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tv   Mornings With Maria Bartiromo  FOX Business  January 8, 2025 6:00am-7:00am EST

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maria: good wednesday morning. thank you for joining us this morning. i am maria bartiromo, wednesday january 8, your top stories, 6:00 a.m. on the east coast. today president trump calling the shots hitting a wide range of topics. an hour-long press conference yesterday everything from calling for the gaza hostages to be released immediately to expanding the border of america. >> if those hostages are not back. i do want to hurt you negotiation. if they're not back by the time i get into office. all hell will break out in the middle east. >> you said you're considering military force to acquire panama and greenland. are you also considering military force. >> no, economic force. we will be changing the name of the gulf of mexico to the gulf of america.
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mexico has to stop allowing millions of people support into a country. they can stop them. we will put very serious tariffs on mexico and canada because they konther candidate two. since we won the election a couple of months, since we won the election the whole perception, the whole world is different. people from other countries have called me and said thank you. maria: president trump calling out the d.o.j. after new york appeals court denied his bid to halt the hush money sensing which is scheduled ten days before inauguration day. all the details coming up. markets continuing to rally, take a look and features indicated again at the start of trading. the dow industrial 131 points, the nasdaq up 85 all ahead of today's job data. the adp report coming out at 8:15 a.m. eastern the december jobs report on friday. market sold off yesterday after the pipit from the federal reserve. we had a lot more bumpy performance for stocks as
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related to the rest of the year. we have the selloff led by big tech and growth stocks. the dow is down 178, the nasdaq up to get to 75 points yesterday at 4:00 o'clock on wall street. european markets are higher, take a look at the eurozone higher across the board in asia overnight, take a look at the numbers, the chinese hitting a 16 month low after the treasury yield sent the dollar higher intercourse after the news yesterday that the pentagon added chinese companies to the blacklist. joining to the conversation already long, broken frontier strategy ceo ed attorney mehek cooke bullseye and enjoyed refund and portfolio manager adam johnson. former trump administration official republican strategist tricia mclaughlin. "mornings with maria" is live right now. ♪.
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maria: kick it off with a hot topic of hour pretrip officials offering expanded state and local tax deductions at mar-a-lago meetings this weekend and exchange the salt republicans fall in line behind trump's agenda included the tax bill likely coming later this year. this is all the expectation that lawmakers have been telling me that has been the salt lawmakers that are holding congress hostage to getting a deal done on spending. political rights this one proposal being discussed would allowed married couples to deduct $20000 of the state and local taxes from their federal income taxes under current law married couples can deduct only $10000 which is the same for
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single taxpayers. republican lawmakers have been holding out for a potential move like this in with a razor thin house majority they have more influence. south carolina senator lindsey graham told me he is against the salt deduction being added. watch this. >> as we negotiate tax cuts they are taxcutting people and i am one of them that won't vote for the border until they get all their taxes. i'm not a big fan of the salt deduction. i live in south carolina with low taxes. why should people in south carolina subsidize california and new york tax policy. you could have a hard time with me on that. maria: house speaker mike johnson told me this is why one big reconciliation bill is needed not to lose the salt lawmakers on their body and on the border money. watch. >> there is a fear without getting all of the elements in one place you could lose some members. there are some members that have priorities and taxes they want the salt deduction back in
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place. the new york lawmakers do you lose those lawmakers on the border if the tax issues are not in the one bill. >> that the benefit of doing altogether. no one is going to love every element of the large package like that. there will be enough elements in there to pull everyone along, they will be able to justify not getting all their preferences on some of the big issues because there will be other important pieces to the one piece of legislation. i think keeping it together is how we will get it done. maria: the tax discussion as part of a broad set of meetings, the holding for this week and with the republican lawmakers. the heck cook, great to see you this will be an ongoing conversation. you wonder if you don't have the tax portion of the spending bill in the larger big beautiful bill that president trump wants do you lose the lawmakers and getting the body and to vote for the border money, $100 billion
