maria: welcome back. good tuesday morning, everybody. thanks so much for joining us this morning. i'm maria bartiromo. it is tuesday, january 14, 7:00 a.m. on the east coast. we kick the hour off with the hot topic of the hour.

president-elect trump's cabinet nominees headed to capitol hill for senate confirmation hearings. at 9:30 a.m. this morning pete hegseth will appear before the armed forces committee. senate minority leader chuck schumer reportedly is plotting to turn hearings into a circus, he wants to slow things down for trump many axios writes this, hegseth's hearing is the first shot to carry out the demands. here's schumer and what he said yesterday himself. >> over the next four days, over a dozen of the president-elect's nominees will testify in committee and make their case to the country. these hearings in a very real way are the opening salvo for holding the trump administration accountable to the public.

maria: republican lawmakers are still hopeful that the process will be swift. nominees just need a simple majority to be confirmed. however, other hearings scheduled for this week, some have been postponed and we are expecting governor kristi noem for homeland security secretary tomorrow, pam bondi for attorney general, senator marco rubio for secretary of state and john ratcliffe for cia director. however, do hearings scheduled for today were postponed over alleged paperwork issues. veterans affairs choice doug collins' hearing will be on january 21st and interior secretary choice, doug burgum, his hearing will be on thursday, so some questions about why hearings are getting postponed. it doesn't appear that chuck schumer is doing what the voters asked for and that is get to work on inflation and immigration. >> instead, finding ways to, well, get their moment to shine, in their opinion, by going after several of these nominees.

maria, last hour you mentioned tulsi gabbard, we talked about pete hegseth, doug collins to lead veterans affairs. i think he's an amazing choice. if you want to go after some of the decorated former service members and our former colleague, then go right ahead. as far as today's hearing, that's hegseth, axios has published his opening statement. this is from axios. and chuck schumer really wants to go after someone that was a deckdecorated war hero, go ahea. pete hegseth is going to talk about he wants to restore the warrior ethos, re-establish trust in the military, address recruiting and readiness crisis in the ranks, the strength of our military is our unity. that's a quote from the speech. if i wants to take that road, go

right ahead. i think it's going to backfire on him. maria: pete seems to have the votes. john thune told colleagues last week that he believes pete hegseth has the votes to actually get confirmed. i think if you were republicans watching this play out, you would be more worried about tulsi gabbard and potentially kash patel because kash patel is an outsider coming in and knows exactly what the fbi did in terms of politicizing the whole agency with that russia collusion lie and hunter biden laptop, he lived it all, chris, so they don't want somebody who is so outside the swamp who actually was affected by the swamp to be running it so we'll see if kash patel gets confirmed. he's a great choice. >> he is. he was almost drowned by the swamp. that shows his resiliency. schumer turning into a circus is ridiculous. particularly for pete, he's a decorated war hero and also a harvard and princeton guy.

i think he does have the votes. i think all of this kind of screwing around is not going to help anybody. it's going to hurt schumer the most i think, honestly. maria: what do you think, todd? >> i want to focus on s schumers well. pete hegseth is going to restore the warrior ethos to the pentagon. schumer and democrats don't want the warrior ethos. they want a dei pentagon which will go away next monday. hegseth wants to give a better chance for new defense companies to win contracts. that threatens the old established order and the reciprocal, you watch my back, i'll watch yours when it comes to the big defense companies and democrats in congress and finally, deploy emerging technologies, again, see point number two. the establishment d.c. is threatened by pete hegseth and donald trump. they can't attack trump anymore from an electoral perspective

because he won so what are they going to do? they're going to go after hegseth, you know what, maria, that's not going to work. he's probably going to get past. there's enough republicans to get him through. maria: i think joni ernst had real issues initially. i think she softened up by now. there was speculation that joni ernst wanted the job by the way, she would have become defense secretary. she seems to have softened on pete hegseth, he stood tough when the media was trying to take him down. we'll see how it plays out. >> i was also going to say, you know, i'm glad he brought up the defense issues. todd did. but also i think the recruitment is a big one. because they've had a 25% deficit in recruitment in the military. maria: right. yeah. we, they're driving all these people out with these rules and regulations around the climate change agenda. let's slip in a short break. we're onto markets. futures point to a gain at the

