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maria: welcome back. good thursday morning, everybody. thanks very much for joining us this morning. i'm maria bartiromo. it hope you're having a good thursday morning. it's thursday, march 14, time for the hot topic of the hour. new fox news poll shows former president trump leading president biden in two crucial swing states. if voting were held today, president trump trump leads with

49% of the vote to biden's 45% for all registered voters in arizona. trump is leading in pennsylvania, 49% compared to biden's 47%. joe, you mentioned the swing states. your reaction? >> look, i think t hard truth is that you take the pulse on main street right now, they recognize they are less safe today than they were four years ago and their bank account is in worse shape than it was four years ago. the savings that were depleted because of the spending, the inflation that is december mating any you of t the-desimateing any of of the increase in the wages. those numbers tell the pulse of main street. in an election where 70% of the people don't want the rematch, where does the sliver of eligible voters go? what does the election look like? it's hard to say what is that october surprise in the geo politics of it all that might

tip the scales. maria: the republicans are worried about illegals voting and lara trump told me, now the head of the rnc along with michael t wattly, this will be her number one priority. will they be actually able to ensure a transparent election. >> the republican party has a once in a generation opportunity to build a new majority. black people in chicago, the south side of chicago, crying for the republican party to show up. will they heed the let son? lesson. it's not just scaring people about immigration, it's unfairness of migration policies, people who have been here 200 years who are getting worst treatment today at the hands of government than people who have been here for 48 hours. maria: the same fox news poll shows the economy has become the number one issue. this is for voters in arizona and pennsylvania, chris. the majority of registered voters calling it extremely important. president biden and treasury second janet yellen spoke on the

economy yesterday. watch this. >> wages are rising faster than prices and now we have among the lowest inflation rates of any country in america. >> the statistic that i think captures things best is if we compare where the median worker is now, as compared to 2019, just before the pandemic, that worker can buy the same bundle of goods as before with $1,400 left over to save or spend. so wages have gone up considerable y and that's more than offset for the typical household the the impact of higher prices. maria: wow. more than offset. where is she getting that. >> come on, the median household income, let's do the math. the median household income is 74,500. 1400 a month after you make your mortgage payment, after you pay your car payment, after you put food on the table, you're telling me that family has 1400 a month in discon discretionarys

they can save or spend on discretionary purposes? there's absolutely no way. that would be like a 30 to 35% net savings rate, close to impossible. and they're delusional. just because wages may have outpaced inflation over the last 12 months, inflation's a cumulative effect and we go back to january of '21 when president biden came into office, prices are up 18%, wages up 14, 15, wages have lagged. inflation is killing the average american. voters don't care that nvidia hits an all-time high every day. the average voter doesn't care. the average voter cares they can't afford to buy eggs for easter. maria: let me take out my inflation tracker. i've got it right here. [laughter] maria: the inflation track r is in my hands, okay. motor vehicle insurance up 20%. this is year over year. sewing machines, fabric, supplies, up 11%. admission to sporting events up

11%. tax return preparation, 9%. look, you've got the inflation spreading out to services now. it's up 18% on joe biden's watch. sure, it's down from the highs. but you're still seeing a major pressure and he's not stopping the spending. he's pushing through his student loan forgiveness. that's just more stimulus. >> it's unbelievable. the savings rate is at 2%, not 14 they're talking about. 2%. in fact, interest rates kicked in, student loans kicked in last november and these people are drowning and they're telling them they're fine. at the end of the day, that's why they're winning people over in chicago. people realize the narrative the is a false fairity. maria: they -- false fairity. narrative.maria: inflation so h because of excessive spending. >> it's agreedy corporations, -- greedy corporations. maria: it's the snickers bars. yeah, it's snickers' fault. >> numbers don't lie. the american people realize when

