when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh from the fox studios in new york city, this is maria bartiromo

wall street. maria: welcome to the program that analyzes the week that was in helps position you for the week ahead. i am jackie. here for maria bartiromo. anna president moment in our nations history. president trump turning himself in in fulton county on thursday. he spoke to fox about the " uncomfortable experience". >> a travesty of justice. i did nothing wrong and everybody knows it. that goes for the other ones, too. what they are doing is election interference. they are trying to interfere with a an election. there is never been anything like it before. jackie: trump making a dramatic return to x to post his own mug shot. his campaign is now using it on t-shirts and mugs for fundraising. this is coming as the dust settles around the first gop

debate. lasting -- who if anyone gained traction against the front runner donald trump. >> i have had enough already tonight of a guy who sounds like chat gigabyte t. we need education in this country, not indoctrination. >> this is white margaret thatcher said as command, if you want something done ask a woman. >> we just need a government as good as our people. jackie: here to wait in kellyanne conway and former house speaker new gingrich. thank you very much for both being here. let me start with you, kelly and . a two-tiered system of justice. those same people are using the justice system to forcefully remove donald trump from the next election. obviously, that is not something

he is willing to do at this point. the question is a democrat strategy backfiring. >> well, it may, jackie. thank you for having me on, especially with speaker gingrich this is a 53-year-old man who was on this never ending take your child to work day charade with his parents. not only do we know what 13 countries he flew to an air force to with his father as vice president, but now he seems to be living in the white house, traveling around with his mother and father, all while facing gun charges and tax evasion charges. all three types of counsel for rich people have received punishment and in some cases jail time. when people see the plea deal failed apart and he is still being investigated.

as for president trump, this two-tiered justice system is something i hear about all the time from voters. they feel it is a dangerous precedent and they also feel that the democrats don't know how to beat him fairly and squarely. we saw eight men and women who would like to be president instead. let's see if the polls move even the presidents for indictments and the fact that they have the place themselves. if the polls do not move much you will see he is still strong in the republican party. jackie: newt gingrich, i want to get to you. you spent many years in politics you know the system well. is this signifying there is a breakdown in our country? >> it is great to be with kelly and who i admire and think is one of the best pollsters in either party. i am always interested in what she has to say. we always underestimate how big the crisis is. i'm starting a series in the american spectator in september.

this is much bigger than joe biden or hunter biden. it goes back to at least bill clinton and l -- al gore appeared compare chicago crime to delaware crime and you have an idea of hilary versus joe. frankly, barack obama is the key to having corrupted the entire system. we are in a genuine crisis of what kind of america we will be. what you saw yesterday was not the rule of law. it was the rule of power. exactly what the nicaragua dictator is doing right now to a catholic bishop. what the chinese have done to a catholic cardinal. what putin has done to a political opponent. this is, this has nothing to do with justice. this is a district attorney who is corrupt, partisan and i believe totally breaking the law

and the constitution. jackie: you mentioned the debates as well. any standout players in your view? it was fiery, they went after each other. of course, donald trump was not there. anybody really stand out as a competitor? >> sure appeared every single one of them in every single pole key is beating them. training on governor ron desantis who went in there and the number two spot. he did not do himself much harm. he had some really good moments, actually. on some of ramaswamy positions. he truly is an outsider. truly successful businessman who can attack the system by not being in it. i thought nikki haley dated well

california, illinois, colorado, new york in another state all have abortion at 39 weeks. if you are at 15 weeks and babies are being born in surviving at 21 weeks you are in a good place to smoke out the democrats extremism. i was proud to be a republican because i feel like it was a substantive conversation. not just personalities, but principles and policies. it exposed and laid bare the failed presidency and the failed man that was joe biden. the democrats do not talk about her. republicans do not talk about her. kamala harris. she is explicit and what is a failed presidency. eight able people to be president. donald trump is a front runner. george bush cleared the field. we have not had somebody so dominant in the polls. we will see what happens. >> you bring up a great point.

