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tv   Mornings With Maria Bartiromo  FOX Business  January 26, 2021 6:00am-9:00am EST

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economy. laying off people by tens of thousands and it is so wrong for america. lou: jason, congressman moe brooks, and just the news dagen: good morning, i'm maria bartiromo in for maria bartiromo. it's tuesday january 26th, your top stories at 6:00 a.m. eastern. earning season kicking into high gear. 13,000 components report this week. four this morning alone. 3m, johnson & johnson, verizon and american express. futures are mix ahead of the open. all to the downside at the moment. losses across the board. slight, however, this coming off a record-setting day for the nasdaq and the s&p 500, but the dow edging lower on the day. going to trial again, one article of impeachment against
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former president trump delivered from the house to the senate last night. in the meantime the biden administration shaking shape. janet yellen confirmed as treasury secretary as the president looks to sign executive orders on racial equity today. we look at what the biden's administration policies means for you from kevin kramer and michigan congressman debbi dingell and mississippi governor barber. for users by yousers, new checking portal bird watch where users can help tackle misinformation. we discussed the ramifications in the area of censorship on social media. and if a dog is man's best friend who is dog's best friend.
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we have the answer. mornings with maria. ♪ ♪ ♪ biggest mover is the backseat. investors are watching astrazeneca, less effective for those over 65. we saw red across the board. four major markets to the downside, biggest loser reversing the gains on monday, hang seng down two and a half percent. now to come of the top stories we are following this morning. president joe biden signing flurry of executive orders. cheryl: more this week. good morning to you. today's theme is racial equity, will focus on improving prison
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conditions and president biden expected to establish a policing commission and transfer of military style equipment to local law enforcement as signing buy american order which supports american manufacturing and jobs. well, impeachment 2.0. house managers delivering one article of impeachment against former president trump to the senate last night accusing him of inciting the capitol hill riot. patrick leahy to preside over trial following john roberts not to participate. new tally from reuters showed cases dropped and last week compared 1.5 million the week prior. president biden is open to negotiating 1400 stimulus checks which law makers say should be
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targeted to low-income families. one person is dead and 5 others injured after scene in portland oregon, a driver accused of hitting pedestrian in sidewalk after swerving at high speeds. the driver tried to run away in the aftermath. he's in custody this morning. finally this, portland mayor was forced to pepper spray a man who was harassing him at dinner. accusing him of in the wearing a mask while not having dinner and warned the guy and had to act when the man refused to stop, dagen. some of your headlines from the newsroom, back to you. dagen: thank you so much, cheryl, we will see you at the bottom of the hour. a look at markets, futures downside. busy week in earnings, 4 dow components reporting alone.
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big-tech companies like microsoft, apple, facebook and tesla all hit tape later in the week. joining me now head of investment strategy hank smith, joining the conversation all morning long, the king's college and manhattan professor of business and economics, fox business contributor brian brenberg and global president heather, great to see you all this morning. earning season, full steam ahead, hank, what are you watching for? >> for the past quarters has passed expectations. might not be the same this year. we will have strong profit growth hon the backdrop of an economy that begins to surge once the virus start to fade and we've had thorough vaccine successes. you can see an economy really take off given all the stimulus
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and pinned up demand as consumer confidence start to soar. it might not be enough because we will see higher interest rates, hopefully it's transitory inflation but nonetheless, it should temper return somewhat and that's okay because valuations will come down and that's what this market needs. it's a little break on the valuation front and i think that would be a win-win scenario. dagen: brian brenberg, jump in? brian: hank, you're talking about stimulus and hope for stimulus as a reason to see the market move. i've been talking for some time on what's the other side of stimulus and that is some of the beg regulatory news that we are already seeing from president biden in executive orders. how concerned are you that businesses are going to start to look at you on the certain of
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climate change, for example and that will temper hiring and temper investment and cause pullback on what otherwise could have been a really strong recovery? >> well, brian, i think at the margin you're absolutely correct that, look, increased regulation is another form of increased taxes if you want to put it that way and that ultimately will have a slight offset, but the power of the monetary stimulus, fiscal stimulus and also the unleashing of consumer confidence at least through 2021 into 2021 should be the driving force, the tail wind, if you will. yes, there are some headwinds, and specifically we are avoiding two sectors that are going to be at the brunt of this re-regulation, if you will, of the financial sector and the energy sector. dagen: say that again, you're
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avoid -- you would avoid making any new investments in those two sectors. >> yes, we have very, very light waiting in both sectors and we are going to continue that posture and where we are going to get our economic sensitivity is more on the industrials basic materials as opposed to energy and financials because we just see that headwind of regulation, energy also has the headwind of alternatives, esg, for example, and the biggest one for energy is there is so much supply and is not going away due to technological advances of hydraulic factoring. >> all of the big-tech names that are set to report, can they
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come up with earnings that can justify these type of valuations this week, what do you think? >> well, no, look, it's very interesting in the past half dozen, 7 trading days this mini rotation back into tech, back into the fang complex and we view that more as a cyclical rebound from really a dramatic relative underperformance since the election. i think -- i think value is going to have a bigger play particularly as it becomes apparent that this economy is going to be accelerating into the second half of this year. now with respect to regulation, look, they've been talking about regulating tech for the better part of 3, 4 years and the stocks have continued to do very well and that is unusual because when the specter, you don't get
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outperformance. dagen: thank you so much hank. hank smith. good to see you. game stop, wild session yesterday, short sellers were looking to cover their positions. squeezed, if you will, the stock was up 144% at one point during the day, finished the day 18% higher. it's up more than 300% to start the year. is it the little guy, the small investor, i hate the words, little and small seeking revenge? we will talk about this all morning long and we are just getting started. retired four star-general jack keane talks china president xi jinping's comments as beijing
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plans military drills in the south china sea. earnings with the word on wall street. former whitewater independent counsel robert ray talks president trump's impeachment trial and kramer discusses as president biden's executive order. record for first week of presidency and the fate of american energy. in the 8:00 o'clock hour michigan congresswoman debbi dingell to talk about political fallout of impeachment and mississippi governor haley barber on the future of the republican party. don't miss a moment of it. you're watching mornings with maria live on fox business. ♪ ♪ ♪
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dagen: for the first time in american history articles of impeachment for a former president was sent from the house to the senate last night inciting january 6th riot. senate majority leader chuck schumer speaking up on the senate floor yesterday. >> the they are eye can't try former officials would amount to a constitutional get out of jail free card for any president who commits an impeachable offense. let me be very clear, this is not going to fly. the trial is going to happen. it is certain we and constitutional and if the former president is convicted, they'll be a vote to disqualify him for future office. dagen: in order to be convicted 17 republican senators would have to vote in favor of impeachment. joining me now the hill editor-in-chief bob kusik, is this constitutional because
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chief justice john roberts is not going to preside over the trial, the constitution stipulates the role for the chief only for a president, not a former president, democratic senator pat leahy is going to preside instead? >> yeah, i mean, there's debate whether it's constitutional. it's not slam dunk to know from chuck schumer said and interesting, dagen, that john roberts was asked to do this. he's not doing it. maybe that's the reason he hasn't said publicly, he doesn't talk publicly other than his decisions. but i think this is not going to look great for democrats when you have pat leahy who has been a partisan warrior. he's going to be fair but he's going to be the referee of this trial? i don't know. that could actually hurt the democratic cause to get more republican votes. dagen: do democrats have enough republicans to convict this president? i know they haven't had a trial yet but do they have the votes because if you hold a trial and
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you don't convict the former president and then it looks like you've got 16 million americans who are still collecting unemployment, likely more unemployed, a nation that is struggling with the coronavirus pandemic and a white house that can't give straight answers about the vaccination program. maybe mitt romney, he was the only one last time. we don't know if all democrats are on board, joe manchin, centrist of west virginia, he voted for the first time but maybe since we are talking about a former president, he doesn't. he has to go through this because the house started the process but he doesn't want to go on weeks for weeks.
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dagen: brian brenberg. brian: we are going to have impeachment trial but the senate majority leader wants to go quickly to get it done so it doesn't mess with anything else instead of actually doing honest trial that would giver parties their voices. it seems so partisan. what's the wisdom of this? bob, is there any wisdom? >> the white house didn't think there was much wisdom because they were going to start the trial as early as this week and the biden white house said, no, we need to get our cabinet through and at least start on an agenda. so i don't think the white house is really the new white house is really happy with this and that's why you are going to see republicans go on offense more in the coming weeks and certainly the week of the trial and say, a, this is constitutional and how does this unit the country and how is that
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consistent with joe biden's unifying message. dagen: republicans and democrats looking ahead to election. rob portman announcing he will not seek reelection in the 2022 midterm elections. he joins republicans north carolina senator richard burr and pennsylvania senator pat toomey who are not seeking reelection. portman announcement, bob, came as a surprise to many. what do you make of the decision? also senator kelly will be up in 2022, also raphael warnock, his term expires in 2022 as well. >> portman's decision was a surprise. i think this is a loss for congress. i've interviewed rob -- portman.
