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tv   Mornings With Maria Bartiromo  FOX Business  October 20, 2020 6:00am-9:00am EDT

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southern alaska. parts of southern alaska are under a tsunami warning after that magnitude, 7.4 earthquake hit. sand point, alaska. that is it for us. thanks f maria: good tuesday morning. i'm maria bartiromo, tuesday october 20th, top stories right now, 6:00 a.m. on the east coast. countdown to 2020. november election two short weeks away. president trump headed to arizona. joe biden calling lid on things until after thursday's big debates. mute button for each candidate making an appearance as new documents appear to show hunter biden signature in delaware repair shop where he dropped off laptop detailing business deals while father was vice president. steve bannon is here this
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morning to talk the very latest on the newest findings. markets this morning are rallying. take a look at futures indicating a gain in triple digits as we are awaiting earnings from travelers, lack heed martin and proctor and gamble. rough start to the week yesterday. technology dragged down the markets and really turn in sentiment over stimulus, dow industrials down 410 points at the end of the day, nasdaq 192 and s&p down 56 points yesterday on wall street. stimulus at the forefront. speaker pelosi and steven mnuchin with talks and that's what turned the markets yesterday, uncertainty over no deal. big energy in 2020, why one experts thinks we will see gasoline at $6 a gallon should
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joe biden win the presidency and president trump's latest endorsement. why rapper 50 cent thinks the president will keep him close to his money. mornings with maria live right now. ♪ ♪ someonan markets this morning look like this on the heels, fractional moves this morning across europe. overnight asia, best performer was the shanghai composite half percent. the others fractionally moved. top stories we are watching this morning, new documents appearing to show hunter biden's signature approving repair work in laptop
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and name in bill 2 section. fbi paperwork containing serial numbers and hard drives taken into possession from the delaware repair shop owner. joe biden, however, staying off the campaign trail this week to prepare for thursday's presidential debate. and the commission on presidential debates announced a major format change for the final debate. candidates' microphones will be muted.
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federal prosecutors on charges on operators accused of cyber-attacks, 2016 hacking of dnc and set of ransomware attacks. 5 added to fbi's most wanted list. the group known as sand worms, capable and dangerous hacking groups in the world. markets this morning are higher. take a look at futures iming higher ahead of a deadline for new stimulus deal from washington. the nasdaq up 73 and s&p higher by 21. still not too close on an agreement here just yet, the major averages closing near the lows. biggest names in technology led the decline amid investor worries over stimulus as well. nasdaq in the red for the fifth trading day in a row marketing longers losing streak in a year. joining me wealth management chief investment strategist
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brent and joining the conversation fox business dagen mcdowell, king's college professor, fox news contributor brian brenberg, great to see, everybody. brent, is the market hostage to anything that comes out on a stimulus? >> absolutely. at least in the near term. if there's no deal today you will have another negative market reaction. more stimulus will reduce uncertainty whether or not we have gas to get on the other side of covid-19. it's still likely that you will get stimulus for the next couple of months. we have pulled a lot of americans across the unemployment valley and really important you have vaccine news that should be coming in the next few weeks. that could be positive. while there's near term downside if we get no deal, i don't think that it's an economic breaker. maria: senate will vote on
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stand-alone protection bill today. how important do you think markets will view that in a backdrop where the economy showing signs of recovery, right? >> absolutely, the economic data actually -- if you contemplate atlanta fed gdp estimates we will have 35%, if that would occur, that would leave the economy only 3% smaller than what it was at the beginning of the year which any one of us would have taken. that's one thing that people miss, an economy does adapt and you're seeing that where people are substituting, spending more on goods, groceries, stay at home versus services. the economy has gas left in it. the stimulus would reduce uncertainty that's out there. maria: so what's your take on third-quarter earnings so far? we've had a pretty robust season, two dow components are
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reporting this morning, proctor&amble and travelers, we will be waiting these numbers this morning to see if they impact at all. your take from corporate for the third quarter? >> sure, i mentioned economic growth, i mentioned the economy adapting, you're seeing that in earnings. we expect they will continue to and i do think broadening out is very important. back in the date you only had tech stocks that were producing earnings, and now broadening to more sectors of the economy as more parts have come back online and that continues into next year which is the backdrop for a better year and thing that are more economically sense -- sensitive. maria: yeah, that's a good point. let me bring brian brenberg. >> i'm sitting here thinking what does nancy pelosi have to gain by getting anything done before the election, investors
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are smart and can see the politics here. probably nothing before the election, but probably something next year once the election whoopla has died down, brent, why would the market react so strongly from a political nonstarter at least from nancy pelosi's perspective? >> i agree with you 100%. that's where the rubber meets the road. eventually you will get stimulus, whether it's today, december or january, it is coming. the market senses that and can look past long-term discussions. the federal reserve are holding them where they are at. that's why i don't think it's more of an economic breaker. i just think it's something that will cause near term downside but not so much that one should do anything to the portfolio. maria: all right, we will keep watching that.
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seems to be holding the market hostage over the near term. brent, good to see you, thank you so much. >> thank you. maria: check out morning mover, the ceo said he expects results from its covid-19 vaccine trial in november and u.s. government could authorize emergency use of vaccine in december. stock is up 2 and 1 thirds percent on the news this morning. coming up threatening americans abroad. fox news senior strategic analyst jack keane will talk about beijing's recent comments and threats that it will detain u.s. citizens traveling in china. next hour we are taking a look at market moves top investors are looking. former white house chief strategist steve bannon is here on hunter biden report and what to expect 2 weeks to go before november decision. don't miss congressional candidate on the future of the
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republican party and 2020 races plus harold joining us on 2020 race and why he says a biden victory would jack up the price of gasoline at the pump to 6 bucks a gallon. don't miss a moment of it, you're watching mornings with maria live on fox business. note ♪ ♪ preservision. if it were my vision, i'd ask my doctor about preservision. it's the most studied eye vitamin brand. if it were my vision, i'd look into preservision. only preservision areds2 contains the exact nutrient formula recommended by the nei to help reduce the risk of moderate to advanced amd progression. i have amd. it is my vision so my plan includes preservision. find a stock basedtech. on your interests
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issue. >> joe biden is a corrupt politician. you knew that, now you have the laptop and it's over and as far as i'm concerned the biden family is a criminal enterprise. these are bad people, sick people, they never said it was made by china because they're all on the take. matt, thank you very much for joining us. >> the one thing that's striking about this presidential election in general and 2 weeks from now is that nothing seems to matter, so for those who are looking at this thinking that something is going to happen. we had george floyd protests, riots, we had looting, the democratic convention, the republican convention.
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there's two ways to look at the story. politically i don't think it's going to matter much at all. the question is does it matter to us as individual voters and citizens what hunter biden was doing in 2015 and how joe biden was responding. i would pause it with the coronavirus and the pandemic and the very many millions out there who are trying to struggle to keep our heads afloat, it's going to be hard to make this election in the last 2 weeks about nepotism and corruption. maria: but it's another -- it's another example of corruption. we just came off of a four-year period where we learned it was hillary clinton's idea to tie donald trump to the russia clubbia narrative that the country was up in arms about and we know that was a lie and the intelligent agencies were weponized. i agree the mainstream media won't touch it or won't report it, probably a portion of the people still don't understand what took place and now you have
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evidence that hunter biden was getting paid for introductions to his father, setting up joint ventures in china. do you think people will think that would dictate joe biden's foreign policy? what did he do in terms of foreign policy with china, with ukraine, given that he had deals with governments and he was pocketing money with his son? >> i mean, compared to hillary clinton and the clinton foundation stuff from 5 years ago, the clinton family set up an entire elaborate scheme for people to kind of trade in on their influence and launder their good names by giving money to organizations that the clintons want while she was secretary of state for big portions of it. that was a big needy, weird smelling thing to wrap your head around. when you compare joe biden to that, when you compare joe biden's personality and track record to hillary clinton, it's just different, it's category
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difference and i don't think looking at that right now and saying, using the same language like the president did, clinton crime family language became the biden crime family language. it's not the same people and not the same election. the president needs to run the 2020 election and not try out the 2011 -- 2016 playbook. maria: dagen. dagen: goes to the point of why do people give president trump gate grades on managing the economy but he's still trailing joe biden in the overall polls, the national polls but even in the swing state polls, although those are more narrow, that you have according to recent gallup surveys, 5% of americans say they are better now than they were 4 years ago, they are in better shape but that's not
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translating into good numbers for president trump and it's because frankly my opinion his miami is highly undisciplined. it's all over the place. you need to talk about two things, coming occupy of the coronavirus, vaccines, all the things that are ahead to fight this virus and then the economic recovery and he proved based on deregulation and cutting taxes and cutting corporate taxes that you can have a tie that lifts all boats in this nation. [laughter] >> but also, yes, think about it. he's spending two weeks before the election right now, you know, insults at dr. anthony fauci. you don't have to like fauci to ask yourself what's the point of that right now, there's a really good story you could have told as president of the coronavirus if this is what you have done and said from the beginning, we
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need to test everything, we need to move all bureaucrats out of the way so we can test, test, test all over the place. once we do that, we can know how things are and once we know how things are we can reopen things, he's not telling the story. the white house has been slowing down testing which is a bad move. to the extent that everyone is suffering under this one big thing and also want the nonsense to go away, the insult comedy a little bit. when you want to stop that, what's your action at the voting booth. it's not to vote for donald trump. he's running like an insurgent and he's the president. maria: be sure to tune in friday, we will be starting an hour earlier at 5:00 a.m. eastern, breaking down the second presidential debate. it's going to be big, you don't want to miss it, stay with us on friday as we start an hour earlier. coming up exposing corruption. new documents confirm wrongdoing by hunter biden as the former
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vice president's campaign is still not denying it. the political impact next. why haven't we heard anybody address this from the campaign? then men taking cues from the ladies, new trend hitting male fashion, you're watching mornings with maria live on fox business. ♪ ♪
