. thank you so much. coming up, bringing back that flip phone, we've got details on samsung's highly anticipated folding phone, it's a huge price tag as well. that's next. please clear the ha. trips to mars. $4.95. hydroponic farms. robotic arms. ♪
remember when we all used to go to the cafeteria and just chow down midday? -you mean, like, lunch? -come on. voted "most likely to help people save $668 when they switch." -at this school? -didn't you get caught in the laminating machine? -ha. [ sighs ] -"box, have a great summer. danielle." ooh. danielle, control yourself. i'd like to slow it down here with a special discount for a special girl. danielle, this one's for you. maria: welcome back. well, now this. empire actor jussie smollett has turned himself in to chicago police. cheryl casone with the details thousand. what a story, cheryl. cheryl: breaking news right now, he is facing as we mentioned earlier felony charges for allegedly filing a false
police report in connection with his claim of being attacked late last month. again, he turned himself in to chicago police this morning. if convicted, smollett could face up to three years in jail. he is due in court for a bond hearing this afternoon. now, his legal team so far continues to maintain his innocence and as for his role on empire, which by the way shoots the show in chicago, one report says producers are considering at this point suspending him from the show. all right. well, apple dethroned. there is the annual list of the most innovative companies. apple fell to the 17th spot from the spot. that's because they didn't break new ground from devices this year. chinese tech platform took the first spot on the list for expediting booking and delivery of services like food and hotel space. that's innovation. samsung teased it back in
november. now it is official. the company announcing its new flip phone, the galaxy fold, it goes on sale april 26th. the phone can work like a traditional smartphone or a mini tablet. it's a foldable phone. but get this, folks. it's pretty expensive. the price tag, nearly $2,000 for this one. all right. the beer that breaking bad character hank shrader was brewing on the show could soon become a reality. sony has taken out patents for shrader brau. the upcoming beer has been teased on twitter. >> brewing up some ideas if you know what i'm saying. [ laughter ] shrader brau, brewed to silky perfection. cheryl: it could be part of a marketing campaign for the upcoming breaking bad movie that will be on amc and netflix.
the greatest show on television is going to be a movie. maria: that was a good tease. cheryl: isn't that good. i missed that whole show. dagen: created by a dude by farmville, virginia. right near where i grew up. on the sa samsung phone. the wall street journal technology reporter, he tweeted this overnight. i really you real really wish mn half, said no one ever. maria: it looks good. it looks good but, man, is it expensive. dagen: and folding? >> remember, the first cell phone just voice cost $3,500 or $4,000 for motorola in the early 1980s. maria: i forgot. that's incredible. >> it was as big as a shoe box. dagen: bag phone, my dad wore the bag phone. >> here's my flip phone.
maria: you still use a flip phone, steve. coming up, focusing on oil, prices hitting a three month high yesterday over uncertainty on the china trade. then duke star basketball player injured, we've got the story, the nike shoe blow-out. this is the all-new chevy silverado. it's beautiful. beefy and mean looking. it's the strongest, most advanced silverado ever. the cab is bigger than the last generation. it's the first truck i've seen make you look small. but that's not all... whoo! oh my... whoa! the silverado has more cargo volume than any competitor. very impressive.
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maria: welcome back. we are watching the price of oil hitting a three month high amid declining supply from opec and uncertainty over ongoing u.s./china trade negotiations. joining us right now is price futures group senior market analyst phil flynn. thanks for being here. >> good morning. maria: your reaction to what's happening -- give us the supply and demand story today on oil. >> i think if you look at the supply side, supplies are at risk rightright now everywhere . opec is cutting back production
and i think even with this incredible increase in u.s. shale oil production, we're starting to learn because of the venezuelan situation that not oil is created equally. i think one of the things we're seeing in the oil market right now is a real concern that this venezuelan situation is going to keep that heavy oil, that venezuela produces, off the market. that's going to create a problem for u.s. refiners and keep oil prices on the rise. >> phil, i'm wondering, james freeman here, isn't a big part of the venezuela story how irrelevant that country has become, given its enormous reserves but also it's mismanagement of those resources? >> it absolutely is. >> i mean in the oil market. >> it's one of the saddest stories in our hemisphere. i cry for the venezuelan people. they missed out on one of the greatest increases in oil prices in history. they should have had generations
of wealth created from the run from oil prices from $10 to over $147 under the regime that they have under the socialist regime. they missed out on a fantastic opportunity. >> quick question. pipelines, are they being blocked? what's the story on that? it's one thing to get it out of the ground but then you've got to deliver it somewhere. >> yeah, i mean, this is a l real issue. we're trying to produce more pipelines. we're producing more oil than that's going up. what we're hearing on the venezuelan side is that the exports are slowing because we have oil in ships but nowhere to deliver this oil because there's no way to pay for it at this point. nobody knows who to pay. we have a lot of barrels of oil locked in limbo because of the uncertainty. maria: we'll leave it there. good to see you this morning. thanks so much. coming up, outlining a deal, top u.s. and chinese negotiators
meeting today in washington. there are reports that the two sides are making commitments on some of the toughest issues on the trade dispute. secretary of state mike pompeo is joining me next, right here in the studio. then, a duke star basketball player is injured after his nike shoe blew out on the court. the company calling a new colin kaepernick jersey the icon. stay with us. 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.
