- from the fox studio in new york city this is "maria bartiromo's wall street". maria: happy weekend to all,

welcome to the program that analyzes the week that was in position to for the week ahead. i am maria bartiromo. poisoning our country on purpose a scathing new report exposing china's direct subsidies and tax breaks for the companies that make fentanyl on the condition that they trafficked outside of china and take it overseas non- china. now it's pouring across their borders killing thousands of americans every year costing u.s. taxpayers billions of dollars former attorney general bill barr testified this week. >> without china's production and export of fentanyl and fentanyl precursors there would be no fentanyl crisis in the united states. the mass slaughter would've effectively stopped. maria: 70% of drug poisoning the u.s. have caused by fentanyl. killing 77000 americans last year alone. 10 billion in taxpayer dollars is going to help combat the acriepidemic.

all of that with videos like this coming out of the communist country last week treasury secretary janet yellen and ambassador to china laughing it up and whooping it up drinking beers at a brewery in beijing, joining us michigan congressman john molinari, the incoming chairman of the house select committee, the committee to publish the new report, thank you very much for being here this weekend. >> thank you for having me, good to be with you. maria: tell me more about what your committee has found out in terms of china's complicitous in giving tax breaks to the companies that produce fentanyl so long they keep it out of china. maria: four years that we've known china is manufacturing the precursors to fentanyl that is used in killing hundreds of thousands of americans every year and what this report showed his direct evidence and how the chinese communist party is

subsidizing these efforts, they are giving tax benefits to companies, not to build medicine or manufacture things that will improve people's health but rather companies that are manufacturing products that have no benefit healthwise and only destructive poisons that are killing especially our young people. maria: your committee does not have legislative authority but you actually can do this kind of work to inform congress in terms of next steps. i want to get your take on how you want to hold china to account because the fentanyl problem is one of many, covid, the cover-up of covid, the surveillance balloons, the propaganda. it is all coming to undermine america from the chinese communist party, what can you do about it. >> first we need to reset our relationship with china and recognize foreign adversary.

unfortunately they are being more aggressive at home and abroad and threatening taiwan and we need to deter their aggression and we need to build partnerships around the world especially in asia to make sure they don't continue to go down the destructive path that affects every country in the world. specifically on fentanyl. it's important to note that president biden met with president xi last november and it was something where president xi said that's cooperate and collaborate. we want to be helpful on fentanyl. at the same time there is a structure and their tax policy that says let's export fentanyl to america knowing that they're not health benefits, the destructive poisons that are poisoning our people. maria: what do you need to further your work, do you need

cooperation and others to hold china to account to really make a difference here? >> absolutely. i think we need to partner with allies, as straley, europe where they also see this scourge of fentanyl. we need to make sure that we are raising awareness of the united states about this problem. bill barr did a tremendous job explaining how this is a groundbreaking report with new evidence. we need to act on that evidence. i believe this gives the biden administration leverage and it needs to be used. maria: overnight thursday, israel struck iran and a narrow limited attack with a high-stakes vote expected this week and not a foreign aid package for israel as well as separate funding bills for ukraine and the indo pacific.

you're on the appropriation committee, what gets done and what are your thoughts on these bills? >> i think it's really important that these are national security bills and we need to support our allies. we cannot allow vladimir putin to win in ukraine. we cannot allow iran to continue to work towards the destruction of israel. we need to bolster our allies like taiwan and others in the region to deter aggression of china, we also have legislation that is forcing a required sale at the best rooster of tiktok from the parent company by dance which is influenced and basically run by the ccp so we have a number of issues and were also going to continue to fight for border security and in the house we will continue to work towards that ultimately it'll take leadership from the white house and unfortunately we are not getting that from this a

administration and were not getting it from secretary mayorkas, we saw the senate completely dismiss the impeachment which sets a very bad precedent and the senate but it's important that we work together to counter the influence of the ccp and i'm excited about this committee and the bipartisan work that were doing and i think what china fears most is the united america. maria: china is also supporting russia and iran. the anti-israel protest, terrorizing cities across the country, blocking bridges, halting traffic, creating chaos on campus this week. look at what happened at columbia. 100 people arrested from columbia university on thursday alone. watch. >> we are hamas. >> we are all hamas.

