tv Mornings With Maria Bartiromo FOX Business March 7, 2019 6:00am-9:00am EST
morning. futures indicating we are seeing lower opening, futures indicating dow industrials will open down 70 points, one-third of 1%, s&p 500 down 15. record of $891.3 billion excluded services, joining me to talk markets market strategists, michael lee, michael, good to see you this morning. what do you want to focus on here in termination of the china deal, the fed, ecb coming up. >> what i think is most important is manufacturing in the u.s. half a million manufacturing jobs in the last 2 years, nothing short of remarkable. what everybody is missing multiplier that will take effect in the manufacturing, every manufacturing job is responsible for 2 to 4 other jobs as you look into it and what's really
crazy and what's happened over the last couple of years the u.s. resurgence in manufacturing, i think that has economy in sounder footing and we had 3, the chances below 2 or slowing into the stagnation that many are worried, 2015-2016 it's not a reality. maria: we have the february job's report out tomorrow morning, 8:30 a.m. eastern. unemployment rate to kick down 3.9%, 180,000 jobs added. you are talking about manufacturing jobs at the top, what would be a market mover from the report tomorrow? >> what i'm looking for is not only the number but the division, down to 200,000 and if
we have blow-out number we have revisions, maybe in 200,000 jobs, this is still good. in terms of catalyst, could make markets higher. maria: look at the markets here, we had a nice beginning to 2019 but this week, 2019, worst week in several weeks. >> i would say to most investors, probably the beginnings of what would be entry point in that the fed is on hold, the fed has decided they are not moving and i think if you look at the rule, inflation and maximizing economic growth. 4 and a quarter and 4 and 3 quarters. low to mid-2's, they want the
trades, they want u.s. to win trade wars, they want to see growth, they want strong equity. maria: one of the top stories in the journal today about the trade deficit basically that the u.s. trade deficit expanded 10% last year, you mentioned early, 91 billion despite the effort to narrow the gap. >> you know, i don't know that nailing the gap is the best, i think you want to look at total trade, 270 billion last year, that's the largest growth since 2011, also tariffs in china have come down in 2017-2018 from under 10% to 7 and a half percent. what we are doing our economic strength, the tariff, all of the policies are working in our favor and if these policies were working in our favor manufacturing jobs, i think many long-term economic benefits. maria: does it bother you not just dow is having a tough week
but transports, worst performance in last weeks or so? >> the market can't go straight forever or down forever. maria: 11%. >> very strong move in a very short period of time. maria: what do you want to take now, take the sidelines now? >> it's difficult market to trade, if you are out in cash, did not invest after christmas, now the time to start getting in. i think before the year is over we hit all-time new highs. maria: new highs in '19 even though earnings are slowing down. >> you still have 5% revenue growth and i'm a big believer that earnings are manageable, corporate strategy and, you know, markets and all sorts of factors should be taken into account, 5% revenue growth not really stretched multiple valuations and what i think
could be much greater economic growth this year, high 2's versus low 2's, 2020 should look a lot better than people are looking at night -- 2020. maria: michael good to see you, thank you so much, michael lee joining us there. be sure to tune in tomorrow morning, jobs in america special, where the wage increases are as well. facebook's future founder and ceo mark zuckerberg unveiling plan for privacy concerns. dagen: good morning, do not laugh, i'm being serious, this is a real story, facebook says its future lies in private messaging, not the sharing of public content which has been the focus of much ire, here is what facebook is doing, facebook will start focusing on private
messaging and small group chats according to post of mark zuckerberg, encrypted messaging across major products and allow people to make private conversations or make them disappear, zuk -- zuckerberg within the post, payments, e-commerce products that will eventually allow it to diversify away from ad-supported businesses that led to the privacy mishaps, missteps, if you will, think of whatsapp messaging platform as kind of the idea of where facebook is going with this, here is what mark zuckerberg, a couple of comments from the post, i believe the future of communication will shift to private encrypted services where people can be confident what they say to each other stays secure and messages an content won't stick around forever. this is the future, i hope we
will help bring about, i believe that we should be working toward a world -- let me read it how i was thinking about it. i believe we should be working toward a world where people can speak privately and live freely knowing that their information will only be seen by who they want to see it and won't stick around for tfer. if we can help move the world in this direction, i would be proud of the difference we've made. do you trust mark zuckerberg to keep your information private is the central issue? facebook is not going to be able to read these messages apparently, they are end to end encrypted and advertisers won't be able to mind the content to target users and helps alleviate the pressure on facebook to monitor or police the content on its platforms but i will leave you with this, jason, sports writer at the wall street journal, here is what he said, i'm paraphrasing on twitter, this is like mcdonalds pivoting to protecting cows, back to you.
maria: that's a good one. [laughter] maria: of course. dagen: credit for that. maria: wow, that's a big change, we will talk more about that. dagen: do you believe him? maria: do you trust facebook more than huawe, by the way? another good question, huawei escalating fight with the u.s. this morning, lauren simonetti. good morning to you. lauren: huawei suing the u.s. government saying limiting business in the united states is constitutional, law signed by president trump august to bar federal agencies to use huawei equipment and services, huawei has been accused of stealing trade secrets but the chief security officer said huawei is not a security threat. maria: are you saying that huawei technology has not stolen trade secrets from other companies in the west?
>> we have entrusted for the last 30 years and 170 countries no major incidents involving huawei in the world. we are not saying scrutiny of the kinds of products and technology that we sell. lauren: last year ended with the arrest of huawei's chief financial officer in canada at the request of the u.s. sears is headed back to court. black&decker suing over new line of tools under the craftsman brand, sold for $900 million. sears is touting the story that the real home of craftsman which says undermines the products. now you know, when there was one, yes, bend,.org.org home to the last blockbuster store in the entire world, one other
location in australia, it's closing, the manager is excited hers is the only one left on the planet. bend blockbuster sold and the store continues to attract tourists and those seeking nostalgia but the issue is a lot of people don't have dvd anymores, players you can rent, you to have -- maria: thank you, lauren, coming up next, high emotions at gm this morning, the final chevy rolls off the line at the ohio plant, taking a look at what's next to the automaker, then a change of plans, hillary clinton reportedly still mulling a run in 2020 despite saying she's not, major pop star ready to voice politics, right here stay with us.
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maria: welcome back, big program this morning, coming up housing and urban development ben carson is here with us this morning, congressman tom lee joining us in the panel with new jersey congressman josh joining us this morning, former white house press secretary and author of the briefing sean spicer here as well. big 3 hours ahead, don't miss a moment of it, kick the hour with 2020 vision, hillary clinton saying she's not running for president in 2020 but that may not be the case after all actually. new york times correspondent tweeting this, spoke to someone close to hillary clinton in contact with her today, they say she was not trying to be
emphatic and close the door on running when she spoke to local reporter yesterday and she was surprised but how definitively it played. she's extremely unlikely to run but that she remains bothered that she's expected to close the door and john kerry is not, she's waiting to see the mueller report. then this, taylor swift weighing in on 2020, finding her voice in politics, she said, quote, i'm going to do more to help, we have big race coming up next year, talk about all of that wall street journal editorial page editor james freeman is here this morning along fox news contributor liz peek. >> good morning. dagen: i have such a head ache. [laughter] maria: you talked about tweet yesterday during the show, we didn't get to it. wow. [laughter] maria: she's mad about kerry not
giving up. dagen: let me make it about my gender and not about the fact that i was an utter failure for the democratic party and embarrassment too. >> i think kerry potential candidacy, are you kidding, that's allow bar, hillary clinton won't run for president because the democratic party absolutely wants her gone, end of story and i think we have seen that in the way comments are covered and in terms of where her place in the party right now it don't exist. maria: you wrote a piece about hillary the other day about the fake crisis that she created. >> yeah, the crisis in america, come on, folks, consumer sentiment, the way the country is going, americans are feeling good. dagen: i want to add really quickly. if democrats truly feel that the election was stolen from hillary clinton, why aren't they shouting to the rooftop scheming
to the heavens for her to run, that it's her role, it's hers, everybody ought to get out of the way, they already tried that, didn't mean to interrupt. maria: with nadler and cummings trying to get investigations going against the trump administration, but let's talk about that, republican democrats and decent guys, any 2020 candidates interesting in civility, you talk about the troubled politicians are falling into when they try to cross partisan lines, tough line. >> among voters there's fight for stability. nonstop partisan warfare. but it's kind of an interesting disturbing phenomena as candidates get into the 2020 race, joe biden thinking about a run and being the moderate voice in the race but calling mike
pence a decent guy, he got some static on twitter and backed off that pence was horrible and you have governor steve testing the waters in iowa, he's out there and he's asked do you think pence was a decent guy and he's always worked with him and said nice things on other occasions, didn't go there. amazing time. maria: isn't it another indication of this urge to the left, decent guy, someone in the middle, look at what howard schultz is doing, can't get past the massive radicals. >> nixon and people in the lgbt community don't like mike pence because of the freedom law in indiana that he pushed that never went through but he pushed it and it was seen codifying discrimination against people,
gays and and lesbians. you have to point out. >> he believes that the government should not force cake bake the other bake cake with specific message that he doesn't agree with, that colorado case, by the way, has been resolved in cake baker's favor. dagen: i will note though it was pushed back from private businesses in indiana and arkansas from the likes of wal-mart that kept the laws from going on the books, so there's a role for private companies and the private sector in all of this. >> my point is obviously they had a disagreement about where individualiberty should begin and end in this case but doesn't mean they can't have a respectful political dialogue. i mean --
dagen: president trump and again i will debate policy all day long, i won't debate personality, but president trump is a bomb-thrower, he throws figurative grenades at everybody and so the democrats are trying to make sure that they don't wind up like low energy jeb, lying ted because they are expected to be called names by the president. the call for civility on one side you have to call for civility on the other side and it's not happening. >> , we will see what voters think of it. maria: for sure, coming back, retail, amazon shutting all pop-up stores nationwide, details coming up and where it's focusing now. barking mad, one town suggesting jail time if you can't stop your dog from barking. i'm in big trouble then.
