maria: it's funny.the realization hit there's no way 2% will come any time soon, maybe jay powell moves his expectation up to what you're saying, 3%. i don't know. but we heard dennis say probably not. what do you think? >> dennis, i think take too what we've seen especially with jerome powell, he admitted in press conferences that not it's data he dependent, but how quickly on a dime they actually will react to data. we've got the final read on fourth quarter gdp today, we're going to get pce tomorrow. how much do you think they're factoring this into what their decision making on one hand and political pressures on the other hand? >> i don't think political pressures are really part of the picture. you know, certainly there's always a lot of noise and we've had some testimony recently, particularly on the supervision and regulation side where michael barr was pretty badly beat up and others were criticized. but you know, i've been in -- i was in the room for 10 years and political considerations almos

it's not a level playing field, maria. maria: yeah.his point, president trump is using it as his campaign message because it's right will and obvious to everybody what's going on here. we need more information, and i know that james comer is trying to request that. but you made a really important point that it was the chinese bank that gave you the hunter biden records, not u.s. banks. >> no, again -- [laughter] that is a very interesting development right there, that a bank from china, let's face it, the communist party controls those types of institutions. they willingly gave us the documents that backed up the treasury records. another example, by the way, of unequal application of justice, remember how the fbi tried to pay christopher steele a million dollars of the him verify the steele dossier which they knew was russian disinformation as early as october 2016, yet when they got the hunter biden laptop, they were told do not look at that laptop. we also had whistle whistleblowers say that u.s. attorney weiss doesn't have the reso

maria: great to have you this morning. next hour of mornings with maria begins right now. word on wall street. payne capital management ryan payne, fund portfolio manager adam johnson. market that is rallying once again, 62% of americans are living paycheck to paycheck and many finding side hustles to make ends meet, do you still think we are going to avoid a recession? >> yes, inflation is relatively high and average american is feeling the pain or feeling the pinch. bottom line is we have a very strong labor market. we have wages that are going up and you're starting to see inflationary pressures come down. you know, just look at friday we will have the pce price index come out, you're starting to look at oil prices have come down significantly. you're 3 and a half percent on the 10-year treasury. disinflation has started. ironically the whole banking situation that has happened force banks to get loser quick quicker. i'm a simple man. if you look at gdp now for atlanta fed, they said 3% growth in the first quarter right now is what they are tracking. i don't think we ar

maria: good point.ntrol of where your tax dollars go, biden and the left are putting that money into woke causes but they went after your body, see the last 3 years, they went after your children in schools, changing what you do and they went after your kitchen with gas stoves, 401k was the one that they couldn't enter into and now they are in that too. maria: yeah, not only that but a lot of these things are unconstitutional but he throws the wrecking ball and, you know, he basically gets the public to accept it before the supreme court can say it's inconstitution, that's what he did with the vaccine mandate and student loan debt as well. >> yeah, i mean, he continues to push his agenda which is not the agenda of the american people. in fact, they are polar opposites. when you look at 401k plans here, i think we work with like 800,000 holds and i can tell you of all the clients we work with, their mo for 401k that is plug and shakeout pilot money, we will get cute and sophisticated with outside investm

maria: yeah. well, sure. people use that as a hedge when they see uncertainty and a weakening macro story, john. what about that story? disney is beginning its first of three rounds of layoffs this week. they're cutting 7,000 jobs, total. the stock up 10% year-to-date. lyft appointed a new ceo as the company struggles with competition, that stock down 12% year-to-date. and then there's meta, increasing employees' performance reviews, planning to lower bonuses for some. can company says it's optimizing for the year ahead. that stock is up 68% year-to-date. john, how do you read all of these layoff announcements and the employment situation today? >> well, maria, you know, we've had i think 300,000 layoffs in high tech and yet the labor market is still doing well. we had about a half million new jobs in january, 300,000 new jobs in february but i think one hinge we want to note is that many of these jobs are for relatively low paying industries. for instance, if i just look at healthcare, private ed

