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tv   Mornings With Maria Bartiromo  FOX Business  May 19, 2023 7:00am-8:00am EDT

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will free up time and what we're talking about as well is the next major innovation for the next decade. and if our country continues to hamstring american innovation in the ways that a we saw in congress this past week, in the way we're seeing from the biden administration, if they try to inject diversity, equity and inclusion into every single thing including a.i. we are going to leave ourselves way behind as china races ahead and becomes a world leader on a.i. maria: that's why montana, the governor there signed new legislation prohibiting app stores from offering the chinese owned app tiktok, the first state that's actually banned tiktok. it will take effect january of next year. >> yeah. i mean, when it comes to bans, if the government wants to ban on its own devices go ahead but the thing is, the use of the word ban, telling people what websites they can visit, what apps to download, that's something we do see in beijing. we should not hear it here in
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billings, in america. maria: that's a good point. carl, thank you so much. good to talk to you about all of that. carl szabo. the next hour of "mornings with maria" begins right now. and the new york times is calling out president biden for you cutting his international trip short saying that the decision to not visit new guinea benefits china. fox business's edward lawrence questioning john kirby about this and the plan to combat chinese aggression. watch this. >> the g7's planning on he derisking is the term i've heard from china. is the president meeting this action or is this the world leaders coming together? >> you're going to hear them acknowledge that nobody's looking for a conflict here with the prc. we are looking to compete. maria: it's all about competition. never a word about the ccp being an adversary. and another cheat sheet, the
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president caught with a cheat sheet at the g7, found holding the paper in the air, called talking points, reminding the president to thank them for hosting the the summit. joining me, lieutenant colonel keith zell is here. how would you assess the president's trip to japan so far? >> well, the house of representatives is focused on the debt ceiling increase. we've got less than two weeks before that happens. and jet setter joe has jetted off to the far east when we are in the midst of very serious timeframe before we must get this done. maria: well, the president claims that the debt negotiations are progressing, okay, even though he's in japan. he said 210 democrats however signed a discharge petition to side-step house speaker kevin mccarthy. they the want to vote on a billo
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raise the debt limit without spending cuts, no strings attached. everybody is telling us on the republican side this isn't going anywhere. they've got 210 signatures. a group -- >> it's not going he anywhere. maria: it's not going anywar? >> it's not going anywhere. the house republicans are united. we had a press conference this week with republicans from the senate standing shoulder to shoulder with us, 45 republican senators make it impossible for a clean debt ceiling bill to get through the senate. we've already passed our bill. it is time for the president to negligence other t yates. i think negligence other -- negotiate. i think negotiations are happening. time is running short. we need to get this deal done along the lines of the republican bill that we passed. we've done our job. now the president needs to do his. maria: well, look at kevin mccarthy's job approval. soaring 18 points since becoming speaker. he is pushing forward on all of
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these things. do you think he's going to be able to lead this effort to put caps in spending in place for the coming years? >> absolutely. we are doing a that. we've already done it in this bill. we've got the senate republicans standing with us. this bill is going to cut government spending for a very short increase in the debt ceiling, for a very short period of time as well. it's going to happen. maria: why are democrats writing a letter to the president, urging him to use the 14th amendment to raise the debt limit clean, no strings attached. are democrats on the same page here? >> absolutely, desperation move. they understand that is not constitutional. it will not happen. these are moves of desperation by the democrats. the republicans are leading this effort. we now have a bill on the table, time for the president and schumer to come to the table and
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do the deal before 1 june. maria: congressman, we've got to talk about the border. we just showed another bus showing up at port authority in new york city today. this morning migrants on the ground in new york city. texas governor greg abbott announces the state is sending illegal migrants to denver, colorado, tweeting until president biden steps up to secure the border texas will bus migrants to sanctuary cities, period. the govern announcing texas bussed over 18,500 migrants to sanctuary cities. congressman, president biden is dismissing the idea a that it was texas who helped prevent chaos since title 42 expired. they say it was all their efforts. your thoughts? >> well, governor abbott has announceds he's deploying additional troops to the border under a new tactical unit that he's sending to the border. texas is leading the way. if you've seen, they are now
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starting to turn immigrants away at the border with barbed wire and a people behind the barbed wire so this is starting to work because we have a tsunami coming. i've been briefed on central america, people coming up through central america and until we make serious our efforts, it's going to continue. and oh, by the way, the sanctuary cities are crying over a miniscule number of illegal immigrants compared to what texas is suffering so i have very little similar pa a this se sanctuary cities who a miniscule number of immigrants at their doorstep. maria: what kind of impact are you seeing in terms of the border towns, texas towns? how have things changed as a result of this explosion of immigrants coming through the wide open border? >> the thing that concerns me the most is the demanding nature of the immigrants. they don't knock on doors and ask for this now. they demand. they are as well armed as the ranchers are.
