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tv   Mornings With Maria Bartiromo  FOX Business  June 24, 2024 6:00am-7:00am EDT

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larry: thanks for watching, that's kudlow. please have a great weekend.
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cheryl: good morning, i'm cheryl casone, in for maria bartiromo. it is monday, it is june 24, your top stories at 6:00 a.m. eastern. today, just four days to go until the cnn presidential debate. president biden has nothing on his public schedule until thursday followed by campaign fundraisers to finish out his week. president trump making more pitches to deep blue cities, signaling he has chosen a vice president as he looks to tip the scales on typically democratic voting blocks. hear what florida congressman and a potential vp pick byron donalds told maria. the first half of the year is about to end this week. new chfutures are mixed. we've got a big week of inflation data coming up. we're going to get the final read of first quarter gdp, that comes out on thursday. then we're going to get the may
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pce price index, that comes out friday morning. so, so far for the year, as you can see since we began, there is your major markets, the dow gaining almost 4%, nasdaq up 17% so far this year and s&p 500 actually up more than 14%. as for european markets this morning, the ftse, the cac, the dax are if the green and to asia overnight, markets mostly lower. shanghai composite down better than 1%. joining the conversation all morning long today, columnist, fox news contributor, l liz peek and strategic wealth partners investment strategist, luke lloyd. "mornings with maria" is live right now. ♪ little red corvette. ♪ baby, you're much too fast. ♪ yes, you are. ♪ little red corvette. ♪ you need to find a love that's gonna last.
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♪ cheryl: time for the hot topic of the hour. we are just four days out from the cnn presidential debate. and a new poll reveals former president trump is leading biden by 10 points as president biden hunkers down at camp david to prepare for the first faceoff of the year. maria sp spoke to eric trump yesterday. >> it's telling of a president who has to go to camp david in the middle of the woods and lock himself in a bunker for an eight day period of time because his policies are so bad that he has to figure out some way to polish him up and try to sugar coat them and try to frame them with top advisors. my father is not doing that. my father is on the right side of these issues and, you know, 10 days or eight days in the woods in camp david to try and explain yourself to the american
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people, i'm not exactly sure if that's -- you know, that that's a big showing of confidence. cheryl: this poll s46% of likely voters back trump and 36 support president biden. that's a five-way race. what do you make of the latest poll? >> obviously, these polls are going back and a forth. we had one from fox news last week that showed biden in the lead. that's a bit of a head scratcher, right? interestingly, when you have all five contestants in the race, biden does much better. poll is a snapshot. there's a lot of stuff happening. i do think the debate, it's being so hyped but the reality is, 60% of voters say they're going to watch. 30% say it might affect their vote. so boy, is this important. honestly, i don't think anyone has a very good read on how it's going to turn out. is it going to be all presentation? is it going to be all policy? are biden's seven days in the
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woods, as eric describes it, really going to make the difference here? i have no idea. i think honestly, everyone's going to be tuning in, a little bit like the indy 500, wait forge a car crash. will that happen? nobody knows. >> there's too many this year, by the way. cheryl: good point. let's talk about the money behind this. campaigns run on cash. president trump is winning when it comes to the cash race against president biden. his latest fundraising wiped out president biden's cash advantage. he raised 141 million just in the month of may, in particular a lot of that coming from the verdict, post trial. president biden only raised 85 million. you've got this new politico piece, titled disappointment and depression, biden's biggest fundraisers watch their advantage vanish and there's a quote in there which i thought was really telling, it said financial reports showed trump outraising biden in back to back months, hauling in huge sums after felony convictions,
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erasing the long-standing financial edge. to put a finer point on this, you can raise a lot of cash, get satellite offices going in swing states but if the messaging isn't there especially with young voters, what do you have? >> it also matters where it's coming from. where is the donations coming from, coming from large corporations, the big donors or small donors. when you take a look at the debate coming up, a lot of people care about who is going to talk to people's problems. wwhere i c i come from, you admo your mistakes. no one cares about -- they care about aaddressing problems and addressing mistakes. when it comes to donations. last week, biden was at a fancy event, raised $30 million. trump raised $30 million less than 24 hours after the verdict and a lot of that came from small donations and over the past 20 or 30 years, where has the money been made?
