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♪ ♪ maria: welcome back with. good thursday morning, everybody. thanks very much for joining us this morning, i'm maria bartiromo, and it is thursday, june 6th, 8 a.m. on the button on the east coast. we are honoring american heroes today on the 80th anniversary of d-day. former president trump on hannity last night if talking about what his trial and the conviction mean to the 2024 election. watch. >> >> they want to arrest on no crime, they want to arrest the person that won the nomination in a landslide. there was nobody if even close,

in a landslide. the person that got millions of votes, more votes than any other9 sitting president this history in the last election, the person that won an election that he wasn't expected to win against hillary clinton in 2016. you can go back to the all of these legal scholars, they can't believe what's happening. some of them don't even like me, and they're saying this is a very, very dangerous thing that's happening. you know, we can't let this happen, and i will do everything in my power not to let it. it is weaponization of the election, and we're talking about i think the most important election in the history of our country. maria: by the way, early voting in some places begins in 106 days. get out and vote. a new quinnipiac poll shows president trump leading president biden by 5 points in georgia even after trump's guilty verdict in missouri. now a georgia court of appeals yesterday announced it is pausing the fulton county district attorney fani willis' election case against trump. of it is paused indefinitely

until it hears the case to disqualify willis many october. trisha, your reaction rah. of course, trump wants her disqualified because of her affair with nathan wade, her prosecutor. >> yeah, right. of course, this is a coup for the trump camp. i mean, at least on this issue in georgia, no october surprises there. for fanny willis who actually faces an election in november and has a hearing possibly to be removed from this hearing on october 4th, there could be with an october surprise for her there. but on the general, you know, how does this affect donald trump in 2024, i mean, it looks like based on poll a lot of people is have receded to their own camps. i think this is predictable given the fact that most experts can't even articulate what are the charges? what was donald trump found guilty of? it kind of becomes a trump good, trump bad. anecdotal ally, i will say those of my friends who are apolitical or even never trumpers really have seen he would not have been charged, much less been found guilty if his name was not donald j. trump. maria: yeah.

and that's why a lot of people think it's a total sham. i pointed out that early voting givens in september, and president trump has been quite -- begins in september, and president trump has been quite vocal about a people getting out. it's a pivot. we have to win, get out, do everything we need to do whether it's mail-in ballots or early voting, and the early voting starts in september. >> we have to get out and vote because this is the most important election in our mission's history, can and trump has consistently -- in our nation's history. the stakes are so high, and donald trump's interview with hannity last night if i thought was very well done with respect to him staying positive on the issues and point out all the differences. i mean, joe biden, the only thing he has to run on is getting trump, anti-trump messaging because he has no policies that have worked for the american public. there's a reason why on every single issue he's failing in the polls, and the georgia poll with trump ahead really, again, speaks volumes to what trish shah a was mentioning. we're not stupid. joe biden takes the american public for idiots, but donald

trump recognizes we're all having these hardships and putting food on the table is the number one issue when people go to vote. maria: yeah, inflation and the economy, for sure. and they thought they were going to get him with all this lawfare. it's not working, mark. new york verdict likely to be the only one before the november 55th election with georgia and florida, d.c., all on hold right now. >> yeah. and to trisha's point, if his name wasn't donald trump, he would not have been convictedded s -- convicted, he would not have been charged for these crimes but a we can go back to what -- because we can go back to what hillary clinton did in 2016. she spent tons of money and classified this money as research to the try and generate the steele dossier with, classified it as a legal services, okay? so she false ifyed records -- maria: that's right. >> -- with an intent to influence the outcome of an election -- maria: if sound familiar? >> and michael coang a low when to with now works for alvin bragg was number three at the

