cheryl: good morning, i'm cheryl casone, in for maria bartiromo. it is monday, july 24. your top stories, 6:00 a.m. eastern time. today markets are gearing up for a blockbuster week with earnings, key economic data and another fed decision on tap. tomorrow, the first day of the federal reserve's two day meeting, right now market participants expect a quarter point rate hike after last month's pause. the fed will also get its favorite read on inflation with the june pce price index, we're also going to get durable goods and first read on second quarter gdp, that comes later on in the week. and tech on deck, some of the best market stars of the year reporting second quarter earnings this week, including he meta, amazon, microsoft, and alphabet. taking a look at european markets right now, as you can see on your screen, a little bit of a mixed bag, the ftse is green, cac 40 in the red, dax a little higher. to asia overnight, you had a mixed story there. the nikkei in japan up nearly 1 and a quarter percent, the hang seng in hong kong down better than 2%. and we are just wee

cheryl: congressman, it's great to have you on the show. come back soon. >> thank you, cheryl.s closed, the secret service blaming insufficient fbi lab results and they get any investigative leads. don't they have cameras in the white house? am i wrong? forformer acting u.s. attorney general matt whitaker is going to join us next. stay with us. ♪ you and i. ♪ we're cool for the summer. ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ [ applause ] >> the day you get your clearchoice dental implants makes every day a confident day... a never-hide-my-smile day... a life-of-the-party day... a take-on-the-world day... a believe-in-myself day... a flash-my-new-teeth day. because your clearchoice day is the day you get your confidence back for good. a clearchoice day changes every day. schedule a free consultation. cheryl: an alabama woman who stopped to help a wandering toddler mysteriously returned home after going missing. gerri willis has details on a very s

cheryl: good morning, i'm cheryl casone, in for maria bartiromo. it is monday, july 17. your top stories, 6:00 a.m. eastern. this week, earnings season kicks into high gear. futures are mixed, now they are lower. the dow down 80, nasdaq down 3, s&p down 6. the wall street situation worsening in the last few moments. bank of america, morgan stanley, they come out tomorrow, goldman sachs, tesla, netflix, those come out wednesday. johnson & johnson on thursday, am ex will wrap up the week on friday. the ftse, the cac and dax down and then to asia overnight, china disappointing second quarter gdp results there. reporting the economy grew 6.3%. but that was lower than expected. and then in hong kong, markets are closed for a typhoon warning. maria, sitting down with the 45th president of the united states, donald j trump for an exclusive interview ranging from bidenomics, how he plans to handle china and if he thinks he can beat joe biden in 2024. maria: do you think you can beat joe biden? >> i'm

cheryl?the supreme court ruled. how can they do this? >> what is the legal loophole exactly? because it makes no sense on this thing. >> reporter: what they did, charlie, is they changed the rules on another program. not the program that was challenged in the courts. it's another program which this one probably will not go and be contested in court. what's going to be contested is when they're using the higher education act of 1965. they're starting that rulemaking process right now -- >> yeah, but it's -- [inaudible conversations] >> reporter: it's going to cover hundreds of billions. >> ed edward, it's the same concept. congress can forgive loans. you've got to pass a bill. the supreme -- i still don't get it. [laughter] whatever. >> reporter: they keep trying. >> it makes no sense. cheryl: what's a few more billion dollars for the to spen- >> sounds like they need to get sued again. >> reporter: it's a mole. they stop it here, it -- whack-a-mole. cheryl: they said he were going to do it. t

cheryl: i agree with you. we're just learning this morning that you've got chinese malware embedded in u.s. military systems. so i think you're right that this was a good decision to ban those drone as well. but drones do -- they are needed to monitor the border. we're still being overrun to this day and our vice president, border czar, is nowhere on the issue. tom homan, thank you for being here. it's good to see you. i'm not sure where she is. >> border czar missing in action, that's for sure. cheryl: good to see you, tom. next hour of "mornings with maria" starts right now, everybody. and it's time for the word on wall street, top investors watching your money. joining me now investment senior portfolio manager, thomas martin, also with me here on set is mike lee. we're not giving him a break today. tom, i do want to start with you. taking a look at futures this morning, last trading day of the month. we were mixed earlier, now we're in the green, dow up 46, nasdaq up 3 and a quarter, s&p up 4 and-a-half. w

cheryl: 13 year employee. >> it's ridiculous. cheryl: 13 years for that company. do. coming up, rfk junior aappearing to change his tune on going after biden family corruption. hear what he told maria, that's coming up next. but what happens when you need affordable health care? christian health care ministries could save you up to 40% today. as a member, you can choose your provider without network restrictions. sign up at your convenience with our anytime enrollment. join a christian community that supports each other's medical expenses, offering peace of mind as you prioritize what's most important. enroll now at your chm dot org dealdash.com the fair and honest bidding site. this kitchenaid mixer sold for less than $26. this i-pad sold for less than $43. and this playstation 5 sold for less than a dollar. go to dealdash.com right now and see how much you can save. i need it cool at night. you trying to ice me out of the bed? baby, only on game nights. you know you are retired right? am i? ya! the queen sleep number 360 c2 smart bed is now only $899. plus, free

