tv Mornings With Maria Bartiromo FOX Business September 10, 2021 6:00am-9:00am EDT
number on your screen. larry: senator manchin is right, it's time for a tax and spend pause. and secondly, tomorrow night jim glassman, kevin has set and the famous dow maria: good friday morning, everyone. thank you so much for joining us. i'm maria bartiromo and it is friday september 10th. your top stories right now 6:00 a.m. on the east coast. a new vaccine mandate. president biden facing backlash over sweeping new vaccine mandates on millions of americans. >> this is not about freedom or personal choice. it's about protecting yourself and those around you. maria: but any company with 100 employees or more must mandate
the shot or submit workers to weekly testing. republican governors are vowing to fight back. markets are higher. futures with triple-digit gain at the start of trading, dow up 167 and s&p by 16 and nasdaq higher by 50, markets rebounding after dow and s&p 500 posted fourth day of losses weighed down by the spread of delta variant and taper concerns as well. at the close dow industrials were down 151, nasdaq 58 and s&p by 21. the cac quarante up 16 and dax higher by 46. in asia overnight, green across the board. honing on the was the best performer, hang seng index overnight up nearly 2%. mornings with maria live right
now. now top stories that we are watching this morning. los angeles unified school district now requiring all eligible students age 12 and up to be fully vaccinated. first large district in the country to mandate the shot for children. the board saying this must be done by january 10th although there will be some exceptions. to double fine on travelers who refuse to wear mask at the airport. first-time offenders can see fines up to a thousand dollars and $3,000 for any repeat offender. the pentagon is now warning of a potential resurgence of al-qaeda in afghanistan. this as the biden administration is working overtime to defend botched role. peter doocy confronted white house press secretary jen psaki yesterday. >> they are saying the taliban is business like and professional, their interior
minister has an fbi poster and pontio on his head. >> we are here to celebrate the return of american citizens who want today leave afghanistan. in order to get those people out, we had to work with some members of the taliban to press them into work a business-like manner to get them out. >> at this point 200 people including stranded americans and allies landed in qatar yesterday on the first evacuation flight since the withdrawal of u.s. troops and other flight is expected to leave afghanistan today. biden's own federal investigation came up short with any assistance from beijing. the relationship between the u.s. and the chinese communist party, of course, has been boiling over with clashes over
beijing's ip theft, totalitarian behavior across the world. bullying its neighbors, trade deals and, of course, the cover-up of the coronavirus pandemic. markets this morning are higher in triple digits. we are looking at pretty good opening this morning. dow industrials up 161 and s&p 16 and nasdaq higher by 52. stocks rebounding after all 3 major indices finished session lows yesterday. concerns over slowdown in the u.s. economy and that certainly is creating worries about growth and we are also watching inflation. this morning we get the price index coming out at 8:30 a.m. eastern. joining me to talk about investing in the environment global president dominic tavela and all morning fox business dagen mcdowell and fox news contributor joe concha. thank you so much for being here. dominic, kicking things off with you, are you worried about economic growth and the backdrop
with which to invest? dominick: the evidence is starting to become clear every single day, maria. you were spot on. we are looking at things like covid which had a huge spike starting to roll over but breaks in the economy. we see employees still not wanting to go back to work and companies not being able to hire. that's putting the brakes on economic growth. we are seeing inflation that's forcing both employers and companies not to go ahead with projects and consumers not willing to spend. we have number of factors and each one maybe not dramatically affecting the company but when you start putting altogether we are seeing slow economic growth. it's tapping the brakes on growth. maria: yeah, and then there's also the unknown on the horizon, right, dominic. right now president biden is trying to jam through the 3 and
a half trillion dollar spending package: that's going to include much higher taxes. you have a list of quote, unquote, offsets where they can raise revenue. 33.4% capital gains tax, 28 to 30% corporate tax, do you want the start getting defensive? dominick: you clear i will have to. when consumer confidence goes down, they hold tighter to their money and not willing to spend it and when you look at headline risk, it puts a damper on the spending. on the other side which is the corporate side, hey f my profits get cut by 5, 10, 15% that's right to the bottom line. we look at the s&p trading at 22 times forward earnings, that's on the expensive side and not outrankingous. you takeaway 5, 10, 20% if tax rates went up and the markets
have to correct. so it would have significant economic both individual and corporate economic effect that f they went ahead with tax increases. maria: yeah, i agree with you on this especially since they are coming off record highs. so the market is going into any change in policy with huge premium and then there's this, the china story. you look at the crack-down, chinese government giving guidance on worker protections for ride-hailing companies and china also forbid those under 18 for playing video games more than 3 hours a week. more rules coming from the ccp as it really does this power grab on so many industries, all of this as president biden and chinese president xi jinping has a phone call last night. we are trying to get the substance of that call and i'd like to know whether or not president biden once again skirted the issue of the coronavirus or did he actually
confront xi jinping on the origins of this coronavirus. what's your take on the china story whether it'd be the threat of the ccp wanting to overtake the united states as the number 1 super power or china's new regulation, are they affecting the way you allocate capital? dominick: so two things, they started earlier in the year and cracking down on technology companies. what's going on over there, this is a little water. it's not usually their behavior but they do control the economy but they have let their industries, corporations kind of help grow their own network, their own country net worth and their own dominance, economic dominance over the world. all of a sudden they are really starting to crack down and so rolling crack down, they go from one to the next one to the next onement right now it's kind of internal, clearly the china markets have been affected but if it start affecting the supply
chains and product coming out to us and the rest of the world that has significant economic impact. if it affects how american businesses and you know it will, maria, if it affects american businesses being able to do business there, that has dramatic effect. we really have to watch this very, very closely and i don't think we can be very passive as a country in a global inter-connected world, we can be very passive and let them do whatever they want. so i think a firm stance is in order and must happen. maria: yeah, we are waiting for that policy that has any teeth on it out of the biden administration. no luck so far dominick but we will see about that. >> there are significant geopolitical economic risks here. maria: yeah, dominick, good to get your take on all of that, thank you so much. >> thank you, maria. maria: dominick tavella.
we are just getting started. outrage over president biden's sweeping vaccine mandates. americans fighting for personal freedoms as white house imposes restrictions on 101 million americans. and this morning we will remember 1/11 now 20 years later. former nypd commissioner ray kelly and dick grasso in an exclusive. joining me with their personal stories from that tragic day. you are watching mornings with maria live on fox business. my retirement plan with voya keeps me moving forward. they guide me with achievable steps that give me confidence. this is my granddaughter...she's cute like her grandpa. voya doesn't just help me get to retirement... ...they're with me all the way through it. voya. be confident to and through retirement. that spin class was brutal. well, you can try using the buick's massaging seat. oh. yeah, that's nice. can i use apple carplay to put some music on?
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i got to work before 7:00 a.m. this that's day to my office at the new york stock exchange as i had done every day for many years working for another work on the stock exchange trading floor. by 10:00 a.m. i was on my feet outside wall street on the corner of wall street and broadway just a few blocks away from the carnage. watch. >> very tragic alert for you right now, incredible plane crashed into the world trade center at the lower tip of manhattan. [sirens] maria: it was then white house chief of staff andy card who whispered the news into president bush's ear. it would be america's darkest day now 20 years ago.
>> today we've had a national tragedy. two airplanes have crashed into the world trade center in an apparent attack on the country. pentagon targeted and another hijacked plane. flight 93 crashing in pennsylvania. on wall street the explosion of the first building to come down was being felt in realtime. >> i just came back from outside and i'm covered with soot. basically i was outside when the third explosion occurred. the whole area turned pitch black when the third explosion happened. i don't know if you could see my jacket and my shoes but i'm
completely covered in white smoke. >> freedom itself was attacked this morning by faceless coward and freedom will be defended. maria: i'm standing in the very place that i reported from 20 years ago after the attacks and what was most important for me that day was to communicate to the world that everyone was accounted for here at the new york stock exchange. >> it was a real effort -- >> and sadly we got the same message and my folks were trapped for 6 hours in the building. >> you knew not to follow the same guidance. >> i said today, david, get them out now. i don't care what they're saying. maria: outside of the debris was flying. there was papers and steel and
just massive smoke in the air, the entire area was pitch black when the building came down. the first responders, america's heros, the police department, fire department of new york and port authority police rushing in as people rushed out trying to escape the slains black smoke, flying debris and cement. we lost 2977 friends, families and first responders that day. president bush then 9 months during first term of commander in chief swore those responsible would be held accountable. >> i can hear you. the rest of the world hears you and the people -- [cheers and applause] >> and the people who knocked the buildings down will hear all of us soon.
