tv Mornings With Maria Bartiromo FOX Business January 14, 2025 8:00am-9:00am EST
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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
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mandeville canyon los angeles county right now max. >> hey. good morning, maria, good news while auto fire zero percent containment firefighters say they have been able to stop progress it is 56 acres isn't threatening structures that fire broke out in day riverbottom firefighters to jump on any fire a particularly dangerous situation according to national weather service between 45 to 70 miles per hour, or expected today through noon tomorrow, we've seen one wind gust recorded at 72 miles per hour, luckily a lot of firefighting resources here you can see some behind me, 15,000 firefighting personnel in southern california, here to battle wildfires, right now where we are standing in mandeville canyon area on eastern side of the palisades fire 24,000 acres, 14% containment this is near where the fire made a run over the weekend toward the community of brentwood a lot of concern in this area, but i
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can tell you that from driving around neighborhoods here, there is a lot of firefighters here ready to jump on any hot spots eaton fire to east of us currently around 14,000 acres, 33% containment, but, again, the big variable the winds, residents in southern california being told will to be ready to evacuate and moment's notice because things change in a heartbeat. maria: max thanks very much max gorden stay safe as we watch incredible pictures mike johnson revealing how congress could help california rebuild. >> are you focused -- or -- condition at all. >> -- serious conversation about that obviously, there has been water resources management forest management all sorts of problems it does come down to leadership it is appears to us that state and
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local leaders were derelict in duty many respects, so that is something that has to be -- factored in i think probably conditions on that. maria: president-elect trump planning to visit los angeles, as soon as next week to survey damage assist in recovery karen bass issuing executive order to speed up reblilths requiring damage skrooufd finished one one month waive discretionary hearings governor newsom issued his executive order organized what he called marshall plan to rebuild. >> -- let's talk about the failed leadership in california. and how we arrived here, gavin newsom, i don't know what is going on with him when he tries to talk about this rebuilding effort, i don't know if nervousness or what take a look what he said this
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week, watch. >> as i just talking to josh the governor -- of -- down in -- in hawaii, ideas around concerns he has speculators coming in. >> california democrats reaching 50 million dollar agreement to trump proof the state legal defensives against incoming administration includes 25 million dollars california department of justice to fight feds in court another 25 million to defending migrants against trump's mass deportation plan fund grants for immigration nonprofits support centers yesterday expanded package to include 2 1/2 billion dollars wildfire spending a special legislative session scheduled today canceled due to wildfires new date remains up in the air. todd you saw that sound bite governor newsom way bobbing back-and-forth, your reaction? >> i actually had not seen
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that until now, it was definitely a little odd, if you defectively into what he says one amazingly smooth talker most time the words sea that is over on in circles if you recall the debate sean hannity did, so many to see smoog talking can get away with 20 second sound bite svent backed up by anything we're seeing that right now answers, go around in circles the end of the day peaccount built qualify how this was completely preventable two going forward what is going to change? >> that is right, we reported on sun, "sunday morning
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futures", that now, president trump's agenda, is colliding with need for emergency money. and this emergency that we are all watching and -- and crying over, in california devin nunes laid it out former california congressman in politics he knows very well failed policies of california, laid it out sunday, watch. >> pretty simple water, grazeing, logging, those industries have all been hampered if you look at agriculture we are down in, because of lack of water this means when farmers don't get water guess what l.a. bin doesn't get water as building out the adding peel heels in los angeles basin if you don't have an adequate abundant water supply you are rationing water the people that are building those homes city
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planners not putting in green areas not building fire breaks if you run farmers, ranchers out of the state of california guess what? you don't the 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 they've done 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. >> devin nunes saying going to need a lot of money but don't do it, unless there are requirements to change policy. cheryl: going to keep blaming climate change, and that is going to be the excuse editorial board in journal points that out this morning scathing scathing attack on gavin newsom state failed
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policies mismanagement the spending appropriations, i will get into look out for the word the place hydro climate whiplash going to start blaming the season the journal points it was wet a wet -- winter then a dry summer, guesss what? the journal says you. e what in california also had types of seasons, in 1910, 1920s, okay a hundred years ago nobody talking about carbon he missingss in 1910, 1920 if you look at budget proposal i couldn't believe he is actually proposing for the fiscal year year 2024 to cut wall fire's resource management program cut it in half, okay? he is the budget is okay. thanks to capital gains taxes collected in 2023, the absolute -- you know, they are going to deny it gaslight people i think there should be strings were attached with any
