tv Mornings With Maria Bartiromo FOX Business February 14, 2025 8:00am-9:00am EST
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maria: good friday morning thank you for joining us this morning. i'm maria bartiromo friday, february 14, happy valentine's day it is 8:01 east coast we kick off with hot topic of the hour, president trump, signing an executive order for ridge tariffs targeting all countries that tax or limit market for american goods, brooke singman with the breakdown brooke. >> good morning that is right president trump signing a sweeping plan for us to look into implementing tariffs on all other countries, to even
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out what calls unfair trade relationships watch this. >> i have decided for purposes of fairness, that i will charge a reciprocal tariff meaning whatever countries charge united states of america, we will charge them. no more, no less. in other words, they charge us a tax or tariff, and we charge them the exact same tax or tariff. >> what do you think the range tariffs on annual basis. >> that is the most interesting question. i think it will be a staggering amount. it will be the exalternatively revenue service i call it. >> white house using tariffs for economic and forgery policy leverage bringing manufacturing to u.s. says they may called short term pain but will create jobs are, long-term fortune, india modi
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visiting the white house u.s. india agreeing to try to double bilateral trade to 500 billion dollars by 2030, trump nanldz move to reduce tariffs on imports will work to reduce the trade deficit, listen. >> the u.s., trade deficit with india almost a hundred billion dollars prime minister modi and i have agreed that we will begin negotiations to address the long-running disparities. it has been just about highest tariffed nation anywhere in the world very strong on tariffs, it is very hard to sell india because they have trade barriers very strong tariffs, and we are right now reciprocal nation we are going to if india or somebody else with low tariffs we are having whatever a india charges we charging them he will.
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tariffs are concerned. yeti to be seen moreover room for united states, to negotiate with its major trading partners, and see if this entire matter can be avoided entirely. >> yeah. i mentioned earlier when we spoke with the treasure secretary scott bessent, that the committee for responsible budget has come up with numbers, in terms of what the tariffs on china will bring, and i asked him about that here is what he said, about the tariffs situation what we should expect, come april here is the treasure sensation. >> do you have an estimate in terms of what you are looking at the revenue you would expect from tariffs. >> well, again,, maria, going to depend on our trading partners responses how quickly they do it. how much they -- they do it over time. . so but i can tell you, that these could be very, very substantial if they don't want
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to take their tariffs down, because we will match them the percent for percent dollar for dollar. maria: committee for responsible budget says president trump's tariffs include a 10% additional tariff on all imports from china, and they say that tariff will raise 20 billion dollars in revenue through the rest of this calendar year and 200 billion fiscal year 2035. do you agree with those numbers? >> that is just for the china tariff. >> right. >> that could be approximately right. i haven't seen compact numbers we are still working on those. >> michael reaction? michael: what really having here international reset on monitor policy and amazing, this here is a president who during election people said you know is not fit not going to be the kind of activist president -- look at this guy! not only in terms of policies but the way explains it could
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american people, look at the length of this is press conferences look at amount of specificity to conversation american the people have for the first time in many, many years the opportunity to see policy as it is being developed. maria: absolutely not just economic policy about it foreign policy cheryl. has middle east envoy talking with both sides russia-ukraine, israel, hamas there is no surprise no coincidence hostages started to be released just a few days before inauguration. cheryl: three more names today, maria, one thing i i think you mentioned that market, relief rally i was looking at a comment from national foreign tradedowns they represent like coca-cola, caterpillar, they said they are relieved they praised the president but also said what
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they wanted to do use the threat of tariffs, okay? the threat of a higher u.s. trade barrier force nations to open up markets instead of the tariffs permanent, that takes away the concern about the american consumer could suffer; right? >> i think talking about 200 countries -- back to modi i told you a 15.3% tariff, from india there is a worst one next highest russia, importing stuff from russia -- look at india victim thailand china biggest hit with ultimatum and if this goes through april april 1 with howard lutnick she with a we come up weapon. >> there are they are things president considering beyond just a tax or a tariff, as you
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know,. the europeans charge what is called a vat tax, president trump is going to work that into a potential tariff against eu, there is digital taxes as stephen miller told us on our technology companies losses against our technology companies the president mentioned airlines talking seeker by sector how american companies are treated overseas putting that into thinking what is going to charge in terms of a tariff. john: great to get a level-playing field for international trade, but, you know, right now there are some industries, that may be hurting because of potential tariffs. i can't help but notice that if you look at auto industry stocks my goodness they are down by more than 10%, since the tariff issue came to the forefront in the market, like january, another sector that
