Skip to main content

tv   Mornings With Maria Bartiromo  FOX Business  March 1, 2018 6:00am-9:00am EST

6:00 am
lower by one and a quarter% cut is 175 points lower in germany. in asia overnight, south korea was closed for a holiday. japan worst performer down on the nikkei average. don't be afraid to president trump telling lawmakers they need to come together on gun control regardless of outside pressure. >> a lot of people are afraid of the issue raising the age for the west end to 21. i think you're going to have to iron out. i've asked that question more than any other question. are you going to 21 or not? >> companies take matters into their own hands. wal-mart following the latest sporting goods and it will stop selling guns to anyone under the age of 21. when the changes retailers are making. the administration has
6:01 am
reportedly invited steel and aluminum executives to the white house today. details as "the wall street journal" reports the announcement could be made on curbing imports and tariffs coming out. the fcc has issued dozens of subpoenas to get a grip on the crypto currency market. plus channel in an ipo. spotted by laying out plans to make its public debut. all of that coming up. jim and talk about it, fox business network dagen mcdowell. assisting editorial page editor james freeman and fox business network's connell mcshane. dagen: so much discussed. maria: what a day yesterday in terms of news. where shall we start dagen mcdowell? >> i will start to say take the guns first. go through due process back in. the bill of rights is not a salad bar. you don't get to pick and choose which amendments to the constitution you like or favor on any given day. we would get into that as the morning wears on.
6:02 am
maria: that really sparked a lot of conversation online. not sure he understood what he was saying. people in the room were sort of stunned. dagen: then his right-hand man was accused of hurting to excise. where is the due process for this individual know about confiscating guns. i think maybe let's give somebody in the white house a pocket constitution. connell: seems to me so similar to what we saw an in immigration we had and the grad immigrant sitting on the table, but we should remember what happened there and what might happen here, too. >> senator dianne feinstein sitting next to him for some shots of it that i'm sure we will show when the morning wears on. she looked at jd. that speaks volumes. >> another day goes by. maybe she won't be so happy.
6:03 am
she says a lot of things, treats a lot of things and eventually they will focus on making it, dressing the mentally ill question, maybe background checks. they kind of knew what was really a governmental failure at many levels to respond and did everything he could to tell people he had a problem and no response anonymously a lot of failures. dagen: maybe he misspoke, but again the clarification is needed. >> there were so wide and deep on the part of the fbi on how many signals were there. >> just ignore it very clear, very explosive fbi. several clear warnings. amazon and all these companies are able to deal with lots of data. why can the federal government not seem to recognize when you have a problem here. it is not an insane call volume
6:04 am
relative to what many businesses manage to handle everyday. dagen: that is the argument against piling on more and more regulations if you care currently enforce the ones that exist. you can improve the background check system which was a lot of what was discussed yesterday. dagen: which is really needed. turner conversation, kellyanne conway joining us this morning. fox news senior strategic analyst jackie on with country music and reality star fred morgan. don't miss them all another. we keep it on right here with february the red good market lower again yesterday in a volatile session. the dow and the s&p 500 launching the worst month of performance and 10 months with the nasdaq with the weakest month since october 2016. this comes as investors weigh the testimony from the chairman of the fed today. jay powell will take a hot speaker set to take questions with the senate committee.
6:05 am
let's talk about that appeared similar to what we heard on tuesday? >> kind of steady as she goes policy as far as becoming the powell said. if he thinks the economy is in good shape, a lot of this market action in recent weeks. we see people getting comfortable to the idea rates are going up four times this year. this is kind of a natural progression that has to happen back to a normal market. he got some grief this week saying when are you going to shrink the balance sheet. a lot of these politicians under their big spending binge recently, i don't know if they can be the voice of financial rectitude right now. maria: that's right. that narrative is a little more inflation and higher interest rates and is having trouble digesting the new narrative.
6:06 am
>> it's interesting as they get into what you're talking about with how the timing works out for that. bottle in and the markets that have the grades to politics and markets react. everything works in cycles. scott meyer guggenheim took note of an imagined a lot of money to prepare for a collision course with disaster over the course of the next two years the effects of fiscal stimulus where offered monetary policy remains were restricted. that puts us into a reelection year would be the hope of the sitting president in 2020 when you have all of this coming to bear. how that kind of works out in the next couple years is very very interesting to watch for the political timing of it all. >> the other view would be we are getting not just short-term stimulus, the tax reforms have moved us to a permanently higher level by boosting long-term investment. we are hoping to see that. the initial signs are good to see more capital investment,
6:07 am
more plans for still early yet. trained to look at the gdp at yesterday. down from last quarter which is 3.2% in the last couple weeks to slow things down. >> the year-end growth with data which are immediately noted yesterday morning and the first quarter looks like it's going to slow down from there. maria: which is typical. fourth quarter is usually slow. dagen: the forecast was 554% and it's now down to 2.6%. dagen: what's going on with killing the federal reserve? did it for%. neither a 2.5? >> i guess we'll have to wait and see the number. looking long-term, we see a lot of signs that this is going to drive and test an end ultimately mean higher wages as well.
6:08 am
traitor we should point out the atlanta fed does respond as data comes out on a day-to-day basis. some forecasters for quarter growth below 2% down to macroeconomic advisers from 120% for the first quarter. trade your typically it makes sense the fourth quarter as the quarter when everybody is spending money on the holidays and it's a lot of consumerism and the fourth quarter they are paying the bills. >> let's talk about that on "fbn:am" this morning about how you backup all that data in your credit card and you go wait a sec and i'll pay it off. dagen: the journal also has a story that treasuries are losing their foreign allure, but the cost of currency hedges are hurting the appeal of u.s. treasuries from international investors at a time when our deficits are going to be even larger because of what republicans do at the two-year
6:09 am
budget. >> there is a headline a month ago which rattled markets about china and fewer treasuries. that is the headline double that of markets. two of the country's biggest gun sellers taking their sales following a move by sporting goods announcing that it would no longer sell guns to anyone under the age of 21. this coming on the same day president trump encourage lawmakers to take action expanding background checks on gun sales. >> we are going to get this done in a bipartisan manner. i'm not even worry about 60 votes. >> i think you underestimate the power of the gun law. uganda, over. we've got to do something. they have great power i agree with it. they have great power over you people. what do i need? to get the due process procedures i like taking the guns early, like in this crazy
6:10 am
man's case. he had a lot of conversations on everett man. so you can do exactly what you're saying, that take the guns first. maria: there is your quote coming day can make towel. dagen: again, i don't know how -- i don't know how it's the leader of the country that you say that. maybe he misspoke, but i listen to the whole back and forth between vice president pants and president trump. what was being discussed is something that was brought up on this program right after the shooting happened in parkland, florida, which is the idea of the state level of gun violence restraining order, of a process to go to court by a family member, prosecutor or a number or member of law enforcement to get a gun or guns out of the hands who might be a threat to
6:11 am
themselves or a threat to other people, but that is due process. you would have to go through legal channels to make that happen. it seems that the president was arguing with the vice president over this. that's what he said take the guns first and go through due process i can. he was clear you need to get the guns out of people's hands first and worry about courts later. that is just an utter violation of our constitution and the bill of rights. transport isn't any secret the president comes into these meetings which are fascinating television. we watched him a few times on a number of different topics. immigration earlier and had safety yesterday. he doesn't come in as traditionally prepared by someone else for a meeting like that. in other words, being briefed on policy, having read through the minutia of the details. he takes a big picture approach. dagen: not going to defend the president on this. connell: not defending them either. he takes a big picture approach
6:12 am
on and let someone else noticing. i'm not sure there was an understanding of the guns they feed restraining order when he was explaining how the timing of that works out. dagen: you should watch mornings with rhea bore off than many would have a better understanding. they take california, oregon, even indiana, mike pence's home state of washington state have adopted them. to quickly go through what the president was talking about companies opposed to the concealed carry reciprocity. maria: we have a list of what he wants to show putting the fbi tipster program. you were saying it's obviously also the background checks. dagen: yesterday when he seemed to be opposed to us including the concealed carry reciprocity agreement in any bill. he is for emerging extended database, background check database with a bill from senator to me and mansion, which
6:13 am
is a universal background check which would force gun shows to run background checks on people raising the h. 221 for by them on god, but no due process. traded he doesn't want to the reciprocity of the same bill. connell: he may be right about that. maria: trade is front and center. the trump administration asks steele in the limited executives to the white house turned an announcement could be made in curbing steel and aluminum imports. here's a commerce secretary wilbur ross told us when i talk to his earlier this year and downloads. >> would've proposed to the president a variety of kinds of actions he could take in neither case did he will select firm a moment or two something different. you cannot allow our companies to be destroyed by unfair competition. if it's a level playing field and they could make a better
6:14 am
product in cheaper product, find, they should win. he shouldn't win just because they're subsidizing dumping. maria: you've been very thoughtful about this issue. where do you want to see the president on terms of these tariffs? >> this is scary for the economy because he's the kidnap is the agreement on trade that's very costly. mr. ross that interviewed former steel executive and i guess he sees the world through that prism is the steelmaker who doesn't want competition overseas. we have more than 10 times people working in industries than producing steel. when we decide to raise prices on steel, it hurts many more people than it helps. we saw the same thing with the bush terrace. go back through history. i think it has something to do with this bad market month. a lot of progrowth policy.
6:15 am
this is not the bad part of the trump agenda hoping he says no to it. what he ought to be going after china for his theft. prices on steel is not a crime. maria: more on that. we'll be right back. n motion. and there it is, the "baby bird". breathtaking. a sumo wrestler figure skating? surprising. what's not surprising? how much money heather saved by switching to geico. fifteen minutes could save you fifteen percent or more.
6:16 am
each day our planet awakens but with opportunity comes risk. and to manage this risk, the world turns to cme group. we help farmers lock in future prices, banks manage interest rate changes and airlines hedge fuel costs.
6:17 am
all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. i was wondering if an electric toothbrusthan a manual.s better and my hygienist says it does but they're not all the same. who knew? i had no idea. so she said, look for one that's shaped like a dental tool with a round brush head. go pro with oral-b. oral-b's rounded brush head surrounds each tooth to gently remove more plaque. and unlike sonicare, oral-b is the only electric toothbrush brand accepted by the american dental association for its effectiveness and safety. my mouth feels so clean. i'll only use an oral-b. oral-b. brush like a pro. maria: welcome back. apparently winter not open yet. a nor'easter slams the northeast. lauren simonetti with all the
6:18 am
news. >> a commemorative. powerful storm expected to deliver high winds, floods and snow in some parts. it has the potential to produce a surge of three to four feet above high tide to the national weather service warning coastal flooding could cause property damage from washington to boston are in the projected path. all ready for the nation's airlines have already waved we booking fees. the policies are in place for friday and saturday with the forecast to be. the longest-serving aide said she is resigning to ask for new opportunities fixed at the administration's fourth director of communications. where before the house intelligence committee on tuesday announced questions for hours related to the investigation into russian meddling. well, attorney general jeff sessions pushing back against
6:19 am
criticism and the sloshing out of the way sessions is choosing to investigate crimes that abuse allegations by the obama administration against his campaign. why is it e.g. jeff sessions asking the inspector general to investigate massive thighs that abuse. and already reports that call me come et cetera. isn't the obama guy, why not use justice department disgraceful. sessions responded. we have initiated the appropriate process to ensure complaints against the department will be fully acted upon if necessary as long as i'm the attorney general. i will continue to discharge my duties with integrity and honor in this department will continue to do its work in a fair and impartial manner according to law and constitution. while this back-and-forth raising speculations about security of jeff sessions job.
6:20 am
meanwhile, security and exchange commission is ratcheting up the pressure on the multibillion dollars christo currency market. "the wall street journal" reported that the sec is issuing dozens of subpoenas to tech companies wanting that many token sales or initial client offerings might be violating security laws and of course trying to protect investors. maria appeared trade to thank you much, lauren. i want to go back to term storage. trump versus jeff sessions. i've been questioning just sessions as well. he came on the show a week and a half ago and i asked him, do you regret recusing yourself? he said i did all the right things. when you look at the fights abuses, this is more than just russia. they went to the fisa court and that was democrats and hillary kitten campaigned under the dossier. why wouldn't jeff sessions
6:21 am
investigate that? >> the question is to get it out into the public. what was the court told? was there discussion between the court and the justice department? put it all out there. did the party in power spy on the political opposition? maria: that is the question. we'll be right back.
