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you get the sauce i like? of course! you're the man! i wish. the future isn't scary. not investing in it is. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com . maria: good movend morning thank you for joining us. i hope a food morning. i am maria bartiromo monday,

january 13, it is 8:01 east coast, breaking news this morning, the death totaling has risen flooest 4 dead in california more than a dozen others unantibioticed for devastating wildfires burn in los angeles county, fiery crews focused on preventing further destruction, ahead of dangerous new winds forecast for this week, beginning tonight, "fox business" max gorden from pacific palisades this morning with the very latest max. >> hey, maria. , the scope of devastation is absolutely incredible it is tough to see in darkness right now literally block after block is destroyed, just like this one, forecasters wash of more high you destructive winds could spread the flames, pds calling it i particularly dangerous situation, with winds between 45 to 70 miles per hour, santa ana winds that initially quaffed fires aren't

as strong as we saw last week but still it is very, very dry, more santa ana winds is simply not what firefighters need right now. meanwhile, firefighters have been able to get somewhat of a handle on palisades fire containment up to 1% that is ab marked improvement as lines continue to grow around the fire, but they've been hampered by drones in instances, 48 encounters with civilianed flying drones over the fire areas, that had ground aircraft one situation, a super super hit by a drone out of the fight until alleviate today hoping to get in air after repairs looting also an issue, more than three dozen arrests made inside fire zones eaton fire as well as the palisades fire, some people arrested because they had burglary tools on them others in the act, but a

curfew in place between 6:00 pm and 6:00 a.m. heavy law enforcement presence all around the fire line national guard has been on scene so trying to keep this area, really clamped down folks, likely not going to be able to get back to their homes, until thursday, that is after the wind event, firefighters hoping for best everyone down here he hoping for the best hoping that this latest santa ana wind event does not further spread flames but, again, it could, and we could see fire activist in days ahead. maria: thanks very much max gorden on the grounds more than 30 arrested for looting or curfew violations evacuation areas, one even reportedly seen dressed like a firefighter, these men that we're showing you just four of 10 superintendents charging with wirg reliesing going to be near smam residents in woodland hills detained a man biking around, holding a blowtorch, ice sources told

fox is illegal migrant from mexico, gatestone tight senior fellow gordon chang joined me in june 2023 raised potential of outside ag tightors, chinese nationals in united states. >> there are certain chinese coming in disturbing, packs of chinese males military age unattached to groups pretending not to speaker english sabtiers i think we are going to see acts of sabbiden administration may go no attention. cheryl: i was looking into that video, doing follow-up on video you showed again you

know, they arrested him on felony probation violation he had been on parole for felony this individual good samaritan stopped he said i am using flamethrower to smoke mar wina policies of california led to this, this is spog "the wall street journal" is calling out this morning, talking about, you know if you want to place blame go for cause you know, then go to the failed environmental policies restrictions you mentioned that animals not able to graze the water situation, the misguided, deforestation they don't do, all things, at the end of the day, the -- the homeless situation as well, i was looking at another statistic l.a. times early 2021, 24 fires on average breaking out everyday. and one of the city's have also encampments los angeles.

>> people lost everything homes burnt to the ground, so attributes turning angry toward the leadership, and failed policies, california governor gavin newsom passing the blame on local leaders even his own team. here he is object the podcast this weekend. >> i am governor california want to know answer i've got that answer i can't tell you how many people with a happened on my object team saying what happened i want thence can't even get straight answers. >> can get answers karen bass downplaying the ingredients between california democrats and president trump, but of course he former california congressman he devin nunes broke it down laid out foiled policies that got us here watch this. >> pretty simple, swatters,

grazing, lobbying those industries have all been hampered agriculture, down in, land because of lack of water this means when farms don't get water guess what l.a. basin also doesn't get water building out adding people homes in los angeles basin if you don't have "abundant supply rationing water people building homes not putting in green areas not building fire breaks if you run farmers and ranchers out of state of california guess what? you don't have animals to sit there and graze a combination of -- of the proper land management, would solve all of this problem. now -- what is going to happen? they are going to just like of this done last 20 years california going to run to federal government, and going to ask for money, and i think this time hopefully i think president trump and republicans in congress will say look. we're not going to keep doing the same thing again, so california is going to need a