morning, futures indicating a fractional game. we completely reversed course. dow industrials down 19 points, s&p 500 down 3. this is a complete reversal to what we've seen earlier. this after the major indices had modest gains yesterday at the close. dow industrials were up 63 points, s&p 500 was up 5. in europe this morning, the major indices are also turning lower, fq100 is down 63 points, almost 1%. the cac in paris is down a fraction, 5 points. the dax index in germany is up about 11 points. asian markets mixed overnight as you can see, fractional moves across the board. we are watching trade this morning, reports out this morning say that the u.s. and china are beginning to outline, and that is beginning to outline a new trade deal, addressing major issues including forced tectechnology transfer. the two sides holding negotiations in washington today. joining me right now is secretary of state of the united
states, mike pompeo. thank you so much for joining us. can you give us any info in terms of where we are with china on this so-called memorandum of understanding that's being drafted? >> progress made last week when the teams were negotiating in china. they're now in washington, continuing to work. i think real progress as you said, not just on the trade issues which matter, that is the goods exchange, but on intellectual property protection, forced technology transfer and importantly enforcement around those. it's one thing to write something on a piece of paper. it's another think have enforcement mechanisms. i know our trade team is hard at work, making sure the american people get that. maria: we talk a lot about the trade and the tariffs issue but the militaryizing of the south china sea, intimidation from the chinese on people with their ships, they're expanding their military more than any other military in the world today. i'd like you to assess what china does in terms of its behavior for us before i detail
your trip to poland last week because it was so important. >> maria, thanks for this opportunity. the chinese behavior is aggressive along every dimension of international power. you just highlighted their military expansion. certainly geographic expansion into the south china sea. their technology, their weapons systems are getting better, they're investing heavily in missile systems, space technology, all of those things that can project power beyond their own country. but they're also commercially engaged in pree predatory econoc practices, building infor instance througbuilding influent will ultimately be bad for the people at this country. they're hard at work around the world, trying to influence countries to think better of them, in spite of the fact that often they show up with deals that aren't good for countries they're interacting. maria: they've gone into africa in a big way, and basically said
to a number of african countries we will build your telecom infrastructure. that opens them up to spying or tapping into their infrastructure. i know you have an incredible amount of knowledge about china, you were the first, you along with devin nunes and others to launch the investigation into some of these practices. you're just back from europe. what we heard after your trip to europe, there's a lot to talk about, your trip to poland, because it was so important, what we read in the journal yesterday and a lot of the reports is that europe is pushing back on this idea that president trump and your administration wants to ban or potentially stop, slow down the use of huawei technology. is that what you found in europe? >> we spent time not just in usa warsaw latchet week, but over the past months, we've been all over the world, making sure everybody has the same information, that countries
understand the risk of putting huawei technology into i.t. systems. these systems were designed by -- with the express work alongside the chinese p.l.a., their military in china, they are creating a real risk for these countries and their systems, the security of their people. europeans care deeply about their privacy. the risk to privacy from this technology is very, very real. and we're out sharing this information, the knowledge that america has gained through its vast network and making sure countries understand the risk. that's important. we think they'll make good decisions when they understand the risk. maria: it's not just the risks for them, it's the risk for the world. if you're in high level talks about national security with poland, with the five is, i's, americans' information is out there too because china tapped into their network. >> there's a second piece, which is if a country adopts this and puts it in critical information systems, we won't be able to
share information with them. in some cases there's risk we won't be able to co-locate american resources, american embassy, american military outpost. there's real risk. we want to make sure they know not only the risk to their own people but their risk of being able to work alongside the united states and keeping the world safe. maria: this is an expensive proposition for some of these european countries. they'vthey already have huawei technology embedded in there. is that the pushback. everything your saying is so obvious, that you're at risk, the world is at risk. why the pushback? >> some of it is commercial. some of it's economics, the system that shows up from huawei is tantalizing. they offer good economic deals to the countries so it looks cheap. the truth is, to keep your people safe isn't always cheap. sometimes it costs money. sometimes you have to buy a better product, higher quality product, a product that has more security embedded in it. the american people do this all
the time for themselves. we want to make sure the world gets this one right. we will be with this new technology, this 5g technology for quite a while. and it's important that we get it right. the world get it right from a security perspective at the outset. maria: whys is 5g so important? give us the implication there's. we're on the doorstep of hearing all of the stuff about faster networks and we all want 5g. we're at a critical moment where china is going to be able to be in the lead a number of these areas. so why should we worry so much about 5g and what china has been doing? >> we should worry. i want you to know, i'm confident. when capitalism competes with state owned enterprises at the end of the day i am confident that capitalism will prevail. it's important we don't have predatory practices that get in the way of free march kettle and voluntary ex -- free markets and voluntary exchanges this technology, this 5g technology is going to be a wonderful thing. it will allow data to be trans mattransmitted in volumes and
speeds which make what we're looking at today, which for someone in my generation feels pretty good, be in the distant past. it's an important technology that will be you' around the won some period of time. maria: does china admit to cyber intrusions, for example. we've got thousands of attacks, is it true thousands of attacks a day? >> there are attacks from china, from iran, from north korea, from many countries around the world, russians are engaged in activity too, trying to get at systems, not only governmental system but private business systems. i ran a small business for a dozen plus years before i came to congress a few years back. these are real threats. we need to be capable of protecting our information and our data. maria: does china admit to the cyber intrusions? do they admit to the theft of intellectual property? we had the former president of microsoft on this program a couple months ago, steam bomber, he said -- steve bomber, he said
90% of companies in china use the microsoft operating system, 1% pay for it. >> this enormous transfer, unlawful transfer of american wealth and creativity that's taken place over the last decades is enormous, it's historic. the trump administration is determined to push back against it. we opened by talking about these trade agreements that are being worked on in washington even as we speak. they will attempt to address this. the chinese need to acknowledge that this is taking place, need to put structural changes in place to prevent it from taking place and there needs to be enforcement mechanism so the world can know these things aren't continuing to happen. maria: how do we get to a point we can trust they will keep the promise? let's say you do get an m.o.u. and we get these agreements yeah, we're going to move the needle on i.p. theft, haven't they made promises in the past they haven't kept? >> yes, they have.
