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. maria: welcome back.

good monday morning. thanks so much for joining us this morning. i am maria bartiromo. i hope you're having a good morning it is monday, january 6, it is 8:01 east coast we kick off with hot topic of the hour congress to certify results of 2024 election at 1:00 pm eastern despite a massive winter storm on

washington, d.c.,. >> lawmaker focused on executeing the trump agenda the house and senate are split on how to do it, the president-elect posting this on truth social, urging republicans unite send one powerful bill to a his desk as soon as possible that will include border security energy policy tax cuts, and potentially a rise in the debt limit house speaker mike johnson broke all news yesterday with me on "sunday morning futures". >> i think the end of the day president trump is going to prefer as he likes to say one big beautiful bill, there is a will have the merit to that, because we con put it all together, one big up-or-down vote can save country literally because there are so many elements to the it more time to negotiate that get it right we made a lot of campaign promises president trump as well reconciliation to get it done invoice 60 vote threshold in the senate. maria: are you expecting to raise or eliminate debbie

wasserman schultz as eliminate the debt ceiling we don't have to negotiate with, chuck schumer the democrats on that in reconciliation you can do it with republican party. >> would you have that on the president's desk by may? >> i certainly by may yes, in fact targeting a vote in the house it maybe first week of april. maria: so you are talking about the first 100 days? >> memorial day. >> you are talking about. maria: we are whole idea. >> and the worst case you see memorial day? >> that is right that is right. >> but house and senate are not on the same page, south carolina senator lindsey graham told me this plan is concerning he wants two reconciliations packagesing taxes the end of the year watch this. >> if we don't put border first and get it done, it is gonna be, a nightmare for national security. to the tax cut wing of the

party i am with you but if you hold border security hos containabling to get tax cuts, you are playing russian roulette with national security i am saying that as we negotiate tax cuts, their tax cutting people i am one that won't vote for border until they get taxes, i am not a big fan of the salt deduction i live in south carolina low taxes, why should people in south carolina subsidize california and new york? >> and now, we have the rub whether or not able to get over this, and get trump's agenda executed, liz if you have new york, california lawmakers holding congress hostage to salt deduction you are having battle after battle. liz: i think a serious compromise raising salt limit obviously, was done the last time around, and the last time

we had a change to that. after being eliminated basically altogether, interest tax cuts, and, by the way, lindsey graham, you know, he -- lives in south carolina went for trump by 18 points, i think, again, all legislators have to kind of remember, what we're trying to do here what we are trying to do is come together as republican party, and pass an agenda that the american public is extremely excited about, letting it get hung up on i in issue whether salt or anything else, that is unacceptable we saw, by the way, trump's influence, when they -- made mike johnson speaker of the house he is the guy he is running the show, everybody needs to get in line. >> that is right because you actually had three congressmen voted for somebody else, they could not afford to lose more than one vote president trump got involved spoke with keith

self, also, one other norman by end both changed vote to mike johnson massie only one voted for somebody else only vote they can lose, one vote, rebecca, so, that in and of itself tells you you are having lots of battles the more stuff you add to this as trump calls it one big beautiful bill harder it will be certain senators say i can't in conscious raise dent limit 36 trillion in debt trump wants that president trump is going to have his hands full, dealing with lawmakers who have all different priorities, rebecca. >> yes, it makes my stomach turn, to hear the debt limit brought up i have massive issues with the fact our 10-year now 4.6 in 4.5 range the market is telling us that

the risk of u.s. dollar continuing to -- is money, money, money is not going to work this time. we have to look at this, the salt deduction alone is about 100, 1.2 trillion, taking that down is 1.2 trillion dollars over 10 years. >> a really a good point that you make bill hagerty joining me the senator from tennessee, also, concerned, about the dollar, but i think one of the reasons this market is rallying this morning, is the story of the "washington post", as well, that president trump's aides are reportedly looking at scaling back his tariff plan, the post says team moving away from imposing universal tariffs on everything imported into the united states instead replace on certain sectors considered critical to economic security a big deal. liz: it is how obviously, is this? the media the media took this tariff story, creates a about -- everything that price of everything is going to the

