tv Mornings With Maria Bartiromo FOX Business February 11, 2021 6:00am-9:00am EST
it's wonderful to see my friend a party to be sure to join us again here tomorrow . shaun and his started victor davis hanson are among our guests. >> good thursday morning everyone thanks so much as for joins us i'm maria bartiromo and it is thursday february 11th. your top stories right now, 6 a.m. on the east coast, futures are back on the rise this morning, markets looking to open in record territory. once again, the dow industrials up 74 and nasdaq up 62, and the s&p 500 high per by 12. this on top of a mixed day on wall street yesterday but the dow notched another record close with the dow industrials now sitting at 31,437 uncharted territory. we will open in record territory with the 62 point move higher yesterday nasdaq yesterday down 35. all of that federal reserve
chairman jay fowl signals that easy monetary policy in place for a long time and long way from a strong jobs market. china and focus this morning president biden holds first phone conversation with xi jinping. this as we learn that china has detained a top 10 cent executive on corruption charges allegedly he sold user data we're on it all morning long then this watching southern border, biden administration new plans to house the influx of migrants acrossing into the country. hear insight from acting custom border protection custom commissioner and paxton coming up this morning. plus impeachment 2.0 rolls on democrats keep pushing their case as more lawmakers look to dismiss it as political threat or. michigan congresswoman debbie florida senator rick scott, and north carolina congressman madison all weigh in this morning. plus this legend of rock 'n' roll we've got the list of this year's nominees for rock 'n'
roll hall hall of fame morning h maria is live right now. ♪ ♪ maria: european markets are mixed this morning take a look s&p 500 up 12 cac down 4 and european commission saying that the u.n. reserves 2021 growth less than expected but it is saying it fore seeing strong recovery in 2022. this has been unnerving markets now up for some federal days in asia markets closed for lunar hall day hong kong was up and finished slightly higher half a percent higher. now sof the top sthiers we are watching this morning. president biden holding first call with chinese president xi
jinping, since taking office readout from the call shows that the president raised, quote, fundamental concerns about beijing cohearsive unfair check practices as well as human rights issues and preserving free and open indo pacific region. xi reportedly willing to work with the united states on combating covid-19. and inferring global economy hour arse the president established a pentagon task force to review the u.s. strategy towards china. and executive hold htion now held by chinese authorities as apartment of a probe into high profile corruption. shared personal data collected by ten cent social media app we chat with one of the country's former top law enforcement officials. he was identified as a company vice president in a 2018 statement by a local municipal government ten cent has never held a senior executive position in the company or managerial post.
case managers meanwhile presenting, quote, previously unseen security footage on day one of former president trump's second impeachment trial house remembers relying on words of rye yoarts who claim they acted under president trump's direction and day two under which trump team has 16 hours to rebut other the course of two days. the world health organization now claiming they were at least 90 people hospitalized with covid like symptoms in 2019 a whole two months before the first official case was detected in wuhan. this as a new cdc study recommends wearing two masks instead of one. claiming at least 80% of particles get blocked when a cloth mask is worn over a surgical mask. futures pointing to higher opening this morning investors with a better than expected earnings dow industrials now up 70 points nasdaq up 60 and s&p higher by 11 and a quarter. later this morning we're expecting weekly jobless claims we expect --
757,000 claims filed in the last week. join megaright now is morgan capital management chief investment officer jeff and dagen mcdowell and strategic wealth partner president ceo mark keeper thank you for being here mark it is great to see you thank you so much for being here a lot to talk about with you. i remember back thereto day you were talking so much about bitcoin look where we are today but first let's talk about stocks mark. how are you feeling about this market, given this if big runup records after record and a pretty good economic back drop to speak of -- as we recover here. >> yeah. great to see you again plar ya it has been too long i appreciate you having me on this morning i'm still a little cautious about the outlook i think the economic outlook as you talked about in europe is gong to disappoint. i think unfortunately we'll probably disappoint in u.s. as well. it is going to attack a long team recover from the lockdown
opinion and on valuation and traditional equity markets we think they are very stretched you know now setting all time records not just in prices but in -- valuation levels everything from pe to price to sales even all off the charts actually. so one of the things that we really focus on you mention, you know, since we talked last time billionth coin is up a lot gold ask actually up a lot. stocks appear to be up. but when you denominate them in a deappreciating asset the dollar, that's why the no, ma'am mall price looks league it is up if you denominate stocks in gold, over the last three years, they're actually down and top denominate them in bitcoin they are down a lot but what we're happening is seeing our currency devalued before our eyes. you also mention earlier about jay powell saying we're going to have lower for longer. if things were great, why do we need emergency stimulus measures and lowest levels of interest
rates really in history? maria: i was struck by something he said about the jobs market saying that we are a long way off. here's a jay powell speaking yesterdays on the economic recovery. let's watch and then i would love to get your reaction. take a listen. >> in the near term policies that bring the pandemic to an end as soon as possible are pair mount. in addition workers and householding who struggle to find their place in post pandemic economy are likely to need continued support. we now explicitly seek to achieve inflation with 2% over time this means that following periods of inflation has been running per sis persistently below 2% and appropriate monetary policy aim to achieve moderately above 2% for some time. maria: he also said that jobs plarkt is still hurting that the real unemployment rate could be near 10% mark but what about those inflation comments because we have seen pretty good spikes in things like food, and number
of industrial commodities as well. >> absolutely. and you know, industrial commodities are really taking advantage of the law of low numbers they've been in a down trend for a long time really since 2011. making new close, other than the precious metals again i think are rising because the dollar is deappreciating. i think the thing you're seeing in food is real. the foods inflation you're seeing it in china and here in the u.s. but other they thinks are sell deflating, and you know we have this problem, we call them killer d's we have very challenging demographics every single day in the united states and europe 10,000 people in each place turn 65, and 65 to 85 yeerlsd don't spend as much. they're not as productive the way we measure productivity perfectly nice people but very challenging economically. then you've got too much debt. and every western economy whether it is u.s., europe or
japan has mass i have ams of debts and that debt is why we're going to have low interest rates for a very lon time working population growth continues to be more isn't going to change any time soon so we have this persistent deflation. you look at monetary velocity that's what i watch most closely you can print all of the money you want and tell banks they have access to as many reserves as you want. but if they don't actually lend because there's no demanding there's no consumption, you're not gong to get inflation so there's not a target of 2% inflation for decades we're nowhere close and we're not close for a very long time. >> okay interesting take as we see certain pockets like, you know, orange juice, or, you know, copper. but real quick mark before you go, you mentioned it that dollar declining before our eyes. low do you invest with a dollar declining, and how does that fit into a potential digital
currency we're talking a lot about biment coin and we know the incredible euphoria around it. your reaction. >> bitcoin is a perfect store value it is really digital gold. and it is going to be with us for -- centuries to come. you know, it is the transition from analog systems paper money, to electronic systems, electronic money. one is in zero in a bank account to a trustless digital currency in the future. and it won't replace, you know, the u.s. dollar or the euro or yen but another currency people with use to opt out for a portion of their wealth that isn't subject to the devaluation of fiat currencies through central banks. the other way to protect your assets and we just launch an etf about this is to focus on high growth companies of the future all of the great wealth in history my pin tweet comes from a investing in something you believe in before others understand. so we launched a spat etfz, to
focus on these high growth companies of the future so growth, and store value like bitcoin are good twice protect a portfolio. maria: i love that you created a stock in that big book in stacks good luck request that mark good to see you. come back soon. >> thanks maria appreciate it very much. maria: thank you. have a great day mark joining us this morning. we are just getting started this morning coming up zeroing in on immigration and border protection commissioner mark morgan talking about rise in border crossings as new administration policies take effect. next hour texas attorney general ken paxton giving me his latest on this court fight between the biden administration deportation moves and texas. plus michigan congresswoman debbie give her take on proposed stimulus bill and what she would like see passed all coming up in the 8 a.m. hour florida senator rick scott reform the world health organization, the w.h.o.
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from our resume database. claim your seventy five dollar credit, when you post your first job at indeed.com/home. maria: welcome back new york city inches towards normalcy once again big apple restaurants allowed to return toen door dining beginning tomorrow only a 25% capacity. this leaving some restaurant owners frustrated as other parts of the state have much larger capacity thresholds. joining me right now is the president and ceo of the partnership for new york city, katherine wilde katherine it is good to see you begun good to have you again this morning thanks for being here. thawnch maria it is great to be with you. maria: aye been thinking about you a lot actually over the last year. as this city and new york has tried to recover.