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maria: seattle times has reported state senate passed bill to create european style consumer data privacy bill, allow citizens to know what information data companies are gathering that would include companies like facebook and microsoft along with retail stores and data brokers, las vegas review journal elon musk founded company is in talks with potential las vegas project. we are talking about musk boring company, the ceo of the las vegas visitor and prevention authority, vegas on forefront with testing, the tunnel could make sense. in new jersey the record writing
this morning that get tough on barking dog that is disturb neighbors, ordinance would prohibit loud or continuous barking, yelping 7:00 a.m. to 7:00 p.m., limit today 20 minutes of barking, 10:00 p.m. to 7:00 p.m., fines range 100 to a thousand dollars or prison. my new rescued baby has been barking, we have to teach her not the bark at people. she's learning. very smart. she's learned everything else. what do you think, dagen, would she figure this out stop barking at my friends? dagen: she will, governments have no business trying to fine people for their dog barking. neither one of them barks but i'm lucky, we had mabel, mabel
barked nonstop, they have no business, of all the things that they should be taking care of, worrying about someone's dog barking. >> i can just imagine how many people are staying up late reporting the barking of the neighbor's dog, right, and the question is 20 minutes consecutively, 20 minutes in total. there's a lot we don't know. maria: funny. oh, boy. yeah. [laughter] maria: coming up jobs in america, top ceo's met with president trump with meeting workforce policy advisory board yesterday. their visions for the economy coming up and then big health care merge to tell you about, amazon, berkshire hathaway and chase have finalized name for healthcare company. back in a moment right here
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markets, worst week actually in several weeks, dow industrials yesterday closed is 32 points, s&p 500 down 18 and nasdaq down 70 points at 4:00 o'clock on wall street yesterday. in europe we are waiting for ecb decision and news conference from ecb president mario droghi investors are wait to go hear about tightening policy, last checked we were looking at 1% growth for the euro zone in 2019. ftse down 31, dax index in germany down 34. in asia markets slowed down with the exception of china, fractional move, higher. president trump hosted event highlighting jobs coming back to the usa. >> we have companies coming into this country at a record pace and really at a pace that nobody thought possible. they want to be where the action
is. maria: we will speak with one executive that was there, talk about where the gaps are. ohio's production line coming to a stop, general motors idled the plan which first opened back in 1966 and rethinking retail plans, amazon closing all pop-up stores with the technology giant is planning instead coming up. coming into focus jpmorgan, amazon and berkshire hathaway have revealed name of venture and we will tell you where that and priorities of insurance company, emotional night for lebron james, his reaction right here later this hour. all the stories coming up, first story this half an hour, jobs in america, president trump meeting with top ceo's yesterday for the first meeting to have american workforce policy advisory board. the president touting his record on manufacturing jobs. >> if you remember from past years, others said manufacturing was not going to happen, those
jobs were never coming back and they are coming back. they are rolling back, 600,000 and a lot higher when the next report comes out and it's been something the manufacturing jobs would be up to getting close to record numbers, nobody thought they were coming back. how does that not happen, if manufacturing jobs come back, does the country come back? and we are doing really well. maria: the president's daughter ivanka trump is leading the national association manufacturing president ceo jay, he was at the meeting, thank you so much for being here. >> good morning. >> tell us the take away of the meeting yesterday, what were the priorities. >> the interesting take away as you heard, manufacturing is really on the rise right now, created 450,000 jobs in the last 2 years and the two years prior to that about 60,000, you can see that it's a huge increase the number of jobs being created
in manufacturing, it's no secret why, it's because of tax reform, it's because of regulatory certainty so manufacturers are optimistic about 91.8%, 9 out of 10 are optimistic about the future, the record has been consistent for 9 consecutive quarters but the problem that we have right now, you can't find enough people to do the jobs that we have open. we have 428,000 openings. maria: what about educating our people in terms of what's going on with machine learning, ai, china, i mean, all of these threats seem to be getting higher, what are we doing to counter that. >> yeah, i wouldn't call it a threat, i would call it an opportunity and that's exactly what the focus was yesterday and i think the administration is very, very right to be able to look at what we need to do to align our educational curriculum, to be able to promote the new jobs that are available in manufacturing, all
based on technology and robotics and artificial intelligence. maria: right. >> the jobs aren't leaving us in fact, as we just said they are coming in droves but we need people with the skills necessary. maria: changing the skills is really what i'm asking? >> i don't think we are doing it well enough. we are somewhat and certainly that's one of the things we are doing at the national association manufacturers is we are working with institutions and higher education, elementary schools to try to make sure that we align the curriculum for the job of the future. maria: james. >> james freeman at the wall street journal. good to see you, i wanted to ask you, you mentioned there's general optimism that a company can't find workers, we have seen lately soft data for manufacturing, service data from the service economy but manufacturing numbers kind of soft, is that the employment problem not being able to find jobs and continuing or you think there's a blip as we go forward
through the year? >> let's hope it's a blip, james, you're exactly right, it's hard to produce what we produce without people to do it, so there's 428,000 as i mention openings today, the manufacturing institute have studied the problem for many years, latest data indicates that we are going to have to hire -- this is amazing number. 4.6 million people over the course of the next 10 years, the trajectory that we are currently on, 2.4 million jobs will go on, that's not good for productivity and not good for output and not good for american standing in the global economy. so we define those people, we need to train them and educate them and that's what the american workforce -- >> urge the president to lift innovation levels? >> there was discussion of immigration and you saw it publicly yesterday and the president even talked about the need for legal immigration to
help with some of the crisis, the national association has put out a way, comprehensive look of what we need to do and tries to get through the rhetoric that we are seeing on both sides of the issues and come up with a solid and thoughtful plan. maria: that's what you hear from technology ceo's because they can't find people, former president of google china, here is what he said about it. what are the jobs that are most at risk of being eliminated as a result of artificial intelligence? >> well, we have seen jobs, jobs at most jobs reaching quantitative decision and actually the white-collar job, entry-level job that we are seeing most at risk. then i think the -- a lot of the
same environment blue-collar work will get displayed. maria: that's why i brought up the issue of education because a lot goes right to that, you to train people. >> absolutely, seems as though there's a big push individual companies are undertaking nearly substantial training programs that work particularly in the space before they are going directly as i understand it to community colleges and even high schools now and getting kids into workplace programs which by the way i think it's fantastic because kids are not learning the skills they need in our high schools and even in our junior colleges. >> exactly right about that. there's no question. >> can i ask you another question just following up, is the growth of manufacturing mainly from domestic companies that have not been impacted by all the tariff wars or so forth or do you see over the next couple of years a lot of european companies setting up shop in the u.s.? where do you think the sweet spot is?
