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tv   Barrons Roundtable  FOX Business  September 12, 2021 10:00am-10:30am EDT

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the strategy and we don't have any strategy of her own right now that is worth discussing. gerry: thank you for those sobering assessments. that is it for us, i'll be back next week with more commentary and interviews on the wall street journal at large, thank you for joiningwa >> from the box did use in new york city this is "maria bartiromo wall street". maria: welcome to the program on this weekend of marimba rents i am maria bartiromo a nation mourns it is been 20 years since the deadliest attack on u.s. soil. nearly 3000 people were killed when hijacked planes hit the twin towers, the pentagon and another one crashing in pennsylvania field. i was reporting from the floor
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of the new york stock exchange on december september 11, 2001 and i will share with you what i witnessed that day and hope and unity that followed enabling the women had no the country to rebuild. plus are we safer today than we were 20 years ago, concerned over the resurgence of al-qaeda and afghanistan in new global threats my interview coming up with the ranking member of the house security committee john keck company is here. first take a look at markets and where the ended the week and slowing economic growth and rising covid cases, joining me right now trend macro chief investment officer donald loss can. it's great to have you this weekend, thank you for being here. i know you were there 20 years ago and it has been an incredible two decades. i want to ask you about your thoughts on where we are in the markets. here we are looking at crises everywhere including afghanistan, the upper border
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and yet congress and the senate order yoshi hitting spending $5 trillion on a new package that will only cost three and half trillion which will include much higher taxes pre-depict the much higher taxes are fading fast, tell me about that. >> i don't think it's going to happen. there's pretty brilliant aimed theory going on by the republicans that don't have the starkest team to play. biden announced the american jobs plan totaling $4 trillion all the stuff cradle-to-grave, remaking of the economy. all tax finance. the republicans immediately realize the $4 trillion can be repartition into two parts, think of it restructuring, good banking about bank they identify in a debit with 500 spending devoted to infrastructure. that pulls really well in the string entrance wing districts in 2022 congressional elections.
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the soccer moms in the purple districts like infrastructure and they want their pothole filled and they want bipartisanship. that leaves the other three and a half trillion on a partyline vote that is not bipartisan, not infrastructure and earlier this week when the new york times cover came up with an amazing page one story celebrating the cradle-to-grave remaking of america that will touch every single american life until the moment you die that will not play well in the purple districts. you know what will happen in 2022 all little take to flip the control of the senate is five, i don't mean the senate i mean the house, the senate just one. any congressman or senator in a purple district or purple state cannot attach himself to three and a half trillion dollars of tax funded welfare spending, but they can vote yes on this little
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footprint infrastructure bill brilliant divided and conquered by the republicans. maria: we will see if that happens because nancy pelosi wants all of this done by the third week in september they want to fundamentally change the economy within 17 days as the wall street journal wrote in an op-ed this weekend. tell me your thoughts on where we are in the macro story. if we were to see that package pass it'll be much higher taxes and i'm wondering if that will l be another pressure of an economy slowing down a bit. if that's what the markets are trading down recently. >> i think the markets all year they're having little corrections. so far from all-time highs and mere week ago stocks only corrected and not even 2% it's not like we have a big problem on our hands. were in a boom a double-dip boom when you come out of a global
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crisis we have with the pandemic it's like coming out of world war ii, america coming out of the markets of the war. you get decades of amazing technology innovation and restructuring the way people do business all oriented to more productivity. if we have a slightly less booming quarter in q3, because some people decided to stay home because the delta very. you will not notice this in the history, this is nothing in the other hand you tax. have trillion dollars out of the american private sector to fund publix sector spending now we have a problem in the boom is going to take a big hit. maria: now we have a capital gains rate of 43.4% in the corporate rate of 28%. it is all about where this package goes in terms of the impact. i'm glad to see your bullish on the economy it's great to get your take on where we are in
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good to see you this weekend. we are remembering 9/11 20 years later i was on the floor of the new york stock exchange that fateful day. we'll take a look back at the darkest times in american history, the aftermath in the recovery next. >> on never forget the feeling that 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 mayor, the governor, senators and you are making a welcome to allstate. where you can pay a little less and enjoy the ride a little more. ♪ ♪ ♪ ♪ now, get new lower auto rates with allstate. because better protection costs a whole lot less.