you have, you know, tried so hard with all your heart to help new york get back on a growth spot i know that and i know you've done that for years. governor cuomo also allowing a reopen at a 10% capacity what is your assessment of reopening plan is it enough to get the new york economy back on track? >> well, i think it is going to be tough to get to new york economy back on track. hopefully we're headed thanks to some of our local companies pfizer johnson & johnson vaccines hopefully we're headed to herd up miewnty by september but right now we've only got 15% of the workers back in the office in new york. we've got, we have a crisis with our brick-and-mortar sector restaurants as you mentioned our small businesses, the hopty hotel tourism so that's put a real hole in part of our economy. wall street, the financial prms,
media, tech have done a great job of keeping our economy running. remotely -- but when it comes to our local neighborhood economy, we're in trouble. maria: i'm glad you said that because i feel like this entire lockdown some large businesses have done so well right look at a wal-mart look at amazon and then the small mom and pop shops that i had to either, you know, shut down, or board up, they've dealt with so many issues. you wrote an op-ed about prague mat peck solutions to bringing new york city economy back so let's go through those tell us ideal scenario what you would threek see in terms of getting things back on track and how long that would take. >> well, it starts with leadership. and we've had for the last few years class warfare in our political scene in new york. and we have to unite new yorkers. i live through the crisis of the 70s and 80s the urban crisis where we had many of the same
challenges we lost a million people we lost half our fortune 500 companies. rebuilt by labor, business communities all coming together united governor mayor working together to bring us -- to bring us back. that's what it is going to attack right now so it starts with political leadership and we're in a election and that's an important factor and hopefully next mayor will be looking at how to unite us not divide us so that's one thing. maria: yeah. >> sorry -- maria: no please go ahead. >> say that the small business, we need we need a clear plan. so restaurants have been open. they've been closed they've been closed they've been open. it is 25%, it is mask enforcement it is protocall thes. they've gone through a lot. we have 27,000 restaurants in new york city when this thing started we've already lost 5,000. we have half a million permanent
loss of jobs, lost jobs. we have lost more unemployment during the period of the pandemic as many as 2 million people in new york have been unemployed during this period. so we've got the big impacts. we need selective plans. the industries have gotten together the dance studio, they can't open because they're in the same classifications for reopening as gymnasiums, and they're going crazy because they can control admissions. they can abide by social distancing, why can't they be open? well these -- i mean to be fair, we haven't gone through this before. the pandemic is a new challenge. for government -- maria: right. >> the public health officials but it has been -- there's no kick consistency. maria: that's a good point but you know business -- business is upset about the cost
of doing business in new york, i mean, look at that op-ed this week from the president of the new york stock exchange. stacey kunnen ham writes op-ed that stock transfer tax could drive the iconic stocks exchange out of new york that would be not just in enormous move, but that would be a real big message wouldn't it? in terms of the taxes in the cost of doing business, many people feel and businesses feel it is prohibitive. >> new york is -- competing to be the highest tax state with competing with california to be the highest tax state and this is -- this is not something that is going to rebuild or economy. we are -- we have very high taxes we're willing to pay them. but to increase the taxings further at this point stock transfer tax for example is new jersey prpgzed it last year. and for one day, the stock
exchange simply move trades to chicago and that would be under that conversation. new york city wants to see they want to see the broker dealers move out of new york. securities are 20% of our economy. they're 20% of our tax. what are we asking for, i mean, florida is having a field day on this, and it's that new york expension. maria: that's a great point 20% is a big number. we'll be watching these are all important issues in the road to recovery. come back soon katherine thanks so much. >> well we will be back. maria: all right. good i'm kowpghting on it. and we will be right back. stay with us. state of the art technology, makes it brilliant. the visionary lexus nx. lease the 2021 nx 300 for $359 a month for thirty six months. experience amazing at your lexus dealer. for thirty six months. no one likes to choose between safe or sporty.
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pang executive at 10 cent hold sings now under investigation in china for allegedly sharing personal data collected by 10 cent own social media app we chat. he's charged with passing people personal data on to security minister under investigation for violatings commune fist party rules. it is unclear where he is now. but we are looking at a situation once again mark where communist party is investigating these billionaire people in these major technology companies. what's your reaction to what's taken place here at ten cent it is not related to what took place with alibaba and its founder jack ma but it is eerily strange that you're seeing executives being detained for different reasons. >> yeah. yeah. i mean surprise surprise there's absolutely nothing new here.
it's not the same as jack ma but it is similar enough it seem it is leak you can make as much money in china as you want. but you must conform. god forbid you speak up politically god forbid you violate their commune fist policy the ccf wants all of this data we know they've bullied everybody right so they want all this data they want to make sure nobody else has it and this is exactly why these chiensz internet companies don't garner same training multiple that u.s. tech companies do there's way too much risk there's political risk. the ccp can take over the company at any time. there's key man risk seen this happen now twice in the last two months where executives vanish into thin air. there's account risk because there's countless fraud in corruption in china, and then financial system is less developed. so nothing now have china. they're bullies we know they're bullies and amazing that no
matter how much wealth you have, you cannot speak up. >> well you know what i would only pushback and disagree with you on one thing you said to make as much money as you want in china i don't think so, i don't think you can go to china or build a business, be in china create it to become a big business like alley pay and alibaba and adopt keep it i don't think you can expect that. i think that chinese communist party if it wants data, money if it wants the ownership, it is getting. >> i agree. i do agree with you there right so i also think that as you accumulate more wealth, right you're going to be under microscope even more you have more influence so to really seems like the ccp wants to limit your influence and wealth and influence highly correlated. >> yeah absolutely let's attack a break when we come back we have to talk about consequences of 15 dollar minimum wage.
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maria: welcome back happy thursday everyone. i'm maria bartiromo and it is thursday february 11th a look at market this is half an hour futures back on the rise. looking to open in record territory. once again, dow industrials up 6 in uncharted territory this morning. the nasdaq up 68 and s&p right now up 13 and a quarter this on top of a mixed day yesterday. a day that dow had a record close with gain of 62 point quarter of a percent finishing at 31,437 first time we've seen that at the close for the dow ever. european market this is morning amix the european commission saying that the eurozone 2021 growth less than expected e
we've told you this was coming couple of weeks ootion the commission, however, is expecting a strong recovery in 2022. nonetheless markets in europe are higher s&p 500 up 9 cac up about one poupt and dax higher by 83. in asia markets finished well hong kong finished highser but many of these marks are closed for the lunar holiday overnight as you can see hong kong was up. best buy making cuts to adjust to changes brought on by the pandemic. cheryl casone with the details now. shale. cheryl: notifying workers that it will be cutting more jobs as shift from brick-and-mortar to online no word how many workers will be affected. the company furloughed 51,000 employees in april and they started to bring some of those folks back last july. well the justice department notifying the u.s. supreme court is no longer considers the affordable care act unconstitutional reversal comes as high court considers challenge brought by texas and
other republican led states. last month president biden signed executive order creating special three month enrollment period on healthcare.gov. well cryptocurrency may be here to stay and now integrate into a network later this year but doesn't support all forms of the currency. it will instead look for digital assets that offers consumer protection meanwhile elon musk is gheght on cryptoboom and he purchased less and quote the toddler coin started as a joke back in 2013 that since surge to number ten in virtual currency that's coin has a picture of a dog on it. and finally this maria. magazine founder larry flingt passed away he was known as a champion of first amendment rights going all the way to the supreme court to the magazine. and he won, his case is still taught in law school today.
flingt died wednesday of heart failure he. back to you. maria: all right cheryl thank you so much we're talking about stimulus this morning house democrats approved a $15 federal minimum wage proposal. that's included in president biden covid relief package. despite warnings from the congressional budget office that such a move would cause 1.4 million americans to loser that jobs. but president also supporting a house proposal that would send 1400 stimulus checks to americans making up to 75 thorks a year. and cutoff families earnings more than 200,000 joining me right now is former governor of arkansas, mike huckabee governor it is great to see you as always your thoughts own this back and forth over the stimulus package. 15 dollar an hour minimum wage, it is going to mean so many businesses have to rethink how they're paying people. really they don't rethink it and lay off people because if they
can't afford it there's no option. they ought to make and cut back staff work extra hours with people they have. here's the thing that's maybe hard for me to understand at $15 an hour is good, why stop there let's knack 30, 40, 50 ab hour. because if the government can just arbitrarily say people need more money than they're countrily getting so let's force businesses to pay them more. why don't we force businesses to pay them 50, 75, 100 an hour. let's get an auction going on. you know why we don't do that because it doesn't work. but it doesn't work whatever into the spectrum we're talking about but democrats seem just hell bent on making sure they kill as many jobs in the economy because they don't understand the economy. and one other thought about this, minimum wage means different they thinks in different states where the economy is structured differently. a minimum wage in new york city may not be near enough at 15 it may be more than enough in some other rural part of america.
