tv Mornings With Maria Bartiromo FOX Business October 12, 2022 7:00am-8:00am EDT
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there screaming before he's really had a chance to do anything or make his case. it's a large public institution. he's got experience in that area. i think he would probably be pretty good at this. maria: mike. >> i wonder what would happen if they got an actual ooh -- actual conservative as the president. ben sasse is leading the senate because he's a wishy washy politician, not a hard right conservative. maria: good point. >> i wonder if it was rand paul, do you think they would burn the building down? maria: or ted cruz, forget about it. dagen: mitch daniels did a great job at perdue. he's considered a great leader. oh, conservative. maria: maybe they like biden's policies better. >> the camp is communist and the democrat is socialist. if these are the people we're offending, i say good jobs. maria: stay right th there, the next hour of "mornings with maria" begins right now.
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and good wednesday morning, everybody. thanks very much for being here this morning. i'm maria bartiromo. it is 7:00 a.m. on the east coast. the fox news power rankings are in, fox news power rankings are projecting republicans to win the house 2-rbgs 7 days away from the midterm elections, the senate remaining a tossup. four key raises to watch. joining the conversation all morning long, dagen mcdowell, michael lee, james freeman. dagen, we're zeroing in on the races. you've got newcomers in the races, blake masters and and mehmet oz and herschel walker. >> dagen: speaking of oz, john fetterman did an interview with nbc news and the reporter who interviewed him said specifically in small talk before my interview with fetterman it wasn't clear that he understood what i was saying. and he was pressed on the issue
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of -- nbc we've asked for your medical records and you've declined. why. fetterman says our doctor's already given you a record saying i'm ready to serve. and nbc presses him and says that letter was six months ago. don't voters deserve to know your status now? and his response was, i do speeches and give interviews, interviews during which he has to use a -- not a teleprompter but closed captioning to understand what the reporter is asking him which is what will happen with the debate toward the end of the month. so i think that this is something that's not going to go away for fetterman and will get worse. maria: i think you are bringing up such an important point. do we have an interview of watching fetterman when he's in the interview and he's got the computer right there, showing everything on the computer. james, you don't see this and now we've got a sitting
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candidate wanting this senate seat and he's reading what everything is saying on the computer next to him had in an interview. >> a lot of people in our industry giving him a pass. it's a legitimate question. but i kind of think with fetterman it benefits him to have the debate about his health through election day. because i think to the extent that people are not talking about his truly radical views on crime and policing -- maria: good point. >> these are not sort of strange comments he made as a college student. these are not old comments. these are from 2020, 2021, even 2022 in terms of seeking to parole violent criminals. dagen: people convicted of second -- >> comparing the police to an occupying force when they show up to enforce the law. blaming their riot gear, according to him, for starting riots. people think riots in this
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country happen because police wear riot gear? it is a really bizarre, reckless set of views he's expressed in his very recent history and so i think to the extent that he can talk about his health and probably draw some sympathy from people, i think that's his best hope for holding on here in the last few weeks. dagen: you're not suggesting that concerns and questions about his stroke should be dismissed? >> not at all. not at all. i'm just saying, i think if you're thinking about the fetterman campaign and you've gotten this guy who is -- who has essentially done nothing, he lived off his family for decades. he's had not much gainful employment, really nothing just about unless you count a brief period at lieutenant governor. he's expressed these radical views. i think their best hope is to just keep all of that in the background and see if he can coast to the end here.
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maria: meanwhile, former hawaii representative tell tule tulsi d announced she's leaving the democrat party. she says this is a party that is run by radical elites. >> it's really -- you go back to the history of the republican party throughout the northeast. it was the elites running the republican party. all those people have converted to the left and that's why the northeast is so dominated by the liberals, like part of the liberal mindset is reinventing the wheel because i'm smarter than you, i'm better than you and nothing better p personifies the democrat party than lecturing people. maria: as they take private jets everywhere. >> so it's not surprising, tulsi gabbard is an independent
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thinker, there is no room for independent thought on the left today. dagen: i think a lot of people, their reaction was probably she's was still a democrat? really? that didn't happen like a while ago? her defecting from the party. maria: she didn't say she's going to become a republican. she just says she's leaving the democrat party. >> yeah. and look, she got a few percentage points in primaries last time around. maybe in a close election, if those -- call them gabbard voters become unaffiliated that can make a difference in tight races. >> she ended the kamala harris presidential campaign in about 60 to 90 seconds when she went through her record and her hypocrisy and just remember the vice be president left the primary before a single vote was cast because she had no support. dagen: i think we know kamala harris ended her own campaign success. maria: if you ever seen anybody as unprepared? >> no.
