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tv   Mornings With Maria Bartiromo  FOX Business  March 12, 2019 6:00am-9:00am EDT

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lauren: mornings with maria starts now. maria: good morning, everyone, i'm maria bartiromo, happy tuesday, it is tuesday march 12th, top stories before 6:00 a.m. on the east coast. the grounding of boeing 737, max 8 jet expanding around the world this morning. nearly half of all jets that have been delivered since may of 2017 have been parked of them, fallout coming up. carlos goshn replaced nissan bit su by -- alliance. russell westbrook threatening a couple during last night's game. details in sports coming up. record sky high view. a good look at new york city later this hour. mornings with maria begins right
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now. ♪ maria: markets this morning look like this, mixed story so far, dow industrials down 23 points, fractional move, s&p 500 and nasdaq higher this morning, futures indicating gain in s&p and nasdaq. boeing set to weigh in, more countries and airlines across the world get set to ground 737 max 8 aircraft over safety concerns following the deadly
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ethiopian crash on sunday. two american carriers that fly the plane, southwest and american airlines continue to operate the 737, shortly after the aircraft. i asked about safety of 737 max 8. >> the real bottom line that 737 max is very safe and very confident in that, safety is a core value for industry and for our company, always has been, it always will be. maria: was there a change in terms of this model, 737 that wasn't articulated to the airlines that they did not know how to respond in the event of a change, that's what the charges are. >> 737 max has capabilities that are embedded in it and that's included in training process. the airplane has gone through thousands and thousands of hours of testing, simulation, working with pilots, ensuring that they have all the information to safely operate the airplane and
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in some cases the new systems are designed to take advantage of the capabilities of the airline. we have issued a couple of follow up bulletins on ongoing investigation, pointing pilots to existing flight procedures to handle scenarios that we are talking about in the incident. we will continue to do that. it's important that we provide all of the information need today safely operate the airplanes. maria: joining me right now is license pilot daniel rose, daniel, great to have you on the problem. what do you know about the 737 max 8? >> a lot of focus because of two crashes, we know system on board that's suspected of causing the first crash which uncontrollable
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and 5 months later appear to be the same thing, a real problem and explaings why so many countries are grounding the aircraft. maria: you heard the ceo of boeing talk to me about the crash, basically we need the boeing mechanics to explain to the pilots the change here, do you think that could have been the failure that the pilots are unclear in terms of how to operate the new changes in the model, your firm specializes in air space litigation, tell us what you think is the issue? >> right, well, there should never be a situation like this where brand-new plane requires special emergency procedures in order to prevent a failure from happening shortly after takeoff. you know, the training is essentially what -- what boeing was saying put a band aid on a problem that's a design defect and needs to be fixed. the system acma system, a band
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aid, bigger problem of dynamics of the plane. boeing tries to get bigger engines, all of a sudden the aircraft flies in a very different way and sometimes in unsafe way so they build the system, amcas system, don't tell anybody about it and kicks on automatically without anybody knowing about it and when it does it in the wrong situation which is done now twice it's not a safety system, it's causing crashes. maria: these are the issues that you would be putting in a complaint. how significance of lawsuits coming -- >> they are certainly coming. unfortunately everybody was on the planes, and also americans on the plane, boeing is american company, one of the main legal hurdles whether the case would stay here and get litigated somewhere in ethiopia.
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with americans on board, certainly passengers will have claims and they'll be significant likely given the history of second crash within 2 -- within 5 months, probably good argument for even the foreigners to be able to stay here whatever was relevant to this crash, this investigation, this lawsuit took place in the united states because boeing still hasn't fixed the problem. maria: characterized the problem that boeing is facing because not only do you have a situation where country after country are grounding the planes, i mean, a third of these planes that boeing makes go to china and china has grounded all of them, a third of the production and now you've got the litigation issue. >> yeah, honestly probably litigation is the tail on the dove. there's thousands of these on order and that's -- that's the real significant issue for boeing because if they have to redesign the system or even the plane to a significant extent
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which i think has to be seriously considered given the scope of the problem, that's a huge problem. you know, china, the plane is essentially built to fly in china and -- and for their markets, so it's not surprising that, you know, they are saying, hey, if this thing isn't safe, we don't want it, bottom line is boeing will have to fix it. maria: what kind of a cost are we looking at for boeing, anybody's guess at this point? >> yeah, the latter because this is a 60-year-old plane and with 1960's technology, has gone through 4 generations, many iterations and each one adds more onto it, bigger engine, bigger space, more passengers and really hasn't gotten to the point where the plane as it is to me nothing like it was when it first came out and fundamentally the way the plane flies and how stable it is, has been affected by all of the
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changes so this system, the impasse system was designed to try to correct the problem without changing anything fundamentally in the aircraft but they will have to change things fundamentally in the airplane and that could be completely new design. maria: what's your reaction to the american jetliners that are not grounding the 737 like american and southwest? >> yeah, i'm concerned because right now we know of two incidents and they didn't work out, they are 0 for 2. american airlines, based on what boeing and faa are say if this happens, pilots can take control and save the plane. i hope that's right, certainly, we haven't seen whether that's been tested, whether there's been incident where somebody recovered and right now it's 0 for 2. maria: daniel, thank you very much for your insights, daniel rose joining us on boeing, meanwhile there's this, tesla
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ceo elon musk, new court filing, dagen mcdowell, what's your take, good morning to you, dagen. dagen: tesla ceo elon musk is saying, telling federal judge that he did not violate a fraud settlement that restricted social media communications and suggested that the government is trying to put a muzzle on him. a filing late monday, elon musk lawyers said securities and exchange commission has not shown that tweet on february 19 was material, this is -- i'm quoting from wall street journal, while the federal agency is overreaching by suggesting he needs prior approval for any statement that relates to tesla. here is a quote from musk attorneys, undeterred and perhaps embarrassed by musk by it, sec to order in an i constitutional manner.
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tesla anticipated production level for 2019, musk original message on twitter, tesla made zero cars in 2011 but will make around 500,000 in 2019, sometime later, hours later in-house lawyer helped him clarify that message saying i meant to say that annualize production at 2019 was probably around 500,000, ie10000 cars a week, deliveries estimated to be around 400,000. the issue at hand, tesla and its ceo, his attorney says did comply with the oversight policy by reviewing his tweet, providing context and clarity, the lawyer told musk repeated information in earnings call and tesla included in 2018 annual report. the judge has to decide whether he's in contempt but i'm sure that the lawyers have told elon musk stop calling the sec the
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short seller enrichment committee, short seller enrichment commission and he hammered the sec in the interview of 60 minutes at tend of the year, again, this is like a petty little fight between musk and sec, maybe cooler heads will prevail. maria: sounds like the advice that you're bringing up there is the advice that the lawyers are giving him. dagen: how about shut up, worry about selling the model 3 and like not closing stores and managing your company rather than picking on the sec. maria: thank you. wells fargo ceo is on the hot seat again on capitol hill, cheryl casone headlines. cheryl: will testify before house financial services committee, focus on the fallout from the bank's fake account scandal, first time a bank ceo is going to appear before the committee now that it is led by the democrats, but few -- future
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may be in question, over the last year wells fargo stock down nearly 15%. new details in the sexual harassment cases that happened over at google, tech giant paid $135 million to top executives who left the company, they left over the allegations of sexual harassment, the price tag was revealed in a shareholder lawsuit at the time the reasons for the departures, maria, were covered up, now we know what the two executives were paid off by google. renault, nissan, japan partnership meeting every month in tokyo or paris, goshn still is one of 8 members of nissan. rejected by a judge, goshn was
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released last week in tokyo jail in $9 million bail after spending more than 100 days behind bars, he's accused of underreporting salary h at nissan which he denials, we we e waiting for trial to again, maria. maria: white house 2020 proposal is out including billions of dollars for military and funding more wall. breakdown next and pushback. double trouble with fans, westbrook has choice words mid game while ufc champ connor mcgregor allegedly smashed a fan's phone and is later arrested coming up ♪ (butcher) we both know you're not just looking for pork chops.
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maria: welcome back, big show ahead. conversation this morning, cfra strategists lindsey bell, american b enterprise president, arthur brooks is here, arthur, great to have you here. >> thank you. maria: new book, love your enemies, how decent people can save america from the culture of contempt. perfect timing to write such a book with all of the polarizing. >> for sure, over the last couple of years i have seen freight train, one and six americans stopped talking to family member or close friend because of politics since 2016 election, wonderful stuff that shows that we are more polarized than israeli and palestinians, that's how much we don't understand each other, i wrote a book on how we can be more per -- persuasive and guidebook to do that.
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>> it's about trump derangement syndrome? >> 93% of us don't want to hate our neighbors, so we actually can disagree, we should disagree, but we can do so and be happier and win more arguments if we do it right. dagen: stay off social media. >> for sure. dagen: even over the weekend it's the language that people use for attention, i was looking at alexandria ocasio-cortez little speech at south by southwest and she was talking about automation and the use of the rise of robots in the workplace and she said, we should not be haunted by the specter of being automated out of work and we should be excited by it and the reason we are not excited because we live in society if you don't have a job you are left to die, that's at its core, it's that kind of language that people say things
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for attention and let them get away with it and i just quote it and part of the problem. >> a lot of people in social media, anonymous, they say things that they wouldn't ever say in person and just in general you're not a human when you're not in person looking into somebody else's eyes, we don't see another person that has different point of view, i do recommend to take a lot more time off social media, i recommend that people when on social media take responsibility for what they say, mute 7%s of americans that are trying to firing us up that make us angry because they are getting rich including politicians that we all know. maria: the issue of the day for sure, we have a big program ahead, under secretary of u.s. army ryan mccarthy joining us, lots to talk about with them. california congressman john garamendi, herman cain and
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general jack keane, don't miss a moment of it. big program ahead. we are taking a look at earnings, economic data, facebook, social media giant reversing course after removing ads from senator elizabeth warren's presidential campaign that calls for break-up of major tech companies. the edge to have big apple, world's highest viewing area to open it up coming up.
