back. good thursday morning. thanks very much for joining us this morning. i am maria bartiromo. it is thursday, april 4, 8:00 a.m. east coast president biden unveiling a new initiative, that he says will train young people in high demand skills for jobs in the quote clean energy economy fox business hillary vaughn live on capitol hill with more on this hillary. >> good morning, maria. president biden wants congress to give 8 billion dollars to boost his climate corp by 50,000 people, trance students for clean rj jobs some republicans in congress, are likely not going to hand over the cash the senate western caucus tweeting not to be a dramatic but 8 billion dollars on fire would probably be better use of money and time, some republicans want to kill biden's climate corp all

together ben crenshaw has cancellation climate crusaders acts would effectively shut down program others call out the hypocrisy of a climate core here china would probably use it. >> this climate change agenda, is absolutely a hoax, because it has nothing to do with the climate. to everything do with greater dominion control of the government also china laughing at every step as very people want to call for climate core volunteers soldiers in united states shipping carbon emissions to china where not saying a peep. >> cheers from activists sunrise movement saying boosting program would let program employ 50,000 people to create good jobs for generation stop climate crisis but maria it is not clear if this climate core is giving jobs to any emergency workers like coal miners who lost their job promised a green job, by the biden

administration, maria. maria: hillary thanks very much hillary vaughn, joe, your reaction. joe: look. we need renewable energy many serious plans to deal with american nj independence, there is nothing serious about the green new deal a slogan without any substance look what is happening with passed banning exporting of new natural gas to i places we need it most not something do you if series about economy and emissions you don't shut down the nuclear plants from new york to georgia, or to california. if you are serious about reducing emissions all policies passing make the place dirtier but if you are looking at these jobs the government cannot be picking and choosing wins oo obama tried this this is obama 2.0 it doesn't work more importantly takes away from the real policies to help coal minors retrofitting of coal

mines that could be done for some geothermal energy real solutions that move america forward everything they do moves us backwards economically, back from humanity standpoint. mark: hasn't consumer spoken on this onto it waning the consumers are pushing back don't want that or too expensive infrastructure isn't in place, someone needs to show me the study that shows that if we're driving evs there is a bunch of charging station across the country, that that is better for the climate, you got to get energy to the charging stations how you going to get that wind solar too expensive unreliable so you have to go to coal? okay. what is that going to do further more nuclear is probably the most reliable cleanest energy source out there but there has been so much pushback on nuclear, maria, as soon as we start to throw artificial intelligence,

into this thing, right, where you have a huge demand for data centers in the cloud going to need a ton of energy just to supply those kind of locations. maria: um-hmm you make a lot of important points there i wanted to point out, what pete buttigieg said the other day you are saying basically that you know the consumer has decided the consumer is not buying evs, and he is you basically saying the consumer is stupid. or consumer is unaware. we're going to try to get that sound bite but actually, i was stunned to hear what he said the other day, is that right? >> yeah, listen to this. >> let's be clear that the automotive sector is moving toward evs we can't pretend otherwise sometimes when databases happen i feel like early 2000s i am talking to people who think we can just have landline phones forever. >> there you go.

must be stupid are you land mine guy? mark: how condescending the left tends to be look. i do believe eventual there is going to be more and more evs might take, 30, 40, 50 years let free market dictate if that happens i got a driver picking me up germane if are watching leave tesla pick me nip escalade more comfy i appreciate it. >> doesn't matter what consumers are doing this administration going to tell you what you are going to do. >> top down arrogance disconnect from what consumer wants they think that because they try to shame everybody in, it is about the climate your personally responsible for saving climate, china, russia, other places not worried about this, they are putting emissions we have to work on this our responsibility to your

disappoint evs if i got to wait for period of time for car the charge i don't want to do that i should feel guilty about that what a ridiculous way to state, look at this secretary of transportation listened to ceo of ford, come here talk about the fact that they o don't have the demand for these vehicles people love cell phones when they came out most people needed 5,000 dollars to put them in 1980s mercedes-benz the cost isn't in to make it practicable for americans to watch money drained out of the savings because of drunkern spending in dkraft math of covid, half a million americans right now having car from repo man trying to remind people we have people bankrupt higher than we saw in great recession trlgz in apparently credit card debt americans can't afford policy passing instead of shifting to nuclear emergency making sure we