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he's grown tired of the partisan warfare. the senate in two years is a jump ball. republicans could win back the senate certainly but they're defending a lot more seats than democrats because they did really well 6 years ago and this time it could be difficult to win back the senate, but it's possible. dagen: what do you expect? you need unity on one side among republicans? so how do they do that? >> well, i think when you have a democrat in the white house, you are going to have a lot of unity. we are seeing more republican unity than we have seen over the last couple of weeks. dagen: right, especially around executive orders, keystone pipeline, moratorium on new leases on federal land for drilling and rejoining the paris climate accord that hits businesses, it hurts jobs and hurts your regular americans because their energy prices will go up. that's kind of the nut of what they are going to be running,
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bob cusak, great to see you. >> thank you. dagen: a week of biden administration. a user-driven tool to battle misinformation as it faces pressure over bias and censorship. plus suiting up, how men will dress in a postpandemic world. the morning buzz ahead. ♪ ♪ ♪
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bounce forward, with comcast business. dagen: policing your tweets. twitter unveiling bird watch, new service allowing other use twitterusers to fact-check. they can also rate other moderators to prevent bad-faith
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actors. brian, this seems -- this just -- i really am trying not to be glass half empty, but this seems like a disaster in the making. do you think it's really going to help stop the spread of the misinformation? >> well, you know, you're trying not to be glass half empty. i don't think i have anything in my glass because i don't think i quite understand what the value of this is. can't users already annotate tweets by replaying to them and linking to articles if they disagree with what you're saying? we sort of do this already. there's a new forum, i don't know which users, verified users or somebody twitter picks to decide whether you say is true or not. sounds like the same old thing repackaged and rebranded and doesn't address fundamental question, is twitter going to keep censoring or not and keep controlling speech or not. if they are, what are we talking
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about here? my glass is empty because i don't understand the real value of this. dagen: heather, maybe twitter is trying to kick the censorship from the execute aif offices, if you will, and from the hq of twitter an on to the people who are on twitter itself. >> yes. dagen: but when people talk about misinformation, you know, the left it's always about, oh, conservatives, but there's a great deal of misinformation throughout twitter. we can go back even before the russia collusion nonsense. heather: right, they are trying to get support of user base. responsibility off of executives and getting the users and the public involved so that that kind of helps i guess their case, but the brian alluded to, if you start flagging people you don't like or vice versa people start flagging you because they
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don't like you. it becomes difficult to police that and they are putting themselves in an even worse situation by having to police all the people that are flagged now through bird watching. so i think it complicates things even further and it's really impossible asking big-tech companies to police free speech. it can't be done. that was a problem with section 230. dagen: they policed it all right. they ken cored and stopped the dissemination of a true story about hunter biden right before the presidential election. you couldn't even share a story that -- that link that was off of twitter. that was pure and utter censorship. coming up, countering china, chinese president xi jinping warning against isolationism as beijing prepares for military drills in the south china sea. we discuss next. plus, man's best friend, not so fast. we look at the role that women
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play in our dog's relationship, it's making a buzz this morning.
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cheryl: welcome back, i'm cheryl casone with some of the top headlines this morning. tornado touching down on alabama overnight levering -- leaving trail of destruction. this happened in birmingham, guests and staff were able to escape safely. at least 20 people have minor injuries from the storm. well, the ceo of apollo global management stepping down from role after independent review showed he paid jeffrey epstein, not connected to epstein's criminal activities.
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online video platform raising $300 million in latest realm of funding despite 5 billion, 82% spike from just 3 months ago. company has seen a surge in revenues since businesses have relied on the internet to reach customers during the pandemic. amazon, they are hiring, planning to add 3,000 jobs. they will be spread along several support teams including amazon alexa and online support systems. take a look at the stock in premarket. it's actually down a quarter percent, dagen, some of the headlines we are watching from the newsroom. dagen: thank you so much, cheryl. the china threat. chinese president xi jinping calling for unity in the face of global challenges and remarks at the world economic forum in davos he warned leaders, quote, cold war, confrontations will always end up harming every nation's interest and
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sacrificing people's welfare. joining me now fox news senior strategic analyst general jack keane, always a pleasure, general. what do you make of these comments? jack: well, he sounds like he's the head of the democratic state as opposed to most authoritarian repressive regime on the planet. he did this in 2017 as well right after president trump was elected and assumed office and at that time the international community kind of swoon in his favor. he's got significant international backlash now, dagen, as a result of the world pandemic and the fact that he crushed hong kong and what he's doing with the uighurs and continuing political and economic intimidation of taiwan. the world is onto what president xi is doing. it doubt serously that they will soon over the speech recognizing what's happening. we have 12 nations that have
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pulled out of belt and road initiative which is china's number one infrastructure energy initiative to capture countries geo politically and also to use, have them become independent on telecommunication system. additionally, as we've discussed with maria before, there's up to 30 countries now that are pushing back using 5g, hauwei, that effort was lead by the united states, in particular secretary pompeo. dagen: doesn't the world deserve answers about the origins of the coronavirus? why china lied to the rest of the world, helped by the world health organization, this was just one year ago? jack: absolutely. i doubt seriously if we are going to get that. i don't think the biden administration while i think we
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have to be encouraged that they've shown toughness in dealing with china and some recognition that the china they are dealing with today is not the china they were dealing with during the obama-biden administration. i don't think they'll be accusatory of china. i think they will want to offer conciliatory tone and remains to be seen how tough they are going to be particularly over taiwan and i think that's going to be the flash point for the biden administration. dagen: china sending war planes into taiwan air identification zone for the second day. the move is said to be a show of force and a test for as you pointed out president biden. maria spoke with former director of national intelligence john ratcliffe about the china threat last night. this is what he told maria. >> china wants to see if it's going to go back to business as usual as it was under the
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obama-biden administration. would the biden-harris administration would be the same? they are testing whether or not the biden administration will stand up to china. dagen: this is regional aggression, general, your reaction to this and what the biden will do or should do? jack: well, first of all, they said they are going to take a tough stand on china. that's good news. they will continue support of taiwan that the trump administration was doing, helping taiwan and building up military defenses. there more that needs to be done. here is the problem, dagen. we are outgunned in the pacific. they've got more ships and they've got more missiles. we have got to put increased capability into that region so that we establish an effective deterrence, otherwise we don't want china to be tempted to crush taiwan the way they have crushed hong kong and they can
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do that by jumping on taiwan's offshore islands and beginning to blockade them and test the biden administration. if we put the capability out there that is needed, that will force the prc and president xi to think twice. i'm absolutely convinced he wants to absorb taiwan and he wants to do it in the next 4, 5 years. it's not likely that war is eminent but it is likely that he's getting closer to using military force over the next few years to accomplish that objective. dagen: what about -- i've been reading about this over the weekend, the build-up, if you will of space warfare by china. that's another immense problem that the u.s. needs to combat. jack: yeah, very much. the chinese have developed, the number 1 capability of opposing the united states to take out
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satellite infrastructure. four communication, four location gps and for the weapons of our position guided ammunitions, and so they know that we are very vulnerable and they are moving quickly into space. they have hypersonic missiles that are already deployed. these missiles use space and are difficult to track because the speed at which they move and they have multiple war heads, reportedly, they could take out a united states aircraft carrier battle group in a matter of minutes. yes, space warfare is -- is the future because so dependent on it and we have to develop systems to protect our own capabilities. dagen: general keane, always a pleasure. thank you so much for being here this morning, general jack keane. johnson & johnson quarterly hit
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the tape. cheryl: double beat on johnson & johnson, up one and a quarter percent. earning was a buck 82, they came in at 1.86. revenue estimate 26.7 billion, they came in at 22 billion. sales up about 8.3% for the quarter. a couple of headlines crossing. obviously it's all about the vaccine, it's in phase 3 trials, all the company is willing to say is they continue to progress on covid-19 vaccine candidatement they look forward to sharing details from the phase 3 study soon. just want to let you know that analysts are looking for phase 3 covid vaccine data to come out any day and that could be a huge market mover, to be clear it's a dow component. obviously one stock we are watching. also as far as guidance, as i throe it back to you, they did give us full-year guidance which is nice to get from a company after the last year. 960 earnings per share.
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it's above the range. more positive news there and then 89 billion in revenue for the full year. that's about the middle of the range, dagen. so, again, any hints we get from the conference call on the vaccine it's going to be big market news, back to you. dagen: indeed, stock and premarket up more than 1%. you see the dow futures are in positive territory. coming up, battling the new covid variant. we look at effectiveness of vaccines against the new strains, that's next. suiting up. we are watching the future of fashion and how men will dress in a postpandemic world. the morning buzz ahead. don't forget to catch maria bartiromo, she will be hosting fox news prime time at 7:00 p.m. eastern all week listening. i caught it last night, you do in the want to miss it. you're watching right now mornings with maria live on fox business.
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♪ ♪ >> apple set the make history. thursday president biden praising unity as senate dems push for trump impeachment. newt gingrich weighs in. friday, wake up with the word on wall street. expert insight on wall street's biggest movers. that's all right here on mornings with maria.
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dagen: first case of mutated covid strain in brazil has been
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confirmed in minnesota. health officials that the new strain is more transmissible, joining me fox news medical contributor dr. marty makary. dr. makary, can you tell us about the new variant from brazil, how many more states do you think this will show up in? doctor: sure, minnesota department of health test about 50 samples a week to see if there's one of the variants and what they found that the brazilian variant which is different from the uk and south african variant is sort of a cousin of the south african variant, that was found in somebody and that person actually was sick back in first week of january, what does that tell you about the likelihood that this is, you know, more widespread in the united states and it's not just one case. dagen: moderna is saying that its vaccine will work against the variants found in uk and south africa, but do you believe that people who have received the vaccines already need new ones to fight off mutations.
