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tv   Mornings With Maria Bartiromo  FOX Business  October 11, 2019 6:00am-9:00am EDT

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china's top negotiator to the white house today. take a looker, dow industrials, up 235 points, s&p 500 up 26 and nasdaq up 85 points this morning, the new fallout this morning from the nba hong kong controversy, the league apologizing after shutting down a reporter for trying to ask players about the attention and golden state steve kerr deflecting to america, mornings with maria begins right now. ♪ maria: big show this morning, joining the conversation fox business dagen mcdowell, founder and ceo and chief investment strategist nancy. good to see everybody. we have a lot to talk about. >> 3 hours just on the rally last night. [laughter] dagen: on president trump rally.
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he hit everything and anybody, go ahead. maria: quite the scene inside and outside the rally, of course, breaking news this morning, oil prices, markets are moving this morning after missiles hit and iranian oil tanker, saudi port city of jetta overnight, iran state media, leaking crude into red sea, iran says the situation is under control now, the ship crew is safe, key shipping route for global oil industry, let's talk about that, here oil prices up and 3 quarters percent, reaction here. >> look, this is just an isolation of tensions, we don't neglect that, it's unconfirmed. they'll be a marginal strike in prices. >> that's right, we saw that attack on saudi oil field, we got spike up in prices but it didn't sustain, so i don't see this being -- i think this continues, but i don't see it as
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being sustainable higher earning. maria: in terms of resilience of the u.s. given the supply that's coming out of america right now. dagen: as long as i've been wearing a microphone and makeup sitting in front of a camera i talked about importance of gaining energy independence and developing our energy sector, it's our national security, we are not reliant on nation that is hate us to provide us with oil, petroleum products but also gives us leverage on the world stage that we don't have to kowtow to the nations. i think about iran, state sponsor of terror, what's interesting is -- i know nancy can talk about the strength of the american consumer, what's important to note gasoline prices are up a little bit from a year ago, national average is 2.64 a gallon, that's much lower than they were a year ago.
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2.91 a gallon one year ago, so the drop in gas prices or the average driver is important to give consumer plans here. >> ban fracking? [laughter] maria: the u.s. has not and president trump's policy has opened up making us stronger to be able to withstand things like that because of supply coming out of the united states. dagen: bernie sanders come up in favor of banning fracking, he wants all vehicles on the road from renewable fuels, that would mean, how are you going to basically generate electricity if you ban fracking or electric cars. >> electric car sales are going down dramatically in china.
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maria: a lot of questions, by the way. one comment on the economy and the whole democratic debate which is incredible. dagen: how are you going to destroy literally millions of jobs in the country and have an economy that still continues to grow and thrive and what does this do for our national security? maybe next week. >> all right. maria: next democratic debate on stage will, of course, be following that. industrials up 250 points right now, 1%, s&p up 28 and nasdaq up 87, china saying it's getting rid of foreign ownership limit of finance firms between january and april of 2020, that's when the law will go into effect, president trump meeting with beijing's top negotiator later today at the white house, the president sounded optimistic yesterday, watch. >> we just completed a negotiation with china, we have done very well, we are having
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another one tomorrow, i'm meeting meeting with the vice premier over@white house and i think it's going really well i will say, it's going really well. i'm dealing with china right now, they're in washington, we will see if they want to make a deal, we will determine whether or not we want to make it. maria: rally last night in minnesota, a lot happening there, nancy, your reaction to where we stand, of course, it's all speculation, all behind closed doors, the president keeps talking about big-ticket items, do you think we will get a deal? >> i think we will get a deal like, i don't think he can deal with the intellectual property in the environment, i don't think the chinese will let the president win on that. i'm constantly astonished that the market reacts in short-term, it tells me that the algorithms are running the show in the near term, i don't know what really well means until we hear what the terms of the deal are.
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i'm glad he's optimistic. >> just to make a more macro point, though, what we are starting to realize as a society unless you're a hedge, enfettered globalization may not be the best policy subscription, but as we see now and you have a riding -- rising power like china there's concerns as well as infringements of our freedoms. maria: that's what president trump did, he totally turned it upside down where as the global story and global lists are running the world and he came and started putting focus on domestic economy. president trump sounded on whistleblower controversy, the president weighed in on washington examiner report that the whistleblower had worked with joe biden, the president also commented on the former vice president, watch this.
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>> your father was never considered smart, he was never considered a good senator. he was only a good vice president because he understood how to kiss barack obama's ass. the bidens got rich and that is substantiated while america got robbed, that's what happened. in a brand-new report just came out as i'm walking on the stage, hard to believe actually, but turns out that joe biden was vice president, he worked with the so-called whistleblower. this is nothing but a partisan witch hunt sabotaged and i'm sure they're going to say totally unsubstantiated. maria: so for the last couple of weeks, ever since the news broke
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we have been wondering who the whistleblower is and there were speculation that he or she had been working with one of the democratic candidates, now we understand from the washington examiner that 2020 democratic candidate with whom the cia whistleblower had the professional tie with is joe biden, but he worked were the nsa and was directed at the white house and worked with then vice president joe biden, your reaction. dagen: i encourage people to read every word of the story, there's absolutely no doubt that this individual would have been working with biden when he was vice president. former trump administration official speaking on condition and foreign affairs brought him close proximity of the whistleblower but this doesn't really get to the point of if there was genuine closeness with vice president biden to what --
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what was this relationship like for some background and color on this, the cia briefer that gives potus and the vice president intel briefing would not necessarily develop a relationship beyond the white house situation room, intel briefers don't get one-on-one time, even if they traveled with them they wouldn't get more access than that, we want to know what this relationship was, the inspector general for the intelligence community himself said early on that there was some indication there was political bias there but, again, this president, whistleblower protections are meant to protect people and their jobs, they are not meant to protect individual who is are trying to take down a president. maria: yeah, bottom line is we were wondering, you know, if this person was fully independent or, in fact, he wasn't or she wasn't and now we see that there is political bias. that, i think, is the headline of the story, i don't know how
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close they were and how close they weren't, but it's not clean that it was just an independent viewer looking at a transcript or overhearing. >> a bureaucrat that was harmless determined that this was more than ordinary course we have a problem. dagen: the lawyers for the whistleblower the klein never worked or advised political party and spent entire government committee in apolitical servant position in executive branch. maria: that's not what the washington examiner says. dagen: indication that he was working in the white house and work ago long side vice president biden. maria: we are just getting started this morning, also on deck new york congressman is here, josh, cochair of house problem-solver's caucus join us as we talk usmca, author of witch hunt, gregg jarrett talks
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about the whistle bluer controversy and talking about political campaigns, tracking your location, plus leland miller is talking about the china trade situation, don't miss a moment of it, we are watching every detail out of the white house in the meeting, coming up unrest continuing in hong kong today, hundreds take to the street ahead of another weekend of protests, we are talking about the 19th straight weekend, that's next, warriors coach steve kerr deflects question on china and turns it on the u.s., up next.
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oh, wow. you two are going to have such a great trip. thanks to you, we will. this is why voya helps reach today's goals... ...all while helping you to and through retirement. can you help with these? we're more of the plan, invest and protect kind of help... voya. helping you to and through retirement. maria: welcome back, hundreds of protestors, cheryl casone with details, cheryl, this is not
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ending. cheryl: it is not, protest police brutality and call for prodemocracy reform, the demonstrations, protestors did take over main road as you can see in financial district, this part not necessarily as peaceful but subway was shut down, forced stores and businesses closed early there, they are bracing for another weekend of violence in hong kong. well, overseas nba decided to stop holding team media sessions during its trip to china, reporter from cnn got shut down trying to ask a question about hong kong yesterday. >> the nba has always been a league to speak out -- [inaudible] >> i wonder after the event os thousand week and fallout whether you feel differently about speaking out about that way in the future?
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an event that happened during the nba -- this particular question has not -- [inaudible] cheryl: they just moved on and didn't say anything to her, the nba is apologizing for all of this, they say it's inconsistent with how the organization conducts media events and apologized to the correspondent, nba steve kerr pressed about the controversy about the league and china and ended up comparing the united states to the communist party of china watch. >> in all the years that you've gone to china has it ever come back that business interest in china are at odds with country that human rights record is not -- not in step with the united states? >> it has not come up with people asking me about it nor
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has our record of human rights abuses come up either. people in china didn't ask me about, you know, people throwning -- throwing ar15's. cheryl: steve kerr critic of president trump. 4 billion-dollar industry in china for the nba, nike endorsement deals, players making a lot of cash in china and being silent right now about all of this and what's happening. dagen: they ought to be worried about american fan who is they are turning off and turning against with comments right about america, you need to take american values overseas, we have a constitution that's called the second amendment and you're trying to equate government spying, government theft, concentration camps, oppression, literally of 1.4 billion people with the united states which is a beacon
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of freedom, you should just stay, you should just go. maria: ashamed of himself. almost 3 million, 1 to 3 million uyghurs, they have some nerve to actually belittle this and actually compare the freest country on the planet to china. he should be ashamed of himself, he might want to move to china. dagen: this with the nba is what down south we call a tire fire where it is burning hot and ugly and it is out of control. with that cnn reporter getting shut down, it was by an individual who worked for the rockets. they need to come home and shut
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up. dagen: i'm not saying, we have freedom of speech, they can say whatever they want to but in terms of the damage to the brand, adam silver needs to be watching this because of anything that's been said that was more damaging. maria: i agree, i hope steve kerr understands he's being tracked while he's on the ground in china, china tracks their citizens and anybody in china, so i hope they're tracking him and i hope they continue -- look, i don't want to say i hope, i take that back because i don't hope anybody is tracked but it's the reality of it. it's absolutely outrageous and for them to compare america to that, it's just -- dagen: gun violence is a problem, but that's not the issue, the issue that we have been talking about this week and that you've been talking about for literally years is china and the abuses. maria: yeah. dagen: and the theft and the damage that that country is not only doing to its own people but
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the world. maria: it's outrageous. you want to say something real quick. >> real quick, this is only going to continue, they have the demand so they have the money and that's why people are acting this way, look at hollywood, they make their films only for china now, not for american citizens, this will affect every domestic industry. maria: that's where the money is. >> correct. dagen: ringing their hands about offending communist government in china and meantime taking signs away from american citizens who do have a right to free speech here on american soil, google uyghurs. maria: maybe he should watch video of hong kong right now and people getting beat up on the streets. the ceo of gm earning the union to pick up the pace, secret luxury condo sales dead in manhattan, taking a look at real estate this morning, we are back in a minute.
