(wife) saving for retirement was tough enough. (husband) and navigating markets can be challenging at times. (fisher investments) i understand. that's why at fisher investments, we keep a disciplined approach with your portfolio, helping you through the market's ups and downs. (husband) what about communication? (fisher investments) we check in regularly to keep you informed. (wife) which means you'll help us stay on track? (fisher investments) yes. as a fiduciary, we always put your interests first. because we do better when you do better. at fisher investments, we're clearly different. >> this is "maria bartiromo wall street". >> happy weekend all welcome to the program analyzes the week that was in position you for the week ahead. i am maria bartiromo. monday night we will have a new president of the united states.

he's been setting the stage for a groundbreaking first-aid office. >> on day one i will sign an executive order directing every federal agency to immediately remove every single burdensome regulation. >> we will oppose new tariffs so the products on or stores will once again be stamped with the beautiful words made in the usa. >> i will stop the chaos in the middle east. >> i will in the war in ukraine, close our border to illegal aliens. we will drill baby drill we will drill and a lot of other locations in the energy costs are going to come way down. maria: axios reporting that president trump has pledged to tackle 59 issues on day one. among them key moves from the biden administration hampering energy production and economic growth look at these factors under biden compared to four years ago consumer prices are up 21% on his watch credit card debt up 52% mortgage rates skyrocketing under president

biden dreaming oncoming white house press secretary caroline levitt. great to see you. thank you for being here. it's been reporting that the incoming president has 150 executive orders ready to go. is that true what can you tell us about the executive orders. >> i cannot specify the numbers of executive orders but i can confirm there will be more than 100 executive actions that are taken on day one by the new commander-in-chief to fundamentally change the federal government and secure our southern border and unleash the might of our american energy industry and to restore commonsense policies back to the federal government year in washington, d.c. which we know there needs to be a heck of a lot more commonsense in the city that's what president trump is going to do on day one and is going to deliver many of the promises that he made to the american people on the campaign trail. none of what president trump will sign on the first day in office should come as any

surprise to anybody who listened to this man over the past few years campaigning in the american people gave him a mandate to implement the promises and he will do so. maria: it looks like he's getting a lot more support this time around, there are notable names on the guest list for monday's swearingen technology titans jeff bezos, mark zuckerberg, elon musk all set to be front and center with incoming cabinet there is a dramatic shift in support from the tech industry toward president trump. hundreds of millions of dollars in donations and record amount have been pouring in from corporate america as well all contribute into the inauguration pond for this republican president fox news reveals that trump today is more popular among american cities of urban. >> that's right, he sure is. it may have taken a few years for the truth to come out but americans realize that president trump has been right about everything he has said over the past several years he warned the

american people that joe biden was going to be the worst president this country has ever seen in joe biden is on his own out the door that is proven to be true by everything on metric america is worse off today than we were four years ago. inflation is up our debt is up in american credit card debt has reached a record high gas, grocery the cost of living in this country. on november 50 make a people said enough is enough and to go back to the original point about big-ticket all the people in hollywood and everywhere that are realizing president trump was right and they have the courage to finally say were on this man's team were one team working together to make america great again. it's a beautiful thing to see is president trump set everybody wants to be his friend. maria: i don't understand what took them so long. was it the democrats selling them the story about who president trump was and what he is trying to do because they

wanted to hold onto the grip on power. >> i believe so he looked a few years ago. it's still true today, president trump is going to change it. every major institution than the big tech industry has been controlled by radical leftists who have bought into the lies that are pushed everything will day by the mainstream propaganda media. again the american people have seen the truth the trust in our legacy is that on an all-time low because the policies of the democrats have greatly impacted our country. the pocketbooks of the american people and our border security and national security and our safety i was reading a statistic that nearly 50% of americans particularly women do not feel safe walking outside within a mile of their own home that's not the united states of america we should live in where the greatest country in the world and that's why president trump won the selection. americans have hope in our great country and they want to see

their interest put first ahead of illegal immigrants ahead of foreign nationals and poor nations that's what president trump is promising to do. on monday we're going to leave the dark doom and gloom of the biden age and we will enter the new golden age of america and putting america first. maria: as big tech in corporate america of this new administration the tiktok ceo be at the inauguration biden is leading it to trump to implement the tiktok band. i want to get your take what will president trump do with the chinese own company. >> president trump is looking at ways to save tiktok he has said repeatedly that tiktok is an app that tens of millions of americans are expressing their first amendment rights and the federal government cannot shut off the first amendment right and violate the constitutional right of tens of millions of americans who are expressing themselves freely on the app. with that said the best outcome for everyone is for an american company to own the app.

