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 don't own citi, jpmorgan i do

citi i don't i don't follow it that much would be curious to see how compares to other. maria: expense control is issue for all citigroup expecting a cost guide you know guide us on expenses for jpmorgan and bank of america same thing they've also had a you know a laser focus on not going out too much on risk curve. kenny: they should not go out too much at the moment a lot of uncertainty. adam: especially for two years yield curve inverted a perverse way to run a bank near term borrowing costs, higher, than long-term investment you got a problem yes able to be profitable let me make a comment about critic probable get hate mail from analysts who like citi, citi way back in it two separated good bank bad banks never book writedowns continued to manage bad alongside good bank citi

trade at lower multiple than other banks still 15 years later i put citi in category over there i don't think same as jpmorgan. maria: beat to cheryl. cheryl: we do, so we do have a double beat a buck 34 earnings -- beat 19.58 billion, the street looking for 19.49 billion, a 20 billion dollar stock buyback announced by citigroup i think pretty extraordinarily also talking about credit loss provisions 22 -- this is a disconcerting, 20-billion-dollar share buyback are initiated by crypto group james fraser turn around, also, given guidance, in a presentation, actually

this is coming out right now, that for 2025 giving us a range of revenue expectations 83.5 billion to 84.5 billion, so that is again a pretty strong number. also, they are saying that deals are surging at the bank they also booking profits on trading the same thing we've heard from goldman sachs, wells fargo, jpmorgan we are hearing from citigroup might be good for james fraser, talking about the fact that the investment banking fees really helped the company this is the third largest u.s. lender, in this nation we got three of four biggest banks today, going into this trading session. maria: yeah, you know, when you take a look at what banks reach the number companies, and individuals this bank reached good window of macrostory as well from business end and individual standpoint. >>. adam: well for consumer if

making money consumer is health consumption two-thirds u.s. economy they're economy stronger than people expect or think. >> strong higher, up 2 1/4% hot topic of the hour pete hegseth laying out in addition for next administration in senate confirmation hearing yelled. >> i am going to work with president trump, and this committee, to one, restore the warrior, ethos to pentagon and fighting force unlike current administration politics should play no part in the 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 equitable. maria: i got chills i got chills when he was talking because to say not republican not democrat we are american

warriors, that was powerful democrats wasted no time attacking hegseth. >> i have many concerns about your record in particularly public statements, because they are so hurtful to the men and women currently serving in u.s. military, harmful to morale, harm foul good order discipline we have to change how you see women to do this job well i don't know if you are capable of that. >> can you so casually cheat on a second wife, and escheat on the mother of a child born two months before you tell us you are completely cleared? >> how that is a complete clear. >> "yes" or "no" you can't answer "yes" or "no" did i or do you not know this answer? >>, oklahoma markwayne mullin flipping the script, watch. how many have showed up drunk to vote at night? [laughter] >> have any of you asked them

to step down and resign from their job? don't tell me you haven't seen it is because i know you have how many senators do you know have got a divorce for cheating on their wives? did you ask them to step down? no. but for show, it is so reminds that you guys hold yourself as higher standard you forget you got a big plank in your eye we have all made mistakes gentleman powerful as well, jonathan. >> i think pete's statement the beginning about play first clip about equity that is real issue here that is what the democrats are going at, but they can't go at it directly because the public woken up to woke, so what they are doing personal like brett kavanaugh did not have enough votes on abortion had to go at personally same playbook o

gain credibility have to acknowledge lloyd austin has been disaster, no one even criticized eliminate for afghan withdrawal or anything else going to the hospital not telling the president he was having surgery. >> i don't think that is going to happen with pete hegseth going into the hospital not being seen not telling anybody, by the way, biden did not notice he had cabinet meetings lloyd austin was there isn't nobody said a word about it. >> the question i have is who did know about it? like in the hospital did anybody know about it. maria: no, i don't think so. >> nobody knew. >> one thing hegseth said i love warrior ethos, wonderful to hear that we did not here that during obama apology tour but we are hearing it now, it is -- it is not only okay, it is good it its wonderful embrace to be proud to be american to be strong. maria: meanwhile, president trump foreign policy team will sit for confirmation hearings

