>> looking at the year end, the ten highest yield in the dow jones industrial, wall street's favorite to merck and company, two turnarounds for 2025. jack: interesting strategy especially the market tanks with those dividends. >> for solo drop 25% in the past three months, people are worried about donald trump's policy for renewable energy. this is only solar panel maker in the u.s. if the president follows through on his tariffs is going to do pretty well to add a support level looks like a decent time to buy. jack: inc. even, out and teresa, check out this edition of barron's.com that is all for us, have a merry christmas, happy hanukkah and we will see you next week on "barron's >> from the fox studio in new york city. this is "maria bartiromo wall street". maria: happy weekend to all.

welcome to the program that analyzes the week that was in position you for the weekend. i am maria bartiromo, drama as republicans and democrats but had different interim spending bill, the chaos building concerns about the ability for congress to push through trump's crucial agenda when he takes office next month. a number of senators and congressmen laying the groundwork to hone in on top priority sending a letter to income senate majority leader john thune and mike johnson urging a two-step reconciliation process that pushes for a porterville right out of the gate but delays extended the trump tax get to later. >> the merck of public wants right now is secure border there fed up with drugs and criminals and terrorists coming across the border. it has to be passed because we don't expect any help from colleagues, we support the jew reconciliation bill solution starting out with a very rapid passage on something that provides president trump the resources he needs to honor the

promise that he needs to americans to secure border. maria: you heard wisconsin senator ron johnson from the senate budget and finance committee and he joined being right now. good to see you, thank you for being here. newt gingrich had told me the timing will be extremely tight getting the trump tax cut extension through if you wait until the end of next year to get it through, the tax foundation grover norquist writes republicans can kiss the house majority goodbye if they delay the tax cuts are good i will be speaking with congressman nicole malliotakis later in the show and she agrees there should be one big bill at the beginning of the year which include border and taxes as opposed to reconciliation bills. how do you see it. >> merry christmas maria we have a different opinion. what we need to do is give president trump the resources that he needs to fulfill his major promise both the 2016 and

2024 to secure the border and give him four years of funding that should be noncontroversial we have more than enough money to pay for that. get that passed within a few weeks of the new congress being formed and president trump being inaugurated. the tax package is going to take more time. i don't what to extend the current complex tax system we have until the beginning of 2026 to do it we should take your time there is a great incentive to avoid a massive tax increase you don't need the incentive securing the border to avoid a massive tax increase. i disagree with the one bill approach that could fall apart we're going to have to do with the debt ceiling and spending and the only funding this year that were currently in the fiscal year 2025 but trying to pass appropriation bills,

understanding we will get no help from democrats, the only way you get help from democrats is if you massively overspend, from my standpoint what are the mandates of president trump in terms of the selection is reduced size scope and cost of the federal government that's what you lot musket vivek ramaswamy are all about it is to reduce the size government not do deals with democrats that will dramatically increase in size. maria: you make a great point, it's not controversial, you have to do the porterville to reconciliation you not to have all of that, you don't have the votes on the board on the democrat side that's what you have to do it with a simple majority. and we can do it, that'll be pretty simple. lindsey graham is chairman of the budget and he's been holding hearings we've been meeting with the other committee meetings that will be giving the instructions to provide the

funding and there's no controversy from the standpoint of providing president trump the funds that he needs to secure the border and start the deportation process. maria: president biden is nowhere to be found in the spending bill fight we've not seen or heard on anything this month buddies now trying to ram through last-minute spending of his own is rolling out another $4 billion in student loan forgiveness the massive loan handout we give 55000 public workers loan forgiveness. he's doing a lot of things as he walks out the door and nowhere to be found on the important spending issues. >> it seems like his administration. i'm not sure it's him and has the cognitive ability to do this but it seems his henchmen are doing everything that they can to shovel money out the door and sabotage the trump administration the incoming one. we cannot rely on good faith on the part of democrats to repair

the damage that they did over the last four years this is something that we need strategies we did not write that letter to put a stake in the ground we wrote that to let leadership say were to be supportive of this approach laying it all out, come talk to us. by the way the approach that leaders student wants to enact people within the administration i don't want to name names are supportive of that approach. again that's the one that has a greater number of people supporting it and this would be the easier one done two-step approach. on the promise deliver on the promise and again, we all want to avoid the massive tax increases will take effect in 2026 if we do nothing. we will do something. former speaker of the house told me the only way that this is going to work is if you have in this issue do the porterville you have to immediately return to taxes and you have to have a

this written out by may and signed into law by july 4 so you can give people the opportunity to see the impact on the economy otherwise big trouble coming to midterms, do you agree with that. when we passed the tax jobs and tax cuts and jobs act in 2017 that was very tail end of the year, you go into the process at a minimum and make sugar extended. if we can from my standpoint if we can simple fight and rationalize the tax code that would be a good thing icing on the cake i would like to take some time to put that operated that would be important for and big. i would get your take on trump's avenue picks on the hill you met with him was all of them all the pics, what he wanted tell us about your meeting.

