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♪ ♪ maria: welcome back. good thursday morning, everybody. thanks very much for joining us this morning. i'm maria bartiromo, and i hope you're having a good thursday morning, april 25th. 8 a.m. on button on the east coast. president biden will be in syracuse, new york, today to tout the science and chips act after making conflicting statements about the future of taxes if he sees a re-election. fox news' white house or correspondent peter doocy live in d.c. with the latest. good morning, peter. >> reporter: and this is the second time in a row president biden is running on this promise not to raise taxes on anybody making less than $400,000 perrer year, but the problem is t it's not true because according to the tax foundation, if president

biden follows through the on to his promise to get rid of the tax cuts and jobs about at the end of next year, minute making $75,000 a year is going to pay about $1700 every year in taxes. that had previously expire expired or been reduced, that is despite president biden's assertions that the trump tax cuts only ever benefited the wealthy. >> we all have have people like trump who look down on us, don't we? we all know smfnlt well, folks, where i come from, it matters. when i look at the economy, i don't see is it through the eyes of mar-a-lago, i see it through the eyes of january,ton and working people like all of you. >> reporter: president biden is off to upstate new york in a couple hours to talk about the $6.1 billion taxpayer dollars that he wants to commit to micron to build semiconductors in clay, new york, and boise e, coo, at -- idaho at new

factories there. syracuse, one of the biggest college towns in america. he's then going to go on to new york city for some campaign events and interviews. but we expect him to fully bypass if any and all talk about this campus craziness over the last couple days. maria? martha: well, peter -- maria: peter, you've got president biden doing all the campaigning in the swing states and the split screen of president trump in a new york courtroom. trump used the opportunity this morning before he has to be there at 9:00 to actually turn the street into a little campaign rally, and he got a lot of applause prosecute people there. they were chanting four more years and we want trump. >> reporter: yes. and and we've never seen anybody have to campaign, basically, from a courtroom. we've also never seen anybody at this point many a campaign cycle having an event at 6:20 in the morning on a weekday at all. [laughter] but he's got to go find crowds where he can, and who else is up at 6:20? if they did a savvy thing the by finding a big group of people that could meet with him and

that he could be with and take photos like it was anywhere else, like he were in scranton at a factory somewhere. maria: yeah, exactly. >> reporter: they're having to pick their spots, and it might be a couple things happening super early. maria: well, so maybe the other side wasn't expecting that, right? peter doocy, thank you so much, at the white house this morning. we'll be watching your work, obviously, peter. thank you. you know, they tried to keep him in a courtroom,. >> shut him up while joe biden was on the campaign trail, and can he's finding ways to speak to the people, lee. >> he really is. and i think there's some really interesting data out there. 85 a % of trump supporters believe that he's fighting for the working class, and joe biden's supporters, only about 68% saying the same thing. as much as joe biden's saying i'm scranton joe, i have this, people aren't necessarily seeing it that way. he is review -- he is viewed as part of the elite. and it's really interesting to see how donald trump is using every moment that he's got to

demonstrate that to the american people. and it's carrying through. maria: uh-huh. they were all, you know, giving him their hats, and he's signing, make america great hats. jonathan. >> yeah, exactly. and it is funny, joe biden, you know, watching that speech, it doesn't seem authentic in the least. he's reading whatever staff provided for him. but joe biden's policies have been, you know, he's talked about tax cuts. joe bidens' inflation has cost the american people so much money, so that's a tax on everyone. and especially hard on the working class. and the other part of it is, you know, talking about who did better, you know, the working class are better off under, were better off under trump than under biden. if you look at this illegal immigration can, that's also a tax on the american people because these are tremendous resources. these are reduced wages and reduced access to opportunities for people that are american citizens. so all of these things that a they enacted, policies, hurt the working class. and they pay lip service to the

