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tv   Mornings With Maria Bartiromo  FOX Business  April 10, 2024 6:00am-7:00am EDT

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everyone. i hope you're having a good morning. i'm maria bartiromo and it is wednesday, april 10th. your top stories right now 6 a.m. on the east coast today. inflation news on deck futures indicating a higher opening this morning ahead of the closely watched march consumer price index out at 8:30 a.m. eastern. check it out. dow industrials right now up 20 points. the nasdaq and the s&p 500 negative going into the number. the report could dictate the fed's hand on rate cuts to come as the cpi is expected to come in around 3.4% annualized. well ahead of the fed's 2% target reaction. an expectations for the year ahead with grant's interest rate, observer founder jim grant here in the studio this morning, we'll get his take on the economy and whether he still believes no rate cuts are coming. this year. european markets this morning are higher. take a look at the eurozone here. with gains across the board. the ftse 100 up 45. the dax index up better than 110. right now we are watching euro markets in asia. overnight markets finished mostly lower. as you can see, with the exception of hong kong
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hang seng up a fraction. biden, meanwhile, meeting with the leaders of japan and the philippines at the white house today, there will be a state dinner for the prime minister of japan tonight at the white house. they're discussing ongoing threats from communist china back in washington, house speaker mike johnson was supposed to send alejandro mayorkas articles of impeachment over to the senate today, but he is delaying that at the behest of gop senators. so chuck schumer will not table the trial before the weekend. we're getting into it this morning. joining the conversation all morning long this morning. bulls eye american ingenuity fund manager adam johnson from a new york congressman, lee zeldin, and recovering investment banker carol roth. all right here. mornings with maria is live right now. all right. all i'm not feeling too good myself. all this has to do. oh, i'm not feeling that good myself. oh
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it's time for the hot topic of the hour. president biden sits down for a taped interview with spanish language broadcaster univision, which aired last night. the president addressed how he views the latino community different from the former president trump watch. i think everything in the state, first of all, it's how they're viewed by the president of the united states who let's look at the way trump talks about latinos. he talks about them as mexicans, rapists and criminals and murderers. he talks about how i mean, it's just, look, there's not a fundamental difference in the value set between irish catholic neighbors. i grew up with latinos. it's about faith. it's about family. it's about togetherness. it's about having each other's back. and he doesn't share any of those notions, a new axios ipsos poll finds biden's advantage among latinos is dropping from 53% after his first year in office
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to now 41. president trump is gaining support in the latino community. lee zeldin, your reaction? it is true that you have this shifting demographic arc right now. not all hispanic voters are the same. a cuban and dominican voter is different than a puerto rican voter who's different than the mexican voter. i think that conservatives need to understand that there's a population out there that's spanish speaking. others that are non-spanish speaking. but across the board you have people who are concerned about the economy, crime. they want to secure a border, they care about equality of education for their kids. so if you're a presidential candidate, whether you're the incumbent president biden or or the challenger in 2024 and president trump, i would go past this top level, 30,000 foot rhetoric, stop being so hyperbolic and trying to get those those jabs like you hear president biden in that segment and just get into the weeds on what you're going to do to fix the problems that
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for these voters, transcend blind partizan loyalty. yeah, because we all want the same things, no matter what group you're talking about. but the biden administration likes to divide and conquer and try to target one group and put them against other groups. carol no word in any of this interview of when doctor jill biden called the latino community tacos. yeah, no, it's awful. and i hate the rhetoric because , as lee said, you know, it doesn't matter. your race, your color or creed. there's one color that matters to everyone and that is green maria, the green that people do not have in their pockets when they go to their bank accounts. they're not seeing the green and they're lives specifically economically, but in many different ways are much worse off now under president biden. so you can try and divide people with rhetoric. but at the end of the day, you can't gaslight them about what's happening in their lives and with their financial situation. it seems to me like latinos, like every other group in this country who are in america, want to see the rule of law and when we talk about different
