schedule a free consultation. (fisher investments) it's easy to think that all money managers are pretty much the same, but at fisher investments we're clearly different. (other money manager) different how? you sell high commission investment products, right? (fisher investments) nope. fisher avoids them. (other money manager) well, you must earn commissions on trades. (fisher investments) never at fisher. (other money manager) ok, then you probably sneak in some hidden and layered fees. (fisher investments) no. we structure our fees so we do better when our clients do better. that might be why most of our clients come from other money managers. at fisher investments, we're clearly different. much, thank you for watching we hope you have a good weekend and join us again monday night. >> from this talk studio in new york city, this is mario bartiromo wall street. liz: hello every one. welcome to the book about positions you for the weekend. i am maria bartiromo, democrats

on defense with election day a week away and republicans getting momentum, democrats are scrambling to change the midterm message senator marsha blackburn on why voters are not buying it. no in the insight, the fed about to make another aggressive interest rate hike on tuesday and wednesday to cool raging inflation from a kansas city federal reserve president thomas onegin on the growing risk of recession. the pentagon says china remains a top security threat to the united states amid reports the communist regime is now operating dozens of secret police stations in countries across the world including in the united states. hundreds of thousands of iranians lining the streets protesting the iranian leadership, is the white house with the regime or the people, unmasking former secretary of state mike pompeo about all of this. first in a last ditch effort before election day president biden tries to steal the democrat midterm message toward

the economy but he still says the u.s. is not experiencing record inflation anymore. >> people's incomes went up last quarter more than inflation went up. and enough growth. economic growth is up in the price of inflation is down, real income is up in the price of gas is down. >> joining me senate judiciary member marsha blackburn from tennessee, it's great to see you this weekend. i'm not sure what the president is referring to. wages are up 5% year-over-year in inflation is up eight-point to percent so wages are not growing faster than inflation. >> you are right about that. and you take some states like arizona where i was in the last few days in their inflation rate is over 14%.

you look at iowa they have a very high inflation rate because of diesel because of farm chemicals and herbicides and pesticides and fertilizer. maria people know that the economy is not in great shape. people know that they are paying more and they can't fill the fill up the gas tank in the grocery cart in the same week. maria: so much financial stress and the new layer on on top of that the crime. these are issues that it become ria percival and emotional for voters, do you think this is going to move them to come out and vote these guys out? >> yes. when you talk about women, crime and the pocketbook are the two top issues there, the security moms are back in full force. they want safe communities and they want their children in college to be safe, they want

their children who are going to travel, young adult you are going to go work in a larger city to be safe as their coming and going and now trying to get around the city afraid to ride the subway. the precaution that they are taking for their personal safety it all adds up its stress on parents. >> it is very dangerous to think about going to the subway today. you are absolutely right, you've done so much in terms of writing legislation around big tech and the threats that big tech in some areas have represented for children i want to get your take on the big news of the week elon musk owns twitter he fired the top executive ceo and cfo are out, what is your take on this? >> i think his moves are very appropriate he is saying he is going to return this to be the

town square and making certain twitter platform is going to be fair and open to a balanced conversation. i think that is appropriate and i also hope he is going to pay attention to some of this content that is very deceptive and harmful to children and young adults. maria as you heard me say for months. the big tech platforms like to control what you see, here, what do you think and what do you say and it is important for us to realize that having something that goes to the proper platform of being the town square with certain guidelines rules and regulations that is going to be open to all that will protect free speech is important.

people are so disturbed about losing their rights and their freedoms. maria: also ironically right before the midterm elections we learned it was the get out the vote e-mails that were going to google and they were found in everybody's junk boxes. it is just extraordinary what these companies have been able to do senator. >> yes and we actually met with google and one of our male vendors and it seemed that the democrat e-mails were going in to the mailbox but you had all the republican e-mails going into the junk file this is something that appears to be intentional on google's part it was the way that they could practice their prioritization and their content moderate station and send those e-mails into the junk file we have one member of the senate that had a

100,000 people on their list to receive their e-mails and found out they were not only delayed but they were going to junk and spam. maria: we will be watching all of that, thank you very much senator marsha blackburn doing unisys weekend. thank you so much the federal reserve is planning another rate i'd like to thank our sponsor liberty mutual. they customize your car insurance, so you only pay for what you need. contestants ready? go! only pay for what you need. jingle: liberty. liberty. liberty. liberty. let's dive in! but what about your back? it's fineeeeeeee! ugh! advil dual action fights pain two ways. advil targets pain at the source, acetaminophen blocks pain signals. advil dual action.