ceiling inflation coming back, if you do blanket tariffs you give up totally the strategic opportunity of using tariffs for all kinds of reasons trump did very successfully first four years i think great gad they said this seems obviously, outcome. maria: totally agree with you a short break when we come back into the agenda, we've got a "fox business" exclusive coming up later in the show, 1789 cal partner donald trump, jr., is here with company president on their new spec deal acquisition of a firearm retailer wait till you here what about to announce in 20 minutes' time exclusively on this program join me for donald trump jr., bill hagerty here pushing congress to approve one big beautiful bill. what are the priorities, we

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>> i am with speaker jacques plan president's plan one big package put you the through may difficult you've got to have sweet eners in there in order to sweeten that boat i adopt like salt i love salt, hey. i don't like to do debt ceiling we've got energy to deal with regulations to deal with, we have to get the border security done president trump can take care avenue lot of border security first day in office reinstitutesing a lot of. >> carlos giménez supporting trump's plan to pass priorities in one bill border money tax extensions some have

issues with combining money for border tax cuts as well as raising the debt ceiling into one package i also asked wisconsin senator ron johnson a, joined me yesterday, on "sunday morning futures", watch this. >> i certainly supported two-step process i givep trump funds to secure border protect this nation, then take our time on, making sure we don't have a massive tax increase in 2026. >> president trump wants eliminating or raising debt ceiling in first big package will you vote for it? >> no. we absolutely need a debt ceiling limit all negotiating temperatures to increase that -- >> joining me now is tennessee senator bill hagerty senate banking housing foreign relations appropriations and rules committees covering it all what we are talking about this morning senator great to see you this morning this you so much for being here.

your take hour irworking through this a house firm plea onboard with president trump's ideas to do one package, but then you've got new york lawmakers, and california lawmakers insisting salt pack get lifted in package to buy in on border, now you've got new element of raising the debt ceiling you harder ron johnson say he is not going to vote for how do you get everybody onboard and be united pass trump's agenda, sir. >> that is precisely the challenge a great interview with speaker johnson this weekend best i heard pace of play. i am not particularly hung up on woe one step or two-step process my concern that it be done quickly, to hear speaker johnson says targeted april first 70, 80 days the pace we need to be moving, as we stated earlier certainly president trump could do a number of things with executive order to move right direction another priority for us to get president trump's

cabinet in pays going to see where democrats work with us or not we've got threats, all are on the world facing us right now certainly here in our soil get cabinet in place working on negotiations for this package when one or two pieces, i am happy to do it one big piece, i would like to see us get this done as quickly as possible american public needed is our economy need it market expecting it. >> is it realistic to put everything in one shot? i understand because voters just voted for tax cuts and voted for border security these are two important issues, and i get that trump wants that in one package, but when you consider all this other stuff, i mean the more stuff you put in it more implicated it gets is it really realistic to tackle everything in one shot and can you really, really, realisticly believe in place by may. >> it certainly -- fund-raising to people should specific for, for example, salt tax i am from

tennessee low tax state very difficult for a lot of, folks to say look. we should be subsidizing high tax spend states like california new york, et cetera, but that is part of the package that as has to come together we have to come together unionfy nation president trump did magnificent job bringing everyone together mandate that he has our the term to act on that i am been frustrated since a i arrived in washington 4,000-page bill we need to figure out to get as much as possible accomplished as quickly as possible american people need it national are security needs it. maria: yesterday we were talking defense now that worried once again about terrorism in the united states, it gets you to thinking about the military, i know the defense end of this, and bulking up military a priority for first package when you look at navy in the united states how many navy

ships versus how many china has, where they are going? what is your take on the on the appropriate -- the appropriate money and support for the military that you are expecting? >> well, the most important thing to me respect the to pentagon military, is to get new leadership there, pete hegseth working through the process i interest him we've got new leadership on away from dei pronouns there is a huge problem in terms of retention recruitment, the men and women in pentagon doing this to protect our nation not here for many reasons biden administration is completely covered them with, with respect to the to dei initiatives we've got to get to basics most important aspect take a critical look at entire process inefficiencies are enormous, the fact that vivek ramaswamy elon musk going to take a card look at

