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tv   Mornings With Maria Bartiromo  FOX Business  April 24, 2019 6:00am-9:00am EDT

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camera. cheryl: mornings with maria starts right now. maria: thank you so much, see you in a little bit. good morning, everyone, i'm maria bartiromo, it is wednesday april 24th, happy wednesday, your top stories right now before 6:00 a.m. on the east coast. earnings once again, 4 dow components reporting, in an hour or so we will have the numbers. later technology titans after the bell, we have the preview, we have the full analysis after last night's record-setting rally. jock dorsey meeting with president trump as the stock surges following strong earnings of twitter. the fallout from the mueller report comes out. hillary clinton is weighing in. wait till you see what she has to see. dress code for parents, not just kids anymore, some schools are
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trapping down on what parents are wearing, mornings with maria begins right now. ♪ ♪ maria: good morning, markets are trading up, extending yesterday's big record rally, take a look at futures, fractional move on percentage basis, nonetheless momentum from yesterday goes on. s&p futures up fraction, nasdaq futures also higher this morning. yesterday the s&p 500 and nasdaq both closed in record territory with stock ralliesen up --
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rallies up. trade representative robert lighthizer and steven mnuchin said they will head back to beijing for another round of talks on tuesday, chinese vice premier will be in washington may eighth as british prime minister theresa may allowing huawei to build 5g network. down a fraction, of course, this has been front and center this week as the u.s. has ended waivers for the country importing iranian oil, china, india, are the top, waivers to expire on may second, joining me secretary of state mike pompeo, brian hook, good to have you, thank you so much for joining us. what was the importance of doing it now, making sure that the
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waivers ended at upcoming deadline may second as opposed to extending the waivers? >> well, it was important that we deny iran the revenue that it needs to fund its proxy wars around the middle east, the current set of oil waivers expire may second, we have been working to ensure that even as we take off the last 1 million-barrels that iran is exporting that we still have a well supplied and stable market. maria: it's important because we saw the market react pretty much immediately when the news hit that the u.s. would end the waivers, oil prices shot up and the worry was that gasoline will go higher going into the very busy summer months and, of course, perhaps cut into what has been a very strong economic backdrop. are you counting on the saudis picking up this slack in terms of more oil, gasoline in the
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market? >> 2019 present much better global market picture than 2018 did. last cycle, last november we had to grant 8 oil waivers, we are in much better position now. supply forecast to exceed demand. saudis will ensure that any iranian barrels that are lost are offset by various producers coming on line. we think we have calibrated goals and got the balance just right. maria: brian, what has been reaction from china, 3 countries that have been the biggest buyers from iran? >> i think when you look at the countries, they've been given a choice, you can do business with the united states or import iranian oil. it's not a difficult decision to make. we have not seen any countries that have threaten, in fact, 20 countries that were importers of
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iranian crude that are now at zero, that number will increase after may second, no importers of iranian crude oil after may second. maria: what kind of an impact will have in economy of iran, already struggling as all the money that comes in to oil goes out to terrorism, are you expecting this to have a big hit? >> well, iran is already in a recession and that's partly mess of their own making, mismanaging their economy for 40 years, our sanctions are targeted at the regime to just essentially raise the cost of their violent and malign foreign policy. and so iran has a choice, they can either start behaving like a normal nation or watch their economy crumble. this is the price that the regime is paying for behaving like on -- an outlaw regime. maria: does the regime care if the recession continues and
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deepen? >> iranians aren't thriving in their own country. this is a religious mafia, they've been robbing their own people blind in order to finance proxies from lebanon, syria, iraq, yemen and the iranian people would like to see an end to it and so would the united states. maria: i understand. let me ask you, brian, perfect opportunity for the chinese to buy oil from the united states obviously the u.s. now the largest producer given the deregulation, opening across the country, is this part of the trade talks? >> we would like to see iranian barrels that are offset to be made up by various producers around the world, the united states is becoming arsenal of energy, last year we increased by 1.7 million-barrels and this
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year outlook is very strong as more american producers come on line, the timing is very good to take iran exports to zero. maria: you would expect that we are in knee-deep talks with china right now and u.s. is cutting off iran, okay, we will make purchases from u.s. >> yes, certainly that would be a very good outcome, the bottom line is here, we are exited to ensuring a very well-supplied and steady global market. maria: brian, good to have you on the program. >> thank you so much. >> brian hook from state department there. drone deliveries approved for takeoff for google's wind aviation receiving faa's first certification in the country to offer delivery drones, dagen is on that this morning, good morning, dagen. dagen: fleet of unmanned aircraft that will be used for delivery of consumer goods. this move by the federal aviation administration could certainly jump-start what other
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companies are trying to do with drone deliveries, amazon and many others are buying similar approvals from the faa. this approval only covers a very small area, rural area in south western virginia, we will talk more about that in a second. but it doesn't deal with long-standing hurdles covering drone use like security concerns about widespread use, also current restrictions for commercial drone flights over populated areas. but faa definitely signaling that wants to move ahead of drone approvals even before there's a broad regulatory framework in place, so here is what's going on, this is virginia in southwest virginia where the flights will be taking place, only covers this area. this is not far from hometown.
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in case you care. this is what's been going on, working with virginia tech, experimental flights to deliver food at no charge to customers, now google is going to survey residents, local businesses about the kind of foods, medicines other goods that they might want to be delivered during daylight hours, but again, the drones will be able to travel longer distances that are now typically allowed and even provide for beyond what they call the visual sight of operators, huge move in this country and it'll be interesting to see what the residents of that town of blacksburg, have have to think about it. one thing i want to quickly add the united states in terms of regulatory approvals is far behind a lot of the other countries from iceland to australia and, in fact, they had
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experimented in australia before moving in the united states. maria: catch up with the innovation. dagen: that's the case historically. maria: isis claiming responsibility for bombings in sri lanka. cheryl: islamic state posted video on social media that shows the man believed to be the suspect, the video showing the bomber declaring loyalty to isis, more than 350 were killed in those attacks. deutsche bank reportedly looking to forming a bad bank, would house unwanted assets and businesses that could be closed with potential merger commerce bank, sources say deutsche could create regardless it reacheses a
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deal with commerce bank. well, president trump meeting with twitter cofounder and ceo jack dorsey at the white house, meeting coming after trump attacked social media companies saying that they are bias against conservatives and slamming twitter y earlier yesterday, the president tweeted about his sit-down with dorsey writing, quote, great meeting this afternoon with jack from twitter, lots of subjects discussed regarding platform and the world of social media in general. look forward to keeping open dialogue. look at shares of twitter soared 16%, you saw on this folks, the company has been working to purge abusive accounts but their user growth certainly was pretty impressive yesterday before the bell, maria. maria: yeah it was, lots of questions about that censorship on conservatives, we will keep watching that.
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coming up rebuilding america's infrastructure, speaker pelosi is ready to meet with the president about it, she said she's up for 2 trillion-dollar pact, see what the president told me about getting democrats on board. dress to impress, one school district says it's not only the students who need to plan their outfits, parents do as well. watch what you wear to this school, back in a minute. 2,000 fence posts. 900 acres. 48 bales. all before lunch, which we caught last saturday.
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maria: welcome back, big show this morning, coming up president trump personal attorney, former mayor of new york city, rudy giuliani. romney mcdaniel is here, exclusive interview, herman cain days before he withdrew from fed
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consideration. fox news judicial analyst napolitano is here. medical devices, kevin is here, we have big 3 hours, we want to kick this hour off with infrastructure, house speaker nancy pelosi revealing that she and senate minority chuck schumer will meet with president trump next week to talk about a plan for improving the country's infrastructure. in my exclusive interview last month the president told me that would be the easiest issue to work on with democrats today. maria: anything that you see that you would like to work with the democrats on? >> a lot. we could work at a lot and the easiest frankly of all and i could have said number one but i wanted to get tax cut which is we got, the easiest thing was infrastructure, they want it, i want it, i spoke to nancy pelosi about it the other day, we agreed on it, we even liked the type, i think, i think we liked the type of infrastructure we are talking about, maybe in a more democrat in standpoint than
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republican concept, private-public, i like frankly owning our roads and bridges, i don't like selling them to other countries. maria: kevin kelly, ceo of mcdonalds usa ed, joining myself and dagen, great to see everybody this morning. ed, what about that, when nancy pelosi said she wants to work with the president, that's a good thing and yet they are talking about upwards to $2 trillion, do you think that's necessary $2 trillion given the $22 trillion in debt the country faces today? >> absolutely, the customers travel the roads every day, bridges in terrible conditions, mass transit systems are weak, we have to do something, i don't know if $2 trillion is the right number but big project because we've had 50 years of neglect, i hope pelosi and trump get it
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right. maria: yeah, you know, i'm really good that you're here in studio, you're looking at camera and you're just talking to us remotely, finally, you're here so we can have a conversation, thank you, ed. kevin: yeah, pretty interesting because i anticipate the president is going to tie it to actually one of the biggest infrastructure plan that is he wants to do and that's border wall, part of 2 trillion-dollar package he will pair it with the border wall. i think it's important to note that there has been a lot of infrastructure bill when he talked about public-private partnerships. one is actually walkway to méxico, in airport from san diego into tijuana. exactly. they charge people to go back and forth across actually through bridge, built a bridge through méxico which is fascinating.
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exactly. so, you know, necessary especially for the economy and i think that's the most important thing. when you tether infrastructure -- dagen: you can't do public-private partnerships on just highway repair because there's -- there's not a revenue source unless you lay a toll on it on basic bridge repair and comes down to issue of how you you are going to pay for it. i said this until i'm blue in the face, the federal gas tax has not gone up in quarter of a century, the cost of construction is outpacing inflation in the country. you have declining force of revenue in gas tax because basically cars are more fuel efficient, the tax itself has been static but collecting less money because people are going further on a gallon of gasoline. i guaranty you neither pelosi nor president trump will say,
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hey, we need to raise the national gas tax even though the chamber of commerce has come out in favor of a higher gas tax. maria: meanwhile prices aside from that, people expecting gasoline $3 in some of red states, it's going to take disposable income away from people, they will not go to that brands. >> that's a fact. political nightmare for everyone, i think we have to be careful, dagen is absolutely right, we have to pay for it somehow, i think the private sector is all in. we can do it. maria: we will take a short break on that note. the company, one of four gas components reporting, stock is up a fraction ahead of it.