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your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. introducing the new sleep number 360 smart bed. now temperature balancing, so you can sleep better together. can it help keep me asleep? absolutely, it intelligently senses your movements and automatically adjusts to keep you both effortlessly comfortable. can it help with snoring? i've never heard snoring. exactly. no problem ...and done. so you can really promise better sleep? not promise... prove. save up to $1,000 on the new sleep number 360 smart bed and adjustable base. plus, 0% interest for 24 months on all smart beds. only for a limited time. maria: welcome back, bombshell hunter biden documents released. fox news with paperwork appears to show documents where he allegedly left laptop. this follows what we have been
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reporting all week. laptop contains emails which contains lucrative overseas deals while father was vice president. we understand he was getting money from chinese companies, ukrainian companies perhaps even others. we are waiting on more documents to come as giuliani told us yesterday. brian brenberg, your reaction to all of this. brian: it would be nice if journalists would engage in journalism and help us understand what is going on. it's interesting to me that biden campaign only response to this is there's no wrongdoing but what they're not talking about is whether documents are legitimate and people want to know. people want to know if these are legitimate documents. we will draw our own conditions of whether it's wrong. give us the fact on this one. it's curious and telling that they will not do that but what's worse, the media by in large wants to bury this one and
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ignore it. that's malpractice this close to an election. maria: that is malpractice and that's what you're seeing out of social media. they were very clear we are not going to disseminate the information. we were showing emails on the screen. my understanding is that the original agreement with the director was for consulting fees based on introductions alone at a rate of $10 million a year for a 3-year guaranty total of 30 million. the chairman changed the deal after we met in miami to much more lasting and lucrative arrangement, 50% owned by me and 50% owned by him. proposal was so much more interesting to me and my family and we would have been partners of joint ventures investment. this is an e-mail from hunter biden to a gentleman in china about a joint venture for chinese company just as joe biden was negotiating policy
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between the u.s. and china. wall street journal assistant editorial page editor and the coauthor of the cost with mayapples freeman writes this morning about the media cover of hunter biden story. in the new piece. some media outlets have chosen to focus reporting on whether some journalists were afraid to touch the biden e-mail story before the post published it until former vice president joe biden or member of his family wants to argue that the emails are fakes, isn't there a responsibility for all journalists to acknowledge the post reporting and demand answers. so they're not denying it, dagen, and like you said earlier, a lot of journalists are just not focusing on it and don't want to touch it and certainly social media doesn't want to come out with negative stories of their guy, joe biden. dagen: indeed, the media cover
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joe biden the way a protection racket does, rich lowry writes this, never before have the media have been fearful of asking or reporting something that might hurt a presidential candidate. what are supposed to be the animated values of our adverse press, he goes through these, the media is acting like a bomb disposal eradicate that might hurt preferred presidential candidate. joe biden wasn't asked about the story during abc news town hall where he was coddled by george stephanopoulos like the rest of the press and cbs reporter asks about the story, biden gets angry, it's a smear campaign, right up the alley, no denial
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from joe biden and the media turns on bo ericsson when they should be applauding him for asking the question. maria: this is a massive potential cover-up by the media as well as the fbi and some members of congress. adam schiff was running around on sunday shows saying this was russian disinformation and out lie according to the sitting director of national intelligence, john ratcliffe joined us yesterday in an exclusive interview that went viral. this e-mail is legitimate. >> so, maria, the fact that i know so little about those emails and what is apparently on hunter biden's laptop underscores the point that i just made. this is not part of some part of russian disinformation campaign. the intelligence community has not been involved with hunter biden's laptop, he would be subject to any investigation
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regarding fraud or corruption would be rightfully the jurisdiction of the fbi, so the fbi has had possession of this. what i can say without commenting on any investigation that they may have into corruption or fraud is to say that their investigation does not center around russian disinformation and the intelligence community is playing no role with respect to that. maria: no surprise that adam schiff is telling falsehoods. he has been for four years saying that there was collusion in plain sight. it's important to get john ratcliffe on the record there which we did yesterday. quick broker and then beijing is threatening americans, what a story. general jack keane. how you can get a year supply of fan favorite, morning buzz coming up. you're watching mornings with maria live on fox business.
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maria: welcome back, thank you for joining us. i'm maria bartiromo, tuesday october 20th, let's take a look at markets, 6:32 a.m. on the east coast. 185 points this morning, two-thirds of 1%. nasdaq up 94 and s&p higher by 26 as we are awaiting more earnings this morning. travelers, philip morris, lockheed martin and proctor&gamble all on tap this morning. big technology stocks selling off dragging down markets, dow industrials were down 410 points at 4:00 o'clock on wall street. nasdaq gave up 192. european indices are mixed. quiet session there with fractional moves. ftse 100 up 15, cac quarante is up 21, dax index is lower by 42. similar story in asia. mostly higher by fractional moves across the board. back in the u.s. wild fires are
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still raging across colorado. this morning cheryl casone with the details now, cheryl, good morning to you. cheryl: that's right, maria, good morning, crews are trying to get a hand on cameron fire, largest in state's history with 204,000 acres destroyed. right now it's 51% contained. another blaze raging in colorado. 26 homes have actually been destroyed. moderna ceo expects results from covid-19 trials next month. speaking at the wall street journal annual tech conference yesterday said that ramping up production is a challenge but moderna is on track to produce 20 million doses of the vaccine by the end of the year. let's take a look at the stock premarket. up more than 4% right now. intel getting out of flash
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memory business. the company has agreed to 9 billion-dollar deal with south korea's sk which would make them one of the flash memory manufacturers of the world, 20% of the market share out there. intel is looking to shed flash memory business in general. the stock up 3 quarters of a percent. bank on it, ubs seeing best third quarter in a decade. swift bank reporting net income of $2.1 billion. 99% jump from the same period last year. that definitely beat analyst expectations as we are sitting at 1 and a half billion going to earnings report. rebound coming following 11% drop in second quarter and, of course, that was related, maria, to the coronavirus pandemic which affected companies all over the world. those are your headlines, back over to you. maria: cheryl, thank you so much. the chinese government is
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threatening to detain innocent u.s. nationals if you are an american in china. they are saying that in retaliation to the justice department's prosecution of chinese military affiliated scholars. they caught them cheating and sending back to data to ccp. the wall street journal broke the story this weekend. chinese officials have retaliatory warnings to u.s. representatives. joining me retired four-star general general jack keane, general, good to see you this morning. i've been waiting for this actually to happen where chinese communist party was going to push back on the string of indictments we've had this year. it's not safe to travel to china, is it? jack: well, i wouldn't go that far. i would pay attention to what the state department warnings are. i mean, what is really happening here, we have arrested 5 chinese nationalists for what we termed
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visa fraud and what is that? they did not declare that they were working for the chinese military as research scientists and what they truly are spies trying to gather intelligence, steal intellectual property and we caught them at that. so we have them under arrest and as a result of that, this is retaliation by the chinese in terms of their threat to hold people, american citizens in china. now, this is something that went on during the cold war. we captured russian spies, the russian captured american spies but the difference was they were spies. in other words, the americans that were captured were, indeed, spies, they were working for the united states government. they just weren't in russia as normal citizens and then we exchanged those spies. that's what this is taking place here. the chinese have already done this with canada, with australia and with switzerland in retaliation for their taking
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action against chinese people operating there in their country. one very notiraty for doing the same thing. maria: yeah. jack: will china follow through on this, i think they follow. we will wind up exchanging who they take and who we have under arrest. you're using the right term. they will take them as hostages because they are innocent americans, they are not working for the united states government and they are not spying for the united states government whoever they do pick up. i think they will try to find some kind of connection to some alleged activity which will probably absolutely be, you know, false reporting. maria: so it sounds to me that it's not safe to travel to china right now. you've got indictments that have happened with substantial stories around them. these people have been tied to the chinese military.
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the chinese military is the priority in china, so you've got these students saying that they are on student visas meanwhile they are spying for the chinese military and they are just going to detain americans so they can change the result of these indictments. would that be something that the u.s. government would do, drop the indictments so that they release innocent americans? jack: well, that's what the chinese communist party wants to have happened. i don't know what the government's position would be on that. we also have other pressure points. listen, what's really happening here is, is that the world is relooking at relationship with china and they are back on the heels somewhat. i think that president xi overreached, certainly spreading the world pandemic and clamping down on hong kong and what he's doing with the uighurs with the
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internal camps. i'm not suggesting for a minute that president xi is going to change his policy and all of a sudden he will start exercising soft power and being aggressive. i'm not saying that. he has seen pushback that he has not seen internally in his own country. maria: yeah. pardon me, general, at the same time during this coronavirus pandemic, the chinese communist party has upped aggressiveness. militarizing the south china sea, moving to hong kong with new laws and regulations. the south china morning post reporting that china is beefing up coastal forces in preparation for possible invasion of taiwan. military observers say that china upgraded military bases, moved advanced hypersonic missile to the area. general, we know that china
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recently invaded india and as a result 20 soldiers are dead because of a fight at the border of the himalayas. now they are increasing their forces near taiwan. your take on this. jack: well, i wouldn't go so far to call invasion of india, it was a border scrimmage that the chinese believe is international boundary favorable to them, yes. did they start it, you bet you they did. i think that's the aggression. what has been going on with president xi since he took power, he wanted to unit china and that is take control of tebek, mission accomplished. he blew away treaty before it expired and has control of hong kong. third piece that's remaining and that's taiwan. he tried to do 3 things, make
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sure taiwan will not declare independence. number 2, they wanted taiwan to submit and voluntarily become part of mainland china in the sense of control of the ccp. they have not done that. as a matter of fact, their resolve because of china's aggression has strengthen so much so that the majority of the people who live in taiwan do not see themselves as chinese. they see themselves as taiwan taiwanese. he knows full well despite intimidation and coercion, taiwan is not going to buckle. is he going to force this to take downloaders and legislature and force surrender or all out invasion? he has a number of options. the other options have not succeeded.