that's the case. our administration knows this. they've made commitments on cyber and other things which they have not honored. that's why the enforcement mechanism. the heart of these discussions will surround enforcement mechanisms and i hope that the chinese will be prepared to permit those to take place. if they do, perhaps we can find a good, solid way to move forward. maria: the chinese are going to have to -- if they expect the world to use their telecom equipment, they have to prove to the world we can trust them. >> you can fool countries and people for only so long. you start to see this in countries where they're waking up to what happened to them, what chinese predatory lending did to their country and their people, they find themselves with enormous debt, countries in asia, africa, south and central america are starting to see the risks and if we do our job well,
transparency and free markets will prevail. the information will be available. and countries, american companies, european countries will compete effectively all around the world. maria: if european countries continue to use huawei and you know there are openings for the chinese to tap in, are you going to share less information with european friends? >> i don't want to comment on any particular situation, but it goes as a matter of common sense, maria, we're not going to put american information at risk. maria: let me go back to your trip to poland for a moment because you had a major meeting on the iran threat. i was pretty stunned, 62 countries showing up. israel was there with all of these arab countries. was there unanimous consent in terms of iran, in terms of how to deal with iran from all of the above? >> boy, when you -- when the arab countries were asked point blank what's the biggest threat
to their people, to the people of saudi arabia, to the people of the em rates emirates, it way clear, it was the islamic republic of iran. it was a historic gathering, arab states, israel prime minister, talking about how to keep their people safe. it presents risk to us and our ally, israel, every day. i'm very hopeful we can continue to build on this and push back against the islamic republic of iran which we're 40 years has posed an enormous throat the region. maria: -- threat to the region. maria: you made a comment about the isis bride, will not be allowed back into america. it hit on the heart strings of americans after she left to go fight isis, wanted to kill americans and now says she's sorry. >> yeah, i don't get the heart strings deal. this is a woman who inflicted enormous risk on american soldiers, on american citizens, she's a terrorist.
she's not coming back. president trump made it clear that she wasn't coming back. she's not a u.s u.s. citizen. she's not entitled to u.s. sit sheen subpoena. citizenship. maria: has the strategy changed in terms of pulling the troops out of syria and afghanistan? >> the tactical decision the president made in syria to take 2,000 youngerred military person mel -- uniformed military personnel remains. we could be hours away from taking away the last square inch of isis controlled territory in syria. now liberated millions of people in iraq and syria. president trump knows the threat from isis remains. it's a global threat. we're going to stay at it. tactics in syria have changed. maria.maria: you've got the noh korea summit next week. the president will meet with president xi. and some of the comments that the president has made this week, i was taken aback. he said, look, a few things
recently, i'm in no rush here. is he ratcheting down expectations? >> i don't think he's ratcheting down expectations at all. we came in when missiles were tested, nuclear weapons were tested. we haven't had tests of either of those types of systems for over a year now. we've had the return of remains of americans. i haven't seen him on the ground in h hanoi now. the two leaders, in a week or so from now, will be together on the ground and i hope we can make real progress that chairman kim will begin to fulfill the commitment he made in june in singapore of last year, to denuclearize his own country. maria: what would be progress? you don't expect that he's going to denuclearize right away, right? we know there haven't been missiles, we know the president has moved the ball forward. you have moved the ball forward. but no denuclearization announcement. >> maria, i remember i was a
young soldier, patrolling the east german border in 1989. no one anticipated that the wall would com down on the day it cae down. i'm hopeful the world gets a day like that here as well where no one expects that north korea will take this action. i think the work that we've done, the economic sanctions that have been in place, negotiations that president trump has led, i hope one day we all wake up and we get a moment just like the one that the world had in 1989. maria: final question on china, how does that fit into all of this with the talks on china? >> we hope the chinese will continue to play a constructive role. they've been helpful. we appreciate that a great deal. the whole world has come together to put pressure on north korea. we hope china will continue to do that and be a constructive force for the people of america and the people of the world. maria: thank you so much. ouwe'll be right back. ♪ liberty mutual has just announced
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maria: welcome back. johnson & johnson subpoenaed over the safety of its baby powder. cheryl casone with details in headlines. cheryl: joh johnson & johnson received subpoenas from the securities and exchange commission and the justice department related to lawsuits over the baby powder line. they are being sued for reportedly not disclosing small amounts of asbestos were occasionally found in its products. johjohnson & johnson said they l cooperate in the investigation. the stock is down 2 and a quarter percent in the premarket. pinterest is banning search
results that are related to vaccination as a way to curb the spread of misinformation. pinterest said most images shared on the site warn against vaccinating against the advice of medica med medical guidelined research that say vaccines are safe. the ban was put in place last year. pinterest is acknowledging publicly that they have made this move. okay, new parents mark your calendar for this saturday. many walmart stores across the country are holding a baby savings day. customers can save up to 30% on select baby items, cribs, car seats, sip sippy cups. there will be demonstrations, samples and coupons will be offered. according to lauren simonetti, there's a lot to learn and it's very confusing and you needs youtube to help you out with all of this. maria: thank you, cheryl. coming up, a scare on the court, a star duke basketball player
injured after his nike shoes explode. the fallout for nike, plus more on sports right after this. stay with us. this is the all-new chevy silverado. it's beautiful. beefy and mean looking. it's the strongest, most advanced silverado ever. the cab is bigger than the last generation. it's the first truck i've seen make you look small. but that's not all... whoo! oh my... whoa! the silverado has more cargo volume than any competitor. very impressive. now, during the chevy presidents day sales event,
maria: welcome back. a duke star player injured after his nike shoe blew out on the court. jared max with the story in sports. jared, wow. >> this was something to see, biggest college basketball game of the season took a strange turn less than a minute after it began. watch this. >> that's the north carolina tar heel, slipping and injuring zion williamson. he blew through his shoe. look at his left shoe. he blew completely through the shoe and then he started holding his right knee. >> zion williamson suffered a mild sprain of his right knee.