maria: the following monday, six days later, sadness with hope. monday september 17th, 2001. the world was watching standing tall for america. maria: i will never forget the feeling i had on the floor looking up to this podium where you stood there ringing the opening bell with the firefighters, the nypd, the first responders, the mayor, the governor, senators and you were making a statement. we were down, we were in mourning, we-friends, but we would rise again. >> we all stepped aside so the real heros are 9/11 cops, firemen and it sent the message to the rest of the world. terrorism will never win. if you bet against america, you
will lose. maria: that morning on the podium to ring the opening bell at the new york stock exchange, the sound of our freedom and liberty that day, the firefighters, first responders, the nypd, the port authority police with dick grasso and the mayor, new york governor and senators. we stood tall in the face of evil. ♪ ♪ maria: rebuilding at the world trade center site was to be a sign of america's resiliency and that task felt to larry who right before the attacks had secured a deal to acquire america's largest towers signing a 99-year lease two months before their collapse. >> you learn so much by looking at what happened because of the collapse and as a result we designed a whole new era of
structure in sky-rise office buildings today to make it the safest buildings ever built in america. maria: center piece of the plan, one trade center and opened doors and 76-foot tower rising from the ashes of america's darkest day to redefine the iconic new york city skyline and represent the spirit of freedom. maria: wall street 2021, the heart of the financial center, not so much anymore. it's much more residential, a lot of security around the new york stock exchange and plenty of tourists. >> there are so many things that have changed. maria: current new york stock exchange president stacy cunningham was a trader on september 11th and witnessed changes firsthand. >> you really saw lower manhattan involved as the neighborhoods responses to event
that is we learned from and they are all defining moments and make us who we are today and 9/11 make us one of those moments. maria: footprint of the original towers has since been memorialized but man-made waterfalls in the country. nothing will be built on the sacred land where our heroes left us and the 9/11 museum was built on the site to preserve and display physical artifacts from the towers and to tell firsthand stories from those who were there. we will never forget the brave and courageous who embodied america the beautiful, america the free. and we will have more of our coverage 20 years later coming up in the program, former new york stock exchange president and ceo dick grasso will be here live and he will join me with
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>> taliban is business like and professional and the secretary interior minister has an fbi wanted poste. we had a 10 million-dollar bounty on his head. >> we are here to celebrate the return of american citizens who want today leave afghanistan. in order to goes those people out, we had to work with some members to have taliban to press them to work in a business-like manner to get them out. maria: that was peter doocy doing a great job and white house press secretary jen psaki defending the administration's praise for the taliban meanwhile defense secretary lloyd austin says al-qaeda may attempt to make a comeback in gabs following the withdrawal. no kidding. dagen mcdowell, your thoughts on this, she says in order to get people out they needed to work with the taliban, no, no, no. in order to get people out they
needed to leave bagram air base in place and take people out before we took troops out but that she's not going into. dagen: indeed, maria. general mckenzie said the taliban was helpful as the u.s. was winding down operations, pragmatic and business-like. biden and company left americans and allies and partners behind. we abandoned them and there was no way to get these americans and allies out without kowtowing to a violent, dangerous terror group, the taliban. biden and company had to make nice nice with an enemy because of their -- because biden company failings in order to get americans and others to safety. they are using this language talking about a terror organization that our military
fought against for 20 years. a terrorist organization that named and killed and injured our troops year after year after year. biden and jen psaki and everybody involved, they are spitting in the face of those who made the greatest sacrifice, their families and those people who were injured as we were at war in afghanistan and adding that -- more injury to that injury is the fact that biden and company have recreated the conditions on the ground in afghanistan that led to the terror attacks 20 years ago tomorrow. it is a sanctuary and a heaven for al-qaeda and other terrorist organizations and the only question now is how long does it take before there's another terror attack on american assets or on our homeland. disgusting cannot a strong enough word to describe what joe
biden and minions have done to this country and all those who have served it. maria: yeah. spot on. you're absolutely right. i agree with you and what do you want to say joe biden to all of our troops, someone like veteran and congressman ryan mast who lost two legs and a finger while he fought for america's freedom in 2010. that's just one of so many of our troops who have put their lives and their families' lives on the line only to be abandoned at the end of the day. we will keep following this and keep a spotlight on it. we will take a short break. we are looking at democrats pushing forth on 3 and a half trillion dollar spending plan. no worries about afghanistan, wide open border, let's just spend up to $5 trillion on a green economy. texas congressman jody is here, he calls it the largest reimagination of the role of government coming up. stay with us.
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maria: welcome back, good friday morning. thank you so much for joining us. i'm maria bartiromo and it is friday september 10th, a lack at market this is half an hour where we are expecting gain at the start of trading this morning, futures indicating triple-digit move for the dow industrials. dow industrials up 183 and s&p up 17 and a half and nasdaq higher by 55. very good firm tone as we await the august producer price index, producer level at 8:30 a.m. we will get the numbers for you at two hours time. markets rebounding after 4 straight days of losses. posted fourth straight day of losing with industrial average down 1511 and nasdaq 38 and s&p lower by 21 at 4:00 o'clock on wall street. where we did find the ecb has plans to start tapering back the stimulus, the ftse 100 up 25 and
cac quarante up 23 and dax index high -- by 52. in asia overnight, green across the board. best performer hong kong, about 2% on the session. the others higher across the board. in u.s. manhunt underway for suspects that shot 6 people in illinois. cheryl casone with the dejails. cheryl: the suspects crashing into a commuter train in a dangerous get away attempt, police say the six people were shot in downtown area of east st. louis, a child also injured there. all 7 hospitalized in unknown condition. ten train passengers were treated for injuries on the scene of this incident. well, the trial of elizabeth holmes put on pause after one of the jurors may have been exposed to covid. holmes is accused of defrauding investors and patients of course, when she was running
theranos, if convicted she faces 20 years in prison. door dash, grubhub and uber eats suing on amount of commission they can charge restaurants and calling unconstitutional. they are asking for an injunction that would prevent the city from enforcing the ordinance along with monetary damages and they also want a jury trial. well, prep rayings are already underway for the holiday shipping season. ups and the postal service are looking to hire more than 140,000 workers combined. the push amid labor shortage with many companies struggling to find enough workers. ups has qualified applicants will receive job offer and get this 30 minutes of a applying. last year dramatic jump in shipping as many shopped online due to the pandemic and caused a lot of delivery delays, maria. ups as you can see higher in
premarket. back over to you. maria: all right, cheryl, thanks very much. big week for congress. taking a step forward on biden's massive spending free. the house ways and means committee began working on massive 3 and a half trillion dollar package as committees are marking up this plan, they advance 12 weeks parental and medical leave mandated businesses and automatically enrolling employees in retirement plan and more funding for child care and one house democrat did voice opposition during yesterday's markup threatening to vote against it over rushed process and the large significant price tag, joining me right now texas congressman member of the house, ways and means committee jody arrington, congressman, thank you very much for being here. thanks for being here. what can you tell us? right back at you. what can you tell us in terms of the market yesterday? >> well, i can tell you that the onslaught of the largest
expansion of government and the reimagination of government's role in the life has ensued, whether they can successfully get it across the finish line or not, that's still to be determined but the fact that you have democrats breaking so early in the process which is very rare and it's not just stephanie murphy from florida based on process, there are substantive issues that and exception that is democrats have taken like long time on wisconsin, so we are seeing some fishers here that could cause problems down the road for sure. maria: yeah, what about the menu of offsets that we are talking about. i know that the democrats certainly are pushing to ensure that there are ways to pay for this. some democrats anyway like joe manchin. but i want to get your take on what the discussion is
surrounding the tax increases and how to pay for it because i know that senator widen's plans include things like an excise taxes on things that have large stock buyback plans and excise tax on companies that have high salaries for their ceo's and also talk of much higher taxes for wealth and investment like a capital gains tax going all the way to 43.4%, are these realistic plans? congressman: you know, i don't think they are going to realistically accomplish all of the litany of taxes that they want to levy on the american people most of which will be born by small businesses and working-class folks but they are going the raise business tax rates higher than communist china and that's at least in their plans. they have plans, senator to repeal 20% that small businesses get. 21 million small businesses
receive $66 billion in a tax break incentivize growth and job creation and you have death tax that would be the death of family farming and you also have an assault, all-out assault on fossil fuels. that's just mentioning a few and, again, this will make america less competitive, it will make it impossible for us to recover by the way this is on top of the tax on every man which is the inflationary effects from the massive spending that we have seen to date, so again, the politics of this make it very difficult with the 3-seat margin in the house and only one seat to thread the needle in the senate. maria: yeah, i want to bring in one of the panelists here but before we go anywhere, let me get your take on foreign policy right now because last night we learned that president biden had a call with xi jinping, the paid
of communist china. they gave us a readout of the president's call with xi jinping and there's absolutely no details whatsoever in this readout about what they discussed and whether or not the president brought up the origins of the coronavirus. that, of course, you have the debacle in afghanistan. what are your thoughts on china and the u.s. and this call with joe biden last night? >> well, i have no confidence in chief executive and our commander in chief. i suspect most americans don't. in terms of presenting a strong foot for our country, putting america first and not seating to the likes of china and we saw the surrender retreat because of the we haved withdrawal in afghanistan but all that we've talked about with this big tax is unilateral economic
surrendered to china and we have certainly done nothing to hold them accountable for the origins of covid. we joined the world health organization without even a legitimate investigation of there being complicit with china so now very little confidence that this president is going to do those things that need to be done to be strong and tough with china and he's done nothing to enforce our trade agreement that trump negotiated where they made the largest purchase of american products in the history of 30-year relationship so i think that thing is going to dissipate as well and they are going to probably reset to their stealing and cheating and taking advantage of the, you know, american economy and our generous trade relationship with them unfortunately. maria: well, that's exactly -- that's exactly what they've been doing and it's clear congressman that we are a lot less safe today than 7 months ago when joe
biden walked into the oval office, defense secretary lloyd austin told a group of reporters yesterday that al-qaeda could resurge in afghanistan. he said, quote, the whole community is kind of watching to see what happens. now we are just watching to see what happens. by the way, you mentioned the world health organization. the director of the w.h.o. is up for reelection, okay. so this is the guy who repeatedly endorsed the china communist party slow and secretive response to covid-19, helping china and the ccp conceal the origins of the outbasic. ted rose is up for reelection. we haven't heard a peep out of the white house from this. do you think biden is going to put somebody in there that we are going the actually be able to trust? >> absolutely not. and if he was going to have any leverage to oust tedrose he would not have re-joined the
world health organization. we are paying $120 million to join this organization that, again, was complicit with china. china is the real threat and they pay half of the rate to be part of this world health organization which is -- has done nothing to serve america's interest for sure and by the way, secretary austin need to tell us something that we don't know and he needs to be held accountable along with other cabinet heads and generals. everybody that was involved in the botched evacuation and withdrawal needs to be held accountable for either in the giving the president the right advice or not standing up to the president and for -- for his incompetence in putting the lives of our troops at risk. that's going to be forthcoming for sure. maria: yeah, absolutely no accountability. this is obama's national security team in place begging to get back into the iran deal, botching up the afghanistan
withdrawal, shutting down bagram air base which was incredibly strategically located for the united states. congressman, we are going to keep a spotlight on it and we will have you back soon to talk about it. thank you very much, sir. we appreciate you congressman jodey arrington. stay with us. we we will be right back.