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this remains to be seen. i think the united states should do something and do something very significant here geo politically and with our allies make a statement that we will defend taiwan. right now that's ambiguous, why is it ambiguous? the taiwan relation's act of 1979 when jimmy carter was president and recognized the chinese communist party as a country, we broke with taiwan and we said we can arm taiwan and we left its defense ambiguous. we should remove that ambiguity. we are arming them and we should tell the world that we would defend them if there's an invasion as well. that is the best way to prevent the invasion. maria: just extraordinary, dangerous situations across the world. general, great to see you this morning, thank you so much. of course, we will be keeping china and make sure to preorder my book, i talk about conflict, trump, china and american revival, out october 27th, next week, you can preorder it right
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maria: welcome back, coronavirus warning for final quarter of 2020. top infectious disease expert dr. michael suggesting that the next 12 weeks will be the darkest of the pandemic. we will see numbers higher than 75,000 daily cases between now and holidays.
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joining me now medicine dr. mikhail varshavski, aka dr. mike. what do you think about that? doctor: good morning, maria, thanks so much for having me. i think when it comes to predicting numbers with regard to covid-19 we in the scientific community have been largely inaccurate. all our models have been wrong. it's not to say that scientists don't know what we are talking about. it's a novel virus and there's a huge variable at play here which is us the people. where i see the darkest days ahead of us coming from is from the amount of political polarization surrounding this virus. the fact that we in the scientific community when we say something, we put out information, it's met with hesitancy, distrust. for example, maria, we have a vaccine, a potential vaccine that's going to be coming out in the next months but the amount of people who are actually interested in getting the
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vaccine is falling with each day and i think largely comes from the rhetoric where we are saying scientists don't know what we are talking about. that's not true. i would love to see the administration step up and instead of creating a battle with scientific advisers, step up, trust us, work together because we in the scientific community cannot do it alone. we need politicians' help and the politicians need scientific advisers in a moment like this. so i really hope we can collaborate better than we have thus far and restore faith into science. maria: yeah, i want to get your advice in terms of what people should be doing going into the next 6 to 12 weeks. is there anything different that we should be aware of that perhaps this other spike is on the way? doctor: yeah, i think because we've developed this fatigue, fatigue of the pandemic, we are all tired of it.
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because of the fatigue, because we will be spending more times indoors because of the weather, we need to play it safer than we have over the last 2 or 3 months. play it more conservatively. take less chances, be around less people, at least for the next 6 to 8 weeks and guide yourself based on the numbers that we see coming out. but for now play conservatively as possible. maria: yeah, let's be cautious going into this colder month. dagen, jump in here. dagen: i just want to -- dr. mike doesn't need to answer this but the antivaccine fear-mongering is coming from democrats. it's been coming from joe biden and kamala harris and front and center yesterday was governor andy cuomo on good morning america saying americans, quote, should be skeptical of any covid vaccine. the cdc and fda clear for use. now he's going to have his own team of doctors and scientists, california is going to have their own team of doctors and
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scientists to get in the way essentially of delivering this vaccine once it is approved by the fda to the american people. when you already have more than one quarter of people in the wall street journal poll last week saying they are not going to take the vaccine, that kind of rhetoric from democrats is appalling. it is beyond the pail that they are essentially frightening the american people for taking a vaccine which ultimately rescues us in terms of our health and our economy. that's got to stop but it won't because it's election season. doctor: absolutely, dagen. maria: go ahead, dr. mike. doctor: i don't think we should be villainize the fda and the cdc. president trump had a call not too long ago where he mentioned scientists of people getting in the way of his plan, we in the scientific community focus on one thing and that's science, we don't always get it right, we
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need to approach it with level of humanity but attacking science altogether is not a solution either. maria: all right, dr. mike, good to see you, thank you so much. have a great day. we will be right back. ♪ ♪ what if i sleep hot? ...or cold?
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not paint on his finger nails. i'm in a different camp on this one. maria: you're so honest, i love it, thank you, brian. next a pick me up for soda fan in your life. diet coke is giving out a year supply of the popular drink plus also giving out a mini fridge in new promotion to celebrate national boss' day but because everyone is the boss in 2020, anybody can be nominated online. dagen, are you going to nominate somebody? dagen: i'm a red bull and sugar free red bull drinker. i want to say something about the nail polish, men in cities have always gotten manicures and nails buffed to a high shine. treat nail polish as like jewelry, if you will, wearing a ring. a lot of my friends wear dark shade, black nail polish, it's super cool, come on. i can't even wear nail polish. i look like i dug a grave with
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my bare hands. any man who can polish, do it. maria: former white house chief strategist steve bannon will join us to talk about the hunter biden reports with what to expect 2 weeks before the november decision, it's all right here next, mornings with maria live on fox business. ♪ . . . everyone remembers the moment they heard... ..."you have cancer." how their world stopped and when they found a way to face it.
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soon people decided to put all that value into a piece of paper, then proceeded to wave goodbye to value, printing unlimited amounts of money as they passed the buck to the future. that's why it's time for digital currency and your investment in the grayscale funds. go digital. go grayscale. maria: welcome back. good tuesday morning, everybody. thanks so much for joining us. i'm maria bartiromo. it is tuesday, october 20th. your top stories, 7:00 a.m. on the east comment. countdown to 2020, the november election is on now, just two short weeks away. president trump is headed to arizona today. joe biden is calling a lid on it after -- until after thursday's debate and mute buttons for each candidate making an you appearance at the upcoming debate. all this as new documents appear to show hunter biden's signature on the paperwork from a delaware repair shop where he you
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allegedly dropped off his laptop. former white house chief strategist, steve bannon, is here this morning to talk about the latest on the newest findings and what they mean for the election. markets this morning are rallying, take a look at futures, indicating a triple digit gain at the start of trading, up 202 points, the nasdaq is up 91, s&p 500 up 26. we're getting earnings from the third quarter, just reporting a double beat from travelers. we're standing by for phillip morris, lockheed martin and procter & gamble. it was a rough start to the week yesterday. investors were focused on stimulus that never happened. big technologies sold off, that dragged down markets. the nasdaq was down 192 and the s&p lower by 56. we are watching any stimulus talks this morning. speaking of nancy pelosi and treasury secretary steven mnuchin, they're holding talks as pelosi's 48 hour deadline for
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a deal will end today. president trump's latest endorsement, why rapper 5 50-cet says the president will help him keep his money close to the vest. let's taco about it, taco bell wants to give you a freebie during baseball's biggest game. it's making a buzz this morning. "mornings with maria" is live right now. european markets this morning are mixed. fq100 is up 20 of, the cac is up 27, the dax is lower by 32. as you see, fractional moves there. in asia overnight, also fractional moves, the best performer was the shanghai composite in china, up about one-half of 1%. some of the top stories right now. fox news obtained new documents appearing to show hunter biden's signature approving repair work on his laptop computer. that laptop also shows his name in the bill to section. the fbi paperwork is also being
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revealed. that contains serial numbers and hard drives taken into possession from the delaware repair shop ove owner. all of this because on that laptop are e-mails that show hunter biden's business dealings overseas in china, in ukraine, kazhakstan. he was working for a ukrainian gas company while his father was vice president and he was getting payouts for introducing people to his father. we have more of that coming up. over a dozen republicans are urging attorney general bill barr to appoint a special council probing former vice president biden. we'll watch whether or not a special counsel is named. president trump is headed to pennsylvania today with first lady melania trump, her first appearance since recovering from the coronavirus. joe biden, however, says he's staying off the campaign trail this week to prepare for the thursday presidential debate which is going to be a big one. the commission on presidential
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debates announced a major format change, microphones will be muted while the rival delivers the opening two minute answer for each debate topic. federal prosecutors unsealed charges against six russian intelligence operators, accused of some of the biggest cyber attacks in recent years, including a set of ransomware attacks. five of the six were added of to the fbi's most wanted list. the group is considered to be among the most capable and dangerous hacking groups in the world. breaking news, procter & gamble out with quarterly results. let's get to cheryl casone with numbers here. looks like a beat. cheryl: it's a double beat. it's up about two and a quarter percent. the estimate, a buck 42, they came in at $1.63. the revenue came in at $19.32 billion. the company planning to return in cash to shareholders about 15
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to 17 billion over the fiscal year. organic sales up 9% for the company. they also saw a lot of strength in their fabric and a home care products and again, this is a company that is focused on of course keeping your home clean during a pandemic. real quick, travelers, this is really kind of the barometer for the insurance industry. i wanted to bring this to you. they did have a nice beat on earnings per share, the estimate was 303, they came in at 312, 7.55 billion revenue estimate, they came in at 8.82 billion. they actually booked a little more than $400 thanks to pacific gas and electric, all those fires, that was a cash return to travelers because they've been paying out a lot of those policies. a couple dow components we're watching this morning. travelers up about 1%. back to you. maria: with the moves in the stock, we've got a bump-up in the dow industrials right now, the dow up 206 points, about the high of the morning as this
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market is driven by better than expected earnings. time for the word on wall street. joining me now is dennis gartman, ken leon and payne capital management president, ryan p payne. thank you for being here. i want to talk about earnings. let's get to stimulus first, pushing markets higher this morning ahead of a new deadline for a deal. i'm not sure if any stimulus actually materializes, honestly. i'm not buying it. the major averages closed near the lows of the day yesterday. the biggest names of technology led the declients. i guess the sentiment turned around stimulus. the nasdaq is in the red for the fifth trading day in a row, marking the longest losing streak in a year. ryan, your take on stimulus and the deadline and what's driving markets this morning. >> i'm not buying the stimulus either. i don't think it's in the democrats' interest to pass any bill before the election. but what amazes me, maria, even with no stimulus, last week we had a rising -- had a rise in
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coronavirus cases and we had two vaccines that were halted in their testing, is the market continued to go higher with a positive return last week. we talked about procter & gamble earnings this week, they came in better than expected. so i think you're just going to see earnings continue to do better than expected. and i think the economy's going to continue to improve without stimulus which is a great thing. so it's really, really hard not to be bullish here and i've been a raging bull on your show. i can't help it. and i don't think we're going to get locked down again because i don't think you can tell americans to go inside. i don't like to be told what to do. i just think that we're going to continue to see that economy reopen and a i think that's the narrative that you have to follow here as an investor. maria: yeah. i think you're right, that's what's playing out. we're seeing better than expected numbers from corporate america. earnings season in full swing. two dow components, you just heard reporting before the opening bell, procter & gamble and travelers, better than expected. we are crossing phillip morris on the screen right now.