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maria: welcome back, rally at the start of trading, take a look at futures, 28 on s&p and nasdaq up 88 points, marks soared after president trump tweeted that he's meeting with chinese vice premier today and the trade negotiations are going well, china announced today that it will getting rid of the foreign ownership limits in finance, the financial service's industry will not have to face the dominant ownership rules by the chinese, starting in january, joining us right now management ceo ken mahoney, potential of china deal, doorstep of third-quarter earnings, of course, we have fed
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meeting coming up in 2 weeks, tell me how you see things? >> we are liking the market of volatility, buying deep last week was deeply oversold, we are buying back technology, large cap tech, money flows back there once we resolve this thing, it's interesting how this will play out today, that's for sure. maria: nancy how do you see it? >> i'm in the same camp, you look back and we have trailing 2-year return at almost 20% for the s&p and 7 and a half for the one year, what do you think in terms of total valuation. >> yeah, everything to work with, all the headlines, on the move, craziness and they get it like 3 down, the headlines, the
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best is persistent bid that's there, that's going to stop buybacks, low interest rates, 10-year is 165, 167 and come on the markets with 50% year date. had to put money to work and making headline. maria: dagen, you have the fed expected to cut rates about 70% chance that the fed cuts rate in 2 weeks, october 30th. >> we are taking a look at 10-year treasury, still below 1.7% and that's why they will cut because you still have short -- overnight lending rates higher than 10-year treasury yield and banks struggle to make money from lending when you've got inversion like that. maria: the longer it goes on the tougher for the financial industry, the banks, what about earning season, are we going the
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see that in the earnings that we will get in the next two weeks. >> exactly. last week fed cutting rates and next week running to earnings, the banks are up first, i tend to like more technology, banks upside or downside, every cycle will have winners and losers, but, again, if you're going get out this trading range, we get better guidance and maybe that can get us going again. >> the names coming out next week, netflix as well and morgan stanley, the private market, a couple i want to get your take on. [laughter] >> uber, wework, lyft suffering big losses, unicorn companies, private market, what's your reaction to some of the blow-ups in the private market?
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>> i actually don't think they are bad as people make them to be. maria: okay. >> the mutual funds and hedge funds that used to prop up ipo's are not there anymore, they are buying the names 2 or 3 years earlier, if you look at when they purchased the names, doesn't matter the stock, 15% level because they've made all their money, the secondary market that we work in private market is liquidity and people are making a lot of money, we just had acting in the market the way they used to in public, unfortunately that means that retail buyers, restructuring offal markets going on? >> retail buyers know by watching ipo's i'm not stepping in on day one, people, individuals are smart, where does that leave investment banks that are supposed to price the stocks appropriately, fall off a cliff in the first days of trading. >> well, about to get a lot more competition in my business, that's where they are getting all the fees, we will have to
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see whether we will allow retail investors to start buying in private market and that ends up having a whole host of regulatory issues that you don't want to get into that we spoke about earlier. slippery slope, absolutely. [laughter] >> that's where the issue is, that helps -- fine line access to that but credit investors. maria: ken, great to see you, thanks so much, coming up stepping down, ceo of sap, take over coming up. next kick-starting talks, gm ceo marie barra, back in a minute right here. driverless cars,
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maria: welcome back, good friday morning, thank you so much for joining us, i'm maria bartiromo, friday october 11th, top stories right now 6:33 on the east coast, futures indicating triple-digit move at the start of trading, dow industrials up 250 points right now, s&p up 27 and nasdaq up 83 after china trade hopes, the s&p was up 18 and nasdaq was up 87n europe this morning, the tone there is also positive, ftse 100 up 17, cac quarante in paris 61 and renewed hopes of deal on brexit, there's a path rate to a deal. we have that fueling markets there. u.s.-china trade hopes in asia, hang seng up two and a third
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percent. big changes to tell you about. bill is stepping down, stock is up premarket, let's take a look at that on sap, we will tell you about it, china put brakes on gm strike strikes. time the buy the home that you've been wanting, all that coming up right here. first this half an hour, the fallout over the ukraine situation, former u.s. ambassador to ukraine to sit down for interview this morning amid report that the ukraine whistleblower worked in the obama administration with then vice president joe biden. president trump weighed in on the biden and the whistleblower last night during rally in minneapolis, watch. >> where is hunter? i want to see hunter. hunter, you know nothing about energy, you know nothing rabbit china, you don't nothing about anything, hunter, you're a loser, why did you get
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$1.5 million and your father was never considered smart, he was never considered a god senator, he was only a good vice president because he understood how to kiss barack obama's ass. it turns out that joe biden was vice president, he worked with the so-called whistleblower. nothing but a partisan witch hunt sabotaged and i'm sure they will say totally unsubstantiated. joining the author of witch hunt, mass delusion in american history. this is your second book on this topic. >> it is. maria: first let me get your take on the ukraine situation because now we know according to washington examiner, lawyers for the whistleblower said that he had worked only in executive
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branch, he had a professional tie to joe biden. >> there's no question about it, this whole stinks like 5-day-old fish. if you have information about american public official, please look into it and turn it over to us, in fact, there's a constitutional duty for the president to do that, many presidents have done so. maria: well, you know on sunday morning futures what we have been doing is showing timeline of all of the internationalists who contacted people in the trump campaign. >> yes. >> alexander, all the people were either from australia, britain, et cetera, all the people who were basically informants who went on george papadopoulos and carter page. in your book witch hunt, do you
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get to the bottom of who the master mind was, the person that inserted donald trump in into the russia meddling in the united states? >> it really begins with hillary clinton who began speeches with accusations that donald trump was a candidate, putin's puppet and so forth but john brennan, cia director at the time, he was really as i explain in book and lay it all out was the instigators, james clapper, dni was the leaker, it was all based on what hillary clinton's campaign paid for this phoney dossier that was fed through information laundering scheme to hide the true nature and i lay it all out in the book. maria: that's why i mention the timeline of internationalists, that's the campaign that's done by the cia and not the fbi.
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when i'm interviewing yo who do you think the the master mind and goes back to the ceo. >> totally does. the cia as well as fbi involved in lying and spying, an entire chapter on that, the attempted coup, the acts of rod rosenstein, the appointment of special counsel was not based on law and evidence, it was based on vengeance and retaliation against donald trump and when confronted about what he had done, rosenstein cowers behind his staff and says, am i going get fired, story after story in my story witch hunt that reveals the truth about what really happened, the greatest has delusion in american history. maria: very important book to read and it's a very important subject to understand.
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maria: he's the one that told george papadopoulos, trump campaign aide, he dumped the bomb in papadopoulos' lap hoping that papadopoulos would go back and spread it in trump campaign and look like there's a conspiracy going. >> american intelligence that got to feed this disinformation to papadopoulos to set up trump. maria: other disinformation from the media. >> oh, yeah. maria: 3 years of collusion. i mean, in my view this is not about donald trump, this is about america and fairness and the fact that we cannot allow our law enforcement agencies to put their finger on the scale if they don't like somebody who is actually attracting the american people. >> the media is not going to like me very much when they awake from their slummer and read chapter 6 which is the media witch hunt and i lay out
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the bias, the media malpractice, i name names of journalist who is got it wrong, they were reckless all along, they were just like witch hunts, there were no real witches but they had this overwhelming desire that was irrational to target trump unfairly. maria: i want to get your take on what william barr has been doing, taking into custody at washington dulles airport attempt to go leave the united states, let me be clear, this has nothing to do with the ukrainian phone call between the president and -- >> it has nothing to do with president trump, he's not in the indictment. they were funneling money, allegedly, illegally to a super pac that supports donald trump and as you know under federal candidate is not allowed to
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coordinate or direct, independent super pacs so the president would have had no knowledge of, this unrelated to trump. maria: in terms of william barr and john durham, we know that barr traveled to italy. i assume he was doing meetings with lawyers -- >> probably. i think it's damning corruption of crimes by people in our own government, the powerful group operating in shadows of secrecy breaking laws in order to interfere in the election and thereafter destroy a president and drive him from office. and when this report comes out i suspect they'll be criminal referrals that barr and durham
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may present to a grand jury. maria: it's extraordinary to me not only did they stop stop candidate donald trump but continue to stop president trump, they really we wanted to take down a dually elected president. >> sure, james clapper and brennan came up with a scheme to get incriminating information. maria: not acknowledging at all that hillary clinton paid for the dossier, hillary clinton's team was actually colluding and obstructing. >> it's a damning indictment of mueller himself. maria: congratulations. >> thank you for being at the forefront of this, maria. maria: hitch wasn't, the story of greatest mass delusion of american political history and that's his book. be sure to log onto fox nation for greg's new special witch hunt available to members of fox
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nation, ceo of sap is stepping down, who is taking over, we will take a look, why the secret luxury condo sale is dead in manhattan, we are checking real estate in an economy that's growing, back in a minute my body is truly powerful. i have the power to lower my blood sugar and a1c.
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maria: welcome, big change at the top. cheryl: that's right, stepping down after leading sap for the past 5 years, jennifer morgan and christian klein have been named coceo's starting immediate ly, maria, you spoke with him back in july when he discussed business conditions in china following u.s. tariffs. >> you do see some supply chain dislocation, for example, companies that are moving their manufacturing out of china to places like vietnam, malaysia and even méxico to avoid this tariff scenario, so there's some global trade dislocation out there. cheryl: sap released preliminary quarterly report that beat expectations, shares up higher in premarket, up almost 8% on all of this news happening at sap, general motors ceo mary barra, hope to go jumpstart negotiations with the uaw, mary
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met with the president of the union this week, strike nearing one-month mark, despite meeting job action may not end for a while, citing a letter to gm from the union's vice president, that letter says he doesn't know how long it's going to take to come to terms. well, the houston astros celebrating after big american league division world series win slamming tampa bay rays 6 to 1 in game 5, 8 strong innings, astros gave 4-run league, houston facing new york yankees in als championship series, in football, new england beat, they really beat the new york giants 35-14, tom brady for ran two touchdowns, he's number 2 in the nfl's career list for passing yards, quarterback daniel jones worst game since taking over for
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eli manning in week 3, and those are some sad new york fans this morning. good game, though, tom brady, he's amazing. maria: yeah. all right, cheryl, thank you. coming up a new threat to luxury real estate market, we will check on real estate in the slowing economy, wait till you hear this, that's next. beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed network.
