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tv   Mornings With Maria Bartiromo  FOX Business  April 23, 2024 7:00am-8:00am EDT

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maria: welcome back. good tuesday morning, everybody. thanks very much for joining us this morningism maria bartiromo. i hope you're having a good tuesday morning. it is tuesday, april 23, just before *u7 a.m. on the east coast. former president trump is back in court today, prosecutors will argue whether or not he violated his gag order. trump's attorneys fired back during their opening arguments, saying he's innocent and had nothing to do with the a alleged hush money payments. alvin bragg says he orchestrated
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them. trump calling the trial a witch hunt to keep him off the campaign trail. watch. >> this is a biden witch hunt to keep me off the campaign trail. i should be in georgia now. i should be in florida now. i should be in a lot of different places right now campaigning and i'm sitting here. and a this will go on for a long time. it's very unfair. this is a case that nobody wanted to he bring including alvin bragg. it was just at the last second this never happened before where the state tries to assert itself in federal elections. nobody's ever seen it. maria: it was former biden justice department official delivering the prosecution's opening statement as the judge ruled if trump testifies in his own defense. other cases against him are fair game to be brought up. i think this is interesting that it's michael colangelo.
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he served as u.s. associate attorney general under president joe biden's administration and then he left that position to become a state prosecutor in alvin bragg's office. so right there, you've got this massive consiste conflict wherey who is serving all of these attacks against trump actually served joe biden. that is why jonathan tourly is calling this whole thing embarrassing. you know what else? this whole idea that he used campaign funding. you know what's not coming up in these conversations, how hillary clinton used campaign money to come up with the steele dossier. okay. so there's that as well. >> exactly. it's just showing that the fact that matthew co-angelo is here prosecuting the case after being number three at the doj it's so flagrant and blatant what they're trying to do to prevent donald trump from winning the election, it's complete election
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interference. it's out in the open. the american public sees it. this is why gavin newsom came out and said joe biden towed it down with these cases. this prosecutor was investigating donald trump. how can he be fair? s there's no fairness in this process. it's a split screen campaign. we see that donald trumps is being held hostage in court, not allowed to be on the cam cay can trail, while joe biden is out on the campaign trail. whether or not it's making a difference that'ser another matter. it's so incredibly unfair. when the american people are able to hear from the press about it, when the press does report on it had see the truth. maria: absolutely. it is obviously election interference now that we see trump locked up in a courtroom and goa going to all -- joe biden going to all the swing states and laughing about it. the president said well, trump's a little busy. he's actually mocking it.
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here's jonathan turley on fox news, trump is right. this is an embarrassment. the fact that we're talking about this case being present in a new york courtroom leaves me in utter disbelief says jonathan turlye. you have a misdemeanor under state law that had run out, going back to 2016 and they zap it back into life saying thers a campaign law that doesn't exist. ythey compared trump toclinton. hillary clinton funded the steele dossier. so they could investigate the discredited claims that we knew from day one on this program that it was a lie, made up by hillary clinton. so she's fine. no problem. but he's in court. your thoughts, mark? >> i mean, look, this is that two tiered system of justice.
