MARIA-00
Looking to Target European Beaches this Summer; Intel Cuts 12,000 Jobs as
PC Sales Decrease; Harley-Davidson Sees Sharp Growth Overseas; Bernie
Sanders and Ted Cruz Shake Off New York Loss; Obama Meets with Saudi King
Amid Disputes; Heisman Trophy Winner Johnny Manziel Gets Dropped by One of
His Biggest Sponsors; Verizon Preparing Yahoo Bid - Part 1>
Shapiro, Bill O'Reilly, Blake Burman >
Harley-Davidson; UnitedHealth Group; Affordable Care Act; Atlanta Braves;
Kiss Cam; Barack Obama; King Salman; Saudi Arabia; 9/11 Lawsuit; Heisman
Trophy; Politics; Election; Trade; Business; Sports>
MARIA BARTIROMO, FBN ANCHOR: Good Wednesday morning everybody, welcome back, I'm Maria Bartiromo.
Coming to you live this morning from the roof of our Fox Business Network studios in Midtown, Manhattan, overlooking the Empire State.
It is Wednesday, April 20th. Donald Trump and Hillary Clinton in a New York State of mind, both winning big time in their home state last night.
They extended their delegate lead over rivals, coming closer to securing their party's nomination.
(BEGIN VIDEO CLIP)
DONALD TRUMP (R), PRESIDENTIAL CANDIDATE: It's really nice to win the delegates with the votes.
It's a crooked system, it's a system that's rigged and we're going to go back to the old way, it's called you vote and you win.
HILLARY CLINTON (D), PRESIDENTIAL CANDIDATE: This was personal. New Yorkers, you've always -- you've always had my back. And I have always tried to have yours.
(END VIDEO CLIP)
BARTIROMO: We will break down the latest delegate-count this morning and then get a closer look at the exit polling data, showing just how Trump and Clinton won the Empire State so well.
A new terrorists threat meanwhile for Europe. ISIS reportedly looking to target European beaches this Summer.
How they plan to do these attacks coming up. And the decline in the PC market taking a toll on Intel.
The company cutting 12,000 jobs, that's 11 percent of the global workforce looking to save $1.4 billion.
The stock is sinking on the news. Take a look, that is a Dow component by the way, that will be one of the pressures for the market today.
Harley-Davidson is seeing sharp growth overseas, meanwhile, in the company's first quarter growth story with the motorcycle maker is seeing opportunity ahead, we will talk with the CEO.
Broader markets this morning looking mixed, as you can see, we are off of the highs, but off of the lows as well.
Start the show with a decline for the broader averages, things have since turned around, expecting a flat opening for the Dow Industrials today.
All of those stories coming up in the program, and with me this hour, Fox Business Network's Sandra Smith and outside adviser to President Obama, Robert Wolf with us this morning.
Robert, good to see you.
ROBERT WOLF, CHIEF EXECUTIVE OFFICER, 32 ADVISORS: Great to be here --
BARTIROMO: Thank you so much for joining us.
WOLF: Thanks, Maria, Sandra.
SANDRA SMITH, FOX BUSINESS: Big night for you last night.
WOLF: Big night, outperformed, Hillary outperformed. I think the over- under was 12, so, that's Wall Street guy that took the over.
BARTIROMO: We need to get to that, we have a lot to talk about with you this morning, so, do stay with us.
Our top story right now, the battle for the Empire State is now over, and the candidates look ahead.
Donald Trump scoring a big win with 60 percent of the votes, Governor John Kasich coming in second with 25 percent, and Senator Ted Cruz projected to walk away with just 14 percent of the vote in New York.
Take a look at the delegate count now. Trump's win gives him 89 delegates last night, that boosts his total to 845.
Still 392 shy of the 1,237 needed to clinch the nomination. He needs to take 58 percent of the remaining 674 delegates in order to clinch that nomination.
Ted Cruz's third place finish gave him no delegates, keeping him at 559 and mathematically eliminating him from reaching 1,237 before the convention.
Kasich's second place in New York awarded him three delegates, bumping him to 147. Three delegates from New York have yet to be awarded.
Overall on the Democratic side of the race, Hillary Clinton scoring a double-digit win over Senator Bernie Sanders, taking in nearly 60 percent of the vote to Sanders' 42 percent.
