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tv   Mornings With Maria Bartiromo  FOX Business  October 20, 2021 6:00am-9:00am EDT

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or a modern masterpiece overlooking the rocky mountains. because an america, dreams and dream homes still come true. (ambient music) maria: good wednesday morning, everyone. thanks so much for joining us. i'm maria bartiromo and it is wednesday october 20th, your top stories right now 6:00 a.m. on the east coast. president biden's approval numbers plummeting, new polls showing americans are concerned with the president's handling of the economy, the pandemic and the border crisis sending his approval rating to new lows this as support grows for border wall. we have all the numbers coming up. markets this morning are showing for direction. dow industrials right now up
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fractionally about 8 points this morning. s&p 500 flat and the nasdaq higher by 3. following day of gains yesterday boosted by strong earnings, s&p notching its highest close in 6 weeks dow industrials gain yesterday on the session of 198 points by the close. s&p 500 was higher by 33 and the nasdaq up on the session by 107. european markets this morning take a look at the euro zone here. mixed story as you will see. the ftse 100 and the cac are pretty much flat on the session but the dax index in germany right now is higher by 15. in asia overnight. mixed story, hong kong best performer once again, hang seng index up one and a third percent on the session, mornings with maria live right now.
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now some of the top stories that we are watching this morning. the biden administration defending the secret flights of unaccompanied migrant children across the country in the middle of the night. this is something that you've heard on the program. i've been reporting for several weeks in different cities. here is press secretary jen psaki snarky response when pressed by peter doocy. >> why is the administration flying migrants in the middle of the night? >> children can be seen to states not only to new york and we are working to unite children with their family members or vetted sponsors. maria: chartered flights arriving outside of new york city in westchester, private airport carrying teenagers
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originating in texas obviously originating at the texas border. 1,000 migrant children have already arrived since august and we have averaging 200,000 apprehensions every month. that does not include hundreds of thousands of other got aways this year. president biden is heading back to his hometown of scranton, pennsylvania to try to push spending agenda. of course, not just the cost that moderates are complaining about but the large federal programs that will be in place for some time. getting acts from the bill right now free two-year community college and clean electricity program. the white house says it wants to strike a deal in the next couple of days stressing that the window to finalize a package is closing. democrats also appearing to scale down proposal of irs accounts raising the threshold
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which still captures most americans and add exemption that would spare some, mentioning firefighters and teachers will be exempt. republicans call the plan unworkable and still subject almost everybody to unprecedented government surveillance. facebook is looking to change its name. the company reportedly planning to rebrand to reflect a larger portfolio which, of course, includes instagram, whatsapp and oculus. not word on the new name but can happen on october 28th. dc attorney general reportedly to add facebook mark zuckerberg to protection lawsuit. we will keep monitoring the story as well. give you the updates as we get them. futures are searching for direction today. earning season kick to go high gear. dow industrials up about 1. s&p exactly it closed yesterday and nasdaq higher by 1 and a half right now. netflix close after close last night. beat expectations, revenue came
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at $7.48 billion as you can see little disappointment and the stock is down one and two-thirds percent. of course, it's been on fire. today we are lacking ahead big names like tesla, verizon and ibm. joining me right now lane generational founder fred lane, also joining the conversation all morning long fox business dagen mcdowell and tammy bruce. >> fred, tell me me where we are in terms of the backdrop for the markets. >> i think that you will see pretty consistently it's the tale of two cities. the technology companies, companies to some extent have been beneficiaries to the pandemic and continue to show strong earnings. software companies or cloud, cloud players. those companies really have not been hurt by the pandemic.
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they also have significant pricing power by contrast you have companies that, you know, aren't really being hampered by the supply chain and by the cost of lib and by the cost of energy. you add all of those things up and you will have a lot of excuses and a lot of disappointments and i think investors will accept that because it's logical and they will say, okay, i will continue to invest here because i don't have any other place to invest but i think the bottom line here is there's a lot of uncertainties here going forward over the next 3 months and that's why we will continue to see volatility. we have the fed chairman -- maria: yeah. >> go ahead. go ahead. maria: no, please, tell me the uncertainties and i want to know what you're doing about it. how do you invest in the face of all of this but continue with the uncertainties because you're right, the fed is certainly a question. >> right, well, we have elizabeth warren shooting at
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powell which i think is -- i think it's shameful personally. i spent part of my life in massachusetts so i feel particularly qualified to say that. i think it's shameful. we are so politicizing the fed it's terrible. and i think, you know, so that's an area of uncertainty. i think another area of uncertainty is what's going on with energy cost. energy cost are very important input in this country for distribution and manufacturing and for the consumer and to the extent that we continue with our green energy push which i'm in favor of on the one hand but i'm not in favor of suppressing drilling because we are going to be relying on fossil fuel for a good long time. i think you have those pressures. then finally, as you mentioned earlier, we have the infrastructure bill and the question is or the stimulus bill and the question is how much is infrastructure and how much is the institution of persistent cost into the structure. we all know that over time big
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government costs us in terms of potential gdp. there have been many studies done over the last few decades which would say that as big government increases or as government infrastructure increases, for example, by 10%, that's associated with the 0.5 to 1% reduction in potential gdp. so i think, you know, the pushback here from -- in parts of congress to control these what i will call government programs that are going to persist, i think it's very important that we do that. personally what we are doing as investors is we are continuing the stay the course with respect to the secular, innovative secular growth companies that have pricing power, examples of companies that we own currently, i own currently. what i own and the firm are exactly the same now. service now, adobe, amazon fits in the category because of the very significant cloud hosting
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business. cosco has been an interesting one. cosco had to go and hire -- lease i should say a bunch of tankers to bring goods from asia because they can't be relying on just the long beach port so they've actually again out and leased boats and they have tremendous pricing power because half of the profitability comes from their annual membership dues. the rest of it comes from a pretty small gross margin so i think they have pretty good pricing power. i think they can pass on the cost to their consumers, to their customers pretty effectively. if you go to cosco, you know that you're not getting ripped off or taking advantage of because they try to cap the gross margin at 14%. maria: all gate ideas, fred, you mentioned something that is so trouble to me and second time this week that we talked about the politicization of the federal reserve because we know that we have seen the stories here and there about trading
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from fed presidents and now yesterday the target was on jay powell. other people say there was nothing improper. maybe just the optics of having fed presidents be able to trade in the first place is the issue but there was really nothing improper. you think this is elizabeth warren and the progressives trying to take him down to put in a much more progressive head of the federal reserve, that's what you think is going on here just to be clear? >> to be clear that's exactly what i think is going on and i think -- it's kind of interesting because if you're more progressive as a fed chair, what does that say on interest rates and actually i think it says interest rates probably try to force them down, try to force more stimulus which, of course, is going to be -- more inflationary over time. but i don't know if they'll be successful in doing that. look, you know there's a lot of tension right now. there's a lot of tension in the house. a lot of the moderate democrats
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are pretty apprehensive about appealing to the side of the progressives and it's an unfortunate divisiveness that we have in the country, so -- maria: and we've had -- we've had massive progressive movement to defund the police. we know where that went. we've got this massive progressive movement to spend as much money as possible, create a welfare state. we know where that's going. we had the progressive movement in terms of it knowing the border, we've got massive wide open borders and now the progressives want to take on the federal reserve, our audience needs to understand what's going on. fred, we appreciate you bying it up. thank you, sir. >> thank you. we will see you soon. fred lane. the morning mover novavaxx after politico reported that the
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manufacturing problems jeopardizing for middle and low-income countries. government invested $1.6 billion in this company last year. stock is down now better than 19%. we have a lot coming up this morning. we are just getting started. coming up pushing back on president biden's irs snooping plan. we've got vaccine mandates, bank surveillance, censorship, democrats plan to go raise the transaction threshold but it will still affect most americans and every state is a border state. congressman is here slamming the administration for secretly flying hundreds of migrants to the northeast in the dead of night without warning. then no turkey for you, how the supply chain crisis could put your thanksgiving plans in jeopardy, we have good news coming up as well. don't miss it. you're watching mornings with maria live on fox business.
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maria: welcome back senate democrats scaling back proposal requiring banks to send the irs information, more information on our bank accounts. they claim they want to find more tax cheats, the new proposal would require banks to provide data on accounts with total annual deposits or withdrawals over $10,000 up from the plan's original 600-dollar threshold. opponents of the plan including pennsylvania senator pat toomey are calling it problematic for americans. >> the proposal will affect almost every single american not just average americans but the vast majority of americans have accounts that will go through $601 and if they raise it to $10,000 it'll still capture
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everybody and every small business and you have to ask yourself for what purpose. maria: joining me right now is north carolina congressman house financial services committee member ted budd, congressman, thank you very much for being here. walk us through this plan. exactly what is captured with this 10,000-dollar number? >> well, essentially everything. it's a giant dragnet and weponizes your local community bank and credit union, the big banks, the small banks and it's essentially to pay for the socialist agenda that the democrats are proposing right now whether it's 3 and a half trillion or 6 trillion or 1.2 trillion, whatever the number is, they have to find a way to pay for it which is very suspicious since joe biden says it cost zero and now they are weponizing the irs against the american people. maria: so in other words, if i have a deposit of $10,000 over a
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year, if i take out money over a year that totals $10,000, those transactions will go to the irs? >> if a parent pays for a semester of college or pay for new roof on their house, they are now suspicious according to the irs and it's forcing these local banks to report this activity. essentially it models itself after the suspicious activity report for 10,000-dollar or more cash withdrawal, the threshold was $6,000 and there was so much threshold. they changed the amount which is the same problem, maria. maria: yeah, i understand that they want to raise money by finding tax cheats under rocks to pay for the salt deduction that they want to keep in there. in other words, they want to make the rich people in new york and new jersey happy by
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surveilling everybody else's accounts and getting $10,000 over 1 year which, of course, captures most people. where does this stand? the president made a cut to 3 and a half trillion dollar spending plan yesterday. many of the original plans proposals are still in there. they include green energy, expanded medicare benefits, they are going to stay put but programs favored by some progressives like free community college will be out. so what are your thoughts in terms of whether or not this is going to be enough to get this over the finish line? >> it's never enough to pay for the democrats' radical socialist agenda. they want the spend $80 billion more for the irs to weponized it against the american poor things that we talked about, the 10,000-dollar threshold or the 600,000-dollar threshold. we know it's going to be closer to $2 trillion but the problems are still the same. they don't talk about what it does to the american people and
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they are just talking about a number right now. it's not proposing anything that creates value for the american people. they are just talking about spending more and more to move us towards a socialist nation. i mean, this is in the what we are facing under president trump a couple of ago. we were getting more free and more prosperous, the average everyday person's wages were rising and now look at where we are in total democratic control. >> feels like totalitarian government, you have vaccine mandates and you have bank surveillance and you have censorship of speech. i would imagine people are upset about this. it feels like communist china. >> it's only the beginning. they talk about freedom but what they want to do is take them away. they want to move us towards and guideline down what's exceptional about our country. the whole thing that president trump was doing was making us more free, making us great but right now what we are seeing is the grinding down, the modeling
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after european socialist state. maria: congressman, thank you very much, we will keep following it and putting spotlight on it. congressman ted budd. we have new polls this morning and how it's fueling support for border wall now. you won't believe how much somebody paid to own this vintage shirt. the t-shirt making a buzz this morning. when we come back, we'll tell you all about it.