lot of money. maria: that is the point, they are going to federal government now this is president trump's issue. it will be in a week, foxing corporation made a one million dollar donation to the red cross california wildfires relief efforts help by visiting godot pox red cross or can verying qr code on your screen, liz when california goes to president trump congress needing more money here in likely going to get an answer yes sure, we will allocating more money with pivot change in policy you heard devin nunes lay it out nobody knows farming in california better than him, in terms of lawmakers. and they want to see a change in policy, . liz: rightly so remember fires come to california every single year, this is not a one-off. and the -- leadership of california, particularly gavin

newsom, is absolutely adamant this is result of climate change if that is true, it is not going to change anytime soon, where is the mitigation where are the prevention measures? they actually passed a law, proposition 1, 10 years ago called for building rez vorz not a single reservoir has been built curriculums gavin newsom proudly announcing dams are being torn down all stupid policy i don't know why american today, should be on the hook for wrong headed policies in blue states in general in particular in california, this is really wrong. gavin newsom tried to duck responsibility here which is abhorrent the truth is it is he and his fellow legislators in california, responsible for this disaster. >> i think president trump has huge opportunity to go in and -- and be helpful, and also,

change policy. in california. i mean gavin newsom, since president trump was reelected, has been saying, we want a trump proof maybe fireproof california instead of trump proofing california. we are getting started this hour a big hour coming up stay with us president trump told lawmakers to get to work on potentially raising the salt tax deduction talks about that mike lawler from new york gave a sense where he wants that number, ronny jackson is here with reaction, don't miss that. you are watching "mornings with maria" live on "fox business". no matter how ambitious. bank with sofi to score a higher apy and an epic welcome bonus. (vo) weight loss. for so long, i felt stuck. but zepbound means change. zepbound is for adults with obesity, to help lose weight and keep it off. activating 2 naturally occurring hormone

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. >> here is reality, if we don't pass a tax bill, the cap on salt expires a completely we go back to unlimited the problem is that it would be -- associated with the largest tax increase in american history, the rates would go up alternative minimum tax would come back, so there is reason for all of us to negotiate in

good faith, the fact is that, you know, if you lift it to say 60,000 dollars, for an individual, it covers most everybody. so we're working through this. >> cap 10,000 right now what is your number what is your gut say. >> i introduced legislation to lift it to 100,000 per individuals, 200,000 for married couples, we will work through this negotiations with president our leadership, and come up with a number, that works as part of the overall tax bill. >> new york congressman mike lawler on salt tax deduction on "sunday morning futures" told me president trump sports raising salt tacks during meeting in mar-a-lago told lawmakers negotiate a fair non we are seeing, what that means, meanwhile, 11 democrat senators sent a letter to

majority leader john thune senate finance committee cramer mike crapo, joining me texas congressman ronny jackson member how is armies severs foreign affairs, gop doctors caucus former white house physician great to see you this morning. thanks for being here. >> thanks, maria, appreciate you having me. mike lawler told me yesterday he will not vote why on -- tax extensions unless a salt tax deduction increased is in that bill. your thoughts? >> well, i think in a position to negotiate unfortunately i mean we can't do anything with one seat majority we are trying to use reconciliation to get some items on trump agenda legislate codify them if going to do that we have to have ever single vote including members in new york new jersey, california. that have been talking about the salt issue for a long time now. in a position to negotiate on this, i am in palm beach right

now here last few days i haven't been part of the -- here for meetings i was in congress when president trump -- working on transition issues i am responsible for, but i was there last few days talking to all members that are coming out of the meeting talked to president trump about it, and i think the meetings went really, really well, i think everybody is really positive about where we are headed right now i am obviously, not in favor of raising the cap, very much, not to raise it at all but like i said going to make demands that we all have to give a little bit i am willing to give a little bit a hundred thousand dollars i think individually unreasonable i is 10,000 now we have to find that number president trump is to do find the number maria: telling us i don't think a shot that it is lifted to 60,000 but maybe 20,000 i don't know we will wait to see how you can get offsets for

that, now you've got the issue of california wildfires, this emergency in face of plans for reconciliation bill, 150 billion dollars already cross -- cost has this been a conversation with the upcoming march 14 government deadline when you would include money for -- you know, the debt the debt limit as well as perhaps money for california? >> i think that is going to have to happen soon obviously, looking at damage going on in california, but talked about has to be in conjunction with some he reforms california has not been willing to make on the waying they regulate their water things of that nature forced management other things things that led to fire dant just zufrp money into a broken system, poorly managed system california absolutely is across the board led to a lot

