i am here at cantor fitzgerald to do some trays. market so it is booming back up to the sky. sonali: we will let you know where the day ends today. i'm interested in other forms of business and sports together. we have seen recently the nfl approve private equity interest in teams. i'm curious about where you think that is going to take things moving forward? >> i did not know about that. that is the first time i was aware of situation. i really don't know how that works, the private equity with teams in the nfl. i am not at that stage of being an owner of a team. sonali: would you want to be? >> yes, i would love to own a team. i feel like the nfl only goes up and up and tom brady is on the verge of owning a team and what an excellent gig to get into. maybe he can break the barrier of players getting in to ownership. i'm hoping that all follows through and he deserves it as well, everything is done for the game. with the private equity stuff we're talking about, i'm not too familiar with it so i can't really comment. sonali: you me

. >> joining me "fox business" exclusive is chairman ceo cantor fitzgerald, howard lutnick also chairmanition team cochairman great to see you. thank you so much for joining us i want to talk about trump and kamala harris's plans but first you've got breaking news bgc group launched fmx futures exchange congratulations. >> bqc change for everything in the world now going to compete with chicago mercantile only has 99% futures that trade in america, backed by all big banks all big trading firms we opened on tuesday, so just beginnings, 6 accounts i mean biggest in the world trading so far every day we are going to add a couple more couple more couple more by the end of the first year all players on the field off week, exciting. maria: 80 is exciting, i want to ask you about the regulator backdrop what you believe should be the right regulation for this because, td cowen with a note analyst writes we note quarter offers as much opportunity of as risk for exchanges some would push overrule to exchanges while others could limit trading hurt volume they are talk can go large equities, washing

and they joined cantor fitzgerald as par of our family -- part of our family. really i can't be more proud. liz: that is the truly legacy, i think, of what you were able to do to survive -- save the company p. more than half of your employees were killed on that day. it's just unbelievable. talk about today because that's the happy part of all of this. you had some big celebrities. who's been there making the trades? >> well, you know, so i explained to all the celebrities who come in you look at this trading floor behind us, that's the trading floor that was on 101-10 a, and on that tragic day 23 years ago, all those people got killed, that that's the 658 of our 9600 employees who got killed. so the celebrities come in, mcconaughey, jalen brunson, j.d. vance came after going to the memorial, he came up. bill clinton came. i mean, so we have just an incredible group of people. we have giants, we have jets, we have yankees, we have, of course, rangers. everybody comes, movie stars. it's amazing because what they understand is these people here, they understand t

on september 10th was the unlucky est person at cantor fitzgerald. she was laid off from cantor fitzgerald in the north tower on the 108th floor. on the afternoon of tuesday, september 10th, she up her belongings in a box and said goodbye to all of her colleagues and left. and she was home in time to watch general hospital. the next day. all of her colleagues were killed. she started back at work at cantor fitzgerald, called the following week as the firm tried to rebuild and get back on its feet. and the thing was since the entire art department had been wiped out on tuesday morning. no one had ever even taken her off payroll. they that plays out over course of the entire country. over the course of that day, the number of who switched their flights on to one of the hijacked planes or switched their flights off of the hijacked planes at the last people stopped for blueberry muffins and ended up living that day because they decided that they were hungry on the into work the new york giants game went monday night, september 10th. it was in denver and

maria: this week on "mornings with maria," tomorrow cantor fitzgerald ceo howard lutnick on why anotherresidency is what the economy needs right now. and friday, pam leadman forecasting how the fed's rate decision will impact home buyers across the country. it's all right here on "mornings with maria." ok y'all we got ten orders coming in.. big orders! starting a business is never easy, but starting it eight months pregnant.. that's a different story. i couldn't slow down. we were starting a business from the ground up. people were showing up left and right. and so did our business needs. the chase ink card made it easy. when you go for something big like this, your kids see that. and they believe they can do the same. earn unlimited 1.5% cash back on every purchase with the chase ink business unlimited card from chase for business. make more of what's yours. the moment i met him i knew he was my soulmate. "soulmates." soulmate! [giggles] why do you need me? [laughs sarcastically] but then we switched to t-mobile 5g home internet. and now his attention is spent elsewhere. but i'm thinki