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money government send to california my heartbroken for my friends in california but we've got to be careful here. maria: all because of the narrative of the climate change agenda. and the green new deal they go along every decision, in california, based on that. that is what devon archer was saying chris there has to be some changes in overall policy, otherwise going to keep seeing this happen over and own. >> going to repeat i don't think candy present said last year this is a monumental achievement take down dams giving another species a chance to thriver again monumental mind, brain is 10,000 people two tribes, you have to take into consideration all the people downstream, this is a catastrophic, how many people dead because of this policy? >> we will take a short break
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would come back at it fox corporation made a one million dollar donation to the red cross california wildfires release efforts help as well by visiting go.fox/red koss or scanning qr code on your screen stay with us. we'll be right back. at harbor freight, we do business differently from the other guys. we design and test our own tools and sell them directly to you. no middleman. just quality tools you can trust at prices you'll love. (luke) homes-dot-com is a new,
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emission. first senate con nation hearing on capitol hill day pete hegseth will appear before armed services committee in over an hour a large group of navy seals veterans lining up outside senate building to sort pete hegseth plan packing as many in hearing room as possible two hearings scheduled for today over alleged paperwork issues, veterans affairs doug collins rescheduled to scranton 21, doug burgum moved to this thursday chuck schumer reporting to turn into a
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circus, axios writes, hegseth appearing first shot to carry out demands by schumer skewer trump nominees maga brand chuck schumer yesterday. on the floor. >> over the next four days, over a dozen of the president-elect 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. >> joining me west virginia senator chairwoman of the senate republican policy committee environment public works committee member senate -- appropriations transportation rules committee senator great to see you. thank you so much for being here. good morning. >> what 14 we think chuck schumer wants it into a circus? what should we expect. i think we and nominees, we the republicans and president trump welcome the hearings going to see this week because
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does give, the nominees the chance to talk about how improving the department of defense improving epa improving, the department of transportation and other cabinet positions are going to work for the american people how having a stronger country suspect burden by regulations i can't bull can't move forward while he may see it agency a threat i see it as an opportunity for people to see the president trump has appointed people that are reflective what vote that american people with he overwhelmingly made in november. >> of course, and "wall street journal" does a nice job of going through, the senate, and where they see each nominee i know you will lead epa nominee lee zeldin's hearing thursday part of as you know duffy's hearing tomorrow what are your expectations what are you thinking about asking in
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temperatures are a of getting some reveal about how they will behave? >> well, lee zeldin served in the house great representative from new york seen all types of issues best way to solve the problem regulatory environment last four years epa loaded up with climate issues that stymie to develop and grow we talk to him about that transportation, highway bill in a water and wastewater resources bill coming up important i think to move the country along. and i think, also, he is very much aware of the impact of what president trump has said he wants to do in the permitting area other areas, that lee zeldin will lead, on transportation sean duffy i
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serving on committee with him in house he also understands how government works but i think part of the charge, for both of these nominees, is to cut through bureaucracy make things easier workable manage clean air clean water environmental provisions we in congress passed not loading extra things that don't have an added benefit but also stymie the ability and hold up the ability to move forward. >> i mentioned journal piece because some senators have not discussed how they feel about certain people, i mean you've got pete hegseth, you've got tulsi gabbard kash patel those sort of sparked some debate, for sure. mitch mcconnell swing vote susan collins potential swing vote utah john curtis another swing vote are you confident all trump nominees will get through get confirmed. >> i think today look a good
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market on that certainly, pete hegseth, confirmation of hearing today the tone democrats are going to set. and, you know, any extraneous information they can -- they can put into the public record. i expect him to be very strong i expect him to be very affirmative in responses, been around he certainly, to me individually with many, many senators i don't think this is anything unusual as you see the turnover of an administration, where you have certain nominees that sort of catch fire then others that draw fire, i look forward i think is going to be, very enlightening going to show the visions that president trump has, for certain departments through this is nominees. >> all of this time you've been working on, executing the trump agenda how to do it with colleagues all of a sudden, you get throne an emergency situation in california. hearts break for people who lost everything, speaker johnson said open to