triple down on natural gas they decided to happy on american people face false bill of goods gets nowswhere. maria: agenda permeating through agencies from a business standpoint businesses are needing to come up with responses to what is the climate risk? you know, what how it is -- much will the cost this is costly. >> very costly if you look at the did he men assistance de. ie and/or esg in transcripts on earnings calls, about three to four quarters ago peaked it is coming down you are witnessing firsthand maybe early stages you ares witnessing some are beginning to push away from it it is incredibly costly. >> just getting started a lot coming up stay with us donald trump has upper hand on joe biden in six out of seven swing states

campaign thinks they can flip florida blue though we are going to take a look at what the administration is saying, florida congressman mario diaz-balart here to discuss the state of the race next don't miss it you are watching "mornings with maria" live on fox business. ♪

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. maria: welcome back. ceo citadel warning about federal government wrain spending in 2023 letter the surging u.s. public debt a grg concern not overlooked must stop borrowing at speps of future generations also finding president biden's 5.5 trillion dollars new taxes in 2025 budget would cost united

states nearly 800,000 o full-time jobs reduce economic output 2.2% cut pages by 1.6% joining me florida congressman house appropriations committee member mario diaz-balart great to see you, sir thanks very much for being here. your reaction to worries over debt why it doesn't seem to resonate on congress. >> he is absolutely right we don't know that we have to tackle the increasing debt we have to he reformer mandatory spending the cause of that increased debt and pretending that is not a problem, is absurd, now, by the way, every day that goes by that we have biden in the white house and that trump is not there, is a tragedy for the united states tragedy for the world you have to control spending, at the same time, obviously, do some things like defense, because we also have information we continue to keep our country safe from threats around the world. maria: how do you do is that?

i mean look at the most recent budget actually biden 2025 budget compared to inflation decline in defense spending how are you doing that? >> well, because we're going to have to ignore biden's request, requested budget cutting defense wants to increase discretionary spending on everything else also wants to raise taxes, again if up to biden this country will be destroyed. that is why it is so crucial to keep the house in republican hands stop tax increases crazy spending, but, again, i emphasize until we have trump back in the white house, we are going to continue to have disaster the after disaster, president biden and radical left don't understand the crisis they are creating. >> so ukraine, foreign aid, bills the largest remaining legislative packages are you expecting to see a deal to send money to ukraine in the coming weeks? >> you know in the appropriation bill we cut spending on everything having to do with foreign policy, by

6%, i thought a really good issue. now, the speaker is talking about, potentially having a loan for ukraine i think we have to look at ways that we protect our security interests putin strategic ally china, north korea, iran do it in a responsible way that doesn't bankrupt united states can we do it yes is biden going to help do that no, why it is important to lead and republicans are the ones that have to lead on foreign bill domestic policy to save this country from final ruin. maria: you are talk financial ruin spending but priority for republicans has been secure border you have not been able to do it you are chairman of the subcommittee on department of state foreign operations related programs providing funds for national security foreign policy efforts you worked to sure the subcommittee bill for fiscal year 2024 tried to establish

u.s. learned where lacking tell us where is it lacking this includes 6% cult in funding compared tos sfalgs, 2023 levels. >> it does, doing much better with much less more than, that is how we are supposed to lead very proud that have we have provisions eliminate finding for any ngos participating or helping people -- violate immigration laws in united states eliminate money for finished for being unrwa among other things the way supposed to lead i am exceedingly proud of the speaker of the house speaker johnson has led in real series way, conservative way get -- [no audio] -- to continue, to do what we're doing stopping from raising taxes crazy spending succeeded in house barely controlling

house imagine what we can do if we control house and senate when not if when trump is back in the white house all can't take it for granted have to work tails off to make sure trump is in white house to turn this country around save this country doing so frankly saving the rest of the world. maria: the democrats are trying to stop that, president biden campaign is looking at florida writing this florida is not an easy state to win but a winnable one for biden especially given trump's weak cash-strapped campaign superiors vulnerabilities within his coalitions writes biden campaign memo the manager pointed out abortion on ballot from supreme court clearing way for 6 week abortion bell going in effect next month "the wall street journal" out titled will abortion make florida a swing state what is your reaction to that? >> so if abortion is on the ballot so is marijuana, here is the key.

