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tv   Mornings With Maria Bartiromo  FOX Business  February 2, 2023 7:00am-8:00am EST

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real estate review, create a mortgage application, whatever, can it also review a stock and use variables -- anyway, i don't want to get into it. >> how secure is it? maria: we are told that ai was putting certain jobs out of business, those jobs that are very, you know, you doing the same thing, flipping burgers, things like this. here you have ai replacing jobs b that require real skill training and education. is that what is happening, white-collar jobs? >> i think it's adding to the economy. the fannie mae guide is a few pages. immense amount of work that it takes to originate any loan is tremendous. we have one of the biggest money center left, mortgage industry because of regulatory inflations. the regulatory inflation leads
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to price inflation. what we are doing here -- we can't fix dc but let's fix the problem through technology so if technology can make regulatory inflation simple, put a new problem and get answer and you know it's exactly right because the morgan product, sun west and the answer is 100%. >> speaking of -- i think i do speak for anyone who has gone through the mortgage process or loan process, anything that can be done to simplify that and to make it easier for everyone i think is a great idea. the i think with chat gpt, though, which i find fascinating is the whole issue with ai is academic world and i tell you why i'm getting into this point. my wife teaches at boise state, go broncos and the students are super excited about ai to write
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all the essays and now there's an industry of systems out there to identify pieces that have been written through these systems. it's a fascinating issue. >> well, i mean, human honor is human honor. that's a personal responsibility, each of us have to take that. what's the point of spending money, $50,000 a year in college and cheating, it doesn't make any sense. maria: real quick before you go, where is the market right now? have things cooled off and come back after close 7% mortgage rate? >> we saw in the last two weeks with the rate -- rate rally with the ten-year at 3 and a half, we actually saw 15% increase in applications. maria: okay. >> i think the industry as a whole has seen reduction. we saw increase due to the fact that we can support a wide range of consumers, lower credit scores, higher ratios.
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maria: thank you, great to see you. we have breaking news right now. bank of england has raised interest rates by 50 basis points. this was as expected but the boe announcing this morning that they will take rates up by 50 basis points. we are going to look at the international markets coming up to see if there's abimp -- an impact. it is february the second, 7:01 on the east coast. businesses are taking extra steps to combat crime which is cutting into their bottom lines. fox business grady trimble in chicago with with that angle. >> theft has become a 95 billion-dollar problem. you can see enhance police presence this morning. it's getting worse. that's exemplified by this video, with o one of the latest
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incidents here. smash and grab at luxury store that's been hit at least 3 times already. the crooks filling up a trash bin. retailers are spending big to try to prevent shoplifting and organized retail crime adding more security and cameras. you've probably noticed items at target, wal-mart and cvs behind lock and key or with those security devices attached to them. home depot and lowes are testing new technology so power tools don't work until the customer pays for them. >> organized retail crime is impacting retailers at the national level and small business level as well as major cities in rural communities to say that no community is immune and no retailer is not a target is a fact. >> that type of crime has increased almost 27% from 2020 to 2021.
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experts say recent spike of online reselling and inflation and soft prosecutors. lawmakers and in congress have introduced new legislation to try to crack down on these criminals. maria: for sure. grady, thank you. grady trimble in chicago this morning. same situation happening in new york. we have a new quinnipiac poll. 70% of voters believe that the big apple is in a crisis with the influx of migrants as well as crime. 82% believe it's the federal government's responsibility to handle all of these migrants and then on crime 39% say they feel less safe in the city compared to last year. meanwhile city officials removing dozens of migrants camped outside of the watson hotel on the west side, refusing to relocate to the a shelter. the men have been moved and sent to brooklyn cruise terminal while women and children were allowed to stay in the hotel. joining us for all hot topics,
