maria: yeah. leo, is this important to markets? tell me about your standpoint as an investor. do you think the midterms represent a catalyst for the stock market? >> well, we've been saying now for at least two years that one of the biggest risks in the market is policy error, policy error by the fed and fiscal policy error. the fed is finally catching up and what i find amazing is people think this is aggressive behavior. this is just catching up to neutral behavior. trying to chase inflation. and if we start to of move towards this stagflation problem, this is going to get bad in a hurry. so we need smarter fiscal policy. you cannot spend your way out of inflation. we need to increase energy supply. we need to fix the problems with the supply chain. we have to stop spending and we have to reduce the supply of money in the system. none of this t is easy. it takes resolve. you have to come out of ideological thinking and start to understand the problem and face it down. that's leadership. that's w

maria: thanks so much for joining u i'm maria bartiromo. it is thursday, september 29. your top stories, 6:00 a.m. on the east coast. today, the wrath h of hurricane ian, millions in florida without pow 0:wear as the storm hads has -- you power, as the storm has been downgraded. it is making its way through florida and into georgia. he we are tracking the destruction all morning long. on wall street, wild swings in socks after the bank of engengland's intervention yesterday. dow industrials down 208, s&p down 30, nasdaqer lower by 119. let's take a look at yields this morning as the 10 year now is up almost 11 basis points at a level of 3.844% after plunging yesterday as stocks rallied big. take a look, the stock market was up across the board. the dow seeing the best day since july 19 as investors saw the bank of england's interventions as a pivot, traders betting that rates will come down next year, the nasdaq up two days in a row, dow industrials up 548, nasdaq up 222, and the s&p higher by 71. the economy in focus this morning with just 40 days before the midterm el

maria: i agree.let's talk about what we saw yesterday and the impact on the fed and the macro story. i mean, layoffs are continuing. bp is laying off workers at the ohio refinery of prolonged shutdown, docu sign cutting workforce. there's lyft freezing hiring in the u.s. for the rest of the year and, of course, on top of all the other financial services and tech companies that have either frozen hiring or cut jobs. >> that's right, maria, what we have to be aware of is slightest increase of interest rates, not the consequence of stronger economy boosting demand for credit or inflation risk because of faster economy growth. it's the opposite. it's the federal reserve hiking rates for the soul purpose of trying to contain inflation, they are hiking rates and a weakening economy. you will have evidence of that when you get the revised report on gdp. you talk about layoffs, nevertheless the fed's hiking rates and proof of how this is worsening the economic outlook comes in two forms, number 1 higher inte

maria: all right. we'll leave it there. alex, it's great to see you. >> good to see you. maria: thanks very much. alex sanchez joining us. the next hour of "mornings with maria" begins right now. and good wednesday morning, everybody. thanks very much for being here this morning. i'm maria bartiromo. it is wednesday, september 21st at 7:00 a.m. on the east coast. democrats on the house oversight committee voting down republicans' request for documents related to hunter biden's foreign business deals. they say it would be a national security concern to investigate the biden's business dealings, all this coming as kentucky congressman james comer, the top republican on the oversight panel, tells fox news that he has evidence proving hunter biden sold american natural gas to a chinese energy company. joining the conversation can all morning long this morning is dagen mcdowell, brian brenberg and james freeman. i want to get your take on this story. the republicans have said, okay, we'll put a pin in it an

maria: okay, go ahead. rob: daughter' volleyball game normal parents are talking about, what the hell is going on in this country when you go shopping shoprite wherever you go to cereal section, post kellogg's all there but store brand sold out, meaning people can't afford the basic staples looking to save money. >> essentials, next hour "mornings with maria" begins right now. . . >> good monday morning. thanks very much for joining us they morning, i am maria bartiromo. it is monday, september 26, top stories right now 8:00 a.m. own the button on the east coast, stocks are selling off again this morning, as we approach the end of the third quarter, amid dire economic predictions for fourth quarter and the new year, just 43 days away from midterm elections, futures a triple-digit decline dow industrials down 150 the s&p down 22, noose lower by 57 as we look to this deadline to fund the government or a government shutdown as well as big week of housing inflation data, ahead of friday's end to the third quart