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it's been made in technology. and democrats are now making a lot of money from the technology ceos and vps donating to them so the rich and a wealthy party a is the democrat party. the republican party is the party of the middle class. my grandma growing up said they would never vote for democrat because it didn't represent the majority of people. that's change. cheed.cheryl: there's a great e the wall street journal that talks about -- great piece in the wall street journal talking about young voters no longer getting a chargeout of the biden presidency. one of the biggest issues besides housing and inflation, a lot of the kids, the younger generation were told get evs, it's great for the climate. they can't afford to keep the electric vehicles. they're selling them. it's interesting. i want to ask you something else. i'm dying to get your opinion. there's a piece that talks about biden's secret weapon in previous debates may be a factor during the showdown with trump. it's on foxnews.com.
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it talks about are we discounting too much. is the bar set so low for president biden that when he comes out on the stage on thursday night even if he's showing a pulse, he's breathing, can speak in a clear sentence, that's going to hurt president trump because it's going to make him look good. >> president trump talked about this. he doesn't want people expecting biden to do a face plant when he walks onthe stage. that's what some people are expecting. but look, that's not going to happen. he is spending all this time getting ready, getting juiced or whatever, you know, and so i think there is a real risk for republicans that joe, like the state of the union address, manages to eek out a reasonable coherent position for 90 minutes. we'll see. i don't know. but that is a serious risk to president trump. cheryl: we're going to be talking so much about the debate because, well, looks, we're readily. ready. it is here. we're just getting started on
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this program. you have a mixed bag for futures to start the week. five trading days left for june, second quarter and first half of the year. chris zacarelli is going to weigh in ahead of a big week of inflation data on tap. the owner of a new york staple is looking to unseat eric adams in the next mayoral race. we'll talk about why he's choosing to run now. don't miss a moment of it. you're watching "mornings with maria" live on fox business. ♪ call me when you're down. ♪ call when when you need someone. ♪
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♪ ♪ 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] ♪ ♪ did i read this? did i get eggs? where are my keys? memory and thinking issues keep piling up? it may be due to a buildup of amyloid plaques in the brain. visit morethannormalaging.com
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daughter: hey, dad. dad: hey, sweetheart. daughter: what are you doing? dad: i'm gonna clean the fence. daughter: it's a lot of fence. dad: you wanna help me? dad: aim at the wall, but get closer. daughter: (gasps) what the?! daughter: alright. dad: side to side. when you work with someone who knows a lot and cares even more... you can do this. ...you're unstoppable. (♪) wow... are you kidding me? you can do this. at truist, we believe the same is true for banking. cheryl: let's take a look at too churs in the final trading
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week of june and the second quarter. dow is higher by 104, nasdaq lower by 30, s&p is up by 2. markets strong so far this year and the longest stretch we've seen without a 2% selloff since the financial crisis. joining me is independent advisor alliance chief investment officer, chris zacarelli. investors start to look at the second half of the year and start to ask themselves if they should do repositioning. do you have an outlook for the second half of the year? because it's an election year, do you think the market will perform strong? ?>> election years we typically do have a strong market with pullbacks along the way. the market is trading 21 times earnings. 30 year average is closer to 16.6. the market can is expensive. we think there is opportunity for volatility along the way. it's an election year.
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as we get closer to the election, we'll go through the debates, they're going to see uncertainty and the market like uncertainty. we could have pullbacks. stakes are higher, given higher valuations as we see inflation data later this week, that could cause a negative surprise. if the data comes in better than expected people will look ahead to fed rate cuts. we think there's a lot of opportunity for volatility, higher or lower. but we do think if the economy stays strong and stays out of recession that would still see the bull market continue. it won't be a straight line from here to the end of the year. cheryl: you talk about the weakening consumer. we've had several of our guests, stephanie pomboy in particular, really raised the a alarm on that, that the consumers is stretched, they're saving less money, credit card debt is higher, their interest rates on their you a auto loans, that is higher. we've seen the data, pointing to the retail sales number, that are starting to show us that is actually true because that isn't even an inflation adjusted number.
