country. we'll turn it around fast. maria: more of that interview today at 4:00 p.m. eastern on fox business. kaley, the president talked a lot about policy and the impact and the green agenda. >> well, and his biggest sell has always been the handling of the economy, especially when president biden's approval for his handling of the economy is 35, 37%. people with unhappy with the state of things. four years under donald trump americans were richer than they are now, that will be his biggest sell. we'll see if he's able to convince voters. maria: one of the key issue was cutting regulation, that took the handcuffs of business in many ways. that's what spurred growth. then you had the tax cutting plan and others but charlie, this president is actually ramping up regulations. >> yeah, i think there's just so much red tape now that businesses have to get through, a lot of which deal with

climate. maria: that's right. >> you saw recently in new york city they're mandating pizza ovens have certain type of carbon emissions, if they don't they have to get rid of them. we have businesses that have been around for generations and now are put out of their place. we're finding that what lot of -- there was a guy the other day who bought a electric car, he had to undergo $130,000 worth of fees to get maintenance and it was in the shop. it's one of the things that there's so many things that haven't been tested to the full extent. i think if you're a consumer, hold off as long as you can because hopefully by the time all of these regulations start to be enforced by the deadline, they're all gone because we have someone sensible in office. maria: they're using the securities and exchange commission as the agency to mandate certain things to your point in terms of t the climate change agenda. >> as relates to ev, i'm a free market capitalist. i think evs are the future. i think we'll probably naturally

gravitate to evs over the course of several years. we don't need it shoved down our throats. i have a client who lives in chicago flew out to san francisco to get an ev. he decided to drive it back to chicago. because of the lack of charging stations, as soon as he got to chicago he traded it in. maria: lauren. >> let's take a look at add a justed earnings per share, better than expected. they came in in at $1.84, the expectation was $1.71. revenue, sales, also stronger. $161.63 billion. the expectation was 160.27 billion and even the comps, same store sales, coming in at a stronger than expected 6.4%. they had been 7.4% in the prior quarter so expected to fall much

worse than that. so all in, at first glance, maria, this is a pretty encouraging report for walmart. some nice reaction in the premarket. stock is up 2%. it's up 12% this year. looking for any commentary now about how the consumer is hanging on. of course, walmart is in a sweet spot. you have americans with more income coming in to buy groceries, a core item at walmart and they can sell them other stuff as well and also any commentary on back-to-school and the holiday season, i'll keep looking. maria: we've got comp store sales up 6.4% is what i'm looking at and it's also raising its fiscal year outlook. that's also a positive. >> for the second time, maria, yes. this year. for the second time this year. maria: and the stock is moving on all of this, up 3% on walmart. lauren, thank you. we're going to be watching walmart. this is setting the tone for markets this morning. of course, walmart is a dow

component, dow industrials up 81. it's time for the word on wall street. joining me is managing director of private wealth advisories, kathy enwhistle, walter todd and mark tepper. walter, let me get your reaction to the walmart quarter. >> we heard yesterday that traffic at target was down 5%. looks like all that walked across the street and went to walmart. so very strong quarter with the comp store sales above expectations. i think they're benefiting from the tradedown. we heard discretionary items at target were down, walmart benefits from having less discretionary, more essential items. i think they're hitting on all shslenders. maria: comp store sales up 6 and-a-half percent for the quarter. shares of target closed higher than expected. we had a better than expected quarter. they missed on sales and they

lowered the profit goals for the year following the backlash they had for the pride collection. >> june was a bad, bad month for them after the pride backlash. that was challenging for target. maria: the stock is up almost 3% right now you. >> i would assume that's probably a relief rally, probably a lot of shorts involved in target that had to cover some of their positions. i don't know that that's sustainable when sales are down 5% year over year. sounds like not only did those shoppers leave target and walk adross walmart but there's -- across the walmart but there's a tradedown occurring as well. you look at t.j. maxx, another beat and a raise for them. we're seeing a consumer that is price conscious, shopping for valley. the consumer is spending. we know there's a trillion dollars in credit card debt, credit card interest rates are going up, the student loan payment comes back online in october and the average payment is $380 a month. there's certainly challenging issues for the consumer in the