doj in 2022, and the federal election committee and the clinton campaign struck a deal, no criminal charges, just a $113,000 fine. maria: how do they get away with this? after all of those years that russia -- and everybody knows i, this story really matters to me because it ripped the country apart, and i knew it was fake from day one. i said it on the air, and i got trashed and attacked for it. there were never if any consequences for making up that lie, paying for the steele dossier if making belief that a it was real, pushing it through the cia and the fbi. >> the scariest part for our country that the democrats are no longer sneaking this stuff. they're doing it in plain sight. [laughter] we can all see them doing it, and and they continue to do it. maria: yeah. >> they know that they hold the cards. maria: you know what i thought was really rich the other day, andrew mccabe on cnn, the former fbi guy who was very much driving the russia collusion, crossfire hurricane investigation of trump, he claims certain fbi agents are

worried that trump is going to throw them in jail. why? because they know what they did. they pursued crossfire hurricane when they knew they had no evidence, and they spied on a sitting president, and now he's worried he's going to go to jail. >> well, the democrats accuseded to the republicans of doing exactly what they're doing -- maria: correct. >> over and over again. and, yes, mark, it's so blatant because joe biden basicallies has all a these judges -- basically has all a these judges, the security, the department of justice, everything. those are his proxies. they're everywhere, and again, he's looming in all of these cases whether he's there physically or not. maria: it's exactly the word that john ratcliffe used, proxies of the biden administration. today we are honoring american heros on this, the 80th anniversary of d-day when so many courageous men and women fought for our freedom. president biden is speaking in norman canty, france, right now, and we're going the take you back there. we're just getting started this hour. quick break, and then the european central bank rate decision out any moment,

expected to cut interest rates by 25 basis points. jason trennert is here with reaction. don't miss it. you're watching "mornings with maria" live on fox business. we'll be right back. ♪ ♪ i watch her every night, she's really out of sight. ♪ maria bartiromo, mara a -- ♪ maria bartiromo, mara a -- maria bart eau romo -- bart row hoe ♪ ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ [thunder rumbles] ♪ ♪

maria: welcome back. take a look at future, the dow industrials down about 15, but the nasdaq's up again, 36 points higher. the s&p is higher. both the nasdaq and the s&p 500 begin the day in record territory. markets in the green across the board so far this year, certainly. dow industrials showing a gain of about 3 year to date, the s&p's up 12.25. look at the nasdaq, up 14.5% year to date. yesterday another huge rally hitting a record high. joining us right now is chairman

and and ceo jason trennert, it's great to have you. thank you for being here. >> thank you. more for first, talk about this rally in a.i. and tech. is it more about a optimism over a.i., or is it more about people think the fed if's going to cut rates? >> i think it's more. optimism about a.i. i think certainly the data lately has been a little bit weaker which gives people some confidence that the fed will cut later this year, whether it's justified or not. by the same token though, the earnings season for the first quarter showed that people are investing haley in a.i., and that's -- heavily in a.i., and that's unlikely the stop. whether -- who the big beneficiaries will be over the next 10 years is indeterminate, but with clearly, it's very clear who the beneficiaries are right now. maria: yeah, that's a great point because the beneficiaries could change given the use of a.i., but yesterday nvidia hit $3 trillion -- >> right. maria: jason, you do some of the the best research around.

congratulations to you. you say there's five things to consider in the economy ahead of the election. go through them. >> yeah. so the first one is that -- and you had scott on before, he's a friend of mine. we chatted about the idea in that all, all politicians, all incumbents want to get reelected, and usually the markets of queen's bury rules. the biden administration is worldwide yes withen federation. -- wrestling federation. [laughter] this is probably going to be another round of employer retention tax credits, you've eliminated $170 tobillion of student the loans, you've manipulated the yield curve, so that's one thing between now and the election -- maria: and senator end kennedy took yellen to task on that yesterday in the senate. >> well, listen,s this is -- it's crazy. janet yellen, in my opinion, is embarrassing herself as an economist. she got through her chairmanship of the fed, i think, with a good reputation. in the maybe stellar for