their electric bill is going through the roof, they recognize when they're looking at the he thehighest levels of auto defaut we've seen since the great recession, looking at the fact we have the highest level of credit card debt in the miss history of america, the highest rate of interest since we started tracking in 1994, a popular year these days. that's what we're dealing with right now. look, the biden administration can talk about bidenomics all they want but that's what people are actually focused on, am i better off today than i was four years ago. the policies are setting us in the wrong direction. maria: don't forget about oil and gasoline. this is the underlying component that's kee keeping inflation elevated. you're looking at declines in some areas. that's because of the president's climate change agenda. he's blocking all fossil fuels, that's not only an economic issue but a national security. >> if you look at where the country needs to be, we need a

blended economy, t that means natural gas and nuclear energy. that helps democrats hit the reductions in emissions that they claim they want. everything they do is to pass policies that take the environment and the economy in the opposite direction and drive us into the hands of dictators around the globe that had hate america and have no interest in anything they claim are the issues that are going to turn the world into a burning death star. maria: markets are on the move this morning ahead of the ppi which is coming out in an hour and-a-half. we also have retail sales, both coming out at 8:30 a.m. eastern. the word on wall street panel is here with expectations. don't miss that. you're watching "mornings with maria" live on fox business. we'll be right back. ♪

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maria: welcome back. it is time for the word on wall street. top investors watching your money. joining me is ceo kyle wool, also with us this morning is mark tepper and chris mcmann. thank afor joining the conversation, kyle. we appreciate it. chris, i want to look at markets with you right now as we kick this off. look at this rally underway, dow industrials up another 141 right now, the nasdaq is up 81, s&p higher by about 18. the s&p and nasdaq closed lower yesterday but that was because of nvidia. the tech sector with some pressure. but we have seen that group lead this market to record territory of course. last year and year-to-date. thewall street journal writing this frothy stock market isn't crazy enough to be the bubble. >> this comes from six stocks. that is a bubble.

we're telling our folks, look, if you own these securities, pair those holdings a little bit but we're not buying nvidia today. we think it's a great stock. we're thinking to ourselves there's some equal value stocks below. we think it's a bubble and at the end of the day people forget the magnificent seven they 2022 lost $4.1 trillion in market cap. we've got to remember. that was 20 months ago. it's going to happen again at some point. maybe not to that extent. you have to understand they come down. the guys down the street on wall street, i don't think they're understanding it's going to come down. maria: that's what howard lutnick told me as well. kyle, i like what you said. you said cyber security could be the 2024 story and i think i adegree with you on that because -- agree with you on that because you've got semiconductors and technology on the one hand but then you've got all these national security issues so when you say cyber security could be the 2024 story, what does that mean? are you investing in cyber? >> i am. i think there's a lot of good stocks out there, like palo alto

networks is one we have on our radar. working in wall street, governed by the s.e.c. and finra, one of the biggest things they're focused on is cyber security. every conference i go to, they want to make sure customer data is protected. they want to know what's going on, how often they're looking into us and i see a lot of money going into it. i think it could be the real story. i think because of that, you could see stocks like dell and hp do quite well, traditional hardware manufacturers will be rolled out into the wall street firms. maria: technology related to surveillance, related to drones, national security companies? >> i think national security but i also think the banks. i think wall street as well. they're all worried about them coming into our data. maria: what about automakers scaling back or delaying electric vehicle plans because nobody wants the scars. the car. auto executives still predicting an increase in years to come but the treasury secretary talked about this yesterday with white house correspondent edward lawrence, saying biden's

inflation reduction sparked a boom in the ev sector. here's what she said. >> can government subsidies overcome the h hesitancy over evs? >> i think the future for evs is well bright and while sales may not have grown quite in line with expectations over the past year, they have grown markedly and we're in the process of using funds from the bipartisan infrastructure law, building out ev charging stations across the country, more subsidies will come into play that will help make these cars affordable and a over time their costs will decline. maria: well, here we go again. using taxpayer dollars to push out this president's agenda. evs. what do you think? >> i think in the famous words of another fed governor, it's i rational ex youtube presence et

