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cheryl: good afternoon i am cherring cherring for maria bartiromo, it is monday, it is january 20th, 8:00 a.m. east coast it is inauguration day, news president biden issuing a slew of 11th hour preemptive pardons for dr. anthony fauci general mark milley members of the january 6 committee grady trimble live from capitol, ahead of president-elect trump's inauguration. >> cheryl what an interesting

dynamic, the site of a rather unconventional parade president biden issuing priest pardons dr. anthony fauci mark milley former chairman joint chiefs of staff members of the house january 6 committee that investigated riot on embole includes liz cheney, and adam a line of people braving the col temperatures, huge crowd waiting to get in, around 6:00, this morning. they will be able to catch the swearing-in ceremony taking place at the capitol rotunda jumbotron here because of eliminated space at the capitol rotunda we expect high profile guests of president-elect trump pooeb here for it, president-elect also one last rally here last night where he previewed a

busy day going to have today, says signing close to 100 executive orders on border, energy a host of other issues. >> i will -- with historic speed strength fix every single crisis facing our country before even taking office you are already seeing results that nobody expected to see, everyone is calling it the i don't want to say this,, too braggadocio but say it anyway the trump you effect. it is you. you are the effect. >> trump took credit for that ceasefire agreement between israeli and hamas he said there cho would we hell to play if no deal before inauguration day cheryl yesterday we saw three of the 33 hostages return home to israel. cheryl: emotional moment yesterday back with mothers, grady trimble live for us in

washington, thank you so much jonathan reaction. >> call it trump effect new conservative movement, nothing not even weather is putting a damper object people getting out to support him, pretty amazing colds out a ice-cold, i think, you know, i don't think, anything is going to stop people from having an amazing time today not to mention, you know, trump raised over 170 million dollars, just in context of inauguration, i think should be said not regulated by campaign finance this guy knows how to win. >> mike lee certainly, the crowds that have come to and arrived to washington, shows you this is a very different inauguration day than we witnessed in 2017 feeling different mandate in place for this president. >> very, very different, you

know democrat has to win, popular vote by four points to carry electoral college on average trump won by 1.7% roughly 6 points, he won this election by that mass a massive political mandate, he continues to get more popular, by the day. and i think, after announcements like this morning, his popularity favorability is going to increase much more and then many, doing everything inside makes people who have been nervous about trump's safety it makes you feel better much more manageable places for them to keep president safe. cheryl: yeah, grady made a great point about inaugural parade, different in arena we know the garbage truck will be there so many, different moments -- [laughter]. cheryl: that are just you

know, just -- >> very -- unconventional new way ymca dance that was so -- mike did you watch that rally dancing. michael: yes, we need trump to wear some garbiden today, maybe, apron put cherry on the cake, are. cheryl: you know, obviously, issue so many things are going to happen today, but, you know, grady mentioned what happened yesterday that was the first three hostages released by hamas three young women with mothers video emotional, odoraround, dimari hamas, releases part of the ceasefire deal releaseing more girl tan to idf post for

evaluations israel released 90 palestinian prisoners trump spoke about this last night. >> we achieved epic ceasefire agreement, as first step toward lasting peace in the middle east. [cheering and applause]. and this agreement could only have happened as a result of our historic victory in enforce i know biden is saying that they made the deal well, you know chuckleing, [boo]it would have never happened if i were president would have never happened not even a off this of itin broke no money for hezbollah no money for hamas. they had no money they were broke. totally broke, would have never done anything. >> reaction? >> first of all beautiful to see the families, of hostages reunited, i mean, it wasn't

long ago but was long ago, october 7, 2023 first attack by hamas, interesting here when you saw president address this, are president biden is trying to take credit for this. when he could have done something put something in place, have a deal reached, sometime between october 7 of 2023, and now. all of a all of a sudden day or so he before new president-elect is inaugurated this happened i thinks show in and of yes, it is impact effect call that trump effect, if you will will what has happened, has trump's stamp not joe biden . >> certainly a lot of joy in images yesterday "mornings with maria" live business." . ♪ .