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in the. >> and needs to be addressed immediately because we look at economic reform and immigration reform. when you look at the economy is about taxes now people are doing everything go day. i have to sit back and say there needs to be reform insult but it can't be all or nothing, this is part of negotiation making sure the people are paying taxes. if you're upset and if you're one of the salt lawmakers like the one in new york. i think you need to go to your local representative and pushback you cannot continue to build on the back of american people, look at your local representatives. the buck stops there. maria: i live in new york and i would love to see help on the state and local tax deduction but at the end of the day i'm feeling maybe we should keep it there to pressure the governor or the mayor to end these incredible taxes in new york. >> it's going to reduce given immigration reform. when we close the border and you're not paying for illegals
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and hotels and imagine the amount of infrastructure and income that will come in your pocket. >> president trump talking for an hour plus taking so many questions from people. he refused to roll out taking greenland or the pit of my canal by military force during the sweeping press conference yesterday. watch this. >> we need them for economic security. the panama canal was built for our military. >> i'm not going to commit to that. it might be we will have to do something. the panama canal is vital to a country. it's been operated by china. china. we need greenland for national security purposes. i've been told that for a long time. people don't know if denmark has any legal right but if they do they should give it up because we needed for national security. the people will vote for independence or to come into the united states. if they did do that i would
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tariff denmark at a very high level. maria: trump threatening serious tariffs against the northern and central neighbors pitching a new name for the gulf of mexico. watch this. >> are you considering military force to annex and inquire. >> no economic force because canada and the united states, that would really be something. we basically protect canada. no right, no right. here's what we have we have a right not to help them with their financial because we owe $36 trillion to create a wire we supporting a country, 200 billion plus a year. our military is at their disposal all of these other things. they should be estate. we will change the name of the gulf of mexico to the gulf of america which has a beautiful
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ring that covers a lot of territory. in mexico has to stop allowing people to poor intercountry will put serious tariffs on mexico and canada because they come to canada too. maria: is not going to let up on this in terms of mexico stopping these people coming into the country. the gulf of america,. >> i love it. >> it was great. >> i think with green then, that is incredibly interesting. as many viewers no denmark is an autonomous zone of greenland, they get $500 million to greenland every single year. what if the u.s. gave $1 billion and we have a similar situation as well, that is an incredibly advantageous geopolitical zone, why not. >> it's amazing. your thoughts. >> the gulf of america. were just getting started. we have a lot coming up let's
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take a short break with markets looking ahead to the jobs data. stocks are higher across the board, the adp number covered at 815 eastern, the december jobs report on friday and the preview right here, asset management chief investment officer will join us to weigh in on all of that. you are watching "mornings with maria" live on fox business. stay with us. ♪
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electronic show in las vegas that failed to meet and enjoy an investor high expectations. the stock is up 162% the last year, futures look like this, take a look were expected of former opening for the broader averages today. the dow industrial 118 the nasdaq is up 70, the s&p higher by 16 and a quarter, yields still elevated, look at where we are in the tenure 4.69% right under 4.7% on the tenure the december ism came in higher-than-expected business is awaiting president-elect trump's returned to the white house in 12 days. but inflation fears still linger, that could force traders to dial back expectation for the federal reserve rate cut agenda this year joining me now chief investment officer, markup install, great to see you, thank you for being here. and of course the federal reserve gave us a real pipit at the end of last year a hawkish cut in december suggesting we
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should not expect a string of rate cuts, what he expected from the fed and markets in 25. >> first off, it's great to be with you again. i will say since the fed first started cutting rates in september it's been extraordinary times with the fixed income market the fed has lowered interest rate by 100 basis points, the reaction within the bond market has really been pushing back against the idea that we need more fed rate cuts, the ten year treasury notes have risen by more than 100 basis points since the fed first started cutting in september. again it's a tricky path forward for the federal reserve and the rise in long-term yields in the interest rate volatility it really tells me that the fed needs to be patient with future rate cuts. again a lot of uncertainty and what the trump administration is going to be able to implement follow-through. equity market in general has