working class, but the democratic party abandoned the working class years ago. >> he's doing absolutely nothing to grow the economy from the bottom with up and the middle out which is that's what he claims to be doing. lower income and middle class people are struggling. obviously, inflation has just eaten away at hair paychecks. their all -- most of them, maybe not all, but a lot of them are working multiple jobs just so they can make ends meet. so the economy is in a much, much worse place today than it was while president trump was in office. and i think voters, assuming they are concerned about the economy which they should be, i think that hopefully will show. >> up in november. maria: all right. we are just getting started this hour. when we come back, fox news contributor, secretary mike pompeo is here. he'll talk about annie blinken's trip to -- antony blinken trees trip to china and more. you're watching "mornings with maria" live on fox business. ♪ ooh a, baby, do you know what

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maria: welcome back. secretary of state antony blinken calling on china to provide a level playing field for american business. he met with the communist e party secretary of shanghai earlier this morning. he now travels to beijing are where he will meet with senior officials including china's foreign minister tomorrow. not clear if he'll be meeting with xi jinping, but he is expected to bring up the fentanyl crisis e to officials. joining me right now is the 70th secretary of state of america and fox news contributor, secretary mike pompeo. mr. secretary, thanks so much for being here this morning. >> maria, it's great to be with you this morning as well. maria: well, here we are, another trip of cabinet members to china. what are they getting out of all of these meetings? it feels like the u.s. is begging china for some communication. what is your assessment of what

blinken is sayen on -- saying on the ground if china? >> this is talk for the sake of talk, and frankly, i think the biden administrations is hoping they can get through the handle of months without something exploding in asia. i think secretary blinken's going there today to, i mean, if he talks about fentanyl or fair business treatment, three and a half years of biden administration, nothing has been done to actually achieve that. there's been no action that has imposed costs on the chinese communist e party to give even a remote chance to lip service achieving anything on behalf of the american people. i think this is talk for the sake of talk. i think he's really sending a message, hey, happening on. we're going to have an election in no, and then we'll come back at this, and we'll have four more years of the chinese communist party running largely unchecked throughout the pacific and throughout asia. maria: totally unchecked on his watch, that 's for sure. surveillance balloon, a covid cover-up, intellectual property

theft, fentanyl flowing into america. even the tiktok stance from the administration is not believe,, because the biden-harris re-election campaign says they will stay on tiktok even after joe biden signed legislation yesterday to force chinese parent company bytedance to sell the social media app or face a u.s. ban. tiktok is vowing to challenge the law in court, the legislation part of the $95 billion foreign aid package that did include $8 billion for the indo pacific region. your thoughts on the tiktok dilemma here, secretary, as this administration claims it's being tough the on china. t t staying on tiktok and doing videos ahead of the election. >> it's really quite something, maria, that you say that there's a tool of chinese prop if began da being foisted on the -- propaganda being foisted on the american children, and then you go on the social media account and try to draw people to that very chinese prop if began da machine. it's hypocritical. if president biden actually believes this is a risk to the united states of america, it makes absolutely no sense but,

frankly, it's consistent with the biden administration's national security policy. s it is the very little bark and zero bite. maria: yeah. >> and that's the kind of thing i think our add very cares are see -- adversaries can see, and that's the reason will be we're so examed -- challenged today. we shouldn't forget we have chinese communist members infiltrating our southern border, and we have no idea who and where they are. and this is truly dangerous. some day, maria, we will all look on these four years of the biden administration's border policy, and we will regret it more than we can even imagine today. maria: yeah, i can imagine because, you know, christopher wray keeps telling us host worried about a terrorist attack on u.s. soil because of some of the people who we have no idea what their intentions are. the chinese nationals, it feels like xi jinping is creating a little mini if army with 25,000 just since october on top of another 25,000 the year earlier. i want to get back to this $95 billion foreign aid package.