. ♪ maria: good wednesday morning, everyone. thanks so much for joining u i'm maria bartiromo.t is wednesday, march 29th. your top stories, you 6:00 a.m. on the east coast. today asleep at the wheel, the charge from senators on bank regulators after bank collapses last month. it's day two of testimony where the federal reserves vice chairman and fdic chairman will go under oath before the house financial he services commit. committeetoday after yesterday'. markets this morning are rallying, take a look at the strong move we've got in early going. with more than three hours before the opening bell, the dow industrials up 257, three quarters of 1%, the nasdaq higher by almost 1%, 119 points higher there and s&p 500 higher by 37. 37 as we look ahead to the last read of the fourth quarter gdp out tomorrow morning and the pce index on inflation out on friday. ubs announcing the bank is bringing back the former group ceo, taking back the reins after acquiring credit suisse. details coming up as ubs shares rally better than 2%. european markets firmer, banks are leading the way, the f

maria: wow.musk agrees, he tweeted trump will win a landslide in 2024 if this happens, if we see an indictment tomorrow. i want to get your thoughts on the bank records, you heard what james comer told me, there are 11 other deals. your thought on this? isn't it d interesting seven yes ago trump has this agreement with stormy daniels and we have an indictment expected tomorrow. hunter biden, they're investigating him for five or six years, the fbi has had the laptop since 2019. >> well, that's what's so extraordinary and i think really what the fbi has done is so lax and so wrong. they really appear to have been covering and this delaware investigation's been going on since 2018. what takes them so long? they just seem to be kicking the can down the road. i think that james comer is doing a terrific job just forensically bringing out particularly the money trail but also of planning to depose various of hunter biden's business partners. we know from the laptop that there is tens of millions of do

maria: yeah. i understand what you're saying. people do not want to see the government coming in and doing bailout, it's much better to see it from the private sector. but what about the safety of these banks, quincy? i mean, what do you think about these regionals where there are worries about deposit run. where are we in this process as interest rates are expected to stay elevated and perhaps we'll see another hike from the fed. >> exactly. one piece of good news that we've had overnight is that the amount of money going in from the regional banks and small banks into the large money center banks has actually slowed, indicating that perhaps depositors feel more secure staying in their local banks. the other part of this sorry, he though, is had take we're seeing hedge funds come out and hunt for weak banks and doing what they did the in 200 of 8 and 2009, maria, the they go in, go after the bonds, push up insurance on the bonds, credit default swaps and short the underlying stock. this is someth

maria: dr.till insists covid-19 did not originate from a lab, telling "the boston globe," quote, i don't see any data for a lab leak. this after the nih funded ecohealth alliance which sent that money, the funding, to the wuhan lab for gain of function research. senator cotton spoke with me on thursday on fox business' "morning s with maria" about the initial response to the originsn the early part of 2020 was a conspiracy of silence among liberals and the media and the federal bureaucracy and democrats in congress to try to suppress the common sense, evidence-based conclusion that so many arkansas ans has reachedded that they were responsible because of their negligent practices in this lab for unleashing this pandemic on the world. that's the only conspiracy theory that was circulating around. and unfortunately, you still see that that conspiracy of silence. maria: yes. to this day, communityist chew -- communist china has not been forthcoming and has not been held accountable for the virus wh

♪ maria: welcome back.t is time for the word on wall street, top investors watching your money, watching me right now is ryan payne and adam johnson here throughout the morning. great to see you, thanks so much for joining the conversation, ryan. here we are on fed day. futures fractionally moving, we're all waiting on whether or not the fed because the or count. nasdaq down 14, s&p higher by 1 is.5. what do you think? the market's fully pricing many a quarter-point hike, there is a 15% chance that the fed does nothing. by the way, elon musk weighed in saying the fed should drop the rate by at least 50 basis points on wednesday. elon wants a cut, ryan. >> i love elon, right? he's always provocative. and, look, he's selling autos, and awe eaus want low financing costs, so it's if his best interests to have rates go lore. but he did make a good point, if you keep raising interest rates even 25 basis points, that increases short-term treasury rates which if you're a depositor in a bank, there's more incentive

