person experience. which bodes well for them. jack otter: a different picture. ben: they make tools, they had earnings that were fantastic, the stock jumped 8%. normally you want to avoid stock after that it jumped to the top of its range and broke resistance on that move. the numbers were so good they will be better going ahead. one analyst called the recession resistant which sounds good to have. sounds interesting. jack otter: technical analyst comes out once in a wild. thanks. to read more check out this week's addition of barron.com. by your book you get a lover as much as i do. that's all i have to say. >> from the fox studio in new york city, this is "maria bartiromo's wall street". >> happy we can do all welcome to the program that analyzes the week that was in helps position you for the week ahead.

i am maria bartiromo. sonic spying startling details from the leaked classified military documents obtained by the washington post show china could deploy high altitude spy drones that can travel at least three times the speed of sound getting a big boost to beijing surveillance capabilities against the united states and around the globe. one national agency warning these drones could help china target u.s. warships near taiwan in military bases in the region, meanwhile the fbi is wordy that china is using new tactics in the united states to silence critics. were learning not only were there secret police stations in new york city but several across the country as well in los angeles, san francisco, houston, nebraska and minnesota. the white house is dodging questions of when prided under president biden will confront xi jinping about the recent aggression. joy to me marco rubio vice chairman of the senate select

committee and a member of the senate foreign relations committee. it's good to have you this weekend you thank you for being here. what is your response to all the aggressive acts from china we know that the spying capabilities are about to get higher good. what is the response from the united states? >> and history of the world no country has invested so much money so fast in undermining and overtaking the united states soviet union did not have the money and nobody else is ever done it. this is the biggest challenge we've ever faced. a lot of the cases we've been talking about these things for years because they have been developing over the last decade, some of us that serve on intel we see it coming ahead of time you saw the police station that china had in newark to target chinese-americans who are pro-democracy and so forth. we've been seen this coming for a long time is just the tip of the iceberg. it feels like everything is avalanche of news. it's one thing that frustrate me and people say you're being

hyperbolic or you're exaggerating or into red scare or you're doing this for political purposes. we better wake up, the challenge is much bigger than our commitment now unfortunately. maria: we also recognize this is not hyperbolic, we had a spotlight on it for many years as following your lead. i would like to know why this a administration has a soft response to china? >> you have to understand for the most part it's staffed by creatures of a failed consensus that is existing for 20 or 25 years after the end of the cold war everybody thought they would become free and capitalist china included we flood them with american goods and they would import our values and china would change and it did not work out that way, the only two beneficiaries are globalization were multinational corporations, many of them doing business in china and the chinese communist party that in many cases wiped out american jobs and the

recommended classes paid for the rise of china and the macon worker has paid for the rise of china. these people are a product of the consensus. now they understand we have to be tough on china politically, that they were to do something about tiktok. but at the same time they're inviting tiktok influencers into the white house. tiktok lobbyist have visited the white house over 40 times of the biden administration and they're not serious about getting rid of it. issue after issue, janet yellen spoke just recently and she said two things that are really alarming to me. the first she said we don't seek a winner take all competition with china, that's very nice but china takes a winner sequel competition with us so we better wake up without reality and another thing our goal is not to use our tools to gain a competitive economic advantage. that is china's goal and it better be ours, our tools should be used to give american american workers and advantage and the fact that she was a those two things tell you everything that you need to know why the wrong people to deal with this.

maria: i saw the speech i kept thinking to myself you keep saying we do not seek conflict with china, the bringing conflict on a silver platter, how are you going to respond. i think there national security issues today that people were not aware of just ten years ago. let's go to the national security issues as well as the economic issues. the economic issues are you prepared to pursue removing china's most favored nation status entrée? >> absolutely, one of the biggest mistakes policymakers have made a bipartisan mistake was omitting china into the wto you can track that decision under the clinton administration from that moment forward you can track the destruction of the macon middle-class the destruction of manufacturing in our country, the emptying out the multiple cities that were once vibrant places, the loss of industrial capacity, the overreliance on chinese supply chains everything from raw material to finished goods, putting us in a dangerous place.