cheryl: thank you for your service. >> thank you. cheryl: a lot more coming up.becueing on a budget. the cost of your fourth of july cookout is up since biden took office, this is why more americans are souring on the federal government. our all-star panel here to react. ♪ before... and bath fitter. now's the time to call bath fitter to get a beautiful “after.” with our unique tub over tub process, there's no mess or stress. bath fitter. it just fits. visit bathfitter.com to book your free consultation. more protection, more sun, more joy. neutrogena® beach defense® the suncare brand used most by dermatologists and their families. neutrogena®. for people with skin. "cavuto coast to coast" cheryl: the white house touting bidenomics, results for hard-working families. the price of fourth of july cookout at the second-highest ever, up 14% since president biden took office. we are paying more at the grocery store, the economy is still shaky but bidenomics -- >> that bidenomics. i been trying to understand this. bidenomics, when i first heard the term, what in the wor

, cheryl.ant to be able to control information that is being printed or delivered to the american people. this is our first amendment right. i think the judge had it absolutely correct yesterday to stop communications from the biden administration and the social media platforms and we are a free society and what is amazing is that now so many of the pieces of information that people had been trying to share with others turns out they were 100% accurate when we were going through this whole pandemic. again, we do not throw away or disregard the constitution just because there's an emergency in this country and i am glad that the judge struck down the biden administration's desire to stop information from being shared around this country. cheryl: to be clear, if you look at the case and look at the messages that were being sent back and forth, we're talking conversations twice a week between the white house and between these companies and it was effectively bullying if you read the messages and t

cheryl: oh, my gosh. to me. this is who? >> this is maggie. cheryl: say hello to the camera. someone needs to adopt you from the show today. >> this is liam. he's having fun with his tv debut. cheryl: you had a dog, i know as well. you've got dogs and cats, right? >> we adopted he'll industries the north shore animal -- elvis from the north shore animal league. great cat. cheryl: talk about the numbers at this point. i know it's gotten better across the country as far as animals and basically not having -- well, there's milo, milo is living his best -- >> that's elvis. chery.cheryl: milo is living ht life. milo was a rescue. was elvis a rescue. >> north shore. cheryl: why is it important to go to shelters instead of getting designer dogs and cats. >> animals are getting out knifed every day -- euthanized every day from no fault of their own. cheryl: you do take the hard cases. that requires money and donations and that requires help. >> yes. we tend to take the critically ill and injured as well as large

cheryl: java cost estimate to this?l be costly, there is no question about that but even if it saves one life it is worth it. we will make sure that the schools are assisted and that the cost that they incurred we want to make sure that they reimburse that. we need to make sure this is available. it can save lives in even if we save one life it is worth it. cheryl: i think it's a great idea. the? becomes what you could get approved, as you know the house controls the strings and there's been so much pushback on budgeting. obviously is there still concerns about the u.s. economy which is something that you, the program and talked about many times including the inflationary impact that you've seen in your district whether food prices are gasoline or services. please keep us posted on the future of the bill. >> thank you, i will. congressman buddy carter, thank you for joining us. we have a lot more twitters temporary rural unlimited the number of tweets one can read sending users into an uproar. do you really think you're

cheryl: time for the word on

cheryl: that the biggest debate.many times, a lot of the ceos are saying i want people back in the office. jamie dimon has made that clear, elon musk has been fed up with the work from home, the wall street journal says it's not going away. >> i think remote work is going to stick in some capacities. you have to look at certain demographics. you look at new mothers like myself when you have these technologies like star link that are helping mothers have a support system in remote areas. people are not going to give that up they have a taste of it we see a baby-boom post covid by people who already have one child. that is something to consider when you look at the broader picture not just productivity in that regard. i believe this is going to continue i think collaboration happens in the office there is a lot of utility but at the same time people got a taste of something. cheryl: one little trick i'm not going out this person but she has a habit of leaving her laptop open so her available light is on but she's not e

cheryl: as an agriculture. sometimes you hear something else. >> it is the sticker that will give you the exposure to high-quality treasury corporate investment grade credit and mortgages it is the blue book barclays composite for high-quality fixed income. definitely think about that owning inflation bonds as well again and the huge rise that we seen in rates our view remains that inflation is higher than the feds expected inflation of 2%. it's going to come down but not to the level of 2% of the fed expects it to come down to. cheryl: silver? that's a fair question. to expect us to go back down to the pre-pandemic level of 1.8 - 2 of cpi over the next two or three years i think it's going to be difficult, you can't say never but i think it would be harder with so many companies and individuals making different decisions. if you think about re-shorting, friend shorting especially after the supply chain issues that we seen that is one big reason that inflation can stay elevated for the good thing about demograp