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this is weaponize ofation of biden's do's doj against trump. he's campaigning for the president sigh and he's got his hands tied behind his back, deck stacked a against him. it's almost impossible for him to get a fair trial with an impartial jury, part of his constitutional rights. it's incredibly disturbing. there are people who back in 2020 were vocally supporting president biden, they were anti-trump who are now actually coming to trump's defense at least in this regard saying this is not right. maria: because it's obvious. >> this is not fair. this is not how our legal system is supposed to work. maria: everybody sees it. it's so obvious. i have to get your a take on the protesters. university protests growing across the country. we've got students occupying america's top universities and institutions. columbia university's president facing calls to resign now. former president trump posted this on truth social saying the
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palestinian protests at columbia university have closed the college down but the area surrounding the courthouse is closed off like a drum with new york city's finest police all over the place. why not send some of those flows columbia to protect jewish students, krysia. >> becauses they don't care about jewish students, unfortunately. this is exactly what the president of columbia wants, again going back to her comments after 9/11, she said that terrorism is a type of protest. those were her words. so clearly it doesn't matter to her. she needs to resign. there's a complete and total disregard for the fact that these students are frightened. they're now not able to go to class. there's a hybrid classroom. we're going back to covid days. and donald trump is right. people at the courthouse are not allowed to protest but here she's quote, unquote protests which aren't -- they're violence. they're ayou allowed to contin. they should not continue and the president needs to resign. maria: quick break and we're
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looking at a big week of earnings. jetblue, ups, ott out before the opening bell, tesla after the bell tonight. we've got the preview coming up. the word on wall street panel is here with what this means for markets and company guidance the next quarter. that's coming up. you're watching "mornings with maria" live on fox business. we'll be right back. ♪
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maria: welcome back. time for the word on wall street, top investors watching your money. joining my now citi head of u.s. equity trading strategy, stuart kai car. kaiser. also with me is mark ten ther. mark, i want to begin with you. futures this morning indicating a gain ahead of another busy
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week of first quarter earnings. dow industrials up 88, nasdaq up 72. we are at the beginning of the first quarter reporting season. shares of jetblue plunging this morning, it beat on earnings this morning but it also reported revenue that was in line with expectations. and it forecasts second quarter revenue to be down 10 and-a-half percent for the second quarter. so that guidance there is the problem with jetblue which is down 7% right now. general motors stock is trading up about 4%. it reported a double beat, raising its full year guidance, ups reported a beat on earnings, missed on revenue on high labor expenses. ups is up almost 2%. so tesla is coming out after the bell, mark. we're looking ahead as well to tay tomorrow and then you've got alphabet and microsoft out on thursday. give us your reaction to what we're hearing so far and what we should expect interest the earnings going forward. >> this is an a absolute huge week for earnings, some of the
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biggest, most popular companies out there. maria: 30% of the s&p 500 report this week. 30%. >> so it's a huge week. it really couldn't come at a more pivotal time for the market given what we've been talking about, maria. first quarter was great tore the market, up around 10%. second quarter has not started off all that well. fortunately, yesterday we saw kind of a relief rally and looks like that should continue through to today. but when you talked about some of the companies that have already reported today before the market opens, one of the ones that stands out to the me is gm. you look at gm with a beat and raise quarter, not because they're selling a bunch of evs but off the strength of their truck sales, specifically heavy duty trucks which tend to be gas you yo guzzlers or diesel power, that's where they're driving profits right now. with the climate change stuff that biden was pitching on earth
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day, the american consumer has made had his or her case they don't want evs just yet. we look at tesla, meta, all these companies that are reporting today or later this week, a lot of the focus is going to continue to be on a.i., obviously with meta, ad spend, things along those lines, tesla we've been talking about for quite some time, it's a challenging position where they're cutting staff, at the same time they're cutting the prices of their vehicles so certainly very challenging but overall so far earnings season has been positive. i would expect it to remain positive and desite the fact that investors certainly have continue digestion so far this month and quarter, i would expect the market to continue to grind higher into year end. maria: what do you think, stewart, are you expecting a good market performance? i want to get your the on clot is the, oil prices are lower this morning, gold is slipping to a two and-a-half week low but these are areas you would expect
