tv Maria Bartiromos Wall Street FOX Business February 8, 2025 9:00am-9:30am EST
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street". >> welcome to the program that analyzes the week that wasn't positioned you for the week ahead. i am cheryl casone and for maria bartiromo democrats and doge hysteria calling for elon musk resignation and the end of the budget cuts cleaning up government wasting bureaucracy. >> we are going to fight the fire elon musk or at minimum anybody in this country and in congress should at least agree he should not be given on constitutional powers to enrich himself with the taxpayer money. >> at this very moment an unelected unaccountable billionaire is reading our government. >> we have got to tell elon musk nobody elected. >> the numbers speak for themselves. doge claiming $1 billion per day and spending cuts shopping dei initiatives slashing federal contracts and canceling leases for underuse federal buildings
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new york times has reported that administration is planning to lay off the majority of usaid workers reducing the staff from 1,020,300 positions we have until monday to see what comes from trump's buyout offer the millions of federal workers about 60000 have already accepted the buyout here to react all of this is senate doge caucus member florida senator rick scott, thank you so much for being here, your reaction to the absent democrats who say this is really the constitution and our nation is in jeopardy. meanwhile young the cost cutting measures in the early underway. >> first off i think the democrats are in the stages of a loss, there in the grief stage or the anger stage but they don't understand that donald trump won the presidency and part of the reason he won is all
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the democrats foolish decisions, he won because he committed to make government accountable and transparent that's exactly what he's doing and that's exactly what elon musk is doing and they're frustrated that this is happening. the amount of waste is staggering. i'm a business guy, you did the cuconstantly if you have a successful business i begin the governor of florida january 2011 we went line by line by the budget for thousand lines they said if it's not needing the purpose we're going to stop spending the money that's exactly what you would say the taxpayer would want them to do. elon musk is doing a great job in donald trump is doing a great job in the democrats cannoeve id their fraud and all the waste is being exposed and going away. >> david marcus writes on foxnews.com about an op-ed about the resistance in its misguided by democrats but he points out yet one of your colleagues in the senate who is siding with president trump and talking
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about cost-cutting measures and that is senator john fetterman of pennsylvania msnbc going after him. he talked about acquiring greenland and he had positive comments. he went to mar-a-lago. he joined true social. you have some democrats at least on the senate side that looks like they're working to work with you, they're willing to work with you, your reaction to that. >> there is not many. and fetterman promised he was going to vote for pete hegseth in the did it and took jd vance to come in and break the tie. a lot of this is nice when i say nice things but they got a vote with us they gotta take 60 votes to change thing in the senate and they gotta vote and agree with us we are to work hard president trump is doing his job and elon musk is doing his job or getting people confirmed not as quickly as any of us would like because the democrats are blocking them, they're making us
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watch. >> i'm reluctant that senate republicans are introducing sanity to this process it is the only way we will get anything done is if senate republicans are able to take the ball and run with it, the one beautiful package is a nonstarter. cheryl: does this get the support of the house in president trump, what you make of his remarks. >> i'm very optimistic. the truth is whether one bill or two bills on the budget committee and the senate. we've got to get this done regarding of the president money to make sure we secure the border and get the criminals and terrorists and narco traffic out of our country. we have to spend more money to make sure the military is prepared for issues that we might be dealing with especially communist china. number three we have to get the tax cuts done and there's other things we have to do we have to
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balance our budget and do all these things whether one bill or two bills we gotta get this done and we gotta bring fiscal sanity back of optimistic the house and set it will move forward in lockstep and get something done. on another topic were learning marco rubio is going to be heading to the middle east next week this is after israeli prime minister benjamin netanyahu met with republican leaders on capitol hill he back bold new vision for gaza the president wrote on true social gaza strip at the israel conclusion fighting and they would've been resettled in far safer and beautiful communities. you are on foreign relations what you make of all of this. >> i think marco rubio is doing a great job they just got back from a trip from latin america which is an important part of the world and very close to my home state of florida and the
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middle east was this week talking to republican senators here's basically what's happening we will support israel iran will be held accountable, number three hamas will be destroyed. the right things are going to happen, you can't say exactly how it happened. i think the president is engaged something good is going to happen here. >> let's stay with the middle east situation there are so many things that play but the biggest issue is the palestinians. how do you move 2 million people, how to convince others in the region these other countries to take is not just 2,020,000 it is 2 million how does this realistically play out in your opinion it is true gaza for the most part is destroyed. >> my trip to the middle east i talked to leaders in the middle east arab leaders want peace and they don't like what iran is doing and what houthis are doing
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or has a lot or hamas they know this has to change. i don't know exactly what the plan will be steve wycoff gave us ideas of what could happen. we have to come together egypt jordan saudi arabia everybody's got a come together and say how do we solve this together. it's not just an israel problem is not just the united states problem we have iran that has to be dealt with. we have to come together where people hopefully the palestinians can live without hamas control in their lives in where that happens i don't know but that needs to happen. >> senator rick scott is always great to speak with you. cheryl: disappointing numbers in the first jobs report 2025 steve moore and home depot chrysler ceo bob nardelli are here to tell us what it means fo i'm thinking of updating my kitchen... ...thinking of redoing our kitchen. ...we are finally updating our kitchen. for all those people who never seem to get around to it... —...a breakfast nook. —chase has financial guidance. let's see how you can start saving... —really? —really?
