Skip to main content

tv   Mornings With Maria Bartiromo  FOX Business  April 16, 2024 7:00am-8:00am EDT

7:00 am
7:01 am
maria: good tuesday morning, everyone. thanks very had much for joining us this morning. it is 7:00 a.m. on the east coast. time for the hot top you can of the hour. house republicans will deliver impeachment ar articles to alejandro mayorkas. they're push being mayorkas to hand over documents related to illegal immigrants accused of crcrimes. mike baker, your reaction? >> look, i'm not sure that i'm fully excited about the impeachments processes because i think it takes everybody's eye off the ball which is the problem with security at the border. right? i get it. i understand why they're going after mayorkas. in reality, mayorkas is doing the bidding of the white house.
7:02 am
even if he's gone, we've still got the same problem. i would rather people focus on the really serious national security, public security issues we have at border. biden is really having a problem here, trying to land somewhere that his progressive base will youagree to. he's pushed the idea of executive action some time ago and got immediate pushback. as soon as it died down in the media. he gave up. he doesn't care really about the border. they want the problem to go away. i get it with mayorkas but let's focus on the bigger problem here and i'd like some of the dysfunction to dissipate on washington, d.c. and i'd like both sides to figure out a way to do what they're supposed to do for the american people. maria: especially since is probably dies in the senate anyway. it's probably an exercise to say okay the house impeached he mayorkas but but it died in the senate. what you want is not happening
7:03 am
regardless. you want a he focus on the border but the focus is on ukraine in the white house. they are saying no aid package standalone to israel. it has to include ukraine. now, cheryl, axios is reporting that president biden is going to enact executive action at the border in the coming weeks to combat illegal crossings, axios writes this, with republicans making the border a top 2024 issue, how do you like the way they said with republicans making the border a 2024 issue, as if it's not people losing daughters and sons, biden is trying to find the right language to impose a crackdown without getting instantly shut down by the courts. we know joe biden overturned all the security at the border in the sweep of a pen. he did 94 executive orders. >> he came into the white house, he came into office and the message went down to central and south america on tiktok and on twitter and facebook and on
7:04 am
what's app, the border is open. joe biden says come on over. maria: come on in. >> come on in and you bring that fentanyl and you bring those terrorists. it's ridiculous. but of course, because it's become such a top political issue, it's not the republicans that have made the border an issue, maria, you know that. any sane person understands that. maria: apparently not axios. >> well with, fine. but i will say this, that i look at -- look to the voters, look to the american people. and time and time again every poll that you look at, immigration, number one. sometimes economy number one, immigration number two. it is a big political problem for them and they're trying to save themselves. maria: you've got people dying of poisoning from fentanyl, mark. >> look, it's a problem that's not just confined to our southern border. it's penetrating the entire country. which is obviously a huge issue. but i moo mean you look at under
7:05 am
president trump's leadership, what were there maybe 400,000 illegal crossings per year. now we're at like 300,000 per month. i mean, that is how bad things have gotten and republicans brought to the table hr2 a year or so ago which is essentially said let's hire more enforcers at the border, not processors, let's get back to building a wall, let's get back to he remain in mexico policy. you can only be considered for asylum if you come through an official port of entry, not if you climb under a fence, these are common sense reasonable things take can help us to get the border back under control but the problem with mayorkas and biden, sha is they accept zo responsibility for what's happening there. mayorkas a month or so ago was asked point blank whether or not he accepts responsibility for the crisis at the border and he said no, we don't accept
7:06 am