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maria: welcome back, let's check real estate, new york's luxury condo market force today close the door on secret purchases thanks to new rules that require llc's to reveal buyer identities, the fight for full disclosure started in suburbs, change comes as luxury market is
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steel reeling from the salt deduction changes. great to see you, ladies, thank you so much for joining us. >> thank you for having us. maria: tell us the issue. >> it's devastating as you said one thing after another, one bad niece piece after another and now llc's maybe on mess, new building, ken griffin bought the most expensive apartment in the country for 240 million, 85% plus of the purchasers purchased in an llc in order to have security, in order to have secrecy for whatever reasons. maria: they created an llc. >> correct, creditor reason, all
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kinds of reasons and personal reasons, right, they don't want the country where they come from that they pulled the money out, so many reasons. >> especially town hour in west village, someone can sit outside of your door and stalk you. the ag was the only person who knew who owned the actual llc, now, found out who -- maria: why did they make the change? >> dispute in county and involved neighbors not knowing who bought the property next door, the people not paying their taxes or not paying for removal or not paying for all kinds of problems, so county said we need to know who the neighbors are and we are passing this law, cuomo signed the law and now has unintended consequences in new york city. dagen: some of it is a little bit like the evil rich, we need
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to unmask the evil rich that are living in our midst. >> yeah. dagen: very liberal cities. >> right, comes on the heels on the mansion tax increase, transfer tax increase and limit on salt deductions, really bad for new york. maria: we have seen prices come down, how much lower can they go, are you expecting a continuing weakening of the market? >> totally. maria: just, no and the suburbs as well? >> also suburbs but in new york city this is really -- >> it's nobody's business, i'm not an actor or politician but it's nobody's business. maria: i have actually bought in llc. >> common practice but in suburb not common practice. it's going to have impact. people are telling you, we are finding all the very highest rentals are gone, we have clients looking $85,000 a month,
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90,000 a month, 95,000 per month rentals because they are saying, i'm going the take a pause, you know, i don't know what's going on. maria: i wonder how -- if that's happening across the country as well, in terms of high-end real estate, you're in california obviously, do you see weakening of real estate there? >> yeah, no, no and we have home in nevada and because of the tax high tax rates in california prices prices have gone up dramatically in lake tahoe. maria: other areas that have lost salt deduction have seen impact. >> yes. all high-taxed areas have seen a problem with the salt. >> we are down 56% this year, 36% of which is chinese buyers, who is going to be buying the new condos. maria: does this continue next year? >> it continues into next year.
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maria: even with mortgage rates at all the lows? >> yeah, 3.57 this week, 4.9, still this is not good. >> interest rates are keeping us afloat. maria: ladies,il thank you. back in a minute. into one monthly payment. you can get your interest rate right - by locking in a fixed low rate today. and you can get your money right. with sofi. check your rate in 2 minutes or less. get a no-fee personal loan up to $100k. . . . orlando isn't just the theme park capital of the world,
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for personal savings and protection solutions. the workplace should be a source of financial security. keeping your people happy is what keeps your people. that's financial wellness. put your employees on a path to financial wellness with prudential. maria: welcome back. good friday morning, everybody. thanks so much for joining us. i'm maria bartiromo. it is friday, october 11th. your top stories right now, 7:0. global markets are up on hopes of a deal with china. president trump is saying that the talks are going really well. china's top negotiator is headed to the white house today. we continue to follow the bouncing ball in terms of every move that these two sides make. rallying right now, dow industrials up 238 points, almost 1%. s&p up 26, and nasdaq is up 80 points, better than 1%. this after china trade hopes fueled a rally yesterday as well. yesterday's close, the dow up 150 points at 4:00 on wall street. the nasdaq was up 47.
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european indices, the fq100 is up 33, cac is up 51, dax index is up 216, another big deal here. there was renewed hopes in europe for a deal of a brexit after the u.k. and irish prime ministers met and they said there's a pathway to a deal. the u.s.-china trade hopes triggered a rally in asiaover night. the hang seng index up better than 2%. meanwhile, this, an iranian oil tanker was hit by two missiles off the coast of saudi arabia. oil prices are surging on the news this morning. we have the latest on the tensions rising in the middle east. political campaigns tracking you, your smartphones is revealing lout lots of informatn about you. all those stories coming up this friday morning. joining me to break it down, dagen mcdowell. amid malik and nancy kenslenger. great to see you this morning.
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our top story this hour is the ukraine controversy. the former u.s. ambassador to ukraine is skeete scheduled to n for an interview later this morning. this comes after a report that the u.k. whistleblower worked in the obama administration with then vice president joe biden. president trump spoke out last night during a rally in minneapolis. >> nancy pelosi said a day before seeing the transcript of the call with the ukrainian president, we've got to impeach him. we've got to impeach him. then she saw the call and she said to her people, what the hell, nobody ever told me this was the call. as our brilliant white house counsel wrote to the democrats yesterday, he said they're highly partisan and unconstitutionalal effort threatens grave and lasting damage to our democratic institutions, to our system of free elections and to the
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american people and that's what it is, to the american people. maria: joining us right now is fox news contributor, the washington examiner chief political correspondent, byron york. thanks for joining us. first, your reporting, tell us about the ties between the whistleblower and joe biden. >> well, you know, when the inspector general of the intelligence community first wrote a letter, explaining what was going on with this whistleblower, he said that there were some indications of arguable political bias in favor of a political candidate. okay. that's all he said. we didn't he know what was going on. there were reports a few days later that we found you out what the bias is, he's a registered democrat. l democrats and others in the media kind of scoffed at that, saying my goodness, is that supposed to be the indication of bias? then we learned actually there was more, that in an interview a few days ago the inspector general told congress that the whistleblower had a, quote,
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working or professional relationship with one of the 2020 democratic candidates. don't think that means now, but one person who is now running for president had this professional or working relationship with the whistleblower. maria: how should we be he reading that in terms of the credibility of the whistleblower's complaint? i mean, we keep talking about blowing the whistle on something and meanwhile we have the transcript of the call right here. do you think this story continues to be an issue or is this a lot of noise? >> well, that is what democrats say. look, the motive, whatever the motive of the whistleblower doesn't matter because we have this rough transcript. we can see what was said in this call between president trump and president zelensky. republicans, on the other hand, want to know if the whistleblower was acting out of bias, if he did it in coordination with somebody else in the government or other
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people at the white house. they want to he kno know about d they're hoping to find out. maria: yeah. i'm just wondering what all this means to the road to 2020. i mean, will voters hold the democrats accountable for getting nothing done other than efforts to try to take down donald trump who they hate. former vice president joe biden and elizabeth warren gaining the support of more than half of democratic primary voters. biden holding his post at frontrunner, winning 32% support, he's followed by warren at 22%, up 6 points since september, a new high for her. bernie sanders, bad news is that he's fallen 1 point and we can look at all these polls and try to understand what they say. but what's your t gut tell you in terms of what all of this is going to mean going into 2020? >> my gut is very confused at this point. maria: yeah. >> we don't know what's going to happen, you're right, if this democratic effort falters in
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some way it could hurt them and help the president. it could seem totally politically motivated. on the other hand, impeachment is a bad thing and it's only happened to one president in our lifetime and that is bill clinton and he didn't like it. and we know that president trump does not want this to happen and we know that it could be a factor in the presidential election against the president. even if it's completely unsuccessful in trying to remove him from office, but this is something that democrats are doing in the middle of a presidential campaign. this has never happened before. you have to remember, when richard nixon was threatened with impeachment he had just been reelected in 1972. and when clinton was impeached in 1998, he had just been reelected in 1996. this has never happened before going into an impeachment in the middle of a cam dane. dagen-- campaign.dagen: the ded
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in. if you rush it and don't wait for any kind of evidence and don't do it publicly, that is damning. if you run it into the middle of the election year next year, that's also damning. they seem boxed in. i want to know, with the arrest of these two associates of rudy giuliani who helped him on ukraine, they're charged with campaign finance violations, criminal, boarding a plane at dulles yesterday. how does this play into what the democrats are trying to create as a narrative? >> well, it certainly reinforces the idea that there were people around rudy giuliani who had absolutely no business being anywhere near the white house. it's kind of almost reminiscent of bill clinton's campaign finance scandal in which he had people like charlie tree and john wong who also had no business being anywhere near the white house. the bigger question right now of course is what did rudy giuliani know about these activities.
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right now, we think they involve a former republican member of the house, pete sessions. we think they involve these two suspects trying to get a marijuana business going in nevada and paying to get into that sort of business. so it doesn't appear to be connected to president trump. but they are connected to rudy giuliani. there's no doubt about that. so we're going to want to know what guliani knew about them. dagen: i'll point out that attorney general bill barr based on fox news reporting knew about the investigation when he took the job, was informed of the arrest, that the arrest would be happening. that's daylight. that says that, again, following the rule of law and doing his job. that's very important to point out. maria: byron, we're waiting to hear from bill barr and john durham in terms of their findings in the origins of the russia probe. i've been reporting that we're going to get the ig report from michael horowitz on or around
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the 18th, which is of course next friday, october 18th is when i'm hearing that report is going to be out and it's i heard from one source it's as thick as a telephone book. what are you expecting in terms of the ig report? any new information to add, byron? >> i heard you say that, as thick as a telephone book. i wouldn't be surprised at all about this. one of the things i'll be looking for, remember, we were talking about this report possibly being released in june. so it's four months later. and the reason it wasn't released is that the inspector general, michael horowitz, got some last minute information. so i think we'll be -- it will be interesting to see what was coming in over the trainsome at the last minute. there are the bigger questions fundamental to the trump russia affair which is to what degree were the law enforcement and intelligence agencies of the u.s. government spying on the trump campaign in 2016. we know a little bit, we know
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about confidential informants, we know about the spy, ezra turk. there is more to learn. there is fundamental stuff we don't know. maria: i want to know who the mastermind was, who came up the idea to inexpert donald trump into the russia meddling story. that hopefully will be revealed as well. we're waiting for it. thank you for joining us this morning. >> thank you. maria: quick break and oil is in focus this morning, crude oil prices are soaring this morning after a reported attack on an iranian tanker. oil up 1 and-a-half percent this morning. of watch your back, political hopefuls using phone information to help themselves, yes, more tracking going on. stay with us. ♪ i don't want to think anymore. ♪ i left my head and my heart on the dance floor. ♪ i knew about the tremors.