6:22 am
the day after chemo might mean a trip back to the doctor's office, just for a shot. but why go back there, when you can stay home with neulasta onpro? strong chemo can put you at risk of serious infection. neulasta helps reduce infection risk by boosting your white blood cell count, which strengthens your immune system. in a key study, neulasta reduced the risk of infection from 17% to 1%, a 94% decrease. applied the day of chemo, neulasta onpro is designed to deliver neulasta the next day. neulasta is for certain cancer patients receiving strong chemotherapy. do not take neulasta if you're allergic to neulasta or neupogen (filgrastim). ruptured spleen, sometimes fatal as well as serious lung problems, allergic reactions, kidney injuries, and capillary leak syndrome have occurred. report abdominal or shoulder tip pain, trouble breathing or allergic reactions to your doctor right away.
6:23 am
in patients with sickle cell disorders, serious, sometimes fatal crises can occur. the most common side effect is bone and muscle ache. so why go back there? if you'd rather be home, ask your doctor about neulasta onpro. sure. momwhat's up, son?alk? i can't be your it guy anymore. what? you guys have xfinity. you can do this. what's a good wifi password, mom? you still have to visit us. i will. no. make that the password: "you_stillóhave_toóvisit_us." that's a good one. seems a bit long, but okay... set a memorable wifi password with xfinity my account. one more way comcast is working to fit into your life, not the other way around. retail. under pressure like never before.
6:24 am
and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. maria: welcome back to america's trading down this morning. volatility on wall street has been so significant. dow and s&p 500 and a 10 month win streak yesterday. feather was the worst month since january 2016 for the indices for joining us now is cio thinks smith. good to see you. thanks for joining us. what's going on with the market right now? >> we're adjusting to inflation that is picking up but not
6:25 am
running away. interest rates are coming up as well but in no way is competition to the stock market. we have a situation in 2017 in which the market was reacting perfectly rational to the fundamental news of an economy that is growing both here and abroad. corporate profits expanding both here and abroad and benign inflation and low interest rates. by the way, the bond market was equally as an volatile as the stock market in 2017. those latter two, inflation and interest rates are not enough, but in no way are a problem with the market adjusting to god. >> is this a threat? was it that the fourth quarter gdp revised slightly lower. we are talking earlier about some estimates for the first quarter coming down a little. is that a threat to earnings as far as you can see? >> i don't think so. the tax reform is a huge boost
6:26 am
to earnings. regulatory reform, which doesn't get all that much talk, but that's a huge boost as well and particularly confidence. it's interesting, what would happen if we get the normal first-quarter rule and i can't explain why the first quarter has been traditionally off. then we get the interest rate hike in march but we have first-quarter lead to early april less than expected. do we then get the june hike on the table and maybe we are looking at three hikes, not four. some are making five for six. dagen: you raised the issue about inflation and and why the markets seem to be so concerned about that. greg rice in "the wall street journal" "wall street journal" today they choose trillions of dollars literally on inflation being a nonevent. wall street spinning not win the federal reserve's been in now
6:27 am
way. he lays out a possible scenario were inflation can pick up a lot more than people expect about a 2% mark and could do so very quickly. he lays out the low unemployment that we've seen, which usually gives rise to much higher prices. the big tax cut, big boost in federal spending. a falling dollar, rising oil prices and protectionism is another reissue. he lays out the case for it. he might be in the minority for that, but again that is nine at investors and calming concerns. maria: does this worry you? one policy seems to be one area of very disruptive. >> i agree that would be a policy mistake and something to worry about. anytime we have enacted trade restrictions, tariffs, it does not. >> would have to be like a rip off of nafta for it to be something to have a huge impact on markets? >> even the piecemeal approach
6:28 am
to know through a steel and aluminum, that didn't help it had to be rescinded shortly thereafter. he took it back in 03. look, we could have a cyclical spike in inflation, but he emphasize cyclical. there were three secular forces that argue for inflation long-term. globalization which is another way of saying we have an oversupply of labor worldwide. demographics, aging of the baby boom generation both here in developed countries abroad and technology. those are three secular forces that cannot be changed and argues for low inflation. maria: do you want to use this market? >> absolutely. every single pullback has been relatively brief and not very quickly. just go back to the last correction in the middle of 2016
6:29 am
in which we had the worst opening five weeks in any calendar year in market history down 14%. feather 1150 thatcher quarterly statement march 31st, you were ahead. you didn't even know there was a correction. trained to do than 4% growth is still possible in 2018? >> 4% is a stretch. but look, if we get 3%, that's 50% better than where we fed for the preceding eight years. maria: no kidding. and earnings of 20% is expected for the s&p 500. >> let's say between 15% and 18%. maria: good to see you. thanks so much. looks like nbc was the big winner this year's super bowl. it may have been the most profitable night in television history. we'll bring you those numbers. houston rockets guard taken the server to the next level. you've got to see the play on
6:30 am
the internet this morning. we've got a max. ♪ at fidelity, trades are now just $4.95. we cut the price of trades to give investors even more value. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be.
6:31 am
and at $4.95, you can trade with a clear advantage. big thinking in the finger lakes is pushing the new new york forward. we're the number one dairy and apple producers in the eastern united states supported by innovative packaging that extends the shelf life of foods and infrastructure upgrades that help us share our produce with the world. all across new york state, we're building the new new york. to grow your business with us in new york state, visit esd.ny.gov
6:32 am
mary: thanks for joining us this thursday, march 1st, happy
6:33 am
march. stocks under pressure this morning, stocks indicate another decline at the start of trading after another lousy day yesterday as a rocky end to the month of february but we expect a lower start to major indices on top of this was the dow and s&p saw their worst months of decline since january 2016, down the street gave up 1%, nasdaq down 3 quarters of 1%. european markets taking a cue from wall street edging lower. the s&p 500 down better than 1%. in asia overnight mixed performances, south korea closed for a holiday, worst performer was japan, nikkei average down 1%. in the morning from russian president for a reboot and, he reveals the country now has a missile that can, quote, reach any point in the world. spotify revealing details of a
6:34 am
long-awaited ipo. google bringing its check to the workplace, how the search giant is taking on black. the beer goes viral, james harden shot taking the internet by storm. we have those highlights right here this morning. but first our top story this half hour, repeating cold war tensions, vladimir putin calling out the united states during his state of the union address which just wrapped up minutes ago. in his speech he claims the country has developed a new generation of interceptor missiles along with technology that renders missile defense systems useless. he called the new us nuclear doctrine worrying while announcing new nuclear technology like an underwater drone that can carry a warhead. joining me is gen. jack came. good to see you, thanks for
6:35 am
joining us. the speech just ended, putin still on stage, what are your thoughts on what he had to say. >> spoon and the chinese have upgraded their nuclear missile arsenal and that is something we are getting to do ourselves, it is in the new budget that the president and congress just approved. he does have new capabilities, he has gone back to tactical nuclear weapons, something we had in the past and agreed to get rid of during the 1980s intermediate force discussions, what he introduced as a cruise missile, surface missile, that is a very good missile to be sure and it will carry a nuclear tipped weapon and also has an undersea drone doing the same thing. we are proposing, the president has not approved it yet but we are proposing to do much the same in developing tactical nuclear weapons. what we found, the best defense against nuclear weapons is to have a common like weapon yourself. that has sustained us ever
6:36 am
since nuclear weapons have developed. he has developed a capability we don't have, we will develop a similar capability to neutralize the use of the weapon system which proved successful for 70 years later mary: are we doing that right now? >> we made the proposal, the president has not made a decision, will likely make the decision and we will develop it. mary: the new threat we are hearing from isis. the us-led coalition destroyed a terrorist group strongholds in syria and iraq but growing concern the islamic state has splinter groups. the state department warned of 7 ices linked groups found in countries like nigeria, the philippines and somalia. you told us months ago isis was going further into africa. how can the us fight use decentralized operations. >> we cannot. this is a global problem is a global revolution going on with radical islam trying to take
6:37 am
over local nationstates and change the global order which they want to take over the world much as communists wanted to do in the 20th century and the only way to approach a global problem because they are in the middle east, they are in africa, northern africa, eastern africa, western africa, south asia, southeast asia and inspire people in europe and america to kill their own people. the only way to deal with a global problem like that is to approach it globally, bring the nations of the world together, let's benchmark the best practices against them. help understand the intelligence, help them to do a little training but we can't fight this problem around the world ourselves. we have got to help others to do it and most importantly, this is the significant thing. we have got to provide a purposeful life and alternatives was to why young people want to join fanatical movement like this, this is a political movement based on religious ideology. we have got to turn them away from that and that is crucial and that will take time but we
6:38 am
don't do it overnight. mary: the majority of the population in many places in the middle east are 30 years or younger, folks like saudi arabia, 70% of the population 30 years or younger, the evil people, the isa soldiers want to get those people before they get older, get them when they are young and turn their heads into evil. characterize where isis is now, last time we spoke you were sure they were - this military today under this administration, we were winning. >> we retook the territory come out of that caliphate they run incident operations, finance things going on and direct them. they are hiding in holes in southeast syria but still even
6:39 am
in iraq and syria, there are still 15,000 isis fighters in those areas that don't own territory anymore. on the world stage they motivated a lot of people to join this movement worldwide. mary: the war in afghanistan, the nation ex-president reportedly offering passports to the taliban in a bid to strike peace with the group. >> trying to bring them into political spectrum of afghanistan and give them amnesty for war crimes and make part of the political fabric of the country. the taliban is not going to take it and the reason is simply this. they own more territory than any time since they were running the country. they want to run the country because they did in the past. they are not going to take that deal. mary: in terms of the war in syria, the us and its allies slammed russia after the
6:40 am
cease-fire collapsed this week. letter putin blames, quote, extremist forces so the united nations deliveries aid to evacuate civilians. is this another setback for syria? what is happening here? >> b lying through his teeth. the reality is every time we had a cease-fire in syria and ukraine the russians have broken the cease-fire and they have done it here. those planes that are bombing those people are not opposition forces, they don't own a single airplane, they are not extremists who own airplanes, those planes are russian and syrian airplanes continuing to bomb the people and we can see on television, that is russia breaking the cease-fire. mary: the united nations shedding light on north korea at the legal trade, the kim jong-il regime making chemical
6:41 am
weapons, between 2012, 2017, that is in direct violation of the international sanctions, isn't it? >> absolutely. we have to deal with this regi regime. they are pointing nuclear weapons at the united states and that is enough to take these guys on but the second thing is what they are doing here. they will take those nuclear weapons and proliferate them. they will sell them to syrians and iranians. they will sell them to asus. that is what makes this regime so dangerous and why they have to be stopped. mary: thanks for your insights on all of this. general jack team which will take a break. google taking on the workplace now, messaging system with retooled google hang out but don't call it a comeback, we will tell you what it is and spotify, trying a used process that might be music to the ears
6:42 am
of investors, back in a moment. blackplanet blackplanet
6:43 am
6:44 am
we just got married. we're all under one roof now. congratulations. thank you. how many kids? my two. his three. along with two dogs and jake, our new parrot. that is quite the family. quite a lot of colleges to pay for though. a lot of colleges. you get any financial advice? yeah, but i'm pretty sure it's the same plan they sold me before. well your situation's totally changed now. right, right. how 'bout a plan that works for 5 kids, 2 dogs and jake over here? that would be great. that would be great. that okay with you, jake? get a portfolio that works for you now and as your needs change from td ameritrade investment management.