this doge niche way he overdo at the technology figure it out remain, i, there is a lot of process work needs to happen that should go with a look at overall budget needs. >> let me get your take on the story "washington post" senator because, the post is reporting that president-elect trump's aids are now looking to scale back trump's tariff threats the post reporting team is moving away from imposing universal tariffs on everything brought into country placing applicatives on certain sectors deemed critical to national or economic obscurity senator this is what we expected, by the way, the media made a huge detail over tariffs trump's plans i expected that it would be targeted, that it would be about national security, do you see this as major change? i think markets are rallying on this story stew an i both

know president trump is expert negotiator the the president has imposed tariffs did it firsts administration, the 232, 301 tariffs president trump is not hesitant to support very appropriate i am not ahead of him he its doing negotiations in terms of where he feels most important strategic applications of tariffs should be we've got a huge issue in terms of trading partners so many, many have better deals than we do back in history to world war ii, trade deals cut, through economies, europe, japan should have put gdp per capita limit instead they guy much more of advantageous trade than we do we need reciprocity what president trump said strategic in process i am not getting ahead of him in temperatures of how he has done out will do it use this is to america's advantage. >> tell me, when you believe we will start seeing an impact from all of these changes senator? have because i think the deregulation, is going to be a big part of this we are going

to see impact on economy that could happen through executive orders how many executive orders are you expecting when back from policy changes. number of executive orders i am not sure except working very hard there a number in hopper right now, going to be completed very a relationship pace, the damage biden administration has done over past four years not anything i could have imagined, in terms of with a it has done to economy national security psyche of this nation president trump will put forward executive orders dramatic pace other fact is results have begun to happen you saw how a hundred billion dollars in united states before president trump has taken office you see partners stepping up national security expenditure uk stepping up 2 1/2% gdp on defense you see, now maybe buy u.s. energy supplant russian energy happening before president trump has come in office we

are seeing results. maria: before you go your thoughts, on prime minister of canada justin trudeau about to step down, and also got to get your thought on japan's suing u.s. united steelworkers wants to deal u.s. government joe biden's administration because blocking the united steelworkers are nippon japan deal. >> on trudeau i am not surprised i think rather funny president trump far more particular than trudeau in canada i think he is realizing no chance of sick socialism is not working we're seeing it at neighbor in north with respect to to nippon steel remember nippon steel has a history of problems with trade here trade infractions in the united states united states has got to think strategicly about sets a like steel production i think president trump going to be in a position to address this biden has taken a move see how president trump takes

i want as well. maria: great to catch up we so appreciate your time senator bill hagerty joining us this morning. we'll be right back. stay with us.

. >> . maria: welcome back take a look at futures we are one hour away from the opening bell for a monday, kicking off the first full week of the new year, for stocks, we are

looking at a strong rally underway dow industrials up 170 nasdaq up 213, as we know the breaking news is that congress is trying to push tax cuts up in the agenda. stocks also rallying on reports, that trump is looking to scale back his tariff threat before he returns to white house in two weeks stocks so far this year had been higher even if fractionally in first couple days, dow industrials up half a percent s&p up 1% nasdaq already up 1 2/3% only january 6. joining me now laffer tengler chief investment officer nancy tengler thank you for being here say first couple days in january tell you how the rest of the overis doing do you buy into that first five days? i've got to get your take on agenda speaker with of the house mike johnson told me yesterday on "sunday morning futures" aiming to send one reconciliation bill to trump's

desk by the end of april, that bill will include tax cuts. this could also be one of the reasons for rally underway how important that is bill for investors? >> so a well happy new year thanks for having me great interview i watched yesterday so that was really an important interview, yeah. i think there is a couple things going on first of all the only folks that believe that trump tariff ret, the hedge funds drive short term volatility the end of the year, i think you are absolutely right, the market others rallying on notion that tariffs won't be a restrictive as many watching the markets in the first trump administration realized and then secondarily earnings growth, come in around 14% for s&p 500 companies if we just see our 4% cut not even the full cut president trump is seeking in corporate taxes,

