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tv   Mornings With Maria Bartiromo  FOX Business  August 24, 2021 6:00am-9:00am EDT

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larry: my last words are very simple, we protect americans, not the taliban. stand up to the maria: good tuesday morning, everyone. thanks so much for joining u i'm maria bartiromo. it is tuesday, august 24th. your top stories right now, 6:0e east coast. it is decision day for president joe biden, he is facing growing pressure from allies to extend america's presence in afghanistan beyond august 31. the fallout coming up. markets this morning are pointing to gains at the start of trading this morning, fractional moves pretty much across the board, dow industrials up 13, s&p 500 up 5, nasdaq composite higher by 45.
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yesterday stocks edged up after the fda gave full approval for pfizer's covid-19 vaccine. at the close, dow industrials were up 215, nasdaq up 228, s&p 500 higher by 37. european markets, it's a mixed story underway this morning in europe, ft 100 is lower by 22, cac down 25, the dax index in germany higher by 32. in asia overnight green across the board, hong kong was the best per former, hang seng up 2 and-a-half percent on the session. "mornings with maria" is live right now. and now some of the top stories that we are watching this morning. president biden turning his back and again avoiding questions on the crisis underway in afghanistan. watch. a countless number of americans remain stranded behind enemy lines. the state department doesn't know how many.
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politico reporting 4,293 americans have been evacuated so far, as the pentagon denies reports that the u.s. paid the taliban to allow americans free passage to the airport. adam schiff is calling the airport an attractive target for terrorists. he admits it's very unlikely that the u.s. will complete evacuations before the august 31st deadline. meanwhile, house democrats are now in a standoff as leaders struggle to get the votes to advance president biden's $3.5 trillion budget plan, they had plans to vote on the plans last night but canceled the vote amid all of the activity in afghanistan. some moderate democrats refusing to vote on it until the house passes the $1 trillion infrastructure bill, others are vowing to squash the bipartisan measure. nancy pelosi wants both bills passed. .meanwhile, the food and drug administration giving full
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approval to pfizer's covid-19 vaccination for people 16 years and older. in the review, the fda a said it finds the vaccine to be safe and effective in preventing covid-19 as well as severe disease, hospitalization and death, this comes as the delta variant continues to spread and the government continues making booster shots available to the general public. moderna and johnson & johnson are collecting necessary data for the approval process. the federal aviation administration launching a broad review of boeing and how it handles safety measures. there have been reports from boeing employees regarding their ability to be transparent with regulators. a boeing spokesperson says the company takes, quote, these matters with the utmost seriousness. in new york, kathy hochul officially new york's first female governor as andrew
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cuomo's resignation took effect, the former governor stepping down amid sexual harassment allegations. hochul is scheduled to deliver a virtual address to the public this afternoon. markets are fractionally higher, it follows pfizer's fda approval yesterday, dow industrials up about 20 points right now, s&p 500 up 5 and three quarters, nasdaq higher by 47. we're looking ahead to economic data this morning. the federal reserve virtually meeting for the jackson hole symposium this thursday and fed chair jay powell is set to speak friday morning. joining me now is chief investment strategist, david kudla, joining us all morning is dagen mcdowell and christian whiten. thank you for being here. david, kicking things off with
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you, we are in a big week, the week has arrived. jackson hole happening thursday and friday. what are you looking for as we see economic concerns going into this meeting now? are we pulling back our expectations of growth and what are you expecting out of the fed? >> well, it's interesting the path the fed's been on just over the past week. we had the fed meeting minutes released on wednesday of last week and there was concern because of the talk of tapering in those minutes. fed presidents came out later in the week to say the papering might be delayed or could be delayed further. i think there's a lot of people waiting to see what we hear out of jackson hole this week. we believe the taper talk is premature and it will be at the end of this year or into next year before they're even close to tapering and when you look at what's happened with the delta variant, the resurgence in covid, we have growth somewhat
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rolling over here or at least we expect a slower rate of growth going forward and that's being impacted by the delta variant even more. we think that the fed is not going to taper and we think if anything we'll have a doveish communication from jerome powell at jackson hole and that we continue to see the markets continue to do well on those doveish comments and lower interest rates. maria: yeah, you know, david, it's interesting, because we were sort of reading through the lines when we spoke with robert kaplan the other day, the president of the dallas federal reserve joined me on friday and just his comments suggested to me that maybe there was a rethinking of the tapering, maybe not so soon after the fall begins in october, which was a lot of the expectations, come october we start pulling back that money. but listen to robert kaplan with me on friday. it fits more in with what you just said than the prior estimate. watch this.
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>> the thing that i'm going to be watching very carefully over the next month, before the next meeting, is it having a more material impact on slowing demand and slowing gdp growth and so i'm going to keep an open mind on that and if it is having a more negativeect,fft miust emit mit mit e m m t adj m ewhaomroomm foms fom tt tha tha i'vetad. mad.riririririri here y therere' lfot lot poiateyus atidjng adjwngwngwng ng ta via vsingau nc ernnco eco kw yno lnoikik the the the m tl chce rchhtigigowig, davi d w an t a ney weeookt a a anomymymy gwingwiwi as we expectedarli thiars t y y a a yearap tap nowegnexteaxtr ratrrt >> yh.h. h.thinh. we look at where we've been this year with
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both cyclicals and value as well as the growth stocks doing well, but almost a maddening rotation between those two different styles within the markets, we think that going forward here we don't want to look towards i'd say an all-out out covid play but more of a growth oriented over value and cyclicals because we think value and cyclicals will struggle a bit through here and as you mentioned we like areas like healthcare, which is a defensive sector, specifically the medical technology devices but healthcare is a defective sector that can help us on days that we see the markets struggling and some of our growthier stocks struggling on those days, healthcare doing well as a defensive sector. so we're tilted towards growth with defensives in there for diversification, a little downside protection, specifically healthcare.
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maria: david, let's end on what's happening in washington this morning. we've got the house back in session, nancy pelosi is pushing for her membership to actually push forward the 3 and-a-half trillion dollars in spending as a priority, before the $1 trillion infrastructure plan. what's your take now in terms of all of this spending? do you think this plan gets blown up as a result of what's taking place in afghanistan? and how would markets react to that? >> yeah, i think that we have been really on historic, unprecedented amount of monetary stimulus which is mostly affecting the markets but fiscal stimulus as well and these fiscal stimulus packages that are still coming will certainly have a positive impact on the markets but diminishing so in terms of how they're rolled out. so as we monitor what's happening in afghanistan, as we monitor what's happening in
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congress and how they shift between or where we see them coming down on these fiscal stimulus packages, it matters to the markets but we also had that massive monetary policy that continues, 101 billion of new monetary stimulus coming in the week before bringing the balance sheet to 8.34 trillion. maria: yeah. yeah, there's certainly a lot of free money out there. david, good to see you this morning. thanks so much. >> thank you. maria: all right. we'll see you soon. we are just getting started. coming up, the crisis in afghanistan, the rush to bring americans home as we are learning of even more u.s. owned weapons abandoned in kabul, retired four star general jack keane is here later this hour. don't miss his analysis coming up. tennessee congressman mark green will weigh in on the administration spacing bipartisan criticism over the deadline to withdraw by august 31.
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plus, contemplating crypto, bitcoin topping $50,000 for the first time in months, what's driving the market, is it a good time to get? don't miss a moment of it. you're watching "mornings with maria" live on fox business. we'll be right back. ♪ ♪ give me everything tonight. ♪ for all we know we might not get tomorrow ♪♪ ♪ ♪ it's a wishlist on wheels.
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comcast business powering possibilities. maria: welcome back. thousands of people are still crowded at the kabul airport in afghanistan as the august 31st evacuation deadline approaches. biden's credibility is being questioned as allies push him to extend that deadline and his approval rating with voters dropping as he turns his back on
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any questions and his administration clashes with reporters. watch this. >> most of the criticism is not of leaving afghanistan, it's the way he ordered it to happen by pulling the troops before getting these americans who are now stranded. >> i think it's irresponsible to say americans are stranded. they are not. we are committed to bringing americans who want to come home home. we are in touch with them via phone, text, e-mail, any way we can possibly reach americans to get them home if they want to return home. >> there are no americans stranded is the white house's official position on what's happening in afghanistan right now. >> i'm calling you out for saying we are stranding americans in afghanistan. maria: joining me right now is the washington examiner's editor in chief, hugo girden. it's great to see you. thanks very much for being here. it's hard to come up with a more appropriate word, americans are stranded in afghanistan right now, aren't they?
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>> yes, of course they are, maria. they're absolutely stranded. that's why the administration is scrambling. it's really extraordinary to hear jen psaki accuse the reporter of being irresponsible. the chronic example of irresponsibility in the last couple weeks is the way in which the biden administration handled the pull-out from afghanistan. sometimes events are so big that they change the way everybody sees things. it causes everybody to reassess things. pieces fall into different places, there's a new pattern. that's what happened with afghanistan. both here in the united states and abroad, everyone is now reassessing what they think of the administration, what they think of america. it has consequences in domestic policy and we're seeing that in congress right now. and all over the world our friends and our foes are reassessing what does america stand for, what can we trust it to do, how strong is it, how weak is it. so this is changing everything.