later this morning, secretary of state pick marco rubio cia director nominee john ratcliffe, attorney general nominee pam bondi today, day one of two day hearing see what happens here but they need to get this is cabinet in place as soon as possible, kenny because the world is getting dangerous by the minute. kenny: right. i think cabinet picks basically a shoo-in i think marco rubio in front of people he works with they are not going to pull that -- that. >> as it sf malarkey. kenny: won't pull that on him a shoo-in pam bondi a shoo-in great, important scott bessent, treasury secretary later in the week or next week. >> george soros. >> he was there when he -- >> missed yesterday so i think going to have a tough time with any other nominations.

>> good point you think they -- themselves -- i think there was not enough substance. >> it was very bad, double down on. >> all about, personal issues, and not enough about the issues of the day, in china -- >> did not say anything about -- >> i didn't hear a lot. >> how getting more u.s. warships out of dry dock into the ocean? that is the question what is your plan for that. maria: exactly jurist getting started a big hour coming up, quick break then house ways and means chairman jason smith holding first hearing on trump's tax cuts in morning jason smith here with a firsthand look coming up you are watching "mornings with maria" live on "fox business" stay with us. ♪ ♪ .

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johnson still planning to include a debt limit increase in reconciliation package claims not wed to it john thune said expecting republicans will not tackle the debt ceiling in that bill likely in march against continuing resolution continuing resolution there house majority leader steve scalise laid out a timeline for vote on one reconciliation package if you mean of priorities. >> the budget will come through in february, in march you will see that worker being done in committees, obviously, the ways and means committee going to play a primary role but other committees will as well then bring that bill to the floor. in april. this bill one big, beautiful bill as president trump calls it going to be a great exercise in democracy because you are going to be able to

see it play out through committees ultimately on house floor in april going to move aggressively, because the american people can't afford to wait they are hungry for reforms we're about to deliver. >> joining me missouri congressman chairman house ways and means jason smith mr. chairman thanks very much for being here this morning. great to be with you, maria,. >> planned reconciliation schedule would put one bill on trump's desk by memorial day of you called for this entire time said should be one bill you want to ensure that tax extensions get done in time, can you do it all in one package? can you put border, defense, tax extensions as well as energy permitting and spending cuts in one bill and possibly the debt ceiling. >> we absolutely can, this is the quickest best approach to get as much of president trump's priorities and american people's priorities in one bill may take a little bit longer. but we can all get the job done by memorial day, get this

on the president's desk, get it signed into law. it will be so important, to the american people. the tax uncertainty, that americans are facing, 26 million small businesses are facing, because they chan 43.4% tax rate next year? we have to give them certainty now maria: i had mike waller on, on sun new york congressman i said to him, will you still vote for the tax extension if salt is not in there he said no, he said i am not going to vote for tax extensions if i do not get the state and local tax deduction lifted up from 10,000 and you say? >> this has been a sticking point for a long time, we know that 10,000, is not an acceptable number for our colleagues from new york new jersey, california. we have been working with them continuing to work with them and we will find a good balance, we are threading that

needle but without a doubt not going to be 10,000 it is going to be more we have to find that good point that helps their constituents in new jersey, new york and also california. maria: senator lindsey graham said you why am i subsiding new york? we've low taxes in south carolina why do i need to subsidize new york which has out-of-control taxes many new york city including myself agree with sky-high taxes mike through out 60,000 would you vote for 60,000 lifting the salt to 60? >> i am not giving a number if you talk about average salt detection in my home state 1200 dollars, so, i am from the same camp that lindsey graham is in, but about what we have to do, is deliver on president trump's priorities, that is why we need one big, beautiful bill. because, everyone is going to have to give-and-take, maria, that is what we're going to do it is gonna have to be a balance lindsey graham has to give jason smith is going to