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and still it came in weaker. >> yes, that's absolutely true. you look at how has the economy continued to keep going without a recession, given the fed has raised rates so much in such a short period of time and the answer is the consumer. consumer spending i think far surpassed what any of us believed would have been possible a cup can he'll years ago. as the consumer begins to weaken and spend less and we've seen weakening in terms of looking at credit card data, delinquencies going higher, looking at spending numbers starting to come back down, adjusted for inflation, with the weakening consumer that's a risk. that's one of the things that's been keeping the economy from falling into recession. we want to watch that closely. any weakness within the consumer could be weakness in the economy and therefore the market as well. cheryl: i want to bring in luke lloyd because mark tepper and you have both mentioned this, that's why i think it's an important point to bring up as we look at the broadering picture for the second half of the the year. >> absolutely. i go back to two things, you have people still have jobs,
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people can borrow against those jobs to take out loins and on paper -- loans and on paper they have assets. i'm listing my house for 35% more than what i bought it for four years ago. if you have the assets you can borrow against, you can keep the economy going. my question to you is, what happens if that gets wiped away. is the downturn in the market or downturn in asset prices, could that fuel unemployment down the road? >> yes, absolutely. to the extent we believe in the wealth effect, i think there's pretty good evidence that's you true thing, with housing prices higher, stock market higher, people feel wealthier and they are on paper, they'll continue to spend so that's a cycle on the way up. it can turn into a vicious cycle on the way down. if the stock market starts to come down, if there becomes weakness in the housing market can and a people feel more concerned, more worried about their financial position, then they may cut back on spending and that would lead in the other direction whereas people start
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to cut back on spending, lower corporate profits, companies look for layoffs, unemployment goes higher and that's how the cycle reverses. we're not calling for that imminently. at some point that will happen. it happens in every cycle. i think you're exactly right. the wealth effect has been working on the upside which is really good. as things turning around or of peak out, that's where you have to worry, are we going to go into a period where we stall or a period where we start to have the pullback. right now i think it's inconclusive but that's something to watch absolutely. cheryl: market pullback is never a bad thing. and that is where many of the smart money guys will go out there and look for opportunities to buy and when you see those dips but liz peek, you've got a question. >> good morning, chris. i am hearing a steady but quiet drum beat of some disenchantment with a.i. not that it isn't important. not that it isn't coming but the companies aren't embracing it fast as expected, maybe the earnings weren't going to be
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quite there. if we have a change in leadership and the a.i. names begin to get battered a little bit, what does that mean for the overall market? >> that's a really good point. that's the main theme in the market right now. a.i. is what seems to be providing a lot of interest, a lot of t excitement in the market in terms of the big tech leaders and so all those tech companies have lots of other businesses and they've been very successful and done well up to this point without a.i. but a.i. is where a lot of t excitement . the most valuable company in the world, it's the chip producer for a.i. so that's a big theme and that's something that really has pushed the market potentially to higher highs than we would have expected otherwise given the current economic climate so i don't know exactly where a.i. is going. i don't think any of us do for sure but there has been a lot of excitement behind it so if some of the excitement does come off, that could lead to a little bit of a pullback in those names as well as on the spending front. i think a.i.'s going to be a double edged sword where we may
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see a lot of productivity gains, we may see benefit from it but we don't know what other pit falls and challenges lie ahead as well so you've got be careful what you wish for. if you put all of your eggs in the a.i. basket, turns out that isn't the place to be, things could turn negative. cheryl: 40% of the market gains have been in the a.i. basket. you're preaching to the choir on that one as far as the three of us this morning. chris, thank you. we've got a morning mover, it's broadcom, the stock fractionally lower. it was inching higher a few moments ago. they're working with bytedance to develop advanced a.i. chips, to had help the tiktok parent company obviously as far as secure sufficient supply of high end chips. sources say they would be compliant with u.s. export restrictions and manufacturing work would be outsourced to taiwan semiconductor. none of this could begin until this year.
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broadcom is up 102% for the year, from last year. so again, a stock to watch, kind of going back and forth this morning. all right. coming up, illegal immigration set to be one of the top issues at this week's cnn presidential debate of. as more illegal migrant crimes are reported across the country. texas congressman beth van duyne is going to weigh in on the out-of-control border crisis, plus things are heating up across the u.s., literally. what you can expect from scorching temperatures, you're watching "mornings with maria" live on fox business. ♪ girl, you really got me now. ♪ you got me so i don't know what i'm doing, yeah. ♪ oh, yeah, you really got me now. ♪ you got me so i can't sleep at night. ♪ you really got me. ♪ you really got me. ♪ you really got me.