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breach, malware attack at wolverine solutions group, potential information of thousands of patient, people affected will get letter and recommend today -- recommended to put credit freeze. tax on e-cigarettes, $23 million in revenue, local health departments and provide increases to medication expansion. state lawmakers want to allow teenagers to get vaccines even if their parents say no. a new bill would let any kid, 14 or older be vaccinated or given booster shots for range of diseases including mumps, measles, days after ohio teenager that got vaccinated over his mother's wishes, interesting stories this morning. what do you think about e-cigarettes tax?
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>> 86% is pretty high but no where near what tax on regular cigarettes, here in new york state is very high. it will deter teenage usage, i don't know about the tax revenue. maria: seems small. >> you tax things for two things, deter or raise money. that's why they are doing it, that's worked in the past and it'll work again. maria: you think it will work? >> discourage people from vaping or cigarettes. dagen: the tanning booth in obamacare. like a double-digit tax, 10-12%. >> it was to discourage that too. dagen: really? >> yeah. dagen: i really need to democrats bringing about me laying in tanning bed. >> that's a different issue.
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maria: white house 2020 budget military will get huge boost, we will tell you what programs will see a cut. recall alert, honda recalling a million vehicles over faulty air bags, not the first time it's been done, all the details after this. stay with us my dream car.
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maria: welcome back it is tuesday march 12th, top stories 6:30 on the button. dow industrials down again because of another decline in boeing, s&p 500 and nasdaq futures are higher. on top of gain as cross z the board on wall street, late-day rally yesterday by technology stocks, 3 quarters of 1%, s&p 500 was up 1 and a half percent and nasdaq up better than 1%. across europe, we have gains even though it's just fractional, cac quarante in paris, up 4 points and dax index in germany up about 6 points, in asia overnight gains across the region, best performer was hong kong and japan, japan up one and three quarters percent, hang seng and hong kong up 1 and a half percent. facebook under fire over ads, so
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social media ads pulling out now apologizing, honda takes roughly a million cars off the road in separate recalls, some could catch fire, all the details on what models we are talking about and sports cars versus sports fans, russell westbrook threatened a couple during last night's game. over at ufc star connor mcgregor arrested smashing fan's phone. a look at new york city coming up. wait till you see that. all the stories coming up this tuesday morning, first, top story this half an hour, president trump unveiled budget proposal for the fiscal year 2020, includes boosting defense dollars to 750 billion and 8.6 billion for a southern border wall, it would cut medicare spending, four-star
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general and fox news senior analyst general jack keane, your reaction to the president's budget? >> well,@part of down payment to get the military out of hole it's in, why is it in a such big hole? 17 years of fighting 9/11 wars and sequestration, one of the budget approving kneecapped. attempt to recover the military, third budget. we need 5 or 6 years of this, steady state to be able to dig ourselves out of the hole. maria: so analyze why this is so important and compare the u.s.' budget and the expansion that you'd like to see in terms of military spending with the threats out there, general?
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>> yeah, major threats we are facing, power competition with russia and china, what's happening to us, maria, united states military remains primary in the world, russia and china have closed technology gap advantage that we have, so much so that even in some special areas their capabilities exceed ours and i spent a year on the commission of looking at the national defense strategy and we agree what they have been putting out in the last week or, so if the united states fought a war with russia and china we would have casualty rates on personel and high-capital assets not seen since world war ii and more than that, indeed, rite alarming is the fact that we would struggle to win and could even lose and our generals are saying much the same thing, so this trump budget is absolutely crucial to get us back to the kind of military dominance that
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we've had in the world, not that we are looking for a fight but what we have -- what we have found through the cold war that when we have adequate military capabilities it acts as deterrence. we want to deter china and russia, we don't want to fight them, the way to do that is you have to have capabilities, they have to see it's real and they have to know that you're wanting to use it. maria: it's extraordinary when you're looking at companies involved because in china you have companies that are doing what the chinese government tells them to do, huawei is one of the companies that we talk about a lot and big threat in huawei. intist you have the leading technology companies in the world working on the leading things from ai to robotics, et cetera, they are saying we will not work with the u.s. government, some of them, chinese companies are ramping up doing what the chinese government tells them to do and
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in america some of the leading technology companies refuse to work with the u.s. government and the pentagon and we had secretary mike pompeo huawei as spy tool, this morning the wall street journal has top story talking about this and they report on a letter by -- by rick ronell in berlin, rather to the country's economic minister and talking about something that we knew already after mike pompeo broke the news in an interview with me, listen to this, i have to get your reaction. what we heard after your trip from europe because it was so important but what we read in the journal yesterday and a lot of the reports is that europe is pushing back on the idea that president trump and your administration wants to ban or
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potentially stop, slow down the use of huawei. >> we had some real successes, but over the past months we have been out around the world just making sure everybody had the same information that -- that countries understand the risk of putting this huawei technology into their it systems. we can't forget the systems were designed by -- with express work along side the chinese pli, military in china, they -- they are creating a real risk for these countries and their systems, the security of their people, europeans care deeply about the privacy, risk of privacy from the technology is very, very real and we are out sharing the information, the knowledge that america has gained through vast network and making sure countries understand the risk. that's important, we think they'll make good decisions when they understand risk. maria: it's not just the risk for them, the risks of the
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world, if you have in high-level talks about national security with poland with 5i, americans' information is out there too because china has tapped into their network? >> if the country adopts this and puts it in some of the critical information system, we won't be able to share with them and work along side them and in some cases we won't be able to colocate resources, embassy, american military outposts. maria: when he said that to me i was struck, the u.s. made it official that they would share less information that use huawei, your reaction? >> we really don't have much choice, what is happening here the trump administration is playing catch-up because the
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obama administration ignored the threat of huawei and its development of 5g and artificial intelligence technology and we were seeding the ground to them. commander in nato in testimony last week mentioned the danger of huawei, he could envision a time in the future if europe goes by huawei and communist chinese government, that's who they are, we wouldn't be able to work side by side with nato military countries because that's alarming given the reality of what we are facing here. maria: it really is, but the systems were cheap, that's how the chinese got so many countries throughout europe, throughout africa to adopt their huawe systems because it was very cheap, they said to african countries too, don't worry, we've got your back, we will do your infrastructure set-up and
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they need the access to the technology and so they did it. >> yeah, let's be factual here, the communist chinese party running china is the number one prolific theft cyber offensive capability in the world, nobody comes even close to them, they steal data by the billions on a regular basis. what am i talking about? intellectual property, we know about that, intelligence, and also personal data and they are -- what they are seeking here is to have access to any data that would be of vital interest to them throughout europe, europe is their second customer beyond china itself and they are in full core press to get the 5g network wireless system and to own that system inside of europe and what that would mean to them give them incredibly geopolitical leverage over the
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europeans. i'm struck that the europeans could entertain the thought, while it may be in fact, cheaper, the net loss in the long run is staggering for those countries involved. maria: does it hurt the u.s. as well not to share information that it needs to with european partners? >> yeah, absolutely and vice versa. listen, standing up against the threats that we have in the world is allies working together that enable us to provide adequate deterrence and it's actually crucial that we do this not just in europe but also in emerging countries around the world as well. maria: general great insights, thank you so much. facebook this morning backtracking after removing senator elizabeth warren's ads, cheryl casone with the details, this is a biggie, cheryl. cheryl: interesting what facebook did, maria, they restored senator warren's ads that they were taken out, the
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ads called for the break-up of technology giants including facebook, amazon, google, the facebook claims it removed them of policies of use of corporate logo after restoring the ads facebook wants to allow robust debate. kind of head scratcher here. anyway, move on. let's talk about the recalls at honda this morning about a million older vehicles in the u.s. and canada need air bag inflaters replaced. tokata could be dangerous, models go back as far as 2001. then there's this, maria, new yorker you are going to like this one, we are building the highest outdoor observation deck in this city to better enjoy the big apple famous skyline, the sky scraper is being built at hudson yard, open viewing area that jets out on the 100th floor, they will call the new york edge the 9-foot to lean
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over from 1100 feet in the air. i know. it's expected to open --would you go up there? maria: i'm not afraid to go up. cheryl: i will salute you as you're up there. it freaks me out. maria: double trouble, nba star russell westbrook has battling middle of the game and connor mcgregor smashing somebody else's phone. the lululemon team, we will tell you about the ambassadorship with the brand every year, our analysts visit thousands of companies,
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maria: welcome back, oklahoma city star russell westbrook with heated exchange in utah, jared max with sports, what a sports report today, jared. jared: westbrook said that he was heckled by two fans that were seated together at the game, a couple who nba star accused of making comment that was racial and inappropriate. westbrook was caught on video making threats of violence to the pair saying he would mess them up but he didn't say mess.
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after the game westbrook said he's not a violent person. >> they. >> being disrespectful about me and my family. i've never done anything to hurt or harm anybody. i've never been in trouble. i've never fought a fan, been in the league 11 years. jared: they did not do anything wrong, told westbrook to put ice on the knee. connor mcgregor in trouble again, well, this time miami beach police say that the 30-year-old fighter was leaving hotel early monday morning when fan tried to take photograph, mcgregor slapped the phone from the fan's hand and stomped on it repeatedly and walked away wit, charged with felony, robbery and criminal mischief. a couple of hours ago mcgregor posted on instagram, the shirt is he's wearing mcgregor is
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back, patience in this world is virtue i continue to work on, i love my fans, dearly love you all. mvp nick foles will become jaguars, 4 years, $88 million, 50 million of dollars guarantied. foles announced that he would become brand ambassador for lululemon. it's community mindfulness and sweat life, mainstream sports endorsers for lululemo, in that makes technical athletic clothes. welcome to the team nick foles. maria: do we know what they are paying him? >> a lot of money to play for jacksonville jaguars and put up or shut up time, not as much expected and he just performed one time after another.
