tv Maria Bartiromos Wall Street FOX Business August 30, 2024 8:30pm-9:00pm EDT
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us. angelique, do you agree with that? is that the number one issue facing education in america, giving parents back that control? i do, yes, i do agree. and then i really hope that, you know, they can have my homeschool for free, like for public schools too. it's that fight for school choice. you can take it up in new jersey and be able to finally to you. what do you think is the number one issue facing schools in america? the same thing he said. i agree with that. empowering them, empowering them. and that is exactly what we've tried to do tonight with this special broadcast. so thank you to each one of you for your time tonight for joining in this really important conversation about the state of education in america. and thanks to all of you at home for watching fox business's special broadcast education in america parents playbook. i'm lydia hu. thank you for joining us from the fox studios in new york city. this is maria bartiromo's wall street. and happy labor day weekend to all. welcome to the program that analyzes the week
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that was and helps position you for the week ahead. i'm maria bartiromo. it is a battleground blitz. the trump and harris campaigns hitting the trail hard in key swing states this week, with a big focus on the economy and how it's impacting hardworking american families over the past four years, kamala and crooked joe biden have presided over an economic reign of terror, committing one financial atrocity after another. i'm going to make america affordable again. in addition to making it great again, we're going to make it affordable again, and that's going to be starting on day one. my vision is for a middle class that is once again the envy of the entire world. it's going to happen. it's going to happen fast. harris is proudly part of the most pro-labor administration in history, unafraid to walk picket lines with workers, demanding better pay and conditions. donald trump and jd vance, they have something a little different in mind. the only thing these guys know about working people is how to take advantage of them. well, we are less than a week away from the first mail in ballots getting sent out to
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voters next friday in north carolina. and then, of course, early voting begins on september 19th in pennsylvania. that's four days before harris and trump are even set to debate on september 10th. and until this thursday, we had yet to see an interview with kamala harris. well first of all, we had to recover as an economy and we have done that. and i'm very proud of the work that we have done that has brought inflation down to less than 3%. the work that we have done to cap the cost of insulin at $35 a month for seniors, we created over 800,000 new manufacturing jobs, bringing business back to america. what we have done to improve the supply chain so we're not relying on foreign governments. day one, it's going to be about one. implementing my plan for what i call an opportunity economy. i've already laid out a number of proposals in that regard. this as new wall street journal poll shows the american dream is feeling more out of reach than ever before. for many voters with a majority admitting that owning a home, raising a family and securing a comfortable retirement now
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seems unlikely even with hard work. joining me now is kansas senator roger marshall. senator, it's good to see you. thanks so much for being here. these polls are quite disturbing that the american dream is further and further out of reach for so many out there. your reaction to this and what policies are needed to take us back? yeah. maria, it sounds like you've been in my town halls all the past two weeks. we've done over 50 town halls, and that's exactly what people are talking about. the american dream is no longer in reach. this american dream of owning a house and raising a family. a big difference between this year and a year ago in these town halls is that people's credit cards are now maxed out, and they can no longer afford that mortgage payment. a mortgage payment has doubled under the under the biden harris administration. what can be done? it's really simple. it's going back to the basics of a of a competitive economy. we need to unleash american energy to start with.
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we need to slash regulations. all these town halls, people tell me they're just drowning in these regulations as well. so roll back regulations and then release american energy. and that's going to help start driving everything else down. energy is an inflation multiplier. yeah. i mean and obviously the wide open border has had incredible implications from crime and safety to jobs. you know, one analyst says there's just too much supply. illegals are getting the jobs and american citizens are not. we've got the august jobs report coming out next week, the first one since we saw the largest downward revision in 15 years on job creation. it showed that 818,000 fewer jobs were added than originally reported over a 12 month period. how did they get that many jobs wrong? gop senators are now demanding answers from the labor department. i know you're leading this charge. you want an investigation into how this happened. what can you tell us? well, obviously, these numbers have been manipulated.
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i think that this is election interference. and again, this theme through my town halls is that americans don't trust the government. and this is but yet another reason they don't trust the secret service. they don't trust the justice department. they don't trust the department of labor in reality, america has lost 1.6 million full time jobs over the past year. there's 2 million people that have not returned to work since covid. this economy is really soft. again, credit cards are maxed out. the price of gasoline and groceries is not coming down. and you really know what's not coming down that people are complaining about is the is the cost of their insurance, the cost of childcare. and then the cost of rent, the cost of a mortgage. those are not coming down this, this and this and their safety and security. those are the one a, the one b issues that i'm hearing from americans. well i mean look again it goes back to policy. $7 trillion in spending on the biden-harris administration's watch have obviously in retrospect, were
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too many dollars chasing too few goods. and now after inflation went to 40 year highs, it's getting harder and harder to rein it in. yeah. so again, what's the solution. we roll back regulations. we said american energy free. we get a budget done in congress. and that's my responsibility. and i own it. right. so our senate budget committee needs to do its job as as well. all those fuel inflation energy fuels and then the government printing dollars. we think that there's $1 trillion sitting out there that joe biden and kamala harris have already authorized that we can grab and stop it from hitting the market. we're not going to see inflation slow down until we get american energy set loose, until we drill, baby drill. and then the federal government start balancing its budget. well, some of your colleagues in the house have told me that they want the save act connected to any continuing resolution that you all do when you come back from recess in september. the save act, of course, is a bill
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that requires a proof of citizenship in order to vote. do you believe that the save act will be attached to a continuing resolution when you alle. do you believe the save act will be attached to continuing resolution when you return to work in september. >> unfortunately i don't election time consequent is, chuck schumer controls that agenda and we don't see how it allows that to happen they want illegal aliens to vote take the hometown of san francisco they allow illegal aliens to vote in local elections we see them in new york city and washington, d.c. and virginia and texas purge their voter rolls there obligated there obligated to people who shouldn't be voting not only is it not going to happen chuck schumer and kamala harris want these illegals voting for them this is why she left 11 million people enter to the border into our country illegally under her watch.