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liz peek. liz, you were telling me a story of your friend in new york city. >> went into a high-end retail store on madison avenue and while she was in dressing room someone came in and lifted 25 handbags and walked out and the problem is nobody calls the cops anymore. i was in grocery store and guy walking around and picked up stuff and no one turned a hair. it's pretty extraordinary and unconscionable because it is hurting everybody. all consumers are paying the price tag for this the because the big companies raise prices to deal with increase theft. it's the small companies, small businesses that are getting hammered in new york and philadelphia and chicago and high-crime cities. we had a group of bo tega owners recently, bodega owners, i'm sure margins are very thin, they
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cannot afford it. where are the common sense policies that are going to put an end to this? and it's all about accountability. if you let people off the hook, you don't charge them which is what we are doing now it's a resolving door. justice system in our city and other cities, guess what, no one behaves well. >> anybody who has a kid knows, unless there's consequences, if there's no consequences they are going to repeat their actions. to your point, liz, yes, the small businesses, you know, they are impacted in such a negative way but it's the also the large corporations. we work with my -- my company works with a number of large retail and manufacturing operations and their problems over the handful of years in mayor urban cities in san francisco, new york, dc or chicago. in terms of what they've had to adjust, how they've had to deal with employees who now face this crime problem and most of them are saying, look, for a lot of
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reasons employees are not in a position where they can act. they have to stand back and maybe take a video. that can be considered threatening as well. companies are shutting down stores and creating deserts. maria: that's why people are leaving big cities. they are leaving because of crime. by the way, mark, kathy hochul came out with record-breaking budget. she's talking about bail and leaving it up to the discretion of judges. she says she would increase spending on anticrime spending by 110 million and minor rollback of the state's controversial bail reform law saying they will leave it to the judges to impose the least restrictive means to ensure defendants return to court. >> we are going to allow inmates to run the asylum. maria: too little too late. >> crime is becoming a sport and
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because of what mike said, no consequences. you can go to target, shoplift and walk straight out the door and the security guards are going the look the other way. that's one of the reasons that we are seeing this rising trend in paid protection. individuals who have the financial means are now hiring paid protection. businesses are hiring paid protection. maria: so are lawmakers putting on crazy rules, they have their own security. >> the solution is pretty simple. have consequences. it's not rocket science. >> we are all paying the price for this. in her budget $1.6 billion for mta bailout, solve the crime problem and we won't need an mt the a bailout. people are afraid to ride on the subways and rightly so. maria: what about the migrants? what about people refusing to move from the hotel? eric adams is complaining because he needs help.
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>> the federal government says, sorry, we can't help you. it's their problem, their fault. i tell you what, thank heavens for doocy and desantis for sending people all across the country. it's not just a problem for a few towns in texas. we are having to pay for it. when americans realize the cost of this, that's when they are going to weigh on joe biden and make him fix the problem. maria: 100 people on the terrorist watch list apprehended in the southern border. >> it's the same story over and over again and because it is ground hog day. if you don't have a border and if you don't control your borders, yes, the saying is true, you don't have a country and every other nation monitors and controls its borders, we seem the only ones who apologize for having borders and worrying about our security. look, again, if you want to live in a sanctuary city and run a sanctuary city that's what you
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get. maria: yeah. >> i agree with liz, smart move to spread this problem around. okay, fine, the democrats want to demonize the republicans for talking about the border issue or talking about security or fentanyl problem. if you do that you are demonizing migrants. maria: a hundred thousand people are dead from fentanyl poising. stay with us, we will keep a spotlight on that story as well. we will be right back.is ♪ ♪ 1 ♪
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maria: welcome back, time for word on wall street. strategic well partner mark tepper and bellpointe strategist david nelson. david, welcome. i want to kick things off with you with mixed market. dow strays down 137. it is the busiest week so far for fourth-quarter earnings. meta last night. check out the move this morning. up 20% in the stock. 40 billion-dollar stock buyback.
