MARIA-00
Father at Convention; Clinton Expected to Name VP Choice at Florida Event
Tonight; U.S. Officials Say the Base Near the Jordanian Border which is
Used by American and British Special Forces was Hit by Missile Fire; GM
Says Federal Regulators May Force it to Recall 4.3 Million Vehicles - Part 1>
Blake Burman>
Anthony Zinni, Lee Zeldin>
Trump; Hillary Clinton; Pentagon; GM; Facebook Aquila; Hillary Clinton>
MARIA BARTIROMO, HOST, MORNINGS WITH MARIA: Trump formally accepting the Republican Party's National Convention this morning in Cleveland, Ohio.
Here are your top stories at 8:00 a.m. on the East Coast. It is official, Donald Trump formally accepting the Republican Party's nomination for president of the United States.
(BEGIN VIDEO CLIP)
DONALD TRUMP, CHAIRMAN & PRESIDENT, TRUMP ORGANIZATIONS & FOUNDER, TRUMP ENTERTAINMENT RESORTS: Friends, delegates, and fellow Americans, I humbly and gratefully accept your nomination for the presidency of the United States.
(CHEERS)
(END VIDEO CLIP)
BARTIROMO: Trump rallying the crowd against likely opponent Hillary Clinton, giving the longest acceptance speech in more than 40 years.
(BEGIN VIDEO CLIP)
TRUMP: America is far less safe and the world is far less safe than when Obama made the decision to put Hillary Clinton in charge of America's foreign policy.
Let's defeat her in November.
(END VIDEO CLIP)
BARTIROMO: Not to be outdone by the excitement here in Cleveland, Clinton looking to make waves ahead of the Democratic Convention next week. She is expected to name her vice presidential pick today at an event in Florida.
On to the business world, a massive headache for General Motors to report. Why the company is recalling over 4 million vehicles.
Chipotle profitable again, but the results still missed earnings expectations, leaving investors hungry for growth.
Plus, Facebook's drone taking flight, the stunning images of its maiden voyage. Turning to markets, Futures are pointing to a higher opening this morning after yesterday, snapping a 9-trading day winning streak yesterday.
Investors are looking ahead to the Federal Reserve meeting next week, and some earnings.
In Europe this morning, markets are searching for direction, investors are watching manufacturing data out of the Eurozone this morning.
The Purchasing Managers Indices coming in slightly above expectations, they were solid numbers.
However, the U.K. Purchasing Managers Index was below estimates. In Asia overnight, markets were lower, led by Japan's Nikkei Average.
The Nikkei down better than 1 percent. All of those stories coming up this hour, and joining me to break it all down, Fox Business Network's Dagen McDowell.
Maverick PAC National Co-Chair Morgan Ortagus and Heritage Foundation, Distinguished Visiting Fellow Steve Moore. Good to see everybody --
STEVE MOORE, ECONOMIST: Hi, Maria --
MORGAN ORTAGUS, NATIONAL CO-CHAIR, MAVERICK PAC: Thank you.
BARTIROMO: Steve, thanks for joining the conversation.
MOORE: My pleasure --
BARTIROMO: Your takeaway --
MOORE: You know, he shoots, he scores. Didn't you say -- sports metaphor. I think, the most important thing, I mean, there's a lot to talk about.
He was presidential. And you know, that was the essential threshold. Can people imagine this man in the Oval Office in the White House, and the answer is yes.
BARTIROMO: Yes, we'll talk more about that. Lot to talk about on the heels of the excitement last night.
Join us this hour. Coming up, New York Congressman Lee Zeldin is with us, retired United States Marine Corps General Anthony Zinni is with us.
Billionaire investor and co-founder of Paul Mitchell, John Paul DeJoria, and comedian Joe Piscopo also weighing in.
All of that coming up. Meanwhile, Donald Trump accepting the Republican nomination last night with a historic address to the crowd.
Blake Burman is live in the Quicken Loans Arena right now with all the highlights. Blake, good morning.
BLAKE BURMAN, FOX BUSINESS: Hi there, Maria, good morning to you again.
Some 401 days after Donald Trump famously came down that escalator in Trump Tower to announce his presidential candidacy.