have to give mike waller has to give we will failure is not an optional. >> a good strategy to make sure everybody is onboard putting all in one bill, jonathan fahey. >> in addition to salt deduction or anything else in bill is there hope with margins so small in the house and senate able to get a through democrats onboard to maybe make up for, here or there issues other than salt might endemocrats to vote. >> making sure 218 republicans in house of representatives i would not be surprised if some democrat members will also vote for this reconciliation billing it will provide real tax relief, for working families small businesses, family farmers it will help secure the border. it will make sure that our energy, dominance is starting

to work things american people 77 million americans voted for, i think that these democrats especially in vulnerable seats will be like maybe we should vote for this great big, beautiful bill. >> we can see how much you are doing, you are and colleagues already, and just got started with 119th congress house ways and means kae holding first hearing today, on importance of extending the trump tax cuts, tell me what happened yesterday, at that hearing, mr. chairman. and what the fallout is today. . >> you know, maria, we've been working over two years for this time, and yesterday was the first committee hearing based on policy and all congress was on tax policy it was on expiring provisions taxes we heard from real small businesses, real working moms and issues they are facing if there are tax expirations we had one cpa testify yesterday, maria, that said her phone is ringing off the hook from

clients, concerned about thank you uncertainty for 2026 will they have a tax rate 4 positive -- 43.4% or currently 23%? that is what we have to deliver a certainty, and yesterday was the first step. maria: mr. chairman also, yesterday, president trump, floated this idea that he is going to announcing external revenue service instead of internal revenue service ers collect taxes duties, tariffs from foreign sources, what do you make of this. >> president trump is a great communicator, the external revenue service quite important he campaigned on the tariffs that he would implement, as president. the american people supported that, and you will see president trump deliver on that. which will bring in trillions of new revenues into our -- our -- our fiscal coffers. >> we will watching all that congressman good to see you this o morning thank you, sir.

. >> good to see you, chairman jason smith inflation data on deck waiting on december consumer price index out 10 minutes we get those as soon as they cross check for impact. you are watching "mornings with maria" live on "fox business" stay with us.

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. maria: welcome back december consumer price index out, economists are expecting month-over-month increase 3/10 fears year-over-year increase 2.9% piper sandler, wand founder chief investment officer louis navellier kicking things off with you expectations for inflation what this means for market given spike in interest rates we're seeing. >> yes, we are a little bit lighter -- over the course last 48 hours, 3/10, 2 14r50sh in rounding markets from aedling fence.26 important rates have cared what market was done last month explained a lot of sell-off that we've seen over the course of the last you know, really since high we put in per election so if your view market has to rally, because rates are coming down, then you want

lighter cpi i think a lot of what happened we priced in a ton of inflation risk as odds gop would sweep one up, speaking more prominent position you are going to see short term move up in inflation in if you get tariffs inflation swaps up meaningfully since september lows if rates move down because tariffs aren't going to happen significant way, we start repricing a lot of inflation risk, you are going to see, bond outperform significantly over the course of this year. maria: i don't think markets believe fed they are telling us cutting rates what happened rates go up. >> fed basically chased the market market has already started taking rate cuts out of 2025 even before election, and all fed has done is catch up we moved 100 basis points in terms of what market is pricing in for terminal rate wife in low 3's few months ago now o 40s whose kind of chase the market. >> louis navellier i know expecting increase in cpi even

though way down from a highs what could i have 2025 year are you expecting in stocks? >> fine earnings accelerating we have next three-quarters are very strong over 10% earnings growth, seep stocks bride hire by analysts act have gone well surprises already so i think is going to be a great year, i do think interest rates will be declining, because we will have very sever rate cuts in europe that will put down pressure on our rates. maria: so rate cuts in europe earnings doing better, you have to believe, that some of that is priced into the market we heard from banks today all better-than-expected, but that business largely because, for '25 expecting better backdrop given deregulation plans out of trump administration. >> yeah, yeah. that is very important as financials provide good guidance you know, dealing with highest consumer default

rates since 2010, i am glad they were able to skirt that issue somewhat. >> kenny you have talked about that in terms of what banks expect from loan loss provisions. kenny: i was worried about what are we going to hear from banks today in terms of what are they allocating for loan loss reserves would is what youing they really think how consumer is rather than more did he faults on mortgages or, jp i think .6 billion was number below the expectations so, that would would tell me they are not concerned. foro are or not as concerned. >> you know, banks, plan a certain default rate high interest rates too. so -- it is not hurting their profitability that is obvious, so, but it we do have to fix credit in america it is sad that -- a lot of people under