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>> earnings in focus, boeing due in about an hour at 737 max jet is grounded. pane is looking for approval of software fix as early as the third week of may and the ungrounding of the aircraft around mid-july, joining us wealth management chief investment strategist nancy to talk about earnings this morning
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and for the most part, what's your sense of what you are seeing in first earning season? >> i thought yesterday was pivotal, maria, organic growth for coke, that was impress i have to me and so earnings aren't our focus, we are looking more at top line and organic growth and i'm impressed with what i have seen so far. all three companies raised guidance yesterday, it'll be interesting to see what boeing does today with -- with guidance and, you know, the update on software, that's what everybody is waiting to hear. >> yeah, i think the interesting aspect that's happened is we have recovery and all predicated on the fed and everyone anticipates that there's -- could be a fed cut now when we look at fed for future, my
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worries of the second half is actually the fed will actually become more hawkish, right, we are getting great numbers. dagen: i said that yesterday. kevin: i know. >> we have been for a while, we went pretty heavy in our overweight, the odds of a cut, 25 base-cut, hike, sorry, sorry, it's much greater than the market is anticipating, so i agree with both of you and i do think that it won't necessarily negative but the market isn't it anticipating it yet. we are believers that china growth, we were talking about this in fourth quarter which is better than expected and drive the second half, global growth, so we are kind of in the same camp you are.
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dagen: one of the interesting things today is low volatility, one thing that's helped is a very, very calm trading market and there was one stat i just we wanted to quickly point out that the gap between the daily highs and lows on the s&p is that 12.6 index points, so a real calm in the market that's given stock the lift. maria: how do you see it? >> i look at restaurants as key indicater, people have disposable income and i look at transaction accounts as well as sales, i'm looking at 2 plus across the board. i think that's pretty good for the history we've had.
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i'm excited about the future. i think we will have a great second half. maria: good indicater and you have tech earnings as well factor today, tesla, microsoft, facebook all reporting after the bell, what are you expecting there? >> yeah, so microsoft is one of our largest holdings and it's just hard not to love the company even after the valuation levels, so we think that, you know, they have done a great job in cloud, we are excited about seeing the ongoing growth there. facebook i am probably the single most unenthusiastic holder of the stock, it's an issue of management for us, governance, but they are putting up the numbers and instagram is driving, you know, the underlying growth. maria: isn't that the larger issue for all the names, we don't know what the regulatory environment is going to do, they obviously disappointed and really disrupted people's lives in terms of their privacy breaches. >> and still are.
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maria: still are. >> i think the governance issue ownership, voting rights, you have it in google, facebook, tesla and now uber will do the same. we sold tesla holdings about a year ago just based on valuation to some extent but mostly based on governance. maria: similar story with media stocks. dagen: even levi. >> exactly. troublesome for long-term investor. maria: that keeps you from buying the stock, you will avoid it. >> we do own facebook but stay get away from the others and i have no interest participating, maybe i will forced in at some point. i don't like it. maria: buy stocks here because of the backdrop that you're expecting? >> i do think that the second half is going to surprise investors and a lot of -- most people are in defensive names and they are just expensive, utilities are expensive.
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maria: nancy, good to have you on the program. coming up more fallout from the mueller report, hillary clinton is now speaking out. hear what she had to say about all of this. amazon and kohl's teaming up to make amazon returns easier, we have the story, stay with us. i knew about the tremors. but when i started seeing things, i didn't know what was happening... so i kept it in. he started believing things that weren't true. i knew something was wrong... but i didn't say a word. during the course of their disease around 50% of people with parkinson's may experience hallucinations or delusions.
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maria: welcome back, good wednesday morning, i'm maria bartiromo, it is wednesday april 24th, 6:33 a.m. on the east coast. earnings in focus once again, 4 dow comp oaptsz reporting first quarter today, boeing, caterpillar, they will be out momentarily. later today technology giants microsoft and facebook along with tesla. full analysis coming up following record rally yesterday, take a look at the numbers at the close yesterday, dow industrials were up 145
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points to all-time high, one half of a percent higher, s&p 500 up 25 points, almost 1% higher and the nasdaq up 105 points, one and a third percent, record-setting day yesterday, this morning the momentum continues, futures indicating a gain at start of trading, dow futures up 33 points and nasdaq futures up 1 point currently. in europe this morning, the momentum there as well with the exception of london, ftse 100 in uk is down 18 and a half points but cac quarante in paris is up 3 points and dax index in germany up almost 1%. in asia markets mostly lower despite highs in the u.s. shanghai composite up a fraction, as we know the u.s.-china trade talks will resume on april 30th in beijing when steven mnuchin and robert lighthizer travel to beijing to continue talks. amazon and kohl's teaming up, easier to return packages at
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kohl's through amazon. dress code for parents, some schools are telling moms and dads what they can and cannot wear to school. yeah, that story coming up. first top story this half an hour, the mueller report fallout, hillary clinton is now speaking out against the special counsel's decision not to indict the president. >> i think there's enough there that any other person engaged in those acts would certainly have been indicted. it could not be clear, you know, as i read it basically what i thought it was saying is, look, we think he obstructed justice, there are 11 examples of why we think he obstructed justice, but we are under the control of the justice department and their rule is you can't indict. but we do have checks and balances in america and there's this thing called the congress. maria: not a lot of checks and
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balances for hillary clinton, president trump took to twitter to comment on impeachment talks from the left. even stock market hit record high today and they are talking impeachment. will i ever be given credit anything by fake news media or radical dems, extraordinary that hillary clinton is out talking about the mueller investigation, talking about the fbi investigation into donald trump at all. she paid for the dossier, she's basically the beginning of all of this and the reason that the fbi investigated the president, do you find it as extraordinary as i do? kevin: yeah, pretty ironic that she's talking about not getting indicted an given her time as secretary of state where she kept emails and comey layed out the reason for indictment against her and so it just brings back the whole ironic situation that she paid for everything, she was the reason behind it, she was claiming russia, russia, goes back to husband and clint own foundation
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where we are talking about selling uranium one, how they've been in cahoots with the russians. exactly. i just think she's trying to point as much blame on the trump to take away the heat on her side. >> well, i happened to like bill clinton a lot personally. i spent a lot of time with him. i don't listen to losers, i want to go forward. this country needs progress and development. [laughter] >> we need people who are forward thinking and not backward looking. dagen: that's why she can't stop talking. she will weigh in on everything from the new quarter pounder to the lack of an impeachment process against president donald trump. she's gasping for relevancy, dor
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paid for by her campaign, again, at some point we need to stop listening. a b in the bonnett. maria: they have to be saying, please stop talking. it's not just the fact that she paid for the dossier and she was behind all of this investigation into donald trump, but she totally skated in her e-mail investigation as you just mentioned. she used hammer to her devices beach blitz. kevin: kind of in orange jump suit. >> wait for the inspector general to do report and some of the things behind the scenes right now, it's going to bring a lot of clarity in the future. dagen: well, i don't mean to drive the van here into the ditch, so to speak, but i want to point out and maria has talked about this endlessly.
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in the mueller report it calls into question basic assertions that were in the dossier, so we were referring to it as unverified, well, now it's largely discredited among those things no evidence that russia possessed any dirty tape of president trump. it did not show russia authorities cultivating donald trump for at least 5 years as part of operation directed by putin. it also appeared to debunk the dossier's claim that michael cohen met with kremlin officials in prague which cohen said didn't happen. maria: he never went to prague. dagen: the report undermined a crucial story in the dossier that carter page started as conduit for, quote, well developed conspiracy between trump and russian leadership. dossier had sate carter page had secret meetings and in this mueller report, it said, quote, the investigation did not
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establish that carter page coordinated with the russian government in efforts to interfere in 2016 presidential election which basically blows up the entire dossier and the fisa warrant. >> the fisa warrant will be really important. i think barr will run that to ground because that's something where you can start spying americans with impunity, that's a problem. maria: carter page was never charged with anything, wiretapped for a year and wasn't charged with anything. the public recognizes that it was a lie, they inserted donald trump into a story about russia meddling in the u.s. affairs and -- and we've known this for at least a year and a half, now the rest of the world is figuring this out but this is outrageous. this is not about donald trump. as i've said, this is about america and fairness. kevin: right, you've been saying time and time again r the democrats going to be held accountable, what they did was
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completely illegal and wrong, that's why you will continue hear obstruction, obstruction, bruce ohr, the fbi, strzok and page. maria: at least bruce ohr was honest in testimony. when he testified he said clearly, i told him, i told jim comey this was political. his wife was there writing the dossier, the whole thing is just extraordinary. how you could actually get a federal, criminal investigation going based on nothing and then take it and -- and morph into a special counsel investigation. it's just extraordinary. >> if this kind of drama was in corporation we would fire everybody. maria: exactly. who is going to get fired?