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conditions in place for aid for california wildfires, in that latest reconciliations bill plan, he also says talk about tying debt limit to disaster aid how do you want this worked out. maria: i like to express horror what we see with californians unimaginable if you looking at pictures to see what happened in the aftermath look at this reflecting, where did city and state, and even federal agencies fall short to be able to protect so many people. but i think, that i think number one, the speaker is talking about yes, aid to congressional on agenda as much-needed. but will be a time to reflect see are some policies, leading to the situations that we have i think that it is it will warrant big full discussion i don't think anything wrong
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with that i don't think it should be misconstrued as you can't have your aid anwr not going to help you unless you do everything we do, i think we have to look at it more of are comprehensive say best way to prevent this from happening again. maria: look, you were very clear president trump has open inthe aviation to speak with you your colleagues he did so, speaking with republican senators about passing one big bill or perhaps putting it in two. you're from an emergency state what are your are priorities you've got border the tax cut stejs debt limit now california aid debt ceiling has to be dealt with what do you want to see as the priority, and i know you are going to say border what else? >> okay. after border i think in leashing american emergency administer for west virginia great resources stymied some ways to fully develop those to
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be able to enhance our lng to move our products national gas to use coal, in the ways this nation is using will use it for generations, so i look forward to the trump agenda that is going to unleash this make sure that we are able to be energy-independent because we know that is a -- a way to become powerful as we possibly can, i think also that the tax issue i think we need to lay that to reflect many of my will expire the end of the year makes common sense many of us all of us voted for these in 2017 anxious to expand hos make sure growing economy helping inflationary aspects we saw four years american people can have confidence we are leading i think a bunch in there good
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for everybody but energy portions probably most ab like able to my said defense spending is critical for many of your colleagues, is 120-billion-dollar number the right number? what will be the bump in defense spending in that bill. i think we have to have additional defense spending for certain because we know, that the democrats traditional and we don't expect it any different oppose that, so a big robust number i don't know exactly what that would be, but we have to have a strong military that is how we really keep the world a lot safer not just us but for the world. maria: senator great to see you we will watch your work appreciate your time, we'll be right back. with ppi report the other side of this break inflation data, on the way. .
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let's go boys. the way that i approach work, post fatherhood, has really been trying to understand the generation that we're building devices for. here in the comcast family, we're building an integrated in-home wifi solution for millions of families, like my own. connectivity is a big part of my boys' lives. it brings people together in meaningful ways. ♪ ♪ pyrotornado. r r. maria: welcome back december producer price index out any moment 3 minutes' time economists expecting increase month-over-month 3/10 of a percent and increase year-over-year of 3.4%, this comes ahead of december consumer price index out tomorrow morning could be a market mover joining me pacer
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etf distributor president sean o'hara and ej antoni thank you so much for being here ej your expectations on inflation data what is priced into this market at this point. >> i think going to get yes another hot inflation, the other thing i think we are going to need to pay particular attention to, maria, something that hasn't gotten much notice the last several months is that we keep getting these hot ppi readings but they are on top of upward revisions to appreciative month's data it is really common for ppi to see big swiepgs in terms of revisions but very troubling so couldn't consistently same direction upwards another thing the xoentsdz of ppi that particularly feed into the pce price index what the fed really likes to look at. what is priced in here?
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unfortunately, i think all we're pricing in at this point is about a 2/10 maybe 3/10% increase in next month-over-month do you think markets are expecting a hot number? >> no, i don't think they are expecting a particularly hot number i think expecting again probably two or 3/10 of a percent percent what i look at what equities price in, unfortunately, again, just because you get a 2 or 3% increase if on top of the previous three or four months all being revised upward we've had last couple reports, then you are not actually looking at a true month-over-month increase of only two or three/10 of a percent some instances added in extra 2/10% increase to month-over-month number . maria: the rally we saw earlier, is now, disappearing,
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up fractionally where have you seen money flow. >> good morning thank you for having me seen first off etfs record year i am sure you know, i think trillion dollars came into exchange funds overall bond market wise i think a tilt towards growth over value a tilt towards u.s. versus international and global. maria: right. >> and i think fixed income picking up internal flows we sort of see same thing growth, sort of taking in money over value. and with regard to the insurance rates we continue to see products that have yield attached to them as people start to enter, looking for yields that they can -- another. maria: hold on hold that thought market is rallying right now, the numbers are, obviously, hitting the tape dow industrials just shot up 237 points get to cheryl ppi out. cheryl: because numbers were not as hot as expected.
