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 does

increase demand for rvs. certainly right away. we're always there at blue compass to help out with people displaced from their homes to put them into rvs, to be able to work through the fallout from the natural disaster, so we definitely see a quick increase in rv demand, rv sales. we're also there to help out and then overall i think it's a net positive too as people want to explore the outdoors. maria: we'll leave it there. john, it's great to have you. you'll be back on any. it's early now so we can't get a sense of how the rv show is kicking off. you'll tell us that on friday to give us a sense of demand. thank you for joining us this morning, john. >> thank you, maria. maria: all right. it is time for the word on wall street, top investors watching your money. jjoining me now ispayne capitalt

president, ryan payne, also with us is adam johnson and kenny porkari. we were talking about the macro story and rvs. we're watching the market rally because bank stocks are leading the way. jp m morgan, wells fargo reportd a double beat on earnings. wells fargo is up 2 and two thirds percent. jp morgan investment banking revenue up 46%, wells fargo investment fees up 59%. these are animal spirits. i think they're expecting animal spirits to continue with deregulation coming under trump. >> i'm not surprised but it was expected to be a strong quarter. it feels like that's how it's getting started. we've had two of them so far. let's see what the rest of them do. i'm not surprised. i think financials will be a place you want to put money. i just wanted to know for like jp morgan, loan loss reserve account i know it was

2.6 billion or something but are they added more money to the account or are they not? that's going to be an interesting take on what the banks think about what the future holds. if they're raising the money in those accounts, that means they're a little cautious about default. maria: feels like good sentiment on the financials. as adam said earlier, the energy sector will be a pay juror major beneficiary of the deregulation. you have to believe the change in sentiment about deals, that's a positive. >> that's a huge positive. i like the group. maria: the deficit rising in the first quarter of 2025, more than $710 billion on continued government spending. what's your take in terms of how they're going to address this. >> what a buzz kill after those great earnings. maria: yeah, a buzz kill. >> no, i think it's a big problem if you look at it. we had tax receipts go down and

interest expense is going up and i think the one bui thing in the government we had for a long time, interest rates were going down so financing was going down and now you have the opposite problem. the biggest issue if you look at the 10 year treasury, is i think costs will continue to go up and i'm hard-pressed to believe we're going to be able to cut the deficit overnight. if you look at the fact that we're looking to cut taxes, that's less tax receipts for the government. if you're looking at the job market it's extremely strong here, wage inflation will probably continue to go higher here. if you look at tariffs, i don't know what effect they're going to have but it's probably more inflationary as opposed to less inflationary so if you have higher interest rates, you have more government outlay, they're going to continue to go up here and you have less tax receipts, this is a recipe for a deficit that's not going down any time soon and $1.9 trillion in interest -- excuse me, $1.2 trillion in interest rate

expense, that's huge, that's over the whole defense budget. maria: president trump made the case when you lower taxes have you a broader number of people paying in and you raise more revenue. we'll see. he's counting on that. another bold idea from president trump yesterday, i have to get your take on this. external revenue service, not the internal revenue service. they're talking about -- the president-elect announced he's creating an external revenue service for the tariff threat on foreign imports, he will use it to collect tariffs, duties and revenues that come from foreign sources. we'll begin charging those that make money off of us with trade and they'll start paying finally their fair share, the president wrote on truth social yesterday. your rezack there's two ways to look at this, the good and the bad. first i'll give you the good. if we were to put a 10% tariff on every import and there are $4 trillion worth of imports, we would raise $400 billion.

that would pay down the deficit by half because we have a $700 billion deficit. you say that's a great idea, 10% tariff and we cut the deficit in half. that's t the good. here's the bad. it's bigger government. i believe smaller government is better government, number one. i don't like interventionist policies like erecting tariff that's get in the way of free flow of goods and services so i really struggle with this as a solution, maria. maria: i mean, look, you know, president trump has talked about cutting government, you know, eliminating entire agencies so it's hard to believe that he's actually going to expand even though, yes, he's announced this ers yesterday, external revenue service. >> currently, tariffs are collected by believe it or not border control, u.s. customs ad border control. do you keep the ers under their uauspices.