Clinton's win tallied(ph) her delegate lead, putting her total at 1,893 ahead of Sanders' 1,180.
The numbers of course include those super delegates. Adam Shapiro is standing by in New York with more. Adam, good morning to you.
ADAM SHAPIRO, FOX BUSINESS: And a good morning to you, Maria. Yes, they are the winners, but you might say for Donald Trump and Hillary Clinton, New York is in the rear view mirror.
Let's talk about Donald Trump first. He rallied his supporters last night after Fox called the election, he got 60 percent of the Republican vote, winning the primary here in the Empire State.
He's turning his attention now to the future, and he will be campaigning in Indiana and then in Maryland today.
But last night, he also talked about what he calls the crooked process to get delegates with the Republicans.
(BEGIN VIDEO CLIP)
TRUMP: I am no fan of Bernie, but I've seen Bernie win, and then I watched, and they say he has no chance of winning.
So, they have their super delegates -- the Republican system is worse.
(END VIDEO CLIP)
SHAPIRO: Then there's Hillary Clinton, Hillary Clinton will be campaigning today in Philadelphia.
She is also turning her attention not to the process of getting elected or more delegates, but to Donald Trump and Ted Cruz.
(BEGIN VIDEO CLIP)
CLINTON: It's becoming clearer that this may be one of the most consequential elections in our lifetime.
(APPLAUSE)
Donald Trump and Ted Cruz --
(BOOING)
Are pushing a vision for America that's divisive and frankly dangerous.
(END VIDEO CLIP)
BARTIROMO: Adam Shapiro in New York, Adam Shapiro in New York, thank you very much. Joining me right now is the host of the "O'REILLY FACTOR" on Fox News Channel Bill O'Reilly.
Bill, thanks so much for joining us this morning.
BILL O'REILLY, FOX NEWS: Good morning, Maria.
BARTIROMO: Your thoughts on what took place last night?
O'REILLY: Well, I -- there was never a doubt in my mind that Hillary Clinton would be the nominee, so that didn't surprise me at all.
Bernie Sanders spent a lot of money in New York and really didn't get much for it. So, his campaign is damaged.
On the other side, it's hard to see how the Republican Party can deny Trump the nomination.
Unless he really gets hammered in Indiana and California. You expect him to do pretty well in Pennsylvania, Maryland and those states in the northeast.
But right now, I would say 80 percent going to be Clinton versus Trump, and that's a pretty high number, 80 percent.
BARTIROMO: Yes, that's what it looks like for sure. Were you -- how surprised were you about Ted Cruz and really the weak showing in New York?
We all knew that he was going to have a weak showing, but it was, I think worse than some people thought.
Even when you look at like, one portion of the voting public, the evangelicals, Bill, they went for Trump, not for the most conservative, being Ted Cruz.
O'REILLY: Yes, I think the New York values thing pretty much did him in New York and then he couldn't get -- couldn't get over that.
Here in the Empire State, I've lived here most of my life, and the evangelical movement is not -- is not strong as it is in the south.
So, the purely political vote, the hometown guy, you know, there's a little deception in play.
And we have Donald Trump on the factor tonight, because there's -- you know, not a lot of Republicans in New York.
I mean -- and so while Trump gets 60 percent of the Republican vote, if he goes up against Hillary Clinton, I can't see him win in New York in November.
Now, if he can make in-roads, then he'll be president, but at this point, you got to look at the numbers, and the numbers stack up for Hillary Clinton in the big states like California, Illinois and New York.
BARTIROMO: Yes, and last night in his victory speech, he basically said this morning, he is taking a flight to Pennsylvania and then from there he's going to Indiana.
We know that these are two states that Ted Cruz has been doubling down on. He's been in Pennsylvania a lot, and the Cruz campaign think that they've got Indiana wrapped up as well in terms of delegates.
Where do you think the focus goes now? Big night, next Tuesday night with a whole host of state primaries.
O'REILLY: Yes, I mean, I think Trump does well next Tuesday night in the northeast.
Indiana, Cruz can win it, but remember, every victory that Trump gets and the same thing is true for Hillary Clinton -- momentum.
