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tv   Mornings With Maria Bartiromo  FOX Business  April 3, 2019 6:00am-9:00am EDT

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warning for the actors, academy new rules on netflix could break the law and not even one and done, the alliance of american football suspending all operations before the first season ended and the league rubbing soft in the wounds, all that coming up mornings with maria begins right now. ♪ ♪ maria: all right, happy wednesday, let's check futures, we have a rally this morning. dow industrials indicating it will be up 100 points. pretty good discussion on the china-trade dispute, optimism as two sides begin another round of
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negotiations later today, i reported yesterday my sources are saying that they are in the writing of the mou part of this discussion, that means that's memorandum of understanding. the president doesn't call it an mou but they are certainly in the writing part, writing what are the major issues this morning between beijing and the u.s. this as the situation in u.s.-méxico border remains in focus this president. the president and the department of homeland security secretary kirstjen nielsen emphasized the need for action now. >> if i have that close it, our system is absolutely maxed out and border patrol has done incredible job but the system is absolutely maxed out. we don't have security in the country, that's more important. hey, all you get me talking about is trade, but let me give you a secret, security is more important to me than trade. >> in my opinion right now this
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is one of, if not, the biggest crisis the country has faced in the decade. >> true. >> humanitarian aspects of this have got to be addressed. this is at top of the list, but we are not treating this like massive cat 5 hurricane disaster. maria: republican lawmakers and business leaders are objecting to the potential border closure though, joining me right now lawmaker who was at the border past weekend, arkansas congressman french hill, congressman, good to see you, thanks for being here. >> good morning, maria. maria: what did you see, assess the situation for us from your eyes? >> my if i have it trip to the border but this one was most compelling as it relates to emergency. we visited with catholic charities, we visited with border patrol and no doubt that they are overwhelmed by the hundreds of thousands of people coming across the border. don't be concern about caravan,
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they have a caravan a week in terms of number of people recently at mcallen, texas. maria: that's incredible, what's concerning is the fact that the groups that are coming in have changed from young males to now families but we are not really sure if they are actually families, do you get a sense of that? >> right, it is a challenge. they are for the first time males accompanying children, they are in our detention center, that's a real clear change from catholic charities and custom and border patrol people, our laws are built around deporting single male mexicans back to méxico, now we are confronted with central american families coming across the border in record numbers and we just don't have the staff to process those or places to hold them, so they're now being released directly into the united states and not being held and fully vetted for about 72 hours.
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maria: they know that, that's why they are parading as families. they know that once they get here as a family, they won't be able to get -- they won't get separated because they are a family and they'll probably get released once they are here and not show up for court date. so this is getting -- this is sort of getting through to a lot of people and they are saying, well, let's get over there. the journal is out with editorial this morning, the editorial writes, blowing of the border is the title writing this, u.s. economy showing signs of renewed growth after rough patch of government shutdown, federal reserve mistake and uncertainty over trade, mr. trump would undercut growth revival if he now closes the border, congressman, there's real pushback here, your reaction. >> yeah, i agree with the wall street journal's editorial page, i think we need to divert resources to the border to help custom patrols and border patrol do their job, the billions in
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cross-border commerce, we need fema people at the border to help with this humanitarian crisis. we need contractors to help us with the humanitarian crisis and let our custom officers and border patrol go back to their core mission, but i believe it would be in the safe to stop the trade flow across the southern border, i think that would be economic mistake for the country. we need to treat this just like jay johnson, obama homeland security, we need to react to it as if it were a cat 5 hurricane. maria: why sit worst than it has ever been if the obama administration did so great? >> well, i toured the facility built by jay johnson in mcallen, texas by friday, detainee facility in mcallen, texas during 2014 family crisis, i think really the numbers from 2014.
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maria: that's what i'm saying, we have to get your take on china before you go. trade talks beginning in washington today, the two sides closer to deal than ever. the presidentmented on negotiations last night, listen to this. >> we are very close because you are going to have -- [applause] >> when i asked sean, if we get there, you know, let's see what happens, i think we are doing very well, they need the deal more than we do, they need the deal and they are getting hurt badly. maria: congressman, your reaction, another point out in the journal this morning, is it too late to counter china's rise, most people believe that u.s. will be less important in china in years. >> i think we have obviously a major trade issue but we are
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joined with trade issue with eu, japan, to rein excesses when it comes to state-owned enterprises, block ability to steal intellectual property and compel americans to share technology, that's at the heart what the president is trying to do with this agreement. maria: i know, but the issue is enforcing all of that. the chinese have agreed to buy more soybeans and natural gas, they have agreed to open up markets to certainly financial service's industry among others, are they going to be able to stop the stealing of intellectual property and will the u.s. have enough of enforcement mechanism in place to actually snap back something should they fail on that promise? >> that's why this negotiation is 20 years overdue and so important since china joined wco. we need that enforcement. simply buying more american goods and services is not good
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enough. we need structure reforms. maria: we will check back with the white house, congressman, good to see you this morning. meanwhile this, lights, camera and possible lawsuits t justice department warning academy award about blocking netflix from the oscars, dagen mcdowell with more, hey, dagen. dagen: hollywood's act study if you can't beat them ice them out. warned the body that oversees academy award that is clearly designed to sideline netflix could raise antitrust concerns. the department's top antitrust official sent letter first reported by variety, this letter to the academy that such a rule change that would require eligible movies to be released more widely in theaters could represent an agreement among competitors to sideline an emerging rival.
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this has been a hot button issue, netflix produces more money than any other major studio, but some big wigs in hollywood like steven spielberg, one of netflix's biggest critics in the week leading to letter, steven spielberg would lobby fellow members of academy to force net flicker to more seriously release movies in theaters. this really came to a head over movie roma, top best picture contender in terms of alfonso. you know what, we will see if the academy tries to ice out
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because you know what, he will get you back. [laughter] dagen: i'm talking, you know, bigger -- maria: talking to me? [laughter] dagen: figuratively. dagen: you think i'm funny and make you laugh? maria: exactly. true that they got nominated for the award, the movie that you referenced and didn't win. dagen: they were cheering the fact that roma didn't win which was ludicrous to me and raises issues does the justice department really need to be involved with this unless they send a letter. maria: startling new information coming this morning in light of crash of boeing 737 max. cheryl: pilots that crashed last week in ethiopia followed boeing emergency procedures but unable to regain control of the plane.
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the wall street journal reported that the cruise turned off system that was tilting nose down but relying on other steps before the jet went down. the information that's coming from the jet black box recorders, boeing shares higher slightly fractionally in premarket right now. well, a chinese woman now in police custody after illegally entering mar-a-lago with thumb drive containing harmful computer malware, president trump was there at the time, taking part of international conferences, she's under arrest. all right, getting ready to set the record straight, former nissan boss carlos goshn taking to twitter, first time speaking out since release on bail and after it was announced that prosecutors are writing a fresh case against him.
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the wall street journal is reporting that nissan is investigating whether goshn used millions in company money for personal use. we should also say that everybody was jumping to justify the twitter account and had blue mark on it, maria, so it is him and we are looking from hearing from him obviously. maria: sure, it definitely is him. thank you so much. health care in america, president trump calling the gop the party of health care but putting creating a plan until after 2020 election, the debate coming up. the complete collapse, american alliance in football suspending all operations leaving players reportedly to pay for their own flights home, what quarterback johnny manzel is saying about that, lots to come
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maria: welcome back, great wednesday this morning, coming up whip steve scalise. mark giving us sense of business, fox news senior judicial analyst judge andrew napolitano and new mikhail varshavski also known as dr. mike. big show, done miss a moment of it. we kick it off with health care in america. president trump spoke last night at the national republican congressional committee's annual spring dinner, he said republicans need to take back the house in 2020 so they can get their healthcare plan done, senate minority leader chuck schumer, so republicans do not have a plan. >> there's no reason to have lost it. [cheers and applause] >> what really lost it and really helped us lose it was health care because we didn't have an alternative, we just said, well, the republican party will be the champion of free existing conditions, you have to
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do it, some of you like it and some of you don't, you will have to like it, not only for politics but it's the right thing. i will be asked that this be my first vote immediately after the election. >> he promises reelect me and maybe you can take a peek at my backup plan, what a shame, what a disgrace. maria: joining the conversation jon hilsenrath is here, market strategists at third 7 advisers michael block joining dagen and me. thank you so much for being here. they don't have the plan and the president said they would be party of health care. >> what he said also that they are going to be the party of preexisting conditions meaning that that they'll force insurance companies to cover policies even -- even if you have preexisting conditions which is something that democrats have championed in the
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past before so a good example of the president so-called triangling on issues like this. >> you see pharmaceutical companies being taken to task for high prices, beyond that the pharmacy benefit managers and the distributors who are really have a lot of power right now, that power is decreasing, that should be good for consumers, as for republicans and healthcare plan, promising that they'll have something better is going to carry them into 2020, but they know that, they know that they can win the battle just by talking and promising. dagen: no they won't actually because they didn't win it in mid-term election. lost the house quite frankly and the middle of the row seats, love it for the republicans, the biggest and i said it the day it happened on this program, the biggest problem for this white house is the trump
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administration had its justice department reverse course in this texas loss of decision by federal judge in texas that this justice now stands of full repeal of the affordable care act but in fact, it only stood by getting builts and pieces, when you come legally, hey, we need to get rid of it all because it could fall or not likely and you have nothing to replace it, that's a losing strategy. >> the question becomes can the gop finish -- chuck schumer is saying this is a shame and everything else, what is he going to say if we just keep the status quo, that enough. maria: there has been an effort to get prices down. that's one of the big issues, i recognize there's much more to do but the white house has tried to get drug prices lower. dagen: that's actually the democratic strategy because the idea of -- president trump
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talked on the campaign trail of having medicare negotiate drug prices directly -- maria: more competition. dagen: well, it's having the government negotiate, that was hillary clinton's position as well. so he's on the left in terms of that. the drug prices are coming down, generics are coming down, one reason that walgreens earnings have been hurt, people are switch to go generic, record-number of generic drug approvals in the country. >> let's do medicare for all, let's do socialize medicine for everyone. maria: that's not going to work. dagen: i don't know. big helicopter when obamacare
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passed, some medicare for all is single-payer because they didn't get rid of medicare, that's where we are right now. i thought this was interesting, obamacare and the affordable care act are actually a conservative plan compared to what the democrats are pushing on the campaign trail. >> that's the point that i'm making, democrats are looking for something more aggressive, government-run health care for everyone. we don't know what the republican alternative is going to be, ironically the middle ground might be the status quo, the obamacare plan that no one seems to like. maria: let's take a quick short break, more fallout from facebook, social media giant was harvesting user passwords and showdown, new york is not holding when it comes to new congestion pricing plans, more of that back in a minute.
