[ indiscernible ] well find out. Are you willing to go to war with iran . Youll find out. Youll find out. I have a feeling, and i may be wrong, and i may be right, but im right a lot, i have a feeling that it was a mistake made by somebody that shouldnt have been doing what they did. I think they made a mistake. I think that somebody under the command of that country made a big mistake. Charles joining me now, retired general anthony t after. Youre also the author of the book, double cross fire. We appreciate your expertise this morning. How do you assess what went down . How do you think the administration handled the situation . Thanks for having me. I think what were looking at right here is the president ordered one of two things which could have been a probing attack to see what kind of air defenses the iranians had and then there were a series of decision points built in there to go or no go, based upon the level of defense that we saw. Or it could have been simply a show of force, used in concert with a deliberate diplomatic overture. This president , this administration has been very good at synchronizing the elements of National Power where you have diplomatic, informational, military, economic. Weve got sanctions going on, squeezing iran real far for supporting hezbollah and developing the Nuclear Program and all of that. Then weve got a military show of force in persian gulf with Carrier Strike group and we also have very good Information Campaign going on and iran gets a vote too. They have an Information Campaign. Were playing brinksmanship with iran and this chaotic picture that the New York Times is trying to paint i think is pure trump attack. It really to me, my sources tell me that we had jets in the air. We were probing. And we had a series of go, no go decisions. Charles general, i want you to take a listen to what lawmakers from both sides of the aisle had to say as they weighed in on the situation. Heres what iran needs to get ready for. Severe pain. Inside their country. That their capabilities pale in comparison to ours. Were not going to let them disrupt navigation of the seas, attack our allies and u. S. Interests. If theyre itching for a fight, theyre going to get one. The president may not intend to go to war here, but were worried that he and the Administration May bumble into a war. We told the room that the democratic position is that congressional approval must required before funding any conflict in iran. How we go forward from here has to be strategic and smart and close alliance with our allies. We have common interest in the region. We know that the high tension wires are up there and we must do everything we cannot to escalate the situation. Charles general, i was shocked a little bit not only with some of the comments from congress, but also with the mead media, would seem to take President Trump to task for not acting for aggressively. What are your thoughts about all these comments . You know, the president is not an interventionist and he does not want war. He campaigned on really getting us out of the wars that we were in and defeating the enemy quickly. He prefers overwhelming force and quick victory, sort of president hw bush style in desert storm one, i think thats more akin to what President Trump seeks as opposed to what weve been involved in over the last 18, 19 years. And he will not i see know path to war, ground war in iran. What i see is him defending our vital interests in the region. We have serious vital interests in the persian gulf region, relationships with many of the countries in that area, and the free flow of oil and commerce through the persian gulf. The oil fuels the world economy. So as you led the show with, the prices of oil. I think thats what were doing is protecting the shipping lanes and thats what the u. S. Navy does. Charles the federal Aviation Administration taking action, barring all u. S. Carriers from flying over iran, other carriers around the world also announcing similar moves. Whats your reaction to that . I think thats prudent. I think right now iran is in a pretty aggressive posture. Theyre feeling the pain from the sanctions and theyll do whatever they can to continue to get the headlines and get attention. Theyre playing a little bit like kim jong un did in the past, a couple hell years ago, and i thinkcouple years ago, it would not be surprising if they were to go rogue and have what the president called, quote, another mistake and shoot down some kind of civilian airliner to make a statement. I think the faa is being prudent and cautious here. Charles brigadier general, thank you very much for your expertise this morning. Oil prices extending their gains on this tension, crude surging nearly 6 yesterday, jackie delandeangeles, what does commos look like from here . The commodities are in a wait and see mode, after the u. S. Called off potential strikes back against iran. Prices making that near 6 move yesterday, that was big. A lot of supply out there in the market, so not as large of a percentage gain as we might have seen, say, 10 years ago. But still, oil is trading around 50 not long ago, now its closer to 60. This is a substantial move. When there are geopolitical tensions overseas, the markets can be rattled very quicklies especially if tensions escalate. Its something to watch. I want to draw your attention to gold prices. We say a big bumpup, just under 1400 yesterday. We havent seen those numbers in quite some time. Gold is moving a little lower today. Some would say this was a safe haven trade on the back of geo politics, but mostly moving higher because of what we heard from the te fed this week, soung like it will be poised to cut Interest Rates this year. When you have a doveish fed, you see the dollar move lower and the gold prices move higher. Thats why we saw a big jump in gold. But something to watch as we go forward as well. Charles thank you very much. Well see you in a bit. A refinery goes up in flames in philadelphia and Cheryl Casone has those details. Cheryl weve been tracking this breaking news since last hour. He local reports say it began about 3 00 this morning eastern time. Here are the pictures that were watching. Hazmat fire crews are on the scene right now. We dont know what caused the explosion or if there were any injuries. Some neighbors are reporting that they heard the explosion knocking the art off of their walls and saw it happening in the middle of the night. Pretty scary stuff. This refinery produced 350,000 barrels of Oil Every Day and was the largest on the u. S. Eastern seaboard. Again, breaking news out of philadelphia this morning. Well get you updates as we can throughout the morning 678 also this, a Police Officer in texas shot and killed in the line of duty. The unidentified officer attacked as he responded to a report about a man holding a gun. That suspect has been arrested. 21 officers had been fatally shot in the line of duty so far this year. And in florida, a Highway Patrol trooper dragged nearly 100 feet when a traffic stop went horribly wrong. The trooper holding onto the car door as the suspect hit the gas in orlando. The officer not seriously hurt. The suspect is charged with attempted murder. Well, American Airlines pilots want more simulator time before flying the embattled 737 max, sending a letter to boeing chief and heres what it said. Our participation in every aspect of returning the 737 max to service and restoring public trust in the airplane is absolutely critical. Earlier this week, remember, hero pilot Sully Sullenberger stressed the need for for training, he was giving testimony on capitol hill. And the pilot union chiefs are getting more vocal about the need to make sure this airplane is safe before they get back into that cockpit. Charles and everybody understands exactly where theyre coming from. Cheryl, thank you very much. Coming up, walmart paying up, the retail giant settles with the government over bribery violations and its an eyepopping number, straight ahead. Flacks stunning opening, shares of the work social media app skyrocketing after debuting on wall street. Were going to take a closer look, next. This is something big. This is something bigger. [ movin on up by primal scream ] that is big. Not as big as that. Sure thats big. Thats bigger. Big. Bigger. Big. Bigger. Big. But thats bigger. Wow, big. So much bigger. This is big. But thats. Well, you got this. Charles flack going public, the tech firm stock ending the first day trading over 38 a share, nearly 50 higher than Reference Price of 26. It gives flack a fully diluted valuation of 23 billion. Joining the conversation this morning, fox business jackie deangeles, the assistant Editorial Page Editor for the wall street journal, James Freeman, along with former u. S. Army special operations and strategic advisor, brad zelikovich. Jackie, flack wasnt a slacker on the first day of trading. There was a lot of appetite for the deal. That was reflected in the volume we saw yesterday. There was some concern that because it was a direct liftingg and it wasnt an ipo, that it wouldnt get the attention. In fact, it did. I think that speaks to investor appetite, which is theyre looking for deals, looking for alternative places to put capital and flack is not profitable but the profit the losses are actually closing in each year and i think investors are optimistic. Charles its been a good week for enterprise software, right. Or even ipos. You had pager duty which did