maria: welcome back. good wednesday morning everybody. thanks very much for joining us this morning. p i'm maria bartiromo. it is wednesday, may 22, 7:00

a.m. on the east coast. i hope you're having a good wednesday. time for the hot topic of the hour. former president trump's hush money trial is headed into the final stretch. fox business' lydia hu is here with the latest. >> reporter: good morning, maria. we can remember this trial started with intense velocity out of the gate, but now it seems like we're moving on a slow roll toward the finish line. definance rested its case yesterday without calling former president trump to testify. and usually a case would proceed quickly to closing arguments but the judge raised concerns about the upcoming holiday weekend interrupting deliberations so he dismissed the jury until tuesday. we now expect closing arguments then. yesterday, attorneys and merchan held a charging conference to discuss jury instructions and tensions became evident when defense attorneys asked to include language suggesting trump relied on the advise of counsel in making decisions.

merchan became annoyed saying it was, quote, disingenuous. trump seemed annoyed at the interaction, tossing a note onto the table and crossing his arms. merchan says he aims to have jury instructions back to attorneys tomorrow. earlier yesterday, the cross examination of attorney bob costello concluded. you may recall he's the lawyer who advised michael cohen in 2018 and testified for the defense that cohen told him then that trump did not know of the payments to stormy daniels. that testimony flies in the face of what michael cohen testified in this trial. prosecutors on cross honed in on old e-mails involving costello suggesting costello was interested at the time in helping donald trump and rudy giuliani. the question for jurors, is whether they're wondering could costello testify now because he has interest in helping the form

president in the trial. costello's testimony along with the accounts presented by michael cohen, stormy daniels and other witness withs that testified, deliberations are expected next week and a verdict could follow soon of after that. maria: what a few days, lydia, thank you. former president trump calling out president biden after learning that his administration authorized the use of deadly force during the fbi's 2022 raid on mar-a-lago during the classified documents probe. according to the filing, the doj and fbi agents planned to bring standard issue weapons, ammunition, handcuffs and medium and large sized bolt cutters. they were also instructed to wear unmarked polo or collared shirts and to, quote, keep law enforcement equipment concealed. trump posted on truth social this. crooked joe biden's doj had in their illegal and unconstitutional raid of mar-a-lago authorized the fbi to the use deadly force. now we know for sure that joe

biden is a serious threat to the democracy. he's mentally unfit to hold office, 25th amendment writes president trump. the fbi says this is normal, though. in a statement, the fbi said this. the fbi followed standard protocol in this search as we do for all search warrant which includes a standard policy statement limiting the use of deadly force. no one ordered additional steps to be taken and there was no departure from the norm in the matter. jonathan, i've got to get your take on this as a prosecutor. deadly force. does that mean that joe biden was authorizing the fbi to -- if it came to that and he resisted arrest, it would be okay to kill donald trump? >> that's what it seems and i think -- maria: what does deadly force mean? >> that's exactly what it would mean if you were in danger, you can use deadly force. what i find surprising is the fbi say they're using standard procedure. this is a former president of the united states under secret

service protection. maybe you shouldn't use standard procedure. maybe you go, if it was necessary to get a warrant, you go there and you execute the warrant in the very -- the lightest way possible and you juxtapose that with the way biden was treated basically like a child when he's caught with classified documents instead of immediately doing a search warrant, they let him repeated library them to the fbi at their convenience, there's was no search warrant, no agents running in and even though they knew biden never had any business having these documents, trickled them out as suspicious times, and they found more and more of them and they treated him quite a bit different live. it's a heavy handed approach with donald trump and the lightest possible touch with president biden and we see that with -- one is to charge and one is to basically -- we don't charge because biden is infirm and feeble that is basically not competent which is sc scary in d

of itself. maria: over and over again we see that the democrats charge the republicans with things that they are actually doing. and they have -- this happens over and of again. now, the fbi and democrats keep saying things like trump is a threat to democracy. but biden is authorizing deadly force against this political opponent and then you've got fbi -- the former director, jim comey, back on television now with a new warning of what he thinks a second trump term would look like. watch this. >> when you think about a second trump administration, what do you think the implications would be for the fbi? >> oh, serious. for the justice department and the fbi. because trump is coming for those institutions. he knows their power and i think he has regrets he didn't work hard enough to corrupt them. i don't care how you feel about joe biden, you must vote for him because the consequences on the other side are too severe. maria: i mean, this from the guy who set up general michael