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maria: this is a very big deal when your allies are not sure if you're an ally and the adversaries are not afraid and don't fear america. that's something that i've been talking about now for over a week in terms of the impact that this is all creating. then you've got the taliban actually putting the red line in place so the taliban spokesperson said that if we are not out by august 31st, it will provoke a reaction. so america is hostage to the taliban it sounds like and now you've got isis on the scene as well apparently. >> america is kind of on the run of this. as you say, it's all over the world. the taliban feels it can lay down positions and threaten the united states. china has taunted america and taunted taiwan, for example, saying taiwan can't really trust america to step in and defend it and the taiwanese saying we have to spend $7 billion buying
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military equipment to defend our ourselves more strongly. even the turks are defying the united states in that area. all over the world our friends and foes are judging. i don't suppose kim jong un for example is ignoring this. he's looking at this and saying how much do i have to pay attention to the united states. israel must be assessing how much can we trust the united states to defend us and help control the region and control iran. it's all across the board that this is going to change things. maria: and christian whiten is with us this morning and christian, you've already seen a comment from the mouthpiece of the chinese communist party, with the global times coming out with that tweet a week ago, pretty much putting taiwan on alert that the u.s. may very well not be there, given the cut and run in afghanistan. your reaction to all of this, christian? >> yeah, it's definitely --
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weakness is provocative and this is not occurring in a vacuum. i don't think the collapse in kabul would have happened as rapidly as it happened if it weren't for biden administration's weakness in iran. we've been begging iran for six different sessions in vienna for a deal. we threatened russia retaliation for cyber attacks and done nothing and i have to think that this is a period of elevated risk for not only taiwan but also for japan because china may be thinking this is the best time to do whatever it may want to do. maria: you don't think he would wait for -- go ahead, hugo. >> that's absolutely right. china is now sensing what it's going to do -- assessing what it's going to do in taiwan, japan is assessing how much it needs to adjust to china, if the united states is on its side. on capitol hill, now that president biden is sort of under water on every single subject except covid and he's not
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trusted on the economy, you've got nine or 10 democrats who might not vote for the $3.5 trillion bill. he's going to find it harder to do everything he's trying to do, domestically and internationally. maria: do you think the economic agenda gets sidelined because of this? >> yeah, i think -- well, i think that ultimately nancy pelosi may be able to make it squeak through. she's only got room to lose three votes. the economic agenda, everything is not so much put to one side as it's kind of obscured by the big deal of america's position in the world being questioned. i think the economic agenda, they may have to pare back the 3.5 trillion. it may be they have to pass the $1.2 trillion infrastructure bill, they can't push things the way they want to. all of these things are up in the air. maria: it will get tougher. >> yeah. maria: understood. all right, you hugo great to see you this morning.
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thanks very much. >> thanks a lot. maria: we'll talk soon. coming up, the clash over kabul, why the news media and the white house seem so far apart on what's taking place on the ground in afghanistan. we'll talk about it. stay with us. as someone who resembles someone else... i appreciate that liberty mutual knows everyone's unique. that's why they customize your car insurance, so you only pay for what you need. [ nautical horn blows ] i mean just because you look like someone else doesn't mean you eat off the floor, or yell at the vacuum, or need flea medication. oh, yeah. that's the spot. only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪ [engine revving] [car horn and collisions] [tires squealing]
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and the wireless controller helps deliver the right amount of insulin. get started with a free 30-day omnipod dash trial today. go to for risk information, instructions for use and free trial terms and conditions. consult your healthcare provider before starting on omnipod. simplify diabetes. simplify life. omnipod. maria: welcome back. so some members of the media clashing with the biden administration over its messaging on the afghanistan crisis. you just heard the exchange between jen psaki and peter doocy. later in the day a cbs reporter questioned patient gone spokesperson john kirby if he was being deliberately vague on the number of americans in afghanistan. then there was jennifer griffin also pressing kirby. >> why not reopen bagram air base? right now you're just bringing people out from kabul and it's a choke point. >> i don't think it would be a useful expenditure of our time
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to monday morning quarterback. >> i'm not talking about monday morning quarterbacking, i'm talking about why not look at the situation now. you need air fields that you can land on to get people out. >> what you're talking about would be an expenditure of resources and personnel as well as an increase most likely to the threat that they're under, to try to go back and as you put it retake bagram air base which is the size of a small city. maria: talking about personnel, dagen mcdowell. when president biden announced he would withdraw by august 31st, we had 2500 troops on the ground. today, we have 7,000 troops on the ground. in terms of personnel, dagen. they closed bagram air force base on july 5th with all of those americans still on the ground. your reaction? dagen: just admit that it was a
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major foul-up on behalf of the biden administration and their withdrawal from afghanistan. again, creating one -- to use the incomparable jennifer griffin's words, one choke point in the kabul airport there. but this is -- it's always been more important for the biden administration to control language rather than control the actual chaos. and i know jesse watters talked about this on the five yesterday but remember the, oh, it's not chaos at the border, it's not a catastrophe, it's -- what was the word that she used? my mind's a blank. maria: challenge. dagen: a challenge, excuse me. maria: it was a challenge. dagen: so it's the same issue
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now that they going to -- she's going to argue with peter doocy about whether people are stranded or not. it's just a fact. the american people can see this disaster that is fully on joe biden's shoulders. he was shooting for 9/11 to be -- for this big political win for him and now it is a -- maria: optics. dagen: right. and then they moved the day but he was going to -- you know, we're out of afghanistan and there was -- it's been one disaster after another and one lie after another. none of the messaging is grounded in reality. maria: it's a lot of lies, you're right about that. christian, real quick on this. i mean, it's all about optics here. they won't admit what is clear to all of us, seeing with our own eyes. >> it's like 5:00 followlies from saigon out -- follic from saigon out of the pentagon. one other thing going on, it's
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like an athlete who doesn't have a competitor. this administration is shocked to be getting aggressive questioning from a media that has been very, very weak against it really throughout the entire presidential campaign and up to this point and that's why i think you're seeing frustration from these spokesmen in addition to the fact that they're in a very bad position. maria: and the blunders are not only on afghanistan. we've got mixed messages to tell you about when we come back. we'll take a break and then dr. fauci backtracking again on when the u.s. can get the coronavirus under control. stay with us. no one likes to choose between safe or sporty. modern or reliable. we want both - we want a hybrid. so do banks. that's why they're going hybrid with ibm. a hybrid cloud approach helps them personalize experiences with watson ai while helping keep data secure. ♪ ♪ ♪ from banking to manufacturing,
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maria: welcome back. good tuesday morning, everybody. thanks so much for joining us. i'm maria bartiromo. it is tuesday, august 24th. your look at the markets this half hour, right now we have a firmer tone, dow industrials near the high of the morning, up 53 points, s&p 500 up 8, nasdaq
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higher by 45. we're looking at a fractional move on the upswing. stocks edged higher yesterday after the food and drug administration gave pfizer full approval for the covid-19 vaccine, no more emergency use. dow industrials were up 215, nasdaq up 228 and s&p was higher by 37. this morning in europe, a more mixed story, european indices right now showing the ft 100 down 10, the cac down 20, but the tax index higher by 52. in asia it was green across the board, hong kong the 3we69 best performer, hang seng up 2 and-a-half percent. dr. anthony fauci is walking back comments on the coronavirus pandemics again. cheryl casone with those details right now. cheryl: dr. fauci is apologizing after he said in a radio interview that the u.s. may get the covid-19 virus under control by fall of 2022. that's still over a year away.
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he corrected himself in another interview, saying if americans get the vaccine the country could regain some control as early as next spring. well, police discovering more than 300 ballots for california's recall election in a car full of drugs and stolen mail. investigators were looking into how the suspect who was passed out in the driver's seat got the ballots. people who had their ballot taken will be sent a new one. the suspect is facing multiple charges. elon musk panning his own product, the tesla ceo calling a pilot version of the company's driver assistance feature that they've been working on, quote, not great, on twitter. he added that they're working to improve it. the feature's available on just a small number of tesla's right now. it's a pilot program. but this is one week after u.s. regulators opened a probe into a more basic version of the software in the wake of 11 accidents since 2018 that involve tesla's. there's the stock in the
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premarket, up half a percent. then there is this, miam bial kim is going to be the first new guest host of jeopardy after mike richards' abrupt departures. he stepped down on friday amid controversy over offensive comments he made years ago in and workplace discrimination lawsuits he faced when executive producer of the price is right. bialik will host 15 episodes when production resumes this week, actually. richards, the shortest host ever of a game show on television. maria: all right, cheryl. thank you so much. the president under intense pressure to decide whether or not to extend the august 31st deadline to keep u.s. troops in kabul as a countless number of americans remain stranded behind enemy lines right now. european allies are also expected to urge biden to extend the deadline at the virtual g-7
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meeting taking place later today. joining me right now is fox news senior strategic analyst, general jack keane. general, we are so fortunate here at fox to have your incredible expertise to walk us through this crisis. thanks very much for being here this morning. >> delighted to be here, maria. maria: so you how do you see things? i mean, i was just struck by the op-ed in the journal this morning, the taliban's august 31st red line. first, president biden tells us he's got the red line of august 31st. now we know it's virtually impossible to get everybody out by then and the taliban says if you're not out by the 31st it will provoke reaction from a spokesperson of the taliban. your thoughts? >> yeah, well first of all, i mean, we have said here on fox ever since we recognized that we had to make a hasty withdrawal and evacuation of our people, we
