dagen: they pick and choose which walls they want to enforce in the protect their own and then they leave everybody else out to dry or die. sean: when you get into a country that's one thing but then they pay your travel, your phone, your food, your lodgings. that is a real expense on top of the humanitarian crisis that you mention. the cost around liberal pain free illegals will who come into the country and now taxpayers. dagen: i am touching you because we have to go. what about me. monday. >> from the fox studios in new york city. this is "maria bartiromo wall street". >> happy weekend to all, welcome to the program that analyzes the week that was in position to for the week ahead. i am maria bartiromo, thank you so much for joining us. a fiery week on capitol hill to

irs whistleblowers exposing more corruption surrounding the investigation into the biden family influence peddling and they expose $17 million worth of payments to the biden's for no apparent work accusing the department of justice of interfering with the hunter biden investigation, watch. >> there was investigating steps you were not allowed to take that would lead to president biden. >> there were references will to the father of subject to president biden there now allow to follow up on hunter biden's apple backup where he suggested he was sitting next to his father. >> was closely hamstrung, limited and marginalized by d.o.j. officials as well and so the u.s. attorneys. maria: all of this and unclassified fbi document

details stunning allegations president biden innocent hunter biden were involved in a multimillion dollar international bribery scheme. join us from the oversight committee congressman andy biggs. it's great to see you this weekend. thank you for being here. whatever you learned about the biden family influence peddling. what if they have been doing and has this been going on while biden was vice president? >> this was going on in the selling of access to joe biden and the most damaging thing in the ft 1023 is a quid pro quo allegation the 5 million went to hunter and 5 million went to joe biden who is vice president to stop investigation into the ukrainian energy company called burisma in which hunter biden was on the board of directors. that's 10 million record that

doesn't include 17 million romania and other sources. you have a significant amount of money and going through multiple accounts, the whistleblowers shapley and ziglar testified there were 20 llcs being used for shell corporations and we've seen records from many banks and suspicious activity reports from dozens of banks. this is going on go forget how maltese things set up for hunter biden to use the transactions. this is a broad scope. is not overly complex when you get an appeal back what made it difficult that the d.o.j. and the u.s. attorneys who prevented the investigators from actually doing their job. at the same time knowing in referring to the big guy as dad

or joe biden they knew it led into joe biden and yet they slow walk to and that's why they slow walk. maria: we also had evidence. they said they recommended that there would be felony charges against hunter biden but they were stopped from pursuing a. >> that's right mr. zigler rhoda 99 page prosecution recommendation and it was agreed to by line attorneys even supposedly reported by david weiss who is the delaware u.s. attorney and it was stopped by headquarters in d.c. and they also slow walked it to toll the statute of limitations on several of the biggest felonies 14 and 15 which is the time the joe biden was vice president. maria: let me get your take on what decisions joe made as vice president to justify him pocketing all this cash. i got details here of a

memorandum of understanding that he signed beckett woody 302014 where he allowed all the company's exchange of the u.s. and not follow u.s. accounting rules. was that a decision he was paid for? what about the decision when he walked into the white house to cancel the china initiative, was that a decision he was paid for? we are continuing to look at that and believe that the case then we have to ask a question is joe biden as president copper mice especially vis-à-vis china and ukraine paid those other countries we have not brought forward yet. maria: this is so dangerous knowing that china has a plan to overtake the united states is over one superpower. whatever they have on joe biden is allowing them to move forward. there was a heated hearing on tax censorship and free speech

leading to a clash of congressman on thursday presidential candidate rfk junior slamming the democrats for attempting to silence him. let's watch that. >> watch the time for all the witnesses. >> if you want to cut him off and center him somewhere you're welcome to do it. >> that's not my job. >> i know many of the people that wrote this letter. i don't believe there is a single person who signed this letter who believes i'm anti-synthetic. he met mr. chairman i would like ten seconds back. >> you are slandering me. >> time to launch. >> our government centers its critics as license for every atrocity. maria: house judiciary jim jordan says he is expanding his big tech investigation to include metas twitter competitor threads he is asking mark zuckerberg to hand over documents by the end of the month. tell me about the censorship in your colleagues on the left response to that hearing.