>> so i think the sweet spot is really for domestic and international companies because of our very capable tax rates, you are seeing direct investment, expansion of traditional domestic companies here and that's what's leading to the growth and jobs that are available. i think liz is right, though, if we don't train today at our -- at our elementary schools and high schools and through our technical schools and community colleges, we are not going to be able to continue successful in the future, that's exactly what the president set up for. dagen: hey, jay, stop shaming individuals if they choose not to get a 4-year college degree and i can't wait for more of the technology companies to just hiring right out of high school. if you can find 5-year contract with us after your training is over with, i'm looking for those
days. maria: yeah, you're right. >> the jobs are so exciting, we just completed our 2-week manufacturing, 8 states , 25 cities, we visited all kinds of manufacturers and technical schools and you should see the jobs that are available today, kids love to see what's going on. maria: again, this goes back to education, we need an education policy that ensures we are teaching these kinds of things in middle school so that younger people understand where -- where the skills are that are necessary to thrive in the future. jay. >> my third-grade daughter prevented me with a little plastic heart that she 3d printed in third-grade class. i was so excited. maria: i love that. dagen: i have 3d printed, i thought i was the coolest thing ever. i will show it to you later. maria: jay, thank you so much
jay timmons. be sure to tune in for jobs in america, kicking it off at 8:00 a.m. eastern, identify where the jobs are and how to get them tomorrow morning. jeopardy host revealing he has cancer, lauren simonetti. lauren: announcing that he is fighting stage 4 pancreatic cancer. >> i plan to beat the low-survival rate that is this disease, truth told, i have to because under the terms of my contract i have to host jeopardy for 3 more years, so help me, keep the faith and we will win. lauren: we wish him well. 78-year-old right there making light of the news according to tmz he does plan to at least finish jeopardy's current season. we wish him well. amazon, berkshire hathaway and
jpmorgan has a name, heaven, tackle rising healthcare costs, haven for 1.2 million employees and family members, amazon shutting down pop-up stores, all 87 closed by the end of april, amazon says it's rethinking fiscal retail strategies and more cashierless amazon bookstores, now they are moving back in, maria. maria: thank you, lauren. emotional day for gm workers this morning as final chevy rolls off the line in ohio plant, what's next for the automaker and that plant coming up? lebron james big moment last night, the lakers reaching milestone passing michael jordan on nba career scoring list, air jordans coming up
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and works with tools you already use. investment opportunities beyfirsthand, like biotech.ne because your investments deserve the full story. t. rowe price invest with confidence. maria: welcome back, emotional end, general motors closing ohio plant. ashley webster. ashley: very sad, the very last chevy cruise coming up the assembly line, in place since 1966, no longer gm now closed
factory, part of restructuring of gm, one in ontario canada, in all about 14,000 workers, now the complex, a place that he wanted to remain open, politically in part of the country important to him. gm says, sorry, we are restructuring, we are investing in cars of the future, they will focus on suv's, trucks, electric cars and autonomous vehicles. gm says, these workers we will do best to reassign them if they want to and also give them up to $30,000 in assistance to do that. i'd say about a third of the workers have applied to some somewhere else, no doubt, very sad day for specific plant. a lot of tears on factory floor as last chevy cruze drove up
assembly line. by the way, union filing lawsuit, they can't do this, that will play out in the courts, gm says sorry. maria: how can it be against the bargaining agreement? ashley: does not allow with the union. maria: why would gm sign to such a thing? >> americans don't like small cars. ashley: exactly. >> why can't they retool the plant. maria: go to work and suv's. ashley: regardless, sad day. >> amazing complex. there's a whole infrastructure. i'm surprised that they can't
retool -- ashley: may allocate down the future but they don't have the plans in place. dagen: federal government bailed out gm to the tune of $50 billion and they need to -- they need to reduce the production capacity and other automakers have done that, gm is still playing catch-up. ashley: memories of 2008 are clear in their mind. they don't want to be caught with too many factories and too many workers ever again. maria: nba milestone, lebron james getting emotional on the court after passing his hero all-time scoring record. jared max in sports next.
maria: welcome back, history in the making, lender roan james overtaking michael jordan, jared max with all the highlights in sports. good morning. jared: good morning, maria. lebron james was idolizing jordan. >> he moved. all-time score. jared: 31 points and fourth on all-time list, 13 points behind kobe bryant, still 6,000 plus to get to jabar but passing michael jordan. >> i wanted a championship,
inspiration and needed some kind of positive influence. jared: lebron tweeted credit to nike, perfect shoe, bringing jordan 3 to lebron logo, sneaker head and he wrote, thank you, mj23. access to the league than ever before, nba china with the alibaba group, essentially to bring significant content from the nba to platform like never before and enhance the online shopping experience. denver broncos von miller will become coexecutive producer but the voice of lead character on half hour animated comedy to be called mars martian.
he will play the son of a former player that gets relocated to king in mars. [laughter] maria: elon musk is the owner? jared: elon musk is the owner and governor. [laughter] maria: cool stuff, yeah. >> when is the show online where they make celebrities do hot wings while they do the interview? maria: is that right? >> people are candid and so busy trying to stop the fired and not worried about what they are supposed to be saying. maria: we have to get hot wing on the set. dagen: didn't he win dancing with the stars? jared: i don't know. he's a 2020 man. maria: jared great stuff, thank
you. catch jaret sports report fox news 24/7 or siriusxm 115, quick break and it is 5:00 o'clock somewhere, we will tell you the optimal time of day for a nice glass of wine, next hour right here on mornings with maria, back in a minute. i know you want to leave me for schwab, but before you do that, you should meet our newest team member, tecky. i'm tecky. i can do it all. go ahead, ask it a question. tecky, can you offer low costs and award-winning full service with a satisfaction guarantee, like schwab? sorry. tecky can't do that. schwabbb! calling schwab. we don't have a satisfaction guarantee, but we do have tecky! i'm tecky. i ca... are you getting low costs and award-winning full service? if not, talk to schwab. . . .
it is thursday, march 7th. your top stories right now, just before 7:00 a.m. on the east coast. huawei making it official this morning, the company filed a lawsuit against the united states, saying that congress acted as judge, jury and executioner. markets are on edge this morning, futures indicating a lower open forge the broader averages, dow industrials down 90 points right now, the low of the morning right here. s&p a 500 down 7 and a quarter, nasdaq down 21 points this morning. that after another day of declines yesterday. making it three in a row. the market was lower across the board, dow industrials down 133 points yesterday, at the close, half a percent. s&p a 500 was down 18 and the nasdaq was down 70 points. it was almost 1% lower on the nasdaq. in europe this morning we are awaiting on the european central bank. we'll get the decision on stimulus as well as the news conference from ecb president, mario draggi. investors are looking to see what he says about tightening policy. markets are down across the board in europe. fq100 down 30 points, cac in
paris down 18 and dax index lower by 50 points. markets are mostly lower in asia overnight. hillary clinton rethinking a 2020 run now. she said she's out earlier this week. a new report says the door might still be open. taylor swift speaks out, ready to use her voice for politics, she says. and the home of the future, we're taking a look at how one company is using 3d printing to build affordable homes. yes, can you believe it? we're going to show you how. using cardboard to go virtual, a look at nintendo's new vr product for its wildly popular switch. joining me to break it down, dagen mcdowell, the wall street journal assistant editor l y'all page editor, jim free man and liz pete. great to see everybody this morning. >> good morning. i hope hillary clinton comes in the race. i think that would be so much fun. sorry. [ laughter ] >> i really do. maria: it would. >> everyone was shocked she made
this announcement to a small, local newspaper i believe it was and so i mean, it is funny that she woke up the next day and said what have i done. maria: maggie haberman tweeted out a conversation she had with someone close to hillary. dagen: hillary of course immediately pivoted to gender bias, saying how -- why aren't you asked john kerry if he's not running. well, because you ran against trump and lost and you won't go away. you gave this speech in alabama over the weekend, that you lived in the south for much of your adult life and you still can't sound like a southerner and she was blaming the voting rights act being chipped away at as one of the reasons she lost. >> she is also blaming people in minnesota or michigan on race, basically, that -- >> wisconsin. >> wisconsin, excuse me. that's right. i mean, really, get over it
hillary, please. dagen: 1994 crime bill, later which was -- she lobbied for, her sus signed into law. she referred to young black men who were in gang as super predators. remember she said that she wasn't going to drop out of the democratic nomination process against barack obama in 2008 because she said remember, kennedy got shot in june. do you remember that? and now she wonders why a black american -- why black americans didn't come out in the same numbers for her as they did for barack obama in 200 2008 and 20. there's a lot of self-analysis that hillary clinton needs to do. >> maybe. but the clinton foundation needs to raise money and i think that's why -- >> that's why she keeps her oar in. >> i think when you shut the door on future high office that's not -- maria: that's a good point.
they did around the election, i don't know where that stands now, let's talk about that coming up. joining the conversation is housing and urban development secretary ben carson along with new york congressman tom reed joining us, the congressman will be on the panel with new jersey congressman and problem solvers caucus co-chair, josh gotheimer this morning. ted deutsche is here. we've got a big two hours coming up. we kick it off with this top story, huawei is suing the united states. president trump signed a law restricting american businesses from working with huawei over national security and espionage concerns. one of huawei's chairmen saying congress acted as the judge, jury and executer, coming up we're going to talk 340r about t that. president trump has signaled progress in negotiations. >> they're moving along well. we'll see what happens. they're either going to be a good deal or it's not going to be a deal.
