tv Mornings With Maria Bartiromo FOX Business January 17, 2022 6:00am-9:00am EST
let's just assume the answers is nowhere good. and let's be glad that guys like captain vanderpol and his crew toil away on the high seas for the benefit of us all. because even in international waters, that's how america works. dagen: good morning. i'm a dagan mcdowell in for maria bartriomo. it is monday, january 17, the day we honor the life and legacy of martin luther king jr. writing on the wall for the biden administration with a new cbs news pulled shows more than half of americans are fed up with joe biden's presidency saying he's not focused enough on the economy as inflation hits near a 40 year high. what you need to know ahead. markets are closed today
for the holiday. martin luther king jr. day. features are pointing to gains on that dow jones, s&p and nasdaq 100. last week, all three major market gauges finished in the red again, both full trading weeks in 2022 ending with the losses. european markets are in the green to start this new with wiki gains across the board in england, france and germany. in asia overnight, a mixed story with the losses in south korea and hong kong with and china reporting its economy grew by 8.1% last year with the fourth-quarter gdp rising by 4%. a central bank in china cutting rates for the first time, cutting rates for the first time in a two years years. "mornings with maria" is live right now. ♪♪ dagen: markets are closed today
in observance of the date we honor doctor martin luther king jr. thanks,-- taking a hit on friday. doubt ending more than 200 points on friday. wall street ending, gains on nasdaq and s&p, but still the second week of losses to start 2022 as the december consumer price index showed conflict inflation at its hottest pace in nearly 40 years, 7% inflation in the us. earnings season really not as big banks taking center stage with bank of america, goldman sachs reporting this weekend and joining me now commonwealth financial wealth chief financial officer brad mcmillan and joining the conversation all morning long, ryan payne and "wall street journal" senior writer john hills and rocks who can talk all things about central banks and the federal reserve. brad, good to see you
this morning. what do you make of the markets here? how are you allocating capital given what we have seen even starting the first couple of weeks of 2022? >> we are taking a bit of a break and that's okay because we are close to all-time highs. we have challenges with omicron, inflation, but at the same time the real question is will growth continue and all of the signals as a we have enough growth to be going on with pure we will survive this wave, so i think the markets keep moving upward, but more measured. maria: of the wild cards, one of many would be the federal reserve voice to start withdrawing-- they already are by cutting their bond buying program, but talking about ending that, raising interest rates and even potentially beginning to reduce the balance sheet. if you are long stocks, are you betting the federal reserve won't screw it up?
>> i think right now the markets are saying the federal reserve might well screw it up as we start to see long-term rates remain remarkably constrained given the expectations. it's not, is the fed going to tackle it, it's how much will the fed do and right now they are saying for rate hikes, maybe five, so i think the fed might screw it up, but right now the markets still see growth and when you look at how the fed is attacking this, i think the markets are okay with the fed getting a head on inflation, so i think we have more cushion here also. dagen: ryan, jumping. >> i wonder, it's pretty obvious at this point as dagan said the fed screen it up right there as they are behind the eight ball. jamie dimon talking about maybe six or seven rate hikes this year, which is astronomical and i wonder as rates go up here and we have seen growth with the nasdaq specifically down 5% already year to date, is
the growth trade over? is the disruptive technology trade done at this point and just go to value stocks because it seems to me like rates have to go higher and inflation is here to stay. dagen: brad? >> i think you have great points, brian. certainly, a rotation from growth to value makes sense, but at the same time if you're going to assume the fed is starting to screw it up, then that probably means growth will go down as well, so will or will you find growth? we do see a rotation, an adjustment in valuation and you are correct, we will see that adjustment the largest in growth stocks so there is still the possibility for the growth in earnings to offset that. we do see more opportunities in value right now, but we are not saying goodbye to growth yet. dagen: john, getting here. >> i guess i would make two points. one relating to the idea
investors might need to be thinking about growth hitting into different sectors. i think the bank earnings this week are a good example of that. they had a great year last year, and now, we are seeing them with declines in earnings. the one thing i would add is on the question of is the fed going to screwed up, here's my little rule of thumb about whether they will or won't and i think dagan you will like this because you are such a geek, but i think it comes down to the yield curve. when the fed has made mistakes before, it's raised interest short-term interest rates to the point where they are higher than long-term interest rates and ignore the signal that the long-term interest rates were-- that they should stop. the wild card he is the fed might feel like it has to raise a short-term and term-- interest rates to stop inflation and if it feels it has to do that to the point where they are higher than long-term interest rates
then there is a real risk of pushing us into a recession and we won't know i think for a few more months about how far the fed has to go. there's all kinds of uncertainty. for instance, the supply chain bottleneck, will the user get worse? we don't know the answer, so the fed doesn't know how far they have to go right now. they have to watch that, but if they push short-term interest rates so much higher than long-term interest rates, then we have a problem. joe biden has a problem because we might be looking at a recession going into midterms or election. dagen: brad, what you think about? >> when we look at the fed, the fed is going from being ultra dovish to the most hawkish they have been in a decade really is so when you look at this you say okay, what are they doing. first of all they are signaling. i think it's a part of the key vacation strategy. second of all, they are absolutely dealing with the inflation situation
and as you pointed out, we are at a almost 40 year high since 1982 on inflation, so they have to do something and they have to be seen to be doing something, but depending on how the data evolves and it's a question of demand and supply on inflation, is the fed actually going to follow through and that will be dependent. i could make an argument now that since the fed is talking so they won't have to act intact and i think right now yes, you have the huber dove saying we have to do something about it, but what happens if inflation pulls back and right now we are at a 40 year high on the downside risk is more than the upside. dagen: we will see if they walk that talk, so to speak. before we go, treasury secretary larry sommer has been vocal and quite right in talking about inflation particularly in the last year. he said the white house is getting it wrong on inflation noting limited
on corporate greed will only increase the risk that a recession is needed to take on the surge in prices and he also noted he strongly supports jay powell for second term. brainerd is a vice chair and last week maria spoke with j.p. morgan chase chairman and ceo on how he plans to work with biden fed pick. >> you also have president biden considering sarah bloom raskin as the chairman of the bank supervision. this would be the person who has oversight into the banking industry. what should we watch for >> i'm going to do the best i can for my country, my company and navigate you no legitimate complaints, we want to fix things like that and so-- but, i do want to be more collaborative words between business and government. j.p. morgan chase has been fine and if there are regular calls we often have a complaint or issue and it's a legitimate, we should fix it and if it's not
legitimate we should do something different. dagen: brad, before you go, your take on the regulatory backdrop and-- yeah, again vilifying corporations which larry summers was talking about. >> we have been through this before one of the reasons that companies are attracting so much negative attention is because they are doing so well. so, i look at this and i say it's normal politics when you look at what actually might get through congress, i'm not worried about it just yet. there will always be democrats yelling about regulation and republicans yelling about other things. from a business perspective, we just keep moving on. dagen: brad mcmillan, thank you so much for getting up early this morning. have a terrific day. we will see you soon. we are just getting started. coming up, it's been almost one year since president biden took office and why more americans say they are already fed up with his leadership. north carolina
congressman greg murphy is here to weigh in plus, winter weather warning, brutal storm slamming the east coast and what it could mean for your morning commute ahead. also, celebrating martin luther king jr. day. we are talking to two ceos working against an economic advantage to all people. don't miss a moment of it. you are watching "mornings with maria" live on foxbusiness. their only friend? the open road. i have friends. [ chuckles ] well, he may have friends, but he rides alone. that's jeremy, right there! we're literally riding together. he gets touchy when you talk about his lack of friends. can you help me out here? no matter why you ride, progressive has you covered with protection starting at $79 a year. well, we're new friends. to be fair. eh, still. whether you've enjoyed the legendary terrain in telluride, the unparalleled landscape of park city or the famed peaks of whistler,
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dagen: new warning for americans as omicron cases are on the rise. cheryl has more. good morning. cheryl: good morning. us surgeon general says the next few weeks will be tough as new cases reach a seven day average of 808,000. the surgery putting pressure on hospitals. the department of health and human services says the seven day average of suspected covert hospitalizations at its highest recorded level ever with nearly 156,000 reports coming in
sunday. uk officials arresting two teenagers overnight who they say are connected to this weekends synagogue seizure in texas identifying the suspects asthma leak, a 44-year old british national who traveled to the us within the last few days. he was killed saturday after storming the synagogue taking four hostages and a more than 10 hour standoff. thankfully the hospital-- hostages were able to escape. the suspect was demanding the full release of a prisoner known as lady all qaeda for trying to kill us soldiers and fbi agents he claimed to be her brother, but her lawyer says that's not true stomach powerful winter storm wreaking havoc on the east coast, snow and ice storm causing dangerous conditions throughout the south and northeast as thousands are without power this morning. airlines forcing to cancel over 1200 flights today while car
accidents are causing delays for several miles and in florida a pair of tornadoes touching down destroying dozens of homes and damaging more. so far, for injuries have been reported, but a lot of cancellations again today and northeast airports. tennis star novak goodrich is heading back to serbia after losing his appeal to play in the australian open. his lawyers arguing he should be able to defend his title with a vaccine medical exemption, but the australian government revoking his visa for a second time as he won't be allowed back into australia for three years and looks like french open officials will require all players for that grand slam to be vaccinated. more developing on this with the australian open kicking off without him. those are some of the headlines, back to you. dagen: cheryl, sorry about your cowboys.
