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tv   Mornings With Maria Bartiromo  FOX Business  June 9, 2025 6:00am-7:00am EDT

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(fisher investments) at fisher investments, we may look like other money managers, but we're different. (other money manager) you can't be that different. (fisher investments) we are. we have a team of specialists not only in investing, but also in financial and estate planning and more. (other money manager) your clients rely on you for all that? (fisher investments) yes. and as a fiduciary, we always put their interests first. (other money manager) but you still sell commission- based products, right? (fisher investments) no. we have a simple management fee structured so we do better when our clients do better. (other money manager) huh, we're more different than i thought! (fisher investments) at fisher investments, we're clearly different. cheryl: good morning, i'm cheryl casone, i'm? for maria bartiromo. it's monday, june 9th. your top stories, 6:00 a.m.
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eastern time. breaking news this morning. president trump ordering the national guard into los angeles, telling his administration to take all actions necessary after a weekend of violent riots and protests of i.c.e. raids across the city. california democrats saying the chaos is because of the trump administration's actions. we're going to be following this for you. let's take a look at futures this morning. we've got trade talks underway overseas. the dow right now is up by 19, nasdaq down by 10, trade talks happening in london between the united states and chinese officials. we're going to have a live report later on. taking a look at yields this morning. we've got the ten year right now sitting at 4.49%. a little bit of a basis point drop there. president trump is again urging fed chair jay powell to cut interest rates by a full point ahead of next week's june fed meeting. a key inflation data out this week, we've got may cpi and ppi, we're going to preview that.
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taking look at european markets for you this morning, as you can see, we've got red across the board, the ftse, cac and dax are all negative and to asia overnight you have green across the board as you can see. back here at home, senator rand paul telling maria he is opposed to the big beautiful bill but would consider ron johnson's plan of a two step process. house ways and means committee chair jason smith reacting to that. we've got that. joining the conversation all morning long, columnist and fox news contributor, liz peek and michael lee strategy founder, michael lee. "mornings with maria" is live right now. breaking news this morning. there is chaos right now in los angeles as violent protests and riots breaking out in opposition of i.c.e. raids carried out by the teams there. this is all from president trump's promise to the american people when it comes to illegal immigration. over 2,000 protesters were seen
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on the 101 freeway waving mexican flags and lighting waymo cars on fire, at least 27 people were arrested yesterday. president trump posted this on truth social. los angeles has been, quote, invaded and occupied by illegal aliens and criminals. he ordered homeland security officials to take action to liberate the city from illegals. here's the president yesterday. >> what is the bar for sending marines? >> what i think it is, if we see danger to our country and to our citizens, we'll be very, very strong in terms of law and order. it's about law and order. >> secretary hegseth -- >> we'll see what we need. we'll send whatever we need to make sure there's law and orders. cheryl: california democrats doing everything they can to shift blame from themselves to the president. here's la mayor, karen bass. >> what we're seeing in la is
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chaos caused by the administration. people should exercise their right to protest. that's their first amendment right. but people should also exercise that right peacefully. we do not want to play into the administration's hands. we're working with officials we're organizing resources but what we're seeing in los angeles is chaos that is provoked by the administration. cheryl: governor gavin newsom wasting no time, referring to the president as a dictator on x. he's also set to sue the administration today while demanding the president rescind what he calls the unlawful deployment of troops into los angeles, again saying there was a problem -- there was no problem, excuse me, until donald trump got involved. the president posting this on truth social. governor newsom and mayor bass should apologize for what has happened, saying these are not protesters, they're troublemakers and insurrectionists. there was also unrest in new york city over the weekend,
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activists encouraging more rioting. the wall street journal writes here we go, the deportation war begins. that is the editorial board this morning. they say trump's got a mandate but obviously there might be some trouble ahead. >> he does have a mandate. i mean, polling shows that the majority of americans actually want to deport, 97% want to deport people who are here illegally and who have committed violent crimes, over half want to deport anyone who has committed any crime. we've gone from defund the police to now block i.c.e. this is defund the police part two and they have similar or roy ins, cheryl. the origin being basically a distaste for law and order which is the kind of activity that donald trump promised americans when he got elected so he is following through on his commitment. i think what's unfortunate here is that you have a california governor who wants to run for
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president, right now the best credential you can have for winning the democratic nomination in 2028 is that you can stand up to donald trump. so there's everything -- gavin newsom has every ambition and every impulse to basically block what president trump is trying to do even if it hurts his state which is what it's doing right now. cheryl: and of course, you mentioned the race for the political office, highest job in the nation. well, that's gavin newsom right now and that could be motivating a lot of what he's doing or not doing, to with clear, speaking of running for president. former vice president kamala harris who could be running for california governor, she's getting slammed for her response to these riots. here's her statement on x. she puts the blame solely on the trump administration. says the deployment of the national guard is a, quote, dangerous escalation meant to provoke chaos and she goes on to call the administration's action as cruel and calculated.