do you create a separate agency? i don't think so. the whole thing feels inconsistent to me, to be honest. >> if they cut government in other places and have the ers, you're not increasing the size of government because you cut it over here and maybe you add some over here so you haven't increased it. >> you haven't accomplished your goal if you're going to create another agency. >> the only goal you accomplished is the $400 billion in tax revenue that's going to come in and pay down the deficit. >> democrats are the ones who have been accused of tax and spend and now, wait, republicans are going to do this too? it feels inconsistent to me. maria: look, i think we have to address this incredible optimism that is underway right now. people are very optimistic that the policies coming in from deregulation to tapping into the energy in america to extending the tax cuts, you know, are going to be a big jolt for corporate earnings. is that the way you all see it.

>> yes. >> yeah. >> i do, yeah. but it comes with more inflation and i think that's the big issue. maria: that doesn't have to be a given. we've had people on the show -- jay hatfield, infrastructure capital head, he says the trump policies are actually anti-inflationary and people are getting this wrong because they are just assuming that growth leads to inflation. doesn't have to. >> i have a wall in china i want to sell you as well. it's good inflation because we have better growth but you can't get away with 3% gdp growth, you can't get away with the deficit spending we have right now without being inflationary to some extent. it's naive for us to think the pro growth policies will solve the problems of the deficit. maria: would you sell into the rally right now. >> i would buy. stocks are inflationary. >> proof is in the pudding. all three of us want to own and we are buying. maria: let's slip in a short break. thank you for being here. quick break, we're just getting started this hour. we take you live to california.

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maria: welcome back. california is facing another day of dangerous winds as firefighters are battling to bring several wildfires under control. this morning new details about how these fires started. fox business' max gordon in malibu, live right now. max. >> reporter: hey there, maria. another day of extreme fire weather, high winds, very dry conditions. you can feel the dryness on your skin right now. the national weather service calling this a pds, a particularly dangerous situation with winds between 45 to 70 miles per hour. they've extended this warning until 3 3:00 p.m. today, firefighters needing to jump on any spark, any inferno, trying to get these things out. there's a lot of firefighters on

the ground right now, about 15,000 fire personnel from across the western u.s. as well as canada and mexico and now thoughts turn to why these fires started especially the palisades and eaton fire. right now, several lawsuits allege that southern california edison, the utility company down here, might have played a role in sparking one of these fires, the eaton fire. video shows flames underneath a transmission line and on the palisades fire the atf is on the ground right now investigating this incident. officials from the atf are looking at physical evidence as well as conducting interviews and looking at digital evidence as well. an article from the washington post points the finger to a fire that started on new year's eve because of fireworks and there are questions whether the previous fire may have reignite inned the santa ana wind event. the death toll has been going up as well. 24 people now confirmed dead. yesterday the medical examiner's

office said perhaps 25 were dead but the remains of the 25th victim turned out to not actually be human remains so the death toll has moved back down to 224 24 but more folks could e found in the remains of some of these buildings. the overall message here in southern california is even though progress is being made on these fires is this a very dangerous situation out here with the winds whipping up, very high fire danger and any spark could start an inferno. maria: so upsetting. max, thank you. we will keep following your work. max gordon on the ground in malibu. fox corporation made a $1 million donation to the red cross' california wildfire relife efforts, the campaign combined the fox news employees and viewers raised $3 million so far. can help by visiting go.fox/redcongress or by following the qr code on your screen. there's calls for the mayor of

la and the governor of california to resign. 1.3 million signatures in five months are required to begin the process. newsom already survived one recall attempt in 20211. a change.org petition to oust mayor bass gained more than 140,000 signatures as of this morning. i spoke with arkansas congressman bruce westerman, a licensed forester, about what what went so wrong in the golden it. >> we put environmental laws in place that have been abound have been weaponized and they're doing more harm for the forest which something we're going to see after this is rain is coming so we'll see erosion and damage to water quality and damage to wildlife habitat. we have to put common sense into the equation. we have to use the science we know, how to manage forests, create defenseable zones and build fire wise communities.

