maria: good wednesday

morning thank you for joining us i am maria bartiromo. it is wednesday, february 189. it its 8:00 a.m. on the east coast i hope you are having a good morning to kick off with hot topic of the hour doming setting sights on social security administration, investigating what president trump called massive fraud. "fox business" hillary vaughn live on capitol hill with the latest. >> good morning, social security has a dead people problem and doge is trying to fix it but this problem, is not new the social security inspector general in 2023 reported that they did not have a death date for 18.9 million people born before 1920 social security administration said almost none of 18 million dead people still alive data bases are

getting benefits not identified as dead means other on the grounds relying on ssa file could be make he go ronnous payments to people one agency that relies on social security death data is treasury the government acting office says in 2023 more than 175 billion dollars in improper payments made to people including, dead people, president trump says they are going to fix this. >> when i saw the social security numbers i said wow! , that is really something so we have, 100 years old, millions over 100 years old how many got paid were they getting paid, how many of them were getting paid social security because that is that is the case a massive fraud. . >> democrats aren't cheering changes think a federal

employees at doge might leak your information because they are in 20s. >> there were thousands of people and seniors came up to me just said point-blank, ron, what in hell is going on back there with social security? a if you have one of 22-year-olds mis handled somebody's social security information gets out, that is going to be the mother of all identity thefts. >>, maria, 38-year-old charles little so you know improperly illegal obtained thousands of tax returns including president trump,, maria. maria: unbelievable you are right, and the waste that they have identified, social security administration, is unreal thank you, hillary vaughn, president trump elon musk, spoke to fox news sean hannity last night playing out doge's plans to cut even more government waste despite all pushback from democrats, watch. >> -- functions of doge team to make sure the president

executive orders are carried out if obstruction is -- is fighting the will of the people preventing the president for implementing what people want, then with a we live in is a bureaucracy not a democracy, the other thing to try to get, a trillion dollars other of deficit, if we can if deficit is not under control america will go bankrupt. >> how much do you believe elon you identified in waste, fraud abuse corruption now how much do you accept. >> 1%. >> because, it is so massive it is this is huge money, so -- >> 1%. >> just got, as good as they are they're not going to find a contract crooked as hell, this is going to be so much that is in fact but what is fact i think going to find a trillion dollars. >> i think so -- >> i think small percentage

compared to what it is. >> ed's news was crazy, all the -- you know tens of thousands people who are getting social security checks who are you know 100 years old to 150 years old the oldest in america is 114 years old. >> god blessing them. maria: ed go bless her. >> i have a warning this could be a third rail social security is an issue that really does drive voters a lot of other items talking about are absurd silly, volcano, surgeries uganda americans do care about they have to frame this for what it is. eliminating people 130 years old is saving social security, for grandma your generation in the future how social security is preserved for next generation not as democrats are going to frame it as a way to, you know, threaten, existing seniors social security checks. maria: i thought elon and

president trump, communicated that well last night, sean hannity did a great job in that interview, it was interesting to see, this sort of roams between them i thought best part of it when just talking with each other, like you can see friends. >>. >> very human, it was so unstaged so natural, and no tell prompter refreshing i love what is happening in washington probably people on the other side absolutely despise me for saying it fine, bring it on. >>. brianna: elon musk no less elected than thousands federal employees sucking us dry they were quiet china breached data stolen information from americans should be focus they just know they can use this for political gain. >> a joe given if think a your

résumé background in new york thoughts on eric adams facing a federal judge on dropping the charges, against him. joe: i don't think what happens today is threat to eric adams i think what happens tomorrow next day how this leaves the race you know framed from his perspective whether for him i think questions get answered next month big variable whether andrew cuomo enters the race big bad wolf might change. >> dwiemz can kathy hochul. >> i don't think mechanism there he is not -- in physical disability right now the other method that they have to bring charges his charges getting dropped, he is not he is in better legal shape today than two weeks ago i don't think a method --. >> if she takes him out will face andrew accumulate -- . >> people go back to politics don't want her. maria: we are getting started this hour, we are going to slip in short break you are watching "mornings with maria"

