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European markets on edge this morning. We've got big elections this weekend. Key votes happening in Italy and Austria. The major markets down as you see there. The CAC Quote Paris, worst performer. Down about one a quarter percent.
In Asia overnight, decline across the board there as well. And the worst performer was Hong Kong. The Hang Seng index down, one a third percent.
And everywhere you look, everywhere you go there's a heart. Why the creator of the iconic series "Full House" is opening its heart and its wallet to a piece of the show's history. We will bring it to you.
President-elect Donald Trump thanking voters in his first public rally since the election that happened last night. A key message, put America back to work and first.
(BEGIN VIDEO CLIP)
TRUMP: From now on, it's going to be America first. We seek peace and harmony with the nations of the world but that means recognizing the right of every country including our own to look after its citizens. Americans must ignore the pessimist and embrace the optimism that has always been the essential ingredient of the American character. We have many challenges but this is surely an exciting time to be alive.
(END VIDEO CLIP)
BARTIROMO: He went on to say that global is wonderful. But right now, we want to focus on our international community. Frank Luntz is with us this morning.
And, Frank, that was a message that he delivered throughout the campaign. What's your take on this "Thank You" tour?
FRANK LUNTZ, POLITICAL CONSULTANT: First thing is that he's out with the public. And I think that's brilliant. The more that he interacts with them, that's where he gets his energy.
I would ask him to go to a state that he didn't win. I don't think it's just a "Thank You" tour. I think he has to represent all of Americans. So pick somewhere in California perhaps that didn't vote for him. But the language -- and I'm watching this. There's so much of this taking from the democratic playbook and yet republicans are not only accepting it but they are embracing it.
BARTIROMO: Like what?
LUNTZ: The whole thing about the factory. The whole thing about defending jobs in this country and not letting companies ship their jobs overseas. That was an Obama line that now Trump has taken. And what's happening, and I never dreamed I would say this, is that he's actually redefining what it is to be a republican and just maybe this is one of those transformational elections that last for decades.
BARTIROMO: Wow. Well, certainly as the democrats are not doing anything about it. I mean, like we said earlier with Tucker Carlson, they're still talking about transgender bathrooms and climate change.
LUNTZ: They don't understand the priorities of the American people. They're making a big mistake in how they communicate and they are possibly electing for their DNC chairman, someone who's of the politics of the 60s rather the 21st century.
BARTIROMO: And then they voted and once again, Dagen, Nancy Pelosi.
DAGEN MCDOWELL, FBN HOST: Which is completely insane. I understand that she is a great fundraiser. But she does not represent the direction of this country. And the fact that they're still -- that she still the torchbearer of the democrats in the House is almost unthinkable.
But there something about Donald Trump and what he's talking about. The markets have been off to the races. It's not even hope, it's the expectation that corporate taxes get cut. The individual income taxes get cut, regulations roll back which she have talked about over and over again.
But when Trump starts talking about penalties on U.S. firms if they move jobs overseas and consequences at some point investors will become nervous about that. I don't know when that will be. But those kinds of protectionist policies, in the Wall Street Journal editorial page today, have a scathing editorial about it.
BARTIROMO: Yes. And the headline in the Journal today, Trump warns companies on jobs -- companies on jobs.
JOANIE COURTNEY, PRESIDENT AND CHIEF OPERATING OFFICER, EMPLOYBRIDGE: Yes and I think that's the way that they're going to -- if he keeps saying things like that where the message about him bringing jobs back to America and creating jobs in America is a much better message than saying, I'm going to threatened or if there's going to be penalties for U.S. employers.
BARTIROMO: Because the way he's saying it.
COURTNEY: It's the way he's saying it. But I think ultimately, his message is I'm going to make America great again. We're going to fix the economy. We're going to make it advantageous for employers to hire people and to create jobs here.
We're going to make it more affordable (inaudible) the American worker.
MCDOWELL: It's a quote in the Wall Street Journal, America won't become more prosperous by forcing companies to make non-economic decision. And they warned conservatives about what happened under Richard Nixon. Wage and price controls and creating the EPA. And many of them got behind Richard Nixon because he was a republican and they came to regret it later.
BARTIROMO: Well, it's an impossible thing to think you can tell a company, oh, don't have a factory in China. Don't have a factory in Mexico. I mean, if you've customers in Europe, you've got money in Europe, you've got to have a factory or something in Europe. But he's also not necessarily just saying don't do it, but he's saying do more in America.
I mean, I think that's his point.