everyone's liking, but certainly very well respected. but now that's gone because she essentially is working for one person, one american. maria: joe biden. >> and not the rest of us. that's one thing. the second thing is common man cpi which we have been focusing on. we've created a basket of goods for inflation if that people must buy. so it's food, energy, shelter, clothing, insurance and utilities. so it excludes -- so it's the opposite, bls comes out with core cpi which excludes food and energy, except if for most people, eating and staying warm is pretty important -- maria: if i never understood why strip out the most important -- [laughter] >> right. common man cpi has a trail thed wages meaningfully during the biden administration. and during the trump administering, it was the opposite. wages exceeded them. so we're watching that measure very, very carefully, because i think the biden administration

is, they're complaining that that they're not getting more credit for the economy, and in my opinion, it's very clear, the fact that your standard of living has deteriorated, right? so that's one. we're watching fund flows very, very carefully. if particularly as it relates to equities versus bonds. usually 5% is the period of time where people switch end from ebb bities into bonds -- equities into bonds. as long as bonds are below 5%, the stock market can rally. so that's another thing we're watching. and i think just, generally speaking, you want to watch the momentum of the mag 7. and you want to see particularly whether the earnings of the mag 7 broaden out. and i think there is some indication that's happening now which is a good thing. maria: i want to the to get back to that, especially the common man cpi. but we have breaking news. the you are european central bank has just cut interest rates by 25 basis points to a level of 3.755%. jason, this was expected. we were expecting the ecb to be the first major global central

bank to cut interest rates. what does this mean for the fed, do you think, that the ecb just cut rates 5 minutes ago? >> listen, i'm not sure it means much for the fed. i think the fed wants the ease. you've seen switzerland and sweden cut rates,es this is do -- this is the first major central bank of. i'm not sure it's completely justified given the data in europe. i mean, the inflation and growth data are probably a little bit not where they want them to be marley, but having said that -- particularly, butting having said that, i think central banks want to ease because 40 of the world's pop iflation $40% of the or world's population is facing elections year, and you're going to have withdrew peen parliament elections. there is a political as aspect to this. i don't want to beoverly conspiratorial, but it seems clear to me that that is, at the margins, would make central bankers think that that they should ease whether or not it's justified. maria: yeah. mark, jump in. >> i want to get your take on active versus pass we've

management. >> right. >> i mean, if you go back to 2009 two, passive management has worked incredibly well. but then you look at the environment we were in. our debt went from $10 trillion in 2009 to $34 trillion today. we ran a deficit every single year, substantial deficits. >> right. >> over that 15-year period, we've been at or near 0% interest rates for 13 of the 15. so a rising tide was able to the the lift all boats, and passive etfs, they worked great. a lot of retail investors kind of flocked into them. what do you think is going to happen over the next several years? is are there an opportunity for active managers to begin to outperform again? >> only if we let free markets work. the reason why passive has worked so well is that you created and everyone gets a trophy cost of capital. so there was no dispersion between good companies and bad companies. the only company i can think of what that a went out of business during that a period might have been sears, and you had to drive through a crucifix through the heart of that company to get it to go out of business. maria: yeah.

>> the thing is though if you have higher inflation at higher interest rates, you let markets work. active managers can actually add value. it's very difficult to add value, frankly, in an environment which in some ways the weakest companies are the most leveraged companies, the best performing ones. so, the me, it is going to work -- to me, it is going to work because inflation is going to be a binding constraint. maria: more the ecb sees 2025 inflation at 2.2%. so they're talking about inflation the getting elevated. back to your common man cp irk, when are we going to see a break in inflation? we've been watching this market react to elevated inflation now for four straight months. >> yeah. listen, i think -- and goes back to president trump. i hope he wins. if there is a narrative out there now that because the democrats can't beat inflation, because they can't run away from the inflation that that they created, they're just saying now that it'll be worse under president trump. and think that's non-- i think

that's nonsense because the main reason we have a lot of inflation is because there's no coordination between fiscal and monetary policy. maria: right. >> we're running budget deficits at 7 of gdp. donald trump, in me opinion, will start to starve the deep state which has an insatiable appetite for taxpayer money -- [laughter] maria: yeah. >> so in my opinion, there's not going to be a lot that's going to stop inflation between now and the election. if there's a change in leadership at the the white house, in my opinion, we have a good hot at stopping it. maria: do you see an economic role for yourself in a trump administration in. >> i would -- well, i've not been asked, but i would love to serve. i would love to serve. maria: jace, it's great to have you this morning. >> thank you. maria: thank you so much. jason trennert. thank you. we will be right back, stay with us. ♪