yellen. the biggest automaker is down 11%. the price of the evs, they've come down. they're still over $50,000, the average price of an ev, 30% higher than an internal combustion engine. if you're a first time buyer, it's $2,000 to install a charger in your house. maria: crazy. >> i think it will be more hybrid in the future, maybe ev a decade from now. maria: it's not resonating. they're not selling. mark, meanwhile bitcoin is on a massive run. look at crypto this morning, pulling back but bitcoin proxy firm micro strategy up 180% year-to-date, it raised $782 million in a debt sale to acquire additional bitcoins, the stock is up this morning by 11%. and we just spoke to dna co-founder brock pierce saying that bitcoin can go between 100 and $150,000. what do you say? >> i'll tell what you. from micro strategy standpoint

you don't raise 500 million or billion, i don't know how much debt they raised, a ton of debt, to buy bitcoin unless you think it's going up. look, there's certainly a ton of things that could take bitcoin higher. you know, obviously supply and demand. you look at new supply coming online is going to be cut in half effective i believe april 17 is when that will happen. maria: that's a big deal. >> it is a big deal. you look at the etf rollout, there's like $23 trillion in iras and 401-ks today. $23 trillion. a year ago, you couldn't allocate any of that money to crypto. now all of a sudden with there being legitimate crypto etfs on the market, some of that money can start to rotate into the etfs which promotes more buying of crypto because they have to back stop everything that's in the fund. so that's another cat lift. and then you -- catalyst. then you look at bitcoin is a

hedge against reckless fiscal spending. look at what we're doing in the u.s., we're spend mo spending mn we take in. the path we're on is unsustainable. i think bitcoin, crypto overall gives investors a hedge against that. you have to size it appropriately. it is still a speculative asset. you don't throw 100% of your money into it unless you're willing to potentially lose it all. maria: kyle, you bought some recently right. >> i did, the first day the new bitcoin etf came out. first time i ever bought bitcoin. maria: kyle, thanks for joining us this morning. mark and chris, you're with us all morning long. tiktok on the chopping block, a bill passed to force them to i did you vest dir parent company. congresswoman victoria sparks is

here to tell us more about that. you're watching "mornings with maria." live on fox business. stay with us. ♪

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>> i talked to a number of senators. a lot of them are looking towards how strong the vote is. the fact that it's such an overwhelming vote for republicans and democrats bodes well for this version of the bill to be taken up in the senate quick. maria: that was house majority leader steve scalise sounding optimistic about the tiktok bill, chances in the senate, after the house passed the legislation yesterday. this would force chinese company bytedance to sell tiktok or face a ban in the united states for tiktok. tiktok's ceo is claiming there's a lot of misinformation about the app, he's vowing to keep this fight going. watch. >> this legislation if signed into law will lead to a ban of tiktok in the united states, even the bill's sponsors admit that's their goal. this bill gives more power to a handful of other social media companies. it will also take billions of

dollars out of the pockets of creators and small businesses, will put more than 300,000 american jobs at risk. i encourage you to keep sharing your stories, share them with your friends, share them with your family, share them with the senators. protect your constitutional rights. make your voices heard. maria: joining me right now is indiana congresswoman victoria sparks, a member of the house judiciary committee. great to see you this morning. thanks very much for being here. your reaction to what you heard from the ceo of tiktok. >> well, listen, i think we needto understand we have a sers national security risk, we have over 100 million americans involved with tiktok and tiktok is owned by chinese company whose completely controlled by communist china. let's not kid ourselves. communist party has full control of any company that is registered and doing business in