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communities, what i think president trump zeroes in on is the wide open border. and how we are seeing an impact from this wide open border, because we don't know half the people coming in. it's not necessarily that they're latino or anything else chinese. it's about the unknown of not knowing who they are right here, where we are, there are employees heading to a bodega concerned about attacks, assaults taking place at the bodega, theft, the impact on prices because of it, the impact on jobs because of it. and when you have an attack, like what we saw a couple of years ago with jose alba, and they see one of their own, a member of the dominican dominican population, get thrown into rikers island all of a sudden. now they're familiar with who the manhattan da is and alvin bragg. now they know what cashless bail is, and they start getting more familiar with these policies. and you can't insult the intelligence of these passionate voters who who are educated. the other thing about their, you know, maybe their son or daughter, they're trapped in a poor performing
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public school, in a place like where we're at. and they see that a half mile away is a good performing charter school with higher tenants rates and graduation rates and literacy rates, and their kids are going to college. they want they want to know why can't their kids go there? yeah. and they see politicians not being willing to lift the cap on charter schools to give more access. that is what they're voting on, the actual issues impacting their lives, not to mention the fact that so many people, whether latino or any other group, have done the migration, the legal way, and they don't like the idea that all of these people, tens of thousands of people are cutting the line and getting in before them. well, you you bring up a very interesting and valid point, and that is the hard work component of latin culture. in other words, mr. biden made the comment, well, you know, faith and family, they, they we identify with that as catholics. well, you forgot it's faith, family and hard work. and by the way, coming in across the border without having to work for it, that actually it goes against the way we operate. i think it goes
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against latin culture. it's inconsistent. and i think therein lies the biggest problem, that mr. biden just lumps all these people together and admittedly, i think insults them. i need to say that latin voters are all the same to your point, right now, a dominican voter is going to vote differently from a bolivian voter. from a mexican voter. i mean, are all asians the same? so we just lump chinese and japanese and koreans together? no, they're all americans the same. of course not. a pew research survey finds republicans are closing the party affiliation gap, with the country evenly split among party lines. 49% of registered voters identify as democrats or leaning toward the party, 48% side with republicans. it's the same survey finds democrats losing support with black and hispanic voters. so why are they specifically losing support? is it the actual democrat policies at home, one would have to conclude that it is. why would you leave a party? i mean, party affiliation is so strong. i'm a republican. it would never occur to me in a million years to vote democrat. party
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affiliation is incredibly strong. it's identity. so to leave, you have to really be unhappy. yeah, well, we are just getting started this morning. coming up, the latest read on inflation. we've got that here. we're looking ahead to the consumer price index this morning out at 8:30 a.m. eastern. the fitzgerald group principal keith fitzgerald. up next with a preview how it's affecting the bond market and interest rates. what about commodities on the rise as well? then the latest string of cargo ships losing power and propulsion may not be as uncommon as you think it is. making it buzz this morning we're going to take you to the verrazano bridge. you're watching mornings with maria live on fox business. stay with us. tell me why ain't nothing but a party. tell me why. ain't nothing but a mistake. tell me why i never wanna hear you say
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bound to find exactly what she wants. this one's just right. is she leaving? yes. what's happening? it is happening. welcome back. take a look at futures this morning. mixed story going into the big cpi number. dow industrials right now up 41. the nasdaq is lower. it's down two and a half. and the s&p higher by just a point. fractional moves here we are looking at interest rates. meanwhile hovering around 4.3% on the ten year. take a look unchanged at 4.36% on the ten year yield. now the march consumer price index is out in two hours time 8:30 a.m. eastern. the expectation is called for prices to be up 3/10 of a percent month to month, and 3.4% year over year. that's well ahead of the federal reserve's 2% target, of course. joining me right now is the fitzgerald group principal keith fitzgerald. keith, good to see you. a lot of people waiting on this number after those hot readings that we saw in january and february. what are your expectations? well, i think you know and good morning. i think it's going to be a lot hotter and stickier
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than people realize or are prepared to recognize. frankly, we've we've been there, done that, even got the t shirt maria got the t shirt to prove it. carol roth, jump in here. what are you going to be zeroing in today on this number? how important is it from your standpoint? so i have a very contrarian take, which is that the number sort of doesn't matter because i think the fed is between a rock and a hard place. and i know keith and i are obviously aligned on a lot of things and have been for a long time. but you have to look at where the trajectory of spending deficits, interest is going and at some point inflation is going to peak. whether or continue to go up, whether or not the fed cuts and i think that the fiscal dominance, whether we're in it or we're heading there, is making it impossible for monetary policy to do what it is that the fed wants to do. i don't know if keith agrees with that or not. keith i do. i think the fed does not have a
