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maria: welcome back.

good thursday morning. thanks for joining us this morning i hope you're having a good morning. i am maria bartiromo, it is thursday, february 13, 8:01 east coast kick off with hot topic of the hour president trump public sector focus on negotiating peace between russia an ukraine after vowing you go to end the war as part of his campaign fox news digital political correspondent brooke singman with the very latest. >> that is right president trump says you russian president putin and ukrainian president zelenskyy want peace after separate phone calls trump, the phone call with putin want to top millions of deaths taking place in war with russia, ukraine we media to work closely together including each other's nation a prisoners swap between whos cow washington trump said could mean better relations between countries posted about phone call with zelenskyy wrote get like president putin wants to make peace,ed go bless the people of russia and

ukraine. trump getting more details on calls from oval office yesterday, watch. >> president putin said that wants it to end, doesn't want to end and go back to fighting six months later, we talked about the possibility i mentioned it of a ceasefire so we can stop killing i think we will probably end up some point getting a ceasefire not of a distant future. >> examine pz to meet with putin in future potentially saudi arabia on topic of ukraine gaining membership show nato trump said this. >> a i don't think it is practical, to have it personally i think long before president putin they said there is no way they would allow that that has been going on for many, many years they've been saying that a long time. that ukraine cannot go into nato. and i am okay with that. >> trump national security team will lead talks tomorrow at munich security conference including vice president j.d. vance, secretary of state marco rubio, defense secretary

pete hegseth, retired general keith kellogg you just spoke with. maria: absolutely thank you so much brook we are watching all of this amazing that now, in three weeks' time, president trump has done so much including effort to end the war! both wars, israel as well as and hamas as well as ukraine and russia. lee: i don't understand how people can't be excited, can't say this is phenomenal this is exciting such a -- i think a time to be proud when you look what is happening ending wars should be proud when you look at you know vice president showing up in france with a.i. conference now seeing you know our position on ai, talking about american leadership, american innovation, being unapologetic what and who we are just refreshing if you don't see that i don't understand it what do you want

us to be? >> democrats pushing back on everything top story in "the wall street journal" this morning, guys, trump writes a new playbook for quad mayors in gaza and ukraine saying that he is rewrigbook for soldiering intractable conflicts very exciting. >> i think trump is correct nonthat have been parked had been president is very good at deterrents, speak loud carry a big stick foreign policy strategy i think challenge for this administration, with russia, ukraine, is to end the war, secure a piece plan, but not invite, provocation there has been frozen convicts that get unfroze when russia decides to sir pot be aggressive, so, what trump is proposing i think is going to be massive sanctions on russia very important unleashing or energy

independence runner, ports handicapped therefore ability to fund war. maria: mark, israel and hamas agree to revolve the ceasefire president trump wants hostages home by saturday at noon looks coming back by saturday at noon. mark: respected feared what you get with president trump other world leaders ins, like he is -- he is a real deal, that they took advantage of us for the last four years, case we had a president who was asleep at the wheel you all mentioned a bunch of accomplishments so far only one three weeks in? let's add mexico and canada enforcing their side of the border that is another big victory amongst all the other executive orders that were signed. president trump is doing a great job, there is a reason that according to recent cbs poll 70% of the people polled includes a lot of democrats, believe is delivering on his campaign promises doing exactly what he said was going

to do. maria: i want to know if most hostages are dead because i mean -- they agreed to the resolve the did i tell putin threatened to derail ceasefire hostages expected to come home by saturday at noon mediators trying to speed up the release of the remaining six living houjs after israeli request we don't know how many hostages are still alive. >> i hope i hope more are alive than not. maria: block last saturday you had release of hostages looks completely emaciated, zufg what happened house holding first doge subcommittee hearing called the subcommittee hearing the war on waste to investigate improper payments fraudulently use of taxpayer money democrats turned hearing, however, into a circus attacked elon musk all day. >> was using propaganda machine to do it, when he said that we think millions of