flynn, this from the guy who pursued a russia collusion charge against president trump when he knew it wasn't true. do we all remember when jim comey went on stage with nicole wallace from msnbc and mocked about how he sent agents into the white house to try to set up general michael flynn and president trump. watch this. >> you look at this white house now and it's hard to imagine two fbi agents in the room. how does that happen? >> i sent them. [laughter] >> something we -- i probably wouldn't have done or maybe gotten away with in a more organized investigation, a more organized administration. so if the fbi wanted to send agents into the white house itself to interview a senior official you would work through the white house counsel and there would be discussions and approvals and it would be there and i thought it's early enough, let's just send a couple guys over. maria: yeah, let's just send a couple guys over to set general

michael flynn up to commit perjury because he wasn't told he needed a lawyer there and they would be questioning him about these things and let's just pursue this charge of trump come lieutenant -- colluded with russia and let it go viral across the world and rip the country apart and this is the guy who is telling us there will be consequences for the fbi if trump gets back in. forgive ups if we don't believe you. >> this is the guy who is the poster child for deep state and the swamp. he was the head of the fbi. of courses saying don't reelect trump because then trump is going after deep state all over again and this time it will be stronger. maria: shouldn't there be some accountability a for what they did to trump and the renales for four years. >> -- republicans for four years. >> absolutely. there will be. mr. comey knows that, which is why he's saying, america, you can't reelect mr. trump. mr. comey's dear fbi will

finally come under some accountability. maria: correct. >> it's funny to hear comey say trump will come after the fbi and doj as if they haven't been coming after mr. trump and other political components. it's a complaint among a lot of voters, especially independent voters that i've heard and i think this is only going to help trump and his messaging about lawfare and about the doj. maria: people know this. they remember. >> the doj is so politicized now. it's really eliteism, they think donald trump is beneath them, no rules apply to him and when gets in office everyone will try to undermine him. you know, it's -- maria: it's extraordinary. coming up, we're taking a look at another major day of earnings, all eyes on nvidia, the stock is down a quarter percent, it's reporting after the tonight. the stock surged over 200% over the last year. there's not a lot of wiggle room

for disappointment here. we've got the word on wall street next with expectations. you're watching "mornings with maria" live on fox business. stay with us.

maria: welcome back. time for the word on wall street, top investors watching your money. joining me rights now is keens view asset management partner, mario vanaroso. also with us, adam johnson this morning. thank you for joining the conversation. i add saddam, i want to get -- adam, i want to get your take on earnings. target reported a beat on revenue, a slight miss on earnings, comparable sales down 3.7%, despite cutting prices in response to inflation. we'll hear from tjx later this hour. nvidia stock is the one to pay attention to. cheryl, did you tell me they were preannouncing on tar get. >> it wasn't a preannounce. they were warning us by discounting discretionary items. maria: for the next quarter.

>> they did it earlier this week. they said look, people are not -- they're being very pickynd if we're going to have sales growth, we'll have to discount the basics to keep people coming to target. maria: discounting is the issue, down 7 and two thirds percent on target. nvidia's net income is expected to be up 768%, revenue is expected to be 265% year over year, talking about 24 and-a-half billion dollars in revenue. the journal is writing some of the largest private debt financing deals are backed by nvidia's graphics processing unit chips and powering the technology revolution. the bet on a.i. has legs. but will the company meet the high expectations tonight after the close? >> as an nvidia shareholder, i certainly hope they had do but i will admit i'm a little nervous because the expectations are -- i don't think i've ever seen a company where the expected number as you just mentioned for