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to spike in this environment of unrest in the middle east, we're also watching the inflation story of course. we've got the first read of first quarter gdp out on thursday and federal reserve's preferred inflation gauge, march pce index out on friday as gold is at 23, 13, crude oil this morning is at 81, 51. your thoughts? >> as you mentioned, i think earnings coming in for the right time on markets, higher interest rates, higher commodity prices, higher inflation print than we would have liked, news out of the middle east has been disruptive. i think earnings season will be important. what do we get out of a.i., ahead of corporate margins, guidance on corporate margins, how does that look going forward and what are we seeing from consumer companies. can they reit rate the strong consumer demand and relatively healthy cong consumer credit influences going on. the middle east, equity at this markets have tried to compartmentalize the middle
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east. equities investors have largely ignored the risk factor. the last couple weeks that was not the case, oil is close to $90 and that effectively forced equity investors the look to the middle east, review all the headlines, see what's going on there and it caused a little bit of a kind of risk-off event and that got gold higher, equities lower and supported the price of oil. what we saw over the weekend, a little bit of release of some of the pressure perhaps, release of some of the fears of escalation, i'm glading which at this markets are getting -- equity markets are getting their feet under them and performed well. it's relatively positive. earnings are coming at the right , will provide support for the markets. pce and gdp atlanta fed projects around 2.9%, reinforces what we're seeing. pce we're expecting a lower print than the fed is which reads incrementally positive. maria: you've got to consider the federal reserve, the fomc
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meeting next week as well as the jobs numbers next week. are you expecting any commentary about a cut in interest rates or do you think jay powell is taking that off the table now? >> look, i think they still want to keep it on the table in general. they don't want to lose that optionality. i would say. so it is going to be very important. what's interesting, you mentioned the jobs report. the nvidia earnings day is priced as as big event as the jobs report right now. that kind of gives you a sense of how important a.i. is and how important earnings seasons are. obviously fomc will be very important. likely the recent narrative which is pushing that rate cut kind of further in the future is going to continue but i think they still want that on the table. they don't want to lose that optionity and if we get the pc print which we expect from our u.s. economists which would be 2.7% year on year, we do think that a allows the fed to keep the cuts in the back half on the table. maria: all right. we'll be watching that. of course your comment about a.i. spot on. we'll be watching for what microsoft says about a.i. tomorrow. that's going to be -- and of
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course meta as well. stuart, great to see you. come back soon. mark, you're with us all morning. we're grateful. thank you, gentlemen. great word on wall street. have a good tuesday. coming up, the senate is taking up the house foreign aid bills today, missouri congressman eric burleson is here to tell us why he voted no on ukraine aid and why we should put american safety and the border first. you're watching "mornings with maria" live on fox business. stay with us. ♪ you know that i could use somebody. ♪ someone like you. ♪
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>> do you condemn the anti-semetic protests on college campuses. >> i condemn protests. that's why i set up a program to deal with that. i also condemn those who don't understand what's going on with the palestinians. >> should the columbia university president resign? >> i don't know that. i'll have to find out more about that. maria: that was president biden yesterday condemning anti-semetic protests. he also of condemned both sides
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as well. nyu joining harvard, columbia, yale, mit, princeton, stanford, other top ranking universities in the country with an anti-israel protest on campus yesterday. at least 21 of the top 50 of universities have had an anti-israel protest activists in the past week. joining me is missouri congressman, house oversight committee member and house education and workforce committee member, eric burleson. your reaction to all of this anti-semitism raging across the country? >> yeah, i don't think that biden is accurate. i don't think that israeli students or jewish students should have to apologize just for existing on this planet. that's the junc juxtaposition te been put under. israel shouldn't have to apologize for defending its borders and its nation against these horrific, b barbaric attas
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that have occurred. maria: you don't see the upset you saw around january 6, you don't see the upset you saw in other situations like this. what are you going to do as n elected official to stop this anti-semitism in this country? this is absolutely disgusting. >> a few things. i just got back from israel and tried t to disseminate or of eliminate the erroneous talking points. one is that one of the things i want the american people to understand is that there are american citizens held hostage currently in gaza by not only hamas, but by the citizens of gaza, palestinian citizens are holding u.s. citizens hostage. inned in addition, it was palesn citizens that were part of the third wave who invaded southern israel, those citizens were the vast majority of the people that were aattacking, raping and