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i know moderna is working on a booster for the south african strain, correct? doctor: yeah, look, as long as the virus is circulating in high numbers, it's pretty obvious that it's got a high-rate of mutation, unless we can exdistinguish it or get it down to low levels, we will see mutations. people will probably need to come back. a lot of companies are working on a vaccine for the variant. moderna is the best at marketing and getting out in the media but they have made it clear they are working on the booster maybe being a little different from the initial first dose and also at the same time, working on an entirely different vaccine for the -- the different strains. now the south african strain was tested for but the brazilian strain was not. and when the south african strain was tested for, your body made less antibodies, less neutralizing antibodies but appear that they were
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neutralizing the body, that is it can still be producing antibodies. dagen: the company just saying that phase 3 data will be coming out soon. how critical is it to have the vaccine available to the public? doctor: it's going to help a lot. dagen: we are still waiting for green light for the astrazeneca vaccine. doctor: simple refrigeration can last up to 6 months. we deliver 90 million flu shots and we can do that with the oxford vaccine if fda would look at existing data in europe and use that as a rolling basis instead of, you know, ignoring the data and insisting on a pretty application spin on their desk with an entirely new trial
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which is what they asked for back in january. it's not going to be until april until we see the oxford vaccine coming to market but j&j's can be approved in about 2 weeks and we can expect this week, today or tomorrow the results of phase 3 trial. dagen: that's fantastic. tony fauci, endorsed double mask wearing, wearing two masks is better than one. i'm not making fun of mask wearing, is it -- i was joking with somebody on twitter. is it going to be 14 or 16, if i wear 15 versus 16, am i a better person? doctor: i've heard people why stop at 2, how far can you go? the reality is you have to be able to breathe. the thought of is thin-cloth
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masks are not effective and if you want to do something extra, you can do two. i think level 3 surgical mask is pretty effective. that's the one where the surface is not really a cloth, it's more of a plastic coating. they work very well. stories that have come out of a barber who has cut the hair of 50 people none of whom got the virus despite barber being contagious. pilots and flight attendants have low rates. it can only be explained by the masks and the fresh air ventilation in the planes. dagen: before you go, just tell the audience that the number of new cases is declining and pretty dramatically in the last couple of weeks. doctor: i think this is a big story, dagen, that people are not talking about. there's been a 34% decrease in daily new cases over the last 17
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days. and that number is getting bigger and bigger and it's been something that medical establishment has been dismissive of. this was baked in. this started on january 8th when we peaked. so it's significant. so i think there's a lot more natural immunity out there than people recognize because it's not just 25 million cases in the u.s. that we've had, it's 25 million plus 4 or 10 times the multiple of that if you figure those who have never been tested or those who are asymptomatic or never came. a lot of herd immunity. dagen: go get the antibody test. if you were sick at any time in the last year or so, go get the antibody test. doctor: and live your life a little bit. dagen: exactly. my daughter did manage to get the vaccine and i had to caution him, you have to wait, you to wait until you get the second shot, dad, no disco, no disco inferno for you until like all your buddies get the vaccine
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too. so, i mean, brighter days ahead. great to see you dr. makary, always. dr. marty makary. buzz ahead. ♪ ♪ ♪ term policy, for an immediate cash payment. we thought we had planned carefully for our retirement. but we quickly realized that we needed a way to supplement our income. if you have one hundred thousand dollars or more of life insurance you may qualify to sell your policy. don't cancel or let your policy lapse without
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dagen: it's time for the morning buzz. gals edition. ready for the runway. high-end brands taking influence from comfier close. earth-tone dress shirts and bathrobe like blazer.
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brian, what do you make of these fashion? [laughter] brian: well, i'm reading the story and i'm seeing long john's and flannels. i'm thinking we have been doing this for minnesota for years. i'm way ahead of the curve on this year's fashion. first time ever. all this slouchy lounge wear and when we get out, i want to dress like being outside matters again. i want to forget about the couch for a little while. i guess i'm out of the fashion trend but i kind of hope we go back to something like a little more formal, little more like life is resuming again. dagen: i expect to see you in a top hat and a cape. [laughter] brian: as long as you buy it for me, i will wear it. dagen: all right. dogs are man's best friend but
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women's are dog's best friend. aka giving your pet a name and allowing them to sleep on furniture. dogs who have strong relationship with women are more likely involved in family life and treated as objects of affection. heather, you have a dog, what do you think? heather: right, i know that you're a big dog fan, dagen, i know your dog is your best friend as is in mine. everyone knows that i have a black lab and sticks her head out the window. everyone comments everywhere i go. i do think there's truth to the study. look, in general women are more nurturing but i don't think you have to -- go ahead. maria: that's dusty, that's maria and her rescue. heather: i see her. dagen: we don't get to see dusty often but if you listen really closely at the ended of a show you might hear her barking
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because she knows when -- when the 3 hours is over and you hear dusty speaking up to momma. we miss maria. momma maria. the president's first full week. it all start next hour on mornings with maria live on fox business. ♪ . . .
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sfx: [sounds of everyday life events, seen and heard in reverse] ♪♪ ♪♪
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♪♪ ♪♪ sfx: [sounds of fedex planes and vehicles engines] ♪♪ sfx: [sounds of children laughing and running, life moving forward] (naj) at fisher investments, we do things differently and other money managers don't understand why. sfx: [sounds of children laughing and running, (money manager) because our way works great for us! (naj) but not for your clients. that's why we're a fiduciary, obligated to put clients first.
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(money manager) so, what do you provide? cookie cutter portfolios? (naj) nope, we tailor portfolios to our client's needs. (money manager) but you do sell investments that earn you high commissions, right? (naj) we don't have those. (money manager) so what's in it for you? (naj) our fees are structured so we do better when you do better. at fisher investments we're clearly different. dagen: good morning, i'm dagen mcdowell, in for maria bartiromo. it is tuesday, january 26th. your top stories at 7:00 a.m. eastern. earnings season kicking into high gear, we hear from dow component 3m and johnson & johnson, last hour. we're standing by for verizon and american express. 13 dow components report this week, all the numbers as soon as they hit the tape. futures are looking like this, we have a gain on the dow futures, again, johnson & johnson helping to the plus side there.
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nasdaq is lower. this comes off a record setting day for the nasdaq and s&p 500, but the dow edging lower on the day. going to trial again, one article of impeachment against former president trump delivered from the house to the senate last night. meantime, the biden administration taking shape. janet yellen confirmed as treasury secretary as the president looks to sign executive orders on racial equity today. we look at what the biden administration's policies mean for you, hear from north dakota senator kevin cramer, michigan congresswoman debbie dingell and former mississippi governor, hailey barber. super bowl shutout, more brands say they're sitting out of this year's broadcast, what's the reason ahead. and oh, natural, why women are opting to leave the makeup in the drawer. it's making a buzz this morning. "mornings with maria" live right now. european markets are looking
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like this, investors watching for fallout between the eu and astrazeneca over its vaccine being less effective for those over 65, growing supply issues. we have green across the board. the biggest gainer in europe is the dax in germany, up nearly 2%. in asia overnight, it is red across the board, all four major markets to the downside. veer rye p son earnings just -- verizon earnings just hitting the tape. cheryl casone has the numbers. cheryl: i want to get to the numbers. the estimate, i want to say it's actually a double beat for earnings per share and for revenue. the estimate was a buck 17 for the earnings per share. they came in at $1.21. the estimate for revenue, $34.43 billion, they came in at 34.7 billion right now. they're talking about post paid consumer additions in the fourth quarter. about 357,000, that's the number. those of course -- it's about subscribers, about who has a verizon wireless phone, who is actually using their internet service, broad band, et cetera.
