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tv   Mornings With Maria Bartiromo  FOX Business  December 20, 2021 6:00am-9:00am EST

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so much more than flavoring food alone. that's one fact the workers at united will never take with a grain of salt. because they, and their product, are an indelible part of how america works. maria: good monday morning. thank you for joining us. i'm in maria bartiromo and it is monday, december 20 with your top stories. joe biden's massive tax spending plan essentially dead as senator joe manchin told fox news he's a no vote. white house is attacking him despite hearing the same thing from joe manchin for five months because of the 5 trillion-dollar price tag and its impact on high inflation and even
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president trump told me this weekend the runaway spending has caused-- sent cost of energy soaring. >> no one has ever seen this before. no one's ever heard of this before. even during my four years, it was not a problem we've thought about because it was impossible. if you have a bakery, anything, you have to he did, machinery, all energy. you have to track it, fly it. energy costs have gone up so high, it's staggering. everything else is affected. maria: more for my weekend interview with president trump coming up, but first markets are selling off under pressure kicking off the new week with new worries over covid. dow industrials down 389 points with a pretty good slide at the start of trading this morning as new fears over the omicron variant hits markets. down better than 1% of the dow jones, one and a quarter precent lower on the s&p 500 and one and a half percent
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lower on the nasdaq, nasdaq down 227 points. price of oil is pulling back. look at this slide. price back down to 6830 a barrel, down almost 4% this morning. all three major indices seeing red last week with oil, homebuilders and retail stock taking major hits. dow jones was down one and two thirds percent, doubt down almost 2% on the week. checking european markets, they are on the decline across the board. in the london, down 80 points, better than 1%. dax index in germany down almost 300 points, down almost 2%. meanwhile, overseas asian markets read across the board worst performers japan down better than 2%. "mornings with maria" is live right now.
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♪♪ maria: morning movers this morning, moderna is up in the premarket. it's up better than 6% with new data from the dirt and breaking the biotech company clinical trials showing moderna's booster increases antibodies against covid-19 and increases immunity against the omicron variant. company says it will still continue to develop omicron's specific variant vaccine. certainly, doing a big boost on the stock this morning on this new suit. cruise line stocks down across the board. worries over omicron were up. implementing new mask mandates as 44 royal caribbean passengers
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test positive when they return to miami over the weekend. all stocks are down better than 3% right now. dow industrials lowest at the morning right now. we are talking about a holiday shortened week this week. kicking out the week of christmas with the dow jones down 418 points right now. omicron variant and inflationary pressers weighed on investors. s&p down 60 and has decked out 234, one and a half percent. joining me right now is ted oakley and also joining the conversation all morning long is a "new york post" opinion editor kelly and president of the partners lee carter. thank you for being here. ted, welcome. you say it's starting to see cracks in the armor, tell you us what you mean as we watch the market saw 400 points this morning. >> maria, what we are starting to see is if you look at the lead stocks that have been
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the big lead for the year, the top eight or 10, they are starting to show weakness, which is where a lot of people invested, but we are starting to see commodities roll over a bit as well. i think this inflationary thing is probably going to be a headwind for people, so we will see how that works out, but for us that's why we are starting to seek cracks and everything. maria: i mean, look, you heard the federal reserve last week removed transitory pretty much telling us we will see inflation in the new year. wall street is reacting. goldman sachs is cutting the forecast to the gdp for the next year with a gdp forecast of 2% in the first quarter. what is the failure of the build back better bill do about this? that's what prompted goldman's move to cut estimates on the economy. tell me about the growth story from your standpoint. >> well, what happens
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with that not coming out, maria, is there's a lot of money that was going to be pushed into the economy. not certain all of it was really going to be used for the right purposes, but it was still going to be out there. that was going to be much of 21 where we had a lot of money flow out to different areas and all of a sudden you have him walk more cash coming. since that's not there, and now you are losing child tax credit in december. you start student loans back and there's a lot of things coming together to probably make that slowing happen. maria: so, i mean, i would've thought that the idea that you are not going to get this major boondoggle spending and tax increases would have been a positive in terms of the investment class was concerned, but it's more that it's selling off because of the impact that the spending won't happen. what about the impact of inflation?
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should that have gone through. >> i think that would've inclusive inflation for sure. i think it will come anyway though with a certain amount of inflation a matter what. that would've certainly pushed it higher because you would have had more money out chasing what we are trying to find it now, which is a lot of things-- you know you can get a lot of things now, so i think it would've had a bigger impact, but i don't think inflation goes away because of that. you will still have a degree of inflation a matter what. maria: how do you want to invest in 2022, ted cracks give us your long-term stock picks and now you want to allocate capital within the coming year knowing what we know now? >> maria, we have three-star energies. in the growth strategy we are looking for companies that can grow 15% a year the next five years. that's corrected somewhat. right now that would be charter number corrected about 200 points.
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paypal, both companies we think and do well no matter what even if you have an economic slowdown and that sort of thing. on the income side, we really like the pipeline , enterprise products, almost 9% yield. it competes with cap rates on real estate really at that level and then we have-- we look at physicians and hospitals, those two companies and pw and doc, we like both of those because they're basically recession resistant and we like the yields on those as well and then on the conservative income side, oddly enough when things slow down a bit you have to have on this curve flattening you have to have a lot of money in short, but you need some money long. maria: ted, good to see you. thank you so much. ted oakley joining us and we are just getting started.
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coming up, president trump sounds off at my exclusive interview including his thoughts on the state of the economy, the origins of covid and the beijing olympics. we had a shocking new report today, amazon may have partnered with china's propaganda arm and run interference for xi jinping. story coming up. and then the border crisis reaching a fever pitch amid a rise in illegal drug sectors. here president trump's thoughts on fentanyl coming into this country. you are watching "mornings with maria" live on foxbusiness. ♪♪ ok, let's talk about those changes to your financial plan. bill, mary? hey... it's our former broker carl. carl, say hi to nina, our schwab financial consultant. hm... i know how difficult these calls can be. not with schwab.
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clearchoice dental implants solved her dental issues. [ kimberly ] i feel so much better. i feel energized to go outside and play with my daughter. i can ate anything. like, i don't have to worry. clearchoice changed my life. maria: welcome back. at some top we are watching: chinese can is star denying she ever accused anyone of sexual
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assault. in interview with the chinese state media, paying is a saying there was quite a misunderstanding in her statement. last month they post on her verified social media account accused a senior chinese official of abuse. the post then disappeared. a few minutes later so did she, for a few weeks. the women's tennis association spoke out about her during that time and today says the new interview does not ease their concerns and they say quote we were remain steadfast in our call for a full, fair, transparent investigation without censorship into her allegation of sexual assault. the association announcing they are suspending alternates in china over beijing censorship. meanwhile new worries over covid with the omicron variant ripping through several big cities. new york the number of new cases are back up to january levels and in washington president but it will address the nation tomorrow with what he's calling quote
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new tools to take on the rise in covid cases. new foxbusiness poll shows 49% of americans don't approve of the presidents pandemic response, down from just a month ago. this as vice president kamala harris said the administration was not prepared for the new virus variant. she says quote we did not see delta coming. i think most scientists did not-- who's advice we have relied, didn't see delta coming, we didn't see omicron coming. after family harris made those comments the white house tried to walk them back and now they are downplaying her comments. dr. fauci is insisting the administration was ready, did see things company and harris was referring to that kind of mutations. senator elizabeth warren and cory booker have tested positive for covid and both are fully vaccinated and boosted with three shots. they say they have mild flulike symptoms. president donald trump joined me for an exclusive interview this
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weekend. the 45th commander-in-chief commenting on issues including the biden presidency, inflation, national security threats and we begin with the origins of covid-19, china and the us abandonment of the bog grom airbase in the botched withdrawal from afghanistan. >> the origins are so obvious. they came out of the wuhan lab and i think of anything-- if anyone thinks differently they are getting themselves, so china has to pay. they have to do something. they have to pay reparations and china doesn't have the money to pay those reparations. i believe that worldwide -- i'm not just talking the united states, worldwide, $60 trillion in damage, 60 trillion. china doesn't have $60 trillion, but they have to do something to make up for what they've done. what they have done to the world is so horrible it's been horrible all over the world.
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it doesn't stop. remember, biden is going to do a wonderful job on covid; right? he's done a horrible job. today, we set a record on cases, a record. this was supposed to be away, it could have been gone and one of the reasons people don't get the vaccine is because they don't trust biden. if you remember they did the paws on johnson & johnson and that was a bad thing to do. people don't know about johnson & johnson. they did the pause on johnson & johnson and even-- i will never take the vaccine if trump produces it and then i produced it and nine months-- less than nine months and it was supposed to take five to 12 years and i did it in nine months. the first one to get it, he got it in early december and even then he's made a speech where i think it was his opening, he said that like he came up with the vaccine. this guy got the vaccine during my administration
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they are big disinformation people. maria: would you have boycotted the 2022 china olympics québec though because i watched jimmy carter do it and it was terrible. there is more powerful things we can do, much more powerful things. that's not a powerful thing. it almost makes us look like i don't know slow losers. we are doing so badly. our country is no longer respected. no, i would not do that. i would like to see our great athletes cove over and win every single metal. when this was done by jimmy carter i remember so well. athletes were devastated, hurt so badly. no, i would like to see the united states go over, which i think they will, when all the gold medals, silver, bronze and do great. maria: do you think china will take over the bog grom airbase? >> i was going to bomb five and keep that airbase. it wasn't for afghanistan, it was
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because of china. it's one hour away from where they make their nuclear weapons. it has the largest runways and most powerful runways, heavy, very powerful thick like in some cases 80 feet of concrete. no one ever heard of anything like that. we spent billions of dollars building it years ago, long before me, and it's right next to china and it's right next to where they make their nuclear weapons and we gave it up in the dark of night. we did leave the dogs, by the way people say we did it-- they left the dogs. caliban doesn't like dogs, so you can imagine what happened. maria: dr. fauci, anthony fauci misled the senate when he said the nih did not fund the gain of a function research. should you have fired dr. fauci? >> a lot of people asking that question and i did it right because if you do fire him you will have a firestorm on
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the left again, as usual. i didn't listen to him. when you think about it, he wanted to keep our country open to china and i closed it. he wanted to keep our country open to europe and i closed it. he talked about masks being no good, i'm not a huge mask believer, but i believe them some purpose and now he's a radical masker. everything he has done-- she's a great promoter. he told me what a great athlete he was and he said you can't throw a baseball 15 feet. other than president obama, maybe it was the worst throw i've ever seen two home play. i think i did the right thing because we would've had a firestorm. less of a firestorm because he's been wrong so often. if you think of it, he wanted to keep our country open to china, europe and all these places and i didn't do it. maria: kelly yan, your reaction? >> i think president trump is right. china should pay for
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what they unleashed on the world and they lied about it. if they had been honest from the get go, we might have had way fewer deaths. we have over 5 million people around the world dead because of covid and president biden has no interest in even finding out what happens i talked to david asher who led the state department investigation under president trump and he's an expert investigation and he believes there's a lot we can do without china's cooperation to find out what happened and this president isn't even interested in doing that let alone punishing beijing. he's just going easy on them. it's really a travesty. maria: come on, he has spoken with xi jinping four times this year and not once did he ask about the origins of covid. why not? >> it's crazy. when you read the readouts of those meetings, covid is not even mentioned. the administration seems to be scared of what china will do. look what they've already done.