cheryl: phil is.: can i make a comment the reason dependent on saudis united states producing 12.2 million barrels a day we should be 14 or 15 gave leverage in terms of world pricing under president trump we lost that leverage continuously purposely joe biden lost that leverage, so shame on him. cheryl: we've got a lot more coming up folks how markets are moving on the busiest week second quarter, slatestone ken with his take on numbers , we'll be right back. . ♪ hey, ♪ ♪ and ♪ . i got into debt in college and, no matter how much i paid, it followed me everywhere. so i consolidated it into a low-rate personal loan from sofi. ditch credit card fees and high interest. borrow up to $100k. sofi. get your money right. the new dexcom g7 sends your glucose numbers to your phone and watch, so you can always see where you're heading, without fingersticks. dexcom g7 is the most accurate cgm. so, you can manage your diabetes with confidence. ♪ ♪ (upbeat music) - [narrator] what if there was a hearing aid that co

cheryl: what, we shall see.t is fascinating how it can move the markets on a day like that. so we have cpi, ppi, of course banks coming out on friday. let's talk about another pick of yours. i thought it was coca-cola. that is a good one. it is coca-cola europacific partners. >> i threw this one out there because i wanted to get a little bit outside of the u.s. i don't know if you saw this or not, citi, their market strategist they downgraded the u.s. and upgraded the european stocks index out there, which i thought was pretty interesting. i don't tend to disagree with. in that sector, the big european big cap sector, i chose coca-cola euro partners. this company trades 15 times earnings where other beverage companies trade 22 times so it is cheap. they have strong travel in europe, and strong growth away from home in the european travel area. they made acquisition they will see cost savings and synergies from. they're not only european about southeast asia. cheryl: that is interesting play with someone that dri

cheryl: all right.member and long time hunter biden business associate devin archer will appear before the house oversight committee before a closed door testimony today. he's reportedly expected to say that then vice president joe biden joined dozens of his son's business meetings over the phone. the department of justice now backtracking on a letter they sent to archer's attorneys demanding he report to prison on fraud charges. in a new letter the department of justice says he must be free to testify before sentenced, giving out this statement, we are aware of the speculation that the weekend request to have mr. archer to report to prison is an attempt by the biden administration to intimidate him in advance of the meeting. to be clear, mr. archer does not agree with that speculation. joining me now is new york congressman nick layworthy. congressman, good morning to you. let's focus on today's testimony. we are going to hear from devin archer despite the back and forth over the weekend from the doj.

over to cheryl kansas city caso. cheryl: thank you, charles. we have to take you to breaking news out of los angeles at this hour. you are looking at live pictures of the sag aftra headquarters in los angeles. we're waiting on a press conference. here's the news, negotiators for the hollywood actors union, that's of course the screen actor's guild american federation of television and radio artists, they're unanimously recommended a strike after talks with the studios broke down. again, we're taking this live shot of this press conference. this will be held any moment at their headquarters and this is after weeks of negotiations that failed to garner a contract. what do the actors want? higher wages and streaming regulation and safeguards arnold thous of ai, artificial intelligence. hollywood actors would be joining the writers and first double strike to plague this industry 24 more than 63 years, 1960 is the last time we have seen something like this happen in los angeles and to this multi, multibillion dollar global is there any. so tv and mo

cheryl: okay, no. the story continues we are following it, thank you so much for joining me. >> thank you so much, cheryl. >> a lot more coming up officials reporting several cases of malaria within u.s. for the first time in 20 years dr. janette nesheiwat is here with what you need to know you are watching "mornings with maria" live on fox business. i -- i want to see -- ♪ ♪ ♪ i got this mountain bike for only $11. dealdash.com the fair and honest bidding site. this i-pad sold for less than $43. this kitchenaid mixer sold for less than $26. a 4k television for under $2. a macbook pro for under $16. this playstation 5 sold for less than a dollar. and brand new cars for less than $900. dealdash.com offers hundreds of auctions every day. all auctions start at $0 and everything must go. and don't forget we offer a full 90 day money back guarantee on your first bidpack purchase. i won these bluetooth headphones for $20. i got these three suitcases for less than $40. and shipping is always free. go to deald

cheryl: taking time we will see what happens with devon archer. liz: exactly right the more eye wins testimony again tapes absolutely crucial, then you are actually beginning to connect dots to the white house that has taken a while i agree with you, cheryl weapon good forcomer people in the house being careful, not sort of getting out over skis, because, right now over half americans think joe biden actually was bribed. that is devastating i think pretty darn hard to refute that tide of public sentiment this carefully bullying of a case democrats can ignore deny all they want. cheryl: rfk, jr., jump up in polls 14, 0% against incumbent president in his own party, that is surprising. >> all right. next hour of "mornings with maria" starts right now. . >> i am cheryl casone for maria bartiromo, monday, not tuesday it is monday, july, top stories earn time feels tuesday markets gearing up for a blockbuster week earnings economic data another s fed decision on tap tomorrow first day of federal reserve two-day meeting right now markets participants ex