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race and labor problem like it thinks. the fed has a fiscal problem. until the government spends responsibly, they may as well be taking blood out of their left arm and putting it in their right. oh, god. well, you say the magnificent seven stocks will have strong earnings releases. here we are at the beginning of the first quarter earnings season. keith, how does this play out. well again here is this is the interesting people constantly hunt for strong stocks. look for pockets of the economy that are going well. well if you line up with the great big themes that are moving our world, i think those are still going to be the stocks you want to pay attention to. i think the numbers are going to get a little rougher. people are going to begin to focus on operations. but don't forget the investment and forward looking guidance, i think is going to be a lot stronger than a lot of people think. so i'm looking for good numbers here. well, adam, we've started the earnings season. we'll start on friday with the major banks. that's where the focus turns in the coming weeks. what do you think about it? well the banks set the tone because, you know money is what makes the world go round. and if the banks are making money and doing well, that bodes well for the rest of
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the economy. and certainly earnings as a whole. if you look at consensus estimates right now, it would suggest that earnings are going to be up only about 3% year over year for the quarter. that's going to be reported starting friday. well, actually, if you look at the past two quarters, not only have earnings come in at the estimates, but they've actually beaten by 7. so if you add 7% to the 3.2, right, it gets you to about 2% growth, which i think is a theme that we are going to see more of that earnings are going to be better than expected, that we have double digit earnings growth as we get into the middle of the year. and i think that argues for earnings for the s&p 500 getting up to 250 bucks. you put a 20 multiple on that. you get to about where we are. so i think actually the market is reasonably priced for what's happening with earnings reasonably priced going into the earnings season. you agree with that keith i do absolutely i think adam spot on. he makes all the right connections. i share that perspective. so it's great to have nice company. thank you sir. talking about boeing in particular, a whistleblower claims that boeing took shortcuts during production on the 787
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dreamliner. the company says the clean the claim is inaccurate and is confident that the safety is there for its planes. departing ceo dave calhoun is set to testify on april 17th to examine the plane maker's safety culture. the stock obviously has taken a huge hit in the middle of all of these accidents. your thoughts on boeing right now? keith? i think we're looking at the end of boeing as we know it. i see the price is dropping into the 150 range. if they don't get a handle on this anecdotally, we're hearing that, you know, here in the local market, which is obviously boeing is just down the road here. we're hearing people won't want to hire boeing maintenance tech. we're hearing people getting challenged because they've worked at boeing. we're hearing anecdotally every time i fly out of paine field or seattle, i see lots of boeing aircraft on the runway, on the tarmac that are not being delivered. so public confidence is getting rattled here. i think they've got a monster opening in china that is looking at it very carefully in the global transportation market. so do you want to own stocks going into all of this? i mean, look, the market is expecting still
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three rate cuts keith. it may not materialize a lot of debate on that. we're going to talk coming up with jim grant who said the fed may be, you know, moving its inflation target before it's actually partaking in in three rate cuts. so what do you want to do going into the earnings season and the potential rate cut to come in june or july, if in fact we do get there keith. because if we don't get three cuts, won't that be a big disappointment for the market sparking a sell off? well, number one, that's a very sharp question. number two, i think that what we want to do is you want to do two things. one, you want to be quality names only. so big name companies you want to own regardless of the turbulence. two, you want to look for those pullbacks and opportunities where you can line up with the big themes. so if you're playing with the peloton in the world, forget it. if you're looking at the apples and the microsofts of the world, those are the stocks you want to continue to evaluate. if you get a nice pullback, maybe buy some more. add to things that pay dividends as fuel, dinosaur juice. those are all things that are going to be with us
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for a long time. all right keith, great to see you this morning. thanks very much keith fitzgerald joining us. we will have that cpi number in two hours time. quick break. house speaker mike johnson convinced to hold off on sending alejandro mayorkas impeachment articles to the senate texas congressman august pfluger is here with his position on the border state of texas. stay with us. whatever it takes, cause i love the adrenaline in my veins. i do whatever it takes. cause i love how it feels when i break the chain. whatever it takes. you take me to the top. i'm ready for energy prices under president biden. how it started versus how it's going and the real cost it's having on american families. stewart breaks it all down today on varney.