6:45 am
mary: more fallout from the sexual misconduct at bank of america. >> the wall street journal reporting two employees which focus on hedge funds have been fired. let go after the bank discovered they interfered in the investigation to alleged inappropriate behavior by an executive in that unit. sources say they believe maleic and others tried to coordinate the stories employees were telling investigators about the alleged behavior. he was let go in january after a female employee complained about unwanted advances we believe in shares of bank of
6:46 am
america. get ready for the spotify ipo, different from the traditional stock debut in the music streaming service will not introduce new shares which it will for direct listing instead float existing shares and let the market determine stock price without the help of banks, shares of spotify could exchange as early as march 26th. google's rival product to the messaging service flak is out called hang out chad, google spin emphasizes artificial intelligence, healthy scheduled meetings and share files and documents, hang out chat also offers virtual public company and organize people around the project so it is like communications in the workplace. shares of alphabet down 1%
6:47 am
right now. >> direct listening plan by spotify reminds me of what google wanted to do. >> i'm not a spotify but that doesn't matter. i feel i have used amazon for everything in my life but my kids would tell you they would be quite bullish on potential spotify ipo. everybody has a little piece. dagen: you are competing against companies with deeper pockets. apple with the new speaker out trying to compete with the google speaker and obviously amazon but you like the apple speaker better. better sound quality based on my questionable ears. >> a lot more expensive. >> streaming services are saving the music industry but whether they can make money themselves with bigger
6:48 am
competition. i like spotify but what are the barriers to entry and defensible part of their business. >> will hear won't he? reports that rob grancowski can only respond to a cryptic tweet. all of social media lighting up with the epic crossover by james harden. it launched 1 million names next. ♪ ♪ blackplanet legalzoom. where life meets legal. 'sleep number spring clearance event'. the dual adjustability of the sleep number bed allows each of you to adjust to your ideal level of firmness, comfort and support.
6:49 am
your sleep number setting. for your best. sleep. ever. in the morning, you'll discover the amazing effects the bed is having on your sleep quality... your sleepiq score. and snoring? does your bed do that? only at a sleep number store where queen mattresses start at just $899. and, it's the last chance for clearance savings up to $600 on our most popular beds. ends soon. visit sleepnumber.com for a store near you. sure. momwhat's up, son?alk? i can't be your it guy anymore. what? you guys have xfinity. you can do this. what's a good wifi password, mom?
6:50 am
you still have to visit us. i will. no. make that the password: "you_stillóhave_toóvisit_us." that's a good one. seems a bit long, but okay... set a memorable wifi password with xfinity my account. one more way comcast is working to fit into your life, not the other way around. retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver.
6:51 am
mary: ever trip over your own feet?
6:52 am
happen to an nba player last night. >> houston rockets all-star james harden manipulated the whole thing bridget sent wesley johnson at the ankles to the ground. here we go last night. >> got the clippers, cleanup on aisle 3. someone call someone because there is a cleanup on aisle 3. a man is down. >> cleanup on aisle 3, james harden scored 17 points in the first quarter and the rockets won their 14th game in a row 105-92. last time these teams met after the game rockets players tried to storm the clippers locker room, one player got suspended, doc rivers last night before the games at the clippers won't leave anything to chance. he said we barricaded all the secret passageways, we are going to build a wall, he says and i'm not paying for it, houston is playing for it.
6:53 am
big mystery in the nfl, rob gran kautsky going to continue his playing career? after the patriot lost the super bowl he said i'm going to look at my future. i'm going to sit down the next couple weeks and see where i am. yesterday the nfl network reported he is not expected to retire but to return to football. in 2018 but what does rob gran kautsky think of this? hashtag clueless. what is next? 103.4 million people watched super bowl lii on television in the united states, $100 million was generated in profit by nbc universal president and ceo steve burke says we think it might have been the most profitable night of television in history. and still one of the most watched programs, 3 million fewer watch the super bowl than the final episode of mash. mary: the ratings are down and
6:54 am
yet it was very successful. >> advertisers had to fork over more than $5 million for 30 seconds commercials. 87% jump in the cost of 30 seconds to have your billboard in front of the eyes of the largest audience ever in television. just like these numbers, 103 million doesn't include streaming. dagen: may be trying to distract from the fact that the olympics had such lousy ratings but you point to this winter. >> it evens out. >> try to get headline about this rather than spend money on the olympics. >> the super bowl turned out to be an exciting uplifting to patriotic event. not a lot of politics. a lot of fans appreciated that. >> none of the kneeling or anything. dagen: the joy of seeing the
6:55 am
new england patriots lose. do we have this legal numbers on the olympics yet or is it too soon? >> it is different. >> that wasn't a success we were talking about. >> the streaming goes through the industry, the gold medal hockey game between the olympic athletes, russia and germany, they went to over time and i thought i don't want to sit downstairs so i'm going to bed and i watched the overtime because i know i can. we are going more toward that area which is why yahoo or twitter or whoever is bidding for nfl rights to stream the games is becoming better, the landscape changes. >> they might detect companies at the nfl games. dagen: the strength of the super bowl over the nbc air when worked really well but on
6:56 am
a day-to-day basis it is a struggle if you're trying to stream. >> struggle bus? i like that. mary: catch the sports report on serious radio xm 115. this tweet from donald trump, many ideas, some good, some not so good emerged from our bipartisan meeting on school safety at the white house. background checks a big part of the conversation, gun free zones are proven targets of killers. after many years a bill should emerge, respect the second amendment. dagen: and the fifth, that would be due process. how about the whole bill of rights, the whole constitution. >> many ideas, some good, not so good, sums up his remarks. not just the meeting but for himself, he is not known for self-criticism but maybe he is acknowledging he should have
6:57 am
leaned a little more toward the constitution. >> cleanup on aisle 3 like they were talking about. mary: did the democrats set up hope hicks in that testimony this week? we will talk about the communications star at the white house resigning and country star and army vet craig morgan opening his home and heart with a new reality tv show. easier to tell us more about it, "mornings with maria" back in a minute. ♪ ♪ what is the matter with the car i am driving ♪ we've been helping you prepare and invest for retirement since day one. why would we leave now? because i'm retired now. so? we're voya. we stay with you to and through retirement... with solutions to help provide income throughout. so you'll still be here to help me make smart choices? well, with your finances that is. we had nothing to do with that, uh, tie.
6:58 am
or the suit. or the shirt. voya. helping you to and through retirement. a trip back to the dthe doctor's office, mean just for a shot. but why go back there, when you can stay home, with neulasta onpro? strong chemo can put you at risk of serious infection, which could lead to hospitalizations. in a key study, neulasta reduced the risk of infection from 17% to 1%, a 94% decrease. applied the day of chemo, neulasta onpro is designed to deliver neulasta the next day, so you can stay home. neulasta is for certain cancer patients receiving strong chemotherapy. do not take neulasta if you're allergic to neulasta or neupogen (filgrastim). ruptured spleen, sometimes fatal as well as serious lung problems, allergic reactions, kidney injuries, and capillary leak syndrome have occurred. report abdominal or shoulder tip pain, trouble breathing or allergic reactions to your doctor right away. in patients with sickle cell disorders, serious, sometimes fatal crises can occur. the most common side effect is bone and muscle ache.
6:59 am
so why go back there? if you'd rather be home, ask your doctor about neulasta onpro.
7:00 am
>> maria: welcome back. good thursday morning many thanks so much for joining us. i'm maria bartiromo. your top stories right now, 7:0. the winning streak was snapped, the dow ending february on a sour note, falling nearly 400 points yesterday. it was the worst month since january 2016 for the dow and s&p 500 which snapped 10 month winning streaks for both indices, the longest streak since 1959. should investors be aware of the ides of march? markets will open lower this morning. this is the low of the morning so far, a decline of 131 points on the dow industrials, 1/2 of 1%, down 12 points on the s&p and down 28 on the nasdaq. investors are watching key remarks today from jay powell once again as he testifies today before the senate banking committee this morning.
7:01 am
in europe, right across the board we're looking at declines as well with the q100 and the dax index down. in asia overnight mixed performance, south korea was closed for a holiday. the worst performer was japan, nikkei average down 1.5%. getting tough on guns, president trump telling lawmakers they need to come together on gun control regardless of outside pressure. >> this is not a popular thing to say in terms of the nra, but i'm saying it anyway. i'm going to have to say it. you can't buy -- think of it. you can buy a handgun. you can't buy one, you have to wait until you're 21, but you can buy the kind of weapon used in the school shooting at 18. i think it's something you have to think about. a lot of people don't want to bring it up because they're aphrasfrayed to bring it up. >> maria: walmart taking a lead from dick's sporting goods. walmart will stop selling guns to anyone under the age of 21. more on the major changes
7:02 am
retailers are making coming up. a shootout caught on tape. over 60 bullets are fired in 15 seconds in a gunfight between police and a suspect. youtube bias? the technology giant says moderators mistakenly pulled right wing channels from the sight. martin shkreli begs for mercy, saying he was a fool. his plea to a judge as he faces up to 10 years in prison. joining me to break it down is dagen mcdowell, connell mcshane and james freeman. great to he see everybody. >> good to h be here. >> nobody will argue with shkreli that he's a fool. >> maria: you're not going to take the other side? >> i was trying to think of an opposite argument. >> dagen: this is something one of our viewers raised yesterday. i'm waiting to a see a constitutional challenge to a walmart or a dick's that if you're going to deny the
7:03 am
purchase of a rifle or shotgun to someone under the age of 21, when legally it's still the national law that the age is 18 at the federal level for these weapons. by the way, this was virtue signaling and attempted good p.r. yesterday from walmart and particularly dick's. dick's stopped selling assault style rifles six years ago. walmart stopped selling them back in 2015. >> but still sold them in an affiliate. >> >> dagen: it was 30 some odd stores that dick's sold them in. the chain hasn't sold them in six years. >> maria: walmart may get pressure from customers, saying dick's sporting goods did that, what will you do? a lot of time companies get pressure from their customers. >> dagen: dick's we should say sold a shotgun to the parkland, florida killer, nikolas cruz back in november. it wasn't used in the shooting at the high school but nevertheless, this is nothing but public relations. they can act like it's something
7:04 am
about morality but it's not. it's virtue signaling. >> i think there are a lot of customers and they talk about the nra like it's some special interest representing the gun industry. it has power because there are millions and millions of americans who treasure their second amendment rights. you get rid of the nra, that would not change. there would be another vehicle to express that feeling that is broadly held in the united states. speaking of public relations, martin shkreli does seem to be someone who could use improved 3ub licpublic relations. maybe he could be hope hicks' first client. >> maria: joining the conversation this mornings, kellyanne conway is with us this morning. military vet and award winning tv host craig morgan is with us as well. lots to talk about on both of those cases. do stay with us. we kick it off this hour with this. president trump expected to take action this afternoon by rolling out a package aimed at making schools safer. the president took to twitter
7:05 am
earlier this morning, writing this. many ideas, some good, some not so good, emerged from our bipartisan meeting on school safety yesterday at the white house. background checks, a big part of the conversation, gun-free zones, a proven target of killers. after many years a bill should emerge. respect the second amendment. this comes after he publicly sparred with republicans yesterday over concealed carry and nra influence. watch. >> we can do that with an executive order. i'm going to write the bump stock, essentially write it out. you won't have to worry about bump stocks. shortly that will be gone. we can focus on other things. joe and pat, in your bill, what do you think about the 18 to 21? >> change that. >> are you going to leave that? a lot of people don't want to bring it up because they're afraid to bring it up. >> we didn't address it. >> you know why? because you're afraid of the nra. >> maria: let's bring in kaley mcininiey. you just heard the president
7:06 am
there. are republicans too afraid to act because of the nra? are they afraid of the nra? is that what it is? >> well, look, i think the nra's obviously a powerful lobbying group and the president was pointing that out and it's not just republicans. there are moderate democrats too. he was pointing out that we need to have one special interest and that's the american people. that's the square focus of this. that's president trump's square focus an and he's saying thato lobbying group should keep us away from meaningful compromise when it comes to guns. >> when a republican president looks at a republican senator says you're afraid to act because you're afraid of the nra, how has that gone over with republicans you've spoken with since those comments? >> since then the senator came out and said i don't think president trump was meaning that directly towards me. he was saying it generally that the nra has a lot of influence over a lot of elected officials 678 n.right now we're trying tod solutions for those kids to make sure that never happens again in
7:07 am
this country. >> i'm wondering, is there any effort here in the administration to fix what went wrong at the fbi in this case? it seems to me when credible reports come in with a specific name and a specific warning about a specific action that is going to be taken, you would hope they would respond. >> oh, absolutely. there will be multiple, multiple investigations into that. president trump has said it's inexcusable that the ball was dropped there. likewise, the local police department. we need to have meaningful warning signs that we look into and that we pursue vigorously. what president trump has said, we need to make sure that we can actually take these weapons away from individuals who are mentally ill. that's so important. because there can be a million warning signs. unless we have the means and the statutory tools to make change, then those warning signs will really fall on deaf ears. >> dagen: kaley, he said take the firearms first, then go to
7:08 am
court. take the gun first, due process second. that's a violation of the fifth amendment. so what did he mean by that? it seems he was getting in a back and forth with vice president pence who was talking about gun violence restraining orders which it gives families, law enforcement, prosecutors a way to get weapons out of the hands of people who are potentially a threat to themselves or someone else but there is due process. you have to go to court. and president trump said take the guns, due process second. did he misspeak? >> no, dagen. i think this was -- look, this was a discussion. most of the time the media isn't let in on these conversations. we were let in on it to see the discussion and the ideas bouncing around. today we'll get the official proposals. everything that's done will be constitutional. it will be above board. i think president trump is expressing frustration that we knew this individual want todd
7:09 am
be a school shooter. he said it himself. the police had gone there. yet, he still has these weapons and wreaks havoc on society and ends multiple lives i think it was a free-flowing discussion. today we'll get the official proposals. i'm glad the media let in on that. i'm glad the american people saw the discussion happen. >> maria: did you get a lot of discussion from republicans, the gop? what did they say about that comment? >> look, we're happy about what we saw yesterday because finally we have a president that's putting politics aside and just having a pragmatic discussion. that's what we need is a pragmatic discussion. what you saw yesterday was the ultimate deal maker, the ultimate pragu pragmatist bringo sides together. >> dagen: i want to add something, they didn't see it as a pragmatic discussion, they saw it as someone that was chucking the constitution and talking about confiscating people's weapons without a court order. that's what a lot of people
7:10 am
heard. people were outraged. people who were trump supporters were very upset by that. >> this was just a discussion. this is a -- >> maria: the cameras were rolling. >> this isn't laying out the official legislative solutions. presidenpresident trump is frus. most americans are frustrated. most of the policies are supported that were discussed yesterday. we'll get the official policies out today. i think it was important to seem we've got to get weapons out of the hands of those who want to commit atrocities like what we saw in parkland, florida. >> maria: that's a different conversation, getting guns out of the mentally ill. what dagen is talking about is take the guns first and then court later. i mean, due process second. so we're talking about two different things. >> it's the same thing, because president trump is not talking about confiscating weapons from americans. he's a supporter of the second amendment and the nra. he's talking about individuals like nikolas cruz, i hate to use
7:11 am
the kid's name, he's a murderer, that's what we're talking about. he's a supporter of making sure the shootings don't happen. >> maria: let me switch gears, ask about the white house shakeup, latest news. the president's communications director hope hicks announced she plans to leave within the next few weeks. president trump reacted in a statement, writing this, hope is outstanding and has done great work for the last three years many i will miss having her by my side. when she approached me about pursuing other opportunities i totally understood. what's your reaction to this? is this because of the testimony the other day you think where she said sometimes she has to say white lies to protect the president? >> no, it's not, because hope had told many people before that testimony that she was leaving. so several people knew, had nothing to do with the testimony. he she was looking at other opportunities for a very long time. she was a valued member of the administration. maria, three years working nonstop, 18 hour days in many cases, that's a long time.
