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about Trumps visit in the Whitehouse and talking to Obama, also, Alibaba's
Single's Day; Trump Presidency; "Arrival" Hits Theaters; ETF Report - Part 1>
Lea Gabrielle>
Terrorism; Economy; Movies and Television; Stock Markets>
MARIA BARTIROMO, FOX ANCHOR: -- reiterating commitment to smooth transition of power.
(BEGIN VIDEO CLIP)
BARRACK OBAMA, PRESIDENT OF UNITED STATES: I have been very encouraged by the -- I think, interest in president elect Trump's wanting to work with my team around many of the issues that this great country faces.
DOANALD TRUMP, PRESIDENT ELECT OF THE UNITED STATES: The meeting lasted for almost an hour and a half and it could have as far as I'm concerned could have gone on for a lot longer. I look very much dealing with the president in the future including counsel.
(END VIDEO CLIP)
BARTIROMO: The meeting coming us antitrust protests turned violent and there are declared riots. The latest on the damage and destruction in Oregon to report this morning. The business world reacts to next president. Why Apple CEO, Tim Cook is telling employees the only way to move forward is to move forward together. Get rich, quick.
The details of Alibaba's single's day, nets the company a billion dollars just in the first five minutes. We will tell you about it. Disney is the name to watch this morning in Wall Street, investors crying foul as earning are weighed down by the struggles of ESPN, the stock as you see there, looking higher this morning. Future showing the markets are pulling back from the record rally that we've had the last couple of days, the Dow industrials hit a record yesterday, stocks pulling back 60 points on the Dow Jones industrial average.
We are expecting a weaker opening and broader averages. In Europe, markets are lower across the board. FTSE100 leading the losses down, better than one percent this morning, down 76 points.
Markets in Asia overnight. Mix, take a long. The Hang Seng in Hong Kong, the worst performer down, one point one -- one and a third, rather have some extra cash for the holidays? You may want to consider new set of wheels, staggering price tag that could make one Ferrari the most expensive car ever sold, we will show you those hot wheels, coming up.
All the stories coming up this morning, joining me to talk about it Fox Business Network's Dagen McDowell, business and economics professors at the King's College, Brian Brenberg is with us and Fox news correspondent former navy fighter pilot and intelligence officer Lea Gabriel. Lea, we want to wish you a happy veterans day.
LEA GABRIEL, FORMER NAVY PILOT FIGHTER: Thank you so much. I want to say happy veterans to all my brothers and sisters in arms, all those who have served. This is their day.
BARTIROMO: We cannot thank our armed services enough. For your service, for keeping us safe and keeping us free. Thank you to all the veterans out there. Good morning to you.
DAGEN MCDOWELL, FOX CORRESPONDENT: We are the land of the free because we are the home of the brave. So thank you.
BARTIROMO: We have a lot coming up this morning. Former republican presidential retired neurosurgeon dr. Ben Carson is here today. Former deputy chief of staff to president George W. Bush, Karl Rove is with us.
Murray Energy CEO, Bob Murray along with president Obama economic adviser, Austin Gulsby and Allianz chief economic adviser Mohamed El-Erian talking markets and what has taken place over the last week. Stay with us, big hour ahead. Donald trump visited the white house.
(BEGIN VIDEO CLIP)
TRUMP: I very much look forward to dealing with the president in the future including counsel. He explained some of the difficulties and some of the high-flying assets and some of the really great things that have been achieved.
OBAMA: My number one priority in the coming two months is to try to facilitate a transition that ensures our president elect is successful. We now are going to want to do everything we can to help you succeed because if you succeed then the country succeeds.
PAUL RYAN, REPUBLICAN PARTY SPEAKER: We are now talking about how we are going hit the ground running to make America great again.
(END VIDEO CLIP)
BARTIROMO: Melania Trump also met with first lady Michelle Obama yesterday for a tour of the white house residence after the visit Donald Trump tweeted a fantastic day in DC, met with president Obama for the first time, really good meeting, great chemistry. Melania liked Mrs. O a lot. Joining us right now is radio show host and columnist for the Boston Herald, Howie Carr. Howie, good to see you this morning?
HOWIE CARR, COLUMNIST FOR THE BOSTON HERALD: Thank you, Maria, happy Veterans day to you.
BARTIROMO: Both Trump and Obama have both harshly criticized one another in the past. What's your reaction to the swift change in rhetoric from both parties during the meeting yesterday?
CARR: I guess they were polite in a preformat sort of way. You're right. What are you going to say when the last week Obama was accusing him basically of being a member of the Ku Klux Klan and we all know about the birther controversy.