start of trading, we've got the december consumer price index out in an hour and-a-half and we've got all hands on deck to bring you the report and check out market reaction. first, the word on wall street panel is coming up, they've got expectation, don't miss it, with the dow industrials up 117 and nasdaq up 100, you're watching "mornings with maria" live on fox business. stay with us. to achieve my ambitions. like earning more money on my money as a head chef. ready for service? bank with sofi to earn a higher apy and an epic welcome bonus.

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maria: welcome back. time now for the word on wall street, top investors watching your money. joining me now is motley fool asset management investment an lift, shelby mcfadden, also with us is chris mcmann this morning. shelby, good to see you. thank you for joining the conversation. we look at a rally underway, a triple digit move at the start of trading, dow industrials up 103 despite the huge spike in interest rates recently and of course the move continues this morning. take a look at the 10 year this morning, up another 2 basis points right now, sitting just shy of 4.8%. the major banks kicking off fourth quarter earnings season, jp morgan chase, wells fargo,

citigroup, goldman sachs reporting tomorrow, bank of america, morgan stanley on thursday. goldman sachs joining a new group for facilitating finance deals. stock is up this morning, about two thirds of a percent. how does that all square for you in terms of the earnings given this move in rates? >> i'll tell you what, it's a little hard to make a square of all of that. there's a lot of edges going on. maria: yeah. >> it does seem overall positive and when we really leak at especially how jobs did last week and combine with all the other economic data we're getting i'm expecting the big banks to be pretty positive. the other reason we're up on those banks is because of the comments that we heard coming out of goldman just talking to chris a little before the segment about the fact that we are sort of going into a financing world where if we're going to settle at this higher level of prices, americans are just going to start breaking up their payments for items that are not typically finance worthy

as we would say. so maybe something that is $1$100starting to be broken up, putting more transactions on the payment rails which benefit mastercard which are in our capital efficiency etfs. when we see that it's a new normal. that reflects the fact that interest rates themselves might be coming down but the yield being higher reflecting the fact that we're going to be in a structurally higher rate environment but people are surviving it in the short-term so hopefully that's about as care as we can get on being positive on the banks. maria: what i'm trying to understand is how significant this spike in rates is. i mean, are we going to hear the major banks talk about this impact to their bond portfolios being an issue for 2025? do you think this spike in rates is going to be the topic in their guidance for 2025? >> i do think it will be something they're going to discuss because it's a little bit of an elephant in the room. i also believe over the past 18 months or so they've done a lot

of sort of rationalizing and combing through their portfolios to make sure they're not as exposed as a lot of those smaller regional banks were a couple years ago so i do think we're going to see about it because it's going to be something they have to work into their models, right, and into their underwriting especially but i'm a little bit less worried about it being a structural issue for them and more so just something they're going to make sure they're addressing in terms of their modeling and keeping shareholders abreast of the situation. maria: chris, it's already affected the market rally. stocks are close to wiping out the election day rally on this volatile start to the year and we know that it's been so volatile because of the spike in rates. you say president trump's deregulation promises, however, will drive markets. which markets? >> well, mid-cap is going to be great, private equity is going to do well and we think the m&a landscape will pick up this year with one caveat. we're so worried about this 5% number on the 10 year. if we get to 5%.

