Mornings With Maria Bartiromo : FBC : August 7, 2024 8:00am-9:00am EDT : Free Borrow & Streaming : Internet Archive (2024)

morning. thanks for joining us. i'm maria bartiromo. it is wednesday, august 7, 8:00 a.m. on the east coast i hope you are having a good

morning time for hot topic of the hour vice president kamala harris hitting trail rallies in wisconsin and michigan, with help from her new running mate minnesota governor tim walz fox news is live from the white house with more on the story, good morning. >> good morning, maria. they are out of the gate running racing against the clock to make up lost time will sleep when dead because they know how fast they have to do it harris doing so with running mate that many americans have never heard of, but certainly not afraid to throw sharp elbows so that we are the underdogs in this race but we have the momentum, and i know exactly what we are up against. >> i just have to say it you know it you feel it these guys are creepy yes weird as hell. >> maria it has been 17 days counting harris avoided any

press conferences as they barnstorm battleground states michigan, wisconsin today, with j.d. vance calling her out while speaking to reporters. >> she hasn't taken a sooner or later it real question from a reporter american people deserve to get to know hemopeople want the lead them same if you mean for kamala harris increasingly for media a basem*nt strategy running from reporters. >> president biden did not seem a mejs of any kind from harris or walz in philly last night in clear if biden has any plans to hit the trail with harris and walz we barely seen him at the white house brief glimpse monday departing maureen one avoiding questions also not likely we will have a biden sighting today here at the white house no public events on his schedule, only karine jean-pierre briefing this afternoon. maria: thank you just heard

tim walz call them creepy weird "the wall street journal" writes j.d. vance weird? have you seen the other guys? to find more bizarre than woke left defectively into works of louis korol now 17 days since joe biden left the presidential race kamala harris took over took his place, hur web site has no economic plans listed for the democrat nominee still, we do know some new vice president picks tim walz's policies in favor of green new deal supports banning fracking the big tax and experienced with state having fifth highest top income tax rate 9.8% third tooist capital gain taxing begins california and new york highest in country 9.8% minnesota 16% death tax rate on top of federal 40% rate supports free healthcare tuition driver's license for illegal migrants a lot of woke

progressive policy there emily reaction. emily: i think looking at the most far left ticket ever seen, and i any there is a real opportunity for president trump and j.d. vance to double down on policy point out huge differences between positions of vice president harris and governor walz to the rest of the american people i think seeing some play out when we see you know congressman cori bush loving a primary in a deep blue district there is an opportunity to say these folks are too far left even for dem heavy district. >> new york city upset about 200,000 illegals in new york city is that the number. >> a 200,000 come about 68 or 69,000 people that are living hand-to-mouth from going to what taxpayers in state. maria: new york city. >> in chicago minneapolis a lot of cities around the country. maria: i thought trump could you know make a dent in new

york, but kamala is up big. >> if he forces them to play defense in states where there should win kamala harris should win new jersey by all definition should win new jersey if playing defense in places like that that have comlez that travel new york city campaign is doing a great job making them spend money unnecessarily. maria: i think they are making a serious you know -- picture for voters to compare, you've got kamala harris and tim walz very progressive policies donald trump and j.d. vance wanting to tap into energy capacity in america lower taxes, and come up with business-friendly policies. >> emily touched on this might be that ticket, kamala harris ticket too far left for the democratic party what a concept right if you now two squad members lost their primaries by definition voters are telling you, that they

don't want far left policies to be the policy of their party, they want it to come back to the center and, yet, kamala harris in her choice for vice president, is going to the far left side again. as a republican i am thrilled she is because it creates a very stark difference and choice for voters between the democratic ticket and respective ticket, i am told him for donald trump that she chose tim walz as opposed to governor shapiro far more moderate person. >> a governor pushed back from his own party on taxes he even wanted to raise further you had a great list how many taxes how high things are in minnesota someone wanted to raise gasoline tax on thing that every american minnesotan needs by 70% the state legislature the democrats slapped back he tried to put payroll taxes on corporations in his state employers target general mills medtronics he had to fight to basically ban that from happening, and push back on his plan to tax their voes revenue in state of