policies have made a really bad bed that people in c california having to sleep in right now. maria: what an incredible situation that we still see these fires not fully contained, jonathan, your reaction. >> it's amazing to me that we were talking earlier in the green room that the fires are still going on. we're well over a week. and it's interesting with these recount efforts or recall efforts because you want to think these californians are going to wake up and change course because there's literally no leadership at all on this. you don't see a ron desantis in california the way he is in florida but it is funny because californians, particularly the elite, are so invested in the persona and identity of the dei identity and typically they don't face the consequences, the elite don't, of the disastrous policies and one things that's striking is they are still i think this week doing $50 million bill to prevent illegal aliens from being deported from the state so it shows the priorities are so out of whack with the interests of

ccalifornians, i hope californians wake up in a serious way. one party rule is destroying the state. it's an ugly thing to watch. maria: unfortunately, this does go back to policy. your heart breaks for the fact that the backdrop in terms of the fact that they don't get a lot of rain and fires and the brush is -- the brush grows and it becomes brittle. there are issues that california has to deal with and it goes back to managing those issues. unfortunately, what the policy makers have done was stick to a narrative of the climate change agenda and didn't do any of that. here's devin nunes, a former california congressman who joined me on sunday with what he said is actually quite simple. watch this. >> 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 ls 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 an adequate abundant water supply and you're rationing water, the people that are building the homes, the city planners, they're not putting in green areas, not building fire breaks. if you run the farmers and ranchers out of the state of california, guess what, you don't have the animals to silt there and graze. so a combination of the proper land management would solve all of this problem. now, what's going to happen? they're going to -- 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. california will need a lot of money. maria: there's been a lot of criticism about the policies which is why people are trying to appeal to the republicans to

say okay, of course california needs the money but maybe you should have some kind of a promise of policy change but that's gotten criticized because of course they need the money now. >> they need the money now and they're also governed by people who are putting the environment first and ironically that's what's killing the environment. for example, you can't clear the brush that's growing on the ground, all that tinder that becomes fuel for a fire, you can't clear it because that would be inters interfering wite environment. you certainly can't back burn which is effective forestry management where you sometimes use controlled fires to get rid of some of that brush. certainly can't do that. they even -- the reason there was not water available for some of the fire hydrants was they didn't want to draw down water from the reservoirs because they were trying to protect a certain type of fish so they are so fixated on the smelt, on the eco logical balance that there is no balance between now you set the stage for fires to come in.

it's just -- it's a disaster. imagine a state as wealthy and as beautiful as california and yet it's so badly governed that 120,000 people leave per month. maria: yeah. and that is why you've got these petitions to get these leaders out. i'll take a short break. when we come back my next guest says we cannot let mark zuckerberg pass the buck on responsibility for meta's past censorship. new york post columnist, fox news contributor miranda devine is here to break it down after this short break. you're watching "mornings with maria" live on fox business. stay with us. 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: welcome back. new york post columnist miranda devine out with an op-ed high lighting meta's recent conservative changes including dana white to the board and joel kaplan as the chief global affairs officers. meta put an end to the fact checking program and dei initiatives, donating $11 m$1 millionto trump's inaug. miranda devine writes about what about $450 million in zucker bucks he donated to help democrats.