maria: yeah.ary and also also interesting to note that with this move judge cannon is also saying these documents cannot be used for any investigation because they're using it as a way to leak different things to continue to put president trump in a negative light. >> yeah. there's no doubt about it. the judge yesterday that order -- the order that she issued and of course she highlighted or hinted previously that this may in fact be her ruling, to have a special master, first of all somebody that the department of justice and trump lawyers can agree on is the right thing but had that person who is specially trtrained to go through documen, exhibits, whatever was seized during that raid to make sure that what needs to be protected is in fact protected and one more thing, maria on this. so here we are past labor day. we're very close to the election. and as you know, there's always been a window that the department of justice used even when i was a u.s. attorney here in the western district of tenn

maria: yeah.n the meantime, all of this spending has stoked 40-year-high inflation, senator, as you know. we're looking at the inflation timeline. when joe biden walked into the white house, inflation was at 1.4%. 1.4%. we're all the way up to 8.3%, but the stuff that we buy every day is much more than that. a dozen eggs is up almost 40% year-over-year. it's absolutely extraordinary. what can you do about the inflation situation? and did the democrats just renege on joe manchin? what did he get for this permitting promise? >> okay. as to joe manchin, i suspect that they have are reneged on that deal. i was skeptical of that deal all along, i never thought he was going to be made whole through that process. with inflation, you're exactly right, and it's actually much more blatant even than what those numbers suggest. throughout most of the country, if you measure inflation from the day joe biden took office, the very beginning of his presidency, and you measure it up until now, the number is actual

maria: i see. okay. your colleagues on the left about these wide-open border. congressman, another migrant bus arrived in new york city this morning. it comes as the democrat lawmaker in florida filed a lawsuit seek to go block governor ron desantis from sending my nor my greats to other states. house homeland committee chairman bennie thompson is calling the biden administration, calling on them to probe desantis now. congressman: look, this is all pock ticks for the midterm. i'm not worried about 50 people who get off bus in martha's vineyard. i'm worried about the 50 people that rose to the death in trailer in texas. 2,000 people a month encountered. it's the largest open border in 20 years and this too was greenlighted on inauguration day by joe biden when he stopped all the trump-border policies, said the border was open, america was not going to follow president trump's policies any longer and that's created this crisis at the border by his own decisions he's taken. maria: yeah, it's unbelievable w

thank you. >> thank you, maria. but also happy birthday, maria. [laughter] maria: okay.nk you so much. i appreciate that, congressman. one thing happened on this day which was okay. thank you, kevin mccarthy, joining us there. [laughter] we'll see you soon. thank you. and we are awaiting the moment of silence to come right now for the victims of the north tower collapse of the world trade center. we want to bring in former secretary of state and fox news contributor mike pompeo. secretary, it's good to see you this morning. thanks very much for being with me. >> maria it's great to be with you this morning on this really somber, special day for america. maria: yes. and, of course, we will never forget. we are remembering the victims, we are remembering the first responders, we are remembering where america was 21 years ago. and i want to get your sense of how things have changed as well as your reflections on september 11th, because i just mentioned a moment ago we feel like we are vulnerable once again with a wide open border, terrorists, people coming through on the te

maria: yeah.will make announcement saying, hey, everybody, we are starting to see the impact of our decisions an we are prepared to slow down this regime and see how it plays out. maria: dagen. dagen: peter, that's the hope and the fantasy and the dream that speculators and investors have been hoping all summer. the fed -- there's only one voice that matters and it's jay powell and he has made it clear the fed is not only trying to fight inflation but they are fighting against what the biden administration continues to do and that's foment inflation. we will tolerate inflation in order to fight inflation. it's shaken their psyches and you can get 4% in a short-term treasury, why put your money at risk when, again, the big thing like apple is ditching iphone production increase because demand is faltering, yeah, tighter monetary policy and weaker economy has consequences and this is going the play out not for a few months but a year and a half from now. >> well, we are not certain how long it's goi