minnesota. >> what is it going to do? he has a new green deal to pay for, and climate change agenda how do you pay for all new relations changes to institute on consumers and businesses without raising taxes. >> you can't no money tree in minnesota no money trees elsewhere you got to tax people. emily: we don't need these tax and spend heavy a federal government driven policies to reduce also emissions, energy prices we saw remember emissions go down democrats give false choice all the time, american people reject it over and over. adam: imagine living in minnesota by 2040 all electricity has to come from green energy pretty cold in minnesota imagine february, you can't turn on your oil heart you can't turn on natural gas heater are you

going up wind power solar power. emily: impossible to build new technology not able to meet demands with this policy. maria: minnesota losing citizens to other low tax states just getting started we are breaking down, more of where vice president pick tim walz stands on issues that are most important to voters, what we can expect, from the most liberal ticket in decades just beginning this hour third hour on "mornings with maria", south carolina congressman nancy mace with reaction don't miss that you are watching "mornings with maria" live on fox business. stay with us. ♪ , dancing, ♪. , yeah, dancing ♪ ♪ nce. daughter: it's a lot of fence. dad: you wanna help me? dad: aim at the wall, but get closer. daughter: (gasps) what the?! daughter: alright. dad: side to side. when you work with someone who knows a lot and cares even more... you can do this. ...you're unstoppable. (♪)

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with plotting to assassinate former president trump department of justice says no ties to attack at trump's

rally butler, pennsylvania july 13 i sat down with former president trump last week in bedminster before about to be interviewed by fiber about assassination attempt on his life told me the shooter in butler could have foreigntize. i think being reported wasn't quite as innocents as people think he had some encryptions that maybe foreign based they can't open up the app, they can't open up his phone another way of saying it because as you know apple controls that they can open it nobody else can when it's comes to assassination attempts i can you have to be able to open up the phone they have to see if that happens we're hearing they may have fluid situations can't get access. >> you are thinking may be foreign adversary i have no idea just saying what i heard. >> i would say a very

disturbed young man, he might be liberally based okay or progressive as the expression goes. maria: joining me now is south carolina congresswoman nancy mace member house oversight services and veterans affairs committee thank you so much for being here this morning i want to get to a lot of things with you particularly new ticket on democrat side first your in oversight committee what have you been doing in terms of trying to get to the bottom to this assassination attack on president trump's life it is pretty incredible that all of these weeks later we still don't have much information about him the shooter. >> that is right now speaker johnson is created a specific task force will continue that investigation handed to task force early on the oversight committee and judiciary sent inquiries requested briefings tried to hold hearings we awhat happened to kim cheatle i hope

this does a heck of a lot better than last time we need to protect president trump anyone running for presidentor vice president a lot of threats we are laffering i want to prays undercover agents with information about attempted plot of a pakistani man learning through media not investigations the department of homeland security fbi secret service not willing to share information with any of us so far. maria: you were great on that hearing that day with the cheatle in terms of holding her to account let's talk about holding the democrats to account new vice president pike tim walz in lockstep on border he signed a law last year, granting drivers' licenses to illegal migrants free healthcare for illegals passed measures to make

illegal mielgs for policies, governor of minnesota in focus violent crime in minnesota up 30% on under his leadership, the police force shrunk nearly 40%, nearly 50,000 people left the state between 2020 and 2022 not to mention in charge during 2020 rites over death of george floyd what does this ticket tell you about where kamala harris wants to bring america? >> well shocking really, how far left the democrat party has gone this is most woke most progressive most far left ticket in american history i said many times on your program i represented very you purple districts 40% or more independent not affiliated with republicans or democrats i am going to rebrand tim walz's tampon tim women's issues very important have been since surrounding roe v. wade doesn't know difference between men and women wants

contaminate ponzi in boys rest rallies kids able to cut off body parts without parents missings doesn't keep communities safe unbelievable, i got to go back to, basics here this is offensive offensive as woman mother to daughter this is going on who putting on the ticket, he is probably -- kamala both want to defund police okay with black lives matter antifa political violence across the country okay with cities burned down, they do nothing to stop it, as a mom as a woman i think most offensive ticket to women in american history. maria: we've talked about the economic policies with the among highest that we've seen in the union in minnesota you mentioned, the abortion thing passed one of the nation's most permissive abortion statutes has no limits no limits and no age