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maria: yeah, it could be they had something on them. the "new york post" did extensive reporting on hundred biden's laptop and what came out of it, you and your colleagues. we will take a break when we come back joe manchin puts a put down on democrats runaway spending with the novo and senate majority leader chuck schumer is claiming there will be a vote next year and congressman greg murphy is here. we will get into it. stay with us. ♪ ♪ ♪ ♪
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>> when you have these things coming to you the way they are right now, i've always said this, if i can't go home and explain it to the people of west virginia, i can't vote for it and i cannot vote to continue with this piece of legislation. i just can't. i have tried everything possible. >> you are done. this is a no? >> this is a no on this legislation. maria: well, there you have it, senator joe manchin of officially opposing build back better as democrats try to win over his support for months. senators opposition is a huge blow to president biden's agenda and the white house isn't happy. in a statement yesterday white house press secretary jen psaki said
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if joe manchin's comments indicated the end of negotiation than they represent a sudden and inexplicable reversal on his position and a breach of commitment to the president and the senators colleagues in the house and senate. i don't know how she gets there given the fact he has said this for five months and meanwhile majority leader chuck schumer said this morning mansion's current opposition will deter democrats from trying to push through legislation early in the new year and joining me now is congressman greg murphy member of the veterans affair committee and also cochair of the gop's doctor's caucus if you're good to see you and thank you for being here this morning. >> good morning. good morning, maria. maria: what you make of this? can senator chuck schumer still push this through knowing you got joe manchin officially saying i may know-- no? >> no. it's simple math and sometimes i guess are far left progressive
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ideology doesn't understand that, but he cannot and you know, joe manchin was doing what his constituents wanted. 70% of individuals in the state of west virginia don't want this bill and so he was doing what his constituents wanted and asked for jen psaki saying she was surprised, i feel sorry for her because it's just not truthful in the fact he's been saying this and he has mentioned for months and months and the fact that he actually has honestly tried to get there in the progressive left has not, it's a good sign for america and a sign that actually not every single democrat has been taken hostage by the progressive left. maria: great point and i totally agree with you. expecting this won't happen this year because of what joe manchin has been saying. he's been very clear. meanwhile, what's going on with the confusion about who's running the country, congressman? friday, joe biden once again called kamala
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harris president harris and then you got vice president harris with a tense exchange with charlemagne on his comedy central show friday. >> who's the real president of this country, joe manchin or joe biden, madam vice president? >> come on, charmaine. no, no, no, it's joe biden and don't start talking like a republican about asking whether or not he's president. >> do you think joe manchin-- >> and its joe biden and non- vice president and my name is kamala harris. maria: my name is kamala harris, got that. i asked president trump about it when i sat down with him on who's running the country and here was his reaction, congressman. >> hard to believe. maria: who's running the country? >> think of it. it was so obvious in this case because 450,000-- he was
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incensed, very upset by that question asked by a very good reporter, actually, but he was very angry at that question like how dare you, what a stupid question. the next morning he was saying how yet, this is something we thinks is excellent. that really means, the true sense he's not running the country. maria: congressman, he also said look, i never called mike pence, president pentz. your reaction? >> maria, you know i think the majority of american people i would be interested to know the numbers, do not believe that biden is anything more than a puppet and people are putting up on the teleprompter what his policy is and he's finding out about it at that moment. he's not in control because this-- the policies going on in this administration are the policies of the joe biden in the past. i have a crazy theory that the democrats got together at the election time and realized bernie sanders who is leading
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this could not beat trump and they said tell you what, let's let biden win and bernie will put in your policies and i think if you look at reality, that's going to what's happening. no, i don't believe he's running this. i believe obama and if you will a pilot bureau or grand party like the chinese family-- is telling how the country should be run. maria: i think you are spot on. lee carter, what about that? >> i think there's a general confusion by the american people whether they think he's running it or not it's not the president they expected when they elected president biden. people expected him to be more moderate. they expected him to be someone who would compromise. they voted on someone who said they would bring unity to the country and stop politics when it came to covid. none of these things have happened, so whether the question is is he really running the country or is he running the country as he promised he would, take a lot of people feel
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this isn't the person they ran for specially when you look at the independent voter base to support for the president has dropped by more than 30% and just his 11 months in office. that's really the issue at hand. people are getting what they wanted. they are very disappointed. maria: yeah, i don't know what happens next time around, lee. do you think the candidate for 2024 are kamala harris or joe? >> i think the midterms will tell us a lot about what the path forward is and if the midterms or anything like that republicans will take it away and democrats will have to think about a strategy on what they mean moving forward that will appeal to the masses of the country. maria: congressman, final word from you as you are expecting a majority win in 2022? >> maria, we are and it's not going to be hopefully surprising. i think we take the
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majority back just because we represent sound policy. we represent reasonable ballast government and the democrats have done nothing of the sort and as we just pointed out during this entire administration and they have lied to the american people. afghanistan was a debacle, paying individuals $400,000 to come in illegally is one parody after another and i think we take the balance back. maria: and it's a lot of mistruths, i agree with that, a lot of lies. good to see you. thanks very much and merry christmas. >> merry christmas to you. maria: quick break and then amazon is cozying up to the communist party in beijing and we will tell you about the new information we have that the shopping giant worked with the propaganda arm of china. what you need to know, next.
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lauren, good morning. >> governor gavin newsom admits there's a crime crisis and a wave of smash and grab robberies and he's finally putting forth a plan to try to stop it. >> we are putting out over a quarter of million dollars in enforcement grabs, competitive enforcement graphs to help local law enforcement advancing the prosecution of a people that are involved in organized retail theft is. lauren: the majority of the money would go to law enforcement to place more officers in stores with the rest going to district attorneys to create a new organized special unit under the state state attorney general and it california national guard to combat illegal drug smuggling. $300 million in all, maria. popular real estate website redfin and realtor.com. are dropping crime data from their home listing. the companies had used the surveys that they feel could be racially biased and also said the data did not speak
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accurately to the questions buyers have when they inquire about neighborhood safety. redfin chief growth officers that people are interested in is safety and not crime. elon musk set to break another record, this time with the irs, the world's richest man tweeting he will pay over $11 billion in taxes this year, record payment to the international revenue service-- i'm sorry internal revenue service. saying after almost 50 million options and selling millions of shares to cover taxes to religion to those transactions after promising followers who would sell 10% of his tesla steak and he has been selling. tesla stock is 91605 in the premarket. to the nfl as a seven-time super bowl champion tom curry-- brady for the first time in 15 years through an interception and his tablet in the buccaneers nine-zero loss.
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green bay packers narrowly defeating baltimore ravens 31-302 clinch the nfc north and meanwhile dallas picking off division rival giants as the cowboys move one step closer to the nfc east crown. there was a very scary moment in denver as broncos quarterback carted off the field after taking a big hit to the head. he spent the night hospital. mangoes go on to win that game six-10. three games were postponed due to covid. browns and readers will face off today and tune in for washington versus the eagles and the seahawks against the rams tomorrow on the fox. there's the lineup. last week, maria, over 100 players tested positive for covid so now the league it says we will only test if you are vaccinated every week if you are showing symptoms. that's one way they are dealing with it. maria: a lot of that happening
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right now. lauren, what you said really struck me that the real estate website is removing crime. they are worried about state-- safety, not about crime. that makes no sense because obviously if there is crime, that will make you feel what less safe, so i'm not buying that. lauren: i hear you. they said instead of using hard data they used surveys in those surveys are what people think therefore they could have racial bias in them, but i hear what you are saying. pick another way to determine the crime in the area to figure out if people feel safe. maria: thanks. more us companies bending to china's communist party. amazon reportedly partnered with the chinese propaganda arm in 2018 to create a project called china books. the company offers to sell a portal on its us website to thousands of chinese books. some aiming to strengthen the ccp and on the china website amazon also turned off
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its customer reviews and ratings for a book written by chinese president xi jinping at their request of xi jinping. joining me now as ronald reagan institute director and former deputy assistant secretary of defense roger. great to see you. great to have you here. your thoughts on what amazon is doing here for the ccp and for that media propaganda that the chinese communist party uses? >> well, i see this report came from 2017, 2018 activities and it just reflects what the ccp does not only to companies in china, but us companies trying to operate in china and it's only gotten worse. this is what china looks like. it goes ahead and imposes the values of the ccp and makes it difficult for any business particularly us technology company to operate there and that's why you see us companies like linkedin get out of china.
