you do i have no idea dagen had a 3d printing two. it looks good on you. dagen: have a good weekend. >> from the fox studio in new york city, this is "maria bartiromo wall

street". maria: happy we could all welcome to the program analyzes the week that was in helps positioning for the week ahead i am maria bartiromo china front and center in washington this week with lawmakers sounding the alarm about the dangerous threats from the chinese communist party the ccp is counting on us to be divided we must rise to the occasion and prove them wrong. >> chinese communist party is a threat to the united states. >> is been more clear than ever that china has a plan to replace united states and the working added every day. >> some of us have been bringing the alarm bell for decades on microchips the tide rolled out and hit israel and the united states of america and the greatest single threat facing the american people and democracy around the world.

>> anthony blinken did not meet with his chinese counterpart the state department said there will be call to china the coming weeks joining me to assess the situation house foreign affairs committee member michael waltz. congressman is good to see you this weekend, thank you so much for being here. i want to get your take on the threat of communist china and you are among the first to raise this issue but is this a administration doing enough about it? >> are taking some steps they added another 37 companies onto what they call the commerce department entity list including a major cloud computer including bgi one of the largest genetic companies in the world and they had some restrictions on the chinese semi conductor industry, however, the china policy is constantly in conflict with itself because you have those at sea with a natural security and economic threat that it

is. and you have somebody others with john kerry leading the charge saying no we need a conciliatory approach and we can be to firm, we need china's cooperation on climate change as long as the biden of meditation says is talking out of both sides of his mouth the chinese communist party will take a vintage of the discord to advance their aims which are absolutely to replace united states as a global leader and i'm very pleased to see some democrats finally getting on board with the reality. >> what a joke china will adhere to any rules around climate change is this not the biggest polluter around the world? >> in fact the chinese are opening more coal-fired power plants than us and the rest of the world combined in the world's largest solar panel factory in western china staffed

with forced slave labor the solar power factory is powered by coal plants. for everyone who feels sanctimonious driving around their previous needs to look themselves in the mirror for the human rights abuses that they are supporting in the omissions that they are supporting coming out of china. we have to wake up to the fact they are taking advantage of it number one number two we need to wake up as a country that they entered into a cold war with us. we need to think about it and treating it that way. the decoupling that so many people are afraid of is actually happening but china is targeted because they want to create dependencies on them from the pharmaceuticals the solar panels to down the list. maria: you're absolutely right, nobody want to work but they actually started one whether software, economic war the ccp started this and you look back in the

covid-19 unleashed from the wuhan lab in china's cover-up you look at the surveillance balloon surveilling america and then the fentanyl crisis there was also a big focus on the hill this week but attorney general merrick garland seem to ignore china's role in the fentanyl crisis, he testified this epidemic was unleashed by the mexican drug cartels. we also got this emotional testimony from a mother who lost her two sons to fentanyl poisoning and after that you will see president biden's response to a question about it, watch this. >> you talk about welcoming those crossing our border seeking protection, your welcoming drug dealers across the border. >> she's very specific recently saying a mom upper mother who lost kids to fentanyl that i killed her sons. the interesting thing the fentanyl that they took came during the last administration.

>> is laughing about and blaming trump. >> that's just disgusting and it's heartbreaking on the part. on point of comparison, we've lost more americans to fentanyl then in the worst year of world were were to in terms of casualties. at the end of the day we need to go on offense against the cartels and we need to use every tool at our disposal including military assets integrate the macarthur finances and cut off their supplies, we did the same thing at columbia in the '90s against the callee cartels we need to send a message to the government mexico if you want step up we will we can have an ungoverned space run by paramilitary international organizations terrorizing our citizens and authorizing the

military force in the predecessor attorney general bill barr writing op-ed supporting that move and were doing this alongside representative dan crenshaw we know what it means to treat the groups like the terrorist groups like they are there like isis than they are the mafia. >> that the op-ed this weekend by bill barr, the u.s. must defeat mexico's drug cartels that we could no longer tolerate narco teller under terrorist cartels i made the point a couple times that these drug cartels are using armament similar to the military to mexico huge tanks and guns and that's what our border patrol, a face-off with. pre-teresa operation killed or wounded f 615 mexican soldiers and shut shot off their