Donald went about it as well as expected they both said the right things, it would have been nice if Obama had agreed to a photo op with the president elect, but you know, you -- as the song goes in these campaign rallies, you can't always get what you want.
BARTIROMO: It's funny that they didn't take a photo-op. What do you think about that?
MCDOWELL: I thought this is as good as it could come. Given the tensions between the two individuals, but what people have said all along to us when Donald Trump was running, despite the bluster and the showmanship and him saying things that were outrageous when you meet him one-on-one he's a reasonable person and he does listen and he does digest ideas and he's quite a likable man and so I think possibly we are going see more of that person on the national stage. He's the president elect.
BARTIROMO: I was talking about president Obama because, you know, he's been so vocal about Donald Trump. So it's interesting to see him pull it in yesterday.
GABRIEL: They are men who are sportsmen and they both know how to shake hands and move forward. I have a really -- I really was happy about what I saw yesterday, photo-op aside. What we saw is two leaders of the free world who could sit together and be pleasant and positive and I actually it looked sportsman like and I hope that we will see more of the same.
BARTIROMO: You hope that the protestors and take a lead from the president. Howie, Trump is not wasting anytime, getting ready to change Wall Street regulations once in office. His transition team posted the Dodd-Frank economy does not work for working people.
Financial services industry implementation team will work to dismantle Dodd-Frank act and replace it with new policies to encouraging economic growth and job creation. What's your take on trump's plan to dismantle president Obama's policies like Obamacare and Dodd-Frank?
CARR: I don't think Dodd-Frank was a big applause line on the campaign trail that repealing Obamacare or ripping out the Iranian nuclear deal was, but it's important and again this is a good indication that that Trump hit the ground running. He's hitting all the right bases. Dodd-Frank means a lot to people on main street if not wall street.
I would be surprised today if there's not anything about the Veterans administration being Veterans day. He's going to reach out to all the elements of his coalition. I think he's hitting the right notes. Look at the stock market.
It was humorous on Tuesday night when the futures tanked, I think at wasn't point 800 points but once people woke up on Wednesday morning they said, this is not such a bad thing.
BARTIROMO: That's right.
CARR: I think repealing Dodd-Frank is going to send another good message to the market.
BARTIROMO: We know these are the rules that have been hampering small businesses.
CARR: It's hard to get a loan unless you're a big guy.
BRIAN BRENBERG, PROFESSOR KING'S COLLEGE: Howie, he's talked about moving quickly, how quickly can we actually expect results here thought. I think people have expectations that Obamacare is gone and Dodd-Frank is gone. It takes a long time to transition out of policies. What can people expect there?
CARR: I don't think anybody is expecting, you know, to get a new letter from their insurance company saying never mind, the premiums aren't going up so much. No one is expecting that. It's just that you've got to show - - show everybody, your voters that you haven't forgotten this -- these problems. I mean, you know, another thing that I don't think too many people have talked about, how about keystone pipeline.
That's something that really is important, I think. You know, opening the fracking ban on federal lands, I know energy prices are low, but again these are important symbolic messages. You're telling people like Reagan did in 80 or 81 that America is open for business again. We will try to get the economy moving.
Donald trump talked about these 95 million Americans that aren't working. We want them back in the job market. I think everybody does except maybe the protestors.
MCDOWELL: I watched Paul Ryan, speaker of the house on Bret Baier last night.
BARTIROMO: Me too, I saw it.
MCDOWELL: He was giddy. He literally was giddy after his meeting with Donald Trump about the possibilities. He was like we can actually get things done and i think that highest on the agenda is tax reform and creating jobs and once the government can get out of the way in terms of dialing back some of the orders, the leading by fiat if you will, whether it's the president whether it's the EPA regulations --
BARTIROMO: Obamacare.
MCDOWELL: Obamacare. Again, there's real -- there was real optimism and excitement coming out of Paul Ryan which I thought was terrific to see.
CARR: Ryan ran for vice president in 2012. He couldn't carry Wisconsin. Guess what? Trump did. Same with Mitt Romney, couldn't carry his home state of Michigan and Trump could, I mean these guys have to be really impressed with his power to sway the voters.
MCDOWELL: He said last night in that Bret Baier. The people that didn't get behind him got hurt in their elections.
GABRIEL: They have the keys to the kingdom right now but it's kind of like those of us who have served with the Marine Corp know about Pugil Stick Fighting, the second they blow the whistle, you got to hit hard to head right away and start knocking out those policies.
Today is the day and lessons from the marine corps whose birth was yesterday to hit hard, hit fast with policies because you have two years and you will see.
