MARIA-00
Jump; Deadly School Bush Crash; College Takes Down Flag; Baby Food and
Gravy Recalls; Investing In Diamonds. President-elect Donald Trump lace out
his plan for his first 100 days in his administration; Market coming off a
record day on Wall Street; Starbucks playing Grinch this holiday, the
price increases that are hitting consumers by surprise for your coffee;
And all that glitters isn't always gold, why more investors are taking a
shine to diamonds - Part 2>
Anderson, Rahul Kadakia, Lea Gabrielle, Lea Gabrielle, Dagen McDowell,
Cheryl Casone >
BARTIROMO: And apparently, Amazon is going to be there, too.
CRAWFORD: Yeah. Yeah.
BARTIROMO: And so, Amazon wants to buy football. So, we'll see about that.
CRAWFORD: We'll see. It's a hefty price tag these days. Yeah. It's a brand.
BARTIROMO: Sure. Casey, great to see you.
CRAWFORD: Maria, thank you so much.
BARTIROMO: Congratulations to you.
CRAWFORD: Thank you so much. I appreciate everything.
BARTIROMO: Yeah. What a smooth transition. We'll be watching Movement. Thank you.
CRAWFORD: Appreciate it, Maria.
BARTIROMO: Casey Crawford there. Just ahead, first 100 days in office, Sean Hannity will be with us to talk about his interview with Vice President-Elect Mike Pence last night on the Trump administration's plan to hit the ground running.
Then a very Merry Christmas from Starbucks to customers. How much the company is hiking prices this holiday? Back in a minute.
(COMMERCIAL BREAK)
MARIA BARTIROMO, MORNINGS WITH MARIA HOST: Good Tuesday morning, everybody. Welcome back. I'm Maria Bartiromo. And it is Tuesday, November 22nd. Your top stories right now, 8:30 AM on the East Coast, President-elect Donald Trump lace out his plan for his first 100 days in his administration, he is continuing to shape that administration. This week, Vice President-elect Mike Pence says Trump's critics will be impressed with how he's handling these decisions.
(BEGIN VIDEO CLIP)
MIKE PENCE, U.S. VICE PRESIDENT-ELECT: To see the way our president-elect is asking the tough questions, he's driving forward, he's assembling a team around him. We've got a 100 day agenda to do exactly what you said in your monologue, the president-elect and I met with members of congress, leaders in the congress.
(END VIDEO CLIP)
BARTIROMO: We are breaking down the president-elect plans including a trillion-dollar investment that could revamp the countries infrastructure. Market coming off a record day on Wall Street, and the buying continues this morning, the Dow, the NASDAQ, S&P 500, and the Russel 2000 indices, all close in new highs yesterday. We're looking at more gains today, the Dow Industrial likely to hit 19,000 levels at the opening of trading with a gain of about 50 points at the open.
Global markets also on the rise. In Europe, mining stocks are leading, there the top performers, and you've got the FT 100 in London, and the CAC quarante in Paris, up more than 3/4 of 1 percent. In Asia, overnight, take a look, the Hang Seng index the best performer up 1.5 percent, but they were gains across the board in Asian markets. Starbucks playing Grinch this holiday, the price increases that are hitting consumers by surprise for your coffee, we will tell you about. And all that glitters isn't always gold, why more investors are taking a shine to diamonds, we will tell you about the value of diamonds.
President-elect Trump, meanwhile, focusing on infrastructure in a big way, in an exclusive interview with Sean Hannity last night, Vice President- elect Mike Pence explained how congress could pay for a one trillion-dollar infrastructure plan. And that was one area that Sean Hannity said he was concerned about. Joining us right now is the host of Hannity, Sean Hannity himself joining us on the phone. Good to talk to you Sean, thanks so much for calling in.
SEAN HANNITY, HANNITY HOST: Hey, Maria, how are you? It's always good to watch your show. What's going on?
BARTIROMO: Thank you. Well, we watched your interview last night, great interview with Mike Pence. He's proposing this big spending by saving money elsewhere, what do you think about this? I know that you raised the flag and concerns last night during your interview, but a trillion dollars in infrastructure spending, could it jump-start the economy? It's not exactly what conservatives wanted to see.