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it's just gotten worse in the years since. maria: then there are those companies that don't want to leave because they don't wanted to give up the opportunity to sell to 1.4 billion people. what are your thoughts on these companies who do not say anything about the genocide, two administrations have told us this ccp committing genocide is in the xinjiang region. you are talking about companies looking beyond bad behavior of the ccp just to make money there >> it's a huge market, as you point out. when it comes to the genocide of the xinjiang province with the uighur population here we do the national defense survey showing the majority of americans not only wanted diplomatic boycott for the winter olympics in china, they want us companies also not to support the market during the winter olympics. americans increasingly
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want to demonstrate to the chinese communist party that they don't approve nor do they want their companies sponsoring chinese communist party activity. maria: especially since the ccp has been clear it wants to overtake the united states as the number one superpower and it china is now looking at the bagram airbase after the botched withdrawal from afghanistan and i spoke with president trump about that. watch this. do you think china will take over the bagram airbase? >> so, there were six i was going to bomb five and keep bagram, but the reason i was going to keep it was over afghanistan. it was because of china. it's one hour away from where they make their nuclear weapons. it has the largest runways, most powerful runways, heavy, very powerful thick, like in some cases 80 feet of concrete. no one ever heard of anything like that. we spent billions of dollars building it years ago, long before me, and it's right next
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to china. maria: roger, your reaction? >> president trump is right. bagram airbase is not only critical for us operations in afghanistan, important element which is counterterrorism dealing with al qaeda and their affiliates, but also as president trump pointed out the proximity to nuclear targets in china and of course afghanistan as well. that's a strategic airbase that we should never have given up nevermind our ability to take americans out of afghanistan i'm a witch by the way continues to be something the biden administration has to work on, not having bagram as a-- is a strategic loss to us national security. maria: how would you assess biden's policy on china? >> president biden on the whole's i said the right things vis-à-vis china, they our our pure adversary, calling china out in terms of its
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aggression in the south china sea, what it's done in hong kong, the question remains as whether or not the rhetoric will be backed up with some sort of military show of strength and support of key allies. the biggest news here is that the pentagon did a review of military presence, bases around the world and did not increase our presence in asia to counter chinese aggression. that was a missed opportunity. maria: yeah, the policy has not had much teeth, frankly. roger, great to get your thoughts on all of that. please come back soon. thank you and merry christmas. >> happy holidays. maria: coming up, the threat from the omicron variant and what you need to know is the number of cases are back on the rise. you are watching "mornings with maria" live on foxbusiness.
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it's our holiday savings event on the sleep number 360 smart bed. what if i sleep hot? ...or cold? no problem, the sleep number 360 smart bed is temperature balancing so you both sleep just right. and it senses your movements and automatically adjusts to keep you both effortlessly comfortable. so, you can really promise better sleep? yes! you'll know exactly how well you slept, night after night. we take care of the science. all you have to do is sleep. don't miss our weekend special. save 50% on the new sleep number 360 limited edition smart bed. plus, 0% interest for 48 months. ends monday. maria: welcome back. the number of covid cases are surging again with the us seeing almost 900,000 cases in just the last seven days. moderna announced this morning its booster shot does increase immunity against the omicron variant. the stock is up five and two thirds percent. joe biden is set to deliver a speech tomorrow on what the administration is saying will be new tools to
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take on this surge. joining me now is john hopkins school of public health professor, former world health organization member and fox news medical contributor doctor marty makary. great to see you and thank you for being here. assess what you see in terms of the number of cases on the rise in the front of the omicron variant. >> maria, we are tracking the wrong metric. we should track hospitalizations and if you look at what happened in south africa. there was an massive spark in omicron cases and the hospitalization was flat. our problem is not omicron, its delta and is localized to the 10 to 20 million american adults that have no immunity whatsoever, no natural or vaccinated immunity and a small fraction over 65 who are un- boosted, about half the seniors so conflating two entirely sets of problems and we cannot test our way out of the highly transmissible ubiquitous virus that represents other requisite to--
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respiratory pathogens. maria: what happens if you get the omicron variant? i mean, the story as i have heard is that it's just really mild flu symptoms. what is the threat of omicron from your standpoint? >> i call it omni cold because we now have laboratory data out of the university of hong kong that says it's not efficiently affecting the lung tissue. staying in the upper respiratory system and in the nose and that's why we don't hear with people with honor chronic cough or fever. those are symptoms specific to lower lung tissue infections, so we aren't seeing severe disease and i would say as long as you are symptomatic, avoid other people and be careful, but otherwise live your life as. maria: so, doc, what about taking some of those drugs that would address a cold or flu, i mean, we have talked about iver mac 10 and others are those
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still off-base or would that be beneficial? >> i'm glad you raised therapeutics because it's a topic that gets almost no discussion and i hope and pray the president tomorrow changes the conversation from the mask and vaccination plea, which we want people to do in certain settings, but we all need-- we don't need politicians urging vaccination anymore. that's not helping. we need to talk about therapeutics and natural immunity and with therapeutics the drugs you listed i believe in my opinion don't have any activity against the virus at least not conclusive and the evidence doesn't support it, but it can cut covid death to zero, the drug by pfizer. that is it works against all variance. the application is sitting on the fda's desk. it's unconscionable how human beings at the fda cannot authorize this drug as a thousand
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americans die a day and there's also a drug that's already out, it's generic and that with randomized controlled test cut it by 91% so we have great therapeutics we don't hear anything about and doctors don't even know about them sometimes. we need good leadership from medical officials. maria: that's a great idea. i can tell you for a fact i know someone who got the omicron and he took hydroxychloroquine and others and he felt better in two days. i'm not recommending anyone do that, but i know people who have done and they feel better, so i don't understand why we are not having this discussion about therapeutics. why are we just letting people get sick and die rather than just address it with the therapeutics right now? >> i had someone tell me they just got covid yesterday and i said, use hypertonic saline nasal rinse, almost anything to rinse her
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nasal cavities, vitamin d and others and it's basically it's almost impossible to die from covid with all these therapeutics in combination. maria: doctor macario. you are great. thanks for being here. merry christmas, sir. stay healthy. doctor marty makary. we will be right back. carl, say hi to nina, our schwab financial consultant. hm... i know how difficult these calls can be. not with schwab. nina made it easier to set up our financial plan. we can check in on it anytime. it changes when our goals change. planning can't be that easy. actually, it can be, carl. look forward to planning with schwab. schwab! ♪♪ . . .
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experience the power of sanctuary today, you have to deal atwith a lot of moving parts.t. you want everything to be on autopilot. and to be prepared if anything changes. with ibm, you can do both. your business can bring data together across your clouds, from suppliers to shippers, to the factory floor. so whatever comes your way, the wheels keep moving. seamlessly modernizing your operations, that's why so many businesses work with ibm. maria: what do you think the strategy is around the border? 2 million people apprehended this year, 600,000 others getting away. the amount of illicit narcotics
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coming in is incredible. fentanyl, we had 100,000 overdoses in the last year, largely due to fentanyl. >> hundreds of thousands of people are dying. you know, if this were a war and if we lost 2, 300,000 -- i think that's the real number with drugs and much of it is coming through the southern border, there's never been a war that anybody lost numbers like this. we're losing hundreds of thousands of people a year to drugs. we had it at a level that they hadn't seen in years because they couldn't get in. maria: that was a president trump over the weekend on sunday morning futures with he me. the border obviously a major crisis that this administration continues to ignore. kelly jane, you have talked about this before but it's unbelievable the to me that this administration just will not address what's taking place at our sour border. >> they don't want to admit
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there's a problem, maria and of course it's because they are the cause of the problem. on day one, joe biden put a moratorium on deportations. he made it clear that illegal immigrants were welcome. and this is the result. fentanyl, you know, china of course produces the materials needed to make it. that gets sent to latin america, l central a america, mexico and that's how it comes into this country and as you said 100,000 people died of overdoses, that's almost 30% higher than last year. maria: yeah. and the news this weekend was that governor abbott in texas is building his own wall, state money and on state property. kelly jane and lee carter, stay right there because the next hour of "mornings with maria" begins right now. ♪ maria: good monday morning, everybody, the kickoff to christmas week. i'm maria bartiromo.
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it is monday, december 20th. thanks for being with us. your top stories right now, 7:0. joe biden massive tax and spending plan now essentially dead after senator joe manchin tells fox news he's a no vote. the white house is attacking him for his resistance, despite hearing the same thing from manchin for the last five months, what's the surprise, because of the $5 trillion price tag and the impact on high inflation. the beijing olympic boycott, president trump telling me this weekend about what he would have done in the face of the upcoming games. >> would you have boycotted the 2022 china olympics? >> no, because i watched jimmy carter do it and it was terrible. it husbander the athletes -- hurts the athletes. i would like to see the united states go over which i think they will and win all the medals and do great. maria: more from my weekend interview with 45 coming up this morning. first, markets are under pressure, we've got a selloff
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underway this morning, starting the week. the dow industrials down 311, s&p 500 down 45 and nasdaq lower by almost 200, 186 lower on the nasdaq. oil prices are also sliding this morning, take a look. oil prices now back down to 68, 73 on crude. that is down 3% on the session. in stocks, all three major indices saw red last week. oil, home builders, retail stocks taking major hits on the week, the dow industrials were down 1 and two thirds percent, nays a dabbing down almost 3%, s&p 500 down almost 2% for the week last week. european markets are selling off, take a look. ft 100 down 71, that's 1%. the cac down 60 points, that's two thirds of a percent and the dax index down 245 points, that's one and-a-half percent. in asia overnight red across the board, all down. the major indices, better than 1%. japan was the worst performer, down better than 2%.