And you know, and psychology kicks in that they're going to be the nominees. So, tonight when you watch the cable news programs like mine, that will be the prevailing wisdom that sieves through to people.
So, Cruz is up against it right now. He really is. And as I said, I don't see how they're going to deny Trump the nomination.
BARTIROMO: What's your take on John Kasich at this point, Bill? I mean --
(CROSSTALK)
O'REILLY: Play --
BARTIROMO: Yes --
O'REILLY: Unless everything blows up, see, you never know in politics. I mean, Hillary Clinton could be indicted and then that would take her out of the race.
And that's what Sanders is -- he's going to hang on to see what the FBI says. Same thing on the Republican side.
If something dramatic happens, if somebody makes a huge mistake, the people that are still in then get considered.
So, I think that everything will stay the same, up until the convention.
BARTIROMO: Yes, we'll see about that. I mean, in terms of the Hillary mentioned just moments ago, I mean, James Comey said, he wants that FBI investigation wrapped up by the end of May.
So, that's right, I guess, at the end of many of the important primaries.
O'REILLY: Yes, and I think Comey has to stay to that, because he has a responsibility to the people of the United States to put forward what he has.
So, I think you're going to have to have the FBI before June 1st, before the California primary put forth what they think went down there.
So, I think Comey is an honest man, I think that will happen and that's why, you know, gives Sanders some polls.
BARTIROMO: Yes, it's pretty unbelievable. You know, we had Debbie Wasserman Schultz on a few minutes ago.
And I said to her, oh, congratulations, she says, oh, don't congratulate me, you know, the congratulations goes to Hillary Clinton even though so many people think that the issue is rigged both on the Republican and the Dem side because of the support that the Democratic National Committee has given Hillary Clinton versus Bernie Sanders.
What's your take on that?
O'REILLY: The same thing in both parties.
BARTIROMO: Yes --
O'REILLY: The Democratic establishment does not want Bernie Sanders because they know that he wouldn't win.
And so, they're going to do everything they can to take the nomination away from him. And then on the other side, the Republican establishment does not want Donald Trump.
They believe he's going to get slaughtered, and so they're trying everything they can. But at this point with big states like New York weighing in, I just don't see how that happens.
BARTIROMO: So --
O'REILLY: I think the people will prevail.
BARTIROMO: So, you're going to have Donald Trump on tonight. What's --
O'REILLY: Yes --
BARTIROMO: Your most important question for him, Bill?
O'REILLY: Well, basically, we have to take his measure about how he's going to persuade people who don't like him to give him a second look when you have a 67 percent unfavorable rate nationwide, makes it impossible to win an election.
However, the man is a skilled politician, I mean, he really is. It's a stunning thing that he's done.
So, I'm trying to get into -- all right, you got to -- you got to win these people over, how are you going to do it?
BARTIROMO: Yes, well, the negatives are a story. I mean, there's an op-ed in the journal today actually, about the negatives of Hillary Clinton and what she has to overcome, come the general election --
O'REILLY: But that's -- she's not going to be able to overcome that. See, that's in stone.
BARTIROMO: Yes --
O'REILLY: Whereas Trump has a chance to whittle down the unfavorable. You know, Hillary Clinton is very happy she is going to run against Donald Trump, very happy.
Because if she ran against somebody like John Kasich, it would be much harder for her, and now she's got somebody who is controversial as she is.
So, that's where we are.
BARTIROMO: Yes, it's a good take on that. Bill, good to talk with you, thanks so much --
O'REILLY: All right, Maria --
BARTIROMO: We'll see you tonight, Bill O'Reilly on the "FACTOR" tonight, don't miss it, he's got Donald Trump.
Still to come, shares of Intel set to open lower this morning when trading begins, the company is cutting as many as 12,000 jobs, 11 percent of the global workforce.
What cost-cuts may not be enough to save the stocks today. Then forget a photo bomb, check out this video bomb on an Atlanta Hawks kiss cam, where kisses weren't the only thing on the menu. Back in a minute.
(MUSIC)
(COMMERCIAL BREAK)
BARTIROMO: All right, welcome back. United Health Group announcing plans to pull out of nearly all of the Affordable Care Act markets.
Cheryl Casone with more on that and the other headlines we're following this morning, Cheryl, good morning to you.