of damages because they weren't prepped they wasted taxpayer dollars on all kinds of crazy woke agenda items green energy have not really focused on what keeps their state safe we have to help there but expect some reforms, we are going to try to find some pay-fors, make cuts but going into a congress where, one of our biagendas cut government spend being things like this happen you have to provide money for it. maria: devin nunes went through the policy failures in california. and it makes sense, that lawmakers would force policy change before the money. we will see. where that goes congressman i want your thoughts on health of brave firefighters facing mental health struggles long term impact from breathing smoke, a team of firefighters to help out here is what a former l.a. fighter told fox

news. >> they let you go because you wouldn't get -- >> good evening yess there was quite a bit terminated at this point, you know originally back in december 21, there 1w5s 62 put -- 126 put off concession as he got 1.89 billion dollars covid relief funds where that is all that money gone it is fund-raising to understand why our water systems why is department of water and power you know saying that the reservoirs can't handle this? can't refill it? >> congressman what sheer ineptitude first forced so many firefighters to leave the forest because they did not get the covid shot. now they need firefighters, and, you know, we're seeing this smoke in the air. and dangerous conditions. should people be concerned about air quality? >> absolutely, they should, firefighters they have right

equipment should be protected from most of that that is their job, but i, suspect california was not provided equipment they need we knee in los angeles going arrange they made massive cuts to the fire department some equipment they can have, gavin newsom cut money that has gone through fire prevention programs you are right same problem in military right now where they went in just, summarily got rid of everybody fired people based on unwillingness to get covid vaccine, now literally may go a price for it right now. maria: quick, you are a doctor we see president biden basically, you know, blowing up the place on his way out, he is you know putting 625 miles of offshore drilling off the grid, selling border wall materials for cents on the dollar. is he making these decisions or who do you think is making these decisions because we've talked about mental capacity issues with joe biden, with

all these decisions on his way out you what do you think is going on? >> i think interest people making the decisions for the last four years that hasn't been president biden predominantly it is young purple head progressive woke people walking around, just drunk on power the authority they've working there tan advantage having commander in chief a head of say it completely incompetent, unable to do it himself, they've done a lot of damage to our country. >> unbelievable congressman great to see you. thanks very much. thanks, maria,. dr. ronny jackson. we'll be right back. .

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for millions of families, like my own. connectivity is a big part of my boys' lives. it brings people together in meaningful ways. ♪ ♪ agitators. u . maria: welcome back. markets are lower, as interest rates spike take a look the dow industrials off the lows of the morning but, nonetheless, negative, down 43 on dow the nasdaq also off the worst levels negative by 191. lower on nasdaq, s&p 500 down 35, right now, this as interest rates are spiking look at 10-year treasury yield this morning here, too, off the highs of the morning, but still up, to 4.76%, on 10-year also a three major indices double-digit gains 2024 as you

see very strong last year but this year has started off in a volatile way for sure. talking about it now with federated hermes chief investment officer of equities thank you for being here you've been more bullish raising outlook for 2025 and 2026 do the spike in interest rates concern you? that you are going to have to look at this again, as -- as you are talking about, 4. % on 10-year right now. >> have you know we're expected -- forecast -- 500 two years down we think fundamentals pretty good between trump agenda very pro-growth supply-side business et cetera, also, probably longer term disinflationary, near-term i think arriving could add apiece every year talking about, with for being aed

riefksz downside sometimes skewed to downside, we are headed for much more volatile year what is interesting probably most upside risks are more back half intermediate terms i.e., quicker implementation trump agenda growth, et cetera. even the disinflationary elements of deregulation policies, on the other hand the near-term risks i think are more to the downside particularly if this the ones we saw possibility of a mistrust moment but idea that the 10-year breaks above 5 that can happen bond vigilantes following guns the fed doesn't really -- credibility to lurch policy thish backward-looking now

looking at trump agenda calling it inflationary, ridiculous. >>. maria: it is antiinflationary growth doesn't have to be inflationary but i want to talk about fundamentals a lot of fundamental signs this week beginning of the fourth quarter earnings with major banks reporting earnings, i am worried you are going to see you bond portfolios have major problems with this spike in interest rates, i worn what that tells is about bank earnings what guidance will be for 2025, with spike in rates, of course, the other fundamental issue, is inflation, that is a consumer price index out wednesday, also, expected to be up again your thoughts on earnings he and inflation? >> we think bank earnings going to be more forward guidance probably a little bit muted because some guidance is around deregulation, we saw barr resign head of the fed -- regulatory body very important

for the banks i think probably, reluctant probably not too aggressive probably this could be last year, of losses reservations peaking i think balanced i don't see what you are saying -- the big spike in rates, that occurred first time around, i know two years ago in 22 fed too late getting going could alarm banks they were long bonds thought rates going up forever turned out not the case i guess you are not going to see that problem this time around, so the earnings will be okay, guidance muted, we are still pretty positive big beneficiaries of trump's agenda more in back half of the year on cpi, look, you