7:12 am
so it's perfectly reasonable that she would want to move forward. it really had nothing to do with the testimony. >> maria: the timing is -- she's a communications expert, right? to come out the day after the testimony and say i'm stepping down to pursue other opportunities, sounds a little sketchy there. >.i'm wondering if the democrats set her up. they kept asking apparently in the testimony, did you have ever lie for the president, have you ever told white lies for the president and then she said things like he's in a meeting when he's really not in a meeting and then immediately that quote of i tell white lies was leaked. so once again we've got the leakers out in force on the left. so was that part of it, do you think? >> maria, that's exactly right. i do think the democrats set her up. hope's goal was complete honesty in the testimony. she took great pains to ensure she was providing accurate
7:13 am
answers. and so accurate to say yes, maybe one time i said he was in a meeting when he actually wasn't and the democrats ran with it. i think that's spot-on. hope is a valued member of the administration and we thank her for her service. >> to add a little context there, often i think as we to public relations people, representing politicians, the white lie is standard, for instance, when they say yes, my boss very much enjoys talking to you. >> maria: that's a good point, james. >> i'm sure he doesn't enjoy talking to much of the mainstream media who is on an effort to get him. >> maria: what's with the war of words between attorney general jeff sessions and the president? of course, the president tweeted out yesterday, questioning sessions, asking the inspector general to investigate potentially massive fisa abuses. sessions fought back saying in part he will continue to do this work in a fair and impartial manner according to the law and constitution as long as he is attorney general.
7:14 am
why doesn't the president go directly to sessions and confront him rather than calling him out on twitter? >> i'm sure he has. the president's frustrated. he appointed an attorney general and on many of these investigations he's having to recuse himself or step down and the justice department isn't functioning as president trump would like it to function. the fisa abuses are serious. they're real. we have a department of justice with prosecutor y'all power and president trump wants them to do their job and look into it. that's why. he's out there and he wants to say it publicly that he wants the doj to step up and put pressure on them. >> maria: kaley, good to see you. thanks so much. >> thank you. >> maria: we've got this breaking news. the president just tweeted this. he says our steel and aluminum industries and many others have been december mated by decades of unfair trade and bad policy with countries from around the world. we must not let our company, countries and workers be taken advantage of any longer. we want free, fair and smart
7:15 am
trade. that's from the president. we'll get back to that after this short break. back in a minute, everybody. stay with us. thou hast the patchy beard of a pre-pubescent squire! thy armor was forged by a feeble-fingered peasant woman... your mom! as long as hecklers love to heckle, you can count on geico saving folks money. boring! fifteen minutes could save you fifteen percent or more on car insurance.
7:16 am
7:17 am
>> maria: welcome back. now this, broad com making an appeal to qualcomm shareholders to support the proposed merger many we have details. >> lauren: broad com is pursuing a merger with qualcomm. they are urging qualcomm shareholders to vote for all six
7:18 am
broad com nominees at the upcoming shareholder mead meeting which is next week. broad com recently lowered the hostile take over bid to qualcomm after qualcomm raised a bid nsp semisemiconductor. there was an offer of $121 billion on mob day. take a look at broad com shares down 1/3 of 1% in the premarket. qualcomm shares are down just fractionally. we'll continue to watch this story for you which could be the biggest tech deal we've ever seen. check this out. stunningvideo from the san francisco police department, officials showing us the body camera video, seven officers firing at least 65 times, 65 times within 15 seconds at a suspect that's holed up in an rv on a residential street. the suspect was ordered to come out several times but he fired two shots instead. listen. [gunfire] >> lauren: scary stuff.
7:19 am
the spues suspec suspect was lia homicide and a carjack. nobody was hurt. best buy is moving to cut costs as more of us shop online. the company closing its 250 mobile phone stores in the u.s. by june. best buy says it will continue to sell cell phones onlined in their big stores. they announced quarterly earnings. revenue was better than expected. shares rallying 5.5% in the premarket. the utah legislature taking a page from schoolhouse rock. lawmakers explaining the law making process, how a bill becomes law with some help from the fresh prince of bellaire. >> legislator's mind and idea is raised. >> in the law book is where they spend most of their days. >> drafting out, maxing out, hardly relaxing. >> introducing bills inside of
7:20 am
house chambers. >> lauren: that video seen tens of thousands of times since it was tweeted out yesterday. so there you have it. >> maria: i love that. that is so great. thanks, lauren. coming up, another case of big tech bias, youtube caught removing conservative channels from the website. why the company claims it was all a mistake by its moderation team. and then the essence of einstein, how levi's claimed they bottled the scent of the genius, next. ♪ why do you fill me up butter cup baby just to let me down. ♪ and then worst of all, you never call baby when you say you will. ♪ i love you still. ♪ i need you more than anyone.
7:21 am
sometimes, they just drop in. obvious. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities.
7:22 am
cme group - how the world advances. ♪ oh hi sweetie, i just want to show you something.
7:23 am
xfinity mobile: find my phone. [ phone rings ] look at you. this tech stuff is easy. [ whirring sound ] you want a cookie? it's a drone! i know. find your phone easily with the xfinity voice remote. one more way comcast is working to fit into your life, not the other way around. 'sleep number spring clearance event'. the dual adjustability of the sleep number bed allows each of you to adjust to your ideal level of firmness, comfort and support. your sleep number setting. for your best. sleep. ever. in the morning, you'll discover the amazing effects the bed is having on your sleep quality... your sleepiq score. and snoring? does your bed do that? only at a sleep number store where queen mattresses start at just $899. and, it's the last chance for clearance savings up to $600 on our most popular beds. ends soon. visit sleepnumber.com for a store near you. >> maria: welcome back. breaking news this morning, eu
7:24 am
tech crackdown. the european union issued new guidelines for technology companies saying they must remove terror and illegal content within one hour after it's flagged by authorities. joining us is ebbin ekert jane. we were talking about a bigger technology regulatory hand. are you expecting the rules and regulations to get stiffer for tech? >> it's a tough spot right now. technology companies in many ways have more power and influence on our lives than even governments. and yet we don't have the same kind of accountability structure that governments conceptually do. and so i think one of the things you're going to see over the next couple months or next year at least is either governments are going to regulate tech or tech has to regulate itself. unfortunately, i don't think we've seen that level of responsibility yet from the tech companies. >> say you're a tech ceo and we dealt with this in the u.s. too, not just europe, where we've had hearings in washington about it. >> maria: remember microsoft. >> to go back that far. in the present day, as we're
7:25 am
looking at these things, if you're seeing it come at your company, to your point about regulating yourself, how do you get ahead of it? >> there's a proactive and reactive approach. the biggest challenge is when you look at how much the tech companies shape the content and information that we all consume as citizens, obviously that's a tremendous effect on our political environment, our social environment, et cetera. the challenge is, there's no easy solution to just say here's the rules and here we go. there's so much gray area. but i think having even a third party group that's outside of the tech business with a set of rules, like any media company, like fox or any group has a set of clear guidelines. >> maria: like the business council in business. >> that's right. the problem is, it's a group of entrepreneurs trying to figure out what the right thing is for everybody else and frank lirks it's not fai -- frankly, it's nr to the founders and it's also not fair to the society to expect no regulation or no support.
7:26 am
>> dagen: i feel like they continue to -- these technology companies, particularly the social media companies, continue to over-step and at first it's oh, we rolled out the facebook live feature. we didn't know how people would abuse it with live suicides or violent crimes. but this past week people on facebook started getting this message about facial recognition. i don't know if you saw it. >> i did. >> dagen: hi, we're working on making facebook better, we're adding more ways to use facial regulation. you can find photos you're tagged in but haven't been tagged. they said it was off, which applies to features we may add later. so they were acting like it was an opt-in. mine was an opt-out. it's a huge -- i had to go in there and it was already on, and again, i just feel like that they act like they're nobel and doing no -- noble and doing no evil. they're being reckless and they know what they're doing.
7:27 am
>> maria: there's pushback on any conservative ideas. why is peter teal leafing san francisco and moving his business to l.a. he says there's pushback and unwillingness to hear any diversity of ideas. look at youtube, moderators employed by youtube to take off misleading videos. they removed several conservative content channels. what's going on with tech? >> it's not just conserve at thiconservativeviews. it's become an echo chamber of all ideas. you'll start to see some of the best tech minds moving out of silicon valley. you're seeing new york already boom. >> maria: you came to new york. >> i moved to new york. you're seeing peter teal and others moving to l.a. the more we see the proliferation of technology companies be outside of the one geographic area, it will change, because you have different perspectives, different views. we talked about this last month. when people in the valley start to think the biggest problem in the world, i think we talked
7:28 am
about the $4,000 treadmill last time i was here, there's a disconnect with some of the reality challenges there. but you still want the best and brightest minds to have the peoplfreedom to push the limitsf innovation. >> i'm not questioning whether social media companies have discriminated against conservative views. do you see that or do you think that's a mistake? >> there's individual bad actors in the system. that's the challenge. no executive would condone that kind of behavior or allow that in advance. if you remember when the one rogue twitter employee shut down president trump's account. the challenge is when it comes to major decisions you need to operate fast and at scale to give people autonomy to do that but you end up with bad actors. as we see the regulation and the penalties for the bad acting, it will force the companies to find kind of fail-safes for these kind of issues. >> maria: tell us about your new business, the future of renting.