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kidnapping israeli citizens. this is important information. what are we going to do about these campuses? i think the columbia university needs to take action immediately. they need to arrest and remove all of the people that are encamped on their campus, many of them are probably not even columbia students and then they need to expel any students that have committed some of these violent hate protests and they need to remove or terminate the teachers who are engaged in his activity. maria: i mean, shouldn't the biden administration get tough on this stuff? i mean, how tough was joe biden and chuck schumer against benjamin netanyahu the other day, saying there should be be new elections and he doesn't serve the needs of the israeli people anymore. doesn't that empower the maniacs who are taking to the floor and protesting like this against israel, saying these horrific things? don't commentary like that from the head of the senate, a jewish
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person himself, chuck schumer, doesn't that empower this stuff? >> you're absolutely right. they only want to create daylight between the united states and israel and joe biden, every time he opens his mouth and talks about criticizes benjamin netanyahu or criticizes the actions of israel, look, at the end of the day, israel is doing our work for us. israel is risking the lives of their troops to the save u.s. citizens along with their people in gaza. i think that it's high time that biden stop criticizing, that we start supporting an ally that's been loyal to us since the beginning. maria: well let me ask you about the money going to israel now. the senate is expected to take up and pass the $95 billion foreign aid package as early as today. we're expecting the president to sign this into law this week. it includes money for ukraine, aid for ukraine, israel, gaza and indo-pacific region. you voted no on the $60 billion ukraine aid bill. it passed the house over the
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weekend. why did you vote no? >> maria, i think we missed a really big opportunity and that is we can go through all the question marks about the ukraine aid and whether it's being put in the right place, whether this is a war we ought to be involved in all together, but put that aside. this is the very thing that the biden administration wanted. it's the very thing that chuck schumer wanted. they wanted it more than anything. and i want more than anything to secure the border. my district, my constituents want more than anything to secure the border. maria: i understand. >> i think we missed a tremendous opportunity. maria: is that it? you gave away your leverage now. you have no leverage for the other side. you have no leverage to do anything on the border. we might as well expect nothing happens on the border until next year, right? >> you might as well. yeah. and any actions that are taken really sadly are just show boating. and that's why it's just
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disappointing to me that we gave up this opportunity. maria: i want to get your take on this $9 billion that apparently is going to gaza. i just spoke with general jack keane about this and he said absolutely this money is going to our humanitarian efforts. however, two members of the senate said otherwise to me in the last couple days. watch this. >> we know if money goes into gaza it's going to hamas. there's still holding american hostages and american bodies, hamas is. i'm going to look at the bill. i'm going to see if we can separate it, see if i can get my amendment on the bills. >> under no circumstances would i vote for the bill as passed by the house of representatives yesterday. this is a really good deal for ukraine and s zelenskyy, a realy good deal for hamas which stands to receive up to $9 billion of this $95 billion aid package. maria: i mean, what? what? 9 billion going to hamas.
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how do you ensure that that money that is earmarked towards gaza is not stopped in its tracks by hamas terrorists? >> yeah, insanity is doing the same thing over and a over again and a expecting a different result. over and over again we have seen hamas has taken the money or that any money that goes to aid in palestine ends up in the hands of hamas no matter how you try to skin the cat it always ends up in the hands of the terrorists who have no respect or are willing to do anything to protect their citizens. they're using them as human shields. maria: so once this bill passes in the senate which we are expecting that to happen, are you all pretty much done in terms of legislative action, congressman, until the november elections? what are your other priorities once this gets finished in the senate? >> you got other bills that are considered must pass bills. you've got the farm bill, i
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think we still have not completed the faa reauthorization. so there's -- i think those are probably the only two bills that need to get done. the rest of it sadly is going to be to show boat. maria: yeah. >> in my opinion. maria: congressman, it's great to talk with you this morning. thanks very much for walking us through why you were a no vote on the ukraine aid. we appreciate your time this morning. thank you so much, congressman. >> any time. maria: eric burleson joining us. quick break and then president trump's so-called hush money trial reddy to see the first day of arguments today. mark smith is here on what we should expect later this morning. you're watching "mornings with maria" live on fox business. stay with us. ♪
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maria: welcome back a. a mistrial declared for an arizona rancher you accused of murdering an illegal immigrant his property. gerri willis with the details. >> jurors could not reach a verdict. he was charged with second degree murder for the killing of a mexican national who illegally crossed the border and made it onto his ranch. kelly pled not guilty to the killing, main a containing he only fired warning shots with people on the property. and fashion retailer express filing for chapter 11 bankruptcy, announcing plans to close more than 100 stores beginning to dap.