i know that you were supportive of sending aid to ukraine, supportive of sending aid to israel. but part of that package, $can 9 billion -- $9 billion, to gaza, is being criticized by some. here is my interview, a portion of it, with senators mike lee and rick scott. watch thisment -- this. >> we know if money goes into gaza, it's going to hamas. they're still holding american hostages and american bodies, hamas is. so i'm going to look at the bill, i'm going to see if we can separate pit, i'm going to see if i can get my amendment on the bill. >> under no circumstances could i, would i vote for the bill as a passed by the house of representatives yesterday. this is a really good deal for ukraine and zelenskyy. it's a really good deal for hamas if which stands to receive up to $9 billion of this $95 billion aid a package. maria: now, are yesterday i spoke with jerusalem jack keane. he said, no, no, no, we're not

going to see the money go to hamas, but we're not sure. will hamas get in the way of that money that's supposed to go to gaza a? >> well, maria, sign me up for being skeptical of the biden administration's capacity to deny hamas resources or, for that matter, the iranian regime resources. we've seen them give billions and billions of dollars to the iranians, and we got october 7th as a result of that absolute refusal to impose costs on tehran and the islamic republic of iran. so i'm worried about that too. net, i think this was important. i think it's absolutely critical that we win in europe. it's important that we and the israelis win in the middle east, and your point about the money that went to the the asian region as part of that bill as well, i think that's good. sign me up in support of that, but it's not enough. of last thought, maria. the funds that will go to support the european if war effort, to push back against putin's aa depression have to be used on tools that will actually perm them to win. it cannot be the case that two

months, six months, a year if from now we've said you can have these weapon, but you can't use them to actually impose costs on russia? that's a loser's game, and we should never play that in america. maria: we're also wondering about joe biden's so-called ironclad support for israel. just a couple of weeks after he basically condemned benjamin net ab ya hue in public sight trying to get him to do a ceasefire even though we haven't heard a peep out of the other side about these hostages that we pray are still alive, i know you were recently in israel, secretary. s israel try prime minister netanyahu is slamming the anti-israel protests happening across the up country on college campuses. watch this. >> what's happening on america's college campuses is horrific. anti-semitic mobs have taken over leading universities. the response of several university presidents was shakeful -- can shameful. now fortunately, state, local, federal officials, many of them

have responded differently, but there has to be more. more has to be done. it has to be done not only because they attack israel, that's bad enough. it's also when you listen to them, it's also because they say not only death to israel, death to the jews, but death to america. maria: and what has the biden administration done about this? nothing. i mean, they're saying that, you know, we support israel and in the same sentence they're making it clear that they don't support netanyahu and israeli minister also said this, quote: the u.s. is not projecting strength under biden's leadership and is harming israel and other countries. if i were an american citizen with the right to vote, i would vote for trump and republicans. secretary, your thoughts. >> maria, you laid out a pretty strong case. you began by describing president biden as anything but ironclad support of israel. there could be no truer sentiment. yesterday his assistant the secretary, barbara lee, assistant secretary for the

middle east, gave some remarks about the middle east and mentioned neither hamas nor the hostage, nor the fact that american lives were lost there. they have grabbed the wrong end of the stick in the middle east. contrast three and a half years ago a where we built up the abraham accords, had a movement towards more stability and peace, and today the middle east is aflame. we should not forget for one moment hezbollah still rules in lebanon, hamas is still deeply in control in gaza until we permit the israelis to conduct the attacks they need to conduct. the houthis are continuing to threaten shipping and international transit through the red sea which impacts america an awful lot. no, the iranian regime still is on its front foot, and the biden administration refuses to acknowledge that or do anything to help israel to prevent that from continuing. maria: why not? i don't understand this. the college campuses and this anti-semitism raging across america is incredibly serious, and they're not comment on it. >> president biden is placating

