back good wednesday morning thanks very much for joining us. i'm maria bartiromo. it is wednesday, may 289. it is 8:00 a.m. on the button east coast time for hot topic of the hour former president trump new york trial at 10 a.m. this morning everyone judge merchan will give instructions lydia hu live from new york state supreme court right now with the story lydia. >> yeah.

good morning there maria, this six week trial culminated yesterday in marathon day of closing arguments jurors sat until 8:00 pm to hear 8 hours worth of closing remarks, five of them came from prosecution, now under new york law, it is practical that defense attorneys go first, so defense attorney todd blanche addressed jurors first up reminded jurors this is quite simple about documents whether they've been falsified he argued to jurors there is no evidence that documents have been falsified in this case, planch honed in on michael cohen calling prosecution emembattled star witness human embodiment of reasonable doubt they concededed michael cohen has baggage with track record of lying but prosecutors still

insist he should be believed, some experts say prosecutors used the judge's long leach for help in making their case to the jurors yesterday just merchan allowed repeetdz references to 2018 guilty plea to federal campaign violations, listen to this. >> defense objective merchan just -- overruled it allowed the prosecutor to repeatedly state that the federal election violations by trump are a fact. and that there is not any dispute to that. and merchan just sat there he was, as useful as a ficus plant. >> court takes off 10:00 a.m. at that point the judge will issue his jury instructions should take an hour, means case should be sent to the jurors for deliberations around 11:00 a.m. this morning after that we are on verdict

we have to see how the 12 members of this jury are going to decide this 34 felony counts that have been charged against the former president maria i send it back to you. maria: lydia hu in new york joining us for the rest of the show rest of the hour big money show co-host brian brenberg, great to see you. thank you so much for being here i know you've been tackling this on your show all week. >> it as i franken stein case legal theory nobody can understand, nobody can trust looks like judge putting thumb so hard on scales to prosecution might sprain his thumb that is where we are in this case they trot out robert de niro yesterday to talk about what's going on here it looks like day desperation this case oozed, you have five hours of closing argument, what does that tell you as a jury when it takes them that

long to bring this case to landing what it tells me is they don't believe in their case they are just throwing spaghetti at the wall at this point, so a to me jury goes back, i don't see how you get unanimity on conviction i don't see on acquittal either strikes me like a hung jury situation maria, that i think is actually the worst the thing for the prosecution because looks like the mess it came in as. maria: , if a hung jury we leader from the former federal prosecutor on set with us said they are going to do another mistrial before elections go over this all over again. >> they may do that. >> -- that profoundly works to the advantage of donald trump, because if it looks like they're going to throw this at him again and again and obtain american public who don't

understand this case to begin with say they are obsessesed with him not justice with them that is a winner for him actually a political win. maria: i mentioned, de niro let's take a look at that bizarre press conference yesterday after weeks of avoiding trump trial biden campaign showed up yesterday outside the courthouse, for event of their own, took jabs at president trump with help of robert de niro. >> i love this city. i love this city i don't want to destroy it. donald trump wants to destroy not only the city, but the country, and eventually can destroy the world. i owe this city a lot that is why it is so weird that donald trump is just across the street. he doesn't belong in my city this city is pretty

accommodating we make room for, not a person like trump eventually runs the country, that does not work. >> trump is going to destroy the world? trump does not belong in new york city? the guy -- built some of new york city, look at skyline after the event de niro began lashing out other trump supporters, watch this. >> trying to be gentleman in this world democrats you are against them you are against them -- [bleep]. >> -- -- [bleep]. maria: wow. . trump derangement sympton somebody derangeed. >> trump derangement syndrome on professionally seeing on tell visitation firsthand we lied de niro in 90s in good fellow today showing american

people he is out of touch can achieve american dream most americans can't today he opportunity even understand what he is saying trump is a dictator? it is biden remember biden authorized legal detailed force against president trump during mar-a-lago raid bidenlawed for our country to going to abysmal place world peace sheltered hamas sympathizers allowed in our country to protest this is biden's dictator ship de niro so out of touch. >> fbi came back, said no there was nothing unusual about the raid. lethal force it was -- we did stand at protocol what fbi said. >> that is not standard protocol you do not get obliteratant authority joe biden did not give authority for deadly force against osama bin laden but going after he former

wow. wow. wow. . >> i think deniro another example of hollywood liberals in the bubble don't understand you what americans are worried about not thinking about gas prices grocery prices things people want to talk about when it comes to this election have ol more they take away in donald trump message the only play they have. >> president biden getting slammed for ignoring concerns over his alleged plan to take in gazan refugees joni ernst is here with more on that you are watching "mornings with maria" live on fox business. stay with us. . ♪