very authentic in standing up for donald trump as well. he has an outsider. certainly, he can understand something new. you both mentioned to hunter biden. new information this week showing biden travel to at least 13 countries on air force to joining then vice president joe biden on official trips. we have e-mails from hunters laptop that in 2010 he could catch a ride to serbia with his dad. the gop could launch an impeachment inquiry into president biden as early as next month. what will it take for that inquiry to get going? >> well, i think that the house has to vote that they are willing to set up the inquiry. speaker mccarthy is exactly right. frankly, i do not get the elite medias avoidance of reality here hunter biden was the bagman for

the biden family group who basically is sort of the sopranos without the murderers. the fact is the biden's have been out there taking money and they thought that they were clever. they thought they would never be caught. i cannot even believe hard-core democrats believe that people in china, russia, ukraine, cognex on, romania, if his name had been hunter smith, he would not have gotten a penny. this guy is a drug addict. he cannot perform. he does not have technical knowledge. he is a fixer. he gets his dad to do it. i think it will become obvious. just remember, this is the smallest of the three scandals. the hilary clinton scandal is bigger in the obama scandal is the biggest of all.

these three have corrupted the american system on a scale that i would've thought impossible 20 years ago. >> kellyanne conway, newt gingrich, thank you both for being here. excellent insight. jackie: u.s. treasury rates are hot. famed investor larry mcdonald on where we go from here and what to expect from the feds fight tu tame inflation coming up.y ♪a just by switching. ooooh, let me put a reminder on my phone. on the top of the pile! oh. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ pano ai chooses t-mobile for business for 5g solutions... ...because t-mobile helps pano ai innovate, so they can stop the spread of wildfires. now's the time to see what america's largest 5g network can do for your business.

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>> we are prepared to raise rates further if appropriate until we are confident that inflation is moving sustainably down towards our jet give. >> the bear traps report founder larry mcdonald joins me now. you look at the bond market right now and it is forecasting a recession even if investors are not. where do we stand? >> think about three of the largest six banks in the united states of america are down about 40% from the high. in the case of city down almost 44%. as interest rates have been pushed up by the fed they are draining liquidity from the system, pulling money out of the regional banks and they are creating a lot of stress. at the same time, gas prices are up almost 40%. it is classic classic stagflation coming back at us again.

>> in the same breath you can talk about the housing market and see that the 30 year interest rate now well over 7%. that will have to have an impact on homebuying as well. that market in a position to stall at the moment. you take these circumstances and put them together. and a lot of heavy lifting to do to keep this market up. what is your view right now? >> we have our 21 systemic risk indicators. they are rising pretty sharply. one of the things that we saw this week is very unusual. on thursday the nasdaq opened up 1%. and then finished down to. 3% reversal. pretty rare. you go back 20 years. that type of action only appears that market lows and typically at market highs. the beast in the market, if your

a portfolio manager and you are up five or 10% on the year and all the sudden you are flat and then 5%, that juicy 5% t-bill is looking at you in the morning, it is a lot easier for that person to go to cash now. in the last 40 years that is not been the case, typically. you know, that t-bill is right there pulling money out of the stock market. >> something we will have to keep a close eye on. getting through the holiday weekend and seeing how people are positioning through, you know, the last bit of the year, the last quarter of the year. larry, let's talk about government shutdown. you keep kicking the can down the road. what do you think the conversation will do to the markets? >> doing the republicans a favor they have a weapon that they can

use. it is pretty clear the base of the republican party. especially at the freedom caucus the reason it is up this year is because of that 10% additional spending from the government. we are spending 10% more this year than we did last year. now, the market will have to start pricing in not a fiscal cliff, but definitely a pullback in government spending. the republicans will get a deal with the democrats after probably a shutdown and then you have a contraction in fiscal spending. that is what is really kind of creating this overhang on stocks that is starting to appear over the last month. >> always great to see you. thank you so much. >> thank you, jackie. jackie: the launch of a new tech platform could have you ordering food in essentials right from the gas pump. robert irvine is backing the initiative and he joins me next. ♪