the furthest left, furtherrest progressive, most pro-hamas element are of the democrat party in an effort to win votes in november. i can see, literally, i hate to be that cynical, maria, but i see no other explanation for it. what's happening on these campuses, i saw speaker johnson up in new york yesterday. his remarks were with pitch perfect. these are mobs, these are thugs. they are threatening minority if students there, jewish students on those campuses. it's time for president biden to deny them federal funding, not to relieve student loans for any of these people. if they're here on student visa ises, we should kick them out. these are simple tasks including providing security that the federal government has the capacity to provide, and it should have done it weeks ago. maria: wow. secretary, it's great to have you this morning. thanks are very much. >> maria, have a great day. maria: and to you. quick break, and then the first read of first quarter gdp's out, we will have the numbers live as they cross and check markets reaction.

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maria: welcome back. we are standing by by the for the first read of first quarter gdp five minutes away. markets are down going into this number, the dow now down 238 points, that's two-thirds of 1%. the nasdaq is down 197, better than 1% partly on a big selloff in method that -- meta this morning after the company had weak guidance on revenue for the rest of the year. enter rates continue at elevated levels. up 2 basis points on the 10-year sitting at 4.66% going into the number. on the gdp number, economists are expecting annual growth of 2.4% ahead of the federal reserve's preferred read on inflation which comes out on friday, the pce index out

tomorrow. joining me now is macro mavens' e stephanie pomboy. you've been expecting rough waters for this market and an uneven economy. that's certainly how the second quarter with has begun. your assessment of where we are on markets and the economy today the ahead of this gdp number coming out. >> well, thanks for having me, maria. i guess my assessment is that we continue to see a broad deceleration in economic activity, and the markets are finally, it e seems like, starting to acknowledge that the nuts aren't quite as great -- fundamentals aren't quite as great as they anticipated. at the same time, it doesn't look like liquidity is going to quaff set that in the form of this -- offset that in the form of this fed pivot. so i think my sense as we've talked about for so long is that the market markets have been massively overvalued. risk has been mispriced and they weren't reflecting the reality on the ground. and i, you know, i don't know if

what we're seeing now is the beginning of some resolution of that disconnect, but eventually those two things should are solve, and i doubt it's going to resolve by the fundamentals certing -- can accelerating. i would think it will resolve by risk assets being repriced to reflect for the present reality. maria: what did you make of jim grant join me back in march saying, look, the fed might raise rates, who knows in but the cuts are likely off the table? here's the editor and founder of grant's interest rate observer back here on the set in march. watch this. you're not expecting a cut in rates anytime soon. >> no. they -- well, they might decide that 3-ish is fine. maria: 3% inflation. >> yes. there's concern over inflation. and the focus on financial stability as they would define it. if so, but however, i think there's also a chance, maria, this years that the fed raises if they are confronted with an

accelerating rate of inflation. they might feel they have no choice. and who's to say that the 3.2% thing couldn't go up? we have an $80 oil price, no longer 70. maria: what do you think, stephanie, in terms of the fed? if. >> well, i share his concern about a, you know, accelerating inflation if especially led by higher energy prices. however, i really doubt that the fed would raise rates particularly in an election year. so i think that the bar is very higher for them to raise rates here. but i, again, you know, i don't think that they're going to get much more progress on inflation. quite the contrary. we've seen over the the last two months the cpi is running at a 4.8% annual rate. i mean, that's way with outside of their target. i know that's not the measure they normally look at a, but, you know, the broad measures of inflation are clearly tart thing to firm up again. start -- starting to firm up

again. my sense is the fed is pretty much on hold for the time being, and if they end up doing anything trying to support markets, it would be through the balance sheet because they just don't have the ability to cut rates with these inflation numbers starting the move higher again. so i think they'll do some back or door stimulus through expanding the balance sheet again just like they did around the svb regional bank crisis last spring. maria: that makes a lot of sense. stephanie, what do you think it is that's keeping inflation elevated? if oil pieces, obviously, are underpinning a big part of this. oil is up, in the '80 range. -- 80 range, and that's off of the highs of the year. we're sitting at a $83.26 on crude oil this morning. but i was expecting rent to come down. that hasn't either. so where do you think the big issues are with inflation right to now? >> yeah, the housing thing is a little bit tricky right now because of the fact that