maria: 75, 100%

maria: wow.den in baltimore yesterday laughing while talking about a mom who lost two children to fentanyl. the president blaming trump, responding to this tweet as well from congresswoman marjorie taylor greene who claimed the biden administration is responsible for the deaths. arizona border agents confiscating nearly 600,000 fentanyl pills during a three day period last week, smugglers attempting to hide the drugs by lining the interior of a car and strapping it to their bodies. joining me now, new york congresswoman, claudia tenney. joining the conversation all morning long, fox and friends first co-host todd piro. thank you for joining us, todd. congresswoman, thank you for being here. the stories just keep getting worse in terms of fentanyl. is there anything that you see on the horizon that could be a catalyst for this to stop? >> well, first of all, we're trying in the house to do anything we can to get the biden administration to actually comply with the laws that were existing under pre

maria: yeah. i want to ask you about those pockets of stress, dan, because when you look at what happened to silicon valley bank, their deposit structure was venture capital firms, tech companies. this was the negative. we know that there's a lot of layoffs going on within tech. then when you look at signature bank, the fall there was largely due to commercial real estate. and, you know, these are two areas that are vulnerable, commercial real estate, technology. what are other potential blow-ups? where are you looking for potential worry signs, and how do you want to avoid them? >> well, the problem is it's hard to avoid them when inflation is really the issue. it's, the other things you mentioned we're negative on, right? if you go back to some of the cushions you and -- discussions you and i had late last year, we were worried about private equity because they've got a lot of money in commercial real estate. you have more redemption than their ability to meet in some cases. but the core issue h

maria: gerard cassidy. it's time for the word on wall street, joining me, mark tepper, kevin drier and gerard cassidy is sticking with us this morning on the banks as well. mark, kicking things off with you. you heard what gerard just said in terms of buying banks right here. do you agree with had what? what's your take on the macro story later this year. >> i don't know that i would be buying banks right here personally. as we mentioned earlier in the show, i'm very concerned about commercial real estate loans and i think when you look at the bigger banks like the jp morgans, the bank of americas, i think those banks are all fine. i don't see any issues there. when you look at the smaller regional banks and where i believe commercial real estate loans are going to become a problem as delinquencies go up, as defaults go up, when you look at the big banks, the jp morgans of the world, those commercial real estate loans make up right around 5% of their assets. when you look at the smaller regional banks that

maria: yeah.nd meanwhile, we've got it all on tape talking about politics, while he was running for manhattan da, alvin bragg was bragging and campaigning as the man who could take down former president trump. watch this video. this is from just two years ago. watch. >> i'm the can candidate in te race who has experience with donald trump. i was the chief deputy in the attorney general's office. we sued the trump administration over 100 times. i know how to litigate with him. maria: he's the guy to take down trump, guy. [laughter] >> i got to tell you, maria, how can this guy not recuse himself? how can he stand before the public while he's declining, while he's declining violent crime cases, cases that really matter, and prosecute the ex president of the united states and then what the icing on the cake to me is when we found out yesterday that his office won't allow -- if he is indicted and he will be, if they ask the grand jury to do it, if he is indicted, his office will not allow the presiden

maria: yeah. the thing, i mean nobody believes any of them anymore, everything is trump's fault now, even joe biden is blaming the republicans for the wide-open border come on, nobody believes that, as the republicans have been attacking this white house's policy on the border since he walked into the white house. >> maria i just got to add one thing, the democrats pretend that inflation is marginal imaginary foes man driving his car directly responsible for the rain falling from the sky? it is so -- insane that they will not acknowledge, that they are spending particularly the fiscal stimulus last few rounds causes hyperinflation caused silicon valley bank bank to fail put us in sayings we are in. maria: the end of the year before republicans took gavel they jammed through another 1.9 trillion-dollar omnibus having not going to admit it let's take a break look at markets this morning a big rally after failed serve as acquired by first citizens, joel shulman breaks it down when we come right back,

