panel and thank you all for watching. i'm charles payne. you can catch me on weekdays on making money with charles payne, 2:00 p.m. on the fox business network. paul is back next week. we hope to see you terrific night and a terrific weekend.maria: happy weekend. welcome to the program that analyzes the week that was and how to position you for the week ahead i and maria bartiromo. i'll speak with the founder of girls who code and to identify where the jobs are in today's market. job creation grinding almost to a halt in the month of february. yes economy at just 20,000 jobs for the month. the estimate calling for jobs

of 180,000, the unemployment rate did tick lower to 3.8 present good news. and the labor force participation rate is the share of americans working or looking for job.it did hold steady. the best news of the report friday was the average hourly earnings, up 4/10 of a percent, month over month in february and of 3.4 percent year-over-year. three and half percent up in wages year-over-year, the biggest annual increase in almost a decade. largely at the end of the week but deftly bright spots. join me now, to react to all that, from an investment standpoint, saratoga investments chairman, chris, great to see you. thank you for joining us. clearly, the report was a weaker than expected number on jobs. what did you take away from it. >> i think the underpayment level is still at a record low. maria: 3.8 percent, sure. >> is a data point.not a

positive data point. i think you mentioned the average of the last year as a better way to look at things. the number can be distorted for different reasons and it can be revised. but i think the most important thing is that increase in wages. i think it's going to be, it's been a political problem and a social problem for a long time. i think the rising wage rate is an important gap to close. i think it feeds back into the economy because a very large consumer spending component of the economy and as a low unemployment and increase wages provides more for the consumer to spend, more investment and that type of activity. it is generally positive.>> so many things to talk to you about. i want to ask about wages and what it means for margins. also about the -- that was important. as i dig deeper into the numbers, i see that construction of the biggest decline in jobs. and we've known for a while

that housing is a weak spot on this account. construction was and 31,000 jobs in the month of february. do thinkit was largely tied to housing ? because it was a weak spot? or did something change in the month? >> i think housing has been under pressure for a while. rising interest rates is up like it's like a mathematical problem for housing. affordability is very difficult when mortgage rates go up as much as they have in the last 12 to 18 months. and that slows a lot of construction spending. there may be some differences in how the economy and people you know in the demographically are reacting to new houses at this point in the cycle. and so i think housing, typically housing has been a driver of recessions. big declines, but having kind of a weak housing sector like we've had for a while, means that maybe economy is less at risk of any kind -- maria: the federal reserve last

were first on autopilot they were going to roll down the balance sheet, raise rates three times until life happens in reality had that the economy and global economy was slowing down. mario this week took his growth rate for the euros down from 1.72 1.1 percent per that is a weak number for the euro zone pair tennis or experts plunge 20 percent. last week, china's economy is also slowing down. the fed riveting and basically changing everything. now, not even expecting a rate hike this year. should we be worried about that? is it like a oops moment where they are saying this is worse than we thought, the slowdown? >> i actually think is positive. it shows that the fed is very attuned to the current state of the world. i think they were on a track that had been established in a pathway based on you know, rear looking statistics.i think the markets of the world gave a

signal. and a lot of input coming from all over the place. the smartest people in the world don't know everything. they need input from outside. i think the fed very intelligently responded and adjusted their policy to the realities that the markets were indicating and i think that with the adjustment, look at what happened. stabilization in the market, the markets come back to where they were, your stabilization of things. i think exactly positive that the fed isn't in an ivory tower, they are actually looking at the world as it is. maria: could they federal reserve cut interest rates sometime in 2020? how worried are you about the slowdown we are seeing? you mentioned wages of 3 and a half percent year-over-year in this most recent jobs report. will that hit margins and slow down earnings even more?>> i think it may you know the beauty of businesses as they adjust, higher wages, the business will adjust that. they may not adjust them this quarter or next quarter but over time, nurses will adjust and maybe more inflation out

there but i think it is good. i think the s economy is a consumer driven economy. low employment is positive for the economy. i think ill of the dangers and the rest of the world i think is much more you know europe as you mentioned, china's having trouble, the trade agreement is one problem. the other problem is a much deeper problem structurally. i think a lot of people are looking at that. for a lot of large corporations it's a big issue. i think for the domestic economy, it is often been an engine for growth for the rest of the world and helped the rest of the world. maria: sound like you are still pretty bullish for the u.s. economy. >> we are not seeing any slow down, we are seeing a lot of good confidence. we invest primarily in u.s. businesses, smaller businesses which are less export driven and we do have some exposure to china. we have had some tariff issues with china and severed up in general we are seeing very positive and solid growth. most important, confidence.