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.com, also available at these fine retailers is. welcome back house speaker mike johnson delaying the senate impeachment trial of department of homeland security secretary alejandro mayorkas until next week. the decision, coming after a group of at least ten senate republicans urged the speaker to delay delivering the articles of impeachment to the senate to allow more debate and prevent senate majority leader chuck schumer from tabling the trial completely ahead of the weekend and then sending senators home. kansas senator roger marshall says if schumer does not let this trial happen, republicans will respond. watch tabling this impeachment
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articles is a nuclear option in our estimation. this is a nuclear option, and it will necessitate some type of nuclear retaliation. joining me right now is texas congressman august pfluger, a member of the house homeland security committee and one of the house mayorkas, impeachment managers, congressman, good to see you. thanks very much for being here this morning. what do you think roger marshall was referring to? what is the retaliation if schumer tables it? well, you know, i'm not sure exactly what the senate retaliation will be, but i know this is the right call to delay it because chuck schumer wants this gone today. so does the president. they know that this issue is a losing issue for him. they know that most americans know that the border is a complete tragedy and a disaster. and to not even be able to hear the facts presented to the senate like should be, is just completely disrespectful of our system of government. so i'm glad that we've delayed it.
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we've been urging for the same thing. there needs to be a maximum pressure campaign applied to people like jon tester, sherrod brown, others who really need to take the courage to say, let's hear the facts. the american public deserves some transparency that has not happened yet, and i'm glad that we are delaying for another week to continue to get those facts out into the public. but but why would it be any different in a week as far as chuck schumer is concerned? i mean, maybe he doesn't table it this week, so he tables it next week. well, i think you're right. but i think time is on our side to do everything we can to at least show the american public the facts, the fact that we have 8.5 million people illegally here, 300 plus on the terror watch list, 100,000 deaths due to fentanyl. i mean, the list goes on and on. we've talked about it so many times over the last couple of years, but but now is the time that the american public deserves to understand that the senate, under chuck schumer's leadership, is just going to table this, that they don't even have the respect for the system to hear it. and i think
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that's why you hear people like roger marshall and others that are saying that's unacceptable and they're going to retaliate. we'll see how that actually happens and what their tactics are. so you don't know what the retaliation would be if, in fact, chuck schumer tables it because i don't know what another week gets you is really my point. we all know that there are 10 million people here illegally on joe biden's watch. we all know that many of them are in the terrorist watch list. we all know that the fentanyl is flowing, killing american citizens. we all know that women are getting raped on their way here, and that the drug cartels are bringing home billions of dollars on this whole thing, and they're the ones deciding who comes into the border. you really think another week is going to convince the american people that this guy has to go? well, you know, you're right. we do know that. and that's why we brought these charges. that's why we pushed so hard, because we know that mayorkas is complicit, that he's willfully refused, systemically refused to follow the law, that they have gone around the law in every single case. just another example of the overreach. so, you know, maybe it doesn't move the needle to let chuck schumer