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actually coming in generally below expectations, for the street street looking for hot report not going to get it, month-over-month, .2%, month-over-month . %, the estimate.3, headline, year-over-year 3.3 expectation was 3.4, again, not getting that hot report they expected, flat is the core number month-over-month flat. and then 3.5% core year-over-year. the street looking for 3.8%, so it is really interesting here that just not getting the numbers we thought we were going to get, let me give you the government says in the report, are, the language, so, they are basically saying, again, big piece was final demand goods, file demand services unchianged changed gas then a piece .7%
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residential electric power motor vehicle fresh fruits melons on the rise, but fresh and dry vegetation down carbon steel, residual down earn certainly the fact you were saying guest saying a hot report not necessarily what they thought going to get this morning. >> when you strip out food, energy trade month-over-month, up 1/10 of a percent numbers look better-than-expected what markets are viewing with dow up 245 nasdaq up 180, sean sorry to interrupt. reaction. i think this is good news for the market i think perhaps gives fed you know a little bit more ammunition or information if you will to start to think about what that dot plot looks like i am concerned not so much about this i that i surprise here concerned about next month
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price of oil risen, it will be for now good news today but see what happens you know, going forward. i don't think that incoming administration can get here fast enough start to drill, baby, drill, approach that president ran on you know the cost of energy, gasoline transportation, and you know home heating, being electricity a big on the individuals across our country we need to get relief in this. >> what president trump aiming to do get oil prices energy prices down overall. as the first step in reining in inflation, your thoughts. >> great news i think ej right previous year adjustments frustrating can be problematic this number could be adjusted up 30 days from now systematic right. nonetheless the markets
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looking for -- came in 4/10 or 5/10, 5,000-point swing good news gives room cover for interest rate cuts hope, outlook at least two or three rate cuts index year i think important particularly for have commercial real estate and reits out there. >> ever since that hawkish pivot on -- in december fed cut rates said not going to cut so much in '25 futures indicated markets expecting one cut, so, you have to question whether or not this report cements that 10-year completely reversing direction now down 1 1/2 basis points a level 4.76% on 10-year ej, your thoughts? >> that is particularly good news seeing that 10-year yield come down, you know people adopt realize that we have over seven trillion dollars of
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net debt we have to see off the treasures if you are look close to 5% or excess 5% on a lot of debt spells particularly trouble for treasury markets, we are probably going to see over 1. trillion dollars just in -- 1.2 trillion dollars, getting yields down key to shifting the country out of current financial trajectory on to a long-term sustainable path, one of the things again that is particularly troubling as we start to get towards that 5% yield is that it is going to force the fed's hands no matter what inflation prints are look being like fed has to shift away from running off illegalities balance sheet go to buying being a net buyer of securities, of you know whether treasury securities, or agency death then back on inflation roller coaster, we are already growing m2 faster right now than during pre-pandemic average, that
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period. so again if the fed has its hand forced by particularly high treasury yields you have to look out for more inflation down the road. maria: why do you think rates spike so much last six months? >> i think has to do with fact people don't believe, the fed anymore, they -- they essentially told us look we have to go higher longer then all of a sudden even though data did not support it before election seemed to think inflation was totally under control started, cutting rates why do we have a half percentage point cut in interest rates, for example? the market responded to the fed cutting rates by a hundred basis points petitioning up yields a hundred basis points folks don't believe fed anymore don't believe narrative on inflation, we are not back to 2% target even with if print doesn't look like the would really sale price inflation getting back to the target anytime soon.