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they're giving us the total retail post paid churn, 0.96%, that's consumer post pay churn. that's kind of a key indicator as far as the wireless customers. we'll continue to go through these numbers. stock is up about 22%. this is a dow component. i have other top stories i want to get to at the top of the hour right now. president joe biden signing another flurry of executive orders today. today's theme will be racial equity. there will be more coming the rest of the week. the executive orders focus today on improving prison conditions and promoting equality in housing. president biden expected to establish a policing commission and reinstate obama era rules on the transfer of military style equipment to local law enforcement. this is after he signed buy american, that order was yesterday. it supports american manufacturing and jobs. well, impeachment 2.0, house managers delivering one article of impeachment against former
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president trump to the senate last night. they are accusing him of inciting the capitol hill riot on january 6th. senator patrick lehi set to preside over the trial following chief justice roberts' decision not to participate. covid cases could be on the decline. that's according to a new tally from reuters showing u.s. cases dropping upwards of 21% week to week. last week, 1.2 million cases were reported compared to 1.5 million the week prior. as for the covid relief package, president biden says he's open to negotiating the terms of his proposed $1,400 covid stimulus checks, a nod to what lawmakers say should be targeted to low income families across the country. one persons is dead, five others injured after a chaotic scene in portland, oregon. a driver accused of hitting several pedestrians on the sidewalk after swerving and hitting multiple cars over several city blocks. the driver tried to run away in the aftermath but was held until
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police showed up. portland mayor ted wheeler said he was forced to pepper spray a man who was harassing him after dinner. he claims the man violated his personal space while walk him to his car. he said he warned him but had to act when the man refused to stop. those are some of your headlines. back to you. dagen: thank you so much, cheryl. time for the word on wall street, top investors watching your money this week. joining me now the gartman letter editor and publisher, dennis gartman, ryan payne and iht wealth management president, steve dudash. futures are looking like this, we have a pretty decent gain on the dow futures with the earnings coming out, particularly j&j. s&p futures up as well. investors are waiting and watching for a busy week in earnings, four dow components reporting this morning. microsoft, apple, facebook and
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tesla all hitting the tape this week. ryan, what are you watching right here, right now? >> well, i think first off we should expect more of the same. right, earnings beats, based on what analysts have predicted. i always joke analysts make for churr tellers look -- fortune tellers look good. this is q4 earnings. it's not going to be great. we're looking at earnings being down somewhere around 5%. it really comes down to better than fears i would say than better than expected when it comes to earnings this quarter. you mentioned what i think drives everything right now and that's big tech, you have microsoft, tesla, you have apple, you have facebook all reporting in the next two days. and if you think about those stocks right now, they really drive all of the return in the s&p 500. i talked a lot about this. what's really interesting right now is there's so much speculation around those stocks. and if you look at option contracts they have like a half a trillion trade in one day in january, which is the most ever
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which just speaks to all the speculation in the market right now. there's a lot of option ofs being traded against these positions and a lot of times when you're this bullish like you're seeing right now on these types of stocks, they tend to disappoint how these stocks actually trade. it's going to be interesting to see how they play out. i think the expectations are going to be beat, but they're going to beat expectations but i think the stocks may not trade that great here because there's so much money betting on those stocks right now and i think that's going to be a continued problem as a lot of these small r investors -- smaller investors are in the market, playing the market like a casino. it will be interesting to see how that plays out over the course of if next couple monday. dagen: we're hitting record after record. it's more than just stocks, why? >> there's so much, as ryan just said, the amount of speculation that exists in the market is astonishing. it's like something i have not seen in my 45 years of being in the markets. you have spacs, i call it a
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spectacular circumstance, spacs are coming to the market, like what happened during the south sea bubble when stocks were coming without people knowing what the market -- what the company involved was going to be able to do. the options trades that are going on are just extraordinary, the use of margin is extraordinary. the buffet ratio of stock prices to gdp is at all-time highs. the cnn fear and greed index is at all-time highs and turning down. the level of speculation in the stock market is unlike anything i have seen. and i think you have to be very careful. it's still a bull market. a year, two years, three years, four years from now stock prices will be higher. where will stocks be six months from now? i suspect and i fear probably quite a good deal lower. dagen: steven, let's talk about game stop's wild ride. the video game retailer, this kind of goes to some of what dennis was talking about broadly speaking, the video game retailer jumping to new records yesterday fueled by investors on
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reddit encouraging each other to back the stock as short sellers covered their position. to cover it, you have to buy it back. shares more than doubled at one point, finishing the day up 18%. this is kind of -- it involves robin hood, reddit, and other, say, chat rooms about stocks. what do you make of this? >> and i know a lot of other people have talked about it but i want to make sure your viewers really understand what's going on. you just touched on it. you've got people getting together. it's modern day pump and dump is all it is. people getting together saying we're going to gang up on the stock because it's got a lot of short sellers. short sellers have to cover. it pushes the price up. more people jump in. market maker has to cover it, pushes it up more. the market maker is out of shares, he has to buy more. it cycles and sigh cesms it's fake. there's no fundamentals behind it, zero fundamentals behind it on any level whatsoever.
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people are going to get burned. you saw it with kodak. up 400%, dying business, dying industry, up 400%. game stop, unless you think people are going to buy physical games again and need a place to return it, there's nothing to it. go buy blockbuster stock if you believe in that business mo of del. the thing is, people are going to get burned. the ones i'm talking to, the people who buy the s&p 500, they say i'm diversified, growth index. the problem is, they all invest in the same thing. it's all concentrated on just a few speculative things that are driven up by a lot of options and some fake things going on and they're going to get burned. and that's what bothers me. that's why i'm fired up about this. because people -- those passive investors are the ones that are going to get burned on it, not the reddit ones.
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if you're investing, know what you're investing in. if you want to do this other stuff, go to the casino. dagen: there's another way to look at this, that's little guys taking on the big guys and the institutions. there was a story that was written in the national review that said this. i think that the reddit short squeeze play is a public service overall. if your institution is shorting a stock so much that a few dudes with tiny accounts can make you pay out millions in gains, you and your institutions are idiots, not them. >> the money goes to the dudes. >> do you really think had that game stop is worth 10 times what it was worth a few weeks ago? do you really think that business model -- does anyone think that business model sustainings or is this a short-term gain? dagen: i'm not advocating this. >> think of the '80s when people were doing the pump and dumps, a few dudes on the phone
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pushing up stocks. now they have the same dudes, they have a different medium, they're sitting in reddit or whatever chat room and talking about the same stuff. doesn't make it make sense. dagen: i'll give ryan the final word on this. i think ryan and dennis see what i'm talking about. it's a little comeuppance. ism not advocating it. >> i think that is kind of cool. you've got to remember, the younger generation, which i think it's cool they've gotten into the market that, don't know what the tech wreck looks like, they don't know the other side of it like a lot of us went through. when the markets sell off it ain't pretty. i was talking to a young guy the other day, he was showing me game stop, amazon, he said if you own the right stocks even if the market goes down, you're protected. i was like oh, man, he's going to learn a tough lesson at some point. dagen: i was working for the very first online only financial
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publication, the, during the first bubble. dennis, final word to you. >> when this ends, it will not be pretty. this will bring tears, no question. the pub lick's going to get -- public's going to get hurt. the fact that you got hedge funds get hurt with game stop the last couple days it's a normal circumstance. it's bordering upon the absurd. good win by wake forest the other day, good luck against my beloved nc state, however. dagen: i will be watching, so will my father. he routes for the cavaliers -- roots for the cavaliers, the university of virginia. dennis, ryan, steve, a pleasure, gentlemen. thank you for being here this morning. much more ahead. up next, former whitewater independent counsel robert ray talks president trump's upcoming impeachment trial. north dakota senator kevin cramer talks about president biden executive orders.
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next hour, debbie dingell is here to talk about the political fallout over impeachment. then, former mississippi governor hailey barber is here to talk future of the republican party. and joining the conversation all morning long, brian brenberg and heather zimaraga. you are watching "mornings with maria" live on fox business.
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dagen: impeachment round two, house managers delivering one article of impeachment against former president trump to the senate last night. the article alleges he incited the capitol hill riot on januar. this becomes the first time in history that articles of impeachment were drawn for a former president. joining me now, former whitewater independent counsel, former federal prosecutor, zikmer eelman and crouse partner, robert ray. is this even constitutional, this trial? >> i think the evidence goes both ways on it.
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the wall street journal i think in an editorial indicated they published from both sides of this issue about whether or not it's constitutional. i think the one thing we can say for certain, it's been tried before in connection, though, with a cabinet secretary in the grant administration. it was unsuccessful. it was a trial that occurred after the person involved had left office. the second thing we can say is, without doubt, the principal purpose of impeachment is removal from office and obviously that is an academic or moot point. so we're proceeding on a partisan basis to potentially a trial in the united states senate where we pretty much know where the democrats are coming out on this and a it will be up to 17 republican senators to decide whether or not there's a super majority to result in a
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conviction. the only purpose of which is so that the democrats can remove donald trump as a candidate for president in 2024, which seems like a pretty weak basis to put the country through this. president biden's had an town opportunity to say stop but he seems to want to allow the senate to go forward even though he's already recognized that conviction is, in his view, unlikely. so i don't -- again, i don't know what the -- why we're doing this but this seems to be where the democrats are taking us now for the second time. dagen: brian brenberg, get in here. brian: robert, we've heard senator schumer say he expects this to be a quick trial but he says it will be fair. i'm thinking if it's a fair trial then how do we know the timing of it? wouldn't a fair trial go as long as it had to go? so i want to know what are you looking at to see whether this
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truly is a fair trial or it is really just a quick summary show without any real due process. >> if they attempt to go down that road, which is what will look an awful lot like a show trial, obviously it gives the former president and his defenders a whole lot of ammunition to say, you know, look, this is completely ridiculous and once again a partisan effort that began before president trump even took office and has continued up through and including after he left office on january 20th. and senator schumer can say that all he wants but the president has rights and has defenses including the right to make a motion to dismiss and even if it's denied, i think he may well be advised by his lawyers to pursue legal action before the courts, before this thing ever gets to trial. so i don't think anybody
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necessarily has any one senator or even the majority leader of the senate has control over exactly how long this process will take. dagen: before we go, really quickly, robert, what does this mean for the future of the treatment of presidents and the use my word abuse of the impeachment process. >> i think a lot of people are coming to the conclusion, not just republicans, that this cheapens impeachment. i mean, i seriously question whether or not really in the future this is good for the presidency and more importantly the best interest of the united states. and i wonder whether or not there may need to be as a result of this most recent experience, if things don't change, a constitutional amendment to deal with raising the bar higher in the house of representatives before you can proceed forward to impeachment that will necessarily call for a trial. i mean, right now, all it takes is a simple majority and maybe that threshold needs to be
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increased to 60%. some kind of a super majority. maybe not two-thirds. because that's reserved for the senate at trial. but i don't think that it's healthy for this country in connection with a presidency to allow one party to do such damage to the institution of the presidency. dagen: thank you, robert. robert ray. we'll be right back. at t-mobile, we have a plan built just for customers 55 and up. saving 50% vs. other carriers with 2 unlimited lines for less than $30 each. call 1-800-t-mobile or go to no one likes to choose between safe or sporty. modern or reliable. we want both - we want a hybrid.
