cheryl: good morning cheryl casone even for maria bartiromo. monday january 20, 70 him on the east coast. it is inauguration day. it is time for the hot topic of the hour. some of president-elect trump distinguished guest's top players and big tech. fox business hillary vaughn live on capitol hill with a lot more. good morning, here we go. >> president-elect trump is not wasting a moment. today is a momentous and historic day for the celebration and also a time to get to work trump says he's going to deliver for the american people, the best first day biggest first week in extraordinary first 100 days of any president within the first hour and a half of being sworn in as the 47th president, trump is expected to sign 200 executive actions ranging from border security to

energy production. >> every radical and foolish executive order of the biden the administration will be repealed within hours of when i take the oath of office. somebody said yesterday don't sign so many in one day. let's do it over a period of weeks and i said like hell were going to do over weeks we're going to sign them in one day. >> trump downsized inauguration due to the frigid temperatures outside is not putting a damper on the celebration inside the vip guest list is star-studded with ceos mark zuckerberg, jeff bezos, cm altman all expected to attend the capital ceremony. also attending in notable and controversial tech guests tiktok ceo will be here, he plans to sign an executive order today to reinstate tiktok and buy the pot for more time to work out a deal and you said he'll use his

leverage in the waistcoat this year they. >> ice and all approve but let the united states of america own 50% of tiktok. i'm approving on behalf of the united states. so the hovel partner the united states, the have a lot of bidders in the united states will do a joint venture and there's no risk were not putting up any money. all were doing is giving them approval without which they don't have anything. whether you like tiktok were not working to make a lot of money. >> trump's inauguration according to the wall street journal will call for revolution of common sense and forecast his plan for a 100 days. cheryl: before you go i have to ask even byron donalds was talking about this last night on the newschannel but the back-and-forth about who can actually being in the rotunda because the 700 people is a

limit, how did they figure out who's coming and who's not. >> that's a good question. a lot of people are figuring out after making the cut. there is an overflow room on the hill where the president will go from being sworn in and also make remarks to the overflow room and will be interesting to see who makes the cut for the rotunda or who's kicked out to the overflow. cheryl: is an episode of survivor seriously the back-and-forth. thank you for the lab report, we can't wait to see more as we cover the inoculation of the 47th president of the united states. republican lawmakers are taken a hard line stance when it comes to the issues tiktok arkansas senator tom cotton, nebraska pete ricketts out with the joint statement saying now that the wall has taken a legal base for

any kind of extension of effective date for tiktok to come back in the future but deals must agree to a sale that satisfies the laws qualified investor requirements by severing ties between tiktok and communist china house speaker mike johnson is supporting the true divestiture of tiktok. what are your thoughts on this? >> i will say i think the law forcing tiktok down is an abomination. it's a complete violation of our free-speech rights, the fact that it went 9 - 0 and the supreme court is terrifying. it means her government contract and any social media app at any point time in the guise of national security. i believe at some point this'll be well priced against top supporters away the laws for the war on terror have. that being said what trump is saying that your u.s. company operating in china, the chinese government will force you into a joint partner a partnership or the best teacher with a local owner and tied to the chinese

communist party, trump is firing a shot to buy dance and tiktok saying if you want to operate as the united states government is now going to be your partner you going to share all the data with us. they're not going to solve algorithm, they're not going to do it there is no way tiktok is going to give up the algorithm that algorithm is a ccp entry into the private data of americans. >> i think this will be short-lived this extension to force their hand to see if they will come and do something. if they don't you're delaying the inevitable by not shutting it down today. cheryl: jonathan your thoughts. >> he may be right at least he does have a 90 day extension to use and he can use it effectively and were talking with my head cut earlier he can drag it out in the process of adjudicating the issue as long

as under the law you can show your making can enter contracts and doing something productive and towards advancing the goal you can actually have an extension. what you can do want to have the extension remains to be seen. cheryl: i want to pick up something that mike said about the court this is a conservative leading court that backed up the bn on friday this is the same court overturned a roe v. wade, what does that tell you. >> it is interesting. at the end of the day the supreme court is the supreme law of the land we've known that since 1803 case of the doctrine of judicial review and at the end of the day is going to get more conservative over time that's introductory. to that extent will see the supreme court and lawmakers that don't want to risk exposing not