7:29 am
you launched it yesterday. it's the newest launch. you found a solution for security deposits that you say were debilitating for so many apartment renters. >> if you remember, we're trying to find new innovation to help everyday folks. that's one of the areas that unfortunately not enough technology companies are focused on. when you look at the cost of renting today, people are spending upwards of 60% of their income on rent. and so our goal was, there's two parts, how do we reduce the upfront burden for people moving into a new place and how do we reduce the recurring monthly costs. with rhino, which launched yesterday, starting in new york, 23,000 renters are going to be able to get back thousands of dollars from their landlords that was locked away for as long as they rented. >> maria: because it was a security deposit. >> there's $40 billion that renters are locked away that they don't ever really get back because it goes from one apartment to the other meanwhile, 50% of americans can't afford a $400 emergency expense. starting now, people will be
7:30 am
able to file a claim, get back their deposit. it's a small $10 a month insurance policy that protects them and their landlord many we think giving people back thousands of dollars, you've got your tax rebate and you've got rhino. >> maria: that's great. >> if people are paying 60% of their income to rent and they don't have the savings so they need to finance the deposit, isn't that an argument that they need to pay less for houses? >> there's choices -- >> i know it's tough to find. >> you don't want to finance the deposit. i don't think people should take on more debt right now. that's part of the problem, right? we don't think people should have that financial burden in the first place. with rhino, there is no debt. there is no loan. you're buying a small affordable insurance policy because most renters aren't bad actors. there's no reason for landlords to be locking up $40 billion of people's money. >> maria: that's a great idea. another great idea from you. thanks for bringing it to us. >> thank you. >> maria: check out rhino. a change of heart on gun control, president trump says it's time for lawmakers to come
7:31 am
together on the issue. the back lash from his own party coming up. and then a new side to the former executive once known as the most hated man in america. why martin shkreli now says he's a a changed man. he's awaiting sentencing. back in a minute. ♪ start all over. ♪ i don't want to start all over again. i had frequent heartburn, but my doctor recommended... ...prilosec otc 7 years ago, 5 years ago, last week. just 1 pill each morning, 24 hours and zero heartburn. it's been the number 1 doctor recommended brand for 10... ...straight years, and it's still recommended today. use as directed.
7:32 am
7:33 am
7:34 am
>> maria: welcome back. good thursday morning, everybody. thanks so much for joining us. happy thursday. i'm maria bartiromo. it is thursday, march 1st. your top stories right now, 7:3. stocks are under pressure right now. futures extending earlier declines, dow industrials now down 90 points on top of a big selloff yesterday. we're expecting a weaker start to trading this morning. we're awaiting a second round of testimony from the federal reserve chairman, jay powell. today he speaks in front of the senate banking committee. a rocky end to the month of february for sure. stocks sliding across the board for the month. the dow and s&p 500 seeing their worst month of decline since january 2016. yesterday's close was a decline of 3 l 380 points on the dow. european markets lower this morning. fq100 down 2/be 2/3 of a perce. korea was closed for a holiday. the japan market nikkei average was down 1.5%.
7:35 am
it's that time of year, tax season upon us. treasury department is here to help. the agency has rolled out a new tax cut calculator. how it works, coming up this morning. martin shkreli calls himself a fool when asked the judge for leniency in sentencing. a new look for la cost. the company replacing its iconic alligator with endangered species. we'll tell you about it. levi's newest product will let you smell like albert einstein. whatever that smells like. we'll tell you about it. all that coming up this morning. but first, this. a bipartisan meeting on gun control. president trump and vice president mike pence gathered with lawmakers yesterday and weighed in on how to make communities safer in the wake of the florida school shooting. watch. >> take the firearms first and then go to court because that's another system, because a lot of times by the time you go to court it takes so long to go to court, to get the due process
7:36 am
procedures, i like taking the guns early like in this crazy man's case. >> literally give families the tools, law enforcement, my state has done, other states have done, to babe be able to take an to remove those weapons for either a set period of time or longer to make sure that person can't be a threat. >> maria: and like many people this morning, republican senator ben saas is questioning president trump's comments on due process, releasing a statement that reads in part this, we're not ditching any constitutional protection simply because the last person the president talked to today doesn't like them. joining us right now is grover norcrest. thank you for joining us. >> good to be with you. >> maria: you're a board member of the nra, yes? >> i am, yes. >> maria: what's your take on this? >> well, let me speak for myself, because the nra has spokesmen. when the president said taking people's property without due process was another system, he's
7:37 am
quite right. it is another system it's not an american system. he's been very consistent in his campaign, in his commitment to the american people that he would protect the second amendment and he would fight for lower crime by making it easier for people to have concealed carry reciprocity across state lines. there are a lot of things we can do to reduce the damage that somebody like this can do. he broke several laws. he should have been arrested earlier. that would have kept him from being able to buy a gun. it was a failure of the florida local police department, the exact people who have been on tv saying please look at something else. so we need to focus on things that will work. i understand when you're sitting and batting around ideas you can say things that aren't particularly what you meant to say. and that's why we have a house and a senate and the opportunity to move forward to make real progress dealing with people who are a danger to themselves and others, not go after law abiding
7:38 am
citizens. >> maria: the cameras were rolling. you say when you're sitting around batting ideas, you think he made a mistake when he said that. >> yes. i do not believe the president wanted to throw the constitution in the trash container. >> maria: i would think not. >> when the thoughts are thought there, he's been consistent and very serious about both fighting real crime and protecting honest citizens. >> dagen: take the guns first, go through due process second, though. that was a quote and he said it essentially more than once, grover. number one. number two, he seemed to come out against conceal carry reciprocity, which the republicans have been in favor of at least in the short run to separate that from fixing the background check system and also expanding background checks at the federal level to gun shows, making a universal background
7:39 am
check. why do you think he did that and do you think he'll come back around on pushing concealed carry reciprocity? >> he made that commitment to the american people when he ran for office and he's been very good about being consistent, saying he's going to keep his word when he ran for office. the argument that -- we need reciprocity so when you flew through new york, they can't get off the plane and arrest you. this is not in carry-on luggage, but in checked luggage. it's outrageous what has happened. we need to protect rights for all citizens. the president has made that commitment and he will keep that commitment. >> >> dagen: he was also -- he was for an assault weapons ban years ago. he was for it. >> maria: i think the president wants to show so much that he's a moderate and wants to a affect change that that's -- i think that's why -- he's trying so
7:40 am
hard to come across as i'm here and i'm not going to be handcuffed by any rules that were in place before. i want to look at this with a fresh eye. >> dagen: as a member of the nra, i want to push back on what we heard from the president because anybody who has listened to liberals over the years, grover, they don't want to just take away semiautomatic sporting rifles. they want to take away semiautomatic handguns in this country. handguns commit -- are involved in most of your firearms deaths in this country. that's why people who are proponents of the second amendment, who honor it, that's why they're concerned by this. >> maria: isn't it 80%, dagen? >> dagen: the vast majority of firearm deaths in this country are actually by suicide and it's less than 1,000 homicides are committed or firearm homicides are committed by long guns. >> we've seen this before. grover, i don't know about
7:41 am
taxes, but definitely on immigration, we've seen all of this before. the president makes a point like this, it's an interesting discussion to have, but i don't know how much it matters in a forum like this because whatever legislation is put forward, again, exactly what happened on immigration. it was really the president stood in the way at the end of the day on the bipartisan compromise, reversing himself from the comments he made in that meeting and he could reverse himself on the comments he made yesterday. >> maria: it was kevin mccarthy who said wait, mr. president. >> he tweets a lot. you want to look at the results. i wonder how this eastboun ends. is it just focused on keeping the mentally ill from guns? what comes from a all this. >> that's an interesting question. people that have mental health challenges that make them a danger to themselves and others, that should have been in nics. it was the democrats that kept it out in the 1990s. nra thought it was a good idea.
7:42 am
the other guys thought it was stigma tizing people. that's a democrat problem. for decades we lived with their mistake, the national rifle association and the republicans have always been willing to change that and the democrats are trying to tell you to look some place else. let's fix that problem and let's not have gun-free zones that make students a target because parents and administrators don't have the ability to carry concealed in schools to make them safer. we want safer schools. the left just wants gun control. that's why the conversation is so odd. we're talking about how to make schools safe. and they just want to steal people's guns and they've been at it for decades. so we kind of know where they're going. >> maria: that's the conversation right now, gun control, even though we know how many times the signals and the signs were there, particularly about nikolas cruz. and it was a massive failure on the part of the fbi and the local police. we can't have you on without talking about tax reform and
7:43 am
growth, grover. i've got to ask you -- >> that's what i assumed we were talking about. >> maria: we had to get into the issue of the day. let me ask you about your thoughts on growth. companies are buying back their stock at a quicker pace following the cut in corporate taxes. shares buybacks have exceeded $200 billion in the past three months. what do you think about that? look at the atlanta fed going from 5.4% growth, now they're at 2.5% growth that they're expecting. we also saw gdp number that came down from the third quarter. now we're talking about growth of 2.5%. has your expectation changed of economic growth of 4% in 2018 and where we are right now? >> i think we're looking very -- moving forward very well. the really good news is that companies are doing stock buybacks. why does that matter? that means the company's looking to bring $1 billion back from overseas and saying what's the best way to spend $1 billion?
7:44 am
buying a new company? starting a new line of business if? or is our business so good that we want to invest in us. that money doesn't disa appear. they buy the stocks from somebody. the new investor reinvests that money to his or her highest invest value. the money doesn't disappear in a buyback. it moves between investors. it's a company saying we think we're the best game in town. i want to be invested in a firm whose management thinks the best thing to do with $1 billion is to invest it in themselves because we think the future looks so good. >> the journal story from the news side of our paper did note a lot of ceos along with planning buybacks also talking about more capital investment, grover, which is really that's going to be the test of this tax reform, right, is higher investment because we're rewarding more investment in the united states. >> we're bringing more capital in from overseas and more from the united states, per worker that gives you productivity increases, that gives you higher
7:45 am
wages. >> maria: it's positive on this tax plan. >> absolutely. >> maria: stay with us. we'll be right back. me when this guy got a flat tire in the middle of the night. hold on dad... liberty did what? yeah, liberty mutual 24-hour roadside assistance helped him to fix his flat so he could get home safely. my dad says our insurance doesn't have that. don't worry - i know what a lug wrench is, dad. is this a lug wrench? maybe? you can leave worry behind when liberty stands with you™. liberty stands with you™. liberty mutual insurance.
7:46 am
7:47 am
ythen you turn 40 ande everything goes. tell me about it. you know, it's made me think, i'm closer to my retirement days than i am my college days. hm. i'm thinking... will i have enough? should i change something? well, you're asking the right questions. i just want to know, am i gonna be okay? i know people who specialize in "am i going to be okay." i like that.
7:48 am
you may need glasses though. yeah. schedule a complimentary goal planning session today with td ameritrade. >> maria: welcome back. new questions this morning about why the fbi let a suspected hacker leave the country. lauren simonetti has the details. >> lauren: the fbi apprehended the suspected hacker as she was trying to board a plane to pakistan carrying what appeared to be an illegal amount of cash. here is her husband, he's awaiting trial on charges of fraudulent procurement as well as bank fraud. he is also suspected of hacking the computers of numerous house democrats. he's due back in court next thursday. self-proclaimed pharma bro martin shkreli is asking the judge for mercy admitting to being a fool. the judge ruled he was responsible for $10.5 million in losses in a securities fraud scheme. he wrote a letter he wrote, i
7:49 am
was wrong, i was a fool, i should hav have known better, ie learned a harsh lesson. this has been a frightening wake-up call. i now understand how i need to change. he he was convicted of cheating investors in two failed hedge funds back in august. he remains in jail and faces up to 20 years in prison. lacoste is throwing the power of its brand behind endangered species. that are making a limited edition polo shirt that have 1 0 endangered species. sales will go forward conservation efforts. how to smell like a genius, perfume company in new york claims they came up with the scent of albert einstein. here's the catch. you actually have to buy a
7:50 am
re-bring careplica of the levi'e wore. the perfume and the jacket can be yours for $1,200. interesting. >> maria: it can't possibly still smell. >> or it could, but i don't think we would want to smell like whatever it smells like at this point. >> maria: okay. >> i'll just go stand by you guys on the panel to smell like a genius. >> maria: still ahead, growing a dream. i'll talk with country star and army vet craig morgan about his new dream project and his new series. back in a minute. ♪ when old glory flies. ♪ we still hold our hand over our heart. we're facing 20 billion security events every day. ddos campaigns, ransomware, malware attacks... actually, we just handled all the priority threats.