know, it is somewhere grinding higher looks like, kind of heading towards a core rate around 3. we would say probably back up a year again drop 2 1/2 i think fed target, so cpi numbers won't be great i don't think there is markets any more than already frankly. >> president-elect trump nominee for capital economic advisories chairman making case for higher tariff threat describing a tool to address long standing global tensions against the nation economic and military support mike lee in mike, we said all along, that president trump's thoughts on tariffs using it as an opportunity to get leverage. to actually make change from some of our adversaries. your thoughts. michael: even goes beyond that because with every when

you implement a tariff like pushing one lever others coming off trump 1.0, tariffs were i know, the devil reinkarn it's aed worst thing could happen there was no negative effects other than manufacturing booming in this country, so, given the complexity how tariffs are part of overall strategy, my thoughts is that this is much ado about nothing but to say going to be a massive negative, like we hear every single day, in multiple ph.ds is you extraordinarily disingenuous it, it did not happen first time, i can't magic affected necessarily how can you drew that conclusion knowing it didn't happen last time. maria: president trump has been clear wants reciprocal trade if charging us wants to charge them, but he is also looking at national security,

through the lens of how can i get change make change through economic levers? as relates to national security? >> yeah i mean wants to get level-playing field we haven't had for years my point ties in near-term risk downsize, if how works out for trump not going to prove nearly as inflationary, as all these you know keynesian, arguably -- protracting along with the fed, so you know near-term, another reason for the bond vigilantes to have a heart with attack rates above 5 if that hatches you could see markets pull back 5% object top 56 we already had for sure. maria: okay. >> going through -- equities. maria: so you would be you would be a buyer on 5% sell-off? >> from here, yes, i would be

-- we got cash on sidelines for that, maria,. we would be back being up the votes. >> great to see you quick break president trump takes office in one week presence physicality by neighbor north, ministry of foreign affairs here on justin trudeau positives resignation trump's terror threat if canada really could become the 51st state you are watching "mornings with maria" live on "fox business" stay with us. .

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center with more. good morning. >> good morning, big show is all about helping are retailers level up using artificial intelligence if. and how a.i. can help create efficiencies and personization for consumer i am going to play ping-pong, ping-pong is like artificial intelligence, in the sense that every time the ball hits table that is a data even if it is being captured by a camera and commentary about insights recorded live, an ai retail exert with ibm up by one point as you can see, call four, ready. >> i am ready. >> so you should be seeing on -- going to measure all strokes then spit out improvements that needed to be

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in real time so they can serve customers better great experience for employees drive more sales in profits. >> retailers using this retailers, yes around the world thousands are using this. >> amazing this is future retail back to you. maria: i love it that was great. thank you so much, you can see -- the range of stuff that can be possible. >> you are good at ping-pong, lauren simonetti. >> outgoing prime minister justin trudeau responding to president-elect push to make canada 51t state warning country has countertariffs prepared if trump he imposes his. >> 51st state not going to happen a none starter perhaps idea of a 51st state distracting from a real

question will cost-of-living for americans we are ready to respond with tariffs if necessary. >> former canadian miniature of foreign affairs john baird thanks very much for being here. your reaction. >> you know, it is in canada, in my lifetime almost 10 years almost always get boost --, the the president i think better days ahead for canada and u.s. relationship. >> policy isn't it true voters rejected the very extreme left policies and would like to see change? will that happen? >> extreme, woke, extreme -- elitist policies, conservative policy leading by 20, 25, 27 points, a great partner for united states. he believes in open markets, macro economic policy securing border, and ensuring that we

tackle crime we will have a great partner as will the rest of the world when government changes following next election. >> are you expecting conservative leadership to win? >> yeah. as i said we, parliament shut down until march 24 new prime minister when parliament reconvenes i suspect we will go to early election can't happen soon enough for us we need to really, boost economic growth, and deal with challenges that concerns that president trump has. maria: really, really interesting thing that is happening not just in canada but throughout europe as well. c conservative leadership is taking over, and voters are recognizing that the liberal policies have hurt them. >> yeah, maintain canada economic growth per capita has not risen in nine years extraordinarily, almost in tandem with economic growth in the united states, you know a