most of these people, this hasn't happened since the great recession, most of the people trading bonds today never experienced them, 30% never experienced this so this is one of those moments that the market could freak out a little bit, a radical selloff and it may take 180 days to come back up from it but long-term, with trump, the whole mandate, it will benefit small cap and mid-cap. if we take the magnificent seven out of the s&p 500, it's averaging 8% over the last three years. there's room in the major indexes as well for sure. maria: what about the inflation data, that's going to also perhaps move rates. the december ppi out this morning at 8:30 a.m. eastern. economists are expecting a gain of three tenths of a percent month to month and 3.4% year over year, shelby, your expectations on inflation? the cpi out tomorrow, a bigger market mover than the ppi, but we'll see what the numbers show. >> i'm expecting it to be on the luke warm to warm side of

things. consumers seem to be holding up very well. we know a lot of the average is coming from sort of the top third but at the end of the day that's how the fed makes their decisions so we are probably i'm thinking going to see something that says market's doing pretty okay, households are hanging in and we're going to continue to see the bifurcation of the economy's doing well so therefore rates might not come down and therefore the stocks might start to wobble a little bit and it's been this sort of conundrum over and over and over again and i think this is the sort of tumble into the new normal of higher price level. maria: chris, do you want to buy stocks now before trump is inaugurated or do you want to sit it out until we actually see these policies materialize? >> i think there's opportunity today. i think we buy equities today. b of a said we don't expect rate cuts this year based on the inflation thing going on. i don't think they're right about that. i would buy stocks today. maria: we'll leave it there. shelby, thanks so much for joining the conversation. shelby mcfadden joining us, chris, you're with us all morning. we're grateful. when we come back, congress now

mulling adding california wildfire aid to the budget reconciliation bill as we have been reporting. house speaker mike johnson said he considers conditions for any federal assistance. arkansas congressman french hill is here with an inside look at what's happening on capitol hill. you're watching "mornings with maria" live on fox business. stay with us.

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maria: welcome back. house republicans are considering a list of potential spending cuts to pay for president trump's top priorities. 34reu9 co-is reporting law makeers are looking to cuts to the federal food program snap which would save an estimated $22 billion. new york democrat tom swazy told fox news he's willing to work with republicans on the trump agenda. watch. >> my district, president trump won by 19,000 votes. i won by 11,000 votes which means 20,000 people voted for donald trump and tom swazy together. i don't think it was a mandate for one party rule but it's a mandate to address the border, address the economy, address inflation. there's going to be a big fight in the republican party over the tax bill. the only way we're going to get something done, i think, is either they do it my way or the highway and get it done or we work together across party lines to try and find common ground. maria: joining me now is

arkansas congressman french hill, the chairman of the house financial services committee, a member of the house intelligence committee. good to see you. thank you for being here. >> you bet, maria, great to be with you. maria: let's talk about how you're structuring things and where tax extensions come. i know there was a whole discussion about the salt deduction over the weekend. what role will your committee play in implementing the agenda? >> well, first i think president trump's doing absolutely the right idea which is meeting with republican senators, republican house members and determining what the best way to find the spending cuts that we want to offset his agenda of rebuilding our military, accomplishing energy independence and future permitting reform, securing our border, and extending the pro growth features of the tax cuts and jobs act and that's what these listening sessions have been all about and there are many more weeks of that listening before we get to that final point when we accomplish

two things, first, unfortunately, finish fy25 spending. in my view that would have been best to have been done in the last congress but we have to do that before march 1 13th and deal wildfire costs associated with the call forge ya disaster -- california disaster in the los angeles basin and accomplish the reconciliation effort to accomplish that mission by the april time dis' frame so we're going to bees. busy.maria: the agenda collidig with the emergency. house speaker mike johnson said he's open to putting conditions on the aid for the california wildfires in the latest reconciliation bill. watch this. >> i think we have to have a serious conversation about that. obviously, there's been water resources management, forest management mistakes, all sorts of problems and it does come ddown to leadership. it appears that state and local

leaders were derelict in their duties in many respects. that's something that has to be factored in. maria: congressman, i know there's been discussion about tying the debt limit increase to the disaster aid as well, short-term funding bill last month providing $100 billion in aid and now you've got to go at it again but the policy decisions in california have been talked about quite a bit and i'm wondering if you want to put some conditions there in terms of putting aid to california. here's devin nunes with me sunday talking about what went wrong in california with regard to policy. listen. >> but it's pretty simple. it's water. it's grazing. it's logging. those industries have all been hampered. if you look at agriculture, we're down in land that's being farmed because of lack of water. this means when farms don't get water, guess what, the la basin also doesn't get water. so as you're building out and