aircraft until the mexican dilatory withdrew. again in the 1990s, we were running around the world trying to arrest al-qaeda and treating them as a law enforcement until we realize the hard way the national security threat that they were and begin targeting them with military assets. that's the same approach in mind ship that we need when it comes to the mexican cartels with it by the way are being funded supported and supplied by the chinese, this party as a proxy and we need to wake up to that fact number one or number two when he deals with president xi jinping alongside covid that they unleashed on the world. maria: china and the mexican cartels to items that this president is not responding to certainly not aggressively, thank you very much will be watching you work on this, mike walks joining us in florida. thank you.

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>> welcome back take a look at where markets ended treasury yields sword with disappointing sales guidance from big retail and we heard from he federal governors were key interest rates are heading now joining me to rev it up as a bonsai group founder managing box under partner david bahnsen it's great is you, thank you so much for being here. >> thank you for having me. >> yet one fed governor rafael bostic wants 25 basic point height in the foreseeable future, the markets rallied and another fed official and that was christopher waller saying the fed is going to have to do more were nowhere near the end of this and we will

likely see the federal reserve be more aggressive in the coming months, your thoughts on where we stand with the fed's move to kill inflation. >> and never believe that that was the cause of this inflation but not the primary cause so now all of us vilifying that fed and the power to limit or control inflation is problematic, the fact of the matter is the fed is likely going to over tighten and end up doing a lot of damage that doesn't need to be done. you do what the annualized inflation rate was in the second half of last year the working year-over-year and that's how most of us look at the data if you look at the last six months the inflation rate was 2.6%. the fact of the matter is that is with shelter showing the number that is way higher than real life, housing prices are coming down, rents are coming down because they

were totally unaffordable because the fed stayed to lose too long. so the fed hikes that help at that point they will stop before they do severe damage. >> we are seeing damage within the real estate area. the office landlord which defaulted on a $1.7 billion mortgage this happened late this week. pitcher default is putting clouds around credit, do you worry that commercial real estate is going to have a problem in terms of default and that could spark a widening problem for the macro story. >> i think it's good you distinguished commercial because of a residential prices coming down is a very good thing in stock would be a good default there so much equity on the residential side in the prices will

hopefully bring back affordability to the bubble housing market but what you refer to is not often credit spreads very much. so you're going to see some default there is some bad assets. and there's some big delay getting people back to the office. you not seen landlord's give keys back, the people that are brought the money and responsible for the mortgages in a little higher vacancy i don't think you're going to see a wave of default industrial real estate is still very solid there has to be some damage you can get interest rates of this high without a pro forma in disturbed but i don't think you become systemic. >> what is your thought about the week ahead with the jobs numbers coming out in the president releasing his budget and more economic data do you think things slow down this year and is latterly priced into the market would you buy stocks here? >> we would be buying

stocks for the long term dividend growth investors so we hope stock prices come down because were always reading to reinvest lower prices and yet i understand people are looking for a perfect point but there's no way one can say in the stock can't go lower from you that a great run in january in back of them february i would not be buying the index i would not be buying the whole s&p 500 i think evaluations are too high to say the whole market was attractive. we want to buy individual stocks with great dividend growth. the one thing that i wish was a real story is the president releasing his budget, the problem is releasing a budget the president of the senate budget doesn't mean anything in real life the story that isn't attached to what's going to happen because they don't ever actually pass a budget in the house and follow a budget and we desperately need a balanced budget.

maria: a dose of reality from david bahnsen, thank you so much it's great to see you this weekend, thank you. david bahnsen joining us. we will talk soon the retirement age to save social security is on the table the program before it runs dry, bill cassidy is one of the senators working on the plan and he is here next. ♪ ♪ ♪ ♪ voltaren. the joy of movement.

