tv Maria Bartiromos Wall Street FOX Business September 15, 2024 10:00am-10:30am EDT
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companies with patients at a provided at great business to do it very well the rates coming out of there going to be over the patient's and more homes built that will be great news for a builders source and if pulled back, he does appear and periodically now the sink is getting ready to print going once again. jack: if you don't like the price you pay maybe make a little bit of money but fix the troubles and thank you guys, two more check out this weekend edition of parents are, that's all for us we will see you next week on barron's roundtable. >> from the fox studios in new york city business maria bartiromo wall street. maria: but with the program that analyzes the week that wasn't helps position you for the weekend, i am cheryl in for maria bartiromo and americans
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are facing massive tax hikes and vice president kamala harris wins the white house in november, endlessly trump era tax cuts expire nonpartisan tax foundation and others are warning is in the committee this week, that the move would be pitch below to middle class americans. >> 62 percent of households will face a tax hike if it allowed to expire and this is not something the folks are going to be able to ignore. >> we just had our members asking them, will they do taxes increase in 2026, and about 66 percent said that they would increase prices which you can imagine will be problematic with the current environment inflationary. cheryl: the pledge that if elected he would not only keep his 2017 tax cuts, because the taxes on tips social security benefits recently he announced he would cut taxes by the way for overtime pay. trump: the people who work overtime are among the hardest
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working citizens in our country and for too long, no one in washington is been looking out for them and so that is why we will be saying that if you are an overtime worker, when you are past 40 hours a week, think about. you overtime hours will be tax-free. cheryl: but there slamming his proposals. >> it is always, the same trump playbook. donald trump talks out of chicken feet, to the working people. in the ultra- wealthy kim pocket huge gobs of cash the only proposal to close the gap is attacks on nearly all consumer goods. sweetie when you now coming senate budget committee member come up for the senator, rick scott and senator this way to he you program and i want to add tt the tax foundation also the look at kamala harris proposal said that her proposals would vaporize nearly 800,000 full-time equivalent jobs and
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your reaction. rick: of course but here's the deal of trump gets elected, he has a track record and he cut taxes. and if kamala harris wins, you will do, she is always voted for tax increase. think about this right now, trump is offering you know a tax break for the tips in a tax break for overtime and social security and a lot of things but what you know, the taxes will go down under trump and they will go up under harrison will go up a lot in the trump tax cuts expire in the next year and kamala harris said she would not extend them and so under biden, listening 40 percent more than we taken in revenue so if this continues, then impressive just going to well all they can do is say well here's another tax and another tax and another feet and it will kill this economy and is already struck in the economy we lost a million full-time jobs last year were only a part-time jobs and if you were in this country, you are losing jobs and
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so this is already about economy, but they will exasperate this economy. cheryl: sitting on $35.3 trillion in debt and interest payments are over a trillion dollars senator and so house speaker mike johnson this week said it will be government funding bill containing the safe act proof of citizenship to in this happened after a growing number of republicans about to take that measurement watch. >> the save act and the cr to get this through the process and i am resolved to that. >> we do this is bill will become visible passes in his. >> extreme mega republicans want to shut down the government forcibly asking traditional is to the house impressive no bipartisan way to find the necessary to avoid a donald trump inspired, extreme mega publican shut down. cheryl: so speaker johnson's the house republicans are going to be working on this all weekend we have less than a month obviously into the deadline for
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partial government shut down where does this go from here in particular the senate because that is where the key vote will be in the house could pass another version of that cr winningest to the senate as you know, threats aren't that it will be voted down. rick: it is up to chuck schumer we shut down the government or not this is a simple bill, here's what it says, save act is basically said, to register to vote in this country you have to prove you are a citizen that's basic is over the think they will not pass resolution of that is in it what they say is that they want all of these illegals that they brought in across the border the last three and half years, to vote in the november election that's exactly what they say and i do not know any citizen in this country that thinks it should be delivered by 70 is not a citizen in this country for the rest think the only way to thinking when it's
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out and there's a government shut down, hit is up to chuck schumer come he will be the one to decide whether we shut out the government about how to republican in the senate that wants to shut down the government i don't want to shut down and i don't know any and senator want to shut down the government so i will be up to chuck schumer. cheryl: talk about the events on tuesday night and remember this fiery moment at the debate, with david you're trying to fact check present donald trump watched enough. trump: crimes in this country through the roof we've a new form of crime, called and it is happening at levels nobody thought possible. >> as you know the fbi said that overall violent crimes actually coming out of this country. trump: excuse me they were defrauding statements and it did not include the worst cities. cheryl: there is new data now from the justice department and it was released on thursday, his supports the former presidents words. shows the fbi report is in complete a number of victims of violent crime remained elevated under the biden and harris