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is hurting, is the homebuilders, of course, with ushl manufacturing in the united states let's not forget we have imports we have a lot of -- when producing cars parts back-and-forth between canada united states united states and mexico. and if you start imposing a tariff on trade, with mexico and canada, this increases the cost of production. this could push auto prices higher. with homebuilders the home of lumber, steel, the price of steel has risento dramatically the past week, so, right at this point in time we have issues, that are hurting certain businesses. let's not you know forget about that. and let's also consider that as long as we have uncertainty surrounding what is going to become of tariffs, we are, perhaps,going to have left investment spending than otherwise in the united states, until issues are
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resolved. >> very good points a short break then come back. president trump calling for denuclearization attacks top mortuaries russia and china at munich security conference beginning today mo senator eric schmitt here in munich has reaction to that don't miss it. you are watching "mornings with maria" live on "fox business" stay with us. ♪ ♪ where ya headed? susan: where am i headed? am i just gonna take what the markets gives me? no. i can do some research. ya know, that's backed by j.p. morgan's leading strategists like us. when you want to invest with more confidence... the answer is j.p. morgan wealth management
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nato is built for the future maria: vice president j.d. vance at munich security conversation today set to meet with ukrainian president zelenskyy will sign agreement with united states presented by scott bessent i asked bessent in my exclusive this morning. >> a as the american people have a stake in the recovery of ukrainian economy, and we will get to the other side of this conflict u.s. the share in benefits having u.s. partnership capital and enenthennuity will act as accelerant next door to ukraine a success story poland has had second highest economic growth in the world since 1990s, after china, so
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why couldn't ukraine do that why should not american people share in that through their energy, and through enterprise we bring best practices in terms of privatization, in terms of modernization. >> u.s. will tap into ukraine's rare after minerals told "the wall street journal" u.s. considering sanctions on moscow to push vladimir putin into peace deal with ukraine also says u.s. troops in ukraine have not off the table bessent talked about all sanctions with me earlier on this program, today. >> it will depend on how we -- how president putin comes to the table. if we believe that taking the sanctions regime up to a maximum threshold level will help achieve negotiating leverage, and as you know, no
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one understands negotiating leverage better than president trump, so that will be his decision, and treasury will implement it. maria: president trump, calling on russia and china to cut defense spending and talks over denuclearization, joining me eric schmitt taking at the conference tomorrow, senator, good to see you, live in munich this morning, could you give us a preview what you want to say at the security conference? >> well i think it is really important time we are sort of in inflection point with president trump coming into office entering into a new age of manner realism, where this adventurism around the world misguided as foreign policy did credit youited we need to think about core national intellects of united states of america clearly protecting homeland pivot to go china
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chief to let not only economically but militarily sending a message directly to europeans they need to step up provide more directly on defense i think american taxpayers are tired of subsidizing social welfare programs in europe so far i think that message is delivered heard they need at the make sure they do that. i represent missouri united states of america i think that that again we need to have a more direct conversation with european allies telling them they need to step up provide for their own defense. maria: in terms of defense senator, i want your thoughts on president trump's thinking, because on the one hand you and colleagues have been working on increasing defense spending in coming reconciliation bill president trump also all about security, security, security of america talking iron dome iron dome something like it for america but at the same time saying when all of this is finished, layer on on the other side i want to do talks of denuclearization with china,
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and russia i want to lower defense spending. >> well, look. the truth is that our industrial guys o produce weapons we need for fight for future atrophy a long time part of the effort pete hegseth bringing to pentagon procurement to be more nimble our advancing over china we are innovators copy yes, sir, if we are not in innovating will lose that advantage last 10 years china increased defense spending alleviated 500%, by some accounts spend as much as we do, by the way, not spread across the world so i think we have to be prepared for this in future, again, why europe stepping up is really important, for example, if they spent what we spend right now, our nato allies that would free up about 300
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billion dollars, for us to do more things with we need savings of course in pentagon, but we also need weapons system for the future we can't lose this competition with china, 21st century defined by it i think europe neendz to understand our real priority doesn't mean, by the way, withdrawing from nato we are in a period of prioritizization here. maria: thank you. thank you for that analysis, because i think it is important, to recognize, at the overall goal from 30,000 feet as president is talking about, you know, cutting disinformation spending in half the president signed a new executive order to studied impact of world widely ridge tariffs to match other countries charges on imports your reaction to that i know you also have a bill, in place, to cut out dei. >> yeah, look. we've had this foreign policy apparatus usaid great example