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maria: welcome back, president biden's approval ratings continue to plusment. a new quinnipiac poll finding 37% of people are approving to have job that joe biden is doing. full 52% say that they disapprove. when asked about the most urgent issues facing america, the top answers were the economy, covid-19, immigration and health care. one of the biggest standouts of
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this poll the border wall, 45% of people support building a wall along the border with mexico. 49% oppose the lowest level of opposition since the question was first asked in 2016. tammy bruce, welcome to the show. really happy that you're with us this morning. your thoughts on this plummeting of president biden's approval rating. >> pleasure to be with you and thank you for asking me and what i say to my radio audience as well is this should make americans comfortable to realize that, in fact, they are not divided against their neighbors, that americans are not severely divided about what's important to them. the fact is that we are seeing the numbers change, the biden approval number in particular indicates that really no matter who you are republican, democrat and especially independent that americans don't like what's going on and this speaks to all sectors, right, certainly businesses if you're a worker, if you're a small business owner, if you're an
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entrepreneur, if you're a banker, if you're a stay at home and if you're a lawyer. americans have a unified point of view about the future and that it should be open, it should be filled with opportunity and what we are seeing strangely in every single aspect are decisions in policies that hurt the country and, you know, you don't need letters after your name and you don't need to be a special genius with economics to know that something very bad has happened like afghanistan, you didn't need to be in the military to understand this was a catastrophe and americans are tuned and they see this program and they don't like what's happening. maria: i think it's great analysis, dagen, i don't know, if i'm allowed to say this or not but i have to be honest but i'm very concerned about what's taking place in this country right now. i feel that we are in dangerous waters. i think the poll numbers obviously reflect that but just
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look at some of the issues that we are faced with and talk about every day, vaccine mandates causing so many people, thousands of people and so many industries to resign, get fired, censorship of speech which we have been talking about for so listening and now we are talking about bank surveillance, your thoughts? dagen: it's all of that but what every american is feeling is the inflation. the supply chain disruptions and then the energy crisis all of this caused by biden policies and so why are the approval ratings for the president plummeting? because their response to all of that is out of touch, it is condescending and dishonest. you have to actively try to be this loathsome. whether it's the president or the vice president or jen psaki who is this administration's mouthpiece. what did she say when asked about the supply chain disruption? she said, oh, the tragedy of the
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treadmill that's not arriving. that just shows a complete disconnect from what regular hard-working americans are feeling. this is -- inflation adjusted wages this year. average hourly earnings are down 2% since joe biden took office. people are struggling when they go to the grocery store, when they fill up their car and that's the response from this administration? again, i always say, don't spit in my face and tell me it's raining and that is exactly how these people in power are talking to regular americans and it's disgraceful. >> can i add another element -- >> i want to point out to add to the list and is crime and people
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are afraid to walk around in the neighborhood with gunshots flying and crime spiking across the country, tammy. >> lack of empathy in every single element. a few days before jean jen psaki's famous response of delayed treadmill. ron klein on twitter, it was a high-class issue. a stunning disconnect but lack of empathy throughout that entire system of recognizing what the average american is going through. it's the same with this irs snooping. is that this is going to hurt small businesses. small entrepreneurs, the middle class because you know if you get -- they say may trigger audits and if you have a lot of money, you can fight back if you're a small business owner or individual you can't and i think that's the point. maria: yeah, and all of this while china is rising wanting to overtake the united states.
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do you think the administration's kids and their kids and their grandkids are going to have the same opportunities and upbringing that they had in a chinese empire? we will take a look at china when we come back. it is facing slower economic growth. what that means for xi jinping's crack-down and the corporate crack-down that has impact sod many as well. stay with us. to be on autopilot. and to be prepared if anything changes. with ibm, you can do both. your business can bring data together across your clouds, from suppliers to shippers, to the factory floor. so whatever comes your way, the wheels keep moving. seamlessly modernizing your operations,
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you can experience better hearing with no obligation. call 1-800-miracle right now and experience a better life. maria: welcome back, good wednesday morning, everybody. thank you very much for joining us. i'm maria bartiromo, it is wednesday october 20th, take a look at markets this half an hour, hosting for direction this morning. the issues that are driving things. dow industrials are down a fraction. 3 points, s&p down half a point but the nasdaq is up 5 and a half and followed pretty good day yesterday where stocks were boosted by strong earnings. in fact, s&p 500 close to highest level in six weeks,
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45.19. dow industrials were up almost 200 at the close yesterday. habit 1 half of 1% with gain of 107. european markets this morning are also quiet and mix, take a look. euro zone pretty much across the board fractional moves. ftse 100 up 2 and cac down 4 and dax up 14. in asia overnight, mixed story, hong kong once again best performer, hang seng index was up better than 1% on the session, the others fractionally moving. back in the u.s. passengers on board a private jet lucky to be alive after their plane burst into flames during takeoff. lauren simonetti with the details, lauren. lauren: the images, maria, wait till you see them. private jet rolled through a fence and ignited in the field at an airport near houston yesterday morning. all 11 people on board manage today get out safely. only two minor injuries reported. ntsb reported to arrive today to investigate what went wrong and the plane was heading to
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american league championship series between houston astros and the boston red sox. wow, glad everybody is okay. southwest now scrapping plans to put unvaccinated workers on unpaid leave. the airline previously said any unvaccinated worker would be sent home in december even those who are waiting for medical or religious exemption. american airlines, united, alaska and jetblue have all enacted vaccine mandates for their employees but they don't have as many disruptions as southwest. meanwhile here in new york, mayor bill de blasio said to announce vaccine mandate for all city employees and eliminate the testing option. the mandate will apply to police officers and firefighters, so the nypd, their vaccination rate 69% amongst 55,000 cobs and civilian workers. city workers will have to get their first shot by november 1st. finally here google unveiling new pixel6 and pixel smartphone
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promising twice the protection. delivers 80% faster performance. stock up a tenth of 1% today. maria, back to you. maria: lauren, thanks very much. chinese president jinping looks for resistance as he plans to impose property tax plan. it doesn't matter what resistance he faces, though, because he is a communist country and running it. china home sales tumbling almost 17% last month as the dip crisis at china evergrande group is deterring buyers. joining me right now the ceo of china book, leland. thank you very much for being here being and i want to get your impact on all of this. 80% of china's household tied up in real estate and what about
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home sales slowing, what kind of impact do you see having on the china company and is broader economy in the globe? >> well, a lot of chinese never thought anything like the foreclosure would happen. it's more severe, 80% of household assets are invested in chinese real estate. so when -- when chinese families are seeing this happen, structurally it may be a good idea and the party may think it's a good idea but the families are looking around and are seeing household values go down and that's where they have the vast majority of assets in, it's a scary thing in terms of wealth destruction in china. maria: do you think that impacts the rest of the world as well? >> i don't think that the ever grand implosion affects the rest of the world. i don't think there's any type
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of global contagion. china is a nonfinancial system. it has a different tool kit than the united states or other western countries. what it means is in china you control all of the counterparties and the economy. you can order supplier, supply, you can order lenders to lend and borrowers to borrow. the type of liquidity freeze you have in terms of lehman moment in the quite, that won't happen in china. the chances of broader contagion are very low. the problem here is what it signals and right now you're looking at what i would say the death of the chinese growth model as we've known it for the simple fact that so much reckless credit expansion has gone to boosting property for building for building sake and they are nervous about the fact that the model can't continue and it can imperil the party. maria: maybe, but at the same time we have talked so much about xi jinping's plans to
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evertake the united states as the number 1 super power and some on wall street seem to be fine with funding the expansion of the ccp by investing in companies that are tied to the chinese military. milk and global. yet blackstone signaled that investments are still possible. where are you on that, leland? >> well, i'm not ready to say that china is uninvestable period because i don't think it is. i think it completely depends on your risk profile with a lot of multinational corporations have done, lots of financial firms have done for years and years has said simply china is big, lots of consumers, lots of opportunity, we have to go in there and figure it out and the idea that you are going to go in there and risk what could be
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seriously falls in company assets or stock prices, sales, et, now that's a very dangers thing to do. so for some firms that have a high enough risk profile right now china may be a good opportunity from a value standpoint because they're willing to take the risk but the idea of doing business in china and the way we've done it for the last 20 years, i think that era is over. >> because people understand increasingly that there are serious national security risks around funding companies that are looking to help take out the united states and then the behavior of the ccp, disappearing jack ma for all of that time, the cofounder of alibaba left china for the first time since business came under regulatory scrutiny about a year ago. he was seen in hong kong and now we understand was traveling in europe but he's going back to china. do you think he can be as prominent as he once was now that the ccp has been clear in
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terms of making him pay for negative comments he made about the financial services industry in china by disappearing him for several months? >> yeah, i don't think there's any chance, jack, could be high profile as he used to be and more importantly i don't think he would be willing to be. if he sees the risk in what happens, you become this high-profile opposition figure in china. it's not a political opposition figure but someone who is high profile that people know and i don't think jack is going to want to show his face around that much. right now i think he's happy to keep his whatever level of assets they're allowing to keep, keep his head down and try to move on with his life but i don't think that his job is going to be popping up and making comments about the party any time soon. maria: leland, before you go, what's your take on wall street firms that are getting the honeypot from the ccp. you can own 100% of your business in china.