maria: a next hour of "mornings with maria" begins right now. . . >> good wednesday morning i am maria bartiromo weaponed september 14 top requires 8:00 a.m. on the east coast, right now, joe biden celebrates as markets crash, stocks are searching for direction after the worst market sell-off more than two years on spiking inflation, the futures right now looking to have decline at start of trading extending ed's severe plungey s&p wiping out september gains as americans wereing loving money the president led a tone-deaf celebration of talking points so-called inflation reduction act. >> today, offers proof that the soul of americans, vibrant the future of america is great, the promise of america is real. it is real. it is real. maria: all right real talking points flying in face of 40-year high inflation consumer price index 8 1/3% hire than year ago more inflation doot out in 30 minutes' time the producer price index will be out 8:30 expected to be up 8.8% last year, we will see if this number uneven in markets the way yesterday's number did the last the inflation report before the f

maria: yeah. well, when i went down to the border a couple times ago, i was with several attorneys general from the united states who said every state is a border state at this point because the migrants are going wherever they want and i spoke with many illegal migrants while i was there, some were going to boston, others were going to no, s -- new york. some were going to chicago. they had all sorts of plans. they are going where they want to go. this is the last line of defense, the attorneys general. they are pushing back on this. i've been to the border five times. the clash, meanwhile, between california governor ga a vin gam and florida governor ron de santis is heating up because basically you've got gavin newsom plotting to try to debate ron de santis. newsom is challenging de santis in debate, tweeting in part i'll bring my hair gel, you bring your hair spray. name the time before election day. mitch, obviously this is a plot and a ploy by gavin newsom to have national attention and pit

maria: yeah.ot what they're doing at all. they're not acknowledging the massive amounts, 10,000 pounds of fentanyl seized, they're not acknowledging the dangerous trek where migrants are drowning on their way there. border be patrol says a human smuggler from the u.s. dragged an agent, a border agent from his car about 15 feet as he aattempted to leave the scene, fortunately the border patrol agent was not harmed and the driver and seven migrants were eventually arrested and you saw what kamala harris said the other day, she says oh, no, the border is secure. let's watch that from sunday, kamala harris, the so-called border czar. watch a this. >> >> we have a secure border, in that is a priority for any nation, including our administration. maria: what is she talking about, brandon. >> i don't say this tongue in cheek but you were be a much better border czar than kamala harris would ever have dreamed of being. you have been to the border, you have seen people that are struggling to cross the rio

maria: yeah.ean, it's as if we don't know what just happened in the last year and-a-half beginning with the $1.9 trillion covid relief package. of course that's why inflation is at 40 year highs already and they're still spending more money. >> well, that's exactly right. by the way, we're not out of the woods in terms of energy. today, markets overseas are trading higher because there's some sign that ukraine is gaining ground in this fight with russia. we cannot be relying on the ups and downs of ukrainian battles for our expectations about energy. right now, natural gas in our country is twice the price it was a year ago. we're going to stop talking about gasoline soon and focus on home heating and americans are going to be shocked at what they have to spend for home heating and this is totally a self-inflicted wound. maria: absolutely spot-on. we're going to take a short break. we're just getting started this morning. markets are trading higher as we you await key inflation d data, august cons

maria: maria: yeah.esponded to this issusish -- issue yesterdan rashida tlaib asked if the bank has a policy against funding new oil and gas products. it was unbelievable. watch this. >> answer with a similar l pell yes or no -- simple yes or no. >> absolutely not and that a would be the road to hell for america. maria: what do you sunshine jamie took that on -- what do you sun think? jamie took that on. >> that's why we love jamie dimon. he's unfiltered and he speaks truth to power and a he is willing to do that. that's what's so important. good for him for doing exactly that. i don't know a single bank president that wants to destroy the american economy. you have a lot of people in power that are pushing them to do exactly that because they have a fantasy that tomorrow we can be at net zero greenhouse gas emissions, never mind that they want to transfer the climate guilt to polluting the country so they can feel better about themselves. it's crazy. i think people like jamie dimon, brian moynihan, othe

maria: yeah. biden is still planning on raising taxes on everybody next year, right? >> oh, or absolutely. our basic goals would be to stop the spending and then to stop his tax -- he's trying to take away every tax cut that president trump made. and don't forget the regulatory part of this. i think regulations under president trump were rolled back, that really helped the economy. this president, president biden, has replacedded all those regulations and more. so those will be our top priorities along with the safety and security of your family. look, i'm the son of the chief of police. i believe in law and order, i believe in border security, i believe in a strong military. maria: yeah. and all of those policies from your colleagues on the left while also, like you said, elizabeth warren wanting to work with credit card companies to track people's purchases if they own a gun. >> yeah. again, if elizabeth warren is cheering this, americans need to stand up. this is a threat on your second amendme