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dagen: what democrats are trying to do and i said this last week, they are trying to set bill barr up. they are trying to take him down and take him out because he will shepherd investigation for predicate, counterintelligence investigation. maria: they have to, they have no where to go, they've lied. you can't say that james clapper and, you know, and john brennan didn't know that this was based on nothing. guy was the head of the cia. so what do you come out with, they lied. >> yeah. maria: unbelievable. kohl's expanding partnership with amazon, we talked about this earlier, cheryl casone with more details on that, cheryl. cheryl: interesting, maria, kohl's is going to accept amazon returns at all of 1200 stores and that starts july, retailer expanding service from the originally 100 stores, kohl's needs partnership as a way to get more people into the stores. shares of the company jumping
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nearly 12% yesterday, there's kohl's on your screen. well, coca-cola looking to attract more coffee lovers, to company coke coffee getting wide rollout by the end of this year, launching on more than 25 markets around the world. coca-cola hoping workers will choose coffee and coke drink if you need it. making announcement during earnings call, made announcement during earnings call. there's a premarket read of coca-cola, down fractionally. deputy champ keeps breaking records. >> what will your total be today? add 50,000, that takes you up to $118,616. [cheers and applause]
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cheryl: it is amazing, surpassed 1 million mark. he's now 1 of 2 contestants to earn more than a million dollars. i think he should go back and play again, maria. maria: very cool. [laughter] maria: coming up twitter users on the rise. dress to impress, one school district says not only the students need to plan their outfits but parents need to as well. we will tell you why. stay with us ♪ ♪ ♪
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maria: welcome back headlines across america. car crashes into a crowd in sunnyvale injuring people. driver arrested, 13-year-old among victims rushed to the hospital, meanwhile chicago tribune writes jussie smollett attorneys ridicule as comical a lawsuit by the brothers allegedly paid to stage the attacks, the brothers who alleged jussie smollett paid them to stage ambush on empire actor, they filed a federal defamation lawsuit against jussie smollett's attorneys, prosecutors dropped all charges against smollett, houston
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independent school principal set dress code for parents, the kids wear uniforms, the school website informs mom and dad if they show up wearing things like pajamas, hair rollers, leggings, they cannot come in. [laughter] maria: what do you think about that? dagen: old yoga pants where the backside is worn out and somewhat translucent. you see that a lot in new york city. time to retire the those pants. [laughter] maria: all right, coming up record day for twitter, stock up, social media giant soars after better than expected yesterday, take a look where it is today, up quarter percent as snap users are going up as well. back in a minute with that
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maria: welcome back, social media success, shares of twitter surged yesterday on earnings, company reporting a record gain in daily users, up 6% in first quarter. there you go. 134 million, snap made comeback as well. bit of a comeback, daily active users spiked by 4 million following release of remodel android guy. joining us cyber guy, thanks for being here, what was your reaction on what happened yesterday, are we seeing a new resurgence for some of the companies? >> hey, high-fiving should be going on in the white house yesterday. dabbing jurorsy showing up to
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sit down with the president which he should be high-fiving because as you have said before, twitter really wouldn't be twitter today had it not been for the engagement of the president and he continues to keep twitter at the forefront, other social media plays come up engaging innovative ways to attract users and retain and twitter sort of stayed the same, i think we are seeing a turn there with twitter, i think we are seeing that jack dorsey to make healthier company is paying off and attracting the users, i think at the same time while they are making it healthier, what does that mean, what that means is same thing that the president is complaining about. they are getting rid of fake bots, easier for us to have conversation on twitter. at the same time you have jack dorsey, really truly should be thanking the president. maria: i said that a long time
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ago. i don't understand possible when you have the leader of the free world using that -- using twitter so much and when someone asked him, jack dorsey, this is a long time, what do you think about the president tweeting all of the time, he said it's complicated. i said it's not complicated, this is a huge thing, this is a big positive. so the fact that now that we are seeing user number up and you are seeing the stock trade up, maybe they are turning a corner, we will see. there's still things. we were just talking about this, kevin see my tweets sometimes, you know, somebody else told me that i was muted on their -- on their twitter account, i don't know. still questions out there. >> yeah, true. there's a lot of tweaks that they have to do with the algorithm that we want to have within each other and at the same time able to share those externally and have people discovered those who are part of our lives, that definitely needs
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some work. they are making progress there. they are. they are looking on app that is making easier. dagen: organic shift on how people are using it. i think that individuals are taking control of the platforms and using them for good in addition to like than just throwing mud at each other politically. i will point out a woman who dumped 7 puppies, a video that went viral, she got arrested on multifelony -- maria: good. dagen: river side county, california because of social media that she got busted, the piece of human garbage. maria: i was so happy that you tweeted and i retweeted because it was absolutely disgusting. dagen: right. maria: look at how china is using facial recognition as they -- as they track all of their citizens. that's another issue. >> you get a jaywalking ticket in china, no officer writes you ticket, the camera systems themselves have identified you
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and the ticket automatically goes to -- debits to checking account. maria: thank you. stay with us, we have a revenue miss on at&t next the matters.ar... introducing the all-new 2019 ford ranger, it's the right gear. with a terrain management system for... this. a bash plate for... that. an electronic locking rear differential for... yeah... this. heading to the supermarket? get any truck. heading out here? get the ford ranger. the only adventure gear built ford tough.
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maria: welcome back. good wednesday morning. thanks so much for joining us. i'm maria bartiromo. happy wednesday. it is wednesday, april 24th. earnings driving markets this morning, four dow components reported earnings this morning, including boeing and caterpillar this hour. at&t has a miss on revenue and the stock is down 2%, as you can see there. later today, technology giants microsoft, facebook and tesla will report their quarterly numbers. we'll bring you all the numbers, full analysis and anticipating all those tech numbers after the close tonight. that after yesterday's record rally. take a look at the close, dow industrials were up 145 points, s&p 500 was up 25, the nasdaq up 105 points in a record performance yesterday. this morning the momentum
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continues with the dow industrials, as you see, up 29 points. look at the s&p and nasdaq, turned negative a few minutes ago, down half a point. european indices are mixed. fq100 is down 20 points, cac in paris is up about 2 points and dax in germ you any up 108 points. theresa may is ignoring u.s. pressure, allowing huawei to supply some parts of its g network. we take a look at the u.k. efforts here after pompeo explained to european countries if they use huawei telecom, the u.s. will share less information with them. it was a mixed story, the korean kospi index down almost 1%. u.s.-china trade talks set to he resume on the 30th of april. secretary of the treasury, steven mnuchin as well as robert lighthizer will be going to beijing on the 30th to continue those talks.
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apple in focus this morning, find out what ceo tim cook says will be the company's greatest contribution. it is not the iphone. tesla the latest tech, elon musk has developed cars, rockets, even flame throwers. find out what he's working on now that's causing quite the buzz this morning. all those stories coming up this wednesday morning. our top story this hour, the mueller report fallout, hillary clinton is speaking out against the special counsel. she is suggesting that the report offers enough evidence to indict president trump. it comes amid comments by jared kushner who argued that the probe itself was more damaging to the country than russia's interference in the 2016 election. >> i think there's enough there that any other person who had engaged in those acts would certainly have been indicted. if you read that part of the report, it could not be clearer. i mean, you know, as i read it, basically what i thought it was saying is, look, we think he
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obstructed justice, here are 11 examples of why we think he obstructed justice, but we're under the control of the justice department and their rule is you can't indict. we do have checks and balances in america and there is this thing called the congress. >> you look at what rush sh rus, it's a terrible thing. i think the investigations and speculation that happened for the last two years has had a much harsher impact than other democracy than a couple facebook ads. maria: checks and balances in america, ms. clinton says. joining me right now is the personal attorney for president trump, rudy jaw. giuliani. it's always a pleasure to see you. >> hillary exceeds all expectations. what hootspa they have. here's a woman who really does know about obstruction of justice, i have to concede to that. she figured out how to actually
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do it. president trump didn't delete 33,000 e-mails. he didn't have somebody bust up his phone with a hammer and he didn't bleach bit, which is what organized criminals do, and terrorists, launder money, theye didn't bleach a server. she did what are called obstructive acts, precisely what couldn't be found with regard to the president. remember, the president did not commit underlying crime. unlike her husband, when he got impeached. whether you think that was a crime or not, perjury is a crime. he committed perjury, we have no doubt about it, because of the dress. iso she knows about impeachment. she knows about obstruction. she should know better. there's no there here. as peter strzok says, no
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collusion, no obstruction in the sense that he didn't commit an underlying crime. he was trying to defend himself, no intent to obstruct. maria: knowing she paid for the dossier, her and the dnc paid for the dossier which was the basis to get a warrant to spy on the trump campaign through carter page who was never charged with anything. the guy was wiretapped for a year, never charged with anything. she has the gall to go on stage and point fingers at donald trump when we know the entire investigation begins with her. >> i hope her sense of what's going on is still pretty good because she could be called as a witness in the investigation. she paid the money. she may have initiated a lot of the frame-up. maria: but will william barr? >> she doesn't have jim comey in her pocket to fix it for her. that's a total fix. that case was obstruction ga he lorgaloreand she didn't get indd comey says a ridiculous thing that no reasonable prosecutor
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would prosecute her. maria: how it is possible that comey said that he didn't he know that the clintons paid for the dossier. you're the fbi director. >> he didn't know anything about that. maria: he should have known that. >> we call that -- what do we call that? we call that reckless disregard for the truth. maria: yes. >> we also call that gross negligence, the statute says gross negligent. jim couldn't find that hillary violated that statute. he may have violated that statute. he didn't bother to check facts that could be verified. it says cohen was in prague on a certain date. maria: is he just lying? >> if he did, then we got a bigger fence. if he didn't, we've got a two-year. maria: how far up the chain do you think this goes in the obama administration. the obama justice department has explaining to do. >> it goes up to the director of the fbi, that's for sure. i don't know if it goes to the attorney general. maybe she was recused from that
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as she was from everything else, unaware, basically unaware. certainly goes to strzok, mccabe, bruce orr, nellie orr, who may be a witness for the government, by the way. and those people overseas who really inche instigated the whoe thing with papadopoulos. i would like to know how this guy got the information. they picked him as a target, gave papadopoulos the information and got him to repeat it to an australian diplomat who donated $150,000 to the notorious clinton foundation for which she should also be indicted, as she should for the basic bribe she took to sell 20% of -- maria: uranium. >> rieui.>> uranium to russia. maria: the foundation got $128 million for that? >> the foundation got -- no, out
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of the kindness of their heart a donation. $2 million speaking fee for bill, but $2 million. maria: from russia. >> for a speech, from the people who got the benefit of your -- maria: how do they sit on the stage and talk about donald trump when there's so much collusion around her and obstruction. >> i know all the democrats get crazy, they were small time grifters in arkansas, selling the damn state capital, he was using the state police to do his bidding. she was involved in corruption up to her eye balls with him. everybody in arkansas who knows about it will tell you that. when they came to the white house, they started selling the lincoln bedroom. they sold everything they could sell, including pardons to mark rich, millions of dollars for that. maria: are we going to see accountability? >> mark rich was a fugitive from justice. they're talking about pardons. i got asked about pardons for people involved in the investigation. the president is not going to consider now.