>> other issues national security issue i don't know that corporate america has gotten the memo they keep investing in china and a whole host of ways, you been outspoken against u.s. investments in china. now politico is reporting that the white house is nearing an executive order that would require companies to notify the government a new money going to chinese technology companies and prohibit some deals with chinese sectors like microchips. is this too little too late and you think they get to go through with it, i'm skeptical. >> we need to see how it's written and we had legislation and senator cornyn and others have worked on legislation and outbound investment. it's important how much corporate cash from the united states is funding operations in china that directly benefit the military. we think the corporations are like ours. in america apple may have a contract with the military but they are not an extension of our government. ibm is not an extension of our government, google is not an extension of our government. in china there is a military

civilian fusion everything is fused. whatever advances in any field is ultimately used by the military. it's all combine paid when you do a deal with the chinese company and what other national champions are dealing a deal with the chinese military. maria: let's not forget there is absolutely no response to the cover-up of covid-19 out of communist china as well. i want to move on to this topic, you introduced a bill along with dan crenshaw. your demanding more from answers from the centers for disease control about the pandemic era messaging, the guidance, now they're pulling the original vaccines off the market, they claim they're amending it. what do you want to learn. >> i think they undermine the cut ability of the cdc. when we have hurricanes heading to florida and the national hurricane center says it's coming towards florida nobody doubts the hurricane center and budget if they didn't people did it prepare that's how we need to have the cdc operate the people of lost confidence not just the guidance that is conflicting and constantly changing but it seems to me into a lot of people to be influenced by politics.

what role did the teachers union play and having them continue with the mandates and recommendations of keeping kids out of school. i think they contributed the vaccine hesitancy by recommended vaccines that are not to be testing young children despite evidence for example myocarditis another type related now with the benefits of a vaccine. perhaps the worst spokesperson the cdc has ever had, the current head i think it was last week or right before we broke, basically said the vaccine is not very good at preventing transmission. this is asking the general office to go when and examine how the cdc make these guidance and what influencing them in the science of medicine or they have been in place by politics. i think we already know the answer to that but we want to see it in writing. i think that will help the future cdc begin the confidence of the american people. we need to cdc america people can believe and not a political tool. maria: of course, the fda has pulled authorization for the

original pfizer and butternut covid vaccine and other talk about the fact that they believe most americans have immunity because of the antibodies. didn't we say that two and half years ago. >> yeah there was a lot of downplaying of that and if you recall and you were on facebook or twitter and you said maybe the virus came from a lab, that was misinformation, they would take you down. if you said the vaccine did not prevent the spread of the disease, they would take your messaging down you could even have your account closed. things that were considered misinformation and disinformation by the scientists and government agencies are now except the facts or at least in the case of the origins of covid something that the fbi and the energy department say is the fact. there's a lot to be concerned with the messaging i think they undermine cut ability, i worry we may have a pandemic in the future and it may be much worse than covid. will people believe the cdc in the guidance and will they be

hesitant to follow their guidelines knowing how they undermine the creditability during the last pandemic. we gotta get that fixed. maria: marco rubio. an unprecedented move sending shockwaves to the housing industry. reaction on impact b this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. starting a new chapter can be the most thrilling thing in the world. there's an abundance of reasons to get started. how far we take an idea is a question of willpower.

because progress... is a matter of character. the day you get your clearchoice dental implants makes every day... a "let's dig in" day... mm. ...a "chow down" day... a "take a big bite" day... a "perfectly delicious" day... - mm. [ chuckles ] - ...a "love my new teeth" day. because your clearchoice day is the day everything is back on the menu. a clearchoice day changes every day. schedule a free consultation. ♪ what will you do? will you make something better? create something new? our dell technologies advisors can provide you with the tools and expertise you need to bring out the innovator in you. ♪

♪ do the work, before the work. bodyarmor lyte. more than a sports drink. (fisher investments) in this market, you'll find fisher investments is different than other money managers. (other money manager) different how? aren't we all just looking for the hottest stocks? (fisher investments) nope. we use diversified strategies to position our clients' portfolios for their long-term goals. (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. maria: welcome back take a look at where markets ended the week after disappointing set of earnings and growing concern of a looming recession. the biden administration came out with a new role for homeowners forcing those with good credit scores of 680 or higher to pay higher mortgage rates and fees in order to cover the cost of high risk borrowers. the bahnsen group founder managing partner cio david bahnsen is joining me to talk markets and the economy. great to see you, thank you for being here both former housing officials under obama and trump

are slamming this unprecedented move calling it socialism. what are your thoughts on the new rule that the biden administration is trying to push through. >> it is profoundly bizarre that those of us who understand economics to be driven by incentives would think it is a good incentive to say if you have good credit, manager financials well, keep your affairs in order, pay your bills on time, keep your debt low all the things that help somebody have a good credit score that that will penalize you. ineffectively that major being rewarded to not have good credit. the subsidization of people who have poor credit. it's bad incentive which means by definition is bad economics. maria: i feel like we went through this back in 2006 encouraging bad credit to take on more mortgages innocently did not end well.