cheryl: it's been a tough morgan, but thank you. dagen: i really enjoyed seeing the eagles lose that badly, so that made me feel good on the inside. cheryl: yeah, i mean, i know i'm going to have to show that last play of the cowboys 49ers game in the next hour and i will do it because i'm a professional, but it's painful. dagen: president biden keeps dropping in the polls and a new survey by cbs shows his approval rating hitting 44%. this as 70% of americans say they disapprove of his handling on inflation. 58% say he's not doing enough on the economy. sender marsha blackburn sat down with maria yesterday. here's what she had to say. >> 93% of the tens of thousands of people on that call, 93% said inflation is adversely impacting their family budget. this is the action
people are wanting to see. they are very frustrated with the biden administration. they know he is weak. they know he is rudderless, and they are very frustrated with the democrat leadership in the senate and the house. dagen: john hills been wrath, your reaction? >> i mean, i think biden has three problems right now on foreign policy, his signature is a really bad pullout from afghanistan. on health policy his signature is this resurgence of omicron and on an economic policy his signature is this inflation, so yeah, things are probably not get against him. i think on the inflation issue, it's kind of a double whammy because it hits people in the pocketbook and they are upset about that now, but then you have to do something about it and what you have to do about it is we talked about this a moment ago, the fed will have to raise interest rates and
that could hit the economy on the other side of what ever we are seeing with inflation was some kind of academic slowdown, so biden has his hands full right now. there's time before the midterm election in the presidential election for things to change, but he absolutely has his hands full. dagen: and people already talking angry about the rising mortgage rates. i got an air fall from a couple people over the weekend about that that the mortgage rates are the highest they've been since 2020. james friedman ryan wrote this op-ed called "biden causes the quinnipiac". this is according to seo's report the white house is actually upset when at the deputy chief of staff is publicly attacking the quinnipiac pull on the 33% approval rating, but it's essentially acknowledge that the approval rating of the president is well under, it's just not at
33%. >> we are splitting hairs, but the remarkable part about this is that economies actually pretty good, i mean, we saw wages go up by almost 5% last year. gdp growth will be great again this year and i'm bullish on the economy, so to have such a level approval rating given the fact that we have a very healthy economy here is even more remarkable, which just shows that biden in general isn't that likable. dagen: rank and file wages actually felt when adjusting for inflation, that's the problem and that's why inflation in part makes people so doggone mad. we will be right back, everybody. stay with us. at vanguard, you're more than just an investor, you're an owner with access to financial advice, tools and a personalized plan that helps you build a future for those you love.
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dagen: joe biden will mark his first year as president with his legislative agenda at a standstill with a growing border crisis pandemic not under control and a surge in violent crime in major cities. congressman jim jordan spoke with maria about this yesterday on sunday morning futures. >> i don't know that they have done anything right. the quinnipiac pull had his rating at 33% and i think the real question is who are the 33%, i mean, who are the people that think he's doing a good job? they have messed up
every single thing. you think about the message they are sending to families particularly in urban areas where they say we won't let your kids go to school and we let bad guys roam the street and we will let illegal immigrants of votes, i mean, that's the message they are sending. no wonder no one approves. dagen: joining me now is north carolina congressman greg murphy and member of the veteran affairs committee, education and labor committees as well. he's also the gop doctor's caucus cochair. congressman, good to see you. thank you for being here. your thoughts on even just last week kind of sums up the disaster that joe biden is witnessing's, supreme court delivering a blow to the vaccine mandate, hashtag bear shows, inflation at a roughly 40 year high, the voting right speech blasted, retail sales falling, i could go on, but what say you? >> yeah, dagan, it
reminds me of the billy joel's song, we didn't start the fire. you know since the first day when he came out as the unity president he walked over to the white house and became the most divisive president we have had in our history, but if you look at the colossal failures during his first year amazingly we are only talking about the first year, if you talk about afghanistan, talk about how he said he was going to quote crush the virus, that was a non- sensible statement, no single person can do that, but unfortunately as the term progressed the honeymoon is over. we saw he and his administration want to pay illegals $450,000 to come to the country illegally. what you have seen time and time again you know i always like to use the analogy of pulling back the curtain on the screen and seeing who's behind the screen and america's not happy with the person behind the screen and joe biden. dagen: john, jump in. i said that last week that actually some of these things that are
happening particularly say the supreme court shooting down the vaccine mandate, that will actually help employers and it will maybe help the economy in a way that will benefit certainly say trucking companies, but it could also benefit the biden administration what say you? >> the supreme court might have just done joe biden a favor by kind of getting it back online. what i want to ask the congressman's, i want to reference ted cruz's, and a couple weeks ago that if republicans get the house of representatives, they will impeach joe biden. i would like to hear the congressman whether he agrees with that statement and if so on what grounds? >> that's a very interesting comment, one that's being talked about more and more. if you look at the impeachment nonsense with president trump in that they were literally trumped up charges, if
you well, it's a totally opposite from what has happened with joe biden. he's done thanks, in my opinion, that are impeachable. if you look at leaving americans behind, afghanistan, just that one particular issue, he pulled out our military before americans go out, that's my definition, in my opinion, and i think a lot of folks dereliction of duty which is impeachable. it's not a matter of if, but when we get the house back how that is dealt with. i don't like to play the tit for tat games, but within ministration-- administration, what they've done to our country, national interest, national reputation, it will surely be on the table. dagen: congressman greg murphy, thank you for being here. good morning. >> have a great day. dagen: coming up, a tougher job for america police and how dc is solving fewer murder cases in a less than half.
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leveraging gold, a strategic and sustainable asset... the path is gilded with the potential for rich returns. dagen: welcome back. i'm dagan mcdowell in for maria bartriomo. it's monday, january 17. the markets won't open today for the holiday honoring doctor martin luther king junior, but we have futures trading with slight gains across the board this monday. last week, all three major market gauges finished in their red ink again. both fall trading weeks in 2022 ending with the losses. european markets on the plus side this monday, gains in england, france and germany and in asia a mixed story with gains on the nikkei in japan and shanghai composite. china reporting the economy grew by 8.1%
last year, but the fourth quarter gdp was only up 4%. its central bank cutting rates for the first time in two years. north korea launching to short range missiles into the sea of japan. cheryl has the details on that and much more. cheryl: japanese officials say the missiles landed just outside their exclusive economic zone. this is the fourth missile launcher from north korea in this month. these images are from a launched three days ago. the us pacific command said the today's launch did not pose an immediate threat to us personnel or territory. the chairman of credit suites is leaving the company. antonio has resigned following a investigation revealing breached covert related travel rules and used corporate aircraft for personal reasons. the board said member axel lehman has been appointed chairman effective immediately. 42% of murder cases in
washington dc were closed last year after that defund the police movement began. criminologist warned that the figure could get worse as public trust in the police has plummeted. they say people are less willing to cooperate, which hurt detectives ability to solve homicide cases. one of the last surviving tuskegee airmen has died. brigadier general charles mcgee died sunday morning in his sleep. he successfully completed 409 air combat missions in a 30 year span of service fighting in world war ii, korea and vietnam. the teske ghee airmen making history by being the first black military pilot in the united states. he was 102 years old. his daughter was with him when he died and said his hand was over his heart and he had almost a smile on his face. back to you. dagen: god bless him and god speed.
incredible life. thank you so much, cheryl. the texas department of safety is seeing him take into human smuggling cases throughout the southern border as a video from texas shot just last week with 28 illegal immigrants smuggled inside this truck. smuggling organizations are said to be profiting , bringing in $100 million per week onto human smuggling alone. joining me now from the rio grande valley where maria reported from last april, texas department of public safety lieutenant christopher olivarez. thank you so much for being here this morning. just, describe what you are seeing every day being on the job trying to enforce the laws of this country and help people who are being trafficked, help stopping the drug trafficking. >> good morning, dagan. great to be with you.
what we see right now for 2022 is an uptick in human smuggling because the criminal organizations are exploiting the current border crisis and they are recruiting drivers with the recruitment of drivers it through social media and the video that's shown out the particular driver was from houston, texas and was recruited through a social media platform to be a driver to smuggle illegal immigrants because it's very profitable not only for the driver, but for the criminal organization because it's a low risk, low prosecution in terms of what these individuals are caught especially when we talk about young adults and juveniles apprehended. we have an uptick in these human smuggling cases and they use various methods to smuggle illegal immigrants into the country and that's a perfect example of what we see in laredo texas and throughout the southern border. dagen: lieutenant, wouldn't this be something drivers being recruited on social media, wouldn't it be something that the federal government at the direction of the white house
could easily track and to stop? >> of course. we saw this throughout 2021. we saw the trend of human smuggling recruitment through social media platforms. we have shared multiple videos throughout the year with different various media outlets to show what's taking place , to show how these criminal organizations are exploiting the criminal activity using social media and we continue to see that now in 2022, so you are all right on point, yes, they need to take action, but when we talk about taking action we know in 2021 the federal government failed to take any action on the current border crisis. they turned their backs on americans in the country. we continues to see this rising human smuggling, mass migration with drugs pouring into the country. we saw a rise in fentanyl last year and we continue with that
2022 so we anticipate 2022 will be more historic than what we saw in 2021 in terms of the numbers. dagen: fentanyl is the number one killer now of young adults between the ages of 18 and mid 40s and it's really poisoning. it's not-- they aren't overdoses, it's drugs tainted with fentanyl and the fentanyl is pouring directly over the southern border. it's astonishing that it seems like little to nothing is being done to stop it. lieutenant, what you see, is there an effort by the federal government to stop the drug trafficking that-- these people are dropping dead because of the fentanyl coming in from mexico. >> i mean, we saw tens of thousands of american killed by the drug last year in 2021. we know for a fact that drug trafficking organizations are manufacturing counter it
feels and smuggling them into the country and that's why we see tens of thousands of americans killed by this drug. the federal government isn't taking action trying to put a stop to this lethal drug coming into the country. i can tell you it falls on the responsibility of local law enforcement, our state agency as well as border patrol agents who are in the field trying to make an impact, but they are being held back to process the mass surge of illegal immigrants coming across so it's falling on the responsibility of the state to take action and that's why in texas we have taken action is fraught-- action from the beginning and that's why the governor implemented operational lone star with stiffer penalties for the manufacturing of a fentanyl and smuggling, but we could talk about this in 2021 you know the federal government is absent they aren't taking action on the border crisis and that's why we have mass migration, illegal immigrants coming in
with drugs pouring in. we see weapons and currency pouring into mexico and that's why they feel emboldened to continue to commit this criminal activity along the southern border right now. dagen: before we go, briefly talk about what operation lone star has been able to do in terms of drug seizures and trying to protect the people of texas. >> the primary focus of operation lone star was to safeguard not only the state of texas, but the entire country because we know that our men and women of texas are the first line of defense at that river along the southern border. they are there to disrupt and deter criminal activity, criminal gang members, cartel, potential terrorists. drugs are coming into the country because we know that this element, these drugs aren't staying in texas. they are affecting the entire country and that's why it's important for the american people to understand this affects the entire country.
