MARIA-00
Trump's Proposal to Build a Wall Along the U.S.-Mexico Border and Make
Mexico Pay for It; Video of U.S. Navy Sailors Leaping from Their Ship into
the Arabian Sea; The Big Short, in the Running for Best Picture; Sparks Fly
in the CNN Republican Presidential Debate in Houston; U.S. Futures Point to
Gains; Donald Trump's GOP Rivals Call Him "Crazy Zealot"; Four Killed,
Fourteen Injured in a Kansas Shooting; A Passenger from a Cruise Ship that
was Hit by a Powerful Storm in the Atlantic Files a Proposed Class Action
Lawsuit against Royal Caribbean; SeaWorld Admits that its Employees Posed
as Animal Rights Activists to Spy on their Critics; LinkedIn Set to Launch
its First Ever Thirty Second Ad at the Academy Awards - Part 6>
Cheryl Casone>
David Webb, Cheryl Casone, Nicole Petallides, Christopher Farley>
Industry; GOP; Stock Market; Donald Trump; Kansas; Royal Caribbean;
SeaWorld; LinkedIn; Academy Awards>
So what you're looking for here is who is signalling what about their intentions when they get into office and what you're seeing from Cruz, Rubio, Trump, is they want to reduces taxes on income and investment.
Those are pro-growth moves, absolutely, especially compared to something like Bernie Sanders plan where he talks about huge spending increases, how are we going to fund that.
So I think the issue here is what are they going to do when they get into office because they are promising big tax cuts, but also huge decreases in tax revenue. How are they going to pay for that?
BARTIROMO: I feel like, you know, this market needs a catalyst to stabilize. You say you want to be putting money to work in stocks, but don't you think that if we would actually have a belief that we were going to see tax reform, and you're one of the new president, wouldn't that be a very powerful catalyst for the market?
PARRISH: I do think that there have been massive calls for corporate tax reform. I think if we get a situation where that comes to fruition, that would be a -- or even close to fruition, that would be positive for the markets.
BARTIROMO: Corporate tax revenue is just 10 percent of the overall money going into treasury. It's not really that big of actual revenue collectively speaking, but it's an important factor for economic growth.
MCDOWELL: Regulation which I know in the two debates that you moderated hit on this very hard even in that first debate in Milwaukee. Regulation and rolling back a lot of the burden on companies, there was a worldwide survey done by a consulting firm where they polled companies around the world and their biggest issue is overregulation.
I think that if you can get some sort of semblance of a more kind of easy-tax policy on them, not even lower rates, but just a simpler tax policy and get out of the way in terms of regulation. You look at West Virginia it's flat on its back because of the EPA --
BRENBERG: The Federal Reserve has basically carried the economy's water. They can't do anything anymore. They are out of ammo. We are in the brink of tipping into recession. They can't do anything about it. Mark Carney, the Bank of England yesterday said in a speech, look, we've done our job. It's government's fiscal policy that hasn't done their job and I agree with him on that.
BARTIROMO: To Dagen's point on regulation, it really is Obamacare as one of the regulations that is keeping businesses down. I was speaking with a number of representatives yesterday in Washington, and they were saying that their constituents, small, they are so focused on keeping the number of employees to 49. They don't want to have more employees than 49 because they get hit with all of the fees that come along with Obamacare. So that's one of the key points.
CARTER: It's a really key point. I think what we are seeing to is that there's complete lack of confidence so much uncertainty. People don't know which way to go, where to turn, everybody is confused and that's why where we are where we are.
That's why people responding to Trump. They want something totally different. So I think what we need is a candidate, whichever candidates is going give us confidence that there are going to be jobs.
That there is going to be economic certainty. That there is going to be plan forward and, you know, once we have that, then we might start to see a little bit more of a rebound, I would think.
PARRISH: I believe that investment spending is probably the key here.
BARTIROMO: Yes.
PARRISH: Going forward, the consumers in good shape and I think a little more clarity for corporations would help them in and provoke them to spend.
BARTIROMO: Get them to put the deals that they've got on the shelf, get that into action and put money in the sidelines into RNG and infrastructure spending.
PARRISH: It could be worth 3 to 4 percent of GDP.
MCDOWELL: You want to talk about something -- you talked about Obamacare that's hanging over the heads of corporations across the country. It's the Cadillac tax. It was the 40 percent excess tax on high dollar health plan.
That's going to change health insurance for every American potentially whether they get health insurance through employers that's supposed to kick in 2018, now it's been kicked down the year down the road for two years.
If you're trying to manage budgets. Now you're delaying it and delaying it. It's like I don't know how to deal with this.
BRENBERG: This is a policy uncertainty. I mean, it's a total quest of uncertainty right now. It's the policy uncertainty. It's a regulatory uncertainty and it's just the macro-economic uncertainty around the world, in emerging markets, China, commodity prices.
The next president has to create some structure, some infrastructure of policy that gives businesses a little bit of certainty, leeway, a little bit of room to look ahead, nobody is doing that right now.
BARTIROMO: I mean, that alone would be a catalyst for markets if we had some stability and certainty in terms of what around the corner. That happens. Going into November, you have to believe that we will see a real, you know, reaction from investors, don't you think? I hope it comes sooner than November.