30 struggle financially. maria: everything on credit cards that is right adam you made point not just financials big beneficiaries from new policy changes the to come like deregulation there are other industries. >> go right to arsenaling we are about to unleash drilling will lower price of oil tax break for everybody the fact making government more efficient going to cut regulations going to get out of the way, that is incredibly positive across the board yes i would focus for now on financials energy but i think actually, what is happening in washington under a new trump administration, is good for the country as a whole. maria: yeah. but jake you right in your, tame core inflation for now but tariff fears pose a threat later. >> yeah. i -- i mean look clear that we've seen a shift in sentiment where had the to tariffs a couple things stand out consumers saying buying ahead of rising prices you did

not even see during pandemic this is a big inflictup, michigan sentiment on inflation last couple months worrying about that in interprets you can see consumer side driving inflation near-term intis starting to make decisions about accounts, et cetera, for year ahead embeding more tariff risk taking price higher you saw in the ism report last week temporarily over short window if you get tariffs nation ultimately big tariffs hurt growth on back end still not a reason to be selling rates in this environment, but yeah you can see a temporary lift in inflation. maria: at the same time you've got businesses talking about potentially more details, something that was on the shelf, markets rallying huge dow industrials up 414 points nasdaq right now up 242 markets obviously per ceasing cpi number strong to cheryl. cheryl: these came in a lit hotter month-to-month, .4% month-to-month headline cpi

street looking for .3, however, up .3 equivalent of rent that shelter component, .3% year-over-year 2.9% that is in line 2.9%, year-over-year, that is higher than month ago. >> core month-over-month came in line .2% higher, core year-over-year 3.2% a little bit less than expected, the expectation was 3.3, again month-over-month .4 year-over-year 2.9 core month-over-month in line . core, 3.2 data within report points to a couple things i mentioned shelter component, we talked about so many times, that is -- is in there, gasoline jump 4.3%, month-to-month that is in energy story. it will overall energy headline 2.6% new vehicles up a half percent that is where some inflationary factors are a lot of analysts going into this report talking about,

food prices, because we had a bird outbreak in december i hope we get more detail let me tell you what government had to say besides that energy component, rose 2.6% for the month of december that was 40% of all items increase big piece like i said gasoline index but also saw a food component increase for the month .3%, both food at home and away, went up. again i am going to look at those egg prices in a moment you overall, maria, we have a story where, you also had a poll about rate tax cuts by ecb u.s. fed story might be different. maria: a tumbling unexpectedly in contraction on fed survey thoughts on cpi. >> in line i think market again moved up, to about 3/10 on core a positive surprise when it comes to core print i think the fact that oer stayed

light 3/10 is very important got market super excited last month a hot print on core but ier only 23 basis points this is thing that needs to come down if getting this memberingal core in inflation x shelter cpi analyzing 0.9% six months to november the shelter pieces down below fed target quickly, again, borrowing from near-term tariff risks lift praises over a very short window three to six months still on general memberingal slowdown cpi shelter is behaving market is going to latch on. >> federal reserve has been able to conduct soft landing everybody was questioning whether or not fed would do it look at this market, that is certainly looks like how investors are viewing it dow industrials up 537 points right now nasdaq up 320, adam jaings. adam: i love it this is evidence of progress, you know for the past three months we've seen that there has

been, a slightly hotter inflation scenario to grab hold, yesterday's ppi data and now today's cpi data says no, that uptick, for 3 medicines probably on its way towards -- to be clear there is still inflation, it is just that it is not rising the way we thought it was, that is good. and also justifies going out and buying stocks why markets up of i think bond yields down, yeah there they are bond yields down 6, 7, 8 basis points, as bond yields come down pay more for stocks that is why people are buying stocks this morning. >> 10-year about to break 4.7% more it is down almost 8 basis points on this number, kenny polcari how do you trade. kenny: i think adam right sort of i think everyone look hotter i will be first to say i thought was going to be hotter i am surprised actually welcome the fact came in lighter but i don't think will changes no rate cuts i don't