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then i got the dexcom g6. i just glance at my phone, and there's my glucose number. wow. my a1c has dropped over 2 points to 7.2. that's a huge victory. thanks to chase, angie's not sweating this text since there's zero overdraft fees if she overdraws by $50 or less. and, kyle, well, he's keeping calm with another day to adjust his balance if he overdraws by more than $50. overdraft assist from chase. make more of what's yours. maria: here's a look at the stock market ended the week with a batch of economic data the pce the fed's preferred inflation gauge climbed at 1.5% in september, core prices continue to rise and the gdp report without this week showing the u.s. economy grew at an annualized rate at 2.6% in the third quarter, consumer spending

is slowing defense continuing to aggressively raise rates and we are expecting a fourth consecutive 7 75 hike up wednesy of this upcoming week. could another aggressive hike pushed the economy into a severe recession as so many expecting, joy to be right now the former president of the federal reserve thomas hoenig. it's great to see you, thank you for joining me. >> thank you for having me, it's good to see you again maria. maria: i want to get your take on the gdp because i know a large portion of the gain that gave us go through the initial reading of the third quarter was because of government spending and because of trade and that led many to tell me that they don't think were out of the woods in terms of growth, do you see this growth number the gdp as a new beginning of growth era or are you expecting a double

dip recession. >> there are arguments about in realistic terms or had a researchrecession and i know wed negative growth numbers but the economy itself in employment was pretty strong. now were talking about the positive number which is primarily due to some federal spending in a position changing for a whole host of reasons relative to the dollar and the situation inner experts of energy i don't think were out of the woods and another gross path i think that most likely is that we will encounter recession a degree that is uncertain did this point in a little bit of what choices the federal reserve makes next week and in december and high rakes that they have been pretty certain we will have

a recession and i think that'll be a factor in some of the discussions. and on the ground as you talk about not last quarter but you think of things happening today and you talk to businesses around the country things are slowing pretty dramatically. the housing market with interest rates above 7% mortgages on virtual real estate and some of the manufacturing sectors are showing slowdowns as they talk to people, i think were just now beginning to get in to the slowdown in the u.s. economy and we look forward for part of the next year. maria: what you see in kansas city in terms of the slowdown, i know the housing market has really shown some serious cracks, housing down for several months now. have a mortgage rates above 7%. you expect more demand destruction and housing and where specifically in terms of

industry are using the slowdown. >> you are right on number one in the housing market years seen a clear slowdown and it starts in our region itself ever seen a slowdown houses are turning more slowly, price increases are not quite as aggressive and some of them now you see after on the market there backing down on the price and that's beginning to show the slowdown is really getting underway and it's going to be before the year is out working to see more of it how significant we might debate the clearly a slowdown and perhaps enter into recession for the end of the year next year. maria: tell me about this discussion that will happen after they make the announcement next week, the markets have been rallying on this idea that maybe will cf fed pivot after 75 basis

point hike next week and maybe december starts to show evidence that they will slow down on the aggressive hikes, what is your take and what are you expecting from 2023 in terms of the macro story. >> starting this week even though i still think they will hold the 75 basis points because they think the chairman has committed to that in most of his members, not all are willing to accept that this time but i think the discussion inside of them will turn about what about december and what about next year end therefore the discussion will become more stressful inside because they will be really caught between the idea of yes we have to bring inflation down, it may slowdown, it may show some improvement but whether that's enough will be a big debate versus things slowing too quickly, we need to really stop and perhaps even reverse

and the market will be listening to everywhere that people say and i don't think they know yet i think that'll be the debate and how this economy moves through december into january, how slow it gets, it will slow further and will define some of the future moves versus in that context whether inflation comes down and comes down significantly, if it doesn't come down significantly, then they will need to keep rate hikes for a while. maria: we haven't even discussed the impact of the unwind of the balance sheet close to $9 trillion at this point we appreciate your time, thank you for wayne and all of this. >> i'm happy to be with you maybe next time the balance sheet will be a discussion item. take care. >> the former president of the kansas city federal reserve thomas hoenig. the pentagon is sounding the alarm on china

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coventry direct .com. welcome back taiwan now bracing for what the taiwanese leadership describes as grim times ahead of chinese president xi jinping , pings, securing and historic third term as the communist party leader, president biden and she jinping are set to attend the g 20 summit in bali next month and will likely have time alone. meanwhile no reports indicate there are secret chinese police stations all over the world, including in the united states. we want to get more on this joining me. right now is the former secretary of state is fox news contributor. mike pompeo pio and secretariats. great to have you this weekend. thanks for being here. maria. it's great

to be with you. i was very taken aback struck by these reports that there is a ccp communist party police in america and they claim that they have to have their own police so that they could track crimes by chinese americans. we have our own law enforcement in america. why has the ccp have been able to put police stations in our country. i've seen that reporting also, maria , they shouldn't have police station so they shouldn't be doing law enforcement here. of course, that's just nonsense. you'll remember we had a huge spy operation being conducted by the chinese communist party . when we were in office, we closed the chinese consulate in houston, texas, where they are operating out of, but this effort of the chinese communist party to influence people here inside the united states. that's something you and i have talked about an awful lot. this problem is inside the gates.