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dagen: mcgregor might want to shut up and stay at home, make 100 million on the mayweather fight, no quicker way than to lose money to be jerk. jared: is this good for the sport? maria: no way. >> too violent, you have to -- dagen: it's mainstream already but i want to see another fight with kabib. >> well, i think it's good marketing because people want to come out and see the underdog beat this bad guy now, right? jared: i agree. i think for the mainstream this guy is the face of a sport, a little bit more class. maria: really arthur's book, love your enemies. >> that's right. [laughter] dagen: it's extremely mainstream now. jared: look at all the violence, we need to tone it down. maria: yeah.
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dagen: you can't get mad about that and not get mad about football. maria: catch jared fox report fox news 24/77 or siriusxm 115. investors are watching for firm deal between u.s. and china as no date has been set for summit between xi jinping and president trump, more after this. carl, i as my broker...invite here. what am i paying you to manage my money?
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maria: welcome back, u.s.-china trade now, investors are watching the future of a deal as top officials from both countries held a phone conversation overnight, comes amid uncertainty over meeting between president trump and xi jinping, right now no date on the calendar. we were expecting the end of march in mar-a-lago.
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joining us lorea. how much is a deal with china important to investors right now? >> it's important because it's figured in the market that we are seeing, however, there are lots of nuances, we are seeing that china that owns volvo is looking to take the car maker electric. we are also looking to see are they going to be able to -- with the soybeans, are they going to fulfill that obligation to the united states and with the current talks with mnuchin and counterparts are we going the really see a difference in the trade talks or is it already priced in and is it a nonfactor? maria: tariffs are obviously a big factor, dagen, you have been talking about the impact of tariffs, weakened china's economy. dagen: putting pressure on a bunch of industrieses in the united states as well, particularly any industry that uses steel and aluminum.
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>> the industrial sector is one area that's benefited from the china deal to get done, up 18 and a half percent year to date. but you like that, why and how far do you see it going? >> i tend to like areas that get beat up, we are seeing with boeing before all of this has happened, boeing was up year to date 12% and the year before it was up 24%. i mean, huge take away 30 plus percent even before all of this thing started. maria: that was based on commercial traffic and how well the economy was going. >> correct, related industries in the industrials that could benefit from this short-term down trend and of course long-term up trend. maria: are you buying or selling? >> we are drills right now, we are selling off portion and keeping little bit for a rainy day but taking a little bit of
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profits. >> what do you see as the business cycle going forward? are you expecting next 12 months to start going into a real recession? >> i'm not going to disagree that are much smarter than i. they tend to say we are looking at 2020, 2021 for recession, i believe that's possible, how severe will the recession be and i don't think it's going to be as severe as they are predicting. maria: you have to allocate capital based on the the backdrop, what kind of backdrop are you expecting from the u.s. economy? >> we are hoping that it keeps growing and all the moves in place will keep growing and we will keep benefiting from that. maria: we will be right back, we have a story on apple revealing the date for a big event, stay with us.
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maria: welcome back. good tuesday morning, everybody. thanks so much for joining us. i'm maria bartiromo. it is tuesday, march 12th. your top stories right now. mixed market performances this morning. take a look at futures, mostly higher. the dow industrials once again weighed down by doing, the dow futures -- by by boeing. this after gains across the board yesterday. stocks staging a late day rally yesterday. dow industrials up 200 points at 4:00 on wall street yesterday, s&p 500 was up 40 and the nasdaq up 150 points at the close yesterday, better than 2% as a big rally in tech stocks really
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fueled things. global markets this morning mostly higher, although european indices are mixed. fq100 is up 1 and two-thirds points. the dax index in germany up 8 and two-thirds points right now. in asia overnight, gains across the region, best performer was japan, nikkei average up 1 and 3 quarters percent. the grounding of boeing 737 max 8 jets are expanding around the world. nearly half of all of the jets that have been delivered since may of 2019 ar 2017 are now par. the fallsout comin -- fallout cg up. house speaker nancy pelosi not interested in impeachmen impeacf president trump she said. yesterday she said it's not worth it. closer to an exit, theresa may making progress on her deal to leave the european union as she faces a key vote today. a bugati fit for a baby?
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luxury automaker unveiling a small scale car, not a small price tag. we'll tell you about that beauty for your children. all those stories coming up this tuesday morning. joining me to break it down, dagen mcdowell, arthur brooks and lindsey bell. great to see you this morning. >> good morning. dagen: i want to point something out really quickly. front page of the wall street journal today, that the u.s. is telling germany to drop huawei or see intelligence sharing pact pared back, a warning sent to berlin, a story that you were way ahead of. when was the secretary of state pompeo interview? february 21st? maria: yes. dagen: you would have known this story. you didn't need to wait for it to be on the front page of the wall street journal. really far ahead on the concerns about the theft by china of intellectual property. you've been talking about it for
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years. maria: when he was in on that day, february 21st, i knew when he said it it was incredible news, for him to stand there and say we're going to share less information from our european partners if they have huawei telecom, that's an enormous story. there's real partnerships they should be able to trust telecom systems. that's how threatening the huawei story is. dagen: this is -- i know this working with you, you have incredible instincts about what is right and wrong and you can see what will be an important story way before many other people see it. so -- maria: thank you so much for that. dagen: major kudos, maria bartiromo. maria: i was working at the story, i was like yeah, we did this a month ago, february 21st and this is a major issue, arthur, the chinese and huawei telecom systems being deployed a across the world gives the chinese an ability to tap into everybody's data. >> yeah. i mean, when you're talking
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about a big american, private american company, you wouldn't say that's -- that's tapping into information by the american government. there's a distinction between state owned prices an -- enterprises and those that aren't in china. if there's a chinese partner involved, until the chinese change the way they do business, until they're more democratic and more transparent. dagen: once we share it with our allies, we lose control of that information, we really da -- we don't have any -- much control over how that partner would then use that information or protect it. maria: this is not just data about, hey, i went to the store yesterday. you could track our soldiers. this is data about the military. this is data about plans that the u.s. has in place with our partners. >> this is the new age of actually how we conduct warfare without shooting each other. you have to have information on each other. you can have breaches in security like crazy. who know what the implications of this are.
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the united states has to protect themselves. in china, there's no distinction between the private and public sector, we can't trust. this is a big problem for china, quite frankly. dagen: it's our defense, our intelligence and also our financial system. they're all interconnected. i think it was important that the fed chief, jay powell, said in the interview on sunday that this is the one thing that he worries about more than anything else and that is cyber attacks and attacks on our financial system by state actors and so it's all linked together. maria: apparently, we get thousands of cyber intrusions attacks a day. >> for sure. oh, for sure. >> germany's been put on notice here officially but britain and italy have been two that have been kind of pushing back on this, not no use of huawei's technology. britain is -- they have a test lab analyzing some of their stuff and they're saying there are no back doors, but there is
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a lot of really sophisticated intertwined code that runs their network that could change at any time. this is software that can really -- >> it means no back doors that we know of. maria: it's huawei telecom. so you push a button and all of the day a take goes back to the chinese government. that's the bottom line. that's what secretary pompeo was telling us when he was here in february and he did tell us that the u.k. in particular was pushing back on not using huawei, because it's expensive. they use this and they use this chinese telecom because it was cheap. so did african countries. so this is a real issue. we'll keep following it for sure. the white house unveiling a $4.7 trillion budget propose ago including $8.6 billion to build the president's border wall and another another amount for the . it would also cut $818 billion from projected medicare spending
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over 10 years. press secretary sarah sanders laid out a blueprint for the budget at yesterday's briefing, watch. >> president trump's 2020 budget builds upon incredible success and keeps his promises to the american people. it continues the president's pro job creation policies, keeps taxes low, combats the opioid epidemic, protects our veterans, defends our nation and secures our borders. this budget demonstrate's the president's vision to restrain washington spending and reach a balanced budget. this is a clear road map for a more fiscally responsible future. maria: joining us right now is john garamendi. thanks for joining us. your reaction to the budget proposal. >> doesn't work. doesn't take into account the extraordinary deficit that we have, doesn't take into account the real needs that we have and by the way, that's american taxpayer money, not mexican money that's going to be
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building that wall and at the same time he's cutting about the same amount of money out of the flood protections that americans need all across this nation. maria: what do you say to those people who continue to bring up the lines of people, thousands of people who are trying to get to america over the border, porous borders, what do you say about the threats that the u.s. faces today, not just isis and the issues around syria, afghanistan, et cetera, but also china and quieter things that are not in your face every day but we know they're real threats like huawei telecom, all of the things the u.s. is trying to combat. >> well, that's precisely the problem with this budget. it's putting the money exactly where we don't need it. we do need to recognize that most of the people coming across the border now are families escaping from the central american countries and they're coming through the ports of
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entry. they're not coming across open borders. the problem really lies at the ports of entry which need to be beefed up and in fact some of that money is for that purpose and that's a good thing. but to spend that money on a wall that most everybody says is not particularly useful isn't the best place to spend it. we clearly have problems with technology. huawei is definitely a problem. your previous section on that was right on point. so we need to deal with cyber security, a good portion of that military budget has to go into the cyber security issue. so there are many different things we need to do. and we don't need to cut education. we don't -- the healthcare, you did mention medicare, but take a look at medicaid. over the next 10 years it will be $1,500,000,000,000 reduction in medicare. 60% of that goes to seniors. maria: the spending didn't just happen over the last two years. this has been an issue now for a
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decade or more in terms of this deficit. here's arthur brooks from ae. >> hi, congressman. one of the things that you would think that republicans would be worried about is deficit spending but apparently they're not at this point. i realize it's an aspirational budget. are democrats for the first time in a long time worried about deficit spending now that republicans apparently are not. maria: let's not forget the debt was doubled under president obama. >> most of that occurred as a result of the great collapse in 2008. leaving that aside, the tax cut that occurred in december of 2017 really amped up the deficit. the deficit hawk simply left washington. my guess is, they're going to return and there's going to be a mighty battle that will include the deficit. the democrats, we were very concerned about the deficit and remain concerned about it. ultimately, it is not sustainable. the notion that we're going to have a balanced budget 14, 15
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years out from now ignores the fact that we're probably going to wind up doubling the amount of money that we have to spend on interest payments over that period of time and it assumes over a 3% annual growth rate in the american economy. maria: let me ask you this. how do you explain a all of these sky in the pie -- >> sky in the pie. maria: pie in the sky ideas like a $93 trillion green new deal or a $32 trillion medicare for all deal when you've got $22 trillion in debt? >> doesn't work. maria: right. but these are coming from your colleagues, obviously, right on the democratic side. if the dems are so worried about debt, how come they have no robberying forth these expensive ideas. >> let's start with the green new deal. if you take a look at it, we really do have a climate crisis. we have to deal with it. the green new deal speaks to many of the issues. maria: you think the climate crisis is a bigger crisis than the crisis at the border? >> absolutely it is.