maria: you represent michigan where demonstrators were chanting death to america, death to israel just last week, your reaction. >> we sent a letter to the justice department demanding more from an immediate investigation into this to see if the demonstrators are cooperating and aligned with any outside forces. that is unacceptable. we will continue to work with responsible leaders throughout michigan to try to make sure that we can keep peace in the communities and focus on supporting israel. iran has been the largest state sponsor of terrorism throughout the world, they are creating the conflicts and it is important that they know that israel, the world community will not continue to tolerate this kind of malign influence in the region or around the world.

maria: we will leave it there, we will be watching your work, thank you for joining us. >> thank you maria. >> thank you, congressman, uncertainty in the market after israel strikes back at well done, viv. you got the presents, the balloons and the raptor cake. now, how about something to put a smile on your face? aspen dental provides complete, affordable care with dentists and labs in one place plus free exams and x-rays for new patients without insurance...

and 20% off treatment plans for everyone. quality care at a price worth celebrating. it's one more way aspen dental is in your corner. morikawa on 18. he is really boxed in here. -not a good spot. off the comcast business van. into the vending area. oh, not the fries! where's the ball? -anybody see it? oh wait, there it is! -back into play and... aw no, it's in the water. wait a minute... -alligator. are you kidding me? you got to be kidding me. rolling towards the cup, and it's in the hole! what an impossible shot brought to you by comcast business.

sup? -who are you? i'm your inner child. get in. listen, what you really need in life is some freakin' torque. what? horsepower keeps you going, but torque gets you going. what happened to my inner child craving love and acceptance? how about you love and accept this? p-p-p-p-powershot! when can i drive? you already are! the dodge hornet r/t... the totally torqued-out crossover.

maria: welcome back tears aware markets ended the week after israel struck iran in a narrow limited attack on thursday evening. we have a string of strong earnings and federal reserve officials indicating no rate cuts in the near future, here to break it down to what it means for marketing your money, strategic wealth partner investment strategist luke lloyd, great to see you, thank you for being here. it's been a rough beginning to the second quarter, that is for sure what are you attributing these declines to in the uncertainty as we kick off a quarter which comes after a very strong first quarter.

>> what are the reasons why stocks rally last year end continued in q1, the federal reserve does not work anymore, we learned that people are comfortable taking on debt and people will take out new debt to pay off old debt even at the higher interest rates, we learned that the government will spend more money and a higher interest rate environment with $1 trillion every 100 days and we learned that corporations will continue to borrow more and more money. when the federal reserve was created in 1913 the economy did not run on all this debt, the federal reserve does not work anymore or very delayed, the reason why the longer for hire narrative that is happening right now with the federal reserve is taking a bit of a toll in the market because it eventually absolutely hit the margins for companies. if you look at u.s. investment-grade debt for the year there is $800 billion of debt set to mature in 2024 that is a lot of debt being refinanced at the higher rates. maria: what about the broader earnings, how do you see?

>> right now the market is expecting 7% earnings growth for the last quarter with earnings, that seems pretty high. with that being said consumers have the spending addiction that i was just talking about the beginning where they will take out new debt and are comfortable with taking out new debt. in 1913 when the fed was created people did not have cars, cars were not around people did not take half credit cards and take out debt, the comfortability in the mindset the philosophy around debt is a lot different. i think consumer is going to continue to spend money whether they have it or not so you have to lean into the spending addiction and frankly most companies will hit the earnings target probably going to be pretty strong. i'm concerned that people have to refinance all the staff at higher rates when does the dominoes fall and when does unemployment take up, when that starts to happen bad things really happen you have to pay very close attention to be ready to change very quickly in a portfolio when that happens.