BARTIROMO: A lot of speculation about the transition team, about the cabinet, transition team apparently will include billionaire investor technology executive Peter Teal. Howie, what do you think Trump adding at billionaire to the team. He has been supportive of Donald Trump and now added to the transition team.
CARR: I think he would be perfect. He's a billionaire and immigrant, he's gay, he's evangelical Christian. He's had a career year already. I think his name was being floated earlier for the supreme court. He has gone to law school and used to be a clerk to somebody in appeals court. Any way they can get him into a position of prominence would be great. He's the perfect, you know, symbol of the new American, I think.
MCDOWELL: I want to add really quick thing because Amazon got hammered yesterday, the stock in correction territory as of yesterday and we talked about the Bezos versus Trump thing. Jeff Bezos did tweet yesterday, congratulations to Donald trump. I for one give him my most open mind and wish him great success.
CARR: Tell that to the Washington post editors.
BARTIROMO: Everybody has an open mind now.
CARR: What happened to 20 reporters at the Washington post that were digging up dirt on Trump.
BARTIROMO: They're still digging, Howie. That was extraordinary. That's why this election was a complete against the media. They come out with 20 reporters looking for dirt on trump and they didn't have any extras on Hillary Clinton, the one under FBI investigation.
CARR: I love the headline in the Washington post, I think it was, Whitehouse refuses to rule out pardon for Hillary Clinton. That tells you all you need to know about the Hillary Clinton campaign.
BARTIROMO: Howie, good to see you, thank you so much. Coming up, release coming to residents of flint after judge orders bottled water to be delivered to homes there. Efforts to recover from the water crisis coming up next. We are thankful to heroes in uniform for service to our country today, how businesses are honoring veterans straight ahead, back in a minute
Welcome back, residents in comments flint Michigan still dealing with unsafe drinking water but one judge is ordering the town to step up. Here is Cheryl with the details.
CHERYL CASONE, FOX CORESSPONDENT: Well, good morning, Maria. And US district judge David Lawson, delivery of bottled water to residents affected by water in flint. Water is distributed for free in areas of flint but this will help ensure that safe water is there for residents unable to get to a distribution site. Each home will be provided with 4 cases of bottled water per week per resident unless they choose to opt out of that program.
Well if you voted for Donald Trump you may not be welcome to Grub Hub. Employee who is agree with Trump's campaign rhetoric should resign.
The e-mail from the CEO reads this, I absolutely reject the nationalist anti-immigrant and hateful politics of Donald Trump and will work to shield our community from this movement. That's, of course, from the Grub Hub CEO.
The company then released a statement. At Grub Hub we walk and accept all political employees no matter who they voted for in this or any election. Message was intended to advocate for inclusion and tolerance regardless of political affiliation.
The CEO says he's not embarrassed by his actions. 20 percent of employees thanked him for the original e-mail but we should also say the original e- mail said you should resign if you agree with Donald Trump.
A lot of controversy about Grub Hub this morning. Apple CEO Tim Cook sent a memo to employees after Donald Trump's victory but the message was about unity. I heard from many of you today about the presidential election, regardless of which candidate each of us supported as individuals the only way to move forward is to move forward together. And businesses are offering some special deals as Veterans day to honor Americans who have served our country.
IHop giving red, white and blue pancakes from 7: 00 a. m. to 7: 00 p. m. , red lobster with free appetizer and dessert to vets and active duty military. You have to have id. We should say chipotle, Baskin-Robbins, the list goes on and on of American companies that are honoring veterans today. There's deals everywhere, actually, back to you.
BARTIROMO: I love that. Coming up next the world's largest online event smashing records and it's not even over yet. What Alibaba single's day, says about the health of the global economy, that's next. Plus, Mark Zuckerberg, coming to Facebook's defense, why he says that the social media election did not hurt the election and did not influence anything. Back in a minute.
China's economic slowdown is not getting in the way of the country's online shopping day of the year, Alibaba shattered the singles day sales record and still a couple of hours left in 24-hour promotion. Brian Brenberg, with us. Let me ask you about that. Alibaba had a billion dollars in sales in five minutes.
BRENBERG: $5 billion in sales in two hours. 175,000 orders per second in the first hour. This is exactly why US companies wanting to get in on this. You have Levi's, Apple, you have a bunch of US companies say we want to reach the Chinese consumer because they are willing to spend big time.
BARTIROMO: I always chuckle at singles day. It's funny, they have their rule, one child rule and they celebrate being single.
BRENBERG: Don't wait to get presents until you get married. By them for yourself.
GABRIEL: Go out because you're single and get together with groups and potentially meet someone initially and then became, ok, we will celebrate yourself, buy something for yourself.