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show the american public. but i think it shows the american public just how corrupt this group is, that they won't even have a transparent hearing inside the senate. well, in the meantime, everyone's watching the fighting underway within republicans. georgia congresswoman marjorie taylor greene slamming speaker johnson again for delaying the mayorkas trial, claiming that he's giving in to chuck schumer and the democrats again. greene also sending a letter to all house republicans explaining why she filed a motion to vacate the speaker. greene is accusing johnson of failing to deliver on the promises that he ran on surrendering the democrats to the democrats agenda. she's even blaming him for not doing more to prevent some retiring gop members from leaving congress earlier and we know who she's referring to. i mean, that would be mike gallagher. i don't know why mike gallagher is doing this to you, but mike gallagher, today is the day he should have left office to trigger a special election to fill his seat. he's deciding to stay another ten
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days, basically screwing you all over. i mean, come on now, you'll have a one vote majority instead of a two vote majority, because mike gallagher decided to leave, after the fact so that you can't even have a special election. so that district in wisconsin will have no representation until november. why is he doing that? because of marjorie taylor greene and the others who took down kevin mccarthy. well, we're certainly in a challenging position. we all know that. i think there's a lot of frustration through the american public. i mean, we're frustrated with the border. we're frustrated with the economy. we're frustrated with the overreach. there is a ton of frustration on. and i think it's i think the frustration is valid. now. how do we deal with that? what's our strategy going forward? how do we come together? obviously we've had our challenges coming together, maria, let me point you back to a bill that i had on the floor just about a month ago that pushed back on biden's lng export ban. every single republican voted for that. we actually had nine democrats, but i think every single
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republican voting for it was a sign that we can come together. so now is not the time to have a vacation of the speakership. now is not the time for us to divide. and there are plenty of things that we can argue about, but it's time for us to come together. i know the border issue is one where we can come together. i know that there are other issues, like energy and things that are really affecting our national security. so there are many of us who are pushing for us to get back together, to fight back against the democrats who are trying to ruin this country every single day. yeah. i mean, congressman, i think what you're saying most people agree with in terms of the impact on their own lives from these policies out of this white house, but it's really amazing to me that you all have been unable to move the needle on securing the border. it's a tragedy. it really is. we want to see an aggressive approach. we want to see, you know, one of the recommendations that we've made is we should have a bill every single week on the house floor related to the border. you take lake and
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riley, you take the issues that we've seen time and time again in my district, where there was a ten year old boy killed by a drunk driver from an illegal alien who had been deported five times. those are horrible. we need to be putting a bill related to the border every single week on the house floor to remind americans just how tragic this white house has treated our security right here at home. yeah. so are you going to do it? well that's exactly the urging that people like me and others are pushing for. and, you know, i have to give mike johnson some credit. he has put some bills on the floor where we need more. right. congressman, it's great to see you. we'll be watching your work particularly that lng, pushback. we so appreciate your time. that's your district. the greatest capacity for this country's production of oil and gas right there in your backyard. good to see you august pfluger joining us maria in dc quick break. and then president biden holding a white house summit with the leaders of japan and the philippines today on the threat of none other than communist china. retired army brigadier general
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anthony tata is here with reaction to the threat posed by beijing and xi jinping. then apple heads for brighter pastures with its new expansion project. we'll tell you all about it when we come back. stay with us. i i just want to be your everything. open up the heaven in your heart and let me be the things you are to me. and not some puppet on a string . this week on mornings with maria. tomorrow, new york taxpayers footing the bill for much of biden's border crisis. congresswoman nicole malliotakis is here. and friday, the power hour is back. kellyanne conway and guy benson go head to head on the day's biggest issues. it's all right here on mornings with maria.