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but these are people who either have been convicted, charged with something, are here in america standing up to whatever charge. mark rich got pardoned. he never came to the united states. i happen to know he was bribing for years. all of a sudden, he got a crooked president who was willing to take the bribe in order to help himself and then they also raised a lot of money for her in the senate campaign. this is a crooked couple. maria: this is all very- >> they are an embarrassment to this country. when you get away with murder, you keep your mouth shut. well, she doesn't keep her mouth shut. maria: now she's out talking. >> there very well may be an honest -- maria: attorney general. >> there is an honest attorney y general, head of the fbi. maria: do you think we'll see accountability for the people who launched a criminal investigation into donald trump for the sole reason they didn't like him and wanted to take him
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down. i'm talking about peter strzok, lisa page, andrew mccabe. >> yes, yes, yes. maria: possibly jim comey. >> i put the first three in the evidence is clear. but we still can't -- we have to presume them innocence. i'd put comey in the it those be looked at category. i'd put hillary, brennan, clapper, who were running around with the steele dossier, trying to sell it, after -- if you read the steele dossier, you and i would laugh at it. maria: i've seen it. >> which demands, therefore, that you verify it. i helped to establish the fisa court in the 1970s in the ford administration. maria: you have to be distraught by that court today. >> i went through the warrants for the cold war. i went through 100 warrants for regular wiretaps. maria: do they feel hood winked? do the judges who signed off on a warrant to spy on carter page, were they hook winked. >> i was a law clerk to a
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federal judge who would demand an investigation because his name was put on a document that was not properly obtained you by not exploring the steele dossier. how about the fact, they didn't bother -- all about russia. they didn't bother to ask steele, when was the last time you were in russia. you know the answer? seven years ago. how could he write anything knowledgeable about russia, not having been there for seven years. maria: do you think we're going to see prosecutions for all of this and do you think we're going to see hillary clinton come down and testify? do you think wil william barr ie going to get the people who are involved in this set-up to take down donald trump, is he going to question them? >> i'm not going to predict anybody is prosecuted. i will predict everybody gets investigated. i've got to see the evidence first. if you're asking is the evidence there to investigate, it compels investigation. there's so much more evidence that necessitates this investigation compared to the
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one of him where all you had is papadopoulos saying is the russians have dirty information on hillary. didn't suggest what crime was committed. didn't suggest the trump campaign was involved. certainly didn't suggest that the candidate was involved. and they didn't go warn him the way they warned fine steyn after she had a chinese communist spier on the staff for 20 years. maria: look at what the dems are doing now. they're digging in. adam schiff was on the sunday shows saying yeah, maybe we will still indict. elijah cummings says i'm not there yet, but i might be there soon. they want the president's tax returns. they deadline came and went. they're digging in because they recognize the wrongdoing that was taking place at the top of the fbi and they don't want you to go there. they don't want william barr to go there. they're ripping william barr, the attorney general. >> they are. i saw it in the first moment they did it. they're ripping the attorney general because they're hoping had they can back him off and deter him from doing a fair and
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balanced investigation. they figure he's going to get scared the way they do. i don't think they know bill barr. i think the man acquitted himself in a way that i was very proud to see our attorney general. i work for two great owners general. maria: what's the shock of the spying. of course there was spying. >> he was honest and straightforward. he described it correctly. the conclusions are absolutely what he said. his analysis of obstruction of justice is the analysis of obstruction that you i learned in law school. as a practical prosecutor i wouldn't go near a case where there was no underlying crime and there was good reason to believe a man was defending himself against false charges, in which we give someone more scope, certainly a president of the united states. the president of the united states doesn't have to worry about whatever happens, he's got
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to worry about what happens everyday to credibility in office if he lets charges stay out there unrebutted until two years later. a president, if you say the president told people to lie and he didn't, he can't sit there with his mouth shut. maria: if there was no collusion, what are you obstructing? the journal wrote it in an op ed, obstruction of nothing. >> obstruction in your mind only. maria: they've got to dig in. they've got to dig in. do you think we're going to have a fair investigation here so there's -- >> by the house? maria: by william barr, lindsey graham, the inspector general. >> i'm not part of the decision making in the white house about executive privilege. i'll give no advice on that. i'd fight every subpoena they issue for him, for a witness, if i was representing a witness i would fight it. maria: why? >> because they're illegitimate. everybody in the country knows they're prejudice, you biased,
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like the judge that decides you're going to die and gives you a trial. maria: i've got to get your take on the 2020 election. i've got to get your take on your new york, it's a different place from when you were mr. mayor. stay with us. more with rudy giuliani, next. run with us in the unstoppable john deere gator xuv835, and be prepared to go the extra mile. because when others take rain checks, we take the wheel. with three-wide seating, heat and ac, this is the coolest, most comfortable gator yet. nothing runs like a deere. run with us. save $300 when you test drive and buy a gator xuv835 at participating john deere dealers.
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maria: i'm talking with rudy giuliani this morning. we have breaking news. boeing and caterpillar reporting in about 15 minutes. we'll have those numbers and analysis. plus a major deal to tell you about, chevron merging with anadarko. it is being challenged. occidental is making a proposal to acquire anadarko, beating chevron's proposal, a 50/50 cash and stock transaction with occidental offering $76 a share. we are watching this amazing deal as objection den occidento break open the deal with anadarko and chevron. we'll keep following that. i am with rudy giuliani this morning, personal attorney for
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president trump. i want to get your take on new york. you oversaw new york and it was a phenomenal place. you cleaned up the city. everybody knows it. today, mayor de blasio wants to do away with glass buildings. he says that they don't keep the energy in. the streets are filled with garbage. and there's this back and forth about his policies. what's your take on new york today? >> i was here under the broken windows theory. one of the way i test cities and have been for years, is how clean are they, how orderly are they, how nice do they look, tokyo, for example, spotless. i prided myself i got new york city like that. i remember a businessman once telling me when the city was going through a similar decline like this, you know, i'll never put a business in new york city because when i come into laguardia airport, i look at the side of the road, it's dirty, there's graffiti all over the place. maria: homelessness has increased.
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>> i cleaned it up, got rid of the graffiti. i remember coming in from the airport, and they said my goodness, i don't remember all this garbage on the side of the road. i hadn't paid attention to it. it's terrible. maria: homelessness as well. >> homelessness, i've got complaints for two years. i had a homeless man removed from some family because he was sitting in front of steps. maria: you were an outlier to o get voted in as a republican in new york. can anybody unseat de blasio. >> this is his last term. we'll see how much damage he can do. the city is losing jobs, losing businesses. the governor did a press conference on how many jobs the state is losing. i have friends calculating how to make their move to florida. i have friends that went to florida and they -- let's say you make $100,000 a year. you just made $12,000 more for you and your family. make a million dollars, you made
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$120 million more. maria: let's talk 2020. bernie sanders says it's okay for the boston bomber to vote. we have kamala harris and elizabeth warren saying i'm not sure. maybe it's true, maybe you should vote even if you're a murderer in jail right now. >> save me. save my country from these people. they said it, i didn't say it. murderers voting, terrorists voting? maria: you're supposed to lose that right when you commit crimes. >> you forfeit your right to vote. that's a reasonable judgment for a state to make. i don't know why they feel so secure they'll get the murderers' votes and terrorists' votes. maria: that's what this is about? >> you don't think they'll get the prison vote? a lot of guys in prison have to admire hillary. she got away with stuff they won't get away with.
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billy has been skating free for years. maria: anybody that's a formidable challenge for president trump right now for 2020? >> i consider them all challengers. i don't take any of them for granted. bernie came close to beating hillary last time. he may have he beaten her last time. she beat herself because she's such a crook. biden, biden, you know -- maria: yeah.
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dear tech... you've been making headlines. smart tech is everywhere. but is that enough? i need tech that understands my business. 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.
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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. let's expect more from technology. let's put smart to work.
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maria: welcome back. healthcare in america, medical technology company striker reporting stronger than expected first quarter earnings. joining us right now is the ceo of striker, he kevin lobo. it's been a fantastic performance for stryker over the years. what drove the quarter most recently? >> it's innovation. we continue to drive tremendous organic growth. it's our sixth consecutive year of growth, behind advanced
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imaging, it's been about innovation. maria: i love the idea that you've got all of this innovation in terms of technology. you've instituted more technology in the last couple years. >> correct. we have a huge lead in robotic assisted surgery with 700 robots around the worlding over 550 in the united states. we have a huge lead in 3d printing. our titanium implants are 3d printed. we have advances in lighting up surgery. >> you see more penetration into hospitals. you're not worried about the competition because you want to take more of their business. you're just starting to scratch the surface. you think that can lead to higher margins, correct? >> absolutely. when you're the leader, the key is to stay ahead. the penetration of robotic assisted surgery is very low. it's about market expansion and treating more patients and saving more lives and improving
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more lives. dagen: how in terms of stroke treatment? how are you doing that? >> the industry is about 15 years old and it's really endovascular treatment. you use a catheter thread it into a brain, use a stent that opens up and pulls out the clot. maria: i mentioned the stroke mobile unit where you can actually handle and care for a person while they're in the vehicle because of course you've got to get to the person when the person has a stroke immediately. >> speed is everything. you lose function if you don't get the clot out. in the mobile stroke unit, they do the diagnosis, understand if it's a clot that can be removed and take them to the right hospital. sadly, in many parts of the united states they get to a stroke center that doesn't have a trained interventionalist. then they have to get back in the ambulance. maria: a number of hospitals are using this unit. >> it's growing across the united states in a number of large cities. that's one way to expedite the process, even emts, we have to
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train them to diagnose stroke. it's not as obvious as a heart attack. you have slurred speech. dagen: i lived it, a week-long stroke that was loss of left field of vision that was missed by the primary care doctor. >> we have the acronym called fast. you feel number in one side of your face, you probably cannot move one of your arms and you have to have speed and time it's really critical. >> what are the most important underappreciated story with your company, the he robot replacement cycle. there needs to be a continuous replacement. >> we're still early. we're earlier than the replacement of robots. we're in the upgrading. so starting with a hip procedure, then moving to partial knee procedure, and now total he knee. total knee, the full launch was two years ago. 25% of patients aren't satisfied with the knee. that's the reason robotic a assisted surgery is helping. it's less invasive. we have the one with haptic
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feedback. the robot can't make a cut outside of the boundaries. maria: as we live longer, this is a huge business for you. >> absolutely. it's growing. maria: people are getting knees and hips replaced. >> right. maria: can you talk to us about how robots will help doctors. there's a lot of fear out there that robotic surgery means that the doctor goes away. >> i keep saying robotic assisted surgery. we're not replacing the surgeon. we're giving them more information. we're he protecting. protecting. if the surgeon wants to keep the acl, the blade won't touch the acl. the robot gives them more information so they can decide if it's tight on one side, should i change the plan. and then do a recut. or should i do the procedure and do adjustments to the livingments. maria: did you have a question? >> no question, thank you very much, america and the world needs you and your products and the benefit and quality of life
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that's coming to people because of you and what you're doing is an absolute blessing. >> thank you. >> innovation is important. >> it really is. maria: tell me where the innovation is next at stryker. what are you betting on in terms of keeping this growth story going? >> every single division of stryker has new products that they're developing. we spend over 6% of our sales on r&d. we bought over 50 companies in the last six years. some of them are si single prodt technology. it's looking for less invasive ways to treat patients, new procedures. digital, having smart devices is a new domain and robotic assisted surgery is one example and being able to help the surgeons see better. >.dagen: can you talk about the changing landscape, health insurance, the idea that medicare for all would get rid private insurance and medicare going broke, hospital trust funds out of money in seven years, do you worry about cuts to your payments in the medicare
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system. >> it's a political topic that's hot right now. we sell around the world, all kinds of healthcare systems, single payer system like canada and france, two tier like in the u.k. as long as we innovate and provide value to save lives and improve lives, we'll get our products paid for. maria: we're getting boeing numbers out. the earnings are going to be hitting the tape imminently. they are in fact pushing back on a number of things like their buyback program. but i want to get your take on really what has been the driver in terms of earnings. because the tax cut plan was a big tailwind for companies. i think yours included. then the elimination of that medical device tax. so boeing is reporting in line earnings right now at $3.16 a share. that was the estimate. of course, boeing has its own individual problems, the stock is down right now quarter of a percent. but give us a sense of the impact of the tax cut plan and that medical device tax going away for a temporary point. >> the last four years we
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haven't had the medical device tax. prior to that we had it for three years. it was $100 million a year for stryker. that was a very punitive tax. it's a tax on sales which really hurts the small companies. for us, the corporate tax reform didn't change our overall tax rate but gave us access to ous tax. we obviously buy a lot of companies. shy buybacks hasn't been part of the stryker story. we buy back enough shares to offset dilution. web use cash to buy companies, innovation. fluorescence, that was an acquisition. maria: the medical device tax will eventually go back in, right? >> it's slate todd go back in. -- slated to go back in. i'm the chairman of the trade association, we're lobbying against the return of the device tax. it's very punitive. there's also the cadillac tax that could come back. those are things that frankly both sides of the aisle are not in favor of. maria: what does that cost for example stryker. >> the medical device taxis about $100 million a year for our company. but there's great bipartisan support right now.