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no doubt about it. and anybody that thinks otherwise isn't looking at what's happening around the world. sea level rise. this week i'm going to be holding a hearing in my subcommittee, the readiness subcommittee of the armed services committee, we've got a $3 billion problem at camp lejeune because of flooding that took place last summer. we an equal problem at the air force base in florida. it was basically wiped out by a hurricane. we've got to deal with the reality of the climate change. maria: we should spend the $90 trillion then? >> i didn't say that, did i? you may have said it. i didn't say it. let's get real here. the medicare for all is an issue that's been out there for a long time, clearly medicare works. the medicare for all legislation that's been proposed isn't medicare. it's really something quite different than that. and we do need to deal with climate change. you take a look, you're sitting there in new york. new york has extraordinary expenses, just to protect itself from the rising sea level and
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the inevitable hurricane that will come up the east coast. dagen: if new york cared about climate change, why doesn't our mass transit system work? that's my biggest issue. the mayor's talking about meatless monday to save the planet ands there's one thing that can save the planet and we have the largest city in the country and the subways don't work and the commuter rail system is an abomination. i just had to say that. >> i hope you feel better now. he yes, it is a problem. we do need mass transportation all across this nation. that's a great place to spend our money. also, if you take a look at the president's budget, the transportation program is exactly what he put together last year which is no new money. maria: congressman, apparently your colleague nancy pelosi says she does not want to impeach president trump. >> well, let's see what happens.
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all of the investigations are incomplete. when those investigations get complete, then the question of impeachment is really on the table. right now, it's not. maria: it's good to see you this morning. thanks so much. >> always a pleasure. maria: 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? it isn't. ♪ ♪ it's the most wonderful life on earth. ♪ ♪
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i that's the retirement plan.e, with my annuity, i know there is a guarantee. it's for my family, its for my self, its for my future. annuities can provide protected income for life. learn more at retire your risk dot org. maria: welcome back. the list of countries and airlines grounding the boeing 7 737 max 8 jet is groaning this morning. cheryl casone has details. cheryl: australia is the latest country to suspend the aircraft from its airports after the deadly crash in ethiopia on sunday. the country following similar moves by china, south africa, singapore, indonesia, brazil, even mexico. here in the united states, though, the faa still says it has no plans to ground the aircraft for now but it has ordered boeing to make urgent improvements to it. boeing has confirmed it will
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deploy a cost wear upgrade to -- software upgrade to the 737 max 8. southwest and american, stock fell more than 5% yesterday. it's lower again in the premarket today, 2 and a quarter percent to the downside. customers of united healthcare are getting a new discount. the insurance says all the optum pharmacies will pass drug maker rebates to the customers. the policy takes effect in january. it's the latest effort to pass along more prescription drug savings to the customers in the face of intense criticism from the trump administration. apple announcing a major event this month. it's going to take place on march 25th. apple is expected to debut its long-anticipated streaming service that will compete with netflix and hulu and amazon prime. as far as the hardware, apple has traditionally brought out new ipads in march and the
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next version of air pods might make an appearance. there might be a wireless air pod charging situation. shares of apple are slightly higher in the premarket. apple has been paying big name celebrities to develop television shows. so this is making sense. maria: they're spending big money. everybody's got to keep up with netflix, compete, in terms of original content. coming up, artificial intelligence in healthcare, how a.i. could improve future checkups. and bugati rolling out a new kids' ride with an adult price tag. the cost coming up. ♪ find what i'm looking for. ♪ there's got to be something more. ♪ i hear it in the background and she's watching too, saying
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maria: welcome back. artificial intelligence transforming medicine. healthcare is seeing an increased use of a.i. some are worried about the continued impact on the industry. joining us right now is the author of deep medicine, eric topol. good to see you. thanks for joining us. >> great to be with you. maria: you say the u.k. is ahead of the u.s. in terms of a.i. in healthcare. how, specifically? >> well, i spent the last year and-a-half as -- commissioned as a review for the government for the nhs. they started implementing a.i., getting rid of keyboards, so doctors don't do any typing, in emergency rooms, no less, patients love that because they have eye contact. reading scans, it revs up what a radiologist can do and the leader of the world in genomics. they're taking the data and they're implementing it into day-to-day practice. maria: that's exactly one of the jobs dagen that kai fu lee
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said would go away, radiologists. reading the radiology reading can be done quicker and easier by a machine, by a.i. dagen: how long will that be before that happens? maria: in the u.s. >> that's happening in china right now, more accurate than a lot of radiologists and of course a lot faster and a lot less expensive. but there is a concern that you want to have these algorithms at perfection level. if they're making a mistake, that's at scale. they can't tolerate that. there's skepticism about eu78 polici'mimplementing that in the country. maria: it's because of bias. >> that's on the machine. once you put in the learning network, it's clean, but it's what we put in that's a problem. we can get accuracy, productivity, work flow improvement. it's remarkable. but we have to get on it and we don't have any resources. we're talking about cutting the
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nih budget when it actually is a way to invest to get a.i. to the point where it is ready to implement and people with comfortable about it. >> one of the questions we often have a lot of people think about a.i. and machines taking over healthcare, they're not going to be able to talk to their doctor. and this is actually pretty important for people because they feel better cared for when talking to a human. what can you tell me about this? are you saying a.i. will enhance the human to human experience or will we be talking to a computer and have that assess our health. >> that's the theme of deep medicine. that is, that we flip this, the little time we have with patients, average on seven minutes in an appointment, we can augment that time because so much of the work outsourced to machines. and so with that gift of time, it gives that human touch, the bond. we bring back the past. decades ago when this was a precious relationship, we can restore that now because we have
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machines and algorithms to get us back there. >> what about the cost? you sort of alluded to that, budgets being cut for healthcare. what about policy costs? how do we get to where the u.k. is? >> well, we have to dedicate resources like they have, put tens of billions of pounds into this a.i. implementation. we haven't done that. i hope we will because this is -- double down on this, it's going to be a great investment for saving costs in the future. more importantly i think is the care. we've lost the care. it's eroded because of the business of healthcare. dagen: you say the care in the socialized medical system in britain is better than hours, the outcomes are better than ours? >> that's been shown. maria: i find that hard to believe. >> i was too. when i did the review, i had the same impression that it would be a very different look. in fact, the nhs is the most revered institution in the u.k., above the royal family and bbc.
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the commonwealth fund, which is u.s. based, it ranged th ranked. first and the u.s. 17th. that's a u.s. in-depth review. dagen: in outcomes across all diseases and medical conditions? >> that's right. in fact, the u.s. is worse, not only for life expectancy, childhood mortality, we're the worst of 37 countries. we've got to do better. maria: this california hospital is facing backslash after the robotic device told a family their loved one is dying. the machine displayed the video of a remote doctor who gave the family information about the appropriate amount of morphine to ease the patient's suffering. is this what we're talking about? >> this is pathetic, lack of care. maria: totally pathetic. >> it's a human doctor who is saying to a person you're going to die. this is not the way to convey news, on a video. this thing about the robot, there's nothing about that.
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that's not a.i. maria: you're saying a.i. in the u.k. is superior to the u.s., not the healthcare system in terms of insurance, because we've got stories of people that waited forever to get in, to get a procedure done, it was all done by beurr bureaucrats. you're saying the a.i. input is superior, not necessarily the system and the way it works. >> the outcomes are and we're talking about one-third of the cost. instead of $11,000 per person, $1$13,000 in the u.s., we're talking about $4,000 per person in healthcare. some of the outcomes across the board are better. not just a.i. maria: great to have you on the program. thanks for the info. coming up, britain's crucial vote, prime minister theresa may's plan to leave the e.u. facing parliament today. and harry potter entering mobile gaming by the creators of pokemon go. stay with us. where hav.