everyone's kind of in a stand still given the level of mortgage rates. so that's created kind of a different dynamic, and it's not allowing for sort of the natural supply-demand factors to work the way you would expect. so i think that if i'm correct and the fed does start to expand its balance sheet again, it might take some of the pressure if off of mortgage rates and get the wheels turning again which i happen to think per seriously would actually lead -- perversely would lead to lower housing prices because there's a tremendous am of inventory being built up that could suddenly be absorbed. we did see that huge increase in new home sales, so that's sort of reflective of that. but i really think the main driver right now is the energy price story. maria: yeah. >> and i think we'll see that reflected, again, in this morning's report where to the extent consumers have had relief, it's billion on food and

energy, and that's starting to move back up the other way. i think that's the real story. maria: okay. we are waiting on jobless claims as well as on the gdp. lauren has the numbers right now. >> first look at paris quarter gdp. the annual rate, 1.6% between january and march. the expectation was 2.4 percent. this is a much lower than anticipated number. as a refresher, the final three months of last year growth was 3.4 percent. so we're going from 3.4% all the way down to 1.6. the consumer is slowing down. inflation remains high. the atlanta fed if as of now has their gdp number at 2.7th. there the you have it, 1.6%, first look at first quarter gdp, maria. maria: yeah. that is a big drop from the fourth quarter. lauren, thank you. we've got a market that is worsening, the dow industrials now down 338 points. we've dropped about 100 points in a few seconds here.

the nasdaq is down 231. stephanie, weaker than expected numbers for the gdp. your reaction. >> well, two things. one, lauren's correct, you know, not only are we slowing from the fourth quarter, but we were at 4.9 in the third quarter. so this continues, this broad deceleration in the economy. and a big part of that, maria, not surprisingly has been the reduction in the government's contribution the gdp. of that 4.9 in the third quarter, 1 percentage point was government. in the third quarter, .8% was government. and ther if cast for this number was that government would only be .4, so maybe that's part of the story. the orr thing that i think is crucial and people may not be aware is that retail sales, you know, the consumer's the engine of our economy, and discretionary spending has been slowing in real terms, and so real retail sales were actually down half a percent in the first quarter and maybe that's dragging down the pce number. i haven't seen what that number

was in this report, but, you know, that would be totally in line with the work that've done and what i'm seeing in the data. maria: yeah. i mean, today's number at 1.6% is clearly a big dropoff 3r what you're talking about in terms of the third quarter being 4.9%. tiffany, are you expecting -- stephanie, are you expecting that the federal reserve sees this and makes a change or gives us different language next week at the fomc meeting? if. >> well, again, i mean, i think heir caught between a rock and a hard place because of this firming in the inflation if story. so it's really, this is so reminiscent, i hate to use the word, of the stagflation dilemma where you've got slowing growth and rising inflation, and that really is a predicament for the fed especially as a our interest costs spiral if out of control on this massive federal deficit that the we're running. so that's why i keep coming back to the balance sheet. i mean, it's a way for them to

neatly contain the backup in interest rates without overtly appearing to fan the flames of inflation, although in reality it has the same effect, you know, in terms of reexpanding the balance sheet. so i don't know that it will change their language so much. again, we'll have to look through the details here. but we've been seeing a clear deceleration on the part of the consumer for quite a while. and as a you know, maria, and you talk about this all the time, in terms of what the consumer's spending on, it's all a nondiscretionary stuff, you know? 70% of consumer spending has been made up by three category, housing, health care can and public transportation which i'm sure you can appreciate being in the new york metropolitan the area where they keep raising tolls and everything. maria: oh, yeah. >> astronomic levels. more more yep. add to it the congestion pricing. tiffany, great to talk with you. -- stephanie, thanks so much.