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maria: welcome back headlines across america this morning, boston globe that wynn resort covered sexual allegations against ceo. accusing executives of wynn resort of covering up and hiding allegations against steve wynn. reporters scared to report claim. chicago mayor making her the first african-american woman, replaces rahm emmanuel of mayor of third largest city in the
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united states and she will handle corruption there. new yorkers oppose congestion pricing after lawmakers voted to enact congestion pricing. over half of new york city voters, 54% oppose the plan, governor cuomo said that would go to improve the city's subway system. well, we will see -- [laughter] dagen: i don't know how this is going to work but again -- maria: somebody has to pay for the subways, right in. dagen: they act like more revenue -- the big companies take deliveries in the middle of the night and are little trucks and -- you cannot get through any of these streets in midtown
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manhattan. maria: they are coming outside the city. dagen: i want them to issue more tickets with horn-blowing, 350-dollar fine for aggressively blowing your horn. can you imagine -- give me the ticket book. [laughter] maria: loud city that's for sure. quick break, more accusations against joe biden, president trump spoke out against vice president and alexandria ocasio-cortez did so last night. scrambling till the end. online ticket sales for marvel's avengers end game left in chaos as fans grab seats for franchise, all the details after this. when you rent from national...
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maria: welcome back, good wednesday morning, april 3rd, 6:31 a.m. on the east coast. investors are waiting for report this morning, look at jobs at 8:15 a.m. u.s. representative lighthizer and treasury secretary steven mnuchin meeting with chinese vice premier in washington. markets are anticipating a deal at some point, we had rally underway this morning, dow industrials better than 100.
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futures on nasdaq 41. lagging walgreens shares, the drug-store chain announced cut to profit expectations, economic uncertainty, the warning from walgreens put the stock down and put the dow industrials down with it, dow giving nearly back 80 points, s&p was unchanged and the nasdaq was up about 20 points yesterday, quarter percent. meanwhile overnight, well, let's check asia right now, overnight asia, many of the major indices are up 1 and a quarter percent. shanghai composite in china up ahead of u.s.-china talk. in europe this morning the situation looks like, this european indices higher across the board, best performer is germany, the dax up 120 points, better than 1%. federal reserve in focus, president trump reportedly blaming the fed for holding back the economy and the stock market, commander in chief specifically taking aim at
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federal reserve chairman jay powell, he said the economy would have grown 4% had it not been for the fed raising interest rates. plus fallout over facebook, the social media giant demanding new user e-mail passwords, controversy coming up. hottest ticket in town, avengers end game in sale, we will tell you what went wrong there. the collapse of the aaf, alliance of american football suspending operations leaving play toaster pay their own flights home. johnny manzel. first top story this half an hour, former vice president joe biden facing additional allegations of inappropriate conduct, two more women came forward, president trump with a few words for biden last night. >> our former vice president, i was going to call him, i don't know him well, i was going to say, welcome to the world, joe, are you having a good time, joe? maria: joining us right now the daily caller in chief
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christopher bedford, thank you for join us. are we going to be talking about biden in the running for presidency in 6 months from now? >> joe biden is an interesting spot, i think he's been the victim of pretty vicious politics where people have seen on camera and had known for years that biden, they called him uncle joe biden was someone who got touchy feeling, close to folks, he's not accused of sexual assault, he's accused of making people uncomfortable and that's been part of his stick, he act it is way that he shouldn't, but now he's in a race against democrats, a lot of other young and upcoming democrats who might think that's their turn, the fives -- knives are out for him in his own party, terrible way for him to start raising money and run for president.
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jon: christopher, if biden doesn't even enter or doesn't make it in primary campaign, who is the moderate alternative for democrats, a lot of people are sticking ground on the left, who is the middle of the road person for people who consider? >> i haven't seen really any middle of the road candidate completely yet and even with joe biden who seems like he's the moderate, who seems like the person who connects most of the working and middle classes in this country, he has taken hard-left position in barack obama's administration, first people to push, later became champion for obama administration. he was the first who said it, he pushed a lot of the things, interesting politician and can make it seem like he's more moderate, i think, than he is, other than that, the democratic primary so far just like a lot of primaries is a race to apiece the base. maria: look at all of the plans that they endorsed, all of the
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candidates endorsed the green new deal, they are all talking about some sort of higher taxes, tax on the wealth, et cetera, the president took aim at socialism last night and spoke out against alexandria ocasio-cortez's green new deal, here is what he said, watch. >> the green new deal, done by a young bartender, 29 year's old, a young bartender, wonderful young woman, the green new deal, it's crazy, you know, the first time i heard it, that's the craziest thing, you have senators that are professionals that have been there for a long time, white hair, everything perfect and they are standing behind you and shaking, we support the green new deal. maria: yeah, what about that, doug collins, congressman collins called aoc the cospeaker, nancy pelosi must be out of her mind. >> he has a way with words, i bartended for years.
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president trump kind of nailed it there and what's been upsetting for i think maybe more moderate democratic voter out there is watching how many serious people senators have gone -- who are on campaign trail now endorsed the plan for the green new deal and even congresswoman alexandria ocasio-cortez is all over the place and the second speaker is a great name for her because she's doing phenomenal job of setting agenda way outside of what a freshman congresswoman should do. he has a national identity. i heard she hasn't set up constituent office and complaints that maybe she's spending a little too much time spending on national agenda than local agenda. dagen: this goes back to joe biden as well, that this is the party of identity politics and that all you have to do to shut down an older white guy who is like running for the nomination
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or running the country is just to use your gender, use our identity to basically silence him because, again, if you criticize me, chris, you're a sexist, it's never about the ideas, it's about you are attacking me, you're hurting me and that is what the party has become. >> i have seen a lot of debates around dc wonder if they should defend someone like joe biden from the accusations saying there's no comparison of harvey weinstein, but a lot of other people are saying, why not let the democrats play by the rules that they've set, the rules that they've set for justice kavanaugh. the politics of division and everyone can only speak for themselves really emerged under president barack obama but had strong leader who could pull leader even if they were at each other's throats. maria: penal like aoc priming
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new people to get in primaries, she's looking for somebody to take jerry nadler's place, she's looking at party and looking at positions to try to figure out who can i help get ahead and who can i get in there if jerry nadler will not take down trump, somebody else will, they are afraid of the freshmen because they are trying to outprimary them. judiciary committee chairman lindsey graham is vow to go bring former fbi james comey back to capitol hill to testify about the whole russia investigation, here is what graham said last night on hannity. >> many americans believe that the top level at the department of justice and the fbi, they wanted clinton to win and trump to lose, they manipulated the law to let her off, manipulated the facts and the law to go after trump and that's a big deal to a lot of people, republicans and some
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independents, i promise you, former director comey will get to sign the light of day. maria: lindsey graham was with me sunday, four things he will look at aggressively. it's up to william barr if we will see accountable on the perpetrators who created this narrative in the first place. >> up to barr basically but lindsey graham, senator graham only republicans who has got really the stomach ak for going after the people who were working under hillary clinton and under barack obama, the republicans on the hill especially in leadership are saying, this is old, this is old they want it in rear-view mirror, they don't want to speak about it. lindsey graham is saying, now that we have no collusion, why are u.s. spying on u.s. citizens, how was the spying done, there was a lot -- why was
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the comey report handled so poorly outside of department of justice guidelines. there are a lot of unanswered questions on how the department of justice acted and i don't think that they've been solved so far. maria: comey has a lot of answers to give us, given the fact that he claim he didn't know hillary clinton paid for this dossier before he used it to wiretap an american citizen and, remember, he tweeted that out, he will be there to answer them once lindsey graham gets going. chris, good to see you. >> thank you. maria: suspect arrested in the -- >> eric holder 2 days after he was shot and killed, the 29-year-old got in altercation. the shooting happened in front of clothing store in los angeles. the suspect expected in court early as today.
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facebook back in the spotlight once again for privacy concerns, the company reportedly asking new users for emails passwords and appears to be importing context without consent. security experts say the move could increase risk of being taxed, facebook say it would stop e-mail passwords and it's not for all e-mail addresses, yahoo are not doing it. putting the hammer down, ticketing going on sale for new avengers film, setting records and breaking websites, now apologizing for slowdowns on their site as fans were trying to snap the early tickets, the super hero team records, avengers end game is going to hit theaters on april 26th. those are the headlines. maria: all right, good stuff, thank you, cheryl, coming up president trump versus the federal reserve, the president telling jay powell, i'm stuck
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with you, considered to replace with kevin, we will discuss, johnny manzel offers much-needed advice after collapse of the league, more reports coming up. it's simply a matter of following the signs. they all lead here. cme group - how the world advances.