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but we really are zeroing in this morning on the largest companies by market value which will be reporting tonight after the close. apple is the one i'm most interested $2.3 trillion in market value at apple. and investors are going to question if this january rally was justified now that we have earnings coming up. >> i think what we are learning everybody is stepping over lower bar. estimates are down probably 20% from where they were a few months ago. this is a much of report card on analysts how good or bad they did at getting the numbers right. in the case of meta, obviously i thought the line item that caught my attention was the expense line. that is what drove the shares. mark got the memo. apple is the most interesting because it probably has toughest set coming into this report. they are still hostage to china. they have the supply chain issues and at 2.3 trillion, at
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some point in time law of large numbers start to kick in. eventually only can grow about gdp and that's what apple is up against right now. they will have to figure out to get supply chains out of china to some other parts of the world. maria: that's why i'm focused on apple. the market value is largest company by market value but hitting on so many areas. it's about the consumer, it will tell us about china and supply chains and tell us about expenses and tight labor market. what apple says about the year i think moves markets tomorrow morning. >> i think you're right. i think and kind of reflective in this market this morning. look at the tape right now before i walked in here i looked, i could see alphabet was up 4% in response to meta. yet apple is only up about 1. people are pretty nervous coming into this number. doesn't mean they can't go up tomorrow. a lot of people leaning the
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other direction with apple at this point. maria: because of valuation. >> it's not reflective of the rest of the year. maria: look at layoffs in tech. you are talking about layoffs moving beyond technology, fedex is laying 10% of officers and directors as demand is cooling there, rivian. intel ceo pat taking a 25% pay cut as the company also cutting costs. so what's going on within tech? >> rivian are cutting 10% but no assembly line workers. fedex is going after management and intel cut executive pay. maria: white-collar job. >> they are protecting the worker bees and there's a couple of things at work here. number one i feel like the
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companies, they feel the economies are slowing but they are hedging their bets. they are hoarding the worker bee. i feel there's hedging going on and the whole hoarding thing that i've been talking about for a while, those worker bee positions, those are hard to fill. everyone needs those people especially in manufacturing, you need someone to work the assembly line. so i find that very interesting and to chime in on what you were talking with david, some of the interesting things is over the last decade plus a rising tide has lifted all boats. now you are seeing clear winners and losers. look at what meta is doing rite now. look at what snapchat did yesterday. snap was down 10%. both of them sell digital ads. loser in snapchat and loser in meta.
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it's interesting that the investor mentality, i can buy the index and that will be fine. >> that will be great for us. for stock pickers, the fed is stepping to the sidelines at this point, but to your point it's pretty clear the economy is starting the to slow. that's what the market sees because the fed is talking tough and the market isn't buying it. the market is pricing in not just cuts at the end of this year and next year as well. the fed talks a tough game but the marketable gets it correctly, gdp for this quarter maybe under 1% at best. maria: what about the balance sheet unwind. >> that's tough. maria: isn't that going to create disruption in the stock market? >> it is going the lead us to june. maria: the debt ceiling. >> the setup is very similar to 2011 back then we had 17% decline in just two weeks. i look at the setup and i look at what obama was doing then and
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i look at what biden was doing then and identical. maria: in a snap. >> that's something that investors are underestimating and that's a big deal. all investors know going back to 2008 going to zero percent. you forget what you learned 30 years ago. maria: the speed with which this has occurred is stunning. we were at 0 rates 10, 15 years and now we are going to 5% in a hurry. david nelson, great to see you. >> thanks for having me. maria: mark, you are sticking with us. you're with us all morning long. we will be right back. ♪ ♪ ♪
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>> aye just walked out having an hour conversation with the president that i tell you in perspective was a good conversation. no agreements, no promises except we will continue this conversation. maria: that was house speaker kevin mccarthy sounding optimistic after meeting with the president about the debt ceiling and opportunities to rein in debt. the two have until june 5th to reach an agreement or the u.s. will default on debt for the first time debt ever.
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joining me now to talk more about that is texas congressman member of the house ways means and joint committee -- economic committee jodie. >> my hopes are that we will not continue down this unsustainable path that we are on which will lead to a debt crisis which will be far worse than the pandemic. we have to rein in spending. we have to reduce the debt and we have to act responsibly and live within our means like every american family quite frankly like every state and local government does and this debt ceiling negotiation like others in the past is an opportunity to put a check on that debt and to include fiscal reforms and there are plenty of ways, plenty of
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bloat, plenty of unnecessary spending throughout the federal government that has grown exponentially under this president and that's my hope that the outcome will be a responsible one. maria: look, the republicans have talked about going back to 2022 spending levels. if you go back to 2022 spending levels, that is a decline in defense spending by $75 billion, are you prepared to make that decline? >> there's plenty of nondefense discretionary spending to cut by the way. we have increased discretionary spending by $500 billion since '19. so and then there's one-time spending like there's $100 billion in unspent covid money. cancellation of student debt which could be as high as a trillion dollars. right now we have people not working as you know this is a problem for the economy. it also it is a problem for financing social security and
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medicare and we need to put work incentives in place. that alone will create billions of dollars in savings, more tax revenue and -- and more support for these safety nets that our seniors are relying on. there are plenty of things outside of defense and that's what we aim to focus on. maria: liz. >> congressman, democrats are charging republicans with not really having a plan, not being willing to talk about specifics at what point do you think it is helpful to this conversation and the argument for lower spending to actually have some specifics on the table just as you have sort of generalized there? is the gop ready to do that or willing to do that? >> well, that's going to be the speaker's call but i think most people already know from let's just go back to the -- one of the first bills that we had to repeal the expansion of the irs.