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been taking a glass half-full approach. where the bond market is more worried about the inflationary pressures on the road. maria: when i see these numbers, jumping i'm looking at a potential 4.7% on the tenure doesn't that disrupt equities if we see the rates going higher. >> it does what are the things i've been wrestling with canned stocks rally if you have yields going up. i think the answer is yes. i think that maga matters more than the fed. there is a lot more to like than to fear. i've been buying dips and some days it's uncomfortable but i been buying not only is economy expanded to not only full employment but we are not in the administration this business friendly, lower taxes, strength abroad i think all of that is very appealing. maria: i think that will be a huge deal are all the business from the policies getting priced into the market or do you think once they are implemented
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unchecking the deregulation lower taxes does that help earnings and stocks. >> i think the stock market is so far generally been on the rise since it became pretty probable that trump was going to win the election a few weeks before the election. so far the stock market as been incredibly resilient the u.s. economy and the prospects are very, very good. i think the treasury rate rise is going to have have the evaluation and equity market. if the tenure gets to 5%, that seems like a very full evaluation. i think there will be offsetting forces within the equity markets. your mortgage rate sitting at 6.91% on the 30 year mortgage, this is the highest and/july
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more than one third of homeowners say they will never sell their home according to a recent redfin survey. one of the major issues the supply of homes, where you see the housing market headed. >> i will save you look at the homebuilders index is off 20% since late november, clearly the rate rise is not welcome news for the homebuilders. i think somebody americans have locked-in to low interest rates and lower mortgage rates sort of a hurdle for them to move at this point and sitting above 7% i think there is a limited supply of homes available, i don't see material decline in home prices going forward but the path forward is trickier and for every percentage rise in the mortgage rate i would say that becomes more challenging for a potential new home buyer that is especially true for homebuyers. maria: were getting the adp numbers, the jobs numbers have been weakening when you peel back the onion.
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any surprises that we will see in jobs? >> i don't think so i think it feels as though the job market is moderating and if you look at the supply of labor that seems to be looking for employment and becoming much more so and balanced. 160,000 i think that's the number that the fed can live with and why it should be relatively steady regards to interest-rate policy moving ahead. it's great to have you, thank you, sir. a quick break, president trump sets the stage for his agenda as he reconsiders his reconciliation plan the president-elect meeting with senate republicans in washington to discuss strategy georgia congressman austin scott is here with his thoughts. thousands are evacuating california, the catastrophic situation. were updating were on the three active wildfires underway right now. want to "mornings with maria"
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reconciliation strategy, trump still keeping his options open out the best way to implement his agenda. watch. >> i like one big beautiful bill i always have it always will but if two is more certain it goes a little bit quicker because you can do the immigration stuff early. i'm okay with spending i don't want to see it the fault that's all i want i never talked about spending more money necessarily all they want to see is no default. the debt ceiling is not about raising a lot of money it's about extending it. i want to see an extension. maria: with a razor thin margin lawmakers have told me that they are trying to appease certain lawmakers to get on board and agree to the border money as well as energy permitting and not give up if the salt tax increase is not there, politico reported that the incoming trump administration official is
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planning for extended state and local tax deduction at mar-a-lago this weekend in exchange for the salt republicans to fall in line behind trump's policy agenda. including a sweeping tax bill coming later this year georgia congressman austin scott a member of the house intelligence arm services and agricultural committees, good to see you. thank you so much for being here, where you stand on the debate of one major bill or to. do you think you will be able to rally your new york and california lawmakers into agreeing on the other things that they don't get their way on the salt deduction. >> i think i'll get some expansion of the deduction and the president will meet them this weekend and several of us will be down there to have discussions how we move forward. i think the concept of one big piece of legislation and remember why wouldn't you take the big bullet first and get everything that you can in a
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cleanup bill later on in the year as we can but we don't need to leave major things undone in the first week of legislation especially the tax law. the tax law is the only thing that he cannot do anything about with executive order. border security, energy all those other things he will get that with executive order it is the tax law if that expires at the end of 25 it'll probably send this country into huge recession because of the massive tax increases that come if we don't extend the tax trump cuts. >> the tax extension needs to be done early in the year. newt gingrich told us you need to have that signed into law by july 4 otherwise it's going to impact the midterm elections and you guys will be voted out. right now lindsey graham says the best way to do is put taxes i create is that where you think this is going.