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he's been waiting to update his equipment! there's a smarter way to save. comcast business mobile. you could save up to 70% on your wireless bill. so you don't have to compromise. powering smarter savings. powering possibilities. maria: welcome back. president biden's executive action a on the border being met with criticism over the timing and the amount of illegal crossings still being allowed. my next guest posted this thread on, and on why this order won't work, wrying, quote, a -- writing, quote, a cap of 25000 a day is more than a million a year. how does that shut down the border? this is what the biden administration's normalizing, a boon for cartels and smug ifler

s writes chad woman joining me now, america first policy -- chad wolf. joining me now. chad, great to see you with. thank you so much for being here. i don't understand. we know that a 10 million people at least have come into this country illegally on joe biden's watch. why is he allowing 250 to-- 2500 a day further and saying that is going to secure the border? >> yeah, that's a great question. the goal southern zero -- should be zero. the idea of somehow if allowing and legitimizing 2500 a day, that's almost a million a year, it defies lodge aric. it doesn't make any sense at all, signifies to the cartels and others that up until 2500, we're likely not going to do much. it's going to be business as usual as it has been for the past three and a half years, and only after a certain figure is hit, then the united states will start to take alaska. it's the wrong signal, it's the wrong approach.

it does nothing to stop catch and release, the asylum and parole abuse, and everything else that is incentivizing these migrants to come. >> yeah, chad, you're exactly correct many terms of all the a issues with this executive order. i mean, but why don't we have catch and release, especially criminals like the two -- like the individual who shot the two police officers in new york city? if i mean, that wasn't incorporated into the executive order. what can do you make of all of that -- what do you make of all of that in terms of an assessment here? >> well, again, what we see from this executive order is the administration managing the situation. they're not actually trying to solve the issue. solving the issue means how do we stop the flow, how do you disincentivize individuals from coming, how do you hold people accountable from when they do come? all this is is a cap, and it's a cap that how ares the biden administration to turn individuals back around quickly. but what they're not telling the american people is at the same time they're doing that, they are allowing untold numbers of

individuals through ports of entry every day through the cbp1 app can and through the use of parole authority. and so the flow is not diminishing, it's not going to stop. they're simply rerouteing these individuals from the desert and from the border patrol which is this cap to ports of entry. and so the flow is going to continue, and it doesn't, as you indicated, doesn't address those public safety threats that are coming across the border and the national security threats either. maria: yeah. i mean, the other thing is about all the a unknowns, the people with who got away, 2 million people, apparently, gotaways. how about the unknown of 50,000 chinese nationals coming into america just since october? what is that about? is xi jinping creating his own mini if army here in america in what do you make of that? >> well, there's something at play when you see that increase in chinese nationals coming across the border in about 12-18 months. the number went if from about 1,000 per if fiscal year to upwards of 25,000 in a fiscal year. so something is at play here.

there's something organized going on and, again, the mexican government is allowing this to happen. they know that it's happening. you can't have that many individuals come into your country, fly into your country and then the cross illegally on your northern border, our southern border, without some knowledge, without government knowing. is and so, look, it's time for the new mexican government which won't be in power just yet, it's time for them to do something as well. but again, the gotaways will continue to increase because what you're going to see from this cap is individuals get turned around, they're simply going to come into the country as gotaways because they, you know, they're going to want to get in one way or another, and we're not, again, disincentivizing them to come. maria: yeah. all right. well, we went on the streets and bartiromo boulevard and asked people about biden's executive alaska. watch this. executive action. watch this. >> whatever he does is just, like, i'm not really paying attention to it. i'm really focused on donald trump. >> it's a balance of being safe