dollars to doge for condoms that was a lie do not work for unelected billionaire like apparently this guy does. >> last congress chairwoman greene showed [bleep], in congressional hearing i thought i would bring one as well this of course, we know, is president elon musk, we know is leading a power grab, also abideed by and encouraged by donald trump. >> they want to look into your kids lunch money about helping elon musk donald trump be as efficient as possible, robbing our government. >> president trump reminds merges doj making cuts defending elon musk in work his team is doing. >> you look at the kind of waste fraud, abuse this country is going through we have to straighten it out you look at usaid when you look at -- uh -- the things that giving to them the billions the billions of dollars that

they are giving, and it doesn't make sense i want 20 commend elon, because has done a doesn't need this you know abused by people everyday, found more things and than anyone could find i think has credibility to do it i know does. >> ro you know, robert garcia democrat who made that off color whatever it was a joke about the picture of lop lop should be embarrassed, embarrassed himself ridiculous what are you 16 years old. mark: senseless, nobody is going to do that, so i certainly take issue with that, but i didn't see the guy's name congressman who said that elon and trump are robbing our government. our government has no money. they have no money, those are taxpayer dollars what doge is trying to do is ensure that those tax dollars are going to the appropriate places we all understand reasonable people if we have to pay tax that is fine. but we do deserve to know where those tax dollars are

going, and should be for causes that we support. maria: i love to see an investigation who is paid by china, would i love to see why it is, that over the last several years there has been absolutely no response to the bad behavior of china and why not? who is being paid by communist china in government i would like to know. caroline: so would i elon musk tweeted only one freaking out parasite class enriching themselves make no mistake somebody, upset because, they lose, something, american people only will gain from this i think demonizing elon musk specifically is crazy, you know unelected, bureaucrats aren't elected. maria: bureaucrats aren't elected kamala harris wasn't elected shoved harris in picture to be the opposite of trump. an fauci wasn't elected a lot of people making decision not elected so what does have to say about that quick break a

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dismantle. an hour 15 minutes before the open bell sounds for a thursday dow industrials right now indicating a deadline start of trading, nasdaq up 3, s&p down 5, very cautious trading agency we await president trump's announcement of reciprocal tariffs on europe, likely announcing day ahead of meeting with prime minister of india day threat of rattling markets boardrooms trump's pro-business pro fossil fuel

gaefrndz, million dollar investments in american as a result markets well take a look at numbers dow industrials up 4 and quarter % s&p up almost 3%, nasdaq up 1 3/4% joining me now kyle bass great to see you. thank you for being here, i want your take on investing around policies out of trump administration, what are your thoughts on these new tariffs to be announced today likely going to be, i know more than 25% i think. because is going to also, include the equivalent of the vat tax europe charges americans and others. >> pleasure to be here i think important tariffs are certainly a motive to participants economists same effect as deinvasionings reserve accumulations, china system any same net effect our

a deficit expand 17% with the world in 2024, trade deficit now running about almost a trillion dollars, so, when you look at broad brush movements with tariffs they are a great equalizer, trade deficit with china 3 hundred billion with europe 235 billion a year, what president trump is trying to do is level the playing field, all of the different subsidies, and taxes things that add into trade relationship between two countries all play tariffs i think are the great qualifylyzer xhchlths in the world that say going back to smoot-hawley 1930s a collapse in global tried or world economy i don't think they understand that it really helps normalize, the trade deficit relationship with at the largest trade deficit country in the world which is ours so i don't think having that large net effect on

consumers. >> i agree with you what about china? i think that chinese economy, and xi jinping, himself are a lot weaker than people understand, what do you think the impact will be on the 10% tariff on china could go higher? >> yeah. i -- i mean as you know,, maria, our trade relationship with china we import roughly 450 billion in goods services from china, they import about 145 billion from us our trade deficit there about 3 hundred billion, and so it is -- it is important to note, that their economy has been circling for two years if you look at china 10-year notes, government notes, trading around 1.6%, what the bond market doesn't lie bond market telling you china having a full financial crisis. >> right. that has to have implications across the world; right? >> a i know, i believe request