china. we have a big problem. we have big monopolies controlling a lot of data, using a.i. and now communist china is manipulating the data and we have an ill-educated electorate. it poses a significant danger. i'm glad that the house held their ground and i hope the senate will come through. maria: what happens in the senate, though? if it dies in the senate it's over, right? >> well, listen, i think the senate will do whatever -- if president biden is serious, then the senate will do it. that's going to be a task. he's been very weak on china. he was president biden, with the audits in china, the same thing he did recently when he passed a bill, i think he's been very, very weak on china so we're going to see if he's really honest about that he will put pressure on the senate for that

bill to pass but if it's not going to pass the senate it means he's doing messaging and talking points because he does that a lot and unfortunately that's why we have so many problems around the globe. maria: it's interesting because even as he agrees there's a national security issue for tiktok, he is on tiktok. and he's doing videos to speak with young people. you say biden is weak on china. what are your thoughts on that memorandum of understanding that he signed when he was vice president back in 2013, 2014, which2014which allowed chinese s to list on u.s. exchanges but not follow the rules of other publicly traded companies, according to the securities and exchange commission. why would he aallow the chinese stocks to trade on the exchanges and not follow the rules of other companies. >> i was stunned to see that. because we have so many operations, very risky, communist country and we

exempted china. that totally didn't make sense to me. and that created significant loopholes and now we've seen even recently that all audits failed miserably and we have -- i mean, we have billions of our pension funds invested in some of these indices. they're not even audited. a lot of americans don't realies it. if you want to invest in communist china, go ahead and do it but don't do it or don't force people that don't want to do it. we definitely need more trans parent he sigh on that. what he -- transparency on that. what he did recently, none of the companies were delisted and this is a serious, serious risk to our financial markets. maria: yeah. well, after offering to testify publicly for months, now hunter biden said he's not going to appear before the house oversight committee public hearing next week. his partners will, tony bobulinski said he will. he's agreed to testify publicly.

but hunter biden has said he's not showing up next week. your reaction? >> well, listen, that's not very surprising because ultimately he had showed during his testimony and when we did his deposition he was totally reluctant to answer questions and had stories that didn't make suns but the matter is, -- make sense, but the matter is, you can see what's happening right now. the biden family, being in the government, you know, you have vice president of the united states telling ukraine you need to fight corruption but his son is making millions from one of the most corrupt russian oligarchs. this is disgraceful and makes him look really stupid. it's embarrassing for the united states to have situations like that. you've seen him say what he did with classified information that he was using to write a book and make millions of dollars. it's very confusing. the doj is so corrupt, theyed

covered it up. they have a double b standard. if it's donald trump they're going to raid your house. if it's clinton or biden, they got away with it. it's unfortunate reality of our politics right now. maria: you say it's embarrassing. that's the least of it, embarrassing. how about national security and the way it may be putting the country at risk they john solomon at just the news is reporting this morning that hunter biden and partners aided the chinese bid to corner new clear energy and the -- nuclear energy and the market for n for nuclear energy in the united states. are you looking at this? what is your evidence to tie i tie joebiden to all of this. >> we are looking at a lot of evidence. the evidence is very clear. if president biden, vice president at that time, didn't care about what his son doing all these businesses, why would he go and bring his business partners to meet him. if you have a son that has all of these problems, maybe you talk to him on sunday night.

why would you show up and bring actually to his business meetings, why would you make calls during his business meetings? there is no other explanation, unless you empower him to do the shady dealings with a lot offinf oligarchs in communist countries which is a very serious national security risk and a we have a president that could be compromised by foreign addadversaries. it's a huge problem. we need to get to it. we're going to finish the investigations. it's not a political issue. it's a serious national security issue. maria: let's talk about the robert hur situation, white house press secretary karine jean-pierre declaring this case is closed, former special counsel robert hur's testimony on president biden's mishandling of classified documents, hur revealed that biden willfully retained the documents and read out classified information to his ghost writer. congresswoman, you were in the hearing with hur and you faux focusedon his decision to not ce