CHERYL CASONE, FOX BUSINESS: That's right, Maria, good morning. A major blow to Obamacare.
United Health Group, that's the country's largest insurer is pulling out of 34 state exchanges this year because it's suffering huge losses under Obamacare, millions of dollars.
United Health saying it will actively participate in just a few exchanges, that was -- going to be official by 2017.
Well, the decline of the PC market has led to drastic cuts at Intel. The company is eliminating 12,000 jobs, that's 11 percent of the global workforce.
Intel wants to transition from a PC company to one that powers the cloud and billions of other connected devices.
Intel plans to focus on its data center and its internet of things businesses. Target price in the stock cut by several brokerages this morning and that stock is down in the pre-market, Maria.
Shares of the Atlanta Braves made their debut this week, and they didn't even get the first base guys.
Shares in the team owned by Liberty Media are being sold as a tracking stock for the media empire that is controlled by John Malone.
But the shares fell more than 44 percent Monday, and another 9 percent yesterday. The stock was priced April 15th at 36 bucks a share.
But it's opening today and a little more than half that amount. Well, it's trading, if you want to check it out, under the symbol B-A-T-R-A, BATRA.
And OK, you finally have seen the Kiss Cam sporting event, so pretty much all the time. Take a look at this one from last night, Hawks-Celtics game, guys.
The kissing couple, they're putting on their own show, but then look at the girl in the back row, she's putting on her own show, eating her pizza, you know, a piece of pizza in each hand.
Two shows in one you got on the Kiss Cam last night, Maria. Good for her, you shut down that pizza, good stuff --
BARTIROMO: Wow --
CASONE: Back to you --
BARTIROMO: Yes, she's really -- she's really eating that pizza. All right, Cheryl, thank you.
CASONE: You bet --
BARTIROMO: We want to turn back to United Health pulling out of Obamacare, Robert Wolf with us this morning.
Robert, good to see you --
WOLF: Great to be here --
BARTIROMO: Hey, congratulations to you, Hillary Clinton supporter.
WOLF: Yes, big win --
BARTIROMO: Yes, had a --
WOLF: Big win --
BARTIROMO: Big win last night.
WOLF: Yes --
BARTIROMO: But let's talk about UnitedHealthcare for a second --
WOLF: Yes --
BARTIROMO: This is a big blow.
WOLF: Yes, listen, I think it's unfortunate. Obviously, I'm a supporter of Obamacare. Twelve million people have joined the exchange, over 20 million uninsured.
Went before begin and now insured --
BARTIROMO: That's a positive --
WOLF: And so -- and so --
BARTIROMO: Of the story --
WOLF: It's a real positive, any other thing, you know, let's talk economics. The inflation of healthcare, the pricing has slowed since Obamacare has been opened.
Yes, healthcare is too expensive, so I know you're going to hit me on that, I'm not challenging that.
But the inflation rate has slowed since Obamacare has been active.
So, listen, it's disappointing, but I think a lot of others will join the marketplace, and it's important we have a marketplace.
BARTIROMO: Company has said that they're going to lose close to a billion dollars, and that's one of the issues -- that because it was just too expensive.
SMITH: Yes --
WOLF: Yes, I think that healthcare is going to be an interim approach.
BARTIROMO: Yes --
WOLF: OK, there's no question Obamacare is doing something as well. But we need to continue to make changes.
I mean, when it got the 60th vote back in '08, it's not like everyone said -- in '09, it's not like everyone said this is perfect, and it's still --
BARTIROMO: Right --
WOLF: Not perfect today --
BARTIROMO: Sandra, you --
SMITH: Not perfect is an understatement. I mean --
WOLF: Yes --
SMITH: These companies, you read through the list of companies, or the state's UnitedHealth pulling out of Arkansas, Michigan, Connecticut, parts of Georgia.
I mean, they were losing money. And I mean, this is the market place saying, this isn't working.
WOLF: Right, but UnitedHealth, I think they're pulling out of 30-plus states. A lot of the rural states are getting hit the most with UnitedHealth.
And actually, you could say, those are where you need the exchanges the most. There's probably less competition in the rural states because in some ways people think it's like UnitedHealth though, but it's harder to make money.