future but the consumer so far has remained resilient. however, they are now a little more price conscious when it comes to spending. maria: more info for the fed, kathy, the federal reserve releasing july minutes yesterday, saying inflation could be a cause for further tightening because the inflationary risks are still there. majority of members saw upside to the economic pressure. look at yields, the 10 year is at the highest level in 15 years, talking about 4.30%. haven't seen that since 2008, kathy. >> absolutely. it's actually a great time any time you see dislocations of the market or anything changing, it's a great time to take a look at reconsider what you should do with your portfolio. the yields, everybody is in short-term cash, the yields are high short-term. start moving your bonds portfolio out longer, take some of that cash and put it longer because we are going to see a transition at some. maria: what do you think this means for the economy? with rates going higher doesn't that further squeeze consumers

and business as all of this debt rolls over? >> absolutely. we were speaking earlier about the consumer. they're going to pay higher interest rates for credit card debt. that's going to be an issue. i would say the corporations when it's time to roll over their debt they're also going to pay more as well and that squeezes profits. maria: what do you want to do with your money at this point, given rates are now higher and economy is slowing and we haven't really felt the the impact of so far 11 rate hikes. the full impact. >> no, yeah, absolutely. this is just amazing to see the economy so resilient. the atlanta gdp now estimates up over -- well over 5%, rates continue to move higher, really surprised to see futures up this morning. to kathy's point i would say terming out some fixed income makes sense. if you look at corporate, you can get 4 to 6% in a five to seven year corporate with investment grade rating. that's very attractive. also be aware that the valuation, the top of the stock market we think is expensive so

we would look down the cap scale in terms of equity exposure and portfolios. maria: we will leave it there. kathy, walter, great to have you. thank you for being here. great word on word on wall street. mark is sticking with us. we're happy about that we're looking ahead to the 2024 presidential race. desantis is losing ground, find out who is cutting into his lead for second place. we break it down with our all star panel on the other side of the break. you're watching "mornings with maria" live on fox business. stay with us. ♪ i want some t hot stuff baby this evening. ♪ got to have some hot stuff. ♪ got to have some love tonight. ♪ hot stuff

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maria: welcome back. time for the hot topic of the hour. new fox news poll giving the

lallatest snapshot. president trump has the lead. the big story is the rise of vivek ramaswamy. he remains in third place with voters but he's gaining ground on ron desantis who saw support fall to 16%, down from 22%. rram ramaswamy sees a 6 point gn over the same time interesting how well vivek is doing. the other davey v day vivek js on the program. i said what are you expecting in terms of president trump. do you expect you'll be in president trump's cabinet, have you spoken to trump about it? he said no, i haven't. and i haven't spoken to trump about being in my cabinet. and i just -- he's so smooth. what a great answer. >> there was one particular interaction he had with a voter in iowa this week that went viral that i think really shows why vivek is doing so well in the polls. it was a very respectful

conversation, an lgbt activist who asked him do you support same sex marriages. he had an incredible answer. he was very respectful. at the end they shook hands and respectfully disagreed and went their separate ways. maria: i saw that. >> one of the things he said in the answer that really stuck out to me and i think that it's also part of the reason why that exchange went viral is he said something about that the american people are sick of the tyranny of the minority, sick of feeling bullied by elites who don't care about their well-being on anything from economic to cultural issues and that is a message that so many americans are feeling right now. they feel it in their wallet, they feel it in their kids' classrooms. and i think that that's part of the reason why you see him gaining ground right now. maria: what do you think, charlie? >> i think vivek is so charismatic. there's something about him when he speaks, you can't help but listen and really absorb what he's saying. i think the way he addressed the

pan sexual activist at the iowa state fair spoke volumes about what he stood for. then you saw him rapping eminem on the stage. he brings a cool factor all of this. you look at the difference between him and ron desantis and the way they were interacting with voters at the state fair. you have vivek on stage rapping eminem and talking to people on a human level. ron desantis is standing behind a counter serving eggs on a stick, being awkward as he normally is. you see such a difference. vivek every day, day in, day out, he volunteered to help trump with his legal troubles in fulton county, saying i will write a brief for the court, saying it has a negative effect on due process. hyou can't help but respect him. maria: he's bringing in a younger voter, leading the