>> first of all their all intelligent people they articulate which is important, articulate plus they're willing to fight and that's what president trump needs, smart people that can articulate the president's vision and willing to fight the entrenched bureaucracy in the agencies. it's not going to be easy what i appreciate the incoming chair of this upcoming investigation of a commitment of all of them to open up their agencies make them transparent, i warned all of them in stock would be an easy task the deep date does not give up the secrets easily. but i think they recognize they have a job to do, big mess to clean up if they want to focus on the, kash patel, he wants to fix the fbi in decentralized and send the prosecutorial decisions out to the branches get them away from politics. a single system adjustment it is happy to allow the oversight to look back in congress his hands,

give us the documents we need. if we see criminal activity that we can refer that to the justice department. what trump's said his retribution will be success all the nominees from my standpoint are focused on success they are looking forward congress will do the oversight. maria: we appreciate your time. >> have a merry christmas. senator ron johnson. wild swings for stocks in the full trading week of the chase really knows how to put the hart in your local community. see what i did there? hey, jackie! (♪) evan, my guy! you're helping them with savings, right? (♪) i wish i had someone like evan when i started. somebody just got their first debit card! ice cream on you? ooo, tacos! i got you. wait hold on, don't you owe me money?

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money is tight, so we must make sacrifices. i give up my bespoke shaving subscription. and i'll stop ordering everything that's trending on instagram. and i will no longer agree to the add-ons at the oil change place just because the mechanic called me "ma'am." it really is a top-of-the-line filter, ma'am. and of course, we'll downgrade our insurance -to get a lower rate. -well, you know, you don't have to make sacrifices now that you're saving money with the progressive home and auto bundle. you couldn't have said that like 6 seconds ago? maria: welcome back a look at where markets ended the major averages on wednesday logging the worst day in more than four months after jay powell signaled you were rate cuts next year in congress struggle to fund the government. we have the final read of third-quarter gdp a cayman

higher-than-expected act growth of 3.1% in the preferred inflation rate came in slightly below expectation at 2.4%, it's still about two-point to percent rate of inflation, piper sandler chief investment strategist michael kantrowitz, good to see you thank you for being you, let me kick it off with your assessment of the macro story. how would you assess things. >> right now the financial markets are extremely focused once again on inflation and the risk of higher interest rates we had a great year this year the tightening cycle and e-zine cycle in the market went too far in the economy state okay we've seen rates backup, interest-rate cut expectation be impaired back this past week that meeting is

somewhat reset expectations with the reset of the fed.pot in inflation expectation the market has pared back some of the enthusiasm for multiple compression as interest rates have backed up, debate under data on inflation in employment or get to be the most important data for the equity market the most important data for the bond market in the bed. maria: what do you want to do as an investor. were looking at strong gains year to date but december has been a rocky month how do you want to allocate capital going into the new year. >> we have been on the side of being overweight areas of the market, we deem as quality these are larger companies with healthier balance sheets, fatter profit margin, stronger cash flow, and earnings momentum. what are the areas across the

market an absolute basis are in general and dave singh continued earnings revisions and that's true of the u.s. versus the rest of the world it is true in large-cap small-cap and it's been a theme within sectors as well. i think that will continue to be important next year the economy will not radically change that much were still probably going in tail winds from the global e-zine and commodity prices but there is potential headwinds that present a real strong vf celebration in the economy like high interest rates that are affecting the housing market in the bottom part of the k-shaped economy that we have is struggling from high prices and high interest rates.

we see some cyclical improvement in some data like manufacturing pmi's but the upside is somewhat limited but that are nonethel nonetheless. >> do you want to stick to the high flyers a lot of the risk on names have come off of their eyes, looking piquant, big tech, do you like those names now and would you put money to work there. >> companies that will continue to see free cash flow and earnings momentum in our opinion will continue to outperform. i do want to narrow it down to the mag seven but what you do want to avoid is stocks that have become expensive and purely betting on interest rates going down. that's an area of the market in that small caps in a way that certainly had a great move in early in the fourth quarter when ray started coming down if rates stay sticky in inflation stays sticky the larger companies will

continue to outperform because you have economies and continue to do well in this environment. maria: we will leave you there, always a pleasure. have a wonderful christmas, michael kantrowitz trump's tara threats has kidded the scrambling for action with the month until