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frankenstein welcome back. now iowa senator joni ernst calling out biden

administration for ignoring questions doubling down on plan to welcome refugees from gaza into the united states white house says it has already helped more than 1800 people leave gaza, with many of them coming here to u.s. state department responding to alert from senator ernst about its plans for refugees claiming quote any individuals from gaza who have travel or would travel to the united states are thoroughly vetsdz as safety and security of the american people is our top priority, joining me now woman here's iowa senator joni ernst, senator what do you make of that response to your letter? they say the safety of american citizens number one priority yet the actions don't prove that given the wide-open border. >> exactly, maria. thank you for having me. we have flared the administration, that they want to bring thousands and thousands of people from gaza, into the united states, and

this doesn't make sense to me if we look at afghanistan, follow fall of afghanistan we saw supposedly vetting a number of afghans allowed into the united states but investigation since then we've seen horrible failures, without being processed so take people displaced allow them to come into the united states, i think is fool's er ands risks our national security. so there are a number of countries much closer to israel where these georgians could be evacuated to if truly concerned about their safety the state department should be working with other arab nations potentially allowing gazans to enter i am concerned about national security this makes no sense to me. >> they said anyone travels here getting vetted thoroughly

they used that word thoroughly do you have any idea how vetting process is taking place. no maria, not come to brief us in congress, so i think the president is throwing this idea out there, of course, close to general election perhaps will appease some folks hamas supporters those folks on the very far-left bring them into this is camp again, we are risking national security bringing these folks in, until they explain how they are going to vet these people, we should not allow them to enter into the united states brian brenberg brian: what scares me you said 1800 refugees into country before you wrote the letter the process is already in motion, and if you were to pick up on it nobody would have picked up on it tells me it is probably more than 1800

probably half million ways that we don't even know how do we get a handle on the administrative state that does what it wants when it wants it doesn't want anybody to find out about it. >> that is all very, you look at the southern border as maria pointed out we have people that are poring into this country not vetted, there are millions over 10 million people that have illegally crossed into the united states. so do i think that the state department is thoroughly vetting appease fem from gaza no, i don't believe it i think the goal to admit as many people as possible, under dark of night, but we can't allow that. maria: why? what is the goal? >> well that is a good question. you would have to ask biden administration i think we can speculate all day long as i

have pointed out i do think about appeasement very far-left you know, protests where was president on any of that? to appease all those, liberal voters that are out there openly supporting hamas. >> israeli tanks reaching the center of rafah for the first time yesterday as israeli military expands its operation there the white house says the israel airstrikes that killeds dozens civilians two senior hamas leaders in rafah over the weekend was tragedy but did not cross the administration's red line would lead to change in u.s. policy watch this. can you explain how the strike in rafah does not cross the lines that president has set, many of you have repeated, that the operation targeted limited. >> we still don't believe that major ground operation in rafah is warranted we still

don't want to see israelis as we say smash into rafah with large units over large pieces of territory. we still believe that, we've seen seen that at this point but going to watch this, of course, very, very closely. maria: yeah, watching it closely, senator but new york congresswoman alexandria ocasio-cortez is claiming israel's rafah attack was done in open defiance of biden's red line calling for president suspend all military aid to israel right now, senator we know, that already the biden administration held back weapons. >> yes. this is a concern to me is that here we are as united states of america dictateing to another country, how they are going to defeat terrorists. i am certainly -- would be adamantly opposed if another country came into the united states of america how we should debate terrorists, israel has a right to exist we know will always be threatened

as long as there is a thread of hamas remaining, so i think the president needs to back off of this but, again, here he is, just, allowing the far-left to dictate to him what he says and does in support or not in support of israel. we need a new president, we need a president that will support israel, their rights exist. >> senator i am curious if when you look at biden administration response here, if you see some failings in our ability to get the military where it will needs to be with gaza pier sayings failure or bad situation or military not prepared. >> i think our military is always prepared, god bless them, we have the best servicemen and women anywhere in the globe they will strive to do best they can being with whatever task they are given unfortunately this was a

fool's errand the president, humanitarian aid into gaza that is noble we know as that is delivered going to be taken by hamas, it will not get to the palestinians that are most vulnerable, it will not get to palestinians women and children we know hamas is taking it i think this was an projection by this very week president to try once again show far relatively he has a heart but unfortunate we know the realities of war, in war those that are strong are -- taking from weak hamas as i terrorist organization. and they will continue to prey on innocent palestinians that means taking everything that palestinians need for themselves. >> senator you are the ranking member of the small business committee wanting more