responsibility. maria: right, right. well, i mean, look, mike, there's no surprise here. we've got a presidential election six or seven months away. suddenly,joe biden gets religioe wants to maybe consider executive orders to change things at the border because the elks is in six months. he's been in washington 40 years. he's been watching this and overturned trump's security for the last three years and suddenly now he's getting religion to do something at the border. >> and i will say the white house has so little regard for the intelligence of the american people. they think they can sneak this narrative i by that says this whole border problem, the crisis that the republicans keep talking about is because of the republicans, because they wouldn't pass our bill over the past eight weeks as if the crisis isn't the result of the past three years of the biden tenure. they honestly believe they can sneak that narrative past and push this down the road until the election hits. as you know, we're talking millions coming across the
7:07 am
border during the past three years. those are the encounters. we've got conservative estimates, 1.8 to 2.5 million known got aways and we have no idea who those people are, we don't know where they had are. maria: that's right. 10 million illegals on joe biden's watch in three years. we've got a lot coming up. house speaker mike johnson is working on foreign aid, trying to push through three standalone bills to israel, ukraine and taiwan. but the white house wants ukraine aid tied to israel aid and is rejecting a standalone bill for israel aid. why? we'll get into it with texas congressman lance gooden when we come back. don't miss it. you're watching "mornings with maria" live on fox business. stay with us. ♪
7:08 am
do you want to close out? should i? normally i'd hold. but... taking the gains is smart here, right? feel more confident with stock ratings from j.p. morgan analysts in the chase app. when you've got a decision to make... the answer is j.p. morgan wealth management. business. it's not a nine-to-five proposition. it's all day and into the night. it's all the things that keep this world turning. it's the go-tos that keep us going. the places we cheer. trust. hang out. and check in. they all choose the advanced network solutions and round the clock partnership from comcast business. powering more businesses than anyone. powering possibilities. the need for domestic lithium production is crucial. surge battery metals is filling the demand and reducing our reliance on foreign sources with its best in class lithium discovery. surge battery metals, energizing our future.
7:09 am
7:10 am
7:11 am
7:12 am
maria: welcome back. house speaker mike johnson announces the house will vote on three separate foreign aid bills this week. one for israel, one for ukraine, one for taiwan. the house is considering a fourth bill which focuses on other national security priorities such as tiktok. however, the white house is being clear saying yesterday president biden will veto any standalone israel aid bill u insisting it must include money to ukraine and tie b juan. taiwan. joining us now, congressman gooden. what's your thoughts? >> the white house is saying this because so far it's worked for them when they make these statements, bills tend to languish. but i don't believe they're serious this time. i have a hard time believing joe biden would really veto standalone aid to israel, especially after what happened this past weekend and what could happen in the next few days. we'll let him cross that bridge
7:13 am
when we get there. in the meantime, the house is scheduled to release the text of the ladies and gentlemen legislation. we'll see the bills on paper today. and see where we are later in the week. maria: i mean, congressman, many people are wondering why in fact you're talking about any money going anywhere, doing anymore spending without having secured the border. i spoke with the speaker of the house on sunday about this very subject. watch this. mr. speaker, why bring a bill to the floor to send money to ukraine without having secured the border? >> so maria, what marjorie fails to notice is we have b been fighting on the border. we passed hr2 at the beginning of congress. it's been sitting on chuck schumer's desk. we passed the resolutions and the acts out of the house. they get stopped at the senate. the open border democrats control the white house obviously. we've not been able to have a llaw make exercise to meet that
7:14 am
objective. we're fighting every day. your reaction, sir. >> i agree with you. my constituents agree with you. i won't be able to support ukraine funding that doesn't include border security. i suspect there will be problems later this week. i can't imagine a se nature he scenario whereukraine aid passet republican support. there is support for israel funding support but my constituents want the border secured and there's talk of hr2 but the only talk i heard so far is requiring the senate to take a vote on it before we transmit whatever bills we pass over to the senate. i think it's premature. i agree, how can we justify sending money to secure the border of ukraine before we secure our own. maria: how he's this going to play out? you're not along. a lot of colleagues are saying the same thing, my principles won't allow me to agree to money to ukraine when we haven't secured the border yet.
