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tv   Mornings With Maria Bartiromo  FOX Business  January 15, 2025 6:00am-7:00am EST

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i see a fighting team of brave antibodies. but the flu is coming in strong! the good news is, anthony, the human we're tasked to protect, just got his flu shot! which supplied us with strong new gear to defend against the flu. so let's go fight for anthony! are you with me? vo: let's work as a team to defend against the flu. gear up with a flu shot to help protect others, and reduce your risk of being sick or hospitalized with the flu. learn more at getmyflushot.org maria: good wednesday morning, thank you for joining us this morning. i am maria bartiromo. it is wednesday january 15, your top stories right now. 6:00 a.m. on the east coast. confirmation hearing for president trump cabinet after democrats do their best to attack trump secretary nominee
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pete hegseth embarrassing themselves for not even asking questions focused on the dangerous issues facing the country. such as ukraine, china, the wide-open border, pete hegseth did not appear to get rattled by the personal mudslinging. >> the department of defense under donald trump will achieve peace through strength. in pursuing the america first national security goals will remain patriotically apolitical and constitutional. maria: coming appearing through secretary of state picked marco rubio cia director nominee john ratcliffe among others, the full preview coming up right here. a bold idea from president trump announcing the external revenue service or ers to collect tariffs, duties and revenues from foreign sources also today the house ways and means lien the first hearing on extending the trump tax cut, the chairman of the committee jason smith
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will be here in the 8:00 a.m. hour, the markets indicated again at the start of trade take a look at futures, indicating gains across the board the big banks reporting earnings, jp morgan, wells fargo, citigroup all out in just a few hours the numbers and the impact as soon as they cross. key inflation data coming up the december consumer price index is out 8:30 a.m. eastern. all hands on deck with reaction, european markets higher take a look at the gains across the board in the eurozone in asia overnight markets finish mostly lower fractional moves across the board and the agent of disease days before trump takes office israel and hamas reportedly finding agreement on a cease-fire and hostage negotiation. we have the very latest joining the conversation all morning long bullseye ingenuity fund manager adam johnson is here from acting ice director jonathan fahey is here in slate stonewalls partner and chief market strategist kenny polcari is here. "mornings with maria" is live
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right now. maria: we kick it off with a hot topic of hour president trump's defense secretary pete hegseth lays out his omission for the next administration during the senate confirmation hearing yesterday. >> i'm going to work with president trump and this committee to restore the warrior and the pentagon and throughout our fighting force unlike the current administration politics should play no part in military matters we are not republicans we are not democrats we are american warriors. our standards will be high and they will be equal, not
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equitable. maria: democrats wasting no time in attacking pete hegseth. watch. >> you have many concerns about your record in your public statement because they are so hurtful to the men and women who are currently serving in the u.s. military, harmful to morell harmful to good order and discipline. we will have to change how you see women to do this job well. i don't know if you are capable of that. >> in you casually cheat on a second wife and she on the mother of a child who was born two months before in utility are completely cleared. >> how is that a complete clear. >> what are you afraid of you cannot answer this question, yes or no did you lead an audit, do you not know the answer. maria: oklahoma senator markwayne mullin by flipping the script on the other side of the aisle. >> how many senators have showed up drunk to vote at night?
