tv Maria Bartiromos Wall Street FOX Business October 6, 2024 10:00am-10:31am EDT
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content is basically almost like a higher priced so that's a revenue growth in the broader auto market has noted started to stabilize but so higher margins, past earnings were and is allowable the s&p 500 see with electric cars or computers with wheels mix is okay elizabeth. elizabeth: wells fargo come to came under major clouds several years ago because his accusing of making up fake customer accounts printed so regulators and punishment for did nasa cap on them which could be lifted in 2024 come is doing okay with caps the signal be doing even better thing comes up. jack: a lot of kinds of the company bit better and thank you great insights as always said that's all for us will see you next wee >> from fox studios in new york city, maria bartiromo wall street. maria: happy weekend to all to
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the program that analyzes the weeks that wasn't held position you for the week ahead and i am maria bartiromo trump and harris are back in the campaign trail with women to election day is the use pieces major crises once come hurdles into the race for the white house pretty and tensions are high the middle east is israel is battling strong retaliation against iran's missile attack this week invited urging our .net to it a facilities but in discussions about oil site all of this is a self is rocked by total devastation from hurricane helene from the trump swimming the current administration to respond. trump: i was in georgia the other day after the flood, there having tremendous problems in particular north carolina can i even get in it's really gotten people are missing and federal government is doing so badly. maria: but president biden visited the disaster zone on thursday and he said that
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everybody is doing just fine watch. >> what is the state need mr. president the storms out, what do they need to what you saw today. biden: all the storm zone, i did not know which storm you were talking about, there getting everything they needed there very happy across the board. maria: and joining me now is house armed services and foreign affairs committee member, florida commitment, cory mills and thank you for being here and thank you for all the work that you do you been boots on the ground once again another disaster literally personally, dropping supplies off my helicopter to the storm damaged areas what can you tell is in terms of what you witnessed. cory: i can tell you maria that everybody is not okay and you still have hundreds her on missing persons list. we have dropped about 20000 plus pounds of supplies in everything from generators to
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nonperishable's, water, diapers, wipes and we been doing med drops her insulin and oxygen in the d-backs what we have out little people who have been trapped and did when the day we get to johnson city was having cardiac arrest issues and so i can tell you the present invited assessment of things could not be farther from the truth and i will also point out that when fighting community city was on point hinder operations going on for months even a 30-mile tfr around the actual disaster area which shut down all aviation assets for the entire four hours in the means critical time to the 96 hour point and if you shop a week later that's on him when you're sitting on critical times at 96 hour point were starting to move in transition from would've been the rescue into body recovery. we not only just an f but thought it to be very very inconsiderate and what he was doing to try to prevent operations from continuing on some of the other federal
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government arrived yesterday and trying to do as well. maria: because he was arriving they had to shut down the malaria and this in the middle of the rescue efforts. cory: that's exactly right, from 12:00 o'clock until 4:00 o'clock patient on the entire area than he had a 30-mile radius tfr for the moved around following him so if you had an emergency metadata, you would then try to call to try to get certain approvals but i will just tell you our team is looking up to be moved out to oak river area just outside and continue to do operations and setting up the starling system to different areas doubly 20 starlike systems in getting more accessibility conductivity to people so they can reach of the families bring a missing persons over them is estimated right now and confirm 1000 — 1200 missing i can take that her death toll is well over 200 out will continue to climb we doing search and rescue missions dropping up teams which were showing video right now on
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and the recovering's of the landslides limited covering bodies but they also listen the fire department and they saw 64 inches of water their bait within 30 minutes, that's how fast the storm and these rivers rise naturally at four physical fatalities recently into it which question the river there were unable to recover the bodies but to put the fire chief in pensacola with your like him he said that likely be uncovered bodies through the end of the year. maria: oh my goodness, how devastating we are all praying for everyone is been victimized by this. was so outrageous this week comes been dhs secretary made his talking into mission telling us that fema is running out of money for hurricane season this is the department secure never $600 million this year to provide shelter and aid to illegal migrants looking to increase today to 300 billion in
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spending bill during christmas and then run the week the dhs said no no no, he became out and said no that are running out of money he was because of the illegals anyway because these are different funds justify setting a loss $200 billion to ukraine and sending billions to cities across the country to house and care for illegal migrants then have the nerve to tell us that fema is running on the money during hurricane season i'm are all these people are all hanging on for dear life because of this natural disaster street. cory: you are exactly right is joe biden and kamala harris america last agenda tires rest of orders not 90 away prior to migrants five star hotels new york, we cannot get fema trucks out to actually register people to get temporary housing to get checks in place and their time is $750 but why we talked with
