joe biden wants to convince wall street he's going to wall street and telling them no we're going to continue as normal we're going to keep on giving you free money we're going to let you rack up all these debts in the name of the population we're going to continue financial izing the economy we're going to continue all the policies that have caused the deplorable as hillary clinton called it's not about the rich it's about the repair monopolist class yes ok something wrong with being rich and being rich is nothing wrong with it people work hard they make a lot of money and for a lot of people that's very satisfying but when you become a replacement monopolist and you are heading up like in the pharmaceutical industry one or 2 or 3 major kleptocrats and collusion colluding monopolist an oligopoly pricing that's not rich that's tire radical there's a time there's a tie around ical nature to this group of folks in america that joe biden is talking to directly is very comfortable in a room full of saudi princes and american kleptocrats because they're both equal in a lot of ways al capo

her brand is to be anti-wall street.r her to go with the plan like this, doesn't it stay with exactly what she has always done? >> i think she can do that among a base of 24 people running for president on the democratic side and if she is going to get that nomination she'll need wall street people to kind of start hosting her and bundling and fundraising. to me, i just think these are kind of some catchy headlines right now especially when she is being labeled as this far left kind of radical person but ultimately if she is going to get the nomination she has to move this economic plan more toward the center. >> steph, you and dan -- >> talking glass/steagall -- yes? >> you and dan both know this world, the wall street world better than i do. i'm curious as to what both of you guys think as to if you make private equity investments less profitable, can you do that without harming economic growth? >> well, the deals look different. it's that simple. >> and, john, just think about this for a moment. president trump didn't

you know if you'd asked me prior to the financialrisis what i thought about my career on wall street i would'vnisaid it was ; it wasn't good, it wasn't bad. after the crisis i came to the realization it wasn'benign. we were doing damage. >> reporter: these were the thghts running through the wall street veteran's mind as he walked through some of the most economically challenged parts of new york city toward his million dollar brooklyn condo. >> what started seeping in was this realization that we on wall street had messed up. this intense obsession with profit and efficiency and thinking that all that matters is growing the economy, damn the conseqesue well, the consequences were really bad. >> rep just spend this time walking. he started taking photos-- posting them to a blog-- and writing about what he was seeing. >> wn you're sitting down on-- in wall street, playing with numbers that are just blips, you can sit there and argue, "we should take over these companies. and we should go in and fire these employees." well, you can destroy whole communities when you do that. and so at

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joe biden wants to convince wall street he's going to wall street and telling them no we're going to continue as normal we're going to keep on giving you free money we're going to let you rack up all these debts in the name of the population we're going to continue financial izing the economy we're going to continue all the policies that have caused the deplorable as hillary clinton called it's not about the rich it's about the repair monopolist class yes ok something wrong with being rich and being rich is nothing wrong with it people work hard they make a lot of money and for a lot of people that's very satisfying but when you become a replacement monopolist and you are heading up like in the pharmaceutical industry one or 2 or 3 major kleptocrats and collusion colluding monopolist an oligopoly pricing that's not rich that's time radical there's a time there's a tie around ical nature to this group of folks in america that joe biden is talking to directly is very comfortable in a room full of saudi princes an american couple kratz because they're both equal in a lot of ways al capo

mike reason with rita when wall street returns. don't miss your golden opportunity to experience the luxury you desire on a full line of utility vehicles. at the lexus golden opportunity sales event. lease the 2019 rx 350 for $389 a month, for 36 months, and we'll make your first month's payment. experience amazing. as a doctor, i agree with cdc guidance. i recommend topical pain relievers first... like salonpas patch large. it's powerful, fda-approved to relieve moderate pain, yet non-addictive and gentle on the body. salonpas. it's good medicine. hisamitsu. >> welcome back it was a big week for stocks. while the market loves the news of the rate cut coming up. what could the long-term effects of a copy on wall street in the market. joining me now is blackrock global chief investment officer for income and beyond rick reeder is here. he is also leeper polio manager for global allocation and strategic income funds. he oversees $2.1 trillion of assets under management. the largest asset manager and we are honored to have you on the

corporations in the amount of 11000000000 dollars last year but then also we got the wall street not the wall st john of the washington post rather claiming that they have proof that actually you are why you help more career to irregularly or to build a wireless network over there so that actually at some pressure to the overall tensions between you all by and the u.s. government. courts are there on wall street for us thank you very much now staying with the wall way of the u.k.'s digital minister jeremy wright says his country needs more time to decide whether the chinese text supplier should be allowed to participate in britain's 5 g. mobile network buildout the country was expected to make a decision on monday but that has now been postponed until the impact of the us measures against huawei become more clear the us and says swallow is a security risk it has bound u.s. companies from buying from while away and is pressuring allied nations take a similar stance. norway's sovereign wealth fund made headlines when it decided to pull investments out of oil and gas and fossil fuels and