earnings is up 400 some odd percent, revenue up 250%. that's an expectation. and then what ceo jettison wang has to do is guide up as he has the past two quarters. i own it. i'm comfortable owning it. yesterday the stock made a new all time high. it's powered by artificial intelligence. their chips are the fastest in the worlds, many times faster than amd's, the chips at nvidia are capable at 60, six, oh, trillion calculations per second. that's why everybody wants them. maria: i want to know how to make money on this a.i. story away from buying a stock that's up better than 200% year-to-date. i'm reading fund strat this morning, t thomas lee, he's been spot on, on so much. tom lee says there are other areas, there are corollary ideas around nvidia like cadence, like super micro, both have high correlation to nvidia but with

varying degrees of beta in terms of how their stocks have moved. they're expecting a positive reaction to the nvidia quarter tonight. they think there's going to be a post earnings rally and with that you say you also could see a rally in things like super micro and cadence. what do you think? >> agree. this is why in last week's bull's-eye report for my subscribers, the title of the report was the 24 best a.i. companies. evidences absolutely right. it's not just nvidia. he mentioned super micro. super micro, they buy nvidia chips, put them in servers, create a platform. cadence design, i don't own that one, i do own synoptics which is a company that helps create semiconductors. maria: so you've got a whole a.i. space this week. >> you could have a whole portfolio -- maria: microsoft did their conference this week. that's also all about a.i. that's why that stock moved. >> absolutely. you could have an entire portfolio of just a.i. companies. because then they're all the use cases, the companies that use

a.i. like symbotic that's converting wa walmart warehouse. it's not chips but it is robots and a.i. maria: let's look at super micro and cadence. microsoft stock is up a quarter of a percent in the middle of the a.i. story this week as well but super micro and cadence as well. so those are the two themes that's driving markets. a.i. and rates. what else? look at rates. mario, what do you think about the 10 year yield ahead of the federal reserve minutes. we'll get the minutes out today from the last meeting and ahead of the minutes the 10 year is up almost 4 basis points. christopher waller said this, quote, several months of good inflation data we need before lowering rates. if the data were to continue softening throughout the next three to five months, you can even think about doing a cut at the end of this year. that's after the election. but the fed's annual economic well-being of u.s. households survey for 2023 found more than one-third of respondents cited

inflation as the biggest financial target, a number of households reporting they're paying nearly as much on child care as they did on housing, mario. >> it's astonishing. if we look what waller said, he said what everyone was thinking. when cpi came out last week we were in line with expectations, right. cpi came in slightly lower and it was as if rainbows and butterflies were all in the air. so fed waller, what he stated, i 100% agree with and at the end of the day, what is a pattern? a pattern is repetitive action and in order to have repetitive action we need repetitive data of lower inflation. not just a one-off report. we need consecutive months for the fed to lower. and look, we talked about it right before we went on. i can't believe it's going to be memorial day weekend. we have june, july and august. we need lower data in those months in order for the fed to raise in september. maria: we need to cut. >> excuse me, to cut in september. i think that's a big mountain the fed is looking up. maria: i don't think that april

a was a one-off. i think april was more elevated inflation. to me, i look at the first four months of the new years inflation, inflation, inflation. >> 100%. maria: it was no one-off. >> inflation accelerated in q1 and aprils was the first month where it didn't accelerate. maria: that's not a one-off. that's just steady. >> how good are we? progress resumed. i don't know if that's progress. if you look at the household survey from the fed that you were speaking of, if you look at child care right now, if you have two children in the northeast, it is more expensive to put your kids in child care than it is to pay rent or mortgage. the average number, get this, is $32,000 a year. that's $1,700 a month. >> for one child. >> two children. if you live in the midwest or south, it's $1,700 a month. maria: certain things are up 20%, 30%, look at auto insurance. talking about child care.

there's certain things in inflation that are up 20%, 30%, year over year, we talk about inflation up 3%. that's not everything. that's just an average. there's certain things he depending on what your life looks like that you're paying sky high for stuff. even media adam, pixar animation studios announced it will lay off 14% of the workforce, disney scaling back on streaming to focus on feature films. it's all connected. you're seeing pressure on corporation as well. look what cheryl was talking about with target. yeah, they beat in one area of the quarter but they have to do all a this heavy discounting. that squeezes margins. >> disney, it not been a great stock truth be told. i made a little but it's side ways and you look at nvidia, straight. i've been long disney because i believe it's one of my

investment thesis, when great companies stumble, dot, dot, dot, you buy them. disney is a great company, amazing franchise, they lost the story telling mission. bob iger is bringing it back. they have raised subscription prices and you can only raise them so far before you have a problem and that's what we're seeing now. maria: do they have a bench for leadership or will they keep going back to bob iger to run the company forever. >> that's an issue. maria: mario, thank you for joining us this morning. adam, you're with us all morning. we're grateful. quick break and we'll be right back. stay with us.