BARTIROMO: I'm all in.
MCDOWELL: Speaking of retail, though, some of the retail stocks did terrifically yesterday. We got good news from Macy's and Kohl's. Nordstrom lifted financial targets for the year. Rising wages, wages running at the fastest pace since 09 and tighter inventory. That was good news. It could be a great holiday shopping season here in the United States.
BARTIROMO: Better. Can we see Macy's and kohl's stocks for the holiday because that definitely -- the area of the market that was among the leadership yesterday.
MCDOWELL: That and the financial records.
BRENBERG: Macy's and target are part of the Alibaba sale, you can actually get through the Alibaba site, you can go in and have a virtual tour of Target Stores, Macy Stores. So, US retailers, also very interested in what's going with singles day.
BARTIROMO: Let's talk Disney for a second. The stock is looking up today mostly due to loss in advertising revenue at ESPN. This is obviously the sports power house of the industry. More Americans are cutting the cord. Can Disney turn it around in terms of ESPN ad revenue?
BRENBERG: I think so. They are looking at partnerships with Hulu and AT&T, they need channels to reach millennials. They saw seven million subscribers lost between 2013 and 2015 it is a big issue. They've lost ad revenue from the fantasy sports betting. They haven't had much of that. They can move but they have to have different channels.
BARTIROMO: A lot of sports deals expire in 1919 and somebody made a really interesting comment to me recently, don't think amazon is not going to be there to potentially do a deal and buy Monday night football, Sunday night football. Amazon is there and they want life programing and they want sports, we don't know if ESPN's going to get it.
MCDOWELL: What do I have in my home right now Amazon fire that's got all my apps on it and at the moment I'm not paying for satellite or cable.
BARTIROMO: I interviewed Shari Redstone recently and I asked her this, and she said, they may very well be there.
MCDOWELL: They've got to coin and Jeff Bezos is willing to take risks. Look at what he paid for the top-gear guys, he paid like a princely sum to bring the guys over from the UK.
BARTIROMO: Look at ad revenue at ESPN. Sports is the juggernaut but even ESPN has not been immune to this court cunning going on.
GABRIEL: Well, it's interesting we talk about millennials getting into cable less and doing more streaming video and Disney did announce this potential deal to acquire Bam Tech which is streaming videos, the tech but everything is going stream video, that's what the millennials are doing and Dagen is using more streaming.
BARTIROMO: She watches stream all of the time.
MCDOWELL: What do I stream, I stream fox news and fox business, I was streaming it. I was walking around with my IPad; I was like in the kitchen cooking watching the election results at midnight.
BRENBERG: But the question is can ESPN get there fast enough because 2019 is coming and the NFL as Amazon is a better bet here. How quickly can they ramp up in these initiatives to reach millennials. It's going to be tough for them.
BARTIROMO: We will take a short break, Donald Trump setting sights on cabinet, national security concerns could frame choices of advisers, whether he talk about it. Warren Buffet's pick for president did not win but he is still having a good week. Shares are hitting record highs, back in a moment.
(COMMERCIAL BREAK)
MARIA BARTIROMO, FBN HOST: Good Friday morning everybody. Welcome back. Thanks for being with us. I'm Maria Bartiromo and it is Friday, November 11, Veterans Day.
Your top stories 6:30 a.m. on the East Coast.
President-Elect Donald Trump calling it a fantastic day in D.C. yesterday - - the soon to be 45th president of the United States -- met with Republican leadership on the Hill and promised to work together for the American people.
(BEGIN VIDEO CLIP)
REP. PAUL RYAN (R-WI), HOUSE SPEAKER: We had a fantastic productive meeting about getting the work (inaudible) and going to work for the American people. Donald Trump had one of the most impressive victories we have ever seen. And we're going to turn that victory into progress for the American people.
And we are now talking about how we're going to hit the ground running to make sure that we can get this country turned around and make America great again.
DONALD TRUMP (R), U.S. PRESIDENT-ELECT: I think we're going to do some absolutely spectacular things for the American people --
(END VIDEO CLIP)
BARTIROMO: Social media paying a huge part in the election of Donald Trump but did it harm the political process. Why Facebook CEO Mark Zuckerberg is defending his company's role in the race for the White House this morning.
Billionaire investor Warren Buffett bet big on Hillary Clinton but it is Donald Trump's victory that is making him big money. The details as Berkshire Hathaway shares hit an all-time high.
Futures showing the markets are headed for a lower opening this morning despite the Dow closing at a record level yesterday. We're seeing a bit of a pullback after what has been a record-setting week this week.
