tv Maria Bartiromos Wall Street FOX Business April 9, 2022 9:00am-9:30am EDT
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(other money manager) but you still sell investments that generate high commissions for you, right? (fisher investments) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest. (other money manager) so when do you make more money, only when your clients make more money? (fisher investments) yep. we do better when our clients do better. at fisher investments, we're clearly different. this week too happy we get into the program analyzes for the week ahead and i am maria bartiromo. >> the biden administration ending the - in may in texas, will be taking his own unprecedented actions this month to better secure our states as well as our nation. maria: texas takes bold action
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to address the margaret crisis is a white house plan sue and title 42 in texas lt. governor patrick is here with the details and plus president biden is announcing another round of sanctions against russia is ukraine please for more weapons and the question whether the administration actually want ukraine to win this war and jim banks sounds off and breaking for inflation a new 40 year hide march to trump above 8 percent and for the first time since january 1982 and the impact to the economy buffers with take us back to some of the top newsmakers on mornings with maria with this addition watch. ♪ ♪♪ ♪ ♪♪ maria: what else can you astute. guest: yes is a returning and to make sure that it goes beyond what they were doing and i agree, that the administration to do that suited she has a join that question, defined the woman
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in a not a biologist and if you cannot define a woman, you cannot rule in title ix or title vii and that he would forces the violence against the random act and if you are not going to be able to define who is a woman at the border, one border agent as we told me that right now, there apprehending 7000 people a day at the borders and that number is expected to go up to 18000 a day. >> that is an astronomical number across the border and the puzzles actors along the southern border is overwhelming the system. maria: will texas overwhelmed by the growing number of illegal migrants crossing into the state every day and they are prepping for tens of thousands more a day starting next month with the elimination of title 42 so the taking action making this an action this week. >> unlike any state in the history of our country, we have
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already begun to build our own border wall securing our state and securing our country but, with the ending of title 42 expulsion, more must be done to help local officials, whose communities are being overwhelmed by hordes of illegal immigrants being dropped off by the biden administration, texas, is providing charter buses to send these illegal immigrants who have been dropped out by the biden administration to, to washington dc to do all the house is calling this a publicity stunt and joining me now is texas lt. governor, dan and it's great to see you and thanks much what you make of the white house calling this a publicity stunt. dan: will first of all and little tired of jen who really comes off as a smart alec in her answers to reporters about very serious subjects all around the world and here in america is of the whole response to this is either that is not a crisis, it
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is not a problem and basically we don't have any power or authority and why does the government or myself or legislature in the right speak up but i will tell you why because we take an oath of office to protect the lives of our citizens into protected their welfare and to honor our constitution in the united states constitution something this president is not doing it at this is the show marie about numbers very often, and hissing number story over the last 20 years or so, apprehending roughly four and 50000 people your more from san diego both texas because we have about 1200 of the 1900 border we think that we get one out of every three so that means over 20 years we've added millions of millions of illegal immigrants to this country but right now in the first term maria abided if this continues, we will have about 30 million people come here
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illegally because we are prohibited about two half-million last year get one of a events of half-million, multiply that my four year since getting larger numbers, and that means maria that it's first term, more people will come here illegally that live in the state of texas, we have 29 million people in the reporting illegally, more people then we have in the entire state of texas to take over this country. maria: that's extraordinary attendant had one of the issues here is not just the people but there are drugs coming in, is it narcotics like pinto killing a people and her people that we don't know who they are and what their intentions are marsha cockburn from tennessee told me that at least 34 people were on the terrorist watch list within there's just the managing of all of these people and so what kind of an impact does that have on texas in the country given a
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those illegals and what do you think that means and give us an answer in terms of the impact. >> yes and the white house will never answer this question because here's the base question, when all these people come here illegally, what happens to them go there just letting them go around the country what happens to them because you cannot get a job if you do not have a social security number, so find work and getting paid under the table but no reputable company will hire them. what are they do that if they no money and no job for healthcare and of course we provide free education and the constitution we don't ask about your citizenship when you show up in the schoolhouse were for the cost of education is dramatic and most of the children who come here are two and three years behind in the education systems always been all of this money we don't have enough bilingual teachers and are there a few here's the drop out of school so this is a catastrophe for our country every city every county and for these people do you know how many people are being trafficked that are being