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got the 100% go ahead and it's not typical that american company, foreign company can own 100% of its business and xi jinping is giving it to select firms. >> it's smart from beijing's view. we have been railing on this for years and years and years and not because we expected the stock but it won't. certain firms who are giving huge incentive to invest in china are going to go in there and if they're talking about china, you have to realize that they're talking their book when they are defending certain things that the regime is doing. you have to realize that the same firms investing are the same ones publishing commentary on how the economy is okay and things over there aren't that bad. you have to take everything with a grain of salt because all of these firms are in there talking their book. maria: that's exactly right. larry fink and ray daloi
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managing money for the ccp and funding the communist party expansion despite a comment and a goal of the ccp to overtake the united states and anybody who goes against them will get their head smashed in which is, of course, what xi jinping said at his anniversary celebration of the communist party. leland, always a pleasure to get your take. we so appreciate you being here this morning, thank you, sir. >> thank you, maria. maria: leland miller joining us. younger generations turning to social media for advice. i have a big programming coming up. american gold, the legend of bare gulch, 8:00 p.m. eastern followed by the pursuit, you're watching mornings with maria live on fox business.
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maria: welcome back, final advice on social media. new trend growing among younger generationings. we are on it, what it means for the future of banking? we will be right back in two-minute's th is shutting down the office
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taking tips from tiktok. aaron levine, great to have you, we spoke with chairman and ceo brian moynahan and the firm has invested so much in technology enabling lots of transactions from your mobile device. tell me what's happening overall in terms of gen zers looking for social media for tips. >> nice to see you. a few things going on. if you take the positive side of the story like you said 40% of gen z are looking at social media for investment. key is they are looking to learn and involved in investments as opposed to spending which is a good thing. the question is how do we make sure that the gen z and millennials are focused on investing and not effectively gambling and using the sites to get rich quick scheme and 65%
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are gen z and millennials and it's about creating more long-term priorities and thinking about how investing plays a part in long-term goals. maria: yeah, i'm glad that you mentioned life plan. more than 5 million customers have signed up for this service. tell me how it works, how it does make things easier and whether or not we could feel like younger generations and even older generations who may not be used to using technology in this way are having this and using this with ease. how does it work? >> yeah, one of the things our clients published for years is the challenge they have in different competing priorities in their financial life. they are trying to think of retirement at the same time buying a home and save for child's education and just everyday expenses and all of the different priorities, that's what makes it so difficult as
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they manage budget and think about investments and so when what's we did was create fully digital app that allows clients to go on there and identify what's most important to them so saving for retirement or saving for kid's college education and if those are the most important goals they can set them up and create a realtime way in which they can engage with not only us but with content and material that is designed to help them achieve those goals and helps them think through the priorities and get all the research that we have, industry-leading researching and different financial tools or seeking adviser to talk about different ways which they can invest over the longer-term period. maria: yeah, it's amazing how things have shifted and -- and evolved just over the last few years right, aron. it was a big deal a few years ago and able to deposit a check by taking a picture of it from your mobile phone and now you can do all sorts of things and what do you think is the biggest takeaway that is most helpful by
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using technology or mobile devices? >> well, to your point, we now have 85% of the deposits this are made of bank of america are done through mobile or atm and 15% are done the traditional route which is amazing stat as you said. there's a couple of things. it's all about the transactions of banking have certainly become highly digital so if you're going to deposit a check you can do that over the phone and if you want to move money, transfer money between accounts and pay credit card bill and pay for mortgage, apply for those things and all are digitized and important at the same time clients still do want to talk so someone. we had 900,000 appointments set up and people going online to do it but 900,000 times set up to come and see news the financial service. we have 700,000 clients a day walking into the financial service and the technology is allowing to happen more conveniently and frequently and
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allowed to get much better egg and complement the people side. maria: okay. yeah, it's good stuff, aron, thank you very much for being here walking us through it. we will see you soon. aron levine, from b of a. coming up the morning on the other side of this ok, let's talk about those changes to your financial plan. bill, mary? hey... it's our former broker carl. carl, say hi to nina, our schwab financial consultant. hm... i know how difficult these calls can be. not with schwab. nina made it easier to set up our financial plan.
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maria: welcome back. time for the morning buzz. well, a rock fan has a grateful t-shirt that belonged to audio engineering. the winner of the auction paid more than 19,000 bucks for the t-shirt. it was used in some of the band's early performances back in 1967. dagen, i know that you're a dead fan, what do you think? dagen: dead head, many times when jerry garcia was alive.
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i might add. t-shirts are a big thing in grateful dead culture but i want to point out that this was the first t-shirt that was issued by the band as an official t-shirt and there were only about 150 of them made in the first place. so it might be worth those kinds of bucks. i still have some old dead t-shirts. people would go on the road and travel and tool with the dead and they would make t-shirts and sell them in the parking lot before shows in order to pay for their travel. so i've got a couple that are pretty rad i must say. maria: you might want to put them out there for auction. look at it, 19,000 bucks, tammy. you're not going to part with them, dagen? dagen: no, this one was a band-issued t-shirt which was very rare. maria: i understand. >> my first concert that i saw was for abba and there were no t-shirts for abba selling for that amount of money.
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so that's my problem. yes, we have all have our favorites and congratulations to that person who had enough money to get that t-shirt because that's a good sign, isn't it? maria: are you a dancing queen, were you a dancing queen in your day? >> a little bit that and michael jackson, of course. i had the pleasure of seeing both. maria: me too. dancing queen for sure for me. quick break, the federal reserve, first bitcoin etf making big debut with the word on wall street. all coming up. mornings with maria live.
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that weren't there and believing things that weren't true. that worried us. during the course of their disease, around 50% of people with parkinson's may experience hallucinations or delusions. and these symptoms can get worse over time. nuplazid is the only approved medicine prescribed to significantly reduce hallucinations and delusions related to parkinson's. don't take nuplazid if you are allergic to its ingredients. nuplazid can increase the risk of death in elderly people with dementia-related psychosis and is not for treating symptoms unrelated to parkinson's disease. nuplazid can cause changes in heart rhythm and should not be taken if you have certain abnormal heart rhythms or take other drugs that are known to cause changes in heart rhythm. tell your doctor about any changes in medicines you're taking. the common side effects are swelling of the arms and legs and confusion. now this is something we want to see. don't wait. ask your healthcare provider about nuplazid.
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maria: welcome back. good wednesday morning, everybody. thanks so much for joining u i'm maria bartiromo. it is wednesday, october 20th. your top stories right now, 7:0. president biden approval rating sinks further underwater. new polls show americans are concerned with the president's handling on everything from the economy, the pandemic, and the
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border crisis. this as more americans are now showing had they support finishing the border wall. everything you need to know, coming up. markets this morning are searching for direction in the middle of third quarter earnings reporting season, the dow industrials right now unchanged as is the s&p 500. the nasdaq up about 8 and a quarter points right now. it follows a day of gains yesterday on wall street, boosted by strong earnings reports which we brought you in the show yesterday. take a look, the s&p 500 help notching the highest close in six weeks yesterday, up 33 points at 45, 19. the dow industrials were up almost 200 at 4:00 on wall street, nasdaq up better than three quarters of 1%. european markets are mixed, fractional moves pretty much across the board in you're row row-euro gls tone right now. the hand sang index was up better than 1% on the session. "mornings with maria" is live
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right now. now some of the top stories that we are following this morning. the white house blaming the supply chain crisis on american consumers with extra money to spend. >> and one of the reasons that there has a been so much traffic in a lot of these ports is because there are more goods that are being ordered by people across the country. people have more money, expendable resources. maria: oh, yeah, it's a good thing that oil is up 40% year over year. press secretary jen psaki also cracking a joke, saying that it's, quote, a tragedy that some people may have to wait longer for their treadmill to arrive as we watch empty store shelves in stores you across the country because of the supply shortages. take a look at inflation in america right now, businesses across the country are not laughing as they struggle to stock their shelves and american consumers are paying up. skyrocketing prices for food and gasoline with ground beef up
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almost 11%, bacon up 19%, eggs, 12 and-a-half percent. apples almost 8% higher. all this as ron klain says that this is a high class problem. democrats are looking to scale down the proposal for the irs surveillance of your bank account, raising the reporting threshold to $600 to 10,000, which nonetheless still captures most americans. this is $10,000 over one year. they also want to add an exemption that would spare some mentioning firefighters and teachers will be exempt from this. republicans are calling the plan unworkable. still subjects almost everybody to unprecedented government surveillance. facebook is looking to change its name, reportedly planning to he rebrand to reflect the larger portfolio which includes instagram, what's app and oculus. no word on a new name. it could come before the annual connect conference thats happens october 28th. it happens weeks after the company came under fire over its
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business practices take that were first revealed by the wall street journal. time tore the word on wall street, top investors watching your money. joining me is optimal capital director of strategy, francis newton stacy, chief market strategist, kenny carrie and keith fitzgerald. francis, kicking things off with you with a market that is really searching for direction this morning, fractional moves. it will be of course another big day for earnings today and throughout the week. we've got verizon, ibm, tesla, reporting later today, that may very well move markets, streamlining giant -- streaming giant netflix beat estimates last night, subscriber growth jumped and the stock is down 2% this morning. what's your take on the earnings season and what are the main take-aways from the third quarter from your standpoint? >> well, earnings are strong despite the fact that we had the delta variant and i think that's pleasantly surprising because what we're really looking for is a peak in growth, potentially a
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peak in inflation month over month numbers. i know that doesn't help the average consumer whatsoever. that's just the market viewpoint. and we're looking for a peak in earnings growth and actually the third quarter's looking pretty good, despite the delta variant and then you add that to the fact that we have a peak in the delta variant cases and it looks like covid is ameal i don't ameliorating forthe moment. you might see acceleration in the month over month numbers in gdp and earnings growth from the third to the fourth quarter. that's starting to get priced in. that's why we see reflationary trade. we see something unusual with rates moving higher at the same time equities are moving higher and that's saying so far companies have enough pricing power that this inflation that, quote, unquote, may or may not be so transitory is not yet affecting -- you're not having too much margin compression and balance sheets are looking good, particularly for these tech companies. maria: yeah.