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dagen: beauty pageant contestants, like teenage beauty pageant contestants. maria: we are getting a read on inflation this morning. we will give you the numbers, take a look at the impact on the markets this morning and we're previewing the consumer price index out tomorrow. plus, more affordable home purchases, cheryl casone is here with a roundup of the top american cities where home prices are dropping, it's making a buzz this morning. don't miss it. you're watching "mornings with maria" this morning, live on fox business. with models that fit any lifestyle. and innovative ways to make your e-tron your own. through elegant design and progressive technology. all the exhilaration, none of the compromise. the audi e-tron family. progress that moves you.
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maria: welcome back. time for the word on wall street, top investors watching your money. joining me right now is michael lee strategy founder, michael lee and payne capital management president, ryan payne. great to see you on set, in person. good to see you. ryan, we've got a rally underway this morning, something that you've been calls for for a long time, third quarter earnings kicking off this week. big week of economic data. dow industrials up 150 points right now. the ppi is out this morning,
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expected to be up two tenths of a percent month over month, 8.4% year over year. we're looking ahead to the fed minutes out at 2:00 p.m. eastern. i think the earnings news is probably going to be the biggest mover of markets overall. your thoughts on what to expect. >> i think number one, inflation's been persistently stubborn. we keep waiting for it to come down. it's not feeding its way through the system yet. i think that number will probably stay higher than we would like. i think it's all about earnings. the one thing i mention about earnings right now, margins have stayed pretty tight or they've stayed pretty strong throughout the whole cycle of higher inflation. so that says to me that earnings are probably going to continue to be he pretty good. companies have come down, they lowered their forecasts, they love to play the game of lowering the forecast too much so they can beat on earnings. i think it will be a very good earnings season and i do think real inflation on the ground floor is still coming down, not showing the numbers yet. it's not a horrible combination. this economy is not as horrible as everyone is telling you, maria. maria: it's going to be the
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guidance, right, that is going to be the mover of stocks and we're waiting to see an impact on jobs on all of the slowdown that we're looking at. intel is planning to cut thousands of jobs, the demand for froes he'sers -- processor is declining. intel a mover this morning. what is your take on the intel news that they'll cut thousands of jobs. >> the fed set out to crush demand to quell inflation. you're starting to see that now. you had a report from the new york fed yesterday, consumer demand falling off a cliff. a m md last week, missing revenue by a billion dollars. substantial number. and now we're seeing job cuts from intel. this could be up to 20,000 people out of 120,000 person workforce. so almost 15% of their entire staff they're going to get rid of. maria: that is a big number. >> this is substantial. the fed will keep going until something breaks, whether it's a financial institution, markets seize up or job market or inflation. one of these things has to break for the fed to pivot.
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we're starting to see it in the labor market. i don't want to say this is good news but i believe this has been a long time coming. so as this labor market continues to weaken, we could only hope that we get a pivot from the fed which i believe is what's necessary for markets to recover. maria: i feel like lael brainard's comments were sort of suggesting -- i know she wants the stimulus and is a dove on this but did you read anything out of the comments she made yesterday about that? >> what's going on in the united kingdom with the pension fund, you can start to see certain systemic assets. so the guilt going from 3.8% to 5% in a day, you're starting to see things break. and so i believe jeff gunlak has the right idea and the rate hikes we're almost at the end and the focus should be the balance sheet. maria: wow, we'll see. >> i would make -- maria: do you agree with that? >> you mentioned unemployment. it's been freaking -- they can't get the unemployment number up. if they do, if you look at
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markets historically the market recovers way before unemployment starts to go up. so i think the big mistake investors are going to make is let's wait for good news, let's wait on sidelines because you know the market will rally ahead of any good economic data. i think that's what you have to focus on right now, like the s&p trades at 15 times forward earnings which means historically it's pretty average. get in now, don't wait for the good news. once the good news happens, the market's already higher and you'll think i wish i listened to ryan payne. maria: pepsico, guidance is up. that will be a market mover. >> any company that has pricing power with inflation, pepsi is a great example of that. tech is not a great place to be in a rising interest rate environment with inflation. there's plenty of places that do well in this environment, including consumer staples. maria: jamie dimon says we'll be in recession within six months. he says the stock market will
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drop 20% from here. >> what i'd have to say for investors like ryan pointed out that the market will bottom ahead of the economy getting better. so if you think march 2009 is when we bottomed. unemployment peaked in april of 2010. so i think there is some carnage and some damage out there that's coming. i think things are holding on by a thread in various markets across the world. the dollar strength is debilitating to a lot of the other economies in the world and the one thing joe biden did say that's correct is we are in a much better situation than most other places and unfortunately that could end up breaking a lot of things and so as that's happening, i'm looking for the notion that the fed is going to kind of change their tune. i think the market pivots there and the market is 12 to 18 months ahead of the overall economy. so i think some of these dire predictions could come true but it depends on how they manage them. maria: we'll see. ryan, great to see you. >> thanks, maria.