HANNITY: Yeah. You know, look, it's certainly we have infrastructure issues, you need to rebuild roads, and bridges, and schools, et cetera, there's no doubt about it. I just wanted to get the economy going first and basic components. If Donald Trump lowers the corporate tax rate to 15 percent, allows trillions to be repatriated, if he gets rid of Obamacare, and as he said in his video yesterday, moves towards energy independence, all of that points to massive economic growth and job creation. And hence, you will see an influx of new money into the federal government. And yeah, certainly could be used for infrastructure, and (INAUDIBLE) worry, that any time you save some money, it's going to spent through Washington, half of it are going to get lost through the bureaucracy. And what I was trying to get out of Governor Pence, who I like a lot, is there a way to bypass all of the bureaucratic red tape, and all of the committees, and all of the ways the money are going to be spent, and get the money directly to the projects that are needed and necessary, so you actually get a trillion dollars. Now, we've got to pay for it as we go, this president accumulated more debt than all 43 presidents before him combined. You can't not pay attention to the debt, you know, interest rates are low now, but at some point they're going to go up. When they do, that's going to be a lot more money (INSUDIBLE) American people.
BARTIROMO: Yeah. I think the rollback of regulation is real important because small business in particular has been getting just.
HANNITY: Hammered.
BARTIROMO: . hammered, yeah, from Dodd-Frank, to the EPA, and Obamacare.
HANNITY: Yeah. Listen, you and I are in full agreement about that. Look, I would argue that in the first 100 days at least 90 percent damage that Obama has done in the last 8 years, is going to wiped off the books. But there's so much of what he has done has been through regulation, illegal, unconstitutional, executive orders, et cetera, so -- you know, especially on the issue like energy for example, Donald Trump mentioned fracking, he mentioned shale oil, he mentioned drilling, he mentioned clean coal energy, all of that -- number one it had the added bonus of making us energy independent, it's the lifeblood of our economy, and it is good for national security as we are not dependent on foreign countries that hate our guts, or that lifeblood. So I think it's really, really a crucial component towards economic growth. And it's also something that can help our allies, you know, for example, Western Europe is beholden of Vladimir Putin, he ever turns off the spigot of energy they're in trouble. So if we get energy production up to a high level, we probably have potential to even export some of these energy resources, in which we have, you know, 200 years at least for.
BARTIROMO: Yeah. Here's Dagen.
DAGEN MCDOWELL, FOX BUSINESS NETWORK: Sean, hey, it's Dagen. Thanks for coming into the studio today.
(LAUGHTER)
Seas: You know, Dagen, why do I like you so much. We have to go back to our ask Paul segment where you beat me up every night.
MCDOWELL: Right. And I actually enjoyed that. I'll come on any time. Hey, Sean, what about -- you mentioned corporate tax cuts, and the repatriation at that 10 percent rate, what about the individual tax cuts should Trump push to do both of those at the same time?
HANNITY: A hundred percent, seven brackets to three, under Trump's plan -- which, by the way, it's very similar to where we are now, half of all workers will not pay a single penny in Federal income taxes. You know, we barely have redistribution of wealth. You know, the top 1 percent pays 70 percent of the tax bill, top 10 percent pays 70 percent of the tax bill (INAIDIBLE), nothing. So, Dagen, look, yes, we need to (INAUDIBLE) if we can simplify tax code, seven brackets to three. But I think the most important to us of his economic plan we need one of the lowest corporate tax rates in the world. It's a myth that corporations pay taxes, they pass on those costs to consumers. That's an additional tax on us. But more importantly, if you add a lower corporate tax rate at 15 percent and repatriation a trillion, what that means is we're incentivizing multinational corporations to set up shop right here in America. And I would even go a step further, as Trump is saying, OK, trillions of dollars partly Belize, and the Caymans, and all these tax havens, you bring it back here, you invest in infrastructure, and factories, and manufacturing centers, if you do that maybe even should offer them a lower tax rate if you invest X trillion of dollars in Milwaukee, or Detroit, or cities that are dying to rebuild factories and manufacturing centers, why not get an additional tax incentive?