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maria: welcome back. a top dwi.c prosecutor reportedly stepping down over an to do investigate epa funding proved by biden administration, u.s. attorney general claims the probe is premature, epa administrator lee zeldin joined me yesterday on this programming, details why 20 billion dollars rushed out by biden needs to be investigated. >> a couple murps ago where a video came out of a biden epa political appointee talking how they were throwing gold bars off the titanic rushing to get billions out the door, before inauguration day i finally got hands on financial agreements between treasury and bank account control amounts amended account control agreements general counsel reviews tightening of this stuff is wild. it was done in a race to get 20 billion dollars out the

door, before inauguration day, and it is in writing built to ensure that government would have as little accountability over money as possible. maria: joining me west virginia senator, chairing the senate environment public works committee senator your reaction to what you heard from lee zeldin. >> i agree, in wholeheartedly with administrator zeldin we need accountability not just 20 billion pulled back from one i highlighted giving 50 million dollars, in name of environment justice to basically an organization anti-american pro-palestinian, i believe the administrator that we should have, the department of justice look into this, let's see who is on organizations, who is on the border where is money going thousand can they factor it in a bank so it can be totally opaque, you can't find it not like it is epa they did not want to have the administration this administration, be able to claw those dollars back use it

for something that is really going to help american people. maria: i mean so crazy to see you how they were rushing money out the door, and all of this fraud and waste that is being identified now by doge, what was this administration doing in the last four years? >> well, the ira had all kinds of money, in the environmental space other spaces huge politic grants, there was hard to get out because it is so large but, also, there was no accountability by igs and others i support doge moving in, and trying to find waste, fraud and abuse also money i think find this in department of transportation other engineers i have jurisdictions over rushing money out at the end as a matter of fact should make taxpayers upset you

mentioned the inflation reduction act criticized to being a boondoggle for climate change spending. >> this is a what it is any time you push that much 20 billion not 20 million or 20,000, billion dollars out, you are going to have waste, fraud abuse, and so i think the doge as many pursue it quickly. >> president trump's cabinet platform complete how do you how do you confirmed as commerce secretary last night 51 to 450 senate vote will oversee tariff plans as trump threatens tariffs on autos 134ukz pharmaceuticals watch this. >> if you decided specifically what auto tariff range should be. >> yeah probably we will tell you that on april 2, but it will be in neighborhood of 25%. >> ho -- pharmaceutical. >> it will be 25 percent hire very strongly higher over the course of the year, but we want to give them time to come in, because as you no can when they come into the united states they have plant or factory here, there is no

tariff. >> senator, you are on commerce committee right what do you want to see from howard lutnick as secretary being. >> i am pleased new cabinet second i think will do a wonderful job. he is i think very pro tariff in terms of targeted tariffs you can see what president is saying there target heavily on pharmaceuticals, automobiled where trade imbalance i think is very stark. and i think that is what you will see, when new cabinet secretary do do i believe that they are giving space and time as with canada and members, to come in, and negotiate try to find a better way forward, so that our american workers our american products not disadvanced i have a toyota factory wonderful 2000 people in my state, and so i want to make sure, that whatever we're doingon i am going to protect 2000 workers in west virginia hopefully, increase them as

more manufacturing comes home. maria: are you expecting kash patel to be confirm? >> absolutely. yes, i think that will happen thursday. maria: i want your take, senator, on the -- budget resolution you are working on reconciliation package coincides with house one big bill senate doing in two tracks, there is a post that i want to read to you from viewer says, here we go again, john thune lindsey graham pushing a bill through senate that includes 48 billion dollars for ukraine. the house can delete it but if they don't needs to be vetoed. >> well, i think that the focus of first of all i don't think that has been any indications that i have that there is any money for ukraine but, also, the bills have not been written this is simply a large budget 150 billion to defends 150 billion to border desperately need then, unleashes american energy so i

think that is a premature post and inaccurate working together house and senate would be great with one big, beautiful bill but let's move forward show american people not only thinking about it but we are going to do it do it together i think the track we are on going to be considering that smaller first bill, this the end of this week, and then we will move to the committee to figure out the how to spend where to spend. >> are you concerned at all that you won't get to the tax extensions given the fact that focus is on the border and defense spending now? >> have well, let me add to last comment not just then but, also, cut -- and reduce spending so i want to make sure folks know that is part of this as well, no i am not concerned won't get to taxes they expire the end of the year a lot of us like me voted for this 2017 i intend to do it again senator great to see you this morning thanks so much. >> on capitol hill