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in front of and terrorist drugs infantile and that leading killer in young people in this president does not give a dang about the lives of americans about law enforcement have to take them on the criminals when the gangs on the no care about the children crossing the border in this present i'm going to say clearly, has no heart for anyone involved in this border crisis who does not care about her citizens does not care about those being smuggled across the border and maria i will tell you that we are facing a constitutional crisis in with the governor did this week, i support totally by the way, we started inspecting the truck yesterday crossing the border i think of this after ruth announcement and the trucks were backed up miles and miles and miles back to mexico and we are going to take on the federal government because it's a constitutional crisis in our founders, the magnuson it job writing the constitution they never anticipated maria, there would ever be a president who would let his own country be
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invaded for any state we have a right to protect our citizens as a constitutional crisis. maria: so do you think it will be like 80000 people a day when title 42 goes with it we would guess yeah, because for the folks watching title 42, will come when donald trump is just on, we had the border and control the best it's ever been so if you apply for asylum he had to be in opposes country and out there able to come here once he reveals that and so if we have 18000 people a day, you can do not look like and we catch one out of three that come income you can see why my numbers are 30 million, over four years may be fewer than actually coming here illegally, it may be larger than that and why the doing it, this is not accident, the present still has not been to the border kamala harris goes on into the porch with el paso this whole different story that rio grande is where is happening in maria, their plan is clear, they don't mind if people get killed along this journey they don't mind of
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children get dumped over a fence count eight children this week that work crossing the border by themselves we don't even know how they got there they don't care about that because the goal is to, what happens going back to what these people do when they get here come the cannot work, for the next move will be by the abided ministration, they need to green card so they can working in the next over citizenship in the next move is voting and the goal is the next decade or two to have all these people registered about so the democrats can run this country and on the backs of people coming here and i get why the people want to better the lives, those who are coming here and their families and i get up and we have to take care of texas and america's first of these people will come here and they're not educated many are not educated initially do not know our values and prince most constitution, that joe biden welcome the men and one who do you think of the four, the family wealth is the guy that let us get to america, and so they are looking at adding it intentionally did million votes in the next ten - 20 or so that there are one party country,
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this is that leftist marcus long-term move and they have a unwanted say a stooge because but i don't want to insult the president although, we see by his actions in his work coming often acts like a stooge but you know what to say, i don't insult him but they are using this man for their leftist marcus agenda today going country america needs to realize this is not hyperbole, this is what is happening because you cannot explain it otherwise no reasonable human being in the white house would allow this to happen in the border. maria: it's extraordinary and i know that the drug cartels are making $100 million a week so that is suing getting entered getting rich by this and look to the governor it's great to see her thank you very much appreciate it and okay, that was dan patrick joining us and thank you and if his officials on capitol hill this week is the president announced a new round of sanctions on russia but ukraine said its weapons that it needs are now congressman jim banks the administration's
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response, next. >> do you want ukraine to win this war merely to it'd our strategic investing approach can help you build the future you imagine. it■s hard eating healthy. ♪ ♪ unless you happen to be a dog. ♪ ♪ we believe there's an innovator in all of us. ♪ that's why we build technology that makes it possible for every business...
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teach you more examples atrocities from russia forces unfolding in ukraine as a civilian dental climbs and president biden is responding with a new about his engines on russia in the country's largest bank while ukraine is pleading for weapons braided events officials are coming under fire over the administration's motives. >> you want ukraine to win me with his work merely to end, and ukraine maintains his sovereignty, is a bully to protect its country defend itself. in maintains his government, russia is weakened militarily and russia from a geopolitical
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standpoint, is in the countries will not volunteer to align itself with russia. maria: joining me right now is republican indiana congressman in house services community member jim banks and congressman it is good to see you and he didn't answer the question, do you think this is ministration wants i think ukraine can win this. jim: was painfully clear from both the senate armed services committee the house armed services committee with general million secretary austin, testified before this week maria that, is that this administration has no plan, there a wait-and-see approach, reacting each step of the way is exactly the opposite other deterrence the trump administration took to social material, all of this was completely avoidable they would kept the nameplate both at president trump used to deter russia into the biden administration has invited them that's what we find ourselves in this enduring face with his
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enduring war and conflict in ukraine but even out general billing told the house armed services committee could us years and does not have to, continue to supply ukraine with the weapons, and the ammunition is that intensify back and will all be better off if we do. maria: art why are we not doing this i don't understand it there begging for air cover. to get those mag jets and you know, the first thing that the administration did it when this war started was to tell him that will send a plane to pick you up and he said i don't want to ride, i need weapons predict and of course howdy god and taking the right, volodymyr zelensky would've been fine but ukraine would've been russia c1 this exactly right and remember a few weeks ago humanitarian aid package was bad and fast in a military a package ukraine most republicans supported the military and practically in the package voted against an overall