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maria: welcome back president trump blaming fed chair jay powell for holding back the economy, here is what he told me last month at the white house. >> frankly if we couldn't have somebody to have raised interest rates and do quantitative tightening, we would have been at over 4 instead of 3.1. maria: the president is now telling powell, i guess i'm stuck with you during phone conversation apparently, that's according to wall street journal this morning. the president even once considered replacing with kevin, joining us right now salt financial president and chief operating officer alfred, alfred, great to see you, thank you so much for being here. >> great to be back. maria: making a huge pivot, what's your take on what's going on here with the federal reserve, with the president saying the growth could have been a lot better.
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>> it could have always been better according to the president. the tension is not new. they raised rates 10 times in the last few years but pulled back dramatically and more importantly they signaled to market that they are not doing anything for the rest of the year, essentially eliminating the speed bump for the market. the irony is the fed is helping the market and the administration is causing some concern. >> alfred, a lot of folks are saying that the fed holding off is not enough and they are calling for the fed to cut rates, larry kudlow, only a matter of time when the president talks about that more explicitly. even if the fed does cut rates here, is that first growth here? >> the fed is responding to global slowdown, it's not just the u.s. we saw ecb talk very dovishly at the last meeting, what is happening global economic slowdown that the fed is
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responding to. we would not have talked about fed cut in december last year, now it's on the table, the path forward for equities is going to be really nice. i think we actually continue working a little bit higher. maria: even with the slowdown. >> a couple of things, one about the president's comments about the fed, regardless of how the fed responds to it, the president's involvement is undermining the fed's credibility and the markets. the fed did this big pivot in december as you talked about and now a lot of people in the markets are saying, well, they did it because the president told hem to do -- them to do it. jay powell will say all day and all night and is act on the data and not being influenced by the fed but seems to me that the idea is now in the market, the fed is following the president's lead, is that the case and how does that complicate the fed
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navigating what to do next? >> well, it puts him in a box, essentially so many comments coming from the administration they have to sort of respond to even if it's denying it. the fed reports to congress, the president cannot from my understanding remove chairman powell. so that is not an option and i think the chairman's job now is to continue to share his thoughts with the market and the market has been able to observe it pretty well and be very forthcoming and clear in what they see and what they are trying to do. inflation is still in check, so i think the fed is doing a decent job communicating to the market and we have -- dagen: if you have a larry kudlow --
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maria: it's not that you're putting new money to work in stocks here? >> i would, wonderful return over 25% and we think it's going to continue turning that way. maria: nice, alfred, coming up not even one and done the alliance of american football suspended all operations before the first season ended. we will tell you johnny manzel's advice to players in light of that, back in a minute. termites, feasting on homes 24/7.
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maria: welcome back, well, the alliance of american football suspended all operations, jared max with the story now, jared, what happened? >> wow, only lasted 10 weeks, suspended operations with 2 weeks to go in inaugural regular season it appeared soon shortly after it start. in danger of not making payroll. tom stepped in, funded the
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league with $250 million. yesterday league employees got letter that league on indefinite time-out. legendary coach says everyone was led to believe the alliance was well funded. everything that was said was not very truthful. one report says players were told that they need to pay their own way of flying home. harper in washington, d.c., first time as member of visiting team. >> harper. jared: they locked him for 7 years, they cheered when he struck out with two men on in first inning, one of two strikeouts in first back game in action. third time that -- kind of cheer
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of fans in dc. >> bryce would go deep, home run, two-run shot for bryce harper, 35,000 plus, former hero and now the villain. 3 for 5. 3 rbi's. great return for bryce. maria: yeah. did you watch it? jon: didn't see it. maria: jared, thank you. jared max, fox news 24/7, siriusxm 115, ceo kevin about race car inspired wine.
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2,000 fence posts. 900 acres. 48 bales. all before lunch, which we caught last saturday. we earn our scars. we wear our work ethic. we work until the work's done. and when it is, a few hours of shuteye to rest up for tomorrow, the day we'll finally get something done. ( ♪ ) the day we'll finally get something done. . . . that enough? i need tech that understands my business. that enough? i need tech that works at scale. dear tech... dear tech... dear tech... we're exploring quantum to develop next generation energy. we're using blockchain to help make sure food stays fresh. we're using ai to help create more accessible health care. we're using iot to create new kinds of digital wallets. let's see some more headlines about that.
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let's expect more from technology. let's put smart to work.
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maria: welcome back. good wednesday morning, everybody. p thanks so much for joining us. i'm maria bartiromo. happy wednesday. it is wednesday, april 3rd. your top stories right now, 7:0. jobs in america, we're getting march adp report, the expectation is for the private sector to have added 170,000 jobs in the month of march. it is the first look at the labor market ahead of the jobs report on friday. yes, jobs friday is coming up. president trump touting the strength of the economy last night. >> thanks to our bold agenda, we enacted with house republicans, america now has the hottest
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economy anywhere in the world many we're the hottest in the world. wherever i meet a president, a l prime minister, anybody, they say congratulations on your economy. maria: investors are waiting on a china trade development, another round of my level talks today kick off. i learned the two sides are close to a memorandum of understanding. the bulk of the issues have been agreed upon. futures indicate a gain at the start of trade, dow industrials up 100 points right now, s&p 500 up 13 and-a-half and the nasdaq up 40 points. the dow was down 80 points yesterday, take a look. due to walgreens and a selloff on that because of earnings worries. the nasdaq and s&p 500 closed flat at 4:00 on wall street yesterday. global markets this morning, first europe, fq100 has gone negative, down one and a quarter points, fractional move. cac in paris up 30 points, the dax index in germany up 134 points, better than 1%. in asia overnight, the numbers
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were largely higher. take a look. best performer in china, shanghai composite up one and a quarter percent. major changes coming to airport security. now you will be able to keep your laptop in your carry-on. what you need to know before your next flight. back in court, actresses lori loughlin and felicity huffman will appear before a judge. a phone plan for your kids, details on verizon's new offering coming up. a night at th the museum, how to spend a light at the louvre in paris. joining us is dagen mcdowell, john hilsenrath and michael block. great to see everybody this morning. >> great to be here. >> lots to talk about on the economy. we were talking about the fed earlier. one of the issues we haven't hit on this morning is the idea of a closed border with mexico. what impact would that have on the economy. some of the reports coming out of washington these days are that president trump's advisors
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are talking about maybe just closing down -- keeping open commercial traffic but closing down individual traffic. maria: yeah. >> it's still a big risk for the economy. maria: it's a big risk, going to impact a lot. we're already looking at a situation where things are slowing in the u.s. and we are right on the doorstep of earnings. i spoke with oracle's ceo, mark hurd earlier, i sat down with him yesterday to discuss the u.s. and european economies, why oracle is buying back so much stock and where he sees growth now because we are on the doorstep of earnings. i'm wanted to get a sense from him about the international slowdown that we're talking about. but we began with net suite, oracle's investment in the applications market as well. tell us what you're getting from your customers this week there in las vegas and about net suite. >> sure. thanks, maria. you're right, we've invested a lot in the applications market. we've invested in big and small segments of the market, big customers and small customers. we acquired net suite, gosh, i don't know, probably two and-a-half years ago now and
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it's really been an amazing success, to your point. there's, i don't know, less than 10,000 but roughly that number of customers here for our event. it is very exciting. when we bought net suite, maria, the company was growing about 15, 16% in revenue. we've invested a lot in r&d. we've invested a lot in tailors thtailoring the application for more industries. we've added salespeople and it's resulted in just incredible growth. starting really about a year ago. so about a year into the acquisition we began to really grow our bookings and that's translated to revenue. so last quarter we reported revenue that was almost double the revenue growth we had coming into the acquisition. maria: you're seeing it in the numbers. the applications business is soaring right now at oracle, as your customers move from on-premise to cloud.
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take us behind the curtain there. what kind of companies are moving from on-premise to cloud? how do you continue getting them to switch over into the oracle cloud? and how significant is this in terms of the applications business at oracle? >> there's a couple he'll thingg on. the a applications market is $25 billion, spent primarily on applications. most of it today is spent on on on-premise applications. the market changes significantly as it moves to cloud. as it moves to cloud, the subscription you pay for the cloud includes not only the application but includes all the hardware, if you will, the servers, the storage and so it becomes a bigger market just by the very nature of the migration of the application to saas. inside th that, $75 billion is k office, that would be described as things like general ledger
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accounting, supply chain and procurement and h.r. and the other 2 a 25 to 30% is front o, sales and marketing automation. net suite is in the mid-market, smaller customer size of the back office market and it's had explosive growth. when you ask who is moving, it's everybody from the biggest guys, whether those be as big as an at&t, on an extreme, i could go through many others, to your smallest startup. maria: are you trying to get this applications of companies to move just to the oracle cloud or are you trying to get all applications to move to the cloud or are you just looking at the oracle portions of the business? how do you grow this even more is really the bottom line? >> so if you look today, half of the cloud application customers we have were roughly or half of our revenue, that's a better way to describe it, came from our base and about half came from
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outside. maria: i see. what about the database of business, mark, because a lot of people are less excited about this because it's growing a lot slower than what you see in the numbers that you see in the applications business. you've got you new products here in terms of the database business. but is that going to get you to show stronger growth numbers? even your cap ex is so much lower than some of your competitors. what are you spending, $2 billion a year or so on capital expenditures. microsoft spending $10 billion. can you keep spending that kind of money to improve the database business? >> i'm very excited about the database business. the reason you get this excitement about the apps business, we've been at it longer with the nex jen next get and we're winning. people talk about it a lot. we released a new product called the autonomous database. the autonomous database, how would i give you a good example? it would be like now somebody doing all the work for you, all of that latency, all of that
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risk of security and concern goes away in one move. maria: i see. >> and the database is now automatically tuned. there are millions of database administrators out there tuning oracle database as we speak. the a autonomous database will self-tune. this is an i iterative process. this is all driven by artificial intelligence. a.i. is integrated into the autonomous database so the database will get smarter, smarter and smarter and smarter, performance will get better and better and better. maria: while it's getting smarter and you're taking market share, the world is slowing. i mean, europe is lucky to get 1% growth this year. china we've seen the numbers, that's come down. asia, throughout asia, actually, not just china. we're seeing the numbers in the u.s. as well. so how are you characterizing the environment right now? what are you seeing out there in terms of your customers and whether or not they have the ability or desire to spend more money on all of this? >> i think the u.s. is good.