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>> . >> it is inauguration day, the 47th president of the united states donald j. trump begins work today, there is going to be pomp and circumstance ceremonies blair house where donald and meloni trump will exit we will keep live pictures up in case we see president-elect and melania exit blair house a tea at the white house, and of course, the capitol inauguration

ceremony begins indoors because of the weather in washington, d.c., other use new york city mayor eric adams suspending meeting with president-elect trump at mar-a-lago happened friday, where they spoke about the state of new york city money spent on illegal migrant crisis, the case did not come up did say i do not discuss legal case those that suggest mayor largest as it of the nation should not meet with incoming president to discuss priorities because of inaccurate speculation clearly scare more about politics than people immigration and cruz enforcement ready to launch large scale deportations across sanctuary cities, chicago here in new york reportedly tomorrow i bring in new york congresswoman miccole malliotakis member of the whose house committee. >> it is inauguration day in

washington your reaction. >> it is morning in america we begin agree america comeback day bath for to get company on track produces affordable safe, secure, having great again so we are very computed a lot of energy in washington yes new york city very much looking forward, to seeing the criminals wreak havoc on streets, the cartels gang members the drug traffickers sex traffickers that committed thousands of crimes will be exported under president donald trump we will restore sanity to streets of new york city. >> have odds by passed congress executive orders, energy, government reform, there is you know paris climate accord deportations how do you see this playing out in your district well not

your district at least in new york city, when you have these -- these migrant whites groups lawyers ready to pounce defend from the moves of ice that we expect to see tomorrow. >> there are those in new york city that want criminal gang members to be able to stay, and live on your tax dollars, in luxury hotels rooms quite unconscionable to see, even our attorney general james said laken riley action should not become law passed overwhelmingly with bipartisan support in the house and senate a, requiring individuals that commit crimes to be detained and deported. so when you have that type of leadership, in new york, it obviously, makes it more difficult for ice to do their job, you know. it is a dangerous situation for ice to go in there to find

these individuals, who have requests dangerous gang members people who have murdered people, by the way, we literary have people stabbed to death bying migrants in new york city cops shot at all sorts of dangerous situations and here a government in new york city new york state doesn't want to help them want it more difficult putting their lives in danger. cheryl: one thing designating cartels as foreign terrorist organizations, to, you know, change and in particular not just you been talking about sanctuary cities but to stop flow of migrants i want your quick reaction to breaking news president trump announcing pardons general milley dr. fauci congress members served january 6 including witnesses who appeared a statement from mark milley says my family and i

deeply grateful for president's action after 43 years of face full service protecting constitutional to say unjustly might seek retribution. >> if anyone politically prosecuted somebody it was -- it was the democrats who did this to president trump, what i would say why do you need a pardon if you did not do anything wrong? what did they do? we know that our investigation, regarding the biden family shows that millions of dollars fun freld communist china from russia, into the biden familying bank accounts, they are really should be accountability for that. and in terms of the pardons seems if they don't do anything wrong why do you need this pardon we were never party that targeted people, that is what democrats did to

president trump try to destroy him personally professionally financially with other people who opposed their agenda we will see how it plays out i think very felling they felt they needed to grant this pardon. cheryl: we have congressman on earlier, house freedom caucus they floated this corporate tax hike in states like new york new jersey california in exchange for egged cap deductions for individuals and families i hadr to what he told me earlier. >> the bottom line this is not calling for corporate tax increase, you know, new york and cal can limit corporate taxes salt deduction eliminate taeks would have no effect this is to get at states like new york, california have high corporate tax rates they take advantage of federal tax law to dump taxes in effect

average u.s. taxpayer is subsidizing new york's and california's some craziness, california wants to have the free healthcare for illegal citizens, that is fine, don't xu.s taxpayer to subsidize it i. cheryl: congressman you've got a new op out on si live you say president trump agreed to work with us to increase deductions families in staten island and brooklyn can benefit as new yorker president trump understands we are taxed to by the did i hock university adams those controlling our state legislature and city council please elaborate. >> i understood congressman harris' viewpoint i agree mayor and governor are reason we neither salt removed from federal level they could cut income tax choose not to could cap property taxes in new york city they choose not to, but i don't see how taking it out on

hardworking middle-class family who is -- is desperate to keep more money in pockets, is the right approach, you can't give a higher tax rate, to just a handful of states, that is that would be ludicrous quite frankly, i think against the lay, but what i will say that -- new york, are what i have said we should provide minimal tax relief for salt targeting to middle class would be offset by other spending cuts that they have been looking at, and we have a way to pay for it. so, let's help middle class families like the one i represent, in staten island and brooklyn i think right thing to do president trump made it clear, he wants to provide that relief as new yorker understands this is driving people out of our state, and, yes, we need to hold governor accountable he hopefully a new governor next year, but you know, right now got to do what we can from a federal level not just that,