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you're talking about both of these companies, p & g and travelers with a double beat, more than 10% of the s&p 500 companies have reported so far. ken leon, let's talk about what you're seeing, your reaction to earnings, give us your models in terms of what kind of growth numbers we're talking about for tensioner season in the third quarter. >> in terms of earnings it's not going to be an investment worry. it's a question of the reduction of earnings decline which was 21% down for the third quarter. probably down about 10 to 12% in the fourth quarter. and the theme of going from red in 2020 to earnings in the black for 2021, and the sectors really tell the story. it's a question whether the consumer is healthy, consumer discretionary gets stronger in terms of earnings. additionally, production in the industrial sector and you know what, maria, the earnings beats are great but we've got to look to the fang stocks because investor expectations are so, so
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high for technology. and i think that really sums up the third to the fourth quarter is not only getting the decline of the red, but earnings beats really helps this market more and supports valuation. maria: yeah. and let me just point out that procter & gamble this morning is raising its guidance for sales for the rest of the year. the stock is up this morning and that's one of the reasons that the dow industrials are now at the highs of the morning with a gain of 207 points, procter & gamble is a dow component. that's up about 3%. do you think we're going to see good earnings? it's up 1 and a third percent, pardon me. are we going to see good earnings do you think in 2021. >> i think we will. it's going to be tech, consumers. the ones that will stay in the readies energy and real estate. the rest of the market i think is going to be very strong. and we're going to see positive year over year earnings in 2021 for sure. maria: all right.
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we're also of course looking for the election volatility. dennis, you pointed out it's not the resident of the white house that matters most but instead who is at the head of the federal reserve. your outlook on monetary policy, it's pretty unanimous at the fed, right, that you're going to see rock bottom rates until 2024. >> well, i'm not convinced that we're going to see rock bottom rates until 2 2024. that's a long time into the future. to me long-term is until next tuesday or so. the fed has made it clear it intends to keep the overnight fund rate low for at least a year, maybe two. look at what's going on in the grain markets. here's crude oil trying to get through $41.50. gold has been relatively strong. the commodity markets are turning from the lower left to the upper right. i think at the long end of the curve that means higher rates at the back end. so instead of having a 157 yield on the 30 year bond, i bet we
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get up to 3% in the next few years. whether they keep overnight fed rates through 2024 at 0% is another person's guess. they will stay low for a long period of time but the back end will get higher. maria: should people try if they're poised to lock in a mortgage do that sooner rather than later then, dennis. >> not a question. absolutely. the mortgage rates are unbelievable. when i bought my house 25 years ago i had a 9 and a quarter percent yield. we're at 3% for 30 year mortgages. it will be ill-advised if you didn't lock it in at this point. maria: all right. we'll leave it there. dennis, ken and ryan, great to see you, gentlemen. thank you so much. coming up, steve bannon is here to talk about the hunter biden corruption reports and a look ahead to the november decision now exactly two weeks away. north carolina congressional candidate madison cawthorn is here. don't miss that. talking about the future of the
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republican party and the 2020 races. plus trump energy advisor harold hamm on the 2020 race, why he says a biden victory would jack up the price of gasoline to six bucks a gallon. joining the conversation all morning long, dagen mcdowell and brian brenberg, a lot to talk about with them when we come bam. you're watching "mornings with maria" live on fox business.
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maria: more trade deals for this administration, the u.s. and brazil announcing a limited trade deal yesterday. the new mini deal will help strengthen regulatory practices and ease commerce between the two countries while aiding a crackdown on corruption. joining me right now is former state department senior advisor for the bush and trump administrations, christian white whiten. you are in brazil right now with the state department delegation. what can you tell us? >> well, it's actually led by robert o'brien, the national security advisor. the deputy u.s. trade
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representative is here, as is kimberly reed, the president of the import, export bank. the country has been promising for a long time, when it comes to u.s. exports and u.s. diplomacy but hasn't really materialized as an opportunity and that might be changing. like donald trump in the united states, the unabashedly pro capitalist president of brazil, an opportunity to turn brazil away from the nonaligned past where they kept washington at arm's length. [lost audio]. maria: one of the main reasons for this new pact with brazil is to thwart china's growing aspirations in south america. that was one of the goals for any mini trade deal. the shot went down in brazil.
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but christian was talking about this effort between the u.s. and brazil to try to balance or of counter-balance china's ambitions there. there yo you have the top expors to brazil in 2019. dagen mcdowell, you're looking at a new realization from many countries in terms of how they view china and whether it is brazil trying to do as much as it can with china -- with the united states, rather, to counter-balance china's ambitions, or the fact that right now 30 o 30 countries have banned huawei and zte, because of the predatory moves of those companies and the chinese communist party. dagen: in terms of trade, this is what we've been talking about for years is the united states locking arms with its trading partners to take on china and offset china's growing strength and dominance of the world which is exactly what the communist party does.
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this goes directly to doing that. maria: all right. be sure to watch this space because we continue to get more news in terms of the allies of the u.s. being in step with the u.s.'s moves against the chinese communist party. you heard jack keane earlier and my conversation about china's most recent threats that it will detain american as retaliation for the indictments we saw. be sure to preorder my new book, the cost, you can preorder the book right now at the c' cost book.com. coming up, the financial cries consequences of a biden victory, why that's swaying rapper 5 50 50-cent's vote. and two of eddie van halen's guitars going up for auction. the price tag is making a buzz this morning.
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maria: welcome back. joe biden's tax increases, higher earnings in new york and california could face a combined federal and state tax rate of 62%. that's under biden's plans. a new op-ed in the journal this morning is titled biden's public option would mean massive tax hikes, focuses on how the middle class will eventually be taxed to pay for government run health insurance plan. the op-ed reads this. campaign promises for large new spending programs and no new middle class taxes are easy to make. but the bill will come due at some point. and the burden will fall on future taxpayers who will be
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forced to pay for the broken promises of today's politicians. we talk about this a lot. there was also a story this week earlier, dagen, on the cost of bidenomics which went through the study of biden's tax, healthcare, energy regulation proposals, predicting less median household income by 2030. he keeps saying he's not going to raise taxes on anyone making more than $400,000. when you peel it back, most income levels will eventually see a tax increase. your take. dagen: the top tax rates under biden's plan will be higher than the tax foundation numbers. and i'll explain why. but you mentioned that $6,500 less in median household income figure which comes from the hoover institution study, it's about 50 pages. but it will also mean nearly 5 million fewer working americans and $2.6 trillion less in gdp.
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if you break down the numbers, part of joe biden's plan is he wants to extend the social security payroll tax which is 12.4% to income over $400,000. the current cap being less than $138,000. that would take the top marginal tax rate to 57%. if you include the 3.8% in medicare taxes. you add in like, say, california's tax which is 13.3% and you are looking at a top marginal rate of over 70%. and i know that a lot of well-paid and high earning entertainment stars are really concerned about this. maria: yeah. and that's why you're hearing particularly from the black community, supporting donald trump. rapper 50-cent is endorsing president trump after seeing biden's proposed tax plan.