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administration higher than hundred trump enough national crime survey takes into account the consumer may not have initially reported that crime committed against them i want to get your reaction to that. rick: crime is up. it was down under trump and is up now is the numbers they just put out my think that it is one out of every 50 americans, in 2023, violent from one and one out of every 50 intent out of everyone that are subject to a property crime. that is staggering. it is significantly under biden because we have an open border enemy he has said that his gangs here, to terrorize this country. we've young women being raped, all of this country and being murdered and impressed do not care, we want to continue to order to be wide open and allow crime and drugs, terrors to come
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across the border thing about this, 76000 people died of fentanyl overdose the democrats care at all of the citizens of this country. one out of every 50 americans in 2023, were subject to violent crime, that is staggering and scary. cheryl: let me ask you before you go, we've learned the new york times poll from earlier in the week, is that immigration is still the number three top voting issue, to americans and you think that tuesday night is actually going to move the needle the general election. rick: absolutely and trump is defined in here's what you going to give trump to secure border, economy and he will get us out of war. and kamala harris is when they had to prove that was different than the record in the record is terrible. borders, she did not do anything to prove that she was secure the border and the inflation, and the economy, she did nothing to show that she has any ability to do anything to improve the
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economy. and this is a three year anniversary of that just the last couple of days, 13 service members killed cabell airport, all right in afghanistan withdrawn she did nothing to say, that will i separate myself because she can't and so this was her opportunity and she felt and trump is defined that he will continue he was when he debate, he's going to win. cheryl: senator rick scott think you for joining me, i appreciate it. rick: by cheryl thank you. cheryl: to reports this week adding fuel to expectations for a fed rate cut next week, but big will they go. former dallas federal reserve goldman sachs vice chairman, did you ever worry we wouldn't get to enjoy this? [jeff laughs maniacally] (inner monologue) seriously, i'm on the green and all i can think about is all the green i'm spending on 3 kids in college. with empower, i get all of my financial questions answered. so i don't have to worry. empower. what's next. the virus that causes shingles is sleeping...
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reserve's highly anticipated meeting next week consumer prices increasing when the lowest level in more than three years. while producer prices came in slightly higher than expected we also saw jobless claims edge up this week. joining up former dallas federal reserve present in golden sachs robert kaplan is going to see robert and you know the future market his expecting this quarter-point rate cut next week but david solomon the ceo of your company goldman sachs, said that he can make the case for a 50 faces enter basis point cut based on the softening jobs market and what you make of those comments from him. robert: if i were in my previous seat at the desk that, i actually would be going into this meeting and advocating for a 50 basis point cut. in the argument is, that at this level of inflation, 2.5, 2.6 percent, the pc inflation,
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we made a lot of progress. i am worried that we see some weakness in the labor market i don't think were headed into a recession but we have a monitor that weakness. and if i could get with a clean sheet of paper i was at the fed rate today would be better positioned at four and one quarter or four and a half in five and a quarter of five and a half and i would be trying to get there over the next several months. i think in a meeting or too late and starting the cutting process and i think that it's manageable but all of those factors would make me want to cut 50, to start this process and make clear in the press conference, the future move this will be more measured in more moderate. cheryl: let me ask you this, the criticism is that the fed is behind the ball here. anything other — because they had another rate cut this week. so is the type of rhetoric or criticism, does that affect decision-making and appearance
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of the federal reserve and you're sitting in a meeting next week. robert: the rhetoric does not affect me but i do believe that we are probably in meeting or so late. and i would want to be inclined to rectify it, but beyond the front foot, particularly since i think that we have room to cut the fed funds rate i would rather front end loader and in particular to give relief to small business has the borough based on the fed funds rate of the borrowers that are very sensitive to it so that's why would advocate that. cheryl: well financials were slammed earlier this week after david solomon said the goldman sachs going to take $400 million hit record revenue as it unloads that consumer credit business in any also warned of a 10 percent drop in trading activity and reduction in private equity investments soon as of the financial sector consumer and about goldman sachs in
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particular that consumer credit business probably not a surprise to most, wall street investors, the two decided to unload a portion of the business, is this a turnaround do you think for goldman is this the moment the company turns around. robert: so, we have taken action over the last year as you said in our consumer business. we are very very optimistic about the future in our global markets business and our asset management business. i think from corner to corner coming will see ups and downs and all of the businesses and training being one of them but i think over the horizon, we are optimistic about the future and optimistic it about the opportunities in these businesses. cheryl: robert kaplan, i always appreciate you joining the program and think you for being here and there's a lot to watch and we will see how the fed does next week and thank you. robert: thank you cheryl. cheryl: baby bust almost one quarter of the millennial's and gen z's are choosing to have
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kids these new survey tells us why a new member of kamala harris team, said that she is hesitant to have children predict very different reason than jason and carolyn downey, a million on it al everybody wants super straight, super white teeth. they want that hollywood white smile. new sensodyne clinical white provides 2 shades whiter teeth and 24/7 sensitivity protection. i think it's a great product. it's going to help a lot of patients. t—mobile's 5g network connects a hundred thousand delta employees so they can make every customer feel like they've arrived