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but listen to this. vice president jd vance commented on the unrest and the biden administration's role. he says one of the main technical issues in the immigration battles is whether biden's border crisis counted as a, quote, invasion. so now we have four nationals with no legal right to be in the country waving foreign flags and assaulting law enforcement. if only we had a good word for that. so you can see that they're starting to lay out their reasoning for not only calling in the national guard, but then you also had defense secretary pete hegseth talking about marines being on standby at camp pendleton so that incited the flames even more. >> it's clear karen bass has no control over the city, we saw that from the la fires. these are grossly incompetent politicians. gavin newsom will lock up and throw away the key and shut down your operation if you don't wear a mask as he did to small christian schools all over the
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state. if you're on the we've beach yoe arrested. it's okay to throw bricks off the overpass and set waymo cars on fire left and right. these protests are obviously organized by left wing groups that have ties with who knows who. this is not five years ago. this is not the summer of love. you're not protesting against police brutality. even t though people don't like the protest and carnage that occurred after george floyd, most people agree that police brutality is bad. it's much worse than the polls that you mentioned. last summer, 62% in a few polls said they wanted every single illegal immigrant gone, regardless of criminality. here you have people actively obstructing federal agents trying to do their job. they're going after violent criminals and you have people trying to obstruct that and thee trump administration for trying
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to deport illegal criminals out of our country. cheryl: here's my question, though. do the democrats not remember the backlash from the 2020 george floyd protests? they're doing it again and i think that's what's amazing to me. they're doubling down on the kind of images that you're seeing on the screen and the 2020 george floyd protests completely went against them and, again, sanctuary cities. >> 100%. look at the people they continue to defend. going to el paso to visit with what appears to be a gang banger who has now been brought back, these are their heroes, cheryl. it's totally embarrassing. meanwhile, unfortunately, you know, what we have here is as mike alluded to left wing activist groups funding these organizations, funding these protests, but the democrats' reaction this morning is oh, my gosh a picture of a person waving a mexican flag, that is absolute fodder for president
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trump. you're right, that looks pretty bad to me. i think it's going to look pretty bad to an awful lot of the country. cheryl: we don't know who is funding particularly when it comes to la over the weekend but we've seen it in the past and that is a very good point to make that this is a bigger political movement than just a riot that you're seeing in california, it's a bigger store roy. we're just getting started this morning. coming up, investors are keeping a close eye on trade talks that are getting underway today in london. u.s. and chinese officials are meeting for a chance to try and hammer out a deal. we've got gina bolvin, she'll join us with where she's investing and what she thinks of these talks. you're watching "mornings with maria" live on fox business. (vo) for adults with obesity
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breakthrough in london today. top u.s. officials are meeting with their chinese counterparts, the issue is trade. treasury secretary scott bessent, commerce secretary howard lutnick and jamison grier are all there. president trump posting on truth social, he hopes both sides resolve key issues around tariffs and tech restrictions. let's bring in bolvin wealth management group president, gina bolvin. gina, how closely are you going to be watching these talks in london today? >> oh, my god. hi, good morning, cheryl. it's huge. and but i'm wondering how much of this is already price heed into the market. we've come so far, so fast. the s&p 500 is up about 23% since april 8 lows so we think we've come a little too far, too fast, and some of these trade negotiations positive news might be built in. cheryl: okay. so you think that the market has