7:51 am
you did that? we did that. really. we analyzed millions of articles and reports. we can identify threats 50% faster. you can do that? we can do that. then do that. can we do that? we can do that.
7:52 am
7:53 am
sure. momwhat's up, son?alk? i can't be your it guy anymore. what? you guys have xfinity. you can do this. what's a good wifi password, mom? you still have to visit us. i will. no. make that the password: "you_stillóhave_toóvisit_us." that's a good one. seems a bit long, but okay... set a memorable wifi password with xfinity my account. one more way comcast is working to fit into your life, not the other way around.
7:54 am
i'm not one thing. i'm a bee keeper. i'm a husband. i'm a father. i'm a business owner. so i am a lot of things. but i am the guy next door. ♪ >> maria: that was great. it was a clip from "family strong" featuring country music star craig morgan and his family on tour, and coming together to build their dream project. it premiers tonight 9:30 p.m. eastern on up tv. joining me right now is the man himself and his daughter, craig and his daughter, great to see you. thank you for joining you 678 congratulations. tell us about the gallery at morgan farms. >> it's not what you would think. we've had so many people. maiaskingwhen we will have our s
7:55 am
out and those kind of things. it's not that type of a story. it's a gallery. we feature art, artistic pieces. all of the wood pieces i make myself, hand made from repurposed, reclaimed wood. we don't just sell bowls and spoons. every piece has a story. we know where it came from. some of the pieces that are featured i made from a tree that jim ed brown, country music hall of fame, he planted the tree. it died and they cut it down and i make stuff out of it. >> maria: how do you like working with your father? >> it's awesome. running a family business is really cool. running a family business in light of his career makes it a little more challenging but it's really cool. everything in the store is made by somebody in the family. that's really cool that we can bring our talents together and distribute them. >> maria: which is why it's getting such a great reception. morgan farms came together around the tragic loss of your
7:56 am
son, jerry. rather than turning to music, you turned to woodworking. >> music is a big part of my life, obviously. but i don't know, there's something very spiritual about time with yourself, with a knife and a piece of wood, carving something out or -- >> maria: therapeutic. >> it is very therapeutic. a lot of our veterans make walking canes. there's a program at fort campbell. they car eve carve out differens on walking canes. i knew it was important my family focus on something, aside from our faith, we're a very spiritual family and a tight-knit family but w needed d to focus on something else. we started this brick and mortar store. the two of ows started it and we're the two doing the least amount of work. >> maria: you can get this wine there. >> you can order the wine off lot18.com. you can order it through the
7:57 am
store. but you can do it from your house as well. >> maria: having a family business you said it fun to start with. but working day in and day out with the family, i mean, it's got to be important to you to actually see this is not just fun, but you're actually creating profits and it's a business. >> for sure. i think some of us keep that in mind more than others. but it's been fun to learn how to run a business and then how to run a business together. it's two totally different things. sometimes the bills get pushed aside and you've got to run those to get them paid. >> maria: the music career is live and strong. >> i'm blessed with the career i have in the music business, in the process of working on new music right now. working on a new album. it's exciting. there's a lot going on. i'm very fortunate to be able to share it with my family. >> maria: we love this. great to see you both. thanks so much for joining us.
7:58 am
today, the new new york is ready for take-off. we're invested in creating the world's first state-of-the-art drone testing facility in central new york and the mohawk valley, which marks the start of our nation's first 50-mile unmanned flight corridor. and allows us to attract the world's top drone talent. all across new york state, we're building the new new york. to grow your business with us in new york state, visit esd.ny.gov. to grow your business with us in new york state, i want you to pick a new truck for your mom or dad, knowing that they could possibly pass it down to you one day. cool. but before you decide, you should know
7:59 am
that chevy silverado's are the most dependable, longest lasting full-size pickups on the road. which means that ford f-150s are not. (laughs) which truck would you pick? the chevy. the chevy. the chevy. there you go. boom. that was obvious. plus it looks cooler. no doubt about it. now they know what to get me. (laughs)
8:00 am
>> good theirs morning thanks for joining us. i'm maria bartiromo, thursday, march 1 top stories right now 8:00 a.m. on the east coast. the bears winning the month 2, dow ended february in sour note falling nearly 400 points yesterday the worse since january 2016 for dow and s&p 500 snapping 10 month winning streak for both indices longest since 1959. futures this morning, are indicate further losses this morning take a look we are at lows of the morning dow industrials down 100 points right here, a third of 1% s&p
8:01 am
500 down 7 1/2 nasdaq down 13, futures indicating we will have another weak start this morning, we are watching key remarks from jay powell as he testifies before the senate banking committee this morning in europe, the this morning we've got weakness as well take a look, are european indices fu.t 100 down 3/4 of 1% cac quarante. dax index down 1% apiece right now asian, markets south korea closed for a holiday nikkei average in japan down one and one half%, getting tough on guns, president trump telling lawmakers they need to come together, on gun control, regardless of outside pressure. >> we are determined to turn grief into action i really believe that, i think that the people at this table want it will i have been here a little more than a year but surprises me more than anything else nothing has been done. >> debate coming as companies take matters into their own mandz walmart saying it will stop selling guns to anyone
8:02 am
under the age of 21, more on major changes are retailers making this morning, trade in focus, the trump administration, reportedly invited steele aluminum inclusives to the white house details as "the wall street journal" reports announcement could be made on curbing imports tariffs. >> monitoring bitcoin, sec issuing subpoenas as it looks to get a tighter encrypt on cryptocurrency market, eu on line crackdown eu issuing gliendz for technology companies facebook google saying remove terrorism illegal content from site do it fast, straight ahead, stories coming up thursday morning joining me to talk about it fox business network dagen mcdowell, fox is about network collin mcshane, stephanie pomboy joining the conversation great to see any thank you so much for having me. >> you are welcome. >> thank you. >>c good morning. >> still here. >> we have a lot to talk with you about stephanie you have been really cautious on the economy. and now we see, once again,
8:03 am
you were right. gdp came out this week 2 1/2% that is down from when a we saw third quarter 3 and a quarter percent what is going on. >> well, i mean i think, as we talked about before it is the credit side of the story it is really the story that no one had been focused on until just recently. and that is why i keep coming back to the idea that, you know, all the focus on -- policy -- >> has. >> to my next pick -- >> and nobody -- >> [laughter] >> so the credit. >> i can't the monetary policy more impactful than on fiscal front that really has gotten loss in the shuchl over the last several months lost in the shuffle now starting to come toet fore, most on back of interest rates but quantitative tightening huge headwind for growth i think partly of what is driving this
8:04 am
weakness, you know the u.s. economy depends on credit to move forward, right now, households borrowing 99 cents for every incremental dollar the idea you can make borrowing more coastal and accelerate growth at the same time a challenging proposition. >> quick point to bring together i think trade a big one today, as we talk about higher prices higher interest rates potentially higher inflation dagen brought up protection protectionist trade policies remain to be seen how far along that path we get aluminum and steel today to add to washing in issues in and of it's you inflationary leads to higher prices people in general dealing with -- paying more president seems willing to trade some for jobs short term jobs for you prices see if it works out so that bee biggest risks we laid out end of last year on this
8:05 am
program, were fed policy, mistake by traditional bank protectionist trade policy, and some sort of geopolitical event so far looks like two out of three. >> really does we are going to talk more about that we want to see where things are going because there is a feeling that that impact of a tax cut plan is going to have a long runway, it is going to benefit longer term not just short term we will see about that i want your take on that joining the conversation is council to president kellyanne conway her take on president trump's meetings gun safety white house shake up more don't miss that this morning, first top story markets closing out february in red uservice markets closed lower in a volatile session with dow and s&p 500 logging woergs monthly performance in 10 months nasdaq weakest since october 2016 the day yesterday, down 380 points on dow, now this morning, we are waiting on testimony from federal reserve
8:06 am
chairman jay powell he is to take questions before senate banking committee stephanie take on volatility that we're seeing what jay powell may say impact on markets. >> volatility and turns in credit cycle volatility liquid move hand in hand if you take marriage credit aw-- mar engine will dollar not surprising on credit side as for powell, i think the reaction, do his initial testimony was perhaps a little too extreme because if no atheists in foxholes one of thing we know no hawkish central banks in down stock market he can sound really -- hawkish give 10%, and they will hit the mics and it will be a much more dovish tone.
8:07 am
>> nothing that we didn't know right we look in testimony on tuesday, okay. so maybe he suggests 4 interest rate hikes didn't actually say that, by the way. >> right that is what -- >> the markets. >> good point. >> you never -- he said the economy is doing better that yeah, inflation is going to become issue at some point. >> he can't be perceived as pansy first act central bank chairman he is following janet yellen, instituted this, if he as first move blinks, you know, he really sets himself up his reputation up. >> kind of talks like a normal guy not economist not a normal person but you know through greenspan testimony years ago, even bernanke, generally speaking like more -- natural way of saying if he thinks things are going to going to say it facial optimistic people overread into that the, of course, going to raise rates four times maybe that is not the case if district doesn't work out looks like
8:08 am
relatively on mystic guy may be his nature. >> you said if you were fed chief would do nothing. >> this year. >> given the state of the economy. do you think that the federal reserve because we talk about the concerns about inflation and federal reserve ov overreactinging continuing down road reducing balance sheet more than 400 billion dollars this year do you think at some point have to reverse course and not three or four interest rate hikes it is two. and they change course, on those reduction if the economy slows if inflation doesn't pick up. >> how far into the bear cage do you want me to drag us? drag us. >> you want to hear what you say, exactly. >> where do you -- >> you know -- [laughter] >> where are you living? >> where do you life, good way to put it. >> well, absolutely, i mean i think that to be honest, i -- when you talked about potential for 30% correction from here, and stocks to bring
8:09 am
market valuations back to let's say 10-year average p.e. norms so that is a pretty substantial -- >> goldman thing i am sorry 4 1/2% something like that. >> no maria: that was ridiculous, i agree with you four and a quarter% goldman with report stocks will sell off, if 10ier he is 4 and a quarter percent no kidding no considering iedh no kidding. >> 3.03 on 10 year lead energy bust sufficient backup in rates on taper tantrum, iopinion responsible for bursting bubble gent on free money financing new producers who otherwise wouldn't have been able to be viable, but so you know to dagen's point i
8:10 am
definitely think there is a risk the biggest threat to the economy right now is the stock market, if the stock market corrects back to normal valuations when one would think and ninth year of bull market might very well happen lucky to go back to normal not reverse below that. then, powell has a situation on his hands, we have pensions that are 3.8 trillion underfunded now. this massive boom in financial assets i mean it is stunning, we have siel ently bankrupted generation of retirees pensions going on with ge not an exception, that is the rule. >> you know we need to explain why ge matters. because this is an important point that you bring up wait a minute ago you said not out of the realm to see a 30% correction in stocks. would that be over a couple days would that be a year? what is your timeline on this. >> i am told never forecast direction and time.