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maria: welcome back. good tuesday morning, everybody. thanks so much for joining us. i'm maria bartiromo. happy tuesday. it is tuesday, march 12th. your top stories right now, 7:3. weakness in markets across the board, futures indicating a dekline at the start of trading this morning, partly due to boeing. the stock is down another 2%, dragging down the dow industrials, dow futures down 78
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points, this is the low of the morning. the s&p had been up earlier. it's now down 2 and-a-half. the nasdaq is down a quarter point. this on top of gains across the board yesterday on wall street, stocks staged a big rally late in the day, driven by technology stocks. the nasdaq was up 150 points by the close. it was up better than 2%. the dow industrials were up 200 points, up three-quarters of a percent despite a selloff in boeing yesterday. global markets this morning are mixed. fq100 is up this morning on this brexit parliament day, up 31 points on the fq100. the cac in paris down 15 points and the dax index down b 31. in asia, best performer, japan, nikkei average up 1 and three quarters percent. the threat of the growing credit card debt information. americans have more debt than savings. details coming up. and a warning for parents, care.com under fire after a report revealed the company's limited vetting of babysitters
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and caregivers, what the company is doing about that now. stock is down 12.5%. harry t potter is going social, the new game takes a page out of pokemon go's playbook. goingrewbugatti fit for a baby? we've got details. top story this half hour, britain's exit from the european union, prime minister theresa may left downing streets minutes ago. there she is leaving her office. lawmakers are set to vote on the withdrawal deal, two months after it suffered the largest ever commons defeat, as theresa may says she secured last minute confessions ahead of the vote. joining us now, ashley webster who has been in london for several months. >> good morning to you. did you see that the prime minister wasn't exactly smiling as she wa was getting into her . last night, there was euphoria.
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we have concessions, this is the deal that can get through, and then about 10 minutes ago the u.k. attorney general jeffrey cox basic lip looked a basicalle document and 15eu and said legak remains unchanged in the u.k. stuck in northern ireland backstop, in other words nothing changed on the vote that was defeated by 230 votes. so things have changed a little bit. i do not believe she can get this plan through today. there's going to be a vote 7:00 p.m. u.k. time on this deal and i don't think it's going to go through, based on what the attorney general has said. maria: people want a resolution, they want another resolution. >> they do. and we were just saying, there is -- maria: it will never go through, right? >> if it gets knocked down tonight, which i think it will, based on this legal opinion, the next thing will be a vote tomorrow on a no deal. that will be defeated. 77% of m. p. voted to remain in the e.u. that means on thursday they'll
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have a vote on a delay of article 50, the brexit deadline of march 29th. that could indeed go through. how long will the delay be? who knows. the problem with that is that during that period of time you can expect an even softer brexit than what theresa may is offering. >> what does it mean for her government? what does it mean for theresa may? >> it's not good at all. her entire premiership has been dealing with. it's three years in june since the vote was taken. if she can't get this across the lining her time in number 10 is up. she said she was going to quit before the next general election next year. but if she can't get this through and we're left in chaos, she could see a general election called and i think she may be out. >> if they do ask for an extension, how is the e.u. going to respond? you saw jean claude juncker say you're not going to have a lot of option. >> they said this is it, you're not getting another deal.
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all 27e.u. countries have to agree to the extension. the question becomes what can you achieve in the next three or six months you couldn't achieve in the last three years. so it just leaves the uncertainty. if you watched sterling last night, there was a 22 month high against the e.u. as the announcement came from straussberg, immediately dropped and now down considerably against the euro and u.s. dollar because it's clear that this deal is not going to happen. dagen: can i pivot back to the conversation we were having about the british healthcare system. this notion that it's some sort of gold standard on the world stage. i he knoi know you bodies agreee with that. maria: we were all shocked. dagen: mortality rates are higher in the united states across a number of different causes of death. >> i lived with lhs for a long time. my experience was good. i lived next to a hospital that was highly rated. i was an accident prone kid.
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i was in and out all the time with broken collar bones and god knows what. it was very, very good. >> what about the cost? >> the cost is overwhelming. there's danger that it's going to be a central factor in cratering the british economy in the next 10 years. the cost per patient is enormous. not to mention the fact that u.s. system, the fact we have bad outcomes on average is driven by the bottom 25% of the population which is where we need to take care of. dagen: talking about smoking, opioids, obesity. >> it's not free. nhs is not free. it comes out on your paycheck, you'll see national insurance. everyone pays for it. you just don't get a bill when you go to the hospital. they treat you, you go home, there's no bill. but you do pay for it. everybody pays for it through their -- dagen: it's a much smaller country in terms of the attempted application which is fully socialized medicine. >> who can afford private insurance in the u.k., gets private insurance. >> the idea we could scale that
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to a country of 330 million people -- >> it's just insane. dagen: it's ought bowel the economy and -- it's all about the economy and britain and that's a looming tsunami theresa may will have to deal with or the next prime minister. >> god bless her. she stood up very well with arrows raining down on her. i think time is ticking and she could be out in the near future. maria: what does that mean? >> general election, could we have a jeremy corbin prime minister? i hope not. i don't think corbin has a lot of support. certainly in the labor party, maybe. i don't know. there's a lot of uncertainty which is hurting the economy, hurting business and it's continuing. dagen: the rise of anti-semitism in that party hurting labor as well. >> it's awful. awful. people are bailing out of that party. maria: it's incredible the level of anti-semitism and the level of anti-americanism. >> watch that space, if you want to see what can happen on the american left, watch what's happening on the british left. >> there's a lot of parallels
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right now. dagen: what would that be. >> when you see people saying overtly anti-semetic things, there's no reason to charge people with that, but if they're saying anti-semetic things, this is originating in leftist parties around the world. we have to keep an eye on this. this is the way the worldwide left is moving. we see it taking over a party in great britain. maybe this is something we should pay attention to in the united states as well. dagen: what you've seen here with nancy pelosi kind of dismissing omar's comments -- maria--i've said it trifl trivializingizingd that not too long ago led to the murder of 6 million jews. you have to be careful. silence is accepting the unacceptable and making excuses for what are clearly anti-semetic remarks is beyond the pale. maria: why is she on the foreign affairs committee?
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nancy pelosi refuses to do this. dagen: she doesn't understand and kno doesn't know how to exps herself well. there were anti-p semeti anti-ss put out in 2012. maria: care.com, an alarming investigation, the controversy coming up. grebugatti unveiling a car for kids, it has a real expensive price tag, more adult than that. stay with us. ♪ here she comes, walking, talking true love. ♪ say, i've been looking for you, love. ♪ surprising new love. voya helps them to and through retirement... dealing with today's expenses ...while helping plan, invest and protect for the future. so they'll be okay? i think they'll be fine. voya. helping you to and through retirement.
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maria: welcome back. the u.s. is pulling all of its staff from its embassy in venezuela. cheryl casone with he details now in headlines. cheryl: secretary of state mike pompeo tweeted last night about this. he said the u.s. will withdraw all remaining personnel from at u.s. embassy this week. it reflects the deteriorating situation in venezuela and the conclusion that the presidents of u.s. diplomatic staff at the embassy has become a constraint on u.s. policy. as the country's crisis continues, opposition leader juan guaido was on trish regan prime time. he said he will seek foreign military help. >> it is part of article 187 of our national constitution, which
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is - not only for venezuela, but it allows for an outside country to assist venezuela, as stated in this article of our constitution, which empowers me as the person in charge to employ whatever measures are necessary to enact this cooperation and this assistance for venezuela. cheryl: socialist president nicolas maduro maintains support right now from russia, china, and cuba. all right, care.com unveiling new policies to i' improve its vetting system after a wall street journal investigation, care.com said it will take steps to remove fake day-care center listing. this is the country's largeist marketplace for baby-sitters and other caregivers, 32 million members. the journal investigation shows the company's limited vetting of caregivers on its site was, frankly, a problem.
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a magical new mobile came from the creators of pokemon go, it is harry potter, wizards unite. it lets players interact with monsters and rival wizards using augmented reality, similar to pokemon go, which generated over $2 billion in revenue since it launched. harry potters wizards unite is set to come out later this year. then there is this, the famous bugatti baby is being reborn. the french car maker is giving the car a modern makeover. the baby two is mainly for kids, yes, it is much smaller than the original. top speed, 12 miles per hour in child mode. all electric vehicle, maria, $34,000. because what child doesn't need their own bugatti? every child in america needs it. maria: that is crazy. >> i don't think i could afford that.