7:15 am
tell me how this plays out. >> later they the week you'll see democrats help pass the rules package which helps the bills get teed up. friday evening you'll see votes on all of these. i suspect the israel aid package will pass with republican votes including my own, the same for taiwan. when it comes to ukraine, i can't imagine a scenario where that bill passes without quite a few democrats and then you migt see political ramification cans after that. i don't know. i can't predict the future after that. i suspect democrats will get ukraine funding across the finish line if the speaker allows that to happen there will be other problems to deal with. maria: are you expecting the speaker to t vote with democrats? >> i have no expectations for how the speaker or anyone aside from me will vote. maria: let me move on to the other issues of the day in this two applications of the law. former president trump speaking out after the first day of jury selection in the so-called hush money criminal trial in new
7:16 am
york. trump ripping into the judge's decision which orders him to apeer in the courtroom every day of the trial while joe biden is out campaigning. watch this. >> looks like the judge will not let me go to the graduation of my son who worked very, very hard. he's a great student. very proud of the fact that he did so well and was looking forward for years to have graduation with his mother and father there. looks like the judge isn't going to allow me to escape the scam, it's scam trial. maria: congressman, your rea action? >> you know, i'm embarrassed for the state of new york. i agree with president trump. this is a scam trial. he's not asking to get out of the trial every day. he's trying to go to his son's high school graduation and what an embarrassment for the scrog if-- judge if the judge doesn't grant this. the fact that a presidential candidate, the only candidate on the republican side is forced to sit in a new york city courtroom
7:17 am
for something he was accused of doing eight years ago which is totally bogus is a testament to the sickness of the judiciary, not just in the state of new york but in all democrat run areas, including this whole nation. what we've seen is the weaponization of justice against the former president who i believe is our future president as well and the fact that joe biden's y allowing this to happn is appalling. this judge is very much a joe biden supporter, going out of his way to make it as hard as possible on the republican nominee, donald trump, he wants him in new york. when he's in new york, he's not out spreading the word to the folks across the nation that are sick and tired of what they're seeing at all levels of government. maria: it's quite, straigh--extraordinary, frankly, congressman. you and house republicans sending a letter to eric adams asking if any of the federal funds being used for new york's prepaid debit card program for the migrants, if any of that money is federal money. you write this, this $53 million
7:18 am
program is a free handout to foreign nationals who illegally circumvented immigration policies, not only does the plan fail to you a address the underg sort of the migrant population but further incentivizes the arrival of further illegal aliens. do you know if the money was from taxpayer dollars, u.s. taxpayer dollars? >> that's what we're trying to find out. seems the common denominator fr the injustice is new york. you have to deal with it every day. we want to know if he's using federal funds for this program because he's ince incentivizing illegal immigration, working against federal law. i realize the executive branch leader, president biden, refuses to enforce the law but mr. add adams ifhe's using federal funds another issue the sur committeel
7:19 am
address. we plan to hold him accountable ifs he's doing wrong. maria: shouldn't you know this already, congressman? come on. these prepaid debit cards have been an issue now for months. people are getting all this money to go get free phones, go get food, whatever they want to get. our vets, our veterans are living on the street. you don't know if the this is federal money or new york money? >> the thought that veterans are getting screwed while the city of new york is paying for the i'llillegal immigrants and encouraging even more to come to the nation is apolings and the american people hate that which is i believe had they'll throw this president out and replace him with donald trump. house republicans will continue to work to make sure the american people know how bad it is. we intend to hold offenders accountable at all levels of government. i appreciate you shedding light as well. maria: congressman, we'll be watching your work. thanks very much for being here this morning. lance gooden joining us. coming up, we're looking ahead to bank earnings, morgan stanley
7:20 am
coming out before the opening bell. this is the one to watch right now. the word on wall street panel is here with expectations when we come back. you're watching "mornings with maria" live on fox business. stay with us. ♪
7:21 am
7:22 am
7:23 am
her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for.