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>> you were in the middle of a statement flows you have been seeing animal spirits back into growth risk on that is solidly in place this year as well. >> i think so on growth side the concern i have, is how narrow the market is basically seven stocks driving returns on bond bonds s&p, this is tremendous opportunities one growth spots three names that are not common names that outperformed nvidia last year there is opportunity beyond the magnificent 7, i think going to come down to earnings growth, the productivity gains we get from a.i. going forward, it wouldn't to me, be out of the question that market could continue to rise especially large cap when we had very, very low interest rates talked about no alternative. on equity side there is really not the u.s. is place to be
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great to talk with you sean o'hara ej an nasdaq in triple digits look at department of justice releasing first round of jack smith's report on president trump 2020 election, jack smith is claiming that trump would have been convicted in election interference case if he did not win presidency trump responded this way to show you how desperate depertaininged jack smith is released fake findings 1ak did he say committee illegally destroyed deleted evidence, david weiss raced his report hunter biden investigation slammed president biden for what he --
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family members in doing so none have taken occasion to malign public servants at department of justice based solely on false accusations the former speaker of the house former georgia congressman author of "march to the majority" newt gingrich back with me great to see you mr. speaker always a pleasure your reaction to what we are hearing from jack smith. >> well, you can't imagine a more unconstitutional position. prosecutors always think they are going to win, that is why we have jury trials prosecutors often lose, that is the outcome of the constitutional have a he did was release one-sided interest's version reality with no opportunity for defense to rebut no opportunity for witnesses to say what he said
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anticonstitutional figure what he did in releasing this, is absolute attack on constitutional principal you are innocent until proven guilty who is he? as a single person? to declare the next president of the united states is guilty? an outrageous violation of everything that united states stands for. >> yeah even more outrageous knowing this is the incoming commander in chief voters with overwhelmingly put him back there. i mean we will see if kash patel can clean this up doj and fbi, senate confirmation hearings beginning today for president trump cabinet picks, of course, kick off with defense secretary nominee pete hegseth to appear before senate armed services
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committee less than an hour senate minority leader chuck schumer reportedly plotting to turn process into a circus saying to hold incoming trump administration accountable. that is he saying. >> look. i think to have you recognize, that -- the democratic opposition to make america great the depth of the democratic party left wing behavior a moment of insanity, the governor of california the democrats in california just proposed 50 million dollars to fight trump. in the middle of the worst fire american history going to desperately needp trump's help adopting a 50 million dollars program to stop trump in california insanity. schumer represents asill pattern you are going to see a split, about this week, you are going to see a split in democratic party, you are going to see people want to work with trump, people who hate trump the results going
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to be a minicivil war among democrats part of what share some says totally right senators have right to question witnesses the right to advise and consent a purely partisan circus won't help that's will confirm people that believe democratic party has gone off the deep end but legitimate to raise questions whether good friend pete hegseth or anybody else nominated should be capable of doing the job the next election four years away get over it guys. maria: incredible the hate and the political gains just do not stop, a huge opportunity, for president trump to help in l.a. reportedly planning to visit los angeles as soon as next week to survey damage from deadly wildfires mike johnson going to be open to conditions on any federal emergency aid
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for fires in the upcoming reconciliations bill, what do you think is possible here when president trump visits los angeles? >> well, i think president trump will express great concern for the thousands and thousands of people left homeless many lost everything memories positions but at the same time i hope, they will take this opportunity, to eliminate the california rules and regulations and bureaucracies that make it so marred to rebuild, our goal should be, to help every person get back in their home as quickly as possible, as inexpensively as possible you cannot do that under environmentalist driven left wing provisions california has right now it would be impossibly long, i hope president will use emerge powers or call on congress to do it we should not dump billions of dollars into
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california coastal commission control because they are a nightmare oppose all new building, fox ought to be allowed to rebuild as quickly as possible as inexpensively as possible you are a wealthy of knowledge experience now putting that to work in a new cumenty proud narrated with your life callista journey tonight on pbs looks fantastic celebrates achievements stories of individuals who emigrating to america i want a sneak peek and hear more about it watch. >> immigrants have come to america from around the world for many reasons. . >> south poverty others recommendation freedom so many for potentiality of a better life,. >> i came to america --
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>> the promise of freedom and opportunity continues to be a powerful draw for those making their journey to america. grandparents did it from italy looks inevitable i can't wait to watch it premiers tonight 10 pm eastern available for streaming on all stations branded pbs platform tell me about this project. >> well, callista and i feel very strongly good to oppose illegal immigration but good to favor legal immigration, callista's gram from poland through ellis island in 1907 president trump whose mother from scat landed nation of immigrants we want to stay in joining to america, this is important for america, to continue to be open, if you want to come legally, and obey american law. maria: absolutely, when they came like my grandfather back
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in 1906 italy all they wanted to do was work they wanted a job they wanted to make sure, that they could build the promise of a new world. >> that is part of the key part of what went wrong rise of welfare state revisors to type of how to be american. >> newt gingrich joining us quick break then closer look at artificial intelligence, in the healthcare industry. we are talking about that and how the next trump administration could make an impact there, ceo founder jonathan ambitious with more you are watching "mornings with maria" live on "fox business" stay with us.