complications factored in, decline the net result of that decline has not effected globe too much it is mostly internal collapse, they still import 13 million barrels crude oil everyday import 8 1/2 lng, food everyday, imports have been inelastic has not affected the rest of the world bond market in china i want your take on u.s. yields back up after humphrey humphrey hawk incompetence test today the 10-year yield 4.6% up 10 basis points earlier what is behind this do you think how do you want to allocate capital around this? >> well, i know, i think the thing that the globe is focused on rightly so is if

you look at our budget for this year you are block what happened last year, you know we ran, probably a trillion seven deficit last year talking about enormous deficits, and i think, fwhiveng's doge on cost-cutting efficacy, and president trump's tariffs we can materially narrow that gap. and you know the difference is basically treasury issuance ie whatever deficit we run going to have to issue new treasury yield bonds for it i expect the yield curve to stay right now pretty flat 2 year, 10-year less than a percentage pointed apart, but i expect in the next call it 12 to 18 months you are going to see front end come down, i think you are going to see the 10-year stay where it is within this range so i think we're not on a cardiovascular -- pretty good for banks, pretty good for business. and, you know we're very

excited about unleashing capitalistic experience under the new president. maria: then there is ukraine president trump wants to negotiate peace between russia and ukraine said vladimir putin is open to the discussion watch. >> president putin said that wants it to end doesn't want to end it and then go back to fighting six months later. we talked about the possibility i mentioned it of ceasefire so we can stop the killing, i think we will probably end up some point getting a ceasefire in not too distant future. >> kyle trump spoke with putin and zelenskyy on phone directed national security team to begin discussions at munich security clearance tomorrow trump said likely will meet with putin potentially saudi arabia ukraine likely not joining nato not practical, but i wonder when you think about president trying to put avkt

on money sending ukraine, we've got veterans on street homeless, people are angry about it but if president can come up with this, idea, of reciprocity with rare minerals rich in ukraine, perhaps u.s. gets something for that money. your thoughts? >> you know, it would be nice if we could get something for all of our input hut, maria, the fact this security conference in munich i hope irony isn't lost on anyone last thing world wants another munich agreement of failed if you remember 1938 six months after entered into interestingly enough if you remember, it was claimler, lenín amuse lynni led last munich agreement placating invading hitler keeping him from supposedly from invading the rest they are going to give him the german speaking portions checkers call it even

parallels to munich conference this time, where we are trying to broker a peace agreement, between a madman, accused of war crimes, and a day democratic nation so -- i am hopeful that we come to an agreement the question is will putin violate putin lost we think 480,000 troops this year 900,000 military-aged men since conflict began putin is bleeding wouldn't have called north koreans if wasn't in real trouble hope stops we have to hold breath putin is a madman trying to put mother mush together may regroup invade again seem things you can't stop i believe some things out there today are unethical, thanks so much. >> thank you. >> all right. kyle bass joining us stay with

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maria: welcome back. countdown january producer price index out 3 1/2 expecting 3/10 of a percent year year increase 3.2%

markets rebellion co-founder pete najarian public finance columnist, ej, thank you so much for joining the conversation pete yesterday appeared that inflation was reaccelerating, we got hotter than expected your apgs for the ppi this morning. >> i would expect similarly something very similar to that i really do look at this as an opportunity to watch what we see, unfold in front of us. we got numbers yesterday from cpi has been sticky we've been stalking sticky inflation for awhile i think same thing that i with ppi interesting to see how it unfolding earnings season has been very, very strong,, maria, that is something i think that has been balance to that why markets have been able to hold up as well as they have we're sitting not too distantly from all-time highs incredible first month january has again great since president trump got into office, absolutely

has been working like that a fien to get market going, it issive to around cpi and ppi. maria: gains from corporations have been positive because of that pete, people expecting policies out of trump administration will be helpful toward earnings growth and growth overall in the economy. mark, you say that number yesterday was -- also, seasonal adjusted maybe wasn't as looked. mark: downward revision back half '24 this came in hotter, one of the biggest issues, shelter and in particular makes up 35% of cpi. and how become unaffordable we need to make housing affordable if you think why you you a halfing has been so unaffordable yes there is limited inventory yes, we need to built new affordable homes, but the mortgage rate is 7% on a 30-year mortgage, so