adding people and homes in the los angeles basin, if you don't have an adequate abundant water supply and you're rationing water e the people building the homes, the city planners are not putting in green areas, not putting in fire breaks, if you run the farmers and ranchers out of the state of california, you don't have the animals to sit there and graze so the combination of the proper land management would solve all of this problem. now, what's going to happen? just like they've done for the last 20 years, california is going to run to the federal government and they're going to ask for money and i think this time hopefully i think president trump and the republicans in congress will say look, we're just not going to keep doing the same thing again so california will need a lot of money. maria: congressman, what do you think? >> well, look, i think devin nunes is right on land management practices and the republicans in the house led by bruce westerman of arkansas have led the way in the right kind of

land management and water resource management practices through the natural resources committee. we just passed his resiliency -- resilient for forest initiative before the end of the year. those practices would have met the standard devin nunes outlined if implemented by the state of california. there is more to the story which is state and local government zoning and my view they're allowing people to build and create density in areas that are wild and have no business having improved structures in them without complete local fire mitigation. he mentioned fire breaks in his comments but that is an understatement. when you have to have both fire breaks between the wild area and the urban area and remove the brush that's built up during wet periods out in california and that's where the grazing comes in and the use of animal live stock. so this all works together. i would be for conditions if people can find ways to attack

federal conditions to that aid. california has to fix its really poor land management practices that have produced so much damage. maria: and this was all related to the climate change agenda. they didn't want the timber industry to come in and log and cut down trees so it does have to do with that ideology of the climate change agenda. also on financial services, bank capital another issue, fdic vice chair hill outlined potential basel 3 end game changes. what do you want to see in terms of deregulation and changes in capital with regard to financial services companies from your role overseeing that oversight? >> well, first, we want to make community banks great again. we want to think that public and private small, medium size and regional banks can have the tailored regulations that allow them to be competitive with the great large international globally systemic banks. that's a key point.

so tailoring of regulations is important. the biden harris administration abandoned that practice. secondly, on the capital rules, i would recommend and i believe my colleague in the senate, tim scott agrees with me, that we should ask the trump administration to withdraw the basel 3 end game capital rule and repropose the whole thing with an eye towards being capital neutral, pro growth, and get our system back functioning in a much better way. our committee's the access to capital committee. and the biden harris administration in my judgment was impeding access to capital. maria: great points all around. do you think you're going to have at least one bill signed into law by the end of the first 100 days, whether it's budget, energy, defense, or budget, energy, defense and taxes? >> i would be so much more optimistic about that if we didn't also have to deal with

this fy25 spending hangover from the last congress but look, we're going to work non stop, seven days a week, with president trump to implement his agenda between now and the 4th of july and i hope we have a lot of accomplishments in that period. maria: you're not sure if you're going to be able to get one big beautiful bill then? >> well, i think we can -- president trump and speaker johnson have set a goal of voting on reconciliation by early april. maria: right. >> and i believe that we can do that. maria: okay. >> and i believe we can get spending done. but i thought you were referring maybe to something besides reconciliation. maria: there's also the debt ceiling. >> right. well, i think that will be included in this budget discussion, the supplemental appropriation discussion or the reconciliation bill. i think that's the best way to handle it. maria: congressman, we know you have a lot of work to do. we appreciate your time this morning. thank you, sir. >> y you bet, thanks. maria: my next guest is interested in acquiring u.s.

steel but he can't do that until nippon steel abandons its bid. cleveland-cliffs ceo is here to tell us more about this pending deal. but first, at least 24 people are dead, dozens others missing after the catastrophic wildfires ravaged california. fox news' griff jenkins is live in malibu with the latest. griff. >> reporter: maria, we have officially entered the red flag warning, particularly dangerous situation window and firefighters are already battling a brand flew blaze. we'll give you the details when we come back.