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i think the u.s. has been solid for a while. i think the thing we opened up with, net suite is a great example of the u.s. economy. most of net suite is sold into small and medium business. mostly companies that are domestic and their growth is outstanding. they are investing. and so we see strength in the u.s. we see sort of the same picture you're describing in europe. i think the good news for us is that's what the picture we've seen for a while. it really isn't new news to us. we see some pretty exciting stuff in latin america. so we see a little bit different picture of the world depending on where -- in terms of where we go. but we see the u.s. stronger than what we've seen in the last few years. europe roughly the same. pockets of asia and latin america that are quite positive. maria: investors want to see better growth, right? when you look at if numbers, you've got great 50% share in the database market. you look employe broadly speakig
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picture, you're one of the largest technology companies in the world but despite this long stretch of economic growth that we've all been talking about, oracle's reported revenue has missed estimates. so how do you get the revenue accelerating from here, mark? >> yeah, i don't know that we've missed estimates. we haven't grown as fast as i think people to your point would like and that's really because we've changed our company. we've done a couple things that are probably not all that popular. in the sense that we've significantly increased our r&d. and we've also taken the decision to exit some of our older businesses and invest in the new businesses. so there is no -- oracle, probably over the last two or three years has grown about 3%, three and change, that's constant currency number. and there's no business in the company growing at that rate. so what we do is have businesses growing like our erp back office, cloud business growing 70%. we have our net suite business
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growing 30%. autonomous database is going to grow a gajilion percent. our hardware business which -- not de-emphasized. some of the businesses we acquired years back, they're climbing 25 and 30. the company is a combination of the businesses we're growing are getting bigger and the businesses that are shrinking are getting small. maria: okay. >> so as a result, i expect 2019 will grow, the company will grow faster than 2018. and in 2020 i expect the company to grow faster than 2019. maria: meanwhile, you're buying back a ton of stock, last quarter you bought back more than 5% of the company's shares. in the first quarter of 2018, you had 10 million shares a year ago. is there any particular reason you're so aggressive on buying back the stock and is that still the best use of cash? >> well, we produce a lot of cash, as you he know. anknow.we've got choices.
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we increased our dividend while we've been buying back stock and we love the price of our stock at this level. maria: what are you at, $60 billion in total cash? net cash of $6.6 billion last quarter. are you willing to take on debt to continue buying back the stock? >> i probably won't comment on today, other than to say that we would continue to be active in buying the stock at these levels. i don't want to get into discrete metrics and so forth. but we're very excited about the opportunity to buy the stock back at this price. i think it ties back to your earlier thesis, which i think is the right thesis. there's so many metrics, you know all these in the marketplace about what drives -- what multiples drive what stock price. i think ours is a revenue growth story. i think when you look at our multiple against cash flow, operating cash flow which is one that i use a lot, you'll find that we're sort of a little bit in the penalty box and i think
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that has to do with that absolute growth rate. maria: what kind of a year are you expecting, mark? give us your sense, given the fact that so many people are talking about a recession on the horizon, europe lucky to squeak by on growth, china as well. what do you think? >> i'm still not negative. i'm still very -- i'm very positive on the u.s. i think -- you well know, there are things we could do to make this more difficult. but i think when you look at the fundamentals of the u.s., at least to me they look pretty darn solid. my view of europe is europe took a slow path out of this and they're getting the results you would expect out of that. i don't see a major change in europe to the negative. maria: it's pretty interesting what europe is doing in terms of technology companies. social media in particular. it's a lot more harsh than the u.s. has been on the regulatory front, hasn't it been? >> yeah, i mean, listen, their concerns continue to be about
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the consumer, most of what you're talking about is on the consumer side. it affects the enterprise as well. maria: and my thanks to oracle's ceo, mark hurd. we will take a short break. when we come back, major changes for airport security, new scanners rolling out across the country today. what it means for laptops and liquids coming up. the college admissions scandal, celebrities are in court today. we're taking a look at the case against them. back in a minute. ♪ doug ♪ look limu. a civilian buying a new car. let's go. limu's right. liberty mutual can save you money by customizing your car insurance, so you only pay for what you need. oh... yeah, i've been a customer for years. huh...
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maria: welcome back. major changes to airport security across the condition tri today. cheryl casone on headlines. cheryl: new 3d security scaners will head to hundreds of airports across the country. they're so sophisticated you may not have to take the laptop or small liquids out of carry-on bags anymore. tsa agents can rotate the images
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digitally. theresa may looking for another delay in britain's effort to leave the european union. the british prime minister announcing she wants to make a deal with labor party leader jeremy corbin to break the logjam in parliament. >> i'm offering to sit down with the leader of the opposition and to try to agree on a plan that we would both stick to, to ensure that we leave the european union and that we do so with a deal. cheryl: may says she's going to seek an extension until may 22nd. britain is scheduled to leave the e.u. on april 12th. corbin said he would be very happy to sit down with may. progress, possibly happening there. and then here is quite an offer from sherman. a forever roll of toilet paper. the one and a quarter pound roll is built to last a full month. there's a catch, that's for one user. the cost, $5.49 a roll.
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charmin offering a roll for two users. you can buy a specialtie specia dispenser if you desire p. some folks it's important. dagen: how long before aoc decides to ban toilet paper, it's bad for the environment. maria: thank you, cheryl. coming up, a l cel cell phone pr kids, grown-ups are still in control. details coming up. a health food start-up that's not targeting millennials. the plant based drink focuses on seniors. we're going to check it out. that's next. ♪ whiskey makes my baby feel a little frisky. ♪
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maria: welcome back a a new food startup targeting a new market. the drink is designed for seniors. dr. mik, it's great to see you this morning. plant-based, just for seniors. >> yes. you hear the ensure shakes, the boost shakes, calorie boosting shakes with protein in them, have been a viable alternative for seniors for a long time, from the 1970s. now companies are coming in and saying let's make some health food alternatives that have different ingredients to target this new uprising in marketing that allows people to have flexibility in the types of foods they're consuming. maria: it's definitely gaining a lot of popularity, the plant-based diet, right, dagen? you do this regularly. but i think now it's gone mainstream. dagen: it is. this is an untouched demographic, seniors or older americans. i was reading an article, 1% of global innovation targets adults
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over the age of 50. these are the people who have money to spend, are going to probably -- are probably more focused on nutrition. >> they are focused on their nutrition. and i want them to become even more excited about this because primary prevention is the way that we're going to not only save money, but see true results from our healthcare system. i would much rather someone changed their diet, changed their nutrition habits and not have a heart attack as opposed to treat their heart attack once it came to fruition. >> for meteors like myself, when we see these plant-based trends, should i feel guilty or that i'm neglecting my body because i'm still going out, devouring steaks and chicken. dagen: the guilt is in the kind of hatred that's directed at people who choose to eat plant-based foods. >> i'm not hating. i'm wondering if i'm destroying my body. dagen: there is so much ridicule directed at people who say i choose a vegan diet. i don't understand it. maybe they just enjoy shaming
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people who choose not to eat meat. it's very weird. >> i think that hate goes both ways. if you log onto social media community and you have someone make a video on their diet and they're consuming fish or meat, the vegan community will come after them as much as the -- dagen: a very small group of people, considering how many vegans there are. >> we have to define our terms here. plant-based doesn't necessarily mean vegan. i advocate for a whole food plant based diet. the majority of your calories should come from plant-based foods. i advocate you can eat lean et meats like chicken and fish. you don't necessarily have to cut that out. >> a lot of doctors like you are embracing this, they're becoming well-known and this is becoming a bigger part of the mainstream as maria pointed out up front. are there other countries other than the u.s. where this has become more prevalent, is there anything we can learn in terms of the experience there in terms of the benefits of plant-based die etcetera for all age groups? >> when you look at the international community and
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nutrition research, it actually is really upsetting to me as a doctor on how bad that research is. you have studies that come out that say if you eat food x it's going to decrease the likelihood of you getting cancer by 20%. if you don't eat food x, it's going to increase your chance of cancer. all of these statistics are nonsense. it's very difficult to take that research and then apply it to the individual siltin sitting i. we need to be smart, we need to be rational when it comes to nutrition science and understand that moderation is still the best medicine. a plant-based diet where you eat plants, vegetable, fruits, as the majority of your calories, that's a smart way to go. dagen: all the rage though, i'm sure you having to say about this is paleo, which is meat based which is the nueavo uber atkins diet. maria: ke keto is also -- dagen: are keto and atkins the
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same? >> there are similar foods people are consuming. they're just fads that people get very excited because they saw someone that's a celebrity lose weight on a diet and they think this is the way i'm going to lose weight. there's nothing magical about keto. you eat high fat foods, consume less calories, therefore lose weight. there's not a magic pill out there that's going to cure everything that ails you. it's about being smart, controlling portions and eating a healthy diet. >> i would point out, different people can digest things differently. >> absolutely. >> that's a big thing as well. dagen: you started eating less meat. >> i'm eating less red meat and i'm happier. i figured that out. >> i still want to eat steaks and burgers. >> good for you. dagen: you might feel better if you didn't eat as many. just saying. [ laughter ] >> every person handles meat differently. dagen: he hates me. >> every person handles meat differently. statistics have shown pretty clearly, if you're consuming
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many portions, everyday portions of steak, you are increasing some circumstantial evidence for cancer. but that is over a lifetime. that's eating it every day. if you're being smart and eating steak with let's say green, leafy vegetables, preparing it in a way where you decrease how much the steak is burned on the grill. >> sugar is a big thing. >> added sugar is all -- >> we can agree on that. maria: carbs turning to sugar, so that's the problem. dr. mik, good to see you. coming up, the college admissions scandal, actresses lori loughlin and felicity huffman both in court today. we're taking a look at the charges against them in this scandal. then, hanging with mona lisa, airbnb has history fans rejoicing, details on how to spend the night in the louvre museum in paris, back in a minute. ♪ some things are out of
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maria: welcome back. good wednesday morning, everybody. thanks so much for joining us. i'm maria bartiromo. it is wednesday, april 3rd. your top stories right now. we are awaiting key economic data this morning. we've got the march adp report due out in just under an hour from now. economists are expecting job creation of 170,000 jobs to have been added to the private sector in the month of march. we'll bring you that number as soon as it hits the tape and show the impact on markets. so farmar gets are up this morning, fe futures indicate a n at the start of trading on renewed trade optimism.