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bud light, michelob ultra brands. brian, do you think this is the right decision for budweiser, right decision by anheuser-busch. brian: i'm reading about the decision process here, i'm hearing you don't want to be too light with the commercial, it's become this huge he'll motion ee that you have to thread. i'm sitting here thinking why are commercials such a big emotional thing. like it's beer. it's just a beer commercial. i think why would you want to have to go through all that when you're selling beer, just advertise somewhere else. the super bowl has become so threaded with emotion in advertising that it's a no-win situation. so i don't plame companies for throwing up their -- blame companies for throwing up their hands and saying i'm out. dagen: i think this year the expectation for a 30 second spot, heather, is five and-a-half million dollars, it's slightly lower than it was a year ago but, still, 30 seconds, you better make it work and here's just a shot of what the
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vaccination effort looks like. heather: five and-a-half million dollars for a 30 second spot. i think a lot of these companies have been deeply hurt by covid and taken a hit to their bottom line and the profitability. i guess beer is still doing okay because you're all drinking at home if you're quarantined. hopefully you're not drinking when you're sick. i'll miss the clydesdales, i like them. i don't know that i'll miss the what's app commercial, or what's up. i'm not going to say it. i'll leave that to you and brian. i think a lot of these companies don't want to spend the money on a 30 second commercial right now because they don't have it. dagen: very well said. coming up, the president's first full week, north dakota senator kevin cramer is here to talk president biden's executive orders of and the fate of american energy. that is next. the streaming wars, nbc's peacock as a new contender to the ring, as it battles for content.
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cheryl: welcome back. i'm cheryl casone many some stories we're following this morning. italian prime minister has resigned, this move is seen as a way for the embattled leader to get a freshman date from the president and forge a more viable coalition. he lost the absolute majority last week. a junior partner quit over the government's handling of the coronavirus pandemic and economic turmoil. ubs crushing expectations, reporting a net income of $1.71 billion in the fourth quarter, that is a 137% jump from last year. the bank also announcing plans to buy back about 4.5 billion worth of shares over the next three years. these results are the first under new ceo ralph hamber who took over of november 1. ups making a different turn, company selling its freight trucking operation to tfi international for $800 million. this allows ups to pay off some long-term debt and focus on its
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small package shipping operations which have seen a surge during the pandemic. and delta air lines set to bring back 400 full-time pilots by this summer. a new memo from the airline cites help from the federal payroll support program and available training capacity, beginning in march and april. it is also banking on increased travel demand as vaccinations roll out across the country and the world. taking a look at delta, stock is up about 1%, dagen, in the premarket. those are some of your headlines from the newsroom. back to you. dagen: thank you so much, cheryl. executive orders in focus, president biden expected to sign more executive orders today, dealing with issues of equity including police reform and public housing. tomorrow, the focus turns to climate change. the president expected to sign an order directing agencies to determine the expansiveness of banning oil and gas leases on federal land. joining me now, north dakota senator, senate armed services and budget committee member,
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senator kevin cramer. senator, what are the concerns for you and your state over this administration's actions on energy? >> well, good morning, dagen. a lot of the issues you just mentioned, of course, is the ban on drilling on federal lands and the study of drilling on federal lands. north dakota, one of the reasons north dakota is second in the country only to texas in oil production is because we don't have a lot of federal lands. but there's still a fair bit of drilling in the heart of the bakken and it will have a major impact on the ability to be energy secure, to create those good middle class american jobs, to be less dependent on foreign oil. so it's a big deal to say the least and then you have things like the executive order on keystone xl pipeline or the removal of presidential permit. that means we're going to be more dependent on foreign oil of, foreign oil from some place other of than canada.
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it will have an impact on our relationship with our closest neighbor and biggest trading partner in canada and by the way, ironically today as you mentioned he's going to focus his executive orders on equity or equality and economic equality. there is no group of people more negatively impacted by higher energy costs and lower -- fewer energy jobs than the middle class and lower income americans. so it's very ironic with this president that wants to be a jobs creator and wants equality, would start out by attacking an industry that provides lots of opportunity for every american. dagen: canceling the keystone pipeline, the unions were upset. it cost by some estimates 10,000 union jobs, high paying blue collar jobs. and the cost for workers and others are numerous. so as a senator, what can you do
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to stop this? these are all moves for left wing climate change activists. and literally with the keystone being canceled, the biden administration has turned its back on the unions. so as a senator, what can you do to stop or reverse some of this move to damage our energy independence and damage our role as the biggest producer in the world? >> it's interesting, dagen. i was actually a regulator when the original keystone pipeline went through north dakota and i carried the portfolio that permitted every inch of that pipeline. as a senator, you are somewhat limited. when i was in the house and in the image majority, i carried and passed the keystone permitting bill during the obama administration. it couldn't get passed in the senate. i would think that something similar here could happen but i doubt we could ever pass something that would override the president. the one thing i intend to do,
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part of why i voted against janet yellen's confirmation last night, we have the opportunity through our advise and consent rule with people that are nominated for confirmation to challenge the issues of energy security, energy development, job creation, tax policy, regulatory policy. we have to hold them to account and not just roll over like a lot of republicans frankly are in supporting joe biden's nominees that are anti-energy, anti-jobs. dagen: did you get that with janet yellen? >> she is interested in raising taxes on everything. she's a climate activist. she wants to raise taxes on people, middle class americans, all of these things are bad for our economy and they're certainly bad for energy development in our country. dagen: well, it will hurt -- if you look at just the short-term, the 60 day freeze on new leases,
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drilling leases on federal land, more to come. again, we were talk about the study of that. it will hurt not just red states. but if you look at new mexico, federal land accounts for most of the oil production and natural gas in that state. and 20% of mexico's budget comes from mineral royalties that are shared by the federal government with the states. so this is not -- this is -- if there is financial damage to these blue states even, then you might have a pushback against what the administration is doing. >> well, so there are a number of states. new mexico is chief among them, of course, which is a large federal land state as you said, has a lot of oil and gas opportunity and potential and activity and now you have new mexico democrats up in arms over or at least challenging the president's decision to do this. well, they should have been a little more active and certainly the voters could have been more
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active prior to electing another democratic senator from new mexico. but there is hope when you have that kind of a pushback. you also have people like joe manchin who comes from not so much an oil state but gas and certainly coal in west virginia. you know, there needs to be a bipartisan effort to at least sound the warning alarms. remember this too. this president wants to spend a lot of money. taking revenue away from the federal government certainly is manifest in stopping drilling on federal lands. those are federal resources. those resources generate revenue that will otherwise have to be filled either by borrowing or other tax increases, other places, on top of that in the case, again, going back to janet yellen, she advocates for a $40 a ton carbon tax. that raises the cost of everything that we produce, everything we develop, everything we grow, everything we manufacture in this country. and it starts with a 40 of
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dollars a ton tax on energy development. dagen: i want to move on to impeachment, round two. for the first time in american history an article of impeachment of a former president was submitted from the house to the senate last night. article alleges that president trump incited the january 6th riot on capitol hill in order to be convicted, 17 republican senators would have to vote in favor of impeachment. senator, where do the republicans stand right now on that? >> well, i doubt there are seven, quite honestly. i'm certain there aren't 17, at least not today. i don't know how there could be because two things. one, as you know, the constitutionality of even doing this with a former president, not a sitting president, is questionable to say the least. but even if it is, and of course the senate governs itself so we'll make that decision with a majority and no doubt that means we'll move forward but after that, the president's own words, the very transcript of his speech, is clear that there was not at least a criminal level of
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incitement that i can see anyway. the president suggested, told these people go and protest peacefully and patriotically. they're translating that into violently and somehow giving him the liability or laying the liability on him. i don't think his words were very good. i think it was wrong. i think it was too much. i think there was some problems with his speech. but i don't think you can lay the blame. and i certainly don't lay the specific blame for the actions of people, criminals, frankly, with him. so it's certainly counter to any desire by the sitting president to encourage unity in this country. dagen: well, speaking of that, just before we go, senate minority leader mitch mcconnell moved to drop his request for democrats to keep the senate filibuster in place. he previously wanted it to stay in exchange for negotiating the reallocation of power in the senate but senator, do you think the filibuster does stay in
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place? i think senator cinema has come out in favor of keeping it there, also senator joe manchin. will it stay? >> senator sinema has been emphatic about it. joe has been a little less so. i personally think as long as the democrats are in control, as long as chuck shy you her is the majority -- schumer is the majority leader, he'll use the threat of it as effectively as if it was already removed because it will always be a blunt instrument for negotiating with the minority. so for all practical purposes, even though he doesn't get rid of the filibuster, the threat of getting rid of it -- they know they'll exercise that threat. that's how this began with harry reid, the late stages of a term in the senate when he changed it as related to appellate judges. so i think the filibuster will remain in place but it will always be on the table for discussion which means the threat of it serves almost an equal purpose of having have it
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repealed. dagen: harry reid moved first. that's how president trump got three supreme court justices confirmed in just one term. so there are consequences. >> that's exactly right. dagen: hope the democrats remember that. >> that's exactly right and mitch mcconnell who i like to refer to as the wizard of washington made sure that donald trump had three nominees to the supreme court, rather than just one which he would have had under almost any other leader. dagen: senator kevin cramer, great to see you, sir. the streaming wars, we dive into the latest move from nbc's peacock as it battles for content. plus, ice cream for breck a bre? that should not be a question mark. that should be an exclamation point. the new everything bagel flavored treat grossing out the internet and making a business this morning. don't forget to catch maria bartiromo tonight on the fox news channel. she'll be hosting fox news prime time at 7:00 p.m. eastern,
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that's all week long. you don't want to miss it. you're watching "mornings with maria" live on fox business. ♪ ♪ ♪ ♪ (quiet piano music) ♪ ♪ comfort in the extreme.