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maria: thank you so much. ryan payne, michael lee you're sticking with us all morning. we're grateful for that. defending hunter, president biden shrugs off possible charges for his son and that he's proud of him. wait until you hear this one. stay with us. this isn't just freight. these aren't just shipments. they're promises. promises of all shapes and sizes. each, with a time and a place they've been promised to be. a promise is everything to old dominion, because it means everything to you. ♪ choosing miracle-ear was a great decision. like when i decided to host family movie nights.
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>> this thing about a gun, i didn't know anything about it. but turns out that when he made application to purchase a gun, what happened what i guess you get asked -- i don't guess, you get asked the question are you on drugs or do you use drugs. he said no. he wrote about saying no in his book. i have great confidence in my son. i love him. he's on a straight and a narrow and has been for a couple years now and i'm just so proud of him. maria: president biden defending his son hunter biden over reports that he could soon face criminal charges for illegally purchasing a firearm, lying to investigators and also of course tax crimes because of all of the influence peddling. the foreign lobbying and making false statements, one report says that these charges could be imminent. that that was the washington post reported that. joining me now is former u.s. acting attorney general, matt whitaker. thanks very much for being here.
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when does this become a national security issue, in your view, the fact that this family has taken in tens of millions of dollars from officials tied to the chinese communist party, officials in ukraine, and in russia? among others. >> well, yeah, it's good to be with you this morning. it's already a national security issue and it has been for years. i mean, ever since joe biden was done being the vice president and hunter appeared to be kind of running an operation to line joe biden's pockets with money from china and the ukraine and other places to your point. and so this continues to i think dog the president, obviously it's his son. he loves him. there's no doubt about it. you can see the heart break in his visuals from that video but at the same time hunter biden has been the poster child for the two tiered system of justice and i think the american people are expecting something to happen and probably should have happened a year or two ago when the laptop first surfaced and
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the fbi had this evidence but i guess this is justice delayed but maybe it's not justice denied ultimately. maria: just to be clear, there are e-mail that's we have that this family is lobbying overseas officials while joe biden was vice be president. so this is not just starting after joe biden left the vice president's office, okay, because i mean yesterday we showed an e-mail. here's the e-mail that they're talking about, who gets what from the cefc partnership, 10% equity held by h for the big guy. that's may of 2017. if you go back to 2015 and '16 when the beginning of this relationship with cefc happened, joe biden was the sitting vice president. mike, jump in here. >> at what point does this go beyond the level of influence peddling? so hunter biden launches a private equity firm to be funded solely by the chinese bank,
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chinese national bank, and he has no track record in private equity, not only does he have no track record in private equity, he has such a drug problem that all his teeth rotted out from a crack addiction. how does a guy like that get a billion dollars from a sole investors and after that china militaryizes the south china he sea. at what point does that go to selling out the interest of the united states for 5 40 or $50 million for your family. maria: which would be he treason. >> yes. >> this is public corruption at its worst. you're absolutely right. it does date back to when joe biden was vice be president. we have the visits to the white house, several times from associates and hunter himself and so this is one of those things that ultimately the question i think that needs to be asked of this u.s. attorney who is making the decision and i've made those decisions as a u.s. attorney, is how many of
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these crimes can you prove and how far do you take this case and unfortunately based on these reports that we're seeing in the washington post and other outlets, it does not appear this u.s. attorney has much curiosity to get to the bottom of what mike was pointing out. some of this real bad public corruption that is being really kind of nice. this is like some of the worst possible things where hunter apoors to be selling -- you appears to be selling access to his dad and his dad's name and it really needs to be accounted for. maria: and the whole time the fbi knows about it, the fbi is aware of it and they're covering up. they hated donald trump so much that they cover up potential treason. now we've got this reveal, special counsel john durham he revealing that the fbi offered to pay ex british spy christopher steele a million min