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ice cube is also endorsing the president. he actually helped him with the platinum plan, which is making promises to the black community. brian, your take? brian: yeah. well, you know, the not so well kept secret of the biden tax plan is eventually it's going to hit the middle class and the op-ed that we're referring to points out why. the spending that he's proposed doesn't add up and the question is how do you actually pay for what it's going to cost to do his public option, to do the education spending, to do the green new deal spending. and either you're going to throw debt through the roof or you're going to have to raise taxes on the middle class to pay for it and that's why everybody ends up paying under this plan. joe biden will never admit it because he'll never admit the real cost of his spending. but anybody who cares to add it up can figure it out pretty quickly. that matters for all communities. but the big point here that doesn't just matter for the
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rich, it matters for the working class because when those taxes go up for them, when they go up in corporations, we end up paying for it through worse job opportunities and lower income and lower paycheck. this is an issue to everybody. dagen: 40 o 40 million americe employed by pass-through entities who are taxed based on the individual tax code, not the corporate tax rate. i interviewed 50-cent once at the new york auto show. i called him curtis jackson. he told me to call him curtis, not 50. [ laughter ] maria: well, it's interesting to see somebody of his caliber in the black community coming out and supporting trump. you see increasing voices from the black community, herschel walker, burgess owens running in utah, kimberly klasik in baltimore, as well as others
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that we've spoken to on the show. overall, the authors of the hoover study that you referred to estimate that the biden agenda if fully implemented would reduce full-time equivalent employment per person by about 3% and the capital stock per person by 15%. gdp by more than 8%. so there's also an issue on what the policies do for the recovery and whether or not it's going to create another slow recovery as we saw under president obama. we'll take a break. when we come back we're going to get back to expose the corruption that we've been hearing about this week. former white house chief strategist steve bannon is here to talk about the hunter biden reports, what it means for the 2020 election. then what a steal, taco bell wants to give you a freebie during baseball's biggest game. it's making a buzz this morning. you're watching "mornings with maria" live on fox business. ♪ oh, baby, baby. ♪ you think i'm in love. ♪ sent from above. ♪ i'm not that innocent
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maria: welcome back. good tuesday morning, everybody. thanks so much for joining us. i'm maria bartiromo. is tuesday, october 20th. take a look at markets this morning, 7:30 on the button on the east coast. we've got a rally underway, futures indicating a gain of about 200 points on the dow industrials, nasdaq up 79, s&p 500 higher by 25 after dow components travelers and procter & gamble reported better than expected third quarter earnings this morning, both stocks are trading up. we're standing by for lockheed martin numbers. they're on the screen, we have a beat on earnings. $6.25 a share versus an estimate of $6.09 a share on lockheed martin. we'll show you that stock coming up. revenue is also above expectations on the defense company. a departure this morning from what we saw yesterday on wall street. we had a rough start to the week as uncertainty over stimulus and big tech selloffs dragged down market averages. dow industrials were down 410,
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nasdaq was down 192, s&p was by 56. european markets are flat. the fq100 is up 12, the cac up 24, dax index lower by 45. in asia overnight, markets were mostly higher there. here too, fractional moves pretty much across the board. we're showing you the numbers on lockheed martin. we have breaking news with the quarterly earnings. let's get more on what the company is saying about the future. cheryl casone right now you with the lockheed quarter. cheryl. cheryl: the future is space when it comes to lockheed. the company just coming in with a double beat. they also just increased their dividend, 260 per share is the dividend they'll be paying. the earnings per share, the estimate was 609, came in at 625. the company came in at 16 and-a-half billion. in particular, there's been an analyst going into the call, there's been an increase for the third quarter when it comes to space infrastructure. remember nasa awarded $370 million in contracts and
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also they said they've got a backlog of 150.4 billion because remember, lockheed like a lot of companies had a shutdown in the second quarter. and now they're kind of catching up if you will and that's actually a really good story. they're updating their guidance for the year. and they're giving actually positive guidance for the full fiscal year and they're looking for 2020 net sales, 65.25 million and again, it's a good outlook for them. space systems coming in $2.85 billion in sales, this is satellites, missiles, all of that infrastructure and this is really what's being a good story for lockheed and the stock just went into the red as i was talking, marie y but those are the headlines on lockheed. back to you. maria: cheryl, thank you so much. we'll keep watching that. markets pretty strong this morning but we are turning to more questions for hunter biden this morning. fox news has obtained paperwork appearing to include hunter biden's signature from the mac repair store in delaware where the former vice president's son
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you allegedly dropped off his laptop and left it there. we've seen e-mails surfacing from the laptop over the past week which indicate business ties between the bidens and the governments of ukraine and china where you have hunter biden getting paid out from some of these companies to the tune of tens of millions of dollars, just as his father, the vice president, was negotiating policy with these countries. i spoke with the director of national intelligence, john ratcliffe yesterday. our interview went viral because he talked about this not being any part of russian disinformation and the legitimacy of these e-mails. take a listen. this e-mail is legitimate? >> so maria, the fact that i know so little about those e-mails and what is apparently on hunter biden's laptop underscores the point i just made. this is not part of some russian disinformation campaign. the intelligence community has not been involved with hunter biden's laptop.
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hunter biden is a u.s. person. he would be subject to any investigation regarding fraud or corruption, would be rightfully the jurisdiction of the fbi. so the fbi has had possession of this. what i can say, without commenting on any investigation that they may have into corruption or fraud, is to say that their investigation does not center around russian disinformation and the intelligence community is playing no role with respect to that. maria: and of course dni ratcliffe was pushing back on adam schiff, with falsehoods that this is somehow tied to the kremlin. we can report that fox news has verified some of these e-mails on that laptop. joining me right now is former white house chief strategist and host of the popular war room podcast, steve bannon. it's great to see you this morning. tell me what you know about this, this signature on these papers indicate that in fact hunter biden did sign his laptop and leave it there in that mac repair store. >> this is, i mean, mike
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emmanuel and fox have done another great job, they got an unredacted set of documents and they've proven now that's hunter biden's signature. they've got the fbi taking possession of it. they've got the subpoena from the grand jury. and ratcliffe says something very important. the fbi's had this since december of last year. i believe the president of the united states is going to have a direction conversation with the head of the fbi to say what is going on here. right. if you had come forward with any of of this, one, the president wouldn't have been impeached. the whole country could have focused on the pandemic. and bernie sanders would be or elizabeth warren would be the nominee for the democratic party. this shows you once again the fbi getting involved in a presidential election, questions have to be answered. this is not about a son's drug problem. this is about a father's national security problem. the chinese involvement here is linked with the policies of joe biden when he was in charge of the pivot to asia during the obama administration. and you've got a whole slew of
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-- and now with peter sh whitesser coming forward with the e-mails they have, you have a set pattern of the biden family being involved in, giving access to chinese communist party intelligence assets. okay. chinese communist party intelligence assets with their front as businessmen, right, coming in and getting access to joe biden as vice president of the united states and afterwards when joe biden was prepping his presidential run. this is a scandal of major proportions. here's how we know it is. the biden campaign has not come out and denied any of this. they now have joe biden in the witness protection program. it is absurd that the media's not all over the fact that basically for the last -- starting from friday when this came out and saturday and sunday and now for the next five days, up until the debate, he's practicing policy. he's supposed to know so much more policy than donald trump, that's what he says all day long. he doesn't need to study poll civil he's in hiding. -- policy.
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he's in hiding. he doesn't want the mainstream media to ask him any questions about this at all. the forcing function is going to be debate night. donald trump is going to come at this head-on because the american people need to see this and this is why you're seeing the momentum in the biden campaign slowing. biden peaked three weeks too early. you're seeing the tide recede right now, and part of it is that people want answers to this situation with the chinese communist party and his policies related to shipping factories and shipping manufacturing jobs in places like northeast pennsylvania to china. maria: well, i do think it's extraordinary that there seems to be this cover-up underway from the fbi to the media. i mean, christopher wray, you're right, was sitting on this. you have this at the fbi headquarters for a year. november, december '19 and there was a month and-a-half later an impeachment trial for president trump where they were accusing him of wrong-doing in ukraine. you would think that the fbi
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getting possession of this with all of these documents indicating business back and forth that somebody needed to raise their hand, bring this to congress, bring this to the impeachment trial to people would know and you mention that biden has not responded. we have the wall street journal assistant editorial page editor james freeman, the co-author of the cost, new book out next week, james freeman writes this this morning about the media coverage of the hunter biden story. in his new piece. have the bidens denied the story yet? he writes this. some media outlets chosen to focus reporting on whether some journalists were afraid to touch the biden e-mail story before the post published it unless and until former vice president joe biden or a member of his family wants to argue that the e-mails are fake. isn't there a responsibility for all jul journalists to acknowlee the post reporting and demand answers. steve, this was at the same time that a sitting vice president was negotiating policy with the chinese communist government,
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with officials in ukraine and his son is taking payouts. the media doesn't want to touch it. it's absolutely extraordinary to me that the fbi and the media could undergo -- could be undergoing this pretty much coverup. >> maria, this is also not about hunter. its not a conspiracy. i'm not a conspiracy theory guy. there are also no coincidences. i think the law of unintended consequences is that the mainstream media backing off and social media shutting the story down is making the story bigger and making it bigger for those that matter. low and mid-information voters that are making their mind up about whether to go to the polls. it's about getting people out to vote. in areas like northeast pennsylvania and ohio, they're coming to the conclusion that the father was involved. it's not about hunter biden. the 10% equity stake is joe biden. joe biden uses hunter biden as a bagman, uses his brother as the
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front man to do this. this is about joe biden. he has a national security problem. he's been compromised by the chinese communist party. the people who put the plague out onto the chinese people and people throughout the world -- 40 million people are infected because of the chinese communist party. joe biden is in business with them. joe biden has had 25 hours of meetings with xi. donald trump is going to force this out on thursday night into a global and national tv audience. joe biden is not prepared for that. the campaign has him in a witness protection program. the media has played ball. soft ball. presidendonald trump is going te him for the complete and a total phony he is. maria: yeah. but will president trump be able to do that thursday night? you saw the new rules from the commission on presidential debates. they say each person's going to have their microphone muted. first this debate was about
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foreign policy, now they're changing it. it may not be about foreign policy given that we have this information. what's going on with the commission on presidential debates? and will president trump be able to shine a spotlight on this story? >> from the beginning, the commission's been a complete joke. i've advocated throwing them aside and go one on one with the campaigns. however, you're not going to able to mute donald trump's voice and donald trump's indig nation about what the nation needs to hear. you're not going to stop donald trump from doing that. donald trump is going to expose biden for the phony he is, the lie -- he's lied consistently about that. okay. and i want joe biden to have his two minutes to answer. remember, they're not putting joe biden forward at all. why? because they know joe biden can't confront this. he's been lying for years. and now the lies have been exposed. there's much more stuff coming out. there's much more stuff coming out on the access to chinese
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communist intelligence assets, intelligence operatives, who they've been in business with. there's other activity that's coming out that's total depravity. it's been checked out by independent you law enforcement. it's all going to come out. >> maria: you think it's going to come out in the next two weeks. >> it's going to be all there. joe biden will have to defend it in front of a global tv audience on thursday night. maria: wow. okay. we'll be watching for that. steve, thank you so much. the debate's going to be so important. we'll be there and we'll be covering it right here on fox business. steve bannon, great to see you. come back soon. i want to ask our viewers, want to divert to another subject here. have you gotten your mammogram? we're going to talk with one of the leading producers of mammograms to tell you what's been going on during this shutdown and pandemic. stay with us. this is decision tech.
