this is maria bartiromo's wall street. maria: happy weekend. welcome to the program that analyzes the week that was and helps position you for the week ahead. i'm maria bartiromo, thanks for joining me. coming up in just a moment, sheila bair is with me to talk about the grilling of the bank ceos this week on capitol hill. and then later on, we are talking about the booming business of cannabis with soul global's brady cobb invested in a number of cannabis producers. but first, big banks kicking off first quarter earnings, jpmorgan chase reporting $2.65 a share, better than expected, and 29.85 billion in revenue. wells fargo also beat expectations, reporting $1.20 a share in earnings on revenue of 21.61 billion. joining me right now to react to that is the bronson group founder and chief fs inment officer david bronson. always good to see you. >> thanks, maria. maria: what did you make of those earnings? what did you take away? >> the jpm numbers were fantastic, and one of the things that's different from wells fargo, it was every silo. it was

maria: yeah.ean, you're seeing job growth which is consistent, and that's what you want to see. and the federal reserve on the sidelinings. meanwhile, we're all waiting for news out of this china/u.s. trade negotiation. do you think the president is going to be anal to get that enforcement mechanism in there as well as get the chinese to buy more stuff, to open up its markets to u.s. companies and make sure they don't steal ip for us anymore? >> i think betting against the president is a bad move because he's gotten this far, and i think we're very close to a deal. so, yes, i think he will get a deal done. the enforcement part, as secretary pompeo said, is going to be the hard part. i think a deal will be done, but how do we enforce the deal going with forward. maria: are you expecting a good year for markets? >> i am. it's been a great year already -- maria: yeah, it has. >> we're not going to just go up forever, but i think the economy supports the type of growth we're seeing. so i think for sur

maria: thank you so much. >> thank you, maria. maria: good to see you.even scwwarzmann, big day for first-quarter earnings, ge reporting better than expected earnings, merck and pfizer, we will bring you the numbers as soon as they hit tape, ipo boom is on, latest unicorn to file for public offering, what you need to know coming up back in a minute ♪ limu emu & doug mmm, exactly! liberty mutual customizes your car insurance, so you only pay for what you need. nice! but uh, what's up with your partner? oh! we just spend all day telling everyone how we customize car insurance because no two people are alike, so... limu gets a little confused when he sees another bird that looks exactly like him. ya... he'll figure it out. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ ♪ can i get some help. watch his head. ♪ i'm so happy. ♪ maria: welcome back, breaking news. ashley. ashley: good numbers, headline numbers, earnings per share, 1.22, beats estimate of 1.06, receiver knew of 10.8 billion, e mates were 10.48, nice beat on revenue. the big

maria: wow. yesterday and she said she was fleeing for political asylum and then i said well tell me a little more about what you -- what you're fleeing from, well, i just really want to have more opportunity for my daughter, so it wasn't fleeing, you know, fleeing anything, it was just that she sees economic opportunity in america and the border patrol agents are totally overwhelmed and look what happened in this tragedy, in the synagogue when you had an off-duty patrol agent actually get engaged with the shooter who was absolutely incredible? >> what's going on, people wouldn't believe. the scene that is we see, what happens in terms of all of that you wouldn't believe. that's another whole story, but we can solve this if the democrats would sit down and stand a short period of time on basic things and we have to get to a much bigger policy too overall immigration and what's really unfair these people come in and you have catch and release, release them. we are releasing them into sanctuary cit

maria: yeah.over in california. >> aggressive taxes that hit low-income workers. maria: good point, these are everyday items that they want to tax, water, batteries. dagen: like we are going to tax things that you actually enjoy. maria: also sanctuary state, let's not forget that. >> people move out. maria: move to texas. >> austin number one. maria: the best retirees can save money for their health, that's next, plus check in markets, quiet day although you did have action in china with weak auto sales, we are all over morning news, back in a minute. i think there are some ways to help keep you on track. and closer to home. edward jones grew to a trillion dollars in assets under care, by thinking about your goals as much as you do. maria: health care and retirement, 60% of retirees worried about cost of health care, 71% of recent retirees say they have enough money to pay for health care, joining us to talk more about all of that ramsey solution expert, author of everyday millionaires, chris hoga