i want to get your take on the macro story after the week of earnings. how would you characterize what we've heard from corporate america and terms of first-quarter earnings. we have a big week next week, what would you expect. >> i've learned over the last 25 years it's the second week of earnings season that tells me how it's going to go not the first week but the first week was better than what i expected there was great names from consumer staple companies obviously the big banks did better than many thought. so far so good but the week ahead for you to get a lot of earnings results. most companies are pretty much seen a similar tune revenues are staying strong they have pricing power, march it is down a little. guidance is about what people expected, no surprises up or down. maria: do you think we will see a recession later this year. >> i do believe we will see a mild recession. i would not be surprised if he goes into q1 of next year versus q4 of this year.

the markets have been stubbornly strong and i say that is a good thing i want strong financial markets but credit hasn't weakened that much. the consumers credit ratios are still pretty low and reasonable but the fed is doing everything that they can to try to her and damage. they seem to believe people losing jobs and losing credit worthiness is a good thing. don't happen to agree with them on that but that's why think a mild recession is still on the table but i don't believe will see a severe recession. i think this is mostly limited job loss limited to technology and things like that. maria: kevin mccarthy the house speaker is pushing the vote next week on his plan to increase the debt ceiling. some demand in place to put limits in place in terms of spending, were hearing not all republicans are on board. you think the markets will selloff if he does not have the votes next week. >> i don't think speaker

mccarthy will put it forward for about if he doesn't have the votes. they can be put that forward we have to assume he is 218 and i don't think he'll get much more than 218 - 219 it's good be very tight. i don't think markets will selloff other than volatility the day of or after which is pretty immaterial. ultimately if the republicans are going to have the leverage to force spending cuts he has to pass a bill that the speaker baynard in 2011 they passed their own bill that raise the debt ceiling with spending cuts which forced the hand of president obama that's what mccarthy has to do here to get the upper hand of the biden administration. maria: we will be watching a lot of potential markets, it's great to catch up with you, thank you. maria: hunter biden cover-up a new whistleblower emerges with what he says is proof officials at the very top of the biden administration worked to

discredit the bide the chase ink business premier card is made for people like sam who make...? ...everyday products... ...designed smarter. like a smart coffee grinder - that orders fresh beans for you. oh, genius! for more breakthroughs like that... ...i need a breakthrough card... like ours! with 2.5% cash back on purchases of $5,000 or more... plus unlimited 2% cash back on all other purchases! and with greater spending potential, sam can keep making smart ideas... ...a brilliant reality! the ink business premier card from chase for business. make more of what's yours. at adp, we understand business today looks nothing like it did yesterday. while it's more unpredictable, its possibilities are endless. from paying your people from anywhere to supporting your talent everywhere, we use data driven insights to design hr solutions and services

to help businesses of all size work smarter today. so, they can have more success tomorrow. ♪ one thing leads to another ♪ do you ever worry we'll live forever? no, it's literally never crossed my mind. what if we live to like 100? that's 35 years of being retired. i don't want to outlive our money. and i have been eating all these stupid chia seeds! i could totally live to be 100! why do i keep taking such good care of my- since we started working with empower, we're able to get all our financial questions answered, so we don't have to worry. so you never- no. never. join 17 million people and take control of your financial future to empower what's next. start today at empower.com

maria: welcome back the hunter biden cover-up new bombshell testimony from former acting cia director mike morel which reveals less than a month before the presidential election in 2020, senior biden campaign advisor and secretary of state anthony plug-in reached out to mike morel to organize 50 current and past intelligence officials to sign onto a public statement which claimed the hunter biden laptop was russian disinformation. we do better because john ratcliffe appeared with me and said it was absolutely not disinformation this comes of a

whistleblower at the irs who is now saying mismanagement of the agency's investigation of hunter biden, house republicans are demanding more from answers. nancy mace is a member of the house oversight committee and the committee has exposed all of this. she joins me right now. it's great to see you this weekend, thank you for being here. >> thank you as always. maria: what have you learned of the oversight committee of the influence peddling scandal. >> we learned a lot several of us from the oversight committee rapid department of treasury to review over 170 suspicious activity reports on only two members of the biden family. what we discovered there is outrageous the fact that this is not been investigated to the fullest extent of the law. is outrageous that republicans continue to be smeared as conspiracy theorist when the writing is on the wall, it's in black and white in the suspicious activity reports. the number of shell companies amount of money that was

floating around is astronomical, prostitution rings, all of those things, potential wire fraud, unknown sources of funds, where the money was coming from china and russia and where the money was going to see this not investigated to the fullest extent of the law is outrageous, for years the left has said no one is above the law except president biden in his family. maria: is unbelievable we know james comer, the chairman of your committee came up with the bank records the indicated one of the partners of hunter biden, rob walker received the 3 million-dollar wire from a chinese company in the very next day he distributed more than $1 million to biden family members. you know what the biden family members were being paid for, why are they being paid by china.