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maria: welcome back. an alarming impact of covid-19, a new report shows cancer screenings have been declining steeply since the beginning of this pan h pandemic because of e number of newly identified patients with any of the six major cancers has fallen by 46%, people are skipping annual screening appointments because they're in a pandemic and they're putting it off. joining me now is the ceo of hologic, steve mcmill long, which is the producer of leading
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mammography machines, among others. it's great to have you this morning. thanks very much for being here. tell me about this alarming trend. what are you seeing out there? >> sure. thanks so much for having us, maria. if you take a step back and think about the incredible progress we've made over the last 20 or 30 of years, back when i was a kid we had black and white tv, no cell phones, the tv has a little rabbit ears. when you heard the word cancer, somebody, a neighbor, family member had breast cancer, it was equated with a death sentence and we've made so much progress because of the early diagnosis. and so the annual mammogram and for that matter the annual pap test, they have dramatically improved our ability to identify the cancer early and then you can treat them. and what's happened since the pandemic is clearly, especially in that march through june period but still hasn't come back, just in march to june it was estimated about 285,000
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women put off their screenings. and the major thing we have to do is get people in early, when you can pick it up early and it's not nearly as deadly, then you can treat it and do -- basically keep people healthy. so that's what a shame right now is people pushed these things off. maria: well, that's right, steve. and october is breast cancer awareness month. so that's why we wanted to talk about this now. we want to make sure our viewers are keeping up with their mammograms, among others. how is hologic encouraging patients to come back in the office, keep up with annual screenings you amid the pandemic fears and tell me about your product line. i know you've got among the most sophisticated screeners out there. >> sure. we are the ones that invented the 3-d mammogram. it is by far the best at detecting early cancers and also eliminating the false positives. so our technology, we have been the leader and as a leader in
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the industry, we've really undertaken two big initiatives to try to get women back in. first off, we've used cheryl crowe who has been a partner with us for five years now and a tremendous spokesperson and partner with a back to screening campaign that we kicked off in july. and we've been working it with local cities and hospitals to really encourage people to come back and we have seen some nice resurgence but still nowhere near all the way back. we also just this month in recognition of breast cancer you awareness month kicked off a major campaign with the black women's health initiative and also an organization, nonprofit called rad-aid which provides mammograms to particularly lower income folks in conjunction with mary j blige as our spokesperson, also boosting the awareness. the other thing you tend to see in these things is women often put the rest of their family first. so they might be getting the kids taken care of and right now
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as you know, with people working from home, have you a lot of women putting everybody else ahead of themselves and not having their tests done. maria: and steve, let me ask you real quick, we only have a couple seconds here. how significant can potential cyst or tumor grow in a year that you put off the mammogram, that you may miss something in just one year because you're deciding, well, i'm in a pandemic, i'm going to forget this year and go next year? >> it can be very significant. and i'll come right from personal experience. my own mother was diagnosed first with breast cancer in 1997. luckily, they got it very early. so we were able to deal with it. she was -- she had a recurrence a few years ago, again, because she's been doing her annual mammogram they were able to catch it. you wait a year, it can be very different consequences. that's what people -- and the same with cervical cancer. you know, so it really is so
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important to stick with those and anybody that's put it off, don't put it off to next year. get it scheduled. get back in there. maria: yeah. steve, thanks for sharing the personal story. we so appreciate it. and thanks for your leadership. thank you, sir. we'll be right back. since pioneering the suv in 1935, the chevy suburban has carried many things. nothing more important than family. introducing the most versatile and advanced chevy suburban and tahoe ever.
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maria: welcome back. time for the morning buzz. first up, amped up for the auction, musical talent wasn't the only thing eddie van halen had going for him on stage, his personalized guitars got people amped up too. now, following the passing of the guitar ledgeen, some of his iconic guitars are going up for auction. they could hit six figures. dagen, you jumping in to put in an offer here? dagen: not yet.
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eddie van halen did customized guitars himself with tape. they're iconic, obviously. you don't know right now how much supply is of out there. one of these guitars up for auction is from a sh receive a a oyster house owner. if he was signing these things and handing them out around the globe, there could be a glut around the market so you overpay now potentially. that's my business wisdom as a van halen fan. maria: oh, wow, i like it. that is good insight there. how about this. taco bell and baseball, once again taco bell partners with the mlb, bringing back their steal a base, steal a taco deal. the deal offers a free taco if there's a stolen base during the world series. the dodgers and the rays starting the series tonight in arlington, texas. the deadline to sign up for the deal on the taco bell app ends later today. brian, have you signed up? are you hoping for stolen bases and free tacos.
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brian: i don't care who wins the world series and i want a stolen base every inning and i'll sign up for it. it sounds good. maria: all right. that sounds good. you too, dagen? you want your deal on tacos? dagen: no. i'll make my own queso at home, vegan. maria: okay. coming up, 2020 heats up, we'll talk with north carolina congressional candidate. worry follows you everywhere. over 100,000 people have left blood thinners behind with watchman. it's a one-time, minimally invasive procedure that reduces stroke risk-- and bleeding worry--for life. watchman. it's one time. for a lifetime.
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maria: welcome back, good tuesday morning, everybody. thanks so much for joining us. i'm maria bartiromo. tuesdayks october 20 top stories 8:00 a.m. on the button on the east coast, we are in countdown mode to 2020 election november election exactly two short weeks away. president trump is headed to arizona fai joe biden is calling a lid on things, after thursday's till after thursday's debate, new for each candidate making appearance thursday night going to be a big watcher documents appear to show
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hunter biden's signature on paperwork from delaware repair shop allegedly dropped off laptop detailing oversees bes details payouts to him his father was vice president, markets are rallying we are off the best levels shy of the best levels of the morning dow industrials right now up 161, the nasdaq up 48, s&p 500 higher by 20 points, we are saw is a pretty good earnings this morning double beats on earnings in revenue for dow components travelers and procter & gamble, and those stocks are doing well, lockheed martin also beat on top and bottom line stocks up about 3%, on travelers higher almost 2% p&g lockheed martin up a fraction it was a with rough start yesterday certainly as stimulus uncertainty big tech sell-offs dragd market lower dow industrials finishing down 410 s&p lower by 56 on wall street 4:00. >> big energy 2020 one thinks
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we see gasoline 6 dollars a gal should joe biden win the president steele, then this, the rise of sports gambling states seeing record bets when sports say most exciting to bet on going to talk about it, when we speak with head of fan duel, president trump's endorsement, 50 cents thinks the president will help him people money close to the vest "mornings with maria" live right now. . >> european markets this morning look like this a mixed story over in europe, with ft 100 up 10 cac quarante up 21 the dax lower by 63. in asia overnight, markets mostly higher fractional moves across the board in asia as you can see top stories that year watching this morning, fox news has obtained new documents, appearing to show hunter biden's signature and approving repair work on his laptop, also showing his name, in the bill to section, fbi
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paperwork has been revealed serial numbers hardest drivers in possession from delaware repair shop owner, has e-mails with business dealings overseas payouts working for ukrainian gas company father was vice president deals with chinese companies as well some have been verified by fox news the fbi has been sitting on this for a year. over a dozen republicans are urging attorney general bill barr to appoint a special counsel to probe former vice president joe biden regardless what happens in election in two weeks. president trump, heads to pennsylvania today with first lady melania trump first rally more than a year certainly first appearance since recovering from coronavirus. joe biden meanwhile, says staying off the trail this week, to prepare for the thursday presidential debate, going to be an important debate this thursday night covering it live commission on presidential debates announced a major format change for the
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final debate candidates microphones will be muted while rivals deliver opening two minute answer for each debate topic. >> procter & gamble er quarterly earnings releaseed last hour better than expected he revenue jumped 9% fueling demand for cleaning launching products, in premarket trading i, stock is almost 2 administrators, typically the third quarter for companies but on a different quarterly reporting agenda, travelers also reporting better-than-expected quarterly earnings -- doing well beat estimates on earnings as well as revenue, chafrlz unchanged gain significant earlier off the best levels obviously. lockheed martin also reporting better-than-expected earnings amid news you the company raised their full year outlook as well, lockheed martin shares also in the premarket on move up a third of one percent. >> federal prosecutors
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unsealed charges against sixrun intelligence operators being accused of some biggest tactics in recent years, 2016 hacking of dnr ransom ware tactics costing billions of dollars five of six added to fbi most wanted list group known as sand worms considering among most capable dangerous hacking groups in the world. hitting the new button commission on presidential debates announcing a major format change for the 2350i7b8g debate, this thursday night, candidates microphones muted while this rival delivers opening two minute answer for each talk about thursday's debate between trump and joe biden in nashville joining me right now is north carolina congressional candidate madison cawthorn here all morning dagen mcdowell, brian brenberg thank you so much for being here madison i want to kick it off a with you give your sense of north carolina and the vote this is one of these swing states, that president trump needs to win,
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if he is to win a second term. . >> indeed, well, i tell you significantly amount of time here starting to see up swing, here in my district in mountains, president trump is very well liked, very well-loved, and people proving approving what he has been doing how handled the coronavirus and foreign affairs last debate performance not spectacular not going to get people -- but looking forward to seeing him take on joe biden coming debate. >> let me bring panel in are a handful of states north carolina being one of them, florida being another one, dagen weigh in on florida and swing states, we are looking at the economy in some of these swing states as also, potential to getting voters moving, and getting them out to vote so far you've got florida, in the polls according to this poll, by
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"usa today," the president lagging there, joe biden lead over president trump in florida is shrinking though gone from 44.5% last week to now 46% this week another poll has joe biden gaining in georgia going from 47.1% last week to 47.9 this week dagen. . >> i think one thing that -- spoken to lee carter about this one thing that president trump needs to hit on these are the theory unanswered questions say for biden and trump are the ones, that will move voters. and for biden is is this guy going to shut down the economy? again? >> he uses that phrase which i heard repeated, as a talking point, from liberals on television, that you got to fix the virus to fix the economy. well does that mean you are going to shut the economy down? again? because we have talked about
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the deleterious effects on lives livelihoods of individuals whether not getting cancer screenings holding children back not let back into school, and what about the devastating effects on business across the country and the loss of jobs in the nation? he is really good to answer that, and the fearmongering we continue to get maybe not from biden but cuomo about the vaccine, is essentially saying, if you are fearmongering discouraging americans from getting a vaccine, irliterally killing you are literally killing people if you are going to tell people i wouldn't take it if trump is in white house. you are killing people. maria: yeah. madison your reaction, you are in midst of your congressional race we know that, what are you expecting for the future of the republican party? >> well, you know, i just had my house vandalized by these
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vandals came here kind of antifa type punks i think speaking to political climate in america right now. and i think we need dispense with way parties being a the best way to do it for republican party to take a leadership position. i think when you leaders get rid of tribalism move forward try and move everyone to be americans right now division that our country is fierce the republican party the party of no just -- that is against liberals rather than party that has the full idea that will lead us into future, you know, maria i have kind of sensitive, op-ed on it i believe there is a way that our republican party can be the leader it needs to be to make america great again. maria: i think you make really important point, because your house was just vandalized. are you okay? did they take anything of --
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of real value? because this looting, and vandalizing crime has to stop, and for a long time, you didn't really see the president opponents dmoings that they kept saying they are peaceful protests and weren't peaceful at all many of them. . >> i know so true, honestly didn't see them denouncing until showing up in polls led by what is politically convenient not by position you don't see roadwayoting in streets we are mature about it these are childish antiques the left has been pulling the leadership on the left you are encouraging people to riot, by not denouncing it led to violence and people not respect authority you have uncontrollable mobs i we are in can happen to a lot of major cities after we have a red wave in november. . >> have unbelievable good to
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have you this morning thanks very much in north carolina we take a break whether we come back 2020 economic choice, trump energy adviser haroldham is harold hamm is here a warning biden could drive the gasoline to 6 bucks a gal the search for phobias what was breaking people out in 2020 is making a buzz this morning, you are watching "mornings with maria," live on fox business. ♪ ♪ o ok, just keep coloring there...