charge for young people. >> there is criticism over the age of politicians. maria: that's why it's important. >> he has the ability to appeal to people of all ages which is incredible. to charlie's point, vivek is a doer. most politicians are all talk, no walk. all talk, no walk. this guy, he walks the walk and that's really impressive and i actually have the three person race a little closer if i look at the betting odds where people are actually putting money on who they think will win. trump is 59%, desantis at 16%, vivek at 15. i mean, he's right there. maria: he's right there. >> neck and neck with ron desantis. maria: i don't believe the next issue, president biden is still beating president trump in a hypothetical matchup. is this -- really? 44% to 41%, 15% of voters unsure who they'll vote for. i find this really hard to believe given the state of the country and the impact of the biden administration's policies, charlie, what do you think? >> i think there's so many people in the gop race for

candidacy that it's getting a little muddleds perhaps. i think just due to the fact that there's so much going on with former president trump and there's so many candidates who won't necessarily address it head-on, for example, ron desantis, we're all just waiting for him to take a stand and say this is not right, just like vivek has done and i think the fact that he doe ma doesn't mayn some people's minds makes it more unclear. it's not a race against the candidates within your party. it's ultimately against joe biden. some have lost sight of that. it may deflect voters, maybe they're unsure where they want to put their money. maria: what do you think? >> i don't take the poll seriously. maria: i'm not buying it. >> there's an ap poll out this morning that says -- it shows what we've been seeing for quite a while which is that voters are disaffected with candidates from both parties right now. get this, 75% of voters say they don't want go joe biden to run

again, compared to 69% for donald trump. that's a significant difference, especially considering that donald trump has been indicted four times. maria: unbelievable. >> and the media constantly harassed him and you still have less voters who think -- i mean, they clearly dislike joe biden more and so i don't take that -- maria: do we think joe biden will ultimately be the nominee? >> cool. >> that's a tough one. maria: it is a tough one. >> could you imagine him leading the country for another six years, that's who it amounts to. maria: if not him, who? >> please not kamala, for the love of god. >> that's what republican candidates need to say is a vote for joe biden is a vote for kamala harris. maria: what about gavin newsom. >> i don't think he can sell it. >> i think he can sell it. there's a reason why he's putting himself in the race. he wants to debate.

they're clearly for a reason. maria: we'll see. we've got new fox bo bomb -- fox polls, showing former president trump dominating the field, despite the indictments. we'll talk with carlos jiminez, weighing in on that when we come back. stay with us. ♪ a change will do you good. ♪ will do you good. ♪ a change will do you good. ♪ i think a change. ♪ a change will do you good. ♪ will do you good. ♪ a change will do you good ♪ i have type 2 diabetes, but i manage it well. ♪ ♪ jardiance ♪ ♪ it's a little pill with a big story to tell. ♪

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>> i am human. i did a work sample in the system. and when i hit save it went to the -- it wasn't an official document. it wasn't official charges. it was a dry run, it was a work sample. it wasn't official. we wanted to be transparent. maria: that was the fulton county clerk of courts claim seeing accidentally leaked a fake indictment against plumb president trump hours before the grand jury voted on indicting. the district attorney is requrequesting trump's trial stt on march 4th, one day before super tuesday. a new poll finds 51% of voters think the doj's treatment of trump is motivated bipartisan

politics. joining us now, congressman carlos jiminez. thanks very much. weigh in on all of this, your take. >> gee, what a coincidence, one day before super tuesday, but it's not political. it's just coincidental. i don'i don't know why we put sh stock into this may be political. it's a prosecutor from an area where 80% of the people voted for biden so it's popular to go after the former president and so, yeah, it smells like politics. if it walks like a duck, talks like -- an-and quacks like a du, it's probably a duck. maria: i don't think anybody can say how this will play out. four indictments and the guy is in the lead in terms of the presidential election. this will all play out in the middle of campaign season, as you know. yeah, the day before super tuesday. what's your take on these

trials? will she get a trial in march of next year? >> it's doubtful she can get a trial in march but they indicted so many other folks and so everybody has their constitutional rights. the right to a speedy trial is actually the right that is given to the charge, the accused, not the state. and so the accused have the right also to prepare adequately for their defense and i don't believe that you can get a trial that's accusing 20 people in six months, i think that's stretching a little bit. they're going to try to do their best to do it. let's see what the judge says. it woulwould be unfair to have e trial that soon. maria: the former president is dominating the gop field, 53% support. congressman, you were with president trump and several other lawmakers at the iowa state fair over the weekend. how was the former president? tell us about the state fair and the reaction to trump in the