BARTIROMO: Yeah.
HANNITY: What if Instead of a 10 percent repatriation tax, what if 5 percent?
BARTIROMO: Oh, they'll bring the money back, that's for sure. Go ahead, Jon Hilsenrath.
JON HILSENRATH, THE WALL STREET JOURNAL: Tell us more what you got out of Pence last night, where do you think his priorities are going to be based on the conversation you had with him last night.
HANNITY: You know, between Donald Trump's (INAUDIBLE) last night -- he beat the living daylights out of the top media executives that was so biased, colluding with the Clinton campaign to help get her elected as revealed by WikiLeaks. So I kind of enjoyed that a lot yesterday. But what I got out of between Trump's tape and my interview with Mike Pence is these are guys that are moving forward with their promised agenda. And to be see the key to a successful president is Donald Trump is going to be, OK, he's got to follow through on tax plan, follow through on his energy plan, repeal and replace Obamacare, education back to the states, he's got to build that wall, extreme vetting, these are all basic, basic promises. He's got about 8, 9 things, very specific things. If he does them, they'll be good for the economy. Very reminiscent of both John F. Kennedy, reminiscent of Ronald Reagan, he has probably a 6 month window to get all of this done. And it looks like, they're very ambitiously moving forward with every one of those agenda items.
BARTIROMO: Yeah, yeah. And he's got both houses of congress to get it through, so he's got a really.
HANNITY: Yeah. But he's going to face -- listen, Chuck Schumer, all these Democrats, they're plotting, scheming, planning right now to see whatever they can do to stop Donald Trump's agenda.
BARTIROMO: Well, they're in disarray. Sean, the Dems are in disarray. I mean, they're all rallying around Keith Ellison. They're still ignoring what the American people want.
HANNITY: You know -- Maria, I called this the forgotten man, the forgotten woman election.
BARTIROMO: I know that.
HANNITY: . I'll tell you why. And I'll tell you this is really important, because if people want to understand why these blue states went red, all you have to do -- I spent an entire year repeating myself, Maria, 95 million Americans out of the labor force, 13 million more on food stamps, 8 million more in poverty, the lowest home ownership rate in 51 years, the worse recovery since the 40's, and we doubled the national debt. That is why this election went down the way it did.
BARTIROMO: A hundred percent.
HANNITY: Donald Trump.
BARTIROMO: Yeah. And yet, they're still talking about climate change.
(LAUGHTER)
BARTIROMO: And trading gender bathrooms. I mean, hello.
HANNITY: You know, honestly, the person that's out of a job, in poverty, or in food stamps, if Trump gets this economy going, and if he would have followed through -- I'll say this, I'll step out of sight. If he does these agenda items we will see the greatest period of peacetime economic growth, assuming we have peacetime in the modern era.
BARTIROMO: Yeah.
HANNITY: It would be a real boon for the economy. Look, I even sense that Wall Street -- you know I'm not a big fan of Wall Street, I just am not, I think to the average person that's on the outside, unless you have a 10- year plan and you're willing to stay all-in, and go through the wobbles and the ups and downs, it's not my favorite investment.
BARTIROMO: Yeah.
HANNITY: And -- but Wall Street is obviously responding really well to a Donald Trump's presidency and his economic plan. But, at some point to, America has to absorb higher interest rates, they've been held down for far too long by a -- I'm not that fond to the Fed either, so that's another issue for another day.
BARTIROMO: Well, just to be clear, a lot of people do have 10-year plan with money in the market and they don't even realize it because they got their money in the 401K.
HANNITY: Yeah. Look, I just urge people -- you know, my money guru that I call, you know, he says, look, if you need this money in 10 years don't put it in the market, put it in a safer investment. And I'm not the investment expert, I leave that to you, and Stuart, and -- even Dagen, I mean, I trust Dagen.
MCDOWELL: What do you mean even Dagen?
BARTIROMO: That's a smack, hey.
MCDOWELL: I've been covering -- for 20 some odd years, Sean.
HANNITY: Dagen -- look, Dagen, I don't think this is best place. You know, I don't know what it is. I'm a bricks-and-mortar. I want to touch and feel.
BARTIROMO: Yeah.