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semiconductors. >> blizzards auction housing navigates mortgage rates concerns other tariffs gerri with that angle. >> that is right home mortgage rates and concerns about

tariffs pushing the builders sentiment, homebuyers not upbeat the mortgage application plummeting get this 6.6%, we are minutes away from two other key signals of the housing market, building permits housing starts, expected similarly negative among concerns impact of proposed 25% tariffs on importing steel, aluminum to take effect in march, national association homebuilders say tariffs they say are totally counter to this goal, by raising home billowing costs fund-raising efforts to rebuild in wake of natural disasters ultimately consumers pay for tariffs in the form of higher home prices, not just the owner aluminum prices has

concerns, 32% appliances 30% software lumber originate volunteers could be object as well, demand from consumers caused by higher mortgage rates 7%, they are just below 7% the payment is evident more than a quarter cutting prices on housing since february, 59% used sales incentives to get people to buy so if you are a buyer, you are in good shape, but if you are a billoweder a tough market. maria: thanks very much gerri willis joining us with more on that nancy tengler thank you for being here. >> i think there is a couple crosswinds we have l.a. fires slowed interest in home-buying mortgage rates elevated based on recent history i think

talked about this last time on, 12% somehow made it work that is going on a fed said we are going to target, the fed we're going to target 10-year remember the fed has cut a hundred base points if a way to cause fed to stop letting mortgage securities you on off balance sheet may not help housing starts but if we see increased demand will work out. maria: yield on 10 year 4.57% up two basis points as we with await january housing starts building permits out five minutes economists expecting decoastline 7.8% for new homes, one-half percent decline for future construction a market mover?

adam: longer term the real issue a shortage of how big, function of population growth, as you and nancy talked about unaffordability, one first executive order to create more housing more supply. adam: right that is right, so, that for me mitch longer term issue i think ultimately, because getting to the breaking point that inss good for builders there is demand for what their building. maria: nancy knowing what you know about macrostory would you put new money to work in stocks right here? >> yeah. we are putting new money to work i think, you know we had rotational sort pullback if technology allowed us to add to some names nvidia, that we think will continue to benefit you just look at hyper scaleers collectively spelling 360 billion dollars, in capex this year, they don't do that

thus o they don't expect demand, you do that -- we don't spend until we see demand, so, i think, this is a good time for investors to pick away at some names, simply because we are in early days, of the ai driven productivity economic growth. maria: great to see you getting those house of member imminently we will see you soon stay with us. we'll be right back. with economic data of the morning. when i started walton goggins goggle glasses, i had no idea what i was doing. but godaddy airo does. using ai to build a logo, website and social content.

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enabling the world's engines to run cleaner and perform stronger. westport fuel systems. >> welcome back january housing starts building permits crossing the tape cheryl casone. cheryl: starts went down more than expected, down 9.8%, 1.366 million, and permits, that came in 1.483 million that is a gain .12% looking

for that to be a lower number but, again, starts, 1.366 million, that is a little bit of a loss, a lot of things gerri was talking about play into the story with housing back to you. maria: thanks so much, cheryl, hamas says it will release the last six living israeli hostages in phase one of ceasefire deal four more murdereded hostages expected back in israel tomorrow could conclude the bibas family, taken during the attacks israel not confirmed deaths yet, negotiations for phase two ceasefire deal beginning this week hamas would reefs dozens more in exchange for lasting ceasefire withdrawal of israeli troops joining me now ua encowboy for hostages adam, thanks very much for ail efforts, you've done an incredible job, give your reaction, to where we are right now, in the hostage release and hamas israeli