president trump is exploring options to find a solution to save this app for the tens of millions of americans that use it and enjoy it use on the campaign president trump launched a tiktok account and it was wildly successful. >> isn't this a national security threat. >> certainly china has used tiktok to purvey the information of the making people president trump is aware of that that's what i said the best solution and best outcome is for american ownership of the company. that something was very interested. maria: fireworks on capitol hill. a dozen of trump's nominee on the hot seat go by democrat senators. but the associated press is reporting that the outsider pixar gaining support propelling them toward the finish line despite the democrat objections, the senate could vote on the pics on monday. what are you expecting? >> we are incredibly confident that president trump's pics are going to be confirmed and they

should be. all republicans need to stick together to vote for the nominees. democrats should vote for them to read every single one of the nominee that president trump has chosen are exceptionally qualified to do their job. they are outsiders who are coming to washington not having been here for decades long careers. by having worked in the private sector or in the case of pete hegseth being a war fighter who wore this nation's uniform and knows what the cost of work can do to an american soldier. these people are brilliant and you've seen that you see them shine on capitol hill this past week. they know the issues that they're going to be dealing with at their respective agencies. it shows how president trump has made great decisions when it comes this cabinet in the senate used to swiftie confirm them

especially the nominees with national security. kristi noem before capitol hill this week before the department of homeland security, pete hegseth had dod and tulsi gabbard of the national intelligence. we need these people to be confirmed as soon as possible as we know the threat to the homeland are greater than the ever happened before. >> what about your role how do you expect the media will covered trump's nominee in office, are you ready going up against what could be hostility coming your way? >> i sure yeah mom used to the hostility i been working for president trump for some time and we have the truth on our side we have policy and president trump has a mandate to deliver on the promises that he made to them i look forward to speaking truth behind the podium on behalf of president trump and relaying his message to the making people. it's going to be a lot of fun. >> will watch your work, congratulations to you. caroline love it.

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bank with sofi to score a higher apy and an epic welcome bonus. sofi. get your money right. >> welcome back here's a look at where markets ended after we saw a retreat in bond yields and inflation data for one maybe more rate cuts earlier in the year. investors are anxiously anticipating new pro-growth policy from the incoming trump administration beginning on monday, i had to get ahead of it investment manager portfolio manager dan niles, great to see you, thank you for being with us. >> my pleasure. >> you were spot on you told was a year ago we would see again and 24 of about 20%. in fact you were spot on now you are expecting a good performance in 25 but this is a shot that there could be weakness tell us what you're expecting for the most important drivers of market activity this year.

>> the thing that it hinges on is inflation that is a market driver for the last several years if you think about it. in 2022 they had the fastest hikes and history the stock market went down 50% because of the high inflation and the fed paused in 2020. the stock market was up 24% and the fed cut because the patient was coming down in 2024 and the market was up another 23%. president trump coming in and it's policies are great for the u.s. in terms of growth cutting taxes, deregulation all of that is wonderful. the thing that he will need to have the department of government efficiency headed by elon musk cut some of the government spending as we all know the government is very inefficient and we will see if that happens to control inflation. if not you could end up with a pause in the cuts potentially

rate hikes towards end of the year. that's why worry about the market being down potentially 20% of that happens. maria: a potential for markets to be down 20%. some people are beginning trump's policies saying growth as to lead to inflation. what about the deregulation. if you see deregulation is of the anti-inflationary? >> it is but you have tariffs in their and that is inflationary. maria: i want to get your take and how to invest. you are so spot on last year it was a narrow rally in many regards, it was a magnificent seven andrew topics were meta which is up 65% and amazon up 44% among others. how do you want to position this year, i see your number one pick is cash. >> unfortunately the last time meta had cash was the number one pick was in 2022 in the stock market went down 19% and we have bonds as well because of

inflation. cash right now you can get guaranteed return of over 4% this year which i think is pretty good given the range of outcomes which is 10% in the stock market to down 20. our second pick is cisco because the last two years have generated the data from a.i. and this year will be companies investing to move the data around and getting access to it when the telecoms side which services the telcom carrier are trying to get fiber to the home in europe with british telecom is as well as in the u.s. holding out in the middle of the year we also like the bank stocks, kbw b is whatever topics because the regulation tax cuts, that is great for banks and don't forget we had a deal with all the bankruptcies of silicon valley banks, signature bank two years ago. that has really underperformed, the s&p is been up 23% over the last three calendar years this