consideration for minors, in that regard, declared minnesota a quote transrefuge with law saying state will ignore a court order for the removal of a child issued in another state because the child's parents or guardian shifted the child receiving gender affirming care in that state according to the "the wall street journal". >> if a woman or dad not a ticket that you can support in any way shape or form, pro-choice or pro-life a lot of agreement that there should be limitations at some point at very minimum some point in second try mester did not sport kids this is sick not science highly offensive we have to have basing conversations about things should not be talking about boys and girls sports tampons in boys restrooms, so offensive to me as woman i can't believe that this is the ticket putting toward today i think huge advancing for

donald trump j.d. vance to go back to suburban woman say this is why they don't support you, i am the first woman to graduate from citadel military college south carolina i am not going to allow progressives and left in woke people to take away every achievement by women in this country real women you saw in olympics two boys now competing for top of the ticket in women's boxing all of our everything that we've achieved last hundred years in woman's suffrage post women's suffrage taken by prove policies it i am not allowing to happen in my watch my district my state my country to make sure everybody knows who tim walz is kamala harris is what the agenda is really about for american people. >> all of that yet calling you weird, [laughter] tim walz said weird and creepy i guess the panel in worth noting

bernie sanders celebrating the pick alexandria ocasio-cortez is celebrating the pick, okay. so all the real lefties in congress all-in on tim walz. >> i think you are seeing that you are seeing the far left folks doubled down on him i, wanted to ask your oversight krieg cori bush lost her primary do you think the american people are going to reject this kinds of progressive far left agenda? >> well they already are two squad members down in this primary cycle, democrat primaries how many more to go, a primary next week i hope minnesota takes her out elect someone more moderate or centrist person not values of america at stake in november all at stake. >> before you go update us on tropical storm storm debby how your state is dealing with heavy flooding and, of course, quite dangerous out there we understand gone by sunday what

are you seeing? >> well, our curfews lifted significant amount of dry air in the storm helping reducing flooding going on i would caution people back on roads today and tomorrow be cautious be wary safe don't go on flooded roads if you can help it. >> good to see you. thank you so much, congresswoman nancy mace thanks so much for joining us see you soon we'll be right back. stay with us.

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maria: welcome back, hour away from the opening bell to look at futures a rally underway dow jones industrial average right now up 2830 nasdaq up 213. s&p higher by 52, this is extending gains yesterday, a while week dow closed up nearly 300 markets rebounded from monday sell-off global sell-off stocks lower this week, of course, given that sell-off on monday, and take a look at the wall streets vix index down from highest that it was on money, the highest since 2020 vix index down to 23 and change has gone up to 68 meaning massive volatility joining us crossmark chief market strategist victoria has what is your reaction to volatility this week after monday's big global sell-off.

>> yeah, maria, obviously, we know there was a lot of that volatility driven by the yen dollar rate about unwinding because of bank of japan raising rates expectation fed going to lower rates i don't think that was only story. i do think that on friday when we gave the the jobs numbers, not that that was such an horrible report should have drin so much volatility markets to downside but kind of a culmination of things saying earnings not quite as good i think what people were expecting, wages are stagnating cracks in the labor market, manufacturing is extremely poor right now there is a lot of elements that have been building up that i think, we are setting the stage for a pullback in the markets. you combine with carry trade why are volatility we have. maria: for a long time big tech was up it was arguably overvalued so there was that as well then the question of the election, how much of that

uncertainty is involved in some volatility? >> look. any uncertainty the market doesn't like you add in the changes that we've seen in this election so far, that is going to increase volatility. obviously, there is a lot of concern around not knowing exactly what the policies are yet seen heard from kamala harris and her ticket yet exactly what policies will be we heard some from republican side not all as that comes out we will get a little bit more certainty, but the polls are so tight right now, again, that is causing the market, to have some volatility in it, maybe that gets a little bit better, but remember, august and september historically as you well know very poor for market as we head into election people aren't insure what is going to happen i think we see more downside you look at things like spikes of 20 day lows we haven't had that yet tickle tells you that bottom ready to turn around so

i would be cautious in these markets. maria: let's take a look at interest rates 10-year treasury this morning, markets awaiting federal reserve to divert recession fares with possible interest rate cuts goldman sachs david solomon predicting fed will delay cuts border patrol walking back talk raising interest rates further saying will not tighten, monitor policy when markets are unstable, you know adam that was basically took this market back the doj -- becoming first major central bank to put calm in the market saying no, no, no not keeping raising rates they raised july 31st as it that victoria talked about carry trade i don't think viewers need to worry highly technical borrow one currency buy bonds in another book differential.