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said what the united states policy should be is we're going to stay in afghanistan and get all of our people out regardless of how long it takes. we're not leaving until the mission is complete and that should have been said at the outset. 31 august is president biden's self-imposed deadline which has -- which was so ill-conceived, it caused all of these problems because there's no conditions for it and now we're going to walk away from the number one condition that we imposed on ourselves, which is get american citizens out and our afghan partners and we're going to wash our hands of that and say we'll turn this over to the international red cross or somebody else to do that. our national honor is on the line here, maria. and we have got to get this right. the whole world is watching us and we've already had chaos and debacle here and we've got to finish this thing in a manner that keeps the american people connected. they know full well that there
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are citizens there and afghan partners are there and we cannot walk away from them. that would be an absolute travesty. as it is, it's going to not take weeks or of months to recover from this foreign policy and national security blunder, it's going of to take years in terms of the consequences on our allies and the consequences it has dealing with our adversaries. maria: yeah. i think you said it so well when you just said our national honor is at stake here because i've been quoting the historian bernard lewis now for a week because he worried that the greatest danger to global stability is whether america comes to be seen as harmless as an enemy and treacherous as a friend. the mistake is in clear sight when you look at the number of troops on the ground today. that's what senator tom cotton raised with me on sunday. we've got, what, 7,000 troops today versus 2500 troops when biden first told us he wants
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everybody out by august 31. here's tom cotton from sunday. watch this, general. >> i think this illustrates very well joe biden's incompetence in handling this withdrawal, when he announced the withdrawal in the spring we had 2500 troops in afghanistan. we now have 7,000 troops in afghanistan, maria, to try to get americans out. so we have almost three times as many troops in afghanistan to get out of afghanistan as we had when joe biden announced that we were getting out of afghanistan. nothing could probably better indicate the incompetence of joe biden in executing this withdrawal. maria: your thoughts, general. how do we get out of this? tell us your thoughts on what president biden needs to do now. >> well, first of all, he needs to tell the taliban what we intend to do and that is get all of our people out and that may take some time as we've seen here. after all, it is the taliban that's obstructing this process. they have the fault for this
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thing being delayed as much as it is. so we have got to get back in charge of our own destiny here. yeah, i understand what secretary blinken said, the taliban are in control of kabul but we own our destiny and our destiny is to get our people out of there and we don't leave until that's done. the other thing is, there's no discussion whatsoever about what are we doing about the people who can't get to kabul, maria, because the taliban owns all the road arteries and there's certainly check points up there. we can work out plans if we have the will to go get those people at different parts of afghanistan and set up hubs to do that and tell the taliban this is what we fully intend to do. and take charge of that. but i hear no plans about that whatsoever and that is very disturbing. i mean, at the end -- go ahead, maria. maria: we did get confirmation that the head of the cia met
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with the head of the taliban yesterday. so perhaps this is what they're trying to do. but the taliban's making it real public, saying there will be a response if you're not out of here by august 31st and then of course, general, there's all of that military equipment that was left. it's been seized by the taliban, has no plans -- we have no plan to try and retrieve it, i guess, as the taliban is bragging and posting photos with u.s. military hardware captured including helicopters, the blackhawks, artillery, guns, night vision goggles, general. how does this affect our national security? i mean, it's pretty incredible that joe biden is trying to take away americans' guns and yet he's just armed a terrorist organization, the taliban, with some 80 plus billion dollars worth of weaponry. >> listen, maria, the collapse of afghanistan, al-qaida regaining its previously held
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safe haven and this ill-conceived, hasty withdrawal is one of the most serious foreign policy blunders and national security mistake takes that any administration has made post world war ii. that's the seriousness of what we're about. and the fact that the equipment that was in the hands of the afghan military is now in the hands of the taliban, that's what defeat looks like. that's the reality of war. they're going to take -- the victor takes your territory and he takes your property. that's the result of it. now, could a better job have been done in maybe destroying some of that equipment? yeah, absolutely right. but i know for a fact there's nothing there that's classified that's given away america's advanced technology. so that's a good thing. but, yeah, all of that's profoundly disappointing. listen, if we set conditions for the withdrawal, this whole collapse is avoided because we make certain it's done in the wintertime, not in the middle of the fighting season and we may have had to bring in additional
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troops so the other troops can take down the seven military bases and make certain that we're still providing support for the afghan military that's out there. this just was not done right and that date certain of 31 august got us in trouble right in the beginning and it's still plaguing us now which just should be fundamentally removed. it should be conditions based. the condition, we got all our people out. then we go home. maria: that seems like something that experienced generals in the military would understand, that you don't move in, do a withdrawal during the summer when the taliban is in fighting form versus in the winter when perhaps they're hiding in caves and not so ready. general, i know -- i've heard you say that a couple times on the air. it's a mystery as far as why joe biden did not know that. are you worried about pictures
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of heads being chopped off again like we used to see years ago, now that we know that afghanistan may very well be returning to a haven for terrorists? >> they're not going to publicize those kind of events on the internet, i don't believe, like isis did, who was fighting for identification. but they will be very deliberate and systematic in going about finding everyone who worked to the united states or our coalition partners, nato partners who were there and they will kill them and they will kill some of their family as well. that has already started. that's been their pattern in the past and they will have the time to go about this thing and get it done. that's why we have to stay the course, buckle down right now, and get these folks out. their lives are literally dependent on it. maria: wow. general, thanks very much for weighing in.
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maria: welcome back. we are contemplating crypto, bitcoin topping $50,000 for the first time in months, what is driving this market, is it a good time to get in? stay with us. we'll be right back in two minutes' time i've spent centuries evolving with the world. some changes made me stronger. others, weaker. that's the nature of being the economy. i've observed investors navigating the unexpected, choosing assets to balance risk and reward. and i've seen how one element has secured their portfolios, time after time. gold. an element so agile and liquid. a proven protector. an ever-evolving enabler of bold decisions. an asset more relevant than ever before. gold.
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maria: welcome back. the price of bitcoin surging again, the cryptocurrency passed the $50,000 mark for the first time in three months yesterday. take a look at bitcoin right now where we see the price pulling back this morning by 23,000, bitcoin looking to regain ground after a peak in mid-april, around $64,000, that was before falling back down to 29,000 last month. joining me right now is the chairman of the bitcoin foundation, brock pierce. brock, it's great to see you. thanks very much for being here. what do you make of this market here? what's fueling this most recent rise? >> well, it's something most of us in the market, we've been anticipating and that is, again, general uncertainty in the financial markets, again over $20 trillion have been printed over the last year, year and-a-half, and we're seeing rising in hard assets, real estate prices, stock markets,
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cryptocurrencies and bitcoin obviously has been again a big winner for all of those -- of us that are participating. maria: all right. i see. i get it. let me ask you about the uncertainty around the regulatory framework around bitcoin. s.e.c. commissioner, the chairman of the s.e.c., gary gensler was my guest last week. he called crypto the wild west, telling me on this program last week that more activity should be subject to government oversight. i want to get your take on what he is saying, he's promising tougher discipline if exchanges and other disciplines continue to offer assets without complying with trials, he said, brock. your thoughts on crypto regulation and what it looks like. >> well, first of all, the wild west became california and so it's very important that as a country we ensure that a the wild west becomes california and as a nation we benefit greatly
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from it. inside of the infrastructure bill that has been the main political topic for some time, the they put in place when it was presented to the senate some language that read on the surface to be about collecting $30 billion in tax from the cryptocurrency community, but it also left a lot of ambiguity in how this is going to be regulated, who it would be regulating potentially, those that shouldn't be regulated like software developers and potentially encouraging those businesses and those people to move off-shore. this is now before the house and i've been receiving calls from members of congress, asking our opinion. clearly, we're living through the fourth industrial revolution. technology is changing the world. it is changing our monetary system. it's changing our -- it's creating a new economy and it's important that this conversation has its own container so that we
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can make thoughtful, sensible decisions, most of us are not opposed to the concept of regulation, the idea of protecting the people. but let's make sure that this is sensible regulation and our regulators and legislators are taking the time to be informed so that they can make good decisions that benefit all of us in the long run. maria: what do you expect the timing to be, to understand better what the road looks like in terms of regulating bitcoin and crypto in general? >> well, sadly, as one that spends time with lots of our legislators and regulators on a state and federal basis, there is a big learning curve. what i would tell you is every single person i've met with is genuinely as far as i can tell interested in learning but i would say very few of them know much. but then again, we've got people like mayor suarez in miami, an elected official who has taken
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time, knows what he's talking about and his city is bin at the timing greatly from that knowledge. eric adams, the next mayor of new york city is doing great things. i'm talking to from honduras, i was with the president yesterday. maria: all really good points, brock. great to see you. we'll keep following that. brock pierce joining us. stay with us. we'll be right back. that spin class was brutal. well, you can try using the buick's massaging seat. oh. yeah, that's nice. can i use apple carplay to put some music on? sure, it's wireless. what's your buick's wi-fi password? it's buick envision. that's a really tight spot. i used to hate parallel parking. me too! the all-new buick envision. built around you. all of you. pay no interest for 72 months plus current eligible buick owners get $500 purchase allowance on most 2021 buick suv models.