middle of all of this. >> well, he was a clear winner. he had the biggest crowds, most enthusiasm. people wanted to shake his hand, wanted to be close to him. the president was full of energy. even though he knew that something was going to come down from fulton county, he still -- he's pretty good at compartmentalizing things, putting things on one side. he knew it was coming but he's laser focused on becoming president of the united states again and on his campaign and so first time for me in iowa, first time for me in the iowa state fair. it's quite an affair. and so i looked at those crowds and he was by far the most popular figure and by far the most powerful political figure there and people just want to be around him. so yeah, clear cut winner in iowa was president trump. maria: here's kaley mcgee white. >> i want to get your take on another poll out this morning that shows 49% of voters think the charges from the justice

department from jack smith specifically are politically motivated against donald trump and also that show that 48% of voters are not confident than the justice department is able to operate in a nonpartisan a manner. my question is for you, for you, is how do you and your colleagues, our elected lawmakers who are tasked with the oversight of the executive branch, how are you going to take voters' concerns to the executive branch? >> i think we already are. jim jordan is looking at the weaponization of the fbi, doj and every step t doj takes lends more credence that we need to look deeper into what's going on doj. daniel ortega won re-election in nicaragua last year by putting his opponents in jail. looks like it worked well for him, maybe it will work well for me too and that's what the american people are looking at.

president biden and doj apparently are following the trail of daniel ortega and his strategy of winning the presidency again and it appears to be all political. all of this stuff, they want to have these trials as soon as possible, right in the middle of election season. hey, are you looking for justice or are you just looking for a way to derail your -- the lealeading opponent, your leadig political opponent. most americans, many americans are thinking that, yeah, this is purely political in nature. we in the house are looking at the weaponization of the fbi and the doj. we need to continue to dig and i'm sure -- look, it's pretty obvious what's happening here in the united states and it's pretty sad what's happening here. i never thought in my wildest dreams that i would be looking at what's going on right now with the doj and fbi. maria: it's extraordinary. at the same time, president biden is getting all that he wants. he's pushing through all of his

policies. he's celebrating the inflation reduction act one year anniversary this week. he did so at the white house yesterday and he's claiming bidenomics is restoring the american dream. former president trump joined kudlow for an interview yesterday, explaining what he thinks bidenomics is about. watch this. >> inflation was caused in my opinion by energy. because it's so big, energy is so big, it's like all encompassing, everything, you make donuts and t ovens and trus that deliver them, no matter what you do it's so much about energy and when they stop drilling, -- you know, we had it going like nobody. you were a big part of it. you had a big thing going, selling all this to europe and we would have made a fortune and it was so sad to see what they did. they cut it off. and again, we were drilling much more. maria: larry's full interview today at 4:00 p.m. eastern, congressman, it is the climate change agenda that is

undermining economic growth, is it not? >> look, i call it the chinese dependence act. what we're doing is we are cutting our noses, cutting our production of energy and becoming dependent on china. why would you do that? this is not the ira is not the inflation reduction act, it's the inflation enhancement act and there's trillions of dollars of american dollars going to make us more dependent on chinese energy sources and at the same time destroying american energy. it makes no sense. unless of course you look through a different lens, right? who was giving hunter biden and biden family millions of dollars? chinese energy companies. wow, hey, what a coincidence. so all of this is kind of linked together and things that kind of make you go hmm, why would president biden do these things? well, the only reason that he would do it, maybe he's compromised. maybe the chinese having on him. that's why these policies that were passed by the way in the last congress, not this

congress, we're stopping those policies in this congress. you know, were meant to enhance our dependence on china. again, makes no sense. it's actually running against the american people, against american interest. maria: it's pretty incredible that all of this provocation from communist china is met with zero response from this administration. whether you have a surveillance balloon surveilling american citizens and our military installations or police stations in america, massive hacking of our -- you know, government agencies, the state department and the commerce department, they hacked into it as antony blinken was making his way to beijing and then, i mean, the real in your face lack of respect, our treasury secretary goes to china and they serve her psychedelic mushrooms and she laughs about it, she actually took hallucinogenics in the mushrooms. let's watch janet yellen explain this away. >> i was with a large group of