president biden. here's a clip. >> it's interesting for me, when you talk about sympathetic, well-meaning older man, elderly man with poor memory, seems like every attorney would advise you to be sympathetic and well-meaning. was it anything more than that, just i don't recall something, for you to go further, the charges. >> what you're asking is how the president presented himself during the interview in october of last year and of course i did take into account not just the words from the cold record of the transcript but the entire manner in living color in real-time of how the president presented himself during the interview. maria: so congresswoman, are you of the mind that he should have pressed charges? >> well, listen, these people are con artists. they're very good at presentations but it's unfortunate what he did. one thing, yeah, he can claim that biden probably does have real serious ma' memory probleme

couldn't see from the report, the interviews from the ghost writer but he definitely understood -- his memory is not that bad not to understand that he was retaining and disclosing classified information. that was very obvious. and for the department of justice not to press charges, especially the prosecutor, i think that is very unfortunate. the special counsel should have done that. but i'll tell you, the department of justice has been covering up, now biden and clinton family for a very long time. they have a significant double standard and two-tiered system of justice and unfortunately they didn't do it. maria: we'll leave it there. good to talk with you. quick breaked and then treasury secretary janet yellen said rates are unlikely to return to pre-pandemic levels. jim grant is here with his had expectations. don't miss that interview coming you. you're watching "mornings with

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welmaria: welcome back, now the california senate race is heating up with adam schiff's contender steve garvey coming out swinging. cheryl casone with details. >> for her major league base pal slugger steve garvey is heading ahead of adam schiff to fill the seat vacant by senator feinstein. garvey leads by 4800 votes or so, the mlb all star joined you on sunday morning futures, saying it's time for change in the golden state. >> the last 50 years, people have come here with their dreams. they want to start families, great schools for their kids, they had their dreams and you

know what? one party state has suppressed that. it's taken the hard working people of california and it's put them into a malaise and i've walked the state the last seven months and talked to the people, looked them in the eye, and asked them about their life, their quality of life, is it better now than it was three years ago? and moms had tears in their eyes, they said steve, we get up in the money, try to figure out how we'll get through the week. >> so more than 5 million votes have been tallied, 89% of expected returns. the latest breakdown, 33.3% towards garvey, 29.7% for schiff. again, this is the open primary system. so it looks likely we'll have garvey and schiff on the ballot in november. he there hasn't been a republican senator in california since 1988. san francisco, there you go. real quick, another one in new york. alexandria ocasio-cortez is facing a primary challenge from an unknown wall street investor,

mamarty dolan. he says, quote, the r radicals can't deliver more than bread crumbs when they ignore that primary bread winners are leaving, they have abstract populist ideology. he cites disastrous bail reform, t toothpaste is locked up, criminals running free in the city. she's got about 5 and-a-half million in terms of campaign financing. he's got 58,000. so if anybody wants to help out marty dolan. maria: we'll seize about that thank you, cheryl. take a look at futures, we're looking at a market on the run, dow industrials up 145 this morning, nasdaq up another 73. we're in really record territory in a number of these averages year-to-date. take a look at interest rates ahead of the federal reserve's

policy meeting next week, the yield on the 10 year at 4.19%, up six tenths of a basis point. janet yellen said it's unlikely rates will return to pre-co-of individual pandemic levels. joining us now is the founder and editor of grant interest rate observer, jim grant is with us. always a pleasure to you. thank you for being here. i want to get your take on the backdrop here, markets are on fire, bitcoin is on fire, and the federal reserve is talking about cutting interest rates. your thoughts? >> punch bowl they say needs spiking. maria: does it? >> no. years and years ago, there was a thing called creeping inflation, this came in the '50s and economists at harvard said what the country needs is a rate of inflation of like two or three or a li little higher just to lu you bring kate the wheels of congress -- lubricate the wheels of inflation. now we have it, it's a 3ish, 3