we have a child tax credit, the doubling standard deduction, he personal income tax rate benefits all across the country good measures helping family make ends meet keep roof overhead keep food on table we want to build-that success more relief for senior citizens as well really struggle, and paying taxes on social security, income threshold not changed in 40 years, of course, the president has other things, like no tax on tips need to be targeted, again, to working class. cheryl: yeah. the work begins, already has nicole malliotakis thank you so much for joining us on inauguration day we appreciate it great to see you we'll be right back, everybody. >> thank you. .

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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. . new this morning we look at live pictures theirs blair house in washington last night president-elect donald trump melania trump soon tore fis lady, at blair hours across the white house woikt departure heading to st. johns church attending a service there, then to blair house the white house, and from white

house they will head to the capitol inauguration ceremonies getting underway just after 10:00 a.m. eastern time, of course, going to be watching live pictures, look for donald trump when he leaves, also news on costco the teamsters ready to authorize nationwide trick overwhelming 58% margin they agreed to account with 18,000 members that is to expire january 31, futures are going to be trading until 2 pm eastern today inauguration day the martin luther king jr., holiday. stocks did rebound, they have been since election day, as mr. trump begins day one of administration, today but return of white house and economists forecasting higher inflation, "wall street journal" survey predicts consumer price index will prize this year.

, gregg your reaction to that? >> cheryl i am not worried about what a group of economists say they tried this during the campaign last summer put together, allegedly 11 or 17 economists said trump's policies would cause much more inflation. than kamala harris'sor joe biden's i think political bias, you know, it wouldn't be too difficult to find academics arguing trump's policies are bad they are not considering the liberalization of the private second to supply-side to job creators in other words, producing more i think not taken into account. >> crypto a topic this morning, was over the weekend, bitcoin now all-time high, pulling back right now account is but over the weekend,

donald trump lost launched meme coin concurrency market value more of 8 billion wrote, any official meme is here, during special community get your trump now trump.com dropped 25% after first lady melania trump launched her crypto coin, the combined value at one point 60 billion, things you know, that didn't exist 48 hours ago, so, it is a really dangerous game to play, i think people are -- are right to bet on the trump administration, right to bet on optimism we are seeing with voters in general, there is a lot of optimism i guess a way to bet on that by buying some a -- coins i think i would be

cautious about it mike lee what do you say? michael: look. i am really excited to see what the executive orders are as relates to cryptocurrency today, is it trump going to say there will be no taxes on cryptocurrency? because they are not securities so no capital gains or create a bit bit strategic or crypto strategic national reserve? i think this is the hype around it there is meme coins out possibilities now looking at pro crypto administration, bringing people like david sacks, have to has to make you believe that cryptocurrency the best days in front of it. cheryl: when we look ahead to the second term of donald trump, and as we watch the live pictures from blair house about to xa gart, head to church service as festivities begin there is talk about from

about market perspective taxes, tariffs, now tariffs could be coming sooner than any type of tax changes or extension of trump tax cuts from 2017. how do you think the market is going to react as all of this unravels we start trading tomorrow morning. >> i think about specifics, cheryl a lot commentary over valuing considering downside without upside they are going to drive revenues used as cools to bargaining tools of course going to support, critical industries in u.s. critical memes, i think a lot of a lot of pessimism around is ownerdone in 2017 tax cuts might take time a good point i think we can all assume, that

factor in, that those will be extended that is most urgent thing for bessent and treasury. >> one things editorial borrowed "wall street journal" writes mike lee with regards to expectations a what orders are going to look like is when it comes to impact of tariffs, the retaliation in their minds is the concern from other countries, that this is a growth wild card in general mike reaction? >>. michael: so, look the "the wall street journal" editorial page wrong about trump and tariffs going back almost a decade, okay? it is like a hair on fire exercise every time, any one is announced, but what they are failing to realize people that promote this quote/unquote free trade free trade only exists in textbooks libertarian think tanks not in

reality with tariffs u.s. freest of fairest trader in the world no when onlying negative effects in the first administration, from these tariff in fact we saw manufacturing renaissance a boom in conjunction with multiple policies leads to economic growth, and benefits from middle class americans, so, you know, i give very, very little weight to the naysayers because we've lived through this. cheryl: mike lee i pressure your commentary greg swenson, thank you so much mike with us the rest of the hour a lot more coming up as we wait for downpour of president-elect trump and his wife melania. >> tiktok, president trump looks for 50% upper stake in the app kevin o'leary red an group chairman catsimatidis break it down that is next to

davos, switzerland maria live from the forum wednesday and thursday. you are watching "mornings with maria" live on "fox business". ♪