think this report suggests that no two rate cuts locked in that is it absolutely not i think rates stay same the economy is strong, to your point if this report is right, i know they have it under control so tt he is good. so, yes, i am a bur of the market you can see what futures are doing up again i am not chasing, but financials energy, healthcare names, but yeah, i am great with it. maria: there is a lot of pent-up demand market in double digits in 2024. cheryl: i want to a o give you egg price number that was a month-over-month jump 3.2% egg prices according to usda 20 million birds wiped out in december not only december story that is january story as well that is one of the big pieces components as expected of the food jump in the inflation story. and obviously, as kenny pointing out the energy story. maria: 36.8% jump from year-to-year on eggs that is

incredible, 2 1/ higher overall, on inflation in america, in terms of food, just food, is theranything else that trump can do, to actually rein in this further. >> talking all about energy that is, you know jonathan jump in the agenda from president trump has to do with growth. he is priotizing growth going to do it, partly tapping into energy capacity in america. >> i think you are exactly right on that underlying optimism people see as he puts the administrati, together, he ready to hit the ground running, everything seems firing away i think there is there is going feedback an impact, based on optimism belief in the future much stronger than last few years i think having an impact on market, and energy like adam was saying earlier that affects everyone, a little bit less foras spend more save more can invest more whatever they want to do all a good

thing. maria: if you put more oil at any the market you push prices lower. >> right. maria: that is the whole idea. >> affects cross settle a transportation costs production consumers gas station so that is going to be the key i think, to really lowering inflation, are, adams's point, funds increasing not declining, so, if we get -- if we do this drill, baby, drill energy prices down 50% the way he said he can do a massive change which a in that. maria: jake earlier you were talking about oer said owners equivalent rent was a really imrtant part of this report. and you thought number impressive. >> well, i think held in there matched is nrative where, finally oer and rent massively lagging indicators with respect to the to realy happening in real world finally catching down to what has en happening rent

markets 12 to 18 months inflationariry deflationary paramount rents down, 18 months waiting for this catch-up catchdown we are two months, light looks like happening again we need this from memberingal standpoint driving inflation down, even below the fed target just on government side what has driven inflation three to four years fiscal spending, by and large outlays last year up 10%; right? >> unemployment rate in low 4s. maria: biden administration would never admit it never wanted to acknowledge seven trillion dollars in spending, louis navellier in you haven't given us your reaction to this cpi number how you want to allocate capital in '25, please do. >> well, obviously, we try to -- close to fed 2% target energy inflation is -- is just transitionary i wouldn't worry

about that. as far as egg prices up i, vital farms good for me. >> you have, allocating capital that is diverse portfolio talking about what egg companies how do you want to allocate in this year. >> you want to be fully vested, because we have early january effect in november, a real january effect, we have incredibly strong dollar, so market should be broadening out more small mid-cap stocks i have seen world strength in those stocks i am very, very pleased. maria: final word. kenny: i think you have to be castle about being aggressive you want to be vested i don't think you want to chase things you can allow names to come to you in some i wouldn't be chasing i would be very carefully on listening to what fed says in terms of narrative whether or not changes how it

changes. maria: all right. thank you. great perspective we so appreciate your time gentlemen thank you so much, secretary nominee pete hegseth before senate arming services committee for confirmation democrats attacking him on policy stances qualifications, mostly on personal history, watch. >> let me say american people seed a hegseth ready to lead on day one you are not that person, our adversaries watch closely during times of transition any sense that department of defense that coops us safe is being stirred by someone wholly unprepared for job puts america at risk. >> you den graitsdz active duty servicemembers we have hundreds, hundreds women currently in infantry lethal numbers of our military, serving in infantry you degrade that. >> someone never managed an organization more than 100 people is going to come in and manager manage important