maria: next year. >> next year. maria: why?rily increased for do years. they're scheduled to go back down to lower levels at the end of the current fiscal year, which is september 30th. that could change. i'm not a policy expert. i'm not going to speculate. maria: they could come out with a huge spending proposal at the end of this year, right. >> government spending means taking resources, taking from one pocket and spending it another way. maria: finish your thoughts, sorry about that. >> in terms of all of the democrats, everyone's coming out, ron widen wants a tax on unrealized gains, all these people coming out with new ways. is that going into 2020, as the election season heats up, are people going to say this is a lot of junk but maybe some of this could seep through after 2020, do you see that impacting the economy or is it just too soon? >> i think it's too soon. i tend to focus on what's likely to happen, not what should happen. and i think -- >> that shouldn't happen. >> i think it's too soon. maria: what's likely, t

maria: welcome back. program this morning. coming up my exclusive interview with the chairman of the s.e.c. he's here ahead of his meeting with president trump. former pennsylvania governor, ed rendell joining us this morning along with former architect of romney care is here this morning. tom holin is here, along with nile gardner joining us this morning. roger crystal also with us. we want to kick off with taxes in focus, massachusetts democratic senator elizabeth warren out with a new tax proposal this morning aimed at corporate profits. this plan would only apply to companies reporting more than $100 million in profits. the 2020 presidential hopeful singling out amazon for one for paying no federal income tax last year. she says it would cost the company $698 million. joining the conversation this morning, james freeman is here. former investment banker, former nfl star, jack brewer, our nfl insider. good to see you, jack, james. >> good to be here, thanks. maria: thanks for joining dagen and me this

maria: mr.tenders who want to run against you in 2020 you haven't heard a peep out of them about this. beto o'rourke is actually from el paso, i don't know what he's done about this problem and then of course you've got bernie and now joe biden. they're not characterizing this as a crisis, sir. president trump: so beto o'rourke wants to take down the walls, that means he's finished. he was finished two weeks ago, when he started saying certain very stupid things. beto o'rourke has been exposed. i think biden has been exposed i don't know what the hell happened to biden i never saw that before. i don't know it just doesn't look like the same biden i said is that really joe biden? he doesn't look the same to me. i've known him for a long time and seen him for a long time. i said what happened to him? so he's been exposed because he's very weak he doesn't want to talk about this. no but they don't want to talk about this. i don't get what their plan is. do they want to let people in that shouldn't

maria: and to you. i guess i want to start you are a former federal prosecutor, so you've seen the mueller report, you've seen the redactions, you've also seen all of the redacted testimonies of the people who started this investigation to begin with, what is your reaction to the mueller report? >> well maria when you consider the most important charge, when you consider the charge that started this all the charge that .or his campaign was conspiring with, or colluding with russia, as i read the report it struck me that the one person that was always being truthful about that was donald trump. donald trump was being truthful about collusion when adam schiff and eric swalwell and democrats weren't being truthful about having evidence of collusion that didn't exist. donald trump was being truthful when jim clapper and john brennan and members of the intelligence community were accusing him of treason for colluding with russia. .is being truthful when james comey and andy mccabe and folks at our justice de

maria: it passed. jack: it works. maria: yep.k: do you feel that more manufacturers are making stronger phones because of a test like this? maria: so, what we do find is that there are many phones that can pass this test. even after a hundred drops, they come out without damage or there are some that just take a little bit of damage. jack: okay. so, we have one more test, maria. maria: so, jack, this is our drop tester. jack: so, what is the difference between the drop tester and the tumbler? maria: so, the tumbler will drop the phone in any different randomized orientation. with the drop tester, we can orient the phone to drop on its corner, on its edge, any edge that we want, any kind of face that we want. jack: well, my phones, every time they drop, they drop always, like, on the corner. maria: on the corner? jack: i don't know why, yeah. maria: all right, let's try that. so, we're going to put it on the corner right here. here we go. jack: that was it? maria: that's it. jack: okay. maria: it landed on concrete. it's got a lit

maria: that's where i grew up. >> i know. maria: dr. mike.show into a network. we're talking with the ceo of discovery, david zaslav is here. i knew about the tremors. but when i started seeing things, i didn't know what was happening... so i kept it in. he started believing things that weren't true. i knew something was wrong... but i didn't say a word. during the course of their disease around 50% of people with parkinson's may experience hallucinations or delusions. but now, doctors are prescribing nuplazid. the only fda approved medicine... proven to significantly reduce hallucinations and delusions related to parkinson's. don't take nuplazid if you are allergic to its ingredients. nuplazid can increase the risk of death in elderly people with dementia-related psychosis and is not for treating symptoms unrelated to parkinson's disease. nuplazid can cause changes in heart rhythm and should not be taken if you have certain abnormal heart rhythms or take other drugs that are known to cause changes in heart rhythm. tell your doctor about any