7:24 am
maria: welcome back. it is time for the word on wall street, top investors watching your money. joining me is ubs wealth management managing director, private wealth advisor and portfolio manager, scott zelniker. also with me is mark tepper. welcome to the program. >> thanks for having me. maria: i'm happy you're joining the conversation. as we look at earnings and the federal reserve and its next move, take a look at futures. we've got a rally in the dow, up 180 right now. largely due to some earnings news, united healthcare rallying about 6 or 7%. that's adding a huge amount of ground to the dow. the nasdaq is negative, although here too we're off the worst levels of the i da day. i want you to comment on are interest rates. federal reserve chairman jay powell will speak this afternoon
7:25 am
and the yield on the 10 of year right now is 4.6%. the futures market is pricing in 50% chance of an interest rate cut at the fed's july policy meeting. but i spoke with the founder and editor of grant interest rate observer on this program a couple weeks ago, he was the first person to bring up this idea that we actually could see a hike in interest rates. forget a cut in interest rates. here's jim grant with me a couple weeks ago here. you're not expecting a cut in the rates any time soon? >> no. they might decide that three-ish is fine. maria: 3% inflation. >> yes. the concern over inflation and to focus on financial stability as they would define it. however, i think there's also a chance this year that the fed raises if they are confronted with an accelerating rate of inflation. feel they have no choice. who is to say the 3.2% thing couldn't go up. we have an $80 oil price, no
7:26 am
longer 70. maria: scott, i know you've been thinking that we would see higher for longer for some time. what are you telling clients now? >> yeah. so back in 2022 we were telling clients the fed was raising interest rates under the cover of the strong economy and a technology would lead us out of whatever market turmoil we had. that turned out to be true. early this year we were telling clients not to expect cuts. we told clients don't be shocked if rates go up a quarter or a half before the say kell was cy. maria: what do you want to do then, scott? look at the backdrop here. we've got oil prices this morning at around $85 a barrel. israel is likely going to respond to iran's missile attack over the weekend. we could see actually a response retaliation imminently. how does this geopolitical issue weigh into your outlook and what about the price of oil which of course is elevated going into the busy summer driving season? >> it's related.
7:27 am
the markets have had a good run. when you look you through history, markets don't go straight up. you're going to have volatility in here. and we like the markets long-term. oil is really interesting. i mean, i hate to use these words but it was almost a relief that iran's attack on israel played out the way it did. we were able to -- i say we. they were able to really thwart any damage. it's out there. the fed has to look at it. whether it's the fed or anyone else, there's three types of risks, the risks you're willing to take, the risks you're not willing to take, the risks you don't know you're taking. the fed has to deal with things they don't know. they know oil is out there. they've got to be very careful with rate cuts here. they have credibility at risk. maria: do you think we'll see any rate cuts this year then? >> data dependent. i hate to sound like them but data dependent. the job market's been strong.
7:28 am
maria: headaches sense. makes sense.>> we could sit whe for some time. maria: that's what i think, mark. you've said this many times as well. layer onto this the earnings story. we have bank of america reporting a double beat, the major banks profits falling on lower customer interest payments. morgan stanley will be out any minute. bank of america down a fraction, morgan stanley up a fraction this morning. your thoughts. >> with regard to banks, m&a has been strong. whenever a business is able to enter into a potential acquisition opportunity and not be afraid of 9 to 12 months down the road after doing you due diligence the cost of the acquisition going sky high because interest rates are going up you, obviously the fact that it seems like interest interest rates won't go higher, maybe they go lower, that's good for m&a. trading revenues were up substantially, a lot of that probably fueled by the a.i.