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"mornings with maria" is live right now. now some of the top stories that we're watching this morning. breaking news, the world economic forum will delay its annual meeting in davos, switzerland over the omicron outbreak, the forum was slated to begin next month. this is another impact of the omicron. das -- davos is rescheduled and delayed until the summertime, the same situation that happened in 2020. israel is announcing it will ban travel to the united states, canada and eight other countries over concerns of the spread of the omicron variant. all this as moderna this morning says its booster shot does increase immunity against the variant. the company adding it will continue working on an omicron specific booster but they do show good results in the trials for the current shot for omicron, up 5% on the stock as a result. the results show that three shots may be needed to
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neutralize the fast spreading new variant. pfizer said earlier this month that the third he dose of its vaccine restored protection to a level similar to the initial two dose regiment against the original virus. chinese tennis star peng shuai is denying she accused anybody of sexual assault. she says there was a misunderstanding in her statement. last month a post on her verified social media account accused the former vice premier of china of sexual abuse. the post then disappeared 20 minutes later and so did peng for two weeks, she was disappeared in china. the women's tennis association spoke out, saying that her safety is paramount, says that this new interview doesn't ease the wta's concerns. they say we remain steadfast in our call for a full, fair and transparent investigation without censorship into r her allegation of sexual assault. the association also announcing
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they are suspending all tournaments in china's over beijing's censorship of peng. texas breaking ground on the construction of a new wall, the state choosing to go it alone after the federal government canceled billions of dollars worth of border wall projects. construction is starting inly owes grand city -- rio grande city with a plan to build an 18-foot wall. time for the word on wall street, top investors watching your money. joining us now is portfolio manager joe ann feeney. bull tech capital markets chief strategist, katherine rooney vera and michael lee strategy founder, michael lee. great to see everybody. thank you for being here. katherine, with the selloff underway on the fears over omicron, oil prices are also down. we have cases surging in europe and the united states. investors are worried that this -- that we'll see new restrictions and that's going to hurt demand. let me just show you, katherine,
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what's going on in europe, for example, because you've got the netherlands among the first countries to pretty much almost shut down. they have shut down schools. they've shut down entertainment from today until january 14th. the netherlands, all nonessential stores, restaurants, cinemas closed. only two people can be outside together unless they live in the same address. your thoughts? >> this affects inflation and that's i think what the market is really scared about. so you have closures sporadic and perhaps localized but those sporadic and localized economic closures impact supply chain and the disruptions that have caused these bottlenecks in the system and that affects inflation. i think that's what the market is scared about because, maria, the fact is that if inflation gets worse, thank goodness the fed decided it's going to be an inflation targetter again and last week stated that inflation
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is not temporary, they were mistaken saying it's temporary and the fact is they need to hike rates sooner and perhaps more than the market originally thought. if we get economic closures, whether it's holland or california, new york is closing down again, london, china, even if it's not all simultaneous, the ripple effects on the supply chains he globally affect inflation which could precipitate the fed hiking faster, hiking stronger and the markets are also reacting negatively because we got the punch bowl pulls from the fiscal part of it because manchin decided that that additional multitrillion dollar package was perhaps irresponsible when in fact of course it was and we have fiscal deficits in double digits. i think in the end the market is correcting but i think it's healthy. i suspect the omicron variant will have an impact both on economic activity and inflation
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but at some point, maria, we have to pull the punch bowl and this is something that we have been talk about for some time, the risk of both inflation and the risk of monetary and fiscal stimuli overstaying its welcome. maria: so is this selloff then, do you think this is warranted given the worries that we're talking about regarding the potential for more caseses? >> he yes, more cases and perhaps economic deceleration with sticky high inflation and the repercussion being that the fed has to hike up rates. so this is something that the market is finally taking into consideration, that monetary and fiscal stimuli all are going to have to accommodate to a more realistic scenario. my concern, however, is that the fed decides, okay, because we have more cases, more slow shirks we're just going to keep -- closures, we're going to just keep the pedal to the metal. my biggest concern for inflation, we've been right on that and inflation is not just
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temporary in nature. we have labor wage price spiral inflation, we have demand pull inflation, we have fiscal stimuli so inflation is the biggest concern. stay long inflation sensitive and rate sensitive sectors, stay long goals, stay long tips. protect your portfolio. yes, keep a position in risk assets but please he defend and protect your portfolios. maria: mike, you're seeing opportunity. you say buy this dip, right? >> yeah, maria. as you can see, we're already kind of off the lowest of the lows here so as you look through to the data of this variant, south africa for example, at this point in the del the take e -- delta variant with similar number of case loads, still time of it making throughout the system, hospitalization is 95% less than it was with the last variant and this is the life cycle of viruses in that they become far more trans miss i'll,
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far -- transmissible, far less deadly. this is your opportunity to get involved. yes, there are definitely inflation concerns going forward we're an expanding economy,al, albeit at a slower rate than six or 12 months ago. the economy is still expanding. we had a recession in a bear market. we're in an expansionary period. we have earnings growth next year where estimates are too low. 4 and-a-half trillion dollars in money markets on the sideline, a trillion dollars of announced buybacks going forward and historically in rate rising cycles, stocks are up on average of about 8%. any time you hear about any sort of covid related selloff, i'd be a buyer. i have seen the wild card in this market is the fed. we'll see how that continues to play out but i'd be buying today and i probably will be for certain clients. maria: all right. good stuff. joe ann, you're looking to allocate capital into consumer and technology groups right now. tell us about those sectors and
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the names that you like and why. >> yeah, maria. good morning. i think people need to recognize that omicron is a bit of a wake-up call. but behind the inflation that everyone is concerned about is really strong consumer demand. and that's not vacuous. people are returning to work, having higher incomes. the strength of demand is likely to continue to carry forward the recovery even with a disruption from omicron and the data suggests it will be severe but fast. and so people shouldn't ignore the reopening plays that are still out there although there are certain riskier places to avoid, airline travel, business travel probably slower to come back than some were hoping but when you look at the opportunities in this market, the selloffs in pay pal, for example, online retail is going to continue to grow over time and so even though pay pal has taken a hit, it's a real opportunity. on the other side of things in industrials, a company like
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train, firms will have to invest in more advanced air handling and more efficient air handling system and they're in the middle of that. the consumer side, people are still buying houses, the millennials are coming back to the housing market and they'll need to furnish houses and kitchens and so williams-sonoma is a good opportunity. they're able to pass on cost increases in the prices. their margins were actually up the last time they reported and they're seeing really strong comps. finally, i would suggest even broader -- maria: the stock is up almost 3% right now. go ahead, joe ann. >> i was going to add one more. broadcom is broadly exposed to data centers and smartphones and we'll see consumers and firms continue those investments despite what's going on with omicron. i think everybody recognizers we're going to have to live with covid. in the u.s. we have a lot of people that are vaccinated, more people getting vaccinated recognizing the seriousness and long he evidence at this of the threat.
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we're unlikely to see shutdowns. across the pond and across the pacific we're likely to see some disruptions that will stretch out the period of time that this recovery is going to take. it is going to continue. and people need to recognize that for their long-term investments and that's really where investors need to stay focused. maria: so many great points. both of those stocks you mentioned are up almost 3% right now. great calls, joe ann, katherine and michael lee, always a pleasure. merry christmas, everybody. thanks so much for being here and we'll see you soon. joining the conversation all morning long this morning, kelly jane torrance and lee carter. we'll take a short break and come back to this fantastic panel when we come right back. you're watching "mornings with maria" live on fox business. stay with us. i could use some help showing the world how liberty mutual customizes their car insurance. ow! i'm ok! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ only in theaters december 17th. (vo) t-mobile for business helps small business owners
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maria: welcome back. we are watching the price of oil this morning, slide over the omicron fears. take a look. oil down at 68, 66, down 3%. i spoke with president trump about the strategic oil reserve and the rampant inflation.
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watch. >> they were going to make us nonenergy independent. we were energy independent first time in -- you know, they say 78 years but i think forever. we had so much energy. we didn't know what to do with it. gas prices were $1.87. and now they're going up to 7, 8, $9. you watch. maria: one month after he tapped the strategic petroleum reserve, gasoline prices are down 10-cents. you actually built up the reserve. >> for decades, our reserves -- and a these are strategic reserves. this is a big deal. this is meant for war. this isn't meant to get the prices down a little bit. this is meant for war. for decades we had -- we needed -- they weren't full and then they really hit an all-time low. we had almost nothing. and during the low prices for the oil -- and presidents didn't want to do it. nobody knows about it.
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nobody gets credit for it. it's a political thing. i said let's fill up the strategic reserves, we did 75 million barrels. maria: at low prices. >> at low prices. we bought it for a steal. nobody came to me and said what about it. i've been reading for years that our strategic reserves are almost t empty and at the low prices it's filled right to the brim and this guy comes along and he says oh, good, now it's filled up, we'll just do it in order to get prices down. which is just artificial and they can't do it that long because it's not going to last that long. we filled it up, 75 million barrels and an unbelievable hey low cost. you would be very proud of me. i never got credit but i never get credit for anything but you know what? the people know. maria: what about inflation? how are we going to get out of this. jay powell said he would raise interest rates three times in 2022. is that enough to head off
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inflation. everything is up in the double digits. >> are you ready, the biggest problem -- now it's snowbawling worse than -- snow balling worse than ever. you go to buy your husband a nice gift at tiffany. there's nothing left. so you give him a green box and say it's going to come four months from now. the truth is, nobody has ever seen this before. nobody's ever heard of this before. even during my four years it was not a problem we ever thought about because this is impossible. you take a look at what's happening to our country. things are happening that nobody could believe. but what you do about inflation is the biggest problem is the cost of energy. because, again, $1.87 a gallon when i was there for a car and now it could be 7, $8. it's going through the roof. it's $5, $6. i hear in parts of california it's $7. maria: wow. >> and it will be if it's not
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now, it will be because it's going up like a rocket ship. now, if you have a bakery, if you have anything, you have to heat it, you have to have the machinery work, it's all energy. you have to truck it. you have to fly it. the energy costs have gone up so high, it's staggering that everything else is affected. maria: what do you think the answer is? >> the first thing have you to do is produce energy and not rely on opec. these guys were calling russia last week to send us oil. they were calling opec all of the opec nations, we need help, we need oil. and then he dips into the strategic reserves that i built. they were empty. and i built and he's taken it, here we go again and that's always been a political football. other presidents have done that too. very few presidents have filled it but i filled it up. maria: and we'll be watching the decline in oil this morning to see if it is sustainable and moves lower from here.