there we had a record breaking week here on wall street and there is this old saying on wall street to never bet against the federal reserve so we have the outlook of interest rate cuts by the end of the month that would be of the 1st interest rate cut since december of 2008 when the federal reserve basically said rates at 0 percent after the financial crisis hit so that is really what drove the market in the past couple of days if not weeks so now the focus will shift to earnings season that will start on monday when the 1st big american banks will come out that was their earnings reports and overall the outlook for profit growth is rather mediocre about wall street will be more focused not so much what happened in the months but how the outlook from corporate america looks so that will really be the decisive factor if this really has more room to run but for the very 1st time in history s. and p. 500 cross 3000 and the dow jones and there for the best or whatever it is the 27000 point mark young's quarter there with the markets wrap up for us thank you very much the united states fed

first bad news and good news on wall street this week. the market saw a record broadly after federal reserve chairman interest rate cut could be coming soon to the growing concern about the economy and manufacturing and housing. the dow and s&p hit all-time highs this week and the dow industrials cracking the 27000 mark for the first time and staying there. joining me now is mike murphy. >> happy to be here. >> the first of the week we had a little said in ecb, give me your take away from the week. >> i think people are really helping that the fed will be accommodated. but the backdrop or is the market right now can support higher level without the fed. but if the fed comes in and gives us a rate cut on top of the economy that we have. you can call it was to the stock market and some people would say. it will give us new highs in the market. if we hit a rate cut in the market reacts negatively because maybe it looks like the federal reserve know something with that we don't. were out of 50 when you're low on a payment per wave growth of 3

you're not pretty at all and some analysts here on wall street are saying that this quarter actually could be a sign that the best days are for netflix are behind them especially if you look at subscriber growth globally netflix only added about them half the subscribers they were looking for and here in the united states there was even a decrease of subscribers by about $130000.00 and all of that before the real competition is going to kick in by the end of next year and this year and next year when a lot of the big media companies like will disney it will start their own streaming services and the stock for a netflix and then 1st initial after our reaction was down by a good 12 percent streaming market there in the u.s. again a lot tighter quarter with the latest in new york thank you the international monetary fund has warned that international trade is slowing a caution comes as the i.m.f. which coordinates global monetary policy releases its annual look at trade not surprisingly it's urging nations to avoid further conflict. this year's external sector report shows that the worl

administration when it comes to global growth growth but there is no 2nd guessing your old wall street that we will see a rate cut by the end of the month even if it might be smaller than some investors on wall street had expected now of course we've been seeing a lot of pressure from the white house on powell and he's been putting up a show of defiance shall we say saying that he can't be made to step down on the other hand it looks like trump might get what he wants from powell in the form of a rate cut what do you think this means for the fed's independence. it is not unprecedented that a president or an open astray ssion tries to put some pressure on the federal reserve but it is pretty unique how directly and how often and sharp u.s. president tries to put pressure on the federal reserve if they're given to get impressed by that. i would for a debate but we also shouldn't forget the federal reserve is not a one man or woman shoulders is a committee that makes the decisions but we also got the fed minutes here on wednesday and they showed that a couple of fed members already in jun

the collusion comes in is it wasn't just the fed the problem that the financial system cause from wall street throughout the rest of the world was so big that not just one central bank could make money cheap enough could create enough artificial money by itself and so the fed did kalu did work together with the european central bank with the bank of england with the people's bank of china later that was a kind of separate story with the bank of japan and so forth to create enough money to put into the financial system to keep it safe for itself and all timidly what that did is a transferred all of that money into the banks into financial assets into burgeoning stock markets like like a ton of sort of crack into an attic up and up enough never took it away and that meant someone else was going to pay on the other side and the people who paid on the other side was everyone else in the world citizens throughout the world in the u.s. in all of those countries throughout the global real economy because they didn't have access to money be any money they were saving now was getting no interest so an

massachusetts senator elizabeth warren made a name for herself by taking on wall street.is returning to that familiar ground as she seeks to capture the 2020 democratic presidential nomination. warren's latest policy proposal is a plan designed to end what she calls, quote, legalized looting by the private equity firms that take over troubled companies. she is also calling for other changes to the financial industry that she says will benefit consumers. warren is expected to tout the new plan and other policy proposals as well during a two-day campaign swing through iowa. msnbc's garrett haake is joining us now from sioux city, iowa, where warren will hold a townhall meeting later tonight. so, garrett, good to talk to you on this. what does senator warren want to do, and how could it actually affect the private equity industry? >> reporter: yeah, yasmin. the whole idea here that warren is proposing is essentially to right-size the entire finance industry starting in this plan with private equity. the plan has a couple of different planks. the first takes on private equity