businesses are acquiring more, building more investing more. maria: great to have you on the program. chris oberbeck is our guest this weekend from saratoga. we'll have a break and quickly, more wall street after this. stay with us. nothing says spring like fresh flowers,

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last week we brought you my exclusive interview with the chief security officer of chinese telecom provider, huawei. now, huawei is suing the u.s. government. challenging the united states

decision to bar the government from using the chinese telecom company equipment. this as huawei is in big legal trouble itself over intellectual property theft allegations. here is what andy purdy had to say in response. in the theft of intellectual property by the china government that is not us, the china government doesn't speak for us, we don't speak to the china government. i applaud the united states and others to try and crackdown on the global theft of intellectual property. which has been a disgrace in the last 50 years that we've not done enough about it. i'm glad to see president trump raising that as an important issue in the trade talks. maria: joining right now, a vendor in the technology world, the former chief operating officer at microsoft, managing director -- good to have you on the program. thank you for joining us. >> hi maria. maria: you just heard andy purdy defending huawei but you know, i had to go on with the

interview and list at least five or 10 companies that have already sued huawei and settled lawsuits with. including t-mobile, cisco, motorola solutions, microsoft, these have all been issues. and another you at microsoft as coo when steve was the ceo. steve joined me a couple months ago and said to me that china has been stealing ip theft for microsoft that 90 percent of the companies in china use the microsoft operating system but only one percent pay for them. and he said it cost microsoft $10 billion a year.what can you tell us about your experience with huawei and china in particular? >> well, steve is right. he would moan and groan all the time in regard to the problem that we had in china because he was responsible for the sales arm of the company. and was hurting badly. and the issue over the long haul, is almost cultural.

when it comes to china. i mean the individual level, they do not really understand or operate in a mode that we do where i think the general public and individuals who are trained in this country, understand intellectual property and the need to protect it and it simply is not understood as an individual level and at a government level at this point. but they are beginning to realize that it is a major problem.when companies like huawei become very successful because they have outstanding products, these issues really come to the front which they are doing now. it is a healthy thing.i am hopeful that they will get the message but i think it will take a long time. it has taken a long time. maria: even canada is pushing back on huawei.

the canadian foreign minister said, we do not believe there is any scientific basis for this. we are concerned by the blocked shipments because china blocked some richardson canola shipments to canada. she says we do not believe there's any scientific basis for this. she told reporters saying that the matter was of the utmost priority. for ottawa. the point is bob, you have a number of countries pushing back on using china telecom .@sec. state, mike pompeo in the studio a couple of weeks ago. he said if european countries use a huawei telecom infrastructure, the u.s. will not share as much information with those countries as they have in the past. tell us about huawei and why there is so much worry around espionage? >> well, the core problem here is, huawei has developed some sensational products. recently, britain did a massive study on whether or not you

really can find a backdoor in those products. and they came out, this is the national cybersecurity center that they have over there. and so, many of the big carriers in europe are saying yes, we want to use those products because they are the best products. they typically are lower price. but on the other hand, he of governments beginning to realize that the bigger picture here is that your hurting innovation globally because one of the players namely china, is not respecting intellectual property. they can copy things all they want but when you copy something, if in fact, part of what you copied is protected by a patent, you owe some royalties. and china has traditionally turned their back at that. that has to change and i think government pressure would be a factor here that hopefully opens their eyes. maria: we have heard news this weekend that basically, a deal,

the wall street journal reported deal is hardly imminent between the u.s. and china and respected in one of the reasons we are not doing a deal and that between president trump and xi jinping has not been officially set for the end of march in mar-a-lago as was expected, was because china is pushing back on these issues. it is not just ip theft, it is espionage. if you look at a company like huawei, he of communist people from the communist party on the board of directors. does that mean basically china is using huawei and zte as their spying vehicles into other countries trade secrets? >> that is exactly the issue. we don't know. we worry about it given what has gone on in the past. the tough part here is a really accumulate in the talents. a lot of the best students at

the master and phd level are in fact going back home so to speak. and taking jobs at places like huawei. they are developing superior products. and it's bringing the issue to the forefront. which is good because this has to be put on the table. if the trade deal comes to completion and does not address this issue, boy, have we ever missed a bet as a country. maria: i will tell you bob, getting your insight on this important issue, given your background and your impregnable resume, books, speeches on leadership, it is quite valuable for our audience. we appreciate your time this weekend. thanks so much. >> thank you so much. maria: bob herbold, former coo of microsoft. don't go anywhere.