7:29 am
hype, ozempic hype, bitcoin etfs coming online, those happened in the first quarter and a obviously the wealth management distinguish market was up 10% in the first quarter. those obviously are going to track any movements in the market. the issue is obviously loan demand is softening. so -- and i think that's probably a combination of two things. number one, interest rates are high. so it's deterring businesses from wanting to take on additional debt. but number two, small business owners are incredibly pessimistic right now. the small business optimism number that nfeb rolls out every month, it's below where it was at the depth hs of the pandemic. small businesses are not optimistic. interest rates are high to secure he debt. we've been talking about the elephant in the room for over a year now and that is obviously commercial real estate. right? a lot of the biggerrer banks bie
7:30 am
less exposure. this is normally a regional bank issue. vacancies are at an all-time high. one of the things working for the banks right now is borrowers and lenders are playing nice in the sand box right now, rather than the banks going down the path of telling the property owners we're going to foreclose, they are extending mortgage terms for a few years to give these property owners a chance to try and get back to even some how, some way. as long as they play nice that comitigate negative effects comg out of commercial real estate t. maria: how are you allocating capital right now, scott? >> we're doing some muni barbells, playing both sides of the rate curve. if rates come down, you'll make money there on the shortend. if rates go up, we'll reinvest. we're starting to buy small
7:31 am
caps. i've been do this for 32 years, sometimes you have to be wrong in the short run to be right in the long run. maria: small caps have been waiting to catch a bid for a couple months here and no luck. if we're going into a period where we see a further selloff in stocks, don't small caps get hit harder than large caps? >> they typically do. remember my line here. sometimes you have to be wrong in the short run to be right in the long run. go back to 2022, we were talking about technology leading us out of whatever funk we were in. market was down 20%. they were talking about gluts and chips. we were explaining to our clients that no matter what comes out of the economy in the next wave, technology would be a leader. i think the same thing will hold true for small caps. maria: gentlemen, great conversation. thank you so much. we appreciate your time. morgan stanley earnings are crossing the tape. >> we've got a double beat for morgan stanley. we expected this.
7:32 am
we're getting it. they came in at 202 on earnings per share. now, the estimate was only for $1.66. so that's a very strong beat. there goes the stock. it was ticking lower going into these numbers, just for context here. the revenue strong, 15.14 billion and that was over the estimate of 14.41 billion. they reached 7 trillion of client as a e assets across wead investment management. 7 trillion, maria. also, as far as the investment banking revenue, that was 1.59 billion. that was strong. institutional securities equity revenue, 2.84 billion, a strong number. the fixed income revenue on institutional security side and equity were both in the 2 and-a-half billion dollar range. also they're declaring a dividend, maria, per share of 85-cents. the quarterly dividend coming in at 85-cents per share for morgan
7:33 am
stanley. but again, that assets under management number coming in strong and this seems to kind of go in line with what we saw from goldman sachs yesterday, maria. maria: i like it. this looks great. the stocks is up better than 3%, 3 and-a-half percent here and it is driving this idea that capital markets is really saving the day here for a number of these companies. mark, your reaction? >> yes. so one of the things i guess one of the red flags here that i saw in the report is that net interest income came in at 1.8 billion. it was expected to be 1.96 billion. so came in light. the reason for that, obviously is what they're paying out to their customers. so no one's really talking about this right now. but they're up, despite the fact that it looks like they're going to be fewer rate cuts this year from the fed, maybe even zero rate cuts this year from the fed, these banks are actually beginning to lower the interest rates that they are willing to pay customers on deposit
7:34 am
accounts, on their high yield savings accounts. over the last week we've seen discover do this, we've seen american express do this. so the reason they're doing this is to try and boost net interest income and we'll see how morgan stanley deals with that. i haven't heard about them cutting any rates yet but we'll see. >> real quick, maria, we were talking about the wealth management business. the net revenue for wealth management $6.9 billion. >> that's great. it's all recurring revenue, right. when the market's up it's going to do well. obviously, the market is a little negligence testify so far this -- negative so far this quarter but we'll see. maria: morgan stanley made a real shift into assets under management, and that was certainly -- it bodes well tore what we're seeing this morning. maria: we'll take a short break and come back. you're watching "mornings with maria." stay with us.