we can never it can that left democrats are going to roll over give up we have to fight, everything, for -- for every state for every vote, i am confident we are going to end up winning florida trump is going to win florida again. but we have to not take it for granted i am focused on defeating the left the flats reelecting donald trump as next president of the united states, all of us, have to do our part if we will take it for granted we lose but i tell you in state of florida, we understand, the damage that biden dplantsd have caused i am confident because we're going to work i am confident we are going to reelect not only reelect trump win florida i think going to win states people aren't looking at right now but because we have to work it. maria: i understand, what are you saying we have to work it we have to work hard what are you doing. >> yeah. showing up making sure people understand what we stand for, and also, make sure that

people understand, that the problems suffering, inflation, price of gasoline, food is not just because of you know coincidence it is because of bad policies by president biden, by the left by the democrats, that is the reason that people issue struggling, and people need to make that connection, it is our job to make sure we get that message out. maria: all right. we will be watching thanks very much mario dead balanceard joining us markets on move ahead of march jobs' report out tomorrow morning jobless claims out any moment 10 minutes' time we bring those numbers as they cost the impact to markets piper sandler managing director chief marketing technician craig johnson going to tell us what they think on the state of the economy. you are watching "mornings with maria" on fox business. ♪ ♪

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maria: welcome back. take a look at futures rally underway off best levels of the session but off the worst as well dow industrials right now up 87 nasdaq up 74, s&p up 15 1/4 that has to be a victory after mixed day yesterday sell-off beginning

of the quarter take a look, yesterday dow industrials down 4 -- 43, s&p 500 nasdaq edged higher interest rates are hovering around 4.3% 10-year take a look we are setting up three basis points at 4.37% federal reserve jalg base case in place three rkdz coming beginning in june. >> at recent data do not, however, materially change overall picture continues to be one of solid growth, storm labor market inflation down toward 2% on sometimes bumpy paths. >> it is too soon to say whether recent readings represent more than a bump. we cannot expect that it will be appropriate to lower our policy rate until we have greater confidence, that inflation is moving sustainably toward % my colleagues and i continue to believe, that the policy rate is likely at its peak for this

news cycle if economy voeflz broad leas we and most fomc see it as likely to begin lowering policy rate at some point this year. maria: there you go. >> lowering at some point this jooer piper sandler managing director chief market technician craig johnson thank you so much for being here, he wants to lower rates this year, he is talking about, nothing changed did he hort than expected cpi. >> the bond market does not agree at this point in time, you see 10-year bond yields highering from a technical perspective target is to take up, up sided resistance levels 4.33 after that 4.150, then 4.66 equity markets not going to be happy if 10-year bond yields move up to those

levels. >> not only thing, examine commodities gold prices, oil prices higher cocoa, higher into easter check up big gains as you look at market clear oil moving higher gasoline prices up substantially higher, hurting the wallets for a lot of vitt individual americans that are clearly not buying evs at that point in time cocoa corp gold corral toward 44, 50, 2600 there is a lot of upside left for gold, all things put together with what you are seeing with interest rates, there is no way the fed is cutting three times this year. maria: i agree. >> as i look at that. maria: i agree with you mark tepper with me earlier agrees as well seems wrongheaded to be cutting interest rates in environment where we still have this inflation problem. let me get your take on this agreement that the

administration wants to have, the biden administration cancellation plans to refill dpleeltd strategic presidentium rev, prices up almost 6%, up 5% last year at the say trend your friend commodities going higher this is where we should be investing. >> if inflation scare is coming back appears it is reits, if you look at some of those things becoming more apparent people want to buy hard commodities how you deal with inflation, inflation trending higher we could see crude oil prices continue to work higher, 80, 90 plus daryls dollars a barrel not refilling strategically petroleum reserve. >> in terms of investing today, when you look at