so this arbitrary one size fits all is a stupid idea and you can count on the democrats to put it on the table. maria: you know you make a good point and a point i've made as well the standard of living the cost of living is so different across the country. so how can you put, you know, a brush stroke approach to the minimum wage? the minimum wage is paid -- what specific is that demographic? these are young people, college students right who makes the minimum wage predominantly so they can get a better sense of who is making what. >> well i think what we ought to be looking for is the maximum wage. that's what i would love to see republicans put forth. let's go for a maximum wage how do you get to a maximum wage? you increase the level of training. education, skills, so if a person is a very skilled finish carpenter welder, electrician,
plumber they can make multiples of 15 an hour wage so in some ways making a wave that is so small i think we should say where would you like to train what is it you would like to do so your skills will help you earn a lot more than -- whether it is ten or 15. that's how we get to strong economy. is pushing for the maximum wage people can earn. but you don't get it automatically you get it by creating a skill that is worth more than what you're currently being paid. >> i love this idea maximum wage. here's dagen. >> i don't understand how democrats think this is a solid idea for the economy. you've put people out of work if you raise the minimum wage to $15 an hour and also if business weighs prices that hurts lower income american who is might still have a job and how can they rationalize doing and in the middle of a pandemic and is it just about control and power
again more people you get hooked on government benefits, the longer more power you have as a democrat. >> it's kind of the equivalent of government crack. once you get on it it is just very hard to ever get off of it. and so that's exactly what it is dagen you've nailed it it is an addiction but sad thing is like all addiction it leads to destruction and what in in thes don't understand is fundamentals of an economy that is that all of our labor i don't care who we are. it is valued according to what it contradicts to whatever job that we are taking. so if our particular job is contributing certain leal and we want to make more then we have to find a way to do a different kind of job that is valued more. in the meantime, the democrats have shown keystone xl pipeline by not using the keystone xl pipeline and shipping this over
rail, it puts a carbon foot precinct of the equivalent of 500,000 cars on the road like half a million new cars going on the road, tearing up an environment that the democrats claim to love. when you use the word irrational that's the point. their policies are irrational illogical, and frankly i think to a lot of americans they're scratch their heads saying i thought you guys liked us. obviously, they don't. maria: governor real quick before you go on this impeachment trial we saw all of the theatrics yesterday where is this going? >> impeachment has truly become -- it's like a circus without animal or acrobats even popcorn is stale. i don't know what it is -- they are trying to achieve. it is not working. most americans have tuned it out. and i think for most people they realize that donald trump is not in office so how do you throw
somebody else out of the theater when they're not in the theater. it just doesn't make sense to go back to dagen point of irrational but this is all about their attempt i think to the attention away from the real issuings of their mismanagement of the economy and their inability to get ahold of distribution of the vaccine. that we would not have -- had donald trump not initiated operation warp speed. i would love for them to just at least -- throw him a little bit of a kudo for that it would be kind of nice and generous on their part. maria: it would certainly fit with the whole unity idea. that's for sure. which president biden keeps talking about governor good to see you this morning thank you, sir we'll talk soon. ening thank you. have a great day. maria: back to you governor mike huckabee joining us zeroing in on immigration. former acting u.s. custom border protection commissioner mark morgan will join me to talk about the rise of people crossing the border. as a new administration policies take effect then entering black
maria: welcome back rising border arrests immigration authorities say that they have already detained 78,000 people. trying to cross the southern border in january alone. that is up 6% from december. the largest number for january more than a decade. the biden administration announce the open of two temporary care facilities in texas. to house unaccompany migrant children under the age of 13 enjo me right now is former actings custom border protection commissioner and heritage mark morgan great to have you thank you so much for being here. >> good morning thanks for having me maria. >> what do you attribute this increase in border crossings. >> there's two major factors one is really driven by the biden administration clear order border policies what drives
overwhelming majority of illegal immigration is economics. they're looking for better economic conditions because of covid we see worse than comib conditions in western hemisphere. so since april, last year we saw a steady increase. but what happened leading up to the election and since the election is a significant skyrocket of the numbers of illegal immigration. simply due to biden promise that he's going to open border and allow people in reenstate catch release allow people to gain access to citizenship that's what is driving the skyrocket numbers right now like you said january -- highest numbers in over a decade. it makes sense if people there's a opening a new policy they're going try to make case right threaten. right, i mean, you've got lots of headlines, about this new administration's policies, and reversal to what was happening in your administration and the president trump's administration let me ask you about new
facilities. to house people, young people in texas. your thoughts. >> two things are going on first hhs is open up a new facility to house the uac uncompany minors and then cdp is also open up temporary facility which we've seen in the fast now look, the planning for that temporary facilities from cdp that actually began when i was still acting commissioner. and why do we have to do that? because we saw what was happening. we saw the rhetoric for the biden campaign, and then after the election, we knew what was going happen we saw the numbers starting to increase, and we knew that as soon as election happened, and biden won, we knew whafsz going happen that numbers were going skyrocket that facilities that we currently have would be overwhelmed because restriction of covid. maria it is not -- this isn't complicated. if you sending out the signal as you said there are borders open, and clearly is eroded every tool
in policy that was in place in a trurp administration to deal with illegal immigration crisis, of course, numbers go up that's where we see right now and i say crisis it is already begun. >> yeah that is why state of trks is stopping deportation freeze reforming i.c.e. is another issue. the biden administration has taken on, issuing new guidelines to immigrations and custom enforcement agencies calling on them to shift their focus instead of pursuing arrests for driving under the influence or committing assault the priority is becoming national security threats, recent border crossers, and those with aggravated felon i-in convictions former policy advisor, to president trump, steven miller was here on this program yesterday. and discussed daifnlg these new policies listen to what he said i'm going to get your reaction. >> under our administration we have poured 20,000 gang members
virtually under these rules qowld have been allowed to stay in the country under new system, that they've just put into place, you can't deport someone for overstaying visa or deport somebody from financial creams you can't deport somebody from fraud or deport for most kinds of battery. for most kinds of drug possession for most crimes of reckless endaijtment and list goes on and on. vast majority the overwhelming majority of criminal aliens are now going to be set free back into our communities. and so the next phase of these lawsuits has to be enjoin this guidance largest jailbreak in american history. this is extraordinary mark your reaction to what steven miller said and why would bide administration not agree with those comments? >> steven miller is 100% threat look this is not a shift in focus. this is a clear message of what, how they believe illegal
immigrants should be treated. look, at the end of the day with this new policy is, unless you're known or suspected terrorist, or murder or rapist, you're going to be allowed to stay in. it goes even further i'll add a little bit to what steven said you can be a known gang member and have been arrested for and charged for rape or murder in under these guidelines you will not be removed because you have been convicted. i mean, this is absurd and every single city in this country has become less safe because of his policy within a few weeks of this administration everybody should be outraged this is absolutely absurd. >> wow. all right we'll be watching mark great to see you this morning thanks very much for being here. >> you bet. thanks maria. maria: mark morgan i'll be talking to kim paxton leading charge on blocking president biden moratorium by suing administration. we'll get into it he did get one
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automatically adjusts to keep you both effortlessly comfortable. will it help me come out swinging? you got this. so, you can really promise better sleep? not promise... prove. don't miss our presidents day weekend special. save 50% on the sleep number 360 limited edition smart bed, . plus, 0% interest for 36 months & free premium delivery when you add a base. ends monday. maria: time for the morning buzz pirps a new class of nominees that rock 'n' roll hall of fame announcing 16 new art ition and groups it is consider for the latest induction into the hall of fame. the star-studded list includes jay-z tina turner mary j. blige go-go and beyond warwick official announcements coming in may i'm excited about this mark what about you anybody excite you on list in particular? >> i'm excited too. i think it is a pretty solid lineup across all generas. my favorites would be jay-z i think he's an absolute rock guys
has been making hits forever and rage against the machine i think they're so underrated they were so enno vattive so different. it worked well. renegade defunk rooting for those guys. maria: very cool dagen hob you? >>iron maiden before go go and deevo before the foo fighters i'll leave you at that. maria: how about this couture or revisiting childhood louis vuitton getting slack on social media this morning for new puppet. this is an 8,000 dollar shredder okay 8,000 price tag it is exclusive made to order it is a sweater featuring 14 dangling puppet miss have compared outfit to children's toys. certainly not couture. is this couture or not? >> i often feel luxury brands are just playing a joke on their customers to see just to see how
ridiculous they can make their customers look with these if you have kids, they will rip one of these puppets off. but i will also -- suggest that this is a ripoff of a very famous french designer was there a famous french designer name jean claude he made this coat of teddy bears in the late 80s who was 1988. if you can find one it will run you about $40,000 nowadays. but they're ripping that coat off again -- no new ideas. just great ridiculousness. maria: yeah. i mean i feel like they do things like this for the runway to make a statement and a message but they can't possibly think anybody will buy that can they? >> there will be people who wear it. and if you wear it in new york somebody will surely steal one of the puppets and run. [laughter] maria: still ahead texas
attorney general kim paxton here on court fight against the biden administration move surround deportation all right here next hour "mornings with maria" is live on fox business. ♪ ♪ 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 t-mobile.com/55. my body is truly powerful. i have the power to lower my a1c. because my body can still make its own insulin. and trulicity activates my body to release it, lowering my blood sugar from the first dose. once-weekly trulicity responds when my body needs it, 24/7. trulicity is for type 2 diabetes.
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welcome back good thursday morning everybody thanks so much for joining us i'm maria bartiromo. and it is thursday february 11th. your top stories right now, 7 a.m. on the button on east coast. marks are higher this morning future back on ruse and opening in record territory. dow industrials up 74 points it is closed in uncharted territory yesterday. the nays nasdaq is up and s&p up by 5 and mixed day on wall street nonetheless a record set or dow industrials matching another record close for gain of 62 points now beginning this morning session. s at 31,4 37. nasdaq was lower by 35 and s&p lowered by 4:00 on wall street all of this as federal reserve chairman signals that easy money will be in place for a long
time. saying we are, quote, a long way from a strong job market china is in focus this morning once again president biden held his first phone conversation with xi jinping. this as we learn that china has detained a top executive from ten cent on corruption charges for allegedly selling user data. we're on it all morning long this morning. plus we're watching the southern border the biden administration new plans house influx of migrants crossing into the country texas attorney general kim paxton weighing in this hour impeachment 2.0 rolls on and democrats pushing their case as lawmakers look to dismiss it as political theater michigan congresswoman florida senator rick scott and north carolina congressman madeleine all weighing in this morning new anthem controversy. the nba reversing maverick owner mark cuban decision to scrap national anthem before the game.