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maria: welcome back. a new active fire has broken out in ventura county, firefighters are battling strong winds to contain the devastating los

angeles wildfires and now a new one. fox news national correspondent griff jenkins live in malibu, california right now with the very latest. griff. >> reporter: maria, good morning. the national weather service says that we have officially entered the red flag warning window for a particularly dangerous situation or pds. that's an extremely high fire weather condition danger which is really just high winds, dry vegetation and low humidity. already, firefighters battling a brand-new blaze an hour north, called the otto fire, a wind driven, fast moving brush fire that broke out in the santa clara riverbed between ventura and oxnard, california. firefighters are battling the blaze, they say they're making progress, slowing the forward movement. we'll continue to watch that because it is a long and wide window of where these conditions exist. now, not only are these

firefighters having to battle brand-new blazes, but they're also having to compete with unauthorized drones. the officials cannot stress enough how dangerous it is, the images we saw of the drones that downed a super scooper as it was battling the palisades fire. the fbi begging for the public's help in trying to find out who that was. the fbi, maria, says they're seeing 20 to 30 unauthorized drones in the fire areas and the assistant director with the fbi says he wants it to stop. listen. >> these fires are so significant in size that it's only going to -- you can imagine, that will exponentially increase the amount of resources needed, that's going to take acai fire fighting efforts from saving houses, saving lives, if one of these planes should go down. that would literally be catastrophic. >> reporter: they said this, simply, when you fly, we can't fly, that's the warning there.

meanwhile, fox news confirming and learning that president-elect trump will visit the fire ravaged area out here in los angeles. we don't have a time or date, we don't know whether it will be before or after the inauguration but it's going to be interesting because of the heavy criticism that has fallen on la's mayor, karen bass and california governor gavin newsom's handling of this crisis and back out here finally you can see, maria, in malibu the structure behind me, the home one of thousands that has been destroyed while we are expeexpecting and the folks here bracing that they may have more damage, more evacuations and more fires in the next 24 to 48 hours. this red flag warning window extends through tomorrow evening. we'll keep you posted and bring you the latest as we get it. maria. maria: it's a big opportunity for president trump to go there and show leadership for sure. griff, thank you. griff jenkins, fox corporation has made a $1 million donation to the california wildfire relief effort. you can help by visiting

go.fox/redcross or scan the qr code on your screen. cleveland-cliffs and new corp.s considering a joint bid for u.s. steel. cleveland-cliffs hoping to acquire the company in a cash deal and sell off the river subsidiary to new corps. cleveland-cliffs ceo lourenco goncalves speaking yesterday but offered few details on a potential bid. watch this. >> the problem is we can't make anything happen until u.s. -- the current management, the current board of u.s. steel make the decision to abandon -- it's harsh, abandon the merger agreement with nippon steel. until they do that, we can't do anything. we have our hands tied. if i present an offer today, they can't take it until the deal is abandoned. anything that we try to execute

is a speculation. the important thing is what i told governor shapiro on the phone. we have an all american solution. maria: over the weekend the biden administration extended the deadline for nippon to drop its planned acquisition until june 18th. joining me is the man himself, the ceo of cleveland-cliffs, lourenco goncalves, cleveland-cliffs is a leading north american based steel pro producer focused on value added sheet products particularly in the automotive industry. thank you for being here. what is the status of this deal? >> you mean the deal between u.s. steel and nippon steel? i believe that that's the one you are asking me for. that one was blocked on national security grounds. maria: i know it was blocked on national security but you just said in that press conference that nippon still has its bid out there. >> yeah.