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i mean, one thing that worries me is we've got a lack of visibility. we don't really know where covid is going. we don't really know where things are going in terms of lockdowns, as well as these mandates. we reported earlier that now mayor de blasio putting a mandate for vaccine for all new york city workers. >> that's true. i mean, you know, that's a -- i'm not for mandates. i don't think people should be forced to do anything personally, regardless of how you feel about the efficacy of the vaccine or what have you. i do think that these people that are leaving their jobs, it's going to prolong the labor situation. what's funny is the fed is holding pat as far as taper being because inflation is becoming problematic and they're pricing in two rate hikes for the end of 2022. we are living in different worlds as market participants versus the average joe and the sad thing about all of this is that this is going to exacerbate the wealth gap pretty
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dramatically but from the market perspective i think the market's going to have more challenges next year. we're facing lowered liquidity amounts, commercial and industrial loans have fallen off a cliff, general things that fiscal stimulus, even though we're getting a big package, it's coming at a slower rate and we've got the tightening. in the interim, we're excited about a he reacceleration of growth in the third to fourth quarter, there's a lot of risk on the table but markets are liking this. maria: lot of risk and people are going on that risk curve, keith, with bitcoin. take a look at bitcoin price, the first bitcoin linked etf jumping better than 4% in the trading debut on the new york stock exchange yesterday. we've got a up can he'll etfs of out -- couple of etfs out there, including bitcoin in the strategy. what are your thoughts on where bitcoin is today? >> well, there's a word that i don't use very often when it comes to the market. how cool is that? because now you've got dig nail money. this is -- digital money.
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this is a historic moment in financial history. i have a he question whether or not it's going to keep up with bitcoin prices or whether we get futures related context because you're 2 degrees off from the actual to real thing. great for the consumer, great development, historic moment in financial history. i love seeing it. personally, i may make money at this yet. maria: kenny, what about you? you like bitcoin here? what are your thoughts? you've been a stock guy for a long time. the federal reserve is driving things in many ways. economists don't think the fed is going to raise interest rates until 2023. we heard francis say maybe the end of 2022. you say inflation is not transitory. so where do you think monetary policy goes? >> i don't think it's transitory. i think that it's -- i think that quite honestly, i think they started to lose control of it. i think it's also very interesting that jay powell has kept that narrative, that tapering and interest rates are
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mutually exclusive so one doesn't necessarily mean the other happens. i also think it's interesting that most economists polled or the street, analysts and strategists, think like francis we're going to get rate hikes in june or maybe september of next year when suddenly this reuters poll shows the economists saying no, not until 2023 which i think is part of the narrative with the fed trying to control the calm and the angst in the market because i think they're trying to push that conversation out, you know, this formal poll of of economists saying don't worry, it's 2023. we can start the taper, no one has to worry about rates. i think that's a strategy to get the markets to calm. i don't think it's going to work. i think inflation is ahead and i think the fed will be forced to do something probably in june. maria: do any of your ideas change should powell not be reaappointed, kenny? i mean, look, there's this movement to attack jay powell
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and the fed that they can get in a more progressive fed chairman. we know what's behind the stories now. >> right. so listen, it's like that old comment, it's the he devil you know versus the devil you don't, right so we know jay powell and honestly i think jay powell has done so far a pretty good job s of trying to control the narrative and manage the situation. but if there's a disruption in fed leadership in january, if for some reason he's out, who is going to be in, what's their thinking, what it's going to do the fed thinking and policy, it's going to create a new level of angst that the market has to deal with and you and i both know that the first reaction of markets in uncertain timeses iso shoot first and ask questions later. they sell first and ask questions to see what does this mean now and the markets might rebound. i don't think it's a smart idea quite honestly. think what you want. i don't think it's a smart idea to replace jay powell at this moment in time. maria: yeah. well, the progressives are
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driving their narrative. great to see everybody this morning. thank you so much, francis, kenny and keith fitzgerald. quick break. much more ahead this morning. coming up, the white house skirting the question about migrant children being flown secretly from border states into the rest of the country, something we've been reporting for weeks now. new york congressman john k atko is here. netflix earnings roundup and the supply chain crunch, how it might affect your thanksgiving dinner. should you buy your turkey now? what you need to know. joining the conversation all morning long this morning, dagen mcdowell and tammy bruce. we'll get back to this fantastic panel when we come right back. you're watching "mornings with maria" live on fox business.
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>> why is the administration flying thousands of migrants from the border in the middle of the night? >> here we are talking about early flights, earlier than you might like to take a flight. no surprise that kids can be seen traveling through states, not just to new york. it's something we're working to you unite children with their family members or vetted sponsors. maria: more snarkiness and air arrogance from jen psaki on peter doocy's question about secret flights. the administration was caught again trying to quietly fly migrants across the country. you heard it here first that they had taking migrants from the texas border and flying them to private airports, private jets. let me just point out that those flights are being paid for by taxpayers. this is taxpayer money. paying this money to fly migrants all over the country and we know now from pictures that the new york post published yesterday that one of those airports is in westchester.
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congressman john katko is here, a ranking member of the homeland security committee. congressman, good to see you this morning. thanks very much. is there anything you can do about this. >> unfortunately, maria, this has been happening for quite a while now. every time there's a surge at the border, this is what they do to disseminate folks around the country to release the pressure at the border. there's no vetting going on. they're not working the locals, that's for sure. and this is just one time when they quote, unquote, got caught doing it. they're doing it all over the country. you were down in del-rio yourself, you saw firsthand that the border is a mess and there's no plan other than to disseminate people into the interior of the country. so basically every state's a border state now and every city's a border city because this is how they're relieving the pressure, they're letting the illegals come in and they're throwing them on planes to get them out of the area so it doesn't look so bad for the optics. maria: so i mean, why do it in the middle of the night? you know, jen psaki's over there saying, well, it's earlier than
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you would like to take a flight. it's 3:00 in the morning. it's the dead of night. by the way, the airport, the private airports have rules. you're not supposed to have landings after midnight. so clearly they're doing it so that people don't notice. why? if this is what they want to do, why not be honest about it? >> think about it, maria. if they weren't concerned about the optics and weren't concerned about the legality of what they were doing, they would just work with local officials and say we have a flight coming in at 2:00 this afternoon and you can be there to greet them and we can have a nice welcoming for them. no, they're doing the exact opposite. they're doing it as surreptitiosly as possible, that's because they don't have a p plan. maria: the new pick to lead customs and border protection tasted the senate yesterday, refused to us use a certain word
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when describing the situation on the border. watch this. >> do you believe we have a crisis at the southern border, yes or no. >> does it really matter whether we call it a major challenge, crisis, a big problem? no one believes there's greater urgency to this matter than i do. maria: so congressman, your thoughts? i mean, he might say that the issue is urgent but when asked about his plan to fix it he did not have a solution. your reaction? >> well, listen, he's telling the company line and the company line is that we're going to have open borders and we're going to deflect and conceal the fact that we have open of borders. that's exactly what he's doing. his answer is completely ignored with all of his frontline employees the 18,000 people who work for him are saying. they all say it's all the same. we need to go back to the policies we had. these aren't working.