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her uncle's unhappy.
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i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. >> day after day, week after week, joe biden is releasing illegal criminals into our communities to rape, pillage plunder and kill a 12-year-old girl in houston, she was tied up, stripped and strangled to death after walking to a 7-eleven, her body dumped near the side of the the road in a
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shallow creek. charged with the murder is two illegal aliens, savages that joe biden set loose our country, they came across our border. cheryl: former president trump campaigning in philadelphia over the weekend blaming president biden for the death of joslyn lingari who was killed in houston by two illegal immigrants who recently crossed the border. biden campaign said it's trump's fault, saying pres donald trumps making america less safe by blocking the border deal. joining us now, congresswoman beth van duyne, the former mayor of irving texas, a safe city, as a fellow texan. congresswoman, good morning to you. i have to say, every time that the democrats have to defend about the border, and about murders, shootings, et cetera, carried out by these illegal migrants, they go back and blame congress and blame president trump and they say well, he's the one that told the senate to
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undo that bipartisan border deal. is that mess. messaging working inyour opinioh back since you are a congress member? >> good morning, cheryl many thank you for having me on. is that message working? no, this is republicans and others have been telling this administration from day one, when you start taking you apart the tools that were in place when you got in office, the biden administration got in office, we had a secure border. what we've seen is executive order after executive order starting from day one where he started opening up the borders, you can't blame that on congress, you can't blame that on president trump. that is what he's doing. there have been dozens of executive orders that prevented immigration and customs enforcement from doing their job, you've seen it on tv, you've seen it in the papers.
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there's a reason why. the biden administration has made it quite clear that what they're hoping to be able to do is create a whole new level of voters that are going to vote democrat in order to keep democrats in power, they're going to attack immigration officers, they're going to attack police, they're going to attack law enforcement and they're going to support immigration, illegal immigration, they're going to support these criminal illegal immigrants where you see people, 12, 13, 14-year-old mothers, daughters, sisters, that are being murdered, that are being raped, that are being left for dead including when you look at joycelyn in houston. i mean, this is committed bivens way lain immigrants who -- by venezuelan immigrants who came into the country less than a month before her murder. this didn't happen under the trump administration, this happened in the biden internatiadministration, knowint carings, all they're interested in is maintaining power for democrat. cheryl: i have to bring up
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the issue that what we seem to see at the southern border now, because of governor abbott's policies, that we're seeing a shift of the -- that the large amount of traffic going from texas which is a good thing for your state moving towards -- more towards really a arizona and california. there they was one thing that you could say that is working there in texas, it is bringing those num numbers down, in particular the, say in eagle pass remarks would that be? >> enforce the law. support law enforcement officers. make sure they get the resources they need. governor abbott actually had law enforcement go down there, enforce the laws, all of a sudden the number of people entering into texas illegally dropped by double digits. and where did they go? to states that have much more open borders and then are not controlling their borders and what did the biden administration do? if they were serious about
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illegal immigration and curbing it they would have encouraged texas, would have partnered with texas, urged other states to do the same. instead what did they do? they sued texas, started cutting the barbed wire that a was preventing people from entering the country. when they try to blame congress because they're not making any new laws which by the way the laws that we have currently, this administration is not enforcing, but when they sit there and blame other people, they know exactly who is to blame. they're doing it. they don't care. they're doing it because they want to reimagine america in their own way which is democrat power. cheryl: before you go, congresswoman, i do want to ask you, obviously the cnn presidential debate is coming up this thursday. the border and immigration will certainly be a topic. we don't have the questions but one would assume that's going to be a topic of the debate so what do you expect to hear? what do you think the messaging
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is going to be from former president trump about the border? >> i think trump could easily point -- i think former president trump could easily point at the wins he had in his four years while he was in office, what he was able to do. the remain in mexico policy that he was able to force mexico to help us control our border. when you look at the policies he put into place that were working working, when you look at the numbers, a day in which 1,000 people were crossing our border illegally under the trump administration was a bad day and they took it seriously. what you're seeing under the biden administration, complete contrast, over 5,000 entering our country, 10,000 on some days, all president biden has to do is look at the losses that he's had, it's very difficult for him to he defend his policies. all trump has to do is compare what his wins were, his successes in four years under what biden has been able to achieve in over 50 years of service, specifically the last four, he needs to concentrate on
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american energy, needs to concentrate on the border, needs to concentrate on economic development and safety in our communities an i think president trump will be unbeatable. cheryl: focus on those policies because the bombing is showing us -- polling is showing us in particular the younger voters which president biden had in 2020, seems to be with losing in 2024, may be the key to all of this. congresswoman beth van duyne, great to see you. thank you for being here. >> thank you. have a great day. cheryl: you too. we've got a lot more coming up this morning, new warnings that china could take taiwan without firing a shot as beijing is ramping up its aggression over the air space above taiwan. gatestone institute senior fellow gordon chang joining us. plus, don't miss maria's fox nation special, it is on china, called underwriting the enemy. it's available right now to stream. we'll be right back.