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dagen: the streaming wars, nbc universal's peacock announcing an exclusive agreement to stream events from the wwe network in the u.s., this comes as platforms from disney to at&t's warner media compete for content to draw in viewers. joining me now, cfra research media and entertainment analyst
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tuna amobe. will monthly streaming prices go up as a result of this. >> good morning. thanks for having me today. i think the way we look at it is that the content wars has really elevated the price proposition for the streaming platforms. so while you see a lot of these new entrants trying to undercut the pricing of the established competitors, what's happening is that the more content that you add, the more that the consumer will be willing to pay for that. and keep in mind that the average consumer is still subscribing to about at least three streaming platforms. so there's a fair amount of price sensitivity out there which gets even more dire, the more the number of platforms continues to increase, especially in this pandemic time. dagen: right. heather, jump in. heather: hey, tuna.
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covid obviously has accelerated the trend away from traditional media companies and cable companies, push and providing tailwinds for those streaming services, like netflix, like disney, like a hulu. do you think that trend will reverse, though, as more of us become vaccinated and hopefully covid is no longer an issue you? >> you know, heather, i think it's a great question. i think what covid has done is accelerate the secular trends that we've actually been calling the past few years. so as more and more consumers continue to cut the cord and drop the traditional linear television, you're seeing the tailwind translating to gains for the streaming platforms and the lockdown has accelerated those trends. we think some of those trends will be lasting, not to say there is not some pull-forward of demand as a result of that but i think when the dust
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settles, you'll find that the runway for streaming platforms has been significantly expanded by the pandemic and what's happening is a lot of traditional media companies are now reassessing the value of their linear television networks and trying to recalibrate with a focal point towards investment in content, in streaming content going forward. dagen: really quickly, nbc sports, the network known for nhl and nascar will shut down the end of the year and move the content to the usa network and peacock. how is this going to impact viewers? >> well, i think it's all part of the scheme of trying to follow the money, follow the audience. what nbc has recognized is that the old model doesn't work anymore with nbc sports falling behind in ratings to espn and fox sports and now peacock comes along, i think it makes sense for them to try to increase the
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value proposition of their peacock network, streaming platform, with differentiation in sports and live events and that's pretty much the playbook a lot of these competitors are following, given the products that we see out there. dagen: tuna, great to see you this morning or speak with you, rather. more time next time. >> thank you so much. dagen: always a pleasure. the changing face of beauty, lockdowns impacting the way women get ready in the morning. it's making a buzz this morning. that's next. stay with us. ♪ when you're ready, come and get it. ♪ when you're ready, come and get it. ♪
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dagen: it's time for the morning buzz. first up, no makeup, no heels, no shaving, no problem. more women are saying good-bye to prepandemic beauty routines, many report they're enjoying a relaxed outlook on appearances while spending less money on beauty products. glad we included the shaving thing. heather, are you tossing the heels to the side? heather: yeah, i will still shave, i will always wear makeup on tv, no matter what. you want me to. look, i don't think it's that women look different during the pandemic. i think it's that our responsibilities have changed. if you do work from home and you're not on a zoom call, no one sees you, if you have to take care of kids because of school closures in chicago, your home responsibilities have increased. no, sir just working a full-time job. if you can save yourself the pain of wearing some heels, full disclosure, i'm in jeans and sneakers right now, then go ahead. i think you do that during the
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pandemic and once we get past it you put back on, if you're a man, your three-piece suit, your cane and top hat if you're brian and i'll put back on my heels. dagen: this is a confession. everybody has one nightmare, recurring nightmare that they always have like being late for your final exams or something like that in college. mine is showing up at work and having to go on television with no makeup on. yes. this whole face is pretty much just painted on. like mrs. potato head. heather: you look beautiful. dagen: thank you, i appreciate that. as do you. so can anything be made into an ice cream? the answer is yes. jenny's is rolling out an everything bagle ice cream, it features sesame seeds, pop of by
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poppyseeds, onion and garlic. you can pick up a pint in stores now. brian, is everything good. brian: first of all, ice cream for breakfast, yes. it's tasty frozen milk. secondly, this sounds completely retched. onions and garlic on your ice cream? terrible. i'm an open minded guy, if somebody brought me a bowl, i would be willing to eat it. dagen: it still tastes like ice cream, even when it has weird stuff in it. at the end of it, it still kind of sort of tastes like ice cream. not the best ice cream. i think jenny's by the way is what nancy pelosi stocks in her freezer. it costs you a pretty penny. i'll just point that out. brian: she can try out the everything bagel, then. she can be the first one. dagen: she can buy us all a pint. brian: right. dagen: still ahead, impeachment 2.0 of, michigan congresswoman debbie dingell is here to talk about the political fallout over another upcoming trial.
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it all starts next hour on "mornings with maria," live on fox business. ♪ you got plans tonight. ♪ i'm a couple hundred miles from japan tonight. ♪ i was thinking i could fly tour hotel tonight. ♪ .
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dagen: good morning i am dagen mcdowell for maria bartiromo. tuesday, january 26th top stories at 8:00 a.m. eastern. >> earnings season kicking into high gear dow component 3m johnson & johnson xhern express beats top and bottoms 13 components in total reporting futures ahead of the opening we have 85-point gain on dow futures, s&p futures to the plus side as well slight loss, on nasdaq 100 futures. but those blue chips, and earnings powering the dow higher off a record-setting day for nasdaq s&p, the dow
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yesterday edging lower. going to trial. again. will the one article of impeachment against are former president trump delivered from the house, to the senate last night. meantime, the biden administration taking shape, janet yellen confirmed as treasury secretary as president looks to sign executive orders on racial equity today. >> hollywood cutting the line many say the elites are using power influencer to get covid vaccines. the backlash ahead. and memories recovered a sunken camera lost for years makes its way to its owner making a buzz this morning, "mornings with maria" live, right now. is if. dagen: european markets are to the plus side, we have big gains in germany and even in france today the dax bigger winner gaining 2% investors watching for fallout between eu and astrazeneca over vaccine less effective for
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those over 65. plus growing supply issues. in asia overnight receipt across the board losses on all four major markets, there the biggest loser hang seng down more than 2 1/2%, now top stories this morning, president joe biden signing another flurry of executive orders cheryl casone has more. cheryl: expect this all week dagen, good morning again. president joe biden signing again another flurry of executive orders today in the middle of the week racial equity equity this will focus on improving prison conditions promote he equality no their housing presidentb to establish a policing commission reinstate obama era rules on transfer military style equipment to you law enforcement after signing buy american order yesterdays supports american manufacturing and jobs. impeachment 2.0, house managers delivering one article of impeachment begins
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president trump to senate last night cruising him inciting cap rite, patrick highly to preside over the trial following chief justice statistician not to participate. >> covid cases on decline u.s. cases dropping upwards 21% week-to-week last week 1.2 million cases reported compared to 1.5 million the we can prior, meanwhile, eli lilly says a late case phase trial shows reduced risk of death hospitalizations by 70% can be achieved with treatment with combination of two of its drugs premarket action on gi. ereron study shows reduction in about infections good week. >> one person, is dead five injuries after a china in portland oregon a driver accused of hitting several
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pedestrians on sidewalk swerving high speeds hitting multiple cars over several city blocks driver tried to run away in the aftermath until police riverside he is in custody this morning. wheeler saying forced to pepper spray a man harassing him after dinner claims man violated permanent space with camera as he walked with car accusing him not wearing mask at dinner, warned him had to act the man refused to stop. some headlines back to you. dagen: thank you impeachment round two, for the first time in american history, an article of impeachment, of a former president, was submitted from the house to the senate last night, it alleging that president trump inciting january rite on capitol hill chuck schumer speaking out at any the senate floor yesterday. >> the theory that senate can't try former officials would amount to a constitutional get the out of jail free card for any
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president, who commits an impeachable offense let me be very clear this is not going to fly, trial is going to happen. it is certain, clearly constitutionala if former president is convicted there will be a vote to disqualitative him from future office 17 republican senators would have to vote in favor of impeachment joining me michigan a congresswoman house emergency commerce committee member democratic policy communications committee co-chair debbie diningem also back with me all morning, brian brenberg, and heaviest zumarraga, are you concerned this impeachment trial gets in the way of doing the senate business to help all americans? particularly those hardest hit by covid the covid shutdown. >> good morning goods to be with you, i have a lot of different concerns do i
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believe we have to -- much accountable for dwook on capitol january, someone in capital on the floor heard gunshot never realized how serious until i later saw videos and clips, i am concerned, about the manner in which it happened that we did not -- division in this country, we do have to find ways to come together, president biden needs to get this in place, number of cries challenges the country is facing, requires leadership to be in all positions, we need national covid strategy for a year that we haven't had that needs to move forward as well, i heard senator schumer last night talk about trial next week want to start -- many cabinet nominations done will work on covered, covid-19 to follow we have to do it all. dagen: congresswoman there
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was a strategy there have been trillions of dollars, allocated and spent by congress, on covid relief, starting last spring. and more than anything, there was a vaccine, vaccines plural. that -- it was one of the greatest public/private partnerships that you a will ever see. potentially, in the history of the united states. and so there was a strategy. , quite frankly, thank you failures have been at state and local level, the federal government, quite frankly, doesn't have much control over. >> i wouldn't expect -- do i believe that the fact we have vaccines something we should all celebrate that is something we should acknowledge that process was started, but we need the production we don't have enough vaccine any city, state across the country the way that covid was handled, i talked to governors all the
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game whitner, i talked to numerous other ones in uta -- there was no national strategy, we didn't know when he might help you with national guard with national guard there were bidding gains each other for ppe equipment, a disaster. so, we need a national strategy to help states, by the way, local governments are desperate for financial help we have not been willing to give them any too that is everything from the frontline workers, the police, the teachers, we need -- there is a whole lot of things that need to happen right now they need us working together. dagen: brian brenberg i'm going to bring you in there is an issue with -- president biden 130 billion dollars additional money 130 billion dollars additionals money to reopen schools with no requirement they do so you see what is going on in chicago.