likely it changed the course of history, hiring a few trump allies and flying to mar-a-lago to kiss the ring is nowhere near enough. i spoke about the same issue with trump media ceo devin nunes on sunday morning futures. here's what he said. >> if zuckerberg is having a mea culpa moment that's great. let's remember, he spent $450 million of his own money to sway the 2020 election in favor of the left. so if he wants to do a mea culpa i think he should spend 450, maybe spend interest on top of that, maybe $550 million and he ought to help companies that are out there like fox news, truth social, now twitter with x, rumble, that have been fighting the censorship every single day, we wake up and fight the censorship. he ought to take that money and join the fight and go after the woke corporations that are continuing to try to starve fox and others of advertising.

maria: joining me now is new york post columnist, fox news contributor, miranda devine. great to see you. thanks so much for being here. so now it looks like he's doing a 180 and you're not buying it. >> absolutely not. look, i think it's welcome that he's changed these policies at meta. he's read the tea leaves and read the room. but he has a lot of atonement to do. i think devin nunes is quite right. why not become a champion of free speech with your money rather than a few cheap words. i think the problem really regardless of how repulsive mark zuckerberg's sort of personal about-face has been, i think the real point is that that much power over speech and thought should not be controlled by one man and especially one as -- who

has shown himself to be as much of a toady as zuckerberg. maria: i agree. but the power is in the hands of these social media companies, you know that, right? we'll see what happens going -- go ahead, miranda. >> i mean, it's not really because the administration has an enormous amount of power and that was why zuckerberg i think buckled so readily to the threats of the biden administration and just merrily censored away, the same power is wielded by donald trump and i think it shouldn't be used as a casual threat just to get zuckerberg and meta to do what he wants but instead to break up these social media monopolies, behemoths, just like teddy roosevelt did with the railways in the 1900s. maria: that's a great point, miranda. look, marge gle mark gloarg wene podcast the other day and was

telling everybody the biden administration was bullying them. how do you stop that, calling screaming take this down, censor this, censor that and he said it became really hard. now we see of course sam atman, mark zuckerberg and a lot of business leaders are going to president trump's inauguration on monday, choosing to go to washington instead of the davos forum in switzerland, miranda. >> isn't that symbolic? but look, i mean, zuckerberg was there, he was censoring away, he knew that he had been bullied by the biden administration and he kept his mouth shut during that landmark free speech lawsuit that went to the supreme court, murthy versus missouri which was initially miss sorry versus biden. he could have really helped that case a lot. instead, he just kept his mouth shut. maria: let me get your take on what's to come because the securities and exchange commission just filed suit against elon musk, miranda, over allegations that he misled

shareholders about his 2022 twitter stock buys. the suit claims that musk's delayed ownership disclosure allowed him to saving $150 million while buying twitter stock, musk accused of violating a rule which requires investors who own at least 5% st5%stake in a public company to disclose it by 5 days. gary gensler stepping down in a few days, trump selecting republican lawyer paul atkins to replace him. i know there's a lot of optimism around paul atkins, shutting down agencies, consolidating agencies, cutting regulation which is going to be night and day for corporate america but what's your reaction in terms of the musk suit? >> look, it's another example of joe biden weaponizing, plight politicizing the federal government to go after his enemies and gary gensler,

remember was the former cfo of hillary clinton's failed 2016 campaign, progressive democrat through and through, just obliging joe biden and it's another attack on elon musk who they regard as a turncoat because he embraced donald trump. so elon musk's lawyer calls this a sham and no doubt when paul atkins comes in, he'll discard it as a worthless attempt but what it will do is just provide more fodder for resistance media to attack donald trump and create a new scandal. maria: so compare the treatment of elon musk to that of mark zuckerberg, miranda, how do you compare these two? >> well, joe biden obviously has declared a couple of years ago that elon musk was persona non grata their enemy and he's had