HANNITY: Where my money is. I just want to know.
BARTIROMO: I get it.
HANNITY: I feel comfortable with that. But everyone should find their comfort zone. Diversification, obviously is key. Look, you guys cover this every day. You know the markets. I learned a lot watching your show.
BARTIROMO: Thank you.
HANNITY: I really do.
BARTIROMO: Well, look, we're looking at a rally continuing this morning, that's for sure. Ever since this election, this has been.
HANNITY: Are we at 19,000 yet?
BARTIROMO: I'm sorry -- well, we're going to be at 19,000 today, probably. We'll probably reach 19,000 on the Dow today. We're just about 50 points away, and we're going to be up 50 points. So there you go.
HANNITY: All the numbers are looking up
BARTIROMO: At some point, things will turn around. We know that. Sean, good to see, thanks you so much for joining us.
HANNITY: See you, guys, talk to.
BARTIROMO: OK, we'll see you tonight.
HANNITY: Bye, Dagen.
MCDOWELL: Bye, Sean.
BARTIROMO: Coming up, President-elect Trump choosing a different platform to outline his plans for his first 100 days in office. Stuart Varney will weigh in on Trump's YouTube message. And then a jolt for Starbucks customers, the coffee chain is hiking prices big time, just in time for the holidays. Merry Christmas.
(COMMERCIAL BREAK)
BARTIROMO: Welcome back. We're 45 minutes from the opening bell. The markets are expected to open higher, once again, at a record high, all four major averages hitting all-time highs yesterday. Take a look at some of the names we're watching, Tyson Foods will not be participating in the rally, the stock is under pressure, as the company announced its CEO, Donnie Smith, will step down at the end of the year, the move coming as company fiscal fourth quarter profits missed expectations. Tyson's president, Tom Hayes, will replace Smith as CEO. We're watching Starbucks today, the company is raising prices for the second time this year. Now, no explanation, but the cost of some bakery items and cold drinks such as the popular cold-brew are going to be up in price between 10 and 30 cents each. Starbucks shares edging lower -- actually, no, it's really flat on the session. Turning to White House right now, the White House, President- elect Donald Trump usually makes announcements on twitter, but this time he took to YouTube to detail his plans for his first 100 days in office. Stuart Varney joins me now to weigh in on that. Stu, good morning.
STUART VARNEY, VARNEY & CO. HOST: I like it, Maria. I mean, who -- what's not to like here? It's a very -- it goes over the heads of the media. The media essentially hates Donald Trump, he doesn't trust them. So he takes to YouTube and goes right over the top of them. No nasty silly probing questions from juvenile journalists. Oh, no, he goes straight at the people, like you and I, and our viewers, he's talking straight at you. And it's very direct, 2.5 minutes and he covers 5, count them, 5 major areas of policy, and he says I'm going to do it, very refreshing. It's a can-do presidency, some life action presidency, and frankly, I love it.
BARTIROMO: Well, I mean, I wanted to be a fly on the wall in that meeting yesterday. What do you think went down when he had all those media executives there at Trump Tower yesterday?
Stu: Well, that would be a leading question now, won't it, Maria? It was off the record, and we did have people from Fox there, so I don't know what happened, I just read the New York Post occasionally.
BARTIROMO: Well, Dagen has a few ideas, don't you, Dagen.
MCDOWELL: It's on the front page of the New York Post, said the headlines has beat the press, where Donald Trump allegedly looked at the head of another network, not associated with Fox, and said I hate your network, everyone is a liar, you should be ashamed.
Stu: Remember, I'm a founder of that other network, along with Lou Dobbs, and you, Maria. So, go ahead, Mr. Trump, you say what you like.
BARTIROMO: Wow. Well the network has changed since our days at CNN, that's for sure.
Stu: Totally changed, yes.
BARTIROMO: Big time.
Stu: It's now the Clinton News Network, was, is, and will be forever more. But that's just the way it is.
BARTIROMO: Stu, we'll see you in about 10 minutes.
Stu: Yes, you will.