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cheryl casone on headlines now. cheryl: iranian officials are claiming two missiles hit an oil tanker off the coast of saudi arabia. iran state television says the strike caused a leak, sending oil spilling into the red sea. oil prices jumped higher on that news overnight as it crossed. oil is higher by more than one and a quarter percent. a potentially historic october snowstorm to tell you about. a very powerful storm is moving through the great plains. it's causing travel headaches in multiple states. winter storm warnings and watches stretch from my wa wyomg minnesota. blizzard like conditions are expected today across the region. a nor'easter is moving close to the coast, to bring major impacts to the eastern seaboard, including koas coastal floodind heavy rain into tomorrow. in southern california, firefighters are fighting a wildfire that prompted evidence
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arc weighses there. several vehicles burned in an industrial complex. well, we could find out what is next for wework, possibly next week. the financial times reports that jp morgan is leading efforts to create a bailout package for the struggling company. that lifeline could include a large contribution from jp morgan. wework pulled its initial public offering last month after investors criticized the business model and the ceo, adam newman, was forced to resign. and those are your headlines. maria: thank you so much. we were talking about wework earlier, one of the blow-yous in the private market. steve schwarzman p said there's nothing special about wework, we don't understand the valuation. >> it's nothing more than a short-term real estate -- they have short-term rents. it was a mismatch. financially it made no sense. there is no technology. because they had so much cash infused from soft bank, they went on a hiring spree.
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there are good business that's they own. one of the ways they'll generate revenue to try to stay alive is to sell some of the gems that they have. that's not talked about enough. it's not just a loan from jp morgan. they are as we speak facilitating sales to generate cash on the balance sheet. dagen: why didn't any investor take a look at a this founder and take a look at the chief and say, you know, this -- maria: jp morgan was very supportive. dagen: this is out of control. this is out of control. why is the wife in the corporate document -- i mean, had they changed this. but why is the wife aa lou louda allowed to pick newman's successor. it was crazy that evoked the dot-com bubble 1.0. >> this is no question. you don't have the same disclosure requirements often you don't find it until an s-1 is being drafted. people should do their own due diligence and ask these kinds of questions. another red flag was when he
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sold $700 million of his stock before he even drafted it. that's a huge red flag. dagen: he had the ip in a separate entity, some of the intellectual property. if i was a soft bank and i'm clearly not -- >> yeah. dagen: i would want to know all of these questions because, again, it just shows recklessness, both financially and personally. >> we are going to see a correction because of blow-ups like this you asked about the ipo market. we're going to have to see companies actually have a profit in many cases before they access public markets. i think that's actually a healthy thing. we had productivity and some innovation and now let's correct it. this always happens. >> it's governance. >> precisely. >> the governance in silicon valley, talk about hypocrisy. dagen: look at uber, look what it was -- it was a culture of miss omissmysogyny.
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maria: kfc's new product, the company rolls out chicken wings and reviews are in. what people are saying about that when we come back. stay with us. ♪ cash my check, clean my truck. ♪ put on my hat, forgot about work. ♪ sun going down, head across town. ♪ pick up my baby and turn it around. ♪ good time, i need a good time.
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maria: welcome back. well, the 2020 campaigns are tracking your every move we now are learning. political campaigns on both sides of the aisle looking at your smartphone apps and locations to target you for ads, fund raising case, send campaign residents to your house. joining us now is lance ulinoff. thank you for being here. tell us how bad it is in terms of more privacy breaches. >> it's pretty bad.
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it's everywhere. there's the fallacy of privacy, it doesn't exist. we're being watched, recorded all the times. campaigns, what they're doing is something pretty simple. every phone that you have has a unique identifier and so once you go someplace, they are usually scanning for those ids and then the campaigns are working with third party companies and what they're doing is the third party companies will have a trove of data usually connected to that same id. wherever you go, your phone is kind of being identified. i try to explain to people, it's not that it knows your name. the campaign doesn't know your name. it recognizes that phone and that phone has been to this church, this club, this gas station, and this builds a corpus of who you are -- maria: even if location services are off. >> no. if your location services are off you're in better shape. guess what, we use our maps on our phones all the time. our location information is not
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off. also -- maria: i thought when your location services are off, they can track you. >> when you ping certain cell towers. it's much harder to do that. here's the thing, the apps that you use are also tracking your location. now, in the latest ios update from apple, you can now say that an app can only use your location when it is in use. because what had been happening is, all the apps we were running were using your location all the time for no apparent reason. this was great for data miners. this was eb great for them to ct information. if you walk into a device that's associated with your company and you walk into a meeting room, it pings the wi-fi and the wi-fi knows whose phone it is, knows you walked in that morning, knows what room you went to, knows it turned on the lights. there's so much information you deliver. i'm leave aside the social media
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and other information, that is extra information for companies to learn about you that you just put out there. you just sort of put on social media automatically. dagen: can i ask some basic questions. are these campaigns -- how do you stop them from tracking you? how do you go into your phone and stop them from collecting information on you? >> well, first of all, you need to go into your phone settings and a turn off location settings on an app level. with the ios update, what you will see is you'll see those messages. this app has been tracking your location when you're not using it. do you want it to be only when you're using it. you say yes, only -- or not at all. most apps don't need location tracking but for some reason they all put it in there because, hey, you never know. maria: i have two anecdotes. when george papadopoulos was meeting with informants in the year 2016, when they were trying to target him, he told me he was sitting there having lunch with somebody and he kept feeling uncomfortable because two informants said the same thing. he had his phone on the table and then they would put their
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phone right next to his phone. and he said it was so strange to me that they both did the same thing, that wherever my phone was, they put their phone next to it. somebody else told me, a source in washington told me if you have a briefcase here and someone puts the briefcase next to you, your phones are in it, they can swipe your whole phone. this is deeper than we know. there's an ability to swipe your phone and get all your information with the right tools. >> if your phone is unlocked and you're not setting up any privacy settings or locking it down or doing pin codes or doing things like two factor authentication with your social media, all of those things start to leave you open. it's funny, on a side note, there's something called air drop on phones and it's so interesting that people don't rea lies how these technologies work. you'll have air drop on your phone. you'll sit there and if you light it up, you'll see not just someone you know but you all these other phones are available to send stuff to. maria: what does your boss want to know about you? >> he wants to know when did you come into work, when did you leave. are you happy at work. maria: that information is also
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getting tracked. >> some of it definitely is. dagen: how much you're in your office. >> at the furtherrest end of it, if you have a corporate device, they might be using your web cam to track your facial expressions to know if you're frustrated or upset at work. [ laughter ] >> most people put tape on your web cam, i see it all the time. simpler, you're using a device handed to you at work, you're on slack all day long. we talk about random stuff. it gives companies an idea of the overall feeling of people in their company and individuals, how they're doing. dagen: i'm not ignoring you, i'm going in -- >> changing your location settings. you have to go into each app. >>.dagen: i didn't turn the air drop on, but it was on. not anymore. just had to turn it off. >> if it's on, set to air drop -- air drop is set to everybody. dagen: it wasn't set to everybody. >> then everybody can drop stuff to you. >> they just do it, hey, why
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not. they collect data on you because that's how their companies are highly valued. that's why they do it. >> you're absolutely right. the more data they have, they sell it to a third party. the data companies that work with political campaigns, that work with other companies, that can then connect the dots. maria: all right, lance. thank you for the info. we're all going to be going to settings right now. coming up, trade optimism, president trump meeting beijing's top trade negotiator later today. we'll speak with two lawmakers next about their expectations. amazon's manifesto, the company rolls out a new philosophy. the reasoning behind it, right after this. ♪ here's to the farmer that plants the field in the spring that turn from green to that harvest. ♪ pour one up for the bankers downtown r what you need. i wish i could shake your hand. granted.
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i'm maria bartiromo. it is friday, october 11th. your top stories right now. u.s.-china trait talks fueling this morning. futures indicating a big rally at the start of trading l. dow industrials up 280 points right now, s&p up 30 points, nasdaq up 88. this after china trade hopes fueled a rally yesterday as well. at the close on wall street yesterday, the dow was up 150 points. the s&p was up 18, nasdaq up 47. in europe this morning, take a look at the indices there too, you've got a firmer tone with the f k-1 hundred up 19 -- fq100 up 19. dax up 245 points. there is renewed hopes this morning for a brexit deal after the u.k. and irish prime ministers met. on the u.s.-china trade hopes that was a rally in asia overnight as a result of that. hedgpeelapple is in record terr, closing in on a new high.