standoff. >> well we -- the deal that we did but i will say i think making progress i want to see those you hostages out, we are gonna have to feel pain, the pain of those hostages of those children that are not alive we're one days where we should be i think allege acceleration we are hoping to get all phases done, pretty soon. maria: i mean, there is obviously, no equivalency here hostages being released we don't know how many murdered, the bibas family incredibly are heart-broken the release of palestinian prisoners individuals committed series crimes against the world in terms of terrorism. >> i think when you look at the ratios they are completely

ridiculous. maria: exactly. >> you are letting innocent families out giving 2003,00 a ridiculous, ratio i can tell you we would not about do ratios like that in the united states but that is what they chose we support the israelis to get them the end of all this, i am not sure what happens, i think will israelis are very good remembering the past. maria: we will see if they can be successful, in ensuring hamas does not have any governance whatever in gaza, is that realistic? >> i think might have to have a little something, what they're saying now but question when i think about this, over what time, you can say you mayor of town if you slip, fall, then you are not mayor, and so, i think that some of these doing things happen later on you've got to realizes you are part of a terrorist organization, and so, in my mind, no matter what

they do, that party is over might be over in a year, five years ago. maria: let me move to russia, russia releasing american citizen for driving smuggles, arrested in moscow february 7 after, can business alley found in luggage at u.s. embassy in moscow waiting a flight memo follows release of marc fogel last week, fogel wrongfully detained for possessing medical marijuana at russian aircraft in 2021 sentenced to 14 years in preside i know you were president trump's chief hostage envoy for marc fogel case how did that go down in can you tell us more about it? >> yeah. i -- i mean we had over -- i got to say waiting him walking waiting for them walking up those steps was secretary of state and national security adviser, you had steve witkoff

the top it kas raining pictureesque, great whenever sigh a hostage first time they come to united states, kissed the ground they are is to happy to be here, i know you feel your country really well, you are very proud. maria: are a i don't know if you saw my interview with bill broadr but was very upset about vladimir putin, of course, vladimir putin, tried to kill him tried to take him down, murdered his lawyer, told us story earlier, he is unnerved by the conversation happening right now with regard to president trump ploernl meeting vladimir putin the end of the month, an saying perhaps should be new leadership in ukraine what does a deal-like look like to in fact president trump is able to lead discussions, to end the war in ukraine, does that -- almost guarantee that ukraine will have to give up territory? >> ukraine from before i mean

taken some, occupied them for awhile, so i think in order for putin to get be a wants save face for country all war is going to have to get some territory. >> do you believe we will in fact have this deal to have 50% all revenues from resource extraction lists from united states from resource extractions from ukraine. >> i think possible, i think united states, has a lot of pressure on some of those, might be. >> good to see you appreciate your efforts thanks for being here. >> thanks. >> quick break back with former l.a. mayoral candidate real estate developer rick caruso don't miss it you are watching "mornings with maria" live on "fox

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official facing criticism over rons to los angeles county wildfires "the wall street journal" reporting residents demand answers in areas like the pacific palisades, hydrants out of water leaving firefighters unable to combat flames, strike rl environmental policies pro decking delta smelt fish hindering firefighters ability to gain access to water former los angeles maifrl candidate real estate developer ric uso ric to have you thanks for joining us. thank you good to see you. >> assess where we are now, in terms of the -- the wildfires and the impact on the community. and we also love to know how it is possible that your outdoor malls palisades vigil survive worst of fires as so many other properties around you were caught in the middle of it. >> sure. so what is happening now we are into six weeks since the fire, in my assessment i think

moment of, not enough is happening. there has been some work by epa but we need to get things sped up moving along, get people back in homes a lot of people started bullying again a fund-raising, economic impact is huge you've got an area of 2 1/2 times the size of manhattan, that has been devastated, when i say "e devastated" looks like carpet bombed, so harvest breaking to see when you see it in person, it is tough to get your head around. and, i am frustrated that more hasn't been done but optimistic that more will be done we are going to be a big part of that any way we can to push it along, along with many others here. in terms of our project this is an area, palisades that is fire prone we have 40 years brush that people have been raising hell about a long time noting managed properly behind