and-a-halfish number. the question before the house is whether the fed which is i think chomping at the bit to cut rates can proceed in that direction with the backdrop that we have which is one of very, very enthusiastic capital markets, a great deal of evidence, speculation, like 3 trillion in crypto assets. i think there's tension between the fed's express desire to return rate of inflation as measured at 2% in the one hand and on the other, the goings on on wall street and some of those goings on have to do with new highs in the averages but others have to do with the stresses and strains of nonzero percent rates for business that's capitalized themselves if the past five, 10 years at about zero, figuratively speaking. so private equity, for example, private credit, infrastructure,

venture capital, a lot of these businesses, business models, came into the world to exploit free money. money's no longer free. janet yellen herself observed that. maria: and it's an important point to make because that's the difference between growth or potential bankruptcy. some of these companies waking up and seeing a much different interest rate environment. they were expecting free money. they're not getting it. i'm wondering if you're surprised it's taken as long as it has for this economy to get impacted. we had nancy la czar on lazar o. i said the economy seems fine, it's growing. i said are you surprised it took 11 -- it took this long after 11 rate hikes to actually see an impact. listen to what she said. i want to get your take. here's nancy. >> on average, how long does it take for a fed rate he cycle to negatively impact the economy. on average it's 10 quarters so

we're just now, it's right now eight quarters, we're moving into the timeline where the lag effects of the timing cycle should be having a negligence i've the impact. maria: so do you agree with that, jim? when you start peeling back the onion, you don't see such a great economy. people are tapping into credit cards, they're using their 401-k to buy essentials. inflation is still elevated. >> yes. so nancy is quite correct. it doesn't happen intaken stain contain justly. companies -- instantly. some companies hedged borrowing. some others didn't have to renew borrowing right away. when the time comes to deal with maturimature debt you're lookina higher cost of servicing the debt and real estate, for example, it's a slow moving marketplace. they don't print the valuations in the newspaper and these things take not fiscal quarters, but years. so it's not so surprising. but it is happening. maria: does this feel like the

dot-com but you y -- bubble to ? >> it certainly feels like a near bubble. on one hand, you read bain and company's critique of observations on the so-called private asset markets especially private equity which has grown like yeah a i. like crazy for the past five years. i'm not sure if they use the word crisis but it was close to it, the tone of the review of privateing which at this was one of great -- equity was of great concern and distress in the business and distress among the colleges and university foundations and e endowments ana pension funds that had gone heheavily into private equity. jay powell was a partner before he got to the federal reserve board. in early discussions during the fomc meetings he would point out that private equity is getting frothy, this is 10 years ago and

one not need to feed the flames or froth and 10 years passed with lower rates and easier access to credit and with the fed's expressed expectation that rates would remain low more or less forever. maria: it sounds like -- well, jim, i guess i shouldn't buy bitcoin right now, then? >> yes. well, bitcoin and i have never understood each other. [laughter] maria: that's true. jim, when you joined me back in december, you said that the u.s. dollar has been on a long slide with respect to purchasing power. i want to ask you about that. because we have $34 trillion in debt and fox business' white house correspondent edward lawrence spoke with janet yellen yesterday about the dollar. watch this. >> are you concerned about chipping away at the reserve currency status? >> i think the dollar has always been and i believe will remain the most important reserve

currency. there really is no rival in terms of the depth of u.s. financial markets, the liquidity of u.s. treasuries, the institutional and legal structure underpinning the use of the dollar and its broad acceptability. maria: what do you think? your reaction. >> what is the secretary of the debt going to say? maria: secretary of debt, yes. >> like asking larry fink if he's bullish on the stock market. the reserve currency, as fragile as it is, it's one that's terrifically long lived on a historical term. british pound was the coca-cola of monetary brands of it's day. it lingered long after great britain lost the -- it lingered into the 1950s. the dollar does have the virtue of being as it were the cleanest