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>> this is not about freedom and perm choice, it's about protecting you and those around you. what more is it to wait for? what more do you need to see? we have been patient by our patience is wearing thin. maria: that was president biden slamming the unvaccinated while announcing new mandate that is will affect 100 million americans. the mandate affects federal employees and contract workers and health workers but the president also yesterday took it to the private sector announcing private-sector workers at large companies will be subject to vaccine mandates or weekly testing. he said any company with 100 or more employees will put that mandate in place. joining me right now dr. marty
makary, he's a john hopkins school of health professor and former world health organization official. dr. makary great to see you. your reaction of the biden administration? >> those aside, i can tell you from the medical side there are concerns i have. right now, for example, the interval between those first two doses maybe too narrow. we should probably be recommending the dose at 3 months and that may be the best interval. we can't do that with this mandate. second of all, in adolescence the dose is too high because kids do get mild carditis and one doze and natural immunity was not mentioned once. at least 101 million americans have immune protection 27 times more effective in preventing symptomatic covid according to israeli data and that was not
mentioned once. they don't have to get a vaccine. they can get one dose but they should not be required. maria: i love all of these ideas, dr. makary. i have not heard you discuss these ideas before. this is really important, all of the things that you just said. let's go through them again. number 1, in terms of the distance or the time between the vaccines, i was looking at the mayo clinic study where it said that in the seventh month these vaccines lose immunity significantly. according to mayo clinic study the moderna vaccine goes from 90 plus percent all the way down to 76% and the mayo clinic study has the pfizer vaccine going from 95% all the way down to 41% in the seventh month so your point about stretching it out and doing a second shot after 3 months makes a lot of sense. i don't understand why this administration constant i will says we are following the science as the science when, in
fact, you laid out the science and you said it makes no sense to get second shot in 3 weeks and talk more about that and number two, the whole idea of immunity from the infection. i agree, why is the white house downplaying the immunity that one gets from the infection and even dr. ben carson was with me, when you look at the people who have had covid and vaccinated, 85% of the country can now with immunity, why are we -- why are we downplaying the fact that if you had covid you said it's 26 times more immunity than the vaccine? dock -- that's right. that's right. the data are now clear and it's withheld the test of time. natural immunity is real and effective and those healthcare workers that risked their lives early onto take care of covid patients, they have circulating
antibodies. and by the way, many vaccinologists are saying the first two doses were too close together they essentially functioned as one dose. the magic number may be two but the second dose needs to be months out and that's why i got my second dose 3 months after my first. maria: you did, wow. okay. so that's also really important information for people. let me quickly get your take on children, the la school district is mandating all students over the age of 12 to get the vaccine. is this a measure that's going to be effective since younger students will not be involved. you just also raised an issue in terms of the dosage for kids. doctor: well, first of all, about half of the kids in the united states, about 25 million may have natural immunity from prior infection. most of the time asymptomatic. again, we should not be requiring immunization of those already immune even if they are under 12 years of age. second of all, we are not really sure what the right dose or
interval or scheduling should be for kids. one dose of the covid mrna vaccine was 100% effective in kids 12 to 15 in israel. that's powerful data. maybe that's the right approach. maria: it sure is. gate information from you and we appreciate your time and work on all of this. dr. marty makary joining us this morning. stay with us, we will be right back. ♪ ♪ ♪
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so many people are overweight now and asking themselves, "why can't i lose weight?" for most, the reason is insulin resistance, and they don't even know they have it. conventional starvation diets don't address insulin resistance. that's why they don't work. now there's golo. golo helps with insulin resistance, getting rid of sugar cravings, helps control stress, and emotional eating, and losing weight. go to golo.com and see how golo can change your life. that's g-o-l-o.com. maria: welcome back, it's time for the morning buzz. facebook and rayband teaming up people to capture life without a phone getting in the way. rayband stories, smart glasses including tinny recording light, two 5 mega pixel cameras and microphones, images and videos taken by clicking small button
and safe to the glasses and can be downloaded into your phone with the facebook viewing app. i don't know, joe, it's a little creepy. i don't know what you think about the glasses. the problem is when you are recording the conversation and taking pictures or whatever you're doing with the glasses, people may not know it. is this cool or creepy? joe: i think a lot of people will use that for this reason. i am going with creepy because this is a thing with facebook, maria, accessing personal data, personal situations. they may be adding from what i'm reading facial recognition to this as well. when you're talking to the person you'll automatically know who it is and when you post it on facebook that person is on there as well all without knowing. yeah, creepy times ten, maria. maria: dagen, what do you say? >> yeah, big no for me. every bit of information that i have given to facebook about my -- the whole business is based on collecting more, more personal data on the users. everything i've ever told
facebook is a lie. i'm really 32. and i go back and change the -- i was born in the year that i actually graduated from high school at least facebook thinks that. [laughter] joe: amazing, i'm only 36 on facebook. maria: there you go. all right, quick break and then investors are waiting inflation data this morning. we are watching also the federal reserve's next move. we are breaking down everything that you need to know with the word on wall street coming up next hour. mornings with maria live on fox business. ♪ ♪ ♪ ♪ ♪ ♪ ♪ hey google. ♪ ♪ ♪
at capsule.com maria: welcome back. good friday morning, everybody. thanks so much for joining us, i'm maria bartiromo. it is friday, september 10th. your top stories right now, 7:0e east coast. the biggest power grab yet, president biden ordering all federal employees to be vaccinated and then going into the private sector, saying employees with 100 or more workers either need to mandate a
shot or submit to weekly testing. >> this is not about freedom or personal choice. it's about protecting yourself and those around you. maria: the announcement sending shock waves across the country, governors and employers ready to push back on biden's war against the unvaccinated. we're following the legal ramifications of this order all morning long. check out markets, looking to end the week on the plus side, dow industrials at the highs of the morning with a triple digit of move, up 176, the s&p up 18 and a quarter, nasdaq higher by 62 as we wrap up another week. this morning with a gain. all three major indices finished near session lows yesterday. we are waiting on some inflation data. it has been inflation and worries about a slowing economy pressuring stocks. yesterday the dow industrials were down 151, the nasdaq was down 38 and s&p lower by 21, we'll get the producer price index for the month of august out in an hour and-a-half,
8:30 a.m. eastern. european markets are pointing up, the ft 100 showing a gain, as is the cac and the dax index higher by 72, fractional moves across the board in europe. in asia overnight, green across the board with hong kong the top performer, hang seng up 2% overnight. "mornings with maria" is live right now. now some of the top stories take we are watching this morning. the los angeles unified school district requiring all eligible students ages 12 and up to be fully vaccinated. this is the first large school district in the country to mandate the shots for children. the board says this must be done by january 10th. although there will be some exemptions. president biden instructing the tsa to double the amount of fines on travelers who refuse to wear masks at the airport. first time of fenders could see a fine of up to $1,000 and a repeat of.