8:11 am
so let's just say, i mean i think hopefully wouldn't be over -- well actually might be better if it with a couple days then we could move on but is it -- >> you are expecting that pain this year. >> i mean -- i don't know if we get 30% this year but i expect markets to close lower meaningfully in 2018. dagen: wi wipes away because of welt effect if you get a protracted sustained decline in stocks, it wipes away the impact of the tax reform. >> 10%. dagen: complete, just 10% i think goldman takes a little bit further but, again, that tax reform in the short run, is worthless if you get a decline in the stock market and, again, as the fed is -- is tightening monetary policy that is what happens, is the air comes out of all of these asset bubbles. >> this is the thing islets keep it simple, right a qe inflated financial asset and
8:12 am
lowered rates qt shouldness take that money out i mean not like you can being have both the acquit accelerate and asset prices go up, when you are taking the credit underneath both of them away. >> think if all things you just -- question if not when ordinary of magnitude timing, political ramifications to that midterm this year as other people who disagree with timing on this would say could you make a argument all this is put off if economy looks good this year next put off until a reelection year potentially for president 2020 that is why timing matters. >> timing is huge, i guess the early indicators are a little concerning, you know i have been watching the february data like a a hubbihawk tax imp hit paychecks weekly retail sales numbers show no acceleration since january. so it is running really the same pace surprising because
8:13 am
january is you will recall, was disappointing for retailer seams on top of december, so you know, it is really not looking super good mortgage applications -- >> january is usually not great, after a lot of spending happens in december but now this new conversation about trade. . seems accelerating this word trump administration asking steel aluminum skufs to white house telling them -- according to journal what ross told me in january, listen to this is. >> we have proposed to the president a variety of kinds of actions that he could take in either case. of then he will among them or choose something different you cannot allow our companies to be destroyed by unfair competition. it is a level-playing field, they can make a better product or cheaper product fine they should win they should not win
8:14 am
just because they subsidized in dumping. >> what do you think. >> i don't think protectionism is bullish for economy or market has me nervous. maria: dagen worried about what president may do is if. dagen: if you start to see mounting concerns was i worried when they slapped tariffs on solar panels washed machines a microcosm of a broadtude it should not come as a surprise we talked about this at listening, on the campaign trail, nevertheless, at a time if markets are really concerned about inflation, and job creation, you are going to make it more expensive, for a samsung to build washing machines in the united states wasn't just tariff on washing machines a tariff above certain level on parts to assemble them those are american jobs goes again costs going up. >> i am hearing that there are leaders right now in
8:15 am
washington from china, wanting meetings at white house, to try to talk this president back from doing these tariffs we take a break when we come back a lot more right here. stay with us. new place. oh thanks. yeah, i took your advice and had geico help with renters insurance- it was really easy. easy. that'd be nice. phone: for help with chairs, say "chair." phone: for help with bookcases, say "bookcase." bookcase. i thought this was the dresser? isn't that the bed? phone: i'm sorry, i didn't understand. phone: for help with chairs, say "chair." does this mean we're not going out? book-case. see how easy renters insurance can be at geico.com.
8:16 am
8:17 am
maria: you eu stepping up pressure on marriage american tech companies to remove terror content from web sites lauren simonetti with details headlines. >> maria eu regulatory issuing sweeping guidelines to tech companies like facebook and
8:18 am
google calling for terrorist content to be removed from the internet wonder one hour after its flagged european governments demanding internet be held comfortable for information on platforms tech xoenz say guidelines could infringe on freedom of expression they say they are stretched thin meeting existing demands. stick in europe far right french leader will hemen facing preliminary charges for tweeting brutal images of islamic violence one from december 2015 shows beheading of american journalist james folly, le pen has not commented but called early phase political interference if convicted she could face three years in prison 90,000 dollars in fines, le pen lost the french presidential election to mcron -- macron last year. >> broadcom's battle to
8:19 am
acquire qualcomm, qualcomm board issuing a statement, saying that broadcom's offers under value the company and they are urging shareholders to reelect all 11 qualcomm directors adding it is not in shareholders best interests, to elect broadcom mom northeast without a meaningful discussion on price and other matters. broadcom louder hostile takeover bid for qualcomm after qualcomm k raised its bid for semi cop duckors shareholder get a chance to vote on what could be biggest merge next week lower in premarket qualcomm lower ahead of the opening bell, we are actually you just turned hire up a third of 1% shares of newell brands that stock higher in premarket after activist over very carl icahn took a position. >> the "new york post" reports
8:20 am
could help give icahn a key role deciding the winner of proxy fight shares surging 7%, kevin smith still recovering from a massive heart attack has been forced to defend actor chris's fate this is what he tweeted we don't know each other too guide loved you since clerks i am preying my ploo bleep off for you critics tooked pratt for prayers he came to defense responded to chris pratt please don't fight over stuff like this a waste of time religious or not someone saying i will pray for you is good intentions. so a imagine that having to apologize for wishing someone well? pray for them.
8:21 am
>> thank you lauren navy investigates report on military aircraft, cockpit problems reportedly left pilots blind freezing next futures we are expecting a lower opening for the broader averages on top of 300 plus point decline yesterday, back in a minute. stay with me, mr. parker. when a critical patient is far from the hospital, the hospital must come to the patient. stay with me, mr. parker. the at&t network is helping first responders connect with medical teams in near real time... stay with me, mr. parker. ...saving time when it matters most. stay with me, mrs. parker. that's the power of and. 'sleep number spring clearance event'. the dual adjustability of the sleep number bed allows each of you to adjust to your ideal level of firmness, comfort and support.
8:22 am
your sleep number setting. for your best. sleep. ever. in the morning, you'll discover the amazing effects the bed is having on your sleep quality... your sleepiq score. and snoring? does your bed do that? only at a sleep number store where queen mattresses start at just $899. and, it's the last chance for clearance savings up to $600 on our most popular beds. ends soon. visit sleepnumber.com for a store near you.
8:23 am
8:24 am
maria: navy investigating incident that left two pilots blind and freezing, after cockpit temperature reportedly plunged to minus 30 degrees fahrenheit the o appointments flying to naval air weapon station china lake in california back in january, according to defense news, want to bring in former navy intelligence officer fa-18 fighter pilot.
8:25 am
>> i have spoken with pilots in f-18 t-45 about problems with what is called physiological ep soerdz impaired flying might become dizzy pass out, because of problems that happened with the environmental control system, and the oxygen systems in f-18's an expectation, that the navy is going to give them a better than average chance of being able to get back safely this is as exam pell people very concerned about safety, in this case different than we've seen before pusherization system prokz i have in time f-18 pilot never heard of something like this happens, but essentially the system that controls the pressurization dumped on them temperatures went to the point things were freezing in cockpit the pilot and the
8:26 am
warfare officer this version of f-18 called ea18 electronics warfare version of f-18 essentially, the aircrew used a garmin watch and road talking to people on the ground, to be able to navigating these garmin watches navy decided having problems with pressurization issued to pilots 450 dollars some before the navy was doing that were buying them on their own they give indications of pressurization also altitude indications but as a pilot i know that a watch can -- is not certified to give you proper altitude information amazing they made it back safely i spoke to navy official this morning tells me one pilot returned to flying status, the other one has not yet they had frostbite. >> incredible nothing to do with fact the resources were so slow --
8:27 am
>> i am glad you asked that i visited naval air stations where they headed up effort, what they told me what admiral joyner put in charge of running the effort to fix the physiological episode problem told me navy is taking unconstrained resource approach that they are not going to save any money on trying to fix this problem, but i just also recently learned joyner is reassigned to joint staff navy has not named a replacement, one of the things navy did when they had this problem, when they realized it was a big problem they said we're going to solve this putting one person flag officer in charge of solving it now who is going to run that program we don't know, but you remember goes back toe we started really talking about this april, when t-45 pilots refused to fly because they felt like proper attention was not being given to the problem, and people were coming back, feeling dizzy. >> we know sequestration what
8:28 am
it did for military the navy jack keane said many times 60% planes in the navy are not about flyable. >> complex systems with a lot of moving parts of different parts, that is one of the issues with this as aircraft age can they give proper maintenance the -- can they properly maintain systems test systems navy has been doing is taking systems when they fail, out of the jets sending them to the river i asked is that system in from this jet the navy was not able to answer that for me. >> thank you lee,a gabrielle i will talk with counselor to the president kellyanne conway her take on president trump's meeting on gun safety white house shake up lower. >> best buy charged up beating quarterly earnings revenue expectations on move up almost 4% break down numbers next, back in a minute. ♪
8:29 am
♪ .
8:30 am
8:31 am
>> happy thursday welcome back thanks for joining us. i'm maria bartiromo. it is thursday, march 1 top stories right now 8:30 a.m. on the east coast. stocks are are in pressure about take a look at futures
8:32 am
extending deadline earlier, of course, yesterday dow industrials expected to be down about 90 points the start of trading this morning, nasdaq, s&p 500 also in the red. investors awaiting a second round of testimony from jay powell, this after a rocky end to the month of february, stocks sliding across the board, capped off terrible day yesterday the dow k s&p 500 seeing worst month of declines, since january 2016, decline yesterday of almost 420 from the dow down 1 1/2% yufrn markets lower this morning, on heels of the weakness, in u.s., economic data out in germany ft 100 down 3/4 of a per went cac quarante down 1% dax down 1 1/2% innub asia overnight mixed korea closed for a holiday but japan was down, worst down 1 1/2% on nikkei average. >> corporate america action on guns, wal-mart says it will no longer sell guns, to people under the age of 21. this president trump sparked controversy yesterday with comments on due process,
8:33 am
during a meeting with lawmakers at the white house. >> take a firearms first and then go to court because that is another system, because a lot of times by the time you go to court takes so long to go to court, to get the due process, procedures i like taking the guns early like in this -- crazy man's case, that just took place in florida. he had a lot of -- everything to go to court would have taken a long time you can do what you are saying take the guns first. maria: closer look at debate coming up this morning, then o losing hope the communications director hope hicks announcing resignation fallout from west wing shake-up coming up best apply a winner on wall street the retailer better-than-expected same stole sales holiday quarter coming up this morning we want to kick off here, with our top story that is gun control, president trump is set to unveil a blueprint of begun safety reforms he supports today, a day, after publicly sparring with lawmakers in his
8:34 am
own party over legislation details, blake burman at white house right now with the very latest make. reporter: good morning to you incredible 3407ks yooidz yesterday between president and lawmakers, here at white house taking guns away from the mentally ill before a court would be able to intervene delaying the issue of concealed carry reciprocity, increasing age to 1 for long gun ownership those ideas not floated by the democrats in the room rather floated by the republican president and president trump told his republican colleagues not to be afraid of the nra. >> they have great power over you people, less power over me what do i need? i tell you they are well-meaning i am telling you i think there -- they are there some of you people petrified of the nra you can't be petrified. >> wal-mart jumped into debate yesterday by announcing it will no longer sell guns or
quote
8:35 am
ammunition to anyone under 21 years of age. the company saying in a statement, quote we take seriously our obligations to be a responsible seller of firearms say our heritage of the company has always been in serving sportsmen hunters, we will continue to do so in a responsible way, the wal-mart announcement also came after dick's sporting goods made similar murders easures as well is expected to be unveiled at some point 11:30 meeting on school safety, we believe today or tomorrow, he will put out his proposals as to what he wants to see happen in reaction, to the parkland shooting a lot of this he talked about including he will flesh out we are told his plans to have some teachers in school carry guns. maria: thank you blake burman with the latest there white house, joining me right now council to the president kellyanne conway, kellyanne good to see you thank for joining us.