just our children 170 million american viewers of the and exposing her private information are private data are private lives to the ccp maybe that's not a bad thing. cheryl: we will continue to talk about the breaking news with the view. stay with me we'll be right back. ♪ [sofi mnemonic] can a personal loan unlock your ambitions? oh yeah. take a swing at your kitchen reno... we meant that literally. sofi personal loans. low, fixed rates. borrow up to $100k. no fees required. ruri: ichi, ni, san, shi... (1,2,3,4 . . ) ruri: ichi, ni, san, shi... (1,2,3,4 . . ) hina: ichi, ni, san, shi... (1,2,3,4 . . )

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shopify's point of sale system helps you sell at every stage of your business. with fast and secure payment. card readers you can rely on. and one place to manage it all. whatever the stage, businesses that grow grow with shopify. one president-elect trump launching his crypto currency days before the return of the white house. lauren simonetti joint is now with more. >> trump launched the coin at the exclusive crypto ball, this was friday evening attended by

many powerful names in the crypto universe. several of them that attended tell me they were completely caught off guard when they saw this post from the president-elect on their phones that night at the ball. my new official trump meme is here, it's time to celebrate everything we stand for, winning, without trump coin was launched it is a mean coin that is speculative currency. we look at any future the image of trump from the assassination in july, it is issued on the network and traded almost exchanges including coinbase and cracking, we have to talk about value, prices shot up six 100% hours after it was launched. it now trades at $55, that's according to corn market cap. remember it went live for pennies on the dollar. a lot of people were minted millionaires overnight but by sunday night melania according,

not joking that launched in trump's fell back to earth somewhat pretty to take a look at the evaluation right now is stands at $11 billion, the evaluation of melania is going to billion dollars, what exactly is going on, maybe three points, the first one is this trump is the first crypto president not only expected to show support for the industry on day one he has skin in the game 80% of the coin supply is owned by affiliates of the trump organization, critics say it's a conflict of interest. number two is giving fans a way to monetize their support for his policies and that includes our friend dave portnoy who says investing in trump coin is a most american thinking american can do. roll tape. >> i put 500 grand into trump coin i go to sleep and wake up at 5:00 a.m. in trump coin is through the moon unlike sell my

trump coin i made a quick million dollars. >> my third point, this trades on solana a network deemed faster and cheaper and more established rival ethereum, solana prices are surging, look at that bitcoin hitting a record high at 109,000 on this inauguration day, that is telling the true bitcoin some of them are slamming the new medium coins saying they represent the complete opposite of white bitcoin was created, to be free from the influence of government or corporation that can influence its value, lauren simonetti thank you so much i do want to get the breaking news right now before we get to the word on wall street we are getting breaking news from the biden administration. president joe biden has pardoned general marketability, doctor anthony fauci and others. this is the breaking news coming

in to fox news. again president joe biden issuing pardons that is the alert that we are getting were looking to get more details on this but that is the breaking news right now. working to get to the word on wall street, top investors watching your money capital management ceo also with me is mike lee, thank you for joining both of us right now. i want to get your reaction to lauren's report. that is regards to the trump coin and melania according that came out over the weekend, were you surprised by this. >> very. meme coins i don't know if you can call as scam but if you did call it a skim you're not far off but the dogecoin is the most famous that is out there. if your crypto investor immature

investor you probably already noticed your clear of these so those of you at home if you want to light some money on fire meme coins are great way to do it. it does symbol a fundamental change going on in crypto currency right now with the biden administration doing everything that they could to throw crypto currency people starting companies in jail, shutting down crypto banks in now that's going to change we talk with the gendered executive actions how many will be related to crypto. if you are a crypto investor, stay away from these things. if you did not know that here's a warning but i do think the golden age for crypto is upon us starting today. cheryl: your reaction. >> i agree with everything mike said meme coins are going to the casino and rolling dice they have no investment case other

than speculation and gambling. i don't like them in as lauren called me unlike a bitcoin realist, bitcoin bowl in the sense that i believe in the case of bitcoin and ethereum and solana should be the biggest beneficiary of the census on their network and that's why i would invest in crypto assets because of the block chain that is behind them. doge, the trump coin, melania, none of them have a block chain, there literally is speculative asset that is trying to gather assets. in the bigger concern of course this was issued by his soon-to-be sitting president that he owns a huge amount in this can be seen as market manipulation in the whole point with crypto assets to have decentralized uncontrolled environment where the government is not involved.