maria: it's all about rates and we will be watching for the rest of the year if we actually get any rate cuts at all. i want to get your take on the geopolitical backdrop given the situation in israel and between iran as a geopolitical backdrop getting scarier and does this come into focus for you in terms of impacting the economy and markets in your portfolio? >> geopolitics will remain a top concern for the foreseeable future probably into the next decade. this is not a statistic this is a feeling, people i talked to, a lot of people feel like bad things are around the corner, some sort of bad feeling. i don't think the feeling is going to go to way and that's good to trickle into the economy and markets for sure. what happened over the past couple of days with iran and israel, one simple statistic around that that can tell the full story what investors should expect is that 90% of iran oil production sold to china oil

runs the middle east is a liquid gold of the middle east. if iran tensions get out of hand and a larger scale and war breaks out that cuts off oil supply to china the last thing china and iran want is for the oil to be cut off, therefore they are greatly incentivized to keep tensions low and try not to excavate the conflict, that's why markets recovered from thursday night into friday being that almost 2% intraday in the oil drop from $90 back down to 85. the likelihood of this specific retaliation going bigger is very low. maria: a complete reversal, thank you so much. >> thank you. >> luke joining us, safety concerns in the sky both american airlines and boeing making headlines as is

(♪) is bad debt holding you back? ♪ the only limit is the sky ♪ ♪ it's our time ♪ ♪ you don't want to miss it (just a little bit louder) ♪ ♪ it's our time ♪ ♪ you don't want to miss it ♪ ♪ it's your moment in the spotlight ♪ all your ambitions. all in one app. low fixed rates. borrow up to $100k. no fees required. sofi. get your money right®. when enamel is gone, you cannot get it back. but you can repair it with pronamel repair. it penetrates deep into the tooth to actively repair acid weakened enamel. i recommend pronamel repair. with new pronamel repair mouthwash you can enhance that repair beyond brushing. they work great together. (luke) this will be a gold mine of local intel. just you wait. (marci) right. so, tell us about this corn festival? (stylist 1) oooh you got your corn pudding... you got your corn chowder... (marci) so... is it safe around here? (stylist 2) sometimes. (luke) if a family of eight were to need a cold plunge, where would they find it? (stylist 1) ...and then they dip it in butter, then bam,

it goes right in. (stylist 2) ...really cute vampire bar. (stylist 1) the reverend does like a blessing on the corn. (luke) donut shops. how far from here? (marci) no eyebrows? (luke) think of how light it'll feel in the summer. we've got to run. eleven thousand more neighborhoods to go! (vo) ding dong! homes-dot-com. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire when people come, they say they've tried lots of diets, nothing's worked matching your job description. or they've lost the same 10, 20, 50 pounds over and over again. they need a real solution. i've always fought with 5-10 pounds all the time. eating all these different things and nothing's ever working. i've done the diets, all the diets. before golo, i was barely eating but the weight wasn't going anywhere. the secret to losing weight and keeping it off is managing insulin and glucose. golo takes a systematic approach to eating

that focuses on optimizing insulin levels. we tackle the cause of weight gain, not just the symptom. when you have good metabolic health, weight loss is easy. i always thought it would be so difficult to lose weight, but with golo, it wasn't. the weight just fell off. i have people come up to me all the time and ask me, "does it really work?" and all i have to say is, "here i am. it works." my advice for everyone is to go with golo. it will release your fat and it will release you.

maria: welcome back trouble in the sky for airlines with safety concerns creating turbulence for the industry as part of the northeast is gearing up for spring break travel trade american airlines pilots union said this been trafficking significant spike in maintenance related problems in our operation. boeing taken another hit on capitol hill this week as the former boeing engineer turned whistleblower accused the company of taking shortcuts despite safety regulations. watch this. >> effectively there putting out our plans. i saw people jumping on the pieces of the airplane and the airplanes are not being built per requirement they are doing stuff that increases the risk

factor as the plane gets older you said it's not a safety issue becomes a safety issue. maria: allied pilots association spokesman and american airlines pilot for 36 years captain dennis stager, think of for joining us as we can. >> great to be with you. maria: can you expand issues why does it feel like we have an increase in safety issues on flights right now. >> first off thanks to senator john tim and blumenthal for having the hearing and what in the senate on boeing and getting issues like that and addressed in public and the courage of the whistleblower that has to be investigated but what we see right now is the pressure on safety margin all the things that we look for the happen singularly or happening at the same time last new airplanes

because of boeing's trouble and airbus had delivery problems older airplanes longer and the maintenance are the higher level and much more expensive 40% then pre-pandemic, a less experienced workforce out there in a righteous desire to commercially go out there and meet the high passenger demand. all the pressure points coming together gives us great cause for concern but the good news that management engages with us on stopping the trend that we see happening before it leads to incidents or accidents, that is the main goal. maria: we had incidents in the sky our door blowing off. there's enough incidents to take notice. what should consumers do if they're worried about this? >> they should know the last line of defense are professional