he'll be out a week or longer. former president obama was at the game, he yelled his shoe broke. the injury broke top ranked duke which lost by 16 to the tar heels and speaking of heels and the rubber sole on the nike shoe, nike says the quality and performance of our products are of utmost importance while this is an isolated occurrence we are working to identify the issue. one day after nike shares fell 2%, nike futures are down 1% this morning. nike hopes its brand-new $150 colin kaepernick jersey will hold up better than zion' sneaker. $150. his name and number 7 on the shirt. kaepernick tweeted that the icon jersey has sold out, earlier pitched this. for those true to themselves on and off the field, proudly, unapologetically, and against all odds, this is only the beginning, hashtag, true to 7,
number 7. maria: that's incredible. the nike shoe is an incredible story. >> in the spotlight. it cost over $2,500 to get -- maria: did they say how it happened? >> we don't know. we don't know if the shoe caused the injury or the injury might have then happened and that caused it to go through. but right through the sole. that's not a good look, not on the grand stage like that. >> nike's lucky it appears to be a mild sprain. if this had been a more serious injury, one of the great marketing disasters of all time. maria: absolutely. >> let's get to baseball. [ laughter ] >> i understand -- today's the first day of exhibition season, mariners and the a's. the yankees are favored to win the world series. >> bryce harper, what's going to happen? >> the yankees want to see him in pinstripes, one year, $35 million. >> how about five years at
$40 million each? >> sure. >> it's not our money. >> exactl exact. dagenexactly.dagen: the nays n atlanta this weekend, on fox. >> hopefully nobody's tire blows out 30 seconds in the race like the sneakers. dagen: knowing many of the tire specialists in nays car nascar,d never happen. maria: catch sports reports on fox news headlines, 247/7 or sirius radio, xm115. coming up, the most lucrative jobs for women, next hour, stay with us. ♪ center of his whole world. ok look, if you're not the lead dog, the scenery never changes.
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maria: welcome back. good thursday morning thanks to much for joining us. i'm maria bartiromo. thursday, february 21, stop toirz 8:00 a.m. on the button on the east coast, a possible china trade breakthrough reports say u.s. and china are outlining commitments on the toughest in the 1350u9 ahead of talks in washington in last few minutes i spoke with secretary of state pompeo he weighed in on negotiations. >> progress made last week when teams were negotiating in china now in washington continuing to work, i think real progress as you said, not just on the trade issues when matter that is the goods exchange, but on intellectual property protection, forced technology transfer importantly he enforcement around those.
>> markets this morning, have turned lower we are now pretty much low of the morning down 30 points dow industrials, fractional movers percentage ways s&p 500 down points nasdaq down 8 again there was a complete reversal markets are you were higher earlier, that fractional moves upside now looking at fractional declines, this after gains across the board yesterday yogsios picked up 63 points the close quarter of a percent s&p 500 up almost five nasdaq up 2 points the close yesterday, global markets this morning look like this -- european indices mixed, ft 100 down 67 points cac quarante down one point, the dax in germany up 21 points as you can see, in asia overnight -- mixed story fractional moves across the board, a scare in the sky, another drone forcing a major airport to close this morning, we have the very latest, plus thanks for nothing the message one group is sending to congress from alexandria ocasio-cortez over her antiamazon stance, it is a
bill borrowed in times square a major change for victoria's secret in time for spring break we will tell you about it show more pictures all those coming up thursday morning, joining me to break it down fox business network dagen mcdowell, "the wall street journal" editorial page editor james freeman forbes media chairmen former presidential republican candidate steve forbes. >> it happens. >> i said before backstage at victoria's secret secret fashion show those women do not look like that in person, bad teeth like the rest of us. >> bad ankles i bet. >> [laughter]. >> giveaway super model. >> my daughters are better than them. >> true. >> three grabbed daughters, proud dad. >> wondering what comment for a man in this discussion -- >> i made it left no room for comment. >> i thought a take away from
that is last week he was in europe, and basically, trying to tell the european friends of ours, huawei technology is risky don't use huawei telecom they are pushing back i wonder if at the end of the day u.s. sensors information doesn't share everything they need to about sharing as a result, because huawei technology will be able to spy on american secrets as well i thought one of the big takeaways that have interview. >> interesting the people who got right onboard, are -- are campaigning against huawei people with whom we share intelligence the most right? >> right. >> exactly. >> whereas, others, maybe want to see a little more or may be around the persuaded overriding issue is cost, especially you look at germany they want to they don't have a lot of fiber to the home they want a fast network quickly, the best way is a lot of cheap huawei gear. >> that is thing with cheap prices, sib dived by chinese
government made inroads in central eastern europe elsewhere, hard to take that out. >> small telecom providers in united states, you see pushback from that. >> i think verizon one major company hasn't used huawei others all -- >> important point, what -- what china has done with all these countries, across the world african european nations basically saying we will build your telecom infrastructure, and -- >> using chinese workers. >> correct you are opening yourself up to espionage basically. dagen: the -- basically, it is cheap for a reason, and i think risk is incalculable. >> our top story we are watching u.s.-china trade talks how does all of this fit into that top negotiations at containable blake burman covering that story that angle at the white house this morning, we've got a lot to cover this morning blake, good morning to you. reporter: good morning to you a lot going on secretary of state mike performance pompeo
saying progress made with china a white house discourse -- choke that adding yesterday that at this point not as if a quote silver bullet pompeo saying that if there is, potentially a memorandum of understanding that comes from senior level talks the third straight week of such talks, that enforcement is going to about a major sticking point especially as it relates, to ip theft. >> we won't fall into those things they have made commitments on cyberother things simply not honored that is why enforcement mechanism talk to lighthizer, mnuchin for are for two minutes they will tell you the he heart of these discussions will surrender enforcement mechanisms. >> discussions to take place in building behind they executive office building on white house grounds the clock is ticking to get a deal done as the march 1 deadline approaching president trump suggested in the repeat days that deadline could potentially slide eshessential