7:35 am
♪(voya)♪ there are some things that work better together. like your workplace benefits and retirement savings. presentation looks great. thanks! thanks! voya provides tools that help you make the right investment and benefit choices so you can reach today's financial goals. that one! and look forward, to a more confident future. that is one dynamic duo. voya, well planned, well invested, well protected. if your business needs a new application then developers will have to write code. a lot of code. if an application needs to be modernized then you'll need time, resources... and caffeine. if this sounds daunting then use watsonx code assistant ai designed to multiply developer productivity so you can generate code quickly. let's create a more modern foundation for business, with watsonx code assistant.
7:36 am
ibm. let's create. hello, ghostbusters. it's doug. we help people customize and save hundreds on car insurance with liberty mutual. we got a bit of a situation. [ metal groans] sure, i can hold. ♪ liberty liberty liberty liberty ♪ in theaters now. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today.
7:37 am
hey you, with the small business... ...whoa... you've got all kinds of bright ideas, that your customers need to know about. constant contact makes it easy. with everything from managing your social posts, and events, to email and sms marketing. constant contact delivers all the tools you need to help your business grow. get started today at constantcontact.com
7:38 am
constant contact. helping the small stand tall.
7:39 am
maria: president biden and first lady jill biden releasing their annual tax returns on tax day, cheryl casone with details. >> good morning again. the white house releasing their tax returns, the couple actually reporting 2023 adjusted gross income of 619 619,976, 23.7% tax rate, they paid $146,000 and change in federal taxes. we'll get a closer look at president biden's fiscal 2025 budget proposal, would hike the corporate income tax rate to 28%, that current corporate income tax rate is 21%. other proposed tax hikes, capital gains, small business, individual income tax hikes, all included. the tax foundation calling the proposed budget anti-growth. well, the armor for the movie
7:40 am
rust sentenced to 18 months in prison over the fatal shooting of helena hutchins. she sobbed in the courtroom. she was wearing jail scrubs. huhutchins mother said during te trial and afterwards that time does not heal. hutchins died in 2021 on the set of the movie after alec baldwin fired a gun accidentally loaded with a live bullet. philadelphia police are searching for two suspects after one of them opened fire at someone stopped at a traffic light. he realized the man in the car also had a gun. the suspected gunman fires two shots before speeding off. you can see the victim fired a few rounds as the suspects drove off. he was hit once in the chest and is in critical condition. those are some of your headlines. back to you. maria: thank you, cheryl. meanwhile, former president donald trump so-called hush
7:41 am
money case kicked off with jury selection yesterday in a manhattan court. 50 of the first 96 potential jurors were excused after they admitted they could not be impartial. here's president trump speaking out before attending the jury slacks. selection. >> the political persecution, this is a persecution like never before. nobody has ever seen anything like it. it's a case that should have never been brought. it's an an assault on america. that's why i'm very proud to be here. maria: joining me with reaction is formering acting u.s. attorney general matt whitaker. great to see you. thanks very much. how do you view all of this? >> well, this is kind of what we predicted which is the jury pool is going to be very tough to pick a fair and impartial jury. if you have 50% of the jurors sself disqualify before it's explored whether they're biased
7:42 am
or not, that's trouble. 70% voted for joe biden, less than 20% voted for donald trump in they the last election in manhattan so i don't expect that a bigger jury pool as they continue to bring people in is going to yield better results. what i worry the most is about someone that's not being truthful, that does have biases, that can't be fair and i impartl but desperately wants to sit on the jury. that concerns me. maria: do you think the judge is weeding out trump supporters with the questions he's asking. he could do that, right? >> yeah, i mean, certainly there is a real possibility that if someone has a favorable opinion of donald trump that they would be struck by the judge or ultimately by the prosecution. everyone is entitled to a fair and impartial jury. the question is, is there a big enough pool that they can get to 12 plus alternates. they have to pick 16 people to
7:43 am