maria: next week. sit's ken griff fin saying, quote, last year with inflation at record highs it was a traumatic experience for american households, the setup for a recession unfolding. brian moynihan said our base projection is for recession to occur in the u.s. economy beginning in the third quarter of 2023 into the first quarter of 2024. so adam, we talked about the likelihood of a recession. >> right. maria: they're pushing it out, push it out, pushing it out, end of year, into 2024 because of the lag effect we're talking about. >> it's the lag effect and also remember if you're a ceo, you don't want to sound overly enthused. you want to -- what is it, what's the expression i'm looking for, not guiding expectations, measuring expectations, there's a -- you know, whatever it is. maria: yeah. >> but you would of much rather -- maria: setting expectations. >> thank you. setting expectations. you would rather say we are cautiously optimistic but in case things get worse here's what we're doing. if that

maria: yeah.'s also important to point out that now regulators are saying, look, it's not the realistic for us to secure all deposits everywhere, but they were sure to protect the deposits of those chinese start-ups that had accounts at silicon valley bank, a number of chinese companies got their deposits secured. so we're going to talk with tom cotton about that. congressman, it's good to see you, thanks very much. bye ron donalds in florida this morning. >>> quick break and then america's adversaries are pouncing on america's weakness as chinese president xi jinping gets set for a 3-day trip to moscow tomorrow to meet with russian president vladimir putin as russia's brutal invasion of ukraine is now in its second year. arkansas senator and armed services committee member tom cotton on that, and also we'll talk about those chinese companies getting a bailout from u.s. regulators. stay with us. ♪ ♪ i think i changed my mind about these glasses. yeah, it happens. that's why visionworks gives you 1

maria: next hour of mornings with maria begins right now. all right, it is time for the word on wall street, top investors watching your money. joining me michael lee strategy founder, michael lee, katherine rooney vera and mark tepper, great to have everybody this morning. mike, kicking things off with you with nice strong rally underway this morning. riddle me this, mike, what the heck, jp morgan ceo jamie dimon working with big bank ceo's to craft rescue plan, studying way that is the fdic could expand to cover all deposits lost in banking crisis, mike, and then, of course, you have worries about the federal reserve rate hikes that are continuing to slow the economy and we are expecting another anyone tomorrow and what do we have on wall street, a market that's up 300 plus and 250 right now. mike: maria, i think this banking crisis is one of confidence more so than structural issues. i think it's unique issues at silicon valley bank that have bled across into a few other banks that were in this venture lending space but beyond that, there

maria: great point. >> for sure maria. we will raise rates sooner higher, to get control of inflation. it is now out of control. maria: yeah. >> i think, frankly i don't know how you avert, the serious financial crisis where we are right now i don't have any idea how you do it now more distinct possibility. maria: this issue around wages tight employment mart what do you see in terms of jobs jay powell yesterday called labor market extremely tight, ken, this morning we get news you that president biden is proposing a 5.2% raise for federal employees in his budget, so the budget is going to be out tomorrow, and, going into it, leaking the story going to propose a raise for federal employees largest boost ken in 43 years, if you are raising wages right now what does that do for tight market that we're already suffering under? i mean don't get me wrong it is good that employees have seen their wages go up, but it is a problem for businesses, look at home depot recently saying they have to spend a billion dollars because of th

maria: yeah. i mean, you know, you got canceled if god forbid you mentioned ivermectin or high dhyhydroxychloroquine. i took both of those. i was fine after two days. those drugs worked. they the didn't want you to know it worked. >> exactly. its was a scripted approach. we were not allowed. the number of serious scientists and doctors from acreditted medical institutions like stanford and johns hopkins that were not allowed to go on public networks or social media to talk about what they had seen as a way, to your point, as therapies which actually worked. i mean, that just boggles the mind. at the end of the day, we had the worst deaths per capita of any developed country in the world. somebody should be held to account for that. fauci of was the guy in charge. maria: it was all a coverup that he did not want to be exposed for actually funding the eco health alliance which sent the money wuhan for gain of function. we'll be talking to brad wenstrup coming up this morning at 8:00 a.m. eastern. we