very well, you had zoom which did extraordinary, oracle and adobe through the roof. Very few are paying for slack right now. I think it really is a show of force, not just the stock rising but to do a direct listing, cutting out the traditional wall street underwriting model with a brand that is not one of these big consumer brands, its a business application. I dont use it but obviously a lot of companies do. But yeah, another sign that the weakness on uber and lyft coming out is not indicative of overall very strong ipo market this year so far. Charles extraordinarily strong ipo. I think there were too many bites of the apple for those privately. People were smart enough to say you know what, you bid the stock up to the moon and you want me to buy it. No thanks. Having said that, though, i think wall street will come back later as this stock trades as earnings come out and if this takes a tumble, theyll say to companies in the future, hey, you dont need me on ipo day perhaps but you may need us later if the stock is under some form of pressure, you may need Analyst Research on this. You may need us to talk to institutions. You may actually need us, not on the first day but later on. Hindsight is 20 20. First day showing is pretty good. Charles it was. Theres a reason that only a handful of companies try this. Over 800 million in cash, theyll be around for a moment. Well see what happens. Slacks debut highlighting the growth of new workplace tools. Chief information officers, tech firm executives, analysts on wall street telling the wall street journal that its really driving a shift from individuals to group productivity. They also say that the showing is how much Office Workers have come to hate email. Slack says we wont have email in seven years. Its very possible. I worked at a company where all they used is slack. Everyone would say i slacked you, i sent you a message on slack. Email was not as pervasive. It depends on the culture and how sort of the diversity of the workforce and people that are working there, whether theyre going to adapt to that model. Charles i support slacking off in the workplace as a general principle. But ive never really seen the problem with email. I think it works pretty well. There have been so many instant messaging tools that have come out over the last decade or so. Im a reluctant consumer. I put up a post one time that says Im Old School because i carry luggage without wheels, i get a paper paycheck and i still use email. Charles Im Old School. Im into all the different messaging apps. Charles hes ahead of the curve. The apps are the future. This is the way its going to be. Im surprised it did so well in this initial public offering. I mean, the market is so t saturated with these different types of apps. I mean, im just surprised that it did so well in this initial public offering. Charles they made pretty good penetration in the workforces out there. Every time i turn on my computer, slack pops up. Thats everyday advertising for this company that i dont use. Another company that may be in hot water, wee works. Theyre being accused of gender and age discrimination. A spokesperson says the lawsuit is meritless and they will fight it. Youll have to monitor the story and sear where it goes. If there is any merit to this kind of suit it could be a black eye ahead of a an ipo. If not, wall street will tend to overlook these kind of things and look at the company and valuation and decide if its worth it. As i said, even with chewy last week for example, it gives you an idea of how much appetite there is for new issues and for some more diverse places for investors to allocate capital. I think most of these deals are going to do pretty well as long as the market continues to have this positive momentum behind it. Charles over the last deck ate or so, the amount of publicly traded companies out there have been sawed in half, to your point. So there is an appetite, but it helps to be controversyfree. Coming up, the record run on wall street comes amid the tariff tug of war. More American Companies urging the u. S. To drop plans that are in place for more tariffs on china. Plus, a real brawl game, two city workers suspended for this massive fight at a Little League baseball game. I was wondering where james was yesterday. Theyre doing the mess around. Theyre doing the mess around. Everybodys doing the mess around. Dear tech, youve been making headlines. Smart tech is everywhere. And youve done a lot of good for the world. But is that enough. Dear tech, weve got some work to do. We need tech that helps people understand each other. Tech that understands my business. Tech that works at scale. That works with my existing tools. That helps us help more people. Lets see some more headlines about that. Dear tech, dear tech, dear tech, were using ibm blockchain to help make sure food stays fresh. Were using ai to help create more accessible, affordable healthcare for all. Were using iot to create new kinds of digital wallets. Were exploring quantum to develop nextgeneration energy. Quantum, quantum. Thats the smart tech i need. Lets make a difference in energy. In commerce. In peoples health. In the foods you eat. Lets make a difference in government, business, and society. Lets make a difference in peoples lives. Lets expect more from technology. Lets put smart to work. But how do i know if im im getting a good deal . I tell truecar my zip and which car i want and truecar shows the range of prices people in my area actually paid for the same car so i know if im getting a great price. This is how car buying was always meant to be. This is truecar. At comcast, we didnt build the nations largest gigspeed network just to make businesses run faster. We built it to help them go beyond. Because beyond risk. Welcome to the neighborhood, guys. There is reward. Beyond work and life. Who else could he be . There is the moment. Beyond technology. There is human ingenuity. Every day, comcast business is helping businesses go beyond the expected, to do the extraordinary. Take your business beyond. Its a revolution in sleep. The sleep number 360 smart bed is on sale now during our lowest prices of the season. It senses your movement, and automatically adjusts to keep you both comfortable. It even helps with this. So you wake up ready to hit the ground running. Only at a sleep number store. Its the lowest prices of the season. The queen sleep number 360 c4 smart bed is now 1,299. Save 400. Only for a limited time. Sleep number. Proven, quality sleep. Charles headlines across america this morning. The buffalo news says eerie county clerk, i will not be granting licenses to illegal immigrants, taking the first legal step to fight a new state law that allows immigrants in the country illegally to obtain a new york state drivers license. The clerk looking for a legal representation and determine den from federal court as to what his rights are as a clerk. The denver post writes two denver city workers suspend after a brawl at a baseball game. You saw the video yesterday on mornings with maria. Police looking into the identity of 20 people involved in this brawl. The incident going viral on social media. And the Detroit Free Press reports a pontiac man who won Mega Millions during a divorce case must share with the exwife. The suburban detroit man won more than 30 million. He must share his lottery windfall with his exwife. A Michigan Appeals Court says a marriage isnt over until its over. All right, james, what do you think . Which one is more fascinating . The brawl, you werent here yesterday for the brawl, what do you think of that . Kids sports, something about it just drive people insane and i try to put it sort of separate. People can be completely nuts aboutnot that ive seen this kind of thing, ive got to say, at a kids sporting event. Its obviously way over the line. But youve got to wonder it is a problem. What do you think . Absolutely terrible to see this. I think the sporting events are getting to the point where kids arent even having fun because theyre worried about their parentparent interjecting and mt fing it about themselves. Charles its almost like pro leagues, they have traveling teams, a speed coach. They have taken this people think their kids will be noticed by the nba at age 7, that a scout will come around. Its competitive. Theyre looking forward to college, are my kids going to be scouted to get a scholarship or be on the team and will that help their admissions, possibly. Its become super competitive in terms of not just what kids are doing in school but extra clickr activities too. Charles its driving academic decisions, so people reclassifying, holding their kids back grades not for any academic reason but simply to put them in a better graduation year track for athletics. Im going to go there, jackie, was that fair for the man who won the lot tri. Lottery. I think legally spes probably fair. I dont really think its fair. If youre moved out and in the middle of a divorce, lottery winnings were off the table. Charles its not over. Maybe they could reconcile. If im in the middle of the divorce, dont play the lottery, thats the moral of the story. Coming up, wall streets record day, the s p 500 closing at an alltime high. What investors are looking for going forward. And also, start summer right now, toy story 4 makes its debut in theaters, plus a new teaser trailer for the lion king that is sure to be music to your ears. Youre the best ive ever had. Makes