a residential area built with non combustible materials a a relationship response team got warnings of quote/unquote catastrophic winds, are the plan goes into place we have retardant trucks to put retardant once a fire started, we had our water trucks there that to hose the place down, we had private firefighters working alongside l.a. fire department, jointly to save not only our property but many of the buildings homes around us. we just did the right thing because we were prepared, frankly had the city been prepared, anywhere close to this i really believe most of this could have been prevented or most palisades with altadena could have been saved, you have a mayor out of town, i don't know what she did beforehand to make sure she was prepared but the warnings of the wind in town chose to leave town, you have water tanks empty main water

tanks supplies water to hydrants is empty i got word 10:30 at night day of the fire that he can have, that firemen have run other of water when i got call i couldn't believe it. maria: are the pictures really do not even tell the whole story, and i know, that bad policy came up, during your campaign, to run for mayor a lot of people are wondering had that race gone differently, perhaps this may not have happened. are you going to make another run at mayor? o or are you going to run for governor? >> i tell what you i am going to do right now next few months, i am going to be one hundred percent, 24-7 in nonprofit that i formed a lot of really smart people that are leaning in, to find solutions to get people back in their homes quickly, and safely. and that is what i am dedicated to time for a little bit i will address it a couple months down the road. but right now what i want to do is start the building

process and getting people in, this is personal, maria, as you know, as a family my daughter lost her home my son lost his home, so we also understand this from point of view of the sadness heartbreak people are feeling, about losing their homes losing a lot of dreams losing their community. >> so tell me about your nonprofit you launched steadfast l.a. to rebuild los angeles, where are you in this? are you -- including environmental concerns? >> so what we're dock this is roll up your sleeves issues what i tell everybody we are bending the curve bending the curve of time to expedite people moving back in we've got some smartest talented people we have people from disney imagineering, ahmanson parsons coming together there is an issue let's say, one that is very important, all

the power lines need to be underground the city sis reluctant to do that because of costs you don't want to rebuild infrastructure built 60 years ago you rebuild for next 100 years we are tackling in an effective way with a lot of urgencys so not holding anybody up doing the opposite letting people get back in their homes. maria: i -- i mean president incredible to me, california keeps pushing back, against trump's policies, i know gavin newsom is not as aggressive as was right after the election, but still okayed a fund to file suit against president trump policies, what is the feeling in los angeles? right now in terms of the people are they ready for change in terms of leadership? >> i tell you people want help

especially victims help from federal government i think we appreciated that the president came out here met with elected officials was in palisades, and from his point of overview as builder developer pushing elected officials move quicker he understands the issue i agree with james carville out there saying the democrats have to stop beating up on trump not a path forward to that i agree with that, everybody needs to work together, because the problem is so much bigger than politics right now. maria: i know you ran into jeffrey katzenberg you did not want to shake his hand led charge against you supporting karen bass. >> as to well, i try not to shake hands with anybody who -- criticizes my familyis dishonest donate do the right thing in life i said when he issues a public apology i will shake his hand i do believe in public for givenz the people need to step up do the right thing we've got let's see over

150,000 people now homeless because they lost homes, we've got tens, tens of thousands that lost jobs, i don't know about you i don't have any time for politics playing games, selling teslas anything else. maria: what do you want to say about insurance market the home insurance market is reeling after wildfires, the state no i forcing private insurance companies pay one-billion-dollar bailout into fair plan insurance pool for homeowners can't afford to get private coverage the insurance companies say leading to higher expenses higher costs for consumers, may push out more snoournz out of state state farm the pulled coverage from state what do people do in talking about high regulatory costs. >> this is one of the big issues has to get solved in order to rebuild have to get insurance without strurngs can't get contradiction alone

to rebuild the at the same time federal government has to come in solve this problem, and backstop the insurance losses, allow the insurance companies back in the business of issuing insurance at a reasonable price, so people can go, and build their home. maria: as you pursue this to having decide where you are going politically. kamala harris said to be exploring are whether or not to run for governor do you expect you are going to be up against kamala harris in a primary? >> what i expect to do next couple months working on this getting people back in their community. and you know whatever other people do, looking at governors races mayors races let them do it i focus on this what i care about like i said personal to me a community that we love as a family, a community with where my kids lost two homes i want to help, and i don't want to through lens of politics. maria: thanks very much for

joining us. >> thank you very much the all right. rick caruso joining us in los angeles. we'll be right back. ♪ , ♪ ♪ . . maria: this week on "mornings with maria" -- tomorrow, one way or the other one way or the other is here as america pop retrialerwall wholesale reveals will quarterly earnings, friday attorney general pam bondi says her top priority is keeping america safe. alabama attorney general steve marshall with me friday, so right here on "mornings with maria." .