growing booming economy with 41 million consumers can help boost economic growth in united states make both countries boom, canada has to step up defense defending step up protecting border from illegal migrants and from drugs, president trump has got attention of canadian, had no idea problem -- going into the u.s. from canada was a problem we will obviously, clamp down on that in a big way and illegal border conflagrations minuscule paired to mexico. liz: good morning one thing intriguing me about relationship with canada right now absolute blast of advertising, from ontario and alberta, coming into u.s. tv, i am wondering whether trying to reinsure americans we have got a economic ties in canada or specific policies province

are hoping to achieve. >> -- ready to respond to trump's concerns advertising campaign is -- to biden people paper, canada united states built whether the -- defending border free trade agreement renegotiated by president trump sacrifices world war i, and ii, canada lost a lot of soldiers in afghanistan only country to bomb syria, and iraq, isis targets mulroney did a great example taking paper to new level, american economy boom for years after that. maria: a great point all around good to have you this morning thanks so much. >> great to be with you. stay with us. we'll be right back. .

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first the state of affairs, how many animals is the foundation carrying for what have you been able to see in terms of the conditions when you look at pets? >> thanks, maria, for having me really appreciate it i don't have exact number but steady flow influx animals coming into the clinic going right back out, we are taking animals evacuated from fire housing them treating stray animals appeared on streets, in homes overruled free veterinary care, it is a true disaster that is out there, also trying to supply pet products to people in the area so much work, a bit overwhelming but the doctor who runs the center out there, has been doing work for many, many years, leading a charge, really appreciates everyone's support you guys reaping out to us. maria: it is very disturbing we are grateful you can do

what you can i know you've got cats and dogs i notified a lot of horses that needed help. >> flurry a lot of horses we are working to try to find horse rescues in the area can help take in so many they are large animal much larger than any dog or cat costs a lot more to feed house take care of currently working to try to build a network of rescues out that will take some animals in because there are tons of them a big horse state in the country as well. maria: thank you for all of your efforts, tell us about thank you resources that are needed marty what is most needed that you need in your looking for from volunteers to help take care of animals. >> absolutely definitely need funding people can donate at www.animal wellness foundation.org, sifting approximated humane society trying to find wildlife

veterinarians resources for people bringing in animals they are finding, land skaup what is going on out there landscape we need help with those also trying to find more volunteers can help we have a tremendous influx as i said before, really trying to work, to get these animals in a timely manner get them treated in a timely manner so not sitting there waiting to be tan care of can have new animals come in other ones can go back to owners or wherever they came from, in a healthy better condition. maria: these poor people lost everything homes burned to the ground marty. what shape has dogs and cats been in when they get to you? >> depends on animal, of course, some have had very serious injuries, see that a lot some minor depends from an actual building that burned or came off the street there have been people actually out there going and rescuing dogs is from did buildings, doctor not

necessarily in this particular stance but in the past has gone into buildings, to be able to rescuance dire feeds angles that have serious burns problems, issues unfortunately, some point may be handles to be put to sleep because of this we don't want to see that want to do everything we can to try to save each animal's life we have to have raurs to be able to do that. cheryl: marty a lot of rescue groups in los angeles one most immediate need for fosters, wrong if you have enough available one thing in maui with that many families when they lose home cannot take animals back is that a concern for you as well is there in this case that we can go in other states to help? . >> absolutely, no, also in need of those care for tos tax

revenues we need team to take animals that are available, space in homess farms if horizons, things like in a don't expect them to keep them a period of time we definitely need fosters, if you would like to help foster animals, a manual wellness foundation.org we have say a prayer for all those animal you are caring for hearty iof irby joining us, fox news made a one minimized donation you can go, help scanning the qr code on your screen right there. stay with us we'll be right back.. you are watching "mornings with maria" live on "fox business".

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maria: welcome back 30 minutes before the opening bell markets are selling off on the worst levels of the morning as yields also are off of the high. final thought. >> money market flows had the highest level since april 2020 which led to the best 12 month stock market performance in

history, i hope we see the same thing but i don't know if we will. >> policy matters in the people of california are learning the lesson sadly. maria: for sure. >> one week from today donald trump becomes president, it cannot happen soon enough. maria: he said he would cited 100 executive orders right after the inauguration swearing-in. liz peek, michael lee and cheryl casone we will see you tomorrow. see you tomorrow morning, "varney & company" picks it up. >> good morning, everyone. the fires are not completely contained, the wind is picking up, gust of 40 - 50 miles an hour expected. los angeles is not out of the woods, 12000 structures destroyed 37000 acres burned, 24 dead, many people missing, political developments, trump says the authorities are incompetent. he takes the oval office next monday. california needs federal