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we're expecting a trade deal soon with china. we're focused on another round of high level negotiations in washington, the beijing officials are in washington, apparently now in the writing stage of a memorandum of understanding between the u.s. and china. thief goten tthey've gotten to g except for the enforcement mechanism, that is the sticking point right now. the major indices ended the day mixed yesterday. walgreens was a major issue for the dow, it reported weaker than expected earnings yesterday, you heard here yesterday morning. the stock traded down, took the dow down with it. the s&p was up a fraction and the nasdaq as well, up 20 points. we've got the standard and poor's was at the highest close in five months. european indices are higher across the board, fq100 up 10 points, the dax index in germany is up 156 points. in asia overnight, gains across the board there as well. as you can see, best performer
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china, shanghai composite up 1 and a quarter percent. verizon wireless is unveiling a new smartphone plan designed just for kids, it includes unlimited texting and 20 parental approved contacts. real estate website zillow expanding into the mortgage business with a new home loans division. details behind the company's latest push to allow customers to directly buy and sell homes. and a once in a lifetime opportunity for airbnb, from airbnb, rather, how to sleep over at one of the world's most iconic landmarks, the louvre museum in paris. the college admissions scandal, celebrities headed to court today, lori loughlin and felicity huffman among a group of parents expected today before a judge. all could face harsh penalties including tax charges, irs payments, even jail time. joining us now is fox news senior judicial analyst, andrew nap natch. good to se -- napolitano. >> these are arraignments which
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have been going on in groups. there's so many people involved in this case that the court has been bringing them in periodically. many of them have nothing to do with boston. some of these people are in los angeles and they're presumably in boston now. so an arraignment is relatively uneventful. because it's basically you understand the charges against you and you d do you understandt your bail is which has already been set. it does remind us of the size and complexity of this entire thing. it also reminds me that the federal government is not finished investigating because one of the ways that the parents can lessen their exposure is by reporting others that they know that have done this, either with the same people, the rick singer team, it's called a team, because it's a criminal conspiracy, they've already pleaded gil to to it guilty to h others. it's hard for me to say where this is going to go.
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the students have not been indicted. the schools have not been indicted. some of the students have already been kicked out of the schools in which they -- to which they were admitted. i do suspect that a lot more will come out of this. dagen: you're saying if they rat, these parents rat on their friends. >> look, here's a basic rule of thumb. whoever goes to the prosecutor -- 38 teams of parents here. whoever goes to the prosecutors first is going to get the easier deal. and whoever brings the most information to the prosecutors is going to get the easier deal. maria.maria: wow. >> i do not believe this is a jail time case for the parents. some of them themselves were duped. it is clearly a jail time case for the people receiving the bribes. dagen: the trouble for these actresses, these famous people, these parents is that rick singer was cooperating with the prosecutors, with the fbi. >> that's how they all got
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caught. dagen: they don't have as much to bring to the table. if you can flip on the mastermind that you probably -- >> let me clarify what i was saying. one of the things singer's lawyer said as he was walking out of the courthouse when he pleaded guilty, was my client helped over 750 people. what? there's only 5 50 families involved in the case. where are the other 700. flipping on people not in the case or on other conspiracies that the government might be interested in knowing about and doesn't know about. >> how far is the government into those other 700? are they into ten of them? are they into zero of them? are they into 700 of them? >> thus far, that's below the radar screen and the government reveals these things when it wants to or when it has to, when it feels the defendant may be leaving the jurisdiction. we don't know the answer. >> it might not be just this one case. there might be other rings, might be other networks that -- maria: really? >> that's what they're looking
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for. they believe they have everybody in the singer network but there probably are other people out there. these are not organized like fine corporations. >> it's not a monopoly. >> these are very loosely tied in together agreements. there may be an overlapping or there may not. maria: how about the oscar anti-trust concerns. the justice department report ltreportedly warning about changing oscar rules to exclude streaming services, they say it could raise anti-trust concerns, it's after reports of steven spielberg's proposed rule change that would prevent netflix from competing at the aca academy aw. this comes as netflix is rolling out another round of price increases and after the nomination that happened by a netflix-ca -- of a netflix film. dagen: it was roma, a best picture no, ma'a nominee. it was released in a limited
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number of theaters. what the academy is trying to do is make netflix and any streaming service release its movies in more theaters to qualify because, again, i guess the people who make movies aren't actors like steven spielberg. >> in my view this is a novel use of the anti-trust laws. i don't know where it's going to go. typically, the purpose of anti-trust is to prevent one competitor from dominating the market or pushing another competitor. the economy doesn't compete with anybody. it's a voluntary group of people that laud themselves. the competitors are the producers of the -- and the studios. >> you're being polite when you say novel use. i mean, the idea that a big tech company like netflix is a victim of dominance. >> it's absurd. >> seems far-fetched. >> you know what? this is from a conservative republican, the department of justice. i might have expected this three or four years ago from the folks that ran the anti-trust division in the obama years.
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but -- >> the way they're talking about using anti-trust is not small government. dagen: i love the dismissiveness of spielberg, saying the content created for netflix, it's a tv movie if it's not released in a certain number of theaters. again, it's the idiot bubble of holly weird. maria: holly weird. >> the best response for this would be for netflix to kick the daylights out of these people with their business model. maria: i think that's what's happening. >> yes, right. maria: that's why they're upset. >> why should the government get involved? >> what does the federal government care about this. dagen: spielberg was at the apple announcement about its content deal, new content that it's releasing on the tv. maria: oprah was there. dagen: oprah. and so -- >> it's different, they're paying him. they're steering revenues to him. it's okay. >> here's the basic rule of thumb. any contract or combination and
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restraint of interstate trade is illegal. is spielberg's reaction to netflix stealing it or enhancing it. >> the irishman with joe pesci is coming out this fall. maria: i say are you talking to me? dagen: i am talking to you. >> she's auditioning for a part in the movie. maria: that's going to be good. that's a good cast. dagen: i make you laugh? you think i'm funny? [ laughter ] >> you're funny, dagen. >> i love you. maria: judge, thank you. andrew napolitano there. zillow is expanding its reach, we'll tell you about the real estate website's new home loan division that could change the house buying market. and lounging at the louvre, airbnb is offering an overnight in the city of lights. all the details coming up. ♪ don't you want to stay here a
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maria: welcome back. verizon introduces a smartphone plan just for kids. cheryl casone with details now. cheryl: verizon hoping its new just for kids plan is going to position it as the go-to company for a child's first cell phone. get them young. the plan includes five gigabytes of monthly data plus unlimited
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talk and text to 20 contacts preapproved by the parents. there are no fees if the child goes beyond the allowed data. the phone will slow down. it starts at $55 a month. stock up as you can see about a quarter percent in the premarket. zillow expanding, the company launching a home loans division. this is going to allow buyers to shop for mortgages on zillow. the company says the new division can simplify real estate transactions. they had 160 mill average millie monthly users in the last quarter. airbnb offering a very rare chance to spend a night with the mona lisa at the louvre museum in paris. guests get to sleep inside the giant class pyramid after a specially guided tour, drinks along side leonardo -- not di dicaprio, leonardo di vin davis
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famous art. you have to answer, why would you be the mona lisa's perfect guest. yoi've seen her twice. i think she was judging me. maria: i saw her too. i love the louvre. i took my mom and sister there a couple years ago. it was great. cheryl: she is so small. monaly dmona lisa is small. dagen: my favorite is the marriage at cana. despite the fact that the french ripped a hole in it, years ago when they were repairing it, anyway, that's the go-to. maria: it's so beautiful. >> if your producers can get that up on air -- >> what's not well-known, is mona lisa when she was being painted she said paint me like you paint your french girls, leonardo. maria: sheas wha that's what . cheryl: she's judging me. i don't know what she knows but
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she knows something. maria: changing lanes, one racing legend's new gig taking him to a vineyard. we've got the race car-inspired line of wines on-set, right here. back in a minute. ♪ oh, wow. you two are going to have such a great trip. yeah, have fun! thanks to you, we will. aw, stop. this is why voya helps reach today's goals... ...all while helping you to and through retirement. um, you guys are just going for a week, right? yeah! that's right. can you help with these? oh... um, we're more of the plan, invest and protect kind of help... sorry, little paws, so. but have fun! send a postcard! voya. helping you to and through retirement.