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as we been reporting a disappointing jobs report this past week, were of the jobs right now? this weekend we are looking at the next generation of workers in a digital world. everything sat down with reshma saujani, the founder of girls who code. a program empowering female coders. they have trained hundred 85,000 women. i asked reshma saujani why so important to teach girls how to code. >> is "where the jobs are". every day that goes byanother

industry is being automated. whether it is retail , manufacturing, law, medicine. and so, if we want our women to be in the workforce, they will need to know how to code. maria: coding is one of the fundamental things we talk about digitization, right? because you're telling the computer what to do. your programming. >> exactly. in effect, we need to make sure that we get into the schools as early as he possibly can. it is outrageous the kids are learning microsoft word instead of coding. maria: yeah! what industries would you say, is coding most important to? i know that technology, engineering, these are really "where the jobs are". explain to the audience why this is so important and what industries are hiring on that level. >> when i think about the partners there blackrock, goldman sachs, sephora, the honest company, facebook, twitter. that is financial services, that is technology, that is fashion, every single industry

that i know is looking for engineers. they looking for programmers, looking for people to come in you know and help build and create things. maria: and yet when you look at the technology industry say the number of women in tech companies, it is dismal you called it. >> we graduate less than 10,000 women in computer science. china graduate 350,000 engineers last year alone. we have this huge, huge deficit in the workforce and in terms of who is coming out of college with these degrees. maria: i think you make a good point about china because they are ahead of us in ai. we know that. they are ahead of us in robotics and they have got like four ãone people work on these industries in terms of ai. every person working on here there are four in china. >> we make come we do a lot of work with the governors here in

this country to really say, how do we make computer science mandatory? it needs to be mandatory. it needs to be taught as early as third grade. maria: had to get that fear down? an attack coding and engineering when you feel like you don't know enough about it? >> i always say you know, first, read the book. it's for eight-year-olds. girls who code change the world. it is like instructions for making a peanut butter and jelly sandwich. then get on and learn the basics. it's hard for a parent to tell her daughter and son how to code when they don't even understand what it is. but it's really really important. because again, this is where jobs are at. maria: i'm shocked that in the whole political conversation that we have every day, there is no conversation of education. about training people, our young people with the skills that they really need. >> yes. maria: which brings me to your book. why the title? >> you know, from a young age

we teach our girls to be perfect. we teach our boys to be brave. you know just at the playground, don't cry -- don't climb too high, don't get dirty. we let our boys go to the top and just jump. then a girls get addicted to perfection. if they are in gymnastics and cannot do a cart with the parents pull them out and put them in soccer.and what happens then is that they don't do anything other than a, they drop out. they start giving up before they even try. and then as we get older, perfectionism is one creating an anxiety epidemic, women are twice as likely to be depressed than men. and it's creating a leadership deficit.i know some women leaders of santillan perfect and not going to leave. i'm not going to raise my hand

for that promotional opportunity unless i know i can exactly do it right. the statistic, men will apply for a job if they meet 60 percent of qualifications. women will only apply if they meet 100 percent of the qualifications. maria: that is incredible. my thanks to reshma saujani. don't go anywhere, more wall street after this. i can't believe it. that we're playing "four on four" with a barbershop quartet? [quartet singing] bum bum bum bum... pass the ball... pass the rock.. ...we're open just pass the ball! no, i can't believe how easy it was to save hundreds of dollars on my car insurance with geico. yea. [quartet singing] shoot the j! shoot, shoot, shoot the jaaaaaay... believe it! geico could save you fifteen percent or more on car insurance. maria: welcome back.

next week another program, former federal reserve chairman alan greenspan. join us as we navigate the federal reserve and how it's changed his position. i will see you sunday one of the fox news channel for "sunday morning futures" . john bolton and republican senator john barrasso of wyoming, my special guest this weekend on "sunday morning futures".

join us five plus five 10 am eastern on fox news. plus right here on fox business, start smart every weekend to tune in weekdays at 6:00 a.m. to nine name eastern for mornings with maria. as we set the tone for news for the day. that will do it for us right here on wall street. thanks for watching. have aeat weekend everybody! i will see you again next time. >> hello. welcome to the wall street journal at large. on friday the labor department said 20,000 jobs compared with average monthly gains of 200,000 of last year. no request for alarm here. then employment rate fell again to just 3.8 percent and the u.s. has now had more than 10