charts, and commodity prices hires it better to buy commodities out right or should i apply the companies that are producing digging, the securities of those companies? >> well, i think for a lot of individuals that is buying the companies i think can make a lot of sense we've been saying right now right now cool engines kind of take profits of off the table because this market has moved up 28%, off lows big number have not rechecked rising 50 day moving average five months we had best first quarter return since 2019, 1111th best return since 1944 look through historical what you see happening at least one if not two five to 10 percent pullbacks in correction later in the year, these are tactical opportunities, trim here wait for market to have a 5, 10% correction then sort of

come back. >> what do you think for 5 to 10% question. >> fabulous question everybody asking that interest rates. >> i think the fed when fed makes it clear there is no way cutting rates three times this year, you had opportunity yesterday he didn't do it said base case is in place. >> that is correct when you look at what is priced into market right now it is 2 1/2 cuts priced into market right now, there is no way a, with copper, gold, oil, all these pieces moving higher, all commodities higher they can say we are lowering rates it doesn't make sense would make a asymmetric similar to 1970s, when -- volcker back then, in, that period of time. >> would he move his target for inflation say okay we are not getting to 2% so we're going to say 3% is fine that would be egg on face. >> huge egg on face not going to do that he wants a soft landing i am not sure going to

happen at this point in time. if he starts cutting reducing ahead of the election, that is not going to look like their objective. >> people think he is going to try to help joe biden cutting rates before election we will see about that. >> correct one thing to keep in mind if market lower three months heading into election tiblly your incumbent does not get reelected you want the market to pull back ahead of election if you would like to see trump reelected i think a better solution. >> are there charts most compelling to you upside or down. upside, companies like advanced auto parts aap, great, disney great reversal micron to a 4-year high so trim nvidia extended stocks think about micron, like ibm a lot of great stocks to buy you

don't have to per se chase some extended right now take money off the table, and reallocate even energy stocks maria are starting to get a bid, valero exxon a lot of names look good. >> small caps every get a bid. >> not until very clear that we are on the right side of the fed reducing rates that may not be this year. >> to breaking news initial jobless claims cheryl casone with numbers. cheryl: these came in hotter than expected 220, 1,000 initial number street looking for 214, continuing claims 1.791 million lighter than street looking for they were looking for 1.813 million the fed rate trade balance number interesting the actual negative 68.9 more than street was forecasting negative 67.3, worst than we saw the month prior would have been january are. all this leading into tomorrow's big jobs' report for march forecasting 200,000

jobs, to be hit in march but, as you know, the revisions have been volatile to say a alleviate we keep seeing sw disparity twin household survey wide ink last few months i think a big key component of what we see for that big report, tomorrow morning. >> stocks inching forward dow industrials up 96 nasdaq up 74 your response reaction to jobless numbers. >> i think coming out really important we need to see the unemployment rate to come up deal with facing inflation is stick yr than people think at this point in time, until you get more layoffs probably not getting the market to slow down in here we need to see sort of pullback. >> we leave it there wealth of knowledge from you craig johnson joining us. we'll be right back stay with us. .

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maria: welcome back. this morning, new york congresswoman elise stefanik says after reviewing investigative reporting into judge merchan and daughter now calling on judge to recuse himself from the trump case. new york judge rejecting former president trump's bid to that i hush money trial trump want to wait until after supreme court ruling on presidential immunity judge

said trial will begin april 15, stormy daniels attorney serving 14-year sentence in prison avenatti defending on x, after the judge expand the gag ordered how michael cohen stormy daniels allowed to do truz make money off documentaries but he is threatened with jail your reaction. >> well, look i think mike avenatti has too much time on hands in jail may be looking for pardon who knows. >> let's see. he is quite right, that it is completely unfair that donald trump should be gagged while judge and his daughter able to say whatever they like, but they just are so desperate to nail donald trump to something before the election. maria: i mean, stefanik

