(♪) (♪) what took you so long? i'm sorry, there was a long line at the thai place. you get the sauce i like? of course! you're the man! i wish. the future isn't scary. not investing in it is. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com >> from the fox studio in new york city, this is "maria bartiromo wall street". >> welcome to the program that analyzes the week that was in position to for the weekend. i am cheryl casone and for maria bartiromo. an action-packed second week in office for president trump

signing a flurry of executive orders targeting everything from ti rollbacks to bolster international security trump directly targeting federal workers with an ultimatum to return to office full-time but next thursday or quit with the buyer. >> and people aren't coming to work and they're not going to come into the office and report as for the date that you know what it is is been very well-documented vendor to be terminated. they will be replaced with very competent people. cheryl: workers must prove that they did not have a second job while remote working on the government's dime, the common sense demand that they do their jobs has whipped democratic lawmakers into a frenzy. >> let me assure you this offer is too good to be true because there is no federal funding to pay people who do not show up to work. >> the president has tried to terrorize you for about a week and then gives you sweetheart

offer, don't be fooled, show up for work, be diligent, serve americans every day and make their life better and answer the phone call and give them an answer and tracked on the constituent call don't be full by a fake offer and he is a strongman and autocrat. in legal actions out of the court. >> interview accident budget homeland security member ohio senator bernie marino i want to get your reaction to particular you heard from senator blumenthal at the end of that and this is going to end up in the courts. i think president trump is a 100% with the authority to do the common sense which is ask people who work for the government who get paid by the taxpayer to show up for work, it's no surprise that the democrats are up in arms, while chuck schumer was majority leader the senators themselves did not show up for work barely.

they were coming tuesday afternoon and leave thursday morning and now senator thune is working monday through friday the all complected, people themselves don't work very much in the upset with the president is asking governor employees to work in the administration the white house has signaled that may be a part of the reform of the federal workforce to sell off some of these pieces of expensive real estate that is not being used completely, do you think that is a good idea. >> absolutely you look at the statistics. roughly 12% occupancy rate and federal buildings in washington, d.c., that includes maintenance crews and security, virtually nobody is at work, we have to re-examine and right sides of federal government. we cannot afford the size and scale of the bureaucracy that they currently have but i applaud president trump for doing what he's doing most private businesses do all the

time but of course my colleagues represent the idea that you can come to washington, d.c. and not get very much done that's what they did for four years. cheryl: certainly there is a lot to discuss with the new administration democrat are drawing roadblocks into the confirmation of russell vought to head the office of management and budget, they boycotted in your budget committee this week. watch. >> as long as russellville is donald trump's pick for a would-be director, americans can be virtually certain, he will try again to illegally seize funding for their communities. >> we are here together instead and were calling on the full senate to reject ross votes nomination. >> what you make of summit democrats rejection to vote in the link that you're going to have to go to on monday just to get him confirmed. the other thing that they said and they want to decrease

funding isn't that the point of what donald trump wants to do right now? >> more importantly what they ask him to do on november 5 this is what the clearly and unequivocally voted for, i think the democrats skipping the budget committee meeting yesterday was childish and completely unnecessary, it is rich coming from democrats to allow president biden to illegally forgive student debt even after the supreme court ruled unconstitutional they need to set this out, for four years they enabled in administration that was completely lawless and what were doing is restoring sanity there is no better person to run a web even russ vought and i'll be very proud to vote for him next week he's getting at is the agenda that we deserve. are you confident he's going to make it through. >> were to get all the president trump nominees across the finish line in its imperative, we've got to get to work. and fortunately the democrats know how to do only one thing

which is to block and be the opposition party they have no ideas, no policies that move this country forward, we do and will get it done. you are going to be part next week of a hearing that's going to investigate alleged instances of this termination by maker major banking institutions per key witnesses are going to testify based on their political views, president trump is directly accused bank of america and j.p. morgan chase of what's being called the do banking of conservative customers but the big banks are denying this and there is no political bias, what is the goal of this meeting for this hearing. we gotta get the facts out there i've heard this from constituents in ohio especially in the oil and gas industry.