8:36 am
>> good morning, maria. maria: we want to start on gun safety school safety but this comment from president trump yesterday is raising eyebrows listen to this your reaction. >> a lot of times by the time you go to court takes so long to go to court, to get the due process, procedures i like taking the guns early like about in this -- crazy man's case that just took place in florida. he had a lot of -- everything, to go to court would have taken a long time you can do exactly what you are saying but take guns first go through due process second. >> obviously, this is a very troubling comment, what did the president mean exactly by that is he ignoring the constitution? and taking someone's property before due process? >> no, not at all, the president respects the constitution, including the second amendment and, a members cht nra for law-abiding peaceful gun owners what the president is saying in light of parkland he made very clear, that he said
8:37 am
as we're talking about this person in florida, in parkland everybody so frustrated at breakdown in the system the fact that this individual was known to local law enforcement federal law enforcement, this individual all over social media showing off, his firearms threatening to do exactly what he ended up doing. to many different threatening making threats the presence of many different people so with that as backdrop let's be honest is what spurred this conversation in the first place last 15 days backdrop the president is saying sometimes processes take too long talking about a case such as this, when we hope is extreme case all should agree very tragedy if not avoidable case. >> i think that obviously the signs signal there were a massive failure. on the part of the fbi, and the local police. but is president going to clarify that he in fact is not going to ignore the constitution and take
8:38 am
somebody's property before due process? >> the president told me last night that there are elements mercy that he sports he likes fix nics the idea preptsdz five years ago by senators manchin toomey after the tragedy in if sandy hook newtown, connecticut never got passed last administration at least this president is holding forth for everyone to see, in a session this is what leaders do so that everybody can see how the conversations unfolding with their members of united states senate, right in front of them he did it on immigration on taxation number of issues, health care certainly and now doing school safety remember the point here, maria is school safety, you anybody came to white house yesterday thinks cigarettes about gun grabbing gun control mistaken they know it president says gun g small
8:39 am
educators willing to do its gun adept governor scott talking bulletproof glass stronger locks metal detectors we heard single pointed entry in schools many options on the table this congress, better act, not overreact. >> look, the president did very good job at listening session i almost feel like yesterday he was trying so hard to appear that he is willing he is going to be in the middle of the road willing to make changes to answer the upset over these school shootings, but doesn't he have to be careful not to step on due process? this is us america, the constitution. and with a he said i almost feel maybe was for cameras and i mean you are saying he didn't mean that. >> no, i didn't say he didn't i mean that no, no maria what i said. >> due process, blowing off due process. >> the third time going to say it.
8:40 am
this is in response to that shooter in parkland, and everybody is asking themselves -- and many through grief having buried children, unnecessarily. and tragically they are asking how in god's name does stuff like this an happen the president is saying in the case like this guy up of got to -- play whole cliff at least ywhole clip said why didn't he get -- look what happened in parkland. maria: i want to say something important -- >> also, you maria. maria: you got it. >> we are also a telling people including in our hometown new york telling people if you see something say somebodying, if you see the something, people did see something they did say something expect others to do something, and people who are in a position to do something did absolutely nothing. again and again. and this president is going to do something. maria: a tragedy you are absolutely right turn to jeff sessions the attorney general issue, because, he seems to be
8:41 am
on to defensive now after the president tweeted about new probe into alleged fisa abuses or let me correct that jeff sessions asking ig to investigate says did inspector general will investigate these massive fisa abuses and abuse of power, he says we will take forever has no prosecutorial power late with reports on comey isn't ifbi op guy why not use justice department lawyers wrote griff jeff sessions fires back for the first time we have issue negotiated appropriately process will ensure complaints against this department will be fully fairly acted upon if necessary as long as attorney general i will discharge duties with integrity honor this department will continue to do work in fair manner according to law and constitution where do things stand between president and attorney general i have been vocal about the fact where jeff sessions we have
8:42 am
reporting on abuses top of fbi corruption at top, and the abuse of power, and the omission of key information to the fisa court no doubt about it should not the president be dealing with this, between he and jeff sessions privately why call him out on twitter? >> the president has very frustrated about this entire what he call witch hunt and hoax the entire investigation 37 and look you don't you don't need to look further than the two memos that were put forth by republicans and democrats with respect to fisa to profile everything wrong with system that fisa application excluded very important facts that is frustrating to everyone should be never bothered to tell court clinton campaign is dnc paid for phony dossier amounts to roll ofpaper towels not completely verified did not bother to tell court getting that fisa application. >> you are absolutely right who was investigating this, are you -- i mean will ig
8:43 am
investigate this will there be accountability here? >> the attorney general feels that itto best to have ig do that go back to what president is saying broadly for almost a year we've had what he considers to be a witchunt a hoax. maria: yeah. >> bay, you know this president said there is no collusion they can't approve collusion you have had people leaking left right center. >> right. >> by the way, for 227 times you amended schiff ranking member the democratic ranking member been on tv last year, how many times has he mentioned school safety anything other than never under oath on tv holding forth saying whatever he feels like saying none has been verified nonamounted to anything that touches the president at this point great frustration but we hope there is accountability, in the process, the fisa warrant, the upper levels of the organization not 25,000 rank-and-file fbi, they do
8:44 am
great job that is new fbi director president put him there we know that he is going to do a great job. maria: we agree want accountability on this absolutely right let me ask you this because -- >> let me -- >> -- he is going to be here today, the attorney general will be here today, opioid summit at white house first lady will kick it off great the attorney general, is one of six cabinet secretaries here today -- talking about all the great -- >> we've got to move on, the attorney general last week told me that there are 27 open investigations into leaks what i want to know from you is did the dems set up in that testimony where they basically set her up to say sometimes i have to tell white lies likes in a meeting when not in a meeting, and now she is leaving which a is the story with hope hicks resigning? >> hope has been at this for three years, i mean there is nobody who has been more as if
8:45 am
i think -- fastidious loyal for president trump president-elect pr three years unbroken service to this president and to the country, the last 13 months, she is a new yorker like to be home with family and she is i know that she has got the president's respect, and she has the president's gratitude he made that very clear to the world yesterday the president spoke for all of us who had privilege pleasure working with hope, in my case being her friend getting to no her work closely with her has nothing to do with testimony from the day before what should bother everybody about about what you said a leak coming from -- we said before. >> more leaks in testimony, again more elaboration. >> what congress peter king in there said peter king of new york i will tell you go ahead look at his clips what he said he felt hope was very forthcoming but you've got people lying characterizeing the media runs with it without
8:46 am
verifying it. >> there is article in dailey caller basically saying democrats set her up there answering questions being honest they brought up white lies walk out of the meeting next than any you know on cnn, should worry people that folks they have hired to represent them in united states congress are so busy voting against tax cuts voting to shut down government, and not and sitting on hands literally 12-year-old boy honored to save ipo flags an 40,000 veterans' graves should worry them instead they run to cameras friends in media leak confidential information from testimony that just happened should bother everyone. >> we want accountability, we want to know why this stuff keeps leaking adam schiff on speed dial at cnn, telling what dame came out of a classified meeting we have breaking news grofrer hitting tape going to accept selling
8:47 am
guns to buyers under 21 on top of walmart dick's sporting goods is this what companies should be doing i mean this is not the law of the land yet, i know the president has he thinks m it but these companies are going ahead of the law saying why not selling guns to anybody under 21 good move. >> president mentioned that that is what free market system allows each company makes decision on number of issues based on how board feels shareholders, management or maybe rank-and-file. but that is free market allows if people don't like it they will walk and go to a different store. >> the president has made clear that he thinks raising the age for the purchases some firearms is something that is legitimate issue to exam but these businesses taking action the way on any number of things some businesses, get health care better many the growing number over 300 some companies invested directly in workplace workforce great tax
8:48 am
cuts repatriation that they have been able to benefit from, because of the this president and congress' leadership there too single party vote not a single democrat voted to cut taxes, in cameras though to leak confidential information testifier in the room think about that in terms of companies they have to make business decisions on any number of issues so they are making response again what are they responding to to, not responding to the second amendment to law-abiding sigs possess firearms responding to what -- a. >> is that legal kellyanne companies doing what they want even though the age is 18 right now? >> they are increasing the age saying in other words, somebody challenge it they are saying they a constitutional right to purchase a firearm, at the age of 18, in dick's walmart may have a constitution right to do that can't do it in three stores they can do it elsewhere i am sure there will be some kind of challenge there seems to be
8:49 am
litigation for everything, but i think what a 24 says maria is an illustration, of the action that individuals and organizations are taking in response to again i have to say it, school safety. the president tells three or four major meetings now governors affected families law enforcement officers and educators and yesterday with bipartisan groups of congress and senate or senators, he is saying to them he is saying to everybody we know we have to do somebodying, let's be careful about what something is but companies in mix of this reacting some trying to boycott the nra you see a lot have gotten backlash by doing that. maria: yeah. >> why are you doing opioid summit today? >> so the summit in works for a while the schedule, six about cabinet secretaries not easy active results oriented cabinet i want to showcase the progress of the administration, because this
8:50 am
president tasks his entire administration to get on the front lines an try to combat opioid crisis korgsd haven't prevention, education treatment recovery law enforcement. >> it is good to hear exactly comha happened will happen with vision moving forward first lady will kick it off very committed to wellness of children including on drug demand drug supply crisis i will teleyou six billion dollars in to budget cap announced few weeks ago historic amount we have never seen anything like that nonpartisan -- >> i've got -- too much spending 300 billion dollars spending last budget i recognize opioids important and you want to make a mark here, but are we breaking the bank? >> so there are treatment recovery there is interdiction law enforcement.
8:51 am
>> obstruct illegal drugs, let's tell youth to the o to start in the first place we need to give resources what they need dea agents ctb, need better resources ignored. >> thank you so much kellyanne conway, we will see you soon.
8:52 am
♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver.
8:53 am
8:54 am
. >> have a that was from a 2004 film super size featured man would become a guinness world recorder holder for the most big macs eaten, don gorsky at 28788th big mack last year on pace to break 30,000 barrier in may joins us right now from
8:55 am
milwaukee, good to see you touch for joining us. >> well good to see you. >> wow, how did it feel to eat all big macs what was it look crowned guinness world record holder? >> it is great to have guinness world record. like i say when you have a habit unique great to have it recognized, the record would have happened whether or not was is there -- my faithful food going to keep eating every day. >> do you work out? >> no, i am a i would be labeled hypertive finalizingety i burn cal raez to handle habit. >> i want to know if you get them free. >> go ahead don do you get big macs free from mcdonald's? >> no, i do not. i pay the 4.19 for big mack like everybody he is fine with me, i don't feel mcdonald's
8:56 am
owes me anything, they all work for a living, and i work -- hard i like the fact able to buy my own big mac. >> my question was this statistical question, because it says here reading the burgers the comprised between 90, 59% diet. >> that is why i said do you work out. >> what else do you eat? >> what is what else? >> okay, i do eat other things but you would be the see me eat much of other things. for instance like the wife wants to eat i know a couple weeks ago wouldn't out for perch i have a small perch din people don't realize that even though i had first dinner i still had two big macs that day a lot of times don't like to go out to eat people come up say what are you doing here and stuff, that is all right. i know like i say, getting used to -- >> you are king of big macs we are happy to meet you thanks for joining us this morning. >> you are welcome.
8:57 am
>> wow, a lot of big maximum i wa -- big macs. >> self sources told me they believe adam schiff is big leaker in congress goes into meetings meetings has classified information goes out of meeting calls sources my sources tell me consistently we know jeff sessions told us there are 27 open leak investigations right now, facing the justice department three before jeff sessions took office we will be right back. world's image center, new york state is now a leader in optics, photonics and imaging. fueled by strong university partnerships, providing the world's best talent. and supported with workforce development to create even more opportunities.
8:58 am
all across new york state, we're building the new new york. to grow your business with us in new york state, visit esd.ny.gov.
8:59 am
tohow's it going?ness - alright, how ya doing? - welcome! so, this is the all-new chevy traverse. what do ya think? this looks better than 99% of the suvs out there. it's very modern... sleek. maybe the most impressive part of the all-new traverse... is what's on the inside. surprise! what are you doing here? i've missed you guys. i haven't seen you guys in so long! what's happening? we flew her out. it's a family car, we had to put your family in it! yeah, it gets 7 thumbs up! i had severe fatigue, became diagnosed with hodgkin's lymphoma. he was a good candidate for immune therapy, which is allowing his immune system to attack the tumor. learn more at cancercenter.com i'm the one clocking in when you're clocking out. sensing and automatically adjusting
9:00 am
to your every move. does your bed do that? i'm the new sleep number 360 smart bed. let's meet at a sleep number store. >> great show today, everybody. thank you so much. right to stuart varney we go. stuart, take it away. stuart: thank you very much, indeed. getting something done. isn't that what the public wants? and this may be the moment when something does get done on guns. good morning, everyone. the televised debate yesterday was remarkable. the president brought left and right together in the white house, and they had at it. it was not a congressional debate, it was a trump town hall. highlights. the president accused politicians of being petrified by the nra. quote they have great power over you people, and he said they have less power over me. we've never heard that about the nra before. he wants the police to have power to take guns away

248 Views

info Stream Only

Uploaded by TV Archive on