BARTIROMO: Yes --
WOLF: There's not enough people going on to the exchange there. But listen, I think we live in a country, you know, education, healthcare, everyone should have the ability to have healthcare and education in that country.
BARTIROMO: We're going to talk more about that this morning, and certainly about the victory in New York for Hillary Clinton and Donald Trump last night.
Robert, happy to have you for the hour --
WOLF: Yes, nice to be here --
BARTIROMO: So, thank you for being --
WOLF: Big Donald Trump victory, too, I have to give, you know, the two New York individuals big credit, I think we're going to see them in the general election.
BARTIROMO: Yes --
SMITH: Wow --
BARTIROMO: We will talk about that. Coming up, we are in an Empire State of mind this morning on the roof of the Fox Business Network headquarters.
We are hitting the streets of New York to find out the issues that matter to you or to real people on what they thought about last night's results coming up.
And then President Obama touching down in Saudi Arabia this morning for a historic meeting with Saudi King Salman.
Blake Burman with the details there, we'll be right back.
(COMMERCIAL BREAK)
BARTIROMO: Welcome back, this Wednesday, we are coming to you live from the roof top of our Fox Business studios in New York City overlooking the Empire State after a big delegate win last night for the frontrunners.
Meanwhile, President Obama touching down in Saudi Arabia this morning for a historic meeting with Saudi King Salman.
The face-to-face coming as U.S. lawmakers plan to roll out legislation that would hold the Saudi Kingdom liable for any possible role in this September 11th attacks.
Blake Burman is in Washington this morning with the details. Blake, good morning to you.
BLAKE BURMAN, FOX BUSINESS: Hi there, Maria, good morning to you as well. President Obama landed in Saudi Arabia earlier this morning.
A couple of hours ago for what could potentially turn into some tense meetings there. We are told the President is sitting down right now with King Salman.
Tomorrow is the gathering of gulf states. The President's visit, it's his first to Saudi Arabia since the administration negotiated the Iran nuclear deal which the Saudis pushed against.
It also comes as you mentioned, as there's a renewed conversation here at home over declassifying 28 pages from the 9/11 commission report which some suspect might show Saudi involvement, government involvement in the lead up, up to 9/11.
Also coming back to the forefront, legislation that would allow the families of 9/11 victims to sue the Saudi government.
The White House is against that possibility because it says it could potentially expose the U.S.
(BEGIN VIDEO CLIP)
JOSH EARNEST, PRESS SECRETARY, WHITE HOUSE: Taking in a step like this would significantly enhance the risk to the United States.
Our concern is with our ability to do business in countries around the world.
(END VIDEO CLIP)
BURMAN: The "New York Times", Maria, also reports Saudi Arabia has told the Obama administration it would sell hundreds of billions of dollars worth of U.S. assets should that bill eventually pass. Back to you.
BARTIROMO: Yes, Blake, that's right, thank you so much. Seven hundred and fifty billion dollars in securities.
This is the threat from the Saudis, Robert Wolf, your thoughts on this --
WOLF: Yes, I mean, there's a bunch of things going on with Saudi. One, you had the oil OPEC meetings last week that did not go well.
Iran pulled out, and so, you know, oil fields like it's going to go to another volatile time. Number two, you had the 9/11 commission report, the 28 pages.
I'm actually someone that would like to read it and I'm sure all of New York wants to read it --
BARTIROMO: Yes, it's true --
WOLF: Certainly, you know, so -- and I think even Ryan yesterday commented Speaker Ryan about wanting to do it.
Then you have the litigation aspect, can you actually sue sovereign nations? You know, and so the ability for 9/11, people that got affected during 9/11 to sue Saudi because, you know, did they actually finance terrorists.
So, you have -- and then, you know, the President, you know, them not happy with the Iran deal. And so, there are (INAUDIBLE) of things going on with our ally Saudi Arabia, and so the question is --
BARTIROMO: The President doesn't want that bill to pass.
WOLF: The President does not -- he would veto it, not necessarily because of Saudi Arabia. He would veto it because of the suing sovereign nation aspect --
BARTIROMO: Right --
WOLF: I don't think we're nervous about whether someone wants to sell a U.S. assets --
BARTIROMO: Because it makes America vulnerable for the same kind of --
WOLF: Well, I think it's also -- it's, you know, where -- it's opening a bit of Pandora's Box, you know, how many sovereign nations, what can you sue it on?