He finally had the stage all to himself here as the Republican nominee for president last night at the Republican National Convention.
He was introduced by his daughter Ivanka. He gave a speech that lasted an hour and 15 minutes long, and he really broke this down into four different topics: trade, immigration, security, and Hillary Clinton.
(BEGIN VIDEO CLIP)
TRUMP: My opponent asks her supporters to recite a three-word loyalty pledge.
It reads, "I am with her". I choose to recite a different pledge. My pledge reads, "I am with you the American people."
(CHEERS)
(END VIDEO CLIP)
BURMAN: Drew applause here in the arena, but the Clinton campaign shortly after jumped all over that, they sent out this tweet, take a look out from Hillary Clinton's account quoting Trump's "I am with you".
But they also added to it, not included women, African-Americans, LGBT people, Muslims, Latinos, immigrants..."
Meantime, Hillary Clinton will have her moment, so too will the Democrats next week in Philadelphia as their convention gets underway, starting on Monday.
Though the preparations are already under way in Philadelphia. Of course, the big question today going forward for Hillary Clinton, we believe today or possibility even tomorrow, she will announce her vice presidential running mate.
Here though in Cleveland, they are taking the stage down, but the Trump- Pence banner still very much up and alive here -- Maria.
BARTIROMO: All right, Blake, thank you Blake Burman. Last night, Donald Trump refocused on national security and what he believers needs to be done to protect America. Listen to this.
(BEGIN VIDEO CLIP)
TRUMP: We are going to build a great border wall to stop illegal immigration, to stop the gangs, and the violence and to stop the drugs from pouring into our communities.
We must immediately suspend immigration from any nation that has been compromised by terrorism.
We will also be a country of law and order. The attacks on our police and the terrorism of our cities threaten our very way of life.
(END VIDEO CLIP)
BARTIROMO: All right, we want to right now bring in Congressman Lee Zeldin and General Anthony Zinni to talk more about what we heard last night.
Good to see you both, thank you so much for joining us, General.
ANTHONY ZINNI, RETIRED UNITED STATES MARINE CORPS GENERAL & FORMER COMMANDER-IN-CHIEF, UNITED STATES CENTRAL COMMAND: Great to be with you, Maria.
BARTIROMO: Good to see you, Congressman as well --
REP. LEE ZELDIN (R), NEW YORK: Good to see you, too --
BARTIROMO: Your takeaway from the night?
ZELDIN: I thought Donald Trump gave a great speech, Ivanka gave a great speech, the entire night.
The left is trying to talk about the entire convention about how it was four days of dysfunction. The last thing they want to talk about is how well so much of this convention went.
How well the city of Cleveland did, but also you know, the fact is if you listen to Ivanka's words, if you listen to some of Mr.
Trump's words, he's not just talking to the people who are supporting him already, he is reaching so far beyond that base on the issues that people care about the most. While the Democrats are trying to change the story to issues that they're more comfortable with.
Donald Trump is talking national security, economic growth --
BARTIROMO: Yes --
ZELDIN: That's what the independents -- the blanks, that's what they want to talk about.
BARTIROMO: You're absolutely right. And General, really that was the bulk of the speech, right?
Whether it's law and order or fighting ISIS and foreign policy. What was your takeaway from the night, sir?
ZINNI: Well, I thought there were several interesting points in the speech, and they didn't get much attention I think.
One was, he said, we would stop this nation-building, and that's really been consuming our military ever since 9/11.
So, that was an interesting policy statement. Obviously, made mention about rebuilding the military, also he alluded to NATO, and the concern there about burden sharing, and paying a fair share and support.
Obviously, NATO is increasing in size but decreasing in capability, and we're picking up about 75 percent of the military cost.
So, what I read into a lot of that is a relook at where our commitments are, building the kind of military we need, and looking hard at the missions we gave our military and adjusting those to something more realistic.
BARTIROMO: Yes, and General, I mean, look, you're a retired United States Marine Corps General.
I mean, you know, the NATO comments have really been debated, and I'm glad you brought that up because I wonder what you think of what Trump has been saying about NATO.
ZINNI: Well, I think NATO needs to -- we need to look hard at NATO, obviously, it's an important alliance.