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you'll hear more from my exclusive interview with president trump later this hour. but we'll take a break and then come back with florida attorney general ashley moody on the other side of this, stay with us. (vo) singing, or speaking. reason, or fun. daring, or thoughtful. sensitive, or strong. progress isn't either or progress is everything. growing up in a little red house, on the edge of a forest in norway, there were three things my family encouraged: kindness, honesty and hard work.
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maria: welcome back. california governor gavin newsom admitting there is a crime
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crisis, he's finally putting forth a plan to try to stop it. he's proposed spending more than $300 million over three years to help combat the smash and grab robberies hitting businesses across the state. under this proposal, local law enforcement will be placed in stores and a new organized theft unit would be launched in the state's attorney general's office. joining us now, florida attorney general, ashley moody. ag moody, great to see you. thanks very much for being here. looking at what's going on in california, first they wanted to defund the police and they talked all about reimagining the police. now they're being forced to re-fund the police. tell us what you're doing there in florida. >> well, they're being forced to re-fund the police, if that's actually where this money is going to go, because they have no choice. the numbers are starting to come out in these cities and areas where you have extremely radical leadership, both in a mayoral
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position or prosecutor position and it's really like rotting fruit. you can't tell right away as it's starting to rot from the inside but when you see it on the outside, when you start seeing murder rates skyrocket in la, over 50%, in chicago, over 50%, you have to start doing something about it. at least making a statement that you're going to step up and recognize there's a crisis. they really have no choice now. and the only way they're going to do this is if they get leaders and prosecutors that will start saying we'll support the police, that you get prosecutors that will actually prosecute the cases that police are bringing to them, and they'll cut out this nonsense of dumping the jails, even those that are going to be a harm to society. maria: well, it's so true. 12 cities have recorded records in terms of murders in the last year. it's just extraordinary, ag. and there was such a disingenuous quote from nancy
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pelosi last week, maybe you saw it, when she said she doesn't know where this lawlessness is coming from. meanwhile, the progressive left has been talking about reimagining a defunding the police for over a year now. >> it's dismantling of the criminal justice system from the inside out. you get radical liberal prosecutors elected. they get in, many of them used to have ties or were criminal defense attorneys and they start undermining the system. had they start dismissing cases. they stop taking and prosecuting successfully cases brought to them. they start letting people out on ridiculous bails, even those that are violent. in waukesha, there was a 90% increase in murder rates. it's astounding. maria: oh, my goodness. well, the rule of law -- >> in florida what we're doing -- maria: go ahead, tell us about florida. i know businesses are flocking to florida, some states like new
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york implementing aggressive vaccine mandates and your governor, florida governor ron de santis joined me yesterday on sunday morning futures to talk about this. here's what he said. i want to get your reaction. hold on. >> since covid, people know in florida their freedoms are respected, people can invest here and not have businesses shut down, people know they'll be able to get jobs here and not potentially be forced out based on man dates and so i think the fact that we've really stood for freedom in addition to having good tax and spend policies has really caused people to want to come work in florida and we -- we're producing more jobs per capita than other states. we have hundreds of thousands of job openings because the economy is performing well. .>> he nailed it. maria: tell us what you're doing, ag moody. >> well, governor de santis and i know that first and foremost government exists to protect the
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rights of folks and to protect their safety within our state and so we have always said, look, this is nonsense, not supporting law enforcement or cutting their funding. that's a dangerous step for successful prosperous state and so we have not only said businesses, if you're in areas where your leaders are not supporting the safety of your community, move here. our job growth rate is six times higher than the national average. we've said to law enforcement, if you're in an area where businesses fled because crime is going up and where your leadership doesn't ensure safety and prosecute violent criminals and those what that would damage your property, move here. come help us. so i just swore in a couple days ago 11 officers from new york who left because they want to be officers in the state of florida where they're respected and we give them permission to uphold the rule of law as they volunteer to do, as they signed
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up to do. so florida is unique. we will continue to stand beside our law enforcement officers and ensure that cases are prosecuted to protect floridians. maria: i'm so glad you mentioned that, ag moody. you're swearing in, you swore in the first class of police officers who made the move to florida. ron de santis broke the news on my show months ago that he was going to give a bonus to those who came and wanted to start aanew in florida. congratulations to you and the governor for your policy. great to see you this morning. merry christmas to you. >> thank you, good morning. maria: thank you for being here. >> merry christmas. maria: all right. great to see you, ashley moody in florida. coming up, joe manchin puts the kibosh on the democrats' run away spending but senate majority leader chuck schumer is still claiming that a new year will mean a new vote on build back better. congressman jeff van -- jeff van
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maria: welcome back. an about-face for wall street. many major firms telling employees to go back home and work from home. travelers meanwhile are not allowing the omicron variant to ruin their holiday plans. lauren simonetti with those details right now. >> in a way it seems like deja vu but in a way not so much because 6 and-a-half million people flew between thursday and saturday and in about an hour and-a-half we'll get the numbers from yesterday. that's more than 2 million each day that were screened by tsa and in some cases that was more than double the numbers from 2020. it shows that despite omicron, people are committed to normal life and seeing friends and family for the holiday. the numbers, however, are down slightly from 2019. and this, youtube and disney reaching a deal to restore disney owned channels to youtube tv the deal ended a brief blackout that began saturday after the previous deal
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expired. the standoff was over distribution fees and the terms of the new contract were not disclosed. youtube tv is also granting a $15 credit to affected subscribers for the inconvenience of the short blackout. peter parker shattering box office records over the weekend. >> peter, you're struggling and everything you want. >> no way home raking if in an estimated $253 million in ticket sales. not only is it the highest film debut of the year, it's the third best opening of all time behind avengers end game and avengers infinity war. man inthat, with -- imagine that, with omicron setting records at the box office. and tiger woods is back in his signature sunday red, less than a year after a car crash left his future in golf uncertain.
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woods teamed up with his 12-year-old son charlie to set a record with 11 consecutive birdies during the final round. it's tiger's first competitive golf outing since the crash in february. he finished in second place behind john daly and his son. it's so good to see him. charlie is so cute and good. maria: thank you. the big news of the morning, senator joe manchin officially putting the kibosh on build back better after democrats tried to win his support for months but for months he's been saying the same thing and he said it officially, he's a no, on sunday. watch. >> so when you have these things coming at you the way they are right now, i've always said this, brett. if i can't go home and explain it to the people of west virginia, i can't vote for it and i cannot vote to continue with this piece of legislation. i just can't. i've tried everything humanly possible. i can't get there. >> you're done, this is a no.
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>> this is a no. on this legislation. maria: the senator's opposition, a huge blow to president biden's agenda. the white house is not happy. if in a statement yesterday, white house press secretary jen psaki said if manchin's comments indicated an end to negotiations then they represent a reversal of his position and breach of comments to the president and senator's colleagues in the house and a senate. he's been saying this for five months of. this morning, senate majority leader chuck schumer is undeterred. he says the democrats will continue to push it through in early next year and he wants to have a vote on this package. joining me right now is new jersey congressman jeff van drew, he's a member of homeland security and transportation and infrastructure committees. it's a pleasure to see you. thank you for being here. what do you make of the white
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house is surprised, jen psaki seemed shocked that joe manchin said he's a no vote. >> there seems to be no real connect between reality and what jen psaki says at these briefings. i don't know what she is talking about. i mean, in all fairness to joe manchin, he has been as clear as day about how he has been struggling with this bill as many folks are because it's terrible public policy, because it's going to create inflation. not create inflation, really make the inflation much more severe. because it's going to increase costs. because it is going to force people actually to pay for abortions, regardless of how you feel about right to life or right to choose, americans generally do not feel they should pay for somebody else's abortion. energy costs are going to go up because of this. we're going to hire over 80,000irs agents at over $80 billion to go into your bank
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accounts because of this. it's the list that goes on and on. we're going to have am a necessity for undocument -- amnesty for undocumented. we're going to give the undocumented money and we don't know what else. i'll tell you a funny story. there's something in there for 2 and-a-half billion dollars called tree equity. tree equity. and so i've been asking some democrats what the heck is that? what is tree equity? do we all have the same size trees or same color trees or same number of trees? i'm being a little silly but it really is in there. the point is, it's bad public policy. that's why manchin is struggling with it so much. he should be. it was an immediate no for most of us. i didn't have to think twice about voting no on this bill and thank god it has finally just said no. i think it will get harder, not easier. i think it's going to get harder to do another bill or push this bill through next year because it's getting closer to the election. maria: well, i think you make
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some really good points and as far as the tree comment, look, that's the issue. we don't know what's in this. we know $555 billion was earmarked for the climate and green economy. but there's all of this spending that is obviously going to stoke further inflation. let me get your thoughts about the salt, though. mostly the democrats from new york, new jersey, california, you agreed because they were going to get the salt deduction moved up. now that's not happening. what do you feel about that coming from new jersey? >> here's one of the deals with legislation in my opinion, at least my standard. i'm not going to vote for a bad piece of legislation because it has one item squeezed in so that the leadership of the majority can force you to vote for something that isn't good for america. that's not the way to go and
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that's not the way to do legislation. we want to do salt, let's do a separate piece of legislation or have it in a piece of legislation that makes sense and by the way, i can relate. i can relate that we should do something with salt with some of these states. not over $80 million -- i mean, the cost that they have in there for the salt and the fact that it was -- that literally people's cap would be so much higher than anything we ever saw, 80 some thousand dollars. if you're paying 80 some thousand dollars in real estate taxes, that's a whole other issue. we're talking about people that are paying 10, 15, $20,000, maybe the cap is a little bit too low but they went to the opposite extreme and we're literally funding now, you know, we're actually helping and funding people who are mega millionaires and billionaires with their property taxes because they have such huge and beautiful homes. that's wrong. that's something we shouldn't be
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doing. maria: that's a great point, congressman. it's a great point. because they say a they're only going to raise taxes for the millionaires and billionaires. meanwhile, they're giving millionaires and billionaires a tax break with that salt deduction. i'm glad you mentioned the bank surveillance. thats was one of the most egregious things from this bill as well. here's what axios is saying this morning. manchin's surprise body blow to president biden's build back better set off knew speculation that he would leave the democrat party next year, become an independent or republican. that's what you did because you were sickened by some of these policies on the left. what do you think? woman chin make -- would manchin make such a move? >> i've certainly encouraged him and done anything i could. if he wants a congressman who has b done it and survived and very, very, very happy that i did it, i'm more than willing to do anything to help him along because i think that he would
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belong in many ways and we are the big tent, the republican party. we are inclusive and many of his values i believe are republican values. so i would love to see it. whether he'll do it or not is a different story. maria: were you just endorsed by president trump over the weekend? >> i was. and that was a wonderful event. is was at mar-a-lago. he hosted a fundraiser for me. we had a great group of people from new jersey and new york and some other areas and people from all over and he gave -- he gave me his unequivocal total and complete endorsement. i am so grateful. i have a friendship with donald trump. it's more than just a political issue or political thing. you know, i did go through quite a bit when i changed and i have to tell you, president trump was there every step of the way. he worked with me. i worked with had him. i believe in him. not only has he endorsed me and
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i know it's premature, just so everybody knows, i have officially and i think i'm the first person as a congressman, i endorse him for the president sy of the united states if he wants it. he deserves it. he can bring us back. he's tough enough to do it. maria: we've got some -- i must have just missed you. i went to mar-a-lago as well this weekend. i interviewed president trump and i think he gave it away, his plans for 2024. we're going to run that clip coming up when we talk about hillary clinton. congressman, it's always a pleasure to see you. have a merry christmas if i don't see you first and i'll see you again next year. >> you will. merry christmas, maria. maria: thank you, congressman. jeff van drew. we'll be right back. at vanguard, you're more than just an investor, you're an owner with access to financial advice, tools and a personalized plan that helps you build a future for those you love. vanguard. become an owner.
