>> give us you are really boring awesome investment idea. >> mine is called fastenal and makes fasteners. everyone's worried about the economy. but the stock is telling you something different is an early cycle industrial stars to do well and things are heating up. we see that with ism that picked up for two months in a row, now the stock has gained 5 - 10% this week, there is a lot of momentum behind it right now and if he keeps putting out orders like it did in february the stock can go a lot higher. jack: great ideas, perfect stocks for the boring exciting times. to read more checkout errands.com. from the fox studio new york city mrs. "maria bartiromo wall

street". maria: happy we can do all welcome to the program analyzes the week that was in position you for the week ahead. i am maria bartiromo high-stakes showdown in congress over a clean continuing resolution to fund the federal government all the way through september, democrats say the nonstarter with the shutdown deadline looming this upcoming week. house republicans one big beautiful bill facing headwinds. democrats are accusing republicans and making plans to cut medicaid any hearing on thursday the republican budget takes an ax to medicaid it will devastate children and families and people with disabilities. >> there is no way to cut hundreds of billions of dollars in federal medicaid funds without taking healthcare away from millions of americans. >> there willing to grip healthcare away from millions of

americans just to reword their billionaire donors. maria: joining be the chairman of the house budget committee texas congressman jodey arrington. thank you for joining us. >> great to be with you. >> where are we on this battle in terms of coming up with the necessary offset to allow the tax cuts to go through, fund the government. do you think we will see a shutdown this week. >> in terms of the shutdr the path for the bigger budget reconciliation bill that will advance the america first agenda that will be locking in the tax cuts, opening up domestic energy production, rolling back the barrage of regulation and bending the curve on mandatory spending that is driving us to the edge of a sovereign debt crisis. in addition it gives the monies

and tools for the president to secure the border and strengthen our military. the full enchilada of the american first agenda is wrapped in that resolution, the last thing we need to do is get sidetracked with a 25% of annual appropriation bill when we can lower spending simply by a clean cr by the end of the year and wrapping up the resolution in the senate getting the reconciliation bill to the president and be well on her way to a safer more prosperous america. maria: the resolution requires $2 trillion of spending cuts through 2034 and spending totally 86 trillion over that. what are you going to do is to trillion dollars all the savings you can come up with or are there other savings mechanisms that you can think give to cut

into the heavy debt. >> i have a tenure balance budget that my budget committee and i worked on for two years now that saves 14 trillion over ten years. as the budget chairman and the physical hawk i can always come up with more savings. but you're not going to dig out of this debt hole and one reconciliation bill we need a beautiful step forward to reignite growth into start bending the curve on spending and bring the deficit down in the debt to gdp. you have to start raining in the reckless out-of-control wasteful spending that is fraud in the federal government of ours it's in every program healthcare and welfare in primary driven by the mandatory spending programs which are 75% of the budget, 90% of the spending growth over ten years. maria: exactly that's why when you look at the amount of spending toward mandatory

programs you have to cut into the programs and i don't say that with happiness. i'm just wondering if there are areas around the mandatory things that can be cut. is there fat around the muscle? >> tremendous fat. if you implement a commonsense program integrity measure for medicaid for example to prevent people who are not legally eligible to receive the benefits and compromises sustainability over the long run. if you review the medicaid eligibility role not once but twice a year you save $160 billion let's go to the child tax credit they lose 30 cents on the dollar that is there improper payment rate that is waste fraud and abuse, last point the numbers that usa says were spending $150 billion per illegal immigrant that's $9000 per illegal immigrant, that is

more than we spend on the own u.s. citizens and vulnerable americans on medicaid more than we spend on veterans for their military retirement. yes there is a lot of ways to clean up the federal government and make sure that we steward the people's tax dollars and making sure the vulnerable people that are eligible are getting the benefit of the programs and not illegals. maria: that's a great point. i'm so glad you made that. scott bessent telling our own larry kudlow that congress needs to tax cut in budget bill. >> the closer we get the bill expiring the more that i would call uncertainty tax goes up because the longer that we wait the bigger the chance that the unthinkable could happen and we can have a catastrophic tax increase. maria: the house ways and means set to begin hashing out plans

to enact the tax agenda next week. what can you tell us in terms of when we can see that materialize giving the debt issues. >> the secretary is right, $400 billion if the tax cut in job act would expire it would be a 22% increase on average taxpayers, you would have 40 million families with a child tax credit cut in half and you would have 26 million small businesses not receive the 20% deduction and the highest rates and they would receive a tax hike, unacceptable. our families need relief small businesses need relief and we need to similar economic growth. tax cuts are centerpiece of the economic agenda. that's why the resolution which has the budget target needs to be adopted by the senate. we can hash out policy difference but this fiscal framework does everything to ignite the pro-growth pro work pro energy agenda of president