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today.the ceo calling this an important step that will strengthen the company's financial initiative. 99-cents only announced it would shutter all 371 locations. and last month crafts retailer joanne filed for chapter 11 bankruptcy. it's a trend. anti-israeli protester harassing actor alec baldwin at a coffee shop in new york city, demanding he say free palestine on camera. watch what happens. >> one time, just one time, please. and i'll leave you alone. free palestine. [bleep] israel. [bleep] zionism. please say it, one time. >> she refused to leave when asked by employees, shouting at the actor, asking why did you
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kill that lady, referring to the involuntary m manslaughter chare against the death of a cinemaing cinecinematographer. a lot going on out there in the streets of new york city, maria. back to you. maria: that was hard to watch. that alec baldwin thing. wow. gerri, thank you. maria: today, new york judge will hear arguments on whether former president trump violated a gag a order in the so called hush money trial. opening arguments happened yesterday. trump's legal team maintains his innocence, as the prosecutor yoa ffoformer biden doj official. they ruled alvin bragg can bring up other cases against trump in cross examination if the former
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president decides to testify in his on he defense. here's what trump had to say about it yesterday. watch. >> this is a biden witch hunt to keep me off the campaign trail. so far it's not working. my poll numbers are higher than they've ever been. i should be a lot of different places right now campaigning but i'm sitting here. this will go on for a long time. it is unfair. maria: it's true, joe biden is on the campaign trail and donald trump is in a courtroom. joining me now, mark smith, constitutional attorney, and supreme court bar member many thank you for being here. er your reaction. >> i think overall yesterday was a pretty good day for donald trump in certain respects. if you look at the opening statement which is not argumentation, but if you look at the opening statement, he makes it clear to the jury that this is really about bookkeeping practices and the notion that donald trump was somehow micro managing bookkeeping practices
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occurring at trump tower while he was in the white house is an absurd proposition. to me, as you know manhattan quite well, this jury has some pretty sophisticated people on it according to their credentials, you have lawyers, bank pers, an engineer. the reason why that's important, the white collar professionals in manhattan are familiar with things like nondisclosure agreements, confidentiality agreements, settlements. the fact that donald trump entered into a routine contract in new york city is the sort of thing that will probably cause the jurors to say is there anything wrong with this, because my company does this every day. maria: what about the fact that the guy leading the prosecution against donald trump used to be the number three person in biden's doj. he was the y assistant ag in biden's department of justice until he left and became an official in alvin bragg's office. i mean, right there, isn't that a massive conflict? >> well, i think it's totally
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consistent, maria, with this ongoing lawf are against president trump. my fear is this is going to become russia gate 2.0. what i moon by that, donald trump will be find gil he at guilty by serious of erroneous decisions by the judge and the jury instructions may mean the jury has no choice to convict because of the jury instructions. the appeal will take place in 2025. it will be too late for donald trump. the damage will have been done to his campaign because they'll be able to say on the campaign trail he's a convicted felon. that's my fear, that's where it goes, this becomes russia gate 2.0 and it's too late for donald trump to defend himself before the election if there's a conviction. maria: there's another reason this is russia 2.0. is the this is what hillary clinton did. let's not forget the fact that
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the former democrat presidential nominee, hillary clinton, her campaign funded the steele dossier and that steele dossier was used to investigate her political opponent, donald trump and it was all a lie. it was made up. she had no accountability for that and now they mangle this whole thing against trump and it's the same thing. they're saying that he did it be she really did it. >> yeah, that's a great point, maria. if you think about it, the experts in federal campaign laws, campaign finance laws is the department of justice, the federal election commission, they look specifically at bookkeeping records of donald trump and they thought there was no there there and what you have here with alvin bragg, this i think is often lost on people, manhattan is a county. this is a county district attorney. there are thousands of counties they the united states. the fact you have a single district attorney in one county in this country is really holding up president trump from being able to campaign for the