these illegal immigrants, these criminals are coming to a state near you and that's why it's important we put more pressure on the federal government to take action. dagen: they are coming to a state near you in part because these illegal migrants are being flown into cities, flown into states by this administration in the cover of night in many instances, so again, it doesn't turn into-- they don't want the photo op, if you will and they don't want people to know that these illegal immigrants are being placed in certainly in states up and down the east coast in part. final word it to you, lieutenant christopher olivarez. >> dagan we will continue to move forward with this operation. we will-- we can't rely on the federal government to take action and that's why governor abbott stepped in from the beginning and as we see threats along the border we can expand operations and address that threat and that's what we are doing
because we have the responsibility to safeguard texans, safeguard the state of texas and most importantly the entire country. dagen: lieutenant christopher olivarez, thank you so much for your service, sir. >> always a pleasure. dagen: coming up, the surge of train robberies leading california police scrambling. the video you have to see to believe in this morning's hot topic buzz plus celebrating the life and legacy of dot-- doctor martin luther king jr. shelley bell is here on how her business gives a helping hand to start up companies. that's next. you are watching "mornings with maria" live on foxbusiness. ♪♪ real cowboys get customized car insurance with liberty mutual, so we only pay for what we need. -hey tex, -wooo. can someone else get a turn? yeah, hang on, i'm about to break my own record. only pay for what you need.
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dagen: our next guest is leading the charge to ensure women of color have access, proper access to venture capital owning their own companies. black girl ventures is responsible for funding or than 260 minority owned businesses with those founders representing the creation of more than 3000 jobs and joining me
now black girl ventures ceo shelley bell. shelley, good morning. tell us about what you are doing, the current estate of funding for businesses owned by women of color in particular. >> a good morning. yes, so black girl ventures works on capital capacity and community for black women founders and we do that through a few different programs. we realized our pitch program was unique because it increases funding by including communities. you vote with your dollars and we grant that capital back out. we a fellowship. it was launched. we are working with the nba, working with nike, working with the visa and so really amazing to see this through the next level for minority founders. in terms of what's happening right now, you know funding really
hasn't moved much like i will say that when the numbers came in last week in the article they released saying women in general are still just at 2% and the percentage has been going up and down. it will go up to 2.2, 2.4 may be and then during the pandemic we see funding going to minorities go down when it comes to venture funding. dagen: but, the demand for the funding is there, is it not? tell us about some of the businesses that women of color have started just in the last couple of years because the innovation and the drive is a just heartwarming and inspiring. >> yeah, we see companies that are in the tech industry building technology to solve all problems like a great company working on people being able to pay their utility bills while they shop. we see amazing companies
looking at the meta- verse and opportunities there. companies like building out avr exar platform for children to go on field trips, using vr. and then beverage and beauty companies as well , i'm sorry food and beauty companies. we have the ceo of all the moneta and they are a cycle and fruit and creating beverages that are culturally centered and available for anyone so we see quite a bit of innovation from the companies we work with the. dagen: i want to talk about today. we honor the life and legacy of doctor martin luther king jr., iconic leader for this country. shelley, this week black girl ventures is unveiling a mural in washington dc titled entrepreneurship is a boxing match. this is a symbol of understanding and hope to get in the ring and
fight for businesses, their customers, their communities, every single day. talk about the effort to put this mural up and what it symbolizes to you. how awesome. >> yeah, so want to renew her ship is a boxing match was out poem i wrote about five years ago to just kind of set the stage for like what we are dealing with i mean the reason why a boxing match is so key is because no one looks at a fighter sideways because they decide to keep stepping in the ring. they feel like the ring is where they will be and where they box it out and so as an entrée nous are you step in willingly every single day because you see the path of legacy. in terms of like equality and now, we are looking at equality and equity. if you were to take black america and look at it as a company, you know the majority of it risk is caused illegally
over history by the federal government and like the evolution of laws, so i think that what we see now is hey, we have innovation, we have ingenuity, we have intelligence, we have careers and we need to be let in widely into the finance industry, venture capital well-- realm and private equity. dagen: thank you for being here and thank you for everything you are doing and i know that if anyone is out there and they have an idea, there is funding for them. you know there are people there who will be there supporting network and i think that just hearing your voice particularly on a day like today is just lifting up a lot of people. shelley, thank you. great to see you. i'm going to check out you know go to your website and look at all the businesses you are finding, some real innovations out there. thank you so much for being here this morning. shelley bell.
>> thank you. dagen: have a blessed day. coming up, walmart moved towards the meta- verse and what it means for the retail giant. we get into it with our word on wall street, plus crime on the tracks as thousands of packages stolen along that union pacific train route and how the railroad is saying it will pull its trains off the tracks if los angeles county district attorney doesn't get crime under control. hot topic buzz next. ♪♪
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dagen: time for the hot topic buzz. a mess on the tracks, union pacific warning that it may stop operations in los angeles if los angeles county district attorney does not reconsider his soft on crime policies. fox news reporter bill melugin broke the story, looters leaving piles of empty boxes along the rail tracks in la county, more than 100 people have been arrested. most are out within 24 hours on no bail. jon hilsenrath, this is important because this is where you begin that kind of financial death spiral in cities where you
have soft on crime policies. the crime goes up and people leave and businesses leave, if they don't start cracking down on, say, just rampant theft. >> right. i mean, you're totally right. these are dynamic situations. what happened in the '80s and '90s crime got really bad in places like new york, los angeles, chicago and new york and la in particular cracked down on it. i mean, people in the end decided they weren't going to stand for it and they got it under control and that was one of the reasons why new york and la had really economic revivals over the last 10, 20 years and chicago didn't. so, you know, when this crime wave started in 2020, it wasn't clear whether it was going to be lasting or temporary, related to covid. i think at this point we have to say it's a lot more persistent than anybody expected, well, a
lot more persistent than we hoped and it's time for people in charge to really start taking it seriously and figuring out what to do about it. dagen: certainly new york city is going in the wrong direction, ryan, with district attorney here, alvin bragg's soft on crime approach and there's been an exodus of prosecutors out of the manhattan district attorney's office. that's disheartening as well, ryan. >> yeah, it's a problem. i live by soho which is a big shopping district. every week if i walk down broadway i see people running out of stores with stolen goods being chased down the streets, it's almost like out of a movie but it's real, it's happening and i think another part of this is just because we have inflation, right. goods right now go for a lot more than they used to. so you're seeing real pro fecial -- professional rings coming in and wiping out clothes and stores overnight which is crazy. dagen: which would be something that and is something that the feds could fight, that the fbi
and department of justice could fight. if you target gangs and that's one way that the federal government could do something about it. ryan and jon, sit right there. the next hour of "mornings with maria" starts right now. ♪ dagen: good morning, i'm dagen mcdowell, in for maria bartiromo. it is monday, january 17th. the day we honor dr. martin luther king, junior. your top stories, 7:00 a.m. eastern. the writing on the wall for the biden administration, a new cbs news poll shows more than half of americans are fed up with joe biden's presidency, saying he's not focused enough on the economy, inflation hitting -- running at a 40-year high. what you need to know, ahead. markets are closed today for martin luther king, junior day. but futures are trading and pointing to gains, gains across the board on the dow, s&p 500
and the nasdaq 100 futures. but last week all three major market gauges finished in the red again, both full trading weeks in 2022 ending with losses. european markets are all in the green, gains in england, france and germany, mixed story in asia overnight, you had gains on the nikkei in japan and shanghai composite up half of 1%. china reporting the economy grew by 8.1% in 2021 but the fourth quarter only un4%. the central bank cutting rates for the first time in two years. "mornings with maria" live right now. some of the top stories we're watching this morning, a new warning for american as omicron cases are on the rise. cheryl casone has more. cheryl. cheryl: that is right, dagen. u.s. surgeon general vivek murthy says the next few weeks will be, quote, tough as new cases reach a seven day average of 808,000, the surge also
putting pressure on hospitals. department of health and human services says the seven day average of confirmed and suspected covid hospitalizations now at the highest reported level ever with nearly 156,000 reports as of sunday. well, the u.k. officials arresting two teens overnight who they say are connected to this weekend's significant going to siege in -- synagogue siege in texas. the fbi identified the suspect at malik faisal akram, a 44-year-old british national who traveled to the u.s. in the last several games he was killed after storming the synagogue, taking four hostages in a ten hour standoff. thankfully all of the hostages were able to suspect. the fbi said the suspect was demanding the release of a prisoner who was serving an 86 year sentence for trying to kill u.s. soldiers and fbi agents. akram claimed to be her brother which her lawyer says his not
true. border patrol agents and the texas department of public safety finding 20 illegal immigrants at a laredo hotel, after reports of suspicious activity at the hotel, this is days after border patrol officials said they stopped an attempt to smuggle 400 pounds of marijuana with a street value worth over 300,000. well, powerful winter storms are wreaking havoc on the east coast this morning, causing dangerous conditions throughout the south and northeast over the weekend, into today. thousands are without power this morning. airlines forced to cancel over 1200 flights this morning and that's at only 7:00 this morning, folks. charlotte douglas, reagan national, newark, chicago seeing the most cancellations. car accidents by the way on slick roads are causing delays for miles, up and down the eastern seaboard. and then in florida a pair of powerful tornadoes touching