maria: that's what i'm saying. jinping arrived in moscow this morning for a three the day state visit and talks with russian president vladimir putin. this after the international criminal court issued an arrest warrant for you putin over alleged war crimes committed in russia's war on ukraine. beijing is calling the visit a, quote, trip for peace, where he is expected to push for cease fire talks between russia and ukraine. joining me is the gatestone institute senior fellow, author of the coming collapse of china and the great u.s. china tech war, gordon chang is here. great to see you. >> thank you so much. maria: what do you make of this? china trying to show diplomatic leadership across the world, bringing saudi and iran together and now this. >> well, xi jinping has got a much more difficult job between russia and ukraine. the iranians and saudis, they sort of wanted peace. but not russia and ukraine. both think they need to continue to fight. but the thing here that's really fascinating is that the you annou

maria: yeah.termines the cost of capital because if you examine the impact of central banking on economic performance, central bankers are not going to come out looking very good. maria: judy, great to get your insights this morning. thanks very much. >> my pleasure. maria: judy shelton. we'll be right back. stay with us. tter... together. like your workplace benefits... and retirement savings. with voya, considering all your financial choices together... can help you be better prepared for unexpected events. voya. well planned. well invested. well protected. i'm a new york hotel. i'm looking for someone who needs a weekend in the city. you hungry? yeah, i know a place. it's the city that never sleeps. but hey, if you need a last-minute spot, i got you covered. hi, i'm michael, i've lost 70 pounds on golo. i spent thousands on other diets that didn't work. on golo, i spent a couple hundred bucks and got back down to my high school weight. you're not gonna believe this thing is possible but it is.

maria: wow. ouch.e centrist solution, former independent connecticut senator, former vice presidential no, manomineeand united against nucn chairman, joe lieberman. what do you make of the comments. >> i know ronnie jackson. we were at the security conference together. i like him a lot. i'm actually very well qualified to answer this question about president biden's age because we're pretty much the same age. as a matter of fact, i'm about seven or eight months older. i feel mentally competent and i believe the president is as well. this is really ultimately not just a health question. of course, it's a political question. because if the president runs for re-election, which it sure looks like he will do, then people will be watching him for signs of his own mental difficulties. so either he's going to answer this question by the way he acts or he'll decide on his own that he wants his doctor or some doctor to give him a test and then as a third party statement will be the answer to the doubts and the

maria: i see.ina, i want to quarrel with this idea that it's a debate between fighting inflation and maintaining financial stability. inflation, the created inflation is how we got the instability. it's going to create more instability if it's allowed to run. isn't there an argument that job one is maintaining the value of the currency? >> i think the immediate job right now of the fed is to focus on the instability of the banking system. and i think their second mandate right now is inflation. so that's why i do think that they probably shouldn't raise rates today. i think they should wait and see. all of the interest rate hikes for the past year, it's been 12 months now, they haven't fully worked their way into the economy. the labor market is loosening. and i do think that this is a big deflationary shock to the system so i think they should -- maria: we are all on watch. thank you for joining us this morning. game stop is up in the premarket, shares soaring after posting fourth quarter profits

maria: okay. the cost of energy affects every component of commerce whether it's agriculture, whether it's manufacturing. each and every individual part of commerce is affected by the out of control energy prices. maria: yeah, i think we see more americans understanding that very clearly but congressman i i want to switch gears and ask you about your thoughts from the coronavirus subcommittee because new emails now reveal that dr. anthony fauci commissioned a february 2020 paper to discredit covid-19 leaking from the lab in wuhan. this happened weeks before pretending that he wasn't involved in this new study that was commissioned at a white house press conference, congressman, we know that james comer as well as jim jordan have told us that in the early days of the coronavirus in 20 to there was a phone call that occurred between fauci and collins and some other doctors where the other doctors said it is likely that this could have been engineered and likely that it came out of a wuhan lab and ye