PARRISH: I hope so and I hope to have more clarity on earning. You know, every year when the earnings estimates come out, most of the positive growth is loaded in the second and third quarter. Let's hope that we get the first and second quarter numbers actually coming up so that the second half --
BARTIROMO: But does guidance suggest that we are going to have stability at the end of the year? What are you hearing from companies in terms of their guidance?
PARRISH: It always does. I mean, but this year we have seen a reduction in the first quarter, heck of a lot more to the downside that we usually see. In my opinion it's positive because they overshoot for the downside, which leaves a chance for surprises.
BARTIROMO: All right, we'll take a short break on that. Brian, good to see you. Thanks so much. Brian Brenberg there.
Coming up, Elon Musk, trying to avoid a repeat of last month's botched up SpaceX landing. Remember that one, delaying this week's launch yet again. We got the details for you.
Check out this video this morning, New England Patriots quarterback, Tom Brady, channelling his inner Lion King to celebrate the adoption of a new puppy.
(COMMERCIAL BREAK)
BARTIROMO: Welcome back. More problems for SpaceX after another mission was postponed yesterday. Cheryl Casone on the story now -- Cheryl.
CASONE: Well, SpaceX is calling of its second attempt to launch this Falcon 9 rocket. That's happened yesterday due to technical difficulties. SpaceX announcing the scrubbing of the mission during a live-launch web cast. Listen to the commentary.
(BEGIN VIDEO CLIP)
UNIDENTIFIED MALE: At T-minus 1 minute and 40 seconds, the SpaceX team had to call hold, hold, further procedure that stopped the countdown and given where we are in loading, that also is going to mean that we are going to be scrubbing the launch for this evening.
(END VIDEO CLIP)
CASONE: Well, there you go, the rocket was less than 2 minutes from lift- off from Cape Canaveral air when the launch was scrubbed.
OK, take a look at this video. A man in Kentucky hospitalized after an e-cigarette exploded in his pocket, yes, fire. Surveillance video at the convenience show sparks erupting from the pocket. Employees had to use a fire extinguisher to put out the flames. He suffered second degree burns in that incident.
Finally, a little happier video for you. I don't want to bomb you out. A student in Indiana University winning 25 grand on the basketball court in a trick-shot contest. Jake Newlander getting the job done earlier this week. He hit a layup of free throw and a three-pointer before sinking a half-court shot. He did all of this in 24 seconds.
Pretty good stuff, Maria. He says he's likely going to use to pay tuition bill for senior year and everybody in the court hugging him thrilled as you can see right there in the video. It was a huge moment for those kids.
BARTIROMO: Nice, sweet shot, Cheryl. Thank you.
CASONE: You bet.
BARTIROMO: Meanwhile, companies looking to lower the cost of health care by improving the wellness of their employees, what they're doing and how they're doing it with big data. The "Wall Street Journal" reporting Walmart, for example, is looking to identify whether workers are at risk for certain diseases.
The retailer hired Castlight Health to do just that. Senior vice president of Health Development of Castlight, Kristin Torres Mowat is with us this morning. Kristin, it is good to see you. Thanks so much for joining us.
You should have been here last segment, we were talking about Obamacare and you know, I see that employers spend $620 billion on health care a year, 30 percent of those dollars are wasted.
KRISTIN TORRES MOWAT, CASTLIGHT SVP OF HEALTH PLAN DEVELOPMENT: That's right. Those 30 percent of wasted dollars go to take care that could be avoided, go to care that takes place in a wrong setting at the wrong time. People who don't get the right preventative care on time end up having to go to the emergency room. We know that 73 percent of people don't know what benefits they get from their employers.
BARTIROMO: Do you know what benefits you get from your employer?
MCDOWELL: Yes, very well, very well.
BARTIROMO: Most people don't. I think you're right about that.
(CROSSTALK)
MOWAT: I cannot say that I know all of the benefits that I have because --
BARTIROMO: I agree. Me too.
MOWAT: I signed up in October for something, and, you know, I remember the big things but come June I don't remember exactly whether my employer has the second-opinion program that I should consult with before going to specific --
BARTIROMO: How does Castlight educate us on what we have? Tell us about action.
MOWAT: Well, here's what we do so we are on a mission to empower people to make the right decisions for their health and organizations to optimize their healthcare benefits.
And our product action, which we just launched end of last year and we have customers on it live beginning of this year is doing just that.
It is providing relevant and timely information to populations that need to know about their healthcare benefits.
MCDOWELL: But you go further. You can literally look -- and you do it anonymously. You are looking at someone's health history and predicting for companies who might get sick so the companies can then try to direct them. If somebody is overweight, correct me if I'm wrong, maybe overweight and risk of diabetes, the company can try and get them in some sort of like weight-loss health program.
MOWAT: Well, a couple of things. So you're right. It is all of our work is done on an aggregated and anonymous basis. And then we are the message -- any relevant or timely messaging that we direct to people comes from Castlight not the employer.
So it is impossible for the employer at any point to know anything about any employee at all. All they know is just large information about segments of their population.