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already priced ahead of that but you've also got cpi, ppi this week, domestic issues, a fed meeting next week, gina so there's a lot of things that are coming up for the markets to kind of analyze on top of what happens with trade. let me give you the estimates for cpi. monthly increase, two tenths of a percent, 2 and-a-half percent gain year over year. on the producer's side, a 0.2 monthly increase, prices up 2.6% year over year. with the inflation data, the economy deash-w -- we've got thb reports and numbers were better than expected on friday. do you think inflation data is a risk of the rally at all. >> the inflation right now we're seeing, cheryl, is at five-year lows and we do expect maybe a little bit of a tick-up if inflation but we're not going back to those high levels. i think what's so important to the markets right now is that
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the hard data is i implying a st landing in the economy. what's really important, what we saw about the jobs report is the u.s. private payrolls is creating about 139,000 jobs and that was much better than 125,000 expected, closer to the 144,000 that is the 12-month average. the unemployment rate stayed the same but also what i thought was interesting is that wages are still staying ahead of inflation. so if we do see a little bit of an uptick in inflation, we expect the consumer to weather the storm pretty well. cheryl: mike lee, that's a point that i made with maria on friday when going through the jobs report is that you had wages that were actually coming in better than expected and what that could do especially going into the summer months, that could be an economic boost because, look, gas prices are
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cheap right now, people have been doing this wait and see thing with whether or not they're going to be spending money. that gave me a little bit of a hope that we may see a stronger economic story for this summer. >> look, this resilience, the economic resilience especially for the consumer is something to marvel at. it seems as though what's going on right now is we're just kind of along the same trend and these dooms day predictions from tariffs and that the economy is going to fall off a cliff have proven to be totally and completely false and we're kind of moving along as if this whole tariff tantrum never happened and where the economy's not the stock market, the stock market's not the economy and we seem to be living that and imlay ser focused on a.i. because -- i'm laser focused on a.i. i don't think the market appreciates what's going to happen there, the size of it, the speed of it and how much it's going to grow and so those are the stocks i'm focused on. what about you, gina?
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>> yeah. well, obviously i think what is so important coming out of this earnings season is that we saw this commitment and also we saw meta double down on the a.i. spend and so we still really like technology stocks, communication services, and we think that this trend is going to continue. we might see a little bit of a pullback in the market but not only, mike, you mentioned the consumer is resilient. it's been businesses too. corporate america has been incredibly resilient and we saw that in earnings season with strong margins so i would expect a little bit of a slowdown but again, it's the hard data. it's jobs. it's gdp. we're seeing incredible resilience in strength in the economy and the u.s. cheryl: well, we'll see what the fed's take on this is next week. president trump would like to see a rate cut sooner rather
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than later. we'll see what jay powell does. >> it's not going to happen. cheryl: i'm throwing out that possibility. gina bolvin, thank you for being here. appreciate it. >> thank you. cheryl: we've got a lot more coming up this morning. we've got the back and forth happening over the big beautiful bill. senator rand paul telling maria he would be on board with ron johnson's plan to split it into too but out ways and means committee chair jason smith is ready to throw water on it and he did. congresscongressman scott fitzgd will join us after the break. you are watching "mornings with maria" live on fox business. ♪
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and makes them prove they are good with money. we should not give them 5 trillion and say keep doing what they're doing. they have a terrible record. they need more restraint and more oversight, not less. cheryl: senator rand paul telling maria on sunday morning futures that he remains opposedded to the big beautiful bill but wisconsin senator ron johnson's plan of a two step process, here's what jason smith said would happen if that became a reality. watch. >> ron johnson from wisconsin also is with us. last week and over the weekend with me again and he is insisting this has to be in two bills, that it's just too much in one bill. how would that fly in the house after you've already passed this? >> maria, it would be dead on arrival. rubber has hit the pavement. the people and the president of the united states, they want action, maria. we delivered out of the house the largest tax cut in u.s.