be on the jury in order to have enough that can make it to the goal line but that's not even talking about the facts and the law which are also equally weak in this case. maria: yeah. how does the election play into this from your standpoint, matt? because i'm reading a cowen and company report this morning and the analyst there says this. this week's split screen is likely to continue through november. biden in swing states railing against abortion restrictions, post roe v wade, and trump in a courtroom railing against biden, 203 days until november 5th. >> this is the problem is that these trials, especially this first one in new york, is keeping donald trump off the campaign trail. he can't go to north carolina or arizona or nevada, anywhere where he needs to be to campaign to get the swing voters to sees his side. this is why so many say it's
7:44 am
election interference is because it keeps president trump off the campaign trail. what it does do, it keeps attention on president trump but you certainly don't want to the be in a courtroom when you could be doing a rally or meeting voters. maria: yeah. and do you think that he will get a fair trial? the new york times poll shows president trump ahead of president biden by 1 point in a 2024 matchup. another poll finds americans trump's time in office positively. 42% remember the trump era as good america. 25% believe president biden's years in the oval office are good for our nation. layered on top of this with the attacks on trump and the indictments is the fact of the matter that people you view trump's time in the white house more favorably. >> and they should. there's arenas i read this morning that voters are moving towards donald trump, it's because they know that his
7:45 am
policies and when he was president the economy was working. it was creating jobs. it was keeping inflation low. you could buy a house with low mortgage rates and the world feared us quite frankly. it wasn't on fire like i it is now. and there wasn't conflict and war everywhere you look. so there's no doubt that the world was a be -- better place h donald trump at the helm versus joe biden who appears to be absent or unable to flex american muscle and american power to keep people like iran and north korea in check. maria: yeah. i mean, look, this is expected to be a six to eight week trial for president trump. so that means that it ends, what, one month before the go of p convention, matt. this is all so close to the election. no wonder people are calling it election he interference and in mar-a-lago over the weekend president trump said that he
7:46 am
would absolutely testify. do you believe he's going to testify? >> oh, i think he wants to testify. i'm sure he wants to tell his story and make sure the american people understand what the facts and circumstances of these business records that he's being accused of falsifies actually are but as a someone that's tried cases on both sides of, prosecutor and defense lawyer, i would not make that decision on whether or not to put someone on the stand until i see how the evidence comes in because this case could come if they so weakly that there's no reason to put donald trump on the stand. maria: okay. well, we'll see. i mean, the split screen of trump in a courtroom and biden campaigning is going to continue, matt. what else should we be watching in terms of the other trials that president trump i is facin? >> all the other trials are on hold. next week we have the supreme court hearing on the immunity question. i think that's going to be very important and it's going to be unlike this new york case that
7:47 am
there's no way to listen to it or watch it, the supreme court does stream their audio so you can listen to that. i would encourage screever one to watch ---everyone to listen to the audio stream and obviously the documents case in florida is on hold as all a of the complicated issues involving classified information are determined but there's no doubt that jack smith is desperate to have the same situation get his cases to trial in order to keep donald trump off the campaign trail. the calendar is running out of time as we head into the convention in july in m milwauk, then you're in full campaign mode after that it will be very hard for a judge with a straight face to hold a trial in the middle of that. maria: mike baker, jump in if here. >> if i could did b back to the issue of jury selection in new york, you talked about your concern over having jurors not be truthful when asking or answering questions, sorry,
7:48 am
during the selections processes. to the what degree do they do their own vetting, meaning when choosing jurors, to what degree do the teams go through social media and not just rely on what the juror selection candidates are saying? >> yeah, there's no doubt that the teams on both sides have the jury questionnaires and they're doing their own due diligence and vetting of these folks to see what they can tease out of the information that they've been provided. we'll see if there are some people that are disqualified it pultimately because of social media or otherwise. what i'm mostly concerned about is something that is by human nature is excited to be on this jury and is unwilling to be honest and will say practically anything to get on the jury. those are the types of people you have to really suss out when picking a jury and sometimes they're hard because they know exactly what they're doing as well. maria: sure. great points.