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plate, prices start at 50 bucks a night. dagen, -- 550 bucks a night. would you party with the puppies and prosecco. dagen: i would. i would wind up going home with a puppy. i think half of the proceeds go to this dog rescue. the puppy party is only about a half an hour but just a warning, when you mix a charceutrie plate be puppies, it's not going to end well. i absolutely love this. maria: me too. christian, i know this is your first time on with us on the panel. we're big puppy people. [laughter] >> well, yeah, call me a sour puss, pun intended. when i get to the hotel room, starting at 550, that means it's probably more than that. i like nice hotels. i like puppies. i don't know that i want them to
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be combined. so much in the pandemic has been cut down. i think i want a clean room, a stocked bar, things like that. maria: i like it. we understand. quick break and then markets on the rise. the inflation debate is ahead. we'll talk about the auto sector. there is strength there. top investors watching your money with the word on wall street coming up. it all starts next hour right here. "mornings with maria" is live on fox business. ♪ ♪♪ ♪♪ [relaxed summer themed music playing]
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maria: welcome back, booed tuesday morning, i'm maria bartiromo, it is tuesday august 24th, 7:00 a.m. on the east coast. decision day for president joe biden, he's facing growing pressure from allies to extend america's presence in afghanistan beyond august 31st, the fallout as the administration does not have answers about how many americans are still on the ground. markets this morning are higher. take a look, the technology
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sector leading the way this morning with the s&p 500 looking to open at another all-time high. the dow industrials right now 67, s&p up 10 points. beginning unchartered territory and the nasdaq higher by 50 points right now. stocks rallied yesterday after fda gave full approval for pfizer covid-19 vaccine. that set the dow industrials 215 points and nasdaq strong up 1 and a half percent. 227 points higher yesterday. the s&p 500 at all-time high with gain of 37. >> european markets are more of a mixed story, declines in london and in paris, ftse 100 down 10 and cac down 21 but dax in germany higher by 50 points. in asia across the board. hong kong best performer, better than 2%. mornings with maria is live right now. ♪ ♪ ♪ some of the top stories that we are watching this morning, president biden turning his back and again avoiding questions on
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the crisis underway in afghanistan. the white house just released new numbers on the evacuation efforts saying that administration 21,000 people have been evacuated and countless of americans remain stranded behind lines. fox news confirming that cia director william burn held secret face to face meeting with the taliban defacto leader in kabul yesterday. this as the pentagon denies to pay taliban to allow free passage to kabul airport. meanwhile in washington, house democrats in house stance of their own to advance president biden's 3 and a half trillion dollar budget plan. they had plan to vote on the plan last night but the vote was canceled. there was yelling in the room according to politico. moderate democrats refuse to go vote on it until the house
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passes the 1 trillion-dollar infrastructure bill first. that's their priority. but others have a different priority. they are vowing to squash the bipartisan measure unless they pass the bigger 3 and a half trillion that we reported more like $5 trillion in cost. the food and drug administration giving full approval of pfizer covid-19 vaccine for people 16 years or older in the review, fda says it finds vaccine to be safe and effective in preventing covid-19 as well as severe disease, hospitalization and death. news coming as the delta variant continues to spread and the government considers making booster shot. moderna and johnson & johnson are collecting data for approval process for full approval on those vaccines. time for the word on wall street. top investors watching your money, cic wealth executive vice president malcolm, the university of akrin investment denise garthman and the host of
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payne's points of wealth podcast ryan payne. great to see you, gentlemen, this morning. denise, kicking things off with you. with markets in the green this morning mr. fda approval for pfizer's vaccine for full approval. we are looking at a firmer tone. we've got economic data out this morning and tomorrow durable goods orders today and gdp on thursday following manufacturing data this week, the fed virtually meeting in jackson hole symposium on thursday and powell expected to discuss inflation and how long it will last and when we will see the taper and what's most important on what you're watching this morning in terms of how you allocate capital. >> first of all, it's a bull market and surprise med how strong it has been and predicated around central bank monetary authorities continue to be expansionary as they have been in history and that's not going the change. the pfizer news was obviously good news yesterday no question about it. that helped things start on the
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upside and continuing the bull move but what i thought was most interesting during the day the announcement that the jackson hole would be virtual and that means talk of tapering may be put off in several weeks or several months and discussion in the september meeting but i think we probably put off tapering at least november and discussion at least november and ability to taper, cut the amount of supply of treasuries and the agencies that the fed has been buying won't occur until the end of the year. continue to be expansion and they have been and they are and they shall continue to be. the trend of the stock market is from the lower left to the upper right. it surprises me. i'm stunned by the fact that we make new highs on a consistent basis and bothers me that volume has been weak and margin usage has been declines for the two months now but nonetheless any
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time you try to fight the trend it's a useless effort, fading the trend is a bad decision, it's a bull market, it'll continue to ride this down until it stops. maria: yeah. [laughter] t interesting ryan, we have been parsing words from the fed and sounds like what we are hearing is the potential for a pushout of the taper, perhaps not the end of this year because of the delta variant and some other indicators that have shown the economy has slowed down a bit. we have a decline over the past 3 months in vehicle sales in parts but you say that the customer demand should say strong, what are your thoughts? >> that's right, because the reason we are seeing slowdown is not tapering. we have chip shutterrage, semiconductors, it's the modern oil. everything runs on semiconductors and it's a big problem that most companies is
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having, not that demand is going away which i will argue we are seeing tapering demand because you can't buy stuff. what's interesting and i think this is important when you're building investment portfolio, you want to own companies at pricing power and the automotives have pricing power. maybe they sell less cars because they have less inventory but they can raise prices on you and me, maria. that's critical. if you look at ford and general motors, old-school companies, they have up 45% and 15% respectively this year but trade dirt cheap right now. 7 times earnings versus s&p 22 earnings. tesla traded at 114 times earnings. f150 lighting which looks like a phenomenal car or truck rather,
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if you look at that specifically, 120,000 orders from a hundred thousand orders each year and they can't keep up with the production of it. so you're going to see a lot of the old-school car makers making electric vehicles which make me question you should own the old-school automakers and denise will be upset about this, i don't think ford accepts bitcoin yet. i'm sorry to say that. [laughter] >> other than that, it's a good buy here. maria: we are talking about the macro story here because -- because we've had such supply shortages, malcolm. that's the reason why the federal reserve has said over and over that inflation is temporary. what's your take on the macro story? we've got a recent rise in covid cases, vaccine mandates, travel industry we thought was coming back but then we are -- we saw a slowdown there, you're optimistic, right? >> i wish we could been as
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optimistic as denise. we do see positive for the travel story long-term and we see great opportunity to get in, obviously, at a discount compared to last year even and years before. and one way that we are looking at the travel industry that's directly linked to vaccinations but also the resurgence of delta and whatever it spawns to but what we are seeing is a trend where every single time bad news about the virus comes out, the travel stocks take a hit again. if you look at just last week, you had hyatt and marriott and hilton all 3, 4% losses in one week when we saw delta become even more significant with the level of hospitalizations, so it's been directly linked this entire time to whatever is going to happen with the virus, so the last thing the travel industry needs is for the virus to spawn and become another mutation or
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whoever else, it's going to hold it back even further. where we are encouraged is that we know that once the world gets back to whatever normal becomes, people are going to be looking to travel even more than they are right now and we are having an issue where airlines are oversupplied and overselling tickets and such and so people want to travel now even with delta being a thing, with testing being back and being required before you can take that trip you wanted to take with prices being higher, you know, than they've been in a couple of. we do know that folks will want to travel in meaningful numbers once this thing gets behind us and great to lock in travel stocks for discount prices for sure. maria: yeah, it's certainly one of the few places that you could really see transparency in terms of that pinned up demand. people want to get out there. we will see. malcolm, great to have you this morning, denise, ryan, always pleasure to see both. gentlemen, thank you, great word on wall street.
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we will catch you soon. much more to come this morning. the biden administration is facing bipartisan criticism over the afghanistan withdrawal deadline and the debacle. tennessee congressman mark greene is here and will weigh on that and assess on spending packages being discussed. then good-bye andrew cuomo, new york state senator rob ork getting his take on new york's first female governor starting today. the threat of fall of kabul, chad wolf is here as we learn the head of the cia did hold a meeting with the leader of the taliban this week. joining the conversation all morning long dagen mcdowell and christian whiten, we will get back to this fantastic panel when we come right back. you're watching mornings with maria live on fox business. stay withns us. ♪ ♪ ♪
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maria: welcome back, the doubt around biden's deadline. the biden administration facing criticism on both sides of the aisle on the possibility of extending the afghanistan troop deadline as they warn of consequences if the august 31st deadline is consequences. watch. >> i think it's possible but very unlikely given the number of americans that still need to be evacuated and the number of sid's and the number of others who are members of the afghan press civil society leaders, women leaders. it's hard for me to imagine all of that can be accomplished between now and the end of the month. maria: joining me right now is tennessee congressman house foreign affairs committee
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members. your thoughts on this deadline? congressman: well, i think there's no possible way i agree with -- there's no possible way they can meet the deadline. the dod is working to make people flow there and the perimeter that the biden administration put on. there's no way that they can make the deadline. what we need is a president that gets a spine and stand up to the taliban. we can't lead a single american in afghanistan. maria: where is this going? the taliban is putting out warnings, you better get out by the 31st or that will provoke a response, what are you expecting here? >> well, i think those words should provoke a response from joe biden. we are talking about means behind enemy lines. what he needs to do tell the
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taliban, if you touch a single american, we will smoke every one of you holding a hand. that's all it takes. they will stand down. 3 times during the withdrawal under the last president, under president trump he actually halted the withdrawal, bombed the taliban, they came back into compliance with the plan and he went on. joe biden needs a spine and he needs to do the same thing. maria: well, we will see about that. you're not hearing from him right now. look at all of the weaponry that was left on the ground. i mean, it's absolutely extraordinary to me that joe biden is moving to remove americans yet he just armed a terrorist group. congressman: his state department was suggesting early on that they want today charge americans flying back from afghanistan. you get a free flight if you come across our southern border and that's who these people are. it makes no sense to anyone.
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maria: yeah. that's a good point because giving out porous border and the wide-open border policy, we may very well see terrorists come in there as well. i know that there were a couple on the terrorist watch, ms13 members that were actually apprehended. whiten worked in the two administrations. >> some sort of mechanism of restoring american credibility, you know, the idea that we have this many which contrary to white house talking points are indeed essentially hostages and we are depending on the good graces of the pentagon, excuse metal bean. congressman, i was wondering, this is a failure, it was joe biden's decision to pull out our troops or start the process before getting americans out but we've had another incredible sale of intelligence bureaucracy
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and frankly is true, forced our commanders that the afghan and police are of decent quality and should head rolls in the pentagon and the bureaucracy as well? >> i think there are clearly some lessons learned from the dod but the biggest failure is from state. the intel community told the president that they needed to halt the withdrawal based on the taliban situation on the ground. they were very clear, we don't need to give them the bagram air force, the base there. biden said, no, i want the number of troops to go to this level and it was around 600. the military told him, you cannot defend bagram if you go to 600. he said basically i don't care and do it anyway, this is biden and state not getting people out. dod are soldiers, they are executing the order that is the commander in chief gave him and we just have a terrible commander in chief. maria: so where is this going?
