tv Mornings With Maria Bartiromo FOX Business January 9, 2025 8:00am-9:00am EST
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i am maria bartiromo. it is thursday, january 9, 8:02 east coast we've got breaking news at least five people dead more than 2000 structured burned to the ground five active devastate the area. >> good morning, maria. what is shocking about this fire is that this is not what you normally associate with a wildfire, we are in a residential neighborhood, in pacific palisades, these are called alphabet streets very highly south after neighborhood, house after-hours burned to the ground. cars burned in drive ways, 2000 structures, burned down according to fire officials no one has been confirmed dead with this fire so far but officials say as people evacuated a lot were injured in this evacuation homes
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chaotic one man said he lost everything. >> mementos subsidiesed decfoed if other places burned down i had stuff stored as backup in case one burns down not the other, well if they go same day you lose all your mementos of life. >> second home burned down in malibu a widespread destruction of the palisades fire confirmed 17200 acres, the eaton fire burning up 10600 acres sheriff's office confirming five people are now dead with that fire, the danger isn't over the winds have been dying down, but fire weather will continue through
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tomorrow. maria: thanks very much max gorden, this story is just extraordinary. firefighters are working around-the-clock butter reportedly running out of water, tens of thousands have need their homes fires could cost estimated 50 billion dollars in damages, president trump is blasting california governor gavin newsom, for his he handling of the wildfires wrought on truth social one of the most beautiful parts united states of america burning to ground ashes gavin newsom should resign, this is all his fault. contradicts slamming newsom for a photo-op at palisades fire in video on your screen, anysome responded, however, to trump's criticism watch this. >> people are literally fleeing people lost lives, kids lost schools. families completely torn asunder churches burned down, this guy wanted to politicize it i have a lot of thoughts i know what i want to say.
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i won't i stood next to president of the united states of america, today, proud to be with joe biden he had backs of every single person in this community did not play politics to try i. >> congressional will take care of the state the governor has not done a good job with that being said i got along well with him when governor worked together very well would work together i guess looks like we are the one having to rebuild it, what happened i don't think is anything that up ever seen quite like it, insurance companies have a big problem big, big dollars. of. >> you know, there is a video going around on instagram, president trump back 2018 showed sound bite earlier basicallying criticizing gavin newsom in 2018 saying they do
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it differently in finland they rate differently, differently policies fine never get any fires, so, once again called it out. >> precedent on issues, gavin newsom talking about playing politics, the reason this happened at least part of the reason is because the city of los angeles and gavin newsom played politics they played politics with fire department cutting budgets, focusing on ukraine focusing on dei focusing gaffe gaffe focusing on smelt fish, other types of things, to prevent water from being available to these people, also, this -- this notion of always being anti-trump when trump if they listened to donald trump in 2018 would probably be a lot less bad of a situation right now, but they will never listen to donald trump even if he is right clearly appears to have been right on both mitigation and is ways to deal with it. maria: convertible as to why they are running out of water.
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lee: it is questionable will. >> ocean. maria: dumping water from canada into pacific seeing ins. mark: to save fish if you want to save fish at what cost that is no water in southern california that is one heck of a cost. lee: i find fascinating donald trump talked about so many issues in different context people mock him the people that believe him, say are conspiracy theoryists, come back wait -- he said that he was right. a lot of -- moments what is he even talking about, he is actually -- >> prescient on these. lee: did he spy criticizing governor of california willing to work with him as much as we talk about how tough donald trump is, all of that, at the end of the day going to do the
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right thing, and, yes, we are going in going to help people of california hearts with these people but we still have to talk about how this happened. maria: we have to, get to origins. lee: 10:30 in the morning middle of the day fire breaks out, in a residential area one of the wealthiest places in our country, and this is the result, it is unbelievable we have to understand how this happened. maria: . >> oversight committee takes up in terms of investigating origins of fires a lot coming up slip in a break president biden is not ruling out, will preemptive pardons for people like liz cheney, or dr. anthony fauci, president trump's response on that coming up first tennessee senator marsha blackburn here with her thoughts on reconciliation meeting this week at mar-a-lago with president trump, and what happened yesterday on capitol hill don't miss it you are watching "mornings with maria"
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. >> we have a great meeting, whether one bill or two bills going to get done one way or the other i think there's a lot of talk about two. and a lot of talk about one it doesn't matter the end result is the same. maria: president-elect trump discussion reconciliations strategies meeting with senate republicans on capitol hill yesterday sources said senate majority leader john thune told trump senate will start with one bill approach they are prepared to switch into two parts should things get bogged down don't envision votes for one bill mike johnson told me he wants one bill containing tax cuts borderer funding energy raising debt ceiling on trump's desk by april latest memorial day day joining me tennessee senator marsha blackburn senator, health veterans affairs committees thank you so much for being