thisse week said march 1 not necessarily at a quoted magical date said this is the real question right here. >> to we raise tariffs because they automatically kick into 25% as of 200 billion dollars worth of goods that they send. so i know china would like not for that to happen so i think they are trying to move faster so that doesn't happen we will see what happens. reporter: president trump often says, the belief is as i was told yesterday by a white house source that president trump president xi complete in a month or so as it was described to me, you can look at calendar you march 1 next friday just 8 days away from that, so there are questions as to whether or not, a final deal can come between now, and then. the sides begin two days of discussions coming up this morning. maria: we will see blake, blake burman latest there joining is right now delaware congresswoman house energy congress committee member, good to have you on the program thanks so much for
joining us. >> thank you, maria great to about here. >> what would you like from a deal with china? >> well, first of all, i want to acknowledge that for the state of delaware, the trade deal is very important. we have a large farming community here soybeans, corn, important to us, and the tariffs have been a real challenge on farming community translates to consumers things we are looking for are things that we have heard about, earlier, in terms of ensuring that we protect our intellectual property at the same time that we watch out for currency manipulation you know but one of the things that concerned me is how the administration has gone about this, and before serving on emergency and customers i served on agriculture one question i asked representatives of the administrationings what is the strategy you know what is the long-term gain? how are we going about it? at that time it was more of a
tactical approach so we are cautiously optimistic and wait and see what the trade deal actually looks like but it is very important for the state of delaware, so that we get something that is good. maria: was there although alternative in terms of getting china to the table? >> well you know, again, i actually had the opportunity to live in china for a while, and one of the things that i learned there you know a lot of times, here we are dealing on a two-year plan a four-year plan, we have a lot of different considerations that go into what we do. whereas, in china, people are looking long term long range so you know a hundred-year plan, so for us, part of what we really need to do is make sure again that our conversations are beyond the political, and really focused on what is in the long-term best interests of us as a country again i understand the concerns about currency
manipulation and i definitely understand intellectual property because it is important we have many corporations right here in delaware, that rely on having that protection, q. maria: absolutely. >> strategic, we need to about strategic. >> congresswoman steve forbes here in terms of your ag sector are you going to get those markets back again? how -- how much long-term damage is coming from these tariffs? is china going to use other sources like brazil or can we go back to where we were a year ago in terms of market access? >> well you know every day, that we wait and don't get a deal, is more pain and inflicted on our farmers, one of the things i proposed in the last congress was actually a trade adjustment assistance act for farmers we weren't sure what impacts were going to about we are cautiously the optimistic we want to see a deal done, but as usual the
d devil is in deals. >> "the wall street journal," james freeman shift gears ask a political question, if you observe the bureau joning primary in 2020 interesting from -- poll focused on democrats saying government-run health care is fairly controversial idea within the party, similarly, while a lot of democrats think that people are causing global warming they are not persuaded that it is a threat in our life times i am wondering do you think candidates are going too far left on these two issues? >> you know, it is -- it is really interesting that you would bring up these two issues. and you've been -- the conversation what people call this. i talk to people up and down my state, and there are serious real concerns and threats. i mean on the issue of health care, the fact that people
can't purchase their medications because the prescription prices are so high. is something that is a real concern to people. i live in a state that is the lowest lying state in the country, sea level rise is real not just on our beaches here in delaware but, also, in our neighborhoods, we have some neighborhoods like the south ridge area, in the city, where flooding occurs and so people are looking at this, not from the political but from the fact extreme storms extreme wildfires are having a real impact. we have to have a sense of urgency about it so. whether you believe in call it medicare for all unfortunately universal we know we have to do manager democrats say we have a for the people agenda really looking at pocketbook issues, real issues that face us every day. maria: how about, i think a positive.
>> if everybody losses private health care insurance is that for the people? >> well, i have to say that i came from a perspective of having about served in state government never ran for anything before i ran for congress. and i have been in the -- implementation of plans i have been in the negotiations -- >> i understand i am getting at -- the medicare -- >> can i finish. >> what i wanted to say is that because of that i understand disruption i understand the fact that you've got to do this in orderly manner because it is important that we also not lose the many jobs that we have. maria: you are right you are right, i understand that, but do you understand what the medicare for all plan is? >> -- my point was that there are multiple different options, and that one of the reasons i got on emergency and commerce committee because it has the health subcommittee where we are making so he will of these decisions we look forward to seeing what kind of
opportunities come forward, and that is part of the democratic process is that we have to go through what is going to work in the best interests of our country. >> yeah, sounds like a lot of talking points congresswoman honestly we are just trying. >> i don't need talking points -- >> for the people right so let's talk about what is for the people. you mentioned a question james freeman, about the medicare for all plan, and we're trying to understand, why you think this is a good plan for the people. when in fact it does away with entire private insurance industry. 150 million people get insurance from private insurance industry you want to do away with that industry? >> did i don't think you heard me say that. >> oh i thought you said you were endorsing medicare for all plan. >> no that is not what i said. >> you don't endorse it? >> i said that there are what i said that is there are memorandum pell options the reason on the committee was a
to about able to look at those options, and figure out what is in the best interests of our country. >> does that answer your question. >> yeah so it is -- it is not a done deal among the democrats they want government-run health care. >> congresswoman good to see you thanks so much we will be right back. >> thank you ♪ a sock-a-bam-boom ♪ who's in the room? ♪ love is dangerous ♪ but driving safe means you pay less ♪ ♪ switch and save ♪ yes, ma'am excuse me, miss. ♪ does this heart belong to you? ♪ ♪ would you like it anyway? [ scatting ] 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?