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pictures of blair house we are waiting the departure of donald trump and melania trump just spent time in blair house heading to st. john's church attending a service, there that will begin the couple is running about 25 minutes late or so, we've been waiting departure for some time this is the beginning of what is a long for them a very exciting

day. for donald j. trump and melania trump, glimpse of donald trump we see movement looks like secret service mr. trump spoke last night after tiktok service to users after 14 hour shutdown vowing executive order to delay ban until a buyer can be vice president-elect jj.d. vance the u.s. should own at least 50% of app some lawmakers demanding a full divestiture, putting 20-billion-dolr cash offer on table for tiktok, again watch live pictures, alongside, o'leary with

ventures chairman kevin o'leary, indcompany john catsimatidis thank you for joining me live pictures we just saw j.d. vance, entering st. john's church kevin, got to start with tiktok, with you. your reaction, to tiktok going down, coming back up and can you give us an update where you are, in your negotiations with bytedance? >> well we haven't had geeshgs with bytedance lindsey graham povd last night the senator, put out some pretty interesting news there is something called a secret golden share that every chinese company has to issue, to ccp leadership that is xi himself turns out that beauty byte can't negotiate anything unless he made a decision the secret share of veto power over all other shareholders

they do not have rights once secret share is in issue, now what to do with secret share, until xi decides what is going to happen doesn't matter what shareholders think or management it is irrelevant it is secret golden share determines fate of tiktok now, regarding trump's extension i think with what happened overnight that biden administration and trump administration have told the service providers, oracle, that they will note impose fines until extension issue is resolved, because right now they are being find well over a billion dollars an hour. if they were being imposed that happened midnight last night clearly still up, because they have assurances now regarding the extension, that, unfortunately, is not provided for in the laws stands today. that went away last night at midnight, so we are going to have to get amendment, to the

actual order, congressional order bipartisan order to allow for this new extension, and i am assuming congress will work with the president, and then 90-day extension can be put in place. but it is really all about the secret golden share now, by the way, every chinese company it is listed in u.s. has a secret golden share that is what raised the ire of senator lindsey graham this is a big problem going forward. >> i am glad you mentioned the legal perspective because we heard from senator tom cotton senator ricketts yesterday about legal side of this saying law risks bankruptcy for a any company who violates it now that law has taken effect no legal basis for extension on effective date, again, as you can see showing you -- the seen live pictures of donald j. trump about to be 47th president of the united states today now exiting suv,

with wife melania, i want your reaction to this, one of the things donald trump said last night was government upper if 50-50 pro polo proposal 50 he% ownership is it government or company owning 50% of tiktok in new proposal from president-elect trump? >> um, yes, i heard that as well. sometimes, as we know, with the president you've got to distinguish signal from annoys, bombastic an interesting idea unfortunately, not provided for in the law the law is specific, that there can be no chinese upper, however,, trump could appeal to congress modify it would again, have to go back and be amendment. to allow 50% ownership with china, but the problem also to deal with, is the order last dprooi, nine to zero decision from supreme court further defined what is permitted in

terms of the chinese technology. there is five billion lines of code, chinese code inside tiktok that is how it is used. to garner gather distribute information on american users to chinese ccp party what this whole thing was about in the first place, that is why we are at where we are at. we are trying to avoid spiral issue we're not allowed as buyers or any buyer to use any of that code, it is forbidden in the law so you also need the supreme court you got to make a lot of changes, to go to 50-50 partnership including original act, including supreme court decision, i think that is going to be challenging. >> are kevin, i think the other thing you are talking about the algorithm, have we gotten any have you gotten any indication that bytedance will be willing to part with the