>> you don't think earnings as good as hoped i would counter say actually, s&p 500 earnings thus far that have been reported are on average, um -- indicating growth 10 1/2% which is above what we thought was going to be the number, % if earnings are better, why do you sort of feel that they're not? >> well i would agree that is true. on the bottom line, but when you look at revenue growth you only got 55% companies beating on that top line on revenue side. that is really where the consumer comes into play the we know drives our economy if bottom line is ahead of expectations but revenue is not, we know getting margining compression what happens when that comes into play companies lay off workers in order to keep that bottom line strong to me what the revenue down the consumer slowing we have

heard he from guidance on many earnings calls i am talking about the consumer pulling back we even ladder from disney this morning, the parts department how much consumer pulled back, then i think you have to start being concerned when you with a look at third and fourth quarter earnings, probably won't be that double-digit number that people are expecting, that is going to bring the market back a little bit. maria: yeah, earnings season in full swing you mend disney double beat on earnings and return partly because of success, helping, disney streaming 47 mill profits of skribz going for hulu disney this week announced will start raising streaming prices by 25% mid october, to push consumers towards bund plans from warren brothers discovery after the bell, how do you you want to allocate capital here? >> yeah. i think when you have a

portfolio you need to add that leverage, if you are going to believe all uncertainty is still in the market going to have volatility, like we spoke about, so, when you look at the every market you have and our yes hopefully trend a lot of names hitting those high elements some high growth names, your allocating more to staple value names cheaper growth names that is where you are starting to see things pick up, i think you need an allocation to fixed income yield will probably over rest of the year trend lower. so you can pick um cap flow capital appreciation you need to add income generation in the forms of alternatives like covered killed a as well all of that together puts you in a really nice position from volatile markets from now through the end of the year. maria: all right. we will be watching, 10-year now just crossing at 3.94% up 5 1/2 basis points yields plultdz last couple days for

sure thanks so much victoria fernandez, ties to communist china how kamala harris vice president pick is a big fan of our country's biggest adversary, heritage foundation visiting fellow is here with reaction, you are watching "mornings with maria" live on fox business. stay with us. . >> i don't know wanna ♪ ♪ . everybody, come with me ♪ . . it's odd how in an instant things can transform. slipping out of balance into freefall. (the stock market is now down 23%). this is happening people. where there are so few certainties... (laughing) look around you. you deserve to know. as we navigate a future unknown.

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. >> . maria: welcome back, voters have ousted another progressive squad member cheryl casone with details now. cheryl: maria voters in missouri deep blew fairs congressional district major upset to progressive congresswoman cori bush lost last night's primary, bl

defeating member with more than 51% bringing end to contentious expensive house race. >> this isn't just about campaigning in adults talking, and negative messaging, but i care about watching -- what we say matters. aplaza. >> district is ready for better and more accountable representation in washington, d.c., progressives should make progress. cheryl: bell won with backing several pro-israel groups will phase off with respective jones or stan haul not called but jones leading under 200 votes cori bush says she is not going anywhere. >> i come -- and let me put all corporations on notice i

am coming after you, too,! >> we will support a free palestine a free congo, a free sudan and people posting genocide beaus worldwide. the loss after bowman suffered a similar loss to pro israeli democrat in new york jewish voters deep blue new york backing trump 50% to kamala harris 49% harris leading overall in state by 13 points, olympics updates for you american track star thomas gold with commanding victory 200 meter yesterday beating runner-up by impress length thomas only runner under 22 seconds, the star status in running world yes yelling at my television for this one shocking, in amazing one for team usa month's 1500 meter

