their pets. to look at the stock of this company, trading cheaper than it has historically, projected to grow earnings by 10.7% and big on the innovation track producing a drug that fights parasites which we don't want our puppies to have those. ben: looking at adidas. problems in china, problems with kanye west or black lives matter but the stock isn't acting like it has problems. looks like it is breaking out. pretty interesting here. jack otter: check out this week's addition dagen: joe pinion, jimmy failla. sean: have a great weekend. >> from the fox studio in new york city, this is "maria bartiromo wall street". >> welcome to the program analyzes the week that was in

helps position you for the week ahead. i am jackie deangelis and for maria bartiromo. the indictment of president trump, house republicans demanding more from answers, florida congressman byron donalds on that and more. inflation continues to be the number one issue for voters according to a new fox poll, john lonski is breaking down the latest report on rising prices and what it means for the feds next rate decision. unleashing american energy a bipartisan bill passing the house aimed at driving down the cost of energy for americans. president biden and chuck schumer are vowing to block it from moving any further. energy secretary rick perry responds but first president trump expected to voluntarily turn himself in in new york on tuesday after his indictment by manhattan da alvin bragg, supporters of the former president gathering outside of his home at mar-a-lago. joining me now florida congressman byron donalds, it

was great to see you, i would get your reaction to what's happening right now. >> this is a tragedy for the country. you have a guy, alvin bragg who is taking some issue from seven years ago. i say issue because the sec told not to bring any charges or fines to the trump campaign, the primitive justice looked at this, they said there's nothing to see here. he's using a misdemeanor that is outside of statue of limitations to bring a felony on a federal charge outside of his jurisdiction, this is political persecution of donald trump, alvin bragg is doing the thing that the radical left has been wanting to do from the second he stood up and said i would be the president of the united states because hillary clinton would be an absolute disaster pretty stop the radical left agenda dead in

their tracks, he hated it for them ever since and they continue to go after him. now you see the results, this is terrible for the country. jackie: it's really interesting because it da alvin bragg that downgraded 52% of the felonies to misdemeanor and this is something where he's doing the reverse and he has a star witness that has been disbarred in a convicted felon. >> all those things are true but alvin bragg campaigned on wanting to get donald trump, the democrats for years have picked a target, they polarized it, they personalize it and they wanted to criminalize it and that's what they're doing right now, let me be very clear is not just about republicans or democrat to independence rate in our country we cannot allow for political prosecution. also want to be clear nobody is above the law but looking at the fact patterns in the situation it's all politics, all personal it is been brought to us by the radical left democrats and americans must stand against it. >> switching gears for a moment to another big story that were

watching. speaker kevin mccarthy not giving up on his push for talks over the debt ceiling with president biden's refusal to negotiate. listen to this. >> he is making the decision that he wants to put the economy in jeopardy. i don't know what more i can do and how easy i would bring the lunch to the white house. i would make it soft food if that's what he wants. it does not matter. whatever it takes to me. jackie: the clock is obviously taking, the white house is slamming republicans over there suggested spending cuts claiming got critical support for hard-working families while delivering massive tax breaks for the super wealthy and big corporations, congressman your response to this this is a white house that has been willing to negotiate over anything, this is no different. >> first of all the white house talking points are all lies anyway. i've seen the proposals it doesn't do any of that, number two, more importantly joe biden could've had a clean debt ceiling six month ago.

nancy pelosi was speaker of the house six month ago. democrats still controlled the senate six month ago. he could have a clean debt ceiling six month ago. he chose not to get one because he wanted to play politics pretty wanted to play brinksmanship, joe biden wanted to play with the treasury markets, let's be clear, house republicans have been working diligently for a couple of months about different proposals within our conference so we can bring the conference together and move towards raising our debt ceiling and making sure were being responsible with the fiscal future of the united states. the american people need to understand joe biden does not want to negotiation joe biden wants to run this up until the deadline so bad terrible deal gets pushed through at the last minute. he wants to play brinksmanship is old washington at the american people are sick and tired of, kevin mccarthy house republicans we want to sit down and work right now we've been

doing it the president needs to step up and do his job. be very clear he wanted this fight on purpose because he could've extended the debt ceiling six month ago. jackie: this is one piece of an overall distorted economic puzzle if you will right now. we have rising interest rates, potential banking crisis that seems like it's contained at least for the moment but then you president biden and treasury secretary janet yellen blaming trump for the recent bank collapses, janet yellen claiming the trump administration decimated financial oversight why biden is calling for reversal of the rollback of regulation over midsize bank, your on the house financial services committee. does this make sense to you because the flipside of the coin that they're not mentioning is the fact that they spent over $6 trillion in the course of two years that sent interest rates skyrocketing. >> first of all your lying again we had congressional testimony from vice chair at the federal reserve who is the head of a supervisory.