algorithm every indication messaging we are dealing with secret golden share now don't simply have a directive unless owner of seating golden share is willing to discuss it, so far, it has been a narrative between trump himself and xi. so, i don't know if the golden share owner, xi, is going to put any parameters in place for any buyer, we are we are as far as i know we are the only buyer that is papered an officer in the hands of the shareholders and orn of the secret golden share xi himself, because of the secret golden share is a veto power it is going to be whatever he decides. and or whatever he negotiates with trump. it is trump's deal as of 12:05 today his deal, whatever he tells us, we're going to be to have to execute on we are going to do it we are the buyer right now of record,

there may be another one i don't know of but if secret golden share decides to sell i think we are first to know about it. cheryl: kevin, you know today of course, is inauguration day, president trump going to be sworn in as 47th president of you've states returns to white house another four years things began 11:30 a.m. eastern swearing in at noon vowed sweeping changes to series of executive orders john catsimatidis come eminto this how do you think executive orders are going to compact economy. >> i think very positive move on energy mg prices fall red sea is going to be opened suez canal opened, they are all opened up guess what? the price of gasoline goes down price of diesel fuel goes down, guess what? the pies of food goes down, once the price of diesel fuel

gasoline goes down, and food goes down, well no inflation you might have negative inflation, because of that. and what happens interest rates going down, and i think going to be a very, very positive effect, on the economy. and everybody is looking up to that. i think the -- powell from federal reserve treasury secretary everything possible to make president trump look bad. but as of 12:01 today there is a new sheriff in town a new president i believe, that people are going to very, very optimistic worldwide not just united states, that things are going to be in a positive way. john catsimatidis, kevin o'leary a pleasure to have you both on this morning as inauguration day officially kicks off underway gentlemen thank you so much, we are going to be right back, host

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connectivity is a big part of my boys' lives. it brings people together in meaningful ways. retail industry taking advancing of ai boom techs helpinging biggest resail bands 100 million shoppers per

murp from ai model bring in fine mini founder michelle, talk to us about this, how does this work how much is ai in the fashion industry. >> so much retailers brands highly competitive have to de defend. >> we train on creative output of the brand scale that kind of inflation across everything product they sell tens thousands millions across many different retailers keep that level high for customer that you don't, millions and million dollar of people working all the time to produce that. cheryl: is this available to retail consumer now? how does that work how do this access it. >> web site, that is proud by

ai but with products of retailer and in line with what retailer or brand can editorial vision for styling, fashion. >> ai another story. >> another ai story, trend right now my question is there sort of a secret sauce how your business works in terms of algorithm what goes on behind scenes that really makes this function and work with the overall public. >> great question everyone talking about ai largely when molds from google, from openai, arewhere we train on wisdom of the entire intent to approximation nate human general knowledge who is not great at good style general humans fashion designers are good that is secret sauce deep narrow on topic what makes one different from another mike lee. cheryl: i know that.

gerri: has been investment trooem now seeing really connect to the consumer level but that can mean profit, revenue. >> yeah, michelle taking a look at some notes from your product it seems like brands that are implementing ai, to, you know, show sample outfits to clients are increasing sales increasing profitability but something that is almost day one roi, a huge case we hear from a lot of people that don't really exist yet. is that what you are seeing out there? >> absolutely. i mean one of the biggest metrics of success we have is the repeat purchase rate repeat purchase customer buying again most don't buy on web site once never come back traditional might lose on that they pay so much to acquire you on facebook, instagram, tiktok, google, they might not make money back in that first

purchase getting that loyalty up is what it is all about these days especially, environment becomes more competitive day on roi compounds overtime, lululemon, runawaymens warehouse a long list of clients well-known brand names thank you so much for being here, nice to meat. >> all right. we are look at st. johns church inauguration day you are watching "mornings with maria". we'll be right back. (vo) homes-dot-com. we've done your home work.

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. cheryl: we have a big day ahead, president donald j trump is going to be sworn in as the 47th president today just afternoon eastern time. the futures market is going to be closing today at 2:00 p.m. eastern time due to the inauguration. of course today is martin luther king jr. holiday. i do want to thank michael lee and jonathan madison. we had a lot of breaking news today. jonathan quick ten second. >> absolutely here's martin luther king day today and wonderful inauguration celebration. cheryl: mike lee thank you for joining us, that is going to do it for me, a big day ahead in stuart varney is going to take you to the next part of it. stuart: good morning, everyone. at this moment he is still the president-elect. donald trump is attending the service at st. john'