writes democrat manhattan judge donated to biden campaign another anti-trump cause in 2020 has clear judicial bias against president trump, merchan's daut political operative, she wants to judge to step down recuse himself. >> she is quite right, as usual she is very accurate in what she says to the point. and it is extraordinary that this judge and other judges like him judge engoron in new york refuse to recuse themselves seem to live in a bubble where there kind of bias in mil and politicization in the middle of election campaign, is quite okay, i guess in their own krirmz sir kelz lauded. >> appears serious evidence

against joe biden, in the house oversight investigation of his family's influence peddling, james comer joined me yesterday, said president biden has not responded to comer's invitation for president to testify. >> we have not heard back from president biden the white house is spinning every second of free time trying to attack me trying to attack jim jordan doing inferring to discredit the investigation intimidate, our investigation moving forward. this is a very serious investigation. joe biden is in a lot of trouble. he needs to answer these questions, i think the two best options moving forward are, obviously, critical referral, impeachment, impeachment still on the table, there is still a -- an overwhelming majority of republicans in the house of representatives that agree with me, that joe biden has committed impeachable

offenses. maria: you know that james comer sent a letter to president biden, and i have the letter here, we talked about this yesterday withcomer he said in the letter the committee has accounted for 24 million dollars plus that has flown from foreign sources to you your family business associates hassoid no legitimate serviced to merit lucrative payments you repeatedly denied playing any role in familiar business activities committee amassed evidence bank records witness testimony that crickets your position on matters the white house wants this investigation shut down obviously, politico reporting republicans looking beyond impeachment inquiry describing this as quote fizzling. how do you see things. >> well, i think the way i see it is that the white house, is desperate to try and rehabilitate joe biden's reputation, which has been sladeed shredded, by

impeachment inquiry myriad whistleblowers have done an extraordinary job in exposing for the american people the truth about joe biden, and his family's corruption, and there can be proud the media out let swallowing the democrat line going with lie the impeachment is fizzled not gyms gyms or jim jordan or jason smith's fault sheriff a slim majority, what they've done what they've always said they would do what was the most important thing was to have the powers to be able to bring in witnesses, amass this mountain of evidence really up to american people, now. at the election they can judge, if they are in their minds, look at mountains of evidence there they can judge joe biden for who he really is not who he pretends to be.

maria: this letter is damning go through all the areas where they have identified money from foreign sources they go through china, meetings he had with chinese officials, money that has gone directly to joe, ukraine, same thing, asserted your pressing ukraine to 2015 to fire government official investigate company your son had financial interest in line with u.s. policyk received bank records showing outsiders your son paid a million dollars a year for position onboard until you left public office then cut in half talking russia the loans the biden familiar say it is it would be in president''s best interest to just containing on some of these questions wouldn't it? >> tell us -- >> extraordinary, yes for the last year years refused to answer questions about this he gets aggressive, the white

house just goes into bat for him continuing with the stonewalling and the lies. it is very bad form for the president to ignore all this evidence, it is -- if aboveboard come out tell american people why it is don't get aggressive and try to shoot the messenger. >> irs whistleblowers are standing firm even though we are told they are into itted beinggated by doj irs, comer says the biden administration retaliated against whistleblowers, miranda if truth that is just disgusting, that these two now under investigation? what can you tell us you know about this. >> that is the word for it disgusting, revolting, but part of the way biden administration has treated whistleblowers whether from fbi, or these two

whistleblowers from irs just extremely important they are key witnesses the two that blew up their careers to do the right thing they saw the slow walking the stonewalling dishonesty corruption of that five year investigation in delaware, and, they stood up and they did the right thing for the american people. of course, now a target on their backs it is really, everybody in america should be looking to them and protecting them going to that for those two men deserve all our support and protection and i know that they've been going through hell, sleepless nights, still working at irs but just been treated like pariahs by their bosses, their weak bosses get wards from president biden for doing the wrong thing. >> it is hard, lonely,

upsetting pursuing the instituting that is what is happening here, miranda we will keep following it as you good to see you this morning, thank you. >> you, too,. >> miranda devine joining us the biden administration claims otherwise no crime is not up we've got all the details you are watching "mornings with maria" live stay with us. . . ♪