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after cold war ended become ideologic crusades, sex change operations in guatemala ridiculous, exexposed permanent washington terrified of continuing to be exposed it should we should stop doing it we need make sure we allocating precious dollars to defend people of our country i think sometimes, some come here actual europeans what they want to hear i am here to tell the truth which is they head to to step up spend more redo the industrial base jo germany stands to benefit most from it if they take it seriously we need to focus our attention on defending the them landed in china, in that requires europe to do their part. >> all right. we will be watching your work senator, great to catch up with you while you are at munich security council thank you, sir. . >> thanks, maria,. >> senator eric schmitt in
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president trump signed a new executive with plans to impose worldwide reciprocal tariffs onus trading partners project it will create jobs in america the president also ordering federal agencies to study how to adjust u.s. tariff rates to match how other countries charge the united states on imports, i spoke with treasury secretary bessent earlier day on expected revenue u.s. could raise. >> do you have an estimate in terms of what you are looking at the kind of rrn you would expect from these tariffs. >> again,, maria, going to depend on our trading partners responses how quickly they do it, how much they do it over time. so but i can tell you, that the -- these could be very, very substantial if they don't want to take their tariffs down, because we will match them, the percent for percent, dollar for dollar. >> committee for responsible
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budget says president trump tariffs including 10% additional tariff or all imports from china say that tariff will raise 20 billion dollars in revenue through rest of this calendar year and 200 billion, fiscal year 2035. do you agree for snooubz just china tariff could be approximately right. i haven't seen the exact numbers we are still working on those. maria: joining me now crossmark chief market strategy victoria fernandez yesterday president signed that executive order stocks radically. >> i think market anticipating something more immediate going into place the fact there was a little bit of a wait now there is going to be a study on that secretary of commerce gave market a little bit of relief time to work things out it did not take long what maybe six hours for mexico, canada to say okay. we will work with you on some things.
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so, i think the market is saying, there is probably some opportunity here as well that is what he said before revenue generators met for tariffs to bring manufacturing back but, ultimately, negotiating tool i think what we are seeing at play. maria: very smart of president trump, to give these countries some room to make change to ensure that u.s. is treated fairly we will see what happens before april 1. i want to get your take on interest rates, they've come down from highs all the way up there 4.8% on ten year, now yield is sitting at about 4.5%, markets, apparently less worried about higher for longer rates following january hotter than expected nation report but u.s. consumer debt delinquency hit highest level almost five years last quarter 3.6% according to new york federal reserve household dent credit report arriving half a percent to record 18 trillion dollars, what does that tell
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you about macrostory victoria? how would you assess the macrostory we know fed in no rush to continue cutting rates this year are. >> it really comes down to why we're seeing move in rates we've seen it wasn't nation, it was driving the curve alternative year, 4.80 back down to, it is concern around growth that premium i think some elements you are talking about, we have consumers continuing to spend so people think that is great support for the economy. but we have seen savings rates fall to lowest in two years average mortgage payment up 112% so i think consumers struggle that is going to give us concern for growth going forward, i think part of the reason we are seeing yields lower. maria: victoria yields falling like rock january retail sales number crossing tape breaking news with cheryl
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casone get your reaction. cheryl: this is what her fear what is in numbers okay. so month-over-month, january retail sales down .9% that is much worse than what street was looking for. they're only looking for drop.1 they got .9, ex-autos down .4% consumer think it would go up .3, year-over-year, bigger you know story up 4.2%, then also core retail sales, down .will%. treat being, street thinking going up .3 a big surprise to markets, export import prices more in line whether we thought going to see, import prices month-over-month up .3% expectation was up 37b9 4 comports month-over-month up 1.3 looking for .3, exports part of a good number not helping though with markets,
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as you can see, the sell-off underway. maria: yeah. but also the lows right now i am wondering what the market is looking at here, because you've got a sharp decline in rel sales increase year-over-yearios down 100 now down 84. how do you read these numbers. >> i think people are going to kind of dive down in get into weeds say where spending is happening smeng down because prices are down that is different look than if they are just not spending at all. what that looks like. where they are spending, spending shifting to lower priced stores are we are losing some elements there -- higher income consumer is that the part coming down that has been supportive for so long, we have to look and see where they shake sought. overall it is telling you the consumer is slowing we have to be concerned how that slows through to earnings what that
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means for the the the labor market going forward the fed watching to see if they continue on hold or start maybe looking at cutting if we continue to have a weaker labor market. >> if you see consumer weakening a labor market weakening tough believe fed comes back talking up cuts we will see always a pleasure to see you. thank you so much stay with us a lying half an hour coming up right here we'll be right back.