WEBB: And I just want to get a clarity on privacy aspect --
MOWAT: That's right.
WEBB: Medical data, so analyse it. You have this big data then you communicate with the individual?
MOWAT: We communicate with the individual, but there are messages that are made for population. So let's take the example of back pain. If I search for back pain --
BARTIROMO: You say 40 percent of all back surgeries are unnecessary?
MOWAT: Yes, 30 percent of those back surgeries result in complications that result in readmissions and some people, let's just take John Smith, he might have back pain and think, well, my neighbor ended up having surgery and so I'm going to avoid physical therapy and go to straight to a back surgeon.
Well, that might not be right for him in this case and what's better knowing that he doesn't any prior history. He's otherwise healthy, sending him a relevant message that says, did you know about the benefits of physical therapy or did you know that your company covers chiropractic care? That avoid an unnecessary surgery.
MCDOWELL: (Inaudible) would say, this is what you need to do first before you go see a surgeon.
WEBB: Right, last resort.
MCDOWELL: Orthopedic surgeons would do -- like good doctors will send you to the starting line and not the finish line.
MOWAT: But you shouldn't have to go to that surgeon in the first place.
BARTIROMO: Yes, that's a good point. Kristin, good to see you. Thanks so much. Appreciate it very much. Kristin Torres Mowat there.
Coming up, it's the biggest weekend of the year for the Hollywood elite and movie lovers alike. We'll breakdown who should bring home the Oscar.
As we take a break, take a look at one of these lighter moments from last night's continuous debate. Check this out.
(BEGIN VIDEO CLIP)
FERGUSON: Can somebody attack me, please?
KASICH: There's something --
(END VIDEO CLIP)
(COMMERCIAL BREAK)
(VIDEO CLIP)
BARTIROMO: That was Leonardo Dicaprio up for best actor for his performance in "The Revenant" with a lot of people thinking that this will finally be the year for him to take home the gold, the Academy Award. What is your favorite nominees, Dagen?
MCDOWELL: "Revenant" is going to win best picture is my prediction. Dicaprio win in (inaudible) will win best director who won last year for "Bird Man" so that's done. "Spotlight" which is about the journalist at the "Boston Globe" who uncovered the sex abuse scandal within the Catholic Church.
It is one of those movies as a journalist, you watch it and it's amazing how they created this tense spectacular movie about journalists. I've seen almost all of them. I have to see "The Revenant" this weekend. Most of them are incredibly depressing and slow.
BARTIROMO: "The Big Short," have you seen it?
PARRISH: No, I haven't. I read the book.
BARTIROMO: More Wall Street-type movies. You think that plays?
PARRISH: I'm sure, it's a story about America and the crisis, so I think it'll play well.
MCDOWELL: My favorite thing to do during Oscar broadcast is figure out which actress has the most people surrounding her who lie to her based on how she's dressed. They look so ridiculous and not great and so you know that they're surrounded, my God, that's the most fabulous dress I've ever seen.
WEBB: My favorite thing during the Oscars is to wish football was around. I don't want to be depressed. I do want to see "Revenant," though, I'm not an Oscars guy. I grew up in this industry.
BARTIROMO: Meanwhile, when you look at the corporations, the media companies, Teddy, not in a good place this year because the stocks have sold off on core cutting.
PARRISH: Yes, but I think they're in pretty good shape.
BARTIROMO: The media stocks?
PARRISH: They have built franchise that the content is flowing out. I think the cable companies particularly are in a good position because they're selling that data.
BARTIROMO: Yes.
MCDOWELL: You look at a movie like dead pool because you mentioned it, just out of the box blockbuster-record setting movie and it comes out of nowhere and people are like whoa, that's a mover.
BARTIROMO: Advertising as well because it's an election year. Teddy, it's been great having you this morning. Thanks so much. Teddy Parrish joining us there. We will see you soon, sir.
We'll take a break. Next hour, the stage shut for Oscars 2016. We are going to continue reviewing it with the red carpet, on the red carpet and take a look at the biggest surprise winners on Hollywood's big night within the "Fox Light" host, Michael Tammero. Back in a minute.
(COMMERCIAL BREAK)
BARTIROMO: Good Friday morning, everybody, welcome back. It was a fiery night in Houston last night. GOP candidates faced off in final debate before Super Tuesday. Things got heated up pretty quickly.
(BEGIN VIDEO CLIP)
RUBIO: You're the only person on the stage that's ever been fined for hiring people to work on your projects illegally. You hired some --
TRUMP: I'm the only one in stage that has hired people. I got along with everybody. You get along with nobody. You don't have one Republican senator backing you. Not one. You don't have the endorsement of one Republican senator and you work with these people. You should be ashamed of yourself.
CRUZ: Donald, relax.
TRUMP: I'm relaxed -- here is a guy that buys a house for 179,000 and he sells it to a lobbyist for 380,000 and then legislation is passed. You tell me about this guy. This is what we're going to have as president?
RUBIO: Here's a guy that inherit $200 million. If he hadn't inherited $200 million, you know where Donald Trump would be right now?
TRUMP: This guy is a choke artist and this guy is a liar.
END
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