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this, we saw this with million with palestine ohio, this is now 2021, rescues in afghanistan at the box ripped all this a ministration i was in you israel rescue 55 americans that israel after october 7th incident i was left behind and 23 americans 59 children of haiti and the americans left behind. now you have this, so zone anything surprising that is the pattern of abandonment america last agenda but over billion dollars spent from margaret reese settlement for programs what about reselling up with the americans north carolina and tennessee and georgia, first looking a big areas my state of florida and so i think personally, would abolish reture power back to the end of the mis and try to give money to the season because of their own individuals doctor programs out and natural flood insurance rate disaster relief fund ability fema special and tuneup to actually keep up with kind of
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the chaos catastrophic events that are going on when it comes to these devastating storm. maria: how disturbing pretty all of this is pretty it's incredible to me and were also facing a potential prices and at least israel is now wing's response to the iran missile tes against lebanon biden warned against attacking iran's nuclear facilities and no did not go there but he said that the u.s. is discussing with israel, possible strikes on oil infrastructure printed that has moved oil prices this week and your reaction to the events in israel. cory: the bottom line is that iran would not of had that accessibility to the funds they currently have had not been for this biden and harris administration of the billions of dollars in prison assets for the iranian regime to utilize the largest oil exportation ron is ever seen to try to and hit the region and nation funny things like hezbollah and hamas and the backed iran militias in
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iraq and you see this increase on our troops in syria and indices you see the increase attacks on israelis, in the october 7 incident, this is all a direct result of foreign policy we news inviting aggression and also supporting israel's right to defend. what is it with your people at the united nation's useless nations at this point, who's going to go ahead these fire is israel during the holy month running on but they did not see a single thing to ira nine celebrating so when you can see with this is again, let's bring our we are the series accountable and that's what we do it when president trump and that's what we did under president trump. maria: thank you congressman cory mills a big moves in the market, after huge prices i can strike jobs september just ahead of the election and he said the deal reached at two in the park strike in the messages sent us the country i see more and anti- are here with the responses
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maria: welcome back and here's d of the week, we can escalating tensions in the middle east, a three day strike support workers in the september jobs report. the report should be surprised jump in number of jobs and to the economy in the month of september 25, 4000, when the estimate call for job growth of 140,000 the on the primary dropping down to 4.1 percent, for the month and revisions to july it on his also showed a total of 72000 additional jobs added than previously reported to me now is a former ceo see ke restaurants anti- trump senior get closer and advisor co-author the trump economic miracle, steve moore jim and pray to see you so much for being here major take first on the jobs numbers andy your reaction. >> is my report and you always
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like to see that this is the question is, how reliable is it. andy: there was an article in the wall street journal talking about how household survey not be reliable because labor statistics doesn't have have enough money to do an effective survey you see that in the numbers we sought the numbers for june 8, 0000 short or 88000 about what the revisions came to be and in july we had we ended up with 30000 more just noted in august 17 does more so you know we have 880,000 nearly revision through the smart so the numbers and i think that i don't think we want to be seen any rate cuts based on these numbers, the numbers but how reliable they are, will have to wait and see the update. and after the election but this is a good jobs report going into the election. maria: i think the reliability question is a good one because steve, look, we saw a lot of job
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growth for some of those jobs were in hospitality and leisure, is typically low-paying jobs, healthcare and government jobs, those are typically all government subsidy jobs and so is a lot of job services a lot of good jobs. steve: , quick points on this, number one coming recently right if you look over the last year and we talk about this month after month on your show, maria, the leading employers have a government and by the way the healthcare sector is subsidized by the government so the government keeps growing and growing becoming a bigger power of our economy at a time when we want to downsize government. in the other point it would about the economy, generally, is that the big story this week, the nobody's really been talking about is the numbers for fiscal year 2024th mark now in because the new fiscal year started on october 1st and you know what the budget deficit
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must maria, for the year 2024? , it was $2.3 trillion when the highest emesis in the history of the country what is my point here that the economy is being held up on stilts massive government spending and borrowing in maria, that is not sustainable. maria: that's a great point and you are right and look, take a look the good news of the port strike and it is not over at least without. longshoremen's association has agreed to return to the docks for three months, while new contract is hammered out. so this temporary deal goes until january 15th about dockworkers celebrating look at the 862 percent wage increase and could still take weeks to get everything in the ports up and running however, your reaction to this temporary agreement and look if they cannot come to a deal like henry 15th of the 62 percent increase in wages gets pulp in your reaction steve. steve: [laughter]
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well in america getting a 62 percent pay raise these are huge numbers. time for workers not want to see them get the best wages think about my goodness i think this is an indication of two things about first of all trucks have a story right from the beginning, that dockworkers in all union workers have been crushed by biden inflation in the lock themselves into these contracts singing inflation would be what was in the trump years of 2 percent said we have had the average inflation rate is been six and half — 7 percent undivided and so the workers are underwater the last three or four years with respect into the wages and salaries my goodness, think about this, if ever union label unit 60 — 70 percent pay raise, but will that due to inflation. but wage to push and make it much worse. maria: kamala harris tweeted out the longshoremen's deserve fair wages and so you do so they're