even his own testimony said the bill under president trump did not take any authority away from the federal reserve and the san francisco federal reserve bank to oversee silicon valley bank or any other bank under their supervision so the white house and the treasury secretary are lying to the american people yet again, let's be very clear we have an issue with supervisory in my opinion over the banking system. at the end of the day the failure of silicon valley bank was on the banks management they did not have a risk officer in place they did not make sure they paid attention to the interest rate risk on their balance sheet with so much of the inflationary pressure, frankly all the inflationary pressure in the united states is because of joe biden's reckless spending money came into the white house the first two years spending that amount of money when we did not need to is what sparked inflation and not every american is suffering as a result. >> you make to really good point i'll repeat them the bank

obviously blended with respect to how it structured its management how it was looking at his investments and at the same time with respect to regulation the red flags were already raised people chose not to act on them. congressman byron donalds, thank you so much for your time. new inflation numbers coming o out, economists john lonski is fresh, warm hot dogs! when i'm not selling hot dogs, i invest in a fund that advances innovations like robotics. fresh, warm hot dogs, straight out of my torso! one for you, one for you. oh, you're a messy one. cool, right? anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. hot dogs! fresh, warm hot dogs! before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com ♪ we're going on a bear hunt. ♪ ♪ going on a bear hunt. ♪ bear? ♪ we're gonna catch a big one♪ ♪ we're gonna catch a big one. ♪ ♪ look out for the water. ♪ ♪ can't go under it. ♪

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jackie: here's a look at where stocks ended the month in the quarter fourth quarter gdp was revised lower for the third ti time. the u.s. economy grew 2.6%, that was the annual rate sliding from 3.2% in the third quarter, we also got the fed's preferred inflation core pce for february, and slightly lower than estimates. a new fox poll shows nearly three force of american say inflation has caused them hardship over the last six months, joining me now through

the president john lonski, always great to see you. inflation sitting at 6% is putting a strain on americans. read it very difficult. right now. >> definitely inflation is up at 6% but wages are growing by less than 5% 4.6% in fact it's been almost two years where inflation has out ran wages and that will eventually take its toll of consumer spending. authority has with durable goods and eventually it will hit services. >> to put that in context, the same poll showed part of me 90% of people that were asked that inflation was a top concern right now, over crime, over political division, over higher taxes. >> they keep falling behind in terms of living standards because they can't afford the same basket of goods and services that they could easily pay for in the past, this is a tax of sorts that nobody can

escape easily, especially middle income americans, lower income americans. jackie: the fed is going to look at the preferred gauge, pce, prices for producers they were up point to percent for the month was slightly less than expected but there still higher, that says to me the producers are still paying more. >> that's correct, the same report that we had on february's personal spending and income this shows me that wage and salary income is still growing rapidly up seven-point to percent, this is the average wage but i think wages can multiply that by the number of people working. we still have the ability on the part of consumers overall to pay for higher prices and also tells me there's a lot of wage cost pressure after that will help to sustain inflation at a rate well above 2%. when i look back historically if

you would be confident about and into rapid price inflation the aggregate number that measures all wage and salary income taken together should grow no rapidly than 5%. unfortunately were at seven-point to percent february. jackie: there's a little bit of a disconnect stocks move higher in their thinking the fed is going to pause on rate hikes nobody will become cheaper relatively speaking, there also looking at companies that are laying off workers and saying consolidation is good for the company and the bottom line stocks are moving higher on that, the fundamentals of the economy are pretty poor that's not what's driving stocks right now that's was confusing to people. >> the stock market thinks we can have a soft landing and with a soft landing will bring inflation down to the 2% target without suffering a recession. unfortunately i think equity is going to find out you cannot

have your cake and eat it too. i believe a recession is inevitable and it may not strike until later this year but it's coming because that is the only way that we contain rapid inflation for good if the fed for instance stops rising rates to quickly that could lead to a resurgence of price inflation. jackie: let's talk about this from the same fox poll i sort of chuckled it's not that funny. the people polled asked if you had $10000 to invest where would you put it, 37%, only 37% after what we've seen said they would put in the bank, 18% said the mattress that was higher than gold at 70% that was higher than stocks at 16%. >> if you have $10000 to better have a very big mattress. i might suggest you can go ahead and get a six month t-bill with no price risk, no credit risk

and that pays about 4.8% the same as fed funds, why bother with the equity market when there's a lot of downside risk. banks are basic, $10000 is under the two other $50000 limit that you are insured for. i would not worry that much about things unless you have a very large amount of money but again what happened in silicon valley, de facto we now have unlimited bank deposit insuran insurance. jackie: john, always great to see you, thank you so much. john lonski. a war on american energy, house gop for filling a campaign promise this week to bring down the cost of oil and gas in this country but president by didn' the new chase ink business premier card