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and they're all coming? those who are still with us, yes. grandpa! what's this? your wings. light 'em up! gentlemen, it's a beautiful... ...day to fly.

maria: welcome back. former president trump's new york trial heads into the final stretch as trump's defense team rests without calling trump to testify. the former president says his defense team, quote, won the case and is calling on judge merchan to dismiss the charges. court resumes next week after the memorial day holiday where the jury will hear closing arguments then. here's the former president yesterday. >> i love new york. this is where i grew up. i was born here, i grew up here. and i see what's happening with this judicial system and it's just -- it's all kangaroos and we just can't have it. i think the appellate courts can

take care of a lot of things. this shouldn't get to an apell jet court. this should be an easy ruling. i think it would be great for judge merchan to rule from the bench. maria: joining me is new york congresswoman nicole malliotakis, a member of the house ways and means committee. congresswoman, good to see you of. your reaction to this trial and the closing arguments to begin next week. >> look, i've said all along that i believe that this is a sham prosecution, that president trump is being targeted because he is the political opponent to joe biden. and even being in the courthouse last monday, hearing the star witness, michael cohen, was obviously as we all know a convicted per juror, lied to congress, has served prison time. that's a star witness. i didn't hear any shred of evidence connecting president trump to what they're trying to accuse him of which by the way

wouldn't even fall within the district attorney's jurisdiction and we know t fec declined, said there was no crime, so did the department of just is the. i believe as you heard from president trump that this case should be dismissed and i do have concerns with the jury simply because this is manhattan where 85% rejected president trump, these are people that do not like president trump so i question whether he can have a fair trial simply because of the makeup of manhattan but anybody listening to what i heard in court that a day or what i've been following in the media should know that this is -- there's no evidence that indicates there was a crime that took place here. maria: we've been speaking with people every day who were in the courtroom the day before, yesterday i spoke with alan deer dershowitz who had a front row seat when michael cohen admitted he stole $60,000 from trump. >> i've rarely seen so many lies. he swears under oath that he

would not have accepted a pardon. he wouldn't have accepted a pardon. he already told costello he would do anything to you avoid going to prison, lie, cheat, steal, do anything but he wouldn't accept a pardon from donald trump. that was a clear lie. and then the judge refuses to grant a motion saying well, you know, if cohen lied, you've got 12 yorkers here, 12 new yorkers will see through the lies, not if the 12 new yorkers desperately want to make sure that trump doesn't run for president be, doesn't become president so the judge is abdicating his responsibility. he should grant an acquittal. this case should never go to the jury. there's nothing to the case, it's the weakest case i've seen in 60 years of teaching, practicing and writing about criminal law. maria: and congresswoman, i'm here this morning with jonathan ffahey, former federal prosecutor. you heard nicole's concerns about the jury. will trump be able to get a fair

jury? >> that's my concern. i want to have faith in the jury system. i've been a trial lawyer for over 20 years. you want think they will take the job seriously. there's so much pressure politically. i don't know. i agree with alan dershowitz, it's the weakest case i've heard of, worse than we could have imagined and everyone knows it's nakedly political and so shameful. the judge we talked about earlier, he has an opportunity to correct a wrong here and dismiss this case because it should never go to a jury. the only one that hasn't been proven guilty of a crime during this trial is president trump. michael cohen, every time he takes the stand more and more crime is coming out. this is just an embarrassment to the you judicial system but the judge has an opportunity to make this right before it goes to the jury. maria: congresswoman, what about that? you're a new yorker you cans is new yorker, is thereanything yoo ensure it's a fair process. >> look, obviously it's a