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preserve monopolies in search and search advertising we know that google currently enjoys 90% market share, in search. that is google the antitrust suit is going to be filed today, from the did department of justice markets this morning are higher, futures pointing to a gain start of trading this morning despite this decline in google and other names, we are looking at better-than-expected earnings pretty much across the board this morning, dow components travelers, procter & gamble came out better than expected boosted the market investors optimistic that the talks resumed on stimulus deadline today dow industrials up 113 nasdaq up 28 s&p higher by 1 tiger 21 chairman, michael good to have you this morning tell us what is most important to your members this morning, what is driving their investing. . >> so i would say two things in the short term members
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built a lot of cash, 19% never seen anything like that in our 10 years of tracking these numbers from 12 percent the beginning of the year, and reduced market exposure looking at market also beyond market to what are really big trends in a.i., artificial intelligence, is now you slated to create 15 trillion dollars next decade per year a concern half to china less than half to united states still a huge number so in long term, trends like a.i., technology, in the short term sort of wait and see where election will shake out, and in white house after jan. . >> i want to ask about ai in a moment going to come back to that let me get your take on the other major aspects that your members hold that is real estate, we've got signs of specialing new york city
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commercial properties, michael that is fueling worries for investors people say a sign every trouble ahead for commercial more gauge backed skurlths, companies cancel leases want smaller amounts of space for commercial real estate, what is your take what is going to be on in that market? >> on commercial real estate, used along with residential most fundamental transformation with retail, and anybody's guess how it will come back history shows new york city will come back after the pandemic, but maybe people woblt be working as much from offices they were you see what happened to wework, huge amounts of space available, and there has been a flight to the suburbs from all major cities, from the pandemic. you know, around new york a year ago, you couldn't sell a house in greenwich connecticut
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today can't find one to apply they have all been bought used massive historic shift out of cities but new york city will come back eventually but going to take some time. . >> you said over short term your members are looking at election, but useful got sizable cash levels are they raising cash ahead of this countdown to 2020 november election ? where two weeks away from election day, do you believe they are trying to come up with a strategy should joe biden win by raising cash, because of that 4.3 trillion dollars in cash increases we are expecting from the biden camp? how are they positioning for either result? >> so, you know, would i say members are probably split we have you a bipartisan membership 850 entrepreneurs depends where you sit. from either way a lot of uncertainty, some people are raising cash because they see
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extraordinary opportunities, starting to emerge in in distressed areas particularly real estate distressed areas others want cash to be able to weather the storm. no matter the reason you can see jumping to 19%, is quite historic, in terms of -- buttoning down getting ready for whatever is going to happen. >> 19% big number michael let me end where you began, that is artificial intelligence. a.i. how are you capturing the growth of ai i did a documentary on artificial intelligence i know while it is going to cost some jobs, it is also going to mean tremendous growth for virtually every sector, that oem pelosi a.i. whether driverless cars or whether white collar jobs technology is, you know, mimicking what we are doing we will be able to replace humans make up that
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much more productive -- exactly right there are seven major ai companies did you did nothing but play that it is amazon alphabet, facebook, microsoft, here and china by due, 10 cents, alibaba obviously, that is just the head of the storm so to speak. i think the most important thing is as much as extraordinary wealth will be created for the winner take all ai marketplace, you will also potentially replace 25 or lose 25 to 50% of jobs here and in china over the next 15 years. so you have this -- you have this amazing positive and we still have to see, how many jobs will be able to be shifted and not lost because of all these changes. the. maria: yeah my favorite part of ai is impact on health care. because that is really going to touch all of our lives, that was so interesting out of
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accountable "the wall street journal" in op-ed calls on government to take action, against beijing writing quote congress has power to limit or with draw a foreigner state sovereign immunity should consider in response to covid-19 as against spors of terrorism act to 016 congress should authorize federal government to intervene, in admit dedication to secure is a diplomatic resolution compensates plaintiffs mitigates future harms brian
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brenberg what do you think should congress be stepping in? >> we ne where this virus came from, people want to see accountability. . >> yeah, the problem has been, you can't get it out of china everybody is saying this is where it came from, they should be accountable for it how do you do that? this is an interesting way, congress would have to act to remove sovereign immunity so that a suit could be brought against china, because they failed to inform the global community misled global community i don't know what success it might have, but i think people want some kind of recompense for this i also think really important to look at it right now caution fortune, is using this moment, to try to dominate grow influence in global economy while we are par looised we talked about this earlier if we don't do something the
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global loup for us for countries corn the globe we have to have a way to go after china this is interesting congress could act to make it possible. maria: interesting, you know dagen from my new book coming out next week i interviewed the president behind curtain in terms of we're doing a deal with china not doing a deal with china signing phase one not signing a phase one draft all the dealings chinese communist party would not admit to stealing intellectual property, that is why they really could never get any teeth in any agreement to stop the theft, because they would never even agree that they had been stealing this is one part of the bad behavior brien is talking about invading india, militarizing south china sea, of course, moving into hong kong with new laws regulations. dagen: and the democrats are never going to change the
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regulations to allow lawsuits against fortune. you say china virusure called bigot racist calling it china virus even though this is where it originated the communist government lied very least elements of the virus unleashing it on world killing a few hundred thousand americans alone merging from this their economy is is at a great clip what are they up to? china virus the democrats never do anything, because they are -- anti-trump than pro-american. . >> that is exactly right, they it is extraordinary to me that they are calling out president trump, but they refuse to call out china, for allowing this deadly virus to escape its borders, all in new book i hope you preorder my new book
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"the cost: trump, china and the american revival," out next week october 27th you can preorder it right now, the costbook.com you are watching "mornings with maria" live on fox business. non-valvular afib can mean a lifetime of blood thinners. and if you're troubled by falls and bleeds, worry follows you everywhere. over 100,000 people have left blood thinners behind with watchman. it's a one-time, minimally invasive procedure that reduces stroke risk-- and bleeding worry--for life. watchman. it's one time. for a lifetime.
