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tv   Maria Bartiromos Wall Street  FOX Business  July 1, 2023 10:00am-10:30am EDT

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hit it rejoin market budgeted% any stock is ever hit that lev level. near record valuation of trade for 30 times earnings right now but i'll be cautious on right now for this not a lot of growth in apple right now. i think it's peak enthusiasm for apple right now. jack: not a bad stock but not time to buy in. it's been? >> medical supply companies been stuck for a while it is cheap, it's coming up to a level that if it breaks through it could it looks great here. c4 people to the products. thank you very much check out this week seven edition of barron's.com do not forget to follow us on twitter and that is all for us. have a wonderful fourth of july see you next week on barron's have a good weekend happy fourth. >> fox studios in new york city this is maria's wall street.
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maria: happy independence weekend very welcome to the program analyzes the week that was an helps position you for the week ahead. i have maria. as we kick off this july 4 weekend, american patriotism is near an all-time low. the latest fox full shows 44% of u.s. adults say they are proud to be american. with 53% saying they are not private at all but this is voter confidence in institutions is hitting rock bottom right fbi the d.o.j. hovering around 50% with criticism of a two-tiered system of justice. now house republicans are demanding more than a dozen federal officials who oversaw the hunter bite investigation give on the record testimony for this over the whistleblower's accusations of political interference. join me right now house oversight committee member congresswoman nancy mason. congressman it's great to see this we can, thanks for being here. >> thank you, maria as always. maria: what is going on in terms
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of the d.o.j.? we are hearing increasing stories that merrick garland, the ag perhaps got in the way of the u.s. attorneys investigation, david weiss says he was stopped at every turn trying to do the investigative steps necessary in investigating tax crimes of hunter biden. >> right. it's very clear here that somebody is lying. i trust these whistleblowers far more than i trust the attorney general merrick garland. we ought to be doing is subpoenaing everybody. every single documents, every deposition especially hunter biden yesterday for anything that there is because what we have learned is the d.o.j. has been complicit and has been covering up this investigation pretty heard from the irs whistleblower this weekend. what i want to do is cult merrick garland, the attorney general pretty want to happen to congress under oath and ask him if he voted for the code red. the more we learn about this, the worse it gets.
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i think this is going to go down is where the most corrupt president most corrupt administration in u.s. history. i cannot express how angry i am. the more that i learned about this the part worse it gets and the fact they were blocking this investigation of corruption and money laundering, literally the biden family sold our country out. it is unbelievable in obscene and every american should be angry about this. maria: house oversight committees uncovered a whole host of evidence and the chairman james: told me last week that he thanks it could be upwards of $40 million that you can identify of money taken in by the biden family. how long it's been going on? what can you tell us about your investigation right knowledge of influence peddling? >> our investigation will at the bottom of it. i will titus of the suspicious activity reports we have seen, i saw one alone over $40 million.
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that was split into multiple people not just the biden's and their family members. but, we talk about 18 million the irs whistleblower brought up this week is just the tip of the iceberg. i think this is going so far north of that pretty could go further than $58 million we are talking about. but we as the oversight committee have to win the court of public opinion by showing the overwhelming amount of evidence i believe are committees going to receive. we are using firms foreign countries the bank records overseas. we have to be able to connect the dots, show the evidence. if you just on the screen you provided america does not trust congress. what i want to do is provide the evidence and let the american people decide for themselves just how corrupt this president and his administration and his family really been. maria: dr. jill biden has been pushing him to run in 2024. maybe she just out the gravy
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train to stop. can you walk us through the most important damning evidence you state you have? undercut bank records. you got suspicious activity reports and that whistleblower testimony. what is mustang in your view? >> 1023 form so far been the most damning. if we can get them unredacted to have everything we would need to connect the dots. but unfortunately the fbi's been stonewalling our investigation. thank god we have congressman call martin senator grassley. grassley seems to know the bodies are buried and we get information from that research from whistleblowers coming forward. i would encourage every whistleblower and everyone has information to come to our committees but the bank records are going to be key were not allowed to share the suspicious activity reports come the 1023 forms are unclassified are also going to be very important because they corroborate information in text and e-mails. once that message is hunter biden had on his laptop. none of this is a conspiracy theory, maria it you know it all the balls strikes right in the
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middle. this is going to go down as one of the most explosive stories of corruption in united states history we are done with this investigation. maria: didn't get that to the bottom of it yet let's face it: told us there 20 shell companies there 20 shell companies are going to follow the money they made it complex didn't it? >> they did. in the first 1023 form from the fbi there brag about how we take the u.s. government 10 years if all the money and figure out where the money came from and where it finally ended up through the different shell companies. but thank goodness we have good witnesses and whistleblowers from the irs to have done some of that investigation. done some of that work until they are blocked by what it sounds like to beat new york garland who is going to be key to all of this. we have to get him under oath. we have to get it before congress and we have to get the truth. we do not have a lot of time is going to take a lot of money and resources on the got to work fast. what's to become responsible and
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these people do with the depositions? >> is still very early we do not have responded to my knowledge. if they do not show up if they do not provide the documentation hold them in contempt of congress a taps of the threat to me that on the table and something we ought to use because we have to get to the bottom of this. we have to get to the truth because merrick garland is clearly part of the cover-up. he will not do his job then we have a duty to do it for him and that is over going to do an oversight. steve. maria: eric congressman will watch you work think you're being as we can. >> thank you, maria as always and happy fourth of july to everyone. maria: into happy independence weakened. you never show inflation is cooling but david bahnsen there's a key factor of the economy everybody should be paying more attention too. that is next but nfl greats troy aikman want you to know about your beer this holiday you got this. let's go. gobble gobble. i've seen bigger legs on a turkey!