BARTIROMO: . lots to come in Varney & Co. this morning, I know. And Varney & Co., begins at 9:00 AM Eastern, right after Mornings With Maria. Stuart, thank you, we will see you 10 minutes. Coming up, diamonds more than a girl's best friend, why the gems are rock-solid asset for investors. Stay with us.
(COMMERCIAL BREAK)
BARTIROMO: Welcome back. On this program, we talk about all different kinds of investments, stocks bonds, exchange traded funds, commodities, what about some rock hard assets? Christie's auction house seeing diamond prices hit record highs, and demand is still heating up. We want to bring in the editor-in-chief of the Robb Report, Brett Anderson, and Christie International head of jewelry, Rahul Kadakia. Good to so you, gentlemen, thank you so much for joining us.
BRETT ANDERSON, ROBB REPORT EDITOR-IN CHIEF: Thanks for having us.
BARTIROMO: And one thing about diamonds that I remember is that the value holds, but I want to start with that, Rahul, tell me about that, do diamonds hold their value?
RAHUL KADAKIA, CHRISTIE INTERNATIONAL HEAD OF JEWELRY: Very much, so. They hold their value and they continue to increase over time. Takes time, you know. You cannot buy a diamond this morning, and hope for it increase later in the day or at the end of the week, but over a good period of time, they will increase a lot.
BARTIROMO: Why? Why do they hold value so well?
KADAKIA: It's only so many of them around. It's only so many diamonds, and so many of them in large sizes and fine colors. And everybody who wants to make good investment, not have the money sitting in the bank, not making any interest, or have something more portable, you have diamonds.
BARTIROMO: Clarity is what's most important, is that right?
KADAKIA: Color and clarity.
BARTIROMO: Color and clarity.
KADAKIA: Absolutely.
BARTIROMO: What do you see? Do you see a big interest from your clients in terms of -- when the Robb Report has a fantastic, you know, upper end clientele, are they interested in diamonds?
ANDERSON: Absolutely. I think you have a number of different reasons for investing in them, obviously, diamonds are beautiful, they make human moments and memories, but they're also these snapshots of geological time, I mean this timeless beautiful things. And so, people gravitate towards them personally. But also, as Rahul mentioned, portability, scarcity, and demand, because demand creates liquidity, which is important as an investment consideration.
BARTIROMO: Do you see that demand increasing right now?
KADAKIA: Yes, when I started working at Christie's 20 years ago, a big jewelry auction was 20 million dollars. We'd just had an auction a week ago in General, it was a $100 million. And we're selling the same product, the same amount of items, but it value that's gone up.
BARTIROMO: So who's buying them, who's the customer?
KADAKIA: It's all across the board, Middle East, Russians, South American customers, and established buyers from Europe and America.
BARTIROMO: And so you haven't seen, you know, as this election has taken place, and as this focus in America has become -- more on America, have you seen any of that drop off from foreign buyers?
KADAKIA: Not yet. You know, we had an auction where we sold an $18- million pink diamond, sold to a customer in Asia, didn't change anything.
BARTIROMO: What are we looking at right here?
KADAKIA: These are highlights from our auction in New York, on December 7th. And we have on the far right, to my right, a 51 karat D-color diamond, that's being priced between $5 and $7 million.
BARTIROMO: Wow.
KADAKIA: We have on this side a 12.8 karat, almost 13 carats, intense original pink diamonds, sort of a peach colored diamond by Harry Winston. And in the center is a very nice wreath necklace from the 1960's. That was made especially for Betsy Bloomingdale.
BARTIROMO: What will that auction for?
KADAKIA: The estimate is 4 to 600,000, but I think it will climb towards a million dollars.
BARTIROMO: Wow. And in terms of your readers right now, Brett, tell us what they're thinking with regards to diamonds.
ANDERSON: Color diamonds are a great interest to our audience right now. For the reason that Rahul said, I mean, all diamonds are scarce.
BARTIROMO: Like yellow, red.
ANDERSON: Red, green, blue, among the rarest. And the supply of that is even smaller. So from an investor perspective, and even more portable because they're typically valued at more per karat than some other stones. So we've seen a lot of interest in color diamonds, they're also beautiful.
BARTIROMO: By the way, where are those mines, the color diamonds? Do you know where they come from?