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cheryl: the first jobs report at the year end the last one to the right in the administration, much weaker than expected only 143,000 jobs were added compared to the 170,000 that were expected in way down from the 307,000 revised number of jobs added in december. the unemployment rate ticked lower to 4% joining our former home depot and chrysler ceo bob nardelli and former trump campaign senior economic advisor steve moore. steve the final jobs report under bidenomics, your reaction. >> it is the end of an era and as a conservative i would say it's an end of an era that is not been very good for workers. this report. there was upward revisions from the previous month, the big issue are we going to change in composition of our employment
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and the future we talked about this month month after month you have a problem where so much of the employment under biden was government workers cheryl what we need to see under donald trump which i think we will is more private sector those are the workers that add value to the economy. >> i think you will we talked about this on "mornings with maria" and the fact that you got the last time that we will see the government worker number, we added 32000 government jobs for the month of january. the whole story is going to change beginning with the month of february as doge gets to work. >> there's no question from my perspective if you look at last year i think government ended the year the second-highest employer can you check if you look at 36, receive a dramatic cat as steve had rejected the
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number one number two if you look at the job creation and hospitality in hospitals and healthcare and retail 34000 a little bit of the rate hang in the government jobs come down the thing that shocked me when you look at the adjustment that you and steve talked about if that was the ceo he would be fired and that's running a company here we are coming out as a country how do we put up with these correct numbers that they talk about month after month and try to have accurate perspective for the fed to make the right kind of adjustments the average weight going up to 3580 again i think that's a big reflection on the union contracts 40, 50, dockworkers 60% what's going to happen a.i. is going to handle the white-collar jobs in u.s. unit
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in the workforce to offset those costs by using a.i. to get rid of white-collar jobs were going to see. you're right on what's going forward for you brought up the wage issues with the weaker wage number in the report that would've given the market more of a case for the fed to have an earlier rate cut but that did not happen, now we can look ahead to cpi there is growing concerns over the drive higher inflation of austin goals being thomas barking there worried it could be inflationary you first what you make of those austan goolsbee used to work for barack obama i want to point that out to her viewers. >> i'm not a big tear fan i'm a trump's supporter but it's not accurate to say trump's policies are inflationary, i think trump will bring inflation down.
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i think you will see a fairly big number on inflation because i'm looking at the commodity prices they continue to rise and i think we can see inflation of the 4% range which is a lot higher than the fed target which is why don't understand this talk about lowering interest rates he's going to increase the energy supply he's going to try to call this unnecessary spending all of these are extremely positive for economic growth and for reducing the rate of inflation. i don't see this as being a long-term problem i think will get back to the 2% target rate that the fed has set under trump. final word? >> let me give you personal perspective. when we have a senator set and to stand up and talk about his beer and his avocado might be a little bit inflationary in exchange for protecting the tariff as a father i've had to
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home invasions my daughter and my son and last night one door away home invasion we have a lawless society we must get a protected if tariffs help us do that i'm all for even if it cost more. cheryl: it's terrible i'm so sorry to hear that, bob nardelli i'm glad you and your family are safe. steve moore, thank you so much it was great to see both of you. james: the future of education in america inside th baby: liberty! mom: liberty mutual is all she talks about since we saved hundreds by bundling our home and auto insurance. baby: liberty! biberty: hey kid, it's pronounced "biberty." baby: liberty! biberty: biberty! baby: liberty! biberty: biberty! baby: liberty! biberty: bi-be-rty! baby: biberty!