it beautiful. Stateoftheart Technology Makes it brilliant. The visionary lexus nx. A visual snapshot of your investments. Key portfolio events. All in one place. Because when its decision time. You need decision tech. Only from fidelity. Charles i am Charles Payne in for maria bartiroma. Iran is unnoticed donald trump plans a military strike on iran but abruptly calls about. Iranian state television showing what it calls retrieved sections of that downed military drill. Oil prices extending yesterdays run higher us iranian tensions. Goals pulling back after hitting the highest level since 2013. Futures slightly lower but we had a record run yesterday. The market hit the s p 500 surging to a record high after the future rate cuts while holding rates steady. St. Louis fed president said a rate cut was warranted due to concerns of week inflation and growth. In europe, sort of mixed ftse and cac up. Overnight the nikkei was the hardest hit following week manufacturing data out of japan. We are following breaking news, philadelphia watched by massive fire and explosions at a gas refinery. Wall streets historic highs, market closing solidly, the s p 500 setting an alltime record, gains amid signs the Federal Reserve moving toward an Interest Rate cut. Joining me, tim mahoney. What do you make first of all of this rally . I thought yesterday was phenomenal. Lindsey graham almost destroyed the rally with that tweet. Ironically donald trump talked it back up. Tweeting war. Charles everyone looking at the fed as their friends. I like what is happening. Im in the bullish camp. We gone too high too fast. The doubt 25,000, now it 26,700. Charles sell your stocks . Sentiment goes wildly bearish and the china and us couldnt get it together and widely. This way because the fed recovers in the cycle of us looking for investors looking for weakness to cut rates, the best cycle you want to be in. I dont like when we have to encourage bad economic news. Charles throughout this whole seesawing of people selling on these headlines trying to avoid these dips they might have missed out but what about the notion that powell is looking not for week news but to prevent that weakness. Mueller referenced lowinflation. At the fomc there inflation, 1. 81. 5 but powell in a press conference said this inflation drifting lower and lower is difficult to arrest. I thought that was a key thing. We know deflation is worse than inflation. Get behind the curve because trillions of dollars that is what the market reinforced, a decent economy slowing down a bit, the fed could be supportive but it has been doctor jekyll mister hyde of fed policy, october 4th far away from neutral to december raising rates. Now we talk about cutting rates. It has been all over the place, the volatility has been the policymaker of the fed weaving in and out. Charles what about beyond the headlines, beyond trade and fundamental. If you want to do Something Like that we encourage selling. We have a good blueprint on what is going to work, stocks are higher throughout the year, earnings season coming up. Those are the go to stocks, Companies Like microsoft and software companies, raising guidance and those are the news you want to be in raising guidance. Charles i wonder about the source of your bullishness, not a bad economy. Some bad signs but generally pretty good. Do you assume the china trade fight gets resolved soon or the if you whether it does or not this is still a pretty good economy . A pretty good economy. We get a partial philby have seen for a long time. We wont get the full monty. I dont see the Chinese Government cracking down companies that invade our individual properties. China can walk away from the table, they got a win and the president says they got a win but even without that, the economy could be pretty strong. How do you see the us iran tensions playing out when the us has gone to war in the past, military conflict can be stimulative, the country doesnt want that conflict. Hopefully you put enough pressure on that we dont escalate this to a war. We tried sanctions but certainly they will start shooting things down and hitting things, the president will not the bulls in irans court. They got the message, stop playing these games but should they escalate it i think we will have a conflict, a military conflict. Charles more American Companies speaking out against tariffs against china, apple on the list, dollar tree, a bunch of them have joined trade talks between china and the United States, resuming at the g 20 meeting. For me, i feel next on this because when these companies i never hear them say anything about china having 1 Million People in prison camps or learning camps because of their religion. The brittleness they have shown, the lack of freedom of speech, stealing 200 billion a year in intellectual property. I could put if it is hot enough, a knockoff version will come out of china we later. I know they are trying to protect their bottom line but if everyone has skin in the game, a trade war, how about putting your multibilliondollar buyback on the side for a second for one quarter. For one quarter. I bet they put it aside forever because they are about to go bankrupt, 2 billion of stock that went from 605. Why not be more supportive of this . The Silver Lining in this, hopefully companies diversify away from china, 90 of their imports come from china. That is not a good strategy that is learned, the tariffs down the road, maybe they go to vietnam or taiwan or start manufacturing and bring manufacturing back to the us. The Silver Lining is because of this feud, Companies Look to diversify their sources and supplies. Before weve seen a lot of that, mexico is the big winner so far. They have done extraordinarily well. That is why i think quickly stock buybacks . This is the go to. This is how we get those eps numbers. Charles when joe biden announced his First Official campaign speech, im not against the but im against them when a Family Company or companies stumbling that somehow ceos and executors are being paid in that stock but those other companies you wont be buying back. Blog on bad investments. Charles game stop is a good example, they started buying that back big time. At 56, 5 or 6 bucks right now. 2017, the ceos compensation with 6. 5 million, 4 million of that was stock. That is nuts. In a company that was laying off people, closing stores, they should have been a digital formula but they didnt. Weve got it on the board. 56 a share, that was a terrible decision. You bring up a great point. One of the criticisms of the tax cut was companies are using this money to buy back stock instead of reinvesting it which is what the goal would be. You cant tell them what to do with it when they are saving money but that is the trend. Charles 770 billion brought back in the first year from overseas. We hit you from every angle, my man. The healthcare industry, Cheryl Casone he, you have those details. United health, 3. 2 billion, according to reports in the journal this morning, this Company Offers Payment Processing services for Healthcare Companies and insurers. Walmart settled a 7year criminal investigation, retailer has agreed to pay 282 million to put to rest charges that it funded bribes around the world to win business. Pleading guilty to violating the foreign corrupt practices act, all of this according to the sec. Under this deal walmart will admit to having week policies to catch consensual corruption. Grab your sunglasses, it is the first day of summer and the longest day of the year. We mark the summer solstice at 11 504 am eastern, that is the moment the sun is at its highest point in the sky assuring the summer and season in the northern him a. Expect the real heat in about a month. I will talk to all of you on july 21st. Strike your best pose for summer, national selfy day, grab your phone, snap away, go ahead, share it with all your friends. Look who got herselfy game on. Maria has really kicked in her instagram game. Im loving all the pictures. Her new puppy, there is a good one. If you are watching. The ones she was taking in paris south of france, come on. Charles every morning you reminded her of that. There is sun shining, yachts behind you. Charles i have never taken a selfy myself. I have been in selfys myself and never pulled the trigger, something i can put on my tombstone. Cheryl there is a first time for everything and it is national selfy day. Charles the sun is out at 11 something. Maria is stepping up her game taking these selfys. Hopefully doesnt break the internet today taking selfys. Charles i thought that was every day. I am afraid to go there because there are some people who take too many selfys. We break in your selfy game today. Charles keep it up. Toys are back in town. Change of plans. Potato head. Watch it. Lets go save a spore. Charles the tour story franchise debuted in theaters this weekend, a new lining king teaser trailer sure to be music to your ears. Take a listen. At comcast, we didnt build the nations largest gigspeed network just to make businesses run faster. We built it to help them go beyond. Because beyond risk. Welcome to the neighborhood, guys. There is reward. Beyond work and life. Who else could he be . There is the moment. 