We increased it since the end of the cold war by a dozen nations, and intend to add more. But we've increased in size, increased in commitment, but decreased in military capability. And then increased our own proportionate share that we have to pay for this.
I do think we need to get a stronger commitment from NATO to support as a percentage of GNP, their militaries to share the burden when we are committed.
To take positions that where political will to support and commit their militaries is there.
So, I think, you know, NATO is important, I support NATO, but I think it's fair to take a hard look at it, and to look at how we bring it into the threats that we face now.
BARTIROMO: What's your wake on that? Do you think Trump supports NATO? That's really the question, right?
ZELDIN: I think his speech last night was indicating that he wants to get to a situation where there is a strong relationship with our allies that NATO is working for the United States, not just working for other countries who are members of NATO.
And I think that, you know, there are just general principles of that, you know, Mr. Trump is showing that there's clear contrast with Hillary Clinton.
And strengthen our relationship with our allies, treating our enemies as our enemies or critically important to keep ourselves a safe, secure and free.
So, the way NATO is functioning already, he notices it needs to evolve in order for it to work better for America.
BARTIROMO: Steve, you wanted to hear more on the economy. You wanted to hear more about job creation.
MOORE: Well, you know, it's interesting though, it appears there was a last minute shift, you know, towards the issue of safety and security.
Yes, and maybe that was to attract -- because that's something, you know, women care very much about.
I thought what was interesting about the speech last night, I love your reaction to this, was, you know, I remember when we went over -- I went over to Mr. Trump, and met with the house Republicans.
And you know, the party was not unified at that time, Maria. I mean, there was -- there were some never Trumpers in that room.
And I wonder if you think with what happened last night, you're going to have a unified Congress, Republican Congress behind Trump. Does this silence some of those never Trumpers in your caucus?
ZELDIN: Yes, since this primary has ended, every single day, week, that's gone by, Mr. Trump is unifying more and more of the party.
The fact is come November 8th, there will still be some Republicans who won't be supportive of Mr. Trump.
And come November 8th, there will still be some Democrats who won't be supportive of Hillary Clinton. But I think this convention certainly helps the cause of uniting the Republican Party.
And I think even what happened with Senator Cruz the night before, even that helps uniting the Republican Party when you see Cruz delegates --
MOORE: Yes --
ZELDIN: Support him --
BARTIROMO: People are mad --
MOORE: I think -- let me -- just one question --
BARTIROMO: People are mad about that, right --
MOORE: I think you're going to see some Republicans now want to ride on Donald Trump's coattails especially in these blue states.
ZELDIN: He is -- he is reaching out -- I mean, he has gone so far beyond his base, just --
MOORE: Right --
ZELDIN: Take the last two speeches of yesterday.
BARTIROMO: Yes --
ZELDIN: On so many fronts, you couldn't think of 25, 30 different ways that he's reaching beyond his base.
DAGEN MCDOWELL, FOX BUSINESS: Yes, in the Rust Belt particularly, Steve, is what --
MOORE: Yes --
MCDOWELL: You're talking about --
MOORE: Exactly.
MCDOWELL: In those arm union heavy states where manufacturing jobs have been lost. Wisconsin, Pennsylvania --
MOORE: Yes --
MCDOWELL: Ohio, and then Michigan. Again if Donald Trump can win those four and keep the Romney states, he gets 270 electoral college votes --
MOORE: Yes --
BARTIROMO: General, I mean, he was obviously tough on ISIS, was it the right message?
Do you agree with that? What do we need to hear in terms of substance and policy when it comes to defeating ISIS?
ZINNI: Well, I do -- with what he said. I mean, for quite a while, I have said, we need to take on ISIS.
We've been trying to run a two-year program of our strategy of attrition, it's been too slow, it's allowed ISIS to control terrain, it's allowed them to be able to fund their global war against us through what they are able to extort.
Smuggle oil, rob banks and inspire others around the world to conduct these horrible acts. We have the capability to take it out. Go back to -- take them out, go back to NATO.
How many NATO countries have been attacked by ISIS? I mean, the French, the Belgians, us, and Germans and others.
NATO should be taking on ISIS directly. We're so afraid of committing ground forces, we could end this thing in a short time. We're going to take more civilian casualties than we would ever take in a mission to wipe them out.