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the size of the probative education if not abolished completely he wants to return the power of our education system and back to the states 70% of eighth graders are at a below proficient level in math and reading. 70% that's despite spending hundreds of billions of dollars on education every single year. >> the white house with the department of education giving and asked as they dismantle it, congressional democrats speaking out against this on friday demanding more from a meeting with the acting education secretary, watch this. >> it is fascinating that they are coming after public education because when you talk about private schools or vouchers in these spaces people get to choose which kind of student they are going to accept
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it is the public schools that parents get to decide where their children began to go. cheryl: joined me now nebraska congressman adrian smith, she is talking about children but the fact is in caroline levitt was going to the numbers, the fact is math scores reading scores have plummeted yet the federal spending per student has jumped in this is been going on for years were failing our kids the way the system is set up right now, how do we change this. >> we need to empower parents. across america every neighborhood we know our children are trapped in education system that are not delivering and we know there are great examples out there as well but we need to empower parents and for parents to make decisions in the best interest of the children and i think were
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on our way to doing that reducing the bureaucracy in education is very key because we need to ask yourself the question how has the local classroom teacher been helped with all the bureaucracy and we need to make sure the teachers can teach and ultimately parents can make decisions that are in the best interest of their children. cheryl: not to put a finer point of the teacher salaries are coming from the state and a lot of these are the way schools work in the state and local level. that's the rub against education department, yet cosponsored a bill is a student empowerment act that expands the use of 529 college savings plans what are the details in this proposal. >> similar to college savings this would apply to the expenses of k-12 education and sometimes that means a tutor off to the side that would enhance our
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public education but is up to the parents let the parents decide we have a lot of neighborhood schools around america certainly around my district that are very accessible and we want to make sure that parents always have the opportunity and the flexibility to make the decision in the best interest of the children. >> if you can get the kids to the college level that is the key and that's where the argument over the department of education is so critical at this time. president trump had a very lengthy meeting with house republican leaders on thursday pushed the budget bill forward but as we heard from senator scott in the program senate republicans are moving ahead with own two bills that bypasses and kids she kicks later on in the year you on the house ways and means committee what can you tell us about what's in the hospital right now and what you make of the move on the senate
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side. >> i am encouraged on the house side that we are seeing progress on a budget come together now we're looking at savings and some modest cuts overall but meaningful. i think the single bill is the best way to get the most given the number of votes in the closeness of the majority a two bill option i see that we get lester we will address the items that we will need to address. cheryl: we will still watch your work, thanks congressman adria (♪) (♪) 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.
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i've got to get marcus some new cleats i bet you can buy the whole team new cleats with all that money you saved. nancy dawson is passive progressive. you know, nancy, that's actually really inappr-- oh! nancy doesn't have progressive so she takes it out on those who do. you should get luca private coaching with that. maybe he'll score a goal. i figured you'd want the whole roll since you saved hundreds with progressive. how many tickets? two, please. don't be passive progressive. two for becky. drivers who switch could save hundreds. >> welcome back everything you need to know ahead of next week higher love in a higher price.
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valentine's day is around the corner in sweetheart across america are expected to spend $27.5 billion on the special ones. more than half of all shoppers planning to give candy wildflowers and greeting cards tied for second, 35% say they will take about one out for an evening and 22% plan on purchasing jewelry, between the gift categories americans are projected to layout $18.7 billion. don't forget to give love to maria on the fox news channel at 10:00 a.m. eastern live for "sunday morning futures" she has exclusive interviews with secretary of defense pete had chef and incoming u.s. abbasid or to israel mike huckabee and former u.s. ambassador to the united kingdom and jets owner woody johnson. that will do thank you so much for joining and have a great weekend. >> "barron's roundtable"
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