so many concerns about this. i'm sure there are plenty of people that like to go to the casino and gamble but these things are basically a casino. cheryl: stay with me we have other news that broke market news even though the market is closed today costco teamsters voted to authorize a nationwide strike. it was an overwhelming 85% margin on the vote they failed to agree to a contract with the 18000 union members the contract expires january 1, futures trade until 2:00 p.m. today and obviously because of the inauguration of martin luther king jr. holiday markets are closed we have the market rebound since election day obviously the president is going to begin things today, day one of his administration. the white house has economists forecasting higher inflation, the wall street journal predicting that the cpi is going to rise to 2.7% by december 2025. i want to get your reaction to

that into the new news on co costco. a major strike could be on the horizon for the economy by the end of the month. >> let's start with the costco news, union strikes and will circle back to inflation union strikes are not great for inflation at all and they tend to have short-term influence. we just had a good cpi or inflation. and this is likely to drive inflation in the next report to be elevated which only gives the fed more reason to pause. overall there are key aspects of new policy and the trump administration is discussing that could influence inflation terrorists being the most notable but that's not a given there's a lot of debate on how it may be and is not like we don't have a blueprint from the first of administration and have trump handle the tariff threat.

it is really a bargaining negotiation tactic and there's no reason to think that wouldn't be the case now, we are starting off at the more elevated level and we should be concerned. what we need is the fed to be thoughtful in the fed to pause we hope they do in december but they didn't and that's what we will continue see the markets would like to see rate cuts but we don't think you're coming the way the market thanks. >> we mentioned the l.a. wildfires in the last hour their driving rental prices in the area higher and that's prompting worries in multiple reports about price gouging realtor.com telling fox areas of santa monica salt 34% rise in rental prices from the fourth to the 11th of this month, pasadena rentals 20% over the same time. this is a major problem in a little disheartening to be clear. >> there was already a massive

shortage in l.a. and this is going to make infinitely worse. gavin newsom is out there with an executive order that's only for 90 days saying you can't have the property and fire affected regions unless it's for a pre-wildfire evaluation. it is a positive help bite for him but in reality it distorts the market. if you know you're not going to rebuild they need the cash to pay off your mortgage or move on with your life you are not stuck. it's a government intervention in the government policies in california that put us where we are it's impossible to build and they don't clean up the brush, this is the multitude of left policies coming to head making life or horrific for people in one of the most beautiful state

in our country if not the world. cheryl: it is disheartening we will cover more in the next hour. you going to stay with us all morning long. i want to pick up the breaking news that i brought to you as we entered into the segment, moments ago president joe biden and 11th hour pardoned general mark billy, doctor anthony fauci and all congressional members and staff that served on the january 6 committee, marilyn congressman in house freedom caucus andy harris is here to talk about this but i want to add in real quick point list cheney was on the committee, adam schiff on the committee, pete aguilar, jamie raskin is on the committee, adding cain's anger and list cheney, mark billy, anthony fauci this coming a few moments ago from the administration of joe biden who is not going to be president of

the next three hours from now or four hours from now. we will talk about this we have congressman here is coming up on the other side of the break we will get his instant reaction to the breaking news in the 11th hour pardoned, series of pardons from joe biden. we'll be right back. stay with us. ♪

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cheryl: we want to pick up on the breaking news we brought you a few months ago. president biden announced in the 11th hour pardoned for general mark milley, doctor anthony fauci and all congress members and staff who served on the january 6 select committee. joining me know marilyn congressman andy harris the house freedom caucus and appropriation committee and the gop doctors caucus, mr. chairman we would like to get your initial thoughts on the breaking news coming from the office of joe biden. >> i think it's worrisome this is the executive branch interfering with the workings of

congress because a lot of those people on the pardoned list lied to congress and the roles on the january 6 committee with dr. fauci in terms of misleading congress and "the bottom line" in the currency actually committed and guilty of and found guilty of, this is again very unprecedented. cheryl: this also includes u.s. capital in d.c. metropolitan police officers who testified before the select committee. is not just a select committee which includes adam schiff, list cheney is on the committee but again as well as anyone who testified the law enforcement officers. do you think it's an overreach by the outgoing administration. >> it is a fact of the matter