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maria: then the china policy to understand china cyber attack posing a major threat to make and security beijing hackers launch the most aggressive campaign of the u.s. yet aimed at spying on millions of americans, the washington post is even reported that these attacks have hit two major internet providers sense june they believed to be gathering intelligence from governments in military personnel as biden and chinese president xi are set to speak on the phone in the coming weeks i drink government agency appeals around backpackers continue to target u.s. organizations in education, finance healthcare in the defense sector. mike walks from house foreign affairs committee had this morning. watch. >> were under tsunami of cyber attacks from both iran and china, we have to go on offense and demonstrate strength and start imposing consequences, you cannot expect every company in every pipeline to play perfect events against the state actor like chinese intelligent.
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maria: this is getting downright scary relaxants i got to congress six years ago i been saying we've been more concerned about cybersecurity attacks from the ccp along with bio security attacks, congress and walz's fought on by what he's talking about, we need to go on offense. i'm calling on homeland security when it attack like this happens let's have a counterattack i'm tired of watching this happen we should be more concerned about cybersecurity and bio security then how many obsolete votes the ccp has make no mistake about it the cyber attacks are pioneered by the ccp and behind all of this accumulating data so they can use it against you later. maria: that is really disturbing think great to see you we will be watching. maria: senator roger marshal
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maria: welcome back here's where markets ended the month of august after a busy week this week for wall street, technology giant nvidia be expectation but gave disappointing guidance, we have an update on second quarter gdp came in higher-than-expected, 3% and new numbers on the federal reserve key measure of inflation the pce for july next up the august jobs report next week which takes on more importance after the labor department massive previous revisions 818,000 jobs and no longer there joining the bullseye in new do some portfolio manager adam johnson, great to see you. maria: what do you want to do going to year-end in terms of allocating capital. >> on the last optimist standing there's more like that not to like and you hit on some of the points we have gdp growth and
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lower inflation which means we have recut coming and we have earnings and even very solid 9 . maria: let me get your take on the nvidia quarter it was better than expected in stock sells off a preset and comes back was all the way back in the regular session, what is the story on nvidia i know you own the stock. >> i voted for a long time and as you talked about it i sold a little and buy a little bit back here's the story nvidia be on the top and bottom line by 5% they raised guidance and guidance implies growth of 85% and yet for some that was not good enough and that's why the stock sold off, growth was 2 - 3 hundred% and they say only 75 - 80 and must be over, it is not over by nvidia on the dip. maria: when you're successful in a success story nvidia the expectations go higher and higher so there you go. i want to get your take on next
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week's data the bureau of labor statistics as we know they canceled 818,000 jobs that we thought were there, they weren't there. now the upcoming jobs report seems to take on more importance how important is a job number next week. >> i'm going to say something that some may see as unpopular and i don't think it matters. i'll tell you why it is a mess what they did they screwed up the numbers going back for the past year. we know that but the reason it does not matter that chairman powell has told us he's cutting rates he said it is time to change our policy and the time is going to be september. i don't think the jobs data that we're going to see and some would argue that i have this wrong i don't think so because i think interest-rate matter more than the given monthly job number especially since the job number seven wrong chairman powell does it in september and the market like that that's a more important story.
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maria: this is one of the last jobs reports before an election. >> and.there's what really matters while the jobs may not matter for markets it absolutely matters are kamala harris the reason being that thing on wall street called the misery index where you at inflation, cpi in the and employment and if that goes above 7.3 historically since world war ii and cabinets lose right now it's at seven-point to it is right the there. if what we find employment rises and we get a little uptick in inflation that's very bad for the here's campaign. i don't think the job matters for the market but i do think it matters for the here's campaign. maria: these are different campaigns and policy proposals. kamala harris his blaming corporation for inflation and price gouging and president trump is trying to tap into the energy capacity in america these will be different scenarios for business and the economy.