but i think they're moving along very nicely. maria: joining me right now is former white house press secretary under president trump, and the author of the briefing, politics, the press and the president, sean spicer is with us this morning. good to see you. thank you for joining us. >> you bet. good morning. maria: the president was one of the first to poke china in terms of pushing back on china and all of the issues that we speak about, not just the trade imbalance but really the i.p. theft, the forced transfer of technology, and now we're learning so much more about espionage and how they're spying on countries across the world. >> absolutely. as you point out, for decades the president's been very clear about his concern about the trade imbalance. huawei is embodyment of all of those concerns at once. it poses a huge national security risk for the united states. as we build out the 5g network throughout the country and other places in the world, there is a
deep concern about china's involvement. it is a state-owned company. maria: right. >> it's kind of rich that huawei is not only suing us but citing our constitution as a concern. if you think about it, we have an entire cfius process to talk about foreign ownership and this isn't even a jump ball. it is controlled by the chinese government. the idea we're taking a further step and protecting our national security and our key cyber infrastructures is crucial. they already have foreign problems, foreign ownership issues with u.s. companies doing business in china. the idea that they'd come here and basically be doing it through a back door technologically speaking is something that the president's very right to be detectiving. maria: it's one of the issues i brought up last week the huawei's chief security officer, andy purdy last week, i mentioned he has communist party members on the board of directors. here's what he said about i.p. theft. >> on the theft of intellectual
by the china government. that's not us. we don't speak through the china government. i a applaud the efforts of the united states and others to try to crack down on the global theft of intellectual property which has been a disgrace over the last 15 years that we haven't done enough about it. so i'm glad to see president trump is raising that as an important issue in the trade talks. maria: well, there you go. the follow-up there was how many people on your board are from the communist party. and there are several, actually. >> i look at i.p. theft as two things. one is the manufactured goods. so if you think about everything from movies to knock-off watches and iphones, things where they're stealing our intellectual property and making products that present themselves as u.s.-made products. but then you have the intellectual property that huawei really poses a deep threat on which is going into the networks and pulling out the guts of what a lot of our companies and networks that our things run on and the computing and being able to embed their information into our critical
infrastructures. i think that's the big problem that huawei poses. i don't think people understand that. just owning some of their phones in itself, you've got to be able to pull it back and wonder what's embedded in that phone. are they able to send back encrypted data and messages and other key infrastructure type things. maria: which is why when the secretary of state was in the studio a couple weeks ago he said if european countries are using huawei telecom, james, then the u.s. is going to have to pull back and not share all of the information that normally we would with our european friends. >> that's right. i think that was a really key interyou view, just pointing out there could be consequences to countries that don't cooperate with the u.s. on this. but sean, i'm wondering as a political question, in terms of persuasion, do you think the president has a good political case here, whether it's to a domestic audience or countries overseas, that he's trying to persuade not to use huawei technology? >> i think domestically, james,
it makes a ton of sense. i don't think there's a ton of concern about standing up to china in any of these issues, whether it's trade, i.p. theft, et cetera, tech transfer. the president's going to be hopefully rewarded in a bipartisan way because i think all americans understand not just the national security threats that china poses but the sort of -- the other trade issues that we have with china. i think the president would have bipartisan accolades for standing up to them. i think my fear is more that china presents sort of this cheap option not to just domestic consumers with their phones but also european folks who may not have the same capability to build the networks we do. that's where i think the problem is. they present this cheap immediate alternative that's really appealing to folks that would have long-term devastating occurrence wednesdays. that's why i think the president's not just standing up for america but frankly standing up for the entire world. maria: this is a major issues. we've got to switch gears and
get your comment on this judiciary meeting and how they issued subpoenas to 81 individuals and entity as part of an investigation into president trump, sean. you are one of the people receiving a subpoena. tell us, have you received it? >> i'm not going to comment clearly on anything with respect to this investigation. i will say the democrats started this whole thing off a while back talking about russia and collusion. they had a house investigation, didn't prove anything, in fact came out said there was no collusion. then they put their chips in the senate bassett. they came out, senator burr and senator warner and said nothing. they moved on and chairman nadler said they're going beyond that scope. i think there's a point at which they're going to jump the shark and lose the support of the american people who realize this is purely a fishing expedition into a political poe pon oppone. they're going after the president, his associates, business dealings and past interactions with individuals because simply they don't like him. they're literally on a fishing
expedition. maria: they got their guy, they're looking for the crime. dagen: i want to correct something. they haven't been subpoenaed based on what we know. there's a request for documents, that's different. maybe it takes -- maybe the judiciary committee takes that step. mariaif.maria: if they don't wy send the documents, the documents will be p subpoenaed. dagen: i don't believe it's gone that far yet. >> has there ever been a president subjected to this kind of scrutiny and investigation to your knowledge, sean? >> i think one of the things that's interesting, liz, is it's one thing to be subjected to scrutiny, right. if there's been a crime. if there's something to look into. >> exactly. >> at this point what they're saying is we don't know so we're going to look into all of these entities and all of these individuals and see what we come up with. i think that's vastly different in terms of approach. everyone keeps looking at past issues, where there is evidence of something and an investigation followed it. in this case, i think the democratsing like s like i saidp
jumped the shark. they basically have said we've got to get him. let's figure out associations and people around him and if we dig far enough we'll probably find something and so i think that's the big difference because it's not an investigation into wrong-doing. it's an investigation to find wrong-doing. maria: they have their guy. now they want to find the crime. they're going to go under every rock to try to do that. we know there was wrong-doing in the 2016 election. we know there was fisa abuse. we know that a couple people tried to put their finger on the scale and change an election and get the dually elected president out but there's no mention of that. >> i'm not trying to rehash old talking points here if they want to talk about associations with russia, we know of them. we know the clinton foundation took money, we know the former president received money, we know john -- we know all of these things. and the fact of the matter is is that they have turned a p blind eye to all of those past
wrong-doing that are known and we spent no time investigating those actual issues of wrong-doing. maria: exactly. sean. thank you. we will see you soon. coming you, the hole of the future, one company is using 3d printers to build affordable homes. we will take a tour of that with hud secretary ben carson later this hour. a new way to never be bored, a look at how nintendo is using cardboard in its new vr product for it's wildly popular switch game. back in a minute. ♪ to be nobody but yourself in a world which is doing it's best
anti-semitism because some house democrats are pushing back, this after ilhan omar suggested last week that jewish americans are pushing lawmakers to pledge allegiance to israel. the minnesota lawmaker giving fox news, check this out, the silent treatment when questioned about her perceived anti-semetic comments. >> congresswoman omar, seems like there's confusion among your colleagues. are you anti-semetic? lauren: didn't answer answer there. omar's fellow freshmen and supportersupporters protesting. family dollar, the parent company announced they will close up to 390 stores this year, they will experiment with charging more than a dollar for some items and selling alcohol. dollar tree admitting that it paid too much for family dollar, writing off nearly $3 billion in the fourth quarter. let's take a look. shares of dollar tree, they're up 12% for the year.
that's a one week chart you're looking at. women's fashion retailer charlotte russe is closing all remaining stores as they file for bankruptcy. they have failed to find a buyer and have run out of cash. they had more than 500 stores when it filed for bankruptcy. so another store closes shop, maria. maria: incredible. thank you, lauren. automation transforming manufacturing, the effect on jobs in america coming up next. then, it is wine o'clock somewhere. yes, wine o'clock. we've got the best time of day to enjoy a glass of wine. details on when you should unwind later this hour. stay with us. ♪ it's the way you love me. ♪ it's a feel like this. ♪ it's centrifugal motion. ♪ it's perpetual bliss. ♪ it's that pivotal moment. ♪ it's impossible. ♪ this kiss.
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maria: welcome back. the future of manufacturing rockwell automation helping companies across several industries make their production more efficient. a key issue now is uncertainty over the potential u.s./china trade deal. joining us now is blake morratt. thank you for being here. >> than thank you for allowing o be on your show. maria: we're happy you're here. this is such an important industry and the china story has been integral to really the growth of so many businesses. let me start there in terms of the u.s./china trade deal. has the tariffs and the impact of it been an impact for your company? >> well, the uncertainty is certainly not helping. but as we're providing customers from around the world being more productive, china's an important market for us. the u.s. is our largest market and our ability the to help u.s.
manufacturers do more with less and to create sustainable production processes is really important for us and that continues to be strong. the american economy, the american manufacturing economy remains strong. maria: automation is so important in the manufacturing economy. where are you seeing growth right now in terms of sectors? >> so we provide automation and workforce development for a wide variety of industries within the u.s., particularly important and particularly strong growth areas are food and beverage, as u.s. manufacturers seek to expand their operations around the world. life sciences, as people want to live longer and healthier and we've seen strong growth in the life sciences pharmaceutical industry. certain heavy industries, so u.s. oil and gas and so on. maria: yeah. i mean, in the last quarter you talked a lot about paper and pulp being among those heavy industries that were among the
drivers. does that that stand still. >> it does. pulp and paper added capacity in the late '80s and early '90s. a lot of the equipment needs to be refreshed. we're seeing quite a boost in that industry. maria: we're talking about the automation, industrial automation as far as a growth story for the u.s. what steps need to be taken to ensure that our workers can thrive in today's economy? because a lot of people say, look, our people are not skilled enough. that's why the white house is going through this skilled advisory board, that number of ceos are involved. i know you as well. so tell us about that. >> so first of all, i think the perception, and we're happy to see the trends going in the right direction, that the recognition that manufacturing is at the vital core of the american economy is starting to be more widely recognized. and so as more people look at
manufacturing as a great destination for their career, that's a good starting point. then the concept of life-long learning, so becoming comfortable with s.t.e.m. skills early in their careers and having manufacturers continue to make the commitment to provide training so that workers are comfortable with the advanced technology, that's the winning combination. maria: isn't that about education? >> it is about education. but in a variety of forms. it's not necessarily requiring college degrees. we have a program that we started a year ago, the academy of advanced manufacturing for returning veterans, we graduated over 100 veterans so far on their way to 1,000 a year. most of these veterans have high school educations and in a 12-week hands-on program, we equip them for technician level skills at u.s. of manufacturers. maria: i love that you're doing this because this is really underlining the point that it's really the onus is on private business, the onus is on
companies to make sure our people are trained. >> that's right. maria: it should be a partnership, i guess. you don't want government getting involved in everything but you could actually do it as a private company. >> there's certain things the government can do to help but we're not waiting. maria: exactly. the company recently partnered with schlumberger to create a company with a goal of advancing digital technology and automation in the oil field. tell us about that and about the innovation you're seeing in the oil field. >> so again, in oil as in other industries that we serve, it's about doing more with less. and if you can have more efficient wells, then you have to drill less of them. and so the ability to work with schlumberger, which has unequaled domain expertise in oil and gas and with our control know-how, it's a great marriage, brought together to help advance the concept of a digital oil field. maria: tell me where the growth comes from at this point from rockwell, let's say looking out three years. >> well, it's certainly about
the basic automation. there continues to be demand for the basic automation of repetitive physical processes, but increasingly it's about taking the data that's a natural byproduct of those automation processes and turning it into additional insights, whether it's through artificial intelligence, whether it's through other forms of software based technology to take that data, turn it into insights and working with the people who are in these manufacturing operations to help them make better decisions. maria: a.i. is so important and getting more important. what kind of data are you referring to as it relates to oil? >> so a lot of that is about predicting maintenance issues before it causes down time. maria: i see. >> nothing drives a return on investment like reducing unplanned down time and so that's a big part of the focus of what we're doing with schlumberger. maria: we're looking at a chart of your stock. obviously you've done real well in terms of your execution and
we are happy to report that your company was named one of the most ethical companies in the world. >> well, it's about long-term value and it's about winning the right way. and it's important to our customers, it's important to our share owners and it's important to our employees. it's one of our best recruiting tools. maria: blake, it's great to have you on the program. >> thanks so much, maria. maria: thanks so much for joining us. coming up, longest held american hostage in history, we're talking with the son of bob levinson this morning. the former fbi agent was held nearly 12 years in iran. wait until you hear this. that's next. stay with us. sir, you're a broker. what do you charge for online equity trades? ♪ ah, i'll look into it. [phone ringing] [beep] lisa jones! hey carl, what are you charging me for online equity trades? [nervous laughter] and do i get my fees back if i'm not happy? like a satisfaction guarantee? ugh...schwab!