they're telling american citizens of chinese heritage. you have family back there. be careful. we know where your family is. this is this is exactly what communist parties do. this is what authoritarian regimes do. we should not permit that to be happening inside of our country. we have to protect every american and that's exactly what you did as secretary of state when we had a string of indictments out of the d.o.j. because of your focus on the surveillance programs that were in place by the ccp and the theft of intellectual property. unfortunately this administration has canceled the china initiative. i don't know why there's still stealing intellectual property. isn't that right? oh my goodness. she xinping this weekend he consolidated power and acknowledge he's still got to steal a bunch of technology for a while. now they are hard at this. we've seen they're buying real estate in the united states of america, chinese companies buying real estate united states of america near our military facilities. no this is an all on campaign to destroy our way of life here

inside the united states, and we have to be serious. i regret that closed. the vitamin station closed down that program. i hope they are still doing that hard work the hard work of ferreting out these chinese influence operations inside of our country. like we all saw the hunter biden laptop . we need to see what's there. we've seen their espionage and spying here. we watching maria in our colleges and universities in our research institutions. this is a this is a campaign that the chinese communist party has waged against america for 40 years. the trump administration got it right. we alerted the world to this, we began to push back, it has to continue. yes you did. unfortunately it's very hard to trust the commander in chief currently because we know about all of those tens of millions of dollars that him and his family has taken in from chinese officials tied to the ccp. can we trust his decisions against an adversary that has paid him all that money? always looking at. i always look at deeds, maria, and so far the evidence isn't great. they have

rounded the corners. they've done a handful of things on semiconductors. i applaud them for that pushing back against chinese semiconductors. that's good stuff. but this work maria this work to counter the chinese communist party is deep and serious and has to be focused on and i have not seen any of that focus from this administration. they have been weak. fauci xinping has talked about. he uses the word reunification taking over taiwan. this administration has to ship the munitions to taiwan they would need to defend themselves have seen no evidence that the biden ministrations is serious about protecting the american people and the west from the challenge presented by the chinese communist party. it's so disturbing to also learn that jinping just got empowered and on the public stage, he took out his predecessor. huge in tao was that the people's congress and he was led out of the room against his own will. this administration is also causing up to the leadership of iran, and let's talk about what's going on on the ground. iranians lining the streets in protest in iran, also in berlin

. this picture is just extraordinary. 120,000 iranians in berlin. protesting the leadership. and yet apparently , this administration is still trying to do a deal with the iranian leadership. despite the fact that the people are calling for the death of the supreme leader whose shied is the biden administration on the leadership in iran or the people. it's been clear since day one of the biden administration that they were determined to cut a deal with the iranians. that would give them a clear pathway to a nuclear weapon. marie you know this? it was that obama legacy issue we undid it. they ripped that back. that is tragic. the pictures you saw from berlin are really quite amazing, because it's been the german government. frankly that has been so interested in making billions of dollars inside of iran. so it's great to see the german people recognizing that what's happening inside of iran today matters. these protests are real. they are serious. they are deep there from across the economic spectrum across

the political spectrum there from all regions inside of iran , this administration is about to hand the ayatollah and president raisi who's the butcher of tehran, about to hand them billions of dollars in wealth, which they'll use to terrorize their own people used to undermine the sovereignty of israel. they still claim they want to wipe israel off the face of the earth. and that hurts us here at home. that hurts americans, too. i hope this administration will get their feet underneath them and recognize israel's our partner right as our enemy and the gulf states can be great security partners for the united states of america. as you have said, i'm team times with your abraham accords truly a peace deal for the first time in decades. secretariats good to have you? it's great to talk with you. so appreciate your leadership. thank you, sir. to see you. alright mike pompeo joining us don't go anywhere and to you more wall street right after this thing. it's making you get an ice bath again. what do you mean the straps are mind blowing hundreds of data points like h r v and rem sleep. so you know

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night at seven p.m. eastern, right here on fox business, and i'll see you on sunday morning at 10 a.m. eastern, on the fox news channel for sunday morning futures. i've got exclusive interviews with house minority leader kevin mccarthy, likely soon to be the new speaker of the house next year. also texas senator ted cruz is with me, along with senate candidates kelly chewbacca and general don baldock. don't miss that special senate panel. meanwhile every weekday starts smart from 6 to 9 a.m. eastern, on mornings with maria right here on fox business. we hope you'll start your mornings with us every weekday. that will do it for us for this weekend. thank you so much for joining me have a great rest of the weekend and i'll see you again next time. hello this week on the wall street journal at large. democrats say that if they lose the midterms, democracy is over