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>> i don't agree with lindsey i respect him but remember this were getting a lot of stuff with executive order on immigration and energy and hopefully the energy takes care of inflation. if the tax law expires end of this year 2025 then we will go into a major recession. remember if we go through all of the tough pieces of legislation we have a very slim margin in the house of representatives. i think it's best for the piece of legislation that will be the vote for us and obviously pre-negotiated between the senate and the president then the senate will be able to take it up. as a business owner i can tell you we need certainty in the tax law before you start pressing into the summer and the fall months of the year because as you have the uncertainty pushing and to january of 26 all of a sudden business owners will have to make decisions based on the assumption that the law is not
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extended. i think jason smith is right in the tax law needs to go first i hope this does not become my way or the highway for certain members of congress because if it becomes that an issue pride over authorship or strategy than the american citizens are going to pay a dear price. maria: were at the same place as we were on sunday when i spoke with mike johnson and lindsey graham that is the house and senate are split on how to execute trump's agenda will see what happens this weekend. let's get your take on what happened yesterday the house possibly can rightly act, 159 democrats voted against this bill. it requires federal immigration authorities to detain illegal migrants or immigrants arrested for theft and allow states to sue the department of homeland security for crimes committed by illegal migrants this bill after georgia nursing student laken riley was murdered by an illegal while the university of
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georgia's campus. pennsylvania democrat senator john fetterman cosponsored the senate version of the bill and he called on his fellow democrats for not backing up. watch this. >> it should be controversial to have a secure border and the numbers are out of control and you can be pro-immigration but we need a secure border and when you have hundreds of thousands of people and our nation here illegally with criminal records and some actively engaging in crime then they all have to go. i'm not sure why that would be controversial to anybody. what do you say 159 democrats voted against this bill. >> my heart goes out to her family i don't understand what they have done over the last four years that the democrats took to our country i-75 echoes to the heart of our district and calls from judges on a regular basis talking about people that they want to detain and turn over to ice but because the
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previous administration or the current administration joe biden would not put detainers on those criminal illegal immigrants they had to turn the back on the street. i don't understand how anybody can be opposed to the piece of legislation that we passed yesterday at they can be passed in the senate. i think senator fetterman is exactly right but there's a fraction of the democratic party that in primary people that are pretty normal are scared of because what they'll do to them in the democratic primary and they demand open borders and you know this as well as anybody they use the term race as an excuse to not do anything against criminal illegal immigrants. maria: that was a press conference yesterday by president trump talking about the subject, the very issue that
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he wants to make sure to hold mexico accountable by not stopping the illegals flowing into america now he is vowing to rename the gulf of mexico the goals of america. marjorie taylor greene drafted legislation to make this happen, trump pledge to acquire greenland the panama canal and vacated at the 51st state, some of this was a joke in terms of candida but what are your thoughts in terms of what president trump said yesterday on the gulf of america and panama and greenland. >> let me start with greenland geographically there is a strategic component that most americans probably have not got a grasp of. it is an important region for us as a country and it's important for global security and the russians in the chinese are increasing the activities in the region of the world. greenland does have strategic importance anything president trump will ultimately want to get to some type of agreement with them where we have a
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relationship that is mutually beneficial than the current one. obviously when you get to the pit of my canal we built and paid for it and we should've never give it away we did and when you look at the transit that goes through their it is obviously a more important geographical area again for commerce in the global trade he's right about looking at the issues and how we get to the resolution of leave that up to the administration. as for the gulf of mexico or america. again i spent some of my best days on the water. i don't think the name is as important of how we'll handle law enforcement in the area there's a tremendous amount of the illegal activity that occurs in the body of water and i think the president is intent on stopping whether the illegal fishing and the cartels illegally fishing or the illegal transit across the golf bringing narcotics and drugs intercountry whether it is called america or
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the gulf of mexico should i care more about the enforcement mechanism making sure the illegal activity is solved. maria: president trump is focused on national security that's what he's focused on the panama canal because china is using the panama canal. this is the number one adversary. great to get your take, thank you, sir. austin scott is in d.c. we'll be right back. [sofi mnemonic] can a personal loan unlock your ambitions? oh yeah. borrow up to a hundred thousand dollars to consolidate bad debt and save money for your next goal. take a swing at your kitchen reno... meant that literally. or design your actual dream wedding. consolidate bad debt and fund all your ambitions with a sofi personal loan. go to sofi.com to view your rate.