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history, the largest cut to mandatory spending of 1.69 trillion in u.s. history. the most significant welfare reforms in u.s. history and also the largest one-time investment in border security. cheryl: joining me now is wisconsin congr congressman scot fitzgerald. congressman, good morning to you. when you start to hear about these senators and a lot of them were out over the weekend talking about why they're upset with the big beautiful bill and their concerns, this is from the republican side. senator tommy tuberville of alabama who will be rubbing for governor, he's worried about food benefits and the fact they want the state of alabama to pay more for food benefits versus the federal government. 5%, by the way. susan collins of maine, she's worried about a provision that limits the taxes imposed on medicaid providers like hospitals, it goes on and on.
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so this argument is now going to begin this week and we're going to get more thoughts from them. what is your reaction to that? >> yeah, i mean, god bless the u.s. senators, i love them all but it's kind of an academic discussion that ensued where they're all trying to position themselves based on what the house passed. we all know it's not reality. i mean, if scott fitzgerald got to write his own big, beautiful bill, it would look much different than what the house passed but this is the only show in town right now and if you're willing to play that type of game with the inability to extend the tax cuts, you know, you've got a lot of explaining to do down the road. i get it. inhe cloincluding my own u.s. s, ron j johnson, i love him. they may be right on some of these points of but the fact of the matter is, it was a huge lift for the speaker to get this
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bill through and for us to go back and just blow it up and try and start from scratch, it would absolutely put president trump's agenda in jeopardy. cheryl: i don't think senator johnson is saying blow it up, he's saying split it up. that's not what president trump wants. he wants within bill. let me ask you this. the other thing that's been an interesting topic of conversation is about these growth projections, there was a lot of disagreement and discord around the cbo's projection about what the bill does. just remind our viewers here. according to the cbo it would add a net 2.4 trillion to the deficit over a decade, 24 trillion in deficits are forecast through 2034 so people like senator rick scott who was on fox news sunday yesterday says that this does not do enough when it comes to fiscal responsibility. and if you think about it, the republicans are also concerned about the midterms next year. because if you don't deal with the fiscal problems and those promises made, then that could change the house dynamics next
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year. >> yeah, no doubt about i there's a lot at stake in the midterms. what i would say was when i left town on friday, i was hearing good things about some additional reductions in spending that was going to come out of the u.s. senate which that's fantastic if it's stuff that kind of is not focused on some of the very specific items that some of the house members had requested to be inserted in the bill so that they could support it ultimately. obviously, the big one is salt. but i mean, if they're willing to go further and i think you heard senator schmidt talk about this a little over the weekend, it absolutely would help over in the house. so you know, we've got to deal with this once it's lobbed back over to us but if it includes some additional reductions, that's wonderful. let's do it. let's move forward.
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cheryl: that's what rand paul and rick scott are talking about. it doesn't go far enough. liz peek is on set with me. she's got a question for you. >> good morning, congressman. thank you for joining us. actual lirks i'm very cheered to hear the senate has specific additional cuts in mind because the last time they threw out a budget premise over the next several years they didn't have cuts at all practically so what specifically are you hearing? what are they talking about? it's been sort of like throwing their hands up, they're not happy, but i have not heard anybody come out with anything specific. >> no, you're right. i mean, i don't have any numbers yet but senator thune i think has exceeded all expectations on kind of going to the wall and saying hey, listen, each one of you standing committees has to deliver in the same fashion that the house did and we all had our targeted numbers, whether it's financial services of which i was on which we exceeded that with french hill, chairman
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jordan in judiciary, exceeded the number that had been set by the conference that we had to hit. and if they're going to exceed that, if they're going to do a good job of kind of wading through some additional numbers and making them something that the house members can actually go back and sell in the district, that's awesome. so i'm as eager as anyone else to see exactly what those numbers look like but i think we're headed in the right direction and i give a lot of credit to senator thune on that front. che.>> well, he said he's hopio get something together this week and that july 4th deadline, self imposed, is not far away so we'll have to see how that develops. i want to ask you about this before we go. there was late breaking news on friday. democrats are now celebrating the return of the suspected human trafficker, kilmer gasser ya. garcia.he was returned to the u.