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>> i'm so against socialism. i'm so against it. when i see the baby bugatti, i'm thinking maybe socialism. [ laughter ] maria: that's funny. dagen: $34,000 is a bargain. a real bugatti is deep in the seven figures if you can ever get one. you can't even get -- even if you had the coin, it's hard to get one. maria: you don't really want your a 5-year-old driving around in that, right? [ laughter ] or 10-year-old. dagen: if i dropped some l.b.s, i could fit into it. it would be a good way to get around new york city. maria: you could fit into it right now. dagen: less annoying than a man with a pony tail on a scooter at age 50. maria: that's true. what a vision. quick break and then more savings than credit card debt, the solutions for a better financial future couling up. stay with -- coming up. stay with us. ♪ when your feet just can't keep still. ♪ i never knew me a better time and i guess i never will. ♪
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maria: welcome back. debt concerns are rising. a new survey from bank rate finds 29% of americans have more credit card debt than emergency savings, 39 million americans have carried credit card debt for at least two years. joining us rights now is financial expert, chris hogan. i know this is a real important one for you. you're a stickler for debt, chris. >> well, i really am, maria. debt is a thief. it steals from your income. it prevents you from taking care of the people that you love the most but also preparing for your financial future. and so i want americans to wake up and see debt for what it is. a lot of people see it as a friend but in reality, it's an enemy, a preven preventer of yor dreams. >> what do we do, if i've got a lot of debt and no savings, what
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do i do with my paycheck? how much of it do i put towards the debt versus savings. >> that's a great question. the first thing is is budgeting, it allows us to have control over our money. sit down, understand your income but also understand your expenses. now, the next step in attacking debt is to list your debt out. sit down, write it down, list from smallest to biggest. you see, i want you to attack the little one first because getting out of debt, it's about momentum. it's not about interest rate. attack the little one while making minimum payments on the others and then you'll really begin to see progress. as you pay off one debt, take what you were paying there and move it to the next one. it's called the debt snow ball. it's helped millions of people get out of debt. dagen: i look at the increased income, you talk about getting a second job but if somebody's got a family and working 45 hours a week, 50 hours a week, not 80, which is what alexandria ocasio-cortez said, it's very hard to get a second job. how do you increase your income
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outside of that? >> well, dagen, i think the first way to increase your income is by budgeting to have control over it. the next step is to attack debt to get the debt out of your life. when you get out of debt, you give yourself a raise. take a look around the house. we all have so much stuff. dagen, i know you do. you can sell stuff to make extra money and take that money and send it to our debt. think of the talents you have. maybe you could tutor, do some things on the weekend. jobs are out there and they're available. i just want people to real a lies, they've got to take control. dagen: that's selling your stuff, it's marie kondo magic. you go through your home, i only need four shirts, x number of pairs of shoes, there's so many places to sell things nowadays. it's astonishing. i'm a real real person. maria: the real real. dagen: i have sold so much stuff. you're right, chris. maria: like old gold necklaces,
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gold is selling at good prices. dagen: you'd be surprised. you would be surprised. >> everybody's talking about how when you simplify your life, you get happier. maybe you get happier when you get yourself out of debt. dagen: look at chris, he's never not smiling. >> i'm going to tell you right now, you get out of debt, you'll be happier because you don't have a thief stealing out of your pocket. you will be happier, improve the quality of your life. you'll also give yourself a raise. i want people to get out of debt and build up an emergency fund. >> i've got a quick question for you. i've got to move you to one thing we're about to talk about on the show which is the national debt and the deficit we're talking about. you said that debt is a thief, preventer of our dreams, steals from our children and our future. look what's going on with the u.s. debt, i've got to have you weigh in. maria: 22-point -- $1.1 trillion in deficit spending in 2020. are we in your view -- are we
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empowering a thief? are we stealing from our future? what say you? >> i think without a doubt, we're out of control in how we view debt. we're looking at it as a tool from a government standpoint and so i want americans to take back control. each and every household, take control of your money and then the government needs to follow suit. this trillions of dollars of debt, it's not going to go away by itself. we've got to do something different to get a different result. maria: thank you so much. good to see you. chris hogan. still ahead, the worldwide web turns 30 years old as google doodle celebrates, the man who helped create the internet issues a warnings next. that's next right here, "mornings with maria." stay with us.
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joining us. i'm maria bartiromo. tuesday, march 12 top stories 8:00 a.m. on the east coast, on the button, markets this morning are lower we are near -- well off the lows of the morning but certainly off the highs as well. dow industrials down 65 points, boeing now another drag on the dow this morning, s&p 500 just went negative down a quarter point nasdaq up, up 8 1/2, up nine on nasdaq top of big gains a late-day rally yesterday driven by technology stocks, dow industrials up 200 points three quarters of a percent s&p up one and one half percent nasdaq up 150 due to
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strength in tech better than 2% on the session yesterday, global markets this morning mixed take a look at european indices ft 100 up 18 points quarter of a percent the cac quarante in paris down 15 dax in germany down 25, in asia overnight gains across-the-board, the best performer was japan, nikkei average up one 3/4% the groundings of boeing 737 max 8 jets across the world nearly half all the jets that have been delivered since may of '17 are -- the fallout for boeing stock down another 2% as we speak carlos ghosn replaced no alliance unveiling a new board structure as automakers chart path forward carlos ghosn out of jail on bail. tesla ceo elon musk fires back at regulators this morning what he said later this hour stock down 1/2% the internet turning 30 years old. >> google celebrates with doodle the man behind the
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world wide web has a warning about the future stories o coming up to break it down, fox business network dagen mcdowell, author of love your enemies and president aei, cfra investment strategist lindsey bell great to see you. >> good morning, the cover from brexit, to budget -- >>s -- boeing, jay we should point out you mentioned nearly half planes delivered since may 2017 ground by other nation the federal aviation administration held off grounding after the crash waiting to see what they find out. about this particular crash, although the faa is expected by the end of next month, to mandate a software fix for the all flight control system that did play a role in the first crash, in in indonesia maria: why what southwest and american airlines there.
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>> in u.s. very careful tying ethiopian accident to lion air accident in octobering you have china out there regulators saying there could be a connection uncertainty a lot of people saying too early to draw connection. >> companies are very worried that the flying public is going to panic so that is why they are taking o them off in advance, for that reason, but there is no evidence at this point a problem with plane i strongly suspect it will be cleared quickly boeing will be fine. >> china reaction you have to look at as maria did at backstop what is going on between united states and china, and some nations, to suggest that china somehow knows more p a crash ethiopia than u.s., on the ground immediately as part of the deviation black boxes have been recovered, but there is that kind of rash move by some countries, potentially to make
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the united states look bad. >> and boeing sells a third of all of that plane 737 to china. >> incredible safety record there is no that evidence something horrible going wrong -- >> -- dennis told us the end of last year, the ceo of boeing, president trump outlines plans to defensive border spending in 2020 budget blake burman at white house with the very latest there blake, good morning to you. >> good morning to you as well this is third budget put forth by president trump and his administration but first time, that they have put a budget as farred in which democrats control appropriations probative on hill in the house of representatives. the president wish list includes increasing defense spending up to 750 billion dollars, also decreasing nondefense discretionary spending by that same amount, 5%, pair with request 8.6 billion dollars new funding for border wall democrats say this is going nowhere fast
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dead on arrival, senator warren taking the twitter wrote the following of the president's budget saying quote, a budget is more about is about more than numbers a budget is about value than the budge the president released tie another big wet kiss to the super rich giant corporations and guts programs for every won else she is echoing complaints from democrats, about the spending levels for medicare and medicaid but the trump administration insists those levels are not being rolled back. >> what we are coulding is putting forward he reforms that lower drug prices that kaubs medicare pays a very large share of drug prices in this country has impact of finding savings, we are finding ways -- but medicare spending will go up every year by healthy margins no struck changes for medicare beneficiaries. >> budget yesterday maria would balance in 15th year
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also includes deficits between a trillion dollars, and 1.1 trillion dollars for fiscal years '19, 20, 21, 22. >> thank you blake burman white house, joining us right now the new voice, ceo, former republican presidential candidate herman cain thanks so much for joining us. >> thank you. >> not every president gets his budget proposals materialized what is your view on all of this. >> at least, about it is a budget. i don't think the democrats put forth a budget that was balanced in the 8 years obama was president, second, it doesn't matter what budget the president puts forth, the democrats are going to punch holidays in it one of the most impressive parts of the budget to me is the fact that he says that there is going to be a 5% across the board cut in nondiscretionary speaking abouting going to come from looking for savings this is what a leader does leader
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mandates a target up to those to find savings i had to do that as ceo that is exactly what the president is doing. >> cain, nice to see you again, i worry a lot when i see this i see 1.1 trillion-dollar deficit, in the best economy in the past 35 years, but you can't be running deficits like this when we are in expansion we are going to -- governments always do this going to balance this thing in out-years we don't exactly know how but really going to do it and i know you got to about skeptical about this too so give some hard advice real criticism to your brother republican. >> hard advice could be go find savings, get serious about restraining spending that would be hard advice, the problem is that they never get serious about it. republicans or a democrats. >> right. >> you can't just blame
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president trump and his administration, who have been there now a little over two years, for this mess that we are in. secondly, no one has mentioned that that revenues to the treasury because of the tax cuts are up. so you've got those going up a good thing but now also trying to put brakes on spending, and all the flats can do is criticize, criticize, criticize say we're not going to approve money fort wall i think the president has tone a bold step at least putting this directional budget on the table. dagen: he hasn't taken a step towards bold spending cuts again, two dhir-third two-third point in time for entitlement programs there is no evidence again president trump ran on it not going to touch social security not touching medicare fine and dandy i know he has to run for reelection in 2020 again, this never gets
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discussed, and never gets talked about, by anybody. >> you are right dagen. the non-- the discretionary portion has not the been touched because it is going to require central changestruck ab -- struck changes if the president can't get measly billions of dollars for a wall, do you think that democrats and liberals lunatics are going to let him get away with with structural rngs no, not yet i don't know when he is going to do it i do believe that before first term is up getting around to proposing structural changes they are pushing back democrat nat committee looking into 2020 announcing in milwaukee wisconsin host of 2020 convention reps quick to point out socialist history is pretty live and well in milwaukee elected three
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socialist maifmayors in the past with the field stumbling over each other in race for radical left would hold this only sxe in a elected three socialist mayors seems very clear, choice, between socialism versus capitalism herman. >> i would absolutely agree with you, let's not forget, milwaukee is in wisconsin, and a big mea culpa on behalf of hillary clinton because she did not go there when she ran for president that is the other factor i think is at play, and trying to go and show some love for the state of wisconsin. but a bigger point -- dagen: summed up two words cheese kurd. by going to the state she
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didn't, trolling their candidate -- on this. >> do they not realize that do they not get it about what issue socialism versus capitalism are people clear on differences, you've got all ideas green new deal you've got medicare for all, the tax on wealth 70% tax rate do people understand what this means? what federal programs look like socialist federal government takeovers? >> some people don't understand the difference between capitalism and socialism but good news most people know that socialism has never worked in a country, in the history of the world. so the republicans and the conservatives voices out there the big challenge to make sure that people understand. i -- am a firm believer that if people have the right information right understanding, they will make the right decision is there is no the contest between capitalism and socialism all
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you have to do is look at success of the united states of america make sure that the people understand that, and they will not be swayed by these empty socialist promises coming from all the democrat presidential wanna-bes. >> thanks so much. >> thank you. >> we didn't get to nancy pelosi, saying she doesn't want to impeach president,we will save for next time herman cain. >> right after this global backlash over boeing this morning, more countries across the world moving to suspend 737 max 8 jets in aftermath of the deadly crash in eth nobodyia world wide web turns 30 creator issuing a warning sign what he is saying in a minute. ♪ ♪
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as severe jaw bone problems may happen or new or unusual pain in your hip groin, or thigh, as unusual thigh bone fractures have occurred. speak to your doctor before stopping prolia® as spine and other bone fractures have occurred. prolia® can cause serious side effects, like low blood calcium, serious infections, which could need hospitalization, skin problems, and severe bone, joint, or muscle pain. are you ready? ask your doctor how prolia® can help strengthen your bones.