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can i have another pancake? from full house... ♪ ...to empty nest... ♪ ...to free birds. ♪ vanguard. we got this. fifty years of helping you invest for every chapter. maria: president-elect trump putting hamas on notice since his incoming middle east envoy, steve wycoff is set to join cease-fire and hostage negotiations and cut her again today. watch.
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>> if those hostages are not back i don't want to hurt your negotiation. if they're not back by the time i get into office all hell will break out in the middle east. it will not be good for hamas and it will not be good frankly for anyone. all hell will break out i don't want to say the word. they should have given them back, they should've never taken them they should've never been the attack of october 7, people forget that. >> hamas leader responded to newsweek claiming this, i believe we can go to an agreement immediately if benjamin netanyahu and his government stop stalling and obstructing the agreement for flimsy reasons. hamas tried to put it all on benjamin netanyahu. your reaction. >> there seven american hostages with hamas we know three of them are dead those body should come up to the families and the remaining hostages should come home alive and unharmed. i'm very much hoping did i know the american people republican democrat independent should be hoping and praying for reagan
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2.0 where the iranian hostages came home to america. the biden administration has funded the terrorism across the globe and i has to stop now. i cannot wait for the next 12 days. maria: when he says all hell will break out in the middle east i am trying to understand where he's going with that. i think a comment like that from donald trump is enough to make the guys question what is he capable of. >> i think we also have to look at what benjamin netanyahu put on the table was strategic operations to get their own hostages out how is that not happen for america we have the greatest military force in the world why have we not looked at the options or other options and put them on the table military force. maria: what do you think about that. >> a tickets military and economic i would not be surprised to see mr. trump put an aircraft carrier right off the coast and start flying to
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drop bombs and starve them completely of all support whatsoever food, water, you don't entirely know what he's capable of doing and therein lies the power mr. trump. people are concerned. his hard to quantify what is he capable of. >> i have to agree resident trump is capable everything you're scared of today and terrorists are scared of today the fact that we continue to fund this war by humanitarian aid that word is not accurate. humanitarian aid is going to hamas and the terrorists operate the banks in the infrastructure in the ngo, we have continued to the biden administration to fund and the reason why this continue to exacerbate is because biden democrats flip-flop yes we support israel, no we don't, now is the time president trump is dead serious, we need to get the agreements were hostages return home. maria: that's why the rest of
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the world and many of the leaders are not sure what to expect you don't know where trump will go a could be an aircraft carrier. it could be economic sanctions it can be anything, you do not know where he's going to go he's unpredictable, that is the issue and that's why he kept her adversaries and check. >> is unpredictable but the goal is the same putting america first in putting our lives first and national economic security, the target has not remained the same he's not going to tell our adversary the strategic place like the biden administration did to set us up for failure. maria: that is the way people see him overseas unpredictable which is a positive. that is what he's doing. >> that is called leverage. maria: it's amazing how much we are talking about in the first or the last few weeks going into the inauguration you have four years of joe biden kamala harris, i feel like what did they do to move the ball forward
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the heritage foundation vice president of national security and foreign policy deputy national security adviser under president trump and the author of the battle for the jewish state how israel and america can win victoria coates back with us, saying question for you what is your reaction to president trump yesterday talking about greenland and the panama canal, doubling down on the issues and refusing to rule out military economic force to acquire those territories. here he is yesterday. watch. >> those hostages are not back. i don't want to hurt you negotiation if they are not back by the time i get into office all hell will break out in the middle east and it will not be good for hamas and it will not be good frankly for anyone. all hell will break out, that's what it is in they should've given them back they should've never taken them they should've never been the attack of octobe. people forget that.