trump's giving the security resources and doesn't a fiscally responsible way. it brings the deficit and debt to gdp down. were urging her senate colleagues to execute on the resolution so we can get to the policies and get the reconciliation bill on the president's desk. >> of course bessent and others are saying the money we get from tariffs will offset the tax cut we saw a lot of developments and tariffs, president trump cited an amendment to the 25% tariffs on mexico and canada and 10% tariffs on canadian energy. allowing a one-month pause on any usmc compliant product until april 2. i spoke with president trump in an exclusive interview. this week and on "sunday morning futures". >> why did you roll back or put a pause into the tariffs until april 2. >> i wanted to help mexico and canada to a certain extent.

we are big, big country and they do a lot of our business with us. april 2 becomes reciprocal what they charge as we charge them. it's a big deal. >> mr. chairman it's a big deal but business executives tell me they need clarity they cannot operate with all of the back-and-forth 20% year, 25% there no were to take a break for one month they have to make expectations clear to analyst input cap ex numbers down. what are your thoughts on the tier situation. >> it is critical that we have an even and reciprocal trade relationship. it's hurting our economy and hurting manufacturers and producers. in the long run if we don't reset is going to be devastating. the president acknowledges disruption on the front end. we saw that in the first term but we got the largest purchase agreement from china on aggie

and energy. we gotta reset with five of the biggest markets so we were competing on an even playing field. and everybody one as a result. wages went up, manufacturing activity increased in our economy was growing, this is part of the america first agenda is not without disruption in these are the things you gotta do for the long-term and prosperity of america trump has the political courage to do and haven't seen among any political leader in my lifetime and i'm going to support him he was clear with the voters and i suspect they will go along to, they want the outcome and they trust him as i do. >> it takes courage absolutely right. it's great to see you, thank you so much. >> thank you. >> chairman jodey arrington. peter jobs added to the economy last month as the unemployment

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no matter what they're playing for. sofi. get your money right. ♪ ♪. maria: welcome back wall street whiplash. here's a look at where brackets into the trading week in march after president trump's broad tariffs on mexico and canada kicked in. then largely pause for a month. we also got a new read on the academy on friday with the jobs report showing 151,000 jobs added to the economy in the month of february that is fewer than the expectations of 160,000 jobs the unemployment rate takes higher revisions to december and january combined also showing 2000 fewer jobs created than previously reported joining us slight stone chief market strategist kenny polcari great to see you, thank you for joining us. what you make of it economy that appears to be slowing tariffs

coming at us, gdp expectations call for contraction in the first quarter if you listen to the atlanta federal reserve what do you think. >> i think it's all very interesting the gdp might be a little bit exaggerated i'm not convinced it's going to be as negative as they say. we see a slowing economy and that's probably a good thing we have to come off the dole, the government supporting the government spending that's very intentional that will cause a slowdown and that i think all the concern over the geopolitical issues tariffs were the war or hamas. all of the issues are coming together and concerning investors. rightly so now were at a point where investors accentuating all the negatives and eliminating anything that is positive in this conversation which is what is causing orchids to come under pressure and we seen that we have three of the index while under correction territory the

nasdaq, transportation of russell, the s&p sitting on the trend line tested at the 200 a trendline it tested a couple of times, now we will see if a hold on the third test we will see how that goes. >> your largely bullish i think do you want to use a selloff as an opportunity to get back into the market to add to your position or take to the sidelines until we have more clarity? >> i've never been out of is not a matter of getting back in we've always been into it whether my money or money were advising for clients. as a matter of finding the right time to put more money to work. we expected the pullback it expected the pullback a little bit more i would be surprised if we saw the tray down below the trigger date trendline and potentially take us 25600. therefore i think were being patient. starting to get really dislocated, it's absolutely an

opportunity to add to the positions you don't necessarily want to chase them but you don't have to when they're done 26 or 28% or even more tesla is now more than 40% some of the stocks are in ranges for a long-term investor with that you absolutely want to put more money into but we've seen the volatility the last couple of days were just watching it for a little bit but have our shopping list ready and ready to go. maria: that's a good way to put it there's wild swings in the market stocks were reacted to a slew of tariff developments on mexican and canadian products, the nasdaq as you mentioned now and correction territory but commerce secretary howard butner says this will ultimately be good news for investors. watch this. >> interest rates will come splashing down energy costs bashing down the tariffs are going to create an amazing production in america will see the american stock market explode. >> in the meantime we'll have a lot of clarity around the tariffs what you make of this do