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with the teachers union. brian: exactly i was going to reference the chicago issue, you know, when you have the president calling for this money, but people are watching, a major city in the united states, and its teachers, teachers union unwilling to go back, and do what money is to enable seem scratch their heads say what are we paying for here? congresswoman that is the issue with this latest relief or stimulus bill, is there are some things in there a lot of people can agree about there are just some issues that you know create a huge divide including the minimum wage increase small business look at that say you hand me money to survive raise payroll cost beyond what is sustainable can we go ahead to bill that lease out divisive things gets money we need to get things reopen again and help people? >> we have to get the bill --
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they need teachers i want you to look at who the glue has been keeping this country together since shutdown mode from covid it was people we didn't see -- enough paying 15 dollars an hour everybody else had place to go, but it was those people, that kept the lines the grocery stores open kept them stocked, drivers delivering i think we need to look at value of a human life in the people that are working, and pay them for their sweat they are giving us. dagen: you don't think -- >> -- they are worth it way that they are working they are owed from us kept society going. dagen: welcome, just this week, target announced going to pay bonus -- another round of bonuses to employees. but on the reverse of that, as president biden talked about a
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national 15 dollar minimum wage that is -- not lacing wage in new york city, necessarily. but if you implement that a in southern states, with much lower costs of living lay that on restaurants that barely survived the shutdown, they will he never come back congresswoman that is us just issue -- not the issue that we -- people don't -- employs but i am saying that laying on a 15 dollar national minimum wage, it is -- it is incredibly financially burdensome to businesses, in many states, where the cost of living is just not that high. >> what we have a restaurant bill introduced it i was part to give the bill last year we need the restaurant owners help in supporting that, we got to look at -- wages it is
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complicated but there are a lot of people -- we've got to pay -- schools -- it is not as -- we do have to have school -- my -- secretary of state segment going in, we don't even have information for young women to take vaccine not take a vaccine, and they love kids don't want to let them down, we are going to have to have further more details, canceled discussions with people that no what they are talking about, cases in the science field we need facts, that will determine how is the state to open schools keep teachers and students and families safe. dagen: i can tell you with children kids seldomly contract covid-19 virus there
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are cases not considered major spreaders i want to move to this republicans on house oversight committee say any investigation into parler's role in january 6th riots parler shut down by amazon, apple google should include twitter and fake lawmakers criticize big tech companies profiting off if riot are you onboard with that oversight committee chaired by carolyn maloney. >> i have had problems with facebook and twitter for some time. so, i think we have to take a very serious look at all of social media. i believe in free speech i think people should have free speech but -- the lives the hatred i have spent a number of alerts to states, to -- this lawlessness, quite frankly, virus didn't come out a number of things including -- i think this is is a very
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serious -- we have to take a look at how do you balance freedom of speech with seem positives protections privacy protection it is compliktdz can't be ignored. dagen: just going after parler looks like targeting of conservatives, quite frankly, and also weaponizing views power on that committee we know that more of that of the -- the rioting organized on facebook and youtube, not parler parler a conservative sharing views got shut down facebook youtube -- >> all of it -- look i have seen my own i have seen on facebook, twitter on other things much more personal to me we need to look at all of them what is okay. what is not okay how do you protect very fundamental
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pillar of our constitutional free speech, but how do you keep it from being manipulated as a tool of violence and rhetoric. dagen: more time next time congresswoman debbie dingell great to see you be well be safe. >> thank you. we'll be right back. ♪ write your next adventure. handwriting recognition and the audi q3. lease or purchase a new audi suv and have your first month's payment covered. what day is it?
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dagen: look at markets, the futures are look being like this mixed picture 53-point gain dow futures s&p futures up as well. this is investors watching a busy week in earnings, 3m johnson & johnson, verizon american express reporting beats on top and bottom line big tech microsoft apple facebook tesla hit the tape this week joining me no i mobbious capital partners founder mark mobius what is most important this week in earnings reports? >> well i think the key is to look forward, at the end of the day, this year, is going to see an incredible gdp
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increase, around the world. and we are going to see that emerging markets u.s. dollar index you can see decline 12, 15% quite significant that means thats there is more money going into some other markets around the world whether it be china, india, other countries like that. particularly emerging markets, so i believe this year will have good earnings reports simply because the recovery will be greater than people imagined. >> heather jump in. heather: are you saying u.s. maybe over overhaul compared to emerging markets you look at levels you have a lot of people comparing second sector the 1991, before the tech bubble burst i don't know if you can draw comparisons or not. but are these earnings going to be good enough to justify the valuations? >> i think they will be
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remember it is not only earnings growth but also interest rates. if you've got zero or half a percent interest rate, reciprocal, i tell you 1% interest rate you can just a00 times price, so what we focus on now is not p/e not price to book, but return on capital, you of a i understand he that many companies have terrific return on capital means they can continue to grow. so it is all about growth and interest rates. and i believe this year will be good even in tech sector, however tech giants are going to get attacked twitter, by o censoring trump getting in trouble i by by legislature around the world the european union president said we should go after tech giants they could be in trouble. dagen: a europe has also a been great deal more aggressive cracking down on certainly even u.s.-based
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technology companies i always thought that mark interesting you brought it up with with angela merkel came out said she found it problematic, that president trump when he was still in office, was being sensored shut down by social media companies the fact she spoke out on it kind of suggested, where that was going for the tech giants. before we. >> day will i think more and more going forward you are going to see, more important voices, are saying that. dagen: so -- would you -- would you put money to work in these companies at this point? >> google facebook? even twitter. >> no, not a at this point, i wouldn't put any more money in those, i think apple might be a place to put some money, and, of course, i am interested, of course, being in emerging markets in those emerging market techs doing very well our focus has been more on hardware, and the -- the background to the tech in
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other words, if you see the terrific growth of cloud in more transistors chips where we are looking for growth. dagen: thank you mark great to see you mark mobius always a pleasure, we'll be right back.
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reportedly using status to advantage to get covid vaccines, some go through private physicians or concierge to skip to the front of line in california vaccines there the scarce state holds lowest immigration rate in the united states, although nothing is illegal is happening, some question the
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morality fairness behind it all brian what do you think. brian: kind of same group you always let electures from about evilness inequality problems you see them putting up 10,000 dollar bribes to get vaccine i read some posting trying to get on staff like nursing homes to jump the line and get these you see that sort of thing happening kind of say you know practice what you preach or quit preaching. dagen: exactly, i wonder if debma messing is going to make a video that sort of thing went wrong in trump administration in her mind here opinion was involved in some sort of celeb video -- condemning the president. so maybe she can condemn some fellow actors or actresses, entertainers, heather? heather: make it public put a list out there all not against
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the law it is definitely not ethical one beverly hills doctor said he was bribed 10,000 dollars not those that are famous celebrities, often people aren't famous trying to bring to get vaccine before others, make it public like those people, the big harvard endowments, the paycheck protection program loans that didn't need it put this out there, and then, it will come back to bite you in tend may be not if you needed it you have underlying health conditions but this is you can't justify it not ethical definitely not very in a healthy crisis pandemic. >> canadian casino mogul actress wife accused of jumping the line posing as hotel or motel workers to get vaccinated. so a little bit of a little bit of public shame goes along way, coming up president biden's record push of executive orders former
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i discovered my great aunt ruth signed up as a nursing cadet for world war ii. she was only 17. bring your family history to life like never before. get started for free at dagen: welcome back i am cheryl casone look at top stories making headlines 8:31 eastern time on the east coast -- for harvey weinstein sexually assaulted victims judge in the bankruptcy case approved 17-million-dollar settlement split between 40 accusers, will determine the severity of the claims how much each accuser will receive. >> carnival cruiseline canceling more trips voyages on three ships emergency paradise valor delayed until november, seasonal service out of san diego has been suspended until further notice, and cruises through
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april 2023 cancel look at stock in premarket up one and a quarter percent this stock lost about 60% value, over the last 12 months. of target is investing in 200 million dollars investment in associates, more than 375,000 employees to receive 500 dollar cash bonus for hard work during pandemic, directors executive team leaders will receive a bonus from 1,000 to 2,000 dollars, take a look at target premarket fractionally higher right now. coca-cola latest caffeine creation nationwide coca-cola with coffee available throughout united states today. drink infused with brazilian coffee blacker blends vanilla carmel zero calorie zero sugar versions dagen some headlines back to you. dagen: are a pleasure spending the money morning with you cheryl casone thank
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you so much executive order bonanza president biden signing more executive orders this week, today's dealing with issues of racial equity focus on o improving prison conditions, and promoting equality in housing. to recall's orders relate to climate change including a direction for agencies to determine the expansiveness of banning oil and gas leaving on federal land joining me now he former rnc chair former mississippi governor bgr group founding partner haley barbour. good to see you this morning. this is -- not even potentially, already what we've seen keystone xl pipeline killed rejoin paris climate accords short term moratorium new leases for drilling on federal land obviously, something bigger on the horizon. this next down our dominance on the world stage in terms of
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being the largest energy producer in the world. and also hurts us not just financially but geopolitically. >> it does. but look. no surprise here these are people that said they wanted to have a carbon free economy, and in a few years. i think oil industry may or may not have foreseen this i don't think they saw it this soon. or this drastic completely no drilling on federal lands, a temporary stop but i don't think anybody else watching this show thinks it itself going to stay temporary. >> what is going on behind the scenes, at this new administration is put together? where you have like climate activists going to work this this administration president biden can talk about unity the