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♪ ♪. maria: welcome back 20 years ago this weekend the world trade center and the pentagon were attacked by tereus to hated americans freedom and liberty in
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all that we stand for. the events of 9/11 changed our country forever horrific images of tragedy are seared into our national history in the minds of those who lived through it. there was also great hope and unity that spring forth in the aftermath. >> a tragic alert right now, and incredible playing crash into the world trade center in the lower tip of manhattan. maria: was then white house chief of staff andy carr who whispered the news into president bush's ear, it would be america's darkest day. now 20 years ago. >> today we had a national tragedy. two airplanes have crashed into the world trade center in an
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apparent terrorist attack on our country. >> the south tower collapsing the north tower falling 20 minutes later. in washington the center of american leadership the pentagon targeted and another hijacked plane. flight 93 crashing inching so pennsylvania. on wall street the explosion of the first building to calm down was being felt in real time. >> i just came back from outside and i'm cover was set, i was outside with the third explosion occurred. the whole area turn pitch black when the third explosion happened. i don't know if you could see my jacket in my shoes but i'm completely covered in white smoke. >> we were attacked by a faceless coward. and freedom will be defended.
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maria: i'm filming in the very place that i recorded 20 years ago after the attack 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 team effort. >> president barrasso, one of the many unsung heroes that day. >> during the 1993 bombing and sadly we got the same message and my folks were trapped for six hours in the building. >> you knew not to follow the same guidance. >> i said get out now i don't care what they're saying. >> outside the debris was flying there was papers and steel and massive smoke in the air, the entire area was pitch black when the building came down.
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the first responders america's heroes the new york police department, the fire department of new york and 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 nine months in his first term of commander-in-chief swore those responsible will be held accountable. >> i hear you and the rest of the world hears you. [cheering] and the people will hear all of us soon. >> the following monday six days later sadness was hope.
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monday september 17, 2001 the world was watching standing tall for america. >> on never forget the feeling that 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 are making a statement we were down, we were in morning, we lost friends but we would rise again. >> we stepped aside so the real heroes of 9/11, the cops and firemen would ring the opening bell. in a sense a message to the rest of the world, terrorism will never win it can bet against america, you will lose. >> that morning to ring the opening bell of the new york stock exchange the sound of our freedom and liberty that day the
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firefighters, first responders, nypd, the port authority police and the mayor, governor, new york senators and congress. we stood tall in the face of evil. ♪ rebuilding at the world trade center site was a sign of america's resiliency and that task fell to larry silverstein who right before the attack secured a deal to acquire america's largest tower signing a 99 year lease two months before their collapse. >> we learned so much by looking at what happened that could tell us before the collapse and we thought we designed a whole new era of structure in the buildings today and make them the safest buildings ever built in america. >> the centerpiece of the plan
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one world trade center rose to staggering heights and opened its door in 2015. the designed 1776-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. >> 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 tourist. current new york stock exchange president stacy cunningham was a traitor on the floor on september 11 she has witnessed all the changes firsthand. >> he saw lower manhattan involve as a neighborhood. our responses to events that we learned from and all the defining moments that make us who we are today and 9/11 was one of those moments.
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>> the footprint of the original towers has since then been memorialized but the largest man-made waterfalls in the country, nothing will be built on the sacred land where our heroes left us. on the night 11 museum was built on the site to preserve and display physical artifacts on the towers and to tell firsthand stories from those who were there. we will never forget the brave and courageous when body america the beautiful, america the free. maria: my thanks to dick grasso, stacy cunningham. as someone who resembles someone else... i appreciate that liberty mutual knows everyone's unique. that's why they customize your car insurance, so you only pay for what you need. oh, yeah. that's the spot.