the government agreed with mark cuban -- but the nba overturned it. plus, print your home check this out we're taking you to the world's first home made with 3d printing materials yes it is making a buzz this morning tell you all about it. "mornings with maria" is live right now. european markets this morning are higher the european commission says that the euro own 2021 growth less than expected we told you this was coming couple of weeks ago. however, they said that they are expecting a recovery in 2022. in asia overnight markets largely closed for the lunar holiday hong kong open and finished higher by one-half of one percent. now some of the top sthiers we're watching this morning. president biden holding his first phone call with chinese president xi jinping last night. after taking office read out from the call shows that the president raised, quote, fundamental concerns about beijing cohearsive and unfair economic practices. as well as human rightses abuses
and preserving a free and open pacific region reportedly willing to work with the united states he said on combating covid-19. and spurring global economy hours after the president established a pentagon task force to review the u.s. strategy towards china. meanwhile executive ten cent holding now is being held detained by chinese authorities. as part of a probe they say into high profile corruption. shared personal data collected by ten cent wechat with one of the country's formering top law enforcement officials. he was identified as a company vice president in his 2018 statement by a local municipal government. ten cent say he's never held a senior executive position in the company or managerial post busted. democrat case managers presenting previously unseen security footage yesterday on day one of former president trump's second impeachment trial. house members relying on words
of rioters who claimed they acted under president trump's direction. day two begins later today after which trump's team will have 16 hours to rebut over the course two of days. and the world health organization now claiming we, they are at least 90 people hospitalized with covid-like symptoms in 2019 we knew this already whole two months before the case detected in wuhan people were getting sick. and then the ccp tried to shut them down a new cdc study recommending wearing two masks instead of one. they say at least 8 % of particles get blocked when a cloth mask is worn over a surgical mask. >> on the wall street top investors watching your money investment solution group head keith banks private wealth advisor alan and strategic wealth president ceo mark great to see everybody this morning thank you so much for being here
mark kicking off with you markets pointing to another record open this morning. investors eyeing better than expected in optimism over stimulus but a number of big names are reporting today we've got the walt disney company after the bell tonight disney seeing boom in streaming and disney plus but also suffering losses in parks and consumer experiences division what are you expecting from disney and how would you characterize overall quarterly earning season? >> so disney has defied all odds. personally i don't think it should be trading where it is at right now. most of their revenue does come from parks from studio, that stuff has been shutdown disney is now trading way past where it was precovid. look, i'm not expecting much from them. they're streaming service has really been something that's been losing money. but overall when you look at earning season look all companies right now are still getting free pass. they will get a free pass throughout 2020 we're still looking at the fourth quarter of
2020 right now. investors didn't require any guidance companies didn't offer any visibility it was completely okay. so all of a sudden you know you've got all these make believe hurdles set extreme low you saw companies clear those hurdles easily stock market has performed very well but estimate reboundinged we're expecting record earnings this year on s&p so in 2019 s&p was at 164 buck this is year expecting 170. a lot of that back load and you saw with coca-cola yesterday, they're now starting to provide guidance. despite the fact nobody has any idea what happens to their unpremised business. so i mean they're, obviously, biggest soft drink providers for restaurants and stadiums. so look let's be clear i'm bulgish but i think money has been made and companies will be held accountable over the course of the next few quarters. maria: keith thanks the big story -- was the federal reserve yesterday, federal reserve chairman jay powell spoke
yesterday only the economic recovery we're going get your reax to that. take a listen. near term they are par mount in addition workers and household who is struggle to find their place northeast pandemic economy are likely to need continued support we now steek achieve inflation that averages 2% over time. this means that following periods of unflags has been running persistently below 2%. appropriate monetary policy will likely time achieve inflation moderately above 2% for some time. maria: keith thanks powell also said that jobs market is still hurting the real unemployment rate could be near 10%. what are your thoughtings on where we are in terms of the back drop, keith? >> well maria i think you said it -- part of what he said we certainly agree with there's still a lot of healing that has to take place in the economy. and particular in the labor market but we also think on the positive side of that, and it
was your point earlier which is that means that fed is going to continue to provide a lot of liquidity -- [inaudible conversations] we think that's a very positive dynamic if you add on top of that the fact that we've already had fiscal stimulus around 49% of the u.s. gdp, and if you bring in another 1.6 or 1.9 trillion and then infrastructure on top of that, you can get the 60, 70% of the gdp in u.s. in form of stimulus and finally, to a quick pongt we think that consumer everyone though unemployment as chairman powell suggests it is still too high fact is consumers are still spending cards and debit card and credit card data at bank of america last seven days ending the sixth of february spending was up 9.7% and consumers have right now maria, 1.6 trillion
dollars of excess savings. so we think all of that is going to lead to a surprise this year in economic growth. which means you can be surprised in -- in the underlying earnings per share that's going to come out all of which will be supportive of higher prices. maria: really interesting keith so you're betting on consumer recovery of consumer strength and story how do you invest around the consumer then keith what are you telling clients? >> well we're saying what we recommend is -- you own growth as well as value. by investing in growth sector growth stocks, you take advantage of the secular trends that are in place 5g areas like that health care infrastructure, and then on the value side, you get more exposure cyclically that gives you a way to benefit from rising economic growth not only the u.s. but globally. and we think that barbell makes a lot of sense.
maria: very good. keet, i want to talk about that global economic recovery alley because european commission is estimating that the eurozone will face a slower than expected recovery in 2021. we pointed this out over last couple of week because this was really the word going on throughout trading desk they did they say expect 2022 to be stronger than previously thought. how do you invest across the globe knowing that european seems to be the weak spot ?il ?il >> yeah maria it is not particularly surprising and building on the really important things that the panel said this morning we are going, we're entering a global synchronized growth that is largely driven by consumers ability to get out to spend and largely consumers ability to get out and spend on services. so last night you saw which fed probably into this announcement
by eurozone this morning that pairingst paris and athens closing down until june that will push forward this growth in a major way. now look to the u.s. which is having exact opposite restrictions restrictions are coming up vaccinations are increasing we're now looking at another potentially 1.9 percent in stimulus. as your guest said earlier we have 50% of gdp has been forced into the economy some spent but largely in savings, and so that growth is already being expressed in long-term rates we have seen the 10 and 20 and 30 year move up we at ubs have increased our year end forecast putting 30 year over 2%. we do not think as some people have that that is because we're expecting inflation but rather because we see accelerated growth that is now likely to be first in the state and in emerging markets and then driven
by europe. and so you do need to around that special merging market that small cap again, your guest are right on investing they thinks that both pleks and consumer demand are going to push forward. maria: yeah i'm glad you mention inflation because there's a real debate about inflation as we see some moves and some food and other industrial commodities we'll keech keep watching thanks alley and mark you're staying around you are with us all morning long so we'll get back to you. quick break, and then we are talking with the attorney general of texas. stay with us. and other money managers don't understand why. (money manager) because our way works great for us! (judith) but not for your clients. that's why we're a fiduciary, obligated to put clients first. (money manager) so, what do you provide? cookie cutter portfolios? (judith) nope, we tailor portfolios to our client's needs. (money manager) but you do sell investments that earn you high commissions, right?
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announce opening of two temporary care facilities in texas. that's to house unaccompanied migrant children under age of 13. joining me right now one of the attorneys general leading the charge, to stop the deportation freeze, texas attorney general kim paxton mr. ag great to see you again thanks very much for joining us tell us what -- where we are right now, after you did get a victory in terms of extending that stay. >> so good morning, so our stay is still extended as you said, and we will be i think, arguing for a permanent sometime in the next couple of weeks hope play to make sure that while we're arguing our case over the next several months, we make sure that the deportations continue and federal laws followed. maria: well a lot of people are saying that look, the final line of defense is whatting at the state level to push back on some of the aggressive executive orders that we've seen out of this new administration.
can you assess what you've seen, what's most impactful to the state of texas? >> well right now, it is that immigration order because that directly impacts the health of our people because you have people coming across with covid. it also affects the safety of our people because we have to deal with human trafficking and drugs, and crime, and then it also impacts cost to my state. it increases education costs and transportation costs, and law enforcement cost, and the list goes on. so that's probably at least initially the largest affect we have from any executive order. maria: and this order, you say, pretty much breaks the law is against the constitution. >> yeah. the president doesn't have the ability and the constitution to just change what congress put in place in federal law. and that's effectively what he's done with this executive order he's saying, look, we have set a law. that requires that the executive branch deport people who are
here illegally, and i'm not going to follow that law i'm going to make my own law coming across border we will not deport you and consequences are devastating to my state devastating to the country and i think you'll see as time goes on, you'll see more people flooding across the border knowing that they can come here without any consequence of being deported. maria: do you think you will see other border state ag's fight back the way that you have in texas? it is not just immigration, look at what's going on with the keystone controversy. 14 attorneys general pushed back on biden administration executive decision to stop the construction of the keystone xl pipeline in a new letter they write, quote, please be aware that the states are reviewing available legal options to protect residence and sovereign interest in the mean team we urge you to reconsider your decision to impose crippling injuries on states, communities, families and workers across the country. kn you're leading charge on this now face opposition from
hollywood dozens of select cher and leonardo dicaprio and jane fonda wrote a letter saying this, as your administration takes action to address the climate crisis, and strengthen relationships with indigenous communities, we respectfully urge you to reverse another harmful trump administration decision and immediately shut down the dakota access pipeline. you said president biden is ignoring federal law with the keystone shut down right? >> that's right. we think that's going on and in addition there's been no -- measure of the consequences of the decision jobs are being lost. and the idea that somehow this is going to dramatically improve our climate issue. there's no proof that's occurring as a matter of fact, this oil and gas is going to have to be move inside other ways that are less initiate and actually create more climate problems. and then you'll have the issue of other countries producing that don't even care about this issue. so i don't see how keystone pipeline shut down has any good
impact on climate change it doesn't make any sense and they haven't demonstrated there's any evidence what they're doing is going to be beneficial. maria: yeah. i mean you make really important point, i think, you know what is safer? having oil and gas transported in -- through a pipeline which is under the water or -- above land on rail cars. obviously, having it on rail cars seems incredibly dangerous to me. look you are first to challenge the biden administration immigration orders. texas judge extended that moratorium on biden deportation freeze now you have all of those attorneys general pushing back on the xl pipeline and then there's big tech florida governor ron desantis pushing back on big tech, and their dominance wanting 230 reverse what's your lake? are you going join florida in the pushback on big tech? >> yeah. we already have and filed a
lawsuit against google which is an antitrust lawsuit. i'm certainly encouraging legislators to look at what governor desantis has done in florida of what he's trying to do. i think we should consider the same type of legislation in texas. big tech companies have amazing control over the internet and the marketplace. and we need to make sure that we protect our consumers and these internet companies are more transparent about what they're doing with our private data. >> what do you want to see in that regard what is the timing in all of this? >> well for us, we're in legislative session right now so i would like the legislature to start talking about these issues. debate these issues and then pass consumer protections so that at least consumers data is protected whether it is financial, whether it is health data whatever it is, it needs to be protected. maria: all right well you've got the democrats in control of the house, and the senate -- and the executive office, so it is up to the state and you are
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yes, by gently warming your feet. but, can it help keep me asleep? absolutely, it intelligently senses your movements and automatically adjusts to keep you both effortlessly comfortable. will it help me come out swinging? you got this. so, you can really promise better sleep? not promise... prove. don't miss our presidents day weekend special. save 50% on the sleep number 360 limited edition smart bed, . plus, 0% interest for 36 months & free premium delivery when you add a base. ends monday. maria: welcome back we have this breaking news this morning, kraft heinz announcing to sell its nuts business to hormel foods deal with 3.35 billion dollars it include most products sold under plant rs and corn nut brands. as you can see kraft heinz shares are up 1.5%. meanwhile this dallas mavericks will resume playing the national anthem before basketball games. this reversal comes after team owner mark cuban said to stop playing the national anthem. to avoid controversy, the nba later released a statement