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♪ maria: this week on "mornings with maria," tomorrow form other st. louis federal reserve president james bullard tells us when jay powell will finally pull the trigger on a rate cut. wednesday, senator marsha blackburn on her fight to protect children from the dangers lurking on the internet. thursday, the vp stakes in high gear, republican national committee chairman michael whatley handicaps the field. friday, bidenomics versus maganomics takes center stage, we'll have reaction from the long awaited faceoff between president biden and president trump, it's all right here on "mornings with maria."
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cheryl: the center for strategic and international studies is warning china's military could take taiwan without ever firing a shot by isolating the island nation with a full or partial quarantine and that would cripple the economy. the think tank says china's coast guard could cut off access to ports in taiwan, stop flow of supplies and they also note while a blockade is an act of war under international law, a quarantine led by china's coast guard is not and that could put the u.s. in a very tough position. we have taiwan's defense ministry saying china sent 66 war planes into the air space over a two day period ending saturday morning. let's bring in gatestone institute senior fellow, the author of the coming collapse of china and china is going to war. gordon, good morning. this is an interesting way that the chinese could basically take over, invade taiwan but skirt
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around international law. you think that's something they would do? and is it possible it could be soon? >> it's possible. and we have to consider all the possibilities. quarantine, blockade, invasion. i actually think that this isn't going to work for china. we've got to remember that 92% of the world's most sophisticated semiconductors are made on the island. and that gives countries around the world a lot of incentive to help taiwan. and so it wouldn't be difficult from a military point of view for the united states and partners to actually escort planes and ships to and from taiwan. and this hurts china because china right now is its only plo rescue its economy is exports. this isn't going to help done decide to buy goods from china because of the tension. i think china without firing a shot could kill its own economy. cheryl: speaking of the economy, one of the things i found interesting, last week
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governor doug burgum was on fox business, he talked the threat here, an economic throat the united states because the chinese are buying up u.s. farmland. he says the united states now needs a national policy that would regulate and/or block the chinese, these entities, these corporations from buying land in the united states. if their economy is suffering, are they looking to make a buck basically a off of ours? >> well, they certainly are. and also what we're seeing is a lot of chinese parties deciding they're going to leave china for good so you have the record outflow of millionaires last year, it's probably going to be surpassed this year. we see the surge of chinese migrants across our southern border. some of them could be dangerous elements but we know that some of them are actually people who are desperate to live in the a free society. so right now -- i agree with the governor. no american can buy a square
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inch of land in china so as an issue of reciprocity the governor is absolutely right. we're seeing china do dangerous things with this land. for instance, human trafficking operations in oklahoma for instance and clearly we've got to move against the chinese tri a ads which are bringing more crime to the u.s. that's the last thing we need. cheryl: also too, you have the chinese saying, making very bold statements, the u.s. should stop politicizing and weaponizing economic and trade issues, lift restrictions on china. the warning signs are flashing that the chinese are getting desperate, hence i'm wondering what other avenues they're going to take because we know china is the biggest threat t. i've had two defense officials tell me that over the weekend. liz peek, jump in here. >> good morning, gordon. question for you. there's some reporting that the meeting between vladimir putin and the head of north korea and
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the sort of increasing commitment of those nations to each other's security is actually an offense to china. how do you view it? do you think xi jinping is going to take that lightly or does he not care? >> actually i think he likes this and the reason is that you have china wants to support russia in the war in ukraine. the more the north koreans do that, the more we talk about it, the less we talk about chinese support for the russian war effort. also, we know that kim jong un doesn't do anything major without the approval of china. so i think that this is something that beijing certainly does not dislike as a lot of people have said. there's always a lot of commentary that says oh, you know, the chinese and north koreans don't get along. that's true, the north koreans actually hate the chinese. that border between korea and china has changed hundreds of miles in each direction over the course of centuries because of consistent quest. but right now -- conquest.