cheryl: i did hear the pun.ation finds. >> i want to ask you talking about this, morning florida governor desantis criticized by some republicans, for a campaign video, taking aim at former president trump's previous report for lgbtq community many call this homophobic a short clip that have and get your reaction on the other side governor. >> i will do everything, in my power to protect our lgbtq citizens. cheryl: did you see the ad what did you make of it? it seemed a little frankly strange, the entire thing. now desantis is called homophobic. >> i don't think desantis is loem phobic it probably with the one of thes best idea for ad in part you win when can you add people to voting rolls you don't win tlefksz when you keep subtracting them. there are people don't necessarily agree with idea some agenda of the more radical versions of lgbtq+ however many letters in the alphabet for it the fact is many people in that community conservative, vote republican you don't those voters, just in same way that donald tru

cheryl: okay. so -- don't expect to meet with xi jinping talking points we've gotten from treasury simply says going over there to you know have talks about our relationship. you know is deteriorating, right? >> yeah, you probably do that over the phone, i mean i don't think you have to go to china to have talks with some people about your relationship, and i terrorists all that again i just think this biden administration, kowtowinging to ccp. >> the issue of china with you the defense department reportedly updating guidelines for advising working with hollywood films, are declaring it won't work with movies altered due to chinese censorship demand, this comes as justice department argues a florida law restricts, chinese land ownership near u.s. military bases imagine infrastructure is unconstitutional you have a does this administration really feel about china? >> look. the administration, maybe talk to have you game but actions speak louder than words surface was defense defendant not working wi

cheryl casone over to you.cheryl: artificial intelligence, the story of the first six month of 2023. it is changing and coming to your point. charles, thank you very much. we have a fox market alert, we start with green on the screen as investors are cheering the lows headline cpi number we have seen since march of 2021, take a look at the dow up by 120 points, the s&p higher by 37 and the nasdaq higher by 167. both headline and core inflation slowly more than expected with the cpi inflation rate clock in the 12 straight month of dec decline. tomorrow we're going to get key data on wholesale inflation that is the ppi read that also is very important to the fed and may be more important than cpi to be honest and analysts are expecting the slowest year-over-year growth undergrowth and more than two and half years for the ppi numbers, let's go back to cpi the two key sources for the inflation in the beginning of 22022 were food and use vehicles they pulled significantly, coming up we have driscoll's of the america

short shorts is a bigger issue. >> cheryl: shorts in a second.s guy. >> tomi: your string of earrings. >> the gages, i draw the line. >> harris: okay. >> cheryl: to shorts issue shorts at work, question mark? 58% could get behind that being loo. >> harris: those look like boxers, you want to see that? >> cheryl: 41% want guys to keep their legs covered. >> harris: if you go to work in pants that don't reach your ankle, at least down to your knee. i can't tell if he is going to the pool or working and we had enough mishaps on zoom. when you go to work, be ready to work. if you are home, the short shorts, somebody will see you get up. >> maybe they got used to it with work from home. >> jason: keep your pants on, fellas. zip them up. i don't need short pants at work. >> talk about foot wear, 73% support men wearing sneakers, 26% say never appropriate to wear at work. 44% said sandals could be acceptable, majority of 54% against talook. sandals in the work place? >> harris: no toes. >> kayleigh: no sandals, i talked to a congressman who wants to wea

cheryl: we also focus here on the economy. and you know president biden taking a big victory will have a after cpi report spasmodic inflation -- lowest in over two years president claiming "bidenomics," slamming this as campaign strategy i want to read president joe biden played it clear running for reelection on economic record, this means he will have to lie through his teeth topping voters ignore what they see in their own wallet, congressman. >> so, you watch it some science fiction movies people walking around hear this reel, tape so good out here blessed to be here over and over, after a while people start believing it if you look where this president is at today prices overall up 17% core inflation, is still around 5%. so that means real wages you and i make are 3% lower, with this president. now, you can go tell anybody what every you want to tell them but in reality, we are 17% higher than we were when he took office 5% core inflation higher, with 3% less in income, i don't know how you brag on that, but this place ca

cheryl?r said business and if this is the way, i mean, it is like, they want me to wear a blue t-shirt. i'm sorry, i like a white t-shirt. if you don't want to work at in and out, go work some place else. they did have moments where they would push back and one executive said we don't want to be the vaccine police for any government anywhere thchl is what they believe, this is how they want to do business and they have the right. >> kayleigh: california and oregon exempt. >> sean: people complaining about in and out burger, probably love mandates to wear a mask, show vaccine cards, but not to say you have to take your mask off and smile. free the face. i want to see mouths when i order a burger. >> we can agree to disagree. there was recent review from one of the most respected studies, a study of studys and found little to no evidence that masks prevent spread of vie russ, no point. stop making people wear a mask, it is weird. >> kayleigh: i guess if you are immuno-compromised. don't you wan