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♪ little red corvette. ♪ baby, you're much too fast. ♪ little red corvette. ♪ you need a love that's -- maria: from the racetrack to the vineyard, professional race car driver, kevin buckler changing lanes and his weinery
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in california, out with racing series wines, a collection of four red wines crafted to reflect buckler's 30 year professional racing career. joining us now, adobe road weinery founder, kevin buckler. thank you for joining us. >> thanks for having me. maria: a real right turn or left turn into vineyards. tell us why you made the decision and your love for wine. >> absolutely. we started early on, trying to follow my passion, i had a nice exit from an early -- maria: sorry. >> had an exit from an early business. if i ever worked that hard again, i wanted to do it on something i love. it's cars and wine. we worked hard on the racing side, did amazing things together. we wanted to take that drive and passion and a little bit of fun. the wines, we have a great team at the office and weinery. they've been doing good stuff with adobe road.
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we wanted to launch this racing inspired series around california blends. i love blin blend wines. dagen: you picked an industry that is just as hard to make money in. >> how did you know that? dagen: it's just one of those like car racing and wine making. >> it's crazy. the top is dominated by a lot of people that have not an interest in maybe a profit model, some do. a little guy getting in -- dagen: even richard petty would tell you that. >> how do you make a small fortune in racing, you start with a big one. that goes with the wine business too. we're having fun with it. the wines are great. dagen: this is shift, a mix of zinfandel and a couple others. >> that's got a fun blend, grenash and things you won't normally blend. i make sure you shift perfectly at a high level, my wine maker
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will say this is a shift to a new type of blend we want to try. maria: i love the bottles, each wine named after elements of car racing. this one with the latch on it. >> that one is a dream of mine. the big endurance races, the 24 hour endurance races are extremely hard. dagen: you won the rolex? >> i won it twice as a driver. the lamont 24 in 2002 as well. you want to get the watch, do anything for the watch. but that's a big deal for us. we had a little fun, a little homage to the team's success and a good blend. >> are you encouraging drivers to pour the wine all over themselves after they -- >> we like when the champagne comes, nobody wants -- dagen: in nascar it's beer and coca-cola. i've been doused after tony stewart won the 2011 championship, i was covered in coca-cola after that. i will take a bottle of red wine over my head over coke any day of the week. maria: is this the highest
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premium with the watch on it, with the rolex. >> actually, the apex is. for me, apex is the perfect wine, it's the best of the best. it's a cabernet blend. it's delicious. maria: love the label. >> how does this fit with the racing community's demographic. dagen was talking about beer and coke. is there a higher end -- >> on any of the coasts, there's always cars and coffee going on, lot of sports car stuff. dagen: i've got a porsche in a garage down the road. >> there you go. >> we see a lot of the corporate entertainment we do, we take guests to the track on the weekend, private banking clients that come out and have fun. it might be doing a golf tournament but then they go racing and they say that was really cool. there's a lot of experiential stuff we do. we finish up with a wine dinner at night. we've got to blend them up, have some fun.
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>> how is business? how tough is it to get in a small business in this country today? >> the wine business is changing. we're just little guys in the wine world. the paradigm is shifting a little bit. it used to be a long trip for a tasting in napa or sonoma. if you have to blend -- my little city, we're proud to be there. ipeteluma is right in the heart of wine country. we're having fun with it, building our new facility, three years in the making. we break ground in june and looking forward to putting our home in downtown. maria: how fantastic. congratulations. we'll be looking for you on the racetrack. >> i brought you all -- maria: oh, you're great. kevin buckler. we'll be right back. that's great. but right now you've got your hands full with your global supply chain. okay, france wants 50,000 front fenders by friday.
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maria: welcome back good wednesday morning. thanks for joining us i am maria bartiromo, wednesday, april 3 your top stories 8:00 a.m. on the east coast, jobs in america, we are getting march adp report in 15 minutes' time, expectation calls for private sector to have added 170,000 jobs, to the economy, in the month of you march the first look at labor market ahead of the jobs' report coming on friday, of this week, investors also waiting on news out of china developments there another round high-level talks kick off today in washington i have learned two sides are close to a memorandum of understanding
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memorandum of understanding and the bulk has been agreed upon exception of enforcement mechanism to keep china for not stealing ip optimism driving markets futures a gain startle of trading 121 points on dow s&p up 16 nasdaq up 48 that have the mixed performances dow down 80 points the close yesterday the nasdaq, s&p 500 flat up a fraction nasdaq up 20 points quarter of a percent, yesterday. global markets this morning mostly higher in fact if european indices the best is germany dax up 153 points right now one and a third percent ft 100 up nine cac quarante in paris up 35 in ib asia overnight similar gains across the board best china shanghai composite up one and a he quarter% more fallout for facebook reports show the social media giant harvesting easier passwords. telling his side of the story normal nissan ceo carlos goes tone twitter says reveal truth
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in a conference next week information around this situation coming up this morning, and sara jessica parker getting into wine business taking you behind scenes on sj.p.'s new venture. >> dagen mcdowell, "the wall street journal" global economics editor jon hilsenrath, michael block great to see you. >> great to be here. >> thank you for being here. >> great to be here waiting on adp important equalizing as important is the border battle that is what we want to talk about right now what if president shuts down border impacts the economy, the president is standing by his threat to close the southern border if mexico does not stop the flow of illegal immigration into the country. >> we are going to finally secure our nation's borders. >> i really wanted -- now mexico says no, no, no, first time in decades, we will not let anybody get through, and
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they've apprehend over 1,000 why the held didn't somebody do that first place they don't want border closed you know who else touvent want the border closed the democrats, trade and consumers, and -- making money for our country all very important. but to me the most important job i have is the security of our country. maria: threat coming as department of homeland security secretary kirstjen nielsen compares situation at border to a category five hurricane disaster joining me steve scalise always a pleasure to see you. thank you so much for joining us. >> good morning. >> good morning to you let's kick off with this let a the president has been very successful with his threat, threats of tariffs this, that gets people thinking what is he cable capable of do you want the border closed. >> maria i want to border secured, and it is not. look when you've got jay
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johnson i respect he was barack obama's homeland security secretary said a few days ago this was crisis he said when he was secretary if you had 1,000 crossings in a day that was bad day today secretary nielsen seeings are there 4,000 illegal crossings in one day, this is a major crisis, we've got to get control, over asylum is out of control years ago you used to have maybe one out of every 100 crossing claiming asylum today more than one out of every 10 claiming sclooim "catch and release" loopholes so about aed we need to close loophole democrats refuse to work to get in a done so the president has to take action, and it is a crisis you got to have a crisis like response, and that is, i think, what you are seeing from the president, he wants to keep america safe. that is his primary job he is carrying through on it. maria: why hasn't congress done anything about this? you are right "catch and
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release" is ridiculous people coming into the country then they get a court date they leave and supposed to come back don't come back now people parading as families not really families have a business in terms of lending people your kids, so that you look like a family. but closing the border is an aggressive step journal has op-ed blowing up the border, and it will says we hope this is negotiating -- not a plan it is hard to magic o more self destructive decision wouldn't solve the crisis in any event is it bluster? >> i think it is a serious crisis, again, democrats that are denying there is a crisis at the border, their playing politics, in games with america's national security, there are human traffickers drugs over kids abused blatant forms of child abuse they tick a kid bring them over with an adult because law actually encourages that as soon as it is donees they take the kid back, they abuse him again and
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bring him over to bring more people in it is legal catch and release is allowing that to happen we have he would passed billed to end this gets in senate, chuck schumer and democrat friends block any attempt to get that through to the president's desk, so the president made it will calorie what needs to be done secretary nielsen laid out laws abused to the level where kids are literally being rotatedaround and around abused multiple times they won't work with us to solve this problem. maria: that is what is going on, yeah they say democrats always say, we are for border security and yet they didn't vote for kate's law didn't vote for border milwaukee did not vote for end of sanctuary cities hard to believe it i've got to get -- >> sexually assaulted, too why don't they care stand up for women and everybody knows it is happening, they won't work to stop it. maria: there is round of u.s.-china trade talks beginning in washington today robert lighthizer, steven
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mnuchin meeting with chinese vice proorm what is your expectation in terms of a china deal we know with a big items are ip theft forced transfer of technology, is the white house able to come up within a an enforcement mechanism to put in so that chinese do not just say they are not going to steal and turn around and steal our ip continuing? >> is it well the president trump has done a he phenomenal job negotiate to go try to address these series problems, ip dumping all of that, i was with ambassador lighthizer president last week with with whip traem kevin brady his group working on usmca we talked about china at least they are getting the negotiations but the president is tough negotiator knows that enforcement ultimately is going to be most important sticking point because china has cheated on previous deal they go around it so you have got to make sure whatever agreement in place it has to be about nofblth they are working on it i am encouraged working on it like to see it addressed most allies around the world, by the way, would
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also like to see this fixed america is the only country that really can stand up to china, with a lot of friends behind us hoping it happens. >> interesting on mueller probe you know that we have followed this incredibly closely that we have been telling the truth in terms of of the perpetrators started an investigation into trump. based on nothing. the mueller probe is front and center for the democrats house people going to vote to authorizes subpoena for special counsel unredacted reported from eric holder says everybody should see report washington examiner found he said the opposite, about the ken starr report, that investigated bill clinton watch this. >> look at letter trying to figure out how much of this isobar how much is mueller, how much of this is based on the mueller findings, i think it points to the fact that at the end of the day, congress the public are going to have to get access to the mueller report. maria: congress -- march of
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1999 holder said this a quote although a legitimate concern american people have right to know outcome of investigation of highest officials the reporting rierlths goes directly against most trajections practices of law enforcement american esophageal wasn't wing to make ken starr report public. >> neither with democrats do they want it issuing in violation of law classified information released? it was all about collusion started with the dossier tainted beginning of this a lot of corruption within fbi that they still have not addressed. but it was all about collusion and there was no collusion. so now democrats are disarray trying to change the subject, maybe the mueller report didn't release other stuff, no, was there collusion or not? no! the clear answer was there obstruction by the way, no. that is the clear answer. >> but more to it there is
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more to it you've got a canal cabal of individuals gaitdz president trump with no predicate wanted to spy colleagues on left digging in want the report in entirety, are you and your colleagues going to keep digging in on the fact there should be accountability for strzok, page all those people who lied to congress about dossier, and -- and their ability to spy on a political campaign? it is clear what this is one political campaign framing another. >> absolutely. and not just accountability. they weren't just trying to spy on campaign they are trying to overturn results of 2016 election said that this is insurance policy who is holding whos people accountable? i have called on fbi, for months now, to do a thorough investigation, and then hold people accountable who broke the law. >>ing watching that lindsey graham says going to dig in, congressman you and colleagues had a discharge petition
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yesterday to go around democratic leadership bring born alive abortion survivors protect act to house floor if it gets enough signatures, want to tell us quickly about that. >> this is crazy that we need a lot to protect babies born alive outside the womb isn't part of the abortion debate now, wagner has a bill to give fully protection to babies born alive pelosi refuses to bring to floor a distaurj petition i found yesterday we broke 190 signatures yesterday record for any discharge petition day one momentum behind this. >> like has to be a allow, it is so obvious congressman good to see you. thank you. >> maria graeltz to about about with you we'll be right back. every year, our analysts visit thousands of companies, in a multitude of countries, where we get to know the people that drive a company's growth and gain new perspectives. that's why we go beyond the numbers. t. rowe price. invest with confidence.