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here you were in that meeting yesterday can you tell us what struck you? how did get. >> there was so much optimism in that room president trump is focused. he is determined pep is committed. he is -- you know what? he showed humor with us, too a great meeting he was very generous with hime and he wants to go big he said we should do all of the above, basically, doesn't matter 23 one bill two bills 10 bills, we've got two bites at reconciliations there is so much we can push forward there. we are going to begin that process indeed, as you know, house that senate republicans have been working on reconciliations tax policy since last september. and we are ready to move forward. we know how we want to proceed we are looking forward to working with the house, the
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point is the american people are in patient for change this administration is aggressive in their approach, thank goodness. and we are ready to go to work you are going to see us working five days a week, here in d.c.. pushing legislation, through committee to the floor, making certain that we reconcile house and senate differences pushing to it president trump's desk for his signature >> do you feel like the new york and california lawmakers are trying to have told rest of congress hostage because insisting on salt deduction cadsey graham told me sunday, watch this. >> if we don't put border first, get it done, it is gonna be, a nightmare for our national security. to the tax-cut wing of the party, i am with you but if you hold border security hostage to get tax cuts, you are playing russian roulette
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with our national security i am saying that as we negotiate tax cuts, they are tax-cutting people i am one that won't vote for border until they get all taxes i am not a big fan of the salt deduction i live in south carolina where we have low taxes, why should people in south carolina subsidize california and new york. >> senator where did trump come out on that yesterday. >> he did not mention the salt deductions specifically but what people in high tax states need to realize, is that once the salt deduction went away what you have seen is states have begun to reduce this amount of state the income tax that they are taking from people, they are reducing what they are taking in user fees and use taxes, so the lesson
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yes, indeed, you can run state lowering taxes which will increase revenues, and states are beginning to do that. so why would we change course at this point? that makes no consensus. maria: a great point. because you want the pressure on those officials governor and mayor of the towns talking about new york or california, so they understand the pressure and start lowering the taxes, i live in new york i don't want it lifted i want there pressure so cut taxes to attorney general merrick garland, said that he will publicly reefs special counsel submitting's report on 2020 election interference case against trump after court gives him green light to do so did not he release will not rooefdz volume um two covering classified documents, president trump saying not the ruling out preemptive pardons for liz cheney, dr. anthony
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fauci, he said he still is weighing whether or not to issue a preemptive pardon to both of these people among others trump slammed this, yesterday, watch. >> -- said that we have more of important things to talk about liz cheney was lost in republican party as you know, biggest margin in the history of politician running for congress, she lost by 42 points nobody no ever lost like that i have i don't care about liz cheney i care about these people. >> why would joe biden want to issue a preemptive pardon to liz cheney? did she break the law? >> what we are learning from this, as obviously, the biden administration thinks that these individuals that would we given will preemptive pardons broke the law, in some way. so they are going to cover them before they exit the
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white house. i think the other thing is we've all heard that biden is having a lot of trouble raising money for the biden library, so now he is trying to mollify the left wing of the democrat party we've all watched, this party is in complete, total disarray, and what we've all seen, is that they have learned absolutely flowing from the november election, and people in this country are tired two of tiers of justice and looking at these preemptive pardons and saying "well, i guess our instincts our suppositioningss were correct these people were breaking the law going after donald j. trump". >> biden library what about china did not china fund his institution. >> yes indeed we all know that if assumption has been that
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joe biden was compromised in some way, shape or form, by biden incorporated the relationships they had there and this is all you know people look at the pictures that have come out. >> o yeah. >> of biden and son and saying, wait a minute, you denied every bit of this lied now we see the proof after the fact the american people are saying well, i gus we were pretty smart we were right about this we figured it out knew you were lying to us, and no -- we've had it. >> on the right side all the way, hard to get through the media walls out there mainstream media refuses to touch it at all i got to move to social media, because met avenue said ending censorship efforts, third party fact-checking program in united states say they are moving to community notes like you see on x, you worked so
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hard on social media, with rarl impact on children, and impact with censorship that has been going on. >> yes, indeed,, i know. under censorship issue, i want to say to mark zuckerberg if he has -- trumped on red bill by all means, call my office today let's look at the issue with censorship, let's look at the issue of protecting children online, again, if he is chomping on that red bill if he has been converted if he wanted to talk how we protect people in the virtual space give them able to do to protect their virtual you give me a call i would love to have a conversation >> we will leave it there great to see you this morning. thanks very much. >> you got it. maria: a marsha blackburn joining us stay with us.