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there's about 58 democrats that signed on to he protect medical device innovation act. we have eight senators, democratic senators that are supportive of repealing the device fax. it has bipartisan support. maria: boeing is pulling the guidance for the year, the revenue is a miss, boeing has had incredible issues with the 737 max jet. do you want to give us guidance right now for the rest of the year? >> we raised the lower end of our guidance for both sales as well as our adjusted earnings per share. just last night. so we feel very bullish about our year, our organic sales growth is from 6.8% to 7.5% for the full year, so very robust growth. this is in an area where prices go down every year, 1.4% and we raised our adjusted earnings to a range of about 11 to 12%. maria: things feel good. >> very good. maria: great to have you on the program. >> some analysts on the street thought guidance was actually pretty conservative considering what happened. >> last year we grew almost 8% organically. the expectations are high for stryker. maria: you've got to come back soon. we love the story.
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it's an important story for america. >> thank you very. maria: we told you about the breaking news on boning. there's a revenue -- on boeing. there's a revenue miss. ashley: the questions surrounding the 737 max which has been grounded since two fatal crashes. earnings per share coming in at $3.16, right on the money with estimates. the revenue, $22.92 billion, the estimate was $22.98 billion. so just a hair short on the revenue. but of course the big question is, what's going on with the 737 max. boeing says it is making steady progress on a path to final certification for the software update. the fix for the 737 max. but it says because of that, it says due to the uncertainty of timing and conditions surrounding the return to service of the 737 max fleet, new guidance will be issued at a future date. so no guidance for the rest of the year until this issue with
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the 737 max has been sorted out and certified by the faa. one of the numbers that stands out, the backlog is at a healthy $487 billion for boeing. plane deliveries, announced earlier this month, we know has fallen from 149 -- to 149, from 238 in the previous quarter. and also deliveries of the first 737 falling to 89, that's a near a 50% drop from the fourth quarter. again, a very healthy backlog for boeing but they're not giving any guidance for the rest of the year until they can get this software fix certified and get the fleet back into the air. maria: meanwhile, caterpillar is a beat in terms of the caterpillar numbers, ashley. we want to look at that as well because the caterpillar revenue looks pretty strong and caterpillar is obviously an indicator of strong economic growth because you've china a big portion of this company's business and the cranes you see
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all over the world really has been lifting caterpillar. for a while, the company saw a real dry spot in terms of business. are things coming back? because the earnings are a miss at $2.84 a share but the revenue seems like it's better than expected. the stock is actually up. what's your take on caterpillar? ashley: a good, healthy report from first blush, maria. as you say, revenue coming in at $13.5 billion. the estimate, 13.4. so a nice beat on revenue. on the eps, $3.25 on an estimate of $2.85. so healthy beats on top and bottom lines. it says the company saying it continues to have a lot of confidence in the fundamentals of its diverse end markets. it's in many industries, construction, energy, transportation, machinery, you name it. we know that a slowdown in china has hurt caterpillar. but the numbers for the first quarter in line with the rest of the reports we've seen so far in
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the first quarter, perhaps better than expected although we always qualify that with expectations have been set much lower but that said, it seems like the headline numbers for caterpillar, pretty strong. >> i think it's important to note on caterpillar, actually, everyone's been focused on their earnings because a couple quarters ago they said they reached a high watermark when it came to earnings. that is what spooked the market especially in the industrial sector. but caterpillar has actually been doing well because of their mining division. we've been having to minor of these rare earth metals that are necessary for our cell phone as well as electric vehicles and we know that's where the consensus is going. caterpillar raised their guidance, their earnings guidance for the rest of the year, citing tax benefits. so they actually increased guidance because of the tax benefit that they're getting this year. maria: ashley? ashley: everything that's been said is absolutely true. i'm trying to dig through here on the resources industry, beating on the previous quarter,
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up 16%, construction industry is up slightly. energy and transportation up 18%. mining, energy and transportation, operating profit just a slight beat there. so overall, that's a good point, earlier caterpillar said perhaps suggesting they reached the high water point but apparently the first quarter here perhaps suggesting that the slowdown that we talked about around the world not really eating into the bottom line at caterpillar, stronger than expected. maria: we will leave it there. we'll come back to you as the news develops on earnings, ashley. the stock is up on caterpillar, up better than 1% on the beat on the revenue. but as you say, the earnings a little short there. turning to the brewing census battle, the supreme court signaling possible support for the trump administration's bid to include a citizenship status question on the upcoming 202 200 census. president trump said the american people deserve to know who is in the country.
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yesterday the supreme court took up the citizenship question. a really big deal. make america great again. joining us now, judge andrew napolitano. >> it is a really big deal for the government to enter your house an a and compel you to anr question you might not want to answer and the he refusal to answer to which may give the government false numbers, numbers that it's inh entitled . can the government ask you a question about your nationality or should the government ask that question if it knows it's not going to produce the right number. it's not an academic question. the number, the population determines congressional representation, votes in the electoral college, participation of the justice department in enforcing the voting rights act to say nothing of federal aid to cities which is population based. it does appear -- i agree with the president, it does appear as though this will split along idea logical lines with the five
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more consistent siev conservatis backing the administration and the four liberal ones resisting. the resistance is based on the basic principle that the first amendment which prohibits congress from interfering with the freedom of speech, also prohibits congress from compelling speech. the government can ask all the he questions it wants. you don't have to answer. dagen: how much can we read into, though, the questioning by the justices? is it usually a good indication of how they would decide or not? >> it is not. having done this, obviously not on that court, a court on the other end of the spectrum, a state trial court, you don't necessarily tip your hand. you often are probing to get an answer from a lawyer, either to help your preconceived idea of which way the case should go or to educate you, to ask a question about something that's not reflected in the documents.
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but it does seem to be, dagen, an i'an idealogical issue. >> they can ask the question, you don't have to answer it. so it could come to that. >> you're talking about the census or the justices -- >> the census. >> you have to answer the justices when you're a lawyer. [ laughter ] >> of course. >> like if work at mcdonald's, have you to answer the ceo. the law says you have to answer but the law is unconstitutional because it's confronted by the first amendment which says the government can't compel speech. the only speech the government can compel in this environment is the total number of people that live there. what's the source for that, that's in the constitution. >> got it. >> it's called theen nam the enn clause. it's a more contentious issue because the vast number of people who live in the country are not lawfully here. here's another thing the
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american public doesn't know. the census counts everybody, citizens, non-citizens, lawful non-citizens, unlawful non-p citizens. they all go into the population base that is part of the calculus for how many members of congress an area gets. dagen: allocation of government resources in terms of funding. i will say this, this is purely anecdotal. i was in the household survey that calculates the unemployment rate years ago. and it's done by the census bureau. and the census taker who initially showed up where i was living told me, she said we don't have a good count on the employed and unemployed among, say the latino population in the united states or even among chinese individuals who live, say, in major cities, because when they hear somebody from the census bureau showed up, she said they think i'm from the government and i'm there to basically for deportation purposes. >> that is a very typical reaction. it may not be a realistic fear,
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but it is a fear that a lot of people have. and if the supreme court rules in favor of the administration, they're going to get and under-count. people are not going to admit they're there, much less reveal their nationality or citizenship status. maria: we will leave it there. judge, great to see you. thank you so much. coming up, hitting the market, youtubeer choosing a company to handle its ipo. a former major league player sets a speed world golf record. all that coming up. stay with us. ♪ she was a big star where she sang karaoke every night. ♪ she said if you work hard to get where you are. ♪ heading into retirement you want to follow your passions
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maria: welcome back. nissan on track to earn, its alliance partner, renault -- renault and nissan are doing what. cheryl: nissan's profit expected to fall below renault's for the first time in a decade. this is disappointing news for nissan as it issues the second profit warning for the year that ended back in march. the company still struggling with falling sales. it is working to improve financial performance following the arrest of former chairman carlos ghosn on charges of financial misconduct. ghosn remains in jail after the fourth arrest. he continues to deny any wrongdoing but the business of renault and nissan continues and there's been interesting, intriguing things changing
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there. now let's talk about uber. they're taking another major step towards going public. the wall street journal says it's chosen citadel securities to manage the ipo on the new york stock exchange. they are expected to go public sometime in the month of may, aiming to raise $10 billion which could give the company a valuation of as much as $100 billion. you can imagine what the ticker is. it's uber. a major win for netflix. the academy of motion picture arts and sciences voted not to change its oscar eligibility rules. the decision follows a fight, big one, over how long the movie must play on the big screen of before launching on the internet or other mediums. the existing rules say that a movie must run in the he theater for just seven days to qualify. the vote is a setback for steven spielberg who led the charge to block films primarily distributed odiscontribute onlim
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competing. in an e-mail, he said, quote, i want to see the survival of movie theaters. i want the theatrical experience to remain relevant in our culture. all right. how many holes of golf do you think you can play in one day? former major league baseball player eric byrnes set the guinness world record yesterday for speed golf. he played 420 holes at the ocean course near his home in half moon bay, call important y he c. he broke the record at 402. he raised awareness for the let them play foundation. so there's a charity angle in all of this. it's also some fun golf we got to watch. maria: we like that. cheryl, thank you. starting small businesses, the ceo whose company helps budding entrepreneurs get off the ground, that's next. stay with us. ♪ i've got the brains. ♪ you've got the looks. ♪ let's make lots of money.