stephanie pomboy. we've got a market that is selling off a here, down 380 on the dow industrialses, and we'll be right back. ♪ ♪ if

maria: welcome back. president biden is set to tout billions of taxpayer dollars on my escrow chips today as he still claims bidenomics is working for americans. fox business' lydia hu is in syracuse this morning where the president is traveling. lydia. >> reporter: good morning there, maria. we're talking about the an announcement of $6.1 billion of taxpayer money or federal grants that biden is going to announce are being rewarded or awarded the micron technologies, a massive semiconductor chip maker.

that money will-help build two semiconductor plants, one here in clay, new york, the other is in boise, idaho. biden's visit here comes as recent fox news polling shows that 61 of voters -- 61% of voters december approve of biden's handling of the economy. so we can expect president biden to tout that micron will invest up to $100 billion here, they'll create 9,000 jobs ask and produce advanced semiconductor chips that would be used in everything from if televisions to cars. but the those taxpayer dollars, the $6.1 billion, that a comes from the chips and science act. the goal there is to protect the u.s. economy and national security from chip shortages that we saw during the pandemic. but, maria, semiconductor chips have become a major source of growing tension between washington and beijing ever since the biden administration cut china off from america's most advanced semiconductor chips over national security concerns. chinese officials have warned of an escalating trade war even as

a biden promises more tariffs on china. biden's trip also comes as a anti-israel protests continue on college campuses, but biden has no plans to visit columbia university or nyu today even as he plans to wrap up his visit to new york in nearby westchester with a star-studded and very expensive fund raising dinner tonight. mean if while, there is a protest planned here in syracuse, new york, by the democratic socialists of america. they say on instagram that, quote, genocide joe is not welcome in syracuse. they're demanding a permanent ceasefire in gaza. they also want an end to funding for israel just one day after president biden signed that foreign aid bill sending aid e to israel, ukraine and taiwan. so we're watching for all of that, a maria. back to you. maria: thanks very much, lydia hu, this morning in syracuse, new york. mean while, investment management firm says fears of a

ravaged commercial real estate market are now easing despite delinquency rates jumping to of 6.5% by the end of 2023. joining me now is the people's -- peebles' corporation chairman and founder don peebles. don, thanks very much for being here. what are you thinking these days about commercial real estate? we've been worried about these loans coming due and perhaps a problem specifically on commercial real estate. >> well, the worst is ahead of us. i mean, i think that a interest rates are are not going to drop as quickly as people anticipated. if people are not coming back to work, and many of these buildings, the vast majority of these office buildings in cities like new york, san francisco, los angeles and other major markets are insolvent. and if so we will see those properties increasingly go back to their lenders which will be local and regional banks because 82% of those loans are held by local and regional a banks. and i think that will bring

considerable stress into those sectors in terms of banking. and also it's drying up capital for entrepreneurs and small businesses. maria: well, this is a big issue as well. mark tepper, jump in here, because this is something you've been expecting for some time. >> yeah. but you know what? i heard recently and, don, i would love to get your take on this, that when you look at commercial real estate even office space e in particular, it seems like right now the banks and the borrowers are actually playing nice in the sandbox, and they are negotiating extensions to mortgages rather than forcing the borrowers to refinance the whole mortgage at high era rates. dawning that's what's helping -- do you think that's what's helping out some of these office buildings in. >> welsh it's not helping the buildings, i think it's delaying the day of execution. but if you look a the smart investors, the backstones, the brook bills, they are giving properties back to their lenders because they've given up on them. you have one of the largest ones in the office building sector,

savannah, writing down their office funds equity to zero. so the end of the day, smart investors are going to move on and look for opportunities. the other ones are going to hang around for a while because the lender don't want these properties back. but the solution is not going to be that these buildings come back because the way people are working now has fundamentally changed and where they're working and in what places they're working. it's also fundamentally changed. maria: yeah. well, that's a very good point because that shows you this could actually be a are long-term thing given that people are changed the way they approach their work. you look at a place like san francisco, once considered the crown jewel of the west coast now facing a collapsing reality market. i spoke with jamie dimon back in january, and he said the bay area is in far worse shape than new york city right now. watch this. >> i think every city, like every country, should be thinking about what is it that makes it an attractive city.