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the ones that are bringing them over. the rapes continue. i'm starting to look at the darien gap, the area between colombia and panama, which is a choke point. there are lots of people coming up through central america to the border and this is the time with the demise of title 42, we have got to get a handle on it. gives us that opportunity. the house has passed a very strong border bill to start -- restart construction of the wall, to increase the number of border agents, to start protecting the children that are coming across the border. maria: yeah. by the way, you know who else is using the darien gap to get through? chinese nationals. and what i'm told by the border patrol is they're all engineers. why are so many engineers coming through the darien gap to come and get apprehended and come into america. we don't know how many got aways
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there are. what's going on there, do you think? 1300%. look at a this. hold on of. i want to correct. it's 1300% the increase year over year. this is incredible. >> whether they're engineers or not, they are military aged young males. what does that tell you? they are infiltrating a reasonable y sided force into te united states. we need to start paying attention to that. these are chai noose. chinese. china is at war with us. psychologically, economically and perhaps infiltrating an arrest a my across the border. maria: we're studying this. i find this highly sus but. we're going to -- suspect. we're going to keep a spotlight on it. are they directed by xi jinping? we don't know. congressman, good to see you, sir. thank you. >> thank you. maria: much more ahead this morning. coming up, trillions in debt, growing. we are looking at a market
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reaction this morning to earnings but will the market start focusing on these debt ceiling talks which are happening next week now? then, taking the edge off at work. you will never believe how many workers we are told are act actually, well, using substances on the job. it is making a buzz this morning. don't miss it. you're watching "mornings with maria" live on fox business. ♪ show me the money. ♪ don't be talking no trash. ♪ ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently.
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maria: welcome back. time for the word on wall street. top investors watching your money. joining me is former gartman letter editor and university of akron endowment fund chairman, dennis garth man, chief global strategist, jay wood.
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thank you for being here. dennis, kicking things off with you with a look at a futures this morning which seem to show some optimism ahead of next week's debt negotiations. we've got chairman jay powell speaking this morning in a speech, the fed sending mixed messages about whether or not we're going to see a pause in rates this upcoming meeting in june. dallas federal reserve president logan says current data does not justify a pause. fed governor jefferson says inflation is too high but the impact of high rates have not been fully felt yet and federal research president bullard say higher rates are an insurance policy against inflation. back and forth here, dennis. what do you sunshine i know theo you think? i know the futures market is pricing in a 40% chance of a june rate hike. some are saying the fed is done. >> i think the fed is probably -- i think the 40 40% bet is probably the proper way to look
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at it. the most important point has been mr. cashcarry who has become quite overtly hawkish, talking about the continuation of inflation. he's a voter which is important this time to understand that he's one of the regional federal reserve bank presidents who can vote. so i suspect that we'll probably end up seeing -- if i were a voter, i suspect we would see the fed vote to do nothing, maybe, maybe, maybe, a 25 basis point increase but that's going to be the end of it. it will be a long period of time, however, before the fed moves to ease monetary policy and i take issue with the fact that the fed funds futures have argued for several rate cuts by the end of the year. i think that's highly unlikely. i think at the june meeting we probably go sideways, we may have a 25 basis point increase. it will be a long period of time before we have a rate decline even though they're arresting win for one -- arguing for one
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coming up. maria: we've seen an impact from 10 straight rate hikes. we're looking ahead to more retail earnings next week to get a better sense of you how weak the consumer may be, becoming, lowe's, best buy, dollar tree, costco, kohl's, out next week, expected to report quarterly numbers. can assess the earnings period so far, jay and what are you expecting from those retailers next week m? >> so far, the retailers have been remarkably strong. a year ago it didn't look so good. we've been trading sideways for a year but you had some positive things out of target in price action. home depot wasn't too strong. but the stock held some key support levels, doing well. walmart actually gave good guidance. that's the one that i like to follow. and it's been acting the best of the group. so we're going to have a lot more key earnings. i think the focus will turn into some more of the hotter stocks next week like the nvidia, the zooms, palo alto network.