LUNTZ: It's accountability. They've become (inaudible) they get all bent out of shape about Hillary Clinton during the debates and he was going to hold her accountable for what she had done and now he's doing the same thing with corporations.
This is the number one attribute that the American people wants from Washington. Accountability. They felt that it hasn't happened at Wall Street, hasn't happened in the nation's capital. And they are loving that Donald Trump is saying, if you do X then Y may happen to you. We haven't that accountability in Washington in decades.
BARTIROMO: Well, that's definitely one the things that --
COURTNEY: And employers also need incentives, I think tax incentives and other things to help them invest in their business. When we think about when we went through the last three sessions and shed all those jobs, companies were forced to find ways to be more productive and more efficient and they had to reduce cost. And then they were able to do that obviously through technology and other ways. And they didn't bring the jobs back. And some of those jobs did go overseas.
But I do believe there's an opportunity here and I think that Trump and his administration will be able to find ways to drive policies and incentives to get employers hiring again. This could be very good for the job market and the American workers.
MCDOWELL: In terms of messaging though, because I said all along Donald Trump's underlying message was you the individual make the best decisions with your own money, not the government. You the corporate executive, you are the person who makes the best decision about the corporation. But what he said yesterday isn't quite that. Does that get him into trouble at some point?
LUNTZ: It potentially could but I don't know if he's paying as much attention to details. And by the way, we're making one mistake in this whole conversation. We're talking about jobs. Ask the American people like two to one, they want careers not jobs. A job is nine to five. A job is Starbucks. A career is doing what we're doing right here. And the public doesn't want an end.
That is something that if Trump captures that it's just not enough to get you to the nine to five.
MCDOWELL: That's what Ryan was talking about. Stop -- the democrats should stop talking about raising the minimum wage. People don't want to earn the minimum wage.
(CROSSTALK)
BARTIROMO: It doesn't bother me the messaging. I mean, I understand what the journal is saying. But I think he's trying to communicate. It's going to be a better deal for you to do jobs in America. It's going to be a better deal for you to create that factory in America. Not necessarily punishing you not to but we'll see.
I mean, that's why I see it like -- I think it's just in the sense of -- in sense of (inaudible) companies to do business here. But let me tell you that there is some debate about what he's going do now as president versus what he said he would do.
Yesterday, he denounced any doubts about his plan to strengthen the U.S. and Mexico border. Listen to this.
(BEGIN VIDEO CLIP)
We're going to build a wall. People saying, "Do you think Trump is going to build the wall?" Trust me, we're going to build the wall. And by the way, people are going to come through that wall. We're going to have doors in that wall. But they're going to come through legally. And people are going to come through on worker permits to work the fields. We're going to have people, let people going to come through but it's going to be done through a legal process.
(END VIDEO CLIP)
BARTIROMO: And Mexico is going to pay for it. Do you think doubling down on that wall is the right move here?
LUNTZ: He has to do it. We did a focus group for another network and what we found is that Trump voters were prepared for compromise. It's not that they want this 10 foot tall wall. They want a barrier, they want ta fence, they want some sort of technology. They simply want to secure the border and it hasn't been secured up to this point.
Second is that in terms of lobbyist, the public doesn't lobbyist running Washington, but they're not going to get bents out of shape. If a few lobbyists are involved in helping him chooses transition. The key is does he get the principle rights and does he get the execution rights, they will compromise and you're laughing at me.
BARTIROMO: Do they care for Mitt Romney?
MCDOWELL: I was just going to say that.
BARTIROMO: We are so connected. I was just going to say that.
LUNTZ: And I think we're out of time.
MCDOWELL: No. You have to answer that.
LUNTZ: There'll be some people. There will be some people who will be concerned and there'll be others who will say this is what having a team of rivals is all about.
BARTIROMO: At the end of the day, he's the boss. He's in charge. So, I mean people are living over it but - -I think they'll get over it.
COURTNEY: And I think the other thing that's interesting around this whole (inaudible) come back to one thing is you made a great point, Frank. We have to focus also on education and training. Get talent. And Trump has an interesting stance on the H1-B Visa program. He wants to give more of the jobs to the U.S. workers. But I'm telling you right now talk to employers over the last few weeks. They're afraid about what he's going to do with that program that they won't be able to get the specialized skill talent because we may not have it in America. So it's another thing we have to fix.
We're coming up on a big hour 8:00 A.M. we got our jobs in America hour and (inaudible) I think our audience wants to know. This is your business. We want to know what skillsets we need to bone up on to get the job. So I'm going to be asking you that in the next hour. Don't go yet because we've got a big hour coming up. Go ahead, Frank.