maria: welcome back merrick garland says national crime is down under president biden, residents blue cities not feeling that way, violent crime surging in new york, chicago los angeles. new york city mayor eric adams calling it a perception problem maintaining new york city is safe. >> i am proud to announce that will overall crime continues to trend downward in new york city and is down year-to-date. the numbers show it is not out of control this is the safest

big city in america. . >> transkit crime is down i am talking to passengers communicating with them they say to me can people stop saying we unsafe here it is best system on globe safest on the globe. >> safest on the globe request do i keep seeing people pushing other people on track. mark: doesn't sount safe empathy criminalizes are victims, right in a root cause bloc -- come on narrative they try to shove down our throats crime goes down to you you did i leglize it or not pr it now set to reverse, and recriminalize drug use look what it brought to the state of or gorn you've got obviously, tent cities, junkies shooting up on the

street it is disastrous more crime filthy. >> maybe mayor adams is taking a page out of joe biden's playbook where just say whatever you want even though not true tell me raining when it is sunny out i've got internal data obtained by "new york post" writes new york city serious crime hit levels unseen two decades last year even as mayor adams claims crime is down, serious crimes spiked again last year levels unseen nearly twoing decades. joe: every time crime goes up you have some journalist wants to pull up a 1994 number say if you haven't hit all-time highs across country for crime someone is doing a good job the question has to be, when is enough, when do enough migrants commit violence crimes somehow we have violate crime problem how many people have to get stand shoved in

front of cars to witness abnormal refusal to say what it is to give a little to get a lot why people are losing faith, in the democratic party why joe biden has record low numbers with minority communities, that bear the brunt of these issues they would rather pretend don't exist. maria: michael second year in a row overall crime on the rise driven according to they memory from nypd driven bying historic surge in assaults. >> if you spent time talking to police officers both transperspective, when you talk to them when they say they feel that they've been isolated as a community because of antipolice officer thing has happened after george floyd and black lives matter now you take that the immigrant influx take all the protests, that have begun like new york, on the day-to-day job this is really, really difficult but on top of that

they know they, misdemeanor going to be walking huge disconnect the crime statistics does not translate to individual one thing i learned from being in fub office a long time once people have perception of crime as issue it is stubborn to get that out of their heads. maria: john head of principal nypd has come on this program saying recidivism. >> i mentioned protests this is just more evidence, that we have a dual system, dual tier justice system look what is going on in nashville right now there have been 10 christians found guilty of praying in front of abortion clinic going to do up to 11 years in prison when sentenced in june. right? this is crazy. then if you go to let's say capital and protest against israel, when electing a new speaker of the whose you get a

free pass i mean seeing this happen over and over and over again, where to your point, the people who do right things they get penalized the people doing wrong things absolutely victims we should support them getting help they need? this is an inverted society. maria: what are we supposed to say about people in jail right now because they were in washington january 6? give me a break, please lab all people -- >> a woman brooklyn punched in face broke jaw being wired now the individual was let out, you say "wait a minute", what are you doing here what about that person traumatized #metoo movement to we don't care about victims of violent crime it is ridiculous. maria: get it together mayor adams stay with us. we'll be right back. you are watching "mornings with maria" live on fox business. .

♪ ♪ ♪ . . c'est la vie. ♪ ♪ ♪ ♪ ,

♪ if. maria: welcome back. time for the big buzz of the morning. something stinks in the city of angels. a home in los angeles found to be completely covered in mounds of trash. take a look at this.

the lawn barely even visible. neighbors are fed up of holding their e nose and slamming public health officials for ignoring this nuisance. mayor karen bass telling local sanitation crews to clean up all the junk. i guess no one lives there. >> the front yard decided it's going to identify as a landfill, so there you go. you know who else is upset in l.a.? lebron james. his mansion, there's a quarter home two doors down from if him so he a had to hire private security. >> if they want the yard cleaned up, just invite the chinese commune first party to town, and all that a trash will disappear. [laughter] maria: michael, final word. >> you know, unless there's a dangerous condition, they can what basically do whatever they want. that's the problem with this. maria: unbelievable. guys, thank you so much. great show. have a great day, even. "varney & company" pix it up. stu, take it away. stuart: good morning, everyone. it is 215 days til the election, and the presiden