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but retail is chugging along. they're doing all right and doing all right given some of the backdrop is not a bad thing right now. maria: well, it's bifurcated. look at foot locker this morning. foot locker stock is p plummeting right now. they had an earnings miss when they reported so it's a bifurcated market depending on where you're looking if he retail. you had home depot the other day tell us that you're not seeing as much home construction and do it yourself within home he depot but foot locker's really the disaster of the morning this morning with a miss on earnings, down 23% right now in the premarket, dennis and jay. >> yeah. and foot locker was a bit of a surprise today to the downside. what we're seeing in just all sectors is they are separating the weak from the chaff, horrible expression. look at john deere. you talked about it earlier on your show. john deere is up 5, 6%, breaking
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a down trend, maybe caterpillar follows. we're seeing some rotation but the strongest sectors, the strongest stocks in the sectors are acting the best. walmart, you know, up 7% for the year. but the retailers have been kind of flat. and the ones that don't do well, like you see in foot locker this morning, they're getting hurt. maria: yeah, you know what i was really surprised at to hear from target yesterday, put a number on the shrink and when i say shrink i mean theft. they're calling the shrinking inventory shrink but it's almost half a billion dollars that you're looking at an increase in costs around all of those things that have been stolen. the theft is a serious issue for these re retailers. >> it is. but they're addressing it. you haven't seen numbers like this quite frankly ever but this has become a staple in the earnings reports and what they're doing is they're changing locations in certain cases, they're addressing it,
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letting the public know that this has become a normal part of the earnings cycle. it's sad to see but it's become what we see in some of these bigger retailers. maria: it really is. final word, dennis. >> theft becomes normal, that's a problem. maria: exactly. when theft becomes normal and here it is. normalized. dennis, jay, great to see you both, gentlemen. thank you. >> thank you. ma.>> thank you. maria: we will see you soon. coming up, turns out the fbi shut down at least four investigations into the clinton machine. hillary and bill clinton. months before the 2016 president 2016presidential election. the shocking details on the two tiers of justice, right here. ♪ what is love. ♪ baby, don't hurt me. ♪ don't hurt me no more. ♪ what is love. ♪ baby, don't hurt me. ♪ don't hurt me no more. ♪
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maria: welcome back. well, the durham report was released this week. it revealed that the fbi shut down four separate criminal investigations into the thereinn foundation, three in 2016, another one in 2014. despite investigators receiving claims from a well placed confidential source that foreign governments were trying to make
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illegal donations to gain influence. this is a familiar story, we hear it over and over again. it looks like the republicans are finally recognizing this weaponization that has taken place of our federal agencies. but, wow, was the two tiers of justice evi evident around the clintons? >> we all know that millions of americans are not really invested in the government. they want to go on with their lives. the one thing they demand is fairness in terms of prosecutions, otherwise it's a house of cards from the sense of yes, we're going to protect you, we're going to make sure that people live by the rules. this is a case where with you have two different completely different views of evidence. what's the standard? it should be applied uniquely and objectively across the entire situation. this did not happen with the clintons, did not happen with trump. these are the types of things where the fbi, the leadership has to come back and say okay, here's what we're going to do
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going forward because the fbi does provide an a important safeguard against crime in this nation. they have an important role but any time that this happens, their leg legitimacy is questiod and when that's questioned you have the workforce who sits there and says why am i doing this, why am i working with the fbi? you have people in terms of businesses and governments who say why should we trust what the fbi tells us? and lastly, you have common sense americans who sit there and say is this really the nation i want to be living in when you have this type of different approach to justice? maria: well, i thought it was pretty stunning what kim strassel wrote in her op-ed on the durham report. what she points out is that in the durham report during the time that they were probing the trump campaign and then a sitting president, john, they