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have any of you asked them to step down and resign for the job? don't tell me you haven't seen it because i know you have and how many senators have gotten a divorce for cheating on their wives? did you ask them to step down? no it is for show, so ridiculous that you guys hold yourselves as a higher standard and you forget you have a big plank in your eye, we've all made mistakes. >> markwayne mullin was barred on. it was all for show. it was a big show and unfortunately that showed me yesterday these hearings mean nothing. can you imagine that we saw all of the conversation and attacks about his marriage and drinking no questions on ukraine, no question on the national guard potentially needed at the open border. where was the substance in the hearing. it shows where the democrats are
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coming from the history and they really just embarrass themselves. if you really look at this one of the issues are fighting back on his gei which is the pillar of the democratic party you put abortion, di, that is the democratic party with a little anti-trump sprinkled in their and they don't even recognize we have a major problem with the defense department. they cannot recruit anymore and they don't recognize the problem. it's kind of interesting though so hard on pete hegseth but did anything say anything when lloyd austin went a-wall and was in the hospital and nobody knew about it, did anyone of the democrats say a single thing about it, that is far more important than anything 20 years ago with pete hegseth, he's going to bring back the recruiting which is so low in they need 70 like pete hegseth to do that. maria: i was thinking, the number of ships in china has to come up, i keep thinking, the u.s. navy has 200 plus ships in
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china is looking to acquire 450 ships, they have to ask about the lack of readiness, not even a question there. >> not a question of what's going to happen with china or taiwan, that is brewing and we know that, none of it to your point pete hegseth is going to do great for the military terms and attracting the new generation of young men and women and he's going to be the face of it but not a question about china or taiwan and not a question about the other threats that are building around the room. maria: i thought it was embarrassing president trump's foreign policy will sit for the confirmation hearing later this morning secretary of state marco rubio, cia john ratcliffe among others and pam bondi will also sit for day one of a two day
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hearing this will continue let's see if they continue to embarrass themselves and not even discuss or address the issues of the day and just try to sling mud. >> the good news senator marco rubio is one of these guys, if anyone is able to pair their criticism certainly he will know how to do that, pete hegseth is coming from outside the beltway, i was impressed the way pete hegseth handled himself yesterday he was far more professional than many of the lawmakers were questioning him. marco rubio will be very strong today, to your point about substance, can we please finally get over the dea, the esg and let's get to issues that matter. why did send buddy not question mr. pete hegseth why there most number of ships ever are actually in dry dock and being repaired because i'm willing to bet he had an answer for that. maria: that's what i'm talking
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about the number of ships that the u.s. has a number of navy is a big issue, jack keane talks about it, were outlander outgunned not a question about any of that. we will see if they would keep playing showtime or going to get to business. this day in the next couple of days, were just getting started a lot coming up let's finish the break and check markets, futures indicated another pretty good rally at the start of trading dow industrial 92, the nasdaq of 53 ahead of a busy morning bank earnings and inflation data coming out right here live commonwealth financial chief investment officer brad mcmillan for the preview of all of that. you are watching "mornings with maria" live on fox business. we'll be right back.
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maria: welcome back futures indicated a rally at the start of trading, 97 the nasdaq 52 about a quarter represent, cb 500 up 11 major banks kicking our fourth-quarter earnings this week, j.p. morgan chase, wells fargo, citigroup and goldman sachs all reporting coming up this morning, bank of america morgan stanley will report tomorrow. commonwealth financial network chief investment officer brad mcmillan, great to see you thank you so much for being here, what are you expecting from the banks this quarter. >> i think it's going to be a good quarter, there is a lot of worry about how the economy is falling apart and the jobs report that we just got in worries about the demise are premature at best. i think you will see reversal of loan-loss reserves. you will see relatively strong performance in going forward which is the real question, the guidance we are seeing the yield
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curve normalize so i think it is going to be a lot more optimistic looking forward than they have been. maria: now that were talking about the fourth-quarter likely more important part of the story is what they say about 2025 angela get a backdrop of trump policies coming in. a lot of deregulation which is major. maria: this is beneficiary the biggest beneficiary of deregulation is the bank. >> in the energy sector as well for the drill baby drill that we talked about. and what drops off, if you look at the average of all the companies that are reporting and revenue growth of a preset book rooted over 22% that's turning leverage that is powerful that's a reason to own them. >> that margin expands and that's what drives stock prices in the market and for the sector in particular is a very good sign going forward.