there interfering with congress works. if list cheney actually conspired with witnesses for instance which there is an accusation of an dealing with congress congress should be able to deal with it we should have a contempt charge and that contempt charge should be prosecuted if necessary. otherwise the people can come before congress and say whatever they want and hope they get future immunity. cheryl: i appreciate you coming on the breaking news moments before your scheduled appearance, we invited you on the program i was going to talk about the business at hand and that the house freedom caucus which your the chair of, you and the team flooded the corporate tax hike in states like new york, new jersey and california in exchange for easing the salt cap deduction for individuals and families this is becoming essential part of the reconciliation among republicans, some new york democrats who are pushing to remove it completely this is yesterday. watch this, we don't have a

soundbite but this is paraphrased, this is chuck schumer and other democrats, jerry nadler was standing there holding the press conference saying they want the cat completely taken from salt off the table, your response. >> that is fine, let's ask them where they want to find the 1.2 trillion dollars that that would cost "the bottom line" this is not calling for corporate tax increase new york and california can eliminate their corporate taxes and the salt adduction would have no effect. this is to get at those states like new york and california to have high corporate tax rates incorporation of federal tax law to dump the taxes. in effect the average u.s. taxpayer is subsidizing new york and california some of their craziness. if california wants to have free healthcare for illegal citizens, that is fine don't expect the

u.s. taxpayer to subsidize. cheryl: how committed are you to to bills there is a group that say one big bill and that's what president-elect soon-to-be and a matter of hours, president donald trump is asking for and then there is those that say in your been saying unless you change your opinion over the weekend that you want to focus on border in another issue first and then in the second bill addressed taxes. >> if we could do it all in one bill quickly, that is fine i have no problem with that. i'm afraid the tax bill will get caught up like negotiating the salt adduction. but i think the president might have to put his finger on the scale very early you might have to craft the bill or have his staff craft outlines of the bill and insist that the house and senate passed the bill otherwise it will drag on for a long time in the president needs border funding right now. >> congressman andy harris, big day on capitol hill.

i know the plans have changed but the celebration will still remain the same today is inauguration day and president donald j trump is back in office, thank you so much for being here. we appreciate it. coming up, tiktok is back online again for american users as president trump looks for a 50% ownership stake in the chinese owned at, president biden moments ago issuing 11th hour pardons for dr. fauci, general mark milley anybody worked on the january 6 committee testified after the break tennessee senator marsha blackburn, don't miss the interview, you're watching "mornings with maria" live on fox business. what does a good investment opportunity look like? at t. rowe price we let curiosity light the way. asking smart questions about opportunities like clean water. and what promising new treatment advances

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his term, president biden issuing pardoned were pre-pardons for general mark milley, doctor anthony fauci and all congress members and staff who served on the january 6 select committee that includes witnesses who also testified against president trump, lawmakers on capitol hill in eric schmidt, the guy who claimed he would protect norms continues to bulldoze them in the constitution, biden truly is one of the worst in american history will only be remembered as a guy between trump's two terms joining us not tennessee senator marsha blackburn the senate judiciary commerce small business health joint economic finance and veterans affairs committee, senator blackburn it's wonderful to have you in your reaction to the breaking news. >> they know that they did things that were unlawful and certainly unethical.

president biden knows this as information comes out he wants to say he gave them a pardon and it's basically for them to be held accountable for what they did with the committee, with covid and i'm not surprised by this at all this is a president that is worked overtime to make illegal legal so it would suit his agenda which is a miracle. cheryl: senator i don't think i personally was looking into this and ever seen this happen before the pre-pardon if you will, is this constitutional. >> i'm sure there will be discussion about the president has a right to issue pardons and in deed as you're saying no one has ever issued preemptive

pardons but he did that with hunter and he's done that with people that testified against president trump, here's what joe biden is missing on november 5 the american people sent a message that they wanted to see action they wanted change in the borders secure in inflation dealt with and they want the economy to be strong they want us to return to our standing in the world that is what donald trump is going to deliver and i'm still looking forward to him being sworn in today to the ceremony and seeing him move forward for the american people. cheryl: there is a long day ahead and a lot of celebration in the circumstances later today the senate gets back to work because you will be back in business and it sound like one of the first things you look at