as far as i know, national security is not for sale. national security is -- yesterday we demonstrated what five years of working together with the workforce, working together with the local authorities, new york, the commissioner, the sheriff that was there, big shout-out to the sheriff, they were all there with me. the community knows very well that five years of good management, five years of working together with the people on the ground can change everything and protect national security. national security is not for sale. maria: of course. of course it's not. but the issue of you actually getting a chance to acquire u.s. steel and gaining the scale that you're talking about that you need in getting larger, when would the timing -- what would

the timing look like? you need nippon to pull out officially before you could actually make this deal, make this offer? >> president biden's offer -- order, the regional order said that they had to pack and go by february 2nd. but the order with a caveat there said that cfius can change that so the next thing that happened was tony blinken, secretary of state, went to japan to a farewell visit to japan and over there the prime minister of japan was very, very upset apparently and he said bad things about the president of the united states and tony blblinken said yeah, that's a sd thing so anyway, you show weakness, they take advantage. so they sued, the cfius gave them a live line until june 18th on hopes that the

w cfius with members of the incoming trump cabinet will go ahead and change the face of national security and reapprove the deal. i think i -- actually, because i know president trump and i know how his mindset works, probably the new cfius will probably bring back the february 2nd deadline and then they're going to go because we need to make american steel great again. maria: tell me the backdrop of the industry right now as you await to see what nippon does and as you await to make your bid for u.s. steel again official. what can you tell us about the automotive industry right now and the backdrop with regard to demand? >> automotive industry in the last several years have been receiving steel in a very consistent way. prices last year went down

dramatically and that was a year that was completely an outlier in terms of competition behavior. i don't know why that happened but it was an enormous drop in prices and it's affecting all of us, so the automotive industry has nothing to complain. the price of cars basically doubled in the last two years and the price of steel went down by something like 40% so we are not going to look at their problems and we're going to continue to supply steals, it's important in the united states for cars to be built in the united states using american workers and that's pretty much what the trump agenda is. we need -- we can't wait for another six days to have the new administration in place doing the things that we need to be doneecause we absolutely need

to make manufacturing great again and the steel industry strong again. maria: so do you want to see tariffs on international competitors? i mean, is that one of the issues, the steel dumping in the united states? >> dumping is a serious issue. dumping kills the american steel industry over the last three or four decades and yesterday i made it abundantly clear that nippon steel -- when i say japan, i'm saying nippon steel. it's not the country of japan. the country of japan is a good ally of the united states. but japan for me is japan steel, nippon steel is japan steel and japan steel is evil. japan steel taught china the art of overcapacity, the art of overproduction, the art of taking advantage of other countries, and the united states

is the recipient eastbound of es overcapacity so president trump will end that. maria: well, look, they're blaming you. you know that. they're blaming you for messing up their deal, u.s. steel and nippon steel, saying you were talking against the deal and you've got an industry now the backdrop where prices were down as you just said, 40%, you've got the economy questionable, the automotive industry questionable right here in terms of the demand part of the story. do have you a plan b? what if you can't acquire u.s. steel. do you have a plan b to gain steel and thrive even in the weakened backdrop for the industry? >> i had a plan b if president biden or vice president harris -- because they changed a lot there but anyway, president biden was reelected or president harris was elected, i knew there was a lot of work, the biden administration bringing nippon

steel in, if they had succeeded i would put cliffs for sale as well because that would be a myself and severalparticipants l industry because free money for japan with blessings of the u.s. government not to even shut down capacity so market forces would no longer work. it would be free money sponsored by our country and the american administration having a say on plants shut down or not shut down, not the market dynamics. i would not be able to survive in an environment like that. on the other hand, on the other hand for my shareholders it would be great because i would put cliffs for sale and someone would come and buy it because if japan can, others can too and

cleveland-cliffs is a better platform than u.s. steel. that said, the world works in mysterious ways. president trump won again and they're going to make america great again and i think februar. maria: real quick before you go, you are intending to make a new bid for u.s. steel once nippon steel gets out of the way? is that what you're waiting for? >> i'm first waiting for nippon steel to get out of the way and once nippon steel gets out of the way we have an all american solution ready to be deployed, fully financed. maria: thank you. we'll be watching your work. thanks so much. lourenco goncalves joining us, cleveland-cliffs ceo. quick break and then special counsel david weiss blasting president biden for pardoning his son. we have details of the report released this week.li you'regh watching "mornings with

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♪ ♪ maria: welcome back. in an illegal migrant from honduras arrested in florida for assaulting a 13-year-old girl. cheryl casone with details now. cheryl. >> so maria, that teenager was attacked near the park back on january 2nd. he y wrestled with his attacker.