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jackie: pain at the pump is making a summer come back. four dollars per gallon ahead of labor day weekend. prices don't always mean more money in the pockets of gas station owners that actually make the majority of their profits from in-store sales. that is where the launch of a new tech platform comes into revolutionize your next rest stop experience. they plan to have customers purchasing their favorite convenience store goods right on the pump which could have a major impact on pitstop revenues robert irvine joins me now. thank you so much for being here tell us more about the system and how automation can change

the game for fueling this industry. i imagine while you are filling up, maybe they feel they don't have time. now it will seemed like a seamless process. >> it is really easy. just like restaurants you can order your hamburger, your hotdog, your sausage, your chips , your coffee, your tea right at the pump. by the time you put your number into the pump itself you will get a text saying your food is ready, your coffee is ready, you walk in, pick it up and you walk out. i think this is the future. automation is the future. we look at the restaurant industry, any other industry, you see this technology more and more. our customers instant gratification and this gives just that. it also helps the individual person or the owner of the gas station make more money and retail.

we don't make that much money on gas, it is all on the retail sales. >> how long does it take to roll something like this out? when can i look forward to actually doing this at the pump? >> you can already see it. they have already started this out. i think you will see more and more as the year comes through. it will really change the dynamics of labor. it will change the dynamics of making revenue at the pump and giving a seamless experience to the customer. at the end of the day if you think where we are right now, we pump the gas, we walk in, we wait for our food, it is discombobulated. if you go to a restaurant or airport you can do these types of things. glass by the wine it comes quicker. friendly. it is simple.

by the way, here is the good thing. retail is increased by at least 50% on the spent side. imagine ordering a hamburger and french fries and pickles and a soda. it does it all for you. it is faster. jackie: helps the customer, helps the business side as well. that's the way you want the relationship to be. you also mentioned labor. the food industry, obviously has struggled over the course of the last three years. two popular restaurants forced to close their doors on friday. the red barry hotel is converted into a migrant shelter. restaurants across the country are still wrestling with these labor shortages, down over 4% since the pandemic and the rising cost from everything from their utility bills, payrolls even their ingredients, food, et cetera. what can they do to help recovery efforts? >> i think we have to look at

value added product. down 4.2%. one of the things that kind of exasperated that was covid. i can tell you myself i am paying $27 an hour for a cook that cannot really cook. so, you know, we look at value added solutions instead of producing food, food that is already produced sufi style. eggs, cream, milk, butter, sugar , putting a lot of food business, restaurants, out of business. that is where technology and value added product comes in. it helps a labor shortage. the fueling stations have really got it right. we are not replacing people. we are moving the labor to be more efficient.

>> that is fantastic. my thanks to you for being here. this is something we will watch for closely. i have one important thing you need to know ahead of next week. ♪ my relationship with my credit cards wasn't good. i got into debt in college, and no matter how much i paid, it followed me everywhere. the high interest... i felt trapped. debt! debt! debt! debt! so i broke up with my credit card debt and consolidated it into a low rate personal loan from sofi. i finally feel like a grown-up. records

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♪ jackie: welcome back. one thing you need to know ahead of next week. summer is ending and school is back along with student loan payments. interest will start accruing

next friday after an over three year hiatus. not all borrowers will be paying their full share. people eligible for the new save plan will have their payments capped at 5% of their monthly income. under the plan any interest not covered in those payments is eliminated. we will be following this on mornings with maria on fox business. maria will be back at 10:00 a.m. on the fox news channel for sunday mornings futures. exclusive interviews with nikki haley. house foreign affairs committee chairman and irs whistle blower. that will do it for us. thank you for watching. we will see you next time. ♪ >> barron's roundtable sponsored by global x ets. ♪