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In toy story 3 most people remember you got a little emotional towards the end and cared about these cgi characters. In this one you are happy they are still around and see where they are going, they are revolving like any good sql, more things happen in their lives and i have to say it is a pretty satisfying sql. Charles they brought you deeper in. Andy has given his toys away, he has grown up and given them to a new girl and they go on a road trip and theres a lot of fun things, a new character called forky. Remember you use to make a toy out of craft things so when it becomes a toy it is not a fork anymore, comes to life. I bet you didnt know that. My brother in law worked on the production of toy story iv. I am excited to see a shout out to him. The original came out 25 years ago so this obviously resonates with adults taking their kids to the same movie they loved to see but one thing i heard was pixar regards these characters the same way disney regards mickey mouse. These are the characters that build these companies so it is important to them to get it right. They got it right. This is the dna of pixar. They are iconic as mickey mouse or donald duck or any of those characters and certain things you expect from them. You understand the jokes but like all good pixar movies it is great for kids and as a result you get everything and it is g rated. Charles i want to move on to another hot story. We got a teaser from disneys liveaction reboot of the lion king which features beyonce and Donald Glover singing the soundtrack. Can you feel the love tonight look at the stars of kings looked down on us from those stars. The world for once in perfect harmony and so will i. Charles the song sounds beautiful and was that James Earl Jones . That was James Earl Jones. Charles they sold me. That is the film that will break almost every record. Toy story iv wont break incredibles ii which is 182 million. This will be between 150160 but lion king, forget about it. Might as well print the money. Charles it looks like it appears to be liveaction but is actually computergenerated. It looks real and that is all that matters. Like avatar. Charles so far this has been a dismal box office here except for disney. It has been held back by all these sequels was how many times can they keep going back to the well . That well seems to be running out for some blockbusters. I was going to ask why they dont make more of them. Charles men in black was a bust. There was something else. Dark phoenix was a bust. Charles x men. At a certain point if toy story is good you see the characters involved and you got to care. If you have new characters in a reboot charles mike sergeant, thank you very much. Coming up, breaking news, massive refinery fire in pennsylvania that sparked, we will show you some pictures. You can see it still burning. We have details straight ahead. . Thats a blazer . Thats a chevy blazer . Aww, this is dope. This thing is beautiful. I love the lights. Oh man, its got a mean face on it. It looks like a piece of candy. Look at the interior. This is nice. This is my sexy mom car. I would feel like a cool dad. Its just really chic. I love this thing. Its gorgeous. I would pull up in this in a heartbeat. I want one of these. That is sharp. The allnew chevy blazer. Speaks for itself. I dont know who they got to design this but give them a cookie and a star. Charles a big week on mornings with maria, here are some of the highlights. It is monday, june 17th, we are coming to you from that conference. Business is more fun in the south of france. It is. You think the president risks taking away the juice we got from the taxcut plan . s total purpose is lower trade barriers in the way he is going about doing it is negotiating with the chinese who are huge in this world and got to be brought on board to make freer trade. When youre in incumbent you run on your record. He is going to have to make that record in variance to americans and that is about the economy. Chinese attempted to dominate 5g as part of their 2046 plan. Chinese law requires Companies Like huawei to participate. Huawei has gone from being a subordinate player behind no kia, ericsson and samsung to the largest equivalent supplier in the world. Maria blackstone chairman Steve Schwartzman blocking 188 million to oxford university. Oxford is the number one ranked humanities faculty in the world and the number one rank Philosophy Department in the world. What is compelling for me was looking at the way their expertise, their knowledge of humans and humanity and western culture basically fit in terms of what we have to do to figure out with a i what you can introduce, what appropriate regulations are. Charles we are headed out of this world literally, nasa opening the International Space station to a private astronauts and international business. Daytoday in space working on experiments keeping the space station running at Peak Performance and going about our business as astronauts. We are orbiting the earth, 250 miles above the surface of the earth. Living on the International Space station in an environment that was never designed for humans, humans were not designed for this environment. 600 Million Viewers by 2020 watching e sports and just like traditional sports they want to be great at this competitive entertainment. Projected to be 1. 2 billion industry by next year. Charles revolutionizing the Music Industry from Vinyl Records and cassettes to streaming music on the go. As someone who is a writer of maria maria, hips dont lie, 911, the catalog of over 400 songs. When streaming goes up the value goes up. I have some breaking news. My catalog when i wrote this song for carlos santana, maria maria, i was really maria i love that song. Thank you so much for that. Charles so maria has that clip. He looked amazing, and incredible week over there. So much great conversation coming out of it. Charles it wasnt a bad place to be. There is a blondey song called maria which is excellent. Written not going to sing it. Charles put that in the opening makes too. The producers are listening. Still ahead, Zion Williamson not necessarily man bites dog. He goes first in nba draft and his emotional response making headlines in the next hour of morning us with maria. He will see it. Ent that created the stock exchange. Just the right elements coming together. It started when scores more people came together, just down the street and traded bonds that helped pay for the revolution, and the nation it created. It started in an office on the corner where the right people witnessed the telegraph and brought information and humanity together forever. It started with the markets, bringing together steel and buildings and silicon and medicine and rockets. We believe the possibilities of life and investing are greater when we come together. Its why for eighty years weve connected ideas with technology, data with inspiration, investors with solutions. So that every day together, it all starts again. This is something bigger. [ movin on up by primal scream ] that is big. Not as big as that. Sure thats big. Thats bigger. Big. Bigger. Big. Bigger. Big. But thats bigger. Wow, big. So much bigger. This is big. But thats. Well, you got this. Charles good morning many im Charles Payne, in for Maria Bartiromo. Its friday, june 21st. Your top stories at 7 00 a. M. Iran is on notice. President trump planned a military strike on iran then abruptly calling it off. Iranian state television is showing what is calls retrieved sections of the downed u. S. Military drone. The faas move to bar all u. S. Airlines from flying over iranian air space, commodities moving amid the rising tensions. You can see oil prices extended yesterdays gain. Meantime, gold pulling back after hitting a sixyear high. Checking on the big board, equity futures have been lower, under slight pressure. After a record close for the s p 500 yesterday. Lets check on Global Markets. In europe, its been a mixed picture. Thats not europe. But i think we have two of the three major indices there up. You can see right there, the german indices down very fractiofractionally. In asia, markets mostly lower. There are new warnings on china tariffs, apple, fit bit, among the latest Companies Joining in a letter to the administration. Jason penny says tariffs will affect women more than men. A massive refinery fire lights up the sky in philadelphia. A sec n shun o shun of the refi section of the refinery still operating. And Zion Williamson is the number one pick in the nba draft. Its the postselection interview that goes viral. With me this morning, jackie deangeles, James Freeman and former u. S. Army special operations and strategic and white house defense, brad zelikovich. It was such an amazing day yesterday with so much news coming off the fed, the iranian strike, President Trump. Were you surprised at the he restrainrestraint that he showe . A little bit. Were sort of speculating his comment that he thinks it was a mistake, the iranians dont say that. The iranians you say it was in their air space. We say it was in International Air space. I tend to believe our military over theirs. A little bit. The Rising Oil Prices today suggest that maybe there will be more action, although i think jackie made a good point at the top about how things have changed and this is really the u. S. Energy revolution and of course weve got an embargo on iranian oil but even instability in the middle east doesnt move the price that much and i think its because of this fracking Awesome Energy development here in the u. S. I remember the days of 20 geopolitical premium in oil. Charles President Trump saying