it's parks, it's art, it's definitely safety, you know in it's jobs, it's job creation, it's the ability to have affordable housing. any e city who doesn't do a good job, it will lose its population. hopefully, san francisco can look at these things and fix some of them, ask they're going to need help. this is what you need government and business collaborating. government's got to listen to business. maria: jamie, what about new york. is it the same issue in missouri? >> if governments and business in collaboration work together like we did in detroit across affordable housing, education, job creation, outreach to communities, you can build a great society. and so, you know, new york is doing that. maria: don, part of the issue this time around is this new border element of it. we've got an open border. people are worried about safety. we've got lots of new residents. we've got some questions about who they are and what their intentions are as well, and that's the issue.

we've had hundreds of people on the terrorist watch list apprehended at the border. >> yeah. i mean, new york has a very challenging situation. thank god for eric adams. we have a mayor who's much more moderate, more focused on business and public safety but not getting help from the city council. but that is why jake maine die, monosaid new york is better off today than san francisco, because crime is going down. but the biggest threat to new york is this out of control migrant situation that has really pairized the city in mann many ways which has distracted the mayor and the city from dealing with some of the other issues. i think one of the things that happened last weekend is this deal on affordable housing that happened at the state level with the city as a well in terms of supporting the development of a affordable housing with tax breaks and also incentivizing the conversion of office buildings into residential by bumping up the zoning and taking away the limitations on far and

other areas that will stimulate development on a pro-business approach. it's the first time that new york in a long time, since mike bloomberg, has actually approached this with incentives as opposed to penalties. more many more yeah, it's a great point. what do you think when you see the market selling off the way it is? the nasdaq also plummeting this morning on the heels of a weaker than expected gdp number, 1.6% growth is down from 3.4% in the fourth quarter and down from 4.9% in the third quarter. the dow down 427, the nasdaq down 270. second quarter's been real rough on markets, don. >> yeah. i mean, look, i think what's happened is the three elements of inflation, the big elements, housing, health care and transportation, are draining consumers' buying power, and so they can't buy any more. there's also not as much light at the end of the tunnel because of rates, and there's a lot of overvaluation. and also i think people are looking at what's going to happen in the real estate

market, both residential and commercial. maria: we will leave it there. don, thanks so much. >> thank you. maria: don peebles joining us this morning. we'll be right back. stay with us.♪ ♪(v ♪ gs. voya provides tools that help you make the right investment and benefit choices. so you can reach today's financial goals and look forward to a more confident future. voya, well planned, well invested, well protected. before you use ai to transform business, accelerate growth, predict trends, you need to begin with trust. introducing watsonx governance. helping you govern any ai, as data, models, and policies change, so you can scale it responsibly. let's create ai that begins with trust, with watsonx governance. ibm. let's create.

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. maria: welcome back. well, the nfl draft kicks off tonight in detroit, michigan,

where the city could see up to $200 million in economic activity. some draft picks have to consider how much they'll pay in taxes depending on what state they get drafted to. the expected first overall pick, usc quarterback caleb williams projected to receive a 4-year, $40 million contract. chicago gets the first pick, and he could pay more than $1.5 million on state and local income taxes on just the first year. if he goes to san francisco, it would soar close to $4 million in just the first year of his contract. joining now us now is super bowl 35 champion brian billic. coach, great to see you. >> great to see you. maria: hey, con congratulatelation ares. i gist love having you, and we all are fans. tell us about this year's draft. >> the draft itself is incredible. there's close to 600 million people watching tonight -- 60 million. ands this is a hoe about making a list. tonight's draft itself is going to be about 15 million, and that's going to outdraw nba