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maria: welcome back tuesday, october 208:30 a.m. on the east coast, weaker an hour away from the opening bell, let's take a look at market here we are standing by, for housing permits are building starts september futures indicating a gain start of trading well off the highs of the morning, are building permits up better than expected get right to it, breaking news, september building permits housing starts hitting the tape cheryl has the numbers. cheryl: turn of developments to housing starts first because that came in a little bit soft excuse me this is this is breaking ground to be clear here, so estimate was 1.457 million we fame in 1.415 million, are i got to say
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august housing starts got revised down a little bit so 1.39 million, so permits that is where you saw strength, so this is when people are saying okay i am going to build for 1.52 permits came in 1.553, no revisions to that number, so again when you got low interest rates exodus from cities to suburbs, housing starts might be stronger a little bit soft watch the home you builders crucial day back to you. maria: we are looking at a market that has given up some of the momentum and i think it is because of the numbers because, before this month cheryl we were seeing a significant move, in he mortgage the how big market that had been really one of the strongest parts of this recovery. cheryl: incredible -- yes incredible to watch numbers becauseives looking at the low that we had during the
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pandemic that was april, the starts number coming in 934,000 isn't awful but still you had a lot of weakness this the spring because the economy has completely shut down, i expected numbers a little bit stronger than they were economists as well expected when it comes to starts, but, again, in this really kind of low interest rate environment we will see what next month brings again we have seen exodus. maria: housing starts expected to be up 3.8% gain is 1.9%, as you can see, this market well off highs of the morning this is what has taken, some of the steam out of the sales for this market we are now two weeks away from election day, a number one issue, is the economy, impacting the polls energy policies also, very important as part of that economic policy, president trump is focused on energy independence, increasing drilling for oil and gas, joe biden touts a coastal
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investment in clean energy said do to go go away with fracking then said is a it wasn't going to do away with fracking not sure where biden is on that joining they chairman continental resources harold hamm great to have you this morning thank you very much your assessment of the economy we got this news, on housing starts, and i am wondering if that is what you are seeing from energy perspective that we actually hit a little bit of a soft spot in the last month. >> good morning, maria. thanks for invitation to be on your show, absolutely we are seeing soft spot last several months was energy, and the demand has been down, some 30% drop, you know back in april. and may, and, you know, the man has come back but still
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not back to prior levels it is good to see -- in there again, are and find out if safer to fly than most people thought. so, anyway, oil price stabilized natural gas prices good uptick in that so, you know, starting to normalize. maria: walk through the scenarios as you see them about what would president trump second-term or joe biden victory mean for energy. >> well there is a certainly a stark difference, that you see between these two candidates for the presidency here. of them president trump is all about consumers, and keep energy prices energy independent for america able to bring that about, and has been, terrific. several that has consumers
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people -- prices, on the other side we've got somebody that wants to flip-flopped a couple times absolutely said that he would -- the generation of wells that stops industry even more than that said have to perpetrateing on federal lands. and no permitting on federal lands takes in a lot of america's federal lands, way only new mexico montana name it so it is a stark difference. between the two. and this brings in a lot of -- if you top fracking the sand mini production of white sands in wisconsin, and minnesota, certainly all the service sectors of the industry that
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spread across america, that provide services for our industry, and that is tremendous -- fracking -- natural gas production u.s. manufacturing seen considerable uptick under president trump but because of cheap -- natural gas was able to bring on, what happens to that is you go back to the prior you know go back to scarcity. . >> you make a good point because the energy business unlike others, has lots of indirect impacts, so you cut back on energy in one area you have got the services, the drillers, the work people, you know, that lots of different areas, that we will get impacted potentially out of a job, this is what you are talking about in your op-ed this morning you write an op-ed on foxbusiness.com you say a biden presidency could
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send gasoline prices up to $6 a gal even do i believe americans electricity bills tell us how you get there. >> well, the way you get there you go back to scarcity, and you are dependent on arab nixes opec, primarily, and if they decide to cut off your supply run that price up overnight we have seen it before certainly could see it again. so what we've done in america being tremendous we brought on the 4.05 a gal twebt to two -- those changes have come about because of what we've done in america so good -- i want to talk about climate a little bit, too. you know. biden is all over that. that a let me tell you that you know he was the first one
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in congress actually to support jimmy carter's disastrous energy policy in if 80s, and, actually, voted that you couldn't use clean burning natural gas, and started not only u.s. but the world, on a trend to use only -- that was only thing you could use was coal. coal-fired, electricity generation, and 1978, 19 -- 70 -- use that that the president talked about energy policy as one of the key movers economic growth he opened that spigot cross the country where we had the potential harold hamm joining us executive chairmen of continue continental resources quick break the business of sports betting, is
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here much new jersey is raking in a buzz in morning, you are watching "mornings with maria" live on fox business. ♪ ohh♪ this week on "mornings with maria," tomorrow, delta airlines takes five-billion-dollar coronavirus punch ceo bastion is here thursday final face-off before election day sarah sanders an most crucial presidential debate in decades. and friday we are up early with expert insight analysis join us live 5:00 a.m. all right here on "mornings with maria."
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maria: debarreden state now gambling state shattering monthly record for sports beting in september beating august nearly 1 hundred million dollars joining us matt king great to see you. thanks for being here talk about your business your reaction to the statewide success in new jersey, where is there still room for growth? what are you seeing -- >> -- not in new jersey but across the board states come on line a lot more people
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legalized -- >> it is unique time for gamblers sports fans with, so many pro sports playing simultaneously for the first time ever, after shut down has anything other than football jumped in popularity for gamers game centers. >> it is across the board -- the activity, over -- anything else -- >> yeah, you know the audio is not great with you matt we are interested in hearing what you want to say because this is big business. so we want to get you your audio staticy, brian this is big money and even though you had the shut down gamblers kept going trying to, you
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know, trying to bet on whatever they could, around sports. . >> kind of a perfect storm for this business, on one hand you had people with a lot more time and that translated into more betting, states budget holes in the past they were resistant to sports betting now looking at it as source of revenue i think more likely you are going to see more states, in the next year or two, who move into this space, legalize it big fuse a college professor i am surprised how many college students are getting more interested in sports betting you could argue whether good or bad idea for people generally don't have a lot of money to begin with but a growing space. for budget reasons states i think just from standpoint of being home, having more time on your hands, people even young people getting he go into it. maria: we are looking at
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video when i went to visit, the sports grid, of course, fan duel, and i was astounded how they have been able to create an environment where you are watching, this action as it is taking place, you know. it is at meadowlands very cool to see how sports betting picked up you are seeing states like michigan, new york, maryland exploring legalized sports gambling what about that do you think we will see more states legal in effort to plug budget gaps. >> big revenue. >> it is big revenue o potentially siphons money from other things people spend money on, you saw this happen, as lotteries were introduced in states across the country particularly scratch tickets it hurt local small merchants would sell say other things,
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that consumers were buying that being said i am curious about the impact on the stock market. because when sports were shut down, because of the coronavirus pandemic you most definitely saw shift from people used to gambling to trading stocks i have friends who did that, it clearly was a -- a factor with robyn hood accounts listening to pashths in pandemic shutdown i wonder impact on markets who is doing analysis of gambling veers investi versus invest fixing you call that it. >> the audio wasn't great we will have you back soon we talked earlier department of justice is going to issue a suit against google, and antitrust lawsuit that will happen today. take a break look at that,
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then searching for -- fears most searched for phobias in 2020 you are watching "mornings with maria" live on fox business. ♪ ♪ . >> i love you baby, ♪ election season from ages president trump squares off against former vice president joe biden in candidates fighting for every undecided vote on the board coverage from every angle expert analysis from all-important presidential debate until the last votes are counted "mornings with maria." we are invested in you. .
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maria: welcome back. time for morning buzz first up medicine delivery on the fly,
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merck collaborating with a drone logistics company in north carolina to test health care drone technology could deliver medicines to areas with challenges expressing care brian what do you think. >> i do too i grew up in sort of more rural area where sometimes especially, for older individuals,it can be really difficult to get to places where they can get a vaccine, is love the idea that this technology, can bring it to them, especially, in this covid era, transportation issues can arise all the time a way to cut through that, so i like it i think good for folks outside of cities really need critical vaccines. maria: then this, this year's top fear a new report from psyu. ch news following anthropositive phobia the fear of other people is top fear piqued in mid-april during
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onset of coronavirus pandemic i guess people are afraid to go near other people because of covid. >> i think this will pass i don't know what a fear of your own family members is but i think, ultimately people get so sick of their loved ones who they've been trapped. >> i had with they will embrace strangers, so it could have the opposite effect eventually, maybe not physically but have to listen to spouse hum gershwin songs all day long. >> more "mornings with maria" live on fox business right after this. ♪ ♪
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maria: 30 minutes away from opening bell. company also announced it is freeing up cash for dividends and share buybacks. ubs shares higher. dow industrials up 105 points and the breaking news of the morning, the justice department is set to file an antitrust lawsuit against google. the suit will allege the technology giant engaged in anticompetitive conduct to preserve monopolies in search advertising, dagen, it is being talked about on wall street that potentially the government will ask google to split itself, the trillion dollar company to split in different segments. we know that in the search business, they control 90% of market share, stock is down a fraction right now, dagen. dagen: stock not reacting because this was expected out of the justice department, maybe splitup or google owns youtube.
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mitch roschelle has talked about this. if you want to add regulations in tech industry, tech executives will wind up riding the regulations. that being said with the censorship of the new york post story or stories on hunter biden, google, you could still search for it when twitter literally stopped people from even viewing it or sharing it. maria: it's interesting this company as it's gotten bigger and bigger, brian, it has obviously faced the law of large numbers and that has attracted regulators. you remember back in the 90's when microsoft was the target as it got bigger and bigger, google faced antitrust pressure from europe. even more significant than the u.s. >> yeah, you know, it's interesting google is sitting on $120 billion in cash so they have a lot of resources to fight this thing, the problem is they
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haven't made a lot of friends especially among republicans and conservatives in government and i think that's going to be a problem for them because those would have been natural defenders in the past. i don't see that happening now. maria: all right, dagen mcdowell, brian brenberg, great to be with you this morning. have a great day. seize the day, everybody. varney & company, stu, take it away. >> i will seize it. good morning, everyone. speaker pelosi says the gap is narrowing between the two sides in the stimulus talks and secretary mnuchin says the president will lean on reluctant republicans if an agreement is reached. just moments ago the president said he would be willing to go higher than pelosi's $2.2 trillion plan. investors seem optimistic. the dow after a 400-point drop yesterday bouncing back this morning with approximate

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