separate branch of government but we've gone to the courthouse, we've shown our support, we've been out there speaking about what a sham this is and this is the type of stuff we saw in my mother's homeland of cuba, they go out and jail political opposition to silence them and i'll tell you one more thing, maria, speaking to immigrants in my community, whether from china, from egypt, from albania, i spoke with all of those individuals and they're telling me this was only making them support president trump this cycle because they fled this. this is what they don't want to see happening in this country is a weaponization of the judicial system. maria: meanwhile, it's politics all the time on the other side. president trump brought up biden's decision to release 1 million barrels of oil from the northeast oil reserve. he's trying to get gasoline prices lower going into the election. jennifer granholm claims this is going to be important because new york could be paying more than $10 a gallon. she wants to get prices down for the summer, she claims. trump is holding a campaign

evidence meant the south bronx tomorrow evening, your neck of the words. spouters and protesters -- supporters and protesters are preparing to ship. what do you expect from the bronx. he thinks he can take some blue states like new jersey, new york. what kind of reception do you think he'll get in the bronx? >> well, as somebody who campaigned a lot in the bronx when i ran for mayor in 2017 i will tell you that the people are very warm and he receptive. in fact, we were able to double the percentage we received from the previous candidate for mayor just four years earlier by showing up and talking to the people. and i think that's exactly what president trump needs to do. i think he will be welcomed. these are people who share our values. they are conservatives for the most part. and things weren't nearly -- when i campaigned out there, weren't nearly as bad as they are right now under joe biden and continued democrat rule in new york state. remember, we didn't have the bail law there that increased crime, illegal immigration and the migrant crisis we're seeing,

high inflation as you say and energy costs because of president biden's anti-energy policies so i think president trump has the ability to make a difference here and i'm looking forward seeing him. maria: we'll be watching that. congresswoman, good to see you. thank you. we've got breaking news, tjx earnings hitting the tape. the stock is on the move. >> double beat on tjx, came in at 93-cents, the street was looking for 87. that's not adjusted but that's a strong beat. 12.48 billion on the revenue picture, the street was 12.46 billion so that's a beat as well. look, they're actually -- they're raising guidance for the year. for the full year. comp sales were up 3% which is in the high end of the range. that was actually better than expected. and again, they're looking for comp sales for the year to be up 2 to 3%. raising full year guidance. they're probably going to be looking to repurchase some stock as well according to what i'm reading right now so again, a pretty decent report from tjx. now the stock is starting to

move up. but the details are still kind of crossing so i think this is going to be maybe a stock to watch today. maria, the cost conscious consumer raising their head again and their hand again and saying we've got to be picky where we spend our money. maria: absolutely. cheryl, thanks. stock going back and forth had now as investors digest the quarter. stay with us. we'll be right back.

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maria: welcome back. futures indicating a mixed opening, the dow jones industrial average at the lows of the morning, down 75 right now with the dow, nasdaq is up 8 and a quarter, further into record territory. yesterday the nasdaq and s&p 500 hit record highs, nasdaq is up 6 points, s&p is down 6 points. take a look at yesterday's performance. the dow finishing shy of the all time high, up 66 on the session.

the nasdaq and s&p at all-time highs all three indices up 5.4% or more so far this month. keeping that may rally intact. joining me is former soros fund management chief investment officer, scott bessette back with me. thank you for being here this morning. what do you think is behind this market move here, year-to-date, on top of last year, as we watch an a economy that seems bifurcated at best. you made the point the high earners are doing well, not so much for the low earners. >> yeah. and maria, that's exactly it. it's a bifurcated economy. and several important factors here. one with, we had this massive government spending, 6, 7% of gdp, so that's really what's powering the economy on one side. and then on the other side, in an election year when there's an incumbent, the incumbent,

economic apparatus keeps providing a lot of liquidity, a lot of fiscal stimulus which the market likes and then we also have president trump ahead in the polls and the market focusing on november 5th and donald trump's market friendly policies of trump tax cuts being extended or perhaps made permanent, lower regulation, energy independence, and things being settled down abroad. we're in a nirvana scenario right now but it does speak to the two-tier economy and joe biden's america you either have assets and the top 20% has never done better, or you have debt and you're getting crushed by this inflation. maria: yeah. for sure. and that's been the case pretty much across the board, the inflation story, inflation's up 20% on joe biden's watch. this all has implications for