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technology and ai advances at lightning speed in healthcare industry, companies like health data will platforms zus using artificial intelligence to make patient care more efficient, joining me now ceo founder of zus health jonathan bush also former ceo/co-founder of health. >> thanks good to be back. tell us what you are doing, at zus. >> well zus you go to doctor right, and they have whatever
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they've written about you give you a clipboad ask what happens happened basically american doctors only path getting with whole picture of a patient that is crazy in 2026 what zus does pulls data about given doctors patients together one mace, integrate ittious ai as pointed out to rate different documents different formats create a single view, you sort of can't imagine in 2026 after all money on emr's doctors have fragmented view now they won't anymore. >> this is about organizing, records your healthcare records, obviously, what you have done before, and ensuring that all that information is in one place, to give your doctor a full picture of your health? >> you got it. then follow you to next place
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next place we've got really good tracking of dominoes pizza no idea when patient is referenced for image the doctor can't follow it 90 days later a fax -- comes in, you can sort of, doctor can remember yes guy over there read it now all, tracked as single picture without making all the doctors providers no one one, one hospital whatever to have single information. >> there is a need for it, we need to ensure, that about we have all the information, and that is the key, right there is a need for it and you are answering that need. that is a lot of data jonathan how do you protect that ensure doesn't get into wrong hands? >> yeah, you know read about compute demands of ai don't quite -- i didn't get it, until i saw, you know just how much my bill from amazon from when i started one patient
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maybe a dollar for a doctor to add zus -- aggregated profile three dollars, a lot of building efficiencies this is enormous vans as big as when i started, with todd in 1997 nobody using, just browser internet to read write we enjoyed from 97, next decade and half a great economic growth, from the integration of work, that happened on the internet, we are in for another one of those, if we can keep compute costs down get efficient having that is the, focused on silicon valley happy to pay anybody donate support loaf me alone the but will and invent but bumping up against old world they need more power climate agenda no more power we should all go
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backwards eat less cooked foods to use less electricity? all of a sudden we are seeing cap lifts showing up going to work for trump et cetera, so that, are regular things we took for granted like electricity, can be there. >> exactly, you are hitting on exactly the conversation of the moment, and of course president biden signed executive order today addressing artificial intelligence infrastructure, he says this quote i am signing historic executive order to accelerate speed at when we billed next generation ai infrastructure in america hands economic competitive national security a.i. safety and clean energy, why joe biden is waiting until 11th hour to make a change this is a priority for president trump. >> because -- you said to me i read it a lit like about dragging klaus across the
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chalk board a climate agenda -- >> what? >> -- oh you know, in this -- >> boondoggle? >> we are going to use department of defense of energy to build dedicate centers build with clean energy and we will have to check to make sure we are happy with your ai work, this is what caused, mark an andreessen to jump into trump land. >> this is what this executive order reads, slipped it in have, you know he strengthening, security requirements evaluating national security implications of ai models, the famous "from andreessen being in a meeting said from executive branch no, you should focus somewhere else we will handle a.i., you know. >> what -- invest in other
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things you know, instead of delivering food, and marc said what are you talking about everything is going to use ai, what are you thinking made non political guy political, demographic of all society. >> great to see adifferent joanie at jpmorgan health afternoons after what we saw unitedhealth. >> 25 we got to jump so sorry, great to see you jonathan bush. we'll be right back. . ...
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maria welcome back. the senate confirmation hearings kickoff in about 30 minutes from now. defense secretary nominee pete hegseth will make the case before the senate arm services committee at 9:30 a.m. eastern. we've got a market rallying right now with 30 minutes before the opening bell sounds. i want to thank everybody today for being here, todd piro, chris mcmahon, and cheryl casone. stu, take it away. stuart: good morning, maria, good morning, everyone. a new fire erupted in the los angeles area. this one is called the auto fire and it broke out in ventura county. the wind is picking up again. gusts of 50-60 miles an hour forecast that has everyone worried about fires jumping quickly from one place to another. many evacuees can't return because they don't know where the fires break out next. there's also a developing problem with
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