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all aligned not and that was just politically expedient for kamala harris to come out with a comment about the longshoremen's the 900 team. steve: the only people on the team the union leaders from the union rank and file whether it is the teamsters firefighters, the workers in america are on the side of donald trump because he has economic policies that create jobs and prosperity and economic growth. and you don't have to be a genius to know that kamala harris does not have those kinds of policies and she kennedy defender policies publicly it's of this the kind of think that we will see repeatedly. it's amazing, and i will tell you the longshoremen's have good timing the contract expires month before election no they have agreed to reach an agreement before a week before inauguration day, the going to go back to the table and these when you cannot criticize them for the timing, that's for sure. maria: you think this verse other unions to demand more
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money. steve: absolutely, even though the west coast dockworkers were reasonable, they do not get this deal need to be irritated and they've gotta be upset with the leadership and cross-country you will see unions go to the numbers the other workers did it and now the longshoremen have done it and it could have a real effect across every industry. maria: gentlemen good happy both in thank you leave more and andy, we will see you soon. okay good to see you in oil prices spiking this week and meanwhile stenches grow between israel and iran, and he is here and how high it could go in effect on your wallet is
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this we can with an year as the threat of war displays and release between israel and iran and president biden said that there are discussions of israel potential retaliation and raining oil sites in 20 is now soil such as president, andy labelle is good to see you think you so much for being here and what do you attribute the big moving oil this week and do you believe that it has legs and will continue elevated levels. andy: will thank you very much for having me maria, the market is price again a greater probability of supply disruption due to the hostilities the missiles that we see flight between israel and iran with president biden's comments that oil facilities may be targeted that of course is prompted for the rally in crude oil prices and i think that they facilities we are looking at number one would be hard by the importantly when and happily battle barrels a day is being exported as well
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as refineries and run the could impact the economic status of that country in iran. maria: is a significant enough to keep the prices where they are today or even send them fi fire. andy: i think that if we do see oil export facilities come under attack we could anticipate oil prices rising another five — $7 per barrel and i would point out, this is hamas invaded israel back last year in october come there still has been no supply disruption other than the diversion oil tankers and chipping away from the suez canal and the red sea. maria: right, and one of the oil stays elevated, does not keep inflation overall elevated in the underlying component here, in many situations for inflation has been the high price of oil. andy: is certainly does as well
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is the oil prices rising gasoline diesel prices are going to increase in those increase cost will be passed on to the consumer. that would dampen any expectations of lower inflation rates. maria: how do you characterize the capacity for america to be exporting oil and will that be sufficient to put more oil on the market actually in effect get inflation down. andy: well currently, the united states is producing a record about 13.3 million barrels of oil that figure is expected to slowly increase of the next couple of years. as you rightly point out, when impacts and production here in the u.s. is the regulatory policies of the administration because that affects the rate of growth that we would see in the future. i thank you so important that the united states is a very robust energy policy, whether it is oil addiction, natural gas or
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even the renewable fuels because that makes it easier for us to implement whatever foreign policy we want because no longer reliant on other countries around the world for our energy sources. maria: right which is why this whole exercise is not just a economic one but the national security what as well and andy, is going to talk with you we so appreciate your insights and thank you b3 thank you. maria: and ♪ (alarm sound) ♪ amelia, turn off alarm. amelia, weather. 70 degrees and sunny today. amelia, unlock the door. i'm afraid i can't do that, jen. ♪ (suspenseful music) ♪ why not? did you forget something? ♪ (suspenseful music) ♪ my protein shake. the future isn't scary. not investing in it is. you're so dramatic amelia. bye jen. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com.
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>> what about one thing you need to know i have a nice we come if you want to make sure that you go get it, next week big retailers kick out there holiday ravings invents a new want to know about this, amazon is hoping to isolate shoppers, with its amazon i'm dale deal starting next tuesday, the but the getting fierce walmart launching big sales on a great blessing for five days and
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target circle week kicks off and best buy refusing to be left behind it is offering full month appeals with a eight hour/l during prime day will be following all of the cells on warnings with maria six and nine eastern weekdays here on foxbusiness i hope you join me every weekday for mornings with maria the scenes of the morning over the "fox news" channel, 10:00 a.m. eastern life sunday morning futures ivy exclusive interviews this weekend with former first lady, and exiled iranian crown princeton former hawaii congresswoman and trump transition team member tessie gabbert join us live in sunday, and sunday morning futures wi for us here on foxbusiness and think you so much for joining us have a great rest of the weekend and i will see you again next time ♪ ♪ >> there and spent people sponsored by global acts ets, barron's roundtable. jack
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