i'm maria bart romo -- maria bartiromo. another stock market selloff monday morning. because of the failure of silicon valley bank. bank regulators trying to come up with a buyer for the failed technology lender. is a bailout coming? speaker of the house kevin mccarthy on the first major bank failure since the first financial 2008 meltdown. as joe biden defends economic policy and promises a budget of more spending and higher taxes. >> when we talk about 28% tax rate, ronald reagan was 28% tax rate. that wacko liberal guy. maria: then the 2024 presidential election is on. florida governor ron desantis makes a stop in iowa over the weekend sparking questions as to when, not if, the governor is about to join the race for president and try to take florida's success across the country. >> the state of florida, we're the fastest growing state in the country, number one for net in migration in the country, number one gdp and economic growth amongst large states, and that didn't happen by accident. i mean, that's a result of the way you lead, the values they uphold, and the

maria: welcome back.iden now claims it's republicans who want to cut funding for the border security. he tweeted out this. gop proposals would slash funding calling it a move, quote, that could allow nearly 900 pounds of fentanyl into the country. joining us now, congressman greg murphy. congressman, it's good to see you. thanks very much for being here. >> good morning, maria. maria: so we know you've been to the border, all your colleagues have been raising the red flag about the wide open border. how is it possible that joe biden gets to tweet out that it's you and your colleagues that want to cut funding for the border and allow all the fence m nil to flow into the -- fentanyl to flow into the country. >> maria, it's ridiculous. it's fairytale kind of speak. if you look at what's happened with the border over the last two years, the amount of fentanyl that poured over the border subsequently we're seeing record amounts of people dying from drug overdoses, even to the tune where the cost of fentanyl on

. ♪ maria: good thursday morning, everyone. thanks so much for joining us, i'm maria bartiromo.t is thursday, march 23. your top stories right now, you 6:00 a.m. on the east coast. today, the fed's tight rope, stocks are rallying this morning as investors expect the fed's rate hike campaign to soon come to an end. take a look at futures, a gain at the start of trading this morning of 67, nasdaq up 130 right now, s&p 500 higher by 20 after the federal reserve raised interest rates yesterday by 25 basis points but indicated the stress around banks will likely cause it to pause at upcoming meetings. also, the swiss national bank this morning raising interest rates by 50 basis points as we look ahead this morning to the latest economic data. we've got jobless claims out at you 8:00 be 0:00 a.m. eastern -- 8:30 a.m. eastern. interest rates this morning look like this. 10 year treasury yield is up 3 almost 3 basis points. yesterday the dow saw the worst day since march 9. the dow industrials down 530 points at the close. nasdaq a was down 190. s&p 500 lower by 66. european markets loo

maria: yeah. >> and rates have a significant impact and then you have the real estate round table just came out with a public letter to the regulators asking to bring back the troubled debt restructuring program, tdr which was brought up during the great recession in '08 and '09 to allow banks to make loans instead of market to market and essentially what the fed has done with spb and the rest of the banks to allow them to maybe extend and pretend but literal i will go back to what the original par value of the loan was instead of where the market would take you. maria: this is exactly what stephanie pomboy has been talking that we will see a trillion dollars of debt rolled over and banks included will not be able to keep up with this higher rate. i want to get your take on that, kathy, as well because you think the fed is going to be raising rate this is year. >> we think we will get another raise in may 25 base points and next year start cutting and it affects commercial real estate. it's going

maria took the samples for testing.: one of the bottles that i grabbed from his bedside table was later tested at the bundeswehr lab, that's an army lab in germany, and this is where they found a trace of novichok, the chemical nerve agent. eric: now, the significance of novichok, that to you meant the kremlin must be responsible. maria: absolutely, novichok is essentially just-- it's pretty much just putin's signature on ts crime. it's very easy and very obvious that no one but from the state has access to these sort of things. eric: putin denied any involvement. eric: navalny emerged from his coma determined to find the assassins and expose them on his popular youtube channel. eric: working with the investigations group bellingcat, his team soon pointed the finger at the russian security service, the fsb. eric: they identified the fsb agents who'd been shadowing navalny in siberia. navalny set out to trick them into confessing. eric: sitting alongside maria pevchikh, he called fsb team members, posing as a senior offi