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maria: welcome back. margaret's closing the month of june on a high note. with the dial saying it's the best month since november. here's a look at where stocks finish the first half of the year. the second quarter comes to an end the nasdaq surge of 30% year to date. the federal reserve key inflation gauge showing the rate of inflation is cooling. now the lowest rate year-over-year since april 2021 rejoined me right now root founder and managing partner david. great to see it. thanks for being here print is present biden takes a victory lap on the economy and despite the cooling inflation you have got some concerns. >> yes, i've been talking for a long time about the idea i did not really like republicans trout to pile on the inflation story. it's inevitably going to go away. even with all the reckless things present biden did with the april 2021 spending bill.
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the fact of the matter is there was never enough embedded economic growth in this economy. we have spent so much money takes away puts downward pressure on production over ti time. i want people who value free enterprise to focus on. we get some part economic growth we've been getting it now for 15 years. maria: you are right. robert kaplan mentioned this on the graham a couple ago even as a federal reserve treasuring in inflation the junkets to nominate on the fiscal side. i'm scared take on where things are going. we had goodyear and socks we have a repeat in the second half of the year? what is it your expectation for the second half as we begin the second of this week on the economy and on markets? text will be very surprised at the way the market goes in the
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second half. have a good second half. what i mean by that is 10 stocks being 85% of the return of the s&p 500. other years you have such a small amount of stocks be such a huge portion of the return. primarily we are tired but a few tech stocks this year's ai obviously. you are 20:07 , 992,021. years that were followed by really challenging years the market. we do not like the whole index. we do not like being dependent on expensive big technology stocks. but we do think there's great opportunity out there and its dividend growth investors who want to find those companies that can grow their dividends through what may end up being a mild recession. >> i love the idea like dividend payers. that gives you consistent grow
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growth. we have seen the success there. what to do with technology? look at some these names met up 100 plus% pre-microsoft up 40% year to date. apple hit a three chewing dollar valuation on friday. what's he want to do if you've got all these outsized gains in your portfolio intact? hold them or sell them? but she went to be grateful they did not raise your capitol gains taxes for one thing. if you do need to sell the spry going to be capitol gain taxes now that's never a reason to hold a stock avoiding taxation. went to trim gains in all of those all are great companies they do have anything negative to say about the business for the stock price on the business are two different things and prints are the most important things in investor could ever learn. a stock price can be disconnected from the reality of the business even when the reality of a business is very good. that is why you see these things going. they are overpriced, maria.
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maria: real quick on the economy, david. about two weeks will start getting the second quarter earnings releases j.p. morgan will kick us off on july 14 i believe. what everybody or from earnings and how does that fit with the narrative you are expecting a mild recession? too definitely start up the second quarter with significant bank failures affect continuing to raise rates and banks having such a struggle. look at their earnings in a week or so. i think people will be very surprised out the big banks are. interesting quarter for earnings. they underperforming companies and over perform. it's going to florida stock pickers to market the index market and very competent in that. price for the best dividend payers and dividend growers?
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>> again what had attracted dividend you want to be growing over time. get a 7% yield for companies that is very consistent cash flows. i mention j.p. morgan already growing dividend. and then you want to look at what has been hit so far this year. where has there been some distress? walgreens is a distressed company they have a lot of work to their up near 7% dividend yield per they've grown for over 50 years and they have never earnings to so cover it, even during this tough time. great info, david thank you. >> thanks so much happy fourth of july. >> legendary nfl quarterback and hall of famer troy aikman sounding off on beer makers ahead of the fourth of july holiday. >> there are a lot of beer brands out there trying to cash in on a holiday by slapping an american flag on the package.