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how does this play out in your view? look, he wants, he closed bagram air base on july 5th and without getting the civil apes out first. it's extraordinary. >> it is extraordinary. i mean, just think if we had one more base open, that would split the taliban in half and their ability to concentrate around the perimeter would decrease by half. our ability to get people inside the perimeter and flow them out would double. the way the president is thinking, it calls to mind where his cognitive abilities really are. i'm a physician, i'm not his physician, but it's very concerning. and i think, you know, the downstream effects, americas allies, how they view, the g7 starting to make demands on us, appropriate, we are letting our allays down. it rips my heart out to hear a
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member of parliament on the floor of the house of commons calling my president shameful and saying that they can't rely on their greatest friend. it's just unconscionable where we are because of joe biden. maria: yeah, tony -- tony blair called it an imbecile move. you're a doctor, do you think we will start talking about the 25th amendment? is he fit to lead? congressman: so that's, of course, a decision for his cabinet under the constitution, but i mean, there are going to be a lot of people who start going, wait a minute, this makes no sense. how can he possibly come to this decision? this is a bipartisan statement. i have democrat friends who are scratching their head going, we don't know what he's doing. we are confused. so that begs the question is he fit to lead and i think he should step down.
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i've been saying that since the debacle began. maria: congressman, great to have you this morning. thanks very much and we will continue to follow this. thank you, sir. congressman mark green. we will be right back. ♪ ♪ ♪
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>> you know me, i'm a fighter and my instinct is to fight this because it is unfair and unjust in my mind. i believe the right thing is that my service comes first. prolonging the situation can only cause governmental paralysis and that's just not an option for you and not an option for the state especially now. maria: that was now former governor andrew cuomo. kathy hochul becoming the
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governor at the stroke. dagen: people are grateful that they don't have to listen to this sack of -- well, liberalism in the days and weeks and months to come. i feel sorry for his dog assuming that the dog still has to live with him. again, the dog was handed off to people at the governor's mansion. he says that the dog will stay in the family but he was looking for somebody to keep the dog when i don't know, he went on vacation. but lever it up to former disgraced governor andy cuomo to commute a grant clemency to 5 men before he officially resigned including a commutation of a man who was -- david gilbert who was serving 75 years to life for his part in the brink's robbery back in rockland county. he was a member of the radical weather underground in 1981. that robbery led to two police
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officers dead and a security guard dead. this is on top of -- there were ten convicted felons including 3 murderers that cuomo granted clemency and pardons to just last week and former member of the underweather, his son is the da in san francisco, so when does the liberal lunacy end, i will leave it at that, it's just disgraceful? maria: christian, your thoughts? >> well, it's a swan song from a loser and as the communication guy, i don't know why that's necessary, why you can't wave from the car, the helicopter, the plane, what have you. i think beyond sexual harassment, cuomo will be regarded as the granny killer. basically stuck people who were covid infected intentionally into retirement communities and created tremendous amount of mortality and try today cover it
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up. where does new york go, doesn't seem there's ideological difference between cuomo and successor, taxes are too high, regulations too excessive and attorney general who is out of control and does that chase more finance across the ocean to listened -- london and singapore, but we don't know, we can probably conclude that. maria: good analysis. the risk of investing in chinese companies. the securities and exchange commission issuing new rules for companies to lift. we will get into it.
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trial terms and conditions. consult your healthcare provider before starting on omnipod. simplify diabetes. simplify life. omnipod. maria: welcome back, good tuesday morning, everybody. thank you so much for joining us. i'm maria bartiromo and it is tuesday august 24th, a look at market this is half an hour and we are looking at firmer tone this morning. expecting record high at the start of trading for the s&p 500. right now the dow industrials up
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63. the s&p up 8 and a half, unchartered territory. nasdaq up 40 points. quarter percent higher across the board. stocks were higher yesterday after the food and drug administration gave pfizer full approval for the covid-19 vaccine. that gave a boost to stocks as suggested more normalcy coming. nasdaq was strong. technology led the way up 228 points on the nasdaq. that was 1 and a half percent higher on the nasdaq. s&p 500 higher by 38 at 4:00 o'clock on wall street. european stocks this morning are mixed, take a look, fractional moves pretty much across the board but the ftse 100 is down 17, cac quarante down 25. the dax index is higher by 52 right now. in asia overnight, green across the board, hong kong best performer here up 2 and a half percent on the hang seng index overnight. in the u.s. the faa, federal aviation administration launches a broad review of boeing and how it handles safety matters.
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cheryl casone, cheryl. cheryl: good morning again, according to faa there's been reporting boeing employees regarding ability to be transparent with regulators. a boeing spokesperson said the company takes matters with the upmost seriousness and taking steps to bolster the independence of those employees charged with reporting to faa. toking not being affect sod far. boeing shares up 3 quarters of a percent in the premarket. now the stock that we are watching, take a look at best buy, the stock is really jump right now. 4 and a half percent higher. reported 2.98 a share beating estimates but it was the company raising estimates for same-store sales that is really giving the stock a boost right now. the forecasting growth of 9 to 11%, their previous guidance was 3 to 6%, big news on best buy for you. now to wal-mart, they are opening up same-day delivery
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service, spark driver is now going to let independent contractors make drivers out on the road. pretty crowded field of delivery services. you have target and lyft all in the game right now. wal-mart stock up almost a quarter of a percent. speaking of target, they are bringing the magic of disney to more of their stores in time for the holidays. the retailer will triple the amount of disney stores within target stores to 160 by the end of the year. target currently has 53 disney shops at several locations. they starting rolling back in mid-2019 and you know i love my super target. those are the headlines. maria: yes, i do. cheryl, thank you so much. the securities and exchange commission issuing new requirements for u.s. ipo disclosures for chinese companies. it is part of a push of investor
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awareness to invest in chinese companies. dan david joins with me now to talk more about it. dan, there was a lot of conversation against investing in the chinese companies because they do not adhere to u.s. accounting standards. under the trump administration, they agreed that the companies will have to start adhering to oxly but for for 3 years. talk about investing in chinese companies? >> thanks, maria. the risks are huge. you have to ask at this point after ten years with the investor community filling congress on the issues and starting to get a clue on the trump administration, you know, we could lose it all and we lost hundreds of billions of dollars just in the past month with a lot of the china-based tech stocks. that being the case, we absorbed it.
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we are at a time where we can possibly absorb this rather than when the economy is weaker and losing the rest of the companies could be a real hit. i think we should accelerate the process. it's not going to change. maria: yeah, i was impressed with gary gensler who joined me on the program last week, sec chairman who pretty much said, look, there's way too much risk, this investing needs to be transparent and people need to understand that you could lose it all because we don't know if the earnings are actually there, they could be subsidized by the chinese communist party and then, of course, the crack-down that we have been watching, two chinese stock exchange throws in ipo's. four accounting law firms that assist in wrote process of ipo's, what do you think is going on with the beijing
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crack-down underway? >> talking about losing it all, i've seen it happen over again. 14, 15 companies based in china delisting on reports of fraud and nothing has happened to this point. i think the crack-down in beijing is xi jinping making delisting happening on his timeline, it's going to be his narrative and his idea that he took the companies out of the united states and again they plan many years in advance and this is all part of their logical plan to bring them to hong kong and eventually xi jeng. i wish they would talk about the hundreds of billions of dollars flowing through hong kong through our investment funds, teacher pensions, firefighter pensions and not really talking about the fact that hong kong is no longer separate system than china. it is china and part of the crack-down on our side, we need to stop the flow of investments
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in hong kong. maria: yeah, i mean, look, at the end of the day, with your investing in china companies whether they are listed in the u.s. or hong kong, you are funding the expansion of these companies and they may very well be tied to the chinese military. people need to understand that. again, what about all of the financial service's companies that are about to go open up shop in china because they got new licenses of the ccp and the ccp throws them a little honey so they lobby for the ccp in america? >> shee, what can go wrong? we are investing in credit bubble, as part of the deal we are to invest in high-risk assets. you know, under the no rule of law a system for us, what could go wrong? they will continue to steal our money. you're 100% right, maria, we
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have funded and fund expansion, not just economically, militarily, ai, computing, all of it. this is made for and paid for by america. maria: yeah, meanwhile the ccp keeps mocking us. the global times which is the mouthpiece for the ccp came out with a post yesterday mocking kamala harris saying that her arrival in southeast asia provides a chance for local people to ask our face to face is the u.s. still reliable. so they're having a ball mocking the united states. let me bring christian whiten in here because christian, you have done a lot of work on this and my question in terms of investing in these chinese companies, do you think people understand that you're investing in what's called variable interest entities, vie's and that's a shell of a company, you don't have any rights whatsoever when you're investing in these companies, a lot of investors
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are like, oh, i want to invest in growth and growth is in china. educate us on all of this, christian? >> right, the willingness to suspend disbelief really is out of control. you're not really owning anything here. you have no recourse and i think there's still lack of understanding. we saw democracy, a prodemocracy protestors, we saw rule of law, we saw journalism crushed in hong kong. you have jimmy lai, publisher of the biggest prodemocracy paper in jail. but people still not realizing that audits of hong kong, that's not a real audit as dan sort of suggested and also with the national security law, you know, at least on the mainland you know what the rules are that there is censorship but if you put out an analyst report about a state-owned enterprise that's negative and you're in hong kong, are they going to come and lock you up it really has shifted diagram atically and i'm not sure that wal-mart has
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caught on. maria: dan, give us the final word here, we have been singing the song for a few years now putting the -- the warnings out there about the ccp. do you think this administration gets it? do you think we are ever going to see policy to hold the ccp to account? >> well, no. and to answer christian's question, yes, they will come and lock you up and they have taken people that i've worked with who have just said something critical and they throw them in jail for two years. and it's like a gulock. the biden administration is not going to do anything about it. it's obama part 2. please, thank you, and i'm sorry i bothered you. it's completely the biden administration at this point. maria: that is very troubling, dan, because we know the ccp's goals to overtake the united states as the number 1 super power will keep certainly a spotlight on this story.