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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 30 minutes before opening bell for a wednesday markets near lows of the morning dow industrials down 110 nasdaq down 2 the s&p lower by 11 points get to final thoughts from this all-star panel adam. adam: i love to talk about one of my favorite stocks that i am buying back supermicro smci i bought this last year in a month doubled money kept going, and suddenly it you

know all came crashing down, the short seller accused of company of financial wrongdoing ernst & young left, independent panel has exonerated the board and management the stock is now where is it this morning can we see 65.80, beautiful going yesterday up 17%, this is a company that asembls artificial intelligence platforms by nvidia marvel, wire them together cool them with new liquid cooling semmes trading 10 times earnings. >> fell 90% so that is why cheap i am excited i could go on but i won't. maria: you own nvidia. >> i own nvidia. >> not 10 times. adam: no, i am happy owning that supermicro a wonderful

company. brianna: senator lankford on earlier willing to negotiated our sovereignty that we've seen you don't to compromise on safety and security you could do a donald trump did brings back "remain in mexico" cancels, res kruk border we'll designates cartels terrorist organizations there is stuff can happen with real leadership should be to republicans people like joe biden had opportunity after opportunity sacrificed this opportune for political gain. maria: great points all longer. joe: i want a salute to doge doge, i think starting to see you know lot rubber off tires but some point the trump administration has to make a better nexus between what is happening at doge what is happening in regular american lives mention with refund check maybe people getting stuff like that to link back to where the sayings is going how going to affect american wallets going to affect

american debt i think that is next argument trump administration has to start making. >> yesterday president trump talked about, tariffs i'm wondering if he's going into specific sectors now. not necessarily just countries, but reciprocal tariffs on sectors coming from those countries. >> yeah. well, i think that's, ultimately, par more effective. because, remember -- and i think you agree with me on this -- the tariffs are a tool, a lever to get what you want through some sort of negotiation. maria: yeah. >> so if you can drill down and put a specific tariff on a specific product, then they come back and say, well, hang on, let's talk about this. now you're having a substantive conversation as opposed to speaking in generalities and saying, oh, you're not fair. maria: and you have an opportunity to protect those things that are national security-related like semiconductor chips. 90% of the semiconductor chips for advanced semis are made in

taiwan. and the president's trying to make the case, bring that manufacturing back to the united states. will it be successful? >> god willing. people need to understand, tariffs are meant to protect your own country, your own domestic goods. and people, i don't think the average person thinks of a semiconductor when they think of tariffs, but they do think about avocados. when you place tariffs on mexico, for example, you're encouraging domestic production of avocados in california, florida and hawaii. and democrats should be willing to work with republicans to unleash avocado independence in the united states by deregulating industries here. >> it's a little bit of an eye-opener with some of the biggest complaints on auto tariffs coming from what we consider american manufacturers because over time so much of their components have lifted to mexico and canada, they're the ones complaining. i think that was an eye-opener for a lot of americans who in their mind associate these brands with american manufacturing.

maria: what do you want to say, joe, about kathy hochul and her plans to potentially take out eric adams? >> it's not going to a happen. she's not willing to the take the political risk going into her own tough re-election whether it's a primary from congressman ritchie torres on the democratic side is, whether it's a general election side from mike lawler on the republican side, she doesn't have is the political capital to really withstand the fallout from alienating a large chunk of democratic base voters, and that's african-americans. we saw mayor with adams at some is of the black churches in the outer boroughs, he is still liked in many parts of the city. >> remember, eric adams a came out and said, hey, federal government, you can't keep dumping all these migrants. maria: that's right. >> we are putting migrants in our schools, ps-242 had to shut down -- maria: yeah. and as soon as he opens up his mouth about the border, charges are put against him -- >> what a coincidence. maria: great panel, everybody.

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