the dollar and the u.s. dollar reserves held by other central banks. kevin hassett made a comment the other day on the show, he said the if we see donald trump in handcuffs and go to jail because he messed with this gag order, who would buy a treasury in america? you'll see interest rates spike because people are going to be calling this place a banana republic. why would you ever buy a treasury issued by a banana republic. that's how kevin hassett sees things right now and i want to get your take on that because i know that the decline in u.s. dollar reserves held by other central banks is concerning to you. >> it is. and, look, we've had 200 years to build up credibility and the u.s. is able to exercise what's called an exorbitant privilege in terms of our borrowings. we have been able to fund these

deficits. we have dual deficits. we have the current account trade deficit and we have a gigantic budget deficit. we're able that a because of our credibility. we are starting to see foreign central banks moving out of the dollar, chinese have sold a massive amount of treasury bills over the past year and three years and they're upping their gold holdings. so this is a very unstable equilibrium because we're running these massive peace time deficits. we have never run deficits like this before either in peace time or during -- when we didn't have a recession. so we depend on foreigners to fund those deficits and if they stop, then interest rates go higher which is what we've seen here. maria: yeah. >> and the spectacle of a

former president being hauled away would not help anyone's confidence and i think that the american people, people abroad, don't believe that this is anything but a show trial. maria: this is just extraordinary any way you look at it. what did you make of biden's tariffs on chinese imports? the other day, janet yellen was asked about it. she said something like, well, trump's tariffs on china were a tax on consumers but biden's tariffs on chinese imports, well, no, that's not a tax on consumers, that's targeted. that's what she said. >> yeah. look, i think secretary yellen has taken a lot of controversial positions lately that are not helpful for her job of representing the u.s. treasury

and th these tariffs, it's me tme too,electioneering, michigae of the most important swing states, there's a lot of ev tariffs. obviously the chinese are subsidizing and dumping globally with electric vehicles. so it was just a bit of me too and electioneering like this incredible 7.7 billion, probably illegal student loan forgiveness that we saw today. maria: right. >> so i think the biden administration's macro policies have been a disaster for the american people. we can see that. it shows in the polls, it shows in the handling of the economy and then they try this series of kind of central planning micro interventions whether it's ev tariffs, we're going to cut back on the student loans, you know,

we're going to do this illegal forgiveness of student loans. we're going to dump the gasoline reserve. secretary yellen has taken the strategic petroleum reserve down to a 40-year low. i expect her to do a massive dump between now and november 5th. this is all central planning and at the end of the day it doesn't work. maria: it's all central planning and it's all about the election, that's it. and by the way, these tariffs on evs, greg brown, the chairman and ceo of motorola solutions, he made a really good point to me. he said to me, 100% tariff increases on electric vehicles, sure, it sounds impressive, right. until you recognize only 7% of the people in the united states are driving electric vehicles. 2% of the imported electric vehicles are coming from china. 2%. okay. so, yeah, is it significant? i guess. is it consequential? no. 2%.

it's one of those things that's a headline ahead of an election but doesn't hurt china all that much at all. scott, let me get your take, bloomberg published a piece last week, said ex-soros star jockeys to run trump's treasury. you're on the short list to become treasury secretary should president trump choose you. if that were to happen, scott, tell us the most important policy measures to you. what policy measures do you believe are most important in a new administration? >> yes. so maria, before i answer that, i'd like to make three points. i said there's no jockeying going on. what i'm trying to do is i think 2024 is our last chance to grow our way out of these debt and deficit problems. one, i am out sounding the alarm that we a need all hands on deck for 2024. two, there are no jobs in a

trump administration without donald trump winning. maria: glie right. >> so i'm out trying to help president trump win. i along with ray jackson, we're hosting black business people and entrepreneurs today in d.c. who are all very curious about the republican party. and then three, i have my business and this is an exciting macro -- as an exciting macro environment as i've seen so that's what i'm doing. i'm not jockeying. maria: i understand. i understand. >> but what i do want to emphasize is we need to go back to the private sector growth strategy that president trump had in trump 1.0. we just have to do that in trump 2.0. maria: i like what you're saying growth. that's exactly what we need is growth. we're at 1.6% growth in the first quarter according to the