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sewn using double needle lock stitching. all of our flags materials are sourced in america and they are made by american seamstresses. so we are american, made from beginning to end. shop now at show allegiance. com welcome back delta airlines hitting the tape with earnings lauren simonetti with the numbers now lauren travel demand strong maria and it continues earnings $0.45 a share. that was better than expected. traffic rising 9% in the quarter. and delta is seeing strong demand in this current quarter. you can see the stock up 3.7. this is the best performing airline stock this year, even though slight miss for revenue. it came in at $12.56 billion in the quarter. but wow what a reaction right here in the premarket. some other headlines we were watching this morning. the arizona supreme court upholding a 160 year ban on nearly all abortions in the state. the law will make performing or assisting a pregnant woman get an abortion a felony,
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punishable by up to five years in prison. this ruling causing a massive divide within the republican party. but it remains unclear whether the state ban will be in forced. arizona attorney general chris mayes says women and doctors will not be prosecuted, while she holds office. president trump will be in atlanta, georgia, today for another fundraiser this time with local business leaders and supporters. a ticket to attend costing upwards of $6,600 and $25,000 for a photo op with the president. it's trump's second visit to georgia, a swing state in recent weeks. president trump holding, of course, that record breaking fundraiser over the weekend bringing in over $50 million in one go tickets for that palm beach florida event went for as much as $814,000. apple looking to expand in florida. it is reportedly eyeing a new 45,000 square foot office in coral
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gables that's just south of miami. it's also expected to open a new store at the $4 billion world center development. also in the city. amazon and microsoft have also expanded in florida recently. we're speaking of apple in florida right now reportedly going there maria. but apple india for $18 billion in revenue in india last year, meaning about 1 in 7 apple devices are coming from india as they diversify their supply chain away from china. i like to hear this story, lauren, because it tells you that at least some companies are making a real effort to find alternatives to the supply chain in china. it's going to be slow, but it's happening and the momentum is there, and it seems like india is the obvious choice. yeah, yeah. lauren. thank you. sure. all right. meanwhile, president biden is hosting japan's prime minister for an official state visit today. the two leaders expected to meet in the oval office later this morning before the state dinner tonight. it all comes ahead of the first ever summit between the us, japan and the philippines that's
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happening tomorrow, where china is increasing aggression is going to be the focus. fbi director christopher wray warning once again that china is, quote, the defining threat of our generation. joining me right now is a retired us army brigadier general and the author of the phalanx code, anthony tata. general, always a pleasure. thanks very much for being here. what do you want to hear from the leaders of japan, the leader of the philippines, in terms of how they reacting and what they can do to push off the aggression of communist china? yeah, i think it's a great segue from the lead and with the report there about the supply chains, prime minister kishida and president marcos both need to be talking about how they're beefing up their own defenses. and, you know, japan is somewhat limited in that regard, but they have great assistance from the united states. and we signed a few years ago the enhanced defense cooperation agreement with the republic of the philippines for access to four
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bases as you as you know, clark and, subic bay were shut down many years ago getting getting that island chain operational again to be able to counter chinese hegemony in that region is important. and so we need to hear their commitment to an allied defense against the chinese aggression. as you watch china, russia, north korea all flex their muscles in different directions, it really puts a strain on the united states that's having trouble recruiting right now. so the more that we can have these economic alliances and defense alliances and even the information warfare that comes along with this, sends a strong signal. yeah i mean, this week, the head of the us indo-pacific command said that he was very, very, very concerned about china's aggression toward philippine forces near disputed islands in the south china sea. they're watching what the chinese communist party is doing to intimidate taiwan and what they're doing in the south
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china sea, and basically saying, we could be next. yeah. that's right. and you know, everything is about the supply chain. you think about taiwan and taiwan semiconductor right there. you know, think about the disruption to global economies. if china were to make some kind of move on taiwan, even if it was a peaceful takeover, quote unquote, where they, they do a like a hong kong style, maneuver and all of a sudden they're just in charge. we wouldn't be able to trust a single chip coming out of, taipei, you know, from tsmc because, you know, you have no idea what the chinese would be putting on it. kind of like their drones. well, this is a very important point that you make. 90% of advanced semiconductor chips are made in taiwan. these these advanced semiconductor chips are used in the military and our advanced technology, obviously. so if the ccp goes into taiwan,