I mean, my view is, listen, I am, you know, as you know, a lot of my friends died during 9/11.
I want to read the 9/11 commission report, we should be able to see the inquiry and what was written --
SMITH: Do you believe the President has read that? Because he alluded to the fact that he hasn't --
BARTIROMO: He said he had a sense of it. But it didn't sound like he read it.
WOLF: You know, I believe that the President is always up to date on what's happening with respect to foreign policy and the idea of terrorism and certainly 9/11.
I mean, I don't know exactly what he reads and doesn't read, but --
BARTIROMO: All right --
WOLF: I mean, my guess is he knows it.
BARTIROMO: We'll take a short break, Robert Wolf is with us this hour. Coming up next, Heisman Trophy winner Johnny Manziel dropped by one of his biggest sponsors and his fall from the top.
How he plans to turn things around, next. Back in a minute.
(MUSIC)
(COMMERCIAL BREAK)
BARTIROMO: Welcome back, happy Wednesday, everybody. I'm Maria Bartiromo. Today, coming to you live from the rooftop of our Fox Business Network studios here in New York City. It is Wednesday, April 20th. Your top stories right now, 8:30 AM on the East Coast, Donald Trump and Hillary Clinton in a New York state of mind this morning, both winning big in their home state last night. They extended their delegate leads over their rivals, coming closer to securing their party nomination, but Bernie Sanders and Ted Cruz shaking off the loss, highlighting how they are an alternative choice.
(BEGIN VIDEO CLIP)
SEN. TED CRUZ (R-TX), PRESIDENTIAL CANDIDATE: This is the year of the outsider. I'm an outsider, Bernie Sanders is an outsider, both with the same diagnosis, but both with very different paths to healing.
SEN. BERNIE SANDERS (I-VT), DEMOCRATIC PRESIDENTIAL CANDIDATE: This is the campaign that has the energy, that has the enthusiasm. This campaign is about thinking outside of the box. It is about not accepting the status quo because it is the status quo. It is about challenging the status quo.
(END VIDEO CLIUP)
BARTIROMO: We are breaking down the latest delegate count this morning, getting a closer look at exit data, the exit polling data showing just how Trump and Clinton won the Empire State so much and so big.
Yahoo stock rising this morning, ahead of the opening of trading, the company reporting a sharp decline in revenue, but Verizon reportedly advancing to the next stage of bidding for Yahoo's core assets. We'll see if the deal happens soon.
Harley Davidson, reporting better than expected results for the first quarter, but U.S. sales sag, how the company hopes bikes like this one, on our plaza today, will help drive growth. How about that set of wheels. Alright, futures searching for directions this morning. Take a look, what we're expecting for the broader averages today on Wall Street. The Dow Jones Industrial average, started the day negative, but as you can see, we are looking at a pretty good recovery here. We're expecting a flat to higher opening for the broader averages. Dow Industrials set to open up about six points.
Big victories last night for Donald Trump and Hillary Clinton here in New York. That's what we're talking about right now. It is not just the ballots that matter. Exit polls show additional insight into voter's mind. Dagen McDowell, is live outside of Grand Central Station this morning in Manhattan, speaking to New Yorkers, Dagen, what are you learning?
DAGEN MCDOWELL, FOX BUSINESS NETWORK: Maria, good to see you. So, it's such a runaway victory for Donald Trump, he did well, actually, among some groups that he hasn't fared well with in the past, higher income voters, people earning more than $100,000. Donald Trump got 64 percent of those people. And then, women, 59 percent of women went for Donald Trump in the New York primary. Compare that to 14 percent for Ted Cruz. And speaking of the women on the Democratic side, voters think winner, Hillary Clinton, has a better chance of beating Donald Trump in November, 65 percent took for Hillary over Bernie Sanders. And here is why one voter put in his ballot for Hillary Clinton yesterday.
(BEGIN VIDEO CLIP)
UNINDENTIFIED MALE: I don't like Hillary Clinton. I never did like her. I think her husband was a great president. He's not going to be the president, she is going to be the president, is clear to me. But I do believe that she is in a position because of her experience, because of her work, because of her ability to come back up, that she could do a good president of the United States.