index is down 4%. in the final one is mid-cap value etf i jj because the last five years as you rightly pointed out has been all about money flowing in to the group of seven stocks because the first covid in the last two years because of a.i. the mid-cap has been completely forgotten. you have these stocks paying 17 pe trailing versus the market at 25 times and they dramatically underperformed by 35% versus the s&p 500 over the last five years. i think you will see a catch up again because of the policies by president trump they really support the mid-cap sector that help by deregulation and tax cut. maria: if you like the federal reserve puts himself in the corner without even knowing the backdrop, how can you predict you're going to have all the cuts this year when you don't even know what's happening in

terms of the impact from the new policies the odds are almost 50% that the fed stays on hold or raises rates. >> unfortunately the fed has been during the fact that inflation has turned up sent june arguably an answer jerome powell has said our inflation forecast have fallen apart and i really worry that we can end up with potential hikes at the end of this year unless we get a lot of fact cut out of the government which is obviously a hard thing to do. maria: we will be watching that, great conversation we appreciate your time, we will be watching. dan niles joining us. rebuilding california devastating wildfires adding to the already dire housing crisis in the state admired by costly regulation and the lack of insurance. this yoga national association of homebuilders here on the challenges and that the facing in the long road to recovery. stay with us.

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maria: california severe housing crisis further devastated by the deadly wildfires that ripped through l.a. county. more than 12000 homes and other buildings have been completely destroyed. my next guest is rebuilding will take years admired by challenges with regulation and a lack of insurance joining me now national association of home voters and ceo and president james tobin and thank you for being here. tell us about the rebuild what are you expecting. >> a long haul for those people would been displaced and lost their homes. it's very, located process to rebuild after a wildfire much different than building a new subdivision and certainly different than recovering from a hurricane or tornado, complete losses of structure.

the pace of this, we have to contain the fire, were not even there yet but you're talking large debris fields of toxic debris has to be cleared fully away and then you have to deal with the individual insurance policies for each individual policy that can take 6 - 8 months and then hire a builder and build a home at the pace of california construction you're looking at six months at best but probably 18 months to two years before you will fully rebuild. we are talking years, not months when it comes to recovery of those homes in california. maria: how long will it take to undo some of the policies that have been locked in. nationwide green energy regulation have driven up the cost of building and the cost of building new homes. the nahb the 15 state attend rural untrimmed pursuing the housing development and a partum of agriculture for the mandates.

you say it costs an additional 22 and $30000 to build with the rules in place. that's added to the price of a new home? >> that's right, the by data administration layered on an energy requirement for new fha holders if they want to buy a new home in this country starting this year they're going to have to spend upwards of 20 d have last year. we have decided to take the case to court. we believe the biden a administration is completely outstripped the law that underpins loose opposing ability to review energy codes and for being honest in creating a de facto international code with this regulation and that adds to the cost of building a home in the un-affordability that we have we do not need more cosplayer on the homes. considering what we have to do just in california alone you can see a regulation keeps people out of home ownership in this

country. >> this week we saw homebuilder sentiment rise to a nine-month high but there are concerns about trump's policies in the impact, the proposed tariffs the 30 year fixed-rate mortgages backed up among 7% for the first time since may. i spoke with many people who said his policies are actually anti-inflationary but do you worry about the impact on housing? >> i think we have to take president trump at his word and immigration concerns and tariff concerns. i can speak for my members when they're looking forward to an environment for the next four years of deregulation when you couple things together that is going to do more to help spur home contraction in this country than the potential headwinds of tariffs or immigration. i really believe that we have to wait until after inauguration on monday to see what the president does in the first few hours and days with executive orders and engage in take all of his policies holistically.

previous guests talk about doge and elon musk and cutting government spending and waste that is critically important. there is a whole puzzle of different pieces that will lead to economic growth and prosperity that i believe in their baby headwinds in one quarter and there should be real wins for us and i know this president is convinced and convicted about building more homes in this country to defeat the affordability crisis that we had. let's wait until inauguration next monday to see how things shape up. maria: we will be watching thank you for joining us. james tobin. one important thing you need to know ahead of next week, that is next.

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addition to the inauguration we also have the world economic forum and dabo switzerland one of the most unflinching gathering of global leaders in business and government. i will be there and i will be speaking with bank of america ceo brian moynihan, microsoft president brad smith, carlisle founder david rubenstein nyc president lynn martin and nasdaq ceo adina freeman. i hope you will join us on "mornings with maria" live six to 9:00 a.m. eastern next week from davos. that will do it for us on fox business. thank you for joining us have a great rest of the weekend and i will see you next time. ♪ >> "barron's roundtable" sponsored by global exit etf's. >> welcome to "barron's roundtable" where we get behind th