that will add four dollars over four dollars 4% sorry, to s&p earning growth, next year, so it is very important, that this agenda come through, i think the market was relieved that the speaker was elected pretty much without drama and now focus on fundamentals early stages of bull market we continue to fix, that stocks will rally next couple years. >> look. i mean let's not forget there was a pivot, though after the fed was so hawkish in that last cut, right the fed was pretty hawkish about we're not going to rush to cut rates in 2025 that is the reason markets turned negative going into the new year? i recognize that we've got big gains today year-to-date, and all last year, but th things changing, after fed meeting. >> yes portfolio language for buy this sell this my clients

think i did better than i did for them a lot of that going on i have been extraordinarily critical of the fed to point kind of boring on the subject, i wrote time to replace fed, chatgpt learners from mistakes i think yes, the market lost confidence in the fed if you look at the 10-year since the cuts announced, or that first cuts initiated up over 100 basis points, the bond bond is not buying it that said i don't think we need cuts for stocks to continue, to -- to accelerate we saw this in 90s fed funds rate above 5%, second half of the decade, yet stocks were at 34, 20, 3127, 20 last five years of the decade so presumptive productivity where you want to focus labor costs are at near

historic lows, and that is important, for earnings, corporate earnings, margins and net income growth. >> i want your take how allocating capital five names stocks that you are watching this year tell us about it. >> yes our five i wish it could have been 10 for '25 benefiting from generative ai or, picks and shovel steamer ships -- towards stocks where we love amazon for a number of years continue to think that company, is where you want to be positioned, growth stocks generate 16% earning growth index year versus 9 for value, that is company that is investing heavily but still producing 60 billion free cash flow after capex spending service now great interview with bill mcdermott saying 20

trillion dollars in general i.t. ai by 2030 but you don't need that to happen what you need to have happen is cio's continuing to invest 8% in as we said they are allocating, much of her to budge any budget to large language model growth, so plenty of room to grow, spotify name loved a long time put in portfolio,.com i think graduated last quarter to ai stock, that continues to be area of focus, gold goal another what we think for m&a generative ai. >> did you see ubs is downgrading goldman sachs this morning ubs downgrading goldman sachs to neutral say a strong well positioned

franchise valuation downgrading gold fold to neutral business modeled leans heavily on gbm, 65% revenues your thoughts on this downgrade of goldman sachs this morning your pick? >> yes well it is trading at 13 -- 1/2 times next year's earnings and drops in 2026 obviously,. we think they are going to continue to leverage their business, i don't pay much attention to analysts upgrades and downgrades they tend after the fact we use them for factual research but for upgrades and down grazed usually you want to buy when wall street is pessimistic a fabulous year last year may stall out all in 12 best ideas portfolio outperformed market since inception in 2019. we don't need all of them to work all the time, we just need most of them to work so i still like the name despite the downgrade.

maria: all right. just wanted to mention because this morning what ubs is telling clients nancy great to see you as always. >> a "fox business" exclusive 1789 capital partner donald trump, jr., here with company president a new spec deal acquisition of firearms retail tore tell us about wait till you hear this you are watching "mornings with maria" live on "fox business" stay with us. . (man) what if all i do for my type 2 diabetes isn't enough? or what if... (vo) once-weekly mounjaro could help? mounjaro helps your body regulate blood sugar. and can help you eat less food. plus 3 out of 4 people reached an a1c of less than 7%.