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maria: welcome back. president trump joining me in an a exclusive interview, we traveled to mar-a-lago in palm beach the to discuss the midterm elections, now 11 months away. he began answering that question, zeroing in on senate gop leadership. watch this. >> look, mitch mcconnell's a disaster. the republicans have to get a new leader. mitch mcconnell allowed this to happen. the infrastructure bill, i call it unfrastructure.
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it's 9% infrastructure. you take 90% of the money we're raising will be thrown out the window, in order to get 9% infrastructure. there was no way that that should have been passed. should have been 100% for infrastructure. so what's happening is we had a thing called the debt ceiling and he could have used that to win everything and he chose not to. and we have a bigger problem because they have a so-called voting rights bill which is a voting rights for democrats because republicans will never be elected again if that passes. maria: let me ask you about the people you've been supporting recently, we're entering the election year, the primaries in march. you've already endorsed several candidates for re-election. what are you looking for? let's go through some of the contests that are toss-ups, senator mark kelly in arizona, senator warnock, maggie hassan, new hampshire. what are your thoughts. >> they're a disaster. they're for open borders, for
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defunding the police, they're for crime. they're for taking away your second amendment. they want to take away your police and take away your right to protect yourself. when you think of it, right? these people are a disaster and they should all lose. and we have some great candidates and sometimes i'm going a little outside of the box with some because we have candidates that are not strong. they're rhinos. and they're not strong. they're mitch mcconnell type guys and he's a disaster so we need tougher people. we need people that are going to be able to win for our country. not win for me, by the way, win for our country and we have some great candidates. maria: the other day hillary clinton said if you win again it is the end of democracy. will this be a rematch? >> i have no idea. i hope so. i'd like that. but, look, the woman's crooked as can be. she cheated in the election. they spied on my campaign. they put out a statement, they're spying on my campaign and all hell broke out.
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you know why it broke out? because they knew i was right. they knew i was right and all of the things had that happened and we caught them, let's see what happens now. let's see what happens to hunter. let's see what happened to all of it. maria: today he called kamala harris president again. do you think someone else is directing him? >> well, i never called mike pence president. i'll tell you, i can't imagine what's going on. it's hard to believe. maria: who is running the country? >> think of it. it was so obvious in this case because 450,000 -- he was very upset by that question, asked by a very good reporter, actually, but he was very angry at that question, like how dare you. what a stupid question, of course. the next morning he was saying how, yeah, this is something that that we think is excellent. that really means in the truest sense that he is not running the country because there's no way you go from indig nation to oh, that's wonderful. and i hope you had a good
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interview. maria: what do you think the strategy is around the border, 2 million people apprehended this year, 600,000 others getting away, the amount of illicit narcotics coming in is incredible. fentanyl, we had 100,000 overdoses in the last year, largely due to fentanyl. >> hundreds of thousands of people are dying. you know, if this were a war, and if we lost 2, 300,000 -- i think that's the real number with drugs and much of it is coming through the southern border. there's never been a war that anybody lost numbers like this. we're losing hundreds of thousands of people a year to drugs. we had it at a level that they haven't seen in years because they couldn't get in. and when we have an open border, we're not just talking about the people as we said. we're talking about the drugs that are coming in, the human trafficking, mostly in women. they traffic in women. children to a much lesser extent. but they traffic in women. and what they do, they'll put six women in the trunk of a car.
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what they do, these are animals. and we had a really largely -- it would have been just about stopped and then these people got into office and they've destroyed it. they're he destroying our country. maria: in the next hour, we've got new comments from president trump on cryptocurrency and his truth social, social media company. but lee car techs want to get your -- carter, want to get your thoughts on what you heard president trump say about hillary clinton. i think he gave it away that he's running in 2024. lee: it does seem that way. i mean, it does seem that at least he wants to run. he seems like he's hungry for it and he's ready for a fight and when you look at polling right now if you look at -- there's been recent polling that suggests if there was a rematch today, between joe biden and president trump, that trump would win 48 to 45 with 8% still unsure. and so when i think about the
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president should do, president trump should do if he were to run again, he should run like he did in 2016, which is running for making america great again with signature policies. in 2020 he ran very much against what he called the socialist left or the extreme left. his blueprint for success is very much on his policies, what he is running for, that's what the american people are hungry for. they're tired of the bickering and i think he could have a good path forward. maria: it's a good point. kelly jane, that's what i asked the president if he were to run and win is it going to have a different approach. what did he learn from the first time around. and how would he bring america together. kelly jane, your reaction? kelly: yeah, you know, i disagree with leah little bit there. i think the fact that donald trump did so well with hispanic voters and incrossed shares -- increased shares of their votes for republicans, i think the socialism line did had help in some ways, again he focusing on economics was a wise thing and we certainly saw that biden has
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completely failed the country on that. maria: yeah. and we see it from the fox business polls, most people are disappointed. we'll be right back. stay with us. we've been waiting all year to come together. it worked! happy holidays from lexus. get 1.9% apr financing on the 2022 es 350. ♪♪
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week senator joe manchin says no putting kibosh on biden's "build back better" spending plan white house, even though warning this would happen the last five months saying same thing president trump telling me the administration run away spending policy against oil, has sent energy food items soaring. >> nobody has ever seen this before, nobody has ever heard of this before, even during my four years, it was not a problem we ever thought about because this is impossible if you have a bakery if you have anything, you have to heat it you have to have machinery all emergency you have to truck it you have to fly it. the energy costs have gone up so high staggering everything else is affected. maria: oil prices this morning pulling back, we will show you more of that interview and the price of oil, coming up, take a look at stocks, we are off worst well back at worst levels of the
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morning right now omicron faerz across markets dow industrials down 401 points s&p 500 down 55 nasdaq lower by 220. there are new lockdowns to report in europe, in the netherlands nonessential stores restaurants sinemas schools closed events banned christmas markets watching oil pulling back take a look, the price of oil, plummeting with expectation that demand with lockdowns, crude oil down almost 5%, at 6745 european markets in red i mentioned the netherlands we are waiting for more information, on potential lockdowns across europe, we know the world economic forum is delaying rescheduling annual meeting th in davos switzerland in night of outbreak world friek forum says davos meeting will happen in summertime in netherlands a
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strike lockdown for several weeks uk is not ruling out new restrictions as well, european markets are reacting to that ft 100 down 83, cac quarante down 780, dax index down 259 in asia overnight red across the board down 1% japan worst down better than 2%, "mornings with maria" is live right now. . . >> morning movers let's take a look at moderna bucking -- otherwise we can trend this morning moderna shares up almost 8%, following new data this morning, breaking news, biotech compensate critical trials shows its booster shot increases antibodies increases immunity will dwell omicron specific variant moderna shares up better than 8% cruise line stocks down, royal
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caribbean carnival norwegian cruise lines implementing being mask mandates, passengers tested positive when they returned o to miami over weekend you can do better than 3% norwegian down almost 4% kicking off a -- shortened week market closed friday kicking things off on this worry over omicron transmission number cases rising, this is reigniteing fears over strong growth inflationary situation dow down 418 s&p down 57 nasdaq down 224 take a look at treasury yields, off the lows, but still you are talking about the 10-year now, the -- below 1.4%, last week talking about it being below 1.5% 10-year down 2 and a third basis points 1.38 % even as
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federalh federal reserve indicating raising rates treasury yields with capital advisory president chief investment officer kelly, lee carter, thanks for joining the conversation we so appreciate your time, what do you make of the move in in yields right now where you've got 10-year below 1.4%. >> well, i mean you got global macro players, i know trade bonds versus covid headlines o my gosh shutting down by treasury the reality is taper is enormous, u.s. federal reserve has bought something like two-thirds of all treasury last couple years, and if you think about the fact they are going to stop buying slowdown buying we've a lot of supply, that is going to be on market folks want to keep buying bonds i think not going to work out too well,i do expect it to continue, i expect treasury rates higher
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eventually a lot of people caught flat-footed on this. >> what do you make of what is going on with omicron hysteria at this point you've got closures lockdowns in europe. but even when you look in u.s. the major banks, jpmorgan, citi jeffries all told employees to get out of the office, get off the trading desk work remote from home again, what are your thoughts. >> a couple points there, i mean first of all, banks record profits, people like to be back that is request you have -- the second point is if you follow south africa zimbabwe, they you know omicron, spiked, so increases very, very quickly, and i expect to peak sometime after holidays, you know the reality is that if you have been vaccinated, you know you get it, it doesn't do a ton of
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damage you are not seeing he go spike in hospitalizations, not seeing spike in deaths at the end of the day, this will be, something you have to live with endemic we have to keep dealing with it we sold soldiered on quite well learn states have not closed same number infections florida has done very, very well throughout all of this economically,. >> let me turn you were to bank mergers you are a longtime bank investor we know this morning the bemo financial group acquiring bank of the west from the paribas, 16 billion dollars follows svbiden financialup group grigg media telecom equity financial firm your chots what is happening in terms of bank
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first of all a trend of foreign banks i don't know if telling us something but appears a very -- trend, subsidiary -- mitsubishi announced sale of deal to u.s. bancorp pnc, u.s. bank logical buyers bank of monitor retail very aggressive expanding in u.s. growth certainly very enticing, in those markets, and, you know i think there is -- he absence of u.s. players but details of this size coming under more scrutiny we've seen details result00 billion approved three announced at once approved i think an important trend if you are over a hundred billion dollars in seats regulates have eyes on you, you can
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don't cut comforts banks have to consolidate to be able to compete with fintechs largely unregulated at this point need to invest in technology to improve their interaction with customers, business and individuals a lot of mergers going to improve technology great new technology on the horizon. >> what would with you recommend in terms of new money to work in banking sector? >> sure, i recommend like the spread based, regional banks una hundred billion dollars in size loan growth coming back nicely second of all interest rates are going to be quite a bit higher, i think number of fed hikes fed told us three i think we may have more than three, nobody has those moves in earnings estimates, going higher a few people increased estimates last week much more to come stocks are very cheap
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relative to expectations. >> thanks for a great year merry christmas happy holidays right back at you, russia sending more troops to ukraine border after president biden's warning o former connecticut senator joe lieberman will weigh in "wall street journal" columnist bill is here, senator joe manchin putting kibosh for this year i will speak with president donald trump i spoke being with him over the weekend we talked crypto his social media platform we will run that when we come back more "mornings with maria" is live on fox business. . .