pilots we are trained to handle the issue that happened on an airplane the business is not about perfect fights i've not been on one and 36 years, small things happen the ideas that you chop those errors in the problem there is an extra wave of errors coming into our cockpit from boeing in systems under immense pressure and it's creating another area for me to focus on heightened sensible alert what we say and what you do to change that you really double down on the basics. you slow down and focus on what's important in part the commercial interest in whether you're a minute late or a minute early and you focus on the second that matter in the second to make the safety decisions because this is business that depends on the seconds. maria: of course you said a moment ago some of the planes are older were flying order

planes longer is there any light at the end of the tunnel. when you say that what is the likelihood that that changes anytime soon? >> that's a great point it's okay to fly airplanes longer than you normally do but you have to bring up the maintenance to meet the reality that they're going to require the maintenance to maintain their safety margin what we see at american reduction of some of the checks and a deferral to fix aircraft where you can have one system not working which is legal but deferring it to the edge of the calendar so the airplane is out there with the malady. though legal, just because it's legal doesn't mean it's safe or smart if your landscape changes you have to change with it and bring up your maintenance as well as your awareness to where the threats are. maria: is it safe to fly right now? >> absolutely.

>> i don't fly an airplane unless it safe. i may work for american airlines and have a license from the faa but i morally and professionally obligated to fight every aggressor via system, airline management team, you name it would have 170 plus people on my airplane know that it is safe but there is an immense amount of pressure so we have to change our game and bring it up to the level of threats and we will get this done safely there is no other choice but were on the airplane with you and we will protect you. maria: any thoughts on choosing a boeing flight versus airbus plane. >> there are trained experienced professional pilots, two of them, many are calling for one someday, that is the difference we've counted on aircraft

cruise, the pilots to save the day like the alaska flight bring it back on the ground in four minutes these are the things that we do but you can't keep counting on that many say were really lucky and there's been miracles but aviation cannot depend on luck and miracles depends on training and ingenuity in quality assurance on a production line they all have to come together as a symphony of safety. maria: we will leave it there we appreciate your time. maria: my thanks to dennis joining us. one more importa starting a business is never easy, but starting it eight months pregnant, that's a different story. with the chase ink card, we got up and running in no time. earn unlimited 1.5% cash back on every purchase with the chase ink business unlimited card from chase for business. (♪) at enterprise mobility, our experts always see another road.

because when there's no limit to how far mobility can go, there's no limit to how far businesses can go. (♪) when you need to prepare for unpredictable adventures... (gasp) you need weathertech. [hot dog splat.] laser measured floorliners front and rear. [drink slurp and splat.] (scream) seat protector to save the seats. [honk!] they're all yours! we're here! hey, i knew you were comin'... so i weatherteched the car! can we get ice cream? we can now. kid proof your vehicle with american made products at weathertech.com.

[alarm beeping] amelia, turn off alarm. amelia, weather. 70 degrees and sunny today. amelia, unlock the door. i'm afraid i can't do that, jen. why not? did you forget something? my protein shake. the future isn't scary, not investing in it is. you're so dramatic amelia. bye jen. 100 innovative companies, one etf. before investing, carefully read and consider fund investment objectives, risks, charges expenses and more prospectus at invesco.com. >> walkabout what you need to know ahead of next week investors high on pot stocks ahead of 420 this week and for federal legalization fueling

cannabis companies, the economic impact better than ever in the united states more than 400,000 jobs supportive by the legal cannabis industry total revenue expected to reach $40 billion this year will be following all of the industries that matter most to you and your money on "mornings with maria" 6 - 9:00 a.m. eastern on fox business right here. i'll see you on sunday morning for the fox news channel at 10:00 a.m. eastern for "sunday morning futures" dive exclusive interviews with ted cruz and mike lee a polish president and an exclusive and congresswoman marjorie taylor greene all with me sunday on fox news. that will do it for us here on fox business thank you for joining me have a great rest of the weekend. >> "barron's roundtable" sponsored by global x etf.