maria: welcome back a drone causing a disruption in another major airport cheryl casone. cheryl: yeah, maria was in dublin airport in ireland there was a brief ascension halted after drone spotted in airfield, last year more than 100,000 travelers were stranded before christmas because of drone sightings near landon's gatwick airport. >> at&t chairman ceo talking with you last hour about his company efforts to invest more in content for streaming, following at&t acquisition of time warner. >> there is 90 plus years of
content sitting in warner brothers library hbo going to invest more in hbo stepping up investment quite a bit so we are prepared a to engage compete in this area looking forward to it. cheryl: saying they are going to about able to manage debt load with time warner deal during that intellect you -- >> study based on bureau of labor statistics data shows highest paying jobs for women in united states, coming in first place salaries topping 98,000 dollars, lawyers next 91,000 executives computer information as many managers physicians surgeons wounding out you make more being are a pharmacist than physician or surgeon. >> a wild list. i could understand the ceo small company not paying yourself a lot until large
size pharmacies above physicians? why? >> i kind of wish doctors made more than lawyers. >> teachers, too. >> and smart women know your pharmacist as good as position on how to basically treat yourself this is going to work on rash that i've got? >> coming up state of u.s. saudi relation all eyes on mohamed as he pushing kingdom agenda abroad what he thinks what it means to the united states then making the best of your job, we are taking a look at top trends in the workplace, back in a moment. ♪ ♪
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countries continue to use huawei you know there are anticipation for chinese to tap in are you going to share lesson with european friends. >> i don't want to comment own any particular situation it goes as a matter of commons we are not putting american information at risk. maria: that was secretary of state mike pompeo discussing huawei ip theft the former u.s. ambassador to saudi arabia under president george w. bush, robert jordan thanks for joining us this morning want to get to saudi arabia in a moment first your thoughts on the china situation where the behavior of the chinese has been anywhere from you know, terrible to just upsetting u.s. and friends across the world what do you think is most important issue americans need to focus on when it comes to chinese and
their behavior? >> i think we have to realize the chinese do not have a moral capaciompass the way they business a mercantile enterprise will cheat, they will dishonor agreements, and they will certainly try every time they can to steal our intellectual property this is what makes huawei situation so dangerous. >> so james freeman at "the wall street journal," sorry -- what are you hoping to get out of these negotiations? what is the -- what is the anticheating murder u.s. augmenting to about thinking. >> i think some sort of inspection capacity to also have, a greater reliance on perhaps a form whether world trade organization or the international intellectual property organization, we have to have a means of adjudicateing with some sanctions, violations of
intellectual property rights. of the i think we've got to have a much clearer understanding with perhaps snapback sanctions other opportunities, that are understood and agreed to by both parties. >> really important point chinese have made promises in the past and they haven't kept them so sanctions would be a good point. saudi arabia crown prince mohammad bin salman visiting under scrutiny khashoggi. >> democrats want hearings on power plants for saudis. >> shocking in terms of the way this has been handled, let's bear in mind saudis have a legitimate from in technology running desalination power plants on
oil don't have unlawful gas -- don't have natural gas nuclear is a possibility for them looking at this for sometime. but we have to adhere to the atomic emergency act section 123 requires american agreement with protections in place against militarization of that technology. and congress has oversight. >> mr. ambassador quick question, are saudis going to tart to play us off against the chinese? to get more from both? >> yes indeed. >> i am sure they will i am sure if it one of the discussions the crown prince is having right now with the chinese is access to their nuclear technology, and also, other trade opportunities. >> what is our power over said toys say don't play this game we are too important for your security in the middle east? >> we've got the ability to refrain from providing spare parts for f-15s grounded
within two weeks if we did that we have the ability to sees think cooperation in yemen, something congress is looking at right now. we have a lot more leverage over them than they do over juice great point ambassador good to see you thanks so much. >> thanks par 4a. >> quick break the december durable goods report out in moments we bring the numbers, see if they impact markets victoria's secret giving fans what they want closing company bringing back popular hit in time for spring break, back in a minute. ♪ ♪ i hear it in the background and she's watching too, saying [indistinct conversation]
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maria: welcome back. good thursday morning. thanks so much for joining us. i'm maria bartiromo. top stories 8:30 a.m. on the east coast. breaking news, we have december durable goods number below estimates, off 1.2% the estimate was increase .5% on durable -- 1.5% on durable goods products to raft three to five years possible china trade breakthrough reports u.s.-china outlineing k34i89s on to have youest issues in trade dispute i spoke with secret mike pompeo said he is warning countries united states will not be able to partner with countries that use huawei technologies market like this futures worsen does after durable goods down 0 points dow industrials a quarter of one percent s&p 500
down 7 and one half nasdaq down 18, as you can see, december durable-goods orders on tape in europe the indices also worsened last hour, ft 100 down 72 points one% even cac quarante in paris down 3 points dax in germany off 12 points yairp markets mixed fractional moves across the board earnings this morning norwegian cruise lines domino's pizza big moves reporting earnings take a look norwegian cruise up 6% domino's down 6 and two-thirds% behind numbers coming up, preparing to go public rideshare company sharing details stuart varney will weigh in, major change from victoria's secret in time for spring break first this markets losing steam after the disappointing readings on durable-goods orders oppenheimer chief investment officer, good to see you this morning. >> -- we are, i think at the
end of the day the drivers really strength of the economy economy slowing down but we are still growing at rapidly clip in u.s. north of 2% most importantly, this cycle probability lasts a lot longer than people expect, and the reason for that there is no inflation, policy makers flexibility they need. >> so you are suj a trade deal all of that will be clouds listed fairly soon. >> yes, i think all indications that a trade deal coming through, i think right way to think about it, the economy slows down in u.s. and china the pressure on all of them to kind of arrive at a trade deal increases. >> do i couple fed to be haif the rest of the year. >> i think fed indicated they are going to behave themselves to,. >> no rate hikes. >> i think rate hikes we are done, the real question is the balance sheet rolloff what indicated in minutes -- slower
than markets may have been expecting. >>. >>. dagen: why c were markets upset if leaving balance sheet 3 1/2 trillion dollars before cries it was 800 billion dollars going to leave it there? the thinking is stephanie pomboy laid out on program usually six months between last hike and first cut by federal reserve first they have to stop the balance sheet rolloff, so this is a step to basically maybe something if economy is weaker than expected? i don't know. >> the economy is certainly slowing down i think the global economy, the europe and china slowing down faster than u.s. so that is one of the concerns why the fed stopped but i think expecting us to get anywhere close to a recession i think that is a bit of a stretch, and as long as the cycle continues, i think the overall the markets should do reasonably well. >> any big bombs coming out of europe whether it is britain -- brexit or italy doing something crazy.