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dollars. you covered this so much. your reaction to this and the ongoing try of igor danchenko who had a three day interview in january of 2017 with the fbi and he told them at that time, no, the dossier was made up. we were embellishing, we were having beers with friends and laughing about it. >> maria, it goes to your first point which is they wanted to get donald trump so badly that they were willing to pay a million dollars to corroborate the steele dossier and a this is -- the trial is all about how they could never corroborate it and it's -- i think it's kudos to john durham for actually telling the story through these various trials but especially the danchenko trial. i think as this case lays out, you're going to see how desperate the fbi was to prove these allegations because they wanted it to be true and in fact, they wanted it to be true so much that they put it in to
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the carter page fisa before they even corroborated it. maria: it's great to get your take on all of this. thanks so much. matt whitaker joining this morning. quick break and a then president biden calling vladimir putin a rational actor in his war against ukraine before doubling down and calling him a war criminal. former senior advisor to secretary of state pompeo mary kissel is here to weigh in onyo that. stay with us ded. a comprehensive wealth plan for your full financial picture. with the right balance of risk and reward. so you can enjoy more of...this. this is the planning effect. another busy day? of course - you're a cio in 2022. but you're ready. because you've got the next generation in global secure networking from comcast business. with fully integrated security solutions all in one place. so you're covered. on-premise and in the cloud. you can run things the way you want - your team, ours or a mix of both. with the nation's largest ip converged network.
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maria: welcome back. the supreme court rejecting an abiel from the -- appeal from a man convicted of nine murders. cheryl: the high court rejecting the appeal from the man who challenged the death sentence and conviction, he was convicted for the 2015 racially motivated murders of nine members of a black south carolina congregation. roof was focusing on mental illness related evidence in his case. he remains on death row in a
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maximum security prison in indiana. president biden calling for the full resignation of la city council member mary martinez. she resigned from her leading the council but she is still there. we told you about her yesterday. profanity laced recordings were leaked where she is heard calling the black son of a colleague on the city council a little monkey and there's more on the recordings. anger erupting at a city council meeting yesterday over those racist remarks. this was the first time they met since the story broke. demonstrators filled that chamber. well, nike is cracking down on sneaker buying bots, orders that are made using automated software. nike will cancel orders made on website or apps and is adding restocking fees and possible of penalties for those who use the type of software. this is seen as a big blow to the resale market. finally, this.
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nasas' asteroid smashing dart mission is seen as a smashing success. it was seen as a test for the agency. the spacecraft made impact with the distant asteroid, shifting the orbit, scientists calling this a watershed moment. americans are having a tough time paying for gas and groceries but if an asteroid comes toward earth it will be okay, everybody so you can sleep better now i guess. maria: what a story. thanks, cheryl. cheryl: you bet. maria: president biden painting an uneven picture of his stance on vladimir putin's war in ukraine, here's what happened yesterday. >> i think he is a rational actor who is miscalculated significantly. he's acted brutally. i think he's committed war crimes. he in fact can not continue with impunity to talk about the use of a tactical nuclear weapon as
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if it's a rational thing to do. maria: ukrainian president president zelenskyy urging g-7 nations to provide air defense to implement a price cap on russian imports of oil and gas. joining me now former senior advisor to secretary of state mike pompeo and senior policy advisor, mary kissel is with us. great to see you. >> great to be with you. maria: assess the russia story for us right now. what do you make of biden saying he's a rational actor who miscalculated? >> well, i think he is a rational actor, maria, it's perfectly rational if you've invaded multiple countries over three presidential administrations, republican and democrat, although not in the trump administration, i hasteen to add, and have had no serious pushback from either the europeans or the united states, it's perfectly rational to think, well, i can go in and grab another piece of ukraine. and unfortunately, we have to