saying no, all teams will play the national anthem. in keeping with long standing lead policy. the white house responded yesterday. >> part of the pride in our country means recognizing moments where we as a country haven't lived up to highest ideals speaking to. when they take action at sporting events that means respecting right of people, graduated to them the constitution to peacefully protest. that's why he ran for president in the first place. maria: dagen mcdowell that was a lot of pr from janet but the bottom line is, when mark cuban first said, that he would not no longer do the national anthem before games, the administration government agreed with him. okay no national anthem. it was the nba that came in and reversed everything. the nba disagreed with those mark cuban and goth. >> dramatic interpretation of what happened mark cuban, we're not --
doing national anthem nba comes in and says sit down little man yes you are. that's exactly what happened. you're one team in a league. we decide that you're going to have national anthem i can't even imagine if they really tried to pursue this and not play, play the anthem at mavericks games what the fans could do. maria: yeah i think it is incredible that the white house was supportive of not playing the anthem. you know before the nba cam in and, i mean, obviously, nba has been focused on etc. own issues with regard to china and so they were very quick in saying no, no, no all games will play it. but your thoughts? >> look i used to be a huge fan of mark cuban so this is really disappointing to say the least guy is a billionaire who has bngted from opportunity this country has provided him with. so i think it is a tactical fall i think it is going to cost
money with probably corporate sponsors, season ticketholders, but he's made a decision. he is standing by his players i guess i can respect that decision. i just think he could have executed on it much better with much less backlash. try to keep politics out of the sports dude look how much money tampa bay bucks were having during boat parade were they talking about national anthem no they were dancing drinking beers they were throwing trophies they were having fun that's the way sports should be. maria: we're going to talk about how they threw trophies in next morning buzz first, though, quick break, and then we'll zero non the stimulus plan. michigan congresswoman debbie here on what she would like to see passed in a release bill that's coming up. über other revenue and ride sharing giant makes up for pandemic losses. we'll tell you how, coming up. stock is down 3.5% right now. [announcer] durán catches leonard with a big left. ♪♪
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maria: welcome back good thursday morning everybody thanks so much for joins us i'm maria bartiromo and it is thursday february 11th a look at market this is half hour. where we do have a firmer tone, and in record territory once again, take a look the dow industrials up 83 points in uncharted territory. the nasdaq up 62 and s&p 500 high per by 12 and three quarters. better than expected earnings, good news on stimulus, and jay powell, commentary yesterday it was a mixed day yesterday. but even with the mixed performance dow industrials was able to notch another record close. but a gain of 62 points quarter of a percent, putting the industrial average now at 31,437 again, uncharted territory. european markets meanwhile look like this we do have some negative comments about the economy there european commission says eurozone 2021 growth less than expected, however, they are forcing a strong recovery in 2022. the up 2 and dax index up 81 and
asia overnight most markets closed for lunar holiday hong kong open finish higher bay fraction one-half of one percent and then this tens million of people under a weather winter alert once again this morning. cheryl casone with all of this snowy details. cheryl. cheryl: here we go maria a nasty weren't storm packing mixture of ice and snow across the nation and impacting people from texas up to the east coast. overnight this plane skidded and tilted off runway before takeoff in pittsburgh everyone was evacuated after several hours everyone is okay. and slippery conditions cause this car to slam into other parked cars in west virginia. national weather service warning some places could see more than half an inch of ice causing dangerous travel conditions and power outages. well schools are slowly getting to reopen their doors, preschoolers and special needs students are expected to return to class today. this after the teachers union nearly approved a plan to resume in person learning.
following disagreements over safety protocols elementary middle school students are going to return to class in march no word yet on high schoolers, though. well you might soon go sky high just to get to the airport. united airlines is spending more than a billion dollars on a fleet of 200 air taxis that can shuttle passengers to the airport. the tax yes tiebl fly up to distance of 60 miles at a speed of 150 miles per hour which will cut down, of course, getting stuck in traffic. make commuter and reduce carbon emissions company says production expected to start in 2023 and launching in 2024 stock is down more than a quarter percent in the premarket. and maria, jeep has pulled its super bowl ad featuring bruce springsteen from youtube after revealed he was charmed with a dui reckless driving back in december and he took a shot and fans stopped him on bike ride in
new jersey they wanted him to do pictures take shot. well the boss did it in front of policemen and hence story boss has comernl up on his twitter page maria there's two sides to the story. we have to defend the boss just a little bit because he's, you know -- the boss. those are your headlines. [laughter] maria: cheryl thank you stimulus is in focus this morning house democrats approve a $15 federal minimum wage proposal. included in president biden's covid relief package this despite warnings from the congressional budget office, that such a move to 15 could cause 1.4 million jobs to go away. the president also supporting a house proposal that would sending 1400 stimulus checks to americans who are making up to $75,000 a year. it would also cut off families earning more than 200,000 dollars year. joining me right now is michigan congresswoman on the house energy and commerce committee, debbie dingell congresswoman great to see you thank you so much for joining us what is most important to you in terms of this package on economics, your
constituents in michigan, obviously, are looking at the jobs market that they want to improve. that just $15 an hour do that. >> well, i'm a strong supporter of $15 an hour. we have to look at what's happening to this country in the last year. and who the people are that have been the glue that accept us together as a society and they are the people that we have valued, so they're frontline workers they deserve to be paid enough that they're not living below poverty line. so for me it would increase the more than 900,000 people in -- they would earn extra 30, i think 3400 a year they've earned this. we've got a lot of people making a lot of money that aren't putting risk at life every single day i think people that are put at risk at risk every
day to help you and me deserve to be paid decent wage. maria: absolutely. but congresswoman you know earlier in the program, we spoke with governor mike huckabee he made an upon the point saying you can't just put one number as a brush stroke across the country. because there are different standards of lifing there are different costs of living. you know, $15 an hour may be okay for, you know, new york or others. but you know in another area of the country, where the cost of living is so much lower, it would be, you know, excessive. so what's your take on coming up with one number that seems to, you know, apply to all of these different cost of living? >> well, i think some of these states have not been taking care of the people that work there about and yet the people in the states where there are, they have lower cost of living than people not doing so well because of that. they haven't raised the minimum wage in decades.
we just -- we need to do it and we need it is not -- you're not getting rich on $15 an hour. and you know, we wanted one of the things that i really found that scares me in the age of the pandemic is that, i always have paid a minimum wage when i had someone pay -- at least $15 that paid more than that. but because people other people didn't, these people become carriers they're working five or six different jobs. just to have enough money to keep a roof over their head and food on their table so look at who we are. $5 an hour. go ahead. >> working five and six working five and six jobs -- sounds, i mean, i don't know who has five or sex -- six jobs do you know? >> who take and caregiving it is one of the reasons covid spread so fast is that the caregivers that are in a long-term or
working several long-term facilities two nights here two night there is a day there and then they come to me i think realize it until i was in the real world so what happened -- to have somebody working in a grocery store and then going the spending night shift at one of the residence. there's a lot things that happen on a day-to-day level that we are sheltered to see. maria: so how do you -- square the circle on teachers then? families are watching this right now. mothers watching us this morning wanting their kids to go back to school. they're begging their teachers to get back to the classroom. president biden is now working to reopen most of the nation's public schools and first 100 days. thank god white house press secretary jen clarified administration goal this week for just 50% of schools to have some in person teaching. at least one day a week, one day a week administration target is
behind where the u.s. currently is at least 66% of kindergarten through 12th grade students attending traditional in person classes. five days week. either five days or some kind of a hybrid schedule congressman why is this taking so long you agreed that the teachers and school systems need money you approve that you set them money into cares act now we're sending them more money in this 1.9 trillion deal that president biden is leading. and teachers don't want to get back to work. >> well i think it is a combination many things. i don't think it is quite that teacher don't want to go back to work. schools want to get their children -- students back into the schools. they know that they're losing a year of education and many cases for the kids. but for first of all you talk about how we've got not enough that's one of the reasons why we need state and local money and we will have state and local money in the 1.9 but even to
prepare the open schools additional expenses because of ppe equipment, and that's needed in the school. how do you manage the structure, seating even buses. you have to have extra buses. so we have some expenses for schools to fine tune and anticipate and teachers are now being vaccinated which is another important point i have a niece that's a teacher who has been going in, but her husband is ready to -- she's pregnant expecting baby in april. she doesn't get vaccinated doesn't want to be away from her students. there's a lot of complicated things here your parents have mixed feelings about whether they want their children in school or not. we wish that this was simple. but i think all of us want to work to figure out how question get the kids back in school learning the way that they need to. but it just isn't simple --
maria: they are definitely at a disadvantage our students now, we will see how much longer this last. and the efforts to get back in the classroom. congresswoman it is good to see you as always thank you so much debbie dingell joins us on the stimulus ride sharing giant makes up for pandemic losses we'll tell you how with stock down 3.5% this morning. plus check this out the future of housing. the first 3d precincted home now up for sale it is making a buzz this morning and we'll take you there live, weal tell you all about it. you're watching mornings live with maria on fox business. liberty mutual customizes- wait... am i in one of those liberty mutual commercials where they stand in front of the statue of liberty
maria: welcome back the earnings season rolls on, über reporting fourth quarter earnings after bell and raid hailing company seaing beat on earnings per share and revenue below estimates it is delivery business, however, is booming. it is up 130% from a year earlier joining me right now is former über senior vice president, and chief business officer and dpcm capitol chairman and ceo emile michael great to have you today thanks so much for being here isn't it interesting how über was able to
transition during the pandemic lockdown, and put more resources into the delivery business which is exactly what the public needed? tell us about the growth story there. >> growth story is incredible. über eats is now about the same size of über rides which was great i incredible in term it of revenue shows you that difference between über lyft which has rides only really über and any other ride share company around the world that doesn't do food delivery shows how much more powerful combination is in a company than one service alone. maria: yeah. but emile, i mean, will über be able to keep up with companies that do only that? i mean, you look at somebody like a door dash which went public or other delivery services that only focus on that delivery food. does über have the wherewithal to committee and gain scale
given it's not that primary business as successful as it has been. >> well, you know über was ahead of door dash in 2018 lost the lead but they got a great new leader earlier in 2020 and they've made up some of the ground so we've got a long way to go there and other markets around world über is leading in food delivery. and mostly, part of all parts of europe, mexico, and lots of other places so they have got a lot of wood to chop in the u.s. but in ride sharing, they still maintain a 70/30 lead and they can and in both parts of their business but they have to focus. maria: lets talk about driving part of the business as we wait for what is being called the i-car apple announce more than double road test for autonomist car in 2020 versus year earlier but likely will not launch car for at least five years. but there are competitors, you know alphabet waymo tesla right
there, doing self-driving cars, emile how long do you think it will be before we actually see drivers relaxing behind the wheel and don't you agree you need regulatory framework to actually be there, and change in order to actually expect driverless vehicles on the road? >> so, that's second point maria a lot of people miss. it is not just the technology working but regulatory piece accepting and regulatory piece can take longer than technology piece from my bet before you see, you know, a third of the cars on the road being autonomist cars truly driver doesn't have to be in that seat, it might be 7 to 10 more years. so it is going enough to be after -- yeah going to be a while. maria: that's what i thought. and what changes do you expect to actually facilitate that? do you need everybody on the road to be self-driving as
opposed to some self-driving and then some not self-driving regular cars. because i'm thinking to myself, it can't possibly happen unless we see everyone doing that. that is yeah 7 to 10 years is sort of, i mean, that's the most optimistic. [laughter] >> i think you're at least going to have to have sensors either in other cars that are traditional cars you're going to have some sensors on street that are going to talk and cars have to talk to one another, and other cars have to react to one another so i don't think every car on the road has to be autonomist and won't happen for 20 years maybe. but you're at least going to have them talk to one another so you can see -- the government saying hey every car has to be retrofitted with a sensor so it can talk to one another something like that. maria: we will leave it there emile great to talk to you this morning thanks so much. we'll keech keep watching stay with us. we'll be right back.