you want to look at certain sectors that perhaps are not in the middle of the storm like auto or capitalize on the groups that make it terrorist. >> i think he is right i am in the camp that he is right that they shall pass but it's going to be volatile when we go through it. that doesn't mean it's awkward to create opportunities. at the moment i'm tending to play defensive in the little more defensive just until we see more clarity. so we continue to put new money into consumer staples value names and growth at a reasonable price but not necessarily aiming at those companies or those sectors right now that are coming under fire just because we don't know ultimately what it's going to look like. in the end it'll be a positive thing but i'm happy to sit back and let it play out. maria: we will leave it there, thank you kenny polcari degree new scam billions in taxpayer

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maria: welcome back the justice department investigating billions of taxpayer dollars reportedly brushed environmental groups before biden left office. several of the groups had ties to obama and biden officials the new york post is reporting that 375 billion-dollar epa/fund managed by democrat political consultant john podesta handed out billions of dollars to environmental groups founded only a few months before the epa administrator lee zeldin wants the money to return to the federal government and he joins us right now. great to see you.

can you tell us what wet down here? >> a rush job to get out tens of billions of dollars at the end of 2024 and reducing oversight while added before inauguration day they were amending account control agreements to the days before inauguration day we amended account control agreements dated january 13. when you look at the scheme sending money through pass-throughs to send money to other pass-throughs and along the way the middleman include former biden an obama administration officials democratic donors and others as a whole lot of self-dealing and conflict of interest, unqualified recipients but i'm glad the justice department and fbi are investigating and i also sent a letter requesting that the office of inspector general at epa also investigated. i want to ensure we have oversight over every penny that goes out of the epa.

>> you should you the epa administrator you need to know where the money is going do you think you'll be able to get some of the back. >> the lead for the investigation is the d.o.j. and fbi that is one pass. in the meantime the money is currently frozen at the bank, that's important. i also sense a detailed letter to the eight prime recipients asking 35 questions that we want answers to, this'll be a test how much oversight that we have whether or not they respond timely it is important that all of the questions are answered not just for me but i should have the ability to sit before the united states congress and set before you the american public and to answer these questions that i'm asking the prime recipients and i'll remind you you and i have spoken about this in the past these are eight prime recipients that receive $20 billion just the eight some

of them were created just to receive this money like the one ngo linked to stacey abrams but only received $100 in 2023 and got to billion in 2024. >> $100.23 into billion and 24. it's amazing they talked about the importance of the climate change agenda now we see all this money moving toward their political bodies. before you go you represented new york as congressman for eight years and ran for governor a couple of years ago. what you make of former governor andrew cuomo running for mayor of new york city. >> i'll tell you what i was running for governor in campaigning inside of new york city i found that he had very loyal core constituencies through thick and thin when i was campaigning in harlem. i think it went back to when his father was governor they were ready to support him that in there for his next run. i think he will be a highly competitive candidate for mayor.

maria: you think he can win and beat eric adams? >> right now he is well ahead in the polls, he has the network in the funding. maria: we will leave it there and watch that. we are watching your work thank you so much for your leadership epa administrator lee zeldin (♪) (♪) what took you so long? i'm sorry, there was a long line at the thai place. you get the sauce i like? of course! you're the man! i wish. the future isn't scary. not investing in it is. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com after careful review of medical guidance and research on pain relief, my recommendation is simple: every home should have salonpas. powerful yet non-addictive.

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♪ ♪. maria: welcome back one thing you need to know ahead of next week you get an extra hour of sunshine this weekend but losing an hour of sleep, that comes at a cost. even doge can look into. a review of big cities in the united states founded economic cost of $670 million due to lost productivity workplace injury, traffic accidents and heart attacks all attributed to the adjusted clocks and lack of

sleep. president trump calling the time change and inconvenience. it split down the middle of what americans would like to do about it. elon musk taking to ask to ask the public if the lot under daylight savings were canceled with a preferred to and after we spring forward or fall back one point to million votes later the majority said the clock should be pushed back an hour for good we will keep an eye on what the administration and congress does about it. don't miss more of the interview with president trump this weekend on "sunday morning futures" on the fox news channel 10:00 a.m. eastern live on "sunday morning futures" all talk with the president about the budget bill, terrorists, ukraine, iran and a lot more please don't miss it. i'll see you then that'll do it for fox business have a great rest of the weekend i will see you again next >> "barron's roundtable" sponsored by global