last gdp and if you actually have a focus on growth, well, then the policies will reflect that and that's called lower taxes, that's called -- i mean, a lot of things go into that in terms of that policy but real quick before you go, you said you're hosting these black entrepreneurs. are you seeing a change from the black community for president trump? >> look, i think we are seeing -- we're seeing a lot of people who are curious. we are seeing the traditional democratic stronghold of black voters who they believe that joe biden and the democratic party have failed them and i couldn't agree more. maria: that sounds good. we'll leave it there. it's great to see you, scott. thanks very much. please come back soon. >> good to see you. thanks for having me. maria: scott bet bessette joing

us this morning. stay with us. we'll be right back. with liberty mutual! (inaudible sounds) (elevator doors opening) wait, there's an elevator? only pay for what you need. ♪ liberty, liberty, liberty, ♪ ♪ liberty. ♪

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maria: welcome back. results are rolling in from yesterday's primaries in california and georgia. cheryl with details now. cheryl. >> that's right, maria. california voters advancing republican state assemblyman to replace kevin mccarthy.

he will fill the slot until he faces the republican challenger in november. two georgia officials leading the election interference case against donald trump surviving the primaries. fani willis beating christian whitessmith. scott mcafee won to serve four more years. some breaking news overnight, the latest they the sean diddy combs drama, he's been hit with another lawsuit. model is suing the rapper for allegedly drugging and sexually assaulting her in 2003. court filings say they left a fashion show together, went back to his studio where she apparently smoked a joint that she thinks was laced. she says the rapper forced himself on her. she says she's been blackballed from the modeling industry, days

after the rapper apologized for the brutal beating of her ex-girlfriend. diddy says he takes full responsibility for his actions. the lawyer slamming him for making it more about himself. hes is facing multiple lawsuits alleging abuse, sexual you assault, sex trafficking. agents raided his property as part of the inquiry. mayor adams is considering revoking the rapper's key to the city, the first time that's happened. all right, the city of denver now giving illegal migrants apartments, food, computers, pre-paid cell phones and bus passes. it's an about face from the city's earlier efforts to move migrants into shelters, many refused to enter the shelter system at the time. they prefer to set up tents outside. initially the new program and approach will house about 650 migrants. the apartments are provided for at least six months, maria. denver taking a different approach.

they're clearing out the hotels for different reasons. in the city of denver. but still the taxpayers will be on the hook for all of this. just to point that out. if you're living in denver, that's what you'll be funding. there's more. there's literacy programs for the kids. there's all kinds of stuff. it is the red car be pet. carpet.>> we take better care f migrants than we do of our veterans. it's shocking and it's a disgrace. >> new york city, you can't afford to rent an apartment if you're an average person but you get a free hotel stay. maria: what is the obsession with foreigners breaking the law. >> ask the liberal led cities. denver is a blue city like new york. >> it's not just veterans. they get better treatment than american as a whole. maria: the veterans analysis is important. >> they should be treated better than anyone, the veterans. >> yes. >> you know, it's blue cities have been hemorrhaging cash. new york, 12 billion y by 2025.

boston, 1 billion this year alone. it only mattered in the lead-up to november. you're only hearing about this now. maria: three years biden did nothing and six months before an election we're talking executive orders, we're talking the wall, do everything. >> by the way, don't forget, more student lobe forgiveness -- loan forgiveness. >> can i point out one thing really quick, though. this isn't the migrants that have been fighting for all of this. at least in the case of denver. they've got all a these advocacy groups that are doing the work for them. and that is what we see, it's called the homeless industrial complex, right here in new york city, look it up and google it. maria: you're right. good point. meanwhile, missouri senator eric schmitt is with us this morning, he was in court yesterday on day 20 of trump's hush money trial. he'll tell us what he saw, what he witnessed up close and personal after the break. you're watching "mornings with maria" live on fox business. stay with us. (vo) explore the world the viking way

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good wednesday morning thanks for joining is this morning. i am maria bartiromo. it is wednesday, may 22, 8:00 a.m. on the east coast, former president trump so-called hush money trial into the final stretch now as trump defense team rests without the calling