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dan, please come back soon, thank you, sir. >> thank you, maria. >> don david on china. cuomo's farewell, good-bye address, blaming everybody except himself, we are on it. live on mornings with maria. stay with us. ♪ ♪ ♪ usaa is made for the safe pilots. like mac. who can come to a stop with barely a bobble. with usaa safepilot, when you drive safe... can save up to 30% on your auto insurance. usaa. what you're made of, we're made for. get a quote today. rush hour will never feel the same. experience thrilling performance from our entire line of vehicles at the lexus golden opportunity sales event.
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maria: call her governor kathy hochul as she's officially new york's first female governor, she took the oath overnight as andrew cuomo's resignation took effect but cuomo took aim in farewell address. >> the attorney general's report was designed to be a political fire cracker on an explosive topic and it worked. there was a political and media stampede, but the truth will be out in time. maria: joining me right now is new york state senate minority leader rob ort. assess where we are in new york, your reaction to what you just
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heard from former governor cuomo and what are you looking for toward the new governor's priorities? >> good to be with you, maria. as far as what the governor's farewell address, nobody believes that the governor was a victim. maybe only him. there were multiple women who were victims. there were 15,000 seniors in nursing homes who died as a result of this administration. they were victims, the families were victims because they were lied to but the governor is not a victim and no one should feel bad for him. he got what was coming to him and it's not even justice because there's still investigations that need to conclude to really -- to see if we can hold him accountable. as far as historic day with the first female governor, but the problems that were created under governor cuomo still exist. the problems of increasing crime as a result of the bail and
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other criminal justice reforms passed and signed by governor cuomo, obviously the coronavirus pandemic that remains a challenge, the state's economy and our ability to recover remains a challenge and, of course, the battle over individual liberties will continue to be, i think, a main point as we move forward here, so all the same challenges await new governor hochul. maria: yeah, and the governor hochul is scheduled to deliver a virtual address to the public this afternoon, so we will see what she comes up with in terms of her priorities. but i've got to ask you, was there's some kind of an agreement in place for governor cuomo to step down because you know that i know andrew cuomo for years and there's no way i ever expected him to actually leave. he was going to dig in for whatever it took. you know that, you know him for a long time, so what was it that actually got him to leave?
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was there an agreement that if he leaves, they'll stop the investigation in the nursing home -- into the nursing home scandal? >> you know, maria, i think it's very clear, so to your point, governor cuomo that i know, the governor cuomo that we have all known and seen and even by his own actions was going to dig in and fight this thing to the very end and then abruptly he resigns, he says he's not -- he's leaving and then 3 days after he announced that he would be resigning, speaker hasty and the assembly democrats said, we are going to suspend the impeachment investigation in the assembly. maria: that's right. >> clearly there was an agreement or some type of understanding that if you leave, governor cuomo, we will stop this investigation and they weren't even going to make the findings public. we raised the storm, the republicans in the senate and the assembly said, wait a second, even some democrats and
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now the speaker seems to be reversing course and saying that there will be a public report but it is ridiculous that we would suspend an investigation as some part of albany swamp deal but i think clearly that's what's happened. maria: do you think governor hochul gets it in terms of policy that are driving new yorkers out of the state, higher taxes, no cash bail, homelessness on the rise, shootings, murderers up? >> you know, maria, there was a time when she was a congresswoman up in western new york where i lived. she was endorsed by the nra and against driver's license for illegals. it was a different kathy hochul. i'm hoping that's the kathy hochul we see as governor, however, i'm concerned that she
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will be potentially be in a democratic primary and embrace democratic policies. maria: here we go again. another election, politics getting in the way. senator, thank you for walking us through, senator robert ortt in new york. thank you, sir. coming up, time to drink up. >> go. [laughter] maria: yes, whole milk makes a comeback in a big way and it's making a buzz. stay with us. it's on the other side of the break.
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maria: welcome back, time for the morning buzz. first up, back to basics, it
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turns out that whole milk is making a comeback. a new early claims that more and more people are giving up alternatives, soy milk, some consumers realize that it isn't as unhealthy as they thought. dagen, i know that you're a vegetarian, what do you think about this? dagen: it's easier to go. if you're on vacation and the article goes into this, you go into a cafe and say i want a cappuccino, anywhere else, i need some milk oats in my expresso, you look like a jerk. i think that's part of it. and people remember the old cartons of chocolate milk which we had in elementary school which were delicious. maria: yeah, i think people more and more have other things, alternatives like almond milk so, you know, anyway, how about this, taking the vaccine passport to a whole new level, one 22-year-old decided to make proof of vaccination permanent
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with a tattoo and it works. he had the qr code. the code works. he had a friend test it out. [laughter] >> it works for now. now what happens when you have to get a booster and the scatter code changes. i was getting ready to make fun of the -- also gen z people like this and we will be making fun of their stupid tattoos when they're faded. they're still there. dagen: not faded but what if he gains work and it gleets bloated out and doesn't work? [laughter] maria: that is funny. all right, we will take a break. when we come back, the fda
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giving full approval to pfizer covid vaccine, what it means to the vaccine mandates, we will get into it, all start next hour, mornings with maria live on fox business. stay with us. ♪ ♪ ♪ [relaxed summer themed music playing] ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪
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maria: welcome back. good tuesday morning thanks for joining us. i'm maria bartiromo. tuesday, august 24 top stories right now 8:00 a.m. on the east coast decision day for president joe biden facing growing pressure from allies to extended america's presence in afghanistan beyond his dated pullout of august 31. fallout as administration still does not of any oons, as far as how many americans are still on the ground. in afghanistan, markets this
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morning are pointing to a gain start of trading, technology, on fire once again, leading the way s&p 500 looking to open at all-time high, once again. dow industrials up 35e s&p up 6 unchartdz territory nasdaq hire by 26 extending a rally of yesterday stocks up yesterday after fda gave full approval for pfizer covid-19 vaccine that set on dow industrials up 215 points by close the nasdaq was big highlight up 228 points, 1 and 1/2% higher on nasdaq s&p 500 all-time high up 37, at the close european markets this morning are mixed take a look, fractional moves pretty much across the board, ft 100 and cac quarante lower but dax index higher by 55. in asia overnight green across the board the best performer was hong kong, here too was china technical sector lit up hong kong, hang seng up 2 1/2%, "mornings with maria" is live right now.
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. now some top stories that we are watching this morning, president biden turning his back and again avoiding questions on crisis in afghanistan, watch white house say more than 21,000 people evacuated last 24 hours, meanwhile, they do not know the number of americans who remain channeded a countless number americans remain stranded right now behind enemy lines state department does not know the actual number, fox news confirming cia director william burn held a secret face-to-face meeting with taliban de facto leader in kabul yesterday as pentagon denies reports u.s. paid taliban money to allow americans free passage you you kabul are airport leaders struggling to get votes to advance the 3 1/2 trillion-dollar budget plan
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planned to vote last night about it canceled it, some moderate democrats refusing to vote on it until the house passes the infrastructure, one and a quarter trillion-dollar bill first but nancy pelosi is pushing they want to squash bipartisan measure unless they as if broader package she wants both plans moving forward together. kathy hochul first female governor of new york former governor stepped down not before granting clemency to 6 convicted you measures hochul to deliver a virtual degrees this afternoon for new york. >> markets hire extending yesterday's gains the economy in effective all week this week later on in the week we theing raethdz on durable goods gdp thursday, of course, all ahead of federal reserve chairman jay powell's speech at virtual jackson hole
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meeting that begins thursday and his speech is friday morning, the dow industrials right now up 48, 51, s&p up 5 nasdaq hire by 26, joining me right now a couple markets chief strategy brian belski joining all morning long dagen mcdowell christian whiton thanks for joining the conversation good to see you goldman sachs is raising the odds of a taper announcement in november. the fed will cut back purchases by 15 billion dollars at each meeting, what goldman is saying we have an interview with robert kaplan last week based on what he was saying i was getting the feeling that he is going to come out soon and of say let's forget my october deadline in terms of beginning to taper push to it next year given weak signs in the economy what is your take on all of this? >> good morning, maria i am with you shocker. i think the fed remains smartest person in the room i
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think there has been too much talk and too much fear of inflation, i think we are closer to disinflation, and i think the fed is going to play defense why the markets rallying, that is part of it. the other second part of out is that earnings have been good, i think that this whole notion of volatility geopolitically issues with pipeline investing i think points to why you can will and should continue to be invested in u.s. stocks i think that is still 2 game. so i think the fed is going to play defense i think the markets will rally, into that i do believe that the majority i know this i'm sorry that majority of institutional investors that run mutual funds mutual funds etfs have massively underperformed hedge funds underperformed you continue to hear correction tantrum coming from people that missed the market rally, so again, we are heading into as i know heading into more volatile period of the year,
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wouldn't be surprised if more choppy trading but there is more new highs ahead over next 12, 18 months. maria: here is the president of the federal reserve bank of dallas robert kaplan with me last week watch this. >> the thing that i am going to be watching very carefully next month before the next meeting is is it having a more material impact on slowing demand and slowing gdp growth. and so i am going to keep open mind on that, and if it if it is having a more negative effect, that might cause me to adjust my views somewhat. from ones that i've stated. maria: so, so brian you are still bullish been right on this market want to still apply stocks your take in terms of allocating capital if we see federal reserve push taper to 2022? >> who great question is
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thanks for mentioning allocation i think allocation is going to be the key, and what we said heading into this year was and it was kind of a controversial call, that you should be equal weight growth in value you should be equal weight small mid and large-cap stocks use ebbs and tos are market for ub ub opportunity what does that mean? small caps underperformed after great move beginning of the year i think that is opportunity for those traders, but we think should be equal weight across the board, technology for the next 3 to 5 years obviously, is best sector with communication services and discretionary i think financials between now and next 6 to 12 months great places from a sectoral basis many have to understand the stock market is market of stocks you want to increase fundamental bottoms up stock picking more performing own more concentrating positions don't want a portfolio 200 stocks i think you want a he
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portfolio 40 to 50 stick with turnover to be low that is how you beat market like this. >> a ub you've been particularly interested in mall mid-caps right now, do any of the headlines of the day work into your models at all? does, for example, with taking place in afghanistan does it matter to markets brian what about all the spending tax discussions? we don't know if president biden's plans economic agenda is going to be able to get through now with this debacle in afghanistan does that matter in terms of allocation given that he would like taxes go higher, and two spending plans go through. >> hurry up and wait right? the -- >> yeah. >> the issue with taxes better hurry up get this done you have midterm elections an infrastructure bill to figure out how to complement that still covid to deal with i think status quo, and i think nothing is really from a political standpoint going to affect stocks, quite frankly,