coincidentally or not several federal agencies go after him and that was because of his decision to open up twitter to remove the censorship, to allow us to see how the censorship was conducted and really embarrass the biden administration and so mark zuckerberg on the other hand just kicked in good and really embraced all the policies. he's on record, there was a project veritas recording of one of his staff meetings in which he was all-in on every one of the biden administration policies including opening the borders and so on and so now he's decided at the 11th hour that he's on-board the trump train and certainly donald trump's invited him to mar-a-lago twice now since the election but i think it's more like a cat playing with a mouse. i think he enjoys watching him squirm. maria: i think you're right. let me get your take on the jack

smith news, the first round of former special counsel jack smith's report on trump's 2020 election case was released earlier this week. jack smith claimed that trump, quote, would have been convicted if he did not win the presidency, miranda. trump responded by calling jack smith desperate and deranged. former special counsel david weiss dropped his final report on the hunter biden investigations, weiss slammed prespresident biden for what hed was rewriting history after he said the prosecution of his son was political. this has to be somewhat personal for you as well. you did so much work on the hunter biden laptop and you wrote an incredible book, the laptop from hell, which is a must read for anybody, and now you've got joe biden calling all of this political. >> yeah, i mean, it's an irony, isn't it? just tackling the david weiss report, special counsel report on the hunter biden

investigation, it's a flimsy 27 pages, very thin gruel after six years of a really tortured and corrupted investigation. we know how corrupted it was because of the very brave whistleblowers from the irs, gary shepply and joe ziegler, they're still being retaliated against, being v victimized by theircowardly bosses at the irs. gary chefly was in charge of the investigation that had this fantastic development with credit suisse ubs and so he is a very talented individual and was just thrown aside because he stood up and did the right thing and called out the doj for covering up for joe biden and hunter biden. the coverup of joe biden continues. maria: it sure does. miranda, real quick before you go on the elon musk, mark zuckerberg comparison.

interesting to see now that we could see tiktok go to elon musk, that china is thinking maybe elon musk is the best buyer of tiktok. how do you weigh that into all of this? >> look, again, i don't think it's good for these tech titans to amass too much power of their own. i think there's another -- kevin o'leary has another bid. i think it would be wrong to allow elon musk to take tiktok. maria: and frank mccourt as well. miranda, always a pleasure. thanks so much. >> thank you. maria: all right. miranda devine. goldman sachs earnings crossed moments ago. let's get to cheryl with the numbers. so far it's good news, what do you want to tell us on goldman. >> a plea you blow out on gold. profits jumped up to 105% at goldman, earnings per share came in 11, 95, estimate was 822. talk about that jump.

13.87 billion on revenue and the estimate was 12.39 billion. revenues were 2 billion in this quarter a year ago, they declared a $3 per share dividend. they bought back 3.5 million shares. this stock is adding 80 points to the dow right now, maria. they're also talking about the outlook and it is bullish. based on the incoming administration change, m&a, deal making, trading, debt sales were strong for the quarter and investment banking fees up 24%. that stock gained 48% last year. can't wait to see what it's going to do today. maria: invotement banking was up so much in the fourth quarter. i wonder what 2025 looks like because you're getting rid of lena kahn at the ftc and putting in busy friendly people there. >> they're putting in a whole new division. maria: there you go. stay with us. you're watching "mornings with maria" live on fox business.

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investment objectives, risks, charges, expenses and more in prospectus at invesco.com maria: welcome back. officials in taiwan blaming a chinese ship for cutting an undersea internet cable near taiwan harbor earlier this month. service was minimally interrupted. it sent a message about the vulnerability of tie wasn't's internet infrastructure. the latest in a string of sabotage efforts in china. a commercial ship was accused of deliberately cutting data cables in the baltic sea. nato providing enhanced deterrence. china reported building d-day style barges as fears grow of a chinese invasion of taiwan coming. joining me is york space system executive chairman, former pentagon intelligence senior executive, charles beam. it's so disturbing. your reaction to all of this?