somebody making a million dollars a year they can buy a new house, the person making 80,000 dollars a year, has to get to the point where they can go and buy a 250,000 dollar house in a decent area with respectable schools. this is where we need to get to i mentioned during the break we've sent hundreds of billions of dollars to ukraine one example, you could have taken money like that you could have used that to buy down mortgage rates for people that qualify so you can make that affordable again. maria: that is -- obviously on of the witness headlight trump when first got to office one first executive order was more supply of homes on the market, ej. >> absolutely i think we need to remember that if you do artificially reduce interest rates you are going to see home price appreciation not good for home upper

affordability you need both lower prices realive to incomes but also relatively lower interest rates, let's not forget interest rate is a price it is the price to borrow money if you keep increasing demand for borrowed money what treasury has been doing you put upward fresh on yrts. maria: ppi cheryl casone with the latest. cheryl: yeah, so it is coming in moter than expected this report ppi month-over-month higher by .4% treat looking for .3,, 3.5% headline each and every each and every 3.5 looking for 3.2, a expectations core month-over-month actually came in line, core number did. .3%, but the core year-over-year came in hotter than expected. we also got jobless claims data less than expected 215,000 on initial, 1.85 million on continuing let me

get to the report for ppi tell you what government is saying, over one third of the january rise next services was traveling accommodations 5.6% auto retrailing truck transportation freight food economical retailing apparel things like that, it is also citing -- when it comes to goods, it is talking about, excuse me talking about energy, talking about boost in energy piece of this report, today. so again talking about energy, food, trade services, kind of three main sections of the report that government is citing as wells we saw increase in this inflation story back over to. >> you thanks very much, for that markets are fractionally moving dow up four points nasdaq up 15, your thoughts on this reaction, pete. >> well it is very muted right. i think we would probably gone into this expected if we get a number like this and hotter probably a bit of a reaction

like yesterday some selling off, we're not seeing that right now i think pretty interesting i think market have been able to digest this well has for awhile i think seeing earnings really do matter we talked about that all right. i think still really important you see the if a fact earnings up 16% looking at some numbers we've seen 79%, the markets are really clicking right now despite the fact we've got all of the headaches what is going on from inflation standpoint, that has slowed certainly that is something that powell has been addressing how that slowed and how going to push out when we get any cuts if any cuts this year. maria: i think markets will be moving more so on the tariff announcement later today, mark i know that we are focused so much on inflation, and obviously, it is not coming down to 2%. but anytime soon, but markets are muted, because we don't know what the president is

going to say later on tariffs. >> without a doubt tariffs important we've talked about what the total impact of tariffs could potentially be. you know our totally personal income as a country 25 trillion dollars a year. the total value of goods that we import, 3.3 trillion a 25% tariff on every good equates to a 3% tax on consumers that is it it is not great. but 3% tax maximum, president trump highest income tax level took that from 39.6 to 37 almost 3%, trump tax cuts can offset that. maria: we are looking at markets on mover right trading higher dow industrials up 61, nasdaq up 49. s&p 500 up 4 1/2, so we got a boost buying one hour before opening bell thanks, everybody

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policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. ga. r senate budget agreement green lighting two track reconciliation plan yesterday, the plan includes new spendsing for border security and defense while second bill will focus on extending trump's 2017 tax cuts house to having pass trump's agenda in one sweeping bill house budget committee to mark up new legislation today calling for minimum 1 1/2 trillion dollars spending cuts over decade maximum of 4.5 trillion dollars in tax cuts, it would decrease department limit by four trillion dollars including 3 hundred billion new border defense spending roger marshall great to see you thanks for being here. >> great to be with you as well maria: what is should we