>> you know, bombs have been coming out of europe ever since cycle began. and it was greece italy this, that, euro breaking up i think we have gone through all of those bombs, there is really no -- nobody benefits from it blowing up. >> the growth of 1% in eurozone james you are talking about real slow growth out of europe right now. >> i wonder given this backdrop how, how u.s. business is going to respond, i think you mentioned the slow growth also there is a sense that last year was kind of a one hit wonder after tax cuts for capital expenditures do you think businesses invest at robust clip this year or start to pull in kind of disappointing because of clouds on the horizon we are talking about? >> i think the investment trend is slowing down, first quarter first half of last year, things responded to the tax cuts the budget deal subsequently i think going -- having said that investment has been reasonable, not like
previous cycle but growth trend reasonable, having, at the end of the day, the demand side of global economy is much softer you can't expect businesses to continue to invest, at the same clip that they did before. maria: . >> okay if trade deal gets involved, at least in the u.s., sounds like you got a lot of incentive to invest i would think that the point. >> absolutely, again, trade deal was one of the -- in second half i think as things get lifted on that front, pace of investment should certainly pick up a bit. maria: so bottom line you want new money to work in stock market. >> absolutely we like equities global equities valgz over seas more interesting even u.s. looks pretty good. >> good to have you on the show thanks so much, earlier this morning, secretary of state mike pompeo joined me, and here is what he said about european countries using huawei technology. >> we have been out afternoon
the around the world making sure everybody understand information understand risk of putting huawei technology into i.t. system we can't forget these systems were designed by -- with express work alongside chooip chinese pla military in china they are creating real risk for these countries and systems the security of their people. europeans care deeply about privacy the risk to privacy from this technology is very, very real, we are out sharing this information knowledge that america has gained through vast network, and making sure countries understand the risk that is important we think they will make good statisticians when they understand that risk. >> not even just risks for them it is risks for the world if you are in high level takes about national security with poland with five i's americans information out there, too, because he china has tapped into their network. >> there is a second piece
that we shared with them as well which is if a country don'ts this puts in some of their critical information systems we won't be able to share information with them. we won't be able to work alongside them in some cases there is risk we won't even be able to colocating american resources, american xhe outpost this is real risk we want to make sure they know not only risks to their own people but their risks being able to work with alongside united states keeping the world safe. >> i think that is your headlined, i think that was the huge statement right there. that the united states is going to consider holding back key information just if they are using huawei telecom. >> i think that does advance the story talking about encouraging people not to take this risk he is saying, okay. we are talked about carrot here is the stick united states is not the going to give you level of security cooperation, extended to other people if you insist on embracing huawei we should say these are concerns
intelligence obviously allegations from justice department, but for example, if allegations from justice department on huawei cheating on iran sanctions are you troo i think anyone would say this is a security risk ought to about addressed. >> question is with these countries huge costed of undoing huawei, one has to hope 5g comes along rip out that technology anyway. might make it easier for them but, meantime, they spent the money it is some cost what do they do i wouldn't be surprised if they -- come up with handout saying okay, help us out. maria: don't -- jay don't they understand though that -- option is you keep the technology, and you allow china to steal, spy you on, i mean the insuroptimaledable about damage that does. >> i think a country like poland, understands it, figure out how to undo it why the
obama administration years turned mind eye to all of this allowed this technology to move forward in the way it did here and in europe. maria: similar vein i feel like rick is out there alone, in europe, basically telling european countries look if you do business with iran, you will not do business with united states. and this guy has gotten death threats i don't see the europeans really understanding the threat in materials of iran, it is similar story but different jay i love it when you hear from europeans they are like we don't like how he interacts with german threat -- >> president trump we don't like the way in which he communicates you know what if policy note he personality get on with it. >> i agree. >> critically important for europe stagnation if seen as growth gyp 3% this year 3% next year going to really have political will to make the
structural changes when ronald reagan cut taxes early 80s, 50 countries followed suit the way you get europe moving again. >> kudos for urging zero tariffs as well. >> and also, decriminalization of hom homosexuality a big push by ambassador grenell and administration. >> stocks on move this morning dominos tanking after missing earnings expectations, norwegian cruise lines with better report susan li for mr. of new york stock exchange looking at action. >> good morning to you that is right take a look at earnings action just 80% done through earnings season so far 70% beat on profits focusing in on norwegian cruise lines a pretty good quarter beating bottom line 5 cents higher than estimates a slight tik less revenues pretty good for he consumer stock, also
dominos we saws same-store sales misbadly earnings missing revenue bottom line hammered in premarket now we are taking a down market after durable goods orders j&j nike shouldaway as well, a story on l, expands victoria's secret as i mentioned, spring break relaunching, their swimwear there you go, collection starting next month they say after they said they would stop making swimwear in 2016 to prioritize lingerie, act leisure but a tough go of it last few years let's see if it gives it a boost today back to you. maria: ask thank you. we will be watching that the race to the public market lyft reportedly a time line fipo. >> meetings not going over well with some employees back in a minute.