fender will face a fineof $3,00a mask. pentagon warning of a he potential resurgence of al-qaida in afghanistan as the pie buy done administration is working to change the conversation. peter doocy confronted jen psaki yesterday. >> the taliban is business like and he professional, their interior minister has an fbi wanted poster. he has a bounty on his head. >> we are here to celebrate the return of american citizens that wanted to leave afghanistan. we had to work with some members of the taliban to press them and to work in a business-like manner to get them out. maria: well, so far we know 200 people including stranded americans and allies did land in qatar yesterday on the first evacuation flight since the
u.s.'s withdrawal. another flight is expected to leave afghanistan today. president biden meanwhile holding a call with chinese president xi jinping last night. this was the first call between the two leaders in seven months. it is unclear whether biden raised the origins of the coronavirus with the communist leader as biden's own federal investigation came up short with any assistance from beijing. the relationship twain the u.s. and the chinese communist party has been boiling over for a few years, clashes over beijing's intellectual property theft, totalitarian behavior across the world, bullying neighbors in the south china sea, invading india, trade deals and the coverup of the pandemic. the department of justice is suing texas over the heartbeat a law, attorney general merrick garland calling the you law, quote, clearly unconstitution aal. this challenge coming after the supreme court declined to block the bill which bans abortions at six weeks. or beyond. once a prenatal heartbeat is
detected. time for the word on wall street top investors watching your money, joining me now is chief economist, lindsey piegza and rose cliff capital ceo and managing partner, mike murphy. great to see you both. thank you for being here. mike, want to get your take on growth. markets are higher this morning after stocks closed near the lows of the day yesterday because of this worry about growth and the worry that we've seen the best we're going to see for some time. your thoughts on investing, putting new money to work today? >> good morning, maria. there's a lot of pessimism out there in the markets right now, a lot of people saying what you just said, that it's as good as it's going to get, we're due for a pullback, we haven't seen a pullback. and really, maria, i couldn't disagree more. you know, you were there on the floor of the exchange for the dow 10,000 and then we had the dow 20,000, you will see the dow 40,000 very soon. so although there may be a pullback and a if covid is out there, that's a concern that could hit the markets if it gets
worse, if the biden administration tries to put policies in effect that will slow growth more, that could slow things down. geopolitical events could slow things down. but take all of that out of the way. you see massive growth, maria. big tech that you and i talk about often continues to innovate, continues to generate higher earnings. so right now for people watching at home, you can invest today, you can invest next week, you want to put your money to work in this market. maria: i think this is a great point that you're making, mike, and i agree with with you, long-term the best way to to have wealth creation is investing in equities and companies that pay dividends but you also have to ask yourself at what price, right, mike? i mean, we're still near record highs, s&p 500 about 1% away from its all-time high. should i wait for a better entry point? right? i mean, you're investing in growth in your company all the time. you found some great growth stocks from healthcare to ride
hailing and beyond. where specifically is the growth? and is it reasonably priced? >> okay. so i think that's the very important question, maria. and the answer is, you don't want to wait for a pullback unless you know, a, when the pullback is coming and then b, when the pullback's going to stop and we're going to resume our move higher. i would say for certain the market will hit new highs again. it may pull back 1%, it may pull back 5% but for me, you're worse off waiting on the sidelines for a massive correction than you are putting your money to work on a regular basis. the market has been hitting new highs throughout history. maria: yeah. it makes a lot of sense, just to not try -- not try to time the market. but lindsey, that macro story is important and we want to get your take on the macro story. companies are looking to lure people back to the office, extended jobless benefits are coming to an end.
amazon is even offering to pay college fees for 750,000 u.s. workers, pretty good perk there from amazon. do you think these benefits are going to bring people back? and what does that tell us about the recovery that you're expecting? give us your sense of growth right now. >> i think likely we will see the workers eventually return to the labor market but i do suspect that the path hadway back to the labor force will be a lot lengthier, longer than we would anticipate, in good part because these enhanced benefits were so generous, moratoriums on rents or evictions, coupled with additional checks arriving in the mailbox because of the enhanced child tax credits. many americans were able to accumulate savings, accumulate a cushion that will carry them for some time going forward even in the absence of these enhanced unemployment benefits. so many anticipated that because this was not indefinite, however, that workers would already be out looking for jobs, looking for their next source of
permanent income flow. when we talk about companies, they're so desperate for workers as you point out, amazon offering bonuses, offering to pay tuition, most workers anticipate they'll be able to find employment at a moment's notice so this really eliminates or at least lessens the need for preemptive surge in the labor market. i do think this is going to take some time to lure these workers in he despite we've seen bonus, incentive packages, offering to pay tuition. of to the growth point, i do think that as we start to see this fiscal initiative wane from the economy, we're going to see a return to more organic growth but it will be at a slower growth profile than what we saw at the start of the year. so in the back half, we are likely to see gdp slow to about a 3 to 4% pace and as we move to next year, that could slow further back to a pre-pandemic level, near 2% gdp. maria: all right. we will be watching all of that.
t growth is growth i guess at the end of the day, lindsey piegza, mike murphy, great to see you both. thanks very much. we wanted to talk bank consolidation with anton shutz. we hope we get him next week to talk about citizens and jmp and the big deal we saw this week. ray kelly will be here, he'll reflect on 20 years since 9/11, what's next for new york city and security of this great country and then the book china does not want you to read, it is the story of survival, and outpacing the chai neat communist party. -- high chinese communist party. the author is with me this morning. the man who was there with me, i'll speak with dick grasso about being on the stock exchange floor on september 11th, 2001, 20 years ago, we will reflect. joining the conversation all morning long this morning, dagen mcdowell and joe concha. we're going to get back to this fantastic panel when we come right back. you're watching "mornings with maria" live on fox business.
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♪ maria: welcome back. this weekend we will mark 20 years since the 9/11 terrorists attacked our country, following the withdrawal of u.s. forces in afghanistan, concerns are rising once again about a potential terrorist attack against america. defense secretary lloyd austin yesterday said that al-qaida may attempt to forge a comeback in afghanistan. joining me right now is former new york city police commissioner, the ceo of the
guardian group, ray kelly, a former commissioner. great to see you this morning. thanks for being here, ray. first, let me start on -- >> good to be with you, maria. maria: do you believe we're safer now than we were 20 years ago? >> oh, we're certainly safer. we've done so much during the last 20 years to protect new york, other large cities. we've invested in a lot of blood, sweat and tears. we haven't had a major terrorist event in this country. we've had smaller ones and we've had them right here in new york but we haven't had a major event and i attribute some of that success to the fact that we were in afghanistan and we were keeping terrorists back on their heels. they weren't able to come together. they weren't able to collaborate and we're listening to virtually everything they communicate. so they have really been sort of locked down. now they're going to have a safe haven, unfortunately. so, yeah, i mean, he i'm i'm cod
about what can happen in the future but we're certainly safer now than we were 20 years ago. maria: what about this safe haven? we know that afghanistan can become this haven for terrorists. city officials are saying that the city is preparing for a, quote, elevated threat environment, tomorrow, the 20th anniversary of the september 11th attacks. lloyd austin told us that al-qaida is going to potential go back into afghanistan and new york city is dispatching an enhanced amount of tools to keep the city safe. there are no specific threats against the city, ray, but people are worried about another terrorist attack being imminent, potentially tomorrow on 9/11. >> yeah, i know. we haven't seen terrorists focus on specific dates. i don't think there is as you said any specific information about an attack. they're doing this in an abundance of caution to
certainly give the people of the city a little bit more confidence. but there's no information that a terrorist attack is imminent. is the threat raised as a result of what's happened in afghanistan? my opinion, yes. no question about it. as i said, there will be -- they will be able to come together in a safe haven environment and plan and plot, which they really haven't been able to do for 20 years. maria: ray, what's the big and most significant threat from your standpoint? i know you have focused over the years a lot on cyber. you know, interestingly, ever since australia started raising its hand in terms of wanting answers on covid-19, the cyber attacks from china have increased in australia. so i mean, you know, the bad actors and the adversaries are in many places, not just the middle east, given this afghanistan debacle. look at china and russia and the
cyber attacks that we've been undergoing. >> yeah, you're absolutely right. we need a 360-degree defense. we have to be concerned about lone wolves. we have of to be concerned about as i say terrorist groups coming together and cyber certainly -- our lives are so dependent on cyber and we know that our adversaries can unfortunately close us down pretty easily. we have the same capacity to do it of to them but unfortunately it may not be a deterrent. so, yeah, it's a dangerous time. we have to be vigilant. i think things are going to get a little dicey as far as the terrorist organizations. al-qaida, isis will be -- they feel emboldened now and feel that they have victory and they want to come here still and kill
americans. that's something that they've always wanted to do. so we have to be on our guard and no easy answer. maria: unfortunately, those terrorists may be using our own weaponry since we left $86 billion in weapons and armament and black hawk helicopters on the ground when we cut and run out of afghanistan. real quick before you go, ray, is there anything you can tell people in terms of how they might be vigilant themselves, this weekend, for example, the weekend of 9/11. should we be staying out of urban areas? you have any advice in terms of what being vigilant means on a personal level? >> well, i think you have to be
aware of your surroundings. but again, there's no specific threat. and we haven't seen any attacks that took place on a particular holiday or particular date that was significant. maria: okay. >> i would say people go about their business and be aware of your own individual environment. maria: okay. we'll leave it there. ray kelly, it's always a pleasure. thanks very much for being with me this morning. >> great to be with you, maria. thank you. maria: commissioner ray kelly joining us. coming up i will be taking you to the same spot that i stood at the new york stock exchange 20 years ago for so many years, as we reflect on 20 years since 9/11. back in a moment. ♪ that spin class was brutal.