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top headlines following more countries grounding boeing 737 max 8 jet malaysia australia latest to suspend the aircraft from therapists, deadly crash in ethiopia on sunday thekins follow similar moves in china south africa singapore indonesia brazile mexico in united states faa hays no plans to ground the aircraft for now but ordered boeing to make urgent improvements boeing confirming will deploy software upgraded to 737 max 8 ceo defended the airplane's safety to maria after the lion air crash. >> the real bottom line here the key is that 737 max is very safe we are very confident in that safety is a core value for our industry for our company always has been always will be. >> was there a change in terms of this model the 737, that
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wasn't are a tick latest to pilots did not know how to respond. >> 737 max has capabilities embedded in it included in training we go through airplane has gone through thousands and thousands of hours testing and simulation, working with our polites, ensuring they have all the information to safely operate the airplane, and in some cases, those new systems are designed to take advantage of the capabilities of the airplane. we have already issued a couple of follow-up bulletins coming out of the ongoing vacation pointing pilots to existing flight procedures going to continue to do that it is very important we provided all information needed to safely operate airplanes. cheryl: boeing stock lower again in premarket, down 3 and
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quarter%, as you can see, here wells fargo ceo tim sloan is going to testify before house financial services today, he is he is going to be grilled on fake account scandal first time a bank ceo appearing before a committee led by democrats, future in question regulators seeking answers whether he can repair the image, last year wells fargo stock down nearly 15%. well automakers renault nissan mitsubishi created a new board of directors that excludes former nissan chairman carlos ghosn board will oversee french japanese partnership meeting every month in tokyo or paris ghosn one of 8 members of the board recent request to attend the meeting was rejected by a judge, ghosn released weeks from tokyo jail nine million dollars bail spending more than 100 days behind cars accused of underreporting salary at nissan, he still denies.
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>> then the internet 30 day google celebrating with this doodle you can see it if you go to doodle creator of the world wide web has warning a blog post tim berners-lee writes webb brought a lot of good also dysfunction says time for every one to work towards trying to change the web, for the better. all right we've got more coming up investors eyeing u.s.-china trade, as the top negotiations reportedly hold call overnight, elon musk fighting back, tesla achieve suggested sec infringing on his first amendment rights holding him in contempt of court, we are breaking down the fallout when we come right back. ♪ ♪ ♪
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questions about u.s. china trade story top officials from both countries holding a phone conversation last night, there still uncertainty since meeting between president trump and xi jinping has not been set leaves investors anxious about the future joining us llc founder ceo, good to see you thanks so much for being here. >> thanks for invoout. >> a lot of uncertainties from the standpoint of a market adviser like your firm china to brexit how are you right now what is most important in terms of allocating capital volatility if volatility stays low meaning we have certain outcomes on today especially with brexit vote if outcome they take the deal you will see sterling rally because markets like certainty the
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equities up u.s. you would see sterling rally if we continue with some sort of uncertainty in terms of china trade and brexit that is going to ride volatility that could weigh on u.s. equities, because equities don't like uncertainty and any country. so what we are looking for us some certainty from the market, and both the china traded negotiations and brexit with vote. >> without two things you've got an economy that is lucky if it grows 1% in europe for -- >> true so that how have you been advising on that to about sure the euro we have already seen a great loss in the euro i think will go to party draghi did an interesting thing introduced loan facility said economying slowing slashed growth forecast said risks waetdz downside highly unusual for ecb after taking all those measures the reason they said, it was so waetdz downside in europe weighted
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downside brexit trade the ecd has no poll control over those. >> the political environment really is also -- >> oecd, come out asking, or telling the ecb european commission that look, you probably he need to inject more stimulus into to stabilize things. >> i do very tough european parliamentary elections the end of may some populist parties coming to the forefront why that is dangerous for euro populist parties are antieuro going toaway on sentiment also affecting european government ability to pass measures to stimulate the economy as well. >> what are you telling your clients about the odds of going into recession in europe and/or united states next 18 months. >> i think the odds are quite high europe will go into recession that i think even six months, i don't see the u.s. economy in recession, at least for the next 12 months.
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just because, growth has been so strong, in jobs, and wages i know we just had a disappointing jobs number for february, but i think it is a bit of aberration. >> wages not disappointing. >> no wages not disappointing, yeah. >> april 2009. >> finally people are making more money. >> they are that is great so i don't see you know, consumers halt cigarette consumer spending i think will keep going on we will see a little drop-off in housing sector but u.s. economy strong relative to the rest of the world. maria: great to have insights thank you so much, joining us there, coming up next, we are talking about a for warning from u.s. as it tell germany to drop huawei technology secretary of state mike pompeo broke nice with me first a few weeks ago u.s. army undersecretary mccarthy will join us in exclusive interview necessary.
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>> suggesting regulatory, infringing on amendment rights holding him in contempt of court. stay with us. my dream car.
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it turns out, they want me to start next month. she can stay with you to finish her senior year. things will be tight but, we can make this work. ♪ now... grandpa, what about your dream car? this is my dream now. principal we can help you plan for that . thanks so much for joining us. i'm maria bartiromo. it is tuesday, march 12 your top stories right now 8:30 am on east breaking news right now february consumer price index is out, it is up two-tenths of one percent in line with expectations, in fact, year-over-year actually lower than estimate year-over-year february cpi is up one and one half percent versus estimate of 2.2%
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year-over-year, so the inflation numbers are out this morning, they are either in line, if you look month over month, to lower than expected if you look year-over-year on consumer price inflation, the once again we do have a cpi that shows, very little or no inflation. markets this morning not reacting dow industrials has been has been lower all morning, because of boeing. he boeing stock down again, the s&p 500, nasdaq higher this morning the s&p turned higher after cpi number shows no inflation. . the nasdaq up 13 points, adding on to big rally yesterday, up 150 points on the day yesterday on nasdaq, in europe this morning, european indices also mixed take a look at ft 100 higher 8 points off highs of the morning cac quarante in paris down 12 points the dax in germany down 24 in asia overnighted, gains across the board best performer was japan, nikkei average up one and three-quarters hang seng
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in honoring up one and one half% from maileamerican air al has confidence in safe operation of aircraft including boeing 737 maximum 8 jet after reviewing extensive flight data so here we are with american airlines a cue from faa, has deemed this plane safe. many countries trying too china included have ground the 737 after the crash in ethiopia. >> senator, elizabeth warren, and at the he 20 to hopeful lays out vision for regulation. the fallout from one of technology portrays biggest conversations she wants to wreak companies up, we are gets into it, then this elon musk firing back at regulatory wh regulators what he said as he continues to push back, securities and exchange, top story is the 2020 bounding proposal from the president, the white house revealed a 4.7
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trillion-dollar budget, highlights 8.6 billion dollars for a border wall 750 mlgsdz national defense 718 billion to pentagon, giving military, a 33-billion-dollar increase. the president's budget also cuts 818 billion dollars from projected medicare spending over 10 years joining me right now to talk about all this the undersecretary united states army ryan mccar thee honor to have thank you for great service in wonderful u.s. army let's talk about the budget, here we have, 22 trillion-dollar debt all talking about calls to pull it back, yet the president proposes adding more, to the defense side of the budget, you are here on front lines, you are going to talk to us about where the priorities are. can you do that. >> absolutely. maria the world is a very complex dangerous place u.s. army has been in sustained combat operations for 17
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years. and all the while -- other nations and around the world have studied our operating capabilities weapons systems, have made the vast investments economically and militarily to current capabilities so the reflection of top line as well as u.s. army budget is aggressive it is substantial, we are very grateful for the fi 18-19 deal we got we have to keep going to rebalance institution and be able to foresee national objectives worldwide. >> one priority is rebuilding readiness tell me about that, as well as, strengthening alliances partnerships improving perform affordability through reform how are you doing that tell us where you see money aladies readiness we use liberally like professional athlete getting thousands of repetitions summer before season, nba season taking frequent shots soldiers have
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to about ready when you have over 60% requirements worldwide to support national obts militarily -- u.s. army readies always number one priority over half of our budget, is personnel operating in maintenance we have to do what we must to have people ready as they can be, the rest of the investments are modernization, modernization budget, is going to be very aggressive we have signaled that, with f. dagen: 18-19 realigning billions of dollars portfolio 80% against 6 signature priorities first, next generation combat vehicles fighter -- helicopters i object to graitsdz, most systems are over 40 years old if most cases for signature weapons systems formations so we have to make these choices, to move forward.