maria: it really is.money that could be given to replace what this cathedral represents and what it represents in its form. it's sad, why did you write this book, the missionary of wall street? >> i wrote it, maria, because we have been doing this for a decade now in the streets of new york and a lot centered around holy week actually, i found over 10 years the book is full of conversations with people about faith and people of faith increasingly we've kind of pulled back inside or own walls, you know, the dialogue is increasingly secular and it's really meant to inspire people and go out there and talk to people and if you do it and engage them in joyful loving way you can have amazing conversations, actually last night we start the mission again this week and we get a lot of french people at this time of year and the french people, beautiful poynant story about light and darkness, but last night we had some french tourists with us and, you know, we ended up just praying in the church together. it's very

maria: you are? listen i put forward legislation this week, bipartisan legislation to try and close a loophole so that for instance foreigners can't buy ad s in our election system. maria: this is the bipartisan bill you would think that you'd get full support on a bill that's going to block foreign entities from buying ads to influence the u.s. election what has been the perception and the reception? >> its been great and this week we'll be collecting co-signers and then push it through committee. we have co-sponsors in the senate, so i think that there are things that are being done, but i'll be honest, it's the sort of far left and far right that are getting a lot of the media attention. there's a lot of folks in the middle who are focused on doing something affirmative. maria: do you support things like the green new deal medicare for all? >> so for me i'm just from michigan. we're very pragmatic. maria: that's where our viewers are by the way. >> we're pragmatic people and i certainly understand

maria: happy weekend.elcome to the programming that analyzes the week that was and helps position you for the week ahead. i'm maria bartiromo. we have another jam-packed program this weekend. coming up, blackrock's rick reider is with me overseeing $2 trillion in assets under management in fixed income among other areas, in blackrock's firm of almost $6 trillion of assets under management. later on, minneapolis federal reserve president and ceo neel kashkari will be here as well. a big story for the market this is week was the inverted yield curve when short-term interest rates are higher than long-term interest rates. a couple of reasons why. the ten-year yield broke 2.4% this week. concern about global growth as well as trump's nominee for the federal board, steven moore, saying the fed should cut interest rates immediately. he thinks the fed should cut rates saying that the fed is sucking the oxygen out of the economy, and it's created an economically debilitating deflation, deflation shrinks the econom

maria: exactly.that they got nominated for the award, the movie that you referenced and didn't win. dagen: they were cheering the fact that roma didn't win which was ludicrous to me and raises issues does the justice department really need to be involved with this unless they send a letter. maria: startling new information coming this morning in light of crash of boeing 737 max. cheryl: pilots that crashed last week in ethiopia followed boeing emergency procedures but unable to regain control of the plane. the wall street journal reported that the cruise turned off system that was tilting nose down but relying on other steps before the jet went down. the information that's coming from the jet black box recorders, boeing shares higher slightly fractionally in premarket right now. well, a chinese woman now in police custody after illegally entering mar-a-lago with thumb drive containing harmful computer malware, president trump was there at the time, taking part of international conferences, she's unde

maria: mitch?h quarter, not only did the stock market fall out of bed, but the fixed income market did as well. a lot of the structured transactions that places like this count on couldn't find the market. that trickled into the beginning of the first quarter as well and it took a while to ramp the machine up again. maria: the company as you said, dagen, raising the dividend. joining us to talk more about this is vining sparks banking strategy director, marty mosby. looking at goldman sachs, what's your reaction to the numbers this morning? >> well, we are seeing a healthy beat on the eps. and it looks like it's coming from the expense side. goldman sachs has a lot of seasonality built into their expenses. usually they ramp up a little bit in the first quarter and then kind of improve as they have a lower compensation rate as they get in the backend of the year. they may be flattening that out to give us a little better trajectory through the year. but the expense saves we're seeing here is a posit

maria: you couldn't edit it. maria: instagram you can edit.ere earnings picture jack dorsey saying after reporting blowout numbers as well this is a company that had a market cap yesterday with stock increase, of 30 billion dollars, huge company, and he also said that they were open to exploring regulation open to communicateing with lawmakers to try to make the platform a little bit more fair so it seems like, you know, in light of what happened at facebook, conversation is moving forward. dagen: going for a "game of thrones" halo looks like -- >> [laughter]. maria: yeah. >> well it is it is. >> what is he doing with this. >> going down this route also, one of the stories about him he takes ice back does hour meditation every day. maria: walk five miles to work, takes an hour. >> but runs another publicly traded company, just fascinating in enigma wrapped in quagmire stick in conundrum. >> seems like hill disciplined sort of rememberingmen what he is doing in personal life helped him be a better ceo. >> i like that. >> you don't like that. >>