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>> impact that for a moment kamala harris campaign could somehow say supermarkets which of 2% profit margins were lower are somehow gouging that is crazy that someone who's trying to find an opportunity to gather more both in an election year it's like tossing college kids and sandra get it cut your student debt. why don't we try to help people who are late on their mortgages. buying votes meanwhile the trim campaign that plans to lower taxes and lower regulation, increase drilling on federal land for the cheapest oil is in the will unleash the american ingenuity and creativity that i tap into in my fund. very different visions for america the trump here's campaign. maria: the mag seven coming back to life now that they're off of
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the high do you want to own the stocks. >> i do i call them core ingenuity and is a look at the composition of the fund 38 positions in the mag seven plus salesforce in palo alto for customer relationship management software and cybersecurity respectively i think you have to own the group is core ingenuity we can debate whether 3% or 4% or 5% but you have to own them there essential to the economy. maria: anything you want to avoid. >> there are no sectors but i will tell you i was on super microcomputer to wonderful company in the restating earnings and i can't quantify that so i had to cut it and i manage the portfolio one stock at a time i like to think i got them right but that when i got
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wrong whether for manage the top down i manage from the bottom up, one stock at a time. maria: thank you so much, frat brothers getting healed as heroes for defending the u.s. flag from anti-israel riots, will talk about the climate on campus now as he's returning for th ♪ i have type 2 diabetes, but i manage it well. ♪ ♪ jardiance! -it's a little pill with a ♪ ♪ big story to tell. ♪ ♪ i take once-daily jardiance ♪ ♪ at each day's staaart. ♪ ♪ as time went on it was easy to seeee, ♪ ♪ i'm lowering my a1c! ♪ jardiance works twenty-four seven in your body to flush out some sugar. and for adults with type 2 diabetes and known heart disease, jardiance can lower the risk of cardiovascular death, too. serious side effects may include ketoacidosis
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gofundme raised over half a million dollars to throw a party this labor day to celebrate the patriotic group brandon rosenblum held up an israeli flag amidst the chaos and he joined me right now. thank you for your patriotism and congratulations, are you surprised by the support and recognition that you and your fellow fraternity brothers have gotten as a result of this. >> thank you so much for having me on, in my surprise, yeah we started with one or two people at the protest representing our beliefs and what it meant to us and for people to nationally recognize that and donate so much money for the acts that we did is amazing and i think all of us appreciate it in the students it felt small and our beliefs feel a lot more supported and what we believe in. maria: you not to go to the party you say it's too early to celebrate. >> i think there are two parts to the story the first is the
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american side that everyone understands and understands impacts of acts and when everything happened with the incident that american side the patriotic side was instinctual we went and held up the flag together and that's always going to be a part of who we are we are americans but there's a second side of the story, before this was an american event and before the flag came down this is israel palestine situation we were there to represent the jewish people and israel in our support not and unfortunately there is a word going on in people dying in u.s. soldiers within gaza. it's important to hold true to those beliefs and right now i don't think it's a time i celebrate while that is going on. maria: we are praying for all those people, we know students are back to school across america this week and we see anti-israel protest again
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including a massive gathering at cornell this week chant. >> palestine will be free. maria: incredible to watch this what is it like on the unc campus right now. >> first of all is a lot to see and handle and obviously the students have a right to protest is a god-given right. however, the radicalism that iss in these perches there was a protest on campus the other day i got all the protest to see what's on campus and within the speeches let's be the most radical and say the most radical things that's very problematic in the sense where we should be on the space where we can have open dialogue and promoting the sentiments and the destruction of israel and the israeli people and doesn't promote dialogue or any healthy relationship between the student body and the differences in opinions. maria: what you want to see with the leadership at universities if the startup with the fervor
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that we saw a few month ago. >> all i asked for the university is to promote open spaces and dialogue and promote civil discourse and really trying to understand where people are coming from and that your experiences rather than yelling and screaming at each other and thinking that will make any change, the real change is trying to understand our individual experiences and why we have our beliefs rather than promoting radical views that doesn't help anyone. maria: especially since we have diversity views across the universities that's what were looking for a lot of voices. great to have you, thank you so much for all of your work brandon rosenblum joining us. >> thank you for having me i appr your best defense against erosion and cavities is strong enamel. nothing beats it. i recommend pronamel active shield because it actively shields the enamel to defend against erosion and cavities. i think that this product is a gamechanger for my patients. try pronamel mouthwash.
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you need to know ahead of next week are you ready for this nfl season kicks off next thursday with the ravens facing against the defending super bowl champs kansas city chiefs created the cost a bit more to get to the game this year with nfl ticket price is up 9% overall, some fans will have to tack on higher costs another's the detroit lions have the most expensive average ticket in the league the season at $254 while the saints are selling the cheapest on average at $43 we will be following on the sun "mornings with maria" 6 - 9:00 a.m. eastern weekdays on fox business i hope you will join me weekdays right there for "mornings with maria" that will do it for us on fox business. thank you for being with -(theme music playing) -♪ bad boys -♪ whatcha want, whatcha want ♪ ♪ whatcha gonna do ♪ when the sheriff john brown come for you? ♪ -officer: you better stop... -♪ bad boys, bad boys -♪ whatcha gonna do
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