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maria: welcome back. take a look at cryptocurrency this morning, as stocks sell off you've got a mixed story, bitcoin is down, as is
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ethereum litecoin you can see up i spoke with president donald trump over the weekend, here is what he had to say on crypto and new social media platform, truth social. >> you saw medical yannia has nft. >> she does really a great imagination people love our former first lady i can tell you that they really do love her enjoy to rallies we had massive rally in alabama, so many we love our first lady. >> what do you think about crypto new york miami, getting cryptocurrency into their financial system. >> i never loved it because i like to have the dollar, i think the currency should be $so i was never a good fan but spilling up bigger and bigger nobody doing anything about it, it is -- [laughter] -- look. i want a currency called the dollar. i don't want all these others that could be an explosion some day likes of which we've
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never seen big tech explosion look like baby stuff, i think a very dangerous thing. maria: let me ask you about truth social yesterday there was a story mayorkas told bloomberg big tech, committed to sensor speech under umbrella misinformation, you are coming out with truth social. >> going to be so good. >> you are go devin nunes in ceo i think terrific how do you compete with google twitter. >> we have no choice i think going to be very big, you know i only -- had hundreds millions between facebook zuckerberg in one night, he said congratulations, your number one on facebook in front door of my wife and his wife we had dinner can you believe this two years later
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canceled us congratulations you know what impact was on twitter, and -- for all, hundreds of millions of people, and one day you have nothing now i send out, you know save america, and we get word out very important. >> they have expectations of reaching 81 million users, your thoughts? >> well i think, that interesting thing about this moment, right is that there is completely mistrust of social media, and media in general right now so there is an open opportunity to -- for the president to have his voice a lot of people mistrusting on social media giving, this some perceive more -- run social media he has a big opportunity i think a lot of people emhave talked about, how the president probably would start a media empire should he not get reelected or even if he
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did get reflected afterwards makes sense for him a master of media i think going to be interesting to watch. >> kelly? >> well, as you know, maria the "new york post" is aware of facebook's other social media companies censorship we had one of the first article i think was first article suggesting perhaps covid came from lab leak in wuhan member made it impossible to share that story calling it miss information now that evidence is in have left-wing media final reporting on it idea social media are deciding what information what is misinformation, simply ridiculous i welcome another platform twitter facebook
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attacked people on right sensesoring ideas. maria: senator tom cotton told is the march 2020 circumstantial evidence leads to that social media continues to censor extraordinarily even that after 800,000 americans died the origins of covid not front and center on social media quite extraordinary rising russia threat president putin in russia not backing down to president biden more military troops are sent to ukraine border, chinese ten peng shuai, making a reversal did this on chinese propaganda tv talking about the china threat, when we come back. .
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budweiser maria: welcome back russia adding more troops to the yooik border despite president biden's plea to say dehe isilate tension u.s. intel says vladimir putin has not decided whether or not to invade ukraine galling for guarantees ukraine will not join nato -- spoke with former
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president trump about it asked about the national security threats over the weekend. >> -- what happened with me you do not have bombers flying over taiwan, you didn't have any threat of any meaning you know meaningfulness, in the ukraine. now before that, they took over a big section of ukraine, under obama's administration they took over a very big part of ukraine. , as you know, where that submarines russians now have submarines hard to believe actually. maria: are joining me right now former senator joe lieberman the chairman of united against nuclear iraround a former democrat vice presidential nominee thanks very much for joining us senator. >> thanks, maria you, too, good to see you. >> a so, i guess the question that i had asked president trump why now? why is putin more aggressive now why is xi jinping getting in other aggressive now?
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the iranians seem wanting united states to beg for a deal, your thoughts. >> yeah. this is -- really a time of testing for biden administration for western alliance really determined i think not just how secure to world is in the next year, but for the next period of history. the reality is that our antagonists o those don't wish us well china, russia iran, see the united states and world struggling with covid, the u.s. divided politically, are and uncertainty about american leadership in the world particularly after chaotic retreat from afghanistan. so i think the way president
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biden and nato responded to who -- the challenge to ukraine iranian extremism, challenge to the world particularly now in negotiations at vienna about nuclear weapons will really determine the security of the world for not just 2022 but for years to come. . >> so what is the biden administration need to do to show strength? >> the right. so, putin is smart. and -- part of why he is dangerous when he sees an opportunity he takes it, and he sees an opportunity now in uncertainty of the ref of the world about american and nato intentions. so i think the u.s. the biden administration, nato, in the particular case of russia and
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ukraine have to make unalterably clear not just in this words but actions that we are not going to let putin roll back our victory in cold war by denying, the people of the ukraine, what we fought for during cold war which was the right to determine their own future and ukrainians clearly want to be part of the west and ally, what does that mean we've got to send weapons to defend themselves make it very clear the administration and nato will begin to do that russians will suffer major economic sanctions, if they act against ukraine. putin could be bluffing trying to bully us us into making promises that we should not make, by letting him to what he wants to do with ukraine or he may be setting sect for
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another invasion of ukraine we have to be tough or pay for it monthsard years ahead. maria: then iran the same team in biden administration that was in obama administration did iran nuclear detail. they want back in the top polyp matt. a yemen, part of agreement, causing between houthis and iran to receive urger urgent care thoughts on that why biden administration seems unwilling, to leave the iran deal the way that it was which is the united states, is no longer part of it. >> as you -- maria i don't i don't know how we can look at
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iran, this extreme anti-american regime that raisi in there now think we can make a good agreement with them on nuclear weapons, in -- in vienna. it is -- it is self deception the very terms that iran set for these negotiations were that they would not sit at same table with united states of america. they -- we are greatest power in the world great democracy they are totalitarian ocracy if i can put it that way keep us out of the room. so no good coming out of negotiations. frankly i think we would we better u.s. if we walked away from table in vienna on nuclear negotiations because iranians need an agreement much more than we do they don't think that right now.
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so their iran, with russia and with china, it this is a moment for the u.s. to show our strength. we've got it. and it is time for everybody in the world our friends and our enemies, to know that we will use it when our security and our values are challenged. . maria: yep senator good to see you this morning, have a happy holiday, thank you so much for being with us. and best with you see you soon. >> thank you so much. sir, take good care brake senator joe manchin puts kibosh on "build back better" plan senator chuck schumer pushing it wants a vote early next we are we will have all you need to know when we come back. president trump sounds off on what he sees as america's biggest national security threat. stay with us. . ent objectives, risks, charges and expenses.
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♪♪ care. it has the power to change the way we see things. ♪♪ it inspires us to go further. ♪♪ it has our back. and goes out of its way to help. ♪♪ when you start with care, you get a different kind of bank. truist. born to care. maria: welcome back. senator joe manchin putting final nail in coffin for
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president biden's massive tax and spending plan. >> when you have these things coming as you the way they are right now i have always said this but -- if i captain go home and explain it, to the people west virginia i can't vote for it i cannot vote to continue with this piece of legislation, i just can't. ive tried everything humanly possible i can't get there. >> you are done? this is a no. >> this is a no. on this legislation. . >> with that, the white house attacked the senator senate majority leader chuck schumer vowing a vote will take place regardless going to bring it to the floor he claims next year joining me right now "the wall street journal" columnist fox news contributor bill mcgurn, merry christmas to you thanks for being here. merry christmas to you. yeah. this is. maria: what do you make pushing this through go ahead.