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and now his attention is spent elsewhere. but i'm thinking of her the whole time. that's so much worse. why is that thing in bed with you? this is where it gets the best signal from the cell tower! i've tried everywhere else in the house! there's always a new excuse. well if we got xfinity you wouldn't have to mess around with the connection. therapy's tough, huh? -mmm. it's like a lot about me. [laughs] a home router should never be a home wrecker. oo this is a good book title. cheryl: sky high cost, forcingmt pause having children talking new survey reveals that one millennial's, engines ears are postponing having children because of finances this no surprise when you look at inflation how much it costs to raise a kid in the u.s. estimats that parents can expect to pay over $18000 annually, the residual more in the past year. in here about intimate women's
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for a visiting fellow caroline getting former utah congressman fox news contributor net father, jason chapin and sweetie have you both here and jason, i will start with you, you have kids in your reaction to the survey and this change in thought among the nations generations. jason: yes and it is scary and the rate of decline is precipitous, and elon musk has been out there talking about this in the birth rate in the united states there's something like 823 percent decline use that graphic there 23 percent there's also been a decline since 2007, 23 percent and is because i think that a lot of people understand the financial burden and if they cannot take care of themselves, how will they be able to take care of a family any child in the cost of all of those things from healthcare, the baby food to diapers. life's expensive they cannot get into a home even in an upturn
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with having a tough time with, i think it gives them a lot of hesitation to say that, yes, i want to build this family. that is bad for this country. cheryl: and caroline come of the millennial's, the generation now, that is trying to do what jason is mentioning here in her having children they want to buy a house and the facing a lot of hurdles and you hear from that generation your self about their hesitancy to have kids because of it. caroline: yes they very family oriented the fear all of these financial like you mentioned, when three millennial's are from going having children because they say that it is too expensive and there is truth to that because millennial's only hold 3 percent of our nations household wealth let's compare that to the baby boomers since of the baby boomers with millennial's agent they had almost 25 percent of the nations household wealth and so the other really stacked against this younger generation this is why the republicans proposals for the child tax credit but
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also allowances for families are gaining popularity coming to kind this had to be no lower those burdens for those families. cheryl: and jason, do you think the political class coming from her class, speaking effectively right now to the generation because of some of these folks they will vote in november. so the feeling something like this, do matter and election-year. jason: they do matter but i do not think political leaders and leaders if you will, and family and family values i think a breakup of the family, and the number of single-parent households, there is a lot of social issues out there and certainly social media and this is a generation of immediacy, they want things right now and there is just no building for the future is much as there is the immediacy of what they can get in terms of satisfaction in goods and services and entertainment on their phone
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instantaneously think that coupled with how expensive life is, that's created a formula that has defining birth rate and people very hesitant to pull the trigger and getting married and also having children. cheryl: will the joe biden and kamala harris economy is hitting families are in the climate director said that's what's really keeping her from having kids, it is climate change and carolyn, will you make of this we knew the climate change is important to that generation but to not have children because of it. caroline: young people have understandable excited for this note that this is paranoia and the sphere their children to inherit dystopian health escape and a dying planet they want us to believe that this is a senseless decision but it's actually narcissism disguised as altruism, just look at what the environmental protest have
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looked like lately. is defacing priceless masterpieces and museums and it is forming human chains to block the traffic on busy highways talk about the economic implications. already below the placement rate of century three for civilization coming from a as innovation having the smaller labor force and enemies that were week military and also means that the retirement age is going to have to go up and it's probably going to go up to 70 years old keep it up with these climate alarmists because is pressure on the existing population to pay in support for the pensions and bringing the tax revenue, for the healthcare cost there is nothing expanding ablation site. cheryl: and jason is an price to pay with declining birthrate. jason: yes, and if you look at social security and the trajectory there the number of workers that will be participating to feed the system, it just becomes totally the red used to be sustainable
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but it is . when social security started there were 40 workers for every beneficiary another number is way down. and so the long-term implications for medicare and medicaid and social security and some of these other plans out there, and the mounting debt that we have and we are paying literally just by the hundreds of billions of dollars, to service the extent we have is a terrible formula. cheryl: 35.3 trillion that is the number in their ego jason and also carolyn downey, thank you for being here great discussion we've always been competitive. yeah... one of us always had to be first. first! first! [continue bickering in background] hold on, guys! [car honk] first. today, we're first together. we love you, mom and dad. thank you so much for making it possible. and now you can finally put yourselves first.
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