maria: really?y, calling on moves to raise taxes on what she calls high earners and corporations in order to pay for president biden's agenda and more social spending. joining me right now is indiana attorney general, todd rokita. ag, it's great to see you this morning. your reaction to what you just heard from janet yellen and let me just point out, we've got higher interest rates, we've got unemployment on the move higher, likely, and now we're going to layer on top of that higher taxes. what's the impact? >> well, i don't he get on national tv to name call but the adadjective that comes to mind s dolt. it's ridiculous to think that. it's ill logical in the sense that no matter how much you tax people that you think aren't paying their fair share, but all of us, you won't be able to pay for the spending that's going on. the majority of the spending that's going on is being paid for by debt we're issuing that are going to be paid by our kids and grandkids and so it's really dishonest in addition to

maria: that's right.s meanwhile approved 44 billion-dollar takeover deal that elon musk is now trying to get out of. musk also claimed on twitter yesterday that his tweets are being suppressed. jessica, what does this all mean for the lawsuit that is set to start on october 17th, how do you think this plays out? >> the specific allegations that musk is making against twitter to get him out of the deal aren't the same as the ones we saw from the whistleblower but the judge in that case has allowed them to be entered into the case. so we will see -- again, things that are actually legal matter a lot more with problems with the company that maybe musk should have looked into doing due diligence before he agreed but twitter can go forward and push back on elon. it's sophisticated court there. they deal with the issues all of the time. i think they'll be a lot of substance that comes out of that. we will learn a lot about twitter and a lot about the deal and as you said that start in earnest in october. maria:

maria: yeah.e have bank of america strategists telling clients that wall street rout is forcing asset liquidation. that's one of those things that makes the cycle even worse with heyier -- heavier selling. we also have larry summers talking about no way of a soft landing with the principal reserve raising rates -- federal reserve raising rates the way they are. and this week we saw the 10-year hit 4% which was one of the biggest moves that we've seen in a long time at 4% on the 10-year. it ended the week off of that but, troy, what does that mean when you see the benchmark, the rate that is the benchmark for mortgages and borrowing hit a level of 4%? >> yeah. so, basically, remember, what the federal reserve wants here is tighter financial conditions, higher yields, lower valuations for equities and now lower valuations for real estate. so basically, people forget about what a huge tailwind it's been for all assets as we've had lower and lower interest rates really since the volcker era, but parti

maria: yeah.here unemployment will be if inflation's at 2%. larry sommers said it's going to go up to 6 plus percent. quincy, good to see you. thanks for being here. mark, great to talk with you. sticking with us all morning long and we're grateful. quick break and then migrants have arrived at vice president kamala harris' doorstep just moments ago. we're covering the two busses that have arrived in washington, d.c. right to kamala harris' home. we'll tell you all be about it when we come right back. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire if you shop at walmart, you know that with thousands of new rollbacks, you can spend even less, to get even more, to make life even better. ♪ choosing miracle-ear was a great decision. like when i decided to host family movie nights. miracle-ear made it easy. i just booked an appo

maria: that's right. that's what what everybody was expecting the fed to do. >> they're trying to drain liqliquidity. they're countering each other's forces. miller freedman said we could go away with the federal reserve and go to computers. computers would likely do a better job if they let free markets price where assets should be. the fed doesn't understand the concept that when you're steering a monetary policy, it's like steering a battle ship, have you to make the turn well in advance of the pivot point. they were too late to come in. they're probably going to overshoot on the way back. >> they were so wrapped up in politics. 2021, they should have been steering the battle ship. they were talking about climate change, talking about dei. if you're focused on the wrong things, not watching the horizon, you're never going to turn the ship the right way. that's the problem. maria: the federal reserve bought securities every single month in 2021. after we knew that the real emergency, the covid emergency

maria: great point. telling germany and angela merkel, don't rely on russia, don't rely on goose from russia and obviously they did and now they are hurting as a result. i want to get your take on the california politics going on in your state. going to begin sending out inflation relief checks at the end of next week, millions of residents will receive payments of up to 1,000 and $50 as the state will be banning the sale of gas powered cars by 2035 with the gas price coming at $6 and 18 cents a gallon. congressman, what's going on in california and the impact of all of these policies? what are you supposed to do? you can't have a gas-powered car, you can want afford an eletric vehicle, you have to conserve because the lights are going out. you're supposed to just shelter in place i guess in california. >> well, these are the policies that are rippling down from president biden. i might note that president biden said that there were gas prices below $3 implying that what we see in california the 6-dollar