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guard listen whether or not they are truly americans. maria: troy aikman is here with the message to america beer drinkers. he is coming up next ♪ tourists tourists that turn into scientists. tourist taking photos that are analyzed by ai. so researchers can help life underwater flourish. ♪ daughter: dad! they took over my bedroom! come on, come on! ok, dad. one... two... three! (both screaming)
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once i got the call it like it is for there are a lot of beer brands out there try to cash in on the holiday by slapping an american flag on the package. regardless of whether or not they are truly american spirits of this july 4, drink american. any other american beer grandpa. >> c4 nfl hall of famer troy aikman slamming masquerading as american when in fact they are not truly american. troy aikman cofounder of zone beer brand and he joins me right
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now. troy comes good to have this week and thanks much for being here. >> thank you. but see saint many brands are cashing in on this american pride this fourth of july weekend. what brands they referring to? snow in specifically think big beer brands in general, this over a thousand breweries in the united states most are craft beer. there's not many in a premium light beer category. that are american owned. i just felt that because we are texas-based we are american brood that while we celebrate the birth of this great nation, what better time to drink american then on independence day but that's basically the message that was put out. maria: i love it. i love the fact you are based in texas and you are all american there is another side to your brand it is healthier than others, right? >> it truly is better for you
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beer. that is why i made it. i worked for a distributor stepped in college. always like to beer but i am very mindful of what i put in my body. i felt that beer could be made that was better than what was on the markets. it took two years to club with the recipe. we have 90 calories which those unmentionables are important to me. they are important to a lot of people. what differentiates from everything else on the market we have no adjuncts. which means we had no corn, ri rice, syrup or sugar so our beards one 100% organic. we use antioxidant hobbs. he is the cleanest beer on the market. for those like myself are not mindful what they put in their bodies after long week four and they want to be able to indulge a few beers at their able to do that or feel that about. sucks i'm going to be trying this weekend for sure.
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a lot of news about beer recently, bud light and mulvaney having a war of words over set sales tumbling. there at a new weekly low the anheuser-busch was ceo and loveseat reaction, watch for. >> knowing what you know now you go back to back would you one person again? what is the biggest social conversation taking place right now big ribs are right in the middle of it. for us, what we need to understand is deeply understand and appreciate the consumer. and what they want too. what they care about. what they expect from big bran brands. effects for a company to hire a trans person in the not publicly stand by them is worse than my opinion did not hiring a trans person at all. because it gives customers customers to be transferred big. maria: when you give of this
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controversy over this issue? >> i think is a lot of companies that are focused on things besides just their product. and trying to be all things to all people. i think that is what we are unwavering in our commitment to authenticity. it really focus on what we do. and that is make a great beer. i think budweiser getting away from that is why they found themselves in the middle of this controversy. but for us, i think there are some people out there who are looking to land on the beer that is authentic and focused on making a great product and if that is you, and come join our team would love to have you. >> i totally agree for a lot of these companies want to be in the middle of the social conversations it is alienating people. boy, i've got to get your take on nfl season as well. quickly with that aaron rodgers,
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with the jets. we got no tom brady. what i think the ball and abilities looks like? >> i think is going to be fantastic. and all centers around a lot of these great quarterbacks we see. a lot of those players are in the afc and with aaron rodgers going to the new york jets. i'm excited about our monday night schedule at espn. we open up with two teams that are going to be contending and many think could possibly be in the super bowl represent the afc with the buffalo the new york jets. every year the nfl there is a lot of excitement. this year will certainly be no different. maria: troy, let me ask to be very health conscious you obvious or incredible athletes you make your beer and a healthy way. what is your diet do drink a lot of water? what are you doing to keep so healthy all the time and so strong? >> well, how much time do we have? maria: we have a lot of time. >> i drink a lot of water.
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i drink about a gallon or gallon half of water a day. i do a lot of other things let a of bio hacking i do red light therapy be i do cold plunge, sonos, eight whole foods, intermittent fasting. i workout daily. maria it's a lot. take several hours to get out the door that everything i have going on in my morning routine. >> it's about discipline, try absolutely. thank you for the tips by the way. it's great to see you this weekend i'm sending you best wishes for a healthy and safe fourth of july and cute troy [ applause ] the day you get your clearchoice dental implants changes your struggle with missing teeth forever. it changes how you eat, how you feel, and how you enjoy life. it changes your smile and how others smile at you. clearchoice network doctors have changed over 100,000 lives with dental implants, and they can change yours, too. because a clearchoice day changes every day.
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(sfx: thunder and rain) ♪ you've been so kind and generous ♪ ♪ i don't know how you keep on giving ♪ ♪ for your kindness i'm in debt to you ♪ ♪ for your selflessness my admiration ♪ ♪ for everything you've done ♪ ♪ you know i'm bound ♪ ♪ i'm bound to thank you for it ♪ ♪ la la la la la la la ♪ ♪ la la la la ♪ ♪oh, i want to thank you show my gratitude♪ ♪ my love, and my respect for you ♪
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♪ i want to thank you ♪ ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ texans and anti- nuts or slow for. >> are people and cuts affect their progress and to go with this effort and i lost my luggage frequency flights were canceled from here to charleston and all of the east coast apparently. maria: one thing you need to know about ahead of next week
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the travel nightmare could get even worse. severe weather and wildfire hayes has the thousands of passengers across the country scrambling to book new flights and overnight hotel stays. and add this to the turmoil, the 5g rollout for major telecom companies is this weekend. planes that have not systems to combat 5g interference may be grounded causing even more delays. there is also a potential southwest pilot strike ahead, also. of course all this is happening as aaa is predicting record-breaking weekend for holiday travel. expecting over 50 million americans to spend fourth of july away from home. we hope that wherever you are celebrate this holiday you have a great and safe fourth of july. happy independence weekend everybody. i will see you again next time. ♪ boxed barron's roundtable sponsored by global x.

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