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period. he's just towing the company line and it's disgraceful. maria: it comes from joe biden. i've been to the border now three times. it's gotten progressively worse, every time i was there. but i guess, congressman, what we want to understand is what can the republicans do about it? for example, you and your colleagues were faced with the opportunity to vote for an infrastructure package and we're going to have a potential vote on the infrastructure package sooner rather than later and, you know, how does a republican vote for an infrastructure package when there's not a penny in there for border patrol, there's not a penny in there for homeland security or any infrastructure whatsoever about the wall in terms of dealing with this problem. in fact, joe biden canceled all contracts for the remaining border wall construction in the del-rio area. what can you do about it? is there anything a that republicans can actually show some strength on this issue rather than just talking about it? >> well, listen, we don't
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control the house. we don't control the senate. we don't control the presidency. that's job one is to change that dynamic. i have a bill that's already ready to go, out of homeland security, that will change the border protection completely back to what it was and finish building the barriers that are so unbelievably effective, increase electronic surveillance all along the border and beef up border patrol agents significantly, those three things and going back to the policies we had is the only thing that will make this change. we can't force the change until we get control of the house again. next year's election is very, very important and i think we're going to take over the house and i think we have a decent shot of taking over the senate and then we can get back to the policies and fomps real change and i think that's what we're working on and until then we've got to keep exposing this for what it is. it's a lie to say it's not a crisis and it's completely ignoring what's happening to our country, what's happening at the border. drugs are pouring across the border and killing our kids you
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across the country and that's just a fact and we've got to fix it. maria: yeah, congressman, thanks very much. we will keep following it all. thanks for joining me today, congressman john katko joining us in washington. coming up, the vaccine push, major cities requiring workers to get the jab. could it cause more people to walk off the job? we're on it next. then show me the receipts, instagram's creepy hidden feature can show you who is snubbing you on social media. it's making a buzz this morning. stay with us. ♪ ♪ ♪ ♪
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died of covid. it was the number one cause of death among police department and police officers. it's something we should take seriously. departments are trying to save people in their departments, people who work for them. we support that effort. there's been success across the country in that regard. maria: this comes as new york city mayor bill de blasio announced a vaccine mandate for all city employees. they need to get their first shot by november 1st according to de blasio, that includes police officers and firefighters. the nypd has a vaccination rate now of 69%. the fire department of new york rate is 59%. dagen mcdowell, what happens if these mandates push cops and firefighters to walk off the job on top of all the crime we've seen up until now? dagen: it will make new york city a much dangerous place, much more dangerous thank it already is and where is the compromise in all this, number one. why isn't it vaccination or at testing which is what even the biden administration is
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suggesting. why isn't natural immunity counted if you were infected with covid, why isn't that okay instead of being vaccinated? you are going to have -- because of that, there's an article in the wall street journal today that some workers want covid-19 recovery accepted as evidence of immunity. you're going to have tens of thousands of people who walk off jobs across industries whether it's education, healthcare, even the airlines. only 60% of the people who work in the tsa are vaccinated. so you're going to have horrific bottlenecks at airports, just in time for thanksgiving. but again, this very rigid stance on vaccination is going to be harmful to communities across the country. number one. and why weren't these government blowhards whether it's de blasio or the people in washington, why weren't they working more to get
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people on the job vaccinated rather than shaking their fingers at the american people and spreading misinformation about how of you fight covid. maria: yep. and we go back to the israeli study where we know that the actual infection of covid gives you 26 times the immunity of the vaccine. just having had the infection, although this administration will not acknowledge the immunity one gets from having had covid. tammy, we're seeing this across the country, look at seattle for one example. fired officers and firefighters marched to city hall to turn in their boots after dedicating their lives to public service, we're talking about life-serving people, serving this country, the city of seattle. chicago, 21 officers were placed on no pay status after failing to register with the city's
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online vaccine portal. don't get me started about the military and what navy seals are being told right now as well, tammy. >> yeah, i mean, this is clearly -- it almost seems like another arm of defunding law enforcement, defunding protection officers. maria: that's right. >> because there are ways to have this find a balance, like with natural immunity and of course testing. but the good news is, this is not a one size fits all country. there are states that want these officers, these firefighters and they should leave frankly at this point a city or state that does not have respect for them and with officials that don't have their backs so in the long run perhaps their careers can continue in an environment where they're supported and a appreciated. maria: all right. we'll take a break. when we come back, let the games begin. netflix's hit, squid game, proving quite profitable for the company. we've got an earnings round-up when we come back. stay with us. thanks for coming.
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now when it comes to a financial plan this broker is your man. let's open your binders to page 188... uh carl, are there different planning options in here? options? plans we can build on our own, or with help from a financial consultant? like schwab does. uhhh... could we adjust our plan... ...yeah, like if we buy a new house? mmmm... and our son just started working. oh! do you offer a complimentary retirement plan for him? as in free? just like schwab. schwab! look forward to planning with schwab. this isn't just freight. these aren't just shipments. they're promises. promises of all shapes and sizes. each with a time and a place they've been promised to be. a promise is everything to old dominion, because it means everything to you. ♪ ♪ traveling has always been our passion, even with his parkinson's. but then he started seeing things that weren't there and believing things that weren't true. that worried us. during the course of their disease,
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around 50% of people with parkinson's may experience hallucinations or delusions. and these symptoms can get worse over time. nuplazid is the only approved medicine prescribed to significantly reduce hallucinations and delusions related to parkinson's. don't take nuplazid if you are allergic to its ingredients. nuplazid can increase the risk of death in elderly people with dementia-related psychosis and is not for treating symptoms unrelated to parkinson's disease. nuplazid can cause changes in heart rhythm and should not be taken if you have certain abnormal heart rhythms or take other drugs that are known to cause changes in heart rhythm. tell your doctor about any changes in medicines you're taking. the common side effects are swelling of the arms and legs and confusion. now this is something we want to see. don't wait. ask your healthcare provider about nuplazid.
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maria: welcome back. good wednesday morning, everybody. thanks so much for joining us, i'm maria bartiromo. it is wednesday, october 20th. take a look at markets this half hour. we're looking at a flat showing this morning, dow industrials down 4 points, the s&p negative by half a point. the nasdaq is higher, about 5 points higher but very much searching for direction this morning following a day of gains yesterday, boosted by strong earnings. so far, very strong earnings period for the third quarter. the s&p 500 yesterday notching its highest close in six weeks as the dow industrials were up almost 200. european markets this morning light as well and mixed as well. take a look. fractional moves pretty much across the board in the eurozone. dax index up 17 in germany. in asia overnight a mixed story, hong kong did well, the best performer, hang seng up better than 1%. back in the us, the families and victims of the 2018 school shooting in park land florida,
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finally reaching a settlement. lauren simonetti has details. >> the school district agreeing to settle for $25 million which will be split between 52 families victims. it settles the lawsuits for negligence over the shooting at marjory stoneman douglas high school. well, a new study finding americans will have 46 billion fewer dollars to spend on discretionary items like holiday presents. so gas prices are up more than 50% compared to last year. here we go. the nation nail average today, $3.35-gallon, up from 216 at this time last year. for every dime that gas prices go up, that takes $1.3 billion out of retail spending. witness testimony in the trial of elizabeth holmes continues. the former theranos product manager testifying that part of his job was to demonstrate the
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company's blood testing devices demonstrate them to investors and that he participated in plans by holmes to deceive them into believing that the machines actually worked. holmes has pled not guilty. she faces 20 years in prison if convicted. could elon musk be the world's first trillionare. one morgan stanley analyst predicting that spacex will lift him to that status. it currently makes up 17% of musk's net worth. spacex to reach $200 billion as it continues to explore space. musk is already the world's richest person. he dethroned jeff bezos by a few million dollars. imagine that, to be a trillionare. what do you do with all that money? do you care at that point? maria: give it away.
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lauren, thank you so much. >> they often do. maria: subscribers flocking to netflix for the new major hit show, squid game, adding 4.4 million users in the third quarter above its own forecast. he netflix says squid game has become its most popular show ever, 142 households have watched this program and a it's ranked number one in 94 countries, 142 households in 94 countries. joining me now is cfra research and media analyst tuna amobe. what a story on this show. what's so great about squid game? >> you know, good morning, maria. i think as far as the show itself, the reviews have been mixed but this is one of those accidental hits, if you will, that just came out of nowhere. i mean, it's pretty clear this is a phenomenon that's catching on that almost is becoming a game-changer. for netflix to have such a hit, i think it really validates
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their local language production where they kind of target certain markets and try to make content that travels around the world, this is something they started a couple years ago. so i think this is really phenomenal that they have such a show at this point. maria: yeah. and i thought the crown was popular. do you expect this k50eu7bd of f growth to continue into the fourth quarter, tuna? we were talking this week about the controversy over dave chapelle's comedy special. what are you looking for in terms of longer term growth for netflix. >> i thought 8.4 was right where we expected it to be. with squid game, there is upside to that number. ultimately i think what they've shown the street in this quarter is they set themselves up really well to continue that momentum into 2022. the content pipeline is coming back strongly and i think the
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international market, especially asia pacific, which contributed half of the subscriber additions in q3 that we just saw, i think that is gaining momentum. look for international markets to carry a lot of the heavy load with the u.s. market showing signs of saturation. maria: let me ask you about disney, tuna. getting a downgrade, rare downgrade. barclays calling for bold changes to reverse the slow growth to its streaming service, disney plus. the analyst there at barclays saying not every piece of new content has had the same franchise value for visibility. what's your take on disney right now ahead of is third quarter earnings report coming out next month. >> the ceo was at an investor conference a month ago and signaled subscriber additions for this quarter is going to slow down tremendously. seems like they're having a harder time getting back production delays due to the pandemic but our take is that this is kind of a longer term game. there's nothing for us to make a
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knee jerk reaction based on that comment. i don't think structurally anything has changed. i think disney plus is still well ahead of of the long-term get subscriber growth that they put out, 230 to 260 million by fiscal 2024. they started off really strong, getting to 100 million faster than netflix did. basically 18 months. fast forward, i think the next 100 million that need to get to that target is going to come a lot faster and especially from international markets. they're only in 60 countries now and we expect that number to double pretty soon. maria: yeah. i mean, there's been this bet who is going to be the p streaming king, disney plus or netflix. who is winning right now? >> i think both of them we think they're going to be among the ultimate winner of this bar, they positioned themselves really well, disney with fox acquisition and three prong
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strategy and live programming in sports and netflix with entertainment. it's a marathon. we expect these two to be ones to shake out the space ultimately. maria: would you buy either of these stocks right now? >> maria, we have buy recommendations on both names, yes indeed. the valuations are really fairly rich but we still feel that streaming is the way to go. maria: all right. tuna, great to see you. nice to check in as always. thank you for joining us. the deeper dive into what really happened in wuhan, the new book you accusing dr. fauci of misleading the trump administration and senators under oath. you're watching "mornings with maria" live on fox business. (sfx: video game vehicle noises, horns beeping,) (engines revving, cars hitting one another.)