maria: none of the money goes to veterans, are you serious? >> yeah, they are not one of the people groups included in the denver city council. maria: thank you very much for china a light on that, we will keep watching that. incredible story. dagen mcdowell, mark tepper, stay with us. the next hour of mornings with maria begins right now. good morning, everyone, thank you very much for joining this tuesday morning. ron desantis campaign pitch on the road. creating buzz for 2024 presidential run. ashley webster joins us with more, ashley, good morning. ashley: yeah, good morning, maria, ron desantis is everywhere, he as you mentioned raised record number amount of money as of september the ninth, desantis raised whopping $177.4 million for reelection campaign as you can see nine times democratic opponent with 20 million, with 49 days to go before the november election his campaign approach has been, well, somewhat unconventional spending a lot of time away from florida to campaign on behalf

maria: all right. joining the conversation all morning long this morning is adam johnson, james free pman and monica crowley. great to see ever. monica, your reaction, the speech with the red behind him, that was pretty nuts. >> yeah. there's been some reporting that there were folks in the white house who do not want him to gives this speech for this very reason because it was totally inflammatory. it was a bomb-throwing speech, completely inappropriate for any president of the united states and, frankly, with that red backdrop, i mean, it looked like despotism straight-up. i think people who vote dem, a lot -- who vote democrats, as well as independents and republicans were outraged by this. that speech was a realrevelatory moment. he is talking to a narrow radical base in his party. i think it showed a lot of people that all of these policieses on the border, on the economy, on national security, that they're all intentional. this is not incompetence, this is not by miss mistake, this isy design. he

maria: james freeman. read recent piece that jarome powell looks to paul vuker, legendary fed chair that killed inflation in the late 80's. as we know the 70's, the lesson there, inflation soared in 1974, the fed thought they had reined it in and soared again in 1979. as you look at this, do you think wall street is underrating how high rates could go? are they still not taking powell as seriously as they should? >> well, if you look at the reaction to the really hot cpi report last week, the inflation numbers that came out, right away the market said, okay, we had hoped that inflation wouldn't be this sticky. we think interest rates are going to go up. you saw the market price in another quarter point. that may actually take some of the drama out of today's meeting because markets have moved higher in terms of that whole term structure of where they see interest rates going. but james, i think, the other point is if you look at the problem that the fed had before vulker you had a weak dollar and you don't

maria: yeah.s quite extraordinary. and yet he's over there saying it's the republicans who are a threat to democracy. unbelievable. senator, we're going to keep a spotlight on this, and we hope you'll come back to continue the conversation. thanks so much for being here. >> chiangs, maria. maria: senator john thune joining us. up next, federal reserve chairman jay powell says he's going to keep hiking interest rates until inflation is under control. but ark invests cathie wood says this is the wrong way to go. you'll hear from her as well a ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq my husband and i have never been more active. shingles doesn't care. i go to spin classes with my coworkers. good for you, shingles doesn't care. because no matter how health

maria: yeah. it's quite extraordinary. and yet he's over there saying it's the republicans who are a threat to democracy. unbelievable. senator, we're going to keep a spotlight on this, and we hope you'll come back to continue the conversation. thanks so much for being here. >> chiangs, maria. maria: senator john thune joining us. up next, federal reserve chairman jay powell says he's going to keep hiking interest rates until inflation is under control. but ark invests cathie wood says this is the wrong way to go. you'll hear from her as well a this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. another busy day? of course - you're a cio in 2022. but you're ready.