organization with professionalism no experience that can tell us they've done that. >> i have real problems with that. maria: is a senate republicans defended hegseth including joni ernst, who is now endorsing hegseth force position after previously questioning kwavgs joining me am alabama senator tommy tuberville, senator thank you so much for being here, we you were in that hearing, you questioned pete hegseth on recruiting dei in military what is your takeaway you any he will get confirmed. >> one hundred percent i don't think any way republicans anybody can vote against him even some that said i've got down thes about this if truthful for themselves democrats would vote for are this guy well qualitative difference young not a general pretty much a drill sergeant with troops unnecessary what they go through when they go to war has been to

afghanistan, and iraq twice two, bronze stars tried to make fun of this guy, sure, he had some problems in past, those are over with, wife with him a lot of supports there no way anybody should vote against pete hegseth. how long do you think process takes is that that it or more hearings for pete hegseth? >> no, that is all the hearings we will probably have a hearing without him and have a vote amongst all of us in committee it will be kicked out of committee i would say, probably monday, monday afternoon would be his vote for confirmation, and looks pretty good. maria: that is terrific, and we've got all other confirmation hearings today pam bondi, today 9:30, i want your take what we are levering in terms of potential hostage agreement, president trump has said for months now, the hostages better be released before i take office or there will be hell to pay now hamas

reportedly agreed to draft sfooesh agreement with israel negotiators working to he hammer out detail final stages draft states fighting will stop for 42 days hamas will releases dozens israeli hostages in exchange for hundreds palestinian prisoners troops pulled back to edge of gaza, lawing more aid in, but there are hang numbers this deal, issues include liz of prisoners for release how movement would happen in gaza under the cease-fire no public endorsement from either side happened why yet senator i worn if we know how many hostages are alive are we getting all the hostages back? or many already dead in what can you tell us about this with a do you know. >> well donald trump syndrome strikes again steve witkoff his envoy that is gone to israel obviously, done a good job we don't know who is head alive we hope all live, it is around 40 we are going to have

to turn back 1,000 hamas fighters back to hamas, but anything we need to do to get them out over there away too long get them out take care of them i am a little concerned about opening up philadelphia corridor between skwlipt and gaza where replacements come in but cease-fire would be good get president trump in and let's go. maria: how many of these, 33 pages aren't there more than 930 hainlz do we know how many are still alive? >> we really don't, we've had hearings lasted hearings really don't know hopefully president trump steve witkoff know this working with that obviously, blink ken sullivan biden pretty much gone i hope they are all live as many as we can get out. of course to hear, the these actors bad actors like hamas, actually buckling because of

president trump threats joe biden said he was working on hostage releases as well but i mean coincidental happening exactly in timing trump demand, senator i know breaking news for us this morning you will reintroduce legs to repeal corporate transparency act, requires individuals with upper interests llc to disclose personal data to treasury or face jail time or 10,000 dollar fine repealing "big brother" overreach age at protecting small businesses owners waivedson introduced on house floor more than 80 cosponsors why is this important there is. >> more regulation we don't need it our small businesses backbone of this country,, maria, the problem we already have a -- a law that called bank secrecy act goes overcast money laundering and drug people pretty much putting a bill on top of a bill we don't need it devastating for small

business ordinance all think try do is get information from irs make sure they can do as much damage possibly can to small intis senator we will wash your work great conversation so a appreciate your time sir, pu. >> thank you. >> senator tommy tuberville in d.c., look at market dow industrials up 660 points right now, the rally is gaining steam on better-than-expected affectionately data this morning and better-than-expected bank earnings, we are taking you live next to california update on filed wires how high winds are impacting, containment efforts, folks business max max in malibu right now max. >>, maria, heartbreaking destruction death in southern california now stream fire risk we have the latest comingy up. . ambitions. like earning more money on my money as a head chef. ready for service? bank with sofi to earn a higher apy and an epic welcome bonus.