maria: welcome back. good thursday morning, everybody. thanks so much for joining us. i'm maria bartiromo. it is thursday, march 7th. 7:32 a.m. on the east coast. markets are lower this morning many. dow industrials expected to be down 60 points out of the gate, s&p 500 is down 5. after day of declines yesterday, making it three in a row. the s&p 500 was down 18 and the nasdaq down 70. the big event this morning is the european central bank meeting, we will hear details out of the ecb in about 15 minutes on whether the ecb will move on interest rates, provide stimulus for the european economy, mario draggi, the president of the ecb will give a news conference.
we're looking to see what he says about tightening policy amid the economic slowdown in the region. we were expectin expecting the e to grow 1% in 2019. fq100 is down 26, cac down 18 and dax index down 56. asia overnight, markets finished mostly lower, fractional moves, the hang seng worst performer, down almost 1%. top story this half hour, bringing americans home. president trump spoke out yesterday on negotiations for americans held captive overseas. >> we've gotten a lot of them out and they shouldn't have been there. aya from egypt and many others, north korea, we have a few negotiations going on right now. i won't tell you where because we don't want to blow the negotiation out the window but we have a few negotiations going on. maria: one of the americans that the president could be talking about is robert levinson. you remember this story. he disappeared in iran 12 years ago on saturday, levinson was in
the fbi and on a private investigation as a contractor for the cia when he disappeared in iran. today, his wife will appear at a hearing on cap l toll hil capito discuss the status of american hostages held in iran. joining me right now is congressman ted deutsche and robert levinson's son, daniel levinson joins us as well. good to see you both. thank you for joining us. >> thank you. maria: congressman, you are going to be bringing -- introducing a bill that would create a special presidential envoy for hostage affairs. tell us about this and whether or not you believe bob levinson will be freed any time soon. >> well, thanks for having me and it's good to be with dan as well. bob's the longest held american in history, saturday will mark 12 years, and we have to do everything we can to bring the world's attention to bob's case. that's why we're reintroducing a resolution that yo i introducedy
congress to get the entire house of representatives on record, speaking as one to bring bob home and the legislation that you talked about that will elevate the person who is in charge of working to negotiate to bring home all hostages in this case the focus being on bob and will impose sanctions on countries who take americans hostage. maria: yeah. >> this is an issue that should matter to every american because every american is at risk when one of us is taken hostage around the world. maria: daniel, have you heard anything about your father? what can you tell us? >> we're constantly hearing from people inside and outside of iran. there's sightings of him. it's always encouraging because we're just looking for every kind of -- any kind of information. it's been several years since we actually got the proof of life but we're just meeting with anybody who has information, talking to anybody. so that's the latest on him. maria: you're saying you've
heard that there were sightings of your father in iran. >> uh huh. yes, we have a lot of information coming in and out and it's hard to discern what is true and what's not but we know that the fbi's looking into it, the u.s. government's always looking into t and we're going to follow up with anybody who has information. there is a $5 million reward out there for anybody who does have information leading to my dad's safe return home. maria: it feels like president trumps is adamant about making this a priority. do you think there's been enough pressure on iran to free your father? >> we're encouraged, especially with the bills like what congressman deutsche is talking about, that are going to impose sanctions. i think i'm encouraged -- encourage increased pressure against iran, increased sanctions by the united states government over the past year is going to -- we're hopeful that's going to bring the iranians to the table and pressure them to finally release my dad. we learned from experience, 12 years dealing with the iranians,
they only respond to pressure. we're going to have to keep up the pressure. we're hope lful the president and his administration are going to keep doing that. maria: what about that, congressman. what kind of pressure can you put on the iranians to free mr. levinson? >> well, that's one of the reasons that we're introducing this legislation, the idea is that we ought to be able to make countries, in this case to make iran pay if they take americans hostage. you can do that through sanctions. you can do that by denying visas. the important thing to remember here is that bob's the longest held american hostage in history and iran has offered to cooperate and yet they have not. they refuse to acknowledge any responsibility for bob being taken captive and we have to continue to work here in congress and with our allies around the world to increase, to maximize pressure on iran. the president has a powerful
pulpit from which to do that and i've spoken to multiple -- every secretary of state since i've been here, i raised this with anyone in the administration, two different administrations who can help. the levinsons are a beautiful family and they deserve to have bob home with them. maria: daniel, your father spent 20 years in the fbi, he retired from the fbi in '98 and was working as a private investigator when he traveled to kish island, iran. can you tell us a bit about what happened when he left and when the last time you spoke with him. >> well, i can confirm that he never left. he was definitely taken -- detained by authorities there in his hotel somewhere around between the time that he checked out of his hotel and he never made it to the airport. his passport's never shown up in any other countries, no flight manifest ever had his name. we know he's still in the country and the iranian government definitely knows exactly where he is.
it might be just a few people within the government but they know that he was taken on kisha island. it's a small island. i've been there twice now. it's impossible to believing bey don't know what happened to him. it's tight security state. they he know what's going on there. maria: congressman, you serve as the chairman of the house foreign affairs subcommittee on the middle east. what can you do? how has this platform helped you pursue bob's case? >> well, today we're using this platform to highlight bob's case and all the americans who have gone -- have been held hostage in iran and we're holding a hearing so that, again, this congress will make clear that we can't accept this any longer. maria: yeah. >> we're going to give christine the opportunity to speak to the world about bob and maria, can i just add, you have an important network that major business executives watch.
the power of ceos and the business community to actually take a stand here in dealing with the business that affects iran is also important and i hope that people will consider that. maria: i think this is an important point. daniel, i want to get back to this in a moment and ask you what you're expecting to hear from your mother. congressman, let me stay with you for a moment and ask you given your prominent position on the foreign affairs committee, obviously one of the big topics of conversation is your colleague, congresswoman omar's comments. do you want her to step off of the foreign affairs committee, sir? >> well, i'll tell you what i want, maria. i want a very strong condemnation of anti-semitism to pass in the house today. we've had lots of discussions about foreign policy. but the fact is that using anti-semetic tropes like the dual loyalty charge which i take so personally, both as a member of congress and the son of a world war ii veteran, that language is unacceptable and
must be condemned. it's important that we do it clearly. it's important that we do it singularly and it's important that we do it today. maria: how come this keeps getting delayed? i'm scratching my head a little saying well, obviously anti-semitism is -- should be condemned and obviously bigotry should be condemned. we need a resolution to tell us that? this is pretty obvious, isn't it? >> well, of course it should be condemned and we -- maria: how come it keeps getting delayed? it keeps getting delayed, right? >> we should condemn it every way we can. it's important for the entire of house i believe to have the opportunity to condemn the use of anti-semetic tropes that has led to threats and expulsion from countries and violence and death and we need to do it quickly. there is no time to waste, i agree with you. it needs to happen right away. maria: i agree with you, congressman. that's all good and fine. people say that's not going far enough. if you've got a key member on your committee, congresswoman
omar, who is obviously making anti-semetic comments, wouldn't the best thing to just ask her to step off of the committee? that's what the republicans did with steve king, they relieved him of committee assignments. why not relieve her of this assignment. >> i think the last time we dealt with this, just weeks ago, entire house leadership offered a strong condemnation. this time it's important for the entire house of representatives to do the same thing. maria: that would be enough for you, you don't need her to step off foreign affairs? >> and that's it. there is no tolerance for this kind of language beyond that. there is no -- we can't accept it. we can't accept it because of what it does to corrrode the operation of the cease. mariacongress.maria: i get tha. i agree with you. why not ask her to step off of foreign affairs, sir? >> i'm focused right now on dealing not with comments that have anything to do with foreign affairs. i want to today, maria, i want to condemn anti-semitism. i don't want to have a conversation about foreign
policy. this isn't about foreign policy today. maria: it's foreign affairs. if you're on the committee and trashing israel, obviously the first thing is step off of foreign affairs because you object surgeriesly can't -- obviously can't be fair. >> when you're using anti-semetic tropes that have done such damage to the jewish community throughout our history, the first thing respectfully we condemn the use of that language so it stops. when you suggest, maria, the idea that because i am a supporter of israel, that i have some dual loyalty to israel, that is -- that's enormously problematic, not just because it's unfair and unacceptable -- maria: i think we're agreeing with each other. i'm wondering why you're not going the extra step and getting her off of foreign affairs, congressman. >> well, as i said, maria, right now let's do this. tomorrow we'll have
conversations about foreign policy and the impacts and why statements that suggest that our important relationship with israel is founded on anything other than the strong shared values that we have, are unacceptable. maria: we will watch that. very quickly, daniel, final comments from you. what should we expect from your mother today as she testifies in this important hearing? >> i'm one of seven children. my parents have seven kids. they've been married for almost 45 years and in two months my sister's going to walk down the aisle. she's the last one that my dad has a chance to walk down the aisle. it's going to be on my parents' anniversary. and she's going to talk about how tough this has been for the past 12 years for everyone in our family and no family should ever have to go through what we're going through. it's a reminder. maria: congressman ted deutsche, daniel levinson, our prayers are with you, daniel levinson, we hope you have success. congressman, we appreciate you joining us, gentlemen. >> thank you. maria: coming up next, hud secretary ben carson is here.