and sorry. i've seen shows are where people cross, and it's very deadly and dangerous. is so trying to dissuade people from coming new that, because -- they're risking their life. this is a great country, you know? people want to come here. ideally, they follow the rules because that's what you do here in america. >> he's already screwed everything up, so now he's out there saying, oh, he's going to shut down this and -- how do you just lift everything like trump had is set up in the first place to keep america safe? we wouldn't be in the mess we are today. illegal aliens coming in have more rights and are getting more of our taxpayer dollars to allow them to come in. i see them sometimes on the street homeless. >> such a political hotbed. i think taking a strong stance is where we have to start. it's affecting our whole country, and it's something that we have the really get behind. >> he could have done this a

long time ago. he said he couldn't, but obviously he can. if so why didn't he do it? maria: wow. look at the sentiment of the odder their people on the street. trisha, jump in here. i mean, this is not -- this is the just people many new york that my team went on, around and asked people. they are ripping mad over the state of this economy, the state of this country and what we're seeing from the biden camp. >> you're right. people are pissed, and this is new york city -- maria: yeah, exactly. >> i mean, it's so alarming though, maria. gordon chang was on earlier today, and he was talking about, you know, the intel and really the spying that's happening through our military, them trying to recruit these new pilots and get information in our technology. and then you have 50,000 chinese nationals coming over illegally -- maria: just since october. >> just since october. you have to wonder what's going on. but, chad, you and crish shah talked about the litany of exceptions for a lot of these illegal immigrants. talk about the cbp1 app a,

because that seems like a loophole that's going on here. it allows another 1500 people to come in daily. when is enough enough? >> yeah. not only the cbp1 app, but also the parole. look, they're flying in upwards to 40,000 individuals every single month into u.s. communities under the guise of parole which is an unlawful use of parole. they're exempting unaccompanied alien children of what we call uacs from this, so you're going to see, continuing to see human trafficking of children on a scale that we have never if seen before. almost 500,000 children have come into the if united states trafficked in the last three and a half years because of the policies of the biden administration. so, look, the clips that you showed, the american people aren't stupid. they're not going to forget for the past three and a half years it was this president and this administration's policies that created this crisis. and now they stand up at the white house with a sign that says securing the border. it's exactly the opposite of what they've done purposefully for the past three and a half

years. maria: yeah. fox news' bill melugin can caught up with a group of illegal migrants this week, and this was the after biden's executive order came down. watch this. >> reporter: jordan. >> yeah. >> reporter: why'd you come to . why'd you come to america? >> for job. >> reporter: for a job? >> yeah. >> reporter: you mow it's the illegal to cross the border like this, right? >> yeah. >> reporter: you don't care? >> yes, i don't care. maria: chad, your reaction. >> well, i mean, they know what the rest of the world knows, that there's no consequence. that's what this is at the end of the day. there's no deterrence, and there's no consequence. these individuals know that it's illegal, but they don't care because they know they will be released into american communities, probably 48-72 hours after they're picked up by the border patrol, if they are picked up at all. and that's just the reality. we can talk about asylum and parole, but all these illegal aliens care about most is are they released into american

communities. you have a 7 or 8 out of 10 chance getting released under president biden's policies than you had previously. maria: chad, what do you make of the a.g., merrick garland, as well as the fbi, christopher wray, again this week talking in front of the senate saying that they're expecting a terrorist attack on our soil? how much of that expectations is now as a result of the open border? >> well, i think there's a lot that contributes to that. obviously, when you talk about attacks of the homeland and threats to the homeland, a lot of that originates overseas. but the question is, how to do you get individuals that are perhaps if conspiring and want to do americans harm, how do they come into the country? when you have a southern border is wide open, they are going to take risks, and they're going to take chances to cross that border. and you only have to look to about the 360 individuals that a we've picked up on terrorist watch list over the past three and a half years over the -- or the over 100,000 special

interest aliens we've picked up along that southern border. we know bad individuals are trying to cross that border. they embed themselves in the massive flow of individuals coming across in the hopes that border patrol and that dhs will not recognize, will not identify who who they are so that they can come into the united states to do whatever it is that they're going to do. maria: yeah. >> so, absolutely, that southern border and the policies and the fact that we have record numbers that we have never seen before -- maria: yeah. >> -- absolutely contributes to the state and to the threat and to the risk to the homeland. maria: yeah. really concerning moment in time. chad, thanks very much for weighing in. chad wolf joining us. quick break, is and then the house judiciary, oversight and ways and means committee making criminal referrals to hunter biden and james biden. arkansas senator tom cotton is here with reaction on that, plus we will talk about a potential trump cabinet position next. you're watching "mornings with maria" live on fox business. ♪