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that's close to $80 billion. i listed a few other opportunities both on mandatory side and discretionary. so i think at some point we have to have the details and we have to have a detail plan and i know the speaker doesn't want to negotiate in the press. i don't think the american people have to use too much of their imagination to know what way -- what unnecessary spending exists in their federal government especially over the last couple of years with the trillions of dollars. we are talking about 10 trillion and 5 of that has been added to the national debt. that's deficit spending. maria: that's right. here is mike. >> congressman mike baker. happy ground hog day by the way. >> yes. >> to push on this point one more time, is there any committee or is there any discussion, anyone sitting down currently right now making a list of specific cuts and at what point do you need to
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deliver that in order to continue this negotiation and actually move it forward? >> well, sooner rather than later. yes, we have a list and as the budget chairman i'm working with my colleagues on a similar list as we fashioned this ten-year balance budget and as we look to freeze 24 discretionary spending at '22. i gave you a few examples but there are plenty from the so-called covid relief and as you know about 20 cents maybe on the dollar actually went to covid relief. maria: yeah. >> you look back at the so-called inflation reduction act. that's where you have $80 billion for more irs agents. you have a 27 billion-dollar slush fund at epa. we can go through the litany of green new deal giveaways, the expansion of obamacare which has been a failure. these ars of dollars and then
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just imagine in 2021, 280 plus billion in improper payments, waste and abuse. we have a full bucket of things to reduce spending. maria: these are all really important points that you make congressman. real quick on the border. the judiciary held its first border hearing yesterday, what do you feel came out of that and what needs to be done in terms of securing the border? >> well, we have to secure the border. this while i think the debt is the long-term greatest threat to the future of our country this is the border crisis self-inflicted crisis is the most immediate safety threat. so we have to expose the fact that there's been lawlessness and dereliction of the duty by the president and by mayorkas and that they have failed to uphold their security mission and it's literally kills tens of thousands of americans because
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the cartels are in control and we are -- they are flooding the zone as we say with people, crime and drugs and it has to stop. so exposing them and holding them accountable and lead to impeachment. we will lead the process play out in that regard. maria: quite stunning, congressman, thank you, jodey in dc, we will be right back. >> yeah.'s ♪ ♪ ♪ ♪ ♪ ming h ag what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. at adp, we use data-driven insights to design hr solutions to provide flexible pay options
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maria: welcome back, a video played in court could be the smoking gun in the alex murdaugh trial. cheryl casone with the details. cheryl: gasps were heard as the witness identifies alex murdaugh's voice in a video taken moments before wife and son were shot and killed. the attorney crying in court as prosecutors played a clip of what is to be his wife's and son's final moments in the
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estate. yeah, a long time murdaugh friend taking the stand identifying the three voices shot by paul murdaugh, the other son. he's sure the second voice of murdaugh and casting doubt on his ally. all right, well, tom brady confirming yes, that he's retiring for good. now the speculation begins as to what next steps. giselle wishing you well. wishing you wonderful things in new chapter of your life. also rob gronkowski is also wishing the quarterback well. wish network will have him as a host and how much are they going to pay him, that's the next question. we will continue to follow that one, maria. finally there's this,.
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>> the party is on. anyway. the little pennsylvania town has seen thousands since 3:00 o'clock this morning. they have having a good time. they want today see the final decision. winter a few more weeks maybe because everybody is so drunk from all the pictures that i saw and we can't show them on the show. that's all i have. maria: it's going to be six more weeks of winter and told this one is cold one. cheryl: 6 degrees of new york. >> it'll feel like 2. 10 degrees and feel like 5. maria: we have to go to fox weather to get the details. >> go to fox weather, not me for all the detail. maria: that was the smallest rate hike since last march but fed chair jay powell warned that there is more work to be done. watch. >> i think we are going to be cautious about declaring victory
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and sending signals that we think that the game has won because we have a listening way to go. it's the early stages of disinflation and most welcome to be able to say that that we are now in disinflation but that's great but we just see that it has to spread through the economy and it's going the take some time. maria: we are now in disinflation, joining us right now to talk more about that and what that means fisher investments founder executive chairman ken fisher. your reaction to jay powell? >> well, first thanks for having me, maria. you know, my view about central banks is always skepticism. i don't actually think they have a clue what they are going to do. his comments yesterday allowed him pretty much any possibility. he threw in almost anything as possibilities except the kitchen sink and even there i don't think he minds as long as it doesn't go down the drain and.