ANDERSON: Different parts of the world, the mine that's most discussed because red diamonds are among the rarest stones, it is the Argyle Mine in Western Australia. And we talked a bit about that in the article we did on November on investment, because that mine is scheduled to be depleted by 2020. So the supply of red diamonds is extremely small.
BARTIROMO: Really fascinating stuff. Brett Anderson, Rahul Kadakia, good to see you both, thank you so much, gentlemen. We'll be right back. We've got final thoughts from our all-star panel, next. Stay with us.
(COMMERCIAL BREAK)
BARTIROMO: A real quick final thoughts. Great show so far, Lea Gabriel?
LEA GABRIELLE, FOX NEWS CONTRIBUTOR: Well, I would love to be a fly on the wall in the Trump residence to hear what he's thinking right now. Would he really consider someone like Romney for one of his positions?
BARTIROMO: Yeah, we would all like to know what that's all about. Jon Hilsenrath.
HILSENRATH: Dow 19,000, is it can be able to stay above those levels
BARTIROMO: Oh, we'll see about that, Dagen.
MCDOWELL: And men don't let lace con you in thinking that engagement rings are good investments, they're not. If you love her, that's fine. But it's not an investment.
BARTIROMO: Have a good day, everybody. We'll see you tomorrow. "VARNEY & CO" begins now, Stuart.
END
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(Show: MORNINGS WITH MARIA) (Date: November 22, 2016) (Time: 07:00:00) (Tran: 112202cb.231) (Type: SHOW) (Head: First 100 Days for Trump; Trump Cabinet Picks Still Up in the Air; Trump Vows TPP Withdrawal; Who Pipeline Protests Continue; Mile High Perk) (Sect: News; Domestic)
(Byline: Maria Bartiromo, Dagen McDowell, Lea Gabrielle, Cheryl Casone, James Rosen )
(Guest: Jon Hilsenrath, James Woolsey, Todd Buckles, Casey Crawford )
(Spec: Stock Markets; Politics; Economy; Policies; Terrorism; Government; Trade; Protests; Sports; Business; Police; Violence; Donald Trump)
(COMMERCIAL BREAK)
MARIA BARTIROMO, FBN ANCHOR: Good Tuesday morning everybody. Welcome back. I'm Maria Bartiromo. And it is Tuesday November 22.
Your top stories at 7:00 a.m. on the East Coast right now.
President-Elect Donald Trump sending a message to all Americans about his first 100 days in office.
(BEGIN VIDEO CLIP)
DONALD TRUMP (R), U.S. PRESIDENT-ELECT: I want the next generation of production and innovation to happen right here on our great homeland America creating wealth and jobs for American workers.
As part of this plan I have asked my transition team to develop a list of executive actions we can take on day one to restore our laws and bring back our jobs.
(END VIDEO CLIP)
BARTIROMO: Some of the key issues the President-Elect plans to address -- trade and rolling back regulations. Those ideas helping drive stocks higher once again.
Markets are coming off of a record day on Wall Street. The Dow, the Nasdaq, S&P 500 and the Russell 2000 indexes all closing at new all-time highs yesterday. We're looking at more gains right now. The market is poised to hit 19,000 for the Dow Jones Industrial average right at the opening of trading with another 50-point rally expected at the open. The Nasdaq expected to be up 22 points. S&P also higher by a third of a percent right.
Global markets also on the rise. Check out the European indices. Mining stocks among the top performers there. FT100 in London up better than 1 percent right now.
And in Asia overnight gains across the board there as well. As you will see the Hong Kong Hang Seng index up 1.5 percent. That was the best performer.
Apple back for Black Friday. The technology giant hinting at holiday deals after skipping the sales last year. We will tell you what deals are on tap.
And Instagram gets into disappearing live streaming. Details on the new updates to the app and how it's trying to overtake Snapchat. Big competition there.
Amazon makes a play for sports programming. The "Wall Street Journal" reporting that the technology giant has held talks for live game rights. How that could shake up the industry when the restrictions come up in the next couple of years.
Plus, how about cheetos-themed jewelry -- The company creating a pair of earrings and a ring for $20,000. Yes, cheetos. We will tell you about it.