people and the person who had arranged our dinner did the ordering. there was a delicious mushroom dish. i was not aware that these mushrooms had hallucinogenic properties. i learned that later. maria: congressman, can you imagine if a delegation from china came to the u.s. and u.s. officials fed them hallucinogenic mushrooms? i mean, what does this say about the way communist china views america, to do this to the u.s. sitting treasury secretary? >> well, look, they don't respect us. there's no need for them to respect us. our president, look, it makes sense to me, our president with everything that's come out with our investigations into the money, how much money had been flowing into the family, into the biden family enterprise from these adversary countries,

especially china, none of this is a surprise. and when this all started and people started saying why would he do this, why would he do that, and i said a long time ago, the only reason he would do this or that, things that are against the american interest are because he's probably compromised and i'm pretty -- i've gotten to the point that he is compromised so all of this makes sense. the chinese know they can laugh in our face. we continue to -- please, china, please have a meeting with us, please allow our secretary to o over there and talk to your secretary and see what we can do to smooth things out and china's laughing all the way and making fools of us and this administration does nothing to enhance or restore american integrity around the world and how the world views america. it's also very important. and the confidence that we have to give to our allies that we will stand up to the threat that is the communist party of china. maria: yeah. but we're not.

congressman, it's good to see you. thanks very much for being here. carlos jiminez in florida. we'll be right back. stay with us. ♪ (phone typing) (message sound) (message sound) ♪ ♪ shut it down ♪ ♪ blackpink in your area ♪ ♪ shut it down ♪ ♪ what-what-what-what? ♪ ♪ (man) what if my type 2 diabetes takes over? (woman) what if all i do isn't enough? or what if i can do diabetes differently? (avo) now you can with once-weekly mounjaro. mounjaro helps your body regulate blood sugar, and mounjaro can help decrease how much food you eat. 3 out of 4 people reached an a1c of less than 7%.

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number on your screen, or visit coventrydirect.com. welcome back. now to foreign policy, the house select committee on china sending a letter to the federal communications commission urging the agency to take measures to keep chinese made cellular modules designed to connect smart device toss the internet out of the u.s. due to espionage concerns. newsweek is reporting data represents a potential gold mine to chinese intelligence which could analyze information collected from millions of connected devices for insights into what is happening in the united states at times for national crisis or other times. they are certified for use in first net, the u.s.'s first responder emergency network. joining us is stephens incorporated executive vice president, former senior sad advisor, mary kissel is with us.

you're probably not surprised with this story. what's your take of the level of surveillance underway with regard to china's access to these cellular modules? >> well, first of all, maria, you have to say it is amazing that we're even having this conversation. think about where we were five years ago. this is a bipartisan concern and so it's terrific that the china commission on capitol hill is writing to the fcc and raising this concern, the logical next thing to look at after we had the huawei conversations level years ago. that being said, what we need to focus in on here, maria, is critical infrastructure. do we care if the chinese can get ahold of your smart refrigerator or do we care they have access to first net and first responder network. obviously we have to prioritize what we pay attention to. our government has limited resources. so we really need to prioritize when we're thinking about this kind of threat, where we're going to train attention and that bleeds into corporate

america, right? we have clients asking us all the time, all right, we're starting to see restrictions on things like semiconductors, hey, mary, what's next? and so you have to think logically. government's going to prioritize those things that are most important for our national security so semiconductors, quantum computing, a.i., first responder net, critical infrastructure in the united states, these are things that i think are going to be on the political agenda. maria: it's a great point you make. and the president recently came out with an executive order to limit investment by americans into critical areas like a.i. and quantum computing but most people i've spoken with say that this executive order doesn't have teeth. first of all, it's not taking effect for a whole year. secondly, there's a whole public markets part of this that has been totally left out. you still have an opportunity to buy all of these companies that are tied to the chinese military

in a whole host of etfs, in the thrift fund which we've spoken about so many times, the 401-k for government employees, mary. >> yeah, and maria, for that you can thank something else you talk about all the time which is the whole track of banks, the wall street banks and the treasury department which is populated by people from the wall street tanks. janet yellen may not come from goldman sachs like the last several secretary, republican and democrat but she had a lot of speaking fees from the likes of citadel and others so i see her in exactly the same light so why did that order look like swiss cheese? why were they all these carve-outs? it's because the banks want to continue making money when they can from communist china. we don't do that. we're a private institution. but as long as treasury is dominated by the goldmans, the jp morgans, the morgan stanleys of the world, this is what you're going to see. i've got to say, maria, it's a