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welcome back check markets here with 40 minutes benefit of opening bell on wall street dow industrials at highs of the morning shooting up today up 671 points one-half percent higher nasdaq up 3 87 that is almost 2% higher right now, can i explain this reaction --

>> i think just a bounceback right we -- nervous getting into it now number came sort of boom right back up so where are we look at chart in the same place; right? >> but lower off the highs you. maria: all right. look it is a pretty good market, when you've got rates plummeting the 10-year is down, and is about to break 4.7% we will see about that meanwhile, california is facing another day of dangerous winds, firefighters have been battling to bring several wildfires under control this morning details on looters taking advantage of the fires "fox business" max max in malibu with the very latest max. >> looting has been, first and foremost a top priority for law enforcement here, curfews in place in the pire zones from 6:00 pm until 6:00 a.m. from dawn until dusk, 10 different people charged with looting or arson charges come

down from newly elected d.a. of los angeles county, nathan, new video of some of those crimes, take a listen to the d.a. here. do not go ahead and engage in looting, engage in intnlt sams intercollegiate in price-gouging do not violate evacuation orders. and do not commit any of these crimes in which people are trying to profit from the tragedy of people who suffered from various fires. >> absolutely disgusting to think people coming in looting from homes that have been affected by these fires meanwhile, we have a renewed threat of extreme fire weather here in soon you're california, that is going to persist until 3:00 pm pds particularly dangerous situation according to national weather service because of 45 to 70 miles per hour winds very dry conditions, firefighters need to jump on any fires that

break out luckily a lot of firefighting resources on the ground right now, 15,000 firefighters from across the west canada, as well as mexico,, maria. maria: wow. thank you so much, more than six million people in l.a. under critical fire threat, can you tell us about that max? >> yeah, absolutely, we got this fire threat that is going on, because of the pds particularly dangerous situation evacuation zones underway people told if in those evacuation zones need to get ready to get out needed ready to evacuate, because this could be a dynamic sayings throughout the day. maria: all right. we leave it there max thank you stay safe max gorden on the ground in malibu kenny reaction. kenny: i can't believe the pictures that i see, i mean when you see daylight you see, all of that pacific palisades wiped out absolutely heart

break. >> really is completely, uni can't ins why it happened so aggressively i understand we had failed policy in l.a. but the fact that we did not have enough water why not? >> because the reservoirs not released into fire hydrant system in order to protect fish we prioritized fish over safety of citizens and land, crazy not clearing out brush, and so when brush gathers just sits there dead brush on the ground that is tinder for fires we need to completely rethink about how we manage land in california, how many times do we have to read over the years, about topanga canyon in flames keeps happening. maria: also when you look at how gavin newsom and karen bass are handling things today festival every time karen bass talks looks like she is

smiling what is she smiling about gavin newsom bobbing back and worth like a lap dance what is going on with these two. amazing really a combination of bad policies but no leadership whatsoever, these are just tremendously unserious people that have never really been tested because one-party state, thankfully replaceed gascón as d.a. because they used to celebrate looting in los angeles until recently. maria: unbelievable, you've got their narrative of the climate change agenda sticking to it no matter have a what happened look where we are slip in a short break then we will check markets with 30 points before opening will be you are watching "mornings with maria" live on "fox business" stay with us. . ♪ everything, i think gonna be it ♪ ♪

this week on "mornings with maria" -- tomorrow small business committee chairman is here how republican majority will help struggle american business owners, and friday bank of america reports third-quarteearnings global markets, all right here on "mornings with maria." .

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maria: welcome back. we are 30 minutes away9 from the opening bell for a wednesday. we've got a rip-roaring rally

underway. nasdaq bouncing 368, that's 1.75%. s&p 500 higher by 88, up 1.5%, that after the better than expected consumer price index and, of course, strong bank earnings. final thoughts, adam johnson. >> if you have extra money in the bank with, go buy stocks. this is going to be a very good year for stocks. maria: kenny polcari. >> i agree. move money out of bonds and into stocks. >> yes. maria: the cabinet picks who will sit in front of the senate committees today beginning at 9:30 a.m. eastern to, pam pam bondi. jonathan pay hi. >> all trump picks are getting confirmed. the democrats were unhinged yesterday, and it's going his way. maria: that's the bottom line. "varney & company" takes it up. stu, take it away. stuart: good morning, everyone. it is inflation day, and the news is this: the consumer price direct connects went up 0.4% in december, up 2.9% in the las