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actually told underlings in the fbi to report their findings orally. don't write it down. nothing in writing. she pointed that out in her op-ed this week on the durham report and i just think it is stunning. kim strassel writes durham on comey's c culpableity and how ty compromised the christopher steele sources even before the opposition researcher began feeding the dossier to the fbi and acording to the special council's report, the team reviewing the intelligence was told in a meeting with a top member of the trump russia collusion probe to be careful because issues relating to the steele dossier were under intense scrutiny. dina coursey, the deputy assistant director for counter intelligence ordered that all the findings be reported only orally, nothing in writing, john. >> you know, chatgpt would call this sleaze on the part of
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the fbi. this is really embarrassing. maria: terrible. >> it's a double standard. let's just be honest with the young people in the country. we should tell them if you want -- if you're a progressive, you ascribe to a different standard of justice or subject to a different standard of justice than if you are a conservative. so if you want to go ahead and put your con career at risk or whatever, stay away from conservative philosophy, conservative politics. that's dangerous. one more thing, as a taxpayer, i'm furious. i'm paying a taxes. paying for the fbi and they're wasting their time on this political nonsense. shouldn't that time be directed towards fighting real crimes as opposed to imaginary political crimes? maria: i mean, it's outrageous and after dina coursey told the
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underlings to only report findings orally, one fbi lawyer told the durham team it was, quote, the most inappropriate operational and professional statement he ever heard at the fbi and that he was so appalled he walked off of the review. so -- >> if it isn't in writing, you can't review it. no standards. maria: exactly. that's my point. quick break and then president bidens is in japan for the first full day of the g-7 summit today where china and russia are the focus of conversation can. the very latest headlines coming out of the g-7 on the other side of this break. ♪ you can ring my bell. ♪ ring my bell. ♪ you can ring my bell. ♪ ring my bell.gger ♪ rude. who are you? i'm an investor in a fund that helps advance innovative sports tech like this smart fitness mirror.
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cheryl. cheryl: the judge ruling that he will remain behind bars without bail. prosecutors say is a flight risk. he didn't speak during yesterday's hearing but his lawyers say bob lees' death in san francisco was an accident and self-defense. his sister was a close friend of bob lee with the two going outs to clubs together in the city and engaging in an you affair. prosecutors allege bob lee was b confronted about the relationship which led to the fatal stabbing. well, newly released video showing the moment an iowa police officer dloings the hood of a car as the driver attempts to flee a traffic stop. watch t. >> stop the car, stop the car. [bleep]. put on the brakes. put on the brakes. cheryl: you can see the officer continues to hang on as the
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driver picks up speed going down the road. eventually, the officer had to let go. he jumped off the hood. the car speeds off and left the officer with a broken back. police say the driver had an existing warrant and was trying to evade arrest. he has since been captured sentenced to five years in prison. well, major recall to tell you about this morning. according to the national highway traffic administration more than 33 million americans with driving vehicles with air bag inflaters that in rare cases can explode in a collision and spew shrapnel. so far, at least two people have died. the agency's calling on arc automotive to recall 67 million inflaters but arc is refusing comply, they say there is no real evidence their air bag inflaters are defective. finally, a japanese ice cream brand has broken the guinness world record for selling the most expensive ice cream. it is selling a flavor called
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biyakuya, $6,696 per serving. the ice cream includes white truffle grown in italy, saki leaves and edible gold leaf. the company says it took them a year and-a-half to create. the previous record holder was serendipity 3 in new york city, the sundae sells for $1,000. i went to serendipity to try one of their famous sundaes. my wallet hurt from that. that was just a regular sundae. maria: yeah. and how many calories does it put on you? i mean, there's that as well. you're spending all the money for it. [laughter] cheryl: i can think of other things to do with 7 grand. but anyway, i'll leave it there. maria: shank you, cheryl. well, day one of the g-7 summit in the books, wrapping up in japan. president biden and other g-7 leaders unveiling new sanctions on russia today as they prepare to hear from ukrainian president