maria: yeah.en reporting tentative detail wen rail companies, and unions this morning waiting to hear how that vote plays out congressman we will be watching your race thanks very much for being here. >> thank you, maria. maria: lee zeldin joining us this morning gubernatorial candidate for new york markets searching for direction, in the middle of all of this breaking news, we did have, the ppi cpi numbers out this week, of course, indicated inflation continues to be a severe problem, for this economy the dow industrials right now down 46, s&p down 13 nasdaq lower by 65 joining me wells fargo investment institute senior global market strategist scott wren good to see you we are wieth in a few minutes economic data we've got retail sales number import prices jobless claims out four minutes or so what are you expecting how do you characterize the macrostory right now. i think the macrostory is deteriorating, the federal reserve don't want a strong retail sales number in a few minutes they want all

maria: good friday morning. thanks so much for joining us. i'm maria bartiromo. it is friday, september 23, top stories 8:00 a.m. on the east coast. interest rates moved higher across the world nation largest ceos say recession is the right risk to take jamie dimon on capitol hill. >> most important to avoid stagflation, stagflation is the most damaging to every part of society every industry all income levels, and, therefore, i think important to get hands around inflation quickly as possible. maria: we are taking a look at the economy the a sell-off in stock prices, and the rail unions yet to vote on that tentative deal this morning stocks selling off dow industrials down 344 points s&p down 47, nasdaq down 156 as interest rates soar, following federal reserve 75 basis points hike this week, fifth rate hike third straight 75 basis points move this year stocks down again yesterday, take a look, the dow industrials, down at 4:00 on wall street, by 107 nasdaq down 153 one and a third percent s&p nasdaq hand dow finishing lowest level since june, the dow and nasdaq

maria: taking open, jump in. dagen: i -- maria: dagen, jump in.arket was already in a deep crisis before the storm hit. six insurers, private property ininsurers have declared insolvency m they the last year. the state run insurance fund of lasresport doubled the number of floridians it has to insure, the number is well north of 1 million policies now. people have lost their private insurance, premiums if they can get it have been skyrocketing and this is a flood event so you're potentially looking at a lot of individuals who were uninsured or underinsured. a lot of people if you don't have a mortgage they might not are have flood insurance and so it could wind up requiring a bailout by the federal flood insurance program for many, many people. >> yeah, i think we'll have to see how that plays out. as i mentioned, the insurance taken care of ahead of the storm is really important. what we expect to see is insurance companies have really stepped up and taken care of people, so as that happens and people get their lives back to r normal we see a lot

maria: remember if you mr. unauthorized history of socialism summit earlier, you can catch it right now on fox nation in delaware friday at 8:00 p.m. right here on fox business, i am "kudlow", see you tomorrow. maria: good thursday morning, thank you for joining us i am maria bartiromo it is thursday september 22, your top stories right now 6:00 a.m. on the east coast, today higher interest rate in recession stocks are inching higher after a selloff yesterday down industrial 43 but the nasdaq is negative extending yesterday's losses down another six on the feds for straight interest rate hike in the third 75 basis point move as federal reserve officials admit the rate hikes will take economic growth down and unemployment up. >> we've always understood that restoring price stability w whie achieving a modest decline or rather increase in unemployment and a soft landing will be very challenging and we don't know no one knows whether this process will lead to a recession or if so have a significant debt recession

maria: right. well, look, we have this wide open border problem and the mainstream media is just beginning to understand this and obviously he's trying to connect dots that do not connect. california governor gavin newsom, meanwhile, is pushing back against florida governor ron de santis, newsom claims he broke the law by flying the illegal migrants to martha's vineyard in massachusetts. watch. >> yeah, i mean, look, it's clear that de santis broke the law. the question is which law the did he break? did he break the laws of his own state? did he break federal law? but one thing he did is he broke precedent, any precedent of decency and honor, lack of character on display. he comes into another state, your state, to try to find ponds in a political -- pawns in a political game, rounds them up, sends them to an island and then fund raises off it. maria: newsom also signed a bill allowing illegal immigrants to now obtain a state id in california, rob. >> so in other words, he has no idea what laws, h

maria: welcome back.akers up against the clock to aelevator government shutdown this week senate voting on a short-term funding bill tonight would keep things running until december 16. the bill final draft will include, between joe manchin's permitting reform received pushback being from proves and republicans joining me texas congressman ranking member house ways and means committee, kevin brady congressman always a pleasure to see you. thanks very much for being here this morning. >> good to see you you maria. >> so are democrats reneging on joe manchin's permitting language in this bill? what do you expect to happen. >> yeah short answer is yes, they are they didn't make that commitment, schumer did they don't feel like they have to live with -- truth of the matter is maria, i think it probably isn't worth paper written on because even if the president signs it administration is not going to comply with anything that streamlines energy,'s toss natural gas in america they will simply ignore it so, as y