the ammunition business, i've heard this over and over again from the crypto world, these banks, this is what they're doing we approve really secret plan punishments coming to them. we don't want it to get there. my view to every banker after is do the right thing, do not force washington, d.c. to correct your bad behavior, it'll be really bad for you and your shareholders and i suspect it probably is over the last four years we've seen the weaponization of government and also working to put into that right away. cheryl: if you look at the examples of some groups and organizations they have been debate, melania trump was one of them, she wrote about in her memoir that this happened to her in the national committee for religious freedom they were dipping three weeks after opening an account. and it can be interesting to hear their stories and the banks

denying that that will be another piece of the hearing, before you go we've had a tragic week. investigators are still searching for answers around the deadly d.c. crash that claimed the lives of d.c. victims, president trump is calling for dif the faa looking to the last four years of aviation hiring, he is suggesting that maia played a role in the tragedy. i want to get your thoughts on those comments from president trump. >> is an unspeakable tragedy. i cannot imagine what those families are going through, picking up a relative at an airport we've all been there anxiously waiting somebody we haven't seen in days or weeks only to see something of this. the tragedy is unspeakable. i absolutely said my prayers and thoughts to every family member involved, a terrible situation. working to get to the bottom of the and we are to make certain that we restore this country to a merit-based system where the

best people for the job or put in the positions and on their immutable characteristics or advanced somebody not because of the best person but were trying to check a box on the first hispanic in ohio and south america born senator i hope nobody voted me because of that reason this is a country built on merit and hard work and that's what president trump will restore. you think we can build up the ranks of air traffic controllers they have been dealing with the shortage of air traffic controllers for years and is expected that's pretty going to 2030s unless something is don done, working to restore this country to greatness, bring people back into positions where they know if they put in hard work and effort they can advance and stop this movement that happened over the last four years that discouraged hard workers from wanting to show up, that's what were going to do

they give us an ultimatum on november 5 to get the extended advance advice, that's what were going to do. cheryl: senator bernie marino was good to speak with you, thank you for being here. president trump reiterating his pledge to stop 25% tariffs on mexico and canada this week and as a close-up on a

before the spotlight— we struggled to keep the lights on. i saw more for myself. and sofi gives members the financial tools to see more for themselves. join the official bank of the nba. sofi. get your money right. here's a look at where markets into the busy week amid the front of tariffs on mexico and canada a flurry of executive actions at the white house in a flood of earnings reports and the federal reserve holding rate study, take a look at january stocks indeed on a high note and that traditionally means a good year for the market global investment in cio bob dole is always great to speak with you you said we should feel good and positive when it comes to corporate earnings for the year

and also the fact that you do have a new administration in place. >> all accurate we're in the middle of fourth quarter earnings report started off with the banks which are off the charts since then pretty good there are things we can pick on as long as the economy is okay earnings will be okay and that's what stocks are watching carefully especially at elevated multiples next week we will get the jobs report for the month of january in the slow process of higher employment continues. as the jobs report something to keep a close eye on. >> absolutely some signs in the appointment reports are weakening, slowly i don't want to alarm anybody we need to watch it carefully but as the jobs go so go the consumer and as a consumer goes so does the economy. cheryl: going back to the first year under president trump, you

say the s&p 500 produces positive returns in the first year of a new president and we seen the trend in nine of the past ten times presidents if you will. let's dig deeper into this, is this a deregulation story is as a tariff story and what do you think energy production story, what do you think is going to boost the economy this year end boost the market. >> the easy answer is yes all of the above the number of things that president trump talked about on the campaign trail was a long list as you know. what is he going to do what is the order of priority going to be we are worried about tariffs, are they going to happen are they not going to happen in canada and mexico, where it is china activating in central banks of the u.s. better struggling with all of that. in the meantime deregulation a positive tax-cut assuming they happen would be good news for the market as well.

cheryl: the fed holding rate study, may be no surprise but do you think the fed is going to be as important of a story like this year compared to previous years. it seems like there is another mandate going back to employment law seems to be where the focus is. also the issue of inflation which at this point in particular with the december pc index which came out showed reverently these numbers with the fed inflation and the favorite gauge that was the largest gain we've seen since april of 2024, there is a lot for them to work through, does it matter in the end when you look at markets? >> maybe it matters less this year than last year the fed jobs always difficult. with the inflation numbers all use the phrase remaining sticky. our view, no way inflation is going down to the fed to present