okay, he called off the strikes but that he wants to talk to tehran on various issues and they have a short period of time to respond. So the clock is ticking. Where do you see it going . I was very surprised we didnt wake up in the morning with some sort of strike that took place over there. Im not sure if it was maybe intelligence they had to indicate there was confusion over who charles President Trump said something about scientific evidence, in other words, that it was a mistake but that it sounded like they had some sort of evidence to prove it was in international maybe thats the case. The iranian hard liner versuss e been covertly at war with us for years. This was a drone for intelligence collection, it flies a very specific pattern. Theres no mistaking that they wanted to take this down. They absolutely did this deliberately. Im really surprised that this happened. I dont know if maybe there was conversation can congress where it was maybe restricted, the authorization to use military force, so there was a debate there. Either way, tensions will continue to rise. If we dont stop this now, they will to d continue to do it. Theyve been doing it for 39 years. Charles President Trump ordered a retaliatory attack yesterday but then called it off at the last minute. He commented on this yesterday. Take a listen. Iran made a big mistake. They made a very bad mistake. [ indiscernible ] youll find out. Are you willing to go to war with them . Youll find out. Youll find out. I have a feeling, i may be wrong and i may be right, but im right a lot. I have a feeling it was a mistake made by somebody that shouldnt have been doing what they did. [ indiscernible ] i dont know. I find it hard to believe it was intentional, if you want to know the truth. I think it could have been somebody who was loose and stupid that did it. Charles joining me now, pennsylvania congressman, Foreign Affairs Committee Member and iraq veteran, scott perry. Thanks for joining us this morning. Help us unpack what happened in the last 24 hours or so. I do think that the president doesnt want to go to war but as your other hosts say, the iranians have been doing this to us for 39 or 40 years. Weakness is provocative and theyve seen no sign of strength from the United States for a long time and theyre testing the limits of this president. Theyre trying to provide more space for good deal for them, provide bargaining space, a place to come back torques thats why the escalation. Once they escalate, they can drop down. I will say i dont necessarily think it was a mistake but as i guy who has flown on border, theres no line. The iranians will fire at you if you get close. We have absolute we lived through that. But i think theres probably more to the story here and the president has provided some space. Theres something going of on behind the scenes and the other shoe is going to drop. It might be military but it really might not be. I think there is a lot of levers that the president has to pull on individuals in iran, on Financial Issues that really are going to be crippling. I think he can turn the screws down a lot more than he has already and it doesnt necessarily mean military involvement. That is the final push when you get to the military, but even at that, there are stages that we have to go through and so i think theres still a lot of room here to get to where we want to get to. The question is, are the iranians really serious at all . Charles congressman, it feels like when those initial oilwhen the waivers were removed, it seems theres a serious correlation to stepped up acts of provocation, the tankers, the actions in different countries. It feels like maybe thats when iran started to really step this l wholwhole thing up. You have to remember i mean, obviously they know they would lose in a serious military confrontation with us. I heard one thing they think they would win, though, is nationalism. Theyve got serious issues within their own country, that this may be a way to regalvanize the country and maybe quell some descent. Could that be part of their strategy . I do think thats part of it. With the protests going on, this makes a common enemy for all the citizens. Theres a lot of peace and freedomloving iranian thats would love to get rid of the regime. This kind of does help to galvanize them in that. Theyve got a tough nut to crack here because as you said earlier, with the Energy Dominance of america and america exporting, they dont have the influence that they used to have in the Energy Markets and you can h see just the prices at the pump arent as inches flensed as they used to be. Influenced as they used to be. The other countries that are receiving iranian oil are going to see the pinch, not america. Were really in the drivers seat. Iran knows it. Theyve got to play it carefully without getting into a military conflict. Charles a lot of people who weighed in on this, particularly the other side of the aisle, are saying we need to get our allies involved. Every time i hear of that, i think of the yellow flag, maybe red flag. Im not sure our allies move fast enough or if theyre on the same page were on. I would agree with you. If you look at common history over the last 3 39 years, folks who we thought were our allies, we found out they were doing a lot of business with iran, which led to death of american citizens, whether in iraq or elsewhere. We have to be careful when our allies are involved. Sometimes theyre not quite the friend we hoped they would be. Its better when america drives the train and sets the conditions. As long as we do that, i thinkal lies can be involved allies can be involved, but we have to lead. In the past, we have not been there. I said weakness is provocative and iran is testing this administration to see if its like all the rest who have talked big and delivered little. I suspect theyll find Something Different with this president as pormost of the world has recenty seen. Charles the faa has banned carriers from flying over iran. Your thoughts on that . Its all about turning the screws down on iran and isolating them. Thats one more measure. They want to be part of the world and want to be able to ship stuff in and out, whether through the ground, air or the sea and its one more hurdle they have to go through and explain to their people that are suffering under the joke of the theological totalitarian regime where their life those be so miserable, it makes it tough for them to rule. Thats the point here. Change how you act and all this will end. You keep on threatening neighbors and killing our allies and friends, then youre going to have to suffer this. Charles congressman scott perry, thank you very much. Really appreciate it. Folks, breaking news out of philadelphia. A massive explosion and fire at a gas refinery still burning this morning. Plus, market rally, record highs on wall street as u. S. Businesses protest u. S. China tariffs, who are they really trying to protect. Thats next. So wake me up when its all over. When im wiser and im older. All this time i was finding myself. And i didnt know i was lost. Experience the style, craftsmanship and technology that have made the rx the leading luxury suv of all time. Lease the 2019 rx 350 for 399 month for 36 months. Experience amazing at your lexus dealer. Or trips to mars. 4. 95. Delivery drones or the latest phones. 4. 95. No matter what you trade, at fidelity its just 4. 95 per online u. S. Equity trade. Charles a massive fire at a refinery in philadelphia. Cheryl casone has the details. Cheryl we continue to monitor this explosion that has rocked the Philadelphia Energy solutions refinery complex. This happened earlier this morning, around 3 00 a. M. Eastern time. Supposedly it knocked pictures off the walls of nearby residents, huge explosion felt by them. Its unclear what caused this. We should say that fox affiliate in philadelphia is reporting the resulting fire has been contained. Luckily, theres no reports of injuries but again, a massive explosion, theyre still going doortodoor to residents, making sure that that fire is under control. Well, the families of two more tourists who died in the Dominican Republic are coming forward. Chris palmer, an army veteran from kansas passed away last year. Barbara mitchell, a retired nurse from pennsylvania died in 2016. Dominican Officials Say the deaths are all coincidental and from natural causes, this as the fbi has begun testing mini bar samples to see if the alcohol is possibly behind the he deaths. Well have more details later today, we expect. Navy prosecutors say they have no intention of dropping the murder case against a navy seal. Even after a witness confessed to that crime. Cory scott said he was the one who killed a teenage isis fighter. Prosecutors say scott is lying to protect Edward Gallagher after being granted immunity. Gallagher served nine months in prison awaiting trial in the killing of the 15yearold isis member back in 2017. And the Supreme Court has ruled that maryland can honor fallen world war i soldier was a peace cross thats on state property. Members of a lawsuit were fighting to remove the cross on constitutional grounds. The majority determined the cross was a his r tor his histok with historical decision. Charles a 72 decision. Wow. I want to ask you about your reaction to the navy seal case. That was a twist no one saw coming. What a bomb shell. Its tough to say what is the truth with this trial. The fact is that we cant tell if this