is a confirmation of senator marco rubio. >> yes indeed were looking forward to them, we are still working to reach an agreement on time and being able to confirm senator rubio, john ratcliffe pushing kristi noem forward, getting the confirmations done today is important. you are going to see us every single day starting the confirmation and pushing them across the finish line so president trump has his cabinet so i can move forward with the american people's agenda. cheryl: no rest for the weary and getting the secretary of state in place would be of paramount importance considering what were seen happening overseas with the real and hamas that's been struck there, the other good news i want to get your take on is tiktok, the restored service to 170 million american users yesterday there was a 14 hour shutdown.

the act failed to secure and before that president trump coming through to keep it running here's what he wrote i'm asking companies not to let tiktok stay dark all issued executive order to extend the period of time the before the boss prohibition we can make a deal to secure our national security is a pop-up read tiktok is back in the u.s., here is donald trump yesterday. >> as of today tiktok is back, i said all approved but let the united states of america owned 50% of tiktok on behalf of the united states. the united states will do what we call joint venture and there's no risk were not putting up any money all were doing is giving them the approval. whether you like tiktok or not we're going to make a lot of

money. >> some lawmakers in your colleagues have taken a hard line stance, senator tom cotton, pete ricketts came out with a statement that says the law has taken effect there is no legal basis for any kind of extension that is effective date for tiktok to come back in the future, bytedance must agree that satisfies the laws the faster requirements by severing all ties between tiktok and communist china, house speaker johnson supports, senator your reaction. >> we must have a true divestiture, we want to make certain that the data of americans is held in the united states in cheryl, tiktok, there on all platforms, what we oppose the chinese communist party has access to all this data, they are able to build a virtual you of every user of tiktok because

the spyware that is built into the platform the data being housed with beijing has to have u.s. ownership in the data has to be here it has to be severed from the chinese communist party. >> that includes algorithm in your opinion. >> yes indeed it does, you do not want the algorithm going in and capturing data from the other ra apps. that's one thing that's a dangerous about tiktok. the algorithm scoops up data from other apps that are on your phone that travels basically and what congress has said that is spyware and that must in the. cheryl: before you going to have a lot of time lo left but i wano get reaction on three israeli hostages reunited with their mothers yesterday very emotional

after 471 days. i want to get your reaction to the cease-fire that took hold in israel yesterday. >> we know that steve wycoff has worked tirelessly to make this happen. he has been an excellent on why in making this happen and we celebrate with these families and we grieve with those that have lost lives and those that are still held so we have phase one. it's imperative that we move on to phase two and three and that we have all the hostages released and accounted for. cheryl: thank you for taking time this morning on inauguration day. thank you it's always a pleasure senator marsha blackburn. >> we have a lot more coming up this morning, the wildfires in the palisades are 50% contained but california is facing the most urgent wind warning yet. all the details on the other side of the break, this week were taken to davos switzerland, maria will be live from the economic forum wednesday and thursday. you're watching "mornings with

maria" live on fox business. ♪ >> "mornings with maria" live from the world economic forum and office open. we are up early with the biggest and brightest minds from across the business in the political world, bank of america ceo brian moynihan carlisle david rubinstein, the president of poland andre do not service now ceo bill mcdermott among our guests, "mornings with maria" on fox business invested in you. [paper flips] ♪

the way i approach work post fatherhood, has really 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.

in the average household, there are dozens of connected devices. connectivity is a big part of my boys' lives. it brings people together in meaningful ways.