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but i think it is still about the fundamental wherewithal of u.s. companies and earnings. i think going to continue. maria: great point brian good to see you thankings very much come back soon. >> thanks for having us. maria: all right, brian belski, much more ahead cock up biden administration faces bank criticism over the afghanistan withdrawal dlain mark green was here earlier we are talking with andy barr kentucky congressman next then chad wolf former dhs acting secretary to talk about terror threat we stand to today is from apple taliban, full approval to pfizer covid vaccine what it means for the vaccine mandate all about it on the other side of this you are watching "mornings with maria" live on fox business. ♪♪ ♪
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- had enough? - no... arthritis. here. new aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme. >> this week on "mornings with maria" tomorrow -- the taliban still on twitter parler why the platform just said no thursday word on wall street our expert, stock portfolio friday in the face of soaring inflation, all right here on "mornings with maria." >> dagen: news con frj cia breakthrough william burns held a secret face-to-face meeting with taliban de facto leader he in you kabul yesterday he meeting is
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highest level meeting between the taliban and b administration, since taliban fighters seized kabul pentagon is denying reports u.s. paid the taliban to give americans safe passage to the airport in that city. next guest has called for president biden's national security team to resign joining us now, kentucky congressman house financial services committee member house foreign affairs committee member andy barr what say about you the cia meeting. >> well dagen this is the picture of weakness incompetence failure in foreign policy seven months ago we were dictating terms of draw down afghanistan because of chaos in afghanistan began is setting the terms of our evacuations, we are going to be meeting today with the president' foreign policy
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national security team, on a bipartisan basis, and i want to know a lot of answers to a lot of questions how did we get to this point has a idea was it to abandon the bagram air base before we he can oh, tracted our people weapons aircraft why that administration failed to heed intelligence assessments back to tril we got them members house foreign house committee recessed intelligence assessments this retreat substantial was failing why did administration not respond in terms of getting our people out, you are getting mixed signals you hear yesterday from the white house press secretary jen psaki say it is irresponsible to say that americans are stranded and yet the secretary of defense says he doesn't have capability to push into kabul let alone go outside can you kabul state department is warning
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americans to not go to the ham. cheryl: karzai international airport do they have capability to bring our americans to the airport and extract them or do they just not have the will to do so? >> yeah congressman i think you hit on all of that it is maria bartiromo here, we are just scratching our heads, trying to understand who put these decisions in place and how the heck this was executed. i mean -- closes back bram on july 5 july 8 says letsroll joe biden's press conference from july 8. >> is taliban takeover of afghanistan now inevitable. >> no, it is not. because you have the afghan troops have 300,000 well equipped as well equipped as any army in the world, and air
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force, against something like 75,000 taliban. . it is not inevitable. . maria: and that is exactly what we saw take place exactly totally avoidable my question to national security team did they not brief the commander in chief before july 8 what we see now that on april 9 the president the president should be getting these briefings from office of his director of national intelligence april 9 before july 8 i am going to read to you quote we assess that prospects for peace detail will remain allow during next year the taliban is likely to make gains on battle field afghan government will struggle to hold taliban at bay coalition to withdraw support i don't know who was reviving this president everything was rosy everything was going to be fine. this was a calamity in the making we saw it, the state
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department itself briefs members of the you house foreign affairs committee the strategy was failing contemporanous president making to the totally wrongheaded saementsz the secretary of state, secretary of state blinken serviced a cable in mid-july career ballots embassy warning him they made no adjustments to the strategy. maria: i was told this president does not trust his generals that is what i was told that he doesn't trust generals he wanted to shut bagram air force base because he didn't want to have them have any opportunity to take in more weapons to fight began he wanted it shut down that is it period. end of story. now it is amazing to me you've
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got began deciding who gets out of afghanistan and into america, and you've got the criminal cartels deciding in mexico who gets into america where is u.s. leadership? just extraordinary congressman. are we going to be talking about 25th amendment in terms of of this senate a lot of people raising their awareness of his own cognitive abilities the alternative would-be kamala harris in the seat xop these mistakes blow up their economic agenda i know a group of moderate democrats clashing with house speaker nancy pelosi she wants reconciliation pill pushed through even in face of all of this in afghanistan and at the border what is your take on that? >> a well my take is that democrats in congress recognize that he foreign policy failures of this administration is that this president is weak, and i think
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that is interfering with the confidence of many democrat colleagues leadership from white house what you saw last night hanging around waiting to vote democrat majority couldn't get their act together they have dissenters moderates to credit are saying look this is not what we want we don't want to vote for socialism we want to vote for bipartisan infrastructure bill but look, this you bipartisan infrastructure bill that came from the senate because held hostage by nancy pelosi the progressives far left the in the democrat caucus is a trojan horse for socialism, so, what i would say i don't think any republican or any moderate should cast any vote in favor of any of this until we know for sure, that the 3.5 trillion-dollar socialism budget resolution is completely dead off table need to be delinked what we are told some moderates might be
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backing down a little bit, oh, tracted commitment from speaker a vote certain on infrastructure bill before a date certain the bottom line i don't any think member of congress call himself fiscal conservative should ever vote for anything whether infrastructure or not until we know for sure this socialism bill is totally dead. >> how about getting something on border arguments towards security the budget has no new money to homeland obscurity a increase in money towards defense. s is incredible a could o adversaries rising extraordinary we will check back see how it develops thank you, sir. . >> thank you, maria. >> we will see you soon, vaccine mandates on the way companies starting to imploe.
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maria: new mandates to reported all have teachers and staff at new york city public schools must now get a covid-19 vaccine, without a testing alternative, more companies also announcing vaccine mandates joining a growing list of businesses across the country cva health chevron require shots for some employees carnival cruises require all over the age of 12 victored after fda granted full approval for pfizer vaccine yesterday do you think this could pave the way for more mandates? about what are you expecting? >> i do expect more whether or not really you know essential i am pro vaccine i think a good idea, certainly when you are under the care of someone if you are a crewmen on a cruise ship if you are on oil rig becoming -- can disrupt praising i understand certainly in military a little bit for cva to do it to require retail workers to get it, it is important to
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remember a dichotomy, the coastsing still more bond down masks concerned much more than middle of the country decision making joint ventures more in big name corporations vaccine requirements. >> expecting as soon as full approval sounds like this is taking off as we get other full approvals from moderna and jnj. >>. dagen: particularly corporations expect more along lines with indiana university did a thumbs-up essentially from the supreme court, in terms of vaccine mandates, but what i find troubling is one, say the vaccine mandate for participating in life in new york city. officially kicking in middle
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of september where you restaurant owners museum operators are going to be required to check the vaccine status of everybody who wants to sit and eat or go look in some art that is a few of the places. would it be divisive in fact discriminatory you have not even a third young black individuals in new york city have not been vaccinated. so you are going to abandon roughly 70% of young black people in new york from going into a restaurant? or museum? that is essentially what is going on, then you have on the left people the chattering classes talking about how people who are unvabtd should even pay more for their health care treatment or be denied treatment altogether. it raises issue okay are you going to deny treatment to people who smoke or people who
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are obese and have conditions related to obesity? just insanity what you are hearing from the left, so all gasping for relevancy restaurant owners complaining they don't want to be police forcing to see your vax card we will break when we come back national security former department homeland security chad wolf joining us, back in a minute. .
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that building you're trying to sell, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you can close with more certainty. and twice as fast. if i could, i'd ten-x everything. like a coffee run... or fedora shopping. talk to your broker. ten-x does the same thing, - but with buildings. - so no more waiting. sfx: ding! see how easy...? don't just sell it. ten-x it. maria: welcome back. good tuesday morning thanks very much for joining us. i'm maria bartiromo. tuesday, august 24, a look at markets this half an hour ahead of opening bell we have a firmer tone gains at the start of trading dow industrials up 30 s&p up 3 1/2
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beginning all-time high nasdaq higher by 13 right now stocks are extending yesterday's rally, wig move actually fda gave full approval from pfizer covid-19 vaccine the close dow industrials, nasdaq up in triple digits, in fact, the nasdaq up 1 1/2% leadership indices taking major indices higher european markets mixed story although there is gains overnight in asia european markets, as you can see, fractionally moving the best performer dax in germany up 31 points right now in asia overnight green across the board, here hong kong the best performer up better than 2 hazards% on the session securities and exchange commission disclosure requirements for chinese companies to list in new york. cheryl: reuters reporting some chinese companies received detailed instructions from agency regarding increased disclosure of
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offshore vehicles even though variable trt entities, subpoenachair, the crackdown on companies with maria past week sec asking for information regarding implications for investors potential risk ccp will get involved in company operations. and remember last month asked for pause in ipos for chinese companies requests trrpdz that put chinese listings in u.s. at a standstill ford may have a hit on hands carmaker reporting 100,000 reservations for ford maverick truck the four-door first full hybrid capable traveling 500 miles single tank of gas starting price 20,000 dollars reservations might not equal sales ford is not asking for down if i'm not mistaken reserve, we will see coming
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out in october free market ip more than 11/4% higher wages not enough to win workers fast food destroy faces major shortages wages for limited service restaurant workers 10% last year compared to a year ago despite higher wages a study shows 70% increase in job vacancies, then to make things worse turnover all-time high 144 percent study citing child care mental health opportunities in industries as reasons for the staffing problems economists pointed out extended unemployment benefits in place through september nearly half country may be summer pumpkin spice season here starbucks announced menu lineup with pumpkin others to return the
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apple crisp macchiato, pumpkin themes, those are some headlines back to you. maria: thank you so much. you you afghanistan falls to the taliban as we approach 20th anniversary of september 11, extraordinary times that we are witnessing, the crisis astonishing up fears over terrorism networks gaining power, again in, if region, and quickly, we are learning this morning that cia director william burn secret met with taliban leader in kabul yesterday joining me right now the former acting secretary for department of homeland security, he is a visiting fellow heritage foundation chad wolf thank you for being here last time you ginned me talking about how criminal cartels pretty much in charge who got into america now we can he add one other group to the people who are deciding who goes to america and that
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is terrorists, taliban. are you worried about the terrorism threat from fall of afghanistan? how do you see things? >> well absolutely maria i think the fall of afghanistan to taliban represents a national security threat to the united states. not only will they control more territory in afghanistan than they did on 9/11 but obviously, now they have military equipment at their disposal, so we have to be worried about terrorism now reconstituting itself in in afghanistan what does that mean to homeland in i think now that we don't he would he we embassy, limited personnel cutting assets the like i think is very concerning, and is what concerns me as i look at threats to the homeland, as they originates overseas u.s.