7:49 am
all right, we'll leave it there. great to talk with you as always a,. >> thank you. maria: matt whitaker joining us this morning.. we'll be right back. stay with us. anywhere. so i started my own studio. and with the right help, i can make this place i love even better. earn up to 5% cash back on business essentials with the chase ink business cash card from chase for business. we planned well for retirement, but i wish we had more cash. you think those two
7:50 am
have any idea? that they can sell their life insurance policy for cash? so they're basically sitting on a goldmine? i don't think they have a clue. that's crazy! well, not everyone knows coventry's helped thousands of people sell their policies for cash. even term policies. i can't believe they're just sitting up there! sitting on all this cash. if you own a life insurance policy of $100,000 or more, you can sell all or part of it to coventry. even a term policy. for cash, or a combination of cash and coverage, with no future premiums. someone needs to tell them, that they're sitting on a goldmine, and you have no idea! hey, guys! you're sitting on a goldmine! come on, guys! do you hear that? i don't hear anything anymore. find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com.
7:51 am
her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”.
7:52 am
you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. maria: welcome back. time for the morning buzz. now we're dealing with drug shortages, they are on the rise,
7:53 am
hitting an all time high this year. fox business' lydia hu is here with more on that, drug shortages, lydia. >> good morning, maria. 323 drugs were in short supply during the first three months of this career, as you said, that's a new all-time high. since tracking started back in 2001. weight loss drugs are on the list of drugs that are in short supply. we know demand outpaces supply there. there are worsening shortages in other crucial categories. shortages for critical chemotherapy drugs have worsened over a five-year period. drugs to treat attention deficit disorder, harder to get. and shortages in antibiotics are climbing, doctors and patients sometimes go without the commonly prescribed amoxicillin. one pediatrician says patients and staff feel powerless. >> we prescribe it, we send it to the farm circumstance it's out of stock -- pharmacy and
7:54 am
it's out of stock. we don't have enough man power to call every pharmacy to find the drug. parents will drive 50 miles to get it to pick it up. sometimes we have to do the mail away. >> one problem is the united states has little control over the supply chain for medication. many of the drug ingredients come from oversea, almost half of the fda approved makers of drug ingredients are in india. 13% in china. policy makers are considering changes. the fda wants to require more information from drug makers about the origin of ingredients, the agent i si agency says thath help them anticipate shortages. the white house proposes more spending, $5 billion over the next 10 years. the plan would hold hospitals responsible, would link medicare payments to how well hospitals avoid drug shortages. the ftc and health and human
7:55 am
services are trying to understand how drug wholesalers that operate as middlemen impact the drug market. there's a public comment period going through the end of next month. thousands of comments are pouring in from the public about how drug shortages impacted them. one person wrote this is the united states of america, we shouldn't have to deal with drug shortages. back to you. maria: well, that's exactly right, lydia. thank you so much. cheryl, how long have we been talking about the fact that we are reliant on china for our prescription drugs. lydia went through the numbers, india as well. china is the communist country that is trying to undermine the united states as every turn. remember during the pandemic, cheryl, when the propaganda media out of china came out with a tweet and said well, maybe we just won't send the prescription-underlying components to america that they dearly need, threatening the u.s. that they're going to stop the shipments.
7:56 am
>> you're right. we learned this during covid, in particular it came to light because there were severe shortages of blood pressure medications at the at time, cholesterol medications, routine medications, chemotherapy. i was looking at the white paper that the department of health and human services published about what's going on. they're saying it's market failures and misaligned incentives. so let's just throw the blame out. meanwhile, not doing anything to fix the regulatory environment in all of this. and by the way, the president's budget, his proposal a, one of the things he wants to do is lower the cost of prescription are drugs. well, great. but if you can get the drugs according to lydia's report. maria: yeah. exactly. all right. we'll take a short break on that note and come right back. stay with us, you're watching "mornings with maria" live on fox business.
7:57 am
7:58 am
7:59 am
8:00 am

20 Views

info Stream Only

Uploaded by TV Archive on