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. maria: welcome back president of 1789 capital omeed malik company columbia acquisition corp two agreeing to merge with online retailer grab a gun valuing about 150 million dollar, will be called grab a

gun digital holdings when deal closed expected on new york stock exchange under pew, an exclusive 1789 capital president acquisition corp two chairman ceo omeed mall i think and 1789 capital pattern donald trump, jr., congratulations on this deal. >> thank you, maria. thank you. >> really good to have you to talk about this omeed congratulations your goal to protect constitutional rights putting focus on second amendment tell us about grab a gun what you are doing today. >> thanks, maria as you know everything don and i worked on three years protecting americans from what we call technological tyranny large big monopolistic companies try

to. >> we've seen that around first amendment big tech companies curtail free speech at behest of federal government you have seen rumble, truth social, x, what we do public square tractional freedom begin to fight back with that said i think we agree no first amendment without a second amendment so now expanding efforts, into ensuring americans have safe, legal ways to defend themselves and families, through taking this company grab a gun public on new york stock exchange. >> you take the company public on new york stock exchange, don you obviously, have been an outspoken supporter of second amendment talk about standards about you know, what somebody has to go through, to actually get a gun because the name grab a gun is going to

sort of raise eyebrows for some people who want to know that standards are rock-solid in terms of who can be issued the gun, your thoughts? >> well one hundred percent, this is all still done legally, so many miss nomors how guns can be purchased you can't just do it through a mail still go through federal fire arms licensee the difference younger people wins witnessed what has happened younger people getting into the second amount understand the fundamental importance able to protect themselves and frooemdz this is a way for them to shop 2 way for everything else doesn't bypass rules i understand what left does when they talk about, you know, being able to bypass everything no background checks you go through all of that process you just shop in the way otherwise able to do

it. when you look at major retailers some biggest distributors in the country walmart number one, they no longer do it dick's sporting goods abandoning these things indicate tore woke areas of the government woke areas wall street so many americans fundamentally left behind, there are people unwilling to serve, and lost bank accounts able to get insurance we are making sure that segment of the population very large about 50% is still being catered do across the board not just grab a gun but public square making sure bolstering that side so those americans are not left behind. maria: i think great i also want to go back to something you said young people, because i think just because of the backdrop people are worried about crime we see, violent crime spiking, young people have been training themselves on how to use a gun is that the big growth market younger

people? >> younger people women over last few years watched crisis that happened with border as you see gangs taking over entire apartment buildings across the various states in the country people understand that they have to fundamentally protect themselves it is not done by your government who o allowed those things to happen an entire growth segment grab a gun is going to cater to those people for basically everything else in life exciting to see i have people from new york city, i have known whole life probably a gun calling me understanding i have been in this world for quite sometime, hey, how do i go about doing this getting the training how do i go about purchasing a firearm they believe, they are their last line of defense to protect themselves, a one hundred percent right we've seen failures across the board,, this is a fundamental american right going to protect all

costs. >> omeed i have been training how to handle a gun because of the fear that you don't know what you don't know omeed what about that are you seeing that market as your growth opportunity here omeed? >> women, young people. >> absolutely. there is no question if you look at data the fastest growing cohort millennials gen z's exponentially you have to indicate tore that way that growing cohort purchases products online this is% way to capture that growing market gen zs a 25-billion-dollar market this company wants to awareness based on market the opportunity to be con skater

arbitrage opportunity to own an area you need financiers to market get capital to companies sectors, by ash by tractory capricious esg mandates we have over half country behind us a massive, massive growth opportunity. maria: interesting, don, because, the parallel economy has resonated with our audience, what can you tell us about reception you have gotten from buying american working america, in this environment? and donald is there any coincidence you are announcing this january 6? >> i think sort of happened to work out that way we have seen what happened january 6 we understand that was not in fact an insurrection it was narrative created first unarmed insurrection perhaps in the history of the world if running with that i am sure media will have fun with it today because they can't help themselves. but what we're seeing is so many people are finally now getting that, a huge segment of the population never

believed before they could actually be debanked or lose insurance, or actually couldn't purchase something with typically credit card or otherwise, they understand the payment process cutting off transactions americans last few years truly he woken up to how tyrannical so many woke pg corporations have become that is not just the government. it is the public companies, and other major corporations that have made these restrictions, very onerous on american people, so now when a huge segment of the population wakes up wondering if going to be debanked have transaction history reported to fin because they happen to be 1500 miles from incident, that is the serious problem what we're trying to focus on right now, is catering to those preserving everything o gren used to have as americans all freedom should will halls. maria: omeed you have created a real ecosystem around this idea parallel economy congratulations we are going

to watch grab a gun when it starts trading on new york stock exchange, thanks gentlemen. >> donald trump, jr., and omeed malik here with their acquisition and spec deal stay with us. we'll be right back. pp of gen z.