business failing within first year operation according to lending tree from labor department more than 33 million small businesses in the united states but americans may be less likely to buy goods and seniors under inflation what can you do for small business in face of new rules and regulations that are biden administrations climate change agenda. >> yes, very tough, maria. again, our small businesses really are the backbone of world economical like iowa other states 98% employees in state are employed by small businesses, but they are feeling the squeeze, of regulation from the federal government, federal government has got to back off. again, this will not change until we have a new administration. when president trump comes in you will once again see the strength of small business across the united states of america. >> so i guess you have

optimism about trial. >> i do the trial as is farce people see that across the united states of america, in iowa i hear from them all the time, just how ridiculous this is it makes people want to support president trump even more. >> joni ernst joining us this morning, and we will check in again soon we'll be right back.. . if you have wet amd, you never want to lose sight of the things you love. some things should stand the test of time. long lasting eylea hd could significantly improve your vision and can help you go up to 4 months between treatments. if you have an eye infection, eye pain or redness,

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o move conoco film phillips down better than 2% "the wall street journal" reporting con fo phillips will acquire marathon oil all stock deal worth over 17 billion dollars conocophillips expected to increase dividend by 34% to 78 cents a share expects share buy backs over 20 billion dollars first three years conoco fill is shares up 17% last year marathon oil up 16% that time frame this happens on heels of the chevron acquisition of hess we are waiting for regulatoryr regulators to sign off on dow industrials up 3% s&p up 11% nasdaq up 13% bay have it all-time high yesterday above

17,000 for the first time, joining me medical ill wealth management president co-head eric, great to see you thank you so much for being here congratulations on this big job you just hit 3.3 trillion dollars, in assets under management wow! . >> again thanks for having me lucky to be here not only behalf of myself but great pattern in team around the country really representative us final advisers that work with clients every day. >> how do you want to allocate 3.3 trillion i was reading fundstrat thomasly said any weakness buying i dip seasonality good for june how do you see see it 2024 off to nice start if you look back 23rd last thursday 100th trading day of the year market up more than 10% so far year-to-date.

history would tell us, there is about 80% chance we still have almost double-digit returns for remaining days in the year so i would agree, but for us it comes down to individual conversation cliernts having with financial advisories that is heartbeat of business human conversation clients have every day with financial advisories, risk, time lines, goals the markets matter between now and evident of the year discussion we are having what is it going to take to retire to buy a home, send kids to school, 2024 -- but, you know, conversations are positive are. brian: i think a lot of people expecting good 2024 there is a lot of fomo out there people want in, they want to know when to buy, but part of your job is to help temper expectations with longer term view as well, look at macro environment, i don't know where rates go this year massive debt how do you help clients kind of balance

wanting to get in on the good stuff ai others have a balanced view of where the macro economy is again, just comes back to that conversation that individual clients are having with, financial advisers, of course, history lesson some experience, and, you know,, we've got a great team from our office chris that team helps clients determine individual allocations, market outlooks, an considering hiem some old adages are working buy and hold buy the dip. trend your friend. >> asset allocation works things with dividends. >> everything good -- >> -- but, also, i know, you talk about the cash sitting on sidelines the last year year and a half cash has become an investment, and you see

allocations what rates are being paid on cash we think one more interest rate cut later this year. >> look at 10-year as we talk about this big week key inflationary data you think going to see cut after election or before look at 10-year up 2 basis points to 4.5, 4.56 when it walked in alternative year auction yesterday, 4 1/2, but working with kandiss, chris we think you are going to see a cut around september later in the year. >> we get second read first quarter read thursday tomorrow april pce friday what does macrostory backdrop completeness to you how does that fit into decisions on asset allocation comes back to earnings are strong jobs are strong, there is a lot going on geopolitically as we know a

lot going on with the election. we think having a plan staying vested earnings solid jobs solid we think interest rate cuts will come again, in our world the business that we lead is just about tailored advice at individual level understanding their needs. >> in this market earnings season saw ai spending, spending into the transformation in technology do you see investors wanting in on ai? is that where trying to put money ai and tech? or going for lower valuation types. >> we think a growth story at play a value play, now. >> both. >> you could, you are seeing some popular names technology stocks but also seeing healthcare play financial play.

broad diversification. >> i have to ask i know about individual conversations what would you say to some of these younger generation millennials thinking about buying home what is the investment portfolio for them given they don't have a lot of assets right now including he money in bank account. maria: great point. for me not so much poverty it would be conversation please get started talking to young investors i am a father i have two 20 something-year-old children, struggling with them this is what do i for a living, but missing out on the opportunity missing out on what, compounded interest missing out on things matter so getting started early, making sure you are taking advantage of 401(k) opportunities the things to puts money way tax forward base will real-time help you have a poverty could lead to

home ownership. >> that is where it started, we'll be right back. stay with us. . so, what are you thinking? i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. morgan wealth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management.