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zelenskyy in person. he'll be there at the g-7 this weekend. the china threat is of course among the big focuses there. leaders are expected to discuss and issue statements on beijing and its use of, quote, economic coercion. joining me is national security analyst and hudson institute sessenior fellow, rebecca heinrichs welcome back to the show. >> thanks for having me. maria: let's talk about china's economic he coercion. i want to get your take on how far these g-7 leaders do you believe are willing to go on this? but first, assess the threat, the china threat to america and the rest of the world. >> china is still the number one threat to the united states in all domains of national power, economically, militarily, it's all kinds of things it's doing, tech-wise. inside the united states, inside other countries, and still it really is an aggressive
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authoritarian power and imposes a very serious threat to the united states. which is why i'm not optimistic that a lot of these statements that are going to come can out of the g-7 regarding china are going to be clear-eyed enough. there's going to be a lot of -- already saw a great statement coming out the g7 on russia but unless these countries clearly understand and agree that the russia problem is connected to the china problem and that these two countries are aiding one another and that china's backing russia, we're not really going to address the threat head-on. maria: and i don't see the united states addressing it at all. let's face it. china still has most favored trade status as if it's a developing country. they're getting a break they in terms of trade with the united states. the u.s. and taiwan reached an agreement on a number of trade and investment measures yesterday. the deal sets broad standards on trade but it stops short of a formal free trade agreement. beijing says its commerce minister will visit the united
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states next week to meet with u.s. commerce secretary gina raimondo in washington. is that going to move the needle on anything? >> no, it's actually very dangerous. it's concerning. you raise a really good point. united states military is not having open communications with the chinese military. remember that chinese spy balloon that traversed the u.s. and then jake sullivan said we're trying to move past that. and so there's some serious military issues that directly undermine u.s. security. yellen is saying, listen, security is number within but we still want to talk about things we can do economically. they say security's number one 6but they're memory holing a lot of these important issues, not addressing them. china is behaving provocatively and recklessly around taiwan and against u.s. and allied ships and aircraft that are flying freely. so it's very concerning that the unitedunited states seems like t
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wants to put these issues behind them and treat china not just like a normal country but a responsible one that is a recipe for disas per. maria: why are we putting it behind us? why not take on the issue head on. why is the chinese communist party sending a spy balloon and why did joe biden let it traverse across the country. this administration won't call china an adversary. from john kirby to president biden to the whole cabinet, janet yellen, they keep calls china a competitor. we want to compete. >> that's exactly right. they call it a competitor. it's obviously a rival. i would go as far as saying it is an enemy, it is an an adversary. you ask the question. it seems rhetorical but it's a good one. why is the u.s. government doing this? i think they simply are too afraid of doing what is fees to push back on china. we've got elections coming up.
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joe biden doesn't have the wherewithal, doesn't have the determination. he doesn't have the guts to do what is necessary to push back on the prc so it really does seem to be a kind of backing away from these policies that were put in place during the trump administration that initially were carried through from the biden administration. on the spy balloon, why doesn't the american people -- why don't we know more about this? there should have been a show and tell from the pentagon to show the american people what was on the balloon, what the pay payload was. it has been pushed aside. the reason is, xi jinping doesn't want us talking about it. that's the primary reason. and the united states government is complying with these demands. maria: that's exactly right. and joe biden backs down always in front of the chinese communist party. but you know, you i want to get your take on corporate america. i mean, remember a couple weeks ago, rebecca, the white house was sending out all these leaks and floating these ideas that the president was going to come
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up with new limitations to investing in chinese companies and he was going to do it when he was in japan at the g-7. i have heard nothing about this. it's squat. i mean, you know, corporate america has been helping china expand, investors have been funding the expansion of the chinese communist party. joe biden signs a memorandum of understanding back in 2013 allowing hundreds of chinese companies to trade on u.s. exchanges and not even follow our audit rules. really. i mean, all the companies, public companies follow the same rules, the securities and exchange commission laws but not if you're a chinese company. joe biden you allowed that, hundreds of companies to trade without following the rules. were supposed to get a list of restrictions in investing around chinese companies around the g-7. we didn't get that. >> no. and i think that this is part of the administration looking to see which are the things that are going to ago gray --