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>> i was going to tell you look joe manchin delivered from us this ugly lump of coal in christmas stockings i that i real hero consistent from can when he first put down objections in january he mentioned he can't explain it to the people in west virginia, i am not sure the final text is written it will seems higher dollar amount we tax or spend fewer questions are asked, you know he being -- read too as turn coast in democratic voter joe biden came in promising healing working with the other side. how come it is never working with the other side when a democrat works with republicans? it is amazing to me. maria: it really is, and then the whole idea of these gimmicks, i mean joe manchin called out from get-go you've written about we talked about we know this is all gimmicks to child care tax credit goes
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away in a year other things go away two years gets you the cost when you look at 10 years the fact not sunsetting at all it is actually five trillion dollars the cost of this plan, that is is what cbo told us committee for responsible budget told us they are are shocked -- is upset about gimmicks. >> right the purpose was to never mention them right just put them there we are supposed to take them as gospel, look it is a joke also, with all the spending, the other concerns senator had was inflation i think is a very real concern. the same people that told us inflation wasn't a problem a few months ago or that it would be transitory then start telling us "build back better" is secure for inflation this way selling "build back better" sounded likeable one of the late night commercials
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that slices dices crazy i think joe manchin returned common sense to it. >> absolutely right there is money for amnesty illegals, irs could surveil bank account extraordinary. do you think dead or will chuck schumer get his way? if manchin is a no it is a no right is he is it i will going to bring it to the floor for a vote. yeah, you know, i don't understand, senator schumer promising that i think another gift to republicans, all the democrats then would be on record voting for this thing, that is not going to go through you are playing campaign ads for republican party i don't know why they want to do that i know bernie sanders wants that, but look, the problem was joe biden came to office, imagining himself fdr going to be transformational going to do
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all this, he do not have those kind of margins in congress to do it, now he looks more and more like jimmy carter like the job too bike for him that he is inept some is not just "build back better," but disaster in afghanistan, he just is persuading a lot of people, that the job is way too big for him. maria: you are so spot-on i am so good you americansed margins there is no mandate this country has given this administration to completely change the economy, and change america, there is absolutely no mandate they've got three -- three more seats in the house, it is incredible, and they've got 50-50 in the senate so there is no, no mandate here i don't know why they believe there is, look, before you go i got to ask you about china now we with hear from peng shuai chinese tennis star she is speaking with chinese propaganda, they call
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themselves media gobble times we know there is not -- it is a mouthpiece for ccp in that interview she denied she ever accused anybody of sexual assault in interview she gave to chinese state propaganda says there was misunderstanding the woman's tennis association, is still pushing back saying she is still in danger, bill your thoughts? >> yeah, i am with the woman's tennisis association a principal stand one player made serious allegation of sexual assault against former high ranking communist party leader in china what did they do behaved out of the central skasting woman disappeared social media scrubbed side never mind i do not mean it i do not say it wta wants a real investigation wants to be sure you know when a conversation that she is speaking freely i would like to know.
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in from state security apparatus we don't know this is typically chinese hand thing party attacked they close right i think they know people are not buying what they are selling now, because they have to to keep putting her out, originally state immediate you singapore they know people are not buying the answer. >> i am glad you mentioned secret police in china exactly what happened a few weeks ago, when he with perdue university had positive responded to use that a student was harassed threatened, and then their family was visited by secret police in china. perdue university what a complete shame and disgrace good to see you have a merry christmas thank you so much for your work, and your
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participation in this program, in this year. >> thanks, maria you, too, very merry christmas to you and yours. >> thank you so much bill mcgurn i also spoke with president biden with u.s. standing in world the threat of china. watch. >> our country has never been is to low. our country has never been so disrespected, as it is right now by china, russia, north korea, everybody else iran. there has never been a time like this the afghan, withdrawal of, i want to withdraw more than anybody doing it beautifully with power and strength this way -- surreprendeded when china, russia people looking at what happened and that i think lowest point i think the most embarrassing thing that ever happened to our country. >> the chinese communist party, were using fake military -- united states
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military jets for target practice usually national security issues are huge you new china was a real threat i know that you hosted xi jinping here, at mar-a-lago a few months into your presidency you served himme dessert chocolate cake said best chocolate cake he had during that dessert you dropped the news, the u.s. had launched 50 strikes against syria how did you know china was the threat really, important threat to focus on. >> not only china, but china from economic standpoint is massive. russia is not massive from that standpoint but there are military power, and china is a great military power but china economically has been ring us o off many years i have been talking about it a long time, 500 billion dollars a year. and i am first one, billions tens, hundreds of billions of dollars of money from china, giving a lot to farmers manufacturers farmers are rich
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now because of detail i made with china but once covid came along with china viruses as i call it a much more accurate term. once that came along i had a great relationship with president xi i really believe he liked me and i liked him i had a great -- he is a killer but i had a great relationship with him once covid came it was a different story. because there really not only this country, they destroyed the world the whole world if you look what is going on, and biden said i will solve it. he couldn't solve h1n1 minor by comparison that was a disaster, everybody knew that, but he said he is going to solve it, as you know, everybody reports even the fake news sometimes but there are more deaths this year, than there are, and -- and we have more with vaccines all these incredible therapeutics not doing the thop don't know
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what have hell we are doing mandates killing the economy. >> joe bidens has not brought up the element of covid -- why do you think that is. >> he is afraid of him i think afraid of the fact that they gave billions of dollars to his son, and. maria: they have something on him. >> of course, they do i asked friends of yours biggest people there are in terms of wall street, can you you do go into china and walk way with a billion and a half dollars people that you interview once a month, okay in the real the real people on wall street the smartest guys the guys with big companies, run big companies wall street players he said nobody does that nobody, most sophisticated guy on wall street -- 10 minutes -- one and a half billion dollars, he gets fees on all that money tens of millions of dollars, why do you think our adversaries are doing all this
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now? you've got a buildup of troops at ukraine border. >> none of this happened with me. you didn't have bombers flying over taiwan,. maria: why would they do it now. you -- >> you didn't have threat of meaningfulness in ukraine. now before that, they took over big section of ukraine you understand that under the biden administration, are they took over, over at the obama administration and essentially a the two of them approved it biden was in charge. and under obama's administration, they took over a very big part of ukraine as you know where they had submarines russians how have their submarines. hard to believe actually, you know. maria: weakness -- >> the other countries? >> they -- >> our adversaries. >> even ones that are our friends the tan advantage of us on trade european union almost as bad on trade as
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chinese everybody says european union so nice, they rip us off like, you know,, few others, we lost 187 billion when i was coming into office with the european union. now china told -- 507 billion dollars, this is -- it is not sustainable. and what i did with taxes, the tariffs on china taking in hundreds of billions of dollars we never took in 10 cents, the fun thing biden you saw hasn't taken tariffs off you know why? it is so much money companies were moving back into united states now they stopped because they think he is going to take tariffs off that is a shame. maria: my thanks to president trump we slip in a short break and we've got more right after this, stay with us. . more inclusive world for the millions of people on the autism spectrum. go to autismspeaks.org.
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. maria: welcome back. we are bring breaking news oral acquiring cerner more than 30 billion dollars we brought the story last week "the wall street journal" reporting companies were in talks a 95 dollars a share, for cerner oracle krrner expected actively trade this morning fractional moves in the stock up almost 1% oracle sharing down a fraction,
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charity auctions headed to the digital world new auction kicks off today over 50 nonfungible token projects artists joining me to talk about the right click, the cofounder, and blockchain attorney philip, thanks very much for being here mike you and brother started with idea tell me about the auction and charity thank you so much a pleasure to be on the show. me and my brother have been collectors since june, and there is one thing we noticed about the community is that they all believe in kindnesss so the way a we came up with this idea, is charity auction, is we said all right, if all people making a ton of money on nfts missing a tangible wave figured get world top projects artists to do something about it donating,
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one big auction for the hollywood season that is going to culminate christmas eve. >> the "wall street journal", philip is breaking down hidden costs of cryptocurrency the he will me what people need to know in terms of fees what kind of fees, you are looking athif you are contributing to charity so that maria thanks for having me on this -- the -- if you make a contribution of crypto to this charity you are not going to be paying a fee other than the gas fee that is required in order to complete transaction the blockchain, no central bank no central organization so, you add small fee that gets paid out to the members of committee he that secured blockchain the advantage of crypto today in this auction
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you get a tax deduction forful value of crypto today no matter what you paid for it. originally charity keeps that 501 c not subject to capital gains taxes as we are. maria: very important point mike explain what nft, trading up 700%. >> yeah, so, what is nft is loadeded question in our case i am keeping it supersimply easiest way to describe it digital collectible like you buy originally picasso, this is a way to solidify the original piece art world to digital world investor
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ownership a play on joke why 100,000 dollars for jpeg when i can right click save it own it nft a smart contract on blockchain allows to investor your ownership. >> perfect explanation nice going we eshproo it congrats, thank you so much for introducing us to charity, mick and philip happy holidays merry christmas to you both. we will be right back. .
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>> we are and mar-a-lago it isa. you can walk away from this and go running 2024? >> will see what happens. >> a lot of people are going to be happy. were gonna save the country. our country is going to hell like it never has before in it. about 11 months. they have destroyed our country. think of it i was going to use a slogan keep america great but i can't because america is not great now. >> my interview with president trump, the big buzz of the morning lee carter i think he gave it away, what do you think about him running in 2024? >> it sounds like he has plans on running is very similar to what he said before if america
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needs me i'm going to run and that's what he seems to suggest there. it sounds like he'll bring back make america great again. that is his campaign slogan. it'll be interesting to watch him from the sidelines over the next year or two to see what happens. >> i've been skeptical that is going to run again but you managed to get it out of them, it was a great interview. >> thank you so much, have a great day, "varney & company" begins right now. stu taken away. stuart: it was a great interview, congratulations and good morning, good morning, everyone. three headlines, they are all connected. joe manchin says no to build back better. omicron spread rapidly ringing new restrictions and closures in the big market selloff. they are links. senator joe manchin told brett baier on "fox news sunday" that he canno

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