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anymore. find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. maria: welcome back, federal prosecutors reportedly preparing to bring as you know "diddy" combs accuser before a federal grand jury in new york city. cheryl: reports are actually just breaking this morning, so the federal prosecutors reportedly preparing to bring two accusers of diddy before a grand jury in meant according to reports going to testify before that federal grand jury sources, preparing for a case major escalation in probe into accusations of sexual assault against rapper, named in eight

civil suits just since lastly november, remember los angeles, miami homes raided so again looks like the cases, against sean diddicome the federal one doj, looks like its moving forward. israel protesters causing three million dollars worth of damage at manhattan city college according to top official costing extra security damage roof cleanup contributing to total taxpayers on the hook for college, as you know, funded by new york city residents according to one official losing money should go to aide students in signs technology, math programs instead going to be paying for cleanup. >> porsche unveiled first ever hybrid version of one iconic sports car the new 9/11 carrera gts zero to 60 in 2.9

seconds fastest we've ever seen in a carr like this reaches top speed 194 miles per hour bin wheel very low price 164,000 dollars. >> i would like to get in on one a bit of ev but the backup of a gas engine all works, goes fast only you know a couple hundred grand. >> who he wants a convertible? going from -- where are you allowed to do this? let me know. >> make your own rules. >> if you are in a porsche do it. >> marymount tiny new york city college going to mortgage with northeastern university interesting to see what is happening in college space, posts all the costs, the condition of these schools, we may very well see more

consolidation. >> i we're in if good a lot of parents don't want to send kids to columbia university right now mar mt. merge with northeastern, thank you nearly 50,000 chinese nationals, according to customs and border protection more than 30,000 of 50,000 in california, pennsylvania congressman guy reschenthaler about this why so many chinese nationalss coming to the u.s. in open borrowed watch. they could be here to perhaps when china tried to invade taiwan try to attack critical infrastructure, could try to foment civil unrest leading up to 2024 election, being trying to infiltrate some sectors we don't know. but knowing china, knowing the controls they have knowing their long-term goal supplanting united states as global superpower we have to assume here for nefarious

reasons. joining me distinguished senior fellow for border security rodney scott thanks so much for inject you with in san diego sector for years has what is your reaction to 50,000 chinese nationals crossing the borrowed into america since october, 30,000 the bulk in san diego. thank you for having me on this morning maria, i think that really important to point out vast majority 90% are single adults, significant threat to the country, piece people don't understand the language barrier so in this case when agents try to interview individuals very time-consuming the number one most important thing in vetting is the face-to-face interview fingerprints criminal record checks rely on china sharing information with us they are not going to share information with us if sending people that they are going to do us harm, a real national security threat. that is the point why coming

here what dorm do you think they are trying to do saboteurs, when if china gives directive to create upset in america? >> you know, wield be speculating this is what we know for sure chinese government has been very outspoken, to go to war you don't have to fire bullets missiles there are ways to it does much more impactful to just slowly infiltrate influence society change from within whether this is like social media creating division arguments in our country or that they are actually going to physically attack at some point the fact that china is an actual nation state threat to the united states is not debatable this is all controlled by china on on the of this we see mexican cartels working with china to bring fentanyl in killing more of our youth, than any terrorist attack ever has before. maria: yeah, poisoning, that

is right. >> everything you look at a national security threat. >> we are learning they want information from our military as you installations surveillance balloon before military installations now house republicans demanding answers after two illegal jordanian nationals tried to breach the quantico base secretary mayorkas, the biden administration scrambling six were quote/unquote vetted but agents are barred from seeing certain classified information that would inform their division fox. >> do you have to pay a

cartel. >> yes how much? >> so a 10,000. >> 10,000. >> yes. >> -- in people like, who come into this country they don't know? how not good killers psychos what else, you want, nothing could be -- >> no security check no background check you are worried who is crossing the border. >> yes, yes of course, like people aren't normal. >> rodney how is it possible that we are allowing people on terrorist watch list to come into the country what level of terrorist threat are we facing right now do you to this wide-open border. >> that is a great question this administration, and remember i was chief first seven months under biden administration they refused to admit there you are threats to this country that last clip bill did a great job you didn't see a single border patrol agent near them they