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♪ i'll be taking care of business. ♪ every day. ♪ taking care of business. ♪ every way. maria: welcome back. if you need help getting your products out there, the grommet may be for you. the company has helped over 3,000 entrepreneurs get products made, discovered and in some cases turned into major players. joining us now is the grommet co-founder and ceo, jules pierre. you brought products we want to talk about. tell us how you do this? how do you enable entrepreneurs to get their products out there. >> there's amazing products coming out of small businesses, truly innovative products. the hard problem is finding an
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audience and credible. this is a busy world. we look at 300 products a week and we launch six and we have a massive audience of 3 million, interested, curious people. question make markets for new products every day. maria: how do you identify what's going to be effective and what's quality? >> well, we take in 20 or 30 samples a week and try them out. we can see if a problem solver is interesting and doing something different than we've seen before. we want to see if it's undiscovered. we dive in and make sure they're delivering. maria: what have you got there, dagen? dagen: i already smacked myself in the mouth with this one. >> this is true balance, a company out of texas, originally out of denmark. the product is a balance toy, originally invented for people who had brain injuries and now for all. and it comes in different sizes. you have the beginner version. so -- maria: why is this helpful for
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someone with brain injuries? >> you're trying to get that eye, hand coordination reconnected. your eyes are telling you what's happening. your hand is creating that success or not. dagen: it's a huge hurdle, even like crossword puzzles would be another way. this is fascinating to know what you can do this with for therapy. >> i have it in my office for moments that i need to not do what i'm doing. >> what are the main ideas people should take away? you came out with a book yesterday. >> i did. >> what is the key take-away we should get from this book? >> these folks who are creating these products, at least in our experience, 10% of them have any experience bringing a product to market. they're teachers, they're plumbers, doctors, dentists. so they need everything and they're great at innovating the product but the business skills or the business knowledge logistics, packaging, financing. >> legal. >> legal, right. so when i think about sort of
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the three power moves that i want them to know before they even start -- maria: those tips. >> those tips. i want your audience, if you have a product like don't miss this, first of all, when you're creating your company, name your company after your vision, not your first product. a lot of people name it after the product. p think about originally task rabbit was named run my errand. and they had to do a expensive rebranding because the vision was bigger than picking up dog food. so that's number one. number two, i.p. if there's one thing that fail these companies, it's -- that becomes very discouraging if at the very beginning they haven't protected their trademarks, getting designer you'd l tilt us ents as much as possible, -- patents as much as possible. super important. you want to know you have a viable product and a good rule of thumb is if you can see you can produce a product for one-fifth of the ultimate retail price, if you can see that happening with scale, you
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probably have a viable product. as long as you're going after a big market. you can't do that for a small market. maria: i love it. i like this one, the smart lock. >> i have that in my home. what that is -- maria: go ahead, real quick. >> what that is, you can program with an app who can come in your home. ♪
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(vo) i know what you're thinking. electric, it's not for you. and, you're probably right. electric just doesn't have enough range. it will never survive the winter. charging stations? good luck finding one of those. so, maybe an electric car isn't for you after all. or, is it? ♪ dear tech, let's talk. we have a pretty good relationship. you've done a lot of good for the world. but i feel like you have the potential to do so much more. can we build ai without bias? how do we bake security into everything we do? we need tech that helps people understand each other. that understands my business. we've got some work to do. and we need your help. we need your support. let's expect more from technology. let's put smart to work. ♪ ♪
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maria: welcome back. good wednesday morning. i'm maria bartiromo. wednesday, april 24 top stories right now 8:00 a.m. on the east coast, earnings in focus this morning, for dow components reporting boeing up caterpillar double beat, as well take a look at the stock, boeing shares up better than 1% caterpillar shares up a fraction, at&t shares we talked earlier a miss down one and a quarter percent microsoft facebook tesla report er quarterly numbers, following the big rally dow industrials up 145 points s&p 500 up 25, and is it nasdaq up 105 points one and a third percent, this morning momentum
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continues, at least a bit for the dow up 34 points dow industrials dow futures gain s&p futures down fraction, agency nasdaq futures in europe indices mixed ft 100 down 37 cac quarante in paris down 15 dax in germany un80 points in, asia overnight, stocks not following through from that big rally on wrote a yesterday over shanghai composite tweaks out gain others lower. >> china trade talks are resuming, on april 30th, secretary treasury of the treasury mnuchin and robert lighthizer traveling to beijing 30th to resume another round of talks, twitter at the white house yesterday, ceo jack dorsey meeting with president as his stock sturjz following strong earnings, stories coming up wednesday morning joining me to break it down fox business network dagen mcdowell, benchmark managing partner kevin kelley former mcdonald's usa ceo dave's ceo fat brands international chairman ed renesy here you have a lot of
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titles. >> busy boy. >> ring fast food for your entire career, what have you learned doing this. >> well american people are wonderful we've got a lot of great franchisees out there work hard every day, reply huge examine number train entry workers, a educate journ confidence in future of this country political stuff, and economic stuff, by the bye people are great strength. >> it is true. >> i complete agree, one of the things that has impacted actually some of the franchisees that we've seen is the rising input cost of labor we have seen actually this whole push across the country, with the national minimum wage hurting some of these actually companies, we have seen especially in new york city where there is great entrepreneurs that have greet restaurant brands here but they can't -- they can't compete with the rising cost of labor now a federally
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mandates miniwage new york has minimum wage that hurt. >> the other day i entered jamie dimon he raised minimum wage to $18 bank of america raised to $18 with plans to go to $20 i said do you worry about small businesses when you are raising, levels that much, some small businesspeople tell me if i am going to have to pay that minimum wage i have to fire people isn't that right in the reality of it is the restaurant industry in particular has a lot of unskilled labor. and if they have the labor component jamie dimon had labor component 33%, of sales, he wouldn't be raising his wages like he does he has a much smaller labor component than small businesses do. and it is getting very -- dangerous in new york seattle like that infrastructure process already out of sight with real estate taxes regulations, trash pickup add in another 20, 30% labor costs, you are going to put people out of business going to start seeing more and more
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off-site, kitchens doing delivery, and going to be a drop in a number of employees at entry level. >> posture point to make, meteorology we are going to keep following that our top story this hour is fallout from mueller report hillary clinton speaking out against the special counsel decision not to indict the president blake burman live at the white house with the very latest there blake good morning. reporter: good morning to you as well hillary clinton saying if in i other person, they would have been indicted for obstruction of justice. the 2016 presidential candidate speaking yesterday, during a question and answer session at the time 100 summit did note how the guidance regarding indictments doesn't apply to sitting presidents. >> now, you know as i read it basically what i thought it was saying is look, we i think he obstructed justice 11 examples where why we think obstructed just we're under
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control of justice department their rule you can't indict. >> rudy giuliani laughed that off this morning, points the finger light back at clinton. >> the president trump didn't delete 33,000 e-mails, he didn't have, didn't have somebody bust up his phone, with a hammer. and didn't bleachbit what organized criminalize do, and terrorists you lander money, they didn't bleachbit the server she did -- she did what are called obstructive acts. >> the white house has announced the next steps of trade talks, with china, the treasury secretary mnuchin the u.s. trade representative robert lighthizer head to china next week to resume talks. of course, leads chinese side, and the chinese delegation will return over here, at least scheduled to following week after that first week of may. maria: blank thank you so much blake burman latest, president trump not shy about economic successes, how media is reacting tweeting you i mean the stock market hit
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all-time high today and they are actually talk impeachment? will i ever be given credit for anything by the fake news media or rad carolina liberal dems no conclusion president writes exclusive fox business interview former presidential candidate herman cain thanks so much for joining us. >> thank you, maria. maria: breaking news, of course, you are tapped by president nominated for a spot on federal reserve board you have pulled your consideration back, declining that, what led to the decision herman why did you do that? >> after i looked at all the factors involved took about a month collected all the information, the straw that broke the camel's back was a discussion that i had with two administration staffers who told me all the things that i could not do, if i became a federal reserve board governor i would not run business could not procedure business interests i had tobin in political i had to about politically correct anything i said or be any one partisan, that is like picking a races
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hours putting in stable not letting him run did not fit with who i am one of the biggest reasons one of the other biggest reasons was that today, the new board ceo i have maximum flexibility for what i say what i said, who i criticized i can be as partisan as i want to, but if i am a federal reserve board governor all of that goes away and i have very, very, very eliminated flexibility. maria: you know. >> those were two main reasons. >> you said, look this is a big pay cut, obviously, there is that. and you have been saying that recently, then you know your nomination led to this big debate about o who should sit on federal reserve board one ally of president trump, and has business experience, like yourself, but no federal well you were on fed board a lot of people said brought real activity real business sense
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having run business in the past, so you are giving a practical sense rather than academic sense on the board what was your take on the whole debate that ensued as a result of the president naming you? >> first of all, i know how to be independent, i understand the independence of the federal reserve bored. that wasn't an issue in my mind it was only an issue in the minds of those who did not like my profile when it came to me being on that board, secondly, you are absolutely right, compensation was a factor but i am going to try to work around the compensation gap if i could continue to pursue my business interests. but when i was told that i i couldn't procure business interests and we had this conversation gap, that was the real problem. but i understand independence i think and here is one other one other story out there that some people were talking up and that is i am not a qualified. well they don't know me maria. they haven't looked at my background they don't know my
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background goes back where i started out as analyst, i have done a lot of different things, not counting being on federal reserve board kansas city and being chairman of that board and they don't count that as experience? they didn't want someone on the board that has a broader view of business and a broader view of the impact of the policies the things that the fed would do, because i would have brought that perspective to the federal reserve boards of governors but it didn't happen i respect the president for respecting my wishes, and withdrawing my name from nomination because i would rather continue to have this infinite flexibility that i have to be able to tell people the truth. maria: yes. >> to be proponent for capitalism, tell people the truth about the dangers of socialism. >> the other issue, is this comes at a time that the president was -- was still, pretty much bashing the federal reserve, right herman? i mean the president he was right you know, the end of last year calling fed loco
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crazy, because, they were on autopiloting raising rates winding down balance sleet in retrospect the federal reserve did see, that they were actually on autopilot it was a mistake, so they pivoted changesed stance the fact that the president was pretty much bashing the federal reserve, jay powell, the same time period, that nominating you an ally, created room for the his detractors to say you know this guy is in a qualified, you know what this is more for president to undermine federal reserve was there a little of that in there. >> there was a lot of that in there they didn't know what they were talking about let's go book to moves federal reserve made end of last we are yoe he noticed a slowdown in january,february, february and early march, of moves they are saying -- big thing fed did for 2019, they are going to be patient. good! i hope they remain patient. look at this stock market what it did yesterday.