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arrests, new york congresswoman alexandria ocasio-cortez is hosting a live webinar reviving illegal migrants in her district on how to avoid deportation, here is border czar tom homan on "the ingraham angle". >> i sent ememmail that is impeding our law enforcement efforts if so what are you doing about it is she crossing the line there is a problem of justice finding out where is that line they crossed so may be aoc is in trouble sanctuary city, we're coming going to do it for your if you don't want to make your community safer president trump is going to. >> a new york mayor eric adams vowing to reopen the shuddered ice office at rikers prison joining me house freedom caucus policy chairman chip roy congressman, great tough this morning, wow. a lot going on your reaction.
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>> yeah. good morning, maria, what is happening is what you would expect, tom homan is doing a fantastic job, as border czar, would say one of president trump's best picks of many very good ones great to see bobby confirmed and tulzi, tom running into problem recalcitrant jurisdictions like in dallas they seed support from congress, by the way, you provide more resources, more beds, more funding for ice for him to continue to do his job so president trump can honor commitment to movie repatriate so many migrants dumped into our country bib administration. >> what are the repercussions for someone actually aiding, abetting i will illegality? aor explaining to i will say how to get around all this right now is there repercussions for aiding abetting illegality underway. >> i have seen a exactly what
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aoc said i saw tom's reaction the interview about what he said, laura's show unlike abide misinformation did not give a crap about rule of lawful targeting average american citizen now a department of justice led by pam bondi, hopefully she, kash patel, head of fbi pursue truth, justice apply rule of law now department of justice can ask all questions that need to be asked before, they weren't focused on trying to protect americans, they weren't focused on putting america first now you have an attorney general will do that they will pursue the law where they need to most important thing right now, is to make sure, that president trump is able to accomplish his obs for tom to continues what he is doing work with mayor adams others say look. we are going to enforce the law by the way, greg abbott was quick yesterday, i met with governor about -- the governor quick to say mayor of dallas people city of dallas
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need to work with trump administration to enforce the law one of my guests inauguration,, maria, was, you remember her daughter unfortunately murdered by venezuelan gang last july those days are now over, god bless them to go what they i did to help make sure president trump got elected now make sure we get barriers out of the way so tom can do his job, that is why we passed a budget out of budget committee last night provides funding for ice, senate did that congress needs to back up the president. maria: yeah, backing up the president means proving what 150 billion for deportation border wall? >> make sure they've got funds yes for wall importantly for ice, agents need to do their job the beds right now they hit 41500 bed capacity they need more tom is saying that every day we need more to get folks funneling out move them congress needs to move quickly to get that stuff done out of
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committee last night tough negotiations hopefully can move across. >> thank you for negotiating look. you've got democrats crying foul, they are saying they are going to take to the treats to fight you all, 14 states filed a federal lawsuit against president trump and elon musk, challenging musk's role as chairman of the department of government efficiency claiming that about musk seemingly limitless unchecked power to eliminate departments with a stroke of a pen would have been shocking to those won independence doge has 100 staffers according to president trump with musk vowing to find one trillion dollars in cuts, your thoughts? >> all powers founder gave vested the executive the president, president has ability to go forward we are spending the way supposed to under lay efficiently effectively no requirement spend every dollar every moment has to deliver on agenda congress put forward
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appropriated, the president has the power to restrict use of funds, going to places not supposed to go, has power of impoundment, russ vought able to impound funds recivilizations a lot more power than the democrats want to acknowledge, they want to cry foul where were they joe biden unilaterally stick it to american with student loans joe biden refused to enforce law put out executive order old ice they couldn't do their job where allowing americans the die on streets? what president trump is doing what he is doing the right thing hold on we need to take this money back freeze spending review it elon work on behalf of the president they protest too much doing it in budget can he want to make elon villain elon is out there exposing all fraud we've been watching unfold in the
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government, that is wasting taxpayer money putting people in jeopardy. >> for sure, i mean about 75,000 federal employees have now accepted president trump's buyout detail allows workers to leave this month, but stay on federal payroll through end of september. the president also firing the pop watchdog for us aide martin after controversial agency spent billions of dollars, educating al-qaeda terrorist with ties to 9/11 hijackers just the start, martin's office published a report criticizing trump's call to freeze usaid funds, one day before his dismissal congressman look you've been among few voices saying stop spending i got elon musk finding all this waste how possible all this went through? >> well, first of all, let's look at what happened when federal judge, judge o'toole tried to stop what was going on there guess what that got put down, now, they can
