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tv   Maria Bartiromos Wall Street  FOX Business  April 29, 2022 7:00pm-7:30pm EDT

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statement. elizabeth: menu did the job you knew the whereabouts, no? you knew what was going on? >> particular called kst is known or suspected terrorist you know exactly were those individuals are, who has them detained and removing them as well. elizabeth: chat things so much for joining us. have a good week a strip -- have a good weekend join us again monday night. ♪ from the fox studios in new york city this is maria bartiromo wall street. >> happy weekend to all but welcome to the program analyzes the week that was in helps position you for the week ahead. i am maria bartiromo. one of the biggest stories of the week, the fallout from elon musk to acquire twitter now senate democrats reportedly considering hauling musk into testify about his plans for the company. while conservatives have sadly discovered thousands of new followers on twitter.
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what is up with that? is here to help us sort it out. plus a surprise decline in first-quarter economic growth. we are looking at a contraction in the first quarter. fueling fears of recession. amassing bank of american chair and ceo and david if they are sounding the alarm as well. the biden administration still pushing for a nuclear deal with iran, despite confirming a real and ongoing threat from iran's revolutionary guard against past and present officials. including former separatist state mike pompeo the secretary will be joining us coming up. but first senate democrats are desperate to get elon musk on the hot seat after's buyout of twitter. ed markey said they have to understand the censorship or lack there of content moderation or not that's going to be the policy for the new owner. senator richard blumenthal said there's imperative to ask musk
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to testify on his plans of twitter address lawmaker concerns on me right now biotech entrepreneur and the author of nation of victims is here, great to see her, thanks very much. what a shocker, okay mr. twitter going to be acquired by elon musk maybe the democrats public relations firm goes away and so now they want to call him in front of congress, your reaction? >> i think elon musk first principle is he will not take orders from the party in power. that is one the prompt of the social media companies of the last couple of years, maria. they said they're acting as private companies the government says have nothing to do with it. but in reality the party in power has use a combination of threats including in these congressional hearings inducements in section 2:30 and now jep jen psaki will tell you they are coordinating together to take them hate speech and misinformation that the
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government and party in power does not like. elon musk first message should be the fact that actually is not going to carry out state action he's going to implement a vision first free speech on the platform predicament that rose simple syngas illegal content can come down previous pornography and commercially profit spam does not belong on twitter but one principal is there is no viewpoint based discrimination bred by the way up there certain users who do not want to see unpleasant or offensive hate speech, great give the power back to the user to decide what they can and cannot see rather than having one man or one company make that decision century that is what i believe. maria: vivek do they think were stupid the hunter biden laptop massive influence peddling the origins of covid-19 we cannot in get into china to find out how
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this thing started and joe biden is fine with that. i'm at the russia collusion trumpet light all censored and now we see now in the last couple of days all of these conservatives and independents that are saying they have more followers than they thought. me too i had 90 or 58000 followers before the announcement now suddenly i have 990,000 i have gained a followers all these others have said how many they have gained it. what is going on? >> is an innocent explosion of the what's really going on for the innocent explanation of so much energy in the news cycle musk taking over many conservative flopped back to twitter from an evidence to support that it was the fact that truth social mitt top sort of twitter made it to number two even though both routes are the top 30 before that shows there's some enthusiasm for the new free-speech schools are coming to social media coming to
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twitter. however, maria think that's a part of the story that would not in my opinion explain the drastic changes we've seen in the matter of days this is the equivalent of people burning papers and burning documents and taking documents to the shredder before there is a new inspector that walks in the door. and unfortunately, most people on the paper shredding business to end up not being very good at i think they're going to leave a lot of trails for elon musk and the new ownership to see. >> unbelievable meanwhile got the homeland security secretary mayorkas announcing the government is creating a disinformation governance board they claim they want to fight online disinformation and yet the person it is somebody who spread misinformation about hunter biden's laptop and believe the steele dossier was something that was true but we know that it was garbage. how are we supposed to believe they are trying to get rid of
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disinformation in fact they have been spreading disinformation for this seems like a page of a communist china party playbook. >> it seems to me like a page of george orwell 1984, maria i remember i read that book 20 years ago when i was in high school and i did not imagine living in the country, the united states of america that would have its own version of the ministry of truth that george orwell wrote about. get here we are that's literally reality in modern-day america. you layer on top of that the incompetence of the bite administration or if you are going to have a ministry of disinformation you might think about appointing someone other than a person who has a track record of continually suppressing actual facts as disinformation but yet they could not even managed to do that for the end a person in charge whose entire track record of the past couple of years russ on dismissing actual facts as misinformation. that is the person on behalf of the government is going to be adjudicating what counts as an eligible fact for the government
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to hear about and what the public cannot hear about. it is modern-day america, here we are. maria: it's very disturbing look at the lies coming out the board is close, no it's not, inflation is transitory, no it's not right thank you so much vivek ramaswamy. thank you so much. trent's barking big recession fears now i'll be chairman ceo of bank of america along. plus white house is pushing for nuclear deal, even though iran is confirming ongoing threats past and present u.s. officials including former search eye of state michael pompeo party will join us coming up. that's important to you. this is what it's like to have a dedicated fidelity advisor looking at your full financial picture.