LUNTZ: Betsy DeVos as secretary of education is one of my favorite appointments. Company should be breathing a sigh relief because she's going to bring genuine change, accountability and results education, good for him.
BARTIROMO: Coming up next, hold (inaudible) why Trader Joe's is issuing a recall on two flavors of hummus.
And then keeping it in on the family. The (inaudible) from the creator of the iconic sitcom Full House shelled out for pieces of the show's history. We'll tell you next. Back in a minute.
(COMMERCIAL BREAK)
BARTIROMO: Welcome back. A SWAT team rescuing bank robbery hostages in Florida. Incredible story right now happening. Cheryl Casone is on it. Over to you, Cheryl.
CHERYL CASONE, FBN CORRESPONDENT: It was a dramatic turn of events there. A gunman stormed the Credit Union in Jacksonville, Florida and he held 11 people hostages yesterday. After a standoff that lasted for hours, the SWAT team members rushed into the building when two people who been hiding inside that bank escaped.
The suspect 23-year-old Nicholas Humphrey did surrender.
In other headlines this morning, SpaceX is planning to resume flight this month with the satellite launch. SpaceX has been grounded since September when its Falcon 9 Rocket exploded during a routine prelaunch test. You're looking at that video.
The accident destroyed a $200 million communication satellite. If all goes according to plan, a Falcon 9 could return to flight on December 16.
Well, Trader Joe's recalling two kinds of hummus because of listeria fears. The recall involving the Mediterranean hummus and its white bean basil hummus. Both are made by (inaudible) Foods. They contain use by dates to September 15th of this year and have a plant identification code that says see on it. It's the second major hummus recalls. Sabra brands issued a similar one just last week.
And finally, this Full House fans. Listen up. The executive producer of the hit 90s sitcom Full House is the new owner of the real home where the Tanner Family, the fictional Tanner family lived. According to the Hollywood reporter Jeff Franklin who is also producing the updated show Fuller House, bought the San Francisco home for nearly $4 million in one of the first things that you can see in that picture, he turned -- there was a green door from the owners. He painted it red. He's going to do some renovations, maybe he's saying have a cast reunion because, Maria, it's been 30 years next year's that we've had Full House in our lives. Nobody feels old by that story. Back to you.
BARTIROMO: I don't know. Full House. I love that show and my 11-year-old daughter and she loves that show. I mean, she'll watch the reruns and then now they have Fuller House. She just loves it too.
All right. We're going to take a short break.
Coming up live, coverage of the November job (inaudible) we will have the numbers and analysis as soon as the number is released. Where are the jobs in America? Where are the opportunities and what about wages? We will get into it. Stay with us.
(COMMERCIAL BREAK)
BARTIROMO: Welcome back. Made in America. As of 2010, upwards of 80 percent of toys sold in the United Toys are made in china. But Luke's Toy Factory is trying to change all of that.
Joining us right now is the co-founder of Luke's Toy Factory, Evan Achiron who chooses to manufacture in the United States. Good to see you.
EVAN ACHIRON, CO-FOUNDER, LUKE'S TOY FACTORY: Thanks for having me.
BARTIROMO: Thank you so much for joining us. Also joining us is our resident experts on kids, Mike Murphy with six children.
MIKE MURPHY, FOUNDER AND MANAGING PARTNER, ROSECLIFF VENTURES: Thank you.
BARTIROMO: Thank you, Mike for --
MURPHY: I don't know if I have it all figured out yet. But I think that.
BARTIROMO: Who does have it all figured out? OK. So these are ecofriendly toys. Tell us about it.
ACHIRON: So these are ecofriendly toys manufactured in Southington, Connecticut, assembled and shift from Danbury, Connecticut. They are made with 70 percent plastic and 30 percent saw dust which comes from U.S. furniture manufacturers.
MURPHY: How are you able to compete against other companies that are manufacturing in china? How do you get the cost down where you can be competitive?
ACHIRON: Sure. But first of all consumers want quality, right? So American made is sinuous with quality and trust. And I think today between the millennial generation, Gen Xers, and even the boomers were now grandparents, they want quality products for their children.
And so with a lot of -- we've got efficiencies across how we manufacture. So the molding is all made in the U.S. We're able to produce on time. So we're not shipping from across solution. And so instead of placing one big order once a year, we're able to interact with our customers at specialty retailers three, four, five times a year. Get their feedback and then they're able to sell it on to the customer who walks in the door.