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meet this invasion with overwhelming force and we just haven't given the ukrainians what they need to win. maria: yeah. and all the while china supporting vladimir putin. sunday will mark the beginning of the people's congress and xi jinping, it will be clear that he is dictator for life, i assume. what are your thoughts after this congress happens on sunday and a it goes on? how will things change in terms of the provocations from china, mary? >> well, when i talk to clients, i speak to them about the nature of the regime. that's a very important thing to understand. and maria, you get this right but most of the rest of the media doesn't. they're talking about his ceremonial term as president, is he going to get a third term as quote, unquote, be president. that's irrelevant. that ccp propaganda. what's relevant here is his
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appointment as general secretary of the chinese communist party. there are no term limits on that designation and that's what gives him the power to run communist china. all evidence points to the fact that, yes, his reign will continue and you can just look at a his history. he's been very clear about what his goals are, to root out corruption in the party, to cement its grip over the chinese people and then to turn outward and to make china the preeminent power in the world. that's the goal. he says it all the time. maria: yep. >> he's been very provocative towards his neighbors and he's cultivated lobby groups here in the united states, whether it's goldman sachs or it's larry fink or others. you've got a lot of american bankers who are going to go to hong kong just next month, maria, to pay homage to the party. those links still exist. we have to speak often about the nature of of t -- nature of this
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regime, the risks it presents and what we're going to do about it. it's extremely important to speak the truth. maria: i wonder if he pulls a hong kong and goes into taiwan that way. no guns, just goi going in, stas throwing out new laws, throwing people in jail. your former boss, secretary of state mike pompeo, did an op-ed, they're out with a journal op-ed on what they call china's threat to taiwan semiconductors. they write, quote, no matter how it is achieved the annexation of taiwan would of spell disaster for u.s. interests, in the phi juan semiconductor manufacturing company cannot produce chips, the global economy will tank. everything is quote, unquote, smart these days and it needs a semiconductor chip, whether you're car, home, washing machine, whatever. what happens when and if xi jinping marchs into taiwan, no guns, just going in there with rules and throwing people in jail if you're not on china's
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bandwagon? >> well, we've already had a preview of this, right. maria: right. >> when xi jinping implemented covid policy and supply chains coming out of china essentially shut down an we've seen rolling shutdowns and we've seen that continue so that that's not over. chinese propaganda outlets said this week that the zero covid policy will continue so we can expect more disruptions there so you have seen many u.s. manufacturers, european manufacturers working to diversify. that's a good thing. however, the question is, how do we incent companies to do that. what w5 we've basically seen is industrial policy out of the united states. democrats do it for things like solar panels. republicans do it for things like semiconductors. i don't think that's a good idea. i don't think government should pick winners. i know markets work.
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our competitive advantage here are our inknow vatters. -- innovators. i think a better path would be to have tax incentives, investment zones, to work with oural a lies, britain, use a trail ya and -- australia and others and say, look, we're for free trade with our friends. we should set up mechanisms that are flexible and manufacturing supply chains that are flexible and reliable and we may not get there within the next year, maria. and that's why it's so important that we have to deter both vladimir putin and xi jinping from their imperialist ambitions. these nuclear threats that you started out the segment with that putin is making, why does that matter? that matters because if he normalizes the use of those weapons in war, what's to stop pakistan from using it on india or north he korea from using it on sou south korea or the japane from getting a nukes or saudis or taiwanese.