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whether it's a soft move like they did in hong kong or a hard move, whatever, they're going to be able to turn the world on and off. that's that's exactly right. remember, a couple of years ago, people ordering cars had to wait six months because, you know, there was a disruption in the supply chain on chips. and think about if china controlled, like you just said, 80 to 90% of the chip supply chain, it's a real single point of failure for, for not only the united states, but all, nations across the globe and, and the economic disaster that would follow. yeah, would be, i think, you know, un, foreseen. general, i want to move on. i want to ask you about this univision interview that the president did, but real quick, before we leave this subject, do you expect china to go into taiwan this year while joe biden is at the wheel, you know, honestly, i don't maria. i think they they right now are focused on their economy. okay. now, in this interview, president biden
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did with univision, he criticized israeli prime minister benjamin netanyahu and netanyahu's approach, the war and retaliating against hamas. watch this. i think what he's doing is a mistake. i'm calling for is for the israelis to just call for a cease fire, allow for the next six, eight weeks total access to all food and medicine going into the country . i've spoken with everyone from the saudis to the jordanians to the egyptians. they're prepared to move in. they're prepared to move this food in and i think there's no excuse to not provide for the medical and the and the and the and the food needs of those people, i want to get your take on this public scolding of israel and netanyahu by president biden, in the middle of, israel's fight for its life. literally. netanyahu
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doubled down on his vow to launch an invasion into rafah yesterday, saying, we will complete the elimination of hamas battalions, including in rafah. no force in the world will stop us. but general, there's got to be an impact of this public scolding that president biden is giving netanyahu time and time again every single day. and he says, i've spoken to everybody. i spoke to jordan, i spoke to this one. i spoke to that. has he spoken to hamas? has he gotten a promise from hamas that he's going to release the hostages while he publicly scolds netanyahu? do you know of that of that, maria, you didn't hear him mention the hostages. so it's really, quite breathtaking to listen to a us president knowing that we have us citizens being held hostage by a terrorist group, and there's been literally no real messaging, to, to retrieve those hostages, no military effort to retrieve the hostages that's been made public. and it's really a bad look to be
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scolding netanyahu for defending israel, our main ally in the middle east. so i think netanyahu's got it right, you know, accomplish the mission. and i think the president, biden and the administration needs to back off and let netanyahu do do his job. yeah, but they're not backing off. lee zeldin, jump in here. they're not backing off. they're publicly scolding netanyahu in the middle of the biggest fight of his life in the fight for israel. and there's no mention of the hostages released from biden. absolutely if israel woke up today and said that they were going to go along with a cease fire, they would be a one sided cease fire. hamas isn't waking up today. they're going to use it as an opportunity to regroup and be able to go back on offense. but look what he's doing to for the public opinion against israel. so president biden is doing this for domestic politics. you see, the uncommitted vote coming out of dearborn, michigan. this is about winning a campaign. that's why chuck schumer, who had pledged to be a lifelong friend of israel, has proven that really, it's a lifelong
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pledge to chuck schumer. and when the united states known to be the leader globally of this effort to strengthen alliances with israel, when you when the us leads the way, president biden is now leading, that ends up eroding support across the rest of the country. and a quick question if it's okay for a general to, you see a lot of rhetoric coming from the left using terms like genocide and proportionality, and if you could just speak from from your experience as to what israel is doing, whether it's, you know, roof knockers, leaflets, the warnings, the effort that they're taking, the painstaking effort that they're taking, please, just, you know, speak to that so that we understand and can sort through the rhetoric. sure yeah. hey, lee. great, chat with you, the. i've never seen a military go through so much effort to make sure that there's no collateral damage, no civilian casualties. and it is absolutely, what they
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do is absolutely 100% trying to minimize civilian casualties and putting their own troops in harm's way that they don't have to, you know, by by doing that. and, you know, as a combat commander and certainly you've been in combat. lee, you know what, what lengths we go through with our rules of engagement, i would say that that israel is even, more restrictive. and their application of combat power to make sure that they don't, you know, cause unnecessary damage. we haven't seen. we haven't seen a player as transparent as we've seen israel dropping leaflets saying, get out of the area. this is going to be a war zone imminently. meanwhile, i want to switch gears to ask you about the us navy releasing these images last week of the underwater wreckage at the site of the francis scott key bridge collapse in baltimore. they were taken using coda octopus