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continue to move forward with deals remove bureaucrats a lot of activists smacking down when they move up hire, the president to go what he is supposed to do under the through the right way the reason this is rapping congress has been aslowly at the switch i put out a report two years ago, where i outlined dozens of bad programs including aide, an amendment to slash in half majority republicans voted against temperature. a new day in town president elon exposing it demonstrate doge, those fighting this on the right side, all republicans need to get onboard, and work together, in congress and administration, to support slashing waste 32,000 dollars, for a transgender comic book in peru! may not seem that much but when thousands it is absurd, makes people's heads
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exploded. >> we've been reading the liz incredible, the money, and how it has been spent let me get your reaction to this because i've got a report here on what you all are deciding on in your reconciliation package in the house, 2 1/2 trillion deficit fining for tax extensions, that doesn't sound like enough for tax cuts, two trillion dollars in aspirational cuts from medicaid snap program, spending increases having we know happening at dod, deportation on border where are you on this sir. >> we moved budget, through the budget committee last night, we actually have an upward ratchet so number on tax -- cuts can go higher, so that we can actually try to drive all what president trump wants to do making tcj, sperm tax on tips manufacturing in america that can go up, what we did though was tie to it importantly finding cuts necessary to reduces the government spending, perpetuating inflation tax on
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americans we did a good job doing that, behave, student loans, all the ev mandates green new deal subsidies lots of things to cut we can reform medicaid so everybody can maintain benefits but it can be more efficient. >> i like that, congressman great to see you this morning. thanks so much, for working through that even though i think you need a glass of watered congressman, good to see you as always sir. . >> thanks, maria. maria: we'll be right back. ♪ chocolate fundraiser. ♪ with the chase mobile app, things move a little more smoothly. ♪ deposit checks easily and send money quickly. [coins clinking] ♪ that's convenience from chase. make more of what's yours.
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. . maria: welcome back on this valentine's day, 2025, americans are set to spend a record amount of more than this valentine's day "fox business" kelly saberi live from a bakery in chicago with just how much they are willing to pay in the name of move, kelly. >> good morning, maria, we are at, chicago one of chicago's favorite bake release they are hard at work about to open doors to customers, you see beautiful i love you cookies the work it smells delicious in here suspenseing a record amount this valentine's day to front slippery, are be careful we are coming out here, they
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are actually doing heart-shaped this year expecting people to spend a record 27.5 billion dollars, this year that is on things like jewelry, chocolates all things, and people are also spending even more on coco the market price up 81% from last year baked goods not the only ingredient that is skyrocketing price of eggs up 56% according to u.s. bureau of labor statistics bakerees telling us never seen so many ingredients virtually every ingredient increase in dries like this not just eggs, coco, vanilla cove flowers take a listen. >> i do want everyone to once in a while we increase prices not just about raising the
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cost it is also about keeping the qualities the same. consumers think taking a hit i can asure you a have it-on both sides. doing best to keep prices as low for as long as i possibly can i want to do right by the consumer. >> roses are on average 90 dollars and 50 cents this year if you are in hawaii, of course, things are a little bit more expensive there but i point out what i mentioned before fwshgs that has admirers watching this is what i want this year. >> here, happy valentine's day happy valentine's day i love it many admirers on this program thank you so much kelly saberi, cheryl i want to
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know what everybody's favorite monthch is i think the other day doing cpi you said egg prices up a lot more than we just saw in that piece. cheryl: over 52%, yeah, but there is i mean it was 100 -- ppi yesterday the eggs for fresh use 186%, so model up 186% spending so much things more expensive. >> everything into baked goods so with egg prices my favorite i got reeses today i am -- on can you put a price on love? >> your such a romantic, i don't know what do you think john. >>. john: cheryl has it right as far as sweets are concerned rfk, jr., telling us cut back on sugar so you know what i
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said you do look at for possible valentine's day gift think of nice massage facial something like that i worn if that has gone up 50% from a year ago. >> great point i feel i love valentine's day sort of like allowance eat as much chocolate as you want i like that. >> i have an inflation tip for people, do the rose thing the day after valentine's day. maria: no. >> -- how do i do that? you will like this one, all right. quick break coming right back you are watching "mornings with maria" live on "fox business" on this valentine's day stay with us. . into an empower ira, and it's grown nicely. i'm for team splurge. (♪) thanks, grandpa! get good at money. so you can be a little bad. empower.
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maria: welcome back. 30 minutes before the opening bell sounds for a friday, valentine's day. markets are lower across the board. final thoughts, john lonski. >> my opinion right now is doge matters a lot more than tariffs as far as the the long-term performance of the u.s. economy goes. maria: yep. cheryl casone. >> happy valentine's day, maria. [laughter] maria: michael balboni. >> president trump continues to deliver with all the a cuts. great news. maria: all right. great show, everybody. thank you so much. michael, john, cheryl, have a great weekend. "varney & company" picks it up. ashley webster in for stu. take the it away. ashley: thank you. and good mni
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