dirty shirt in the not entirely presentable laundry of worldwide you paper currencies but we are running immense deficits and by the way, since 2021, january of 2021, consumer price index has risen 18 and one half percent so when janet yellen says she has -- she says i regret saying inflation was transitory. it's never transitory. you never regain the purchasing 30u y power of the currency yout with inflation. people focus almost entirely on the rate of change of inflation but inflation itself, the loss of purchasing power, the theft that the government willfully -- i use that word adviseabley -- willfully inflicts on the savers, on life insurance holders, this -- it's a permanent mark against the dollar and the world sees that

america is willfully inflating. it sees it in the intention, express intention to run a data set of 6 or 8% of gdp indefinitely. you said in the federal reserve, eager to cut its rate in the presence of the great 9 alarm speculative fire which for many people is the most pleasant thing they could imagine. maria: it's really dangerous. it's really dangerous. real quick before you go, the fed is meeting next week obviously and the idea that they're going to cut interest rates, you're not buying any of it, are you? >> well, i'm not -- that's not for me to buy or not buy what these people are going to say. maria: in other words, you're not expecting a cut in rate any time soon is what i'm asking. >> no. well, they might decide that three-ish is fine. maria: 3% inflation. >> yes. they might decide if view of the financial backdrop -- let us

hypothesize that somebody walks in front of a bus in the world of privateing private equity, s trouble in the private equity world and the trouble instantly expresses itself in a crisis of endowment pudowment funding, ite front page of the new york times, i could see the f fed wod walk back, the concern over inflation and to he focus on financial stability as they would define it. however, i think there's also a chance this year that the fed raises if they have confronted with an accelerating rate of inflation, they feel they have no choice and who is to say that the 3.2% thing couldn't go up. we have $80 oil price, no longer 70, et cetera. maria: it's a great point and that notion is not in this market. >> no, no, not at all. it's the most contrary thing you -- almost the most contrary thing you could say. maria: that would obviously, if that were to happen, cause real disruption in the stock market i

would imagine. >> i think it would indude. indeed.maria: it's great to has conversation. we appreciate your time. we'll be right back. business. it's not a nine-to-five proposition. it's all day and into the night. it's all the things that keep this world turning.

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her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we got him under a new plan. but then they unexpectedly unraveled their "price lock" guarantee. which has made him, a bit... unruly. you called yourself the "un-carrier". you sing about "price lock" on those commercials. "the price lock, the price lock..." so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. maria: welcome back. time for the morning buzz. california looks to impose a new electric plan for residents based on how much money they

earn. households earning $28,000 to $69,000 would be charged an extra $20 to $34 a month. but if you earn $180,000, then you're going to pay 85 to $128 monthly surcharge. yes, the california public utilities commission has until july 1 to impose new electric rate structure. joe, so in other words, it's not about the electricity you use, it's about how much money you have. >> look, this goes back to nerd history. like new york city when we didn't have universal metering and they said water should be as free as air. right? and now it's the opposite in places like california. they're so committed to the ideology of trying to punish people who make money and they're so committed to these policies, what powers a robust america in many ways must be rejected that in the end people who do the right things, pay the highest cost quite literally. maria: it's their policies,

they want to charge the highest earners and they want to jam their climate change agenda down everybody's throat. >> there you go. maria: do it all in one shot. >> there you go. essentially, yeah, they want people in beverly hills to pay more per watt than people living in watts. you know. so and you look at -- if california has an electricity issue, you need to back off the wind and solar train and you need to realize that you need nuclear, you need fossil fuels, so yes, their whole green agenda is certainly working against them. but for someone -- if you're wealthy and you're sitting in your house in the evening, burning candles rather than turning the lights on and you get penalized, like it's just insane and that's the reason you continue to see a mass exodus of higher income people out of california to places like texas and florida. maria: same thing is happening in new york as well. we're going to talk about. let's take a short break and come right back on all of this. stay with us. back in a minute.

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it says. >> welcome back. good thurpgs morning thanks for joining us. i'm maria bartiromo i hope you are having a good thursday morning thursday, march 14 before 8:00 on the east coast time for hot, hot hour house

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