down, destroying dozens of homes and damaging others. so far, four injuries have been reported. quite a morning. bundle up. dagen, back to you. dagen: thank you so much, cheryl. time for the word on wall street, top investors watching your money this morning. the markets might be open but we're here at work because we care and we love our jobs. payne capital management president ryan payne is here, brandy wine global fixed income portfolio manager jacking entire and lpl financial chief market strategist ryan dietrich. jack, markets are closed today for the day we honor dr. martin luther king, junior. futures are in the green as we look ahead to another round of bank earnings, goldman sachs, bank of america and morgan stanley among just a few set to report. major banks jp morgan and citigroup finished down on friday even after reporting better than expected earnings. jp morgan's ceo jamie dimon joined maria last week to talk about the banking industry. watch this. maria: you also have president
biden considering sarah bloom raskin as the chairman of bank supervision, this would be the person who has complete oversight into the banking industry. what should we watch for. >> i'm going of to do the best i can for my country, my company, and navigate. they have legitimate complaints, we want to fix things like that. i wish -- i do want there to be more collaborative words between business and government. jp morgan chase will be fine. if a regulator calls me up and has a complaint or issue and it's legitimate, we should fix it. if it's not legitimate, we should do something different. dagen: jack, you specialize in fixed income so i'll raise the issue. banks, if you -- if they can borrow on the short end and lower rates and lend out on the long end, their net interest margin, that would benefit banks, unless the federal reserve as jon hilsenrath
pointed out fouls it up and screws it up and short rates end up higher than long rates. so how do you see this playing out in the coming year, particularly for the banks? >> yeah, dagen, it's going to be interesting. because i think the fed, they've had experience, they don't want the curve to flatten too much, become inverted. we're going to tighten policies. i think they're going to rely on restricting the balance sheet, to try to manipulate the shape of the yield curve. from a banking standpoint, you're starting to see loan activity uptick which is good. that means they're buying less he treesly -- buying less treasuries. the banks are pulling back on treasury purchases, looks like yields are going to continue to move forward. dagen: ryan, walmart prepping for the meta verse, planning to create its own cryptocurrency and collection of nfts, non-fungible tokens. why? is this going to give the
retailer a boost? [laughter] >> i was thinking i need more virtual electronics in my apartment. that's what i'm missing right now. [laughter] >> i think i'm skeptical of a lot of this, meta verse. look, i think corporate america, they probably feel like they're missing the boat on something, think about how walmart and other companies were late to the game with e-commerce, maybe they feel like they have to get in the game. maybe in 1 # # -- 10 of years we're going down to virtual walmart and picking out goods and they get delivered to your home. maybe that's realistic. i think right now there's a lot of scrambling going on, on something we have no idea how it's going to pan out. it reminds me, remember back in 2000 when we had the tech bubble, everyone predicted that cable is going to go away, you know, we're going to watch everything on the internet. well, it did happen but it took 20 years. we're starting to cut the cord on our cable and stream everything. so i think it's just a fad right now. i think it's like kind of buyer beware, you have to be careful.
what i do like is walmart does sell real goods and services and they have pricing power so if inflation is real and i think it's real, real, if i can say that, they can actually keep increasing their prices which that's a great inflation hedge and this is why you want to own stocks here as inflation continues to really hamper down on the economy. dagen: right. companies that can handle the inflation as you pointed out, they can have the heft to do that. ryan, you say higher yields and an improving economy in 2022 will support cyclical stocks even after last friday you like financials and energy? tell me more. >> yeah, dagen, we do. thanks for having me. you look at it -- we look back to the mid- '90s we found seven times the 10 year yield was significantly higher. take a guess what the s&p 500 is. it was higher every time, a lot of those times significantly. now yields have started moving
higher. the short end, the short yields are going higher, shorter term yields are going higher, longer term are as well. those support banks. why we like banks and financials, there a lot of banks that just like this month are going above where they were in 2007. you talk about where is the value, right. technology had its big run, obviously has been weak as yields have gone higher, hurting higher priced areas. banks and financials are cheap, where they were 15 years ago in a lot of cases. those are positive things there. over-the--- overall, the u.s. dollar is weak. that helps dollars and industrials. all in all, cyclical values are what we like for a wheel. we think the rest of 2022 with the economic cycle that's slowing, it's still moving pretty good. we should have 4, 4.5% gdp this year. values, we're overweighting a lot of the models we run from nearly 20,000 advisers. dagen: good to see you this
morning, ryan and jack. we will see you again very soon. ryan payne you're with us all morning long. coming up, the backlash of biden's poor planning, why his own party is asking why he wasn't prepared for the omicron surge, that's next. plus, retailers are still feeling the impact of the supply chain crunch, john kastamatides is hear to weigh in. joining the conversation all morning long, ryan payne and jon hilsenrath. you're watching "mornings with maria" live on fox business. ♪ this... is the planning effect. this is how it feels to have a dedicated fidelity advisor looking at your full financial picture. this is what it's like to have a comprehensive wealth plan
worker's comp can crush a small business. every year it would jump 5, 10, 15, 20 percent - even though there was never any claims. and that's where i was struggling as a growing business. i'm very happy that i moved over to pie for my worker's comp. from start to finish, it was extremely easy. they quickly came back to me with a plan that was affordable for me so that i could grow my company while not breaking the bank. ask your agent, or get a quote at easyaspie.com. dagen: president biden's handling of the pandemic gets a failing grade as a new cbs poll shows 64% of americans say it's, quote, going badly.
all this as insurance companies are scrambling to fulfill his directive which forces them to pay the cost of at-home covid tests. jon, your thoughts on this? be in the break i was watching dana white of the ufc go off on the lack of availability of monoclonal antibody treatments for people who contract covid and as the wall street journal editorial board pointed out last week, the $2 trillion spending package passed last march, less than 1% of it -- of that money went for treatments like those monoclonal antibodies. jon: i think that one of the main arguments that democrats made against donald trump in the 2020 election was that he handled the covid crisis so badly and that they were going to come in and handle it better. and certainly we had a surge this summer which left a lot of people dead. we're having another surge now.
it's not clear how dangerous that's going to be for the population. but i think it's fair to say at this point that it hasn't gone very well and that's one of the reasons for joe biden's unpopularity. dagen: ryan, i'll point out that, well, it's the tests, the lack of tests were a problem before the election and joe biden and his cronies hammered the trump administration about it. so where are the tests? that's all people -- you had people lining up for hours, standing outside of vans in new york city and then even last summer when the glaxosmithkline monoclonal antibody came out which is -- it turns out is effective with omicron, governor ron de santis of florida had to go around the administration and order treatments directly for
himself and it wasn't until the fall that the biden administration started ordering these treatments, ordered a billion dollars. but again, they were just back on their heels month after month after month. it's shameful. ryan: it's bad, right. it seems like it's playing catch-up here. why have the insurance have to do reimbursement, there's not enough tests anyway. it's the typical politician overpromising. it's hard to navigate the virus. for anyone to claim they can control it and figure out a way to reduce the amount of cases, et cetera, et cetera, again, it's just like all over-promising because clearly this is a very complicated situation that this pandemic we've had for two years now. dagen: right. as the journal editorial wrote, the biden administration focused on masking testing and vaccines. prevention, like trying to prevent a virus that you can't
prevent rather than treatments for those people who do contract it, shoot, i've had it twice. and i'm vaccinated and boosted. i've had it twice in 10 months and if you try to get -- i got an antibody infusion the first time but you try get your hands on one now, good luck. it's really disgraceful. before we go, president biden's own party wants answers on his handling of the pandemic so it's not just conservatives who are upset. a group of democrats sent him a letter on friday demanding to know why the administration wasn't prepared for the latest omicron surge. jon, it's -- i think -- i can't remember which senator authored the letter, but i know that even, say, kyrsten sinema signed onto it but also mark kelly and jon ossoff from georgia. jon: right. this is another example of how this administration promised it was going to handle this
situation better than the trump administration did and you can't give them high marks on accomplishing that goal at this point and i think it's also a reminder that it's really easy to shoot from the sidelines when you're not in power, when you're in power it turns out that these choices, these decisions are a lot harder to make. we haven't had anything like this pandemic in over 100 years. and then i think that the path of covid has now changed. i think we've gone from a crisis pandemic in the early stages to now something that's endemic and we've got to learn to live with it and i think this administration is going to have to figure out how its own strategies and policies adapt to that. dagen: i have no hope. but it's -- no, i think that the american people are figuring it out and they're going to -- again, my dad makes a heck of a lot more sense about the
pandemic than anybody who is flapping their gums down in d.c. but that's a problem with politicians. they end up -- jon: what's your dad's advice? dagen: he's like treat it like it's the flu, you know, get your shot every year. if you're sick, stay at home. don't worry about getting tested. stay it's home. it's symptoms over testing. we've got to run, ryan. i'll let you speak next block. the he debate over remote learning, we're watching the toll that school closures are taking on the workforce, that is next. you're a one-man stitchwork master. but your staffing plan needs to go up a size. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description.