maria: exactly. i don't know about you maria.>> but here is the thing. americans over the last several years have expressed dismay with the way washington works, you know? whatever if you want to call it draining the swamp or cleaning up democracy. we hear that and that's why my dear friend john sarbanes from maryland came up with this bill to get money out of politics, everybody knows. money is so important in politic s it gives influence to people over government that regular americans don't have. let's get rid of that. hr-1 the for the people act and the john sarbanes wrote and that we amended with amendment after amendment and then we passed, is so important, i hope that the senate gives it real consideration because it's what americans want. maria: and then when you look at the common ground you mentioned some of these issues that you can agree with the other side and actually work toward moving the needle for the american people and that includes infrastructure and you said also getting drug prices down for sure the other s

maria: that's a good point. looking at the economy today the backdrop feels good quick. >> absolutely. and with 20 percent chance in any year. the us economy is looking very good at the moment and the rest of the world is envious. don't go anywhere my interview with former executive chairman of google coming up next echo stay with us. did you know with vanishing deductible, you can earn $100 off your deductible for every year of safe driving? sing that. ♪ vanishing deductible, you can... ♪ ♪ earn $100... ♪ earn $100 off... ♪ off your deductible. ♪ deductible. ♪ for every year of safe driving. ♪ ♪ for every-- for every-- ♪ ♪ for every year of safe driving. ♪ what are you-- what key are you in? "e." no, no, go to "g." "g" will be too high. not for me. ♪ vanishing deductible. oh, gosh. sweet, sweet. run with us in the unstoppable john deere gator xuv835, and be prepared to go the extra mile. because when others take rain checks, we take the wheel. with three-wide seating, heat and ac, this is the coolest, most comf

maria: 6:00 a.m. on the east coast, focus on earnings right now, four dow components, verizon, coca-cola, proctor&gamble. powerful earthquake rocking the philippines this morning, water from a rooftop school pouring down the side of the sky scraper, incredible pictures here. elon musk is vowing that robot taxis are ready for the streets, they will be here next year. amazon stock, find out how much, mornings with maria begins right now. ♪ ♪ ♪ maria: let's take a look at futures this morning. earnings once again, the stop stories, futures indicating lower opening, dow industrials down 20 points, and nasdaq down 7 points, rolling on this morning earnings can dow components coca-cola, verizon, proctor&gamble and united technologies, twitter and lockheed martin later on releasing quarter results, it has been the driver of markets, joining me capital portfolio strategist, francis, thanks for joining us so far. characterize what you are seeing in terms of earning backdrop as it relates to stock? >> well, ear

maria: that's a good point. looking at the economy today the backdrop feels good quick. >> absolutely. and with 20 percent chance in any year. the us economy is looking very good at the moment and the rest of the world is envious. don't go anywhere my interview with former executive chairman of google coming up next echo stay with us. was ahead of its time. still, we never stopped making it stronger. faster. smarter. because to be the best, is to never ever stop making it better. there's never been a better time to become part of the mercedes-benz family. visit the mercedes-benz spring event before april 30th for exceptional lease and financing offers on the 2019 c 300. hey, who are you? oh, hey jeff, i'm a car thief... what?! i'm here to steal your car because, well, that's my job. what? what?? what?! (laughing) what?? what?! what?! [crash] what?! haha, it happens. and if you've got cut-rate car insurance, paying for this could feel like getting robbed twice. so get allstate... and be better protected from mayh

maria: go ahead.nt to get your take on all of this but i just want to say let's not underestimate all the money that bernie has raised. the fundraising has been incredible. he's in the lead in terms of money raised. $18 million so far, the new york times reporting some democratic party are agonizing over momentum and his ability to raise money. having said that, the trump administration reported what they earned in the first quarter and it's $30 million, so there's a lot of money on the republican side. >> yeah, and trump raised more than 30 million in his campaign, trump is playing it in terms of war chest but the money that bernie has makes him a viable candidate especially in the early states, he can afford the organizers, the most tv ads, maria, if he wins iowa which right now he's polling within the margin of error in top 2, he will go like a rocket ship to new hampshire because they love him and might be unstoppable, i want to go back to the point, you're talking about the elephant in the room,