desired number absent every session which we don't see, which we think inflation will constantly be in the headlines and keep the fed from lowering rates very much if at all. cheryl: you say higher tariffs are not necessarily risk-free, what do you mean by that. >> a trade war globally are generally never good news. if we think will flexor muscle and put a 10% tariff on somebody they're not just going to sit there there to come back and retaliate global trade wars are not good news for global economies. we have to be really careful how we use them. cheryl: when it comes to the global story you may have a discussion about concerns when it comes to inflation in this country in particular core inflation with the report that we got on friday. but at the same time with the global story in the inflation story right now how much effect

do you think that's going to have on global equities. as now it's time to look for investments outside of the united states or should we keep focused on u.s. stocks and bonds. >> a primary focus as american should continue to be on u.s. equity markets. but the rest of the world is pretty important and the rest of the world is very cheap compared to the u.s. an evaluation is not a good short-term indicator but i've seen way to be portfolios that are 98% u.s. into token to present outside of the u.s. i would have more than that. on weakness i would add to non-us positions slowly but surely you don't have to be a hero, bob doll, thank you for being here, always good to speak with you. cheryl: the party may not be over, the famed former

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cheryl: after nearly 40 years party city is suffering the fate of many retailers and 2024 filing for chapter 11 vacancy protection back in december. up to 700 stores will close by the end of february affecting 12000 employees across the country, the party supply chain could receive a lifeline from former modell sporting-goods ceo mitchell modell and his partners they are bidding for the bankrupt chain and auction next week, mitchell is here with me right now. why do you want to say party city. >> we think party city is a brand that is needed in the marketplace, the feedback from customers and my partners and i

spent a lot of times in the stores there's no reason for party city to go back. it was the old model. today's model in detail what works is freshness, newness, being vertigo, having sourcing capabilities and also in having the surprise and delight with the experience of the customer that is exciting that's what they were missing. his party city really started as a manufacturing company and then it converted and brought out party city back in the early 2000 so they really never retailer. jerry rittenberg but when he left the whole model changed. cheryl: how did you do this and how would it make financial sense. i asked i'm curious if you're worried about tariffs. the second would be your talk about changing the supply chain and actually changing the manufacturing of the goods for party city and also adding an

sporting-goods which you know something about obviously. >> we look at this as a real estate play in big lots and party city, they went through bankruptcies and party city went through bankruptcy in 2023 cleaned up the stores closed up all the stores that were unprofitable and gives you a new slate, we look at this as a real estate play and as cleaned up stores and we went through a lot of reiteration we only got into this process 40 days ago today and as we go into the data room we look at all the information and keep changing we went from big lots and party city 1600 stores now are looking at 735 stores then it went to 600 and now are looking at 400 stores that are profitable in making a

play for. cheryl: you want your sons to run a business. that's an interesting choice because that's the younger generation and they would have a different take on how people shop, what they shop for, what their taster, talk to me about that, you're passing the torch. >> the way it started we look to this vehicle we found out party city in big lots are both going out of business on december 20, on december 21st i called three guys in the retail business that are brilliant a financial guy, and operations guy in the ceo which i can't mention the names but are brilliant guy in a merchant, i said this you guys want to take a shot at this and at the time it was big lots and party city in big lots went away in her focus has been on party city and since then we've been putting

the whole dream team together analyzing the information in the data room and seeing how this thing can be a definite success. cheryl: it's great to see you, thank you so much for bein

(♪) car, this isn't the way home. that's right james, it isn't. car, where are we going? we're here. (♪) surprise!!!

the future isn't scary. not investing in it is. car, were you in on this? nothing gets by you james. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com cheryl: welcome back one thing you need to know ahead of next week is not time for the game to begin but fans will be flocking to new orleans in the superdome this upcoming week to see the rematch of the chiefs versus the eagles in the super bowl the average price for a ticket is over $8000, that is down 14% from last year when the game was in las vegas and there will be action outside of new orleans, 41% of viewers plan to bet on the game this year that is according to lending tree, total amount is projected to surpass the all-time record $25 billion

the game kickoff start to 6:30 p.m. eastern time next sunday right here on fox. maria is going to be leading up to the big game on "mornings with maria" 6 - 9:00 a.m. eastern time weekdays on fox business and she has a big show this sunday over on the fox news channel at 10:00 a.m. eastern). the moment, president jd vance, senate majority whip john barrasso, epa administrator lee zeldin and borders are tom hom homan, that'll do it for us on fox business, thank you so much for joining, have a grea weekend. ♪ >> "barron's roundtable" sponsored by global x etf's ♪ ♪ welcome to "barron's roundtable" were we get behind the headlines and prepare you for the week ahead.