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had positive comments about the new streaming service. amazon's ma manifesto, the compy giving positions on minimum wage, privacy, the environment and other issues as criticism continues to mount. plus, kfc wings it, adding four varieties of chicken wings to the menu. all these stories coming up. our top story this half hour, u.s.-china trade optimism, china is announcing it is getting rid of the foreign ownership limits of finance firms between january and april of 2020. this as another round of negotiations between the u.s. and china are expected today in washington. president trump weighed in on the potential of a deal yesterday. >> we just completed a negotiation with china. we're doing very well. we're having another one tomorrow. i'm meeting with the vice premier over at the white house. and i think it's going really well. i will say, i think it's going really well. maria: if the two sides cannot
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reach a deal by next week, tariffs will go from 25 to 30% on $250 billion worth of chinese goods coming into the country. joining us right now is new york congressman and problem solvers caucus co-chairman, tom reed and new jersey congressman and problem solvers caucus co-chair, gus gonhemer. what could you think about the -- what do you think about the potential of a deal including the theft of intellectual property, the forced transfer of technology, do you think the chinese will agree to that or do you think the u.s. will be forced to do a deal without those big ticket items. >> i would hope so. that's why it's critical, that mexico and canada, we get the agreement done. that is the foundational work in order to negotiate these issues, currency manipulation and others in regard to the negotiation with the chinese representatives. we can do it. but i think we have to do a one one-two punch in my opinion. maria: do you think nancy pelosi will bring usmca to the
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floor. >> there's still issues we're working through. i think we're going to get there. i'm not going to put a time diss line on it. i think it's going to happen, i p hope in the next few months. maria: when you say you're working through issues, we've talked about this a lot and i know that la labor environment issues, some of your colleagues want tweak there's. how specifically are you working through this? all we see with all due respect is impeachment talk. i mean, are you actually getting together and talking about making changes to usmca? >> we talk of course as a caucus and we have a task force working on it and the speaker is working on it with mr. lighthizer. i believe if we keep working it and the best deals on these kinds of things are not day-to-day out in the public, you're working them behind the scenes, just like hopefully we're going to get this deal done on china and trade and that would be very good for a lot of our manufacturers and agriculture we'll see where the specifics show. maria: we've been waiting for the usmca to come to the floor for months. it's not that you can't agree on
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labor issues or environmental issues, that's causing it to not be on the floor, right? it's nancy pelosi saying i don't want to get the president a victory. >> there's issues on the enforcement side. maria: who is meeting on it? >> the speaker with mr. lighthizer and we have a task force in congress working on it and the ways and means committee is working on it. these things take time. i'm optimistic it's going to get done. this is a great thing we can keep working on, it's great for our economy, great for our farm efforts and manufacture -- farmers and manufacturers. maria: that's why we want it to come to the floor so we can see progress. my worry is some point people will realize you've gotten nothing done. >> that's the issue. he's fight forge the people back home. this is going to impact real people if we get keep family farms for
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generations to come. that's why it's imperative that guys like us and ladies in the problem solvers caucus are working together to find the solutions, put pressure on the top, bring the stuff to the floor and stop the shenanigans. i'm saying enough is enough. politics aside, we've got to do the people's business. that's what i hear from the people around the country. >> tom and i both agree on this idea, you know, on a lot of these issues we've worked on together, passed in the house, gotten done together. we have to see, whether it's the house or the senate considering it, we have to get it done. we have to keep working these things like prescription drugs and like trade, things we can get done. just because we have other stuff going on, you don't take your eye off what also needs to get done. maria: are you going to vote for it? >> i'm very supportive of it. we negotiated it on the ways and means committee. i'm ready to go. maria: what about the impeachment push. congressman, are you going to vote for president trump to be impeached? >> i've been very consistent in
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my position. i support the inquiry because i want -- i think we should look at these things. i think we need to let the facts guide our decision making. you can't prejudge. i think it's irresponsible to plea judge. you have to -- prejudge. we have to let the process work through and hopefully we can look at the facts and make a decision. maria: what's the process? nancy pelosi says she's pursuing the inquiry but she hasn't brought to it the floor. do you want a vote to impeach -- for the impeachment inquiry on the floor. >> there's a lot of process going on. the key is will the administration present what we're looking for so we can hear from the administration. and i think by the way the administration should be able to present facts as well and then we should look at the totality of the facts, not prejudge, not decide on tweets or social media and look at the facts and make a decision. >> that's why i think politics is driving a lot of this discussion and decision making. if we get into the facts, then joe biden's behavior has to be exposed and reviewed. i think people that are going to commit to due process,
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constitutional based type of process, you can have this investigation and if we're really driven by the facts as nancy pelosi said, then let's have all the facts out, biden, trump, all of it. that's exactly why this is just all political in my opinion. >> the key thing here, what we're working on every week with all that's going on, we have to keep working on other issues that the american people talk to us about at home. trade is a great example. i'm working to lower taxes. we talk about issues like veterans issues and other issues that we try to also get done at the same time. maria: that's what we're trying to understand, what really can get done. part of this whole impeachment push, your colleagues on the right are upset by this process. and i want to get your take, both of you, on the process. number one, the idea that it's happening in the house intel committee as opposed to judiciary committee. because we know that any impeachment pursuit, the jurisdiction is in the judiciary committee but nancy pelosi gave it to adam schiff in the intel committee. that's number one.
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number two, the hearings are happening behind closed doors. how do you impeach somebody with the american people not understanding the facts and what's gone on. and your colleagues, john ratcliffe, devin ne nunes, are o upset that adam schiff met with the whistleblower before it was public. >> there's a lot you said there. maria: this is the criticism on the right. >> the counter criticism is we're going to ask for materials, ask to speak to witnesses and we should have a right to see these things, as oversight, as congress. our responsibility is to have oversight. it's our constitutional obligation to do so. the question is, is there going to be a process that'ses -- that's transparent. i think it's important and from both sides to present information for us not to prejudge. both sides are going to have to present information and actually do it. >> that's exactly my biggest funfundamental objection to the
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he'll whole process. you always have a right in america to question your accuser, to get to the facts, to look at the substance of the allegation. by denying that, i think that speaks volumes as to what's driving this agenda in the house right now. >> there are things in the i intelligence committee, there are things -- there's a reason why certain things are behind or because they involve national security and intelligence matters and those are things that frankly that they should ask questions about and mr. schiff should ask questions about. maria: you can't possibly believe you're going to impeach a president without having the american people understand the issues. >> that's why the process we're talking about is so important. in the end, you have to actually move through the process. have you to receive the information. then have you to make recommendations and present information and that's how you make an ultimate decision. that's why you can't be in the decision of prejudging or deciding off of a tweet. maria: i want to switch gears real quick. we don't have a lot of time left. we've been talking about real estate, the salt deduction hit your cities real hard. your states, new york and new jersey. give us your take in terms of the impact that it's had and why
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so many people are leaving high tax states like new york, like new jersey, and going to florida. >> i support a tax reform and i understand the salt issue but in our district for example, the $10,000 deduction protected 99% of the people in western new york. those folks are off the table. the top 1% are leaving the state because they pay a heck of a lot of taxes. i think there could request a solution here. >> my district is getting killed by it. we're losing people, housing prices are down. maria: when are you going to push your leadership, the governor, the mayor, to cut taxes? >?first. >> we're all working like crazy at the federal level to get salt back. it's absurd -- maria: maybe they shouldn't have such high tax rates so you don't have to hide them with the salt deduction. >> mississippi gets $4.38 back for every dollar they pay in taxes and we historically got 67-cents back in the state of new jersey. that's the joke.
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how about we stop paying their bills and they start paying their own bills. >> to help people, reduce the spending, reduce the taxes, peel will come back to new york in droves. maria: we'll see. >> i'm for cutting all taxes here but it's a joke that we're paying these other states. maria: all right. >> paying for all their bills. maria: that's been the case for a long time. great to see you both together. there you go, high five. tom reed and josh joining us. amazon's manifesto, the company rolls out a new philosophy, the business impact coming up. kfc winging it, the company rolls out a football fan favorite, what people are saying about that. back in a minute. ♪ we used to have it all. ♪ but now's our curtain call. ♪ ♪ ♪ ♪
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at fidelity you'll pay no commission for online u.s. equity trades. maria: welcome back. the death toll is rising as turkish forces attack syrian forces. cheryl: hundreds are dead, tens of thousands running for their lives as turkey invades northeastern syria. the attacks again after president trump pulled u.s. forces from the region. the kurds were considered close american allies in the war on isis. well, investment bankers could deliver final recommendations on the saudi aramco valuation as early as today. wall street journal is reporting the number expected to falwell short of the $2 trillion that was targeted by saudi's crown
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prince. executives working on the ipo have suggested $1.5 trillion might be a more realistic valuation. aramco is working to complete the ipo by late november. this is the world's largest oil producer. and ready for football? especially the tailgate, right. the l colonel added another item to the menu, chicken wings, offering flavors like nashville hot, buffalo, and the classic ones. it will set you back $5. they are offering free delivery right before we celebrate the other bird, the turkey, maria. very important. maria: yes, it is. cheryl: football and food, they go together. maria: you got it. coming up, amazon's manifesto, the company rolls out a new philosophy, the reasoning behind it. we're all over this story when we come back. stay with us. ♪ oh, yeah. ♪ kick start my heart. ♪ oh, i yeah.
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maria: welcome back. markets are up this morning, amazon shares up better than 1%. the technology giant releasing a new philosophy on hot button social issues. lauren simonetti covering the story this morning. lauren: amazon is an $850 billion company. we know where they stand on a lot of issues. we know they've been beaten up on a lot of hot button issues. they came out with a manifesto, if you will, and kind of just clarifying their stance. but there's nothing new in this. there's nothing we didn't know. there are no policy changes. but i guess they're on the record, perhaps they're sick of getting beaten up by democrats who are saying either break them up or, you know, you don't pay your workers enough. let's go through what they had to say on the environment. i wanted to start here because you remember thousands of their
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employees protested because when amazon announced they were committed to being net zero carbon by 2040, workers were saying you provide cloud services to the oil and gags industry. amazon writes this we will continue to provide services to those in the energy industry to help them accelerate development of renewable energy businesses. that's where they stand. facial recognition. they have februar teak followin- technology getting criticized for selling that to law enforcement. amazon's response, first of all, you should regulate us federally and recognition has helped locate more than 100 missing children and identify more than ' thousand child sex trafficking victims. they're a saying it has a dual use. on diversity, they have 300,000 diverse workers in the u.s. they want the best and brightest. this was pretty pointed. we support and lobby for immigration reform including a legal pathway to citizenship for
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dreamers and reforms to the green card and high skilled visa programs as well as actively participating in legal challenges to the travel ban and one more for you on taxes. this is a big one. bernie sanders, elizabeth warren, beating them up for not paying enough in taxes. amazon says corporate tax codes should incentiveize investment and job creation. maria: and i would say this is all trying to get ahead of elizabeth warren being the candidate on the democrat side. lauren: possibly. maria: why is amazon giving us this manifesto. lauren: that was my thoughts exactly. they've been beaten up by elizabeth warren, bernie sanders, andrew yang and others. now when they have protests by their employees on some of the things they're doing, they just -- they put it all oven the record. maria: similar to the business round table decision. the business round table came out and basically said, look, profits are not going to be our number one priority. i called bs on that. i think it's pr, nothing else.