police confirm the identity with the dna search warrant. the palm beach county sheriff's office said he i'l illegally crd over the mexican border, coming in as a got away. he is charged with kidnapping and sexual assault. starbucks is reversing its open door policy as todd piro said earlier on the news channel, is bringing back the closed door policy. todd piro, ladies and gentlemen. this requires you to pay up if you want to hang out in the coffee shop or use the rest rooms a starbucks spokesperson says we want everyone to feel welcome in our stores by setting expectations for behavior and use in our spaces. >.the new policy starts january 27th. taking a look at the stock, it is fractionally higher. we knew the company would be implementing these changes and here they are. they're implementing a code of

conduct at starbucks. a lot of employees and customers were not happy with their service at starbucks before. then there is this. maria. special counsel david weiss releasing his report on the hunter biden investigation versus, weiss slamming president biden for what he says is rewriting history after biden said the prosecution of his son was political. weiss writes this, quote, other presidents have pardoned family members but in doing so none have taken the occasion as an opportunity to malign the public servants at the department of justice based solely on false accusations, hunter biden was found guilty of three felony firearm offense ps and pled guiy to federal tax crimes. he was supposed to be sentenced before his dad's presidential pardon. another one i thought was so interesting is weiss quotes the federal judge, maria. i was just reading through the extensive report. and basically also rebuked the

president about rewriting history in all of this. so biden really taking a slap against the do j and weiss' calling him out. interesting. maria: todd. >> in addition to that, i love the fact in this report we spell out or weiss spells out exactly what we've all known that hunter biden made a whole heck of a lot of money for doing, quote, limited work. we all know what limited work means. it's all based upon your connections and our colleague jonathan turley points it out on x. he says we have two reports from two prosecutors. trump's case was dropped. in this case, hunter biden was convicted. maria: yeah, it's incredible, now we're getting -- look, i was expecting a pardon of his brother, jim biden. do you think we're going to get that in the next couple days? >> we have five days to go. six days to go. i wouldn't be surprised if out the door he does a whole lot more of these in addition to the thousands of commutations and

pardons already. >> this was a six year investigation. that was a six year investigation into hunter biden. >> didn't pay taxes for four years. arrogance, that's what that is. maria: and corruption. >> yes, ma'am. maria: yeah. meanwhile, fire conditions are expected to worsen in southern california. we've got strong santa ana winds fueling the deadly wildfires of course. fox weather meteorologist craig herrera with an update there. >> maria, good to see you this morning. i wish we had better news. the offshore winds continue today, pick up later today through the evening hours. offshore winds, i've gotten the question many times, what is that specifically. it's the air coming over the land, zero marine influence. it's not until friday that the winds shift and come in off of the pacific ocean, bring the relative humidity up. as long as we have offshore winds, relative humidity continues to drop. those winds today coming off of the mountains will be a concern for places like the eaton fire where we've got several acres that burned, 14,000 plus acres there. the largest fire, the palisades fire, nearly 24 how acres have

burned there. the winds come through the mountains and the gaps. until they start to shut down which won't happen until friday, this is going to be a concern. you think about the hot spots, the embers can be picked up and blown several miles away and that could spark more fires as well. think about the flames, when you don't have a lot of wind, flame goes straight up. if you've got wind, it lays that flame down and shoots off two, three times as far. so it i'll be a concern. the winds could gust up to 70 miles an hour later today. maria: you're right, very, very hard story to watch. stay with us. quick break. then we've got a major hour coming up in the 8:00 a.m. you're watching "mornings with maria" live on fox business. stay with us.

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start start. welcome back. good tuesday morning thanks so much for joining us to have morning i am maria bartiromo. it is tuesday, january 14, it is 8:00 a.m. on the button east coast, we've got breaking news this morning there is a new active fire broken out in ventura county, california. firefighters are working against strong winds to contain the other fires burning this los angeles, 4 people are confirmed deads dozens remain missing folks business max gorden live from