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maria: welcome back. president biden on the world stage today marking the 800th anniversary of d-day in normandy, france. between -- meanwhile, the biden administration if still pushing for an israel-hamas ceasefire if deal. back in the u.s. the house passing a bill to sanction the international criminal court over its move to seek arrest warrants for benjamin netanyahu and other israeli leaders. joining me now is arkansas senator tom cotton, a member of the senate judiciary, intelligence and armed services committees. senator, thanks very much for being here today. >> good morning, maria. good to be back on with you. maria: well, i want to on this d-day, first, thank you for your service to this great country and tell you how proud i am to talk with you and how a nation thanks you as well, sir.

>> well, thank you, maria, very much for that. what a wonderful day to remember the heroism and the bravery and the sacrifice of millions of americans who fought in world war ii and especially all those who took the beaches in normandy 80 years ago today to help liberate europe from nazi tyranny. we have a 100-year-old veteran from arkansas there, we're so proud of the greatest generation and is so pleased that we can honor them once again. maria: yes, we really are, and i agree with that. you introduced the illegitimate court counteraction yesterday. this is a companion bill to the house legislation. tell me about this and what you're trying to achieve. >> maria, the international criminal court is a rogue, globalist kangaroo court. the united states has never ratified the treaty. it's not subject to the jurisdiction of the united states. israel's not either, yet this court continues to target israel and americans. it targeted american service members in afghanistan, and as a

result, president trump slapped sanctions on its prosecutors and other officials there. what did joe biden do when he took office? he immediately removed those sanctions concern sanctions, and what do we get for that? them issuing arrest warrants in the middle of a brutal war for survival against a savage terrorist group. so we're simply saying that we should restore the sanctions that donald trump imposed. the house of representatives voted on that this week, bipartisan fashion with more than 40 democrats even though joe biden worked furiously behind the scenes to stop democrats from voting on it. we should repudiate this court, we should repudiate joe biden's support for this court, restore donald trump's policy. chuck schumer should bring i this up for a vote so we can protect our allies, israel x protect our troops around the world. maria: well, do you see schumer bringing that to the floor? >> well, the vote in the house will put pressure on him as i know a lot of his pro-israel supporters from new york will also be very disappointed if he doesn't bring it up for a vote

in the senate. maria: good point, yeah. >> he can to oppose it if he wants to. we should similar simply have a vote. when you get more than a fifth of the democratic caucus in the house, that bill to support israel deserves a vote in the u.s. senate. maria: the u.s. and other five is alliance nations are warning china is working to recruit former and current western military pilots. the alliance describing the effort as a persistent threat, senator. i want to get your thoughts on this because here we are talking about nazi germany on the 800th an verse -- 80 anniversary of d-day, and the communist party has been showing lots of similar ways. and now in addition to stealing intellectual property from america, they want to hire our pilots. >> maria, this is a very disturbing trend that's been happening for a few years. i've taken steps in the past to highlight the threat and try to stop it as well. this is more about our allies

and their former pilots who are helping china train its pilots, something that president biden and the administration should be doing more to pressure our allies the make sure that pilots who are trained in nato or other american-allied militaries often times with american aircraft and expertise are not turning around to train communist chinese pilots. we never if would have allowed this to happen during the cold war. we never would have allowed european pilots to train soviet russian pilots, we certainly shouldn't allow it to happen with communist china. maria: do you see comparisons between communist china today and the 1930s, 1940s before the allies took over world war ii and began the fight? >> well, maria with, some of the steps that communist china has a taken, but i would actually expand it more broadly around the world. what i see is a series of disturbing threats or hostile,