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because of course what are we supposed to think, employees and the communities you operate in weren't important before that. it's a way to position themselves ahead of elizabeth warren becoming the candidate. the other thing is, an d andy bs up in arms about this because he says it opens up the door for elizabeth warren to come in and say let's change capitalism. how about defending capitalism. >> that would be a novel concept these days. but it also has crazy ramifications for the law. right now there are fiduciary duties to the shareholder. that's how legal jurisprudence works. you can't sue if you aren't good to the environment. if you open this up you'll kill productivity and growth. they don't really think these things out. right now, it's about profit. but if you start making everyone a stakeholder, how do you run a business in that case? maria: if that's the case, i want to know what they think of the almost 2 million uyghurs in concentration camps right now in china. you want to give me a stance on
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all of this stuff, where's your stance on operating in china. lauren: there was nothing on that by the way in the manifesto. dagen: here's a flair in the air from an amazon p customer. their basic business, shopping experience is a garbage dump. it's awful. if you have your customers paying for prime every year, then why are you -- when i try to search for a flashlight -- showing me promotions that you get paid for? the products that you sell are literally garbage that you're pushing at us. give us the best. give us the top notch products. don't give us everything -- i think there's a real issue with the site. there's a major opportunity for somebody else, walmart is already fighting well, but also a target, any of these discount retailers, to think about the customer. and to make the customer experience better because this is a horror show, trying to find
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products on this site. lauren: they address that and counterfeit products and the like in the ma manifesto, just o be fair. dagen: i'm not talking about counterfeit. i'm talking about i -- i say shower curtain and you push at me a promotion for a shower curtain that i bought that is a piece of -- you can spell it and it's got four letters in it. maria: exactly. lauren: the pile-on happened on their prime day, the most successful day of the year, record sales. customers, lawmakers, employees, everyone is coming at jeff bezos and amazon. this is saying this is where we stand and they're saying regulate us, especially when it comes to artificial intelligence and technology because we need to know the rules of the game. maria: lauren, thank you. still ahead, trade optimism, president trump is meeting beijing's top negotiator later today. the latest from the white house, right here, "mornings with
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because they have better rates, and better service. we're the gomez family... we're the rivera family... we're the kirby family, and we are usaa members for life. get your auto insurance quote today. maria: welcome back. good friday morning sthiefrpgs much for joining us. i'm maria bartiromo. it is friday, october 11 your top stories 8:00 a.m. on the button on the east coast global marks higher this morning, on helph hopes with a deal from china president fr saying talks going really wellhead to white house day to mete later today a triple-digit move dow industrials right now up 262 points, 1% s&p up 29 points, 1% nasdaq up better than 1% 85 points higher after china trade hopes yesterday 4:00 where wall street dow up 150 yesterday s&p up 18 nasdaq up 47 in europe firm tone as well influence as well, ft 100 up 32, there are some renewed
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hopes of a brexit deal after the uk and irish primaries met he a tath away to deal dax in germany up 250 points right now, better than 2% in germany hopes of a deal a congest performer hong kong hunger henning up 2 and a third prnz iranian oil tanker hit off coast of saudi arabia according to -- up 1.6%, california power outages power is restored this morning but hundreds of thousands are still in the dark, we have very latest in california coming up this morning, all those coming up to break it down fox business dagen mcdowell, wealth management chief investment strategist great to see you. >> have you seen the ghak california of these power outages what have you been hearing. >> i have been in communication it is -- it is
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third worldy, and really difficult to wrap your brain around some cities shut off are not in high risk fire districts, they are close to the city of san francisco, it is makes no sense, i used to manage money for one of the largest firms in san francisco on the same street pg&e never lost our power. so there is -- um -- an arbitrariness to this. >> we have office out there lost internet yesterday. >> how do you work. >> a big problem also we should follow restructuring going on behind story too they are in bankruptcy, so bond holds are starting to fight led by l.a. capital see what happens a lot more to see on this story. maria: also the story of just the phase in general l.a. look at stran in terms of t homelessness. >> i was out there block-to-block you can't go a block without seeing. >> it needles.
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>> do you see needles. >> yeah disparity some of the richest places not only this country but earth. dagen: the issue is going on for decades i lived in san francisco a year, during first dot com bubble, a problem then ignored it ignored it ignored it the problem is government the left wing liberal government thinks more money is solution what you have happen thrive new york, the -- the effort here in new york city, started by the mayor's wife spent roughly 150 million dollars, on mental health because mental health is a critical part of homelessness,mental health initiative the mental health situation in new york has gotten worst despite nearly a billion dollars being spent. >> you think all this is a direct result of policies, bad policies. >> bad policies the deinstitutionalization of people mental ill going on my
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entire lifetime is part of the issue. >> going to talk more about that important insights from all top story u.s.-china trade smo. president trump says talks going well expected to meet with china top or he gottor in washington later day blake burman at the white house with more good morning. reporter: happy friday second day of talks later this morning between main players with the united states, and china robert lighthizer, steve mnuchin liu he as three met seven hours in washington, d.c., 45 minutes into the negotiations, president trump tweeting out that he would be meeting today with the chinese vice premier that expected 2:45 this afternoon. in china, this morning, a spokesperson for the foreign ministry was asked how talks went yesterday on day one they would not specifically answer but did say quote we hope that u.s. and china will work
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together, and work in tandem, and promote positive progress on consultations based on mutual respect equality, and mutual benefit, now as meetings were wrapping up president trump gave a rather warm read out of the negotiations. >> -- we just -- completed a negotiates with china doing very well we're having another one tomorrow i am meeting with the vice premier at the white house, and i think it is going really well i will say i think going really well we had a very, very good negotiations with china. reporter: china proposed a three tooir time line starting january to increase number of who will wholly foreign owned ens to potentially alleviate ip theft iffied technology unclear how received by u.s. side whether you look big
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picture into day two of two talks outstanding questions will be, will tariffs be -- that were expected in effect on tuesday, will there be any sort of deal between u.s. and china and, if so, what size might that deal or agreements -- >> to head off increase expected to take effect 15th i believe, thank you blake burman at white house joining us former rnc chair mississippi governor founding partner the president group haley barbour thanks for being here. >> thank you. >> coming from washington what is your take on talks with china where do you think this is going? >> well, you know, i have always said that things are going to proceed with china slowly they will get history look at their -- the view of the world, very unlikely to jump to this quick deal on a
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great big -- bunch of issues, so i think it will be piecemeal i do think the president is right chinese have been cheating on wto obligations since 2001, bush administration, obama administration in every tried to do anything about it trump right to try to do something about it you've got to have patience. >> a new fox news poll shows former vice president joe biden and senator elizabeth warren gaining sport biden front-runner 3 % up 3 points since last month warren up six points 22% bernie sanders down one points your take on the race so far? >> well a great big field but narrowing. i think it is no question that biden has been hurt by all going on no rev lacingsings
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threatening ukrainian government if they did not fire prosecutor general. >> elizabeth warren very own message for the left it helped her that bernie sanders had a little heart problem. >> yeah with race very early as the a lot of game to be plaid you have aard dean rooting john kerry 2004 at this time nothing happened there. >> that was very -- scary, thanks for that woke me up. >> with respect to china on policy national pressure, marco rubio proposing a law about divesting, pensions that invest in china and in addition, there are other proposals not letting chinese companies list on our stock exchanges curious about views as part of maximum pressure effort on chinese to try to get them to the table broader deal. >> well, i do think that -- if we're serious about trying to
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get something done, there is going to have to be maximum pressure if you will, if you want to use that term there has to be real pressure that they feel that makes a difference and you see in their economy their growth slowed down, they are feeling this, but, at the same time, it has negative effects on a lot of u.s. industries and agriculture. you know this cuts both ways but if not now when? that is the real question. >> what about this whistle-blower to recover governor the former u.s. ambassador to ukraine selled to sit down for an interview later this morning now report ukraine whistle-blower worked no obama administration with then-vice president joe biden one of washington's most contentious issues your take on impeachment inquiry. >>. >> look the democrats decided long, long, long ago that, donald trump ought to be impeached now trying to decide
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why. [laughter] that is what all this is about they are looking for something that they can sell to american people. if you look at what vice president biden said he did, threatening ukrainian government with -- with withholding interiorly a billion dollars iffy remember right of u.s. aid if did not fire prosecutor general donald trump and his administration did nothing vaguely close to that don't take my word for it, that is what the president of ukraine said he didn't feel threatened, it wasn't blackmail this was no pressure. so -- but -- i -- i just think that it -- that this is begana continue, the democrats are absolutely focused on this, if ukraine went away tomorrow would it be something else next week. i am i am a recovering lawyer, maria. and i remember in american
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jurisprudence system in english people accused of have a right to confront their accuser. in this case, the whistle-blower rule apparently you not only don't have right to con confront your accuser don't even have right to know who your accuser is. maria: that is why it lost a lot of credibility all in secret we don't foe what anybody is saying want to impeach a president behind closed doors. >> and they want to do it purely on hearsay -- >> plantar told i go i go, i don't know anything directly, but i have heard all this like me saying i watch cnn, i heard bad stuff about trump. maria: i also want to know if nats met with the whistle-blower. i mean it sounds similar to kristine blasey should ford they met with her 30 hours before they testified brought charges against brett kavanaugh did adam schiff and staff meet with whistle-blower to help him or her carve up this -- this complaint?