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danger, take a look at this video on your screen, of that neighbor joining me now is cardel and capital cardone training technology ceo private equity fund mag real estate investor grant cardon our support goes out to you, what can you tell us has there been severe damage to your home? >> yeah there has been severe damage we were one of the last homes standing that is on carbon beach, some of the most prestigious beaches in the country. for years, maria, the government local government and the state government with help of the oppression of the coastal commission has disloud prevented because of regulations, development along that coast. and this has been a tinder box for years i lived there 35 years in that area, and for years i have said this is a tinderbox waiting to go off, the night before the fires broke out, i stated in a
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public audience here in miami that if the fires jumped the road literally the entire beachfront would be burned up there is hundreds of billions of dollars, damage across california would have been prevented if california actually had its priorities correct, newsom should resign himself, or the california people should evict him from office immediately. maria: tell me what specific policies did he put in place, that you say could have he prevented this. >> well one priorities are screwed-up a corrupted government depends on federal government under emergency situations make more in emergencies than they do by just budgeting you know planning out budgets so number one should be -- don't want to because they don't want to displace rodents, number two water issue high pressure going to defend say plenty of
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water, if they did not spend 12 billion dollars on high speed rails going to vegas or basically nowhere, you would have that money to one very he electrical pressure to all hydrants, it happened to national level too, a mismanagement of priorities. state of california for the last 25 years is more interested in freak fringe groups agendas than the population of california. and at some point people of california maybe this is going to be it the people of california finally have had enough, and start voting conservative common sense politicians of businesspeople into government to manage their budget. maria: this is exactly what president trump said yesterday, he is blasting gavin newsom for handling of apocalyptic wild fires wrote on truth social newsom refused to sign the water restoration decoration before him would have allowed millions of
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gallons of water from excess rain snowmelt from north to flow advantageously into many marts of california to protect essential work with fish called a smelt fish giving it less water it did not work but did not care about people of california. newsom's press confidence denying existence of water restoration document claiming that it is pure if i can shurn. >> they cut budget this year inual of 2024 gavin newsom had a news conference bragging about that they were ready july past year, that they were ready and number two they cut the budget cut the budget to fire department you can't tell me -- elon musk is attempting to go to mars we can't get pressure and water to a hydrant. we have plentiful water on the pacific, there is end heless amounts of water right there available. and they cut the budgets on
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fire department, this is not a new problem, by the way, they are going to try to make this out a climate warming agenda. for 35 years you have santa ana winds, low humidities fires in california hundreds of them this was mismanagement a lack of priorities, the government trying to handle fringe group and support wired agendas rather than things that really concern california people. "fox business" confirmed that los angeles mayor karen bass the majority of the l.a. city council did cut more than 17 million dollars, from the l.a. fire department, in 2024. and 2025 budget why cut the fire budget? >> uh look, they bring in 220-billion-dollar a year. in revenue they spend less than two billion dollars on the fire budget, you tell me why. okay if that is not where intentions are agenda is my
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priority is not this they will spend the entire revenue of the state of california will be spent on this one fire. they are going to tap federal government, and -- all i can say if i had a leader doing this in one of my companies i would say either incompetent, or he intentionally wants to hurt the state. >> unbelievable. >> the i thinks is are terrible intention is terrible we left over 13 years ago moved to florida the priorities are always incorrect like, the coastal commission stops any kind of development looks oppressive group -- for regulation development, in -- along the whole coastline from cabo san lucas to seattle. >> the l.a. fire chief, warned the mayor apparently last month that the 17 million cuts would severely limit the
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department expect as to prepare for, train for respond to large scale mergesr emergencies including wild fired, just extraordinary. you are in florida watching what is happening with your home, i know, your continuing trying to have business as usual much as you can, given the circumstances. you just lost the first ever bitcoin real estate fund, on florida's space coast tell us about that. >> yes, so what we did, hard to moveoff malibu story so big to damaging so many people impacted. >> church was watdering place down to keep for the truth of the matter burning to the ground, regarding what we are doing with real estate bitcoin, on the space coast we basically took a piece of reobligate under replacement to take advantage of the correction in market that we have right now, combining bitcoin, taking most stable asset class there is multifamily apartments cash