is good lawyers or just teammates sticking together. I mean, thats how navy seals operate. They stick together. And i think a lot of people are scratching their heads about whats going on here. The fact is, this is war. We train these guys to kill. And then when they go out and do it, we throw them in jail and we second guess what theyre doing. And so this case ive never seen anything like it. But did you notice also that the president s goto lawyers are a part of this case, behind the scenes. Ive seen some of the videos of the lawyers behind it. Seems like hes wanting to help this navy seal out as well. We are seeing that behind the scenes. Charles some people say despite the fact that it is war, maybe because it is war, we should have rules. Its been long established there are certain rules of war. Do you worry about not listen, no one is ever similar pathetic to isissimilarsympatho isis fighters. There has to be rules. We follow the Geneva Convention and there should be an investigation if there is a case where this isis fighter was killed because he should be treated as any other individual. We should protect him, thats what you do after you capture the fighters. I notice it was after this guy got immunity that was when he basically came out and said he was the one responsible and not the person on trial. Charles scott also said he felt it was humanitarian to do this because the fate that awaited this isis fighter would have been a lot worse, right, jackie . He said that. He also said that he thought that the torture that this victim would have suffered if he stayed alive would have been worse. So he was making a judgment call there. But definitely a twist in this case that nobody expected. To your point, there were so many stories from different people, people changing their stories, stories on both sides and in some ways theres no winner here at the end of the day on either side, obviously. People dont want to seagal gear go to jail. I dont like the idea of them going back and litigating these cases from iraq. Seems like these are starting to p pop up more and more. Years ago, these things happened. Were seeing more investigations start to come out about the situations like this. I hope it doesnt continue along this trend. Charles a lot of people agree with you, particularly as we have a massive homeless problem with the vets who went out there and served. Thank you. Coming up, kohls under serious pressure, the Company Offering a buyout to some of their workers. What it means for the retailer. Plus, a broader look at that sector, next. Plus, zion going number one, the emotional response from last nights top nba draft pick, straight ahead. Thanksno problem. 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What we dont like is relying on fancy technology for help. Snail mail we were invited to a y2k party. Uh, didnt that happen, like, 20 years ago . Oh, look, karolyn, weve got a mathematician on our hands check it out now you can schedule a callback or reschedule an appointment, even on nights and weekends. Todays xfinity service. Simple. Easy. Awesome. Id rather not. Charles welcome back. Retail in america, kohls offering a voluntary Buyout Program to some of its salaried workers, its an expansion of its voluntary Retirement Program it offered to hourly employees earlier this year, kohls looking for efficiency by readies contributing some of the redistributing some of its responsibilities. Joining me you now, tom mcgahn. You look at the past earnings season. Feels like the we heard about the death of some brick and mortar he retailers. We really saw it in the stock market. The names that just arent evolving quick enough, havent implemented omni channel fast enough, they are getting absolutely destroyed. Feels like this is some sort of evolutionary Creative Destruction period that when the dust is settled its going to look completely different. I think youre right. I think there is a lot of destruction happening in the industry. I used to say republican renais. I think a numb better of retailers number of retailers are embracing the convergence of the digital and physical world. I think thats where were headed. The consumer doesnt care, they want a great experience, whether online or in the store. Retailers that are investing in the store networks and leveraging the value of having a store network and the positive impact that has upon web traffic as well. Wrecently did a report that said when you open up a store in a he geographic area, that your web traffic went up 37 . If you closed a store, your web traffic went down in the geographic ai area. Creating a store creates brand credibility and a relationship with consumers. Charles they cant be loss leaders, they have to be profitable. What a lot of people dont realize, the most profitable distribution chan he hell in retail channel in retail generally is the physical store. The Customer Acquisition costs of online only retail are quite significant. Thats why youre seeing so many online only retailers moving into opening you up stores and theres a recent report that youll see about 1,000 online retailers open up stores in the next year, couple years, and youre seeing casper, wayfair, theres plenty more that are opening up stores who said they wouldnt originally but now are. Did that work for amazon when they did that . Seems like it wasnt that successful. I think youre seeing amazon i mean, amazons made a big bet on the convergence of physical and digital. Obviously, the whole foods acquisition, the amazon books, amazon go, et cetera. What i find fascinating and this speaks to the convergence, you have the Worlds Largest digital retailer, amazon, going heavily into the physical space. You see the Worlds Largest physical retailer, walmart, going heavily into the Digital Space which speaks to the importance of convergence. Charles best buy, the showroom for the electronics industry, is that a model for other retailers and other industries in terms of making the physical store an appealing and better experience than you might get online . Unbest buys a great example of of a retailer that took advantage of making their store an experience, as you said. I think experience can be Something Like what best buy did, where you took the opportunity to interact with a Digital Product but experience could also be like a t. J. Maxx where you go in and its like a Treasure Hunt or apple where youre interacting charles burlington. My mom introduced me to t. J. Maxx and burlington. I made so much money on those stocks. I watched all these people search for the perfect item in burlington. Im like ive got to own that stock. I want to change the topic to tariffs. Jc penney says tariffs from chinese goods will hit women shoppers hardest. Macys also flagging how tariffs will have an impact on new parents because higher cost for baby clothes. I mean, theyre trying to get emotional and pointing to the impact on the consumers. It impacts Profit Margins of these companies as well. Yeah. Obviously, today retails doing fairly well. We havent really seen a Significant Impact from tariffs on the industry. Well see how this plays out. Obviously, if theres a longterm Tariff Program or regime in place, historically thats generally not good for the consumer demand and costs, generally passed to the consumer. Well have to see how it plays out. Charles good stuff. Renaissance. Dont call it Creative Destruction. I prefer renaissance. Charles coming up, trump sounding off on Interest Rates, what the president had to say about the central bank, ahead. Also, remember the moon landing . Krispy kreme does. Theyre playing a delicious tri tribute, 50 years later. Its been that long. I get delirious. Delirious. This is the couple who wanted to get away who used expedia to book the Vacation Rental that led to the ride which took them to the place where they discovered that sometimes a little down time can lift you right up. Flights, hotels, cars, activities, Vacation Rentals. Expedia. Everything you need to go. Expedia. At comcast, we didnt build the nations largest gigspeed network just to make businesses run faster. We built it to help them go beyond. Because beyond risk. Welcome to the neighborhood, guys. There is reward. Beyond work and life. Who else could he be . There is the moment. Beyond technology. There is human ingenuity. Every day, comcast business is helping businesses go beyond the expected, to do the extraordinary. Take your business beyond. Charles welcome back. Im Charles Payne, in for Maria Bartiromo. Its friday, june 21st. Your top stories at 7 30 a. M. Eastern. Rising tensions, President Trump planned a military strike on iran, then abruptly backed down amid u. S. , iranian tensions. Gold turning around. Its been up and down, but now up. Futures, however, have been under pressure all morning long. Actually a little lower than they have been about an hour ago. Yesterday stocks rallied bigtime. The s p surging to a record close. The dow just 75 points away from a new record. Over in europe, its been sort of mixed overnight. You had two major indices up, the german index was lower. In asia overnight, the kne nikki was hit hardest. We are following breaking news, firefighters battling a massive refinery fire in philadelphia early this morning. The cause of the fire is under investigation. There have been reports of no injuries. Firefighters say they have contained the blaze. Plus, an emotional nba draft, the number one pick, Zion Williamson, reaction