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but right now north korea needs china because its economy is worse than bay jinks. clearly the -- beijing's. clearly the north koreans, i don't think the commentary we're seeing in the u.s. actually accurate. cheryl: look, the treasury department issuin issuing drafts which requires notification of a.i. and a other sectors in china, the concern is how that would threaten u.s. national security. now, this initial comment period after the executive order which was signed by president biden is now in focus again. the commerce industry said the draft rules, said it this morning, they're gravely concerned. gravely concerned, that's how they put it and reserve the right to take corresponding measures. i think the bigger threat, and here's my question to you, if the united states tries to regulate a.i. further and puts more regulation on top of u.s.
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based technology and development, doesn't that help the chinese get ahead of the united states on a.i. development, not just get ahead but steal some of the things that are being developed in this country? >> well, there is some incentive, cheryl but the chinese are going to develop their a.i. regardless of what we want to do because xi jinping main priority throughout his rule has been chinese self sufficient sigh, that's what the made in china 2025 program was about, the chinese have been doing this well before we started imposing restrictions on transfers of tech to china. so really, yeah, you can talk about the insun testify but i think that we -- incentive but i think we absolutely need to do this. although i think the rules are a good thing, the thing that americans should ask is why didn't biden do this in his first year of his administration, why is he doing it so close to the election? this seems to be biden doing all
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of these things, discovering all of these issues about china just months before the voting. cheryl: real quick before we end, i want to get luke to comment on this, luke lloyd is on set. this is a big concern for u.s. companies, t the threat from china. >> you have apple delivering 20% of revenue from china, they kind of need china so this is where i think the political divisiveness is going to continue of the next decade with china and the u.s. so one thing that's not factored into american companies from a valuation perspective the is how much political tension is going to be there, how much we'll restrict investment over there and can we grow over there because they're not reciprocating like gordon said. cheryl: that's why we brought up the comments from the chinese ministry, because they're concerned about that which is key. >> they're pomming billions of -- pump ping billions of dollars in their stock market can, it's artificial. cheryl: like the real estate market. gordon chang, great to see you. great job with maria on the fox
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nation specials. great to see you there as well. >> thanks, cheryl. cheryl: we've got a lot more coming up this morning. new york city mayor eric adams could face stiff competition for his job next year as the owner of a new york staple is looking to challenge him. we're talking about it, that's coming up next. you're watching "mornings with maria" live on fox business. ♪ i got my mind made up. ♪ i need to feel your touch. ♪ i'm gonna run to you. ♪ yeah, i'm gonna run to you. ♪ because when the feeling is right i'm gonna stay all night. ♪ i'm gonna run to you.
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cheryl: well, if it's not severe heat it's thunderstorms. and the u.s. is facing more inclement weather this week. gerri willis has all the details. good morning, gerri. >> good morning, cheryl. that's right. the train bridge over the big sioux are river over iowa partially collapsing after intense rainfall and flooding. luckily the bridge was blocked off before the incident. 100 million americans under heat alerts as a record breaking heat wave scorches the nation. in new york, 50 schools opened as cooling centers over the weekend, 8,000 con ed employees,
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they're threat thing to strike if the their contracts are not improved. they the finally reached a tentative deal early sunday. flooding and tornado watches hitting the upper midwest with severe thunderstorms expecterred from the -- expected from the mid-atlanta to new york city. experts say it won't bring much relief from the heat. a philadelphia police officer critically injured and hospitalized after being shot in kensington saturday night, the suofficer was conducting a vehie stop with his partner when the man ran from the car and opened fire. the veteran officer was struck in the neck by the bullet. multiple people including as suspect are in custody. the police commissioner gave a press conference saying, quote, pray for the men and women who are here today who are out in the field, knowing they were going to give their lives for this job. aamen and amen. and boeing still the center of controversy all the way in space, two astronauts currently
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stuck in orbit after their return to earth was delayed over a mechanical issue including a helium leak, the company reportedly knew about prior to launching but decide it was too small to face a safety threat. four more leaks developed after the launch with 27 days worth of fuel remaining, the window for possible return flight is closing as officials try to figure out how to deal with the issues on-board and bring the astronauts safely home. and on land, prosecutors recommending the department of justice bring criminal charges against boeing for allegedly violating terms of a settlement related to two deadly crashes in 2018 and 2019. the doj has until july 7th to decide whether to move forward with the prosecution. and allen rosen, the owner of juniors restaurant, famous cheesecake, is considering a run for new york city mayor. the new york post reported rosen has met with fo form advisors to
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mike bloomberg to look at his chances, citing rising crime and quality of life in the big apple, rosen describing himself as a moderate republican looking for the gop nod, writing this, i'm not a politician, i'm someone who wants to make the city better, do i see a city that could be more liveable for everyone? yes. rosen remained neutral on mayor eric adams, stating i'm sure he's doing the best he can. and just to the point on crime, we've had two dozen shootings in the last week, we had a cop attacked, two cops attacked by an immigrant mob, illegal migrants raped a 13-year-old girl. so the stats are just off the charts. cheryl: the quality of life issues as well. you've got mopeds all over the streets, you've got the trash. i you mean, the only thing eric adams has done really so far effectively is with the rat problem, not that it's fixed but it's a little better.