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president for all americans all he wants but, ultimately, you have policies already being put in place which are a regressive tax, on the poorest americans, and people who can't afford it regardless of who they voted for. >> well, no question, that they're trying to stifle production of oil and gas and coal. is not only reminiscent of the obama administration, where they also always trying to do anything they could, by executive order so that congress didn't have to vote on it. we are seeing it now. and dagen as you alluded to, that is going to drive up the price of gasoline that is going to make people who have a hard time applying gasoline to go to work they are going to have a harder time the price is going to go up, thank you know he can't repeal the laws of supply and demand if
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you depresses the supply the demand is going to go up and the demand is going to drive prices up. dagen: and -- brian brenberg get in here, but you reduce our production here, you force the united states to rely on nations that hate us for supplies and you also give them more power because they control a larger share of global energy production, you are also killing high-paying jobs, in the u.s., and you are putting, a strain on states that rely on the revenue from oil and gas production, and use a lot of federal land. >> yeah governor -- that is exactly my question this is sort of a national conversation right now the real effects are at the state level, you have state budgets that depend on this business happening let's not forget when energy becomes less abundant more cost in this country one group hit very hard that is manufacturing our
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industrial base depends on this energy. so yesterday you had the president signing executive orders about buy americans but pursuing policy that at the same time that raise the cost for these companies makes it much heard for them have to thrive talk if you can about the state level where do you see some real pushback happening than kacan may be curb some. >> you are right energy taxes gasoline fuel significant part of state incomes at a time talking about infrastructure, and great new infrastructure, and build better, you know also turned around taking money away from the state governments, that would be used for building that infrastructure i wonder today how many union members whose friends or themselves who work on keystone xl pipeline are
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wondering why they voted for biden. of the. dagen: are a lot of people in unions asking that very question. of you have an administration that is -- that is siding with climate activists not unions i move to ohio republic senator portman announcing not seeking reelection in 2022 midterms will retire the end of his term portman joins north carolina senator richard burr pence senator pat toomey not seeking reelection what does this mean for future of gop can republicans get act together in terms of kind of unifying around what they represent for american people. >> all three of these senators have had outstanding careers in the senate but in the case of rob portman has been in government for about 30 years, he was in the house, he was in the administration, republican administrations, he has been in senate two determines. i hate to see him go because
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he really contributes a lot on a lot of levels, in fact burr and toomey him all three bravests more able to about deal with multiple issues in the senate i understand he doesn't want to be in senate when as old as the president. i wouldn't want to either. so, this is not that unusual. we've got to have to would he do a good job recruiting senate candidates. we could have also a lot of emphasis on the house, in 2022 because the democrat margin is about as maul as it has been in my lifetime. and so -- we will survive this because there are a lot of other good candidates of these three states. >> democrats like to walk around with a lot of swagger these days you are talking about the senate evenly
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divided between republican and democrats. and then the house -- democrat majority is -- is -- you know a sliver and then the white house, of course, in democratic hands, but let's talk about the -- impeachment the house managers delivered one article of impeachment against former president trump to the senate last night alleging he inciting the capitol hill rite on january 6 as senate republicans,leader mitch mcconnell agreed to power sharing pact with democrats up to two democratic senators joe manchin west virginia, and kirsten cinema of asian agreed to keep filibuster, where does senate go from here? do you think they convict president trump i am ahead of miles the trial hasn't happened yet but how do you see it? >> remember, convict president trump means two-thirds of the vote 67 votes you have to get 17 republicans if they get all
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democrats, i think that is most unlikely that that is going to happen. as far as keeping the filibuster, thank goodness for joe biden i had privilege serving request him as governor when governor with virginia -- >> you i mean joe manchin. >> i'm sorry. >> that's all right. >> but -- he has said before he was not in favor of dealing with filibuster, now he stepped up to the plate. which is not unusual for him, he is a really, really good man. but we've had the filibuster for a long time. for good reasons he can you can go back to first democratic president thomas jefferson said senate is supposed to be a cooling saucer. >> i understand that. being from the south. and being from virginia. a fellow virginian. haley barbour great to see you take care of yourselves earnings season full swing we preview tomorrow big tech
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earnings apple tesla, we tell you about gopro that spent years exploring the pacific, and making a buzz this morning you are watching "mornings with maria" live on fox business. . >> this week on "mornings with maria" tomorrow, apple said to make history with first ever 100-billion-dollar quarter. thursday, president biden preaching unity as senate demonstrates punch for trump impeachment. newt gingrich weighs in friday wake up with the word on wall street our expert insight on wall street's biggest movers right here on "mornings with maria."
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>> big tech earnings on tap microsoft reporting after a close industry giants apple facebook and tesla all yeerlth earnings tomorrow this comes as nasdaq covers a record level joining me now starship capital managing partner john meyer, tell us what to watch for here. . . >> well, expectations are higher than ever for apple. and even with higher expectancies do i expect to beat on earnings this has been a monumental quarter for the company extremely significant sale the new iphone 12, with 5g amazing time to celebrate great time selling shares as well given that in our
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research this is going to be the best quarter we are going to see for a number of years given the fact one supercycle is over you have essentially what is going to be a small plateau going to let with apple until next major product in the roughly 2023 or so, with something in the augmented virtual reality space down the line possible apple electricity vehicle not until 2026 or 2027, long-term investor might be worth selling some shares of apple fur an investor. >> heather? heather: janet yellen said corporate taxes increase not a operator right now new administration, but i have to think that corporate taxes heading higher as well as regulation and reforms, within the tech sector i mean they
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made enemies on both sides of the aisle don't you think those two things could burst the bubble so to speak coming up you -- >> i do especially relates to a company like apple and also a company like facebook which has you know massive antitrust concerns. and, you know, again going back to apple, there is a reason why i am saying you know sell now, i mean the stock is not going to be much higher than it is today and tomorrow. will the with these you know possible00-billion-dollar revenue quarters you know to your point with some of the -- regulation coming tax hikes makes even more sense to start decreasing those shares in apple if you are an investor, if you are in facebook, the same applies. you know. we have yet to see in this quarter we have not seen any of the repercussions yet from a revenue standpoint. we will next quarter of
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apple's crackdown on the amount of you're data could be shared with facebook for advertising, and, you know, i go on i know, this show all the time to talk about facebook, and every time we talk about them their stock continues to increase even with -- you know, new criticism. and i think that is finally going to that tide is going to change, beneath with increased regulation, the tax the corporate tax hike, and also the fact that a you know apple is finally putting a stand in amount of data can be shared will weaken facebook's algorithms as relates to advertising. >> john great to see you. thank you so much for being here always john meyer, discovering new depths gopro spent years he exploring the pacific making a buzz this morning do not forget, you've got to catch maria bartiromo tonight on fox news channel hosting fox news prime this time, 7 pm eastern time, that is all weeklong, we meantime
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will be right back. ♪♪ come on! >> it is a celebration ♪♪ ♪ celebrate, come on it is great ♪♪ .
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♪♪ dagen: time for morning buzz, sunken treasure recovered crews cleaning up garbage debris, in hawaii found a go bro at the bottom of the sea had been there since 2014, despite water damage merely card worked team posted video only to try to find whose camera one man identified his
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camera and memories returned brian amazing story. brian: so awesome, i have a friend in minnesota in 2014 was cliff jumping in northern minnesota with go pro went in camera came off he lost it a year later snorkeler found it he had swat training police officer, but swat training videos led them back to him totally crazy how it can survive the temperature changes, the pressure all of that, amazing product amazing story. dagen: what was you're buddy doing. >> cliff jumping northern minnesota in the river lost camera got swept down the river, he thought, somebody found it how that happens needle in a haystack. >> do you cliff jump? >> -- well he uh not like he does he braveer than i am you
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can jump in. >> you don't want to say on tv your wife will hear you. brian: you are right you read my mind. heather: . >> well, i think why don't you send this same nonprofit to find out if black boxes missing from the planes that have disappeared he the planes that go down really difficult to find those black boxes, the fact they went through trouble to turn to owner you think why? because it definitely delays attention to the cause, ocean defers alliances nonprofit now everybody knows it. so good for them. dagen: thank you both more "mornings with maria" live on fox business right after this. ♪♪ ♪
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dagen: here's your morning mover , stock rising more than 10% on a tweet from elon musk tweeting earlier quote i kind of love betsy going on to say he bought a hand knit zero martian helmet for his dog took it will open at a new record high and another stock to watch is beyond meal as it reaches a deal with pepsico to make plant -based products appear financial terms of the deal are not disclosed, but investors like the news with the stock soaring 32% in premarket trading. brian and heather, it's been a pleasure spending the morning with you. i'm going to log on after we are done in by a martian admit for my dog. brian, what about you? >> you can buy this game stop merchandise about the crazy stock price also. good luck if you are
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buying games stock. dagen: have their, final word. >> i think this week is about fundamentals, trading on market fundamentals. dagen: great to see you both, brian and have there . be safe. "varney & co." starts right now. take it away, stu. stuart: good morning. look, should we be worried about speculative froth in the stock market? there is a lot to worry about. by you in stock with borrowed money is an all-time high and that can be dangerous. the euphoria index is off the charts, that's not always a good sign and the stack, veteran analysts and frequent guest dennis gardner thinks tens of billions of dollars flowing into these higher ricks investment is a sign the bull market is coming to an end and he says it will end in tears.


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