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my job as president is to protect all americans. maria: that was president biden yesterday after announcing his new plan for a new vaccine mandate. he is ordering companies with 100 employees or more to vaccinate workers, mandate it, or test those workers every week. republicans are firing back on liberty and freedom. governors including brian kemp for one is vowing to fight this mandate in court. dagen mcdowell, your thoughts on this? dagen: it will be immediately challenged by individuals far and wide who do know that it is about freedom and probably will not stand. it was very disturbing, the arrogant condescending fear mongering speech that joe biden gave yesterday. he gave the green light for the vaccinated to -- it was a quote -- be angry with the unvaccinated, seeming to okay
violence against the vaccinated -- the unvaccinated. plus it makes no scientific sense which joe biden went into. we will not get back to normal in this country until the vaccinated stop fearing or targeting the unvaccinated. and including those who foment that fear for a living, talking heads on other networks, for a living or as political gain as joe biden did yesterday. he needs to stop. maria: yeah, yeah. well, i mean, look, he said he was bringing everybody together. in fact, he's been dividing this country over of and over again and now we're dividing the country, vaccinated versus unvaccinated. you know, joe, it was really rich the other day to hear kamala harris trashing the texas abortion law that says you can't have an abortion after six weeks, when we hear a heartbeat. she's over there trashing texas,
saying our bodies are our bodies and you can't tell us what to do with our bodies. oh, wait, unless we're talking about a vaccine, then they can tell us what to do with our bodies. joe: my body, my choice, until it's not your body and not your choice, right. it's interesting. that's a great point, maria. if this looks and feels like when team biden openly violated the constitution, and the supreme court on evictions, it should. multiple states as you mentioned have already filed lawsuits against mandated vaccinations. one would expect many businesses with more than 100 employees will probably do the same. what i don't think the administration understands is that the disproportionary -- i'm sorry, those unvaccinated in a disproportionate fashion are african-americans. more than 50% of whites have been vaccinated.
themes is not going to be well received in minority communities as well and that's squarely within the democratic coalition so that's going to be very interesting to see how that plays of out. one question before we go, why are postal workers, there's more than 600,000 of them, exempt from this particular rule? does covid decipher between who is a postal worker and who isn't. the be president took no questions yesterday after his speech, cutting and running apparently is a thing with this president. maria. maria: he turns his back on all questions that he doesn't want to answer. you're right. that is so weird about postal workers. and how about the immunity from the infection, dagen? why does this white house constantly downplay the immunity one gets from having had he covid. dagen: i'm that person. maria: we heard from dr. marty makary. you are that person. you got the immunity after you had covid. you got through it. you have 26 times more immunity because you have it. >> i was still treated by the you powers that's be in
government, here in new york city and joe biden and company, as if i'm an unvaccinated threat. i am vaccinated. let me be clear. i went and got the vaccine as soon as i could but if i chose not to because i had natural immunity, then i am one of the people potentially that should be targeted by the vaccinated. despite the fact that i have natural immunity. to be clear, i am vaccinated. i encourage anyone i know to go and get vaccinated. and the vast majority of americans have. adults over the age of 18, 75% have gotten one shot. 93% of older people over 65 have gotten one shot. so why are they making enemies out of people who are yet vaccinated. for a variety of reasons. it is about freedom and it's about the science, which joe biden doesn't seem to believe.
maria: he doesn't seem to believe it. he keeps saying it's science. and god forbid you say anything without the qualifier of i agree with the vaccine, you'll get, you know, hunted down by the mob. so thanks for the qualifier. we're going to take a break and come back with microsoft's plans on getting back to the office. wait until you hear this one. stay with us. thanks for coming. now when it comes to a financial plan this broker is your man. let's open your binders to page 188... uh carl, are there different planning options in here? options? plans we can build on our own, or with help from a financial consultant? like schwab does. uhhh... could we adjust our plan... ...yeah, like if we buy a new house? mmmm... and our son just started working. oh! do you offer a complimentary retirement plan for him? as in free? just like schwab. schwab! look forward to planning with schwab. schwab! ♪ ♪ ♪
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being first on the scene, when every second counts. or teaching biology without a lab. we are the leader in 5g. #1 in customer satisfaction. and a partner who includes 5g in every plan, so you get it all. without trade-offs. unconventional thinking. it's better for business. maria: welcome back. good friday morning, everybody. thanks so much for joining us. i'm maria bartiromo. it is friday, september 10th. we are looking at a rally underway this morning. we're at the highs of the morning as we await inflation data, dow industrials up 175, s&p up 18 and pass dabbing higher by 63. we will get the august producer price index out in one hour's time. 8:30 a.m. eastern. we'll see what the number is and whether or not it is going to impact markets this morning. but we've got a rebound underway after several days of decline. the dow and s&p 500 yesterday posted a fourth straight day of
loss was the dow down 151, nasdaq down 38, s&p lower by 21. european markets this morning with a firmer tone, though. had are edging higher in london, paris, germany. the ft 100 right now is up 22, cac is up 20, the dax index higher by 61. and in asia overnight, green across the board there as well. hong kong was the best performer overnight, hang seng index up almost 2% on the session. back in the u.s., florida deputies seizing enough fentanyl of to kill nearly half a million people. cheryl casone now with the details. this story infuriates me, cheryl. this is a direct result of wide open borders, the chinese cartels working with the mexican cartels to push this illicit drug into america. cheryl: you're absolutely correct, maria. down in florida, here's what happened. deputies say they found, get this, 916 grams inside a palm coast home while executing a search warrant. they say most of it was in a jar that was labeled protein powder.
but this comes amid as you're talking about here a nationwide fentanyl crisis. much of it coming into the u.s. illegally from mexico under president biden's open border policies. two men were arrested. they've got long rap sheets we should adhere. they're both behind bars, facing multiple drug charges. wells fargo hit with a $250 million fine. one of the bank's top regulators said the bank failed to fix issues with its mortgage business. those problems were first flagged in a 2018 investigation when it was discovered that wells fargo harmed home loan customers. the bank was asked to make restitution and improve risk and compliance management practices. well, this another setback for wells. five years after it was caught making millions off fake customer bank accounts. still wells fargo is higher, almost 2% in the premarket, as are the broader markets this morning. well, microsoft is postponing its return to its officeses across the country indefinitely.
amid the rise in covid cases and the emergence of the delta variant. last month, the company pushed back its reopening from september to october and announced it would require proof of vaccination for all employees, vendors and guests of all u.s. facilities. there's the stock in the premarket, slightly higher. once microsoft does decide to bring workers back, it's going to begin a 30 day transition period so workers can, well, get ready. maybe get their shots. and then finally there is this, an unusual move by a bank. jp morgan is close to a deal discovery service, the parent company behind the guy. the price of the deal, not disclosed. it's being seen as the bank's latest push to attract high end customers who spend big when they go out to eat. last year they rolled out chase dining that gives customers access to hard to get reservations, i'm always trying to get those as you know. yeah, you never sea a bank buying -- see a bank buying a
dining service. it's kind of interesting. jamie dimon, genius. maria: i like that story. it's true. thank you, cheryl. this weekend is not only the anniversary of the 9/11 terrorist attacks, it also marks nine years since the deadly attack on benghazi. remember back in 2012, islamic militants targeted two u.s. government facilities in benghazi, libya, they set fire to the main u.s. diplomatic compound and ambushed a nearby cia annex, the u.s. ambassador to libya and three other u.s. nationals were killed in the attack. joining me now is benghazi security team member, mark geist. thank you for being here. an incredible weekend to mark all of this. do you feel we are any safer today? >> no, i don't. i mean, especially with the debacle of our pull-out from afghanistan and the irony of it, maria, is that the people they
that were in charge of the so-called assistance or rescuer, the program in benghazi, are the same ones that failed to bring us home without our own, without any other help is the same group that's in charge of the pull-out of afghanistan. maria: that's right. this is the same group that worked under president obama, that has been begging to get back into an iran deal. look, we know that 113 americans and other foreigners you apparently landed safely in qatar, this is the first flight out of kabul since the u.s. withdrew from the country. national security spokesperson emily horn says yesterday's flight was a positive first step but she's also calling the taliban professional and business dash like. can you imagine? professional and business like in recent u.s. negotiations,
mark. i just saw video yesterday of, i don't know if it was taliban fighters but they're at the airport, whipping women. okay. they got out the whips because women were upset because there were no women in the new afghan government so they just started whipping them. these are the professionals and business like that we're talking about. >> yeah, you know, it's typical of the current administration. they're going to say what they're going to say and usually it's not the truth. you know, i've -- over the last 20 years, half of it i've spent in the middle east fighting against these type of terrorists, both aq, isis, taliban, both in afghanistan, in iraq, and every -- 10 other countries around the world. but what we see is, you know, a falsehood that is being presented to the american people because that's what they want the truth to be and we've seen that across the board in the last seven months with this
administration. maria: yeah. i mean, mark, i want to just say, thank you so much for your work and for your incredible service to our country. but you know, how should our service men and women feel right now? for 20 years they went and traveled and did various tours in afghanistan only to now see what's taken place where we've abandoned not just americans, we've abandoned allies, brits, canadians, europeans. we abandoned them. we left. i mean, we spoke the other day with brian mask, congressman from florida, he lost both legs and a finger in 2010 as he looked for bombs on the ground in afghanistan. so how should our service men and women feel right now with this cut and run? >> you know, with the way that this happened, i think they had should be appalled that we've asked them to do so much for so long and then we're going to abandon people. you know, the efforts that they
did take, they should be proud of because they served this country and they did their job as they were asked to do for so long. but unfortunately, just like in many past wars, the government itself has failed those who have served it and we really have no -- our veterans really have no recourse and it's unfortunate that the recruiting apparatus of that is to those who are the most vulnerable in this country. coming from the inner cities, the rural areas of america where there's not a lot of choices, and they are enticed with the post-9/11 gi bill and what can come of it and so they come in with this idea of serving this country, of protecting the constitution, and then they are given this kind of outcome. maria: yes. it's true. we are saying a prayer for all of those people that we lost 20
years ago and thanking all of those people who supported our great country, like yourself, like the fire department of new york. mark, thanks very much for weighing in this morning. we appreciate it. mark geist joining us. when we come back, the book that the chinese communist party does not want you to read. a successful chinese entrepreneur's wife gets disappeared by the ccp, another ccp disappearance, only to he reemerge as he begins promoting his story. he joins me next. you don't want to miss it. you're watching "mornings with maria" live on fox business.