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flows paid cash for asset combined with bitcoin, and we will take a property that would do 5 or 6% cash flow turn it potential to be 30, 35% maybe 40% annualized we will take stability of the real estate volatility of the bitcoin basically take the best of two asset classes. old and new, combine them, and our investors are super, super excited about that. >> do you think bitcoin are you in the camp that it goes much higher we've got one guest on many times talking about 250,000 dollars for bitcoin end of next year. >> end of this year i think 250 this year maybe exceeds that, and i think we've exceeded a million dollars within four years, this would do, creating a product bitcoin, and real estate exists together would bring people into the bitcoin
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environment, by the way, that are conservative investors, we're going to do 10 funds by march take public to the marketplace i think unbelievably creative product that will be great for america and investors. >> we are praying for you all the people in harm's way this morning you made a good point you think after all said and done people are going to vote the democrats out in california, i don't know about that, but that is what you think. >> get fired up just vote them out only thing that can happen probably two, about when california people fed up enough. >> thank you, we'll be right back. stay with us. ruri: ichi, ni, san, shi... (1,2,3,4 . . ) ruri: ichi, ni, san, shi... (1,2,3,4 . . ) hina: ichi, ni, san, shi... (1,2,3,4 . . ) akari: ichi, ni, san, shi... (1,2,3,4 . . ) others: ichi, ni, san, shi... (1,2,3,4 . . )
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morning markets closed in observance cheryl casone. cheryl: that is right, maria, president cartel's funeral this morning 12u6 a.m. eastern time national cathedral washington, d.c., bringing all five living presidents, to honor america's 39th president joe biden will give eulogy, after funeral will return to plains georgia, died in 2023 stay with "fox business" for live coverage 9:30 a.m. owner. >> a deal has been struck between u.s. dockworkers shipping companies in bitter negotiations avert aing a strike could have paralyzed ports, 62% pay raise both saying will protect concurrent jobs allowing modernization technology, follow three-day strike last year disrupted key trade problems, new york,
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new jersey are theification needed for mow dockworkers keep working under the current contract. >> devastating losses from multiple wildfires there some high profile names multimillion-dollar properties destroyed par wisconsin hilton 8.4 million dollar estate in malibu burn haved down, pacific palisades billy crystal john goodman heidi, spencer pratt, anthony hopkins lost 40 million dollars homes over 2000 structures across los angeles county damaged or destroyed sun coming up now. maria: p president-elect trump slamming biden administration for last minute decision to permanently ban offshore oil and gas drilling in most u.s. federal coastal waters.
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>> 625 million acres field like whole ocean. and that is our strength you know the thing we have, we have oil and gas more than anybody in the world. we could have more of it, too, but they took away 625 billion acres offshore drilling, nobody else does that, have it revoked day one. >> the white house writing in statement quote president biden has determined that if environmental economic risks harms would result from drilling in areas outweigh limited fossil fuels resource potential with continental resource chairman harold hamm a top 10 independent oil producer in united states thank you so much for being here i want you to first respond to what biden said, in response to trump saying that
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it doesn't matter that he wants to drill that it is not going to make up for the loss and the impact to the environment, fossil fuel your reaction. >> thank you first of all always a pleasure to be with you, maria. that shows how little that biden knows about the exploration and development process, they know very little about it don't know anything about it, so to tell the truth i mean had a war against oil and gas you know, for all of his existence thank god leadership coming in that know how to accelerate in this country we don't want to buy
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all oil from venezuela, maduro every time we need more oil like he did, certainly -- another case he knows nothing about the subject. maria: look alaska is suing biden administration, over restrictions that it imposed on oil and gas lesions in arctic last month those were set for auction this week white house announced sale would cover smallest possible acreage loud under trump-era 2017 tax reform package loufrz at least two oil drilling least sales it is 400,000 acres would make any economic development operable ambassadorship any administration could put kibosh on any industry isn't that what what biden administration has done to oil and gas sector? >> well, certainly is. i mean, tried o sequelch it every way possible talks harm
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to environment yet put a pause on lng lowered emissions 40% in the past 20 years, and certainly, i mean, this this -- they don't know where they are coming from, you know for the first time ever, in the gulf of mexico last year not one single lease given. or any lease, leases put out that potato would allow to go forward not just alaska, but all over. >> is that enough the executive orders you are expecting from president trump reportedly preparing executive orders president trp will sign day one i know you are at inauguration it is that day trump is going to be signing these eo's do you have any
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sense what is most important in terms of executive orders that want to see townlock capacity in your sector? >> well, frankly, he is well prepared he is -- ready to roll back all things that biden did. one of the first ones as you remember you know took all federal lands off the payroll, you know, and when he came into office. certainly that did not work it run inflation, out the roof, you know, all those bad things. we all recall. so, yes,, he is very well prepared to do that, take action you know here and abroad, to ready the field for energy exploration again yes, he is well, well organized and well set to do that. >> harold what do you think is practical? you know how much energy