BARTIROMO: Well, it's got to be hard because this is exactly what Donald Trump has been talking about, by the way. All these products coming in from China are cheaper. And they're so much cheaper to manufacture. You're manufacturing in Danbury, Connecticut. How do you compete with that?
ACHIRON: Well, we're actually competitively priced for a similar sized product. $20 product, right? We're actually better quality, we're better priced than a lot of toys made in Europe. So I think we're excited about that. We're able to manufacture toys that people actually want.
MURPHY: And you have a great spin on it because it's not just the truck. It's the truck that's --
BARTIROMO: Yes, I love the fact that you get a truck and you could take it all apart and then you just put it back together to make another toy.
ACHIRON: Yes. It's a pretty stacking puzzle.
BARTIROMO: But this is not good for your newborn.
(CROSSTALK)
ACHIRON: The colors are molded in, there's nothing that we chop, there's no glue. Kids can mix and watch the parts and make their own trucks.
BARTIROM: I'm having fun just doing it.
MURPHY: And they're economic -- they're environmentally friendly.
ACHIRON: They are. Right. So instead of incinerating the saw dust that we're reclaiming, we're giving a second life out of this.
BARTIROMO: It has an interesting feel.
ACHIRON: Yes, it's really silky smooth, yes.
MURPHY: Really cool. And so, is there a plan to branch out beyond trucks?
ACHIRON: Absolutely. We're startup with two years old. So these are the first four trucks.
MURPHY: Just to jump in, we were in a venture capital fund. Are you self- funded? Or have you --
ACHIRON: We are. We started with kick starter with the fire truck which was the first concept. And then branch out from there with bootstraps beyond that. We're doing pretty well. We doubled year over year.
BARTIROMO: What are you expecting in terms of small business? Under a Trump administration, do you expect that things will get better the way the market seem to be anticipating?
ACHIRON: We'll see how it goes. I mean, I really -- I can't comment on that. Who knows? I mean --
BARTIROMO: Well, you got to get a better tax rate, right?
ACHIRON: We will and I think we're looking a higher in 2017. Hopefully. So we'll see how things pan out. We're really excited about the future.
MURPHY: One thing you will get is you've seen a big boost to the transportation sector. So if that trickles down where people see more trucks on the road and there's more business being done, people will go out and buy one --
BARTIROMO: That's such a good point. And then kids would want to be construction workers and builders.
ACHIRON: And shipping from overseas is getting a little more expensive and obviously labor in China's going up. So it's going to be harder even for those legacy companies.
MURPHY: I think just one point. I think it's very important you focus on made in the USA.
ACHIRON: Absolutely. That's the selling --
MURPHY: And environmentally friendly also. I mean, that is a big, big point for people.
BARTIROMO: So people will buy just for that reason. Do you see that?
ACHIRON: Because you walk into a toy store and you ask where's your ecofriendly made in America section? And there's maybe two companies.
BARTIROMO: Inserting.
MURPHY: Yes, that's great. Good for you. Good luck to it.
ACHIRON: Thank you.
BARTIROMO: All right. Well, we'll be watching. Good for you. Thank you so much, Evan. Evan Achiron joining us there.
Coming up next hour with Mornings with Maria. We are just over 30 minutes away from the crucial November jobs report. Live coverage of the numbers and analysis coming up next. Stay with us. Back in a moment.
(COMMERCIAL BREAK)
BARTIROMO: TGIF, everybody. Good morning. Happy Friday. I'm Maria Bartiromo and it is jobs Friday, December 2. Your top stories right now 8:00 A.M. on the East Coast.
Renewing and the promise to make America great again. President-elect Donald Trump thanking voters last night and sending a message about jobs and bringing the country together.
(BEGIN VIDEO CLIP)
TRUMP: We spend too much time focusing on what divides us. Now is the time to embrace the one thing that truly unites us. You know what that is? America, America, it's America. Because when America is unified, nothing is beyond our reach. I mean that.
(END VIDEO CLIP)
BARTIROMO: Jobs in focus. Investors are waiting on the November jobs report this morning from the labor department, 175,000 jobs expected to have been added to the economy last month. The unemployment rate expected to hold steady at 4.9 percent. We will get those numbers to you in 30 minutes.
With less than 30 minutes before that report, Futures are pointing to a lower opening for the broader averages. Well off the lowest this morning. Take a look. We're coming off of a record performance in the month of November. Right now, the market looks to be down about 20 points at the open. We'll see about that because it is all about the jobs numbers.
European markets on edge this morning. Key votes this weekend in Italy and Austria with those elections happening in the Eurozone. Major markets there trading lower ahead of that. I should point out that hereto, you're off of bellows in the Eurozone right here.