understand about the senate version of these two bills, and what is your timing when do you expect to have first bill on president's desk to sign? >> right. i think if answer to your question needs to be the before march 14 funding deadline for government happens i look at yesterday in the budget committee we locked the door, to be able to fund president trump's campaign promises, so what we're going to do is prioritize finds to go secure the border, to improve the military, to unleash american energy and then bring fiscal sanity back to america so we are lowering the top line from 7 trillion dollars a year to spending down to 6.1, that should help bring interest rates down if you think about it federal government putting less money i think bringing interest rates zmun positive nothing over covid we had mandatory spend bigger and bigger with lots of spending, overdoing it, after covid, then somehow

putting in column of mandatory can you cut some of that quote up quarter mandatory spending? . >> absolutely, and that is the plan i think the budget committee spent last actually six weeks trying to figure out what the good top line number we came up with 6.1 trillion, from 7 to 6.1 no i spending to authorizing committees figure out where we can trim and cut live within that. maria: president people ins his team on the ground newly confirmed director national intelligence tulsi gabbard confirmed, sworn are in at the white house yesterday the president swaek speaking at swearing-in ceremony. >> watch. >> we are delighted to swear in next director of intelligence tulsi gabbard, fantastic woman i want to congratulate you tulsi gabbard american extraordinary courage exceptional patriotism devoted entire life to public service

i watched her for years different shows and everything said, she is a woman of great common sense. >> senate expected to one term robert f. kennedy, jr., 10:30 a.m. we will vote on bobby i expect him through party lines democrats hung up amazing to me if bobby had been nominated by joe biden, would have been called a brilliant move, but since it is donald trump that nominates him all of a sudden he is a vulcan or something i can looking forward to working with bob bobby we are going to make america healthy 60% americans have a chronic disease we need to figure out why from newsal standpoint to decrease environmental toxins food additives, i look forward to votes it is. maria: you are a doctor seen this play out in real time,

the fact that it is incredibly critical to get ahead disease, my ob practical over 25 years sawtype twob diabetes sploet a determinant mo billity mortality i have been fighting this 25 years now unfortunately 40% youth are died of diabetes or moreed byly obese a problem face it fix it. >> so happy to hear you say that the democrats are fighting everything, they are trying to stop trump and, of course, also fighting this department of government efficiency working on cost-cutting measures canceled over 58 criminologists interviewing untilled gender x initial at sdz administration middle agriculture california on diversity, communications, what is going on i know you

are a founding member of doge caucus in the senate i want your take how all this got through in terms of all more than on diversity transgenderism even social security administration. >> i think a lack of transparency this is the swamp that usaid refused to show tell us what they are doing won't let is look at itemized spending same with military cast stones all different directions but i think huge opportunity here, last year the federal government sent out 250 billion dollars of improper payments that is what government accounting office told us 250 billion inspector general's mid all that? i think that is one of the problems yesterday i saw president trump let some of those inspector generals go that we don't had been foxes in the henhouse congress needs together behind and clean up

the mess we have a job as well here. maria: incredible that you know this is happening now, i mean there is so much waste, were you aware how much waste there was? how much do you think president trump elon musk with their work can actually raise or cancel out out of wasteful spending. >> spending 7 trillion dollars a year taking in five spending seven my goal to find a trillion dollars waste then we trim our budget back a trillion then get to a balanced budget, then interest rates come down, helps housing problem you all were just talking about. of course i mentioned presidents executive order on housing one of the first that did, give your suspense your priorities right now once at the cabinet is confirmed, are you all just focused on executing that agenda, and do you expect the end of the day those two tracks as opposed to what house is working on, in

one big bill. >> yeah, my priority is prosperity security, that is what the president ran on, let's make america safe prosperous make them prosperous rolling back regulations fighting inflation lowering -- healthcare big driver of inflation should come back talk about as well those are priorities urgent care whether one or three bills march 1 president trump will look is house make significant progress on preerts if one big, beautiful bill they get there super probably absorb what we are doing if not two or three pilots of apple at the end of the day failure not option if we don't expend tax cuts american family in 1,000 dollars a month tax increases failure is not an option. maria: sounds very positive. yet your colleagues on the left are complaining everyday about it. >> well, let them complain, i

just say their loss they don't toe where they are, yesterday, if were -- democrats would be crying uncle they are just lost, lost confidence we s sxut the simple man thank you wall street, fox exchanges move down to texas lauren simonetti with details. >> exchanges sorting new york into chicago long in dallas, texas might be home to three exchanges soon coming up right after this. >> beautiful people ♪ ♪ , ♪ .