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maria: would you buy the bank. >> i think it probably would with the interest curve normalize in the deregulation i think there's opportunities ahead. you also have inflation data in the december cpi number out this morning that's a big market than the ppi we saw the markets move on ppi, the expectation of pretense of 8% month over month. the cpi is expected to be 2.9% year-over-year. >> the cpi is to the upside the cpi and the ppi has been stronger, yesterday's ppi was weaker than the estimate but it was higher than last month which is not what they wanted to tell you it was a higher than last month, that being said loan-loss reserves and looking at the banks think you're going to raise their loan-loss reserve which will signal the worried about going forward in preparing about mortgage defaults.
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>> that is interesting i disagree on looking at the job growth in the wage growth in consumer confidence. people have the money to spend. until job growth reverses in consumer confidence falls apart i think consumers are okay. i think the banks. >> it's good to be telling what the banks do with that account if in fact they reduce it then to your point they're not worried. if we see them raise what they're putting into the loan reserve account that says there preparing for tougher times ahead. maria: let's look at the tenure ever since the fed had the hawkish. at the end of last year rates have been going higher and everybody telling us rates are coming lower the tenure yield right at 4.77% that is down on was two basis points. where were we in december, we were down four and a quarter. what happened was the impact of the spike in rates? >> what is interesting, we are seeing the decoupling between what the fed is doing and what long-term rates are saying and
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what that means, not that the bond is waking up fully but maybe they're starting to stir there is a fear that inflation is not going down we will not see the rate cuts and i don't think we are. inflation is a lot stickier than we've seen. maria: no rate cuts? >> i am with you not for the next year. i now see a rate cut. it is in july i don't see how it could happen. i think the risk is to the upside. the question doesn't matter if you have 11 - 12% earnings growth, just instability on inflation maybe we don't even need it. i think it's a variance that is killing us, the stability once we get that we can plan to move ahead. how do you want to allocate capital. >> i like the u.s. market that i like equities over the near-term certainly the medium-term, i don't think it's time to get defensive but there are opportunities in corporate bonds as well. there is no screening bets, stay
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with your plan, move ahead and you'll be fine. does that include big tech like adams nvidia? >> your ingenuity fun. >> with that can they keep up the pace. so far they are i would continue to write that i'm not sure i would add to it at this point. we don't add to nvidia and the mag seven you hold on. you hold on for sure, i would add if they pull back i am not going to chase them. >> i added yesterday. i did. i hope you're right. me too. a lot of bulls on the panel. do you have an opinion jonathan? >> i agree with everyone. good to have you we appreciate it, we're going to slip in a short break, congress has been reporting adding wildfire aid to
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the next continuing resolution california have a difficult task of rebuilding the communities, arkansas congressman bruce westerman had a briefing from the first service yesterday everything he learned coming out. we will talk with him, first the fox business max gorden is like this morning the malibu which looks unrecognizable with a wildfire update. max? >> good morning the new threat of high winds another challenge for firefighters. we will have the latest coming up. where ya headed? susan: where am i headed? am i just gonna take what the markets gives me? no. i can do some research. ya know, that's backed by j.p. morgan's leading strategists like us. when you want to invest with more confidence... the answer is j.p. morgan wealth management
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♪ ♪ maria: california is facing another day of dangerous winds as firefighters are battling to bring several wildfires under control, new details about how the fire started fox business max gorden from los angeles right now with the very latest with winds between 45 to 70 miles per hour the situation is been extended to the national weather service with high fire danger, they need to jump in and there has been from fires overnight, luckily none of them have spread to park there are a lot of firefighting in
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california, thousands of fire personnel ready to jump on the flames. but the death toll from these fires has been climbing. now up to 24 people. meanwhile the shift is focused onto the start of the fires, on the entire several lawsuits allege that california edison, southern california edison might've been behind the start of the fire cell phone video that shows flames underneath transmission lines when it comes to the palisades for the atf is on the ground, conducting interviews and looking into physical evidence as well as digital evidence. an article from the washington post says the start of the fire might be due to a flareup of a previous fire back on new year's eve, that was caused by fireworks. a lot of questions to why these fires might have started but firefighters have made significant progress, the acreage of the fires has not increased over the past day or so and containment numbers are starting to creep up but the underlying message here is the