good morning. >> cheryl: good morning.nd term, he will be 86 much 68% say they are worried about the president's health. 55% say it is a major worry. the other side, front-runner on the republican side, donald trump, he is 77. voters are saying age is an issue. listen to what happened with alexandria ocasio-cortez, congresswoman from new york. she went on a podcast and actually said let's do four more years of this, listen. >> will you be supporting joe biden for reelection? >> i believe given that field, yes. i think he's done quite well given the limitations that we have. there are areas we are quite strong, the american rescue plan and of course the inflation reduction act was massive step in the agenda. >> cheryl: a former bernie sanders staffer called out aoc saying endorsing joe biden now is betrayal of progressive interest, bernie aoc are out of step. former press secretary, does not work for bernie sanders now, that was her response. somebody on twitter said, i hope aoc got a nice pay out for that. aoc is 33 years

casone. >> cheryl: this happened in mid-may and they didn't find it until mid-june.hacked. this was the chinese. it was a targeted attack. they didn't get into secretary blinken's e-mail, this was espionage. now the state department says it contacted the company and this is microsoft, after suspected -- white house national security spokesperson adding the breach affected unclassified systems and hold procurement to high security threshold. >> carley: she has been outspoken critic of china, this will not make her change any time soon. >> cheryl: she has been threatening as far as semiconductor exports to china. she says she will cut off the technology, trade war brewing between the u.s. and china and she's been vocal about that. >> carley: no one has been censured more than r.f.k. jr. and he's going to capitol hill. >> cheryl: here is what he says about him being censured. >> i was the first person censured by the biden administration. they made up a new term called malinformation, information that is true, but would discourage people from complying with the counter

good morning. >> cheryl: good morning.egations are here, the whistleblower was saying there was political interference and this is the tax probe and he got a sweetheart deal, especially on the gun charges. this investigation is causing in-fighting between house over sight. here are comments from jamie raskin about the investigation. >> our legitimacy is being erode by chairman comer. they said we will validate anybody who will say anything about the bidens and they have not laid a glove on president biden. there are real issues confronting people and they are off on a wild goose chase. >> cheryl: james comer responding to his comments on "the ingraham angle" watch. >> i don't think jamie raskin or jen psaki can point to one thing we produced or put on oversight stationary that cannot be backed up by hard evidence from bank record and bank violations for the biden family. >> cheryl: to be clear, the whistleblower alleging and saying basically hunter biden and family were tipped off. hunter biden was never interviewed. >> ca

cheryl: . >> going up. cheryl: french fries. maria: are oranges down 5.6% -- >> we don't want healthy food maria. cheryl: by the way, egg prices now i like to see where we are at for egg prices overall, we are now down 7.9%. maria: a finally. cheryl: yeah. maria: are omelette. >> you are making a great point about staples american deet you see upper class consumer inwall mart to get groceries no one going to whole foods they are going to walmart what does that tell you about food inflation they are affected at the grocery store john catsimatidis told us before he has to pay workers more to keep them coming to show up to work so that is also increasing the price of food at your grocery store aisle, but look. there is still some stickiness in this report this i wouldn't say a victory for anyone, by any means but if you are in stock market okay maybe just one hike not two that would be nice i think a very real possibility still think a hike this one. maria: is it right call douglas for joe biden making "bidenomics" centerpiece of t

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cheryl casone from fox business has more. >> cheryl: fun to watch elon musk go after mark zuckerbergsterday, as a matter of fact. this is a threat to twitter. mark zuckerberg bragging the app is doing well. here is what he posted on threads. 10 million sign-ups in seven hours with the emoji next to it. what is interesting about threads, you can take your profiles connected under one username and password and extend it to threads. that is one reason he got so many so quickly, one stop shopping to add threads to your social media use, if you will. good step out of the gate for threads. >> ashley: we'll see how big of a threat -- >> carley: there will be a cage match, too. >> ashley: there was that and now this. the gop has issues with biden power plans. >> cheryl: biden administration made it clear it is about climate change and clamp down on fossil fuel production in this country. you have lawmakers saying, wait a minutes, shutting down power plantses, what about usage in power. this letter is from joe braso and shelly moore. epa lacks expertise to project the impact of rule making on

casone has more on that, hi, cheryl. >> cheryl: vivek ramaswamy now a target of the "washington postaper writing vivek ramaswamy trump 2.answer, an outsider with extreme proposals. that is the headline. goes on to write, others embrace pre-trump gop posture or out-right trump-ramaswamy pitching himself something different, next iteration of trump. this would push the browns of presidential authority. vivek ramaswamy is behind the former president and form governor ron desantis. vivek ramaswamy will be on "fox and friends" in the 8 a.m. hour. >> todd: democratic publication saying they are pushing the limits of authority. interest rates hitting level we haven't seen in decades. >> cheryl: federal reserve expected to raise interest rates wednesday, meaning borrowing cost heading higher. five and quarter to five and a half percent 22-year high. it was 11th rate hike in last 12 meetings. the fed paused. inflation 3%. fed target is 2%. question now, what is coming next? interest paid on credit card will see most impact, most credit card debt is on variable rates. average card is charging