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it will result the patience of the federal reserve. now i would hope they don't get nervous and i hope they remain patient rest of 2019, i also hope when i was going to bring to federal reserve board they look at variables other than wage increases to determine whether or not they believe that the economy is overheating, so this year if they stay with that patience, that is gonews good news for market good news for businesses good news for filing reports going into 2020 i hope they don't get nervous starts doing some things like they did last year in 2019. maria: you wrote this in journal last week basically saying federal reserve has had all academics on fed board the academicsing are not getting hands dirty working the way you are that is why they made mistakes you think as recall thes of having all xhekz on fed that is why maybe they missed ma was on the ground in any in economy end of last year were on autopilot as far as the unwinding balance sheet
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raising rates? >> yes. and as you said earlier, the mere fact that i was being considered, has raised the discussion about fed policy and the prospective i don't see on fed,is that if you change a fed rate, it impacts all the banks, and then the banks pass it on to consumers, people want to make loans people have fixed rate loans people had been variable rate loans, businesses determine their business plans based on the cost of capital. maria: right. >> the cost of cash flow that is the he perspective, that i would have brought because i have been there, i have seen it from being on corporate boards i have seen from it being a ceo, and it is just to say wait a minute did you consider this? that is how i would have approached the job, and that i believe is the what motivated president and larry kudlow to consider someone like me because of extensive very brewed business perspective, in terms of making a decision that the fed makes. maria: what are your -- what
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are your feelings now, about where we are in the economy, what the fed's next move should be? if you you were on federal reserve board what would you be recommending saying pat cutting interest rates how strong is the economy right now what does it mean? >> i would be recommending that they remain patient. they already made that decision. >> yeah. >> don't get nervous, remain patient, for the first six months of this year, and evaluate the results. we are still on a roll when it comes to the markets, prosperity growth, let's see what happens in the first part of the year. maria: yeah let's see what happens in the first part of the year herman also going into 2020, because you've got an economy that a lot of people are questioning, just at time when economy is most important for the president's reelection now we know former vice president joe biden expected to announce tomorrow the forgiving battle heating up republican donors ignored
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president trump in '17 are apparently ready to go all in to get him reelected, he has a donor, backdrop here, that is quite strong, as he continues raising money, what are your thoughts about the field you've got biden coming in bernie sanders saying yeah, anybody should be able to vote if you are american, even if you are are a murderer, he even if you are boston bomber. >> bernie sanders has been criticized for a lot of things. and i think this thing about letting felons criminalize he bombers vote categorize as purely crazy that is a crazy idea now as far as biden coming in come on in, join the party. they have got nearly 20 people ring, but here is the thing. the democrats are going to try to get the into the chamber to try to influence the fed to raise rates when they may not need to raise rates, because they do not like about this prosperity they do not like the records that the stock market is setting they do not
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like that! they don't talk about it, and they don't like it and they are going to try to put some noise pressure on fed the end of the year. >> great to see you this morning thanks so much herman cain. >> big week for earnings more coming up back in a minute. 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. ( ♪ )
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>> futures this morning solidly plus column to look dow industrials right now up 40 points nasdaq up 6 and a quarter, we had a mingled performance earlier the earnings coming out have been largely better than expected comesat s&p 500 nasdaq closing in record territory yesterday first time this year, dow closing 2019 high, boeing on track to add 37 points to the dow industrials the opening bell gerri willis on the interior of new york stock exchange with earnings news boeing, of course, did have big news this morning, also, mulling back its guidance for the year, gerri. reporter: that is right, the big headlined on boeing eps coming in as expected 3.16.
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we've got a slight beat here on revenue 22.92 i'm sorry slight miss 22.92 versus 22.98, as you can see, right here they expect new guidance coming on results they told analysts yesterday, they are going to take a one billion dollar hid on the 737 max software higher production expected result of 737 max, so also, looking at caterpillar missed by a penny light by penny 2.84 versus 2.85 lower here revenue beat 13.5 billion versus 13.4 billion pretty darn good reports of shores slightly lowe lots of techat the bell microsoft,facebook testia microsoft higher by a half percent this morning, we are expecting eps a dollar a share revenue, 29.84 billion is really cloud computing that is the story as you already
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know facebook up half a percent as i said enterprise 1.63 would be down from last year 3.8% revenue 14.98 billion we are going to be looking at user growth when it comes to facebook the big focus, tesla expecting a lot of 69 cents a share revenue up 5.19 billion, about could be interesting lots of skepticism yesterday, here on the trading floor, at the company was talking about this robo tax idea they want to float a lot of people down here very skeptical about that, neenl headlines today about auto tech company, getting a 500-million-dollar investment from ford. back to you maria. maria: gerri thank you so much semicon duckers texas instruments with news. >> you are seeing texas instruments trade down premarket actually talking about, there may not be a chip
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demand, going forward, because the recovery hasn't taken hold so you are seeing it come across onboard not good for technology. maria: that surprises me given 5g on the horizon a short break texas instruments could be big highlight today on the downside next. jardiance asks...
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. >> welcome back dorsey goes to washington, twitter ceo jack dorsey met parietal with president trump at the white house yesterday earlier in the day twitter reported strong earnings sending stock sooing, we have more details jackie welcome to the fox business network. >> thank you so much so glad to be here. >> great to see you. >> your first appearance we are happy on "mornings with maria". >> i am too. >> welcome to the network happy you are here. >> as you mentioned twitter big, big story the earnings, of course, stellar the stock jumping more than 5%
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yesterday's session one piece of the story but what about this meeting, the president tweeting a photo with it great meeting this afternoon at the white house, with jack from at twitter, lots subjects discussed regarding. mr. and world of social media in general look forward to keeping an open dialogue, but the twitter conversation started earlier in the day, guys started here on this show, president trump quoting, from appearing on your show maria, the president quoting, i saying the best thing to ever happen to twitter is donald trump then president went on to criticize social media giant not the treating him as well as republicans saying practices discriminatory hard to sign on facing ploil gins people constantly taken off follower list concerns reportedly addressed at meeting in a statement twitter spokesperson said jack had a constructive meeting with the president of the united states, today, the president's
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invitation discussed twitter commitment, to present things of health public conversation ahead of the 2020 u.s. elections efforts under way to respond to opioid crisis, also reported dorsey e-mail he realizes he maybe criticized for meeting with president that quote is important to meet heads of state in order to listen share principles ideas coming at this as behe businessman even if not necessarily on same page want to have this conversation with him let him know that o his needs the rest of the needs of americans people using twitter are being addressed here, obviously, the president whether you love him or hate him you can say changed this platform in terms of how using it. maria: sure has but i think there are also questions, about -- about social media, and what who are not their sensoring conservative views whether or not they are not telling whole story comoog searches is one there is some truth google searched one there is instituted what do you think. >> i use facebook all the time
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communicate with family friends others, i have been taken down tw or three times case statements i have made about political issues. and i find that offensive but i think the communication we have today the way communicating i think is very important, and i think there is an important lesson here, have dialogue have discussions get face-to-face democrats ought to learn that combating each other is not good -- jack dorsey did meeting the president known to say jack dorsey specifically said he sees twitter as people's nice network pnn, talked about that, one of the interesting aspects about twitter that a lot of people want to fixing that is there is no edit button always so people are deleting things, so there are some things that -- >> they need edit button. dagen: i posted tweet other day after we had alisa on the boot maker i referred to book maker. and not boot maker i didn't -- you couldn't. maria: you couldn't edit it. maria: instagram you can
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edit. dagen: exactly. >> one of the arguments, too made about that. >> facebook i can edit stuff, out the post -- >> the thing also that is where earnings picture jack dorsey saying after reporting blowout numbers as well this is a company that had a market cap yesterday with stock increase, of 30 billion dollars, huge company, and he also said that they were open to exploring regulation open to communicateing with lawmakers to try to make the platform a little bit more fair so it seems like, you know, in light of what happened at facebook, conversation is moving forward. dagen: going for a "game of thrones" halo looks like -- >> [laughter]. maria: yeah. >> well it is it is. >> what is he doing with this. >> going down this route also, one of the stories about him he takes ice back does hour meditation every day. maria: walk five miles to work, takes an hour. >> but runs another publicly
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traded company, just fascinating in enigma wrapped in quagmire stick in conundrum. >> seems like hill disciplined sort of rememberingmen what he is doing in personal life helped him be a better ceo. >> i like that. >> you don't like that. >> i don't like that? >> -- four meals a day -- >> the [laughter] >> first -- >> jackie has joined the fox business network, family, [applause] yea. >> we know you love to golf, and we know you love to travel, of course, with your family. >> wow. >> golf course. >> one of my recent hobies picked up very por at that time me who golf on weekends this summer i love to travel that was me, just before the arab spring in egypt with girlfriend of mine traveling reporting there, in tissuingy blue mosque travel very, very important one of the reasons i love my job, that is a shot of
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me in black island rhode island getting the shot of wind farm you can't see i will do anything to get the live shot, anything. >>, of course, a picture of my mom love family love mom so supportive, great person. >> no i -- maeb of our family. >>. dagen: i think you will find the people are supportive of one another on the air, and off the air, right here. >> exactly. >> thank you so much, coming up amazon on move this morning technology giant relocateing thousands the stock trades up a quarter percent mill adams make more than general xers feeling the pinch coming up right here back in a minute. >> i want to get away ♪ ♪ i want to fly away ♪ ♪ yeah, yeah ♪ key portfolio events. all in one place.
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maria: welcome back. good wednesday morning. thanks so much for joining us. i'm maria bartiromo.