on wall street in general are still a bit cautious what. it was in this new marketplace so investors in wait and see mode now there's another update on this other u.s. china battleground for tech dominance while way back in the headlines again what are you hearing. there well i mean there are 2 big stories and one is that us american. tech companies are executives specially from the semiconductor industry they try to figure out there was the u.s. government what does going on was the ban against them you are why you are why i actually itself said that they purchased tech equipment from u.s. corporations in the amount of 11000000000 dollars last year but then also we got the wall street not the walter john of the washington post rather claiming that they have proof that actually you were why you help north korea to irregularly or to build a wireless network over there so that actually at some pressure to the overall tensions between you all by and the u.s. government. quarter there on wall street for us thank you very much now staying with t

mike reason with rita when wall street returns. i'm really into this car, but how do i know if i'm getting a good deal? i tell truecar my zip and which car i want and truecar shows the range of prices people in my area actually paid for the same car so i know if i'm getting a great price. this is how car buying was always meant to be. this is truecar. >> welcome back it was a big week for stocks. while the market loves the news of the rate cut coming up. what could the long-term effects of a copy on wall street in the market. joining me now is blackrock global chief investment officer for income and beyond rick reeder is here. he is also leeper polio manager for global allocation and strategic income funds. he oversees $2.1 trillion of assets under management. the largest asset manager and we are honored to have you on the phone. >> thank you very much. >> take is to much for joining us and congrats on more work. >> first assess the week for us. we heard a little jay powell, the fed, the minutes there. what was your reaction ? >> i

wall street now is not what it was a few years ago. there's more progressives, more women, more diversity. it's more than it was and a lot of folks who believe warren is right on a lot of her issues and would be willing to pay a higher tax rate. >> fascinating, it's good to see you, ben white from "politico." >> coming up, outrage, resignations, and growing tensions between two estates, a look at the fallout as the ua sd plans to relocate is next. >>> welcome back to the exchange the usda has announced plans to move more than 500 jobs from d.c. to the kansas city region the problem is the agency hasn't specified which side of kansas city those jobs will land on, and that's pitting two states against each other kate rogers is live in kansas city, missouri, with the latest. kate >> that's right. the search is under way here in the kansas city region for that new home for the usda. this is move the agency says will save it some $300 million over the course of 15 years and remove its researchers closer to stakeholders within the agricultur

some disturbing news out of the "wall street journal." facebook along with google and youtube apparently crawling with bogus and potentially harmful information about alternative cancer treatments and sometimes these sites and videos get millions of views from people desperate for any kind of help in this matter. facebook and google say they are working to scrub accounts of the false information to reduce the spread of posts that promise miracle cures. this news just comes 24 hours after a package that initially tested positive for toxic sarin was sent to facebook's mail facility in menlo park, california. remember yesterday we told you it was triggering an evacuation and 14 hours of response from hazardous material teams. the social media giant now breathing a major sigh of relief at this hour after it has been concluded the package did not contain any dangerous substances. facebook, little bit of a relief rally here, up 1% at the moment. now facebook can go back to focusing on sort of its hottest new release and that is libra. this is f

quarter there on wall street for us thank you very much now staying with the wall way of the u.k.'s digital minister jeremy wright says his country needs more time to decide whether the chinese text supplier should be allowed to participate in britain's 5 g. mobile network buildout the country it was expected to make a decision on monday but that has now been postponed until the impact of the u.s. measures against huawei become more clear the u.s. insists while weighs a security risk it has banned u.s. companies from buying from wall way and is pressuring allied nations to take a similar stance. norway's sovereign wealth fund made headlines when it decided to pull investments out of oil and gas and fossil fuels and make deals since we're talking about the largest sovereign wealth fund in the world but environmentalists are saying there's still a long way to go towards making that fund a green one. the aim of norway sovereign wealth fund is to ensure responsible management of the revenue from the country's oil and natural gas sales for the benefit of current and future generations s

quarter there on wall street for us thank you very much now staying with the wall way of the u.k.'s digital minister jeremy wright says his country needs more time to decide whether the chinese text supplier should be allowed to participate in britain's 5 g. mobile network buildout the country was expected to make a decision on monday but that has now been postponed until the impact of us measures against while we've become more clear the us and says swallow is a security risk it has bound us companies from buying from while away and is pressuring allied nations to take a similar stance. norway's sovereign wealth fund made headlines when it decided to pull investments out of oil and gas and fossil fuels and make deals since we're talking about the largest sovereign wealth fund in the world but environmentalists are saying there's still a long way to go towards making that fund a green one. the aim of norway sovereign wealth fund is to ensure responsible management of the revenue from the country's oil and natural gas sales for the benefit of current and future generations so what d