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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. maria: welcome back. from wall street to you y'all street new york stock exchange recorporation of chicago branch in texas, as more companies look to settle in lone star state "fox business"

lauren simonetti with more. >> howdy, time to short chicago long texas. >> texas are ready has become home of the capital in the united states of america. ceos make business decisions for the companies every single day, have ranked texas as the number one state in which to do business, for 20 years in a rowe. >> i connick new york stock exchange relocating chicago branch new site for digital trading in north texas another stock exchange texas stock exchange plans to start trading next year welcomes new players telling us quote mission of the texas stock exchange to bring competition back to the markets we look forward to incrementing dallas as one financial capital of the world 37 many companies call texas home exxonmobil at&t american airlines, more

since covid many large comers oracle tesla relocated to texas ditching high tabs states illinois california, new york. >> we have a zero income tax. and new york it is over 10%, new york city even higher than that. we also have a light regulatory you can build stuff in texas very difficult to do in states like new york. >> if money goes where welcomed since 2019 texas created over 121,000 financial services jobs, new york the home of wall street, created just 17,000 in that time. put it this way if texas were a country would it be the 8th largest economy in the world meaning bigger than russia canada, italy. maria: that is right, we've

had rob holmes talking about the move to texas, maybe that is what got the new york stock exchange to change from chicago to texas. >> all about competition nasdaq even has office in texas too. so we are talking about three major exchanges looking at texas saying this is where we want to be because governor abbott has low taxes fewer regulations lower cost doing business compliance costs operational costs think of start-ups up there unicorns mys not want a expense going public but if cheaper, in texas, and if tech companies are making the energy source for data center a win-win. maria: like i say money mobile will go where treated best. mark: to lauren's facts i mean texas is home to 52 of forion 500 companies

continuing to reallocating to texas the value of the people in texas have not been aligned with the values of the current exchanges really shove esg down your athlete corporate governance not having issues in texas in addition to the low tax environment. maria: not just businesses moving to texas people are moving the% because more attractive. >> yes, in florida my home state both those sunbelt generally experience a boom because hospitable politically ideologically financially i hopes if you live in new york time in the sun no pun intended like new york popularity. >> a short break you are watching morning "mornings on "fox " we'll be right back.

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maria: welcome back. 30 minutes before the opening bell sounds, check markets here. we've got a rally underway, dow industrials up 96, nasdaq up 700, s&p 500 up 911 is even with a slightly -- 11 even with a slightly hotter than expected producer price index. >> the bernie sanders' of the world love to bring attention to these rich oligarchs who are running the country. what we should be looking at instead, which doge is doing, is all of these members of congress who have been making 2000 grand their whole lives that have net worth of $50 million -- march.

maria: how did that happen. >> no idea. we will find out. maria: yeah. i'd like to see president trump go under the hood on that one. final thoughts. >> the lights are back on in the white house. 24 hours a day, things are happening. so exciting to watch. maria: yeah. >> the one thing i'm watch watching is the phrase, common sense. common sense if government. the white house is using it, karoline leavitt's using it, the whole country is talking about. it's common sense in government -- maria: well, that's what president trump -- >> it's been lacking for is long, and i love hearing more about it. not only do i like hearing about it, i love seeing it. maria: you knoo se wants it? europe is gel ious of how effective trump can be. your thoughts. >> and yes. and i think it'll have a spillover effect to the rest of the world. doge, bottom line, is both popular, and it's effective and legitimate. maria: all right. great show, everybody. thank you so much. we'll see you again tomorrow. david asman in for stuart varney if right