maria: yeah. dagen: well, idiocy flourishes in broad of daylight based on this piece that this woman wrote. there are several things going on there. the actual ideasss in the piece are laughable, if not horrific. the, oh, housing prices may finally come down to reasonable levels. what about people who borrowed money to buy a house and then the price falls and then you're underwater on your mortgage? how about that scenario? all of these ideas -- this is -- she's really gasping for some -- here for anything to say. but the bigger picture, and i wrote personal finance columns for years and i worked for smart money magazine and they really produce-i've been part of the problem -- bad journalism. and so i think this headline is the biggest problem in all of this. it's like loudly passing gas on a very crowded airplane where you're just looking for attention. and any even negative attention is good enough for somebody who, you know, wants the spotlight. maria: yeah. it's just incredible, kaley. i thoug

maria: yeah.and you're identifying areas to hide in during this upset. but wolfgang, what i was saying is, what industries are getting impacted the most from this squeeze from higher interest rates? because you have seen demand destruction in housing and the journal yesterday wrote furniture companies because they're attached to housing. are there any other areas that you think are most vulnerable to higher interest rates for potential hit on profits? >> i think it's anything that's related for example to appliances is going to be all of a sudden you're going to be able to get your appliances before byou were waiting for a while. anything that's related to building house as it slows down you'll have a slowdown in those areas, appliances certainly being another one of those but as you say correctly is we have all of a sudden not free money anymore, mortgage rates over 6%. you remember in the volcker and carter days everybody was excited we broke under 10%. we've had a significant increase in real e

maria: very sad.n: heartbreaking at the same time this is a city that a statement of how quickly the problems get out of control. and there's no one in charge, trying to take command of what this downward spiral only way i can describe it. maria: they let the quality of life he deteriorate making of a democrat policy refused to transition out of homeless shelter helping them, transition from welfare to work programs job training to help people be sustainable during time of labor shortages so we can help people transition, but they do not do that, crime they refuse to fix bail law, okay? they refuse to fix sanctuary policy that protects individuals even if they commit crimes here, they are protected from deportation, again, drug traffickers running our streets right now governor refuses to fix the bail laws to put them in jail, in brooklyn i represent we had burglar east, they think it is a joke taxpayers getting fleeced he allows that to happen. maria: i grew up there we've got a video to show you a w

maria.r having me this morning. what the fed's doing, what the speakers following powell are doing are just repeating the same message that he started delivering a few months ago and emphasized during jackson hole which is, listen, we're basically a single mandate central bank, we're going to get inflation under control no matter what a and that means higher rates for longer and sort of damn the consequences. he said during the press conference, he took every opportunity to say we want to see growth go below trend, we want to see unemployment higher. they're telling us very clearly what they want to happen and they have the tools to achieve that. maria: and yesterday was pretty much a mimicking of that. you had the president of the cleveland federal reserve, loretta messter, saying it's better for the fed to the do too much instead of too little to combat inflation, she says, quote, when there is uncertainty it can be better for policy makers to act more you aggressive hadly because aggressi

maria: yeah.id he's not signing any funding bill for the government unless there's money going to the border, funding border patrol. we are, what, 43 days away from the midterm elections and the gop came out with their commitment to america. steve scalise joined me yesterday and talked about that. watch this. >> most important about the commitment to america is we're showing the country that there can be a better way. we don't have to have this as the new normal where inflation is out of control, energy costs are unaffordable, we have a border that's wide open. the commitment to america is showing people if you elect republicans to replace the democrats who are voting for socialism we can confront the problems and we're showing the country the bills we would bring to a republican house floor to address the problems that joe biden and nancy pelosi and far left socialist friends have he created. maria: todd piro, that is exactly why you are seeing the gop come out swinging with 43 days before the mi

maria: right. dagen: during summer months off, truly important to american people. >> you wade for college? >>. james: so far. dagen: making pay him back. uflt, wanted to be educated so, so far, i think to that point, it is -- there is a a fundamental unfairness hits a lot of people if they haven't seen gotten benefit maybe trying to play political catch-up with that but also means there is no the reformer at universities need to be reformed they need ways to offer better deal for people. but, i think the damage is done inflation, and food prices, as i mentioned not seeing relief, energy prices, being electricity utility gas services skyrocketing over the last year i think that is the key issue, and should be, and that is what is reflected in the polls. >> new nbc news poll 63% voters say they can't make ends meet at this point because incomes did not keep up with hire living expenses economy top issue for voters i have midterms one thing we haven't talked about is rail deal, will the administratio