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maria: welcome back shrinking social security paid we only have a decade left until the federal funds run dry the social security goes insolvent, bill cassidy is working on a bill to overhaul the program that reportedly includes raising the retirement age from 67 - 70 ther

joins us right now, it's great to see you this weekend thank you so much for being here. >> figure for being interested in social our plan is not final raising the age is not necessarily part of it pretty might be it might not be. we are choosing to fix social security so people on a don't get a 24% cut president biden is choosing to ignore which means under current law people will get a 24% cut in what they can from social security when the program goes insolvent nine years he chooses to do nothing were choosing to save it. >> that's very well said and i think you're right about president biden saying nothing about this. we know social security is going insolvent within a decade the committee for responsible budget has raised a red flag but the president says it's republicans want to take away american social

security i assume he's referring to things like this, your plan to keep insolvent. what are the alternatives other than raising the age what are you looking at in terms of alternative to that if that is not part of it? >> under current law when the program goes insolvent those folk, like right now depending on social will get a 24% cut where we raise taxes 27% or if we borrow our way out of it we change the law and borrow our way out of it. we doubled the national debt so much so that the c.b.o. says they can't even model how battery will be that's what president biden is choosing and we are choosing something different make working to learn more he's coming out with his budget of higher taxes are you expecting the president feels that can be fixed with raising taxes? >> he things if he can raise taxes on very

wealthy, basically you cannot do that. that's what he says to pretend that he has a plan but he knows it won't work or pass he gives them a fig leaf of fig leaf of a credibility. it's only a vaguely previous choosing to let the program go insolvent and were choosing to fix it. maria: there's no plan to fix social security out of the white house so will be watching the timing on this. the president is threatening his first ever veto after the house and the senate struck down his woke es g investing role. >> the retirement of 152 million americans to pursue an ideological agenda when you invest your money retirement you want the best return i'm told a 1% difference in return over years makes the difference between living your dream and having to continue to work pretty is willing to sacrifice you dream so he gets his idea to call what he wants.

it's wrong he's using our future to pursue his ideological agenda. maria: if there are investors out there that want to pursue esg, they could do that but have you seen records of the performance of best related that is underperformed? and underperformed other areas with the rule that forces judiciaries to call investing esg related items. you likely underperforming what you could otherwise be investing in. >> absolutely, you know what i find particularly bitter about this, think about all the workers working in some industry related to oil and natural gas and chemicals you name it all the things we need for modern life there putting away their dollars for retirement their sacrificing to be a little less cassidy can the better in the future. he is using their future

plans to punish their current job under his rule the firm you are working for will not have the same access to capital to expand, grow and keep you in business and keep you and work and make you have a better wage he's using your future to punish her present and that is particularly bitter. maria: everybody needs to live within their means, that is how you get through but america is not, refacing debt of $31.5 trillion in the president is not committing to stopping spending he's asking congress for more money he wants to investigate covid fraud another $2 billion. do you expect to compromise at all as you raise the debt ceiling in the coming months? >> i expect some way forward you making a broader point the president thinks is on somebody else's watch he's going to be out of

office into her for six years. as long as some else's watch he does not care. the bill comes due in the social security program that goes insolvent or you retirement is not as good off and by the way of getting the social security or the inflation that he ignites is somebody else's responsibility in the meantime he gets a sugar high, that is wrong and what a leader should do. we need a different president but we need a different approach from this president. maria: thank you for being here. >> thank you.re maria: bill cassidy. one more important thing you need tmefirso know about for next week. that is next you can't buy those. but you can invest in them. at t. rowe price, our strategic investing approach can help you build the future you imagine.

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it said to be announced on thursday the upcoming week the president is insisting you won't raise taxes on anybody making less than $400,000 a year. he says he is looking to cut the deficit over the next decade but even democrats like joe manchin say they should be looking instead of spending cuts. democrats are fighting for 23 senate seats in the next election. it's a big story we are going to follow all next week or needs with maria 6 - 9:00 a.m. eastern on fox business. i will see on the fox news channel on sunday "sunday morning futures" is live on 10:00 a.m. eastern avenue exclusive interviews with jim jordan and doctor ronny jackson former white house senior advisor stephen miller and vic ramaswamy all with me sunday 10:00 a.m. that will do it for now, they get so much for being here have a great rest of the weekend and i will see you again next time