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friday afternoon to answer federal charges of human smuggling, conspiracy. the supreme court had ruled back in march that the u.s. must facilitate his return to the u.s. now he's here. maryland senator chris van holland who went to see him last month calls this a victory for the constitution. congressman, the democrats are not acknowledging all of the charges that were laid out in that indictment presented by the attorney general on friday. your reaction? >> no, i mean, yeah, they're trying to take a victory lap on something that's just leaving half of the information out there on the street, which is that the courts actually had said he needs to come back because he has got be wrung through the legal system again which by the way is going to result in him being incarcerated for a longer period of time and actually i hope that after he's done serving that time we immediately deport him again. so i mean, you've got to kind of connect the dots and follow the
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entire story. they're only telling half truths when it comes to the victory lap that chris van holland is taking right now. cheryl: we've said it many times, if that's the sword they want to die on, maybe that's not the best choice for the party. thank you for being here. we appreciate it. >> it's great to be with you, thanks. cheryl: we have a lot more coming up. investors are keeping a close eye on any news on movement on trade talks. we've got top u.s. officials meeting with chinese counterparts in london, it's happening right now. gatestone institute senior fellow gordon chang is joining us. you're watching "mornings with maria" live on fox business. ♪
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cheryl: president trump's tariffs are taking a toll on america's adversaries, c china's export growth slowing to a three month low for the month of may. treasury secretary scott bessent, c commerce second howad lutnick and jamison grier meeting with chinese counterparts today in london. talks are underway. this is coming after washington and beijing accused each other of breaching the 90 day geneva agreement. china granted approval for rare earth exports ahead of the talks. listen to maria asking entire year secretary doug burgum on sunday morning futures about one key issue that could come up today. maria: how are we supposed to have a fair and practical conversation with the chinese communist party about a trade deal when they're undermining
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us, trying to kill americans at every turn. >> agro terrorism you're talking about, this is basically a wuhan covid meets agriculture. those of us from the midwest know that chinese posing at graduate students in iowa ten years ago, they were lit really stealing seeds out of fields. we have to reverse again the four years of trusting like that every grad student here from china isn't completely aligned with the chinese communist party. they wouldn't get to come here if they weren't. china has going back almost three decades had a very strategic long-term strategy of cornering the market for critical and rare earth minerals, controlling over 85% of the processing so whether it's semiconductors, jet fighters or anything with electric motor in it, they can really hold the entire global economy hostage now. cheryl: joining me is gatestone institute senior fellow gordon chang. good morning to you. part of that discussion to let our viewers know was about the
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two students that were arrested, they were bringing illegally these seeds into the united states and they could have caused widespread toxic damage to u.s. crops. we don't know what they were doing with the seeds. we just know they were smuggling in their shoes. gordon, good morning. what are your thoughts on all of this right now as it plays out. >> first of all, that fungus attack was not isolated. in 2020, americans in all 50 states received seeds from china unsolicited. this year, temu, the online chinese retailer sent seeds into the u.s. to u.s. parties that weren't asked for. this is an attempt to plant invasive species in the united states, this is an attack on american agriculture and especially this fungus is even more deadly because it's a biological weapon and it's a weapon of mass destruction and an attack on u.s. farms so why are we talking to china about trade when they are attacking our country? and by the way, we already had a trade deal with china.