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winds could flareup a more fires can spread, the embers from these fires further and folks in southern california are not out of the woods just yet. maria: thank you very much, max gorden, box corporation beta $1 million donation to the red cross as california wildlife relief efforts, go.talk/red cross or by scanning the qr code on your screen. my majority leader steve scalise says affixed our forest act will be brought back for a houseboat next week that aims to protect against catastrophic wildfires in los angeles had passed the last congress with overwhelming bipartisan support but it never made it past senator chuck schumer's desk joining the arkansas congressman bruce westerman and chairman of the house natural resources committee in a license forrester, good to see you, thank you so much for being here, you introduce the bill i want you to tell us what is in the bill you received a briefing
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from the forest service about the l.a. wildfires can you tell us what you learned yesterday from the forest service and what's important about the bill. >> good to be with you a terrible tragedy we've seen taken place in southern california breaking from the forest service did not give us a lot of information, how many acres have been burned, the four major fires out there, the palisades fire being the largest fire which is the least contained fire in the ian fire which was just talked about on your show, now we think could've been caused from a powerline. when we talk about fixed our forest act that's one provision in the that gives utility companies the right to go wait in clear underbrush out of the right-of-way. these fires in california are a different animal. a lot of the fires on the angeles national forest but
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these are steep canyons, it's not what you typically think of as a forest chaparral and scrubby oak trees more of what we would think of the thicket. when you get fire with a steep slope and the wind it's hard to contain the fix our forest act to help communities like these allows you to create a defensible zone on the perimeter up to the neighborhood, that's what we call the wildland urban interface this is the last place where emergency firefighters can get in and stop the fires before they start with the devastation like leucine, over 12000 structures destroyed and another 50000 are being threatened by the fires right now. maria: unbelievable, why was it it allowed to clean up the brush in the forest before. i do understand, if you very, very dry shrubbery and it's all
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over the floor needs to be manicured why wasn't that been done? >> before we love our trees to get them reported environmental law in place that a bit abused and weaponize and are doing more harm for the forest which is something we will see after this reins, and mudslide in erosion, you're doing damage to air quality and water quality and damage to wildlife habitat. we have to per common sense back into the equation we have to use the science of how to manage forest and create the defensible zones and how to build communities because once these things start you get the embers flowing they can travel a mile and reignite another fire. a very tough situation to make these areas fireproof but we know things that you can do to get those authorities from the forest act which passed with a large bipartisan vote last congress in the house, my friend
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scott peters a democrat from san diego, he co-authored the bill with me when multiple democrat cosponsors and speaker pelosi voted for this bill along with 55 other democrats but chuck schumer would not bring it up for about. maria: why when it chuck schumer bring it for about, we've been talking about the policy failure all week in devin nunes former california congressman the head of trauma media said is very simple it is logging, grazing and water and they did not do the logging they would not allow the timber industry to cut down trees, they would not do the grazing there the farmers out of their and they did not want the animals to be eating and grazing and they did not store water, these are policy failures are using these could've been avoided with different policy?
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>> we had to pass the bill at the end of last year would've stop this fire but this is policy that we've been tried to get past i've been here a decade and we've gotten policies like this pass. we had small victories and thinning projects around south lake tom and the whole communities we know this works it has to be put in place to redo sleep in the bed that you make in these policies have made a really bad bed the people in california have to sleep in. maria: let me ask about trump's and coming policies, the president-elect is preparing dozens of executive orders to boost america's energy dominance right after he gets warning on monday. and instruct agencies to unwind limits on drilling offshore and federal land and to push for a rollback of tailpipe admission rules he's described as an evening mandate, and resume approvals for plants export national gas, natural gas, your
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thoughts on executive orders and what can be done on day one? >> president trump made it very clear that he wants america to be energy dominant, those executive orders and policies that he promoted will help get america on the right track for that we have a lot of policy that we need to pass through the natural resources committee and other committees they give americans access to the vast energy deposit that we have and unlock the order that biden made to take 624 million acres out of production or even possible production on the outer continental self in a 180 and a full speed ahead with the current administration for the next administration. i'm very excited about what president trump and republicans in the house and senate will do to create energy dominance in america. maria: we will be watching all of that coming up, good to talk with you. thank you so much.