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save up to $800 on new sleep number 360 smart beds, plus, 0% interest for 36 months and free premium delivery when you add a base. ends monday. maria: welcome back time for the morning buss, a first of its kind, new york is now home to the country's first 3d precincted home up for sale. christina is in river head new york with what make this home affordable and safe. christina. tell us all about it. >> welcome home maria. you are right this is first of 3d printed home for sale that means people can buy it make it is a little bit different this is experience a model home so right now we're in calverton but home in river head new york just outside of the hamptons. house is beginning to be priced at a little bit shy of $300,000. which does sound like a lot but the land is about 150 plus all of the fees so let's take a look
inside to our wonderful home. right now there's no furniture as you can see. the way it is printed is with a machine print inside roughly 48 hours. that we cannily. then of course people come build in kitchen and roof but i've got behind -- kirk over here to explain a little bit more about how this is actually built. right now these are the slabs right exactly how it looks. machine comes in we have a layer -- concrete layer by lay per build up interior and machine is capable of putting foundation and more. >> soy came from the outside so i'm cold right now but what about insulation because this is hard concrete. >> that will not go anywhere so we print layer by layer and this is an example on the inside of the walls allowing cavities for insulation electronic, all of the utilities. >> steven will show us more the rooms but in terms of cost savings this is, you know, how -- you can save a lot of money
doing this right pay for the land and then house can be bought and made very quickly. >> sure so offset expense eve land we do 41% of the build, and we print the wall and we show you that this can reduce cost up to 70% of that 41%. >> so maria i'll throw it back to you because we're continuing to show you the rest of the house. but again, this home is the first that is on the market and buyers are actually coming here today so serious buyers too which is what they're hoping for and be put on actual property in river head in march when it is a little bit warmer. back to you. maria: that is awesome christina. i love it. dagen mcdowell how cool is this home? >> it is supercool i was always a fan of the sears robot cones you can buy from the sears catalog. more than a hundred years ago i have a 3d printed tooth so i'm not joking it is precincted in
on a 3d printer i have two and driengt by me on board with the home too. maria: that's awesome. i love it quick break and then florida senator rick scott is here with a new bill that would force changes at world health organization. you don't want to miss it. stay with us it all starts next hour "mornings with maria" live on fox business.h e every day m. and having more of them is possible with verzenio, the only one of its kind proven to help you live significantly longer when taken with fulvestrant, regardless of menopause. verzenio + fulvestrant is for hr+, her2- metastatic breast cancer that has progressed after hormone therapy. diarrhea is common, may be severe, or cause dehydration or infection. at the first sign, call your doctor, start an anti-diarrheal, and drink fluids. before taking verzenio, tell your doctor about any fever, chills, or other signs of infection. verzenio may cause low white blood cell counts, which may cause serious infection that can lead to death. life-threatening lung inflammation can occur. tell your doctor about any new or worsening trouble breathing, cough, or chest pain.
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maria: welcome back. good thursday morning. thanks for joining us. i'm maria bartiromo. thursday, february 11, top stories 8:00 a.m. on the east coast, markets higher this morning, we will open in record territory, for the dow industrials take a look, dow industrials right now up 59 points nasdaq up 66, s&p 500 higher by 11, it was mixed day yesterday, with the dow with notching another record close, about even though averages were negative dow industrials begin trading session unchartered territory 31,437, up 62 points. yesterday nasdaq down 35, s&p
lower by one point as federal reserve chairman jay powell said easing monday will be in place a long time said quote we are a long way from a strong jobs market. china in focus this morning again, president biden holds first phone conversation with chinese president xi jinping. want this as we learn that china has detained a top tencent executive, corruption charges for allegedly selling you'res data at wechat we're on it all morning long in washington impeachment 2.0 rolling on lawmakers looking to dismiss it as political theatric where are jobs where job openings are poised to bounce back after the pandemic, it is party time, tom brady having too much fun after scoring 7th super bowl victory, making a buzz this morning, wait till you hear about partying we will tell you about it "mornings with maria" live right now.
maria: european markets are higher tractionly ft 100 up 1 1/2 contact contact up 2 points dax in germany up 58, european commission says that eurozone 2021 growth will be less than expected, it is, however expecting a strong recovery, in 2022 in asia overnight markets largely closed for the lunar holiday hong kong was open finished up about one half of 1%. markets pointing to root record opening this morning after federal reserve chairman jay powell spoke out about ongoing economic recovery yesterday, here is jay powell. >> near-term policies that bring to ends as soon as possible are paramount workers in house hollows struggling to find place in post pandemic economy are likely to need continued support. >> we with explicitly to achieve inflation originals 2%
over yiem the following inflation persistently below 2% will end to achieve mod modrately above 2% sometime in jobs market hurting unemployment rate could be near 10% joining me cornerstone macro chief investment strategist michael, great to have you this morning. thank you for being here i want to talk about allow you laeltdz capital in recommendations give your reaction to chairman powell yesterday. >> sure, good morning, maria. good to be with you. chairman powell double down telling market rates low a very long time a focus how far unemployment is from -- maximum where focus is today how long going to take to get there. investors, continue to talk about continue to be concerned about inflation, yet in chairman powell's speech no hint at all of concern that
inflation would pull the fed to take their foot off accelerate soon expect rates long a very long time message quite bullish for equities. maria: a i mean look if you are expecting, rates to stay lower for a long time, people are looking for yield looking for a return you are not getting return on your money, so, do you stay in stocks then? do you look for companies that are paying dividends? do you wanting to real -- off the curve like many have been doing, and buy heavily in debted companies junk londz of certain companies where are you in terms of how far out on it be risk curve we should go looking for a return while rates are at these levels. >> okay. so the answer to your questions, yes, investors should stay with stocks.
yes investors should focus on district offed paying stocks. those tent more cyclical do better when economy rebounding versus with deteriorating good back tropical for dividend paying equities, the last question now do not want to go all the way out on risk curve the year to do that 2020 market first rebounded from a bearish backdrop credit spreads starting to improve from very problematic backdrop for capital. is to, the financial markets are way ahead of the economy, in terms of healing. which a ma means we are probably not going to see as great a return as the economy seems because we had so much p/e expansion last year anticipating this. so it does suggest that, yes, you want to remain in equities, but you want to start to fade what has seemed caught up a lot of euphoria especially among retail
investors instead of lower quality higher data sand highly shorted companies so stay with equities, the fundamentals -- >> fundamentals good or improving last month whether or not he talked to you about your 2021 out look the beginning of the year has anything changes michael tell us what you are expecting in terms of stocks and economic growth, how you are recommending allocating capital here, for the year 2021? >> sure, well, the biggest change beginning of the year with the -- results of the election, giving us, near-term visibility in a we're going to see stimulus soar more potential stimulus down the pipeline including lag effects of all the monetary stimulus from last year, additionally going to have -- hard to measure in model but with vaccinations returning to normal, that is going to be a constant stimulus for the
economy difficult to model find a parallel to but more people are coming back into the workforce, so earnings, income for consumers are going to continue to improve, so we will really bullish on consumer discretionary space one of the interesting things we are seeing being in markets today within housing space bullish not necessarily having stocks, but consumer stocks such as retail, durables things to buy after you buy a house mortgage rates are still all time lows despite seeing small backup in 10-year bond yield the backdrop for the consumer is extremely bullish in our opinion jobs are go, going to be improving inflation for consumer remaining quite low real income optimism should approve
cyclicald anything to financial activity with tnl shift to groups more sick semiconductors -- big in 2020 when interest rates deadlined more process cyclical, you certainly want to focus on companies good fundamentals, because expectations pretty high on wall street, sentiment quite bullish so you do not wanting to so far out of the risk curve this year again, the field isn't there investors should continue to expect positive turns just note as great as we saw from march through end of last year. >> a lot of important points there, i am glad you mentioned industrials because you have been talking about industrials a lot, of course, zeroing? on purchasing managers indices bmi what they say about industrial economy a couple news items right here, because this morning we are talking about europe, slowing down, we are heard from european
commission, saying that it is going to be, you know, less growth than we expected in 2021, and you and colleagues put out a -- a report, a week ago on 8th saying what could get done, and what takes 60 votes by sector, tell us about that, is there any policy moves that you are expecting to be important, in terms of allocating capital, changes to taxes and spending is what is allowed under reconciliation i assume driving opinion colleagues said not expecting major trade legislation minimum wage obviously, on labor one issue is there any -- any investment nuggets you want to give us, as a result of policy changes? >> i think, you know we're going to have stimulus and a policies focused more on helping the economy the job market, recovery stabilize fissure figuring how to way
for recovery higher taxes somewhat secondary but both facing investors this year we expect policy to somewhat take a backseat asi i say being macro firm markets should be less macro driven this year i think -- in -- company fundamentals really matter last year everything depended on macromackra always matters a on the but tone from -- as many matter more dig don in policy changes understand how it is going to effect rid companies, industry rather than entire broader market we don't see any major threat it is stimulus continuation of low rates low inflation, so no demand for -- from consumer higher taxes interest rates pretty good visibility goingity improving visibility on all aspects that were quite negative earlier last year, of course, including covid. maria: all right.