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capacity do you think can be unlocked in the coming two years? what will that mean for economic growth in your view access it. absolutely, you talk infrastructure, you know all those things, that -- that president trump talks about, it is absolutely correct, pipeline you know all things that is needed, lng terminals, you name it. there is going to be a -- a great deal of infrastructure. so that is needed and will be unleased he is right, you know we're blessed in america to have a great deal of both oil and gas, more than anybody else i said a long time ago proven to be right we one leech with oil drilling, have as about an great boon to this country, and going to be there, we need to take care of it, it is there, and --
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certainly can be done economically, also, without any harm to the environment at all. in fact, it is helping not only us but everybody around the world importing clean burning lng from this country, so natural gas, our allies the needed it we save europe you remember when russia came off a lot of great things have come from it, a lot of great things will come from it in the future. maria: all right. we will leave it there harold great work on your hart we will be watching with how things change in coming years thank you, sir. . >> thank you. >> harold hamm good to see you. we'll be right back. (♪) car, this isn't the way home. that's right james, it isn't.
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xfinity. made for gaming. rewards members, get early access to an ea sports fc25 kit. visit xfinity.com/rewards. >> welcome back consumer watchdogs revealing how much biden green agenda is racking up costs for homeowners jeff flock in upton park opinions this morning. >> good morning from the kitchen, new standards efficiency they say perhaps to save planet but costs are high. take a look at this lawsuit just now filed last week, by the attorneys general 15 states wells national
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homebuilders association, they have taken issue with the biden plan to have compliance with the 2021 international energy conservation code for any home financed with government money quote from nahb compliance with 2021 energy skvks code he could add 22,000 dollars to price of a new home in practice bluders estimate could be more like 31,000 dollars, alliance for consumers, separately, has come up with a breakdown of what each individual appliance would go up in price, as a result of new standards, air-conditioners up maybe 1,000 dollars, water hatters almost 3,000. >> the cost is a big factor heat bills this winter, expected to rise to about 9 -- up 941 dollars up 8%
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electricity bills expected to be up about 15%, you know interesting new standards would reduce costs monthly costs for energy, but the up-front costs of complying would drive a lot of people perhaps out of the home market or out of the ability to afford a appliance, yeah. tough one maria: jeff, president trump says he is going to try to fix this going to try to support gas stoves one issue you are referring to right now that is behind you -- >> i got a gas stove behind me in my kitchen i like it very much they say a little bit about air quality as well as saving environment they've been around a long time. >> how is your electric he stove powered by solar in seattle doing? probably not all that well, make housing affordable again,
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should be another key policy initiative, housing fortunatelyr affordability near all-time low, 7.31% housing rights high now layering on additional costs natural gas way to go nuclear long term way. >> i am not buying that all these things are so detrimental, banning of stoves the fact lawmakers are focusing on that. lee: you have people who've these to replace them it is ridiculous, and like you said before just like you are more likely to have a fire from about those electric stove than gas stove. >> can't tell if on half the time a piece of paper sitting there an ignite easily. jonathan: during campaign kamala harris talking about
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wanting to lower price to build new homes everything they do makes things more expensive with whether 10 million illegal migrants somewhere to live you wonder to your point of why is this -- you know focusing on such small ball stuff? it is bizarre when far more important things to be done. maria: kamala harris did not have an answer for inflation. she did not even have an answer for how you rein it in how we got there, so i mean -- i understand what you are saying, let's take a short break come right back you are watching "mornings with maria" live on "fox business" stay with us.
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maria: welcome back. let's get some final thoughts from this esteemed panel. markets are closed today because of the funeral of president jimmy carter. fox business will be showing you the funeral live as it takes place beginning at 9:30 a.m. eastern. >> well, prayers for everyone in california affected by these fires. hopefully, they can do something today, immediately, as soon as possible, to to begin to contain these things. it's just devastating. maria: sure is. lee. >> it's absolutely devastating. our thoughts and prayers with all of the people who are suffering if this. but we have to look at the root causes on how this happened. and one of the the things we really have to look at is how do we protect our people first, make sure our people are safe. maria: all right. final words. jonathan, lee and mark, thank you. "varney & company" picks it up next. stu, take it away.
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