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bruce westerman. how americans are protecting the cyber infrastructure keeping bad actors from attacking us online, retired four-star general and nsa director keith alexander with the national security issues surrounding the cyber attacks. you are watching "mornings with maria" live on fox business. stay with us. ♪ maria: this week on "mornings with maria" tomorrow small business committee chairman roger williams on how the republican majority will help struggling american business owners, friday bank of "america reports" third-quarter earnings, global market president jim demar will join me it is all right here on "mornings with maria".
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maria: welcome back the department of justice and fbi announcing a month-long operation to remove chinese malware plug acts from thousands of infected computers across the world court documents show the china's government was paying hackers to steal data controlled the computers this revealed two weeks after the treasury confirmed a cyber attack were chinese hackers accessed unclassified documents. the biden administration is putting sanctions on the chinese cyber security firm behind the salt typhoon act. in espionage that targeted the trump campaign and tapped the phones of top law enforcement officials and influentials across the country, the firm behind the hack not publicly identified. the washington post says this designating the company will not
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stop china from spying but it could help expose beijing's growing practice of commercial firms to carry out state-sponsored intrusion, joy to meet retired four-star general nsa director and head of u.s. cyber command general keith alexander, great to have you. thank you for being here. >> thank you, good to be here in good to see you. >> assess the national security threat and what we want to get to how do we defend ourselves against the poor and bad actors but assess the threat for us. >> you hit great point upfront about china first and foremost they have been hackett intercountry for the last 20 years stealing intellectual property, the biggest push and theft of intellectual property and the greatest transfer of wealth in history over $500 billion a year. recently as you noted china has been getting into our critical infrastructure.
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by getting into the critical infrastructure, what they are doing is setting the stage to attack us if there is a threat or if they move on taiwan they are sending a strategic message saying were prepared to conduct cyber operation intercountry and you cannot stop us. there right where we sit today. our system is not ready to handle that kind of threat. we need to take the step very seriously, we need to move on it and in my experience working with china in the past they say they will do something but they don't they said they would stop stealing intellectual property and they didn't they said they did not do this and they have and is in their national interest to stopping us should they choose to go after. this is a strategic message and it's interesting, president trump said when he was in office before, authority set they gave
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nsa and cyber command ability to hack back or go would get some of these, we need to expand that we need to get very seriously of how were organized and will be going the future. maria: what are they doing with information why do they want to hack into the phones what are they finding and how are they using it against us? >> they grab personal information like yours and mine and they take it and use it to get into networks that you or i are in and they call that living off the land and they look like a normal u.s. person going into another facility is very difficult to detect. the living off the land of the capabilities that they created gives them an extraordinary ability to hack into critical infrastructure like her energy and water and other key things that we need, power we need to
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go after that in a serious way. >> there are other ways of the ccp is conducting surveillance that's what we hear about tiktok as well and somebody people who abuse the visa process and are here conducting surveillance, the ban on tiktok is coming this sunday if the parent company by dance can't sell the app to a u.s. buyer will become illegal for the app stores and web services to sell or distribute in anticipation some tiktok users, some americans as well flocking to another chinese app which is largely chinese a little red book or read note it's a heavily censored out and used exclusively by chinese speakers what is your stance on the tiktok beyond in your observation of americans going to the southern chinese app. >> from a national security perspective think about china
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having access to 170 million u.s. phones and sending messages. if there is an engagement on taiwan they could say we are the victims and spread the disinformation to 170 million people. i think if tiktok is to remain it has to be under a u.s. authority a u.s. person and we have to assure that that does not allow china any access to the phones or ability to send access and any other things that could hurt us in a wartime situation. maria: is anything else that we could do to stop china from the bad behavior. it is ongoing and it seems to never stop without much response from the u.s. >> that is the key point that i would make, there stealing $500 billion a year end intellectual property and they have been doing that for 20