>> the open of the hearing with the letter to try to prevent mrg and they tried to censor him throughout and they slandered him and used defamation. the reality is they did not like what he had to hear. i am pleased to say i have some of my democrat colleagues in the judiciary committee that are helping us try to mitigate against some of the censorship but i the democrats performance was absolutely outrageous. i was disgusted by it. i think it should be a warning to every american if the government can censor the critics it can engage in authoritarian practices and abuses power and try to take away other rights that citizens have and i think that's what we seen as a spinning collusion with some of the media with our

police apparatus at the federal level to suppress information and dockets back into the hunter biden laptop as well. i was disturbed up to what i saw in that hearing. maria: we will keep a spotlight on it, you know that we appreciate you. thank you. congressman andy biggs joining a second-quarter earnings off to a strong start have a second-quarter earnings eases season is impacting markets what to expect from a major week the rate decision, technology earnings, a lot happening all talk with them they estimate markley sheeny on the other side of the spring. stay with us into a low-rate personal loan from sofi. ditch credit card fees and high interest. borrow up to $100k. sofi. get your money right.

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you got this. let's go. gobble gobble. i've seen bigger legs on a turkey! rude. who are you? i'm an investor in a fund that helps advance innovative sports tech like this smart fitness mirror. i'm also mr. leg day...1989! anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. i go through a lot of pants. before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. maria: welcome back here's where markets ended in the week as strong week for the dow industrials getting a boost from second-quarter earnings releases but technology dragged on the nasdaq to disappointment within tech as investors anxiously await another rate decision from

the federal reserve next week tuesday and wednesday is a meeting we are expecting another hike, joining me now chief investment strategist mark luschini. great to have you. >> thank you maria, glad to be here. let's get ahead of next week the whole host of earnings and before i detail the numbers within tech let's talk about the fed what kind of impact had ten rate hikes had on the economy questioning. >> is been quite surprising to how the economy has been to both not only the rate hikes but as well from the banking sector and credit conditions have tightened severely and you would expect the consequences to certainly have more gravitational pull on economic activity in right now it has gdp tracker 2.4% annualized growth coming out of the second quarter of this year that a surprisingly good. i expect them to hike once again

next week certainly but it appears even at a potentially 5.5% fed funds rate that they've only been tightened into territory that with the work demanded the economic advance for three or four months at this juncture giving a higher neutral rate that was originally anticipated i don't suggest it means they need to do more work in raising interest rates then it reaffirms the notion that they're going to stay high for longer. maria: do you expect a recession mark? >> it is on the horizon we came and they get a second half of this year maybe third possibly into the fourth quarter the labor market gives us reason to believe it's more likely not postpone into 2024 and on what we've seen so far, we would not

be surprised to see you in the second half of 2024. is on the horizon but is not necessarily immanent for those reasons we believe investors should stay positive on the aspects of returns that they could generate from the equity market at least for the time. of the window for risk assets remains open over the balance of this year. >> what we heard so far in the second-quarter earnings release we have a major group of technology names next week reporting earnings for the quarterly reports and these stocks are up huge which is leading this market year to date but you have company like microsoft coming out next week, amazon, intel all reporting numbers, are they setting us up for disappointment after all these gains that we sell year to date meta in the triple digits year to date. >> i think is a reared risk we see not earning expectations to

down 7% year-to-year and the executive quarter declines like the pattern we saw after q1 results so far beats coming in pretty handsomely and at the same time the company you mentioned particularly in the technology and services a discretionary sector of the tech related companies are traded at evaluations that will only support strong f out right perfect news and if they can report results by any measure will be outstanding could disappoint an investor in terms of expectation at this juncture in obviously their prominence in the markets and s&p 500 by waiting put some pressure on the tape and started to come along with other sectors and materials in real estate investment trust in the leadership role over a

month and a half and two months. th big tech because of getting rebalance with the nasdaq index. let me wrap it up you allocate capital, you said that how do you want to be invested toward year end? >> we believe those more tactical in nature that this rotation valued oriented sees to allocate capital in shifting the leadership in the first half into that which was loggers in the second half include industrials and materials and financials and energy starting at this juncture, healthcare would be another, we would not urge significant caution at this point in the tape might not be subjected little bit of pressure but for them to stay invested until we get more prospects on a

recession is likely to be more imminent in what we forecast at this juncture in bond yields remain exceedingly attractive, investors who put the longest time were starred for yield plenty in the fixed income as well as a way to provide cash flow to overall balance per folios. maria: we will leave it there, great to get your insight, thank you so much. coming up a beloved baby retail giant makes a comeback. how does a plan to compete with other big-box stores, babies "r" us owner yehuda shmidman joined me next. we never just see the numbers, we see the people. when i first started the company i was excited to empower people of all abilities. you've made something that people find invaluable. it fuels you to keep making a better impact with your business. i don't have to think about the pathway to the ocean,