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march adp report out in a few moments, 20 seconds economists expecting increase in jobs month of march 17 o,000 jobs,
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for march this is going to give insight into what we my see friday when jobs number from the labor department. >> jobs' report on friday is really important, and you know we always talk about a lot of different numbers unemployment rate labor force participation, wages, the headlined table number is really important that is going to give indication whether the economy really is slowing down, hard, or whether the there is a soft landing going to take off again, so this number. >> 129 is a number jon below expectations expecting increase 170,000, actually number is below estimates at 129,000. so this is not as strong as we thought the markets up going into this number, as you see up 126 points on dow industrials, but this number plea expectations for march adp. >> job numbers wonky, i continue to say, things are slowing a bit across the board another indication i am thinking about wages thinks every won has come around wage
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number on friday, average hourly earnings up 3.4% year-over-year has to keep increasing, closer to 4 before inflation and tightening gets back into the picture for now, i almost have to say bad is good fed at bay establish on stocks -- >> 20,000, because that was number -- february. >> here we are looking at markets wage number is a lagging indicator, about doesn't tell you where you are in the cycle it happens kind of after the economy slows down so that is why, i am so focused on adp number headlined payroll number what this number tells me 129,000 economy hasn't softened a bit. >> adp dagen saying this is the slowest growth number in 18 months in fact so, yeah, this is a real -- >> after a weak february maria: yeah. >> so you know we have strong numbers in -- in december and january, two week numbers. >> there was revised higher by
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the way, so to 197 that is why you've got this comment from adp that this is the slowest growth month, in 18 months that would be march, february revised upward to 197. >> out of sync with government report closer to zero. >> estimate for overall government report 180,000 the number we are expecting friday will be interesting 170 of that is private payrolls would reflect the adp calculates maybe excuse if it comes up short on friday but, again, unemployment rate is expected to hold at 3.8% near that almost 50-year low -- >> we are talking about -- the other thing to look out for is long-term interest rates 10 year about treasuring yields softened. >> we started the show this morning on 10 year -- a big move upwards from last week
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2.3 -- >> way down from -- >> yeah. >> this is slowing, we are going to come back in lower than 2 1/2% then? >> seems like if this is a real number people are going to take it real sign that things are -- are slower, lagging indicator aside, about rates coming back? >>. dagen: if that number if jobs number is not good on friday, you can expect part of what we're talking about president trump to maybe take his -- his upset at federal reserve president more public. >> take it straight to the fed, what we reported today is the last time we got a weak jobs number the president called powell, and that is when the i guess came out, so, you know, we might be getting kind of not intervention but direct frustration between president and the fed chairman something we haven't seen since 1960s president has not
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been shy saying if not for rate hikes we would o be in a better place told me two weeks ago we would have been 4% economic growth. >> -- comment comment last two recessionss last one a whopper, because we have bubbles, in technology and financial bubbles in real estate because rates were too low too long, so be careful what you wish for, i would say, we can get 4% at cost of a bubble do we want this. >> cut rate -- >>. dagen: trying to blame, solely the central banks for potentially a weakening economy when fed has paused the fed forecast when it is going to stop balance sheet reduction, and then you've got all these policyholders, that still need fixing on fiscal side that are perfectly in the power of the president of the united states, i point to the
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potentially reporting on the -- memorandum of understanding beingwritten about china trade deal what about steel, aluminum travz. >> fed on out a pilot end of the year. >> going to cut 50 plan a month going to ray rates, like autopilot the president was right when he said, this is crazy loco. dagen: is he right now that larry kudlow -- >> 50 base point cut it is he is contradicting kevin. >> a lot of folks say maria you mentioned fed on autopilot end of the year, old data raised in december smart guys i talk to talking to guys reason i hedge funds, big pools of money in bonds this country in abroad are saying the fed needs to undo that cut from december that should not have happened not saying cut rates will solve everything are saying undo that a little bit of annoyance you did here. >> how do you undo it --
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>> quarter point increase not to derail -- >> no, not the fed's fault -- >> also it went on hold in december. i mean they did stop. maria: yeah. >> not fed's fault this number came in this morning 120 instead of 170. >> not talking about europe and asia okay, europe is luck if squeaks out 1% growth for the year there is that we've got a lot to talk about a quick break, then we are going to continue analyzing adp then looking at this build that wall i speak with ceo of a construction company offering to build a portion of the u.s.-mexico wall for a fraction of the price, that is next, plus carlos ghosn on twitter the very latest coming up exclusive details here next hour. ♪ heading into retirement you want to follow your passions
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maria: as border battle rages on american company offering to build a wall for a fraction of the cost. >> at a fisher sand and gravel says can deliver 218 miles especially ifing roads lighting 3.3 billion dollars can be done by 2020 they say joining me right now is fisher sand and gravel company president ceo thanks for being here. >> how do you deliver all that in a short period of time you are talking about. >> vertically integrated proactive once i say 10 locations they want between new mexico arizona-california in our backyard, so, with our ability to be vertically integrated can deliver proactive results with a proactive approach hopefully, the government on emergency basis needs something a little different than regular bureaucracy can deliver. >> have you spoken to the president to see if they hire
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your company. >> i am meeting with dhs tomorrow we have met with several senators in congress, congressional staff will be out there we have demonstrated our ability to build over a mile a day, a few weeks ago we are going to have congressional members and senators there, in two weeks, and just to prove when we say something we mean what we say we do what we say. >> mike block here yeah sounds like you are actually speaking with congressional senate leaders what feedback are they giving you encouragement? anything that you get pushback from leadership you are conversing with on this? >> no i think they really like what we have to offer, the biggest thing is the government struggled over last couple years to put up very little amounts of miles, and when they see what we can offer they want it done they -- are willing to put financial support they know that the emergency exists on the border, and what we're trying to do reach out to both sides of the aisle to show it is just not just a barrier it
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is also paved roads infrastructure for agents we call in technology being electrical aspects for did hetection facial recognition offer civilian monitor to go maybe let agents militarily monitoring computer screens to move back on border where civilians can do that all part of our system when you do something proactive we backed up with a warranty a guaranty, because when different from beaten path you got to prove it we have strong support from all partners. >> two weeks ago you cutted property types in if arizona to show department of homeland security in two hours you you constructed 180 feet fencing us there about property types we are showing pictures what you are trying to do right now. >> when we had a officials out there, also 35-mile-an-hour winds, it shuts down efrn else
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we perform whether rain, snow sleet wind or any type weather our system will work because of our paeptd pattened ability to hang bollards there no weak foundation in the tren of a lot of places where contractors are struggling in different things we blow right through it the biggest thing is the country needs this they need it will now. >> all right we leave it there we will be watching thanks very much. >> thank you for having me. >> coming up remembering barbara bush the life and legacy of the beloved first lady plus the republican party nancy reagan president trump out in a new book going to talk about it new information surroundings carlos ghosn, former nissan ceo will charge case against him conspiracy new information coming up we bring very latest on the case later this hour. >> ♪
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maria: good wednesday morning thanks very much for joining us. i'm maria bartiromo wednesday, april 3 your top stories 8:32 a.m. east coast, march adp data out moments ago lower than expected, 129,000 jobs added to compromise i in march, legislator than 170,000 expected. >> markets still strong, we are watching china another round of high level trade talks kicked off i have learned two sides are close,
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to a memorandum of understanding president trump -- spoke out about fixing trade deals last night. >> we're fixing broken trade deals to protect the american workers, and we are standing up to china's chronic trading abuses, and theft of intellectual properties and so many other things they have done to us that i think we are doing very well they need to deal more than we do. maria: ask investors like the prospect of a possible deal we are near highs of the morning up 130 points on dow jones industrial average futures showing a gain 17 1/2 on s&p. nasdaq futures right now up 48 and a quarter points despite weaker than expected showing on jobs gains in europe across the board f00 weakest link up 9 points cac quarante in paris up 34 the dax in germany higher 1 a -- by 151 points.