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maria: welcome back. president biden's nominee for ambassador to china, nicholas burns, he's set to face questioning today on capitol hill as china lights its olympic flame in beijing ahead of the 2022 winter games this upcoming february. joining me now is the author of what really happened in wuhan, she is the australian investigative reporter, sheri markson. thank you for being here this morning. interesting to see china moving forward with the beijing olympics. what's your take on all of these
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issues around covid? >> look, it's extraordinary that the olympics are moving ahead and everyone is going to be cooperating and playing happy a families when it's been 21, 22 months. we're coming up to two years since the pandemic started and china still hasn't allowed an a investigation. not an independent investigation, nothing that isn't propaganda that reinforces their own conspiracy, their own narrative that this could have been imparted from frozen food. so it's absurd when you think that we're going to be cooperating with the olympic games when the last time that there was a major sporting event in wuhan, in china, the world military games, many of the athletes are the same and a that is now understood could have been the first super spreader event of the pandemic. maria: it is absurd. you're right. i think the fact that we still
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haven't heard xi jinping answer for this open question in terms of the origins of covid-19 is quite extraordinary. joe biden has spoken with xi jinping several times. they had a 90 minute phone call a week ago or two weeks ago and the issue never came up, sheri. your book, what really happened in wuhan. , dives into whathappened and ye trump administration. we've sign him under oath in front of senator misleading senator rand paul as well. tell us about your investigation and you how you found that he actually tried to convince white house chief of staff mark meadows to return funding to a u.s. nonprofit in china that was terminated last year after a decade of the project studying bats in china to identify the coronavirus. so did anthony fauci know that the u.s. was actually in indetectively funding this gain of function research?
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what are your findings? >> definitely. he knew that united states funding was going towards the you wuhan institute of virology for coronavirus research. and yet at the very start of the pandemic when all the officials were sitting there in the oval office, trying to work out how dangerous this virus was, where it had come from, what was going on, he didn't say a word. this is the top medical advisor on the coronavirus to the president sitting there in the oval office and former president trump told me when i interviewed him that fauci stayed silent and didn't say a word about the sort of research that was going on at the wuhan institute of virginia. even worse is that revelation that you just referred to from my book, where when trump finally cut off funding to eco health alliance through which the subgrant was going to the wuhan institute, fauci went and raised it with his direct boss who was then the health
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secretary, alex azar andal a ex azar said this decision is coming from the top. if you want to overturn it then you need to go speak to mark meadows who was trump's chief of staff at the time and the people i interviewed for the book say that fauci was mounting a case that the funding was cut off on a lack of process rather than any direct friendship or relationship that he had with peter daczak, the head of the eco health alliance. maria: we reported a lot of this as well on this program and my program on sunday morning futures. peter daczak tried to hide the fact that the money he was getting was going to you wuhan. let me bring in tammy bruce here. >> in your book, the nature of what you've been able to find through just simply interviewing people, asking the right questions, i think it's amazing
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to most americans and the people i've spoken with because we get this sense a that we can't find out information. we can't find what the linkages are. there's no way to get to an end point. and yet you've done it. we also know of course about the leaked e-mails of fauci via -- well, actually a foia act that got e-mails out exposing the nature of these things. what does it say to you that the american government seems to just be stuck in not wanting to look at what has really happened here with millions dead around the globe? >> this is exactly the point that makes me the most angry. the whole time our excuse for not having an investigation or the american government's excuse for not having a proper inquiry is they say china isn't being transparent. hold on. there are a lot of scientists and researchers working with the wuhan institute of virology,
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based in the west, and have a lot of information but there's no inquiry at all going on and it's journalists that have had to submit foi requests, not even journalists, some not for profit groups, the u.s. right to know group, for scraps of information and most of it is redacted and they need to file lawsuits to get some unredacted e-mails. so this is really a big problem. we need to be having a proper inquiry. there should be a presidential commission. these people should be subpoenaed. e-mails, records should be subpoenaed. 5 million people have died. it's going to be as many as in world war ii soon. what will it take before we have an inquiry. >> well, great job with your work. maria: not only that, but they don't even inquire about the coverup. we know that china covered this up. in march of 2020, i was on the air saying there are ships on their way to the united states and they were told to turn around because china wants that
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ppe equipment. you reported it as well. there's been a major coverup from the ccp and yet this administration seems not to need any answers from xi jinping. sheri, we'll keep following it and thanks very much for all of your hard work. great reporting as always, sheri. thank you for joining me. >> thank you so much, maria. maria: all right. we'll see you soon, sheri. coming up, rejection receipts, instagram keeping tabs on who snubbed you on social media. a lot of tab keeping this day. it is making a buzz this morning. stay with us. ♪ very superstitious. ♪ writings' on the wall. ♪ very superstitious. ♪ >> this week on "mornings with maria," tomorrow, sue sphwhran s
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maria: welcome back. time for the morning buzz. now you can find out if you've been snubbed on social media. instagram revealing a hidden rejection folder where users can find people ignoring their follow requests. it allows you to unsend pending requests. it can be found under the connection section of your security settings. dagen, you think anybody's ignoring you on instagram? dagen: i just checked. there are four follow requests that have not been acknowledged
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and -- but i only know one of the people so i don't know what the heck i've been doing on instagram. but -- [laughter] dagen: i don't follow people who have private accounts. so maybe a few friends of mine. but if you don't want to -- if you don't want the public to know what you're doing on the gram, i don't need to know either. maria: how about this. a cute kiss captured off the coast of australia makes a buzz. take a look. diving instructor jay pershell took her dog on the waters and on their trip a 22-foot long whale popped up right near the dog. she said she told sailor not to touch it but he couldn't help himself. sailor sniffed and kissed the shark. family, what do you think your dog ruby would do. >> ruby would jump on the shark. there's ruby, thank you. ruby is my little baby there,
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ruby bruce. these whale sharks, don't get scared by the word shark. they are docile. human beings have been known to catch rides on them. they won't eat you. they're wonderful. they're slow-moving. the largest one i think got to 62 feet and so this is the perfect kind of large fish for a dog to meet and kiss. so that was not surprising. you think oh, you could could be in danger. but both sailor and ruby i think would generally be safe with the whale shark. maria: wow. okay. so it's a whale shark. and i'm uncomfortable with it. i don't like the dog doing that. >> it's scary, isn't it? [laughter] maria: it looks scary. all right. quick break and then the supply chain crisis already coming your way for christmas. now thanksgiving may be thrown for a loop as well. when should you actually by the
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turkey. we're going to tell i more, next hour, right here, "mornings with maria" live on fox business. ♪ here i am, stuck in the middle with you. ♪ when you're driving a lincoln, stress seems to evaporate into thin air. which leaves us to wonder, where does it go? does it get tangled up in knots? or fall victim to gravity? or maybe it winds up somewhere over the bermuda triangle. perhaps you'll come up with your own theory of where the stress goes. behind the wheel of a lincoln is a mighty fine place to start.
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middle of earnings season third quarter quarter market fractionally lower across the board, yesterday boost i -- by strong earnings s&p 500 notching highest close six weeks at 4:00 on wall street 4519 standard & poor's, the nasdaq was up three-quarters of one percent dow industrials up half a percent up almost 200 points european markets this morning mixed here too fractional moves pretty much across the board in eurozone, ft 100 up 3 points cac quarante down 4 points dax lower by 3 points, in asia overnight, mixed story there as well, hong kong best performer, hang seng up back one and third % on the medication "mornings with maria" is live right now. now some top stories that we are watching this morning, the biden mechanics, defending the secret flights unaccompanied migrant children across the country something reporting for weeks, press secretary jen psaki response when pressed by
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fox news peter doocy. >> why is the administration flying you thousands of migrants from the border in the middle of the night. >> we are talking about early flights early than you might want to take a flight kids can be not just the market something we are working to unite children with family members or sponsors. maria: no surprise "new york post" publishing photos charter flights outside new york city westchester private airport caring children teens on planes that originaled in texas as many as 2000 migrant children have been arriving since august, and, of course, overall we have been averaging 200,000 apprehensions every month at the border does not include hundreds of thousands gotaways this year, by the way, with private flights, funded by taxpayer money so you are paying for private flights to transport migrants
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into big cities in america -- jack ma, in china first time since business under skrooubt "the wall street journal" reporting he arrived in spain this week suggesting not been banned from the leaving chinama was missing for months after ccp suspended blow blockbluster public offering of ant group the ccp disappeared him after he made critical comments about chinese regulatory backdrop regulators launched a probe for what they called anticompetitive behaviors on evidently commerce platform dropping to company record 2.8 billion dollars fine shares up 2 morning 2% 2350k reportedly planning to rebrand a larger portfolio concluding instagram whassup oculus could come before a annual connect
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conference october 8 also weeks after came under fire over business practices revealed by "the wall street journal". >> busy day earnings season we will hear from a number of dow components this morning, are verizon reported strong third quarter results less than hour ago beat expectations, on earnings per share line but missed revenue none the less stock edging higher almost 1% up, as verizon raised corporate profit guidance tesla ibm will report after the close tonight investors looking for how supply chain disruptions inflation global chip shortage is impacting the industry joining me u.s. wealth banning chief investment officer friedman, also all morning long dagen mcdowell, tammy bruce eric thanks for joining the conversation thoughts on the earnings season so far? >> so far it has been strong one of the consistent variables we have been warming
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this year is wall street came into this year with just a -- you can only, concerned about virus, we have seen need to keep ratcheting estimates up hear good things in financial industry about consumer spending so we are glass half full -- the markets biggest driver of that is this robust earnings environment. maria: what are thoughts about 2022? have we seen, profit growth peak at this point? what is your take on macro economic story compared to what we saw in 2021? >> maria, to put tread mills, or jam like economy profit cycle in a 8 or 9, goad up to 10 we think probably slow down to 6 or 7 sometime first quarter of next year, some is
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because having difficult comparable period we had great global recovery in first quarter of last year. 2021, so, as we no pun intended, comparables first quarter of next year let me pause investors to see concerning headlines nonetheless we think in terms of economic cycle more towards mentality end demonstrateic as opposed to pandemic outcome you can see a lot of mobility pick up one data point paying very close attention to is a trend thatlifts travel restrictions starting enforce 8 if we see a sustained set of travel through holiday season, that can push concerns about first quarter back into 2022 we still think robust, to own stocks would be buyers on weakness but also think that there are some variables that could push things higher
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especially if we see more relaxation, on pandemic concerns particularly in asia, characterizing the supply chain -- last couple days. maria: that is one unknown, the supply disruptions we are talking about inflation, procter & gamble said it expects solid sales, and profit growth next nine months even with the period of high inflation, and the supply chain bottlenecks it also, said the demand for product is offsetting any extra expenses to get the products on shelves what thoughts on two issues supplying disruption impact on earnings and growth? >> yeah, we think that inflation, is a not a transitory story next couple quarters we think inflation will hang around until sometime back half next year, so, really maria the biggest driver of that lb once asia
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shifts policies to zero covid policy, if you will, that will open ports open up warehouses more shipping routes, so we don't expect that to happen anytime soon we do expect those sticky supply chain issues to remain one of the things you rightly point out being clatter vessels shipping their transportation modes from water to where possible land and rail what did you what you have we see a economy resilient adjusting but producers persist into second half of next year, that is -- in the marketplace right now the other thing -- >> your [inaudible]. maria: well, go ahead. >> that is to i think every variable you talked about in terms of cost, ability of
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consumers to endure cost met in labor data we didn't have a very robust reports in month of september we do think next two months will be critical to see if people issue returning back to the workforce and if companies are matching that return total workforce with higher wages two things we have not seen quite yet but bullish on outcomes if you see that return to work covid fears start to subside that we will see consumer demand pick up likely, that more gradual easing of inflationary pressures second half of next year could mean even more bullish in outlook for 2022 again we thank you glass is half full a good time to be invested favor u.s. equities in particular else over -- international stocks. maria: all right great to have you this morning thanks so much eric friedman joining us on markets and investing
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today we will catch up soon thank you, sir. much more ahead this morning the biden administration raising the irs surveillance threshold backlashing there as plan remains capturing most americans we get into it supply chain crisis made worse a the russiaing shortage california trucking association ceo about how to get that and how to get us moving the crunch would with affect thanksgiving dern should you buy your turkey sooner rather than later? what you need to know. you are watching "mornings with maria" live on fox business. ♪♪ ♪♪ ♪ growing up in a little red house, on the edge of a forest in norway, there were three things my family encouraged: kindness, honesty and hard work.