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dagen: virginia governor glenn youngkin sworn into office on saturday, wasted no time lifting the school mask mandate. he's facing pushback in arlington, virginia, alexandria, fairfax county, who want to keep it in place. white house press secretary jen psaki tweeting this on her personal account, quote, thank you to aps, the arlington county parent here, don't believe you are glenn youngkin but correct me if i'm wrong, thank you aps, virginia, for standing up for our kids, teachers and administrators and their safety in the midst of a trans miss
i'll variant. -- transmissible variant. new york city schools giving students the option to attend schools remotely. joining me now, iowa congresswoman, ashley henson, member of the house appropriations and budget committee. good to see you this morning. your thoughts on what's going on down in virginia? >> well, i think this is about freedom, this is about parents having the choice and this is about fighting for that next generation and it's too important of a fight to back down from. i'm a working home. work mom, -- working mom. i know what it's like to sit on the kitchen counter trying to work while kids are trying to do school next to you. i know it's a toll on working families when kids aren't in school. this is an important fight. kids should be in classrooms learning. we know they can do it safely. we appropriated hundreds of billions of dollars to make sure they can do that and a make sure school districts have a plan to do that safely and unfortunately now it feels a little like deja
vu from last year. dagen: congress has already spent nearly $6 trillion on covid relief since the pandemic started. but that might not be enough for some. they're pushing for even more stimulus, blaming the need on the rise of omicron. i mentioned that letter that senate democrats sent to the white house to correct myself, it was authored by senator jackie rosen but signed by senators manchin and sinema and even mark kelly in arizona and jon ossoff in georgia. but is there the need for more money and do the democrats really at this point with inflation skyrocketing have the nerve to try and pass more spending when so much of certainly the $2 trillion was misallocated or incorrectly spent. >> absolutely, this is about accountability. we should know where every cent of the money that went out already as covid relief last
year and the year prior, we should know where that money is and if it's spent correctly. we know some of the programs were well intentioned but did have fraud, waste and abuse. before we spend another time i think it's time democrats live in the universe that we're living in which is that everything costs more and you continue to pump more money into the economy, this is exactly the impact it's having. inflation is a tax on working americans and when you look at the wage growth that happened last year, it actually ended up being about a 2.4% cut for the average working american because of that raised inflation. at this point americans are paying the price for president biden and speaker pelosi's spending he spree and it's high times we hit the brakes on that. dagen: what about the supply chain problems, what are you seeing in your home state? >> that's exactly what we're hearing. most of the supply chain problems are contributing to inflation, unnoterly. i visited -- unfortunately. i visited a manufacturer in my district, he talked take about the price of a shipping container, that went from $4,000
to $29,500 in less than a year. and it increased prices about 600% as a result of that. so you look at the impact that this is having on our small local businesses, we're feeling the impact and they're having to pass it onto customers. dagen: congresswoman, good to see you this morning. thank you so much for being here. >> thanks dagen. dagen: coming up high costs for the consumers, gas prices are up, grocery store shelves are empty. businesses are impacted by the supply chain crunch. we'll break it down next. we have a recap of the games over the weekend as we look ahead to the super bowl, that's ahead. stay with us. ♪ the story of my life, i take her home. ♪ i drive all night to keep her warm inside. ♪ it's frozen. ♪ wow, we're crunching tons of polygons here!
cheryl: welcome back. i'm cheryl casone. some of the other headlines this morning. convicted sex trafficker ghislane maxwell is ready to name names. her lawyers telling the federal judge she will no longer fight to protect the identities of eight clients who allegedly abused young women, secured by maxwell and jeffrey epstein. they're listed and john does in a 2015 civil lawsuit against maxwell. well, peloton is about to get more pricey, starting at the end of january, the company going to charge customers an additional $250 for delivery and set-up for the bikes, $350 for the treadmills. these fees were previously included in the total prices. the company blaming the price hike on rising inflation and supply chain pressures which has led to a cost increase. well, netflix also raising prices once again, the standard plan hiked to $15.50, that's an
increase of $1.50. this goes into effect immediately for new subvibers and gradually for existing suppliers. this comes as competition is increasing with multiple platforms launching competitive and cheaper options. finally to the nfl playoffs, the chiefs get a dominant home win over the steelers in what may turn out to be ben roethlisberger's last game. patrick mahomes throwing five touchdowns in the victory. meanwhile, tom brady and the buccaneers blowing right past the eagles, tampa bay forcing three turnovers in the 31-15 win. the bucs are the champs. the major story was the dallas cowboys falling to the 49ers, san francisco winning 23-17 after cowboys' quarterback was unable to spike the ball at the very end of the game. this sets up a niner's, packers matchup next saturday on fox, dagen. by the way, skip allen from fox
sport says dax prescott made 75 million but played like a $4.50 quarterback yesterday. dagen: the game tonight, who is playing? cheryl: i can't remember. dagen: someone get in my ear and tell me who is playing. i forget. cheryl: i can't remember. dagen: cardinals, rams. cheryl: i'm trying to recover. cheryl: cardinals, rams. dagen: that was our director, paul. cheryl: i need a break. dagen: those are two teams i don't care about, ever. but i will watch. thank you so much, cheryl. bare shelves biden, americans in shock as grocery store shelves are increasingly empty. the winter weather surge could keep store shelves december late even -- desolate longer. my next guest says he expects this to continue for the next six weeks. joining me now is gristedes and
dasg ostini foods president, john catsimatidis. explain what you're seeing in terms of the supply chain disruptions, bare shelves. what's the hardest to keep in stock here? >> well, it's a multiple choice of items happening. first of all, you have omicron. second of all, now you have the weather on top of it. third of all, you have the price of crude oil is 83, 84, 85, $86 it's going to and if russia shakes a little bit around and makes believe they're going to attack the ukraine, you could have $100 oil and mr. putin will behalfing all the way to the bang. -- be laughing all the way to the bang. what's happening in our country, omicron is keeping a lot of people home in the midwest, a lot of places, taxing the ability of warehouses to stock
the product, load the product, and put it on the trucks to deliver to the stores. now, what's going on? there's a shortage of truck drivers. so it creates an entire system of problems. you have a problem also at the manufacturing level. we've always had problems with procter & gamble, getting enough bounty, getting enough charmin. our stores in the northeast, in new york, we're fully stocked because we have a lot of alternative suppliers. but stores in the rest of the country are in deep trouble because you drive around and you see half the shelves are empty. and that's a serious problem and it's caused by people staying home from omicron, the weather -- it wears them down and the prices are going up and so what happens is when you see $83 oil
on friday and going to 85, 86, the prices are going to go up again. they're going to go -- we have seen price increases coming in in the food business in february and in march. so there's going to be price increases and when you have -- i don't use the word inflation. this is a tax on the poor. this is a tax on the low and middle class because a they're the ones paying the price for what's going on in our country and the white house and washington has to know that. they've got to bring the price of oil down and the only way you bring the price of oil down, open up canada. open up alaska. why aren't we buying it from them? dagen: well-said. john, also i want to bring up in terms of bare shelves one thing that causes -- keeps inflation elevated or as you said a tax,
it's crime. the theft here in new york city, the shoplifting and shoplifters who don't get prosecuted, look no -- and then we have a new da who is going to make matters worse, downgrading felonies, the famous memo that he wrote, downgrading felonies to misdemeanors. how much of a problem is that for you to keep your stores stocked and also how do you see that contributing to supply problems and inflation problems in the weeks if not months to come? >> well, let's talk about the crime problem. it is a serious problem. and all americans, all new yorkers and all americans have to put their foot down with their politicians and say enough is enough and they have to say that keep our cities safe, keep our country safe, or else. now, politicians are scared of one thing.