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maria: welcome back. it is the story china does not want you to know. five years ago, desmond shum and his wife, whitney, were successful entrepreneurs in china. without warning, whitney was disappeared by the chinese communist party and never heard from again, that that is until desmond began promoting his new book, detailing their rise and fall from grace in china. joining me right now is the author of red roulette an insider's story of wealth, power, description and jen vans in today's china, desmond shum. thanks very much for being here with us. we speak a lot on this program about china and the communist party. tell me what happened in terms of your own story, desmond. walk us back.
>> the two of us met early 2000. we got to business partnership with the wife of the then premier and we did mega projects with the biggest, largest projects in china and we did a hotel in beijing and multiple other business. and we separated a few years ago but four years ago my -- whitney was disappeared by the state, never heard from, not by her parents, they didn't acknowledge and haven't acknowledged ever taking her and what happened was i got really angry and i decided to publish my book and financial times and wall street journal decided to publish a story about me and whitney and the upcoming book last friday. and on saturday, she reappears. maria: what did she say? where was she?
why was she disappeared? >> maria: we lost the shot. this is just too strange. the shot went down right after i asked what happened to her? this is not the only high profile disappearance that we've seen and we reported about in china. remember billionaire jack m&a. ma. he was missing for several months last year. desmond, are you with us? >> yes. the line was dropped. maria: please tells us what happened when your wife came back and what she said about the disappearance. >> the first question i asked is what was your charge and she said confidential and she cannot disclose that. and we all know the line will be
listened into and then she asked me not to publish the book. the reason she was let out on saturday was the spotlight on her case on friday was because they let her out, asked me not to publish the book. maria: where are you right now, desmond? don't tell me exactly where you are but you are in america today. >> i'm in the u.k. and i've been here for several years now. maria: okay. and what about your wife? >> she's -- she has been in beijing before her disappearance and she apparently she's out and she's in beijing. maria: so she's still in china. is this a regular occurrence for the ccp? because we've talked about a number of other disappearances, billionaire entrepreneur jack ma was missing for several months
last year after he made critical comments about xi jinping's financial services regulatory framework. now we've got the sudden deletion, complete deletion of chinese actress and a billionaire zhou wei's social media. she's di appeared, the -- disappeared. the whereabouts of her are unknown, fueling speculation that the government is targeting her as well. apparently the ccp is disappearing celebrities who made a lot of money, they're just too powerful. desmond, is this something that you know of the ccp is a regular practice by just disappearing people? >> it is a rather regular thing. but to be disappeared for four years and never heard of, that is very unusual. maria: when she first reappeared, desmond, the first -- one of the first things she asked you was don't publish the book? >> yes. one of the first things she asked is don't publish the book.
she actually raised a question to me, i think she was -- i assume she was asking questions under duress, is the question, what will happen to our son if something happens to you? and then she followed up the question, how will you feel if something happened to our son. maria: to your son. and is your son with her in beijing or here with you in the u.k.? >> he's with me in the u.k. this is the first -- this is the first time he talked to his mom over the last four years, he's 12 now. so he hasn't talked to her since he was 8. maria: so desmond, i mean, this is obviously so concerning for all of us. do you fear for your own life? i mean, how are you pro ect thing yourself -- protecting yourself there in the u.k.? >> the way i look at it is a
party state that would throw women into a dark cell and throw away the key for four years is capable of all evils. so everything is possible. maria: anything is possible. but you also have to move forward and hopefully push back even as they snatch people and throw away the key. >> yes. i think we have to -- in my case, my belief, and i think the of best thing for the world is to know what ccp and what party, china party state is, how things actually are done in china over the last 20 years of this quote, unquote, china rise and we just have to be brave and act on our belief. maria: well, i mean, it's also a different ccp under xi jinping's leadership, right? there was a 40 year period when
the world wanted china to open up its markets and the world wanted to have real relations china but the ccp is a very different party now because xi jinping models himself after mau. is that right. do you see a difference? >> i think it's he yes -- yes and no. xi jinping is a lot more -- that's one aspect of it. the party state, the nature of the party state is leninist party has never changed. it's because the system of the leninist party that enables him to do what he is doing right now. maria: desmond, i hope you will come back and a share more of your story with us. thanks for writing this book and thanks very much for joining us this morning. desmond shum. we'll be right back. that spin class was brutal. well, you can try using the buick's massaging seat.
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plus, 0% interest for 48 months. ends monday. maria: welcome back. time for the morning buzz. a dream job for horror fans, finance buzz is looking to pay one lucky movie buff 1300 bucks to watch 13 classic horror movies while recording their heart rate. dagen, was do you think? dagen: love it. i'm in. huge horror fan. i'm sure i've already watched multiple times all those films. my personal favorite, the shining, the exorcist. hereditary is my favorite and also nightmare on elm street. all of these are really good. blair witch project not so much anymore. maria: i watched the amtyville horror and i said that's it, i'm done. i'm not watching any more horror
films. dagen: when it first came out -- maria: joe, what about you. joe: halloween has the best theme music. try playing that alone on a fognight. any d list actor can be cast. the dude doesn't speech. there's my daughter on screen. she is 7 years old. she should be going as a princess. instead she wants to go as a grim reaper. the costume came this week and it's profoundly creeper. what a happened to my little girl? dagen: she's your daughter, joe. joe: yeah, crazy. maria: i love it. we're going to take a break. we have a big hour ahead. we are marking 20 years since september 11th. stay with us. we'll be right back.
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a.m. on the east coast. a new vaccine mandate president biden facing backlash over sweeping new vaccine rules on millions of americans. >> this is not about freedom. or personal choice. it is about protecting yourself and those around you. maria: definitely not about freedom biden says any company with 100 employees or more must mandate vaccine or submit workers to weekly testing republican governors are vowing to fight back. this morning we remember 9/11, 20 years later, we are reflecting on experimental stories from that day including my own on the floor of the new york stock exchange, markets this morning are rallying take a look futures indicating a triple digit gain for dow industrials start of trading he this morning, markets, are up, across the board, dow industrials up 168 s&p up 19, nasdaq higher by 69.
bit of rebound dow and s&p 500 posted a fourth straight day of losses yesterday, weighed down by spread of delta variant, concerns about growth slowing down and federal reserve beginning a tapering program, yesterday the dow down 151 nasdaq down 38 s&p 500 lower by 212, waiting this morning inflation data out 30 minutes' time the produce price indices for august european markets higher across the board fheartburn up 21 cac quarante up 18 dax index higher by 61. in asia overnight green across the board with hong kong best performer helping henning overnight up nearly 2% on the session. "mornings with maria" is live right now. . . . >> this weekend, we will mark 20 years since the 9/11 terrorist attacks on our country, i got to work before 7:00 a.m. that day to my
office at new york stock exchange, is a had done every day for many years working at another network from the new york stock exchange trading floor on that day, septemberss september 11th 2001 by 10 a.m. on feet outside on wall street i stood at corner of wall street and broadway watching just a few blocks from the carnage. [sirens]. >> tragedy the letter incredible plane crash in world trade center lower tip of manhattan. . maria: then white house chief of staff andy card, who whispered sfwhus president bush's ears it would be america's darkest day, now 20 years ago.