cheryl casone is here.ve never ends. >> cheryl: artwork adds an interesting twist. house members are investigating him. this is elizabeth hersch nafali. she spent, go through donations. $1.3 million is how much revenue hunter biden made from his artwork, a lot of money. okay. she says she is major democratic donor who gave $200,000 in 2020, 30,000 to the dnc in 2023 and did donations and maxed those out, as well. july of 2022 and they don't know if before or after buying artwork from biden. she was appointed abroad. another buyer spent on artwork for hunter biden. look, this connection is another in a string of questionable connections to people that want something from hunter biden or his father, president joe biden. maybe money talks here. >> carley: the guy who everybody is calling hunter biden sugar brother because he bailed him out of the tax situation by giving him a loan to pay his taxes, bought some of his artwork, too. one silver lining, i believe in hunter biden child support agreement, some money

jobless claims as well cheryl?ging into ppi to see where inflation is sticky it services, pick up what mark tepper was talking about services inflation, that is really driving still advances excuse me inflation is cooled, but energy prices, and this is where we saw decline in cpi yesterday saw that in market here in ppi as well this morning i do want to say digging into report one thing quite interesting i don't know where this is going to go but within index final demand goods, is okay part of this, gasoline rose 3.4% remember this is at producer price level, electrical power, chicken eggs prices higher i guess i am saying could lead into consumer could translate into the next month port for consumer for cp >> what the economists are saying consumer is beginning to crack, stephanie said that your reaction to numbers. >> discussion i think important to reiterate that again this is math, john, accommodated how quickly 3%, largely just a mathematic function, you know comparison to challenging numbers last year i woul

casone has more. >> cheryl: good morning, interesting trip.t was antony blinken, then janet yellen and now john kerry. get this, china was world's biggest polluter in 2021. 11.5 billion metric tons of greenhouse, gases, then u.s., india and japan. kerry is setting up talks happening in four months. this will be interesting, when it comes to john kerry and chinese and climate change, not sure the chinese will have meaningful changes. they made promises and can say they want to do it. their history, the numbers bear this out. nod got. >> todd: just the latest example of a member of the biden administration supplicating themselves to the ccp. >> carley: and the chinese spy balloon, china building spy base in cuba. doesn't seem realistic, we will go green together. >> cheryl: i don't picture a lot of kumbaya together. all this started and became public discourse after president biden. president biden let's it slip about the military's ammunitions stock piles, watch. >> president biden: the ukrainians are running out of ammunition. the ammunition,

casone, file this under not good. >> cheryl: certainly disconcerting.omeland security is working with microsoft on this. they didn't get anything from the pentagon. here is the executive vice president saying, the threat linked to this incident is adversary based in china called storm 0558, focused on espionage. e-mail users should be safe, microsoft concluded mitigation for all customers, which is true. they forged authentication tokens, a whole new level of hacking, basically. we've all gotten used to double a authentication to get into inst instagram. they bypassed that, that is what worries me. >> todd: cat and mouse game we cannot lose. reparations are officially coming to one community. >> cheryl: evanston, illinois will pay black residents $25,000 each, they are saying it is a test program basically. 75,000 residents, not a big town. descendants up until 1969 is eligible. it is funded by marijuana and transfer taxes. a civil rights activist want to influence other reparation plans. in evanton, they plan to pay for the long-term plan. >> carley: g

casone joins us now with more, cheryl. >> cheryl: san francisco is heading into a doom spiral and whatn an urban city like san francisco, where your tax base flees, you don't have revenue to support critical services like police because your taxpayer says are gone. elon musk says he received offers to move twitter out of san francisco. many have offered for x to move headquarters out of san francisco and the city is in doom spiral with one company offer the other and they expect x to move, too, we will not. san francisco population has been tanking, 7.5% drop until july of 2022. by the way, their office vacancy rate almost 32%, incredibly high number because of remote work since the pandemic. i just talked to a friend in san francisco who said the city is a mess, just depressing. >> carley: not a good situation, what is going on with this big trucking giant yellow trucking, what happened there? >> cheryl: yellow trucking is ceasing operations as of today, fifth largest trucking company in the united states. i had spoken with yellow ceo during earlier this month and asked him this came

cheryl: in this country 20 bass year-old deserve 35 1/2% right.banks not budging very much on deposit rates as federal reserve raised 11 times kevin when you look at rate story, i mean, look. you have been talking about higher rates, potentially killing certainly banks because they can't afford higher rates, yet, the market, is trading up how surprised are you the fact that if things were so bad in banking why do we have an s&p 500 up 18% year-to-date? >> well i think you just look at numbers say okay. we tested this some percentage managers 4600 banks in their life have never dealt with rate hikes like this, these are many cases junior management so in the case of silicon valley bank first rec signature everybody blames that on idiot management i ask what percentage of 4600 banks right now have also idiot management is it 15%, i don't i mean i had ideologist yes, i do idiot management how do we know, when they are going to, we don't a factor of consolidation with one hundred percent certainty, in the market now. the question is what do we do abou