shame because there are people, even by the national security council who are really hawkish who work to put august together, this upcoming really amazing japan, south korea discussion that will happen at camp david. i mean, these are important steps forward but we really need the president to say, hey, treasury department, no more handouts for wall street. we've got to get serious not just for the next election but on behalf of all americans because national security is not a partisan issue. maria: i mean, especially since the ccp has been so blatant in terms of undermining the united states. now china's commerce ministry say it's assessing the impact of biden's executive order on limitations to u.s. tech investments, saying it will take, quote, necessary counter measures. the biden administration is readying new tariffs we're told on can making metal which is imported from china, germany and canada. this will be the highest tariffs with a levy of over 122% of

their import value. but mary, here too, i don't know if i'm buying this because, you know, we talked about this executive order that he sat on for so long. how long are we going to sit on this idea of tariffs? i know initially you were not a fan of tariffs but then you got working with secretary pompeo and i think you changed your thinking a little. what are your thoughts on tariffs? because the trump administration put lots of tariffs in place and cost china, what, hundreds of billions of dollars. >> yeah, well, i think what i realize is you need a big stick and for the trump administration tariffs were the big stick. the problem with tariffs is just a problem that we have always had and will always have, maria, is there are tradeoffs. if you decide to help u.s. steel industry, which is a very important industry, take this canned goods thing you mentioned, it means that consumers across america will have to pay more for their canned goods and we have an inflation problem so that's a

tradeoff that someone who is elected into public office is being elected to make. it's not free. it's never been free. it never will be free. i think if you step back from it, though, the bigger question, the tougher question, which is it's not just about punishing china and erecting barriers, it's about building alliances and strengthening the american economy and our innovators to win, to win. and i hate to say competition because it's not a competition, right. it's not a fair and a level playing field. that's something else i warned the administration. you talk to free traders. they say free trade great. yeah, it is. but we don't have free trade with china. that's the problem. what we need to insist on is a fair and level playing field. we should stop treating them differently. we wouldn't accept behavior from france in the same way that we accept from china and we need to think really hard about how do we stimulate productive, sustainable industry in the

united states. look at what happened with intel. we took a ton of taxpayer money. we threw it at intel. they're not using it very well. their revenues are falling. the semiconductor market is down. what did we do? we just gave money to a company whose ceo goes to china regularly to tell you, hey, china's a really important market for us so he's trying to play both sides. maria: all of this -- you know, all of this as the ccp outwardly mocks the u.s. i mean, this whole incident of serving our u.s. treasury secretary psychedelic mushrooms, what's your take on that. janet yellen went on cnn and basically chuckled about it, she didn't know that it was hallucinogenics, until later and then how do we find out about that beijing leaks the story that they fed her hallucinogenics. >> again, we need to treat china like we treat every other nation of the world. we would never accept that kind of treatment from britain or

south africa or even russia, right? so that just needs to be the rule, right, that we treat you just like we treat everybody else. but maria, the national conversation gets really hung up on things like tiktok and brain washing kids, hallucinogenic mushrooms and the like. what we need to talk about is the military they're building that is aimed at us and our military readiness and what they say they're going to do with their military, that's the hard discussion that we need to have all the time. that's what really matters. 400 nukes, million man army, largest navy in the world, third largest air force the in the world, biological chemicals weapons program. they have more icbm launchers than we v that's what we should be talking about. maria: they have a larger navy than the united states right now. mary, good to see you as always. thanks so much. >> thanks for having me. maria: mary kissel joining us this morning in dallas. we'll be right back.