expected between norway great britain, americans stun winning golds shattered record 3 minutes, 27 seconds. focus of a gender controversy algerian boxer dominating competitor from thailand yesterday to advance to the gold medal in welterweight division of controversy from failed gender test unclear what criteria was reportedly shows has xy chrome soenz will face china on friday for gold another fighter to fail taiwan is guaranteed to get a medal. controversy over -- seine river, a twice triathlete has stomach infection after competing yesterday best story

about they were dog for u.s. gym matter offics reportedly putting in 15-hour days. >> u.s. leading 86 totally medals 24 gold everything underway in paris right now. going back to watching them. maria: thank you, cheryl. kamala harris running mate tim walz has praised china after living teaching there for a year visiting about 30 times even honormoaned. china speaks small amount of mandarin, in 2016 walz said i don't fall into create or china necessarily needs to be to be an adversarial relationship report by commission on national defense strategy, finds u.s. may lose a conflict with winery and russia in ghob war unless significant changes made no you will say strategy. >> international relations pepperdine university heritage

foundation visiting fellow thanks very much for being here reaction to tim walz as kamala harris's running mate? >> it is not a surprise. and he is consistent request large swath of democratic left in the united states. when happens to believe china has never been an adversary. , should not be this this is cold war era thinking, by partisan elites that china has been a developing nation. a country with which we should have equal relations that they are an important partner in increasing global peace and security. we know this is not true. and i'm surprised that we would have a governor continuing in this train of thought. he was quite young when he studied abroad and taught in china. this is a very different time. and seems he wasn't affected

by tiananmen square yet was in china in 1989 and 1990. he doesn't understand that it was under the administration of donald trump that a con census began to grow in washington throughout nation coastline was our number one global challenge many don't like donald trump no one can dispute he played a critical role offing reassessment of kline not only to inflation in u.s. but infused into u.s. policies troubling because he will be a power actor in administration, led by, vice president kamala harris. >> are, by the way, we also have reports that dl.a. piper multinational law firm, of course, is kamala harris's husband's firm consults on behalf of benefity of chinese communist party owned companies employed from chinese party official looks like a ticket that china wants

in there for sure harris trump vying for black vote i want your take there, a recent "new york times" siena college poll finds 69% black voters say would cast for kamala harris 23% said they plan to support trump what are you seeing in the community how important is black vote for this upcoming election. black vote is always critical in national elections presidential elections not because of sheer number of votes have we know african americans represent 12, 13% population but where that vote is concentrating. even though kamala harris would be an historic president in the sense she is a person of color, i think there is a huge opportunity for donald trump with african americans i have been pushing this a long time, one, think about it maria. you talked about this a lot on your program. the growing demographic in terms of creating small

businesses, entrepreneurial, entrepreneurship african american pim they want lower taxes, i think donald trump i hope that he is listening that he will focus on those issues, those are bread and butter issues bottom line issues, issues around the future approximately also a african american women basically run the race in terms of the fact that a large percentage of black children are born to single mothers so they have a stake in the economy, they have a stake in education. all of these issues are critical. and i think if trump administration begins to focus on those issues, and those voters, i think we will see many peeling away from kamala harris who will not have the kinds of policies that allow you to grow the economy and grow your business. maria: that is exactly the conversation i had with president trump last week, and he did focus on policy he has a four prongsed strategy number one, dipping into our

oil and gas capacity so that it could impact inflation take energy prices down as well as create high-paying jobs number two, taxation, cutbacks in spending and extending the tax cuts so keeping tax low deregulation is something he talked about all the time removing some obstacles before he talk tariffs using tariffs not a just as cool for economic growth but also as a weapon national security what trump is taking about guys on panel it could not be more faraway from what you're hearing out of harris and walz campaign. >> i think you are hearing from governor walz we want higher taxes we want to see more spending on climate agenda backed by kline and chinese produced products more for immigrants way to left.