And I think that our allies in the region, in the Middle East would join that if they knew NATO was committed to it. Why haven't we invoked Article V to commit the forces to once and for all destroy ISIS?
BARTIROMO: Yes, what do you think in terms of a bump post this convention? Do you think Trump gets a bump?
Everybody after that --
MOORE: Yes, and I mean, look --
ORTAGUS: Yes --
MOORE: At the overnight polls, 57 percent were very impressed with the speech --
BARTIROMO: Yes --
MOORE: Fifty seven percent, that's a giant number.
ZELDIN: Yes, and enthusiasm gap --
MOORE: Yes --
ZELDIN: And the people are so much more excited to support Donald Trump than those who are supporting Hillary Clinton.
MOORE: Yes, but Dagen, the critics were out strong last night.
MCDOWELL: Right, heavy Democratic presence, heavy liberal presence on Twitter, but --
MOORE: What were they saying?
MCDOWELL: I mean, they were just going after the alone comment --
MOORE: Right --
MCDOWELL: With --
MOORE: Right --
MCDOWELL: The one comment that he made --
BARTIROMO: And they said it was a dire speech, think that --
MOORE: Right --
BARTIROMO: America is dire.
MCDOWELL: Right, exactly, but next week, does Hillary help herself and get a bump because again she's got a long way to go, it appears as if she's not lying.
BARTIROMO: Yes, all right, we will leave it there. Congressman Lee Zeldin, good to see you --
ZELDIN: Thank you --
BARTIROMO: Sir.
BARTIROMO: General Anthony Zinni, thank you so much for joining us, sir, we will see you soon.
ZELDIN: Sure.
BARTIROMO: Appreciate it. Coming up, one major automaker in the midst of a major recall. Why GM is pulling more than 4 million cars off the market, that's next.
And Facebook reaching for the skies behind the social media giant's drone project that aims to bring internet to the masses.
Back in a minute.
(COMMERCIAL BREAK)
BARTIROMO: Welcome back. Russian fighter jets targeting a Syrian outpost used by the U.S. military.
Cheryl Casone is at New York headquarters right now with the story and other headlines, Cheryl.
CHERYL CASONE, FOX BUSINESS: That's right, Maria, good morning. Well, alert sirens went off at the Pentagon last month after U.S. officials say the base near the Jordanian border which is used by American and British Special Forces was hit by missile fire.
Turns out the outpost was bombed by Russian war planes. After the first strike, the U.S. military reached out to the Russian air campaign headquarters in Syria, saying the base should not be attacked.
But Russian jets hit it again about 90 minutes later. Four Syrian rebel troops were killed in the airstrikes, British troops had left the base just the day before.
Well, General Motors may have to recall millions more vehicles because of defective Takata Airbags.
GM says that federal regulators may force it to recall 4.3 million more vehicles and an additional cost of $550 million.
In May, GM recalled almost 2 million vehicles because of the airbag problem, and expanded the recall to another 600,000 just last month.
Well, promotions for, well, free Burritos and other food apparently didn't do much to help Chipotle's bottom line in the second quarter following a series of food safety problems.
Earnings falling more than 80 percent from a year ago, as same-store sales slid nearly 24 percent.
But that's an improvement from the first quarter. Chipotle saying it doesn't know how long it's going to take to recover from an E. coli outbreak and Norovirus cases that happened last Fall.
Shares by the way falling 2 percent of pre-market trading, the stock is down 38 percent so far this year.
It's up 418.07 as of last night, stock to watch today for sure. And Facebook, Aquila drone has completed its first test flight in the Arizona desert.
The solar-powered drone which has a wing span of a Boeing 737 -- there's Mark Zuckerberg celebrating with -- and at the runaway at a military installation near the California border yesterday.
The drone was airborne for about 90 minutes, more than three times longer than Facebook had planned.
So, the plan, Maria, is to use the drones to deliver high-speed internet to remote areas in the world.
But as you can see, a lot of hoot and hollering yesterday from of all people Mark Zuckerberg.
Might have been the happiest I've seen that guy in several years. Back to you.