And in Europe markets are mostly lower this morning. The FT100 leading the losses -- take a look. Down better than 1 percent although Germany's DAX index is up a fraction, 20 points higher there.
Markets in Asia mixed -- take a look. The Hang Seng index the worst performer in Hong Kong down one and a third percent there. Nikkei average higher as was Shanghai in China.
A great deal on a new car for the holiday season to tell you about -- the cash you will need to get behind the wheels of one of the most expensive cars ever sold. It's pretty good-looking too.
Plus the weekend box office could be out of this world. The details as aliens come to theaters come to theaters near you this weekend.
New York and New Jersey bombing suspect Ahmed Rahami appeared in court yesterday for the first time to face terrorism charges. Rahami was arraigned last month on charges related to the attempted murder of police officers who captured him in Linden, New Jersey back on September 19, you remember. He intends to plead not guilty.
Joining us right now Fox News national security analyst, member of Donald Trump's national security advisory committee, K.T. McFarland. K.T. -- good to see.
K.T. MCFARLAND, FOX NEWS NATIONAL SECURITY ANALYST: Great to be with you.
BARTIROMO: Well, this as President-Elect Donald Trump begins his transition into the White House, looking to fill some key national security posts.
First a word on Rahami -- what are your thoughts?
MCFARLAND: You know, terrorism and political correctness don't go together. And that's the bottom line here is that we are going to see an increased terror threat in the homeland. And until we drop the political correctness and start taking advantage of the new metadata analytics ability we have to spot people who are going to be terrorists and spot them quickly afterwards we're never going to get ahead of it.
And the example that everybody should pay attention to is Europe. Open borders, multiculturalism, gutted defense and intelligence budgets for a generation and what do you have, a terrorist incident in every major capital once a week.
BARTIROMO: Wow. But you think Donald Trump will do that? You think he will drop the political correctness --
MCFARLAND: Absolutely. Do you have any doubt about that? He will definitely drop political correctness and he'll do whatever it takes. And he will also protect the military and the police.
DAGEN MCDOWELL, FBN HOST: But you do see at least a softening of tone? There was a report that on the Trump Web site that they have removed what - - when they were talking about banning Muslims coming to the country.
BARTIROMO: Yes. I saw that.
MCDOWELL: That's been taken off -- taken out of the Web site. So there's definitely -- you see a campaign now moving into a presidency.
MCFARLAND: But you see Donald Trump moving into a presidency. To see what he did yesterday when he was in the Oval Office with President Obama he looked like he belonged there. And I think that what you've seen --
MCDOWELL: He sure does now.
MCFARLAND: -- he sure does now. And you don't have any -- this is the biggest political earthquake in 200 years. Donald Trump is going into the White House as the only president since George Washington who doesn't owe anything to anybody --
BARTIROMO: Wow.
MCFARLAND: -- and he has just taken down the political establishment, the governing elite, the mainstream media, the two biggest political machines that have dominated American politics for over generation and its Donald Trump and who does he represent? The American people.
BARTIROMO: Extraordinary.
LEA GABRIELLE, FOX NEWS CORRESPONDENT: One of the things that's interesting about military strategy is that one of the first steps is basically striking some fear into the hearts and minds of the enemy. And this entire election we've heard do you want Donald Trump to have the nuclear codes? Well, guess what, Russia, China, North Korea -- now he has the nuclear codes.
MCFARLAND: Well, and also I mean it's funny to watch -- -sometimes he will throw a lot out there and people immediately react. Like NATO -- he said well, you know, these guys aren't paying their fair share. And so the immediate reaction was how dare you say this. This is the NATO alliance. We can't even possibly -- and you know what happened within a couple of days. The experts are saying well, you know he actually has a point. They're not paying their fair share.
BARTIROMO: And they looked at it.
MCFARLAND: And they looked and what happened after that? The Germans increased their defense budget.
BARTIROMO: That was incredible.
Would you join Donald Trump's administration? Are you expecting to have a role?
MCFARLAND: Well, look -- you know, it is not about me. It's about him and it's about what he's done. And I must say from the very beginning, I've been supportive of his policies. I think we have lost wars in the Middle East that we should never have lost.
I think we have had a policy towards China where we have said we don't pick -- Hillary said we don't pick a fight with our banker. We can't be tough.
And with Russia, the reset is just simply to the point where we now have a new cold war. So yes, I think everyone of those things makes sense. And I'll tell you, anybody would be honored to serve in this revolution.
BARTIROMO: Yes, it sure is a revolution.
So as President-Elect, now Donald Trump is receiving the same classified daily intelligence briefing as President Obama receives. What does that mean? Is he prepared to handle this top-secret information? Tell us how you feel.