adversarial actions that are occurring in large part because joe biden, the american president, is too weak to deter them. look what china has done, for instance, to its own people in the zinn sank province, look what it did to taiwan last month, totally encircling the island with military exercises. look what iran has done in the united states -- maria: exactly. >> not just targeting israelis on on the to 7th, but allowing their proxies to shoot at a u.s. navy vessels in the red sea without really being shot back at. president biden's utter failure to withdraw our troops safely and securely from afghanistan a in 2021 that led to the vladimir putin's invasion in russia. if you look back to the 1930s, this was a series of events at any time strong western leadership could haver thed nazi germany and imperial ifist japan. but you had weak western leadership, something that winston churchill was ringing the alarm bell about throughout the 19 tos that led -- 1930s

that led to the worst world in the history of the world. i worry that president biden's weakness and failed foreign policy is encouraging our adversaries all a around the world to continue to take these hostile actions. that's why we need president trump back in office who will deter our add very adversaries and reassure our allies and restore the peace and stability we had for four years in the trump era. maria: between while -- meanwhile, james comer and chairman jim jordan and chairman jason smith sending criminal referrals to the justice department yesterday recommending both hunter and james biden be charged with lying to congress about key aspects of the biden impeachment inquiry, senator. your reaction. >> well, it's in the surprising, maria. i mean, hunter biden lies usually when he opens his mouth. he's literally on trial right now in delaware for lying on federal forms. e take these allegations very seriously. and i call on merrick garland to immediately investigate them just like he did anytime nancy

pelosi and the democrats referred people for criminal prosecution who had worked for trump or who had been in donald trump's campaign or otherwise supported donald trump. what's good for the goose is good for the gander even when it's the president's son. and in particular given the president's son's already facing charges for lying on a federal form in addition to other charges like cheat on his taxes. maria: unbelievable. senator, you introduced the constitutional citizenship clarification ab act yesterday. this would a make the children of illegal migrants, terrorists and foreign spy ifs ineligible for birthright citizenship. tell us about this. why was this important? >> maria, we have over 15 million illegal migrants who have entered our country under joe biden. the it's a slow motion invasion. the main reason is joe biden invited them to this country. during the campaign in 2020 and the actions he took on his first day in office to to reverse donald trump's highly effective policies that secured our border. but there's also no question there are certain pull factors, if you will, things that attract

people to come here illegally. what's one of the strongest sniffs you can imagine? -- incentives you can imagine? if american citizenship, one of the most valuable things on earth. it is absolutely nonsense that we allow illegal aliens to come to this country and their children then get american citizenship. almost no other country around a the world allows that to happen. america shouldn't allow it to happen. our legislation would clarify that, that only immigrants who are lawfully present in the united states have, get birthright citizenship for their children. maria: are you expecting to take a role in a potential trump administration, senator? [laughter] >> well, maria, i want to help president trump in any way i can. i think for the next five months that'll mean focus on the campaign, maybing sure that we help elect -- making sure that a we help elect president trump. there'll be a time to address with the president when he wants to serve in his administration. i'm happy to provide advice. i'm happy to entertain any thoughts he has, but i think

right now all of our focus needs to be on helping the president win, electing republicans to congress. i think anyone out there campaigning or jockeying for positions is not helping president trump. frankly, they're probably not helping themselves because the single minded focus needs to be electing president trump to store store peace and prosperity the our country after four years of joe biden's weak, failed, dishonest presidency. maria: yeah. it's interesting the see the reaction from donors after the conviction. can does the conviction, the guilty verdict, change anything for trump? >> well, i think it changes things by clarifying even more the stakes of this election. we have democrats who want to weaponize our legal system and use it against art partisan opponents. donald trump is only the most prominent and outrageous example of it. something you would expect more from a country like pakistan or brazil. it's not just donald trump, as he often a says. if they'll do it to him, they'll to it to anyone. they'll do it to christians who are attending church or parents expressing concerns at school

boards. if anything, the conviction, president trump's convictions in that a sham case heightens the need for everyone to engage and help elect president trump this year. maria: all right, senator. great to talk with you this morning, thanks so much. senator tom cotton. >> thank you. maria: thank you, sir. we'll be right back. ♪ ♪ ...to living legends. —you got this. —thank you. vanguard's retirement solutions can help all your employees be well on their way to their financial goals. that's the value of ownership. (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. daughter: hey, dad. dad: hey, sweetheart.