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maria: then modernization that you are in middle school of or efforting, has a command, new command army futures command tell me about that how does that hel more thanization. >> with moves of investments we had to look at the ourselves how we do business, and what army recognizes is that it was disparate people with the decisions whether requirement what is the how fast is the weapon system are the range capabilities necessary that is the customer the war fighters then the sprmentation acquisition, spread across the mill person organization, so what we need to do bring under one roof we went through restructuring most complex in a we have done since 1973 four star command became bridge in academia business back to the entrepreneurial spirit of the country, where we have developed some of the finest sims war fighters ever used in the history of department of defense, we headquartered in
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austin, texas, four star headquarters operate in civilian clothes footprint in accelerator hub campuses university of texas austin four star commanders in university of texas system. >> while you have done that to try to centralize things you have been making cuts in the armyy right up against lots of priorities, to spend less money? >> so we want to show two things in this budget, was really fiscal discipline so look at every -- every program zero based budget approach, the army leadership secretary, is very chief chairman and i brought in marriage xhaernz all four star generals select staff codes the army call it night court, we sat there 70 plus hours principals only everybody had to do their hoenl work then propose their budgets, and over time, we would look at how it laid in
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against priorities if you couldn't defend in that room slapped the table we take money or finance those efforts. was very, very aggressive, long, hot summer but we made very complex choices realigning over 31 billion dollars across the five year futures defense plan, so in department of defense we are we do over five-year horizon, so the modifies that are made because you have to develop most of the weapons systems scale to institution over a million people. >> all of this while some of the threats out there, are trying hard to keep up or even beat u.s. military. i understand that china for example has more navy ships in an u.s. has navy ships major concern for the u.s. government has been huawei, and the telecom secretary of state pompeo was here a few weeks ago listen to what he had to say. >> europe is pushing back on this idea that president trump
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and your administration wants to ban or potentially stop slow down use of huawei technology is that what you found in europe. >> we have been out around the world just making sure everybody had information, that countries understand the risk of putting this huawei technology into their i.t. systems. we can't forget these systems were designed by with the express work alongside chinese pla, their military in china. they -- they are creating a real risk for these countries and systems the security of their people, if a country adopts this puts in some critical information systems we won't be able to share information with them. >> we talk a lot about the economic warfare going on between u.s. and china, but there is really military grefgs as well this is a concern for the army? >> it is. >> we have -- looks at couple things from the investment standpoint as well as operating content, the army
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had our four years operating business model we called airline battle, and we are in process of developing what we call multidemand operations you would still have those air land components to major combat that we fight together as joint force but adding cyberspace, in space so this is going to change the way we do business, coupled with the army network investment priority, laying in over 20 billion dollars across the five year future defense plan substantial investment how we protect our information. >> tell me about that technology is critical here, and a lot of countries are using ai in many people say that they are ahead of the u.s. in terms of ai, are we using ai within the military? what how would you characterize technology in u.s. army. >> sos we developed artificial intelligence task force. tying in with world class academic outlets as well as
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companies a lot of challenge with ai as much cultural condition of how we will use that in our operating model as well as the technologies that will invest against ai will be quite frankly, the technology that will change warfare in the future whoever gets their first will dominate. >> and do you feel like you have the tools needed to -- become number one. >> we are putting our best and brightest forward, we are investing substantially, and it will be a priority for us in the future. >> before you go quick in terms of of the priorities for u.s. army today. >> readiness, always number one, we have 180,000 troops the deployed in 140 countries on 17th year sustained combat operations, and middle east, so we will always be focused there. to put our men and women best position when zploid, but stam moves in modernization more coming in the near future great to have you on fram this you undersecretary ryan
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mccarthy joining us thank you a break large poll says millennials embracing socialism as freshman politicians like congresswoman alexandria ocasio-cortez bring it to forefront stuart varney weighs in on that mounting privacy problems live to the so you can't by southwest conference how big tech is talking major privacy concerns ahead first a special update from the tennis channel. >> hey welcome to tennis channelcourt report for fox business i am jessica, the wta newest star osaka under spotlight at paribas open faced american, tight first set 6-4 osaka ran away with 6-2 second set to steal matchbook spot in a round of 1637 up next for osaka, one who won a title in dubai. >> just kind of realized that there is nothing else i would rather do, and i am really privileged to about here in the first place so i might as well -- you know enjoy it. >> huge upset happened in
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men's drive number three seed loss to the unseeded strauss, only second time in his career strauss had beats ann player in the top five you can watch all the action from the fifth major on tennis channel our live daily coverage hits the air 1 pm eastern. ♪ it's screening technology that helps you find a stock based on what's trending or an investing goal. it's real-time insights and information, in your own customized view of the market. it's smarter trading technology, for smarter trading decisions. and it's only from fidelity. open an account with no minimums today.
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and it's only from fidelity. (nationwidyou see brad, songs are really about big life moments. baby shower here. big. life. moment. what is in here? ohh! oh, i hope it's a life insurance policy. what? it's a sensible gift. protection for you and your family, nationwide has all the tools to help you find the right coverage. tiny baby shoes. so close. (peyton) makes no sense. babies can't even walk. should have been a life insurance policy. plus it would have been a great song. think about it, the lyrics, the beneficiaries... brad, where are you going?
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maria: welcome back new harris poll shows young americans are embracing socialist policy more than past generations host of
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"varney & company" to weigh in. >> i think a problem for republicans actually these views the -- the millennials the generation z people 38 and underage group we are talking about largest voting polk in the 2020 elections becomes millennials and generation z. this bloc firmly approves having sociallyic policy 7 % approved government providing universal government revived welfare 6 7% approved institution free college policy out of socialist playbook a large voting bloc heavily in favor of socialist style policies the republicans are nowhere to about found on these issues, i mean i think it is a problem for them, the president, has you know,
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breitbart interview understands ease to campaign on socialism for free stuff probably get -- you are going to win not necessarily going to win you are going to do well -- then he says 10 years later the country is destroyed, but that message is not getting through to millennials. they support socialistic problems problem for republicans in my opinion. >> wait till 16 years old start voting. >> stop it maria don't want to ruin my day even though only tuesday. >> i think we should -- >> stuart -- >> -- you want to move voting age to 40 i am okay i am 70 i will vote. >> you are 70 i want to look like stuart when i am 70. >> i love you i love you. [laughter] >> you and i talked about this for years, you know, you and i agree originally as you know i am less worried about young people saying they are socialist today maybe as a result of pollyanna what young people call themselves has very much to do with sense of
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dignity as aspiration optimism in 1976 two-thirds of young people in 30 voted for jimmy carter 1948 two-thirds for ronald reagan young people are very you know promiscuous in -- sorry in voting pattern. and the way they see themselves. >> please come on my show tomorrow. >> come on stuart! ! you going to use this time for that. >> i am going to steal him you off i am stealing him. >> see you 10 minutes stop of the show "varney & company" right after "mornings with maria" every day, we will see you then thank you. coming up, securities and exchange tesla ceo taking on regulators over tweeting we are take aeg live! look at how big tech is battling american price of issues american privacy issues, we'll be right back. ♪ hey -- wow -- hey ♪
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♪ (bird chirping) lots to do, hope you fuelled up. sure did. that storm sure ripped through. yep, we gotta fix that fence and herd the cattle back in. let's get at it. (whistle) (dog barking) (♪)
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maria: shares of dick's sporting goods tumbling despite double beat on earnings and revenues gerri willis with more. >> that is right so dick's beating on top and bottom line 1.22 earnings versus 1.06, 2.49 billion revenues versus 2.48 billion slumping why? it is you stadiyou same-store s down, expectation of 3.3% company optimistic in conversation projections next year if you remember has been a year since this company banned sales of assault style rifles and liltsdz sales of
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firearms to consumers under 21 consumers have been taking it out on dick's, trimming visits to the store, tesla elon musk saying in a court filing he did not file -- terms of fraud september restricted social media use to a federal judge could hold him in contempt of course, sec required preapproval of elon musk tweets but apparently there is one tweet that got through. directly from mr. musk said they would make 500,000 cars in 2019 so a production estimate nap they have trouble with we know that elon musk problems with setch kre go way back called them short seller exchange commission and sec obviously, entrenched on this idea he is violating terms of his settlement the original tweet he said he secured funding to take the company private.
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dagen back to you. dagen: thank you so much gerri willis new york stock exchange, still ahead mounting privacy problems, we are taking you live to south by southwest that conference for a look how big tech is tackling privacy concerns. stay with us. ♪ ron! something's going on at schwab. oh really? 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. to be nobody but yourself in a world which is doing it's best
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dagen: big tech companies facing backlash at south by southwest. hillary vaughn in austin with the details. hey, hillary. reporter: well, instagram cofounder mike creager responding to senator elizabeth warren's plan to cut facebook down to size by having regulators retroactively reject facebook's acquisition of instagram. >> it's like the time traveler has to go back and unwind the acquisition from ever happening. >> you heard it first. elizabeth warren, time traveler. >> the cliche that every company is a tech company is increasingly true. breaking up tech or having those kinds of conversations, i think the conversation will go better and lead to better policy if we are really specific on the problems we are trying to solve and specific on what the implementation would be. reporter: warren is also targeting google and amazon, saying they too need to be cut down to size because she thinks they will be held accountable more easily that way.
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dagen: thank you, hillary. so good to see you. love your enemies. >> it's on sale today. dagen: we should do a podcast based on our conversations in the commercial break. >> i would love that. dagen: "varney & company." stuart, it is all yours. stuart: good morning, everyone. boeing's troubles are spreading. the issue is the safety of the 737 max 8 jet. australia has banned those jets from its air space. singapore will not allow takeoffs or landings and as of now, about 40% of the max 8 fleet is grounded. in america, they are still in service but social media is full of comment from people uneasy about getting on board a max 8 flight. the faa said this morning it will issue quote, a continued airworthiness notification to max 8 operators. in other words, the u.s. authorities say it's okay to fly it. again today, boeing stock is under

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