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it is wednesday, april 24, top stories right now 8:33 a.m. on the east coast, earnings in focus, four dow components reporting boeing up in premarket, 37 points to yogsios this morning, dropped as, as you can see, one and one half percent caterpillar lower beat profit expectations raised forecast, the revenue was the issue, and it is down 1.8% revenue miss there at&t out with revenue miss, as you can see, the stock down two and a quarter% later technology giant microsoft, facebook, tesla will report, this following a pretty good rally in fact at a record-setter yesterday on wall street dow industrials up 145 points new high for 2019 s&p 500 all-time high, nasdaq was up to a record up 105 points two record highs s&p and nasdaq futures this morning show the momentum, will continue take a look dow industrials up 30 points right now, s&p 500 up half a point, nasdaq up 3 3/4 in europe this
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morning, european indices mixed mostly lower f100 down 4 cac quarante paris down 20 the dax up 71 in germany theresa may ignoring u.s. pressure loying huawei to supply some parts for the 5g network in uk we are watching that this morning and asia overnight, we did not see much follow-through from big rally on wall street, shanghai composite squeaked out a gain others lower millennial and their millennials and money they are shelling out big bucks on dining, despite making more money than gen xers still in deep kent top story this half an hour, amazon to close major real estate deal in home town of bellevue washington, just few miles away from current headquarters in seattle, robert gray live in seattle this morning with more on that good morning to you. >> hey. good morning that is right part of the story unfolding here standing in downtown seattle literally staipdz away from king county courthouse, homeless en camperments over
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my shoulders increasingly common we have a dichotomy with economy am obamal amazon microsoft starbucks in and around seattle i mentioned has been competition great for will employees that is sending housing consorts skyrocketing rent prices higher spike in headlinesness wages not keeping pace across the board up 50% ten years king county a billion dollars a year to combat crisis amazon you he said mentioning moving thousands of jobs to nearby bellevue, this not long after the city council short-lived head tax on businesses to help fund crisis that was overturned quigs the situation in tenable not homeless population in general we should say, they say it is the threat to livelihoods some cases lives, coming from growing group of transient have aing rants trashing streets avalanching small business harassing employees
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and consumers. >> has become like i said free atel anybody can come here get free stuff, they can get taken care of do whatever they want, but as a law-abiding business owner, there is a double standard. and we are becoming the city of enablers. >> she said she was attacked by motor home squatter pit bull he she called police to look into suspicious activity outside business the dog sicked on her not alone calling outs lack of endorsement accountability by city officials. >> we have rising property crime rates, we have the rising number of people on streets rising opioid addiction, and the city of seattle the political leadership has been caught flat-footed they have no response probables getting worse people starting to get fed up. reporter: we mention that city council members declined interviews to come talk to fox business, this should be hot
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topic it is election year seven of nine seattle city council seats up for grabs this year back to you. maria: big story robert thanks so much in seattle this morning joining us right now washington state senator higher education workforce development committee member doug ericsson sir good to have you on program thanks so much for being here. >> hey. good morning great to be with you. >> what do you say about all these issues. >> i think they hit it pretty much on the headed head every field policy that made car being a kass the as it it is day has become fashionable in seattle. >> some businesses are starting to vote with feet communicate more vocally than in past amazon best capital starting to move the jobs out. maria: doug. >> o doug where are jobs going to neighborhoods are they going to neighboring cities giving services in or do they
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not need to give center of these. >> i don't think incentives we have bellevue more business friendly city council womaning jobs working with them, you have city council members in seattle leading protests in front of zan houshdz city council members saying they need to fosts boeing to stop making airplanes make them start making electric buses to serve masses, the other big problem here is tax issues head tax seattle pushing income tax washington state blessed we don't have income tax statewide, seattle is pushing a city only income tax on businesses. they recently tried to put the in place a property tax for day care, day care is great way funding great property tax on businesses isn't the way get it done i think people also mention what is going on with homelessness i will say caught left-footed seattle city council plaernlt pushing policy to say won't enforce drug lace welcoming criminal homeless to come to seattle also serves as illegal harbor,
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sanctuary city for people coming do the opportune to the country illegally companies saying they want to come here i think seattle can be made great we have to start enforcing laws cleanup things, and realize that the tax structure trying to put in place isn't going to be good for seattle or washington. >> you know, i am seeing across united states, right now you look at, bolder colorado denver, colorado l.a. i travel to l.a. all the time same set of problems high taxes, goofy regulations on nothing of drug laws legalization of marijuana a lot of ways contributing to this watch out what happens in major cities you yot tax into prosperity don't solve becoming more lenient too leapt with so much enabling people to live on dole we should bring them up elevate hymn help them get skills so they can take care of themselves instead of being on
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public dole. dagen: i find it perplexing outrageous to expect as taxpayer in a major city, to expect clean streets. and to expect not having not having to see people essentially reefing themselves in front of your home every day, this is i say this from experimental experience a huge problem in new york city getting out of control, because there has been basically zero enforcement what they call life -- quality of life crimes in the city in recent years. >> when i walked over here from the hotel i passed 13 people laying on the sidewalk asleep. i don't think that is the first choice circumstances have put them there, we need to do something about that, as a society and deposit hgovernme to fix. >> it state senator on air doug ericsson giving us issues can you do anything about it? >> we have to find ways to do things about it in washington
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state. and just to echo some comments, in seattle washington right now, the law enforcement will write a ticket for jaywalking you cannot have a about plastic straw in seattle the city council is telling law enforcement you can't write a ticket or a relevant somebody for shooting heroin on street that is what it has come to weeks fix it enforcing our drug laws we can fix it by, not having sanctuary cities we can fix it by saying we're not going to tax companies out of seattle it is a true conundrum here a boom city also a city that is dying get a drip. dagen: it is not conundrum in new york city where getting ready to impose a congestion tax on anybody driving into center manhattan won't write tickets for people riding motorized bicycles skateboards on city sidewalks, tickets for that they are fines for honking there are fines for standing on grass, in a public -- in a public park and the city will not write tickets, a
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huge revenue source, just sitting out there, to improve quality of life for everybody but it doesn't happen. >> yep. maria: doug we watch the situation what you can do to change the narrative there, because people are going to be moving out i assume, to better tax states. >> is that what you are seeing already. >> people are moving out, we are seeing different parts of washington state moving out too we are losing jobs, to montana wyoming utah nevada people are fleeing i think what we need i think a lot of cities need a rudy giuliani mayor coming in cleaning things up i think people of seattle are starting to wake up like that a person like that wants to come clean it up would have a good chance seattle in upcoming year washington state statewide. >> i spoke with withdrewed rood this morning he basically went through some of the things he i did clean up new york when mary, with mayor,
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doug good to see you thanks very much coming up a royal inoversight president trump preparing for state visit to the uk this june. where he will meet with queen elizabeth stuart varney will weigh in a study shows millennials make more than gen xers, but still feeling the pinch. next. makes it beautiful. state of the art technology makes it brilliant. the visionary lexus nx. lease the 2019 nx 300 for $359 a month for 36 months. experience amazing at your lexus dealer.
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better not insult him president trump is not wildly particular in britain brits need us far more than we need them. there is not about d-day this is about a trade agreement between united states, and the united kingdom, that is what this royal visit is hundreds of thousands will be out there probably roadwayoting venting hatred of president trump bad motive, the speaker of the house of commons may not invite trump to speak at address parliament the way president obama did, if he is refused an invitation to speak to parliament that is an insult this carriage ride redbrick road leads to buckingham palace president trump wants that open carriage ride with queen if he doesn't get it an insult my advice to
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brits rein hatred do not bite the hand that needs you you need us. maria: they need a trade deal with u.s. >> yes a mess of brexit, standing alone they need us, again. maria: for sure we will watch that thanks very much see you he 10 minutes "varney & company" beginnings top of the hour after "mornings with maria" join stuart top of the hour, coming up millennials and money survey shows they are making the bank but not necessarily keeping it, straight ahead. ♪ ♪ ♪ ♪ rather than worry about how to pay for long-term care.
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maria: welcome back now this millennials record debt will spend more on food than anybody, in a decade, lauren simonetti with details there.
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>> oh, boy just for millennials, trillion dollars in debt obviously, student debt obviously, mortgage death mostly student debt that is a problem, and because of that problem they are actually i know they spend 5,000 dollars on vacations all these crazy things but as actually a little bit -- if you look at numbers, how much they make, income before taxes for this generation about 56,000 dollars. i want to show you how much they spend 47 thousand dollars of that coming in going out, they make room to spend on food millennials other generations particularly millennials attached to to 6154 dollars a year expected according to new report, to go up, drastically next dedicating could change, retail landscape as we know it because cautious dining restaurants confined of got crushed lately as millennials get older have families might
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go back to them, all these new food concept type places you know about this. maria: wait a second. >> expert on fast food and restaurants right here with us, former ceo mcdonald's usa chairman fat brands what do you think. >> i think absolutely true seeing more menu development, being aimed at young strz want new interesting foods from different parts of the world different textures, a really excited time, if you are in menu development business, because also scary, skraus flighty they love today hate tomorrow move a lot want specialty beverages genre of food ice cream with alcohol in it. >> o delivery -- >> right, alcohol in it funny. >> o delivery becoming huge issue i look at some companies know more about our consumers
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than we do a big change the way that operates people don't complain because convenience so high. >> you said earlier, what that -- i said millennials dominate generation for food and brefrpg spending next 10 years one of the reasons why they want spern experiential fights delivery food a great array of products you can eat order from, you've got museum of ice cream things like that you need to compels consumer to visit you one way through food and beverage experiential some centers are doing well some aren't, so that -- millennials, are certain everyone targeting going down to general gen z spends time in malcommand 40% overall consumer spending next five years completely underserved. >> wife and i go to a they are
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being has full menu in theatre, best fiscal ops in the world i am oldest guy in the joint, the age is 30 years old. >> if whole theatre. >> thank you we'll be right back. metastatic breast cancer is relentless, but i was relentless first. relentless about learning the first song we ever danced to. about teaching him to put others first. about helping her raise her first child. and when i was first diagnosed, my choice was everyday verzenio. it's the only one of its kind that can be taken every day. it gives us more time without cancer progressing. verzenio is the only cdk4 & 6 inhibitor approved with hormonal therapy that can be taken every day for postmenopausal women with hr+, her2- mbc.
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maria: welcome back. final thoughts from this all-star panel. >> and focused on the advice there were no microsoft will do really well because of the cloud business and i'm focused on the summit report. maria: semiconductors you think we'll see - >> texas instruments is whether about what's going forward. maria: ed. >> i love being american and greatest country in the world but i wish the democrats would wise up and have an intelligent dialogue about the future of this country because we can't be combative and be successful. maria: amen to that. they can. >> i think will see that the candidates maybe joe biden as
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they get ready to declare his candidacy and it's about hope and coming together as a nation and not so incendiary. maria: i thought rudy giuliani and they make great points and we will do it again to margaret have a great day. stuart, take away. >> morning. another day and another rally for the market. what a year. what a presidency. donald j trump won the election and the value of all stocks have gone up by $9.4 trillion. look at this. already at record highs for the s&p and nasdaq close to a record for the dow going up a little bit on the dow, little bit on the nasdaq when the opening bell rings this wednesday morning but this latest run-up that has been strong has been fired by profits that are coming in strong. boeing reported this morning it is up as we speak -

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