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maria: your reaction? >> as you were discussing the situation with the hostages is dire and the president made a very strong statement early december demanded the return he reiterated that yesterday he had steve wycoff with them in the room giving his personal stamp of approval on going to don't offer these negotiations. that's quickly important that the presidential envoy has that very obvious support on the president. i am hopeful that we can get the americans back and get them all back before the inauguration. there are very disturbing reports that the young woman who was taken from the music festival and created through the streets of gaza that she passed away. time is running out we need to get the back. >> is unbelievable when president trump says things like that i believe it.
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all hell to break out in the middle east. what do you think he means by that? >> i would not want to get in front of the president-elect. i think he puts everything on the table and nothing on the table. very similar. >> with greenland and panama. maria: the panama canal, one of the issues is china. what happened with china and the panama canal. we paid for it and gave it away in china is using it as an important waterway for trade, tell us about that. >> is one of the world's critical trade routes. unlike the red sea which is important to us. panama is crucial is how we moved most of our goods between the atlantic and the pacific. unfortunately china has gotten sweetheart contracts with the government of panama to operate facilities that connect to the canal and also have free economic zones on either side of the canal.
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i don't think that's why the united states taxpayer paid for the construction of what is the wonders of the modern world if you look at the way that the canal functions just to have it be exploited by the common chinese. maria: the pentagon has blacklisted more chinese companies over there ties to the chinese military the new names on the list include we chat owner, costco shipping, sino trans and csc holdings, china international marine containers, callback and battery giant, modular maker wireless solutions and facial recognition business, the commerce department is also considering a new rule to restrict to ban chinese drums in the united states over national security concerns. take note they have not admitted what the heck is going on with the drones that are hovering around new jersey and connecticut and america.
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i believe it's china but we can't get a confirmation out of them what are your thoughts on the pentagon move all the sudden two weeks before president trump comes in biden's agencies are appearing to look tough on china. your thoughts. >> i think so in an interesting group of companies to what were discussing the panama canal like costco the world's largest shipping company and that shows that the national security risk but the one i'm interested is ten sent the world's largest gaming company that operates we chat but fortnite and call of duty. when you think about a game of call of duty which is the wargame essentially what ten sent can do is gather data from various places around the globe and how they react to different military scenarios. this is potentially a lot of fun
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but it's a huge security vulnerability. integrate benefit for the prc as they can run their wargames with willing dupes in the west to see how we might react to different scenarios. maria: do you expect the trump administration to remove the chinese stocks in our exchanges right now. there is a worry on wall street by some analysts that that will be whether the policies out of the trump administration. do you think he will get tough on the stocks that trade in u.s. exchanges? >> he certainly could. i think it should come as a chilling morning if you have these in your pension fund you should take another look at that that these are perhaps not a great investment that china has touted them to be. maria: a great point we don't know the financials. victoria coates joining us this morning on national security. we'll be right back. ives me? no. i can do some research. ya know, that's backed by j.p. morgan's
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maria: welcome back. former president jimmy carter is line and stay at the capitol rotunda ahead of the state funeral tomorrow. cheryl casone with the details. >> president jimmy carter is line and stay at the u.s. capitol after the casket arrived earlier this week. his funeral set to take place tomorrow at the washington