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next four to six weeks and heaven forbid that this jury gets hung which means they will retry the case over the summer and now donald trump will have to spend another four to six weeks in a courtroom in manhattan in the summer of 2024 before the election. it's just shocking. again, this is a county prosecutor going after the primary candidate for the president of the united states, it's a shocking example of law fare in my opinion. maria: another shocking example of it -- by the way, the clintons said the steele dossier was a legal expense. there you go. it's exactly the same thing. the other shocking thing about this whole thing was the other day when we had to actually think about and digest letitia james' claim that putting $175 million cash bond was actually wrong and could not be used. now, this was a victory that president trump had, $175 million bond in the civil fraud case was upheld yesterday after a his team agreed to new conditions set by the ag's office. letitia james went after the
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insurance company's credibility for posting the bond. i mean, it's equally shocking here. here's what trump said about that. watch. >> the cash we put up, all cash, very few people can do that and the deal was approved with the attorney general. she just tried to embarrass everybody and she tried to embarrass a very good bonding company by saying they weren't credit-worthy. maria: mark, your reaction? >> well, what's really shocking here, and maria, you covered some of the largest financial fraud cases in american history, right and what's not here, what's not here is a line of victims with their hand out, asking for money back from an alleged fraud so the fact that letitia james is concerned about collecting this money for literally nobody because there are no crime victims associated with the trump fraud trial, goes to show it's not about justice, not about making anybody whole that was punished or damaged by
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virtue of fraud, this is all about punishing one man, donald trump. and of course what's also ironic, keep in mind that letitia james' argument was that she didn't want donald trump or the trump organization to do business in new york with new yorkers so now she's complaining they went out and got a denver, california based company to post the bond and she's complaining the company doesn't interest enough relations with new york to be able to post the bond. she said trump should not be able to do business with people in new york. how ironic is that. maria: regular people see through all of this. they understand this is all politics. they see that there is a serious two tiered system of justice, two different applications of the law. we'll see what happens on thursday. the supreme court will hear arguments on trump's presidential immunity case. that to determine whether he is in fact immune from prosecution from special council jack smith's election interference investigation. trump posted this on truth social. if they take away my presidential immunity they take
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away crooked joe biden's presidental immunity. how do you think this plays out. >> there's a legal nuclear bomb in this case for the supreme court, that is whether or not jack smith the special prosecutor ha has authority to bring the indictment or the indictment in florida. specifically, under the constitution, if you are what's known as a superior officer of the united states, you have to be appointed to that position by the president of the united states and you have to be confirmed by the united states senate. jack smith is functioning as if he's the attorney general of the united states but he's never been appointed by any president for any job and confirmed by the senate for any job. watch for the argument about whether or not jack smith has the authority to indict president trump. as to the immunity question, presidents have immunity for a reason. we have a separation of pours here. you don't want article 3 courts under the constitution overseeing the behavior of the president article 2 presidency here and there is a real concern by the u.s. supreme court i sus
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be expect to make sure the lines between the different branches of government are not violated in such a way that that violate separation of powers. that will be the big decision on thursday. maria: do you think we'll get the decision on thursday. >> i think they'll issue you the decision on presidential immunity by the end of june. maria: thank you, sir. quick break and then how much are you willing to pay for a cup of joe. jeff flock is live from a coffee shop in philadelphia this morning with more on that. jeff. >> reporter: unlimited, maria. that's what you're willing to pay. yeah, i'll tell you, coffee, i got my eyes opened this morning. can you smell that? look at the beans there. yeah. we're willing to go crazy for coffee. back in a moment with all the details. stand by. ♪
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maria: this week on "mornings with maria," tomorrow, will commercial real estate bounce back any time soon? industry titan steve witkoff will join me. thursday, super bowl winning coach brian billet spotlights the players to watch in 2024 nfl draft. friday, rnc chairman michael whatley on why swing state voters are turning ayou way from president biden and toward president trump. it's all right here on "mornings with maria" "
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her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. (aidyl) hi, i'm aidyl, and i lost 90 pounds on golo. i struggled with weight loss and weight gain my entire life. with all the yo-yo dieting i did in the past,