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let me make a simple point. in may he said, we aren't even contemplating 75 basis point hikes. next month 75 basis points and then 75 basis, 75 basis, 75 basis. they don't know what they are going to do. maria: that's really a great point to make, ken, and yet everything he said yesterday, mark tepper was greeted with rally in stocks. >> you are seeing the rally in tech stocks and investors think there will be a pivot which i think is highly unlikely. ken, question for you. we are kind of going through what i believe to be a pretty significant regime change where we are going from quantitative easing to quantitative tightening and we are not just talking about higher rates, we are talking about the fed unwinding balance sheet as well. all investors have known for the last 13, 14 years is the fed will act like superman and come in to save the day as soon as
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things get a little ugly, however, as we are shifting towards quantitative tightening i think that's more unlikely. i feel like investors are underestimating that risk. what's your perspective on that? >> well, first, i allowed you to feel anything that you want but i disagree with you. i don't think the fed knows what it's doing but i don't think quantitative tightening is doing what you think is doing. when you go back to concepts of what is supposed to be behind monetary policy in the first place going back to 50 years when i started in this endeavor you know that the whole thing is what ends up happening to lending and the fact of the matter when we have such a low cost loan base and long rates are where they are, you have a huge spread on lending and huge profitability and the banks are lending like crazy, less so overseas but, in fact, if you
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look at the strongest developed market, stock market in the world right now, people don't think about this but it's france which is point and a half of all-time highs, why? because their loan base cost is low long rates aren't coming down and they have a huge spread as long as lending is high compared to inflation rates it's pretty impossible to have a recession. maria: impossible to have a recession right now you're saying? >> i wouldn't say impossible, i said pretty impossible. the fact of the matter is and i said this in my christmas day new york post column, i've been saying for a long time, the fact is when lend asking robust, you don't get recession because people in businesses don't borrow money to sit on it. maria: yeah, i just want to point that rates are going higher across the world. bank of england reported raising
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interest rates by 50 basis points. bank officials now, quote, see much shallower recession than feared and waiting on the european central bank decision, it's expected to raise bench mark rate by 50 basis points. bottom line rates are going higher, it has slowed the economy, you're not expecting a recession but what is the lag time effect in terms of a slowdown and does it impact profits? >> all the rates do is impact some subsets of borrowers and otherwise it's the lending that matters. take your eyes off the fed or other central banks increasing overnight rate for banks to borrow from each other and focus on banks loan base versus long-term interest rates because the core business of banking is taking short-term deposits as the basis for making long-term loans and they are lending like
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crazy. the fact is that goes across the entire loan base at this point in time over almost all of the world. it's not -- milton friedman said when i was a kid, don't focus on the interest rate that the fed is on fed funds, focus on the quantity and money of the lending and the fact is the lending is robust. >> so ken, sounds like you're positive on the banks and other financial companies, are you? >> as a general rule -- we started bull markets in october. bull markets aren't called until they hit all-time highs but we are in a bull market and the fact in the first two-thirds of bull markets banks almost do well. maria: we will lever it there. ken, thank you so much. >> thanks for having me, maria. maria: and to you, ken fisher. when we come back exclusive interview with ceo of subway
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john joining us and talk about inflation and how it is impacting business and growthpo outlook for thwee year. he's coming up. ♪ ♪ ♪ hi, i'm lauren, i lost 67 pounds in 12 months on golo. golo and the release has been phenomenal in my life.