maria: good point.rican working class, want to reward people that work at the end of the day. i think it's really a messaging issue that i see for the republicans to be honest with you. because if bernie sanders goes out to certain populations and is showing that amazon or google is paying a small amount of taxes, that could get into the ears of a lot of americans. how do the republicans combat that? >> well, first thing i'd do is point out that he's a hypocrite. his defense is that he's paying what he owes. he's criticizing companies that also pay what they owe. i think first of all, what he's doing is hypocrite call. second of all, we could explain the reasons companies like that aren't paying taxes at the moment. for example, they had big capital losses, there were people that invested in those companies when the stock was very low, put their fortunes into it. jeff bezos spent everything he had on amazon, created the greatest distribution system in the history of the world, benefits all of us and the

maria: that's a good point. looking at the economy today the backdrop feels good quick. >> absolutely. and with 20 percent chance in any year. the us economy is looking very good at the moment and the rest of the world is envious. don't go anywhere my interview with former executive chairman of google coming up next echo stay with us. hey, who are you? oh, hey jeff, i'm a car thief... what?! i'm here to steal your car because, well, that's my job. what? what?? what?! (laughing) what?? what?! what?! [crash] what?! haha, it happens. and if you've got cut-rate car insurance, paying for this could feel like getting robbed twice. so get allstate... and be better protected from mayhem... like me. ♪ 2,000 fence posts. 900 acres. 48 bales. all before lunch, which we caught last saturday. we earn our scars. we wear our work ethic. we work until the work's done. and when it is, a few hours of shuteye to rest up for tomorrow, the day we'll finally get something done. ( ♪ ) who wanted to get away who used expedia to book th

maria: that's a good point. looking at the economy today the backdrop feels good quick. >> absolutely. and with 20 percent chance in any year. the us economy is looking very good at the moment and the rest of the world is envious. don't go anywhere my interview with former executive chairman of google coming up next echo stay with us. 2,000 fence posts. 900 acres. 48 bales. all before lunch, which we caught last saturday. we earn our scars. we wear our work ethic. we work until the work's done. and when it is, a few hours of shuteye to rest up for tomorrow, the day we'll finally get something done. ( ♪ ) tyou wouldn't accepty from any one else.e. so why accept it from your allergy pills? most pills don't finish the job because they don't relieve nasal congestion. flonase allergy relief is different. flonase relieves sneezing, itchy, watery eyes and a runny nose, plus nasal congestion, which pills don't. flonase helps block 6 key inflammatory substances. most pills only block one. and 6 is greater than 1. start y

maria: that's a good point. looking at the economy today the backdrop feels good quick. >> absolutely. and with 20 percent chance in any year. the us economy is looking very good at the moment and the rest of the world is envious. don't go anywhere my interview with former executive chairman of google coming up next echo stay with us. fact is, every insurance company hopes you drive safely. but allstate actually helps you drive safely... with drivewise. it lets you know when you go too fast... ...and brake too hard. with feedback to help you drive safer. giving you the power to actually lower your cost. unfortunately, it can't do anything about that. now that you know the truth... are you in good hands? but when i started seeing things, i didn't know what was happening... so i kept it in. he started believing things that weren't true. i knew something was wrong... but i didn't say a word. during the course of their disease around 50% of people with parkinson's may experience hallucinations or delusions. but now,

maria: that's a good point. looking at the economy today the backdrop feels good quick. >> absolutely. and with 20 percent chance in any year. the us economy is looking very good at the moment and the rest of the world is envious. don't go anywhere my interview with former executive chairman of google coming up next echo stay with us. maria: welcome back what is technology legend having common they were all meant toward by legendary leadership coach bill campbell. a 1 trillion-dollar coach to share how the late ivy league football coach went from the gridiron to coaching the best and brightest in silicon valley. i sit down with the book's co-authors who are google insiders like eric schmidt alphabet management advisor rosenberg so talk about the impact on the technology world. >>. >> bill was the best coach of teams we think the river was putting apple and google to the current extraordinary scale. maria: how did he do that and what was so important with his leadership quick. >> he emphasized management to start

maria: yeah.ink it's important to understand that political bias probably drove the clinton outcome, not the facts. i really don't believe that comey just took over the investigation from lynch based on a tarmac meeting. i just want the american public to know that the standard used against clinton is an outlier. it's not the way business is done. and why did they choose that path. i think they had a political bias. they wanted clinton to win, trump to lose, and he's the point: how could she win if the department of justice indicted her? i think that's what drove the decision, they wanted her or to win. maria: you would think that william barr as the new attorney general wants america to trust that the9 fbi and the doj are not getting politics involved in their investigations, that it's actually based on the rule of law. do you think as a result of that he will seek this truth? >> yeah. i know he will seek this truth. and this -- my job is to find out how the system got off track, to provide overs

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