howard lutmer, ceo of cantor fitzgerald is the key person speaking to wall street on the transition team. it was pure nonsense. what is going on here? >> people -- as long as taxes come down. it doesn't matter if he has of the dramatic where his mouth should be just spitting out vegetables if he is going to cut taxes and he has a record of cutting taxes for them, they will be happy. he comes up with this efficiency commission. the idea to figure out and audit the federal government. it is a brilliant idea. it is called congress. that is what they do for a living >> it is not necessarily a bad idea because the government spends too much and it doesn't have the discipline and proper audit but elon musk is going to be the guy doing it? >> tesla is successful because of the subsidies it got from the government. i'm not he committed crimes but it's like a robber guarding a bank. he is someone that benefited as much is anybody. spacex built on the back of tax dollars. that is not an attack but he is someone who very much has taken advantage of things. >> kamala harris is been messaging a pro-b

ceo and chairman of cantor fitzgerald, gbc group. we saw you last week as we could every year. and proceeds -- >> located top of the world trade center lost 658 of our 916 employees and still close to us. still hold the memorial together and keep their families really, really tight with us. >> when did you become the co-chair of the transition? >> just about three months ago. >> oh. you've been in that position for three months? >> about slee months. which is good. the plan, you know? the idea is not to do transition on election day. sort of to get ready so you have good plans and you have great people in place who want to serve. so then you can show -- my objective show the president a mosaic. opportunity of all of these people who want to serve. already vetted, and let's go. let's go select the greatest government we've ever had. have smart people do it. really get great people to commit to serving the government, which i have every day, everywhere i go, people say i want to serve. if he wins i want to serve. >> are you in position to tell us who's going to fill out all the d

this is a tweet from the ceo of cantor fitzgerald.e said in part 50 basis points is a big red flag. the fed has more timely economic data than the rest of us this means our economy our is worst shape than we thought. this is a bad sign for the economy heading into november it sounds like you disagree with him. is intthere any credence in this with the fed having more economic data athan we have >> it is true that the fed has more data than the rest of us. they are tracking the same surveys we are we talk to our clients around in the u.s. and we get a very, very clear positive picture of course, there are pockets of weakness in the u.s., but broadly speaking, it is a picture of strength. i think historically, yes, a 50-basis point move would be considered the fed knows something. actually, powell went to lengths yesterday to play out the scenario of the u.s. economy and described the labor market as solid and gdp strong to see growth slow to 2% which is slightly above trend. i would disagree >> let's get a bit more granular we mentione

we have no word from morgan stanley dean witter, cantor fitzgerald, these huge institutions which playital role in world capital markets are not being heard from you always fear for the worst. >> we develop friendships for people who work in those towers many of whom i now fear are dead. neil: with all the pain and suffering going on this is a pretty good country. >> president bush urging americans to head back to work today and return to normal life. >> wall street is up and trading in the most hellish of environments is as yankee doodle dandy as you can get. >> our heroes will now open the marketplace. neil: september 17th, 2000, when the markets finally opened, they never opened, the attacks occurred in the morning, 23 years ago today. let's look at that and where we've come with one of my players on the street because he's a lot more than just the street as family members continue to name their loved ones who were lost in that tragic attack. peter, you remember that day well and sometimes we have to put in perspective not just what was financially lost that day but so many vital fr