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maria: welcome back, babies "r" us is back in business. a dozen major retailers are closing, 2000 locations this

year traditional brick-and-mortar stores may not be gone for good babies "r" us opening a flagship store at the american dream megamall and east weatherford new jersey this is happening this week after going after business in 2018 all of this as moody's is predicting retail debt defaults will rise to 8.6% this year that is up from the 6% joy to be the owner of babies "r" us and w hp global cpl yehuda shmidman. it is great to have you, congratulations on babies "r" us we want to hear what's behind this recovery. >> thank you for having me this is an exciting moment for babies "r" us we are back in a mega way and a megamall of american dream, for context is important to think about how admission number one after buying toys "r" us in babies "r" us is to bring back toys "r" us so we open flagship in the megamall of american dream and we rolled out nationally inside every single macy's that we operate toys "r"

us in 452 locations, today we are on step two babies "r" us and were doing the exact same strategy and we started with an awesome 10000 square-foot flagship inside of american dream babies "r" us we are open for business and will follow that with a national rollout. maria: i think this is so great and happening in the middle of the worry of commercial real estate you are not worried about the 10000 square-foot or potential default raising and pressure into credit tightening underway. >> i think for context there are 4 million babies born everything you year in the united states. the baby business is widely conss going on in terms of macro pressures the reality, parents take care of their kids parents take care of their pets when it comes to the baby business were not thinking about whether sales are up or

down on any particular month we are to get about the long game. maria: the long game is the way our viewers think about it as well. tell me what has changed for you and we know when they went under the company was lightning pandemic and do struggles, have things changed on the demand level. >> a lot has changed i wouldn't say on the demand level but i would say the business model has changed and this is very important pretty for think of toys "r" us and babies "r" us founded by a genius charles lazarus goes back 70 years the heritage of toys "r" us and babies "r" us founded as a brand and when toys "r" us and babies "r" us went away people cried now as it's come back people are crying again i business model, d days when i grew up toys "r" us and babies "r" u the size of wht

we're showcasing today. the reason is e-commerce. when you think about today's execution of babies "r" us it is a modern 2023 version of the business model we have much more experiential elements to our store today is a smaller format store highly trained staff and also some areas where you try things out and you have a stroller track we can take out a stroller and give it a whirl on different services and cement and steps, that did not exist when we were growing up. the business model has changed and changed dramatically but the brand is the same. that is what were all about as owners of the business we want to lean in all the way to the brand dna but we want to deliver an execution that makes sense for 2023 and the omni-channel format. maria: you say you can have a similar rollout for babies "r"

us when you did with the rollout of toys "r" us in terms of our partnership rollout. the toys "r" us rollout has been extraordinary success, we started with a flagship in the case of toys "r" us at 20000 square-foot at the megamall of american dream and is a one-of-a-kind we believe it will be the number one ball and then we have this quick execution of opening 452 toys "r" us stores inside of every school macy's operates today to this very day and that has been checkmark's all-around, babies "r" us is the same idea with got this flagship to replicate the toys "r" us strategy and we have not announced which retailer we will be working with but you should

expect us to come out with the reveal of where we will be rolling out babies "r" us across america. maria: the big reveal is coming, thank you very much, congratulations to you. >> thank you i appreciate you having beyond. maria: yehuda shmidman joining us read one important thing you need to know about it is a biggie of a week, stay with us. (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,

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maria: welcome back one thing you need to know ahead of next week ups and teamsters heading back to the negotiation table according to the tweet the shipping franchise is reporting a better deal in avoiding a strike on august 1 which have

applications for theay 7:00 p.md i'll be joined by sean o'brien right here on wall street i'll see you on fox news channel the sunday 10:00 a.m. eastern "sunday morning futures" is live exclusive interviews with former president donald trump, house judiciary jim jordan in 2024 presidential candidate robert f kennedy right here on "sunday morning futures" on fox news at 10:00 a.m. on sunday that will do it on fox business. thank you for being with us have a great rest of the weekend and i will see you next time. >> "barron's roundtable" sponsored by global exit etf's. >> welcome to "barron's roundtable" where we get behind the headlines and pryo