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liz, it seems to me that new york city has always done better economically and quality of life, done better in that regard as well, when we've had a republican mayor. and voters here don't seem to understand that disconnect for some reason. >> you know, it's a democrat controlled city. there's no question. and one of the things that makes it very difficult for republicans to gain any traction is that the biggest companies in new york, the big financial companies are not allowed to donate money to republican candidates for office because of conflicts of interest because almost all of them do some business with the city. however minor. so where democrats have a huge advantage here. in april, by the way, in terms of e eric adams' polling, manhattan institute did a poll that showed 16% of voters would vote again for eric adams. of course on the left, people want a more progressive mayor but i think there's huge appetite for someone to come in
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and say time out, we can do better and make the city liveable again. >> if you're not growing you're dying. since 2020 the city lost 600,000 residents even with the illegal migrants coming in, being shipped up here. also, the environment's changing. everything goes back, the reason why i love what i do, everything goes back to economics. if you're economically growing you're attracting people. not only is there political issues and criminal issues and bad social issues, the game's changing, the world is changing, you don't have to be crowded in a big city to get opportunity. the young generation isn't thinking that way. you need someone in there that's going to understand the future of the economy, the few comur of the world, attract the younger generations to move to the city. cheryl: the banks in manhattan, most have moved operation, half of private equity is in florida now. >> you've seen a lot of people with money leave and that is tragic because it's so critical and key to the city's finances. city currently trying to get a budget together.
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they're having a hard time with it. but what they're spending, what they want to spend is well above pre-covid levels so all that money that came into the city from the federal government, the city wants to get that from tax. ctaxpayers. cheryl: we didn't mention the migrant crisis but the issue of the hotels and disorder on the streets from these tens of thousands of migrants, 150,000 have flooded in through penn station. >> it's really difficult. if you spend any time at all like i do walking the streets of new york, you know just how scary it can be and how concerning. when you have cops attacked by illegal migrants, that's an issue. che.>> democrats have one play which is to raise taxes. that's their only way to close the budget not to your point to bring more people back. if they lowered taxes, i swear some of my friends who have fled to palm beach would be back in a heartbeat. cheryl: you know who wants to run for mayor of new york city,
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that would be andrew cuomo. he's gearing up as well. he's reappearing. gerri, thank you very much. we'll see you in the next hour. we've got a lot more coming up. we're going to stay on the migrant crisis. illegal migrant crimes across the u.s. are increasing and the families of victims placing the blame squarely on president biden and his policies, that's the hot topic of the hour. former acting i.c.e. director tom homan joining me at 7:30 on president trump's promises to fix the border should he be reelected. you're watching "mornings with maria" live on fox business. ♪ so wake me up when it's all over. ♪ when i'm wiser and i'm older. ♪ all this time i was finding myself. ♪ and i didn't know i was lost. ♪ht er daughter: it's a lot of fence. dad: you wanna help me? dad: aim at the wall, but get closer. daughter: (gasps) what the?! daughter: alright. dad: side to side. when you work with someone who knows a lot and cares even more... you can do this. ...you're unstoppable.
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