not getting reelected so the politicians have to be more scared of common sense americans, common sense americans. common sense democrats, common sense republicans that will band together and say enough is enough, let's get rid of the crime. so if our politicians get scared enough of the common sense americans, then they won't worry as much about the socialists that are trying to push our country downhill. dagen: like governor kathy hochul has to be shaking in her heels, watching what the new district attorney here in new york is doing. she can't possibly be on-board with it. over the weekend, manhattan prosecutors, some who have been there for decades, who prosecuted and got important convictions for the people of new york, they're out the door. their boxes are packed and they're leaving. some of them don't even have jobs so maybe she does something
about it. but john, i want to get onto bigger picture, well, federal or washington politics. on your radio show yesterday, former bill clinton advisor dick morris said there's a good chance we'll see a rematch between hillary clinton and president donald trump in 2024. he told you hillary clinton has positioned herself as the democratic alternative to biden and the extreme left in the democratic party. she has spoken out against the far left progressive ideas and policies. your thoughts on a rematch, trump/clinton? >> round two. ding. i believe hillary clinton, she is a very, very smart lady, me and dick morris worked with her and with bill clinton, me and dick morris worked with donald trump. i think there's going to be a rematch. i think hillary clinton wants to do it. i think she's very smart, she's going to do whatever she has to do because the democratic party
is out of control and bill clinton, who is the smartest president i ever met, advises her and tells her to come center and that she will bring all the moderate democrats together, bring the democratic party together, they're going to give her the nomination, she's going to run. donald trump, i don't see anybody in the republican party that has the ability to stop him. so if those two items are true, you're going to have round two, hillary versus trump. dagen: i'll add this. so when hillary clinton ran the first time, she was running -- she wanted to not run on president obama's record but how could you do that? how could you turn your back on the outgoing democratic president who is there for eight years. she could easily run against this record, easily, and have some middle of the road policies. so it would be kind of a lay-up
for her. we don't know what the next three years are going to look like but this last year has been a disaster for the biden white house. final word to you, mr. catsimatidis. >> final word? i think she's going to do it. i think biden does not know what his surroundings are like. he is making the biggest mistakes of our country's lives. it's costing every american a lot of money. every mistake that president biden is making is costing america money. and she's going to capitalize on that and tell everybody she's going to bring america back on her end. dagen: and stop calling people deplorables who you don't agree with, start with that, hillary clinton. john catsimatidis, good to see you. thank you so much for being here this morning. >> thank you. dagen: coming up, watching the omicron surge, hospitals seeing record cases as many experts predict more worse variants might be on the way. new warning for olympic athletes
heading to beijing, it's making a buzz this morning. you don't want to miss it. maria: this week on "mornings with maria," tomorrow, more border agents shot at from across the rio grande river. former dhs second chad wolf is here. wednesday, inflation at levels not seen in 40 years, former national economic council director larry lindsey breaks it all down. thursday, omni hotels and restores shrugs off the pandemic to continue growing, president he peter streble is here. friday, some troubling trends for democrats in an important election year. mark penn with the latest polls, it's all here on "mornings with maria." n. that's why i love liberty mutual. they customize my car insurance, so i only pay for what i need. how about a throwback? ♪ liberty, liberty, liberty, liberty ♪ only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪
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dagen: the omicron surge putting pressures on hospitals. the department of health and human services say the seven day average of confirmed and suspected hospitally sayses at the highest level ever. this as the u.s. surgeon general vivek murthy warns that the next few weeks will be, quote, tough, as the seven day new cases average reacheses nearly 808,000. infectious disease expert and johns hospital's hopkins center
for health security and senior advisor dr. amesh adalja joins us now. always a pleasure to see you. how bad are the hospitalizations? are people going to the hospital when -- like what kind of symptoms are they suffering that they would wind up going to the hospital? >> well, we see there are still high risk people, largely unvaccinated, that develop shortness of breath or fever or fatigue and they're testing positive for covid at record numbers. we are still under a lot of stress in many hospitals in the country and then we also have the added issue of people who come in for other reasons who test positive which then take resources because those people have to be put in isolation, they need to be taken care of with appropriate personal protective equipment and thirdly we have the staffing problem that we see all over the country where there are just less staff beds and the hospitals are trying to do covid plus everything else. so it is very critical in hospitals, these next couple of weeks are going to be important
because we've got to make sure that the hospitals can get through this surge to the other side. dagen: some of the shortage in staffing, is it because of vaccine requirements, do you think? >> not so much. the vaccine requirements have only started to go into force now, at least with the cms requirement and there are only been a handful of hospitals that required vaccination as a condition of employment. most of the staffing issues have to do with burnout, people leaving acute care, becoming travel nurses or going to different professions. it's very hard to say what it's like in hospitals now because we've been at it for two years and after this interview i'm going to the hospital. it's really difficult when you're dealing with a vaccine preventable infection, vaccine preventable hospitalization over and over again and i do think that hospitals should have their employees vaccinated. i think it's a professional obligation. dagen: you say it's vaccine preventable. i'm vaccinated and got it. everybody i know is vaccinated and got it, many of us a second
time. >> it's vaccine preventable when it comes to what matters, severe disease, hospitalization and death. the people we're seeing in the hospital are not people who are fully vaccinated or boosted for example. it's people who don't have vaccinations. i worked this whole weekend and it's unvaccinated individuals that are getting hospitalized. it's vaccine preventable when it comes to the outcome that matters which is severe disease. dagen: experts are warning that omicron's quick spread will ensure that further variants, saying there's no guarantee any future ones will be mild. how do you see that? >> i do think this virus is going to continue to mutate, it's been mutating since it found its way into humans. i think omicron is making it very hard for other variants just the way delta blocked vair yantsz. we will see -- variants. we will see more mutations, variations, more ability to evade vaccines. that's what other coronaviruses do. this is following the path. omicron may be the first step towards what the virus starts to look like as we get into a
seasonal version of it. that's why it's so important that we get vaccines into high risk individuals because all of those other variants have the same capacity to infect people that have high risk conditions and end up causing problems in hospitals again. so that's the problem that we're going to face is getting more vaccine into people, more anti-virals, more more monoclonal antibodies. it will be a tamer version as our systems get used to it and we have more tools. dagen: how likely is it that people will need a second booster shot. my father asks me all the time. he got his booster in august, like very early because he's older and has some heart issues. so what about another booster for people? >> i think it all depends on how things unfold. it also depends on what our goals are. i think for immunosuppressed populations, high risk
population, routine boosters may be necessary. for healthy people, i think we have to figure out what the goal may be. if the goal is -- i think the goal shouldn't be to prevent mild illness transiently. for high risk, i think there will be a role. we have to see what happens with second generation vaccines. there's an omicron specific booster being developed by virus. there are other universal vaccines. that may change how we think about the vaccine policy in the future. it's too early to tell. dagen: dr. amesh adalja, thank you for being here. >> thanks. dagen: boycotting beijing, the new warning for olympic athletes heading to the winter games. the hot topic buzz, next. ♪ ♪ ♪ ♪ ♪ ♪
. dagen: time for "hot topic buzz," bring the burn tore beijing warning from u.s. olympic committee over surveillance concerns traveling to china leave personal electrons at home coca-cola intel, airbnb feeling increased pressure over corporate sponsorship for the games this is the backdrop is china's human rights abuses, and concentration camps, should athletes be worried common place to travel
to china from united states to take a burner -- jon: i think athletes worried might not have as much to lose as say an executive with corporate secrets, but as you say it is commonplace someone is going to be starring into your phone -- as soon as you walk into china. i wonder even if you have a burner phone if you have open accounts on instagram or square are they fining a way into that a bigger picture of competition united states is now in, with, the world second largest economy china. frankly, i don't see how in the long run, an economy and country that spies on its own people and spies on visitors can overtake united states, as the -- the world's most innovative dynamic economy i just don't think a formula for
success. dagen: innovative, and dynamic, jon's words i know a huge issue for olympicb athletes into china poor quality of healthcare that athletes receive and in the past, chinese doctors have interfered intervened when athletes were jurisdiction. >> i am not sure i want a chinese doctor looking at my healthy especially during olymp ikes, china has these through tiktok. don't know if a difference bringing burner phones if on tiktok. dagen: i never downloaded it. so,. >> you are safe in china -- from china.
>> i have been downloaded leave it at that next hour of "mornings with maria" starts right now. . good morning. i'm dagen mcdowell in for maria bartiromo. it is monday january 17, day we honor live and legacy of dr. martin luther king jr., your top stories at 8:00 a.m. eastern. the writing on the wall for biden administration, a new "cbs news" poll shows more than half of americans are fd up with joe biden's presidency, saying not focused enough on the economy, inflation is running at a near 40-year high, what you need to know ahead markets closed today for martin luther king, jr., day futures pointing a gains on dow nasdaq s&p 500 nasdaq 100 futures there last week all three major gauges finished in the red again, trading weeks in 2022 ending
with losses, european markets, are in the green, against in england, france journey as we start this week, overseas in air base microsofted story gains in shanghai composite china reportedly economy grew 8.1% in 2021, the fourth quarter gdp rising by 4%, central bank cutting rates for the first time in two years a, "mornings with maria" is live right now. . . >> markets closed this morning, in observance of holiday honoring the life and legacy of dr. martin luther king, jr., markets closed we are open for business here working because we love our jobs, dow ending down more than 200 points on friday, lower by bank stocks, taking a hit as investors seem disappointed with the better-than-expected earnings, big banks, are taking center
stage this week, bank of america goldman sachs, morgan stanley will report we'lls wells senior global market strategist scott wren joining the conversation brian payne jon hilsenrath, asking most about in addition tell me about it what for stock picking. >> they are the reason that real clients do that is because they put gas in their car go to grocery store, if buying a house or have friends ho bought a house hear prices going, going in their neighborhood. inflation he is one of the things that historically clients pay attention to because they are living at firsthand day in, day out you know there may be other issues out there, chinese bond market, sort of things like that but those aren't things they see every day every week, so, you know what we have to talk to our clients about, and
what i think the biggest thing they need to have some conviction on is inflation going to be entrenched in economy as we look down the road two,try, for, five years are we seeing 6 plus percent cpi or is inflation going to decelerate we are in did he accelerator camp 5. % probably 2023 deceleration from there as well. dagen: ryan jump in. brian: i agree clearly every economist here says to your point around like, under 6%, middle of year maybe 3% by the end of the year, but i think the question becomes, like do we get more population than anticipated, right? and you are seeing that -- out bond market i talk about this on payne points proijz every week one of the fastest
growing in if america, that there is a disconnect with interest rates so low i feel like some point even if inflation comes down interest rates still have to come up to meet that. >> seems to us our target on 10-year he is 225 the end of this year, and, you know, even you know look historically how many cycles you want to being i have done this 35 plus years looking for 4 1/2% gdp if you look in any 4 1/2% gdp environment any time in the past, on 10-year yield higher than 2 1/4% i think reasons that are probably going to keep that yield lower than we would expect historical expecting a drift higher in rates in our opinion you are not going to see a huge affect tech stocks you know rate you jumps 10, 15 basis points, they get hit we like tech
stocks think an opportunity but we think interest rates are going higher next couple years, just modestly and -- dagen: jon hilsenrath you know i have been we have been journalists about the same amount of time, i have lived and worked through two asset bubbles, blowing up the first one in tech stock was than the bad the housing one, is -- horrific for the economy, and i am looking around, looking at crypto, and asset classes, i am never seen a bubble like this. personally. particularly with unprecedented stimulus from federal reserve what say you -- >> i mean the crypto stuff i have been skeptical for years if you are listened to me would have must have had out on all kinds of gains -- i am still waiting to see what underlying purpose of a lot
crypto when we see bubbles burst often because fed he was out of step leads me to a question for stocks, also, a comment the comment is you know, the -- guests have talked about is nation going to raise or fall? >> the fed has 2% inflation target, i believe that they are serious about getting inflation in line with that 2% target, i think the real question is what kind of damage is going to be done, in getting the economy back to that 2% target? is it going to force them to raise rates so much that we go back into recession i think the really big question the other thing i've got for scott, is how do you want to be positioned as the fed goes through shifts? >> you know striking to me that financial stocks had great year last year, now they are earnings are falling do you want to get out of financials, is real estate still a good place to be a great run real estate values
have gone up, so how do you want to position yourself in certainly of sectors, shifts about to go through. >> jon you and i we both know that in most cycles we haven't had a normal cycle in a way that fundamental raise rates too high leave it there too long roll over in to recession that is the question you have to ask yourself as well, is the fed going to make a mistake? i think we would argue that over next 12 to 18 months not making a mistake may be out somewhere beyond that, and then we roll over, we roll over into another recession, that is certainly a big part of it, and really the way we're leaning now as we look out next 12 or 18 medicines we like technology clearly nasdaq has gotten hit harder relative to the s&p 500, you know that is an opportunity we like communication services those are growth components that
we're looking at we do like industrials, which lagged last year, so, once again, in our opinion that is a that is an opportunity, we've been liking financial, so clearly we had a pretty good run there, and i think that as this yield curve steepens, likely from here that is going to help financials rl hooirl o modestly higher we like u.s. over international we like stocks over bonds. >> i encourage everybody to read jason's column about, the arc exchange traded fubt art innovation down 15% so far this year underperformed the triple q trust or nasdaq 100 in last 12 months, by 65 percentage points you want to
talk really, like, rotten performance final word. dagen you need to take advantage of pullbacks market is going to be up 10, 13% this year get on pullbacks. >> scott wren great to see you always plea come back take care calling out dr. fauci the president medical adviser reporting millions in investments in 2020 could play a part in white house agenda? next celebrating legacy of dr. martin luther king, jr., talking to one ceo working to give an economic advantage to all people you are watching "mornings with maria" live on fox business. .