maria: yeah. i won p wonder if that means me regulation as dick is talking about in terms of the impact on those banks, what does that ultimately mean for shareholders? >> so, again, dick is right. but maria, we have to go back. the regulations were changed in 2018. they were relaxed for the regional banks that were 250 below and that probably should not have been done. they used to have to go the through a rigorous annual stress test just like the larger banks. so the regulators probably failed here and now they're going to have to come back in and they're going to have to fix this. maria: yeah. dick, do you have a favorite bank stock right now to buy? >> well, you know, i actually would be buying first republic right here because there's no question about the fact that you're right that deposits are moving to jp morgan but the government doesn't want to see that. nobody wants to see that. they don't want to see deposits pooled up in huge banks so they can be loaned to huge companies. they want m

well, i mean -- maria: jump in here. >> thank you, maria.s not just an opportunity but a quasi mandate to get government employees inyou vesting in funds that -- investing in funds that are supporting doing business in china. it's one thing to demonize the chinese and try to enact ways to stop them. what can we do at home to just be better, whether that's opening federal drilling land to u.s. drillers so we can use a strategic asset. what's the stuff we can do where we don't necessarily have to deal with china? maria: real quick. >> i think shoring up our own economic self sufficiency is the number one geopolitical tool in our arsenal, vis-a-vis china and russia and fossil fuels and new clear energy are at the top of the list, not just for economic security, that is for national security. that's the top priority for me. maria: during covid the ccp propaganda threatened they wouldn't send the prescription drugs that america needs, chris wray confirmed last night that covid-19 leaked from the wuhan lab china. dr. fauci a is still in he denial.

maria: welcome back.utes away from the open, dow industrials up 58, nasdaq the down 120. the cbo says we're going to have interest rate payments of $10 trillion in the coming 10 years. >> interest rates keep going to the new highs, the cbo's estimates are we're going to see the economy elevating, likely underestimating, which is typical concern the. maria: big story. >> -- to push rates much higher and cost of debts much higher. it's. maria: it's been a great story. >> put down the tiktok, not just mrs. borelli. maria: thank you so much, joe, todd and we appreciate you joining us. we'll see you tomorrow. "varney & company" begins now. stu, take it away. stuart: good morning, everyone. a win for republicans in the senate. with john fetterman hospitalized and joe manchin and jon tester voting with the gop, the

maria: yeah. mean, it's interesting to see this reaction because the way i see it, you know, you've got negative news happening, right? i mean, you had a default yesterday from a pinko commercial real estate property. you've got layoffs continuing. ryan, citigroup cut hundreds of jobs company wide including investment banking, mortgage units, technology facing reductions. the stock is up 13% year-to-date. you've got nordstrom planning to close 13 canadian stores, off another 2500 workers. i know you've been positive on the economy. do you think things change in the second half of this year? >> yeah, good morning, maria. great to be with you again. i do think that in the short term the market can has got a lot of headwinds just as dennis alluded to. in my opinion, they should have taken the 50 basis points rate increase last time. i think they missed that opportunity and now as he mentioned, i think they're stuck with 25 basis points increases. basically in perpetuity, until the data can somehow re

maria: welcome back.s it nashville is in shock this morning, after a deadly school shooting yesterday afternoon, cheryl casone with details now cheryl. cheryl: well maria, three children three adults killed monday during a shooting at a tennessee private christian grade school, one parent expressing disbelief watch this. no participant should parent should go through anything like that i think doing better he knows shooter is dead i am telling him be aware of your surroundings we are not sure if one shooter, you know that you know how to get out of the building you know conversations we should not be having with our children. >> shocking security footage shows shooter blasting into the school, police identified the attacker as a 28-year-old former student. john drake said a hill possible prepared for that shot and killed by two nashville officers, investigators looking for a motive. train derailment in north dakota 70 car train hauling hazardous materials canadian pacific train leaked liquid as fault, exp