going viral this morning. Honoring the apollo 11 moon landing, were going to show you the outoftheworld donut in celebration of the 50th anniversary. Our tor top story, the s p 500 climbing to a new record yesterday after the Federal Reserve decided not to cut Interest Rates, President Trump encouraged the central the bank be ready to cut rates in the future. Take a listen. I guess they indicated theyre going to be lowered. Should have been done sooner. Cant win them all. He should have done it sooner. Cant win it all. Eventually hell do whats right, programs. Lets see what he does. Charles joining me now, Global Economics editor to the wall street journal, john hilsenrath. Eventually jay powell will do whats right, thats the overarching opinion on wall street as well. Can the esb, the European Central bank, both signaled rate cuts are probably coming. The markets behavior this week is remarkable to me. The u. S. Is more with iran in the middle east, oil prices are rising. Five, 10 years ago, if that were happening stock prices would be sum bling. Instead, were flirting with record highs. One of the big story lines this week i think is how much the american fracking boom is insulating the u. S. Economy and u. S. Markets in the face of these new tensions in the middle east. We are an independent oil producer now and so you can have all this tension in the middle east with iran and not have to worry that its going to disrupt oil supplies and push prices higher. John, jackie deangeles here. Question question on powell. Hes looking very clearly at the data and watching inflation very closely as well. But im wo wondering if china te tensions and could potentially come out of the g20 or not out of it in terms of a deal is more the focal point at this point. I actually think it really is two things. Well, ill say three things. Its very low inflation. The Inflation Numbers have been below the feds 2 target for months now and it looks like theyre not going to get back above it for a while. I think the fed is worried that it could lose credibility on whether it can keep inflation at that 2 target. Thats one. The other thing is i think the fed is kind of spooked about what is going on in the bond market. When you have 10 year treasury notes down to Something Like 2 , the yield curve, which is the relationship between longterm Interest Rates and shortterm Interest Rates, has inverted which means that longterm rates are lower than shortterm rates. Thats been a recession signal in the past. I think that spooked the fed and the fed wants to get short rates down. And then the other thing that powell talked about was Global Growth. It looks like Global Growth is slowing down. You know, i think on the trade talks with china and the g20, thats something that the fed really cant control. Its totally out of their control. Its up to President Trump and president xi and frankly it doesnt look like it looks like they might agree to keep talking but i dont know that theyre going to looks highly unlikely theyre going to reach some deal next week. James freeman here. Wondering a lot of talk about this 2 target and it seems like theres room under their criteria with inflation running below that to ease if they want to, but are there any voices in the fed saying you know what, lower inflation is great. Who wants to have the currency devalued 2 a year. Does anyone sort of make the case that price stability would be the ideal . Well, you know, the feds view of price stability is that its 2 . You know, the currency devalues 2 a year but incomes are also rising by more than that. So i think the fed feels comfortable that like they just want prices and inflation to be on a steady, predictable track and theyve defined that steady, predictable track to be a 2 inflation rate. The worry at the fed is if it goes if they allow inflation to go all the way to zero, that means Interest Rates are extremely low too and they have very little room to maneuver if we go into a new recession. Usually in a recession, the fed cuts Interest Rates to try to stimulate the economy. If they allow inflation to stick at zero forever, they cant do anything in a he recession. Youve got to look somewhere else for help. Charles theres one person thats worried at the fed, jim bullard, the president of the st. Louis branch. He was the lone vote in favor of a cut right now. He put out a statement this morning, part of it read, i believe in lowering the target range for the fed funds rate at this time would provide insurance against further declines and expected inflation in a slowing economy, subject to elevated downside risk. I just want to shoot to the part that caught my eye more than anything else, john, its contrary to what jay powell said on may 1st. The force thats are keeping inflation below targets seem unlikely to be solely transitory. I mean, when jay powell said transitory on may 1st the stock market, the dow made a 200 point reversal to the downside as the investing public does not believe these are temporary factors. Right. It looks like powell might be coming around to jay bullards view. Im sorry, to jim bullards view, that this slowdown in inflation might be with us for a while. And i should say, bullards concern isnt that inflation is too high and wants to he get it down to zero. His concern that inflation is too low and he wants to get it higher. Charles right. And hes what w call a done,e wants the fed to be more aggressive. Charles what about the notion that rate cut would be assurance against down side shock . Most of the rate cut cycles over the last five or six of them, began with 50 basis points. We saw some that began with 100 basis points. To me that suggests, hey, they were way behind the curve, now theyre trying to catch up. Feels to me theres an argument maybe jay powells accepting the argument, why do we need to ever have to catch up like that, why cant we be more preemptive. He actually said that at his press conference. He said im going to mangle the saying, but an ounce of prevention is worth more than a pound of cure. I think thats the way the saying goes. The idea is if you do a little bit before the disease sets in and helps prevent the disease, then youre better off doing that than having to pour a lot of medicine after the disease hits. So i think powell is buying into that idea and thinking maybe if we just do a little bit to get things going now, we wont have to worry about a recession down the road. Charles you talked about the trade tariffs of course. I want to turn to them a little bit more here. President trump meeting with the canadian prime minister, just continue true dough yesterday. We know just continue true dougjustin trudeauyesterday. Its part of the effort to get the usmca done. Mexico ratified it the night before. On the other side, you still have a lot of pressure from American Companies, apple, dollar tree, walmart, fit bit, a bunch of them, vocally, publicly pressuring the administration to drop at least the latest round of tariffs on china. Its becoming a xra complicate. President trump sees it as his main tool as he heads into the g20 meeting. You mentioned canada and china. On the canada front, it looks like the canadians and mexicans are going to pass this deal pretty easily. The president s biggest challenge there is Getting Congress to move to pass the usmca and working with nancy pelosi on that front. So his biggest challenge is here at home and not necessarily in canada. On china, you know, American Companies have placed very big bets on the chinese economy in the last 20 years and theyre not at all happy about these tariffs. And so i think the administration is trying to get im sorry, the Business Community is trying to get the Trump Administration to back off on tariffs. But i dont think trump has demonstrated that hes not being inflexed b flens influenced y that. Charles just continue trueje nancy a nice basket yesterday. Tune in at 2 00 p. M. Eastern time today, speaking to the man, the toughest negotiator on this, white house trade advisor Peter Navarro, hes got strong opinions. Coming up, a bottled water warning, a study showed certain brands contain arsenic. We take a look at who is affected. 