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maria: welcome back. putting on the brakes. a surprise contraction in the economy for the first quarter fueling more warnings of an
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imminent recession. i spoke of the chairman of the bank of america foxbusiness exclusive. here is what brian moynihan said before the gdp number came out. micro. >> labor shortage is strong there's a lot of damage going on. cynical obviously businesses are still struggling to get things a cell. carts and just struggling that means there's pent-up demand cultural length of the cycle. we are fairly optimistic we believe growth in the next couple of years of the company and supports that. maria: didn't go see a recession or not? >> i don't think so pretty think about the cycle of the logs recovery cycle leading into the pandemic for the pandemic change everything ahead of recession. the reality is if you really step back and said the federal government, congress demonstration push so much money they put it back over the recession. so potentially we are stillness long recovery cycle from the financial crisis ago interrupted by this moment in time.
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another question is what is the risk in the growth and things like that is where the next round comes in his food issue europe growth issues china issues and things returned by the shutdown that could all impact the ability for the u.s. to keep going. but the u.s. is the place to be right now. asked that we have the first quarter decline, is her still room for optimism joy to me are lb bronson group founder and managing part is author of the book there is no free lunch. david is here. great to see you. now the federal reserve is at-bat bird this coming week will likely see another interest rate hike of the fed promising to raise rates by half a point. what does this gdp contraction differ the fed i was going to be raising weights in the upcoming weeks? assess the situation for us. >> i don't think the fed can use this as an excuse to become more dovish their hawkish passes for
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much set. the race 50 basis points are trumpet more rate hikes in the future. i do not believe they're going to all the way to where the market thanks i think the fed will capitulate. the exact place and not totally sure. the fact of the matter is, maria, this is very interesting. the gdp numbers are contracted for q1 did so on a technical anomaly. the consumption number was better than the people expected. nobodies talk about what i care about which is the business investment number. that is long-term implications. we are not helping the supply side of the economy with incentives to business investment. maria: that's a great point we had a major supply chain problems best logjams. companies connect the products they need to sell. but even bryant was positive on consumption he said consumers are spending money. that have shifted their spending from goods and buying stuff to
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spending on travel and services. what do you want to own this environment where you have got this mix story on spending and consumerism but clearly worried about the macro story potentially going into recession. >> is exactly right. so from an investor's standpoint you want to be long energy. the exports the u.s. is doing is not sharp the data for that's going to boost in the next quarter. god it is finally happening. we wish it have to happen because of a ukraine were a necessity. nevertheless we are exporting more oil and gas but it needs to be higher but you want to own consumer goods and healthcare they are the least impacted by recessionary concerns for their the least cyclical people self the biomedicine and they have to still buy diapers and household cleaning products. so we really like consumer staples and healthcare. but i don't think you want a lot
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of high prices cyclicality in your portfolio. the expensive tech things have gotten cheaper but they haven't gotten cheap. i want to the tech bubble burst with you leading the way back in the day. i do recall value did very well. grothe blew up and i think that's the environment we are in now. maria: was thought this week with amazon and blowing up slowest revenue growth since the.com bust back in 2001. apple say they're not immensely supply-chain problem. david come off and tested points is always good to see you sir thank you so much for waiting in here, joining us on the economy and investing. meanwhile the white also pushing to salvage the iran nuclear deal even when there is confirmation of the u.s. officials are being targeted by that revolutionary guards but among them michael pompeo who will join us, next.