>> trump campaign president trump opportunity to put that line in the sand where if you are america first here is what that means. here is how we stand against oi our geopolitical adversaries china russia or someone else more spends time talking about this i know we say he panels like this more president trump spends time talking policy better he will do. maria: i agree >> do you want priortize since of other countries governor walz former mp of healthcare wants free healthcare for immigrants but not for veterans free house of for immigrants not for our veterans? no. maria: final word circulate i love what i am hearing and conversation with donald trump needs spooeb specifically tied back to african american voters. walk them through what he can do as president and why trifs

are sometimes necessary why oil and gas policies under trump will help them with businesses, that is what is missing i think we have a huge opportunity, and also, african americans are not naïve about the problem of china look. bring it all into the conversation he will have a huge impact. thank you very much stay with us. we'll be right back. .

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maria: welcome back. a pakistani man with ties to iran are in charged with plotting to assassinate former president trump arrested one day before the rally in butler, pennsylvania giving secret service even more than of a reason to be on heightened alert department of justice says arrest las no ties to butler attack i spoke with president trump last week about the threat he faces right now from iran. >> i mean we just heard of more details about iran, reportedly plotting to assassinate. >> i put out a word if they did that we have to blow them off the face of the earth because you can't do that blow them right off the face of the earth i put out on truth two days ago there was report to that effect it could very well be true. i said if that happens you have to blow that country off face of the earth because that will be a wholly new world

order the problem we have nobody respects biden and nobody republicans kamala a big problem. >> there is also been -- ab, you know, a threat against secretary of state mike pompeo, right in same thing from iran. >> i think we're seeing kinds of threats part of why it is so borrow for us to have a congress that can investigate the kinds of things we saw with shooting with president trump speaker johnson doing right by doubling down stocking up that committee to get answers why secret service wasn't more prepared for threats. >> we want to know odd that we don't know much about anything about shooter who you know bullet grazed president trump's ear. past year iranians ceased two u.s. flag krairs we let iranians take -- tank we'res

u.s. flags sit and watch? so there is a lot that is mind-boggling not just the fact a shooter could get so close to president trump on our own soil this white house so weak one of the reasons stock market is struggling now. harris comes up in poll all of a sudden looks like trump isn't the man for the job with, and market sells off because we have lack of slippery. i noticed that exactly there is absolutely no the harsh bsht for any adversary that does anything against america surveillance balloon flying nearly a week from china, the covid cover-up, no response fentanyl in regularly intellectual property theft going on for decades. joe: this plan was obviously, foiled perhaps wasn't behind it we don't know but there is as president trump said a lack of respect for america america

search warrant you have balloon incident seizing of american flag vessels i would hope americans are united whether attempt of president biden pompeo, et cetera, we should demand respect for sovereignty. maria: we should be demanding it we will take a break more right here you are watching "mornings with maria" live on fox business. stay with us. . this week tomorrow, what will harris president sea mean for small business small business chairman is here, friday scenario marsha blackburn kids online safety act passing in senate she will join me in

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♪ maria: welcome back. time for the big buzz of morning. a new addition to the fox business family. congratulations to producer jenny on the birth of her beautiful, precious daughter weighing 6 pounds, 11 ounces. congratulations to the entire family. best wishes to you, jenny. all right, we are about 30 minutes away from the opening

bell for a wednesday. let's check markets where we are nearing the highs of the morning, and the final word here. dow industrials up 304 right now. >> yeah, i think the bottom is in, but you don't need to be a hero, just find one or two of your favorite names still down 15-0, buy a little bit more. maria: all right. and we're, of course, following the road show underway with the with the two campaigns and kamala and her new running mate, tim walz. beverly. >> yeah. i think this is an opportunity for president trump to double down on policy, because the american people are simply not as far left as either vp harris or governor walz. >> today's the super bowl for item walz. they bet the the farm on him having appeal in the midwest. two statements, let's see what he does. maria: well, yeah. all we can go on is what he has a said and cone in the past. great panel, everybody. thank you so much. we'll see you again soon. thank you for joining us, "varney & company" pix it up now. stu, take it away. stuart: good morning

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Maria Bartiromo brings her knowledge of the finance industry to discuss news stories from around the world with a panel of rotating industry experts.

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Maria 24, China 13, Harris 11, Us 11, U.s. 7, Walz 6, Luke 6, Iran 4, New York 4, J.d. Vance 4, Donald Trump 4, Emily 3, Biden 3, Cori Bush 3, New York City 3, Paris 3, Nancy Mace 3, Victoria 2, Kamala 2, 2

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