are processing people caught yesterday because this massive chaos, provides cover for the cartels, any nation state that wants to threaten us. the terrorist watch list is great do what we can to put people on not every threat to the united states, they have fingerprints taken on watch list we need to close the widespread this is a huge national security threat. >> you did a great job at the border thanks for your leadership this requires a longer conversation i hop you come back soon to dig in further. >> i will come back any time. >> thank you rodney thank you, sir. we'll be right back.. . to transform business, accelerate growth, predict trends, you need to begin with trust. introducing watsonx governance. helping you govern any ai, as data, models, and policies change, so you can scale it responsibly. let's create ai that begins with trust,

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cranian president zelenskyy warning if president biden misses a peace summit organized by kyiv in swiftlies landed vladimir putin will applaud his absence white house signaling support for summit mass not said whether biden will attend does it matter. >> "new york post" reporting bad biden policies weapons shortages hurting ukraine's fight that they feel abandoned, joining me right now to talk more about biden's foreign policy is renewed the democracy chairman gary,

author of winter is coming a must read gary great to see you. >> thanks. >> thank you so much for being here this morning, you wrote an op-ed, last year, a history of betrayal biden's team keeps negotiating about ukraine without ukraine, you wrote that back in august of 2023 we see say things are even worse. >> absolutely. because we're at war like it or not it as i war global war between freedom and tyranny from ukraine to israel to venezuela to taiwan, and while we have a very capable willing coach on the other side russia, china unify iranians, taliban maduro, terrorists like hamas hezbollah, our side we just are headless the united states nowhere pooeb found this administration, about united free, putin fighting world war four,

russian propaganda insisting, the cold war soviet union lost trying to get revenge they believe they can do it because of lack of political will. maria: we could go back to any number of decisions biden administration made to try tro better understand allow we got here but i want to take you back to you afghanistan draufl seem to me to withdrawal put adversaries on march no worn china as aggressive as it is no won putin as aggressive as he is was that beginning. >> the beginning is obama decision to let -- in office, afghanistan something visible, the pictures from kabul airport i think signal to putin could attack ukraine, america left behind 350 afghanis worked with americans god knows what happened, evacuated, left country in hands of illegal fox people

concerned about america, it is living in risu misery putin made decision to attack ukraine america is weak it was not even, in saigon worry was lost, this was not lost afghanistan, biden made decision one after another betrayal afghan ukraine, israel, venezuela all over talking defending democracy left helpless facing china, look at africa, they supported, americans. maria: also on that list of failures with regard to biden foreign policy what he did with russia, and allowing russia to keep generating billions in oil revenue to

europe. >> again -- you understand this is putin, oil, and what is most important biden administration is, afraid of ukraine winner the war very clear, they never said ukraine must win, ukraine is, zelenskyy ukraine feels abandoned, american weapons to shoot raurnt territorys recurrence have all capable forces hamas across the border ukrainian, biden administration when regime change in russia nothing will happen until we change in moscow -- >> does that regime change are you expecting that. >> if russia's history any guide for us only political to happen after major geopolitical defeat in this case means losing war in ukraine ukraine, we will

takeing crimea the only chance, for forcing russia -- >> we've got a graphic up dangerous u.s. foreign policy under president biden goes back to waiving sanctions on putin may of 2021, the satellite images, that show russian mill buildup near ukraine, we knew happen before invasion you go to israel canceling china initiative why canceling china initiative now secretary general stoltenberg allies calling to lift restrictions, strike targets within russian territory what is your take on this french president macron says ukraine not allowed to use kruz mils. >> only two oppose it united states, germany, listening to biden, united kingdom, canada,

canada france, of course, all allies want -- some this agency stalling it i believe to have a deal with putin about protecting the breach crimean breach not allowing ukraine to use twopz attack russia i don't know what kind of deals made but trying to negotiate out of the war a iran, russia, china make huge concessions to maduro, war can only win by concessions a war we can win or lose putin wants to win has a plan, iran has a plan china has plan about destroying the world order that was built 20th century under american leadership. >> but no plan in the u.s.. >> absolutely not. >> we need a mitch longer conversation do you have advise for the most important policy change right now? >> look. it is about, make america visible should become

a force people waiting all over the world for america to reappear. good point thanks very much we'll be right back. .

maria: just enough time to thank this esteemed panel. thank you so much for being here. great conversation. >> thank you. maria: thank, ladies. and thank you so much for being here. see you again tomorrow, don't miss if brian on "the big money show," 1 p.m. eastern live wit