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national cathedral. a national day good morning, the new york stock exchange and the nasdaq will be closed, president carter passed away at the age of 100, he was honored yesterday by vice president harris, senate majority leader john thune and house speaker mike johnson in a bipartisan ceremony they celebrated his faith in military service and his charity work. president biden is set to deliver the eulogy tomorrow. after the funeral he will be returned to his hometown of plains georgia he's going to be buried beside his wife rosalynn who died in 2023. president-elect trumpets wasted no time kickstarting the u.s. economy unveiling a 20 billion-dollar plan to build data centers. the monies going to come from dubai properties that will focus on states like texas, arizona, ohio and michigan, trump saying this. >> they will support massive new data centers across the midwest the sun belt area and to keep america on the cutting edge of
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technology and artificial intelligence he's very big into the data centers. that's can be a hot item in the coming years if a.i. in particular the first phase will be in texas, arizona, 0, louisiana, ohio, illinois, michigan and indiana. >> this is coming as amazon pumping $11 billion into georgia in addition to eating a half-billion they invested since 2010 and they want to expand the infrastructure data centers that creates thousands of engineering and data center jobs. a. then there's black rock the world's largest investment that is considering leaving the net-zero climate coalition amid pushback over the esg investing directive. net-zero is backed by the united nations, requires companies to align investment with 0 carbon goals by 2050 critics say they drive up costs for consumers in
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her american energy dependence. this comes as other major banks morgan, gold entering citigroup and wells fargo have also left the un back climate alliance, there is opponent to this. if you think of the pension funds, texas, florida, they are looking at this investing saying this hurts prophets and and that hurts the pension and the pension holders, and those investments as well. again charlie gasparino reported this about black rock. you know the mega bank alliance seems to be falling apart. maria: it sure is. j.p. morgan the largest american bank told us on tuesday that they were leaving. as you said since december morgan stanley, citigroup, wells fargo have all quit this thing. obviously they were in it to begin with because of pressure from the biden white house.
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>> as we are exiting bad deals, let me tell you what president trump is bringing in foreign money and individuals that are willing to invest. a couple of weeks ago we saw 100 billion from southbank. we are continuing to see investments as people are starting to break apart given the biden administration wreaking havoc on banking regulation as so many busi businesses. maria: the banks are happy about paul atkins. the new security and exchange commission. he's going to get rid of all of the gei and esg policies. thank you for that. let's get to the fires. los angeles county is under a mass evacuation order. three wildfires have tore through the pacific palisades leaving thousands of acres scorched. dozens of homes have been destroyed. "fox weather" meteorologist marissa taurus with an update. >> good morning, truly heartbreaking tragic and terrifying historical we talk about the winds that we have seen since yesterday morning. a forecast that verified and if not over performed.
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the weight just right now being clocked in portions of l.a. county, the highest winds from 81 miles per hour 299 miles per hour in the mountains of l.a. county for prospective 99 mile-per-hour wind gust that's what you find a category 2 hurricane. sustained opposed to gust but regardless imagine fighting fire with hurricane force winds, that's what the fire crews are up against. the palisades fire is the largest fire at this time he continues to rage out of control because of the winds that continue to push it and exaggerate the situation. he ballooned up to 2900 acres but will get an update from cal fire throughout the morning and that number has likely changed. 0% containment, this is the fire that is impacted and prompted evacuation in santa monica as well as malibu where we no and homes have burned and are burning. the smoke from this being picked up by radar and it is continuing to billow.
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it's so scary i think we also don't know the true depth of how serious this is in terms of how many people have been hurt no deaths attributed to the fire at least what i've learned of but as the morning continues we will learn more about what is happening in association with the fires. the hers fire in the eaton fire are the newest fires burning in l.a. county we will continue to monitor the wind should die down but it'll be a tough day. maria: marissa taurus. we'll be right back. the big hour in the 7:00 a.m. ♪
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