>> that is largely in part why these activity reports exist that's very unclear the fake and shell companies existed where the money was coming from a where was going. though we only reviewed spaces activity reports for two members of the biden family, what we discovered far more biden family members involved that we previously realized. every time we look under a stone there is a dumpster fire. more individuals have to be investigated the amount of money and shell companies inviting family members is outrageous and it's an injustice to the american people. they ought to know in the presidency today is for sale to adversaries around the world it's a legitimate question. and if they were greenlighted things for china the otherwise china would not have had, that's where the money was paid for. were they allowing china to buy

land near military bases, were they allowing china to acquire energy companies, all of this is up for grabs now. we don't know what the money was for. >> when you look at the logs from the white house when biden was vice president and you couple that with the amount of money being spread around the biden family and some biden families potentially pain joe biden's bills and using the potential pay to play revolving door with hunter biden's colleagues from china and russia and other companies around the world that they did business with supposedly become the real question about corruption at the highest level of government. it's a new question is not a conspiracy theory i'm not making anything up i try to be at the middle-of-the-road wooden we look at what's happening with our country but this has to be investigated. what you mentioned before with secretary blinken spreading this information purposely spreading to serve under thi disinformatin that has to be investigated now, it is just crazy.

>> this is among the scariest of all because if the duplicate is the secretary of state. he is the one, the diplomat who is supposed to be meeting with his counterparts in china all the while china wants to overtake the united states as the number one superpower they are undermining us left and right make a complete injustice that taxpayers are paying for this is the stuff of the banana republics and if the left is going to say no one is above the law will prove it, put your money where your mouth is we have all this investigated for the mega people to decide. >> we will sadly keep a spotlight on congresswoman we ap 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 to acting in your best interest. that's why it's gotta be a cfp®. >> woman: why did we choose safelite? we're always working on a project. while loading up our suv, one extra push and... crack!

so, we scheduled at safelite.com. we were able to track our technician and knew exactly when he'd arrive. we can keep working! ♪ synth music ♪ >> woman: safelite came to us. >> tech: hi, i'm kendrick. >> woman: replaced our windshield, and installed new wipers to protect our new glass. that's service on our time. >> singers: ♪ safelite repair, safelite replace. ♪ electric dream days are here. come in now and experience the intense thrills and incredible offers on any of five mercedes-benz electric vehicles. including two years complimentary charging and pre-paid maintenance. the vehicles are all electric. the feeling is all mercedes. the choice is all yours. but hurry, these dream days are only here until june 5th. i'm your overly competitive brother. check. psych! and i'm about to steal this game from you just like i stole kelly carter in high school.

you got no game dude, that's a foul! and now you're ready to settle the score. game over. and if you don't have the right home insurance coverage, well, you could end up paying for all this yourself. so get allstate, and be better protected from mayhem, yeah, like me. thanks, bro. take a lap, rookie. real mature.

i got into debt in college, and no matter how much i paid, it followed me everywhere. so i consolidated it into a low-rate personal loan from sofi. get a personal loan with low low fixed rates, and borrow up to $100k. sofi get your money right. maria: welcome back one thing you need to know ahead of next week a lot of market moving events first-quarter gdp along with all of their needs, expectations are for growth to slow down with the first quarter coming in at 2% that is lower

than the 2.6% in the fourth quarter of last year. goldman sachs is expecting one point to percent growth for the entire year as economy slows after of interest-rate hikes buried will be following it all with "mornings with maria". hope you'll join us 6 - 9:00 a.m. eastern on fox business. i'll see you again sunday morning 10:00 a.m. eastern live on the fox news channel "sunday morning futures". exclusive interviews with kevin mccarthy, house oversight committee james comer, congresswoman claudia tenney and gates don't institute senior fellow live on fox news, that'll do it for now here on fox business have a great rest of the we and you for watching. i'll see you next time. ♪