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unto this package including this military and aided to be part of that is been congress pushing to send more weapons and lethal legal aid enough the biden administration but the big problem with all that is we still do not have a degree of confidence dozen ministration is actually seeing it is actually making it to the ukrainian soldiers on the card be able to use it so that is a reoccurring fear of the many of us have is that many of us in congress on both sides of the aisle are pushing him ministration for answers to make sure the ukrainians are getting the support they need. maria: will him wondering about the sanctions of and how impactful are them and i understand that the russian economy has come to a grinding halt but impacting vladimir putin's daughters and the oligarchs, what is that doing as opposed to serious weaponry and adjust that the ukrainians truly need. jim: the sanctions mario is what we should've done before russia
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invaded ukraine in fact that's what president volodymyr zelensky bankamerica and the rest of the world to take those kind of actions before to deter jesus we did not do that, it is too little too late in that regard. so it's weapons and ammunition think god that donald trump reversed the obama era blankets and humanitarian aid refusal to send legal aided in his own trump so the javelin missiles to ukraine it and trying them on how to use it and if that wouldn't have happened under donald trump going would've not had a fighting chance that they have today to be able to stand on their feet and five back for six weeks now and it really exposed a number of vulnerabilities of russia's military that just goes to show that the more legally we provide them now, the weaker russia will be long-term and that is good for america and the rest of the world. maria: that's a great point to make in before you go can you explain the presidents
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$5.8 trillion massive budget proposal and in the proposal, the only two areas that are not seeing an increase in spending in the do not keep up with inflation, homeland security and defense spending it at him trying to understand this and almost 20 percent increase in spending betty's proposing at the irs but when it comes to defense spending it, it is up 4 percent and that would be a declining given that the inflation is running at 8 percent. jim: make no doubt, no doubt about it this is a significant cut to our military is administration for the second year the rope cemented a budget to cut motel military and spends excessively everywhere also this game with these democrats have permitted women in uniform and military at a time when the work was turned upside down because of the weakness of this president, we need a military to be what is projecting american strength to deter our enemies and at this and ministration has given us a budget to cut the military spending a significant
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way because it does not adjust for inflation long-term is when have disasters impact in congress has to fight back to make sure they were punching of our military modernizing supporting our troops, because rhino this more projection of the strike that america has a broad. maria: it is going to get your input on all this and please come back soon thank you very much for joining us this weekend. high prices given claiming an inflation is expected to surpass a percent in the month of march it will be the numbers may upcoming week and a near height economists on the impact, next.
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tell your doctor about an infection or symptoms or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms develop or worsen. serious allergic reactions may occur. it's good to be moving on. watch me. move, look, and feel better. ask your rheumatologist about cosentyx. maria: welcome back and look at where the markets and in another volatile week is minutes from the last federal reserve meeting
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indicated more aggressive in election may be coming, this is we are getting another read on the inflation coming on tuesday, official consumer prices at another new 40 year high in joining me right now through the cycle john, is way to have you this weekend i think you for being here and you think that with these numbers they're going to continue to be higher and what are your expectations. guest: we are working for annual rate of inflation at 8.1 percent as you said the highest since the start of 1982, this makes it all of more likely the feds will be tightening monitoring of policy, and much more aggressively than they did in 2017, and 2019, and as a result, we could be looking at is in your treasury reaching 3 percent by the end of the current quarter that advice with a 30 year yield will approach 5 percent, way above the 3.1 percent where was at the start of this year.
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maria: will that certainly will - the housing market has been one of the stronger areas of this economy, if we got more of the rights well above 5 percent and going higher, then that put it back into the economic growth in the u.s. economy in 2022, and in 2023. >> it definitely does and we have an aggressive tightening of monitoring the policy and the minute clear that it is really to tolerate a quick return by economic growth to its long-term average of roughly 2 percent and on the housing side, we also overlook the fact that the equity market is very much out of the housing income if there is a phl index of housing a sector prices that is now off by 26 percent, down 26 percent year-to-date, that is much deeper than the overall markets decline of 6 percent. maria: are you expecting a recession this year john c5 not
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this year, thank you so a good chance though, that we may begin to see the first signs of a recession the latter part of 2023 into 2024 so don't be surprised if a recession overlaps the president election year of 2024. maria: all right will be watching the women thank you so much. guest: same here maria. maria: who anywhere, we are wall street. you're a one-man stitchwork master. but your staffing plan needs to go up a size.
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live on sunday morning on "fox news" and join is at 10:00 a.m. eastern plus right here on foxbusiness, talk smart every weekday from six - nine eastern for mornings with maria with foxbusiness we hope you start every day with us and thank you so much for joining me and have a great rest of the weekend and i will see you next time. time. ♪ oco. >> hello. this week on the wall street journal at large, more crimes in ukraine. plus he is backward former president barack obama tells concerned democrats not to worry about a possible shellacking just tell your story he says. the story of story inflation, rising crime
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