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it was announced on may 12th and china had failed to comply with it and yes, i'm glad they're now going to sell rare earths to the big three car makers but they're not selling rare earths to everybody else. i just don't get it. cheryl: but i mean, look, at the end of the day, remember, president trump and chinese president xi jinping did get on the phone so the two leaders did have a conversation and one of the things i mentioned in my introduction to is the fact that we have seen a hit on the chinese economy because of the tariff fight. president trump was never wrong in saying that china was a threat. they are. but how do you deal with a threat that also is still intertwined economically with us? this is the world's first and second largest economies in the globe so this does have real world impacts on a.i., speaking of the minerals. this has obviously there are things that we get from china that we cannot get here in the united states yet. i mean, this is why i think the trade talks are important and the market has been very upset
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of course by the tariff fight. >> yes. and we do have a period of vulnerability and it's not just rare efforts but it's pharmaceuticals as -- earths but it's pharmaceuticals as well. the chinese have got to sell so they're under pressure as well and by the way, when we look at their price data for last month, it shows that the chinese economy is still in a death spiral. it's deflation. fourth straight month the consumer price index was down. 32nd straight month the producer price index was down. we have enormous leverage at this point and i hope that our trade negotiator in london right now are pressing that to the max because we have fewer vulnerabilities than the chinese think. cheryl: we do have the wherewithal to make their economy suffer and i think that is playing out. we just halted nuclear exports to china. that's according to a new report. liz peek has got a question for
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you. >> good morning, gordon. american companies are lobbying the white house to lift the tariffs or not reimpose the tariffs on vietnam, saying that has been a very successful sort of off-ramp to manufacturing in china. in other words, companies are responding i think to the white house's plea to lower their involvement in china and a lot of them have moved to vietnam but what is your view on that? because i suspect you don't view that as much of a sanguine move as these companies are presenting. >> i like the idea that companies have moved off chinese soil but the problem that remains with vietnam is tariff fraud. false bills of lading, products that are labeled manufactured in vietnam are actually manufactured in china and the vietnamese authorities have been complicit in that so we have a lot of work to do with vietnam in terms of compliance. so yes, it is progress but we need much more progress because you've got to remember the context for all of this, liz, is
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that china's been engaged in predatory trade practices, it's been stealing our intellectual property, and this has become a crisis and we need to do something important now to solve this because this really is america's future. cheryl: the new york times, gordon, is out with a new piece, that's called the secret russian intelligence document which shows deep suspicions of china. here's what they write. they say russia's spy hunters are increasingly worried about china's espionage as the two countries grow closer, r russias domestic security agency secretly refers to china as an enemy. it's based on a document that says basically they believe, the russians do, that china is spying on russia's military operations in ukraine and they could prepare to make claims on russian territory. vladimir putin says the country's partnership with beijing is unshakeable.
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gordon, do you believe that? >> well, the reporting is correct. but we also know that for centuries the russians and the chinese have not trusted each other. what really is important is that vladimir putin and xi jinping see that they're country's interests at this moment coincide and they are cooperating very closely. you know, yeah, maybe the chinese are spying on what's going on in ukraine. but russia has allowed people's liberation army officers at the front to view what's going on so this is official coordination. by the way, there's something like 200 chinese mercenaries that are fighting for russia at this moment. those fighting age males could not have gotten visas to get out of china to go to russia without the ministry of state security of china knowing about it so the partnership is getting closer and closer despite russian concerns about china in the long term. i don't worry about china and russia in the 2060s. they'll probably not be friends
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then. we have to worry about what they're doing at this moment and at this moment that partnership is really getting very, very close. cheryl: it's very interesting to see this -- kind of this break in that according to the times. gordon chang, thank you so much for being here. >> thank you, cheryl. cheryl: we'll be right book, -- we'll be right back, everybody. (vo) zepbound means change. for adults with obesity to help lose weight and keep it off. zepbound can help adults lose up to 48 pounds. and some lost over 58 pounds. it's changing what i believe is possible when it comes to weight loss. don't take if allergic to it,
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cheryl: an illegal migrant accused of shooting and paralyzing a marine veteran in texas has a long history in police custody. gerri willis has those details. >> a marine veteran from texas fighting for his life, paralyzed and no longer able to speak after being shot by an alleged illegal migrant who had been arrested four prior times. police say 44-year-old jimmy friesenham was working at a sports bar when he spotted a man carrying a handgun in his pocket and tried to confiscate i he was then shot three times. while i.c.e. played a detainer on the suspect, the local da's office has only pursued aggravated assault charges, leaving the victim's family outraged, calling it a huge slap in the face. former president barack obama's white house physician breaking
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his silence on biden's cognitive decline, saying the president's doctor, kevin o'connor, should have performed a cognitive test to determine his fitness to serve. he actually appointed o'connor as biden's doctor in 2009 when he was vice president but is now questioning his 2024 report declaring then 81-year-old president, quote, fit for duty, coleman called o'connor a good doctor who did his best but told the washington post, quote, i didn't see was purposefully hiding stuff but i don't know that. maybe the investigation will show it. and disney celebrating a major milestone, 70 years of the disneyland park, disney's economic impact is huge with theme parks across the country generating nearly $67 billion annually in the u.s. the company also supports more than 400,000 jobs directly and indirectly according to a new report by tourism economics.