BARTIROMO: All right, Cheryl, thank you. All eyes on Hillary Clinton now, she's geared up to announce her running mate today.
We are breaking down the vice presidential shortlist straight ahead. Then it's been an eventful week here in Cleveland, to say the least.
We will bring you the best moments from our special coverage of the Republican National Convention on the other side of this break, stay with us.
(MUSIC)
(COMMERCIAL BREAK)
BARTIROMO: Welcome back. What an incredible week for our show here in Cleveland, here are some of the highlights of our great guests this week. Take a look.
(BEGIN VIDEO CLIP)
RICK PERRY, FORMER TEXAS GOVERNOR: This is a contest, and I understand contests, I'm a competitor, but at the end of the day if you don't make it to the finals, then you know, pull for your team.
And so, here is the simplicity, the way I put it. You are either for Donald Trump or for Hillary Clinton.
MIKE HUCKABEE, FORMER ARKANSAS GOVERNOR: Some of the other candidates have not come on board, endorsed Donald Trump, even though they said and promised and pledged on national television they would.
HALEY BARBOUR, FORMER MISSISSIPPI GOVERNOR: Well, look, Donald Trump wasn't my first choice, but --
HUCKABEE: Wasn't mine either --
BARBOUR: But a lot of --
(LAUGHTER)
BARTIROMO: Oh, yes, governor, how --
HUCKABEE: And beyond --
BARTIROMO: Funny how that works.
BARBOUR: Life is a series of choices --
HUCKABEE: Yes --
BARBOUR: And if the choice of Donald Trump and Hillary Clinton, I'm for Donald Trump every time.
UNIDENTIFIED MALE: One or two-party system, people must be grown-ups, and say well, maybe this fellow wasn't my first choice, he is the party's choice, I will support him.
BARTIROMO: Do you think Donald Trump can beat Hillary Clinton?
UNIDENTIFIED MALE: It's not a question about the beat, you know, I'm tired, if it was a corrupt -- dealing with a corrupt system, Hillary Clinton would be the establishment.
Thus, you can understand, she can do better than anybody else in a corrupt system.
But we don't want a corrupt system. We want -- we will create a whole new system. We will tear this system apart, we want to make America great again.
UNIDENTIFIED FEMALE: Hillary Clinton either broke the law or exercised bad judgment. How much of a referendum do you think this is going to be on Hillary Clinton?
BARBOUR: Well, I think it's very important. But the number that struck me is even more powerful.
In every poll since Comey has said the FBI wasn't going to recommend an indictment. In every poll, a majority of Americans have said they thought she ought to be indicted.
DEBBIE WASSERMAN SCHULTZ, CHAIRPERSON, DEMOCRATIC NATIONAL COMMITTEE: Well, it's not surprising that the Republican National Convention stage would use this as an opportunity to deflect from the fact that they are about to nominate on Thursday the most divisive, bigoted, unprepared and temperate candidate that any major party has ever put forward.
BARTIROMO: How will Trump do differently?
DAVID CLARKE, SHERIFF, MILWAUKEE COUNTY: What I need out of Donald Trump is for him to appoint an Attorney General who is going to see local law enforcement once again like we've always been as an ally in the pursuit of criminals and of crime and start literally working together.
UNIDENTIFIED MALE: Trump is an outsider. He is somebody who has created jobs, who has given back to the people, and he's got an amazing family, his children love him to death. He's a good dude.
UNIDENTIFIED MALE: It's such a binary election, and it's so clear now who our candidate is and the direction he's taken us in compared to a continuation of the Obama legacy on the other side, I'm optimistic.
HUCKABEE: Well, the good news is I've asked both of my donors to come on board with him, so --
MCDOWELL: You know, we need a serious donor --
UNIDENTIFIED MALE: We're in a political convention, I want stability, I want people to believe in economic growth, I want people that realize America has a responsibility around the world that we have to exercise it.
BARTIROMO: Do they not see -- like connect the dots in terms of what the cost has done to business?
UNIDENTIFIED MALE: The liberals really believe, you know, just have the government do it, things are going to go better. And it's going to -- it's not going to cost anybody any money.
We're going to be able to cover everybody, we're going to be able to over regulate. The truth of the matter is, it's just going to bankrupt the system.