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Eliquis may increase your bleeding risk if you take certain medicines. Tell your doctor about all planned medical or dental procedures. Whats around the corner could be surprising. Ask your doctor about eliquis. This is something bigger. [ movin on up by primal scream ] that is big. Not as big as that. Sure thats big. Thats bigger. Big. Bigger. Big. Bigger. Big. But thats bigger. Wow, big. So much bigger. This is big. But thats. Well, you got this. Charles weve got breaking news for you. According to a an Iranian News Agency, irans revolutionary guard commander says they refrained from shooting down a u. S. Plane with 35 people onboard that was acompanying the downed u. S. Drone. Want to go to Cheryl Casone here. A a new study finds some bottled water may not be as safe as you think. Cheryl, give us the details, please. Cheryl yeah, yeah, this is pretty interesting, charles. A test conducted by a california Nonprofit Group found that two popular bottled water brands, can you feel and starkey, contain levels of arsenic higher than tap water, that violates state guidelines. Can you feel is sold at target, walmart among other stores. Starkey is sold by whole foods. Theres been no recall yet. That may be coming on this story. Lets move to apple. They are recalling some batteries in their mac book pro labtops due to overheating and fire worries. Affecting 15inch mac book pro thats have retina displays, sold between september 2015 and february 2017. Apple will replace batteries for free. And then finally there is this. You may not believe it. Its been almost 50 years since Neil Armstrong took his first steps on the moon. Thats one small step for man, one giant leap for mankind. Cheryl that still gives me chills every time i watch it. To mark the occasion, how about donuts, everybody . I just made that turn. Krispy kreme tweeted, get a free original filled donut. Thats right. Anybody who comes to visit us this saturday, the 22nd, gets a free taste of our new outofthis World Innovation while supplies last at participating shops. These new donuts are available in classic cream and chocolate cream flavors. Charles, i always say to maria never underestimate the power of a donut. Charles a free donut at that. Cheryl especially a free donut chdonut. Charles thanks, cheryl. I want to get back to this breaking news. This is serious stuff. To suggest that they thought about shooting downthat they he refrained from shooting down a plane with 35 people on board, what do you make of it. Its more of the same from the Worlds Largest ex porter of terrorism. One day its a drone, the next its an aircraft. Theyre losing power. Theyre desperate. Theyre either going to fight or negotiate. Iranian culture is such, they want to fight. Thats what were going to see here. The price of oil during the obama administration, when we had the height of the sanctions during that time, iran needed the price of l oil up over 100 a barrel for their economy to even survive. Whats it at, 57 today. Their economy has to be diminishing at such a great rate at this point that theyre going to have to do something quick. A and were seeing them lash out. Were seeing them talk about conducting these strikes. But i tell you what, if they kill an american, i mean, pompeo made it very clear, there will be hell to pay. If they cross that line, theres no going back. Were going to strike. Charles the faas move seems very smart, the idea of stopping all carriers, u. S. Carriers from flying in iranian air space. Well see what happens. But thats huge. Coming up, folks, zion going number one, the top nba draft picks emotional response, its gone viral. Well share it with you, next. If you are wrong in all the right ways. All the undertones. We will never be, never be anything but loud. The first pick in the 2019nba draft, the new Orleans Pelicans select Zion Williamson from duke university. Charles Zion Williamson, picked first in the nba draft. Its his emotional reaction thats gone viral this morning. Jared max has the details. Jared charles, good morning. One year at duke and zion gets to play basketball for new orleans. 68 shooter. As we saw last night, ever humble alongside his mom and his first coach in brooklyn. I didnt think i would be in this position. My mother sacrificed a lot for me. I wouldnt be here without my mom. He she did everything for me. I just want to thank her. Jared you think zion and his mom are happy . How about dukes basketball coach, three of his players picked in the top ten, rj to the nicks, back to zion, he and his new represents, he creative artist agents being sued for 100 million in punitive damages by prime Sports Marketing llc who zion signed with back in april but filed suit last week to terminate the contract. As of may he moved to caa. Zions first contract expected to be worth 22 million over two years. Golds for, 18, goals for, 18, goals against, zero. Usa beat sweden yesterday, 20. Usa will play spain monday, 12 00 noon eastern on fox. Major League Baseball returning to montreal, it may be. And in unique fashion. 15 years since the expos left quebec to become the washington nationals, mlb gives the green light for the Tampa Bay Rays to explore the possibility of splitting the season, home games between st. Pete, florida and montreal, new stayed jumps in sh locations. The games in florida would be played early in the season. Did you hear about the professional golfer who got disqualified because he ran out of golf balls . Yeah. It happens to us, we ask a friend for a ball. When youre a professional, different story. Aclement berard disqualified, played so poorly yesterday at the challenge tour event in spain, he ran out of balls and he was disqualified. Thats kind of embarrassing. Charles a lot of things weve got to unpack here. The first and foremost, i think zion, what do you make of it . I think for fans, particularly older fans, felt like a lot of players one period were playing strictly for the money. Its sort of a turnoff. I remember when people sold insurance in the off season. His humbleness brings me back to sports over and over again. Jared love to see it. We saw it with a lot of the parents and whatnot. Whats so special to think about this draft class, charles, that i cant recall seek, i predict were going to see younger players have a larger impact in their first season in the nba than i can recall and the nba seems to be getting younger and younger and a lot of guys who were drafted last night i think will be allstars. I would love to see the commissioner, adam silver, look to the college game and try to adopt a style like we see at the ncaa, stop the timeouts, all the commercials. The flow of the basketball game can be killer. Id love a new generation of basketball as well as the special players. Zion is very charles theyre giving me a hard wrap here. 180, we should point out the margins are getting smaller and smaller. Real quick, real quick. Rank 1909, how many people can be professional . 2,000 . 3,000 . Jared we can all lose too many golf balls. Charles catch jareds sports reports on fox news headlines, 24 7 or sirius xm, 115. Stocks on a record run as tensions with iran reach dangerous levels, more on that in the next hour with mornings with maria. The lexus es. Every curve, every innovation, every feeling. A product of mastery. Lease the 2019 es 350 for 379 month for 36 months. Experience amazing at your lexus dealer. But i can tell you Liberty Mutual customized my Car Insurance so i only pay for what i need. Oh no, no, no, no, no, no, no. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. Metastatic Breast Cancer is relentless, but im relentless too. Mbc doesnt take a day off, and neither will i. And i treat my mbc with everyday verzenio the only one of its kind that can be taken every day. In fact, verzenio is a cdk4 6 inhibitor for postmenopausal women with hr , her2 metastatic Breast Cancer, approved, with hormonal therapy, as an everyday treatment for a relentless disease. 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Airlines from flying over iranian airspace commodities moving, rising tensions oil pricessteppeding yesterday gold edging higher here, check on equity futures, under pressure all morning not necessarily catastrophic, but just typically fullback after yesterdays record close on s p 500, check on Global Markets mixed picture in europe two of three majdown contact 40 in red asia tough night nikkei hardest hit following weak manufacturing data out of japan a refinery fire lights up sky in philadelphia sensation of the refinery is still operating, even after area residents felt a series of explosions. Wall street debut what is in store for first full day of trading, here to help break it down fox is about next Jackie Deangelis assistant Editorial Page Editor James Freeman, brett. Talk about breaking news. The markets, have not changed are you surprised by that the futures you know, didnt go down on that news. I am not actually, i think good for markets to be calm and maintain you know, some sort of approach to this that is rationale. I think market is going to need more from the president we do know that he ordered an attack took that off. More clarity. More clarity what exactly is going to happen iranians saying we would have shot down a drone had people in it changes the game completely if president punches back with military strike he is changing the game as well taking this to the next level i think market is saying we have to see how this develops charlesyouve engaged are you do i iran is capable. Not capable the ability to do it i mean are they cable, what they actually used as is that something they really would consider doing. I think people want to lump iranians the hard liners, rational the truth is they are irrational the majority iranian people want good he relationships with west talking about hard liners at the top sitting there pulling strings, run by rgcommittee rogue elements some may go off the reservation conduct some sort of strikes without knowledge of the top leadership it is possible that we do see Something Like this happen but, at the same time, you know, we dont want a war i dont any american appetite for American People for war not appetite for iranian people as well we need to figure this out. Something happened last night for trump to change his mind i am wondering if they are not looking at inside strategy or another way to approach this without involving a military complex. Certainly does not want go to war not hawk media portrayed him as on campaign trail for sure, to continue with breaking news again escalating tensions with iran President Trump ordering retaliatory attack on iran on pause the last minute blake burman at the white house with more blake people