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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. ♪ ♪ maria: we know in a lyft going public the ride-sharing company set to go public in mid march happening next couple weeks to weigh in host of "varney & company" stuart varney good morning. >> good morning, maria. i think a wonderful, wonderful thing, because now all of us ordinary people will have our chance to invest in this new
range of technology companies. it should be uber after uber probably airbnb, this is a new range of tech companies we get a chance to put money in, there is going to about all kinds of complaints, that the insiders are walking away with money or fat katz taking more than fair share but i think this is great. this is financial democracy, we are all allowed in, if we think in is the right place to about. frankly maria we said this before, if i was with lyft with uber, i am not so sure would i be going public, i don't particularly want scrutiny army lawyers regulatory when you go public nonetheless, they are going to do it, and i would think about buying in let's see. maria: funny uber had incredible scrutiny not even public yet. >> right wait till they do go public. maria: yeah. >> the who soefr runs these companies you can't say just what you like if you go on
television talk about your company, although you are really restricted as to what you can say, the lawyers will make sure that you don't put a foot wrong. >> i know you have more 12 minz see you then. >> got it top of the hour 9:00 a.m. eastern after "mornings with maria" james you said in the past good thing getting little guy to invest in some important technology companies. >> yeah, as stuart was saying whether stock goes up or down, having all individual investors mom and pops have say will opportunities that the giants ask silicon valley p good thing jay oi look at it like this you are owning part of a great american company if you apply treasurys you are lending money and letting like nancy pelosi or anybody spend it, i don't understand that. maria: coming up how about walking meetings at work? meetings taking all day taking a look at workplace trends that have employees pushing back, i am taking a walk, then on the road we are live from
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maria: all right take a hike wolg highlighting work place trend walking meetings not going over well with all the author of the new book lead with your heart great to see you thanks for joining is. >> a pleasure, walking meetings, the big trend once-upon-a-time standing desks now they want us to get more exercise employees sometime ladies by change of scenery. >> happening. >> absolutely happening more and more technology, and media
companies, some employees are saying that is distracting to be on the moveba we are having private conversations out there in public not comfortable for everybody i that i greet thing because a much more informal setting in which people can be more creative talk openly, by the way, you have to stay focused, and stick to the point get things done. >> who takes notes. >> good question especially starting to walk. >> you can't use your phone when talking and talking keeps people off phone, does make them focus but i am a tripper, a faller. so that -- again i see osha regulations. >> not -- factual about people being on smartphones all the time now you don't get laptops power points, by the way, watch out about not walking into a pole presenting quarterly earnings could be tricky. >> people do get to the point. >> that is right that is rightly they have no choice but to, i think nice to mix things up put you in different environments creates an opportunity for people to
about one-on-one chat more -- >> exercise meetings shorter. >> absolutely, people do get exercise in super important i have heard sitting is a cancer of our time people not as healthy as once were, great opportunity to get out, chat with people do it like in an environment much more conducive to billed trust relationships. maria: consider what some what are important changz in worshipings. >> entrepreneurial thinking, champion more inside organization waking up realizing that they have to champion leaders every level look at studies companies like apple google top what you see they don't the more resources they every much more resourceful competitive advantage getting people to speak up in changing virment soft skills thinking, ability to engage in teams. >> a lot of researcher on that. >> no man or woman island if you want anything done, especially you have to partner
with people team up to do it every entrepreneur incomes they can undertake every job them secret good staff behind you a lot of people supporting you. >> military veterans they understand teamwork. >> thanks so much. maria: the backbone of construction manufacturing, backhoes hitting a auction block what it says about the economy we are going to take you there next. ♪ it's absolute confidence in 30,000 precision parts. or it isn't. it's inspected by mercedes-benz factory-trained technicians. or it isn't. it's backed by an unlimited mileage warranty, or it isn't. for those who never settle, it's either mercedes-benz certified pre-owned,
the world's largest heavy equipment auction is getting under way today. jeff flock is covering the story from davenport, florida. good morning, jeff. reporter: i have never seen anything like this. hello. that is a motor scraper, i think they call it. thousands of people -- pieces of equipment here being auctioned. i got the senior vp of ritchie brothers auctions. this is the biggest heavy equipment auction in the history of man? >> true statement. 15,500 pieces of equipment sold in six days. reporter: there's everything from bulldozers that just go on. come up this way. bulldozers, articulated dump trucks, trucks, all sorts of things. it's because this economy is just booming. >> absolutely. these buyers are looking to put this equipment to work tomorrow, if they can. they love the way the economy is going. reporter: incredible. we will be here all day and give you a unique perspective. you get up in the air to see this, you just won't believe it. it is incredible.
maria: it is. looks great, jeff. thanks so much. jeff flock. >> my 3-year-old would be at home there. maria: he's got a lot of trucks. just a great show this morning, you guys. have a great day. seize the day. "varney & company" begins now. stuart, take it away. stuart: good morning, maria. good morning, everyone. i wish i could deliver a firm official statement from the china trade talks but i can't. yes, the talks just racheted up to a higher level. yes, all the top people are there. we do have reports that some of the thorny issues like technology theft have been addressed and we are told that that memorandum of understanding is being hammered out but no official statement at this point. the markets pretty much in a wait and see mode. stocks will open a little lower this morning. another very positive report on durable goods orders came out earlier and we are down about 40 points for the dow. we have had a couple days of