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apprehended people from ms-13, on terrorism watch list that actually did access america through the wide-open border, you think that perhaps with the border as weak and porous as it you is we will see terrorists trying to come through as well? >> well i think we are already seeing that, what we know is border patrol praenz 125 different nags altesse on the border every week every month former chief left on the way out indicated seeing more terrorists across that border every day week month absolutely. we need to be concerned whether taliban or other terrorist organizations that are looking to come to the u.s., to harm americans, are what they are seeing now, is that there is a blueprint to get into country illegally that is through southwest border. >> we were showing graphic year not up already we've seen
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1.3 million migrants apprehended at the border in 2021 talking about record numbers, every month and, yet, this administration refuses to call it a crisis and refuses to do anything about it. >> you are absolutely right but, you know, numbers you cite are just numbers that we apprehend, so if 1.2, 1.3 in fiscal year probably another 100,000 what we call gotaways never apprehend individuals can pay cartels more money to cross in areas border patrol is not in so i am more concerned about the individuals that were not apprehending than ones we are because those are true criminals suspected terrorists to go into u.s. communities. >> right we have many on camera ourselves our drone technology picked up, a group
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of migrants through cornfield at night del rio sector doesn't have proper number of guides to actually police this, they are getting crushed as border patrol says they only have a fraction of the agents needed to deal with the surge of migrants, chad. i spoke with a border agent offer weekend told me 80 agents 8-0, have covid. another 20 in quarantine, so he has gotten, had to take a number of agents off the beat, and i know, that is even with taking resources from other boards, i understand we've taken resources from northern border canada, also you resources from the -- from the coastal borders louisiana, alabama, florida as well, your reaction to whether or not we can actually police this. >> well we can't i think that is very clear, there is a national security crisis going on on that border as you indicated we have border
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patrol agents, out or not on line because of covid or quarantined but the vast majority that are on the job today are in border patrol facilities taking care of these thousands of minors that is not where they should be maria they need to be on line, protecting the country from contraband illicit drugs not in border patrol facilities whether it is quarantined from covid or in border patrol facilities about what we know they are not doing their national security mission we need to be doing the country needs them to be doing at this time. >> extraordinary now in 7th month of joe biden's president we've got massive out of control fires, in a number of places, the border let me end on afghanistan where do you think this is going? look, the president says he wants everybody out by august 31 taliban sending a morning
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spokesperson from taliban said u.s. does not have all people out by the 31st there will being repercussions this will provoke a response according to to the taliban. >> well i think crazy a deadline even more so advertised to taliban and others now they hold our feet to the fire a wrong approach we need to make sure we get u.s. americans out embassy personnel contractors everyone-else before we withdraw to set arbitrary deadline because you want out before september 11 adviser wrong approach putting politics public affairs in sfrovent security doing right thing hopefully we relook at that make an evaluation, as 31st approaching if we don't have all people out not secure to get more out we need to stay beyond that date to make sure we get all americans out of afghanistan. >> look i know it would be and
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have and egg on his face shouldn't he reopen bagram air base as our reporters jennifer griffin asked mr. kirby spokesperson for pentagon, wouldn't that be the right thing to do? so that we have the wherewithal to get our people out safely? >> well i think was a colossal mistake to pull out of baghram a secure airfield from a terrain perspective from security perspective, you can control that you can't control kabul international airport the same way, whether or not we actually would have control over baghram or when overrun by began is question probably why dod administration is looking at hopefully, they decide what they can do, but whether baghram or kabul making sure that we provide security, that we locate americans, get them out of afghanistan instead of lelth them be on own to try to get to that airport.
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>> yep, all right great points that you are making this morning chad good to see you. thanks very much secretary chad wolf joining us we will see you soon, sir coming up transforming kidney care you are watching "mornings with maria" live on fox business. .
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(vo) singing, or speaking. reason, or fun. daring, or thoughtful. sensitive, or strong. progress isn't either or progress is everything.
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lively hearing aids have been a game changer for me. the process with lively. is insanely easy, you take a hearing test on your computer the doctor programs it, it shows up at your house a few days later. you can stream calls or music through it, it's got multiple settings, audio adjustments, so you can raise and lower the levels. but it's a fraction of the cost of the other devices. it's instilled some confidence i didn't have before. try lively risk free for 100 days. visit maria: welcome back. transforming kidney rare
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rubicon founders balboa medical group partnering to reshape kidney care for patients across the country evergreen announced will focus on moving dialysis to the home help people get transplants rubicon founder ceo, and balboa medical group ceo, gentlemen thanks very much for joining us this morning this is an incredibly important subject and adam congratulations to you you came on this program when you first founded rubicon, you told us you would be investing in a number of companies, why did you launch and invest 100 billion in evergreen there is why so important this year kidney care affects every american, 37 million people in united states have kidney disease one in nine americans, that means you know people i know people,ed of that dialysis had transplants the
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state of kidney care in united states unacceptable we spend 100 billion dollars a year, in the area we've got 93,000 people waiting for a kidney, and crazy thing is we have enough kid needs donated they process so messed up can't get it over 10,000 a year in the united states dig waiting status could not acceptable here that is why i started the company. >> so tell us about the company how is it different from others working with kidney care, what can you give is in terms of hope? can you give patients right now hope in terms of finding a better path? >> good morning, maria and thank you. question. in our guiding principal has been around patient-centered care we found that when we stuck with that principal, we can deliver on that promise what we liked about adam
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rubicon founders evergreen nephrogy is phased on outcomes aligning stakeholders around that principal, whether or not it is around identifying kidney disease early on, in the course so that we can in many cases delay and some cases even prevent progression of kidney disease or working on creating models of care to promote transplantation in communities especially under served communities, or whether it is focused around creating the proper education and proper alignment around home dialysis getting patients care they say they want, we believe evergreen model of care really allows all of those players to align in a way most productive and really that engage patients
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nephrogolists so patients are beneficiaries. >> specifically, how will you help dialysis patients? >> the key here is changing around the whole dynamic what i am excited about with balboa they are first group that is stepping up the first kidney physician group saying we are going to be paid based on outcomes instead of fee for service, in everything in life especially in health care, the reason things are so expensive in our american system we pay for activities instead of outcomes they are first mel group in kidney care to say we want to be paid wholly based on outcomes that is how you change things now, going to be paid for sending people home for dialysis in united states 10 to 15% people receive die alice as is at home, hong kong 0% guatemala 50% all deference to guatemala but come on, this is a sea change,
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and has to do with how we pay. >> quick what are you going to do with this new investment? >> well, the first thing we're going to do reorganize how we take care of patients, not so much about doing volume and services and services what it is going to be oriented around is really getting patients the care they say they need and want. so, fundamentally what it means that process of care how we approach taking care of patients on a day-to-day basis will change, because the only thing that will be focused on is patient oriented outcome. >> all right that is exactly what we want adam, doctor, thanks very much watching developments as we know this is a critically important area thank you, sirs. we'll be right back.
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. maria: welcome back. time for morning buzz the cinnamon challenge no match for social media's trend multiple challenge take a look at this tiktok stack wobbly crates tryinging to climb up one side down other most have not been able to do it successfully mostly fall from top of stack of milk crates what do you think would you try this out. dagen: number one approves people drinking milk there are enough milk crates to go around the country that people far and wide can attempt the challenge number one, i got stuck into watching videos other day, everywhere, and fascinating because this is very difficult. i saw a woman do it in high
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heels though so i think she reigned supreme court you can some dude i saw broke his wrist or broke his arm doing it, it is tricky i am fascinated. maria: looks hard this poor guy. the woman who did it high heels stiletto hills apparently made of lucitet started on fake to tiktok, owned by chinese company concern still today about amount of data, that china is amazing from tiktok you users nearly 75 million u.s. clearly going to know who is willing to push the envelope with milk challenge better perhaps than our own government will. maria: quick break we'll be right back with more "mornings with maria" live on fox business. stay with us. ♪♪
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maria: thank you today can mcdowell and christian whiteman. have a great day. we will see you again tomorrow, same time same place. "varney and company" begins now. stuart: good morning, fast-moving news day. look what is coming at us, the president meets g7 leaders, boris johnson chairs the meeting, he wants an extension of the deadline to get everyone out of afghanistan. of america leaves on that date the brits, french, germans and dutch have to leave as well and that is not popular with our


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