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it's a perilous moment. we have folks coming into stephens and saying, hey, i never had to think about these geopolitical risks before. what is this all about? we have to be brutally honest and clear in our assessment of the nature of the regimes, the enemies that we're facing, who our friends are and what that's going to mean for the bifurcation of things like supply chains, trade flows, capital flows, flows of people. maria: absolutely. >> it's a new age. it's a new era and we have to -- we just have to be truthful about how the world is changing. maria: i'm wondering if it's a new day or a new day is coming in iran. let's talk about these protesters, demanding the ousting of iran's islamic he republic. protests expected to intensify. they're calling for death of the supreme leader. people in more than 50 iranian cities are protesting, 186 people have died due to the government crackdowns. but mary, you are seeing real
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courage when it comes to women there and the protesters are not stopping. we've been hearing he's on his death had bed for a long time. the supreme leader. where do you think this is going? >> well, as you said, it just -- it's remarkable to see the courage and the resiliency of the human spirit, whether it's in iran, whether it's in the people of ukraine, the residents of hong kong, right, who of aree suffering under the yoke of the communist party or tibet. it's remarkable. the biden team, many were in office under the obama administration and they tried appeasement. they also tried silence. they didn't say anything when protests broke out at the beginning of the obama term. the united states was blamed anya way for those protests. under the trump team, uh huh had
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a -- you had a different experiment. you had maximum pressure which worked to curb the amount of money and support that the world's largest state sponsor of terrorism was receiving. and that worked better and so i think you can just look at history and the two experiments and say it's obvious what should be done now. no one is talking about sending troops or weapons or anything else like that into iran. we need to provide them moral support. we need to shut down the funding for that regime. and we need to open up avenues so that the iranians can communicate with each other. we did not do that, for instance, in cuba when those protests happened. remember, that's completely fallen off the media's radar that there was a chance actual throw have democracy, 90 mites sou-- 90 miles south of floridan a regime that created lots of problems for us if the hemisphere. it's important to get the
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europeans on-board. remember, france has many corporate interests in iran. britain, even under the trust government, which is far more conservative than the predecessors has not disavowed the attempts to talk. so there's a lot of diplomacy that needs be done but there's a lot that can be done. maria: at a minimum, i assume we should not be strengthening iranian leadership's hand by giving them money and getting back into an iran deal. this is a moment in time right now, it could be a be pivot, it could be big for the iranian people and the world but getting them back into the market now in an iran deal strengthens the leadership hand, doesn't strengthen the people. >> it's not a time to isolate saudi arabia to make the obvious point who is our strategic partner that is fighting the iran backed terrorism, not just in the gulf but all over the world.
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maria: yeah. all right. mary, great to get your insights on all of that. thanks very much. we will see you soon. mary kissel joining us. stay with us.er and buying your starter home. or whatever this is. but the things that last a lifetime like happiness, love and confidence... you can't buy those. but you can invest in them. we believe that your investments should work harder for the future you imagine. and that's where our strategic investing approach can help. t. rowe price. invest with confidence. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today.
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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. millions have made the switch from the big three to the best kept secret in wireless: xfinity mobile. that means millions are saving hundreds a year with the fastest mobile service. and now, introducing, the best price for two lines of unlimited. just $30 per line. there are millions of happy campers out there. and this is the perfect time to join them... add a line to your existing plan, or see for yourself how easy it is to save by talking to our helpful switch squad at your local xfinity store today. maria: welcome back. the los angeles city council has voted to explore the creation of an office of unarmed response and safety. this would remove police
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response to no noncriminal situations. kelly o o'grady has the latest. kelly, good morning to you. >> reporter: good morning to you, maria. yes, so rather than have police respond to what would be defined as a noncriminal or nonviolent situation, you would instead have unarmed service providers take the call and the idea is to deescalate the lower risk situations by removing an armed police presence. service workers would collaborate with 911 dispatchers to respond to calls involving mental health or homelessness. proponents hope it would allow strapped police resources to address more pressing incidents. law enforcement shares these can quickly turn dangerous, posing a threat to responders and the community. >> you find out who late when it's not nonviolent. there's no magical way to know when a situation escalates.
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it can happen at the drop of a hat. they call it reimagining public safety. >> reporter: we did ask residents and while some were for it there were a lot of questions around how you can determine if a call is nonviolent or noncriminal and a lot of skepticism around whether the responder would be effective if a weapon gets pulled. >> i don't think it's safe. you know, mental health situation can turn violent. >> it gets volatile. what's a person to do, just try talk them out of it? come on. they're not trained for a situation like that. >> reporter: the sheriff shared with us that he feels that this is really just another form of defunding the police, so maria, we will keep a close eye on how effective this type of response is in the future. maria: unbelievable. kelly, thanks. kelly o'grady this morning in los angeles. joining us is the fraternal order of police national vice president, joe gamaldi.