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dagen: the latest that lawyers for this whistle-blower don't want to have this individual testify in person or asking that whistle-blower submit testimony in writing. instead of appearing in person, this is -- according to reporting in "the wall street journal" today, and newt gingrich brought up issue of trump impeachment. here is the article, that printed out yesterday will trump be impeached, about is written in "vanity fair" november 14. 2016. right after -- someone he quoted on record saying they skoon impeach him because of trump university. >> if judged a fraud so this is at play, what democrats are clearly trying to do, is use the ukraine issue, to open the door, to investigate anybody and everybody, related to this administration. and again, the thought that they would try to bring impeachment charges related to
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obstruction of congress this white house legally is withholding information going to try to impeach him for blocking an impeachment proceeding that isn't an impeachment proceeding how insane is that. >> they had their guy for a while a couple years, and just looking for the reason to impeach they have got their guy now got to find a crime also really unnerving to see adam schiff chairman of the intel committee sit there at podium kick off hearing make stuff up, right you've got transcript in front of him he decided to emwill be aboutish create a conversation that did not happen. >> there that is. >> i was not english major but parity usually doesn't have anything to do with facts. maria: exactly governor great to see you this morning thanks so much haley barbour. >> eye on oil prices up 1 1/2% reports iranian oil tanker hit by two missiles off the coast of saudi arabia the very latest developments all
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attacked this red sea. cheryl: officials claiming two missiles hit tanker off the coast of saudi arabia, iran state television says strike caused a leak oil spilling into red sea that leak reportedly has been stopped energy stocks higher on news oil as well exxon have mobile chevron schlumberger higher premarket as well -- >> california hundreds every thousands pg&e customers in the dark utility cut power airs vulnerable to wildfires pg&e ceo apologized for poor communication incorrect outage maps also said future power
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outages are likely governor gavin newsom slammed pg&e calling the situation unacceptable pg&e higher in premarket. >> flying cars may be sooner than we think boeing, porsche partnering to make electric flick vehicle boeing testified aerial car four people place to 50 miles, porsche wants to become leading brand for premium mobility could mean moving into third dimension of travel georgia malif you lying strangerer things going to like this georgia mall up for sale whole mall price a mystery, bill reportedlies concludes shomg center is in deluth. >> in fact no one notified a body was left there two weeks -- i know, if you love the show -- that story was for you.
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even though big monster kind of blew up the mall in the show besides that. maria: we have breaking news the fox is about alert president on the ground object of mexico telling nancy pelosi he itself confident u.s. us -- usmca will pass mexico not seek changes to the deal country is waiting on others' approval we are expecting canada to do the same, of course, we are waiting are for speaker to where i the bill to the floor for a vote a short break when we come back apple nearing all-time high this morning we tell you ways drive that stock up 1 1/4% beer without buzz brooklyn brewerly to launch first nonalcoholic beer, later this hour ♪ ♪ sir, you're a broker.
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maria: welcome back watching apple this morning nearing all-time high up 1 and quarter % gerri willis on the floor looking at that we have to see with what trade hltdz we get apple shares higher you can up 1.24%, price target to 256 from 245 head of apple's launch of video streaming service sees big potential show stopping pricing in note installed base 900 milliontive users worldwide with iphones, closing 232.07 we will watch that all day, roku, from 107
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to -- from 107 to 155 by rbc, analysts saying one of the best positions to take share very large under pen traitdz 70 billion tv market back to you. >> thank you so much what a move 7 1/2% apple as well largest holdings. >> we i spent half life defending this stock in periods of difficulty, 18, 19 multiple net sellers taking profits because we were buyers 4 years ago i think you have to come down and say, you know, the job of an investor is to sell to aerg buye-- eager brierz we are scaling out we bot jan when they disappointed on earnings nobody want to own now going to sell. >> it you must feel much growth story has been realized or just made enough that you
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don't want to be greed you want out what is the growth story going forward. >> growth story is services iphone cycle, one of the best on wall street -- i pay attention to what he says but as an investor, my job is to make he money for clients, not to just round trip things, so we are not selling out wholesale but trimming back from last week selling again, it is largest holding we are forced to sell actually. >> broader market arguments made that you want to start sailing back selling into rallies or do you think the growth story backdrop remains strong. >> i am saying i think backdrop definitely remains strong especially if we get a deal i think markets going to react positively even piecemeal detail he looks like we are headed politically i don't agree the markets are in a different state of mind just want to see deal done they are desperate for it we have limousine last five or six months treating every piece of news broadly speaking indicators very positive, by
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the away where else you going. >> that is true, too. >> we will take a break when we come back china trade holes futures set for triple-digit move start of trading what is at stake with a truce with china hours abode of a meeting with china's top negotiator. >> we are taking you go live for a look into trend how it is impacting business stay with us. ♪ ♪ i needed somebody, i need somebody, somebody like you, yeah ♪ i need somebody ♪ but in a world full of talking, shouldn't somebody be listening? so. let's talk. we are edward jones. with one financial advisor per office, we're built for hearing what's important to you.
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one to one. edward jones. it's time for investing to feel individual.
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fun fact: 1 in 4 of us millennials have debt we might die with. and most of that debt is actually from credit cards. it's just not right. but with sofi, you can get your credit cards right - by consolidating your credit card debt into one monthly payment. you can get your interest rate right - by locking in a fixed low rate today. and you can get your money right. with sofi. check your rate in 2 minutes or less. get a no-fee personal loan up to $100k. thanks for joining us. i'm maria bartiromo. it is friday,october 11 top stories right now 8:29 a.m. on the east coast, global markets up this morning, on hopes for china deal next round of talks getting under way next hour, china top negotiator headed to white house to meet with president trump later today
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markets building on yesterday's rally this morning triple-digit move start of tradeings dow futures up 244 points 1% s&p up 27 nasdaq up 80 better than 1% there as well european indices also higher this morning, because there are renewed hopes of a brexit deal after the uk and iri irish prime ministers met. >> cac quarante in pairs up 60 dax up 2% in germany, u.s.-china trade hopes a rally in asia overnight of best perform hong kong up better than 2% we are expecting more protesters on street in hong kong, new fallout from initiative b.a. hong kong controversy the league apologizing after shutting down a reporter who tried to ask a question about the tensions, now they are ending all media availability during the trip for the nba in china outspoken golden state coach steve kerr takes jab at america deflecting a question about human rights abuses in china you are not going to
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believer how he handled that question unbelievable. >> ceo holds a meeting trying o bring end to coastal walkout. >> new york's lightest brew brooklyn brew adding first nonalcoholic beer big for a name known for high alcohol content we are to do the brewery to find out what excitement is about top story u.s.-china today talks day two picking this up morning president trump is expected to meet with chinese vice premier liu he at the white house sounded optimistic last night yesterday about negotiations before he left for a rally, watch. >> we just -- completed a negotiations with china, we are doing very well we are having another one tomorrow. i am meeting with vice premier at the white house, and i think it is going really well. >> joining us right now china baij book ceo great to see you
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thanks so much for being here what is your characterization of this meeting, and so far the talks between u.s. and china. >> a totally different environment than august when everybody was mad at each other, you are seeing a lot of u.s.-china tension of national security side of relationship but in trade they have been able to put this in separate track both sides interested in moving forward the president wants ag buys something mere if he can get it chinese pant tariff pullbacks if they get it moving closer and closer. >> can president do a deal without big ticket items u.s. wants like theft of intellectual property. >> i don't think so he could do a baby deal get some ag purchases forward momentum but white house really wants is this point of view middle highway they can pull back tariffs put on strangle trajectory hawks in white house want tariffs pulled back 250 billion at the same time,
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they get some concessions on chinese ip from original main text agriculture apply there is a middle way white house going that direction, we are going to see if they can get it. >> -- rather -- the china is really slowing down in that we're in much stronger position, we also know that sometimes the chinese members are -- maybe somewhat suspect so i am wondering what your data collection is showing if matching, what the government is putting forward? and then do you think that this transition of american companies maybe moving supply chains away will continue. >> no this is exactly what we're seeing we actually saw a more resilient chinese economy earlier in the year a lot more kreth provision into it chan chinese admitting even with that provision and return of shadowed banking record bond sales quite fie bank borrowing we saw third quarter that dropped almost across the board. much weaker data weakest quarter we've seen chinese are
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under pressure particularly third quarter more than any or part of the year the other part of this this is pushing tensions relationship are pushing this schism. >> chinese loss from directions more amenable to deal than i think many think. >> thanks for input how of potential -- out of companies with intentions mutual funds to they think realistically that we may prevent them from enlisting on exchanges would be very punitive measures as you are probably aware after financial crisis reverse mergers crunches could come on our to being exchange acquire them basically most frauds. >> huge move concludes spectrum of movers we could do towards it the idea of forceful delifting ordering a chinese company off is not going to happen what has been talked about is requiring chinese companies to adhere to the same rules american
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companies do adhere to alibaba doesn't need to have books looked at walmart does fairness issues at play another thing pushing very hard which is that government pension money that is going to be flowing as of next year, into chinese companies if the government pensionism starts he reflecting msci moving towards china inclusive index looking closely at that make sure money not flowing from u.s. government workers to chinese companies ultimately to poa. >> are we going to see any impact from this latest news from china now, china is saying, it is willing to remove those limits in terms of foreign ownership for financial services companies how significant in your view. >> i think a good first step we need to see this, but the question is, not whether they are going to remove limit the question is whether u.s. companies when foreign companies can operate inside chinese economy without
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retribution, nontariff barriers without regulations stymieing can they operate in enhe tempered environment chinese companies have market share in all major sarkozy. >> j.p. morgan any bank you go into china can't own 51% right you have to own 49% of a joint venture, does this change that? >> it changes 51% theoretically means you are in control of business chinese really will they allow you to control your business. >> i am skeptical of this even if you get ownership change question is can you compete against companies that have been entrenched two decades. >> protests in hong kong how much pretty much putting on xi jinping? hundreds have flooded streets this morning. for another weekend pro-democracy demonstrations nba story canceling media availabilitied following that news conference yesterday. >> hi, chris tina cnn, the nba has been -- prides itself when
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fairness coaches able to speak out openly about political -- i just wonder after the event of this week about the fallout we've seen whether you would both feel differently about speaking out in that way in the future? >> who excuse me. >> -- >> the question this is event that happened this week during the nba. >> -- >> this -- particular question has not been -- >> well they apologized to cnn reporter canceled all media opportunities wide ramifications. >> i think a game changer you ever seen chinese government but pressure on hotel chains airlines others, for years, but that didn't really erupt in public anger it was inconvenience this is crossing partisan divide i think chinese balanced played --
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overplayed hand at this pointed i think the nba is realizing this that is why they are shutting down people, they want to hit reset come back figure out the way they should handle this realize they need to be into more than just business they have got to figure out political sensitivities. >> look at companies bullied marriott, some rolling over app companies pulling apps related to hong kong protests from app stores after pushback in chinese government apple among them pulling back that app that was allowing people at hong kong to identifier where ploifrp jay google pulled hong kong protest app as well after apple did maria: the issue is that you know everything is questioned under free speech as you p presuppression did it violate technically rules in terms of app store the question the
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whole fact that we haven't been looking closer what rules are apps are taken out because of this for clearly political sni. all needs to be reexamined this is beginning of the reexamination. >> don't have regulator regime in place to handle issues we need to codify them in nba probably under antitrust he exemption. >> this is really important subject i think what i hear you saying is sure the chinese are going to relax rules in terms of ownership but what happens when you get there still plug pushing companies to it does china's way even if app is in hong kong. >> that is the problem, you know, this is this is going to be a question in congress looking for ways to gets more involved in u.d china relations this may bee new era congress starts to step up game in terms of u.s.-china remediations. dagen: every time refer to steve kerr from now on i am going to say communist steve kerr, comrade he tried to
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change subject rather than ask about human rights abuses in united states and china brought up people mowing people down with ar-15s. >> to equate america freest country on planet to what is going on in china is disgrace i agree with you, you have concentration camps holdings 2 million, 3 million we are uighurs right now to equate to u.s. the way he did unbelievable. >> chinese people do not the freedoms we have in united states rather than standing up again always the irony if he had the ability to speak his mind because he is an american citizen. case he comes from this country, because we protect that very speech, but to do it to -- to use your freedom of speech to basically blow back at united states to creative united states, and our way of life our values on foreign soil is just the beyond the
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pale. >> really is, disgraceful this is a debate and fight over values. you know, china and u.s., very different values. we want your insight, thanks so much we'll be right back. from fidelity. fidelity now has zero commissions for online u.s. equity trades and etfs. and fidelity also offers zero account fees for brokerage accounts, plus zero minimums to open an account. and only fidelity offers four zero expense ratio index funds directly to investors. with all of those zeros, there are zero reasons to invest anywhere else. fidelity. ♪ so maybe i'll win ♪ saved by zero
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for work, to ends two decades of conflicts with neighboring he recei-- etria. >> calls it a prize given to africa to ethiopia elected prime minister last year. >> general motors ceo looking to get striking workers back on the job hoping to jump-start negotiations with united auto workers nearing one month mark the strike, the job action may not end for a while, a letter to gm from away vice president says he doesn't know how long it will take to come to terms that is an issue, gm manufacturing for company officer of union would increase compensation for workers as well as create a clear path to permit employment for temporary workers gm higher almost 1 1/2% premarket there you go back over to you.