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maria: welcome back. antony blinken said he still believes a deal with iran, a new nuclear deal is the best path forward. talks have reached a standstill over the u.s. labeling of iran islamic revolutionary guard a forward terror organization routes also confirmed from secretary blinken this week that there is an ongoing threat from iran's revolutionary guard on past and present u.s. officials including former secretary of state mike pompeo. >> now the ir gc is actively trying to murder additional americans. including former trump administration officials. we know from public reports, that the state department spends
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$2 million every month protecting former officials including former secretary of state pompeo. and i am assuming you would agree attempting to murder a secretary of state or or a former secretary of state is a pretty damn big deal. >> i would certainly agree with that. yes. >> there were multiple public reports that we asked them to make the simple promise not to murder a former secretary of state and they refused. they did by demonstration still trying to break a deal if iran despite these threats. joining me a separate estate mike pompeo bright not to get into anything about your security but why is it this administration is continuing to push forward return to the united states with iran nuclear deal? >> mix absolutely no sense to be sitting at the table the russians and the chinese negotiating the iranians to put
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iran on a pathway to nuclear weapon, to give them will be tens of billions of dollars and then yesterday secretary blinken reviews even say he would show the full agreement to congress as he is required to do by law. this will put our friends and allies in jewish homeland of israel at risk of her goal state partners who are just furious at a re- engagement with iran for their firing missiles into their countries this takes our friends and allies and puts them in a really dangerous place it puts american off a lot of risk at wellborn we ought to return to the policies i had an president trump head which were to put real pressure on the regime to cease its engagement in terror activities all across the world. >> all you have to look at where we are right now in the world to understand the impact that you had, you're state department had in president trump's administration had on peace in the world. it seems that we are looking at chaos everywhere you look and now we are worried about the potential of a nuclear exchange,
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how worried are you about nuclear war as a vladimir putin seems to top the world every day. what should the u.s.'s response be? >> we just talk about iran's nuclear program were about to give them a bunch of money to build wind you have to filing the longest missiles he severed it fell from his missile arsenal with eight nuclear component to it as well written i have vladimir putin was hundreds of nuclear warheads threatened to use those in the technical way on the battlefield in ukraine. this is what happens when america fails to lead. when america fails to set out red lines and actually deliver against them to back up words with deeds. when we lose that when we lose the caps on level of deterrence, when the bad guys in the world the authoritarian dictators in the world no longer fear cannot but in our calculus in america response these are the kind of things not puts american america's economy an enormous amount of risk we should be making very clear to vladimir
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putin if you engage a nuclear activity or a lightning strike which is the language which he uses, here are the responses we will undertake. and here are the cost you will pay their won't meet meetings or will not be debates this is what were what do we have not made that very clear to him i pray we have done so even if privately that we have greenlighted vladimir putin he will see that his weakness is more likely these kinds of things taken by a much of the detriment of the ukraine europe and the united states. >> obviously does not appear they have made that language clear, secretary because he is still taunting us. the taunting alone should trigger the u.s. to say we are outspread no more negotiations on anything. in fact we are still widely purchase of oil on the global market from russia. the wall street journal is reporting china started to buy less russian oil there going to be buying it from iran, there's that partnership and now you've got germany saying it's now ready to stop buying gas from
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russia. but what you think about this? a clear path banning moscow on a watch and yet they're still there on the swift network making money on the scale of oil and gas. >> maria this was actually pretty easy we should put america first. we should put american energy first we should be moving heaven and earth to get american energy delivered to the europeans, to the polls how much the remains in the european country wants american natural gas or american crude oil or refined products that should be the model we should use. we should make clear to every nation the world that a few underwrite this aggressive war by vladimir putin, if you give a rubles or currency to vladimir putin you are underwriting the death of innocent ukrainians. you're just not going to let it happen. primary sanctions on each of these nations, secondary sanctions was short and forced the iranian sanctions we did to you talk about china buying iranian oil would never accomplish shut it off.
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but we are dang close to get that done we were that a couple hundred thousand barrels a day of heaven the chinese complete the shut off for my radiant oil and they did not get the proceeds from the sales. just the kind of paul to the put america's first. it also keeps us more safe and more secure in addition to being more prosperous here at home, maria. bss has become as dangerous as they are because one adversary sees the u.s. response as a week and thanks i might as well do whatever i want and create death and destruction were not going to get a response from the leader of the free world. >> maria there's the old line which says you are now free to move about the cabin. i think authoritarian leaders around the world see they are freer to move around the world to take on places like taiwan, to fire long-range missiles to launch missiles to fire missiles
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out of yemen into saudi arabia any day. i think authoritarians are no longer convinced america will do the right thing to defend and assist its partners in securing their own sovereignty. and i worried about cascading crises all across the world i pray this is not come to happen. maria: very troubling we appreciate your time and talk with us today but thick so should be here this weekend. good to see you bro. >> thank you maria. >> mike pompeo thank you sir. don't go anywhere more wall street right after this. a freedom, to live our lives the way we intended. through the ups. the downs. all of it. this is financial security. from long term care planning, to annuities and life insurance, lincoln helps you plan, protect, and retire. this is lincoln financial.
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spirit walk about a grade of the big show the works for next week and premix returned to wall street every friday at 7:00 p.m. eastern. as we look ahead to the week ahead. plus this weekend i'll see you on fox news for sunday morning futures on the fox news channel. 10:00 a.m. eastern got exclusive interviews with truth social seo former speaker of the house, newt gingrich and congressman
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james comer, arizona gubernatorial candidate kerri like senator ron johnson all on deck sunday, live it. plus start to meridian foxbusiness every weekday from 6:00 a.m. -- 9:00 a.m. eastern mornings with maria is here every morning weekday at light on foxbusiness for that will do it for us for now pray thank you so much for meeting with me, have a great rest of the weekend but i will see you next time. ♪ ♪ ♪ ♪ ♪ ♪ ♪. gerry: hello this week on the wall street journal at large, it is a musket melt that they tweet upper temper tantrum for the social meetup landform ducts and ban voices doesn't approve of falls into the hands the left is in the full panic by the prospect of yes and free speech rate with the economy now facing new headwinds democrats prospects in the midterm elections look ever more grim mobile joe biden and his p

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