maria: yeah.s quite extraordinary. and yet he's over there saying it's the republicans who are a threat to democracy. unbelievable. senator, we're going to keep a spotlight on this, and we hope you'll come back to continue the conversation. thanks so much for being here. >> chiangs, maria. maria: senator john thune joining us. up next, federal reserve chairman jay powell says he's going to keep hiking interest rates until inflation is under control. but ark invests cathie wood says this is the wrong way to go. you'll hear from her as well as former kansas city federal sec reserve president thomas hoenig, when we come back. nice try. really? this leon's paying for his paint job on the spot... and this leon, as a chase private client, he's in the south of france, taking out cash with no atm fees. that's because this family of leons has chase. actually, it's león. ooh la la! one bank for now. for later. for life. chase. make more of what's yours. another busy day? of course - you're a cio in 2022. bu

maria: yeah.t's quite extraordinary. and yet he's over there saying it's the republicans who are a threat to democracy. unbelievable. senator, we're going to keep a spotlight on this, and we hope you'll come back to continue the conversation. thanks so much for being here. >> chiangs, maria. maria: senator john thune joining us. up next, federal reserve chairman jay powell says he's going to keep hiking interest rates until inflation is under control. but ark invests cathie wood says this is the wrong way to go. you'll hear from her as well a research shows that people remember ads with young people having a good time. so to help you remember that liberty mutual customizes your home insurance, here's a pool party. look what i brought! liberty mutual! they customize your home insurance... so you only pay for what you need! ♪young people having a good time with insurance.♪ ♪young people.♪ ♪good times.♪ ♪insurance!♪ only pay for what you need. ♪liberty liberty. liberty. liberty.♪ another busy day? of

>> right maria.' way congratulations and own rea few weeks you're getting a very great national honor from the national italian federation soia congrats and well earned on-n that. if you seee th what's happeningn europe b, they're actually goint is all this big government socialism. they wrecked their economies just likn ha wree joe biden stao wreck ours by going towards a screen new deal. they're shutting off fossil fuels becoming more dependent o companieths like russia and they have seen the fallacy of it. you saw with the trust in britain now maloney, hopefullyin in italy where the voters the people in these communities area gettinusg crushed. the low income families because the high cost arising up against the far left socialist governments.h think you're going to seine that in america as well. it is interesting to see that europe is leading the way byke throwing out socialist with conservatives and great bold conservative women like maloney and trust.er exciting tvao see it in europe.g resuming

maria: okay. so he may run he may not run joining the conversation all morning long dagen mcdowell, mitch roschelle dagen reaction. dagen: pandemic is over why did he extended the moratorium making student loan payments until end of the year? that was pandemic policy they like spending money the backlashing biden and companion making federal reserve's jobs harder fighting 40-year high inflation core inflation picking up steam you are looking at financial armageddon in a leveraged economy but they keep sending money, quite frankly, he only admits pandemic is over case american people -- democrat and republican, turned begins this administration. for the great burdens, particularly, the destruction of children's lives, futures because of siding teachers union, american people told him the pandemic was over. and now than to fauci is out nobody to be covid mouthpiece. maria: president dismissed questions about age mental capacity, here is texas congressman ronny jackson was white house physician, for

maria: wow.busses that were provided for all of the heads of state who were there, president biden of course is there but was able to take the beast, the total motorcade that he traveled in, he and jill biden. i want to ask you about the economics of her legacy. king charles, who is already worth $440 million will not have to pay tax on the inheritance from the queen. is everything being left to charms? charles? what happens to the queen's fortune? >> it's a very good question and of course king charles the third continues a legacy of queen elizabeth the second. you mentioned the issue of course of finances. and i would argue that the royal family of course generates a huge a amount of income in terms of, you know, the large numbers of tourists who come to britain of course to visit royal sites and so on and the royal family of course is really in many respects really the symbol of what britain is all about on the world stage and i would say th