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maria: thanks we show you picture here secretary of treasury mnuchin arriving for talks this morning with chinese officials we are waiting for any details out of this important meeting we know president trump will be meeting with the chief negotiator from china about 2:45 pm eastern this afternoon meetings eminently in washington steven mnuchin entered the billed waiting for chinese officials to enter high level negotiations continue for day two today in washington. >> talking about story all week has dominated markets attention, our program as well to look at top to moments from the program this week. >> -- chinese businesses cut ties with houston rockets after its manager expressed support for hong kong' pro-democracy activists in a tweet. >> large percentage of people standing up in hong kong every
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saturday, peacefully protesting for freedom of speech a defining moment houston rocket gm should be celebrated he understands what america means. >> we have big problem biggest technology companies in yu states china biggest revenue growth opportunity smaller tech see china huge investment opportunity chinese money going to flow into company make decisions based on this often say they are doing things for one reason, and behind-the-scenes they are actually being influenced by this desire to work with chinese, over american interests. >> chinese government, there. >> well, you just got your partner back. >> reaction? >> [laughter] >> well that is cheeky and american -- this appalling what nba has done o grovelling in front of chinese reckless
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disregard to veronica idea chinese people love american basketball is going to change president xi's minds i think not being acrat you have. >> been incredible leader in this industry 25 years i know you with integrity why firm iss trustedz tell me how things changed over 25-year period. >> first of all, i loved investing i love people who love to invest. and i have at wanted to make it better easier, cheaper for people to invest get more people, into our democracy. free market capitalism. and so we have done it. >> we are expecting, legislator rates means recovery could be more sustainable, you know -- basically the lowest unemployment ever in 50 years, so we think u.s. consumer very resilient the end of 70% -- >> your thoughts on president and white house saying year not going to participate, in this impeachment what some people are calling show as opposed to impeachment inquiry. >> if you are going to conduct
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impeachment inquiry you might as well have a vote make it official having unofficial so at a to speak impeachment inquire doesn't make sense the position completely reasonable on part of the white house. >> if you have week after week "new york times," "washington post," all major networks giving their version of reality, it has an effect. does it mean trump is going to lose the flex. >> no. >> impeached, no. >> the museum of ice cream the sweetest pop-up experience. >> dream he about going into oceans sprinkles why doesn't this exist as adult we made it for world's experience. >> mutually of ice cream valued 200 million dollars, so successful you have been dubbed millennial walt disney. >> creating next disney for millennials, general general z, you are right in crosshairs put something in crosshairs a
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launching first nonalcoholic beer kristina partsinevelos in brooklyn with details on this good morning. >> good morning, maria. look at this surrounded by alcohol what i am holding in my hand is a nonalcoholic beer this is a brooklyn brewery special effects design on the cans over here, right now in the brewery this is all alcoholic beer i mentioned make over 100 large kegs i
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have been told but importance the trend towards nonalcoholic products according to the beer institute oval beer sales declined 2.5% companies need to diversify we spoke to ceo about this about the demographics of his customers liven. >> younger people that can kind of see where this fits in their life, because maybe don't have preconceptions older generations had about nonalcoholic beverages thereof coming into a world with much more variety. >> ceo went on to say goal is to break the stigma notw not talk employing stigma only for pregnant people sober but those don't want to drink alcohol launching this hoping it will do what is actually doing quite well launched in
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it sweden several countries there launched in united states in 8 states by november but on tap behind me in january a massive rollout, 30 states, so if you are wondering those at home you know i don't like beer concerned about calories this can is 85 calories less than a can of beer, six pack will cost you around 10 bucks something we are starting to see more and more maria the fact people are tapping into different trends one last question we did ask ceo would you ever consider going into you know cbd, helm alcohol, he said they can go any dress, as long as true to the brand so for first time ever i will try i don't do on live television let you know i just brushed my teeth, that is what we want to happen on live television splatter all over my face. >> it is a hopy lager.
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>> does it taste good you like it? >> i -- so, yeah, it actually is a little bit lighter than what i expected but definitely tastes like beer i have it dripping down me right now lighter a little bit lighter right back with final thoughts from this all-star panel. were you going to tell me about this? i know i can't afford to go. i still have this car so you can afford to go. i am so proud of you. thanks. principal. we can help you plan for that. start today at principal.com. 2,000 fence posts. 900 acres. 48 bales. all before lunch, which we caught last saturday. we earn our scars.
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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, maria: i want to show you more live pictures. steve mnuchin, treasury secretary, along with liu he arriving for trade talks right here. bob lighthizer, the trade representative, as well. this day two of talks is under way, as you can see there, just walking in. we know that liu he is also going to meet with the president later today. that's happening at 2:45 p.m. eastern. we will be watching these meetings, of course, for any news that comes out of these meetings in washington and we have these new pictures for you as the chinese delegation has arrived for the trade talks for day two, and we will keep a watch on for any details in terms of what happens next. markets are rallying on this meeting, of course, and the idea that maybe things are going well. that's what the president said yesterday, after initial -- the initial meeting yesterday. market is up 262 points, but the
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markets have been following this like a bouncing ball, every comment that comes out, markets are trading on. we'll be right back. we want to keep looking at this, because this is the issue that's driving markets. but there are other issues as well. you talked earlier about the potential for a slowdown. you're not seeing it? >> not at all. maria: in terms of a recession. >> yeah. we don't see it. the hand-wringing has been over the ism, the manufacturing and non-manufacturing. we just don't see that happening. five times since this expansion began, non- -- or manufacturing has fallen to the 50 or below level which is where we get contraction in the economy. we think we will bounce off this and you will average about 10% to 12% in stocks and that's not bad. as we were talking earlier, there's not a lot of other places to go. maria: this is the broader backdrop from a story that is obviously being driven by the chinese talks. going into this week, dagen, you know the chinese said they
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wanted a smaller deal. they wanted to just focus on trade and not anything else. we have headlines today that the chinese are willing to do away with their foreign ownership rules on financial services companies. that's the first industry that's going to get that. up until now, you had to own 59% at best in terms of having any ownership of your company in china. >> right, but it's -- also, recently clearing the approval of licenses for american firms to do business with huawei, if that move is completed that would be a huge improvement in these talks. that's clearly under discussion in the last couple of days. >> this is a national security issue. we can't take that -- separate those two things. my prediction is we are going to get a small deal because this is bad for both countries and my hope is that some agreement will happen. but not lose sight of the bigger picture that this country is starting to talk about. maria: how do you do that? the chinese don't want any, you know, anything in there that gives consequences for theft of technology. >> to your point, that's a huge
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issue. even if they allow tyou to have some percentage ownership of a business there, they might steal it. maria: great show, everybody. have a great weekend. "varney & company" begins right now. stu, take it away. stuart: good morning, maria. good morning, everyone. whoa, a burst of optimism. a lot of positive signs that a mini deal with china will be announced today. this deal would likely include action on currency manipulation, tariffs, buying american farm produce and maybe fewer restrictions on china's tech giant, huawei. president trump said the talks have been going really well, his words, and that they would be wrapped up, his words, today. and he's scheduled to meet china's vice premier in the white house around 3:00 eastern this afternoon. no negative comments from the chinese side. in fact, state-run media released a photo from inside the talks, showing smiles and handshakes

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