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aggravate china and let's set that aside in the hope they get some other kind of breakthrough. it's worse than short sighted. it's incredibly dangerous. the companies will respond to demands, political demands and signals they're seeing. if they don't see the united states of america is going to make it clear that certain kinds of investments are simply out of the question or dangerous for the american economy in the long run, they're dangerous for the american people in general, then companies are not going to be concerned about that. and so really those be political leadership on the part of the united states and we're simply not seeing it. the other point i think is important is remember the g-7 is happening in hiroshima in japan. a lot of these statements that are coming out about russia, russia's he behavior, russia's threats against -- obviously its aggression at ukraine, a lot of statements are veiled statements that could be applied to china versus taiwan. but so far we haven't seen any
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of those statements made very clearly. we have got to see those kinds of statements made very clearly. otherwise, you're going to have countries following the lead of the united states. gegermany, the chancellor wantso have a chinese port deal that would be incredibly dangerous for europe. we're going to jump from nord stream 2, problems with russia, to port deals with china if we don't have a clear understanding of the threat that china poses. maria: that's a great point. you're absolutely right. great points all around. rebecca, great to see you. >> thanks, maria. maria: thank you. quick break and then my next guest is threatening to cut ties with banks over corporate activism. florida's chief financial officer is here with the florida angle. ♪ you know i love it when you get your shine on. ♪ you'll be rocking all night long. ♪ summer sky, lights on
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golo is real and when you take release and follow the plan, it works. maria: welcome back. a new law passing in florida prohibits banks from considering social and political factors in their lending decisions. the state preparing to cut ties with banks if they do not oblige by these rules. joining me now is florida's
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chief financial officer, jimmy patronis. thanks very much. congratulations on all you're doing in florida. you say if florida loses banking relationships, it may be relationships that need to be reconsidered anyi way. tell me what's going on. >> house bill 3 was passed last year, they're saying florida is where woke goes to die, if you prescribe to esg practices you won't be eligible for government dollars. we'll set up the cry criteria. it's an open process. we'll take public comments. you need to be free of esg if you want government dollars in the state of florida. maria: part of this starts with the administration which is sending out these signals to corporate america into the banks in particular. saying start killing a off fossil fuels. we've talked to energy companies that are worried that they're not going to be able to get the
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lending they need because the banks are taking you cue from te administration. a banks p shutting off lending to fossil fuel companies? >> in states where that has been triggered, we have seen debanking that's taken place by those state governments. it's happened in west virginia. hypocrisy is so rich, they'll debank in the united states but the funds will gladly ship and invest money over to china that has no fear of fossil fuels, that has no scrubbers, nothing to -- they're maximizing cheap energy to sell us cheap junk. maria: so what are you going to do if the banks push back on you and say, well, that's fine, we want to keep these standards, the administration's telling us to keep esg in place. we'll get out of florida. >> well, we'll j just move to state chartered banks. we're in an environment where banks are fighting for money.
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i get three calls a day from banks saying hey, can we get our hands on state funds. we're on the tipping point of a hell of a recession. and these banks have got to get their hands on some money. interest rates are killing them right now. maria: well, look, let's talk about what's going on there with disney. disney officially calling off plans for its $1 billion florida development. it would have brought more than 2,000 high paying jobs to the state, jimmy. are you disappointed? >> look, any time that a cast member forgets their goofy costume or storm trooper stubs their toe, they're going to blame ron de santis. because there's a lawsuit taking place, they'll leak it to the federally owned new york times. it's a continuous drip, drip, drip by disthis as they've gotten themself in a mess. disney doesn't have a florida or ron de santis problem. it has a disney problem. maria: where is this going? what -- there's a serious fight between de santis and disney.