>> and europe you think europe slowing down? >> i think what we're seeing some of the -- the impact of covid lockdowns little more strict investors continue to look ahead for that in a way as we see this -- unique backdrop vaccinations essentially creating increasing workforce, around the world, that is stimulus. we can't measure never seen before should keep a tailwind for the global economy for sometime, so, are investors, and we are ignoring near-term negative data that was somewhat expected by markets, looking ahead so to what world is going to look like later this year early 2022 when looks pretty good. >> great to see you this morning thanks very much up. >> great reporting, and in terms of the impact of all this, much more ahead this morning holding the world health organization accountable florida senator rick scott joins me with
proposed bill to reform world health organization as it faces criticism overreporting origins of the creative. >> madison cawthorn is here with his take on the president's legal case don't miss a moment of it you are watching "mornings with maria" live on fox business. these days it can be easy to lose track of things. i did. thank you. is this clean? but taking prescriptions shouldn't be one of them. cvs simpledose presorts your prescriptions into packets by time of day, so you know what to take when. and delivered at no cost. no. learn more at cvs.com. that's healthier made easier.
maria: welcome back we are still investigating origins of the coronavirus the world health organization brorth 90 people hospitalized covid-19 symptons two months before identified on heels of announcement it is tremendously unlikely coronavirus leaped from a lab in wuhan, many people do not believe that, at all, meanwhile senators jash hawley rick scott act holding responsible until it reforms leadership joining me florida
senator armed services committee homeland security committee rick scott great to see you this morning. thank you so much for being here, it is important you are doing what you are doing because we to me in january of 2020, the world health organization tweeted out coronavirus cannot be transmitted to human-to-human this is what ccp told us, so chinese communist party told the world health organization that the coronavirus is not transmissible the who rolls over, tells the world not transmissible in fact could not be more wrong. so what is going on with the world health organization in your view? >> well they clearly not world health organization they are just a puppet for the communist party in china that is all they are, whatever they say the world health organization puts out. look at what they did they wait a year to even go do any investigation in wuhan i called on them do investigation last february took one year do you think
china might have covered anything else do any of us trust you communist china we don't what this says while we are biggest donor to o who given hundreds of millions of dollars if world health organization accountability act number one not giving you another dimon, unless you start being world health organization, get new leadership stop being a puppet for communist china, by the way, the world health organization, taiwan outing to be a member to take good action or citizens they did the opposite we've got to hold them venl very disappointed biden administration don't appear to want to hol anybody accountable they want in every country club every parade, so they're -- world health organization no accountability. >> not only that but trying to sell us this bill of goods that tells us that coronavirus did not happen as a result of accident in a wuhan lab, juror
tom cotton worked on this your colleague in the senate and said it is, obviously, that it likely did come from the wuhan lab, what once they knew the severity of this actually allowed it to escape their borders, by closing off travel, leaving travel out of wuhan to the rest of the world open. so senator, what -- will the biden administration do about this. >> nothing. i mean the biden administration had same opportunities to hold communist china whvbl joe biden was part of obama administration never held them accountable want to make friends with everybody including dictators, joe biden had a conversation with xi yesterday, did -- anything happen question did anybody happen did xi say we are not -- we have a million uighurs in prison give basin rights to hong kong citizens stop doing
american jobs no biden administration will do nothing to hold anybody accountable. >> so, he -- president biden has now, set up, time to discuss the issues of the day, with president xi jinping. and also, he has put a pentagon task force on it what do you want to say to president biden in terms of the most important issues he needs to be focused on when speaking with xi jinping? whoob about what the idea to fix relane with world health organization pack in paris climate accord potentially iran deal in have standards before you just give in take the paris accord we carry about climate why allow communist china to build coal plants we want to we are doing right thing in our country why do we want to go back into deal with iran no accountability iran is
continuing to develop nuke weapons being audience gator of middle east, xi stop taking our jobs, have joe biden used to say i will work with you if, he said i i will work with you maybe you can do something nice for us. it is not going to happen anything out of xi's positive mouth is complete lie to american citizens steal our jobs steal our technology joe biden won't do anything to stop them. >> i mean, we have heard in doj that the plan from -- china is to rob replicate replace. and that is what it has been doing to american companies rob, represent replicate replace american business sees china as huge big opportunity huge opportunity to set up business there sell to people what do you want to say to -- corporate sector. >> tickcare of america first america citizens that need a
job, need to be able to get health care, save health care fair price need to be able to give open schools focus on things people care about they want jobs in america we don't needed to buy more inexpensive products communist china we don't need that we need american jobs. >> thanks so much. >> see you stay with us we will be right back. with 2 unlimited lines for less than $30 each. call 1-800-t-mobile or go to t-mobile.com/55.
it's time for the ultimate sleep number event on the sleep number 360 smart bed. you can both adjust your comfort with your sleep number setting. can it help me fall asleep faster? yes, by gently warming your feet. but, can it help keep me asleep? absolutely, it intelligently senses your movements and automatically adjusts to keep you both effortlessly comfortable. will it help me come out swinging? you got this. so, you can really promise better sleep? not promise... prove. don't miss our presidents day weekend special. save 50% on the sleep number 360 limited edition smart bed, . plus, 0% interest for 36 months & free premium delivery when you add a base. ends monday. >> welcome back where is the economic recovery, senate federal reserve chairman powell saying interest rates will maim near zero sometime as labor market struggling amid pandemic powell said real unemployment rate closer to
10% rather than 6.3% reported last friday if not to for mixed classification errors weekly jobless claim in 5 minutes' time joining us former acting director office of management and budget under president trump thank you so much for being here i want to ask about budgetary issues 1.9 million dollars on stimulus your thoughts where we are in the economy as all spending really picking up. >> yeah. thanks for having me on maria, a very concerning moment, that we are in, the economy, is picking back up, and i saw chairman powell's comments on that i think reflects trajectory more than anything. we don't have money to be able to put another 1.9 trillion dollars into the economy, particularly when there is a trillion dollars that is out there unspent, so we are trying to get our schools back open, and the reality is there is about 82 billion dollars
has not been spent they are talking about 170 billion dollars additional spending look these are real big numbers, you have you bipartisan concern emerging on the left, with larry summers last week of i think another reason are chairman powell made his comments yesterday, to keep the pressure on to move forward with the bill. and this is not going to be last big spending bill that the biden administration is coming forward with we are in a critical juncture from standpoint of the economy what we can afford. maria: you make apple really a good point because there are many on wall street, that are expecting a second spending package but that package will likely also include revenue raising ideas like raising taxes, president biden talked on campaign trail about a 4.2 trillion dollars tax increase is that is what you are expecting? is the next big bill that we see or the next big package we see spoken about in biden
administration about taxes do you think? >> it is a possibility, i think either infrastructure or climate bill remember any time talking about a climate bill they are talking about energy tax, this is administration that was part of the last one, on democrat sided of the aisle said we need to necessarily skyrocket energy prices it was necessarily because that was whole point any time talking about climate, or energy, the american people know that there is a tax increase coming their way. maria: yeah, so, how significant will that be? in terms of impact on the economy, in your view? the administration has said during the campaign, that they are only will raise taxes on anybody making more than 400,000 dollars, but i mean when you look at numbers is that insufficient to pay for all grand ideas? >> yeah, it is very concerning, wide angle lens on economy one of the reasons i am so concerned maria that not just spending, it is not just
what is needed to get economy going right now in this direction of growth. but they are redeclaring a war on energy des stabilizing our agenda a number of reforms will make it impossible to reregulate or continue reforms from president trump we are not seeing growth next four years from standpoint what we could have under last administration policies being carried forward. >> president biden nominees direct of office management and budget your old job under fire for tweets she said targeting lawmakers on both sides of the aisle louisiana senator john kennedy questioned her in senate budget committee hearing watch this. >> the comments were personal. i mean -- you call senator
sanders everything but ignorant slut. >> i feel bale about them i deleted. >> are you saying that because you want to be confirmed. >> no, i -- >> did you mean them when you said them? >> senator i must have meant them but really regret them. >> what do you think is she a qualified to take over your former roll at omb. >> you are hearing part of leftist cabinet joe biden put forward. he has tried to put forward a tone and rhetoric of moderation unfortunately has picked hard left cabinet picks throughout each one of those opportunities, so i think is part of that if confirmed by senate going to have someone, that can -- really use omb to push his leftist agenda through every single agency, and the you are someone like me, who thinks really bad for the country, going to be very
concerning. maria: people who will get hit first, of course, those people who will lose their jobs, we are waiting on jobless claims this morning, expecting 757,000 jobs -- 757 jobless claims last week, what are your thoughts on where we are on jobs right now? >> a my expectations going to vee see good direction trajectory moving right direction one of the reasons pause before going forward with 1.9 trillion dollars stimulus expansion because you know right now, we got to think through can we afford it let's spend one trillion dollars still already out there, and have a bipartisan pause before moving forward. >> all right great to talk to you get your insights thank you russ virtuality ought joining is to cheryl casone with details. cheryl: he was -- about stimulus that is a key point