it was just reported today howard let mick, the ceo of cantor fitzgerald is now the key wall street person speaking to wall street on trump's transition team. every person in that room knew it was pure nonsense. he was spouting. some of them even applauded. what is going on here? >> these are people who don't give a salad about whether donald trump is going to do x policy or y policy as long as the taxes come down. it does not matter whether he's got a veggie medic where his mouth should be just spitting out vegetables all over the room if he's going to cut taxes and he says he's going to cut taxes and he has a record of cutting taxes these guys are going to be happy. he comes up with this government efficiency commission. the idea here is to figure out where there are improper payments and fraud. he's going to audit the federal government. it's a brilliant idea. the founders came up with it. it's called congress. that's what they do for a living. >> it's not necessarily a bad idea because the government spends too much money and does not have the discipline and proper audit but elon musk

howard led nick was on air earlier this morning with maria the head of cantor fitzgerald saying the onlyn he is backing kamala is because he wants to be a democrat president. the democrat version of the donald trump. another billionaire but from the democrat side. that's why he's backing kamala now. that is why mark cuban is backing get kamala. neil: let me ask you this. one thing both candidates, this is a perennial concern, they don't care how they pay for whatever they propose. it's a competition of offering goodies, $25,000 first-time homebuyer giveaways for donald trump but no taxes from tips to overtime. they both had no idea how to pay for it and the debt keeps climbing but no one talks about the debt. >> one of the reasons is no one asks them about it. the national debt is a huge issue. we had two debates and 1/3, the vice presidential debate and i would bet something, pick the value, the question won't come up they are either and it is top of mind for every american with any sense of fiscal responsibility. the difference between the two candidates is kamala harris believes deman

. ♪ ♪ maria: this week on "mornings with maria," tomorrow cantor fitzgerald ceo howard lutnick on whyis just what the economy needs right now. and friday, corcoran group ceo hamm liebman forecasting how the fed's rate decision will impact home buyers across the country. it's all right here on "mornings with maria." ♪ dad: you wanna help me? dad: aim at the wall, but get closer. daughter: (gasps) what the?! daughter: alright. dad: side to side. when you work with someone who knows a lot and cares even more... you can do this. ...you're unstoppable. (♪) wow... are you kidding me? you can do this. at truist, we believe the same is true for banking. at ameriprise financial our advice is personalized based on your goals, whatever they may be. all that planning has paid off. looks like you can make this work. we can make this work. and the feeling of confidence that comes from our advice... i can make this work. that seems to be universal. i can make this work. i can make this work. no wonder more than 9 out of 10 clients are likely to recommend us. because advice worth listening to is advi

maria: and that was the chairman and ceo of cantor fitzgerald, howard lutnick, with me on fox businesss with maria" last week on the impact of vice president kamala harris' proposed 25% tax on unrealized gains and the impact it will have on the economy and on family-owned businesses. harris is also seeking to increase the corporate tax rate to 28% and the capital gains tax from 202% to the 28% also while allowing the trump tax cuts to expire after 202025. joining me with more on on the potential fallout is the chairman of the hows ways and means committee, congressman jason smith. mr. chairman, thank you so much for being here. i want to get your take on trump's economic policies versus kamala harris' economic policies, specifically regarding taxes. how do you think the impact plays out? from. >> well, just look at trump's economic policies. we passed the largest tax cut in history in 2017 with trump's tax cuts which led to the best economy in my lifetime. it had real wages increase of $5,000 which was more than the eight years combined of the obama administration. we saw record lows o

david: now, joe, here is cantor fitzgerald ceo howard lutnik pushing back on mark cuban. democrat so he's just going to play the game as hi, let me talk about how to run for president as a democrat. so you have to take whatever he says and put it in the trash bin, because he's just for office. david: joe, you only got 10 seconds sorry to do this but what do you think? whose right on this , mark or the other billionaire? >> the other billionaire, i mean, i want to hear mark cuban actually say, you know what? taxing unrealized capital gains, whichever are economist says will tank the stock market tell me why that a good idea i'd love to hear your answer. david: brianna i owe you one, so sorry we've run out of time. great to see you both. still ahead, the country is bracing for major impacts from potential port strike in the coming days, analysts are warning this could cost the economy $5 billion a day. we have the latest details on that, next on the "evening edit." so, what are you thinking? i'm thinking... (speaking to self) about our honeymoon. what about africa? safari?