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>> in asia overnight gains there on hassles manufacturing data out sunday morning, shanghai composite, in china others higher by one percent at least his side of the story from nissan ceo carlos ghosn taking to twitter about his case promising to veal the truth in a press conference next week, trading cosmopolitan for a cabernet we show more of the vent youure intowipe business this wednesday morning, first facebook under fire again gesture hei willis with reaction to numbers this morning, good morning to you. >> that is right i got to tell you quickly on reaction you just referenced, traders down here say hey, not a low enough number on that adp number to worry or concern them as you see, dow futures higher i know you are interested in facebook here facebook get this asking new users to provide the password to their e-mail account this is -- interesting because it only applies to
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people with e-mail accounts, like company called gmx, appears accessing contacts without with permission a little bit higher security experts say a bad idea because it will encourage users to engage in risky behavior others say facebook's risky behavior the companies saying discontinuing this log-in tool, interesting stuff on facebook, as you know the stock up 32% year-to-date back to you. maria: gerri thank you, stock up this morning as well we are turning to life and legacy of barbara bush, the wife of the 41st president mother of 43rd president powerful voice in washington matriarch of 20th century political dynasty president h.w. bush paid attribute to his wife. >> the big buildup this
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address had want to make sure a big hit i couldn't convince barbara to deliver it for me. [laughter]. >> that is beautiful next guest spent hours with former first lady during the last six months of her life joining us author of it matriarch barbara bush making of american dynasty susan page here great to have you congratulations on book. >> thank you. >> tell us what strikes you about barbara bush, your big takeaway. >> you know she was she was smart funny candid underestimated, at every step of her a life underestimated by her mother by her teachers, i think underestimated by her husband and american public when she was in positions of promise of any by herself this is a story of a woman who had huge impact big way from our
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country a story ought to about told. >> also hard elbows, sharp elbows point out that barbara and nancy reagan had a complicated relationship, one point, nancy reagan called her she said don't call me again basically hung up. >> i am not sure "complicated" is big enough word. >> nancy was -- >> nancy may have her perspective on this i wish i knew it but barbara bush's view unanimous kwlooi was i mean she put up with it but when bush's got in white house three days later a telephone conversation nancy reagan called to explain again negative stuff she said about bushes in interview on tv barbara bush had enough said don't ever call me again, and this is oh i hear another phone ringing hung up no other phone was he ringing she raised a future president
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governor successful children. >> loss at child. >> you know, that was one of the biggest things i learned in doing this book, was the impact of the death of robyn, barbara bush was 29 years old daughter robyn three years old died of leukemia a disease that barbara bush never heard of before, that shaped everything after that made barbara busch tougher she had survived the worst thing that could have possibly happened made her also, more vulnerable made her more empathetic to people changes attitude on abortion aids down the road. >> what was hardest thing for first lady to talk about. >> almost nothing that i asked her she didn't respond to she was willing to answer questions, but i can tell you to touch back on robyn when she talked about robyn tears welled up, she kept in her
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living room a portrait of robyn not place of prominence but where she could see from it chair she sat i think you can't overestimate what defining between that was i did not understand when i began this cookbook. >> is it you delve with a she thought about president trump blamed trump for heart attack in 2016 you asked thoughts in general toward republican party also was really interesting what you wrote you write this, she was dismayed by nations divisions direction of the party she had worked for for so long, did she still consider hers a republican in interview with me in october 17 you write she evensed yesterday us about february of '18 said would i probable say no today. >> with some sadness i think reregretted the fact she didn't think -- she did not think she was a democrat to about clear did not vote for hillary rodham clinton in 2016. >> no longer proud of party
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she thought part left her. >> part was president trump did attack her son very viciously during campaign does it go beyond that. >> yes, that was clearly, an issue she was a mama bear when it came to children including, jeb bush had low energy -- that donald trump put he gots he noimmination i think contender about tone of our politics, you know not like a golden age when george h.w. bush was president but kind kinder gentler than now. >> didn't include social media stwo attacking one another, thank you, coming up information surrounding carlos ghosn sources close to the situation telling me former nissan ceo will charge case against him as conspiracy the latest on case planning a press
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conference next week join first for that arc sara jessica parker clinking a glass live look at signature wine collection a special patriot from the tennis can haveel. >> welcome back to tennis channel court report for fox business i am dani -- americans in tennis tuesday -- maybe out over a month. cone firm suffered a fracture in left foot in miami openly loss to the federer in the final recovering, 4 to 6 weeks but more tests taken. >> on welcome's side a volvo open scare falling winds 5-2 waiting through 3 hour rain drai won opening match two tiebreakers. >> the factors, myself i just trying to keep fighting, trying to find my way back
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obvious, and -- to tough matchup happy i got through. >> you can catch all the matches from volvo car open this week on tennis can haveel -- can ha >> chicht annel. democrats prop
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another tax this time on cap gains good morning, stu. >> piling up. >> is is there any aspect of our financial lives that the government doesn't want to have a piece of? >> answer?
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no. >> -- ron wyden democrat senator oregon proposes cal gains tax every year taxing rate same as ordinary income if i were to sell my mike over the years according to this i would have to pay cap gains tax every year though i never realized gain selling microsoft would have to look at how much money i made the end of the year pay a cap gains tax on that same rate as ordinary income dear lord is there any aspect of our lives that they don't want a pies of answer no, they want it all we used to have a differential rate between work, and money. they propose to make it all the same, terrible maria: at least telling us plans before 2020. >> yeah, unfortunately, a lot of people will like those plans that is my problem here.
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maria: all right. dagen: wealth confiscation and communist. >> exactly what it is. >> at least socialist, "varney & company" top of the hour 9:00 a.m. eastern after "mornings with maria" join stuart we'll be right back right here with carlos ghosn news back in a minute. ement. don't worry. 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. ifor another 150 years. the fire going ♪ to inspire confidence through style. ♪ i'm working to make connections of a different kind. ♪ i'm working for beauty that begins with nature. ♪ to treat every car like i treat mine. ♪
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♪ maria: sara jessica parker launch of signature line of wines, trademark cosmopolitan to sauvignon blanc rosé partnering with new zealand winery to put stamp on exclusive collection. >> -- ♪ cheers. >> to yourself how do you enjoy glass of wine -- >> you know the end of a workday. i have a glass of wine literally every single day. >> every single day. ♪ my husband is like you want a glass of line? >> joining us right now tim lightborn thanks so much. >> how did they this come about tell us about your winery. >> business.
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>> we in 2008 came to trade we have known each other since -- we probably -- to launch a winery 2008, and harvest of wine that year, told us -- one at a time, fast forward to today, from you over 4 million bots aipaca in ucht k -- uk launched a wine, and that brand from 12,000 bottles to nearly -- 3 million bolts this year in handful of years so we thought can we do same in u.s.? >> so celebrity works. >> yeah if you do it right not just having name on label, it is about getting involved in the wine-making process, and
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choosing wines, quite hands-on wanted to about hands-on as well. >> coming down to celebrity stamp on something from flavor profile appearance marketing strategy as well. >> tell us about this sauvignon blank. >> jessica parker will be in august, we sit down in may, over here about 8 samples of new he harvest she tastes through them all choose blends i like this i don't like that a fun sort of day we -- the wine you are going to see sara jessica in a different light tasting wines all this. >> oh. >> exciting. dagen: dangerous to give me a screw off bottle it is warm i don't care. >> she ended the day with wine i am thinking maybe start with
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wine. >> this is my -- >> no different than cork. >> selling point we are happy with screw caps for people -- works. >> we check it out thank you so much, still ahead information about carlos ghosn the very latest the after this. rather than worry about how to pay for long-term care. brighthouse smartcare℠ is a hybrid life insurance and long-term care product. it protects your family while providing long-term care coverage, should you need it. so you can explore all the amazing things ahead. talk to your advisor about brighthouse smartcare. brighthouse financial. build for what's ahead℠
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welcome back carlos alliance chairman and ceo says he'll give
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a press conference about case against him next week and sources close to situation say ghosn will say it has been a conspiracy from day one and, of course, you heard me say that from day one a movement within to get rid of hill. part of the issue and say this next week the company was not doing well but collapses and number two concluded that he was about to be fired. and that ghosn was to be merge nissan because of the heightened tensions within company and wasn't doing well there was a first fight around the ghosn's idea that the company that was the holding company for the three companies which wases nissan and mitsubishi that holding company would have one stock instead of three separate stocks between nissan employees and government ministers they did not want to be acquired by what they deemed was weaker player french automaker and ghosn will stress that he hopeses to have a fair trial and he can't leave japan until he's cleared and main concern it is getting fair trial and my sources say it was minister of ministry that teamed up to lure
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him to japan to airs him back on november 19th and then jail him for 107 days to stop planning of a mernger and relationship between government and nissan always very open and dialogue was ongoing and did not want any merge we are that was well known and he knew that was a plot to present to trial and sources say he was not going to announce a full out merge and planning consolidation between company and some in the face of a worsening performance at kneeing san and guy who run ares it was going to go and ghosn blindsighted of not reporting income and say such and greem was never final or agreed upon no money ever changed hands. it would not have been ghosn's solely he needed board to agree so hardly a done deal and ghosn never received money and this story is incredible what a system to throw the guy in jail for 107 days. >> you were the it day one and also a treatment of someone and a cultural bias within the country of someone with who nons
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i want to check out if foreign capital decreased going into japan that will do it for us to talk about that tomorrow have a great day everybody. "varney & company" begins right now. take it away. >> good morning gnar ya, good morning everyone. you know it has been quite a few quiet for a few days but china trade is back on front burner and investors like it and several reports that two sides of close it a deal. china's vice premier is back in d.c. and he's back at the bargaining table with robert lighthizer i'm trying to summarize the reports we're seeing optimism is the word of the day as we said investors are are encouraged by this. the rally continues a half hour from now we're looking another solid triple digit gain for the doug and last 90 days dow is up a whopping 15%. and nasdaq we're looking at a
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gain there


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