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years. the way that we stop that is by organizing our cyber defense capabilities. our cyber offensive capability altogether. i think president trump has an opportunity to do a strategic defense initiative and cyber put these together, train the public and private sector in cyber for this kind of capability, share the information test, train and work it. if we do that the first thing we can do cut down intellectual property and give the authorities to punch back on those that are stealing it and protector civil liberties and privacy at the same time. we can do both this is where the nation needs to go, with a.i. coming it's an exponential threat to our country. maria: things only got more dangerous in the last few years and now president trump for secretary of defense pete
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hegseth.front of the service committee for the confirmation hearing yesterday democrats grilled him on the stance and qualification of personal history but pete hegseth remained unbridled speaking to the priorities on foreign policy, watch this. >> what i know on the nuclear side russia and china are rushing to modernize and build arsenals larger than ours we need to match that's, capabilities and systems we elevate will be tied to whether the capabilities are needed based on the officers. maria: what were your thoughts on the hearing you think pete hegseth has the experience of the defense secretary given his work in our military. >> the most important part he does have a background of defense, you see that in his time of the military. i think the most important thing that he has is the trust and confidence of the president, that will be very important, it's a big job as you know going into the defense department
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working with the secretary of the services in the general officers is a daunting task. he is a good person he's trusted by trump and it's an uphill battle to learn. it is a huge job. i think our country will benefit from it, there are some things he's got to get through which he did in the hearing yesterday and will see where the senate goes next week. maria: i would've liked to hear a few more questions about what we talked in the interview as opposed to all the personal attacks. i don't think there was enough spent on ukrainian china given the threat out there but of course it was mixed. it's great to get your knowledge and experience out this morning, we appreciate your time. thank you. >> thank you, you have a good day. general keith alexander joining us. stay with us. back. oh yeah.
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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. ♪ ♪ maria: welcome back the string the banker needs begins j.p. morgan wells fargo hitting the tape. >> strong numbers is expected will start with j.p. morgan that's what the street is looking for right now, earnings-per-share not adjusted for 81 the street was looking for 411, strong performance,
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revenue 42.47 billion the street was a stand for 41.7 billion credit loss provision loan-loss, document 2.63 billion they're talking about dealmaking at j.p. morgan the rebounding markets for the fourth quarter obviously traders reaping the rewards of that is the largest u.s. bank in this country. a strong economy and interest-rate cuts boosted the market and are talking about that as well as the bond market very bullish quarter coming in from j.p. morgan, a couple of comments that we always look for in this bank, geopolitical concerns remain the most dangerous and complicated that we've seen since world war ii they also say ongoing and future spending requirements will likely be inflationary, therefore inflation may persist for some time in this country, that is according to j.p. mo morgan, strong numbers over to
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wells fargo, 143 not adjusted the street is looking for a buck 35 if i'm doing the math correctly a 60% jump year over year earnings-per-share what a performance 20.38 billion on the revenue side that coming in slightly lighter, the stock was moving higher, wells fargo in the premarket and it still is. a couple of things with wells fargo in the comments that are coming. the getting past the regulatory problems with the fake accounts and the scandal, after several years of minimal growth were growing or checking accounts. a lot more meaningfully in 2024 overall the fluid clients are starting to see many early benefits from the enhancement that they have been making. there also talking about strong market performance. they increase the dividend a wells fargo by 15% by the way and the credit card business is strong growth in their still
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spotted other credit cards. i'm looking for mortgage data on wells fargo, you and i talked about that earlier in the week and i'm digging into that. , goldman sachs a lot of input into anticipation at 720. maria: the stocks are up and that is added to the market rally this morning, dow industrial 164 with a gain of j.p. morgan as well, wells fargo better than 2%. in florida the rv super show kicks off the 40th year this week 75000 attendees will get to explore more than 1500 new rvs for sale, my next guest in industry leader in rvs, blue compass rv will have 175 rvs on display this week, joining us now live from the show's blue compass rv president and ceo john fernando, great to see you, thanks so much for being here. >> good morning, thank you for having me. >> is an important show. i know the displays are bigger