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thanks very much for being here. let me guess, this is not going to end well. your reaction? >> yeah, no, it's certainly not going to end well. they're already experimenting this in other places. in washington, d.c. they deemployed violence dash dash -d violence interrupters. as law enforcement we don't mind if you put a mental health clinician in the car with us. sending someone who is unarmed to a situation that could potentially turn volatile is just a horrible decision. i mean, this literally happens every day when we're out on the streets. we go to a call that we think is something minor and it escalates very, very quickly so they're not thinking these things through. they're just trying to throw whatever against the wall will stick to whatever new change in policy that they think is going to be great for their progressive base. but they're not thinking about the community at all. maria: not at all. dagen, maybe the criminals will find out what's going on here and they'll bring their weapons,
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knowing that the citizens who are coming to stop this won't have weapons, dagen, jump in. dagen: there's an incredible article in the new york post just about the law here, kendra's law, which is very rare for the country but you are forced into court ordered supervised outpatient treatment that if you have refused treatment, if you become violent and it just speaks to the need to expand that, that mental illness, like the way we've been treating mental illness is the institutions are prisons in this country and now in places like new york where the prisons have been emptied and there's no bail required if you get picked up for an offense, all these people are on the street and it's a matter of getting them into treatment and that means expanding the number of hospital
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beds in the country, joe. >> you're absolutely right. i mean, it's not uncommon that every night i'm on patrol that all the mental health beds are he completely full within an hour of being out on the streets and there's nowhere for us to take these folks and it's unfortunate because the resources aren't available and it falls to law enforcement but to blanketly say we're not going to send police officers to mental health calls, they can be the most volatile when we head out to them so these plans are not well thought through. we need to rethink how we handle mental health entirely in the country to make sure that there's resources available for those folks while also balancing public safety in our communities. dagen: i want to add, the number of available state hospital beds for those with psychiatric problems has fallen by 97% since 1955. there are no state hospital beds essentially for the mentally ill and so it falls on police officers in the street to deal with it. maria: james, real quick.
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>> it just seems so that we've come so far from broken windows policing, joe. we learned in new york city in the '90s, the 2000s that enforcing against low level offenses helps everybody, helps neighborhoods, reduces crime overall. do these cities all have to learn that lesson the hard way again? >> you know, i don't really know what it's going to take to wake everyone up because we literally have a culture of lawlessness that a is gripping the country and it's thanks to bail reform, rogue prosecutors, rogue judges, and they just continue to push these revolving door policies and the results have just been catastrophic. the fbi just released a report that 2021 was the deadliest year for h homicides in 30 years. violent crime is up if chicago 37%, new orleans, murders are up 140% since 2019. in milwaukee murders are up 20% this year over last.
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violence against us is up. we've had 252 police officers shot this year. we just had had three more shot in philadelphia this morning and i'd ask you all to keep them in your thoughts and prayers. but this is what's going on in our streets right now. this is not sustainable as a country. so i i'm more everyone that's -- implore everyone that's watching. you need the to vote for law and objorder candidates. it is continuing to spiral ought of control. we need to stop the lawless insanity on the street. maria: there's lawlessness at the southern border. don't forget that thanks for your leadership. we'll keep on it. we appreciate you. quick break and then a more affordable home purchase. cheryl casone is here with a roundup of american cities where home prices are declining. it's the hot topic buzz and it's next.
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thank you. mmhm. [bubbles] >> >> . maria: welcome back realtor.com with a list of u.s. cities with biggest declines in home prize since june reporting 30-year fixed rate mortgage increased to 6.81% highest since 2006. in addition to mortgage rates rising crime spiking raising the question is crime impacting home prices in cities as well cheryl casone breaking it all down. cheryl: yeah, you know quality of life, we talk about this but it is so important for many things, including housing prices, you look at
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city like austin, texas first example home prices have dropped 10.3% the average median house price 558,000 down, austin one of the hottest markets that we've seen during pandemic what is happening there, talk about quality of life big homeless problem in austin number one,% example phoenix arizona one of the hottest in pandemic housing price down 9.9% right now average price of a home -- that is dropping, so a change crime is up, 2.4%, in city like phoenix arizona vegas down, crime up 3.1% in las vegas people if you don't feel safe are you spending big money on a home the question
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in stockton california down 7.7% crime up, 7.4% crop in home prices crime up over 20% in spokane, washington that defund police magic that we've seen in spokane what does that do to quality of life in cities, so, people are saying if i am not safe paying higher taxes in some cities cities which i am do i want to spend money on a home in then you've got he mortgage rate story on top of that you said in the driks mortgage rates 6.8%, for 30-year fixed, popular loan 30-year fix. dagen: a function of mortgage rates not function of crime because crime is going up, when home prices were going up, so, you know, these are some hottest markets, the most expensive, based on what people make in these cities so when you have the cost o
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