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maria: we'll we'll, biden approval rating continues to plummet new quinnipiac poll finds 37% people actually approve of the job that joe biden is doing, 52% of people say they disapprove when asked about most urgent issues facing america top answers economy covid-19 immigration health care but even though biden numbers might be low members of congress fell lower as well the poll finds 30% of people prove of democrats in congress 23% approve of republicans joining me former bush sr., advisory fox news contributor karl rove. >> the overcast numbers quinnipiac becoming standard the presidents numbers have dropped dramatically from
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where therl earlier particularly among independents democrats approval slid a little but biggest drop has been among key group that is going to decide the 2022 midterms the other issue of -- of congress, we -- this has been a longstanding thing. people dislike, the institution of congress rate each party negatively but seem to like their own member most incumbents tend to get reelected the democrats in a great difficulty 2022 no if i haves, ands or buts since 1818 only two first midterm elections for president in which the white house party gained seats in house, so the democrats are going to lose seats in the house next year, when you've got a margin three seats as today or five after two special elections deep blue states consider finally held that isn't going to be enough the average loss in the
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modern era has been 26 seats we are likely to see republicans pick up more than 20 seats take control of the house by 15 to 20 seats. maria: even in the face of changes within the democrat party, reading about a whole host of resignations, congressman and women wanting different jobs. >> right now 12 or 13 democrats said i am retiring or looking for another office four likely to phillip ron in wisconsin set a in illinois seat in pennsylvania seat in arizona likely to become republican the others are -- are generally solid democrat john in louisville, mike doyle pennsylvania, pittsburgh but interesting senior democrats saying i am chairman budget
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committee of powerful subcommittee energy and customers i am a senior member appropriations committee you know what i am not in majority after november of 2022 so, i want to go out while on top not when i have to, you know, give up my chairmanship give up small my bigger office for a smaller one lose part of staff and more importantly, become a member not a leader, so the democrats are recognizing this, not going to be a good midterm election for them. maria: a it could be that they don't agree with some of the policies being out by leadership biden hitting the road to try to sell this massive spending agenda, could be cut like community college is what is your take on getting across the finish line they claim to finalize the package but i know that a many of them, among themselves said well, i know nancy pelosi said
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october 31 we are really talking about the end of the year to try to get something done. >> yeah, well, look, same dance in 2009, 2010 was only march of 2010 they passed national care act, adding to them in 2008, look i got a being complicated whiteboard indulge me president said we are hearing rumors droving from 3.5 trillion dollars we really know is take out the gimmicks committee on responsible federal budget says 5 to 5.5 trillion dollars, 3.5 trillion dollars is going to drop to a trillion eight to a trillion nine what is out free community college not paying for that, what is going to be scaled back in the job tax credit only extending one year, really? >> democrats are going to
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commit that after one more year of child tax credit it is going away heck no, this is a way to lower overall price tag medicare deniability but not hearings or vision, bothers me we just got a report from trustees of medic carrier hospital portion goes belly-up in 2026 shouldn't be think about sharing up mayored about readying to abrupt familiar leave from 12 weeks to four weeks still pick up 90% of the cost family leave programs now granted by america companies to employees doesn't make sense to me then we don't know what is happening to childcare prek. climate a battle with a bunch of people saying we've got to extend subsidies, to -- as affordable care act 26,000 --
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we are spending as much an affordable care act was when bill passed in 2010 on less than half people supposed to be covered by it will. >> sounds like there are more gimmicks there to make the plan look not as expensive but those programs are not going away we know that great to talk with you thanks so much karl rove joining us love in a whiteboard, supply chain crunch could threaten thanksgiving plans should you apply your turkey sooner rather than later. >> live from a turkey farm with that coming up a home fit for jedi normal looking florida home has a galaxy making a big buzz we you. ♪♪ ♪ . others, weaker.
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maria: welcome back supply china crisis could put thanksgiving dinner in jeopardy delays shipments fire truck driver shortage leaving grocery stores struggles to stock with turkey, madison live from turkey farm east windsor new jersey, good morning. >> live instaid a turkey pen all violence soon be thanksgiving meals, people purchasing from here are in luck they have inventory what we're seeing at grocery store -- not only just the size but turkeys in general coming in early with owner of the farm ron ye you have open orders in october normally see no hit november first one thing -- >> normally in october just have -- you dribble in orders this year full open flow.
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>> you are getting new customers why coming here. >> i don't have to ask they tell me afraid not getting tushgz for thanksgiving. >> everything, only getting 40% telling customers don't the expect to get exactly what you want sides, cranberries things like that part of the, orders had to come in early for turkeys, back in january, february vaccine wasn't available we are not sure gatherings going to happen important thing out of entire report what are you going to do; right? you are ordering turkey got a month ahead of time if ordering for ronnie put in your order right now. >> amazing thank you so much madison in the middle of it all we will see if in fact
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this spurs people to apply turkeys sooner rather than later what o do you think. >> this supply chain problem clearly, i know the administration likes to pretend a slight inconvenience, things miss, to major products looking for for the home we know takes a long time if you want to order a big product or toys or presents for christmas that conversation has started. and now, grocery store operators the "wall street journal" reports, that they began to anticipate this because of supply china issues, earlier in the year did begin to order turkeys things like that, farther ahead of time than before, yet americans got to realize that this is not natural what is happening not the pandemic. it is the policies and attitudes about politicians have applied in response to the pandemic. that this isn't something one
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has a to get used to, or natural or normal. that this we should find this unacceptable we have to adjust, place orders now not just for christmas obviously, but thanksgiving realize something you should never let happen again >> dagen what did general soaki say the other day oh, with a an inconvenience you can't get treadmill delivered. dagen: compact quote the tragedy of the treadmill that is i delayed she seeds to zip it, i think that it would be better if they said nothing, and let people suffer but to be -- to offer up this snark talk to americans like they are stupid. like these -- highfalutin, "nobodies" in washington no
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better than folks struggling to apply all groceries in need with money they've got paying more a dollar plus more per gal for gasoline great hardship on people having to commute to work. this is regressive tax on working americans, higher food prices, energy prices, supply chain shortages, that -- and now, they are trying to spin it as if a sign of prosperity because demand is so strong. and also speaks what madison was saying, and what tammy was saying about -- retailers have known since beginning of this year this was going to be a problem why was biden and task force? weren't they doing something in january. >> prosecute is pete buttigieg he took off three months, paternal leave we take a break when we come back vir
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ooh gubernatorial hole full terry mcauliffe apparently can't handle the hot seat what happened when he abruptly ended that interview we will have it next. .