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the stock right now, let's take a look at that. up marginally premarket trading. former 2020 presidential candidate andrew yang is reaching out to elon musk to try and build a third party political party, that is, together after the tesla chief's recent feud with president trump. musk posting a poll on x asking users is it time to create a new political party in america that actually represents 80% in the middle and 80% of those polled responded yes. politico writes, quote, yang said he hasn't heard back from musk yet but he's optimistic. yang also acknowledged he doesn't agree with musk about everything but said his party should appeal to those across the political spectrum. don't forget musk endorsed yang's brie previous presidentil bid. starting a new party, easy.
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having an impact at the polls is difficult. yang's party has tens of thousands of followers, not millions, four years after it was founded. cheryl: that seems to stem the conversation we had over the weekend about when elon musk said 80% of the country is moderate, let's start a new party. since musk put it on x, we're talking about it. gerri's right, there's never been momentum for an independent party. ross perot is the last person that had an impact on a presidential election. >> musk has all the money in the world, couldn't he make this happen? i refer you to mike bloomberg who seriously considered starting a third party, spent a lot of money on polling and discovered it simply was not going to happen. also, it's worth noting here, andrew yang thinks it's a good idea. we've not heard from elon musk. so this is a one party marriage proposal so far, so i don't think this goes anywhere. cheryl: mike, it's interesting
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that andrew yang of all people would come out but everybody that wants to be part of the conversation which has been dominating since the feud to end all feuds which i guess was inevitable that elon musk and president trump were going to have a blow-out. >> andrew yang was one of the loudest proponents of universal based income and helicopter money that launched the inflation tirade that we're still feeling the effects of now that i would say wreaked havoc on our country over the last few years so i would say andrew yang is really out there simply fighting for relevance, right, and that's -- you know e he's a side show and that's all he ever will be. cheryl: it's interesting too because the big argument, we're going to talk about this in a little bit, gerri, about the money that elon musk has. you know, look, he put, what, $300 million into the presidential campaign so it's not so much about they want to team up with musk, let's team up with his money and his funding. >> let's take a piece of that action. everybody likes that. but i wanted to mention, do you know the last time an independent party succeeded?
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the republicans and lincoln, that's how lincoln came into office was on the backs of the third party. but you've got to go back 175 years to see that. cheryl: well, certainly both parties look so different than even they did 20 years ago. republican and the democratic party. >> the machines of the democratic party in particular will never let this happen. they are so forceful and so powerful. cheryl: gerri, thank you so much. let's get a look at the forecast across america, fox weather meteorologist marissa torres joins us now with an update. is it summer yet? >> it feels like it in spots. the northeast was muggy and wet and we have another front that's going to be pushing in by tonight into tomorrow so in fact we could have another round of severe weather foreportions of the northeast. dash-for portions of the northeast. we can't rule out a tornado. looking at a severe weather threat for today in the lower
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mississippi valley and eastern new mexico and into colorado, into tox as. texas. dallas had intense storms last night. the severe threat today not as high of a level. heating up to the west. temperatures 10 to 25 degrees warmer than average especially across washington, into oregon where temperatures will be into the 90s today. cheryl: marissa torres, thank you so much. we are going to take a quick break. we're going to be right back. you are watching "mornings with maria" live on fox business.
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cheryl: good morning name cheryl casone me and for maria bartiromo monday june 97:00 a.m. on the east coast. coming up as our house ways and means claudia tenney will weigh in on the possibility of a two-part big beautiful bill as the senate squabbles over then the sheriff of carroll county texas is here with his thoughts on the anti-ice riots breaking out in los angeles right now time for the hot topic of hour tension between elon musk and the drop administration coming to light following the public followed with the president the washington post reported that the tesla chief body checked treasury secretary scott bessent at the white house earlier this year maria asked white house press secretary caroline leva on "sunday morning futures"

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