maria: yeah.ly right. they're pressuring and trying to scare g lifts from speaking out- journalists from speaking out. when we come back, president biden stays quiet when questioned about tiktok as china pushes back on the house bill to ban the app. florida congressman cory mills on on that bill and whether joe biden is serious about actually banning tiktok. ♪ i, i live among the creatures of the night. ♪ i haven't got the will to try and fight. ♪ against the new tomorrow so i guess -- asking the right question can greatly impact your future. - are, are you qualified to do this? - what? - especially when it comes to your finances. - are you a certified financial planner™? - i'm a cfp® professional. - cfp® professionals are committed to acting in your best interest. that's why it's gotta be a cfp®. if lawn care were easy, everyone would do it... as well as trugreen does it. trugreen's online tools help ensure your custom treatment works to deliver a greener, healthier lawn - guaranteed. it's time t

welcome. >> hey, good morning, maria. of this ruling and what were you seeing before this ruling with regard to migrants coming into florida? >> well, what the ruling basically says is that joe biden has been violating the law, his oath of office and the constitution. they're using this idea of parole and converting into a way to nullify our immigration laws. that's one of the reasons you've had millions and millions of people illegally pour across the border and biden paroles them and they get released into our communities. so in florida, you know, we have had to deal with it but i tell you, maria, we also have to deal with boats coming from haiti and cuba and the coast guard does a great job and biden doesn't give them enough resources and we're under a state of emergency in florida for the florida keys area. i've semperred state resources and we've -- searched state resources and we've brought the boats to a trickle and haven't seen as many and helped the coast guard re-patriot 11,000 illegals and that's a success stor

maria: yeah.oating rate loans out there, i call them adjustable loans that have gone and will go higher, corporate profits are really going on the affected by all this. maria: that's why stephanie pomboy noted there's a trillion collars in debt sitting -- dollars in debt sitting on corporate balance sheets that will roll over this year, will they be able to pay the higher rate that comes with that rollover? we're going on the watching. dennis, dominic, thank you, gentlemen. have a good weekend. >>> we will take a short break. when we come back, border patrol agents encountering migrants on the terrorist watch list, on track to outpace last year's record. we're going to take a look at that. then, the cities where $100,000 salaries can take you the furthest. what does $100,000 mean in new york, for example? it is making a buzz this morning. you're watching "mornings with maria" live on fox business. ♪ ♪ i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so glad we did thi

maria: wow.his relationship with eco health is suspicious in a number of different aspects. maria: what do you mean? >> well, the funding of eco health was covered up to the extent fauci could. obviously, there's was a money trail there. but peter daczk was close with the wuhan institute. he's not been forthcoming ifs is relationship. he has been involved in a number of deceptions. when you put that together, it shows that fauci had a lot to hide. maria: really interesting. we're learning so much about the communist party of china and its goals and you've written about this many years ago and we've been on this for many years on this program. finally, it looks like some in corporate america are beginning to get it, are beginning to understand the national security risks and it's not just about the greenbacks making money in china. we had billionaire investor mark mobius on last week. he's raising a red flag about doing business in china. what are your thoughts on corporate america. are they pulli

maria: all right.just a couple seconds away from release of the february jobs' report, the dow industrials well off the lows of the morning, we are talking about a decline 55 points in dow futures, the expectations call for 3.4% unemployment rate job creation 205,000, watching markets for any change nasdaq just went positive, dow industrials now positive as well. as we await numbers, a lot of movement, cheryl casone with numbers go ahead. cheryl: 311,000, 311,000 ken for win said 300 came in 311,000 for nonfarm jobs for february estimate 205,000, now i want to get to that revision for january all eyes on that we did get a revision but not really as big i think as we expected. looks like getting 504,000 as revision for the month of january, 504,000 again a lot of economists thinking a bigger change you see dow s&p going positive, as for t unemployment rate 3.6% the street being looking for .4% unemployment rate 3.6%, 311,000 jobs, a stronger than expected number, obviously, a weaker-than-expected number