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jackie: house republicans passing the signature legislation h.r.1 major campaign promise aimed at lowering the cost of energy, for democrats also voted for the bill for president biden has vowed to veto it if it passes the senate which it won't. >> h.r.1 is dead on arrival in the senate. not because of politics but because it's a ridiculous and is been drawn up by pro-oil senators no regard for anything else and no democrat has been consulted. >> republicans say the bill will lower energy prices and open up permitting for drilling in this country. joining the energy secretary and former texas governor rick perry, it's always great to see you. the president has vowed to veto this if it were to pass the senate, which we said it won't

but this could really help you make people especially at a time when energy costs are high and inflation remains at an elevated level, your thoughts on how this is playing out. >> is certainly hope the american voter in particular is paying attention to what's going on here. this is the biden administration continually piling on more and more pressure onto the backs of the tax pain people of this country. this is going to cause energy prices to go up and when energy prices go up you know what the result is whether transportation cost, the supply chain. all the different things that add to the cost of a product or an activity is going to become more expensive. we have a recession were staring right in the face of. the message i would rather cater to the left activist, the environmental activist then to worry about what happened to you american citizens.

clearly we need fossil fuels in this country. wind and solar are fine too. we needed all of the above energy strategy which this bill allows to occur. john kerry and the rest of the radical democrats out there. they have this president held hostage into hell with the rest of the country we are going to pay our homage to the leftists on the environmental side and we really don't care if it cost you or not. it's an incredibly poor policy decision by the president to say i'm going to veto the bill. let it be debated and talked about, mr. schumer, let your senators talk about this in public. you might find out something to get a little educated that the energy industry is not evil it is a good thing and it's how

americans have flourished. a matter fact globally if you don't have american fossil fuels in the mix you are basically telling billions of people around the world sorry you can have to live under the consequences of which you find yourself today and most likely you going to die an early death. >> governor can we probe his agenda a little bit. he is doubly done of not tripling down on the very extreme energy policies pandering to the extreme left as you suggest. you think this will hurt him in the next election? one school of thought used trying to hammer home because not been able to accomplish anything else and is destroy the economy. >> i think americans are by and large when you hurt them enough, they have a lot of things going on in their lives they are trying to make ends meet and meet schedules and they're worried about keeping their job.

they see all the discontent across america whether it's on the evening news and they're worried about it and this president basically gets up and says, by the way, gas prices, selling out of the strategic reserve to drive down the cost of gasoline and had very little effect except in the long run is going to put americans in jeopardy. if we have a major national emergency, hurricane next year end you have the strategic petroleum reserve at the level that it is. it could be a real catastrophic event. there's so many things going on that i think the american people are paying attention to or they should be because this president playing footsie, holding the hand of the radical environmentalist, there going to vote for him regardless i think

that he is making sure there going to vote for him but i don't think there's enough of them to overcome the common sense americans out there, that we did avenue do policy in this country that is balanced and despairing all the above and helps drive down the cost of energy in the piece of legislation like h.r.1 that will get america back in the energy business in a big way. jackie: governor can ask about this, we have the special envoy john kerry just heading to london and paris this week pushing biden's energy agenda this comes after saying that the u.s. needs to work with china and russia to combat climate change, china and russia are doing nothing to combat climate change the american consumer is being squeezed here at home. >> i think of the word being an adult if you think john kerry is get a make a whit of difference

relative to the chinese or the russians then you are out of your element. john kerry is enjoying jetting around the country being somebody having people pick him up at the airport and drive him somewhere to go whisking through at a special envoy or whatever his title is. it is hurting americans. i think we see through that. in 2024 i suspect americans are going to turn out in droves to get rid of this administration and the democrats backing him up. jackie: governor rick perry, thank you so much, great t asking the right question can greatly impact your future. - are, are you qualified to do this? - what? - especially when it comes to your finances. - are you a certified financial planner™? - i'm a cfp® professional. - cfp® professionals are committed

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jackie: welcome back, one thing you need to know ahead of next week china vowing to retaliate against the u.s. with kevin mccarthy meets with taiwan's president during her visit to los angeles on wednesday, china's taiwan affairs office issuing the statement. she contacts u.s. house speaker mccarthy it'll be another provocation that fiercely violates the one china principle harms china's sovereignty and territorial integrity and destroys peac peace and stabilin the taiwan strait we firmly oppose this and will definitely take measures to resolutely fight back. fox business will be keeping an eye on this. catch maria 10:00 a.m. sunday morning on the fox news channel for "sunday morning futures". interviews with congressman jim jordan, brian style, as well miranda devine and peter schweizer, that will do it for me rethink his symmetry watching we will see you next time.