think how bizarre this is to cheryl's point.and broccoli, trumped ban cell phones, now we have cocaine in the white house. are you kidding? it's unimaginable. >> kayleigh: it's a really good point you make, cheryl, because dr. siegel, a white powder was feet from the oval office and we did not know what this powder is. so that's number one, national security at the right, if it was cocaine and brought on by a staffer, they need to be out. >> marc: that's for sure, in the first point about security huge, second point medical risk. i want to tell you coming out of the pandemic we are seeing a burgeoning of cocaine use and it's tied to other drugs in the workplace. people working remotely, so if it is a staffer there's a problem and this could be use as a spotlight on a problem we are having in the country. but you won't see this out of this administration are you? that it is combined with alcohol that people are using, laced with things like fentanyl coming across the border. the medical risk of cocaine is a binge drug. people hav

cheryl casone is here with more. that is not how this works. >> cheryl: exactly, yeah.mment this was not a normal court. maybe professors are taking a cue. we have a hafrp afterward law professor and a student who write an open letter to the president. president biden restrain maga justices, if they announce interpretations of the constitution that undermine commitment, administration will be guided by their own constitutional interpretation. okay issue let's change the constitution. jonathan turley responding in an op ed. he said the left come to embrace the language illogic of segregation and call for measures against the supreme court. the constitution is what it is. you also have people pushing for expansion of the supreme court because they don't like what the justice rulings have been. let's be clear here, three branches of government under our constitution. >> ashley: like carley said, that is not how this works. twitter becomes x and it is live, actually active and live, cheryl. >> cheryl: big change to twitter and how it looks, coming from elon musk. he reveale

. >> todd: cheryl casone from fox business with more, barbenheimer double feature. >> cheryl: social wear my barbie pink. they are calling it barbenheimer, two block buster movies hit this weekend. "barbie" is live action remake, the original barbie doll starring margot robby and ryan gosling. and oppenimer is about the atomic bomb. wide release starts together in 3600 theaters and barbie 4200 theaters. critics love both films, 89% approve of barbie and 93% giving "oppenheimer." . there were barbie -- i would have probably gone. >> carley: you are keeping with barbie's spirit today, all i can ask. amc is releasing the double feature tickets, you got to love both ideas to do that with your weekend. moving to ai, what is the latest there? >> cheryl: president biden is hosting today seven leading ai companies at the white house, administration trying to wrap head around artificial intelligence, companies expected to pledge to roll out safeguards that the president will announce. alphabet, open ai, amazon web services and meta and an throp ic, we are learning. more investment in cyber se

good morning. >> cheryl: they are disturbing.general is launching an investigation into the allegations reported in the houston article. white house pres secretary karine jean-pierre responding to the july 3rd e-mail from a medic to a superior that outlines the accusations. >> if this is true, it is completely wrong. i would say, sadly, it would not be surprising from a governor who -- let's not forget on christmas eve, put migrant children on the streets in below zero degree temperature, that is what we saw from this governor. we don't know if the reporting is true, it is truly troubling. >> cheryl: we don't know if this is true. spokesperson for the texas military department telling abc news there is no directive. charlie green tweeting this video of migrant children being rescued at eagle pass, the opposite of what the e-mail is alleging. >> todd: we'll monitor that. charles barkley under fire. >> cheryl: retired n.b.a. star charles barkley who always has something to say usually went viral with this rant supporting the lgbtq

commerce feel cheryl casone with all the details now cheryl. maria according to new exclusive report "the wall street journal" the china-based company wants to sell made in china goods, here in the united states. with e-commerce business, watching, tiktok going to store ship items like clothes electronics tiktok continues to face scrutiny from u.s. lawmakers over security risks. lowe's many ploye fired, has now been rehired donna hasbro was fired by company for violating policy that instructs plez not to engage with thieves one punched her causing a black eye, the company changed course issuing statement saying three suspects i've had not clear if apprehended, management became aware spoke to dona reinstating job, she has accepted the offer to return to lowe's. maria they did the right thing, all right. new poll from axios ipsos revealing a stunning one this americans say never able to retire won't be able to call it quits even though 6 % say could make them feel a lot better, only 36% aged 55 older say able to retire at age planned, almost hal