cheryl: firefighters in los angeles beginning to take control of the deadly wildfire by strong winds could increase the fire spreading. >> terry willis has a detail. >> california firefighters making progress against the devastating palisades fire now at 52% containment. the danger is far from over, more santa ana winds expected today bringing guests up to 100 miles per hour raising the risk of new fires across southern california, 27 people were killed in the fires in another 31 reported missing, officials urging residents in high risk areas to prepare

evacuation plans insecure their homes, president-elect troutman shooting the victims over the weekend. >> tonight i want to send our love to everyone affected by the terrible wildfires raging in california. we are praying for you all, we love you all and we will be there very soon, i'm going to go out there on friday to see it and to get it moving back, working to get some of the best builders in the world and we will get back. >> fox corporation made a $1 million donation to the red cross since the california wild relief effort, combined with fox news employees and viewers will raising over $3 million total so far, you can help by going go.fox last red cross were skating the qr code on your screen. teamsters union members at nationwide costco locations voted by a huge margin to walk off the job at contract negotiations are finalized by january 31, the teamsters right

our members have spoken loud and clear costco must deliver a fair contract or they will be held accountable in the fair wages and benefits are the catalyst for the strike practice pickets are really starting across the country is no deal is reached 18000 employees could walk off the job, we reach out to costco for, were waiting for that. in addition to pardoning anthony fauci in general mark million members of the general e-cigs committee as cheryl reported earlier at the 11th hour this morning president biden granting five other pardons in his final hours including a pardon for marcus garvey a controversial black nationalist leader who believed in racial separatism from the 1920s. he died in 1940 and was charged with mail fraud, biden pardoning immigrant rights activists and criminal justice reform advocate while commuting sentences for two others. these moves comes as biden

posted about issuing more partisan commutation than any other president. meanwhile house speaker mike johnson claims president biden had no idea he signed an order positing natural gas export/fear, johnson speaking to journalists on her podcast about what happened at the private oval office meeting in 2024. listen. >> can i ask you a question i cannot answer this for my constituents in louisiana, why did you pause lng exports to europe. liquefied natural gas is in great demand by our allies, why would you do that and he looks at me stunned and he says i did not do that and i said mr. president yes you did it was an executive order three weeks ago and he said i did not do that he was arguing and i said mr. president respectfully can i go out here and ask your secretary to printed out will read it together you definitely did that.

>> unbelievable johnson described biden is genuinely unaware of the policy during the one-on-one meeting, the new york times report revealing biden use teleprompters for private fundraisers further raising concerns among donors about his ability to speak with the prepared remarks. as i send it back to you when the f been nice if we have had that report when it could've made a difference. cheryl: exactly because this is a year ago that mike johnson was talking about the meeting with president biden where he felt ambushed thinking everybody else including the cia director, your reaction to this. >> i think the flurry of executive action that is happening right now they need to be a congressional or department of justice investigation into the mental capacity of joe biden and when it becomes clear how the capacity is not what is advertised as is been for the last four years how many of these things that he was sig

signing. this is elder abuse, has been elder abuse in the massive consequences for the sake of the republic going on right now. never have we ever seen preemptive pardons like this. as well as mike johnson was just talking about. >> the story that johnson tells them the soundbite that jerry played his study. >> you wonder how many times has it happened but number two who's pulling the strings behind in the white house. obviously is not just joe biden. other people telling them what to do at advising him but for him to not have any recollection of doing something or signing something is very concerning. cheryl: anymore on the story before we go. >> on like everybody else who was pulling the strings and i think the media really dropped the ball. cheryl: there you go exactly.

gerri willis thank you so much, we have a winter storm right now standing in northeast with several inches of snow in creating slick travel conditions on i-95 new jersey governor phil murphy declaring a state of emergency due to the snowfall in the life-threatening cold temperatures. meteorologist britta merwin live in madison new jersey. >> good morning, top stowed totals for the state of new jersey 7 - 8 inches nothing the bat an eye at, madison new jersey which is a short 45 minute train ride from new york city for an half inches of snow. it is beautiful snow, the consistency is extremely light powder, the kids when they wake up there going to love being out and about with their families. i say when the way wake up as a holiday. for the most part the story in new jersey is a happy one. i think the big story is not going to be the 5 inches of snow in madison or 8 inches of snow

in the state of new york. it's going to be the brutal cold, right now it is 15 degrees in madison new jersey, later tonight when you throw in the wind in the plummeting temperatures it will feel like negative 15 we have a cold-weather advisory that starts tonight and last all the way through wednesday and we have cold-weather warnings across our country that starts porting to border. yes even down to the gulf coast. britta merwin, thank you so much for the live report, stay warm it's pretty from here but i know you are cold and we appreciate the live report, britta merwin from "fox weather". you're watching "mornings with maria" live on fox business.

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