UNIDENTIFIED MALE: Government is inefficient by its very nature. Let businesses do what they can do. And if they are inefficient, they fail and go away.
There's a problem with government, it never goes away when it fails. It's always a predatory device in our economy.
BARTIROMO: Got to ask you about your sneakers. You were with us in February, you had Donald Trump --
UNIDENTIFIED MALE: Yes --
BARTIROMO: Congress sneakers, so --
UNIDENTIFIED MALE: Yes --
BARTIROMO: Now that we're here at the Republican Convention, what you got for us?
UNIDENTIFIED MALE: I'm trying to figure out which camera we got here --
BARTIROMO: You're spotting -- you're spotting red, white and blue, American flag --
UNIDENTIFIED MALE: This one is 17, so, this is Nike, because Nike is one of the most pro-American. They do all the Olympics.
MCDOWELL: You said that you have some special confetti. What is special confetti? What is that?
UNIDENTIFIED MALE: Special confetti --
BARTIROMO: Tell us, please --
MCDOWELL: Is something written on it?
(LAUGHTER)
Or is it the shape of the confetti?
UNIDENTIFIED MALE: It's the way it's going to come down, we also orchestrate the confetti, in fact, the new years at Times Square of the year, we created that back in '09 and '10 --
BARTIROMO: So, it's you, guys, OK --
UNIDENTIFIED MALE: So, we're always pushing boundaries --
MCDOWELL: You're the one who dirties up my neighborhood.
UNIDENTIFIED MALE: Yes, and you know, we get -- we get paid for trashing the city, and then we go home and that's it, you know, so --
BARTIROMO: But they want that.
UNIDENTIFIED MALE: Yes --
SCOTT BROWN, FORMER UNITED STATES SENATOR: The fact that the rock and roll hall of fame is opening up its doors.
You're there, you're right there, it's on my bucket list, one of the things to do, you know, part of history, I'm looking forward to actually going and learning about the -- you know, the birth of rock and roll.
(END VIDEO CLIP)
BARTIROMO: All right, coming up next, the economy focused a part of the Trump speech last night.
How business leaders around the world are reacting to his message on the economy.
Then Starbucks reported earnings that were too skim for investors. What the coffee giant is blaming for lackluster sales.
Stay with stay, back in a moment.
(MUSIC)
(COMMERCIAL BREAK)
UNINDENTIFIED MALE: Live from the 2016 Republican National Convention in Cleveland, Ohio. Once again, here's Maria Bartiromo.
BARTIROMO: Welcome back. Good Friday morning, everybody. I'm Maria Bartiromo. It is Friday, July 22nd, and we're coming to you live from the Republican National Convention here in Cleveland, Ohio. Your top stories right now, 8:30 AM on the East Coast, it is official, Donald Trump formally accepting the Republican Party's nomination for president of the United States. Trump's daughter, Ivanka, introducing him last night, praising her father for his leadership.
(BEGIN VIDEO CLIP)
IVANKA TRUMP: Politicians talk about wage equality, but my father has made it a practice at his companies throughout his entire career. He will fight for equal pay for equal work, and I will fight for this, too, right alongside of him.
(END VIDEO CLIP)
BARTIROMO: Not to be outdone by the excitement in Cleveland. Hillary Clinton looking to make waves ahead of the Democratic Convention next week, expecting to name her vice-president pick at an event today in Florida. Pandora, reportedly turn down a take-over bid, the decision that's weighing on the stock ahead of the open of Pandora. Turning to the markets, futures indicating a higher opening for stock prices today, after stocks snapped a nine trading day winning streak yesterday. Investors are looking ahead to next week Federal Reserve meeting on Wednesday.
In Europe, markets are searching for direction. Investors watching manufacturing data out of the Euro Zone, with the purchasing manager's index is coming in slightly above expectation, although the purchasing manager's index in the U.K. was lower than estimates. In Asia, overnight, markets were lower led by japan, the Nikkei Average down better than 1 percent. And we're taking a look at Hillary Clinton hitting the campaign trail in Florida, today, possibly announcing her running mate ahead of the Democratic National Convention next week. Adam Shapiro, right now in Tampa, Florida, with the details. Adam, over to you.