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you can experience better hearing with no obligation. call 1-800-miracle right now and experience a better life. worker's comp was about 20% of my total expenses. i needed a worker's comp policy that wasn't going to strangle my business. when we got the quote back from pie, it was a sigh of relief. we did it online, and it was done very quickly. we saved about 30% when we switched to pie. working with pie was extremely easy. i can grow my company while not breaking the bank. ask your agent, or get a quote at easyaspie.com. sunday . dagen: new warning for o americans omicron cases on the rise cheryl casone was more. cheryl: that is right, dagen u.s. surgeon general says next two weeks, new cases reaching
7-day average 88,000 pressure on hospitals the department of health human services says seven-day average confirmed suspected covid hospitalizations highest reported 156,000 reports on sunday. >> uk officials arresting two teens overnight they say connected to synagogue siege in texas. the fbi identified suspects as malik faisal akram a 44 yearly british national traveled to u.s. within last few days, was killed after storming the synagogue in colleyville more than 10-hour standoff all hostages were able to escape fbi says suspect was demandingries of a is nor known as lady al-qaeda, serving a sentence for trying to kill u.s. soldiers fbi agents in federal prison in teds, akram claimed to be her brother her lawyer says is not
true. >> powerful winter wrieking havoc on ice coast dangerous conditions throughout south answered northeast going this morning, thousands are without power, right now. airlines forced cancel over 1300 flights so far charlotte douglass jfk laguardia newark, atlanta hart field jackson. >> a pair of tornados touching down, four injuries reported. some headlines from here back to you. dagen: fbi had to backtrack you know the original statement by fbi was that they didn't think the hostage today, in an had anything to do with jewish faith? it was in a synagogue. but it wasn't antisemitic they
had to walk that back. >> you are right. dagen: a mind-boggling, kansas senator releasing dr. fauci's fins after fiery exchange on capitol hill last week. >> my financials disclosures are public knowledge. >> you are totally incorrect. >> senator marshal dr. fauci has answered you -- public information. dagen: what a moron. >> records showing white house top doc, 10.1 million dollars in investments end of 2022, dr. fauci is nation's highest paid federal competently making more than 330,000 dollars a year. >> lucrative. >> not bad if you can get it i looked at investments he has financial adviser, i was o fended a lot of the high cost
mutual funds very negative consequences, bond funds rates going up dr. fauci needs a very good financial advisory payne capital management could do better. dagen: at least he has mutual funds, but jon, what say you? jon: a couple things ffrl, the insinuation from a lot of -- critics that somehow trading with insider knowledge to take advantage of role as advisory i looked at these i don't see that, i don't see substance to that alleges, as brian said owns bond friends index mutual funds, to allege doing some insider trading not correct, and not fair. you know, i do think it is important that public
officials make disclosures, we saw turning during financial crisis covid crisis just wrong, i think people should be judicious accusations he has a good-paying job you suspect could make a lot more in private sector he chosen not to do that. >> deciding with -- that fighting with rand paul there was effort early on, to silence anyone who brought up the lab any lab leak, where silence anybody i think even had a lot of problems, where there has been money coming from washington from national institutes of health, to the health alliance into that lab, in china in, wuhan. so there are a lot of issues
there, and also, the attitude of dr. fauci, that if you question me you are questioning science, i am science. he made a lot of proclamations that were incorrect over time. and. jon: i think big mistake saying early on people don't need to wear masks, reversing that, cause of panic hurt his credibility. so i will give it to him on that, on wuhan lab stuff, personally? i think the real scandal there was cover-up by chinese. you know, about where that virus came from, it wasn't necessarily studying the virus it was lab meant to study a virus -- >> there is a lot of email evidence, that they tried to shut down any discussion of a lab leak theory very early on,
when they had -- like, for their own benefit for when the funding going to the lab, looked bad there was a new email disclosure last week, in fact -- tony fauci told me that they couldn't the grandparents couldn't see the grandkids unless fully vaccinated wouldn't even commit to that. jon: but accusing of insider trading -- >> no, no, i am talking about mr. science we've got to go. . ♪♪ care. it has the power to change the way we see things. ♪♪ it inspires us to go further. ♪♪ it has our back.
. dagen: despite supreme court blocking president biden's private sector vaccine mandate on thursday, his administration,is still urging states employers to ignore the ruling, this as house republicans want to hold a hearing on the president's broken pandemic promises, joining me kentucky congressman james comer member of the education and labor committee and oversight committee ranking member, congressman great to see you your leading the push for an investigation into biden's failed policies tell me more about it. >> these policies are having a detrimental effect on our economy we are seeing labor shortage seeing a crisis that
with healthcare workers, not having healthcare workers, vaccine mandates are pushing people, to the edge, to the point where they are just walking away from workforce at a time when we have to get our economy back to work, where it was during trump years before covid, so, we want to hold a hearing this is a big decision, that joe biden madew without input without any debate from congress, and we feel ric there should be hearings so we can -- the funds i think american people on side of the house republicans on this issue. >> how many democrats onboard with you about that i note senate side a range of democrats sent a letter, tersely worded letter to the white house end of the last week unauthorized, by senator jacky rosen but, also -- senators manchin sinema dely, ossoff signed on to it any
democrats with you on this. >> i think so if we forced a vote on this i think would get a lot of democrats, in the house regarding -- you mentioned several democrats in the senate people realize, that the vaccine mandates are contributing to joe biden's low approval rating contributing to the labor shortage contributing to inflation these are issues that every day americans care about, so, why in the world is isn't congress holding him -- democrats control agenda democrats get to dictate which hearings are held right now they have a absolutely no interest in trying to hold the biden administration, accountable they have no interest in trying to, utilize science, discouraging. >> where are therapeutics where is money less than 1% trillion dollars passed last year spent on therapeutics monoclonal antibodies wherer
tests two trillion dollars? >> that is exactly right, again, this is something that joe biden campaigned on i personally believe that joe biden came up with the idea for vaccine mandates at the a time when he was struggling to having the for afghanistan debacle he came out i think a political move to try to pivot, from afghanistan, to talking about covid he thought 2e9 a strong suit we see this is another one of biden's failed policies. dagen: congressman, i mentioned this in the last segment last week, you and congressman jim jordan exposed new emails involving there tony fauci show a potential cover-up of wuhan lab leak maria asked congressman jordan on "sunday morning futures" if fauci would be investigated if gop takes over house listen to this i will get your reaction. >> yes, we definitely are representative and myself senator paul senator johnson
if people for a second, going to do this because we now know without a doubt, that dr. fauci knew on january 31 and february 1, that this thing came from a lab the top scientists in the country were saying it came from lab one said we got notes from conference call on february, are one scientists says i don't see how this can happen in nature but would be easy to do in a lab. dagen: congressman, what where does this go from here. congressman jordan and i talked about this frequently uncovered, the -- information, to prove that taxpayer dollars were going to wuhan labs in echo health alliance dr. fauci and -- denied over a year now uncovered emails show that leading scientists reviving dr. fauci on pandemic raised alarms as early as february 2020 this was lab leak probably was man-made instead of animal to human dr. fauci
kept saying this is going to be a priority we are want to a do everything in our ability to prove the origination of covid-19 maybe never happens again more emails we uncover documents we uncover house oversight committee congressman jordan member of house oversight committee they were constantly focused on immediate trying to scam this that media stayed bog what did you say dr. fauci said not a lab leak that it was animal to human instead of being a lab leak and being man-made. so, we want to know why but we also want to make sure this never happens again, and make sure that this tax dollars never go to any type of -- >> still -- joe biden has not brought up the issue of the origin of coronavirus killed more than you know millions of people around the globe coming on a million americans getting
near that -- that mark, and he has never in this year has not said to xi jinping, raised the issue of the origin in the investigation into origins. >> it makes no sense, because we're not accusing joe biden of manufacturing covid vaccine we are accusing china why won't biden administration work with house republicans trying to determine the origination they owe it to all those dead and grieving families thank you so much great to see you, sir. >> thanks for having me on. >> future of the fed why biden progressive six could mean, horning dr. martin luther king, jr., how one ceo is connecting with people, with people with capital when they need it to start a business. don't miss it. . . ♪♪
tenpas djokovic heading to serbia losing appeal to play in australian open, a loss for australia, tennis fans, cheryl. cheryl: yeah, dagen his lawyers argued he should be able to defend his title and stay in country with med capital exemption he was revoked again not allowed in australia for three years more bad news looks like french open officials are going to require all players be vaccinated how are they going to handle that kicking off with that in melbourne -- former australian open men's champion competing whenever start of the day see how that plays out. >> back here at home, new york city mayor eric adams is?