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it comes out next month. a smaller version will set you back $40. a massive sinkhole opened up at a zoo in louisville, kentucky. officials had to close the zoo after finding the sinkhole the size of a football field. no animals were hurt, no people either. engineers working to find out what caused that. a new study finds something you might have already known, wine makes us happy. 65% of respondents named a tablaglassof wine as their best. when is the best time to indulge, 6:59 p.m., that was voted wine o'clock if you will. if you really love wine, wait until you hear this. look at this. the vineyard in portugal, you can literally sleep inside a wine barrel. these are replicas of wine barrels made of pine. they include the amenities of a regular hotel.
you even get wi-fi, $300 a night. i know you're going to ask me, is the wine free. you get a free tour of the vineyard. i'm sure you can sip a little bit for free. maria: that is gorgeous. lauren: it is. definitely clever. maria: 6:59 p.m., wine o'clock. coming up, the future of home building, one company is using 3d printers to build affordable homes. we're taking a tour with the hud secretary, ben carson. he's up next. back in a minute. 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. revolutionizing home building, one company managed to do the unthinkable, build a home in less than 48 hours for just $10,000. that's icon, the austin based construction company. it's using 3d printing to build homes. joining me now is housing and urban development secretary ben
carson who will tour the 3d printed house later today. thanks so much for joining us. >> good to be with you. maria: tell us about this icon, sounds pretty extraordinary. >> ha there are a lot of new technologies coming onlined. we have an affordable housing crisis. what we have to do is update what we do and start thinking out of the box. icon, i wanted to come down here and witness it for myself. i've reason things about it and -- i've read things about it and seen things. this technology is able to print a house, believe it or not, in a short period of time for amazingly little money. and there are other types of technologies that are coming along in terms of building materials to make them much more resilient. but you can see how something like this could be a tremendous advantage to us after a natural disaster where multiple homes are destroyed. you think about what happened last week in alabama and the
ability to now come in and produce -- these are -- they appear to be nice homes. you also look at the technologies and other types of buildings, accessory dwelling units, tiny homes, manufactured homes. a lot of times when people think of manufactured homes they think about trailers. we've gone far beyond that and now manufacture housing looks better than site-built housing and is much more resilient. looking at these kinds of things i think we have an opportunity to make a real dent in the affordable housing crisis. >> secretary, good morning. the issue is price. do you have any sense ' at all, can you give us a clue about what the cost of something we're looking at on the screen amounts to? >> well, they say they were able to produce that house for like $10,000. but i think by the time you get through with the plumbing, all the amenities, electrical, still
talking 140, 150, $160,000. which is considerably less than the average price of a home. >> sure, competitive. >> yeah. and resilient also. you're able to build it out of materials that can resist natural disaster. because that's what we're really concentrating on now. i will have to give credit to our congress who actually came up after the 2017 season of unprecedented disasters with enough money for us to actually begin to concentrate on mitigation. maria: secretary, i know you're going to be stepping down soon. we so appreciate your time this morning. thank you so much. >> thank you. maria: ben carson there. we'll be right back. this is not a bed... it's a revolution in sleep.
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maria: welcome back good thursday morning thanks so much joining us. i'm maria bartiromo thursday march 7 kl a.m. on the east coast top stories chinese telecom giant huawei making it official filing a lawsuit against u.s., saying that congress acted as judge jury and executer, markets on edge well off lows of the morning dow industrials now down nine points s&p 500 in positive territory by a fraction, and nasdaq right now lower by two, a big bounce, after ecb meeting this morning, where we did not see any moves in interest rates, another decline yesterday, for the markets making three in a row dow industrials down 133 points s&p down 18 nasdaq down
70 european central bank left interest rates unchanged this morning setting a new round of long-term loans ecb president mario draghi holding a news conference later we will bring all developments as you see her a turnaround after ecb meeting markets well off lows ft 100 down 15 points cac quarante in paris positive by 3 points dax in germany down but 10 points right now bounce after meeting this morning in asia overnight market mostly lower exception of china shanghai composite up a fraction push for privacy at facebook zuckerberg shifting focus to private communication, details on this major strategy shift to world' largest social network apple slowing iphone sales a look at what giant is looking to do, instead, with services that has become a big business for apple twist on cheesesteak raising eyebrows salty and sweet as well. controversy coming up, all
those stories thursday morning to break it down fox business network dagen mcdowell "the wall street journal" assistant editorial page editor james freeman fox news contributor elizabeth peek great to see you. >> good news from ecb i guess great. maria: we will see if ecb starts easing at some point economy in europe is quite slow. the other day mohamed el-erian was on said eurozone would be lucky to see growth gdp growth of 1%. >> approach forecast i think expectation going to lower it i don't know if they did need a change in -- regimen lower tax deregulation familiar? >> in france 33% corporate rate in op-ed today jaimz. >> yeah instead of he doing reforms you are talking about want the rest of the world to force tax rates higher not good for growth, but you
wonder with europe loose monetary policy government of greece in bond market borrowing money healthy demand less than 4%, the -- saying you haven't done privatization, he reforms you want to see, so doesn't really make sense why -- these highly about indebted governments can borrow so cheaply see how long they can -- >> they know going to about bailed out by ecb why right? >> there is -- >> i think a reckoning some point if you don't. >> for sure. >> transition as we have done, to a real economy. >> yes. >> decision making. >> i was going to say the -- want to point this out u.s. economy is so much healthier than the rest of the world why our trade deficit hit record last year i will call out a lot of the publications a lot of media organizations the way they are framing this trying
to bait the president into doing something destructive to economic growth in this country. >> flower expanding trying to narrow gap front page "new york times" u.s. trade deficit under president bulges to record failing -- >> i think they are trying to opec president into doings something rash. >> i any reading it right we will talk about op-ed on tax rates in france the u.s. response what mnuchin said about that first top story this hour is huawei suing the united states, as president trump signals progress with china on trade talks blake burman covering the story at the white house this morning blake, good morning to you. reporter: good morning to you huawei fighting back as sued u.s. government in a federal court, at issue here is provision that was in the middle of the national defendants authorization act, that was put into law the end of last year says federal agencies cannot use huawei products, now huawei is saying
that that is singling out company they claim is unlawfulful the chief information officer said company should be trusted is completely separate from chinese government. >> on theft of the intellectual property by china government that is not us the china government does not speak for us we don't speak for china government i applaud effortings of united states others to try to crack down on global september 11th intellectual property grateful 15 years we haven't done enough about it. >> issue of ip theft you heard the heart of a possible trade deal between u.s. and china president trump yesterday, continues to remain more optimistic than about about pessimistic at prospects of a detail moving along discussing that, moving along well we will see happens where, either going to be a good deal or not going to be a deal i think moving along nicely.