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maria: welcome back. 15 republican state treasurers investigating blackrock over esg investment choices, questioning trades in coal and climate change. dale falwell writes that larry

fink's esg push could result in using esg scores against states and local governments. lowering their credit ratings and this driving up the cost of borrowing at the expense of taxpayers. treasurer falwell joins me right now and mr. treasurer, it's great to have you this morning. thanks very much for being here. >> it's great to be here and happy anniversary, maria. maria: happy anniversary. what is the anniversary? >> 28 years on the air. maria: that's right. 28 -- [laughter] maria: 28 years on the air, wow. you've been following my career. thanks very much for that. you're calling for the removal of larry fink over what you're call whacktivism. explain all of this, walk us through what's happening. >> this is completely avoidable what's happened with whacktivism and esg policies. esg especially during this period of bidenomics needs to be focused on energy independence, safe neighborhoods and good government and the reason that i

called larry fink to be fired is when in north carolina you don't do your job, that's what happens to you. we never hired blackrock to politicize the money of those that serve what we hired blackrock to do was to make us money. that's why i'm calling on him to be fired, last december, and i'm joined many other state treasurer's and attorney general as they try to attack this whacktivism. maria: you make a good point on the i'm pacts pact it's going -- impact it's going to have on states by making borrowing more expensive. you don't think of that initially. i find it really ironic that they're able to push this agenda, esg agenda and alienate fossil fuels but they're perfectly fine investing in communist china. >> exactly right. you pointed this out in your book, appropriately a couple years ago. and the reason that this is so

interesting to me is that when you have seen one state treasurer's office you've seen one state treasurer's office. we're 20 hats and two of those as i chair the local government commission and i'm seeing the impact this whacktivism is having on credit scores of many small communities in north carolina and i also chair the state banking commission and we're seeing what's happening with underwriting as far as the banks and some of the questions they've been asked. as i said earlier, we've got a lot of challenges facing our country, our country got downgraded last week and it's time to look to the states for the solutions and it's time for people that we hire as state treasurers to do their job and finally on this toke is it's the board of directors to do what we have to do, put their left hand on the bible, raise their right hand and make sure they uphold fiduciary responsibilities which

is loyalty and duty of care for their customers. maria: i did discuss this in my look a few years ago "the cost" because china was clearly a threat then but it's an even bigger threat today and we talked about that and i want to get your take on what you're doing. we've got a new study which found north carolina ranked as america's top state for business, congratulations on that, the state's workforce is the driving factor, treasurer. what is happening in north carolina that you would like to talk about that's driving this growth as we look for growth across the country amidst expectations of a recession on the way? >> well, when you said that, maria, it just gave me goose bumps because this not just one year. it's now back to back. but we all know that an accomplishment is only an accomplishment for as long as it lasts so we've got more work to do to make sure that we stay number one. but i'm wearing a lapel pin today obviously that has nc on it but for your viewers it sands

for nothing compares. i wouldn't trade places with any other state treasury in the united states for many different reasons. let's give the credit to the employers and taxpayers of north carolina and our general assembly who has had the discipline to balance their budgets and build surpluses but part of this is based on the fact that we're in the process of retiring -- it's hard for you to believe this -- retiring 60% of the state debt of north carolina. maria: wow. >> 60% of the state debt in north carolina is going away in eight years, five of those years are in the rear view mirror. we're eliminating the corporate income tax in north carolina. if you want to know how this happened, in the words of former congressman howard co-pell, it didn't just -- kopel, it didn't jump on the table itself. it goes to employers, taxpayers and the discipline of the general assembly to figure out what is right and keep it right and we look forward to repeating as number one in the country

next year. maria: that is fantastic. it falls right in the face of what's going on in the country, where we're talking about $33 trillion in debt. the potential for a government shutdown come september as congress tries to pay its bills by september 30th. treasurer falwell, you ramped up your fight lower medical costs in your state as well, you're calling it a healthcare cartel. a study finds that between 2017 and 2022 north carolina hospitals sued over 7,000 patients and their families over accumulated medical debt. tell us about that. >> well, your viewers are exhausted about so many topics but especially healthcare. none of your viewers actually consume healthcare. it consumes them. maria: yeah, good point. >> we, in this state and other states are under siege because of the healthcare cartel. i used to stutter more than i do

now. websters defines this as associations which are formed to restrict competition or raise prices. carcartel the control the supply and access. if you don't pay your bill they will break your kneecaps and a put judgments on your houses. maria: we appreciate you joining us this morning. congrats on all. cen we'll see you soon. and we'll be right back. onomy. observing investors choose assets to balance risk and reward. with one element securing portfolios, time after time. gold. agile and liquid. a proven protector. an ever-evolving enabler of bold decisions. an asset more relevant than ever before. gold. your strategic advantage.

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