>> i think wall street has from elizabeth warren. once said he did not think she knew what she was talking about when it came to banks. she snapped back and said she knew exactly what she was talking about which is why banks are scared of her. we have seen these public and that,lashes, but beyond warren is talking about laws and public policies that would raise taxes, that would be more strict on the financial sector in terms of regulation, so those are definitely the kind of conventional wisdom reasons why people on wall street generally do not like her. the ones we spoke to were extremely rare, but very senior, and that is why i was surprised. have an openight mind towards her, but does that mean that equals a vote, though? able to raisen money in the past from people in the securities industry, but so far, people i have spoken to have not voted with their wallets yet. they are open-minded, they think she is smart and they are giving her a chance and if she looks like she has a shot at winning, they will back her, but for now, ever

. >> from the fox studios in new york city, this is maria bartiromo's "wall street." maria: happy weekend, everyone. welcome to program that analyzes the week that was and helps position you for the week ahead. i'm maria bartiromo. coming up in just a few moments, sam zell is my special guest. we're talking real estate and the economy and interest rates and a lot more coming up. but first, earnings season is underway with america's largest banks leading the second quarter reports this past week. goldman sachs, jpmorgan, citigroup all beating expectations on the top and bottom lines while bank of america matched revenue expectations. there are concerns over lower interest rates, that did dampen profits, but that certainly helped markets overall trade up. joining me now to look back and ahead is the founder of pointview wealth management and the president, david dietz with $400 million in assets under management. it's great to have you. this week i feel like it was a lot about the federal reserve. on friday you had the president of the new york fed saying, what did he s

she's going to go back at wall street again how much traction that gets. i think it's a powerful talking point for democratic candidates. >> what are the specific proposals that we know of so far, brian, that you think could gain traction. warren, for instance, is proposing reinstating a modern day glass-steagall what should we look for? >> i want to see how, what the reaction is after the debate, at the very end of the debate, how the centrists react to this. because there was some pushback at the first debate. an overall tone of a real move to the left by most of the candidates you had a couple centrists, john delaney. senator mike bennett from colorado, who tried to push back, and keep the party in the center and so is this wave of left-wing populism just so powerful that it's going to run everybody in the power over and is then the democratic party so far to the left that there's no chance of them kind of, you know, working with republicans anymore on a policy side, then where does wall street go? there are populists in the republican party, populists

today in the us the markets on wall street we re in the us the markets on wall street were shut at onetomorrow for the independence day break. people today will be positioning themselves ahead ofa will be positioning themselves ahead of a closure on wall street. so that is your business briefing. stay with us. is your business briefing. stay with us. i will be back with that global news media stories of the day. —— with the global news media stories of the day. nina willjoin me in a moment for the news briefing. but 1st: the government has been criticised for unfairly raising families' hopes over access to medicinal cannabis, despite approving it's use last year. the drug was given the green light for prescription in november but a report by mps found it still isn't readily available. our correspondent lauren moss reports. ben griffiths is ten years old and has cerebral palsy. untiljust a couple of months ago he was having more than 100 epileptic seizures every day. now they have dramatically reduced after a doctor issued a private prescription for medical cannabis oil. but it costs £2

. >> from the fox studios in new york city, this is maria bartiromo's "wall street." maria: happy inbegins day weekend, everybody -- independence day weekend, everybody, thanks for joining us. i'm maria bartiromo. coming up in just a few moments, long-term stock exchange ceo and founder eric reese is joining us this morning along with, later, my one-on-one with park mark's ceo. then more of my exclusive interview president trump as we talked about the economy and trade. president trump coming up. but first, america's newest stock exchange, the long-term stock exchange looking to shake things up in the stock market by making investors and managers focus on companies' long-term interests. joining me is the founder and ceo, eric reese. eric, it's good to have you on the program. thanks so much for being here. >> thanks, happy fourth. maria: i want to talk about the long-term nature, but first, you've got some news. tell us about the filing that the company made. >> yes. so we were approved as a national securities exchange on may 10th, and now we're making our first in a

yes wall street hasn't really reacted to these numbers so tell us what is driving investors this week. well it's basically for a couple of days now the outlook or 100 percent certainty that the federal reserve will cut interest rates by the end of the month that does feel a bit one dimensional and let's say the fed is going to do to lower the rates at the next meeting on july 31st that is already priced into the markets are up some point we need a bit more to get markets going but here at the beginning of the week we said a new record for the dow jones industrial average for the s. and p. 500 and also composite and folks in one company boeing shares falling today after news reports regarding its 737 max and what he tell us there well i mean wall street in general is just asking itself why would you invest into boeing at this point was all the uncertainty there was a report in the wall street journal that maybe the 737 makes a plane so won't even take off at all within this calendar year we also got word from american airlines besides. the biggest the 2nd biggest operator of those mark