here so we came in higher than expected on this estimate as you just said 757,000 we came in 793,000 for initial jobless claims not really great news this is the week ending february 6, continuing claims really economists have been targeting looking at closely, that came in, hotter than expected as well, the estimate 4.49 million we came in 4.545 million, overall in general, in total you've got across country 17.8 million folks claiming some sort of benefit, a lot of benefits to expire march of this year stimulus what is going to happen with 1. 9 trillion-dollar plan again, we are seeing higher than expected numbers we were hoping to see cases have been going down across the country for covid initially claims numbers would go down that was kind of a broader expectation here. we didn't get that. so back to you on numbers hot than expected on claims. maria: 793 throughout for the
maria: welcome back. good thursday morning. thanks for joining us. i'm maria bartiromo. thursday, february 11 look at markets half an hour ahead of opening bell one hour away, dow industrials holding on to strong double dym move up 72 points market begins a record territory take a look at where we are nasdaq up 71, s&p up 13 1/4 just got jobless claims numbers even though worse than we thought markets still strong we will open at 31,400 dow industrials unchartered territory european markets this morning fractionally moving european commission, saying eurozone 2021 growth rate will be less than expected however expecting a
strong recovery in 2022, as you see markets higher across the board but fractional moves across the board in the eurozone, with expectations, of a slower recovery in 2021, in asia overnight most market closed for lunar holiday hong kong was ep finished up one half of 1%, all eyes on capitol hill, former president trump impeachment trial resuming as democrats have 8 more hours, to say that they preevidence trump's legal team will have 16 hours to predefense spread out over two days joining me north carolina congressman madison cawthorn good to see you thoughts what you have heard out of this impeachment trial so far. >> maria i belief setting a dangerous precedent -- private citizens impeaching them where is it going to stop go after you mar, go after my father you start going after private
skis dangerous territory can become a weaponized political tool in the future. >> president biden says he wants unity you not seeing unity play out. >> the type of unity they are talking about is not -- there is -- soviet version silence all voices, are in reality we should about welcoming diversity of process what makes our country great. maria: let me ask you what is going on in terms of the nba, because, first mark cuban came out said we are not going to sing national anthem before games anymore the government streed with mark cuban jen psaki said he can he can do whatever he wants we agree no national anthem who reverses decision nba disagrees with cuban reverses decision from
dallas mavericks owner decided to scrap an then before games nba says all teams will play the national anthem, in keeping with longstanding league policy, congressman your thoughts. >> well, you know what? to disrespect the country that made you great make marred cuban billions of dollars makes no sense when i seared last night yesterday i felt start calling it the blm numbera or communist party of china initiative b.a. seems mark cuban is closer and closer to china the further nba gets away from america sooner we will be -- personally, i got to say very proud of numbera more national pride than white house. >> i was struck by press secretary agreeing actually, no national anthem but there is a feeling that people do not want politics in sports, that is fine. but national anthem is not a
political thing; right? i mean -- >> not political thing at all just saying you are proud of the nation -- where you are play professional sport, doesn't make any sense, to me not surprising for white house press secretary already short tenure -- the branch of military shows white house does not respect american culture. maria: let me move to some of the things we are hearing out of the congress, and president biden democrats have approved federal minimum wage of $15 an hour next stimulus package the cbo released a report saying that 15 dollars an hour will eventually cost jobs could cost americans 1.4 million jobs. how do they see this as feasible your take. >> i was in committee meeting tuesday that -- such a hotly
debated topic republicans coming at this saying if we start enacting federal minimum wage 15 dollars all over the country rural areas like where i am from the west carolina decimated moving more jobs over to walmart and amazon -- the lockdowns actually decimated all small business, and so i believe in 15 $minimum wage one will hurt volunteer fire departments, in my district two we will cost millions of jobs over a million, after all -- it is very clear to me we need increased federal minimum wage, increases cost of living make dollars -- -- inflation. >> what is the answer congressman? you know it is hard to believe, one number would be
appropriate for all different sizes across the country in terms of of the cost of living. what is the answer in terms of ensuring some people are not making under poverty level others not seeing excessive number. may be about skills and training, so that you could healthcare as governor you can have dee told us earlier maximum wage make as much as you can you have skill sets to do it but don't force small business to pay up 15 dollars an hour for everybody. >> -- one of the things governor huckabee said i think the best way to nourm maximum wage paid to american citizens is stop forcing children having four-year degree education, i believe we should be encouraging more -- we need more electricians plumbers six
figures a year easily, i think we need less government over regulation, west north carolina exact same minimum wage as downtown boston what i believe we need more opportunity zones like -- allowed places to actually have less regulation and create more jobs, composition raises wages overall. >> you make a lot of good points, enrollment is down in a lot of areas, are of schooling, as dagen pointed out many times on this program, parents are making decisions, because certainly in lower schools kindergarten through 12 parents making decisions to yank kids out because they don't want to put up with what is taking place this year, on schools over the last year, congressman good to see you thank you so much we will talk soon madison cawthorn joining us there a short break when we come back where are jobs specifically
the skills in high demand how they can help you find the best job at the best wage. that is coming up, another pass completion to tom brady partying a little too much to celebrate 7th super bowl win yes, that is the super bowl trophy in the air oh, boy we tell you where it went you are watching "mornings with maria" live on fox business. ♪♪ ♪♪ ♪♪ sfx: [sounds of fedex planes and vehicles engines] ♪♪ sfx: [sounds of children laughing and running, life moving forward]
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jobless claims hitting the tape earlier this morning coming in a little worse than expected, 793 thousands claims filed last week virus 760,000 the chief economist indeed.com, it is great to have you indeed has become so popular, the "wall street journal" reporting job options are picking up in pandemic industries and we want to hear from you, at indeed given the popularity of indeed so helpful for so many of our viewers where specifically do you see job openings right now. >> -- thank you for having me maria, we are seeing job options very strong in many sectors that support the stay-at-home economy, warehouse jobs driving jobs jobs help get people at home -- as well as construction big boom in new construction as
well as remodeling people thinking differently about things they want to do at home instead of going out to gym to eat, and, of course, to work from home, keeping children at home. >> have so, you are seeing, important industries thriving despite the pandemic. things like construction, you know, where interest rates have been a big boost things like, retail, certainly online retail. are wages moving up in those areas where we actually have seen success? >> so that for people able to hold on to their jobs, we -- fairly well we've seen in a lot of data that people are getting -- the pane if hourly wages hold up weekly take home
amazing down a bit data around wages, there has been a lot of so many low-paying jobs during the pandemic. so to see that clearly but for the most part people able to hold on to their jobs and keep up hours, are can see wages fairly -- >> where do you see highest wages where are best paying jobs? >> a many best paying jobs are still in jobs that do require more education. jobs like tech, course continue to earn more than most other professions this is where a lot of high wage work is, there are also, high wage jobs in public parts of the health-care industry parts of the construction sector, many of the low wage jobs, of
course, suffered -- leisure hospitality jobs terrible hit during pandemic also jobs that do pay less a lot of people who depend on throw away jobs suffered the most in this pandemic. >> and how do you look at the broader landscape the economy or chief economist at indeed, we've been talking a lot about you know, where this strength is in the world europe slowing down what is your assessment of the global recovery right now. >> at a at this point recovery still depends on what is happening with virus and vaccine the sectors that depend on virus going to under control we have seen backsliding in hospitality, food service, he personal services, but good news is sectors that hire longer term expectations, tech, finance, these jobs that are making a
bet on where the economy will be a year or two from now have picked up hiring so more short term pain more longer term confidence. >> we will have to wait more, good to see you come back soon thank you, sir. . >> coming up hearting hard tom brady shows off incredible arm after the super bowl the video that is making a buzz this morning where did the super bowl trophy land? we tell you all about it. stay with us. i'm a mother of four-- always busy. i was starting to feel a little foggy. just didn't feel like things were as sharp as i knew they once were. i heard about prevagen and then i started taking it about two years now. started noticing things a little sharper, a little clearer. i feel like it's kept me on my game. i'm able to remember things. i'd say give it a try. prevagen. healthier brain. better life. keeping your oysters business growing has you swamped.
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youing the lombard oi trophy off his boat on to rob gronkowski's vote on another "gronk" caught with ease like he did to help win super bowl, in the water dagen a heart stopping moment. dagen: especially since tossing to "gronk," history dwrofrng two years ago put a dent in lombardi troif using it as baseball bat at fenway threw a baseball, at "gronk" hit with lombardi trophy a big dent in it still there to this day basin my research tom brady was a little tipsy my impression of him hick, sea legs tequila knees, there you go.
maria: fun you have to give it to him energy performance seven super bowl wins! for tom brady. >> awesome the goat right deserves to let loose a little bit, be a human being once in a while amazing, but "gronk" if you are watching can you please be friends we need to hang out man very soon you seem like a lot of fun i am a fun guy let's do this buddy. >> you saw "gronk" in hotel years ago in miami wearing a spongebob backpack hanging out it wag -- >> i love the fact retired then came back, when tom brady said i am going to the bucs you coming with me. >> indeed. >> awesome, i mean you saw him do it again in super bowl, it was great. >> absolutely more "mornings with maria" live on fox business right after this. ♪♪ ♪ful.
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maria: great show. thank you for joining us. its thank you to dagen mcdowell-- dagen mcdowell and mark. have a great day. "varney & co." begins right now. take it away, stu. stuart: good morning. for investors, is this a goldilocks moment or what cracks you know, not too hot, not too cold, just about right. 5% growth expected this year, up 25% jump, trillions of dollars and into the economy congress and the federal reserve, new covid cases it down 36%, death down 22%, we are vaccinating close to 2 million people a day and for investors, what could go wrong? new highs are coming first thing this morning it's bee