work that day and did, another guy, a close friend of my brother as was fired from his job at cantor fitzgerald, he was going to play golf that day, he decided to go to work to clean up his office, and died that day, you never know. as we are reflect 23 years later, we have tomorrow the pain that was visit -- we have to remember the pain visited upon us for ern. everyone because of an awful terrorist attack and remember the families of that have suffered so much and still suffering, remember the first responders, that many of whom are still dying of the impacts of cleaning up the pile. i went to the pile, i think the next day. and i'll never forget seeing how vast of site it was, we see pictures in the newspaper of you know close up of a firefighter working at the site, or a group of firefighters, but to went it to go for a massive city block, blocks, and stories high of rubble, i remember it was liker ant -- it was like ants working on the pile, i remember think thissing the people dead inside, and how could you find them and smell was so act raid, remember the families and first responders, a

cantor fitzgerald ceo howard lutnick is here with his outlook on stocks and thoughts on the presidential with office vacancy at an all-time high, we'll get an outlook for the sector and what a rate cut could mean for the markets. >>> markets have been

. >> right i'll be at the cantor fitzgerald event that helps raise money they do a great job every year the first responders as well so many of whom sadly have had illnesses related to the site itself as well not just the initial victims this horrific tragedy. 23 years but i still have that moment when i was back in fort lee when i got a phone call about that first plane. >> yeah, i remember. i was down the block the building was locked down there was a rain of research i remember being hit by dean whiter research when they let us out. then you saw all the pictures of people they were looking for and none of them lived it was all very surreal and horrible i think people -- i wish people had even seen the fire ep went on for days and days and days. it was kind of our pearl harbor. we didn't know what was going to happen and anyone who recalls it just wants others to know. >> right, right. we will be having our attention keyed in on downtown and the pentagon and shanksville, pennsylvania, today as well. >>> as for the open here, jim, a little disappointment, i guess, in that core print of

joining us now with more is louise chen, cantor fitzgerald senior analyst. it's their fault. pharmacy benefit managers a lot, and i'm trying to figure out, is there a, a public policy solution? is there a free market solution? what needs to be done, do you think? because some relief would be nice, if we're paying $1,400 a more or something and people in europe are paying $92 a month? >> okay. well, short of it is, there is no simple pollution. i've been a drug analyst for decades and sense i joined trying to figure this out. these drugs, street has to be patient. negotiation coming in 2025 likely that this will show up on the list. one of the top spend drugs for medicare. secondly, supply increases. these companies don't have the supply yet. lillie just able to immediate backlog orders second quarter but no dtc advertising. if they do, over shoot on demand fund. novo has doses on limited supply. supply increases, as drug price negotiation comes to light and also as new products make it to market, there are a lot. a huge line behind novo and lilly we'll see affordability and a

we're hearing names like the ceo of cantor fitzgerald, self-made billionaire, extraordinarily successfulat policies is howard down with, or is it just, oh, we're done with the wokeness, lena kahn, she's bad for business. this is the united states recreating itself with oligarchs. oligarchs in russia know there are scores of people living in squalor, but it doesn't matter because they have an inside track to vladimir putin and they're rich as rich can be. the ceos who backed donald trump, they're not backing donald trump because of his broad policies that are going to lift the economy. they're backing donald trump because he's going to hook them up personally. i would refer to the meeting he had with oil executives three months ago where he said, you guys give me scores of money, i'll give you whatever you want. donald trump is not a policy person. he's transactional. if you give to him, he will transact for you. be aware of that, america. >> sometimes he doesn't come through and he doesn't give a damn. everything you just said, stephanie ruhle, thank you very much. we appreciate it. we'l