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. . maria: welcome back. good wednesday morning thanks so much for joining us. i'm maria bartiromo. it is wednesday, october 20 a look at market this half an hour ahead of the opening bell futures searching for direction this morning, we are go, going to have earning season, technology the nasdaq up 17 and 1/2 s&p 500 up a fraction the dow industrials are lower by 15. want european markets pointing higher this morning with fractional moves here too you've got a mixed story, in this europe, but it is fractional across the board, dax up 6, in asia overnight mixed story hong kong best performer hang seng up better than 1% overnight, back in
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u.s. virginia gubernatorial candidate terry mcauliffe storming out of a news conference. lauren: watching. >> -- >> extra i gave you from a time you should've asked better questions. >> interview halted reporter pressed flat on support for vaccine mandates for state employees as well as schoolchildren, local -- this is an our statement to explain why the interview was half the time, of the gop rival youngkin had full 20 minutes asked similar questions. >> san francisco city shutting down in the andout burgh for failing to he verify a vaccination our properly clearly posted signage to
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communicate local vaccination requirements, you refused to become the vaccination play of for any government the store reopened without indoor dining, on road to recover posting profit, included final point 1.1 billion dollars government 5id united airlines says delta variant delayed recovery but on track to meet 2022 financial targets, you can see stock up, 75 cents. the first ever, bitcoin ets in new york gaining in debut, bitcoin strategy etf jumped 4.8% closed at 4194 tracks bitcoin futures, rather than the actual cryptocurrency itself perhaps that is next
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take a look here at price of bitcoin. 4 -- 600 dollars shortly of all-time high right now the 64,220. maria back to you. maria: all right. thank you very much democrats are trying to scale down the irs surveillance proposal raising reporting threshold from 600 dollars to 10,000 dollars, still captures most americans, pennsylvania senator toomey is -- that this will affect most americans. watch. >> this proposal is going to affect almost every single american. not just average americans, the vast majority of americans have accounts that will go through 600 dollars if they tri10,000 dollars still captures everybody, every small business. you have to ask yourselves for what purpose? >> joining me right now head of u.s. policy research at cornerstone macro, andy, great
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to have you this morning thanks so much for being here. >> thanks. maria: republicans calling that plan in terms of irs surveillance unworkable when it comes to raising revenue does it make a dent? what is your take on this part of the plan i want your take overly on spend planning where we are as well. >> i think going to end up dropping this provision of it is controversial and with manchin pushing back on the overall size and now talking i think talking about a number of -- came in -- on two trillion dollars they have less controversial ways of raising the money i think this proposal will end up getting dropped. i mean, you know clearly this plenty of controversy raising two trillion dollars in the taxes but i think they have other ways of doing it so a lot less attention than this i think ultimately this one gets dropped. maria: i want to get your take on where the tax increases will be, but first, what do you feel about the president's making cuts to the
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3 1/2 trillion-dollar spending plan? we've got new proposal now scaling back on programs stated by progressives free two year community college i know you say, four trillion dollars into two trillion-dollar package creating deficits gimmicks suggesting they go away after a year or two little not going to go away. >> this is a big question at this point, the overall talk about taxes, i think that that roughly we have pretty good sense what that is going to look like pretty good sense overall price tag so the question is: what is price tag two trillion or four trillion stuffed into two trillion what congressional flats more likely four trillion stuffed into two trillion is joe manchin going for that he
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expressed concerns with the debt deficits larger central deficits or need for more revenue down the road i think they are going to end up having to scale back actual programs, not just the price tag, and in order to win manchin support but that is the biggest question right now, is, how much is it really going to cost him look drop it so far white house has not dropped. maria: so andy i know that o joe manchin and kyrsten sinema have been among more vocal this is too expensive will crimp economic growth i understand other democrats are pushing back five i heard yesterday overall but let me ask you you your take on where the tax increases will be? is the salt deduction back in there? i know, that they wanted to raise 400 billion for that tax
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for that that bank he surveillance to partly pay for salt deduction going back in. >> yeah i think it is pretty unlikely that they are going to fully restore salt deduction but i think they have to do something on salt in order to win over some democrats from some high tax states like new york, new jersey ichl gauffing raise threshold to 10,000 dollar salt addiction i think ending up 20,000 dollars something like that, there will be a little bit of help but -- >> but thought much of a change, overall. in terms of what the salt taking away salt deduction so that tax increase is going to -- remain. i think overall, you know, they proposed in house 26 1/2%, likely to end up 25. capital gains rate likely from 20 to 25 as well as differented high individual rates 37 to 39.6, so i think
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they are pretty -- pretty close to having a consensus on the democratic side republicans -- on the democratic side what to do on taxes probably biggest change is some of the prescription drug changes proposed, those -- looks like they are giving up on -- you know tying to world prices, having the government set prices, for not only drugs that government buys but, also, thank you and i people have employer coverage would receive that is very controversial, going to get dropped -- i think on offset side, tax increases, then few other remaining offsets, i think close to democratic consensus on what those things are. maria: andy i know that quick before you go, joe manchin said that the climate items are nonstarter he wants climate items taken out fully,
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aoc said not signing on to anything information climate items are there what is the chance that nothing gets done here? >> i think they are going to end up with a package, i think you twoed on three -- end up with a package on climate specifically -- they are going to include a lot of incentives, for green energy but not going to manage gasoline more expensive for the average person home heating bills more expensive i think ultimately progressives are going to be most disappointed in what is done on climate, again, it is going to be o he incentive subsidies but not -- not mandates that make energy more expensive. maria: andy great to have you this morning thanks so much. >> okay. thank you, thanks for having me. maria: all right we appreciate it andy joining us this morning from cornerstone macro, the supply chain crisis made worse company faces a trucker shortage i will be
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speaking with california tricking association ceo about what can we done get us missouriing once he -- about what can be done to get us moving once again. . . ♪ ♪ ♪ ♪
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scheri . >> welcome back trishing shortages hitting record highs according to american trucking association 80,000 truckers needed to try to help the crisis joining me what is
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going on so that good to be with you the industry historically faced a driver shortage certainly in place today i will tell with you pandemic over the past year a and half plus, we have definitively seen truck drivers, leaving the industry, their temporarily or permanently definitely an issue, quite frankly, we are seeing, a worker shortage all the way through the supply chain, so, not limited to trucking certainly across the board, there is a worker shortage so it is kind of a perfect storm right now with records, you know shifts coming into the ports l.a. and long beach, you know record volumes, and really worker shortages and problems throughout the chain we are trying to address if. maria: so, what is the issue with the hundred ships waiting in the pacific why can't they drop off the products is it
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largely truckers or is the issue a longer term issue? >> it is i would say a little bit of everything, we definitely have trucks calling upon the ports, you know one thing i talked about is really, the solution overall has to be from every stakeholder in the supply chain so whether we are talking about the steamship lines you are talking about ships out there anchor, the port terminal operators on doc labor through to trucking warehouses distribution centers as well as rail all players have synchronized operation in efficiency step up to get running smoothly. >> tell me about vaccine mandate whether or not that is playing into this. >> i think several factors on driver shortage side certainly
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aging driver population over 57%, of the truckers right now over age of 45. a smaller percentage significant percentage over the age of 55 so definitely feeing some exits there. and, again, the pandemic certainly hasn't helped, when you talk about the -- vaccine mandate that type of thing obviously, definitely challenging for trucking, i would say over the past year and half you you've seen, the trucking industry really perform greatly you know in the face of the pandemic. if you think about it are truck driver is in a very unique work environment allow in cab of a truck there is not you know the significant interaction or up close interaction with people so truck drivers have gone a great job staying healthy, they can continue to do that. and i think to the extent if there is a -- a vaccine mandate if there is a testing requirement as well, think about it this way there are
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hundreds of thousands of truck drivers on the move every day around the country, so, even testing type of component would certainly be a challenge for the industry. maria: sure, we thank all the truckers for their hard work let me bring in tammy bruce with you tammy go ahead. >> good morning, yes, you know we enjoyed what truckers do very anonymous in a certain way we know it is not leprechauns that bring you stuff we enjoy into supermarkets it is overnight drivers americans make everything happen we enjoy during the day. at the same time you have transportation secretary buttigieg saying about administration might look into lightening up regulations when it comes to the pandemic for truckers, you know, just -- to help with problem, we have known this has been coming trucking industry was short by what was it maybe 70, 80,000 drivers pre-pandemic.
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we known this had to happen, even the ports, sir going to ramp-up going to work 4-7 going to take months, what are you doing that the truckering industry is doing to insist this change government has to act more quickly? >> i think you bring up some great points. from trucking standpoint i can speak for california one thing we talked about we need regulatory relief right now i think we are in a situation in california, where a state of emergency related to ports should be considered the california trucking association joined with well over a dozen other business organizations, in associations in california seeking that type of regulatory relieve whatever can be done locally near ports even at local ordinance level things as simple as some cities have ordinances restricting hours
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of operation to accept items in the store during neut he again if you look at every step or every link in supply chain each one of us needs you know needs to be part of the solution, it is certainly not you know will singled out to trucking, and what we can do we are there always been there continue to deliver for consumers. >> great to have you thank you for all your work big thank you to all those truckers out there keep on truckin', thank you. >> thank you. maria: we'll be right back. . new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today.
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. maria: welcome back morning movers netflix falling into premarket take a look 2%, the strategic giant beat on earnings expectations yesterday not as much as investors expected the company
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getting a down deutsche bank, the one issue, for that analyst verizon is up in premarket mixed third quarter results raised full year guidance as expands 5g, up 1 1/3%, a double miss on earnings this morning company reporting supply chain issues energy constraints, pressured growth stock right now down 3 and two-thirds percent, quick break the inner force, a home with "star wars" galaxy on inside the price bag the big buzz of the morning we will take you inside.
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maria: time for the big buzz of the money. the force is strong at one mansion in orlando, florida. it looks like a normal home from the outside, but inside it is decked out with the star wars theme with rooms dedicated to hans solo, princess leia and baby yoda, 19 bathrooms, a basketball court, golf simulator, arcade and two full-length bowling alleys was the price tag $11 million. are you interested? dagen: not today but thank you for asking which they have a on solo frozen in carbonite which would be sticking point for me. that could tip me over the edge into being a buyer. another house like this, one in
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california, a lot of star wars fans out there. >> i just want my home to be a quiet sanctuary so it is not for me. maria: thank you for being here. see you again tomorrow. "varney and company" begins right now. take it away. stuart: good morning. we have 3 vote development on the vaccine front. it doesn't affect wall street, might affect the economy. new york city will insist all city workers get vaccinated. no testing option. no jeb no pay. this applies to first responders like firefighters and police officers who at this time have low vaccination rates. that government workers. at southwest airlines a change of plan. unvaccinated

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