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i would lose 20, 30, 50 pounds just to gain them over and over again. in one year, i've lost five sizes, and i'm on my way to lose another three. with golo, i can do it. (announcer) change your life at golo.com. that's golo.com. maria: welcome back. time for the morning buzz. higher prices, not keeping consumers from shelling out big bucks for their caffeine fix as coffee consumption in the u.s. is at a record high. fox business' jeff flock is at a pilgrim roasters coffee shop in philadelphia this morning with more. good morning, jeff. >> reporter: so many -- good morning, maria -- of the local businesses that are thriving when it comes to coffee and people appreciate coffee these days in ways maybe they didn't before. you can get it are from costa rica, colombia, kenya, el
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salvador, it's amazing. what am i looking at at there? is they a cappuccino. that's a cappuccino with a lovely -- i don't know how they do that. these people are artists. take a look at the numbers, maria. national coffee association did a survey asked folks have you drank coffee in the past 24 hours. well, in 2004 when they did that it was less than half the folks. now it's about 67%. ryan conley runs the roaster here. what are you doing there by the way. >> i am packaging coffee to sell and distribute to other places that want to drink coffee. >> reporter: you look at the numbers in terms of costs. they do specialty kind of coffee here. they actually hook up with farms around the world and it's wine or beer got nothing on you guys, the sophistication of the
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palate. take a look at regular coffee, coffee futures have gone through the roof, almost double in cost in some cases. but people are willing to spend it. >> yeah. yeah. i mean, in terms of customers we engage with, coffee we engage with, we're not really buying close to coffee futures, commodity coffee prices. but i mean, at the end of the day we see customers -- as long as we're transparent, we're willing to communicate what's happening on price, people are willing to pay for the thing they're looking for. >> reporter: got you. i love the smell that's coming out of this. yeah. i didn't know coffee is a fruit. >> yes, yes, so coffee is actually the pit of a cherry and we buy this pit after it's been processed, dried, put in these big bags here and then we roast it. we package it up and we sell it to consumers, to other businesses, that's the process. >> reporter: i leave you with this, maria.
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starbucks, we have to mention starbucks, i he's suppose. i tell you, people love to support the local businesses. the most expensive starbucks, you want to know what a cup of coffee costs these days, vermont, $5.73. it's probably more in new york city. as a state, that's the post expensive starbucks in the country. maria: $5 for a cup of coffee. he that's amazing. >> reporter: i'm going to drink real coffee this morning, this stuff, right here. there you go. it's like oil. maria: i've got mine right here. cheers to you, jeff. thank you, jeff flock. appreciate it. so mark, your reaction. $5 for a cup of coffee and it's much more expensive than that in other places. >> you know what's really impressive is that coffee consumption's going up which turns out it's actually a good thing because there was a study that came out a few days ago that said that living a sedentary lifestyle and a lack of drinking coffee increases your risk of early death so
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obviously, look, there's health benefits to coffee, there's anti-oxidant properties, stuff like that which is great. however, i think what you really need to pay attention to is which kind of coffee you're buying right now. t lattes, popularity growing there. cocoa prices are up 160% year-to-date. maria: that's right. and by the way, i was reading this story in the new york post that there's an anti-aging guru, brian johnson, he says the unique ingredients he uses every day he takes to it help him on his quest to live forever is cocoa krysia. >> well, there are a lot of benefits. it's anti-cardiovascular disease, i mean, this is a subject that's so close to my heart because i need my coffee first thing in the morning but i'm looking at it from a psychological perspective. why people are drinking so much coffee. i think a lot of it has to do with the fact that they're exhausted, they're maybe having multiple jobs and also there's a
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lot of chaos in this world and coffee is something that we can have consistently especially with joe biden at the helm, it's something that we can rely on when we can't rely on anything else really. maria: well, we'll see. thank you so much for that. quick break and then how president biden's border crisis is impacting denver residents, you'll never believe what some in colorado have of say about this. it's the hot topic of the hour. you're watching "mornings with maria" live on fox business. stay with us. ♪
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(marci) so, how long have you lived here? and how are the restaurants around here? are they good, bad, meh? (luke) marci, we've gotta go. (marci) i'm sorry. (luke) we've got seventeen thousand more parks to visit. [marci screams] (luke) we bring you the best neighborhood info. (marci) ding dong (luke) homes-dot-com.
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earn unlimited 1.5% cash back on every purchase with the chase ink business unlimited card from chase for business. good tuesday morning. thanks for joining us i hope you are having a good tuesday morning. i am maria bartiromo. tize april 23 before 8:00 a.m. on the east coast time for hot topic of the hour groups in denver he slamming s asylum seekers program saying insufficient a slap in the face the program

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