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maria: now to las vegas. the venetian resort unveiling a $1.5 billion reinvestment project which includes overhauls. joining me now is the president and ceo, patrick nichols. patrick, great to see you. thank you so much for being here. big news at the venetian in vegas. tell us about the plans and what trends you've been seeing there. why the reinvention? invigoration? >> well, we recently celebrated our 25th birthday, and no better birthday gift than $1.5 billion -- [laughter] so we're reimagining every corner of the resort. 4,000 suites are being renovated, they'll start coming online at the end of this summer, and this week we announced two new restaurants, cote and angelina, an l.a. a staple from venice beach, joining us early next year. maria: nice. love it. tell me about the trends happening in vegas right now. we've been talking about an uneven economy x i'm wondering how travel is going from your

standpoint. from a consumer as well as a business angle. >> yeah. from a consumer angle, we're seeing trends continue to grow. you know, we've been on a fairly aggressive clip of growth coming out of the pandemic in the start of 2024, no exception to that. we're seeing high single-digit growth rates in visitation, average daily rates, gaining revenue for the market. for the venetian specifically, we're seeing our market share grow as part of our reinvestment and reinvigoration of this resort focused particularly on our convention attendees. a big part of our renovation is about a $200 million investment to improve that a space. we've been the market leader in the convention segment for a long time with about 2.2 million square feet and 7,000 suites. we're able to accommodate, you know, very, very large groups, and it sets us apart from if our we competition. so we've seen growth in all segments. maria: the las vegas convention and visitors' authority said the

city had the highest single-year total of visitors since the 2020 pandemic. do you think businesses have gotten over the hump in terms of being, you know, limited in terms of travel, business travel? if that's the more profitable travel for most businesses, correct? >> yeah. it's an important part of our business, it's about a third of our business overall. and, yeah, we've seen the business side, the convention expo, or trade show business really return with robustness. i think there was some experimentation coming out of the pandemic with remote meetings, and it's just not the same impact for businesses. they don't get the same value. the face to face meetings are incredibly important, and no better place than las vegas to have those meetings. maria: well, vegas is also a hot destination for professional sports between last november's formula one race and this year's super bowl. major league baseball's oakland athletics in the process of becoming the city's fourth

professional sports team. the invest's las vegas raiders relocated there in 2020. how important is the pro sports point here, and why all of these teams going to vegas, do you think? what's the allure? >> well, i think vegas has long been known as the entertainment capital of the world. i'd argue it's also the culinary capital of the world with restaurant collections we have around the strip, and sports adds another lay layer to that. it's porn when you think about the great financial recession, the city slowed down quite dramatic create. sports keeps the durability of the market. and you mentioned super bowl and formula one, both incredible events for the city, incredible vents for the venetian. in -- events for the venetian. in our 25-year history, those two weekends are the first second weekend in terms of record performance. maria: yep. how do bookings look for the summer? >> looking strong for the summer. maria: okay. >> we have a lot of really compelling programs at the resort. we have the dead and company

here at the sphere at the venetian, las vegas, and we're also a seeing strong growth overall. maria: patrick, thank you so much. congrats to you, patrick nichols. we'll be right back. ♪ ♪ things will go wrong for your customers. but your business can make it right, with watsonx assistant. ai that can help resolve problems by understanding your customer requests with 90 percent accuracy. let's create customer service in service of customers, with watsonx assistant. ibm. let's create.

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maria: i want to thank this incredible panel. thank you so much. markets mixed going into the open. "varney & company" if picks it up. stuart: food morning, everyone. this i