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group's underwater sonar imaging tool. coda octopus is a global leader in imaging sonar technology. diving technology. you're on the board of coda octopus, right? i am an independent director. yes, maria and the technology there. what do you want to say about that? in terms of the underwater technology, general? it's unparalleled, you know, i was secretary of transportation in north carolina. i had 12,500 bridges that we were constantly in the wake of the minneapolis, bridge, failure, constantly imaging and all of that. and i wish i had had this technology. codas, you know, it's patented real time. that's the big difference. 3d volumetric. so it's very different than sci scan or multibeam. you get the entire picture, that you're showing right there and in real time. and so you can even send divers down with augmented goggles, diver assisted visual display, that you can communicate with as they're doing this. and so that's great. it's, it's nasdaq
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trading company. it's a great, company that's really helping our, you know, it's all about supply chain, right? you know, we're trying to open baltimore harbor. we're trying to clean up this bridge. and, coda, octopus and team are on site doing a great job. thank you. general, we will talk more about investing in defense in these hostile times. when i speak with joe lonsdale coming up, general anthony tata. thank you. we'll be right back. so which leg are we operating on? asking the right question can greatly impact your future. are you sure you're an orthopedic? especially when it comes to your finances. are you a certified financial planner? i'm a cfp professional. cfp professionals are committed to acting in your best interest. that's why it's got to be a cfp financial planning 101. from managing your budget to investment strategies, get smart insight and analysis from experts and prepare for your future with helpful tips. financial planning 101 this week on fox business, sponsored by cfp professionals. ready for
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your local cvs and amazon have it do it. well welcome back a massive container ship losing power near a major new york bridge friday night. a lot of deja vu going on. fox business is madison alworth live from staten island, now near the verrazano bridge, with details madison. hey, maria. yes? friday evening a large cargo ship lost steering ability near the verrazano-narrows bridge, which is right behind me, but luckily tugboats were able to pull the boat to a stop, avoiding disaster. all of this happening less than two weeks after a cargo ship slammed tragically into the into the baltimore francis scott key bridge. now, friday night's incident involved an 89,000 ton vessel, that being the apl quingdao. it had a loss of propulsion, impacting its ability to steer and move. naval experts say that a loss
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of propulsion or power that happens, but usually not so close to busy bridges. i would not say normal, but it's not infrequent that ships lose power. most commonly it happens. you know, in the in the large oceans or in seas where there's not a whole lot of other traffic that's at risk, or land that can be damaged if the ship runs aground. now, a major difference between baltimore and new york is that the u.s. coast guard operates vessel traffic service vessels. think of it like air traffic control, but for busy ports, all ships are monitored and tugs can respond quickly, which is what happened friday night. only 12 ports in the u.s. have a service. new york is one of them. because these waters behind me are some of the busiest in our country. annually, over $300 billion travels in these waters and over 800,000 commercial vessels. friday night was a miss, luckily, and that's in part because of the tugboats
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and the system set up here in new york. maria. all right, madison, thanks very much. madison alworth reaction. carol, what do you think? one of the things that i think stands out to me is amongst all the other problems that we're talking about is individuals losing confidence in our infrastructure. we've seen it with the train derailments. we've seen it with airplanes. now we're seeing it with cargo ships. we're supposed to be the leading country in the world. we're supposed to be at the cutting edge of technology. we have all of these wonderful companies that are able to get things together. but when it comes to things that are, you know, fundamental, we're seeing everything fall apart around us. maria. it's really scary, actually. and when i saw that near miss, i thought, oh god, what is this? you know, having something to do with what we just saw in baltimore. it doesn't. yeah. thank god, as we just heard from madison, we're going to take a short break. when we come back, the sad state of affairs in new york city right now, mayor eric adams is stopping short of saying illegal migrants who
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commit crimes should be deported. however, it's a hot topic of the hour and it's next. you're watching mornings with maria live on fox business . something, something about my cool nebraska guy. yeah, something about maybe you and i . we're going to try something new today. i that was close. now get the top of the circle. i need you to come from here. when you work with someone who knows a lot and cares even more, i believe in you. make it happen. you're unstoppable. round. let's make it happen. at truest, we believe the same is true for banking. biden's new student loan bailout. inside the pushback is his bidenomics agenda falling flat. ted cruz and tim scott weigh in on kudlow, then us debt danger with spending at record levels, what needs to be done now to
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