ing subways are safe only quote a perception of fear after a homeless man facing murder for pushing innocent woman in front of on coming train simon marshall showed no, no emotion as -- shoved 3-year-old on to traction conversed -- after, senior manager consulting firm deloitte she volunteered as advocate for homeless, man charged with her death. walmart, are metaverse to cryptocurrency collection of nfts several trademarks to sell virtual goods -- companies have begun to sell virtual goods, walmart into crypto, there you go. spider-man dethroned kings of objection boss of, coming in second place for installment,
reboot raking in 30.6 million over weekend expected 5 million to end holiday weekend, rounding out top three, courtney cox dave arquette all back in it 25 years later. dagen: we are hearing new york city broadway having a horrible time i think there is a -- roughly nine shows that closed down, some temporarily because they can't fill the seats. nobody wants to go to theatre. >> consumer prices jumping 7% in december from a year ago or next guest assess high prices to persist next couple years rather than transitory joining me former imx chief economist harvard university economics professor kenneth, it becomes entrenched people they
experience high prices, they demand higher wages, and becomes this -- messy spiral. what say you? >> that is the danger, i mooen, thanks to federal reserve and other central banks we sort of counting on things like bank of japan no matter what that he do inflation doesn't seem to go up but not as entrenched here, are trailing prices, productivity but trailing prices, and going to be pressures on that, the service sector if economy comes back, going to take a lot of wage increases to bring people back. people are feeling pricing pressure. people, one year think they are confused the pandemic i think going to see this year, too, pretty much, very likely like pandemic really takes a turn for the worse, but a couple years in a row, i think you know that really is going to be difficult to push back on. dagen: jon hilsenrath from "the wall street journal" is
here, jon jump? jon: i got a couple questions for you one relates to fed nation as you were just talking about. , as you know, as well as anyone the fed is 2%, conflation target i believe they think that target seriously going to get inflation back to that the question is what are they going to have to do to get inflation back to the 2% target? and what are consequences of that for the economy the first question other one how does china play into all this? even before covid a lot of companies were rethinking their supply chains rethinking how much they wanted to depend on chinese manufacturing then covid caused all kinds of additional disruptions, how much of the supply chain bottlenecks that we're hearing about right now, are part of some bigger shift out of china refiguring supply might stay
with us. >> start with fed first ken. >> so, i agree they take the 2% target seriously. they also take our -- seriously the question is how much are they going to have to step on brakes to slow down. >> i believe three-quarters maybe increase they haven't tried to raise interest rates to stop inflation really for almost 30 years now. since early 90s, since then every other time they raised interest rates really been more about -- not clear how it is going to work, they didn't no one quite knew why inflation fell so much nobody quite understands dynamics a lot of uncertainty there my guess is they have to raise interest rates, eventually more than that, they are going to raise interest rates three-quarters of a percent there may be a big impact from stock market maybe not but i am not sure that will be
enough. on your question, on china, there is a lot going on there, are i don't think we can move away from china, take a long time. that is a long term supply problem, if covid zero continues to cause some problems, also adds their real estate, other things they are dealing with, you know we could see de-- we could see pressures from china when are you know resession, in china but push off prices everywhere else we could get worst of both worlds where demand pressure in u.s. would still a lot of pent-up demand relatively monetary policy supply-side pressures coming from china, both pushing up inflation. dagen: ken great to see you, as always. thank you so much for being here. to your point, on the federal reserve, they haven't raised interest rates just to repeat
to fight inflation, for about 30 years. i started in financial journalism journalism,february rate hike greenspan did caused orange county debacle bankruptcy there several huge funds to blow up since then we haven't really seen that kind of -- that approach to inflation, so -- and you've got unprecedented response from the fed to covid, and a nearly nine trillion-dollar balance sheet. >> you are running down -- dagen, so it is not raise interest rates to fight inflation public and private, data high stock market high housing prices high economy weak it takes a lot of stomach they're certainly thought going to overshoot now raising
interest rates they are going to be cautious that is why i think we still have inflation in 2023. dagen: thank you so much always a pleasure, coming up tom brady made a big dream come true at the heartwarming football moment making a big buzz this morning you are watching "mornings with maria" live on fox business. ♪♪ ♪♪ ♪ limu emu and doug.♪ and it's easy to customize your insurance at libertymutual.com so you only pay for what you need. isn't that right limu? limu? limu? sorry, one sec. doug blows several different whistles. doug blows several different whistles. [a vulture squawks.] there he is. only pay for what you need.
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mondo dagen: look out below president biden drooping in polls survey by cbs shows approval rating hating 44%, that looked high compared to other polls, 70% americans say they disapprove of this is handling of inflation 58% say not doing enough on economy, ryan i love james freeman's column, in the "the wall street journal," last week called "biden crosses quinnipiac" white house deputy chief of staff complaining
about quinnipiac poll the methodology essentially acknowledging under poll not as bad as quinnipiac 33 approval rating. >> hilarious. >> you have to do it for ipr remarkable i am going to double down on this, i think the economy is looking doing the best numbers i have seen because if you think about it we talked about inflation high last year, people, remember people have two trillion dollars more in pockets, since pandemic started look at this year gdp growth going up, unemployment numbers going to keep coming down plummeting people can move jobs easier than ever more jobs more aboundance. >> discretionary mys to be. dagen: makes people mad people get angry about, gas prices going up, but they see
inflation, anywhere and everywhere. in the grocery store when they fill up their tanks, just makes people angry, period. >> yeah. there is a visceral reaction to it i think you know when people see it happening, they start trying to figure out, who to blame for it. you know the one thing i would say, let me try to grab some of ryan's optimism the bureau in white house what you have to pray for u.s. follow some trajectory omicron woef in south of a kae omicron wave started south africa a surge of cases as now seeing in u.s., but cases have come down amid -- never really picked up there, and maybe now coming out on the other end things
aren't that bad. if u.s. follows that path men may be you know come june, we are in a better place in terms of the virus, some concerns about supply chains all that, starts to improve going into next year, if u.s. doesn't follow that path, then you know i think the biden administration, has a lot of problems, and is style causing their own problems. >> -- the messaging the communication whether border or afghanistan, the "build back better" that they were trying to pass. saying going to lower inflation -- >> wasn't just messaging it was a total misjudgment. >> messaging in the sense of like americans see this happening, and the president gets up there and says, americans can get to the airport, and in kabul our allies are with us, and al-qaeda gone from from afghanistan so my point is
that when americans can see just like inflation -- they can see, that when you stand up there and tell -- make things up, and don't tell the truth, that makes people mad too. and i mean the -- testing you got two trillion dollars earlier this year where is the tests? we can you want a test we expect federal government to have stepped up ordering monoclonal antibodies in testing, and more angry. >> that is rate omicron wave is really port if we get to june things looking better on the ground for the economy, for the health crisis maybe -- on messaging so much. dagen: here is my dad's plan, jon, omicron, just in general. it is about your symptoms, don't worry about tests why go
get a test might not pick up the virus until you are like shedding massive amounts, do you feel sick got a cold omicron symptoms stay home stay home five days then go out and get a test if you -- if you -- want symptom for people when compromisingisms you probably need booster once a year like flu shot. >> if your dad is watching i was through virginia a few weeks ago wanted to visit him he told me it was too out of the way if he is listening, the next time i am coming through western virginia you want to come visit bring you a bottle of bourbon. >> don't take daddy's bourbon he might drink too much and fall nobody there to get him up. >> take you to golden skillet, delicious. >> wow. >> waffle house. >> red i'll have, and patrick
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dagen: time for the big buzz of the morning buccaneers quarterback tom brady giving a young fan who survived brain cancer the surprise of a lifetime. >> i worked with both the bucc s and the nfl to get you and your family super bowl tickets this year in la. we certainly hope to be there but i know you're going to be there. dagen: that is 10-year-old noah reed with a priceless reaction to the news. brady and the buccaneers one step closer to joining noah and his family at the big game after defeating the eagles 31-15. the eagles barely put points on the board. ryan what do you think of this? >> mixed emotions. i'm a birds fan i'm from philadelphia. dagen: talk about the child getting super bowl tickets. [laughter] >> so it's hard for me to say this but man tom brady what can't that man do, he's unbelievable. i think that was a real class act even though he destroyed by birds on sunday. dagen: john what do you say? >> well as as a new yorker i'm
not inclined to like tom brady at all, but i got to agree with ryan on this. i mean, what he's doing as a football player is just astonishing and it turns out, he looks like he's a pretty good guy too. you know, a cynic would say how he's just marketing but come on. what he's doing right now as a person with situations like this is just really cool. i'm rooting for him. i've gotta say it, i'm rooting for him. dagen: one of your colleagues lost a child. their daughter, it's rachel en sign for "the wall street journal" and she's married to andrew kazinski at cnn, and they lost their daughter beans to brain cancer and they're raised into the millions for childhood brain cancer research, and it's completely traumatic, horrific
disease particularly for infants and the very little research money has gone to investigate treatments and so i encourage everybody to read up and give money if they can to research, because beans is in all of our hearts because of rachel and andrew. john john had and ryan payne, "varney" came in dressed like an englishman today i saw him. stuart: you said it, i saw you at 4:00 this morning and that's what you said you look like an englishman, thank you very much indeed, dagen, i am an american, good morning, everyone the markets in america are closed formatter in luther king day but after a dismal week for the president, politics takes center stage again. the democrats are engaged in a civil war. democrat congressman jamal bowman calls senator sinema a trader, and maxine