END
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(Show: MORNINGS WITH MARIA) (Date: December 2, 2016) (Time: 06:00:00) (Tran: 120203cb.231) (Type: Show) (Head: Nokia makes a comeback to the smartphone market. Left is saying corporate has to accept lower profits in the future to help workers. Yellen will raise interest rates just in time. WSJ says government cannot force noneconomic investments. The November jobs report just out, the economy added 178,000 jobs in the month of November. That was slightly better than economist's expectations ) (Sect: News; Financial)
(Byline: Maria Bartiromo, Dagen McDowell, Cheryl Casone )
(Guest: Mike Murphy, CEO, Rosecliff Ventures; Joanie Courtney, COO, Employbridge; Steve Moore, Trump Economic Adviser; Charles Payne, FBN Host; Stephanie Pomboy, President, Macromavens, Peter Barnes, Charles Payne, Mike Murphy, Joanie Courtney, Dagen McDowell, Steve Moore, Stuart Varney)
(Spec: Politics; Government; Business; Economics )
[08:00:00] MARIA BARTIROMO, FBN ANCHOR: Performance in the month of November. The market looks to be down about 20 points. It is all about the jobs numbers. Key votes this weekend in Italy and Austria with those elections happening in the Eurozone.
Major markets there trading lower ahead of that although I should point out that here too you are off of the lows in the Eurozone.
In Asia, overnight declines across the board. The worst performer was Hong Kong and China the HANG SENG index down one and a third percent. The composite down almost 1 percent.
Two Americans die aboard a Royal Caribbean cruise ship. The latest on the investigation this morning. And an unmanned Russian space ship crashes in Siberia. It was headed to the international space station. We will look at it and bring you the details coming.
And Nokia makes a comeback to the smartphone market. With the details on its new offerings coming up. Joining me to talk about it, Dagen McDowell, Rosecliff Ventures founder and CEO Mike Murphy. And EmployBridge chief operating officer and president Joanie Courtney. Good to see you. We'll see what the markets do.
DAGEN MCDOWELL, FOX NEWS CORRESPONDENT: Especially the bond market with a ten-year yield. It was 2.45 percent yesterday. 2.44 something like that.
BARTIROMO: That as a top story in the "Journal". The bond route deepening, hammering munis and emerging markets debt.
MCDOWELL: The upside is investment of that. U.S. corporate debt has not been hammered that way. That yields have not gone up on that debt as they have on the ten-year which is positive.
BARTIROMO: What's going on?
MIKE MURPHY, CEO, ROSECLIFF VENTURES: Momentum is selling in the bond market. What you're seeing right now as money is flowing into the equities market. That's what it's helping this rally. And how long it goes. That's a trend and that's the way it's going. And a lot of it has to do with people realizing that rates are going to be going up. That we seeing less restrictions less government and so a more positive vibe in the overall market.
I think people are seeing that and saying we are going to get growth so therefore rates are going to go higher, sell the bonds, buy the equities.
MCDOWELL: But making borrowing more expensive broadly speaking at some point it will hurt particularly in the housing market the higher borrowing costs at some point. In the might not do it at 2.5 percent on a ten-yea.
BARTIROMO: We'll see if it chokes off but just since that the market is gaining traction.
MURPHY: It may be but I think zero or .25 percent interest rates aren't good for anyone. So, we need to get back to a more normalized interest rate.
MCDOWELL: The bond market is doing what Janet Yellen and company have been hesitant to do. They're sending her a message and saying the economy is getting ready to pick up.
BARTIROMO: We are going to see higher rates on the December 14t, yes?
JOANIE COURTNEY, COO, EMPLOYBRIDGE: Do you think the boost could go real estate people?
BARTIROMO: People might think rates are going up I want to get locked in.
MURPHY: The strong economy is good for everyone across the board. That would spur more home buying.
BARTIROMO: There is optimism about that economy. President-elect Trump touring a Carrier plant in Indiana after reaching an agreement with company to save 1000 jobs going to Mexico. Trump followed the visit by kicking off his Thank You Tour. He's there in Cincinnati, Ohio. He reiterated his commitment to the American worker.
(BEGIN VIDEO CLIP)
DONALD TRUMP, PRESIDENT-ELECT OF THE UNITED STATES: Now the real work begins. All companies to keep their jobs in America and we will work to make America a better environment for workers and businesses and we will crackdown on all foreign trade abuses that undermined your ability and your company's ability to compete. We are going to defend the American worker.