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so you get more of the speed you need for day and night streaming. more speed you need when you're work from homeing. and more speed you need as your family keeps growing. check in on your current speed through the xfinity app or upgrade to the speed that's right for you today. maria: welcome back, subway announcing second consecutive year of record sales this this morning the company recording
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7.8% increase in north america. big numbers here. joining me right now with exclusive interview ceo of subway john chidesy, great to see you again. thank you so much for being here. can you assess the quarter for us. tell us about the result. >> good to see you again, maria. we continue in '22 the momentum we created in '21. 8 straight quarters of same-store sales and each quarter got stronger and stronger within '22. a big part of that we launched subway series, 12 chef curated sandwiches in the summer and continued the growth along with all the innovations and investments we made in digital platforms. maria: what about inflation, how has that impacted business? have you passed on inflation to the consumer? >> we've taken some pricing, we are pretty much in line with the rest qsr. in '23 we will see decrease in terms of 200, 300 basis points
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in terms of food basket cost that are our franchisees are facing. we are through the worst part of that. things are looking up from a franchisee standpoint. maria: john, how do you gain scale even from here, even the growth that you're seeing, subway reportedly exploring the sale that could value the restaurant at 10 billion half of subway, though, set to be own bid a charity founded by the company's late cofounder peter buck. buck leaving 50% subway stake to the peter and carmen lucia buck foundation where his two sons are serving on the board of directors. what are the plans? >> yeah, in terms of growth, let's talk about that. it's a bifurcated story. when the u.s. is much more of a unit volume story as you know we are very developed. there's still room for some growth but much more about how we grow topline sales and royalty program coming up and invest in digital and billing out our catering business, et
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cetera. internationally we have tons of room to grow. i would say we could add 24, 25,000 units outside of the u.s. if we were at the same scale as some of our competitors in terms of international versus domestic growth. so growth in one part of the world and unit volume in the u.s. to the families, they own the family and it's up to them to decide what they want to do with the asset. maria: and in terms of the globalization build-out, where specifically globally are you looking to open new stores? >> yeah, the good news is everywhere. we are in a hundred countriesment outside of 5 or 6 countries, you should see think of us mile wide and imp deep. continuing to build out india, china, deals in indonesia. i think we have just under
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6,000. we have a lot of restaurants teed up to be built up. maria: mark. >> yesterday tom brady announced retirement for good and subway was partnered with new york goat. he lost season, fumble and super model in one season. >> yeah. we work with a tremendous number of athletes. we haven't worked with tom probably in over a year. i don't really have to say there other than the fact keep watching what's coming up in the next couple quarters and i think we will continue to wow you with your celebrity athletes and some of the great ad work that you are going to see. >> first of all, i would like to take credit for record sales number. i have 3 boys at home and stop at subway once a day. you're welcome. >> thank you, thank you.
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>> what do you consider, where are you considered to be looking forward your top international market? >> well, you know, from a unit substantiate point china or india given the size of populations and given the size of the unit commitments or the development deals that we've signed. so i think we will see tremendous growth in the two markets over the coming years. maria: john real quick before you go. i have a list here of all of the commodities that have seen price hikes in the last year. you have eggs up 60% year over year, margarine up and flour, all up 23, 28%. your thoughts on where the cost pressures are right now? >> yeah, as i said, you correctly noted, they have been pretty much across the board again we have probably taken 8% prices i would say in the last 4 to 6 quarters, maybe 9%ing.
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some of that through menu and actually taken some price as well. my comment earlier was i think we crested that. while there are elevated levels, ffranchisees will see relieve levels. maria: thank you so much. john chidsey, ceo of subway. we will be right back with the hot-topic buzz after this. ♪ ♪ ♪ ♪ ♪ .
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maria: with welcome back "hot topic buzz," new york democrat congresswoman alexandria ocasio-cortez and four congress members paying campaign finances to chinese foreign agent sing tao ao.c. shelled out on advertisements with seng too papers after the company was facilitated to register as chinese foreign agent by the department of justice, in 2021, that new york congresswoman malliotakis, kevin mullin between 1,000 and 7,000 dollars. liz: i presume that these congresspeople were spending to advertise local chinese language newspapers in california and new york makes a lot of sense new york in particular, nicole malliotakis is someone i know very well
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has been campaigning amongst chinese population. and, by the way, that is a place republicans should campaign because they can make headway there, look. anybody involved in chinese publications of any kind you have to assume they are basically a foreign agent the ccp is involved in everything written, and basically signed off on. i don't know how sinister there really is i think more about promoting. mark: rarld of because optics not good. maria: doesn't look good. >>. mark: 80% 81% people think we are dysfunctional that is why the other admit lying under a rock no clue what is going on american people believe dysfunction in washington. maria: idea ccp infiltrated once again. >> not just a theory it is
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absolute truth i agree with list i don't think this issue is nefarious compared to decades decades chinese government to genealogying in economic espionage the most immeasurable over the years, something we have to sign light on previous administration did a very good job of focusing on the issue and for once we started to have an actual dialogue with china, regime not the people he the -- liz: i think one of donald trump's biggest achievements american people are now aware in universities corporations so many fronts chinese have stolen from us infiltrating to use your word, thank heavens somebody became vocal about it doesn't mean this administration currently ha

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