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maria: welcome back, new threats to our nation president biden's abrupt troop withdrawal from afghanistan and the chaotic evacuation from thousands from that country raising new questions about our national security. are we less safe than we were 20 years ago. joining me the ranking member of the house homeland security committee new york congressman john catt company, it's great to have you this week and, thank you for being here. let me ask you that question are we safer today than 20 years ago or not? >> i think there's a much better communication between law enforcement and intelligence community from that respect we are but there's new and serious threats from afghanistan, al-qaeda, or open borders with china and russia from a cybersecurity standpoint. it is a different threat and a serious threat in new york city remains on high alert they confirm that with discussions with me. it is still a very serious threat, you mentioned china, i
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went to mentioned china and talk about that threat but you did get this briefing on the security of this country this weekend, september 11 is 20 years to the day since the terrorist attack, can you tell us what you've learned in that briefing in terms of securing america right now. >> one of the things that we learn is that the threat matrix is elevated because of what's happening in afghanistan there is consensus among the experts in the intelligence unit who confirmed for us that it's a very bad thing the al-qaeda as afghanistan and you couple that with what's going on in our southern border and you don't suspect terrorist are coming across, that's a real threat with seemingly dormant folks here in the united states already who are getting a
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passion and maybe the temperature is up because of what happened in afghanistan and many of those people are cheering for what's happening that's not good for the going forward of the lone wolf events are very real possibility again. maria: unbelievable we had compartmentalizes and not worried about it for a decade. and here we are again the same terrorist that you're referring to may very well be using our equipment. 85 plus billion dollars worth of arms that we left behind, not to mention the trillion dollars in the bagram airfield in the airbase was so true tediously located between china and russia but i guess this was president obama's priority anyway because biden has a national security team of obama and obama did not want america to have eyes and ears on china and russia, did
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he. >> we don't have that in the bagram airbase before we got all of our citizens out and help their citizens over there in history will not look on that kindly. it does leave the back door wide open not only do we have the terrorist threat renewed in afghanistan but china and russia will happily tell, time is not stupid enough to do terrorist attacks and do things overtly except for on the side realm but they don't have the perfect proxy in the taliban they cannot prop them up financially in the tears activities in afghanistan and here in the united states. maria: which is leading some people to believe that the ccp, the chinese communist party will move into the bagram airbase and take over that airbase which would be an incredible blackeye on america international security professionals. while all of this is going on you just went through two crises, afghanistan of the wide
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open border why are your colleagues talking about money being spent on a green economy. this is the priority, why don't you talk to us out of these talks, house ways and means committee of the three have trained other package which is closer to five and half trillion, are we going to see attacks on companies that pay their ceos what they deem as excessive, will we see in excess tax on companies have stock buyback and how are all those taxes coming our way, what should we expect. >> the demonization of businesses relies on the democratic size you will see tax increases, that's what they're attempting to do, there are some brave souls on the democratic side standing tall and i am encouraging them and telling them to stand strong and make no mistake about it the democrats want to talk about everything
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but afghanistan did the border because the two losing arguments and they know how bad those arguments are for them. for them going forward they will try to push the socialist agenda and if they do it'll set our economy back in our american progress back along time. that is for sure. maria: were already worried about a slowing economy without all the spending and high taxes. were gonna be following all of your efforts on the homeland front and economic policy. thank you's are. >> thank you very much and god bless and good job on your coverage of 9/11 this this is wealth. ♪ ♪ this is worth. that takes wealth. but this is worth. and that - that's actually worth more than you think. don't open that. wealth is important, and we can help you build it. but it's what you do with it, that makes life worth living.
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and neither are we. at palo alto networks, we are ready to secure our digital future. as companies innovate to transform, we innovate to outpace cyberthreats. so you can embrace technology with confidence and make the next day safer than the one before. we've got next. maria: welcome back we have another big program in the works for next weekend. tune into wall street 9:00 p.m. eastern and i will see you on fox news is sunday 10:00 a.m.
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eastern sunday morning on fox news channel for "sunday morning features". if exclusive interviews with mike waltz and michael mccaul, lieutenant colonel all of our north and george acetic candidate herschel walker, jointly fox news 10:00 a.m. on sunday. plus on fox business 6 - 9:00 a.m. eastern for "mornings with maria" on fox business we hope you start your day every day weekdays with us. that will do it for us. have a wonderful rest of your weekend. ♪. gerry: this week on the wall street journal at large 20 years on we remember the day the unimaginable horrors struck america and we ask after two decades of the war on terror and the humiliating ending in afghanistan, was at work worth it all talk to a man that the key architects of the 9/11

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