>> as you talked any possible deal needs to eventual be signed off by president trump and president xi of china a possible meeting between those two are likely meeting between those two as relating to possible date has not yet been firmed up by the white house. maria: we've been hearing rumblings end of march in mar-a-lago. >> end of march we will see awaiting official word. >> thank you blake burman at the white house joining me house ways and means committee remember tom reed, thank you so much for joining us this morning. congressman read in terms of huawei suing the u.s.? >> obviously, they have been one of the individuals we have been looking at in regards to intellectual property theft unfair trade advantages of chinese government has taken advantage of vkt being imposed
by this administration right thing to do. >> is this common ground congressman, in terms of china? you know. >> huawei says, it is -- the congress you and your colleagues acting as judge jury executioner. >> i think we need to hold them venl tom is exactly right we know there are questions of practices a lot of our security at stake we have to about incredibly mindful of that wary of intentions and hold them vbl at ever step. maria: how do you do that? isn't that the question here, because this is a culture they have been stealing ip for decades, i don't know that you change a culture, so yaeflz they have got a lot of money they are acquiring companies from energy to financial services, acquiring companies in silicon valley got confucius centers in and around silicon valley to soak up more intelligence from u.s. how do you turn this ship -- >> i think we make sure we don't put 5g centers all over
united states great companies qualcomm doing that be careful national security perspective of watching ip being vigilant i think administration holding them about accountable. >> we don't have a trade agreement per se they work under old wto type standard we need enforcement mechanisms at the table that when you engage in these activities, the theft of intellectual property there is accountability immediately about enforceable in those agreements i so appreciate president trump sitting at table face-to-face enough is enough we are going to how would accountable, enforcement is critical they said they would do things in the past didn't follow up like they said buy beef, so you think there is a measure congressman that you can actually put in place, that if things go awry they don't keep up their promises you can quickly and easily put tariffs back in place. >> i think we have to, i think we need to use our legislative
authority, to do that. of course, the administration has to enforce it enforce all trade deals. but i think we have to act and i agree that with tom we've got to find a way the mechanisms in place to make sure we can react they can't steal intellectual property all technology they have been doing it a long time time to put our foot down about it. maria: i agree such important subject we have been covering it a lot thank you for input both of you on this let me move to another issue house democrats obviously defied over how to deal with this measure, on freshman congresswoman ilhan omar comments regarding u.s. policy towards israel a vote on resolution contending anti-semitism delayed as raument what is with delays can't we agree, that anti-semitism should not be in foreign affairs committee in congress? >> i think there is sweeping agreement about the fact there is no room for anti-semitism in our country or any hit a,
xenophobia no room for that in public discourse so i am won jewishidea someone question my to united states of america because of faith unacceptable just like unacceptable when they questioned president kennedy's allegiance to great down because he was catholic. >> clearly anti-semitic we talk about rhetoric unacceptable many years especially last couple years we need to address in a we can't get lost what happened here a member of congress said about -- about me, my faith, question loiblt unacceptable we all agree with you, but how come it keeps getting the delayed like what is the delay? what are we questioning? >> i think it is -- i think honestly it is a question of all there are so many issues
that, of course, concerning when it comes to hate in this country what else should we address in resolution we bring to the floor what discussion is about at this point, i don't think anyone is questioning anti-semitic comments were unacceptable we are trying to get there, but, you know, it is -- it is unacceptable, there is no room for it as you point out. >> do you think she should step off foreign affairs wouldn't that cure this? >> i think that sornl above my pay grade i know what i feel about what was said, that is what i can speak to unacceptable questioning anyone's loyalty to united states of america because of fate unacceptable we have to make sure people understand in this country no room for it in rhetoric. >> nancy pelosi's decision then right. >> it is but maria i add one thing i so appreciate josh leading the charge standing up. >> me too. >> and leading that charge,
taking on anti-semitism head on this is a symptom of extremism in politics this is more about a political issue that i think we need to face potentially in republican party after 2010 now seeing democratic party a very strong vocal minority trying to push back on this issue, be internal politics more than dealing with the actual root cause i encourage colleagues on the side stand with josh send a message anti-semitism is not allowed anybody who speaks it believers in it needs to about called out should not be in any party gl democrat or republican. >> let me ask you about taxes, new york 12.7% the highest in the country, new jersey ranks number three by the way, local tax burden 12.2% information according to the tax foundation, both your states dealing with exodus of residents fleeing to legislator tax states what are you going to do about it.
>> putting pressure on state capitol encourage fellow new yorkers wake up we need to change policies out of albany that are going to lower taxes business friendly climate to the table across all spectrums in new york stand with existing businesses first before you hand out goodies to potential people you want to entice. >> a deal in new jersey do you have the power to move the needle. >> jobs i will take them in jersey especially amazon we will take them let me be clear we've got to have taxes in new jersey, tax hike bill through last year raised taxes pointing out because of gutting sale of reduction we've got to reinstate it stop double taxation working on that but frankly i am sick and tired of takes take being our dax dollars in jersey we are not getting anything back a tunnel between new york and
jersey crumbling we are sick and tired of it. >> got to get salt back critical. >> good to see you thank you very much for joining us. >> good to be with you. >> we will be right back. thank you clients? well jd power did just rank them highest in investor satisfaction with full service brokerage firms...again. and online equity trades are only $4.95... i mean you can't have low cost and be full service. it's impossible. it's like having your cake and eating it too. ask your broker if they offer award-winning full service and low costs. how am i going to explain this? if you don't like their answer, ask again at schwab. schwab, a modern approach to wealth management. (butcher) we both know you're not just looking for pork chops. you're searching for something more... ...red-blooded. right this way. you thirst for adrenaline, you hunger for raw power. well, you've come to the right place.
maria: welcome back we are watching shares of kroger this morning falling on earnings gerri willis on the floor of the new york stock exchange good morning. >> good morning, maria. that is right a double miss for kroger on top and bottom line take a look at numbers, stock down nearly 10% here each of them ps 52 krens a share was expectation, they came in at 48 cents a share. revenue estimate 28.38 billion, 28.1 billion, as you can see, right here, so big disappointment in this really a narrow margin business very difficult business for margins so narrow this company spending heavily on technology, and delivery services to compete with
walmart amazon stock down mightily friday after amazon announced going to start their own line of grocery stores major american cities. >> costco big for that eps estimates 1.69 up marginally here, we expect a positive earnings result and revenue, should be higher as well, 35 billion so higher membership fees e-commerce revenue should be higher for costcois we will wait and see, back to you. maria: coming up next, defending a border homeland security secretary kirstjen nielsen defending emergency declaration over the border crisis, italian line a no flip-flop rule for tourists. back in a minute.
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maria: welcome back, homeland security secretary kirstjen nielsen defending the national emergency declaration. >> lauren. >> secretarying saying the countrys faces a serious sustained crisis at the southern border in testimony, before the house, homeland security committee yesterday. >> the projections are dire at current pace on track counter -- close to one million illegal aliens at our southern border this year. >> capacity severally restrained increases will overwhelm the system entirely. this is not a manufactured
crisis, this is truly an emergency. >> senate expected to cast measure in opposition to national emergency declaration the president vowed to veto that resolution. softbank makes at about, japanese country launching five-billion-dollar fund to invest in tech start-ups softbank will work with saudi backed 99-billion-dollar vision fund to make booir investments shaken up tech industry with flashy investments start-ups including uber and we work, finally, an historic philadelphia restaurant putting together two of famous foods cheesecake pound cake selling hybrid sandwich every every tuesday this minipound cake cheese take with chocolate icing for the anniversary some writing april fool's day next month not
getting rest reviews as you can imagine. >> very practicable maria. >> -- i don't like it, what do you think. dagen: with that i am just thinking like a hamburger instead of a bun use two krispy kreme donuts the same just -- >> wear -- mushrooms pepperoni some call that a carmen -- >> there you go. >> sounds like a heart attack on a plate honestly. >> it does. >> italian, when i used to eat meat had broccoli rabe and beef steak -- >> a different direction. >> yeah. >> coming up facebook privacy push to mark zuckerberg's plan to go private sharing after losing users, details next economic economic data initial jobless claims out moments
before w8 a.m. east coast stimulus from european central banks a turnaround futures as you see higher across the board etch cb left rates unchanged in europe the bank taking new measures to support struggling european economy ecb launching new round of you long-term loans markets reversed course usasse well as europe ft 100 lower, cac quarante up 11 dax up 15, ditto for u.s. markets as you saw a moment ago, we are waiting on jobless claims to be out 30 sections right here asia overnight the markets, as you can see, lower across the board, with the exception of china shanghai composite, did skwaek out a fractional game iphone sales slowing could be problems brewing for apple, end of era general motors closing ohio plant open since 1966, a fine over flip-flops a
major tourist destination in have italy focusing on footwear you have to pay up we have the story, first we begin with facebook futures zuckerberg unveiled a new plan to address privacy conference, after losing users joining me now is web securities managing director equity research dan niles good to see you. >> let's talk about what you are seeing, out of -- out of this company, and whether or not this is the way to move in terms of facebook and private -- >> i think -- given what they've seen beltway brussels some extent here need privacy perspective to kind of give directionally going -- it comes down to monetization, the game hasn't changed how they are going to monetize this, that is investors are focused on, i think right now they can -- uphill battle. dagen: going to over
encrypted messaging, some private conversations, the problem facebook has never figured out a way how to make money, expect from revenue from advertisers this hurts facebook to your point issue has not been -- it is how facebook treats our private information just because you say our conversations are going to be priest private in the future how approve you are not selling data coming through conversation to get juicy details and sell to advertisers for money. >> playing nice in the sandbox 98% revenue not going to change as they went through congress, they went in brussels, kind of done some of those moves the numbers of you seen advertising revenue has not been -- this is a move they need to continue to grow from the a -- that direction
especially when you look at apple you saw t, when the other side right now kind of a battle brewing among tech giants, facebook one side apple on the other. >> i said privately quickly i went through my preferences on fact app rarely use facebook anymore i use instagram owned by facebook, under ad preferences said advertisers who uploaded a contact list with your information, in it a thousand i barely use that. maria: a you can do that go and see how many advertisers. maria: who they are, i you have to block every single one of them basically delete them. >> almost impossible what we know from last week, that even if you are not on facebook, they are taking your information somehow and selling it so it seems to me that this constant parade of mea culpas from facebook are
become meaningless they are going to have to do something is to address this issue or people are going to stop using facebook. >> in terms of what you are seeing in perspective that is pushing back the stock jumped significantly investors view it background noise maybe a year ago overhanging in stock. >> i don't understand the business model going forward you are saying that they are not going to get their money from fees from subscription almost entirely advertising. >> you can start but laeflt rig realistically. >> if in a big way from publishing yens able to see it to private communications small groups audiences restricted from seeing it sounds on face much lower
advertising revenue. >> they can charge more per thousand or per chat group? how do they -- >> you compared to whats app. >> private how much 19 billion dollars for whats app have not figured out how to monetize private messaging i don't mean to interrupt you to build payment systems e-commerce systems within private messaging apps theoretically make money off -- >> it is driving -- a acquisition trying to monetize that. >> why would that mean private conversations are not going to advertisers. >> that is why -- fund meantically looks good on paper. >> p perspective, if you are saying used to have audiences for stuff we are going to tiny
audiences, doesn't sound -- >> investors will see kind of i think shrug shoulders in terms of this. >> what -- >> but you have to think about in terms of say, the imessage that apple offers a protected messaging service, in imessage you can use your apple pay and send cash to people. that is the model that facebook is o potentially using is offering private messaging. >> the ultimately goal, but first step where you have to really get those private -- you can also monetize. >> the issue of mark zuckerberg because he is -- well a phony boloney has damaged the company reputation his reputation so much does anybody believe him? >> again, this is impossible to quantify but raises the
issue of -- can they build out this idea with the users trusting this guy? >> look i think right now uphill battle for him to prove not just consumer but investors they can do this successfully right now stock in the penalty box the other thing. >> with you avoiding the stock. >> we much rather own a name like microsoft, on the cloudy, large caps -- or even apple. >> what about apple they are their issues, slowing iphone sales, apple's app themes might be next pushing back how much apple is charging. >> fell off the cliff in china about the service 50 billion a year right now, look you saw netflix pulled cord going off app store for apple march 25
will announce video streaming putting on that content services side we ultimately think apple continuing to have pressure do acquisition on content original content that is going to courts in terms of the app store. >> one of the derivative problems with bad publishes europe feeling freer to impose taxes on revenues, you know this is a small thing now europeans don't like big tech companies very well i think latest was a proposal that they are going to start to tax revenues, maybe that is what all this leads to not regulations on prievacy. >> the four getters no company wants to hear gdpr. >> i think the fear tech you look at apple specifically, services attend to about
valuation, right now more and more pressure on the services side, and i think netflix just start of this. >> we leave it there great to have you on the program thank you so much coming up high motor vehicles at general motors final chevy roll off the line ohio plant what is next for the automaker flip-flop fine a top tourist destination in italy wants you to pay up if you are not wearing the right footwear, back in a minute. >> welcome back to tennis channel court report fox business. it was plenty for home fans to cheer important indian we'll american women red white and blou. 17-year-old amanda, is youngest player in the top 100 cruised into second round straight sets win over serbia. >> sofia continues her form with comeback win over china.