>> cheryl: i do think there is., abortion was surprised and a lot of conservatives, it became an issue and hurt some running in races. so i think there is a piece of that happening. but i also think these states trying to stake their claim and hoping they can go back and get this federally overturned again we still have lawyers to talk about they want to revisit this. take it back to the supreme court. i don't know if that is a good idea not a lawyer like emily, but i do believe that it has been politicized. i think so. is that what this is, emily? >> emily: i think that is part of it. it screams improper use of tax dollars and whatever shape or form. it is in, all of us know where your tax dollars are going not just federal but state. know where your tuition is going to washington state actively lobbying to have the funding for that. is that okay with the residents there? do they understand the state is spending $1 million on average for homeless person? that situation hasn't been stymied by any means. all of these

he heads to the mic. >> carley: cheryl casone join ises us. >> cheryl: the democratic presidential candidatey today in front of house select committee on the weaponization of the federal government on censorship of americans. the hearing will examine the federal government role in censuring americans with without of control government agencies to silence heat. democrat wasserman schultz send a letter asking for mr. kennedy to be disinvited. they stated he is tarnished has credibility as a witness to spread baseless and discriminatory views. r.f.k. made comments covid was ethnically targeted. censuring somebody is not the answer. >> i was the first one the administration started censuring, not for misinformation, it was just politically inconvenient and that is not what we do in america. >> cheryl: according to the quinnipiac poll, the current president is in the lead with 71%. >> carley: irs whistleblowers took to capitol hill revealing how protected president biden and his son were during the investigation while federal agents were being obstructed. >> it appeared to me, based on what i exp

cheryl casone with the details now.and injuring others. surveillance video capturing the moment the 25-year-old gunman makes a u-turn on his scooter, pulls out a gun, shoots at the 86-year-old victim, ultimately killing him. we're learning the victim was father of six who was headed to the mosque to pray. his son saying his heart is broken and the family is devastated. we can't believe something like this would happen to an 86-year-old man. the suspect shot and three others. they're expected to survive. well, democratic new jersey governor phil murphy getting booed at a concert over the weekend in new jersey. watch. >> [crowd booing] >> hey, hey, hey, what did i tell you guys? hey, listen to me. listen to me. cheryl: murphy invited on stage by the band. the administration had put multiple restrictions on breweries, limiting food service and private events. there's a bill that's set to lift the rules. maybe he'll sign it this week after that happened to him. all right. well, after equalizing and extra time, team usa adva

thank you. >> carley: thanks, cheryl.the largest indoor fireworks show in the country and thousands turning out for the stadium of fire as part of the freedom festival in provo, utah. >> carley: abby hornacek has a behind the scenes look. ♪ >> we are at stadium of fire and just looking around, you can tell why this is one of the country's premiere independence celebrations. biggest stadium show, a flowover and performance by journey. i can tell already the patriotism isser hoo. let's go. i don't know if i have authority to do this, you might be the best dressed here. what is planning like? >> what would look best for our country. >> we have a fun group over here, you have been before, what makes it great? >> everything, it is patriotic, my personal favorite, the flyover. >> i do this every year and you don't feel more american than at the stadium of fire. we celebrate 4th of july and our nation's veterans, especially world war ii veterans being honored tonight i caught up with emthis. >> o say can you see by the dawn's ea

with details now cheryl.dministration trying to wrap head around artificial intelligence. so companies you mentioned expected to pledge to roll out safeguards we expect president will announce it had the meeting from roosevelt room microsoft, alphabet, google meta openai some names, the pledge will cli more investment in cybersecurity researching flagging societal risks shared trufrts safety information with government water mark content ai generated. >> ron desantis atlantic to sue, the apparent company for financial losses within the state pension fund due to state holdings of stock, spoke with jesse watters about his plans. we're going to be launching kwin acquirey about bud light could lead to derivative lawsuit filed on behalf of the shareholders of the florida pension fund, because at the end of the day there has got to be penalties, for when you put business aside, to focus on your social agenda at the expense of hardworking people he. maria: florida chief financial officer saying quote failure of bud

for your director cheryl evan davis, lord! [music and singing] [applause] >> please give it up one more time for rico and mazia. [applause] [piano playing] [singing] [applause] >> thank you. so, i think a lot of you might know this, so go ahead and sing it with me. [piano and singing] [singing summertime and the living is easy] please give it up for marcus, dante and george. [singing] >> give it one more time for sanging. that wasn't singing, that was sanging. everybody alright? we good? alright. you good in the back? i know you are, because we hear you. >> take a moment to shake that off. that was good. sara. sit in it for a minute. i'm a blues singer. all this music you hear today, it came from the blues. we are the root. i'm going to do a song by one of my favorite blues singers, gospel singer ms. (indiscernible) can you put your hands together? this is message i think everyone needs to hear. [guitar and singing] [applause] i'm going to do a song i wrote. you see, we have seen a lot of changes happen around here in the bay

thank you, cheryl. cheryl: you bet.trip to china as a success yesterday. she claims she sees progress in u.s./china relations. yellen criticized for bowing to china's vice premier while not ruling out an impending u.s. recession, take a look at the treasury secretary bowing here to communist party officials despite all of the aggression coming out of china including a spy balloon, surveillance balloon, surveilling american citizens. president biden said yesterday he still thinks chinese president xi jinping wants to replace the united states as the number one global super power as if that's a surprise. watch. >> do you think he wants to replace -- he wants china to replace the united states as the leading power, the defining power. >> oh, yeah, i think he does. i'm confident he wants to have the largest economy in the world and have the largest military capacity in the world. >> rewrite the rules of the international order? >> i think so. not all of them but i don't think he wants -- he's looking for war, conflict, expa