>> hi, maria. first, thanks for having me on. and yeah, it is incredibly disturbing but it should be no surprise. if we remember the intelligence committee declassified a lot of things about two years ago, saying they had specific intelligence that the president, xi jinping, specifically told his military that he wants to be ready for a land invasion of taiwan in 2027. and the reality is that he may or may not do that but he wants his mill troy be ready and i think what -- military to be ready and i think what we're seeing is the preparations, the cable cutting, the cyber attacks and the recently reported landing preparations. maria: do you believe they will go into taiwan in the next couple of years? what do you expect here? >> i'm not -- time will tell but clearly what they want to do is

threaten. they want to coerce taiwan to submit to beijing and so i think what we need to do is sort of stand by taiwan in a sort of at tit-for-tat thing. if they will start cutting cables, we need to do what we can to support taiwan so they can for the best of their ability maintain their independence, in the case of communication or supplies, much like we did -- remember the early cold war, the soviets, we responded with the berlin air lift. that was president truman. that was an effective deterrent. basically what it said is we're not going to just -- we, the free, are not going to let these -- this new axis of autocracy to dictate the way the world is going to be. maria: i wish this came up more yesterday in president-elect trump's defense secretary pete

hegseth hearing, he fended off attacks during a fiery confirmation hearing on capitol hill and in my view did not -- there weren't enough questions about things like taiwan, china, and ukraine. listen to this. >> mr. hegseth, i do not believe that you are qualified to meet the overwhelming demands of this job. >> the american people neat someone who is ready to lead on day one. you are not that person. >> there are a lot of other things you can do very well, you're a capable person, but i'm not -- i do not -- you have not convinced me that you'll be able to take on this tremendous responsibility. maria: several senate republicans came to his defense. watch. >> i'm confident that mr. hegseth supported by a team of experienced top officials will get the job done. >> you've got a man who has literally put his button butt e line, he served 20 years in the service, multiple deployments, had heard the bullets crack over

the top of his head, what over qualifications does he need? we need someone that will fight for innovation, fight for change. i think you're that person. maria: charles, it did get contentious at times. your thoughts on pete hegseth as defense secretary. >> let's be honest. the secretary of defense, the appointment of secretary of defense is largely symbolic of the president's intent as much as anything else. the real -- people who know the pentagon know that the pentagon is run by all the folks that report to the secretary of defense including the deputy, undersecretaries, the service secretaries and on down. what clearly the signal is, is that the era of -- the pc era is over. president trump wants specific reform and he wants pete hegseth to do that and specifically he wants to focus on the war fighter, the war fighting commands and i think that -- personally, i think that's the

right approach because for too long, for decades now we've slid into this process where it's just process for process' sake e inside the beltway and you talk to field units and they're not getting the gear, they're not getting the equipment, they're not getting the support they need. as long as we get the right folks that can work with pete on this and enact these reforms and i mean -- it appears that the new administration is very, very bullish on reform and so we're all eagerly anticipating to see what that shape that will take. maria: we will be watching of course. charles, great to have you. thanks for your analysis. quick break and then the true extent on unsanitary problems plaguing boarhead's factories in the united states. lydia hu with the details. >> reporter: good morning, maria. you remember the deadly is ' listeria outbreak from last year

involving boar's head deli meat. there are new concerns at other deli meat plants by boared head. we have details on the conditions, the questions it raises about the company and questions about what the usda is doing, all of that coming up. maria: this week on "mornings with maria," tomorrow, small business committee chairman roger williams is here on how the republican majority will help struggling american business owners. and friday, bank of america reports third quarter earnings, global markets president jim demar will join me. it's all here on "mornings with maria." whatever you need you guys give me a call! ...to saving up... ...to income in retirement. you got this. vanguard fixed income funds can help advisors grow their clients' savings. vanguard. fifty years of high quality investments.