. >> welcome back president

biden is rolling out some 11th hour last minute energy regulations, incoming trump administration may not be able to reverse. without col approval "fox business" edward lawrence with in other from snowy washington, d.c., this morning look at that background good morning edward. >> pretty i know working hard to get rid of snow but as fast as they work it is coming back coming down four inches five inches coming into work president joe biden not giving up on green agenda tried to make it stick through trump administration president biden rolled out rules to permanently ban oil drilling, on the land -- coastal waters of so you were united states on that lower shelf the president using outer continental shelf land actinglawed for permanent ban does not clearly say future president can undo action now congress might have to step in or could mean a court battle

for the trump administration. >> the american people didn't vote for less energy development in the united states in fact, energy was on the ballot during this election, energy won, unfortunately these kinds of midnight regulations being put in place by biden administration, are going to undermine american energy security hurt american consumers. >> you know from interview you did, earlier in your program, that oil and natural gas oppose this president joe biden in statement says quote we need to do this, we do not need to choose between protecting environment and growing economy or between keeping ocean healthy or coastlines resilient or food they can produce secure keeping energy, low, energy low prices, those are false choices he said the right thing to do why he made that decision energy department rolling out a rule related to water heaters emission they can produce ultimate could

affect 40% consumers increase prices to those 40%, back to you maria: edward thanks very much incredible to me, that it is going to now become congress's role to actually reverse this liz, joe biden is doing everything to make it tougher for donald trump no doubt. liz: so stupid energy one of the top three positions donald trump taking office with would i literally say all americans want lower energy prices, lower electricity one way to get there increasing oil, gas production so stupid, by the way, think about the new industries that we are so excited about nothing requires more energy, than ai, and data centers, et cetera. so this is literally suicidal for our economy. >>let take a short break come right back at it stay with us rebecca i will come right back to you you are watching "mornings with maria"

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maria: we are 30 minutes away for the opening bell, markets are on fire kicking off the first full week of the new year, dow industrial to do 34 points half 8%, the nasdaq at 2027. in the s&p higher by 1% let's get final thoughts. rebecca. >> i want to say markets are happy in the tariff policy is looking more nuance that's what

were seeing. we really have to watch the january the sixth. the bow is today we have to see if we get disruptions like we get on new year's day because the markets are not going to like that. i want to touch on the fact that with light insane energy is going to be permanently reduced. remember on chevron to overturn so the rulemaking rule authority is good to be much more challenge will in the future judicially. maria: that's a great point. do you want to buy oil stocks because of the increase in activity that you are expecting or you want to sell oil stocks because oil prices may go lower. >> we got as $74 plus. it's come up a little bit. but we can have destruction pretty think global slowdown is coming. i'm not necessarily thinking oil might be a huge winner but it will be on the front of a.i. it is a buy, hold in neutral. i am neutral. stuart: look, obviously the agenda is front and center the

markets are rallying around the idea that the tariff situation will be as bad as some of them expected. also the idea that mike johnson is pushing tax cuts all the way to the top of the year. we'll see if they can get it done one package without breaking news yesterday. >> i think that's right and i think they're cheering the fact that mike johnson is very much on board with the trump agenda. meanwhile joe biden is doing everything possible to make half the country if not more than half the country despise him. the moves that he's making honoring george soros taking more land off drilling possibly, what is he think he's doing read it's offensive, january 20th cannot come soon enough. >> it's two weeks from today. president trump will start his second term fast and we were ready seeing what is taking place ahead of it. thank you, good show, liz peek, rebecca walser. "varney & company" is up next. stuart