fighting her way back into match after losing opening set 6-1, third set -- didn't go so well i was fighting like i said, you are amazing i love playing out here. >> don't forget you can watch all the action from indian wells on tennis channel live coverage 1 pm eastern. ♪ i hear it in the background and she's watching too, saying
maria: democrats pushing a vote to condemning anti-semitism, nancy pelosi facing conflicts this morning host of "varney & company" to weigh in on that talking about this a lot this morning. >> look, if you can't condemn anti-semitism clearly don't be in congress, if you can't condemn the storage scourge of centers you are a disgrace if you can't recognize and understand that there is a crisis on our border you are wilfully blind. and if you insist on undermining pet constant investigations looking for dirt of any kind, you are just a hater, disgusting to the state of democrat party i am going to let everybody know on my three hour show they are a disgrace. >> i had two democratic congressman on last 15 minutes, stu kept asking that question, why do we need why
do we need a resolution to condemn this i don't get it, why should you -- >> i don't understand. >> are you kidding me you can't get the wording right that is pathetic! >> we are watching i know you have a lot more see you 15 minutes, are top of the hour. >> i promise i will calm down. >> stuart varney. top of the hourat "mornings with maria" join stuart wonderful panel coming up, first beyond clothes rented runway in your home a partnership we've got it right after this back in a minute. ♪ ♪ this is your invitation to exhilaration. this is the invitation to lexus sales event.
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hover planned ending production lauren simonetti with details. >> sad story for the workers last chevy cruise rolling off-line at gm ohio plant more than half a century making 16 million vehicles that is now idle 1700 jobs lost. >> this is a day i don't think anybody ever saw coming. it is very tough it is hard to swallow almost surreal like is this really happening night will be a blow to all the businesses that rely on general motors. >> first of five north american factories gm plans to close. >> runway expanding beyond designer clothes to allow
renteding home goods blankets, quilts unlimited subscribers pay $159 a month to rent four outfits as long as they wish home goods count as one of four millennials move around maybe don't want to own furniture, this italian hot spot cinque terre is flipping its rules on outsets people reportedly find up to 2800 dollars if caught wearing flip-flops sandals pumps on hikes through those hills officials say sick of rescuing people wearing wrong shoes why wear high heels if in cinque terre? >> maybe people don't know what they are up against don't realize terrain. >> you better realize now otherwise out 2800 bucks. >> numbers. >> only means money. >> a lot of money. >> it is a growth industry it is interesting someone goes
hiking in one of our national parks don't have a map don't take with them he have a search party that spends tens of thousands of dollars to finds them should be accountability i think this is kind of ridiculous i am not totally unsympathetic people should be responsible. >> here is -- >> fine the trail -- >> yeah. >> bottom of the hill. >> they are italian don't read italian because from -- everywhere else -- i am proposing a 10 thousand dollar fine new york city as revenue raiser for all men wearing flip-flops nobody needs to see your hairy toes i don't care june or january. >> i went to flip-flops not favorites -- >> now facing dagen. >> run around in flip-flops in
>> welcome back couple lines from ecb meeting news conference happening as you saw markets reversed course again now negative one of the issues, that is mario draghi put a growth outlook out there target is now gdp is 1.1% for eurozone 2019, down from 1.7% even though ecb today said you know fresh measures stimulate eurozone faltering economy, they also talked about the weakness in terms of growth outlook 1.1% versus 1.7% turn markets down dow industrials lower s&p and nasdaq along with european indices down across the board, comments from steven mnuchin raising questions about tax policy in europe particularly, taking a page out of france, james freeman wrote the op-ed this week, and you asked in your
op-ed is team trump getting along too well with france a bad tax idea gets a surprise u.s. endorsement tell us about it. >> i know concern obviously, that this white house is not getting the along so well with traditional allies but i am worried maybe the treasury secretary steve mnuchin is goingity far to make the french feel better. maria: he grew he had with french policy. >> agreed that we ought to have a minute corporate income tax i think maybe there will be a debate about what this ought to about but this is -- a terrible idea you mentioned the slow growth in europe slow growth in fans instead of trying to become more competitive, they are their politicians want to try to get everybody else to raise tax up to where they are a play by bruno to tax and punish tech companies based in the united states and to go after ireland 's competitive low 12
half a percent corporate tax rated doesn't like it ireland grows faster steals business from france doesn't like low tax rates u.s. does better than francisco why u.s. wants to encourage participating in efforts beyond -- >> look at rates what is the corporate tax rate in ireland corporate tax rate in france, you write corporate tax rate in france 33%. >> very high. >> compare to u.s. 21% now. >> game-changer from tax department used to about 40 count state and local now more competitive. >> france outlier now let me every one else in europe lowered corporate tax rates sort of shocking to me mnuchin would advocate anything to do with the french tax scheme so clearly contrary to what we tried to do in this country successfully. >> ireland -- 10. >> 12 1/2 i hope mnuchin
confused wanted to make nice other trade disputes but a negative signal. >> elizabeth warner proposing wealth taxing in united states unconstitutional but trying to borrow from a unanimous didn't work. >> they had to nix it guess what? -- they all leave. >> maria keeps saying money is global all other nations, same with corporate taxes all other nations stepped back and go, you don't want rich folks living in your country? and paying taxes you want to confiscate wealth you can come here russia would be handing out passports right and left, to american billionaires. >> mario draghi, 1. % 2019 down from 1.7% part bite from taxes. >> this is not a one quarter phenomena since recession
basically united states outperformed handily europe not just it is also regulations, the eu bureaucracy is -- there is no other group puts regulations on industry the way they do they have got to figure this out i think would like lower taxes deregulating but this corporate taxes, as a painless enterprise they don't believe it impacts growth don't believe it flows to consumer. >> why talking point on left is that the tax cut plan went to the rich. >> that is right. maria: that is how they get there, by looking at corporate tax rate. >> more jobs for people at all income levels, of course, a tax tax cut every income level. >> doubled standard deduction. >> tax tax cut more than 4,000 dollars. >> great show, great piece, dagen mcdowell james freeman, good to see you thanks so much great show you the for joining us tomorrow coverage jobs in america special 9:00 a.m. eastern, as we identify where
the jobs are expecting 180,000 jobs in month of february, when we get that report tomorrow unemployment rate lower 3.9%, see you tomorrow seize the stuart: good morning, america. total disarray among democrats and again agree on how to condemn anti-semitism. there was a vote to vote today but it has been postponed. they can't agree on the wording and speaker pelosi reportedly walked out of the meeting. she's lost control of the radical left. my opinion, if you can't forcibly condemn the scourge of anti-semitism you should not be in congress. furthermore, there is a crisis on the border and the chaos within the democratic party stands in the way of dealing with it. we all get hurt from this. moving on, it's been a tough week for stocks