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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. ♪ ♪ 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. federal inspokers reveal disturbing and unsanitary conditions at boar's head deli meat plants in the united states. fox business' lydia hu with the details. >> reporter: we have new documents that reveal unsanitary conditions extend beyond the troubled boar's head meat plant in virginia that closed last year after after least 60 people were sicken red and 10 others died. the new records show three boar's head meat plants were cited for unsanitary conditions

going back six years, talking about newcastle, indiana and, forest city and petersburg. they found equipment covered in meat scraps, green mold, unidentified slime and one case a puddle of blood and debris and trash and condensation falling on foods and instances of insect infestations. a boar's head spokesperson said the reports don't meet our high standards and under the guidance of the food safety advisory counsel we're adopting interventions and programs across the company. the company says it continues to operate its plants under normal usda oversight and i mentioned those people that died from listeria poisoning last year, at least 10 of them. this is linda doorman. she died in july after consuming boar's head liverwurst.

her son said reacting to the new information of the unsanitary conditions at other plants, quote, this makes me extremely angry and sad. my mother was receiving treatment at the time for cancer and the liverwurst sandwich was was one of the few things she would agree to eat. at the time i thought i was doing a good thing and now i feel guilty. doorman is suing boar's head. the company declined to comment on the litigation. while the company will have to answer questions about meat processing in the courts, there are some lawmakers, like richard blumenthal, he's been vocal of the criticism of the usda. he accused the agency of taking no action on the unsanitary conditions and allowed boar's head to operate for years. he called for a doj investigation and criminal charges against the company and he says the new records must be reviewed as well. maria, back to you. maria: what a story. lydia, thank you so much. lydia hu.

adam, by the way, i had no idea that this was happening at these factories. wow. >> no. and you know, when you're handling food you have to be so incredibly careful especially when talking about meat and processing meat. yeah, it's uncomfortable to talk about. >> the extent -- the extent of what was going on that lydia pointed out in terms of the mold and the way they handled it and to your point, you know, the lack of cleanliness is beyond me. boar's head was always the gilded edge. they were the best of the best. everyone said you buy boar's head. i've got to tell you, it's a real issue now. >> some of the details in lydia's report were jaw-dropping when i was sitting here listening to it. it reminds you of something we think we got away from at the end of the 19th century and we're having it now. it's incredible. you're thinking of upton sinclair's book we read as kids, i think it was the jungle or one of these things. at this day and age you think

anything you're buying at that level is clean and safe. maria: we'll wait to hear more information from the company. look at the markets here, dow industrials at the highs of the morning right now after better than expected earnings from the banking sector, the dow jones industrial average up 2033, the nasdaq high -- 203. the nasdaq also higher in the triple digits. we'll be right back. you're watching "mornings with maria" live on fox business.

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. i hope a good morning

wednesday, before klom object east coast citigroup out any moment we've had better-than-expected earnings from jpmorgan and wells fargo blackrock futures higher indicating a pretty good rally on the better-than-expected numbers, from goldman sachs, many jpmorgan, wells fargo also, as i mentioned higher the dow industrials right now up 193, jpmorgan component nasdaq up 70 s&p 500 higher by 18 points, adam johnson has been a good morning in terms of major bank earnings. adam: a very good morning not only are revenues better earnings are bret kenny you were talking about lower provisions for credit losses which is good banks perceived credit quality stronger what jumps out for me revenue growth has been about 10% and

earnings growth has been 25%. so, that is called earnings leverage that means banks operating very feshly very healthy, this is very good for the market, because that is really the -- the first edge of where you see the consumer on wall street. maria: for assure. >> sorry about that waiting for citigroup jeffries note, fiscal year 25 revenue barred 84 billion versus expenses 54 medicine everybody zeroing in on expenses, the analysts at jeffrey says capital return guide in other words, guidance for '25 going to rule day not expecting much card growth maybe soft versus credit card should be in line. kenny: interesting how citigroup comes out, that is right mixed sentiment we decent that in jpmorgan did not see it in wells fargo very cures to see what citi what numbers are built i am not i