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how does this play out? >> so i'm 17 years in this process. i'm about making customers happy. i've not once, not twice, i've pleaded bob iger needs to come to the table and quit this nonsense. right now, they're losing millions of subscribers -- they're closing the flagship flagshipstar wars hotel, they'rg decisions like they have to, laying off people. it's convenient to blame ron de santis. he's a high profile target. it makes stockholders and directors have a scapegoat to blame it on. look, bob iger is doing what he needs to do to survive and unfortunately getting $2,000 a night for a hotel doesn't fly anymore in the united states. maria: well, look, i'm glad that you're pulling back and pushing back on these banks that are p putting these woke id
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ideologies ahead of decisions and standards that we're hoping are fair. jimmy, according to the bureau of labor statistics for the first time in at least 40 years, there are more jobs in florida than there are jobs in new york. tell me about this boom going on in florida. >> so this is for the fourth time in the history of the state of florida that we have crossed 400,000 new floridians in the state. so we've got over $30 billion of new recurring wealth coming into the state. this past year alone. and that's where new york is losing money, california is losing money. i talk to people all the time. i was in the villages a month ago. i talked to a new jersey couple, buffalo, new york couple, chicago couple. all a three i said what brought you to florida. i'm thinking this is their kids, the weather, something else. no, every single one of them was taxes. so lower taxes, they're tired of being taxed to death, tired of
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their dollars being used in other places other than funding law enforcement. creating a safe environment. in florida, that's what we're leading on, leading on quality of life, peace of mind and security of families. maria: we just reported this week that new jersey had to lower its expectations for revenue, connecticut, illinois, new york, all did the same in the last several months. jimmy, how much would you estimate that the revenue increased in florida as a result of all of these new people moving to florida and out of those big high tax states? >> well, i'll give you an example right here. florida's no income tax but we have a sales tax and documentary stamp tax. this past quarter we balanced our budget in florida. this past quarter our revenue estimates were $2.4 billion over expectations. so again, the people are moving here. they're spending money. our budget, here's another great statistic. new york has 18 million people. florida's almost 23 billion --
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million people. but new york state budget's over double of florida's. so continue to fund that type of monster on the backs of fewer people, every single day, it's going to be a challenge for new york. i'm glad i'm not hochul. she's got a mess on her hands. maria: all right. great to get your take on all of that. good to see you. jimmy patronis joining us in florida. thank you, sir. >> thank you. maria: that is one way to take the edge a off, you'll never believe how many people are under the influence at work. the hot topic buzz is coming up. stay with us. ♪ so what we get drunk. ♪ so what we smoke weed. ♪ we're just having fun. ♪ we don't care who sees. ♪ so what we go out. ♪ that's how it's supposed to be. .♪ so what we get drunk. ♪ so what we smoke weed can hel.
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i'm sholeh, and i lost 75 pounds with golo. i went from a size 20 to a size 6. before golo, nothing seemed to work. i was exercising for over an hour every day. it was really discouraging. but golo's so easy, the weight just falls off. and i remember kind of thinking like, "oh my gosh, i think we could be sisters." because i think we looked... yes. right. yeah. and i don't think at that time- i think you're the one to tell me that we had the same birthday. yes. it's really unbelievable when you think about it, because it's been, like, really over 20 years that you were my mother and father's banker, you became my banker and now fran is in her third year of college and you're her banker.
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it's so unbelievable because i'm just 20 years old. [laughing] "hot topic buzz" have ever is a husband killer, the number of american workers testing positive for marijuana now at the highest level in 25 years. quest reviewing over 6 million workforce yourin the efforts in 2022 found 4.3% positive for pot a jump from 3.9% in
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2021 food servicer hospitality most often had i worked youring mairn 8% having drug in systems, michael i reported this, several years ago, because he i actually had an opportunity to talk with the ceo of one of the biggest retailers out there, he told me, that he was they were doing testing on employees, and unfortunately he said we are going to have to top testing finding most people have marijuana in their system. >> about safety and, frankly, productivity, you know, so particularly, in healthcare, when you -- folks who could be high supposed to be recreational use not business use, so the question really i also, what are your employees doing did in fact high at work. maria: john let's face it in many states, it is actually legal. >> that is right. , of course, the consumptions of alcohol has been legal
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sometime too, quite frankly, if you are a young worker, you don't want to go any place on the job, just be stagnant, why not get high? why not show up and a half the bag from drinking while at work? so a sad state of affairs a problem that has always been with us many of us can recall, jobs, when we used the to go to the office, where you could come back after work you would smell alcohol, on breath people didn't stay at a job for how long, quite frankly, didn't realize full personing. >> walk around new york city stench overwhelming. >> absolutely have not gotten the whole linesing scheme not done in new york, not been the boon they thought it would be, a problem. >> michael john stay right there next hour "mornings with maria" begins right now. >> good fr

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