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than football fields in terms of the number of rvs that you can see, what can you tell us about the show what are your expectation about the buyer on the ground in the demand for an rv today. >> thank you, we are super excited at the florida state fairgrounds in tampa for the florida rv super show the 40th super show the super bowl of super show of rvs shows. there will be 30 football fields of rvs on display over 1500 rvs. expectations are high, blue compass rv, our company, 100 dealerships "coast to coast" in 33 states we launch the company seven years ago and were having a lot of growth and success in good momentum and what is exciting about tampa super show it's a kickoff to the year for
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rv sales we expect 80000 buyers to be coming through the gates this week rv enthusiasts come from all over florida and up and down the east coast to check out the great rv products on the ground and blue compass has eight displays here including airstream or the number one airstream dealer in the world and this is a great way to kick off the year end defend our crowd. maria: i want to know what the new bells and whistles are for some of the rvs. i know this is the typical person second biggest purchase after their home their next biggest purchase is going to be an rv and were talking about the macro story all morning about economy that is slowing you
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needs a lift from some policies coming in, what is your take on what people are gravitating toward and the trend in the industry as people try to look for value. >> thank you we are excited 2025 had an incredible few years during covid where people were rushing to go enjoy the outdoor experiences and by rvs the last couple of years macro headwinds with higher interest rates. as you said most consumers the second largest purchase they usually finance it to step in to a arb purchase and we had higher gas prices in today the outlook is much better. american consumers are more confident this is a great american industry, most of rvs are manufactured in america as far as the rv products, the quality is at the highest it's
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ever been we have solar, wi-fi and were hitting lower price points for consumers they will be $10000 less in their selling a year end a half ago. the great products and the great price point. >> i know you have price points the full map, you're talking about 10000 less than what many expected but you can go all the way up, give us the range of price points for an rv. >> we have the full range of products and price points from here at the super show, $12995 lightweight travel trailer all the way up to one point to million dollars luxury motorhomes and every price point in between. no matter your budget we've got the price point and we have the
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exact product you would need. maria: are people prioritizing more affordable rvs going into 25, how are they making the decision on what to go with, is it a value call? >> it's definitely a value call, the good news is interest rates are lower, gas prices are lower and you can fit into a lower monthly payment. as i said in the industry and blue compass we've been very focused on creating products at lower price points and we've been very successful at doing that in the rv consumer is looking for today. maria: you said airstream is real important in the future blue compass what can you tell us in terms of what the activity is there in the new bells and whistles, what do people want in their rv today a lot of technology.
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>> they are looking for about more technology there looking for solar, wi-fi and all great new features we have everything imaginable here at the super show i'm in the airstream exhibit were very excited about this week. as i mentioned the number one airstream dealer for five straight years. it's a great product and we expect super high demand for airstream products as well as other products this week. maria: this is one of the great domestic industries and we've been talking about tariffs on your competitors or tariffs from china beaded issue but the typical buyer of an rv is all about the greatness of america, isn't it? >> absolutely, this is a great american industry. our buyers are passionate about america you see in the great outdoors, traveling across america, spending time with family and friends almost one
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100% of rvs are manufactured in america. tariffs won't have a large impact on rv product prices, this is really a great american industry, almost 700,000 american jobs tied to rv maria: i love the idea that so many of them are made right here in indiana, actually. let me get your take on where people are going because these deadly california wildfires left thousands of homes destroyed. more residents displaced. do you anticipate people will turn to r vs as their new homes while they rebuild? have you seen any impact from this? >> yeah, that's a great question, maria. and we have a long history with natural disasters. that was certainly a tragedy and i know it's still ongoing. our experience is it

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