. >> we've had a national tragedy. two airplanes have crashed into the world trade center. in apparent terrorist attack on our country. . . >> south tour world trade center collapsing next falling 29 minutes later in washington center of he earn leadership pentagon targeted at another hijacked plane. flight 93 cashing in shanksville pennsylvania. on wall street the o explosion of the first building to come down was being felt in real time. >> i came back from outside i am covered with soot basing outside when that third completion explosion occurred i don't know if you can see my jacket and shoes but i am
completely covered in white smoke. >> freedom was attacked this morning by a faceless cowards. and freedom will be defended. >> i am standing in very mace what i reported, from 20 years ago. after the attack what was most important for me that day was to communicate being to world every won candidacy for here at new york stock exchange a real team frt. >> former new york stock exchange president dick grasso, one of the many unsung heroes that day. >> we had -- in that building during 1993 bombing, and -- he sadly we the same message to my folks were trapped six hours in the building. >> you -- to follow -- >> i said today is day get them out now i don't care what they are saying. >> outside the debris was flying, there was papers,
steel massive smoke in air entire area pitch black when the billing came down. >> first responders america heroes new york police department fire department in issuing port authority police rushing in as people rushed out trying to escape the flames, black smoke flying debris, and cement. we lost 2977 friends, family and first responders that day. president bush then just nine months first term commander in chief swore those responsible will be accountable so that i can hear you the rest of the world hears you and the -- and the people who he knocked they buildings down will hear all
of us. . >> the following monday six days later, with hope monday september 17, 2001 the world watching standing tall for america. >> i will never forget the feeling on the floor looking up to this podium where you stood there ringing the opening bell with fighters, nypd first responders the mayor, governor senators, and you were making a statement. we were in mourning, we lost friends. but we will rise again. >> the real heroes of 9/11, cops, firemen, rang that opening bell sent a message to the rest of the world, terrorism will never win. if you bet against america you
will lose. >> on podium to ring opening bell on new york stock exchange sound of freedom and liberty that day the fighters firefighters first responders nypd dick grasso mayor new york senators and congress we stood tall in the face of evil. . rebuilding world trade center site to be a sign of america's resiliency that fell to larry silversteen before the attacks secured a deal to acquire america's largest towers signing a 99 year lease two months before their collapse. >> we learned so much by looking at what happened to these twin towers, and as a resulted we designed a whole
new era of structure in office to building today, to america. >> centerpiece of the plan one world trade center rose to staggering heights officially opened doors in 2015. the aptly designed 1776 foot tower rising from ashes of america's dark of the day to rededefine the iconic new york city skyline and represent the spirit of freedom. >> wall street 2021. the heart of the financial center? not so much anymore it is much more residential, a lot of security, around the new york stock exchange, and plenty of tourists there are so will things that have changed. >> current new york stock exchange president stacey cunningham trader on the interior on he september 11th witnessed all changes tiershand. >> you saw lower manhattan he
evolve defining moments 9/11 was one of those moments. >> foot printed of origin towers memorialized ago in will be built on this sacred land where our heroes left us. >> on 9/11 museum was built on the site to preserve and display artifacts from towers tell stories interest throws we never forget brave courages who he embody the beautiful america the free. . . >> we will have much more ahead on this and more this morning we will take a break, when i come back, eshformer new york stock exchange chairman ceo dick grasso is with me once again this morning will join us live with his else he reflect ions on
9/11, wire watching "mornings with maria" live on fox business. . ok, let's talk about those changes to your financial plan. bill, mary? hey... it's our former broker carl. carl, say hi to nina, our schwab financial consultant. hm... i know how difficult these calls can be. not with schwab. nina made it easier to set up our financial plan. we can check in on it anytime. it changes when our goals change. planning can't be that easy. actually, it can be, carl. look forward to planning with schwab. schwab! ♪♪ schwab! ♪ ♪ ♪ hey google. ♪ ♪ ♪
carnage taking place joining me right now former chairman ceo of new york stock exchange dick grass ooh incredible leadership on that fateful day we are honored to have him back with me this morning dick thanks very much for being here today it is hard to watch some of this 20 years later i remember, that day, talking with you number of times at the end of the day coming up to your office sitting there we were both just in shock trying to understand what your plans were for reopening, how were you following a that day and how you are feeling today 0 years later. >> maria thank you gaining for honoring those we lost that national day to baby boomers it was our pearl harbor, what you did that day throughout
day so important to sending a calming message particularly to families of people who were in the financial district. that, you know, no one at the exchange had suffered and -- all of our folks who were in the world trade center thank god got out safely the message that you sent and other journalists communicated that, yes, it was a terrible day. lives had been taken, tremendous loss of property but the american way of life would move on. maria on the 20th anniversary i hope every anniversary here after people pause to reflect on the almost 3,000 people we lost that day. we -- new york, washington in
fields at you shanksville popular important remember firefighters 23 new york police officers 37 port authority police officers who rushed in to those buildings to save the lives of perhaps as many as 30 to 50,000 people. you know those 403 first responders going upstairs while so will coming down we lost a tremendous, tremendous number of brave souls that day let's pause tomorrow every 9/11 here after to remember the sacrifice they made, and the poor innocent victims subjected to this heinous crime. as you heard the president say thursday two days after attack
you know america will strike back people who knocked the buildings down will hear from us and they did including the mastermind took as you while, eventually our brave seal seem 6 made certain bin laden fade the ultimate price. maria: you are right it was such a shocker but this is the reason, that we stand for the american flag. this is the reason that we salute the heroes, of our day. and of the world the are fire department of new york nypd the port authority this is the reason they put their lives on the line for our freedom and liberty. now tt after the attacks new york stock exchange nasdaq were closed six days. it was september 17th that i keep bringing up that was the longest shutdown since great depression and dick you had real challenges on whether or not to reopen, when to reopen,
but the 17th was incredibly important watching you up at that podium making that statement that we were down but we would not be out. tell me about that, and why that was so important. i know you have the governor the mayor, the congress, senators from new york ringing the opening bell firefighters for days after 17th as well every morning, we were saluting and cherishing our law enforcement and those heroes, that saved us so many of us on that day. >> well maria the 17th of september was a message a message to those who strike evil at those who love freedom, i can knock buildings kill thousands never destroy american way of life the new york stock exchange was i
believe still is icon the proxy for american business, and when that bell rang it was rung not by mayor giuliani his choice was to heal firefighters police officer realize we have treasury secretary up there, new york's two senators, governor if mayor, the chairman of the sec harvey pitt who worked tirelessly with me throughout that week to make sure 9:17 would open stay open send a message to those who would strike against america "you will never succeed" america will rise from any challenge and you will fail. and the terrorists failed with that opening bell, maria i can't say enough about what whos for purposes did maria, 203 members of three branches
gave their lives so 25,000 plus could come out of those buildings. >> i agree, i am honored to know some firefighters and nypd the both firefighters and nypd police and port authority police did so much, for the world, on that day. dick i was so honored to be walking around this flow of the new york stock exchange with you last week when we were putting this piece together. how did it feel to you to be back down on the floor, and tell me your observations about how things have changed in the last 20 years dick. >> well, it is kind of like therapeutic, reflected on great career played for greatest baseball team ever, i played for the greatest stock market ever to walk on that
trading floor again yes, it changed technology has become a tool to make new york stock exchange expensive but it was so good to see so many of the people maria i walked that floor again with you because you were so important during not just on the day of 9/11 communicating, with calm i think very important message to your viewers but throughout that week continuously, telling people telling your viewers and investors, we will be okay. we will rise. to walk that floor again, it is kind of like when you go to cooperstown to me, the stock exchange will always be cooperstown. >> you never know when life is going to throw a curveball but you want to pray and hope that you've got the right leaders in charge at the wheel when that curveball comes your way
i am grateful that you were at the wheel led us through incredible moment in time at new york stock exchange like the other leaders in new york, and, of course, our firefighters and police. dick thank you very much for all you've done for your leadership for joining me this morning i know we are seeing you this weekend on fox news i will see you again sunday morning on "sunday morning futures" dick, thank you so that thank you, maria pleasure to be with you. maria: we will see you soon dick grasso joining us this morning, as we reflect on 9/11. we'll be right back. . [somber music]. .
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the opening bell the dow s&p 500 on tractor snap four days decline august producer price index out in few moments see if it impacts markets i don't have thosios up 156, nasdaq up 69 we'll be right back. . . today, business is a balancing act. you want your data to be protected and secured. and your customers want seamless and easy.
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i mean just because you look like someone else doesn't mean you eat off the floor, or yell at the vacuum, or need flea medication. oh, yeah. that's the spot. only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪ thanks so much for joining us. i'm maria bartiromo, friday, september 10 we are standing by for august producer price index report markets dow industrials triple digits higher up 155 s&p 500 up 17, nasdaq higher by 69 right now, the market is -- focused on inflation, because we continue to see big moves higher in the price of commodities gasoline oil among others the ppi right now cheryl casone looking at the august producer price
index actually up 8.3%, which is slightly hotter than we were expecting cheryl. cheryl: it is let me give you month-over-month number first to start there, that coming in with gain .7%, that is a little bit lower than we saw that 1% jump remember was a surprise in july, the estimate for gain 6%, as for final demand year-over-year, again, this is the fifth consecutive high, we were looking for 8.2% there, if you look at the year-over-year for that that is 8.3% looking at, if you exclude take out food, energy.6% higher than expected core number month-over-month looking for who have a a percent, jump there, so again seeing a little bit hotter numbers than we were expecting again, by the way, i want to say year-over-year headline number that is the fifth consecutive high we've seen
another demand story year-over-year as well pretty hot numbers another record for that year-over-year number maria, the x, the energy true inflation story fed looks at getting cpi tuesday morning markets nervous about nation why we look at numbers closely quick as i said higher than expected stripping out food and emergency a gain 6.7% that is another record for inflation. wholesale inflation for august back to you. maria: well we still have supply disruptions in place one issue the federal reserve continues to say that inflation has been transitory but so far cheryl we keep getting hotter than expected numbers month after month after month we will see when transitory or whether or not this is actually long-lasting longer than the fed seems to believe. thank you, cheryl, no big reaction in markets a dow
industrials up 168 cheryl did you want to say something. cheryl: no, no, no, all good sending it back to you. maria: thank you, cheryl, defense secretary lloyd austin meanwhile, is warning that al-qaeda could forge a comeback, in afghanistan. this as biden administration, works over time to change conversation defend u.s. withdrawal from afghanistan u.s. new quoting professional business-like relationship with taliban in "stranded americans allies dpaerth from kabul landing in qatar yesterday first evacuation flight since afghanistan withdrawal joining me former george w. bush senior adviser folks news contributor karl rove always a pleasure to see you. thank you so much, karl i got to tell you i don't know where to begin you've got inflation, partly because of domestic policy massive spending, tax increases are on the way you've got massive crises in terms of foreign policy when
cut and run out of afghanistan or a wide open border human trafficking, et cetera, democrats working on the transforming america raising taxes i like journal article transforming america in 17 days did nancy pelosi change rules so absolutely no debate on largest spending package ever? >> well, she is got a lot of power. from one perspective that is to say she has complete control over what happens in on the floor of the house of representatives, when bills are going to be brought up what those bills are but on the other hand has a weak hand that is she has got a very small margin for error, very narrow majority in the house a lot of very nervous democrats who understand this bill this 3.5 trillion-dollar bill actually 5.5 -- 5 to 5.3
trillion dollars, a bunch gimmicks in there this could cause them their seats, because the american people are not ready for a gigantic spending bill full of -- jammed if you will of things and backed up by a bunch of very -- destructive tax increases. the democrats are making a mistake here, you you your litany was, as you said, your litany i was thinking about latest you ugov poll president approval upside down approval on economy upside down approval on taxes have been negative 14 that is to say upside down by 14 points then all the other polls that are showing that while the american people sort of mod evidently believe we should inte out of afghanistan i don't agree with, particularly among independent swing voters going to decide 2022 elections think president biden blew it on -- on you afghanistan with
his precipitous did he parture surrender if you will. >> in terms of august of a monumental mistake in my view close down bagram sandwiched between russia, china pakistan so close no terms of distance to uighurs enslaved in xinjiang region china building nuclear fast we give it up now reports ccp, may take over bagram air base? wow would that be a black. cheryl: for this administration. karl, i want to -- get daying no one -- go ahead. >> i couldn't agree more with you, and we did need to do it -- remember combat role in afghanistan ended in 2015, before that horrible afternoon in kabul at airport, last casualty in february of 2020.