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maria: welcome back a month out from inauguration day in president-elect donald trump's tariff director taken effect, candida out with a five pillar plan to strengthen the border security and immigration system and includes blocking the fentanyl, increasing information

sharing and under limiting unnecessary border traffic candida is proposing 913 million american dollars to enact the new majors in hopes of avoiding trump's.and 25% tariff on all exports into america, your congressman nicole malliotakis the northern border security caucus. it is good to see you, thank you for being here. it's incredible that these threats in these leverage are having an impact, how do you see things. >> that's the difference between a tough president it was no nonsense like donald trump versus what we had for the last four years where you have seen for an adversary over us and take advantage in our neighboring countries not be serious about the problems affecting americans. i think this is great news and what we've been waiting to hear president trump is making a difference and he's not in office yet. it's great news we have more cooperation from the countries to the north and countries to herself we met with tom homan who is borders are yesterday and

i will tell you the way that he has told us that president trump is making progress with so many other countries in central america to cooperate so we can secure our border and we can stop the mass migration it is good news for the people that i represent in new york and people all across america want national security important security. new york city mayor eric adams seems to be changing his tune as well as planning to work with trump's team to reform sanctuary city laws you have lawmakers pushing to make new york a sanctuary state we just heard reports of a fed rate of impairment trend they are wrong what in the bronx. >> new york needs to take note who is with them and who is with common organizations, once again the democrats were doing everything that they can to weaken the laws to allow for illegal immigrants, for gangs, criminal organizations to stay

within new york and wreak havoc. in new york city went 15 points up toward president trump and they lost a state senate seat in the heart of new york city as well, this is not new the democrats are the ones in new york state is reduced sentencing for misdemeanors, illegal immigrants would not trigger deportation of illegal immigrants they are the ones that tied the local hands of local law enforcement across their state so they cannot cooperate with ice or share any information they are the ones that cut off access for our homeland security to the dmv database, imagine that in a post-9/11 world, they cut off access once again to protect people in the country illegally it's good news that eric adams changes to but he has the

ability under existing law to cooperate with ice detainee request for people who are hardened criminals, the democrats will fear mongering act like getting rid of innocent people but that is not the case, they are prioritizing these hardened criminals were wreaked havoc in our city and they get arrested and released and go back to the luxury hotel room that were paying for as taxpayers. maria: let's talk about the elephant in th the room, all wen long over the spending plan if you guys can't agree on a continuing resolution how do we expect you will get trump's agenda done next year including the border security, tax extension, defense and energy. >> you are right, that's a real concern the fact that we had far right members who would not support a simple mechanism to keep the government funded for the next month until president trump came in and president trump had endorse this plan that

is really problematic once president trump was there he would keep everyone in line and keep us united and really that is not right we need strong leadership that's going to push back on the and understand they represent all the rank-and-file members and we need to work to pass president trump's agenda which unites us. that is what unites us, we want secure borders we want america to be a leader in energy production once again we want to make sure that we pass the tax bill. i am concerned about the tax bill out of all the things of the ways and means member that's what i most concerned because the extension is awkward to happen because you cannot moderate that want salt and i think there will be a problem there, that's why the package

needs to be done altogether so the border states get something, energy producing states get something, the salt states get something and that's how you get to build the coalition. maria: morgan keep a spotlight on it, we appreciate your work. thank you. great to be with you. nicole (♪) car, this isn't the way home. that's right james, it isn't. car, where are we going? we're here. (♪) surprise!!! the future isn't scary. not investing in it is. car, were you in on this? nothing gets by you james. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com jorge has always put the ones he loves first. but when it comes to caring for his teeth he's let his own maintenance take a back seat. well maybe it's time to shift gears on that. aspen dental has complete, affordable care all under one roof. plus $29 exams and x-rays for new patients without insurance and 20% off treatment plans for everyone.

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piping in 12 drummers drumming have increased rates of nearly 60% maybe add these to the santa wishlist until they find their way back down six to 9:00 a.m. on fox business. hope you will join me every weekday i see you this sunday 10:00 a.m. eastern presented boarding features i got exclusive interviews with incoming national security advisor michael waltz incoming white house press secretary karoline leavitt. the archbishop timothy dolan, my special guest sunday at 10:00 a.m. on fox news that will do it, now on fox business, thank you so much for joining us. have a very merry christmas and a happy hanukkah. have a great rest of the weekend. i will see you nex >> "barron's roundtable" sponsored by global x ets.