playoff games. this is a show about a making a list. but the excitement around it e, the energy that it generates, you talk about, of course, $200 million maybe going to detroit, it's amazing how the nfl is able to garner that kind of enter. and everybody, everybody loves to see the personnel. everybody has a fantasy tool -- pool, right in my 8-year-old grandson, he can tell you, he's in three different leagues. he can tell you every team's quarterback, receiver, running back, what their stats are. it's an amazing energy around a show that basically is making a list. maria: yeah. and it's also just interesting to see who the draft picks are. we want to know who they are, what they're about. >> as usual, it's all about the quarter peaks. there could be five, maybe six players taken, and typically, i wrote a book called the q factor, the amazing thing is even with today's technology and all of the metrics that we have, about a half of them are going to fail. so and particularly when you take that many quarterbacks. so you talk about kay e remember

williams going to chicago, there's absolutely no reason why he shouldn't be a phenomenal pro, but the odds will tell you whether it's he or drake may or mccarthy or all of them are great quarterbacks, there's no reason they shouldn't go, half of them are going to fail. maria: wow, interesting. mark. >> what is the number one reason some of these superstarr quarterbacks in college don't succeed once they enter if the nfl? is it they can't read a defense? >> you know, the ability to play in the nfl at the quarterback position is such a unique if skill set. most positions you can see height, weight, speed, you get an idea how they're going to perform. but the quarterback itself is made up of a totally different metric, and there's no one set form. if we were to discuss, say, the top ten quarterbacks of all time, we'd come up with 12, 13 people, but every single one would have a different skill set. warren moon has brilliant stroke of the ball, dan marino, how quick ally the ball came out. the intelligence of a peyton

manning or a tom brady. they all had a basic fundamental abilities, but there's usually something about them, and that's what the teams have to decide right now. what about this player, what about caleb williams, what about daniel, what's special about him that's going to translate into the nflx it's a 50-50 crap. hoot. maria: the nfl playing five international games next year. tell us about that. what marks the league's first ever game in south america as a well? >> they're truly trying to go international. i do shows in london, and it's incredible. and a very knowledgeable fan base. the interesting thing's going to be for me as a coach is logistics, how does that work. if you truly have international teams, if you don't have a separate international nfl team and they're going to truly work within if nfl, if i'm in london, if -- not so much mexico, but if i'm in germany, how do the logistics of that of a team going back and forth, how does the money work in terms of thal

rotation of the dollars? maria: yeah, that's right. >> yeah. a lot of moving parts with that one. maria: wow. speaking of money, 4,000 diamonds in that -- >> worth having. maria: 4,000 diamonds. >> that's what they tell me. maria: congratulations, coach. coach brian billic ek. ♪ ♪ it's our time ♪ ♪ you don't want to miss it (just a little bit louder) ♪ ♪ it's our time ♪ ♪ you don't want to miss it ♪ ♪ it's your moment in the spotlight ♪ all your ambitions. all in one app. low fixed rates. borrow up to $100k. no fees required. sofi. get your money right®.

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york city this morning, construction workers, before heading to the next so-called hush money trial. trump meeting construction workers who were chanting things like we love trump and four more years as the former president touts new polls putting him ahead of president biden in six of seven swing states. lee, final thoughts here. >> look, i think it's so great to see him out with the people, and it's register thing and resonating. one thing you've got to be remember is that most americans, two-thirds democrat, 75 percent of independents think things are out of control. maria: jonathan? >> i would say watch that immunity argument in the supreme court today. it's a game-changer. maria: all right. 30 minutes before the opening bell, the market is down 437 points. i want to thank mrs. pay hi for the cookies she brought to "mornings with maria." "varney & company" pix it up. david in for stu, take it away. david: save a cookie for me.