and we were providing the -- the intelligence gathered the support facilities and airpower that kept the taliban at bay, we gave that up, imagine what would happen if we had given up presence in europe 20 years after end of world war ii or given up presence in korea 20 years after the cessation of hostilities would be much different place will be a different place as a result of terrible decision by biden administration. >> mission accomplished told us america shouldn't be eyes police of world his priority to close that o joe biden got memo did so i given all obama natural security people around him, dagen mcdowell jump in here because there are so many things, to talk about with karl this morning, and that is the reason that joe biden's approval rating is plummeting. dagen: i know that your going
to get to the new vaccine mandate. that appalling speech from president biden yesterday, cal isn't everything that the administration is doing, will do, designed to distract from the debacle and disaster that is in afghanistan? the biden doctrine abandon enembolden evil, 20 years after 9/11 grave danger. >> absolutely as national -- chairman joint chiefs of staff says what is going to happen in afghanistan means win as little as 12 months there is going to be quote request a resurgence of terrorism, think about this the acting prime minister head of state for taliban in afghanistan was foreign minutes in 2001 when united states said osama bin
laden or suffer consequences, that is who we put in charge a number of people sanctioned as terrorists by united nations in january and february 2001 before 9/11 i couldn't agree more dagen you put your finger on something that grabs my attention political distraction telling president read reports they are saying everybody is going to forget about afghanistan president never going to talk about it again he we will have secretary of state talk about it then have american jobs plan 3.5 trillion-dollar spending bill by the time we get to 2022 elections, peopleing have forgotten about afghanistan, and they will be to grateful for all free things we're giving them going to reward democrats with victory at polls, in this midterms blown we are not that you stupid not easily boughtoff. maria: friends not stupid as well we didn't just abandon
americans we abandoned brits canadians germans ukrainians others because they were helping us in afghanistan you are right it trying to change subject president biden announcing new vaccine mandate now ordering companies with 100 or more workers pof them vaccinated or face weekly testing, karl if they change the subject we will buy into it? just like earlier, the president had a call with xi jinping overnight, we say what was call about? they gave us this readout, this readout that says absolutely nothing, two leaders had a broad strategic discussion, in which they discussed areas where interests converge really did you bring up covid-19 bottom line discuss origins of coronavirus that killed 4 1/2 million people around the world i you think not it is not in the readout thanks very much we will keep on all of it. >> we'll be right back, thank you, 20 years since the world changed forever a live report
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if you wake up thinking about the market and want to make the right moves fast... get decision tech. for insights on when to buy and sell. and proactive alerts on market events. that's decision tech. only from fidelity. . maria: welcome back, bringing new york city together following 9/11 new york mets first supporting event in new york 10 days after the attacks, a game that is talked about day we're joined live from citi field with more on
that good morning to you,. >> hey there good morning to you maria, a lot has been said written over years he about the role sports may have played in small way in healing, the city and country after 9/11 i think a lot of people remember president bush in october of that year came to yankees stadium bronx through out first pperfect strike to home populate in a lot of memories because quite a moment but also quite a moment in its own right first supporting supporting event after twkz attack september 212001 shea stadium queens, new york question not only are we going to play in new york? >> there was still -- speculation trepidation, being the fact that shea stadium next to laguardia airport
still that fear of -- what could be next from the air. >> decision was made play ball with a special message from the baseball commissioner's office. >> told that more than likely the bad guys were watching this, somewhere in some cave somewhere we were told put on that happy if a is. >> game was close mets trailing braves 21-in 8th mike piazza a man on base. >> -- to left center -- he this one has a chance! ! [cheers and applause] >> from piazza lead 20 -- >> the female lost -- fathers and husbands, and wives, that there was something else about that that gave them just a tiny bit of spark or gave them an opportunity to try to forget everything that was going on for just a split second. and kind of live in that
moment. >> when he from dug kout some guys crying some guys hugging each other with tears, you know, the fans, there were so many tears in stands, i understand why, that this was a baseball game i know it was only a baseball game. >> it was, but -- >> but -- right? yeah! absolutely. >> but. >> absolutely. it was so much more than a baseball game. . you know, the mets yankees real life preday mets and with yankees many play three games this weekend starting tonight and a game tomorrow on 20th anniversary of 9/11 bobby you heard from with former yankees manager will be at citi field in pregame festivities tomorrow. maria: it is a really good story we were all grasping
needed it so much connell mcshane, thank you live at citi field dagen what do you remember most about 9/11. dagen: i was in new york city was just moving back to new york from san francisco. i signed a new lease on an apartment the day before on 9-10, 2001 i remember sense of terror called terrorism and horror knowing united states was under attack but walking out of my building which was in times square people knew instinctly get out of times square could we target for another attack it was just a sea of people, you couldn't even see the pavement they were all walking north toward central park quietly in grief,
in pain, in -- just dismayed, shocks, but just standing shoulder-to-shoulder with one another, and in the toughest times new york city not only come together but carry on with strength, and dignity so i will add the count there is -- every time i see that i get choked up. maria: now it is hard to watch these things 20 years later, really is. and i know that camaraderie as well on that day, when i was on the street corner watching, the second plane go into that second building on wall street and broadway, there was a big crowd around me, and everybody was sharing cell phone, is there was so much camaraderie couldn't believe what we were wngs i remember second plane in second building guy next to me i didn't know at all said
oh, my god it is terrorism the world will never be the same, joe it was never the same i remember people leaving exchange just going on east river, and walking the east side drive up town trains weren't working i walked up to 14th street as well tended 10:00 at night i caught the a train on 23rd street joe how about you what are your memories. >> i may have walked by dagen went west to hudson river actually maria, dagen in midtown that morning supposed to be at meeting in the a building next world trade center got the postponed the day before believe fulton broadway i was supposed to be right near there that morning as you were you could see towers burning down 5th avenue i remember vividly i walked to ferry had no social media or smartphone on your own in term of information away from tv i remember walking through times
square looking up of that blue sky wondering fw another plane was coming gt to jerry new jersey i remember praying across hudson all people at the world trade center, a friend of mine died that day working can't cantor fitzgerald,the saddest thing you will see wife there with baby bump i went to high school with her having to greet people there, and knowing that his child was -- was going to be born in a couple months, and now obviously, that child 20, 21 years old most heartbreaking thing you will see she lost her husband to terrorism, a plane flew into a building you couldn't comprehend it couldn't comprehend it. maria: it is true we lost so many friends my neighborhood where i grew up in bay ridge, brooklyn we loss so the many people dear friend from high school lost her at marriott, doing an event, and so many
others i know we all have our own stories about this terrible day, and we want all of the victims's families to know we are praying for you, and for our loved ones to rest in peace. we'll be right back. . hey, guys! they have customized solutions to help our family's special needs... giving us confidence in our future... ...and in kevin's. voya. well planned. well invested. well protected. that spin class was brutal. well, you can try using the buick's massaging seat. oh. yeah, that's nice. can i use apple carplay to put some music on? sure, it's wireless. what's your buick's wi-fi password? it's buick envision. that's a really tight spot. i used to hate parallel parking. ( all together ) me too! the all-new buick envision. built around you. all of you. pay no interest for 72 months plus current eligible buick owners get 5 hundred purchase allowance on 20-21 buick suv models.
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florida gators, tributes. dagen: bring on any and tributes, because of what happened in afghanistan as dan yet yesterday as if 9/11 bolder rolled down a 20 year long mountain that is part of it. >> it is true, because -- all of those men and women who fought over 20-year period hard to believe. >> they have to be so irate you frustrated all sacrifices i wish stop calling it anniversary, anniversary has positive connotation i think remembrance better good for rutgers for florida think this way, almost all those players
weren't born when 9/11 happened or maybe couple -- a good reminder teaching moment for those young players didn't experience in real time. >> i am glad you mentioned that there are so many people who did not experience and were not on the ground, the way we were. on that day, and, we must remember, we will never forget. quick break more "mornings with maria." . .. hey google. ♪ ♪ ♪ ♪ ♪ ♪
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stuart: welcome to "varney and company". here's what you will see today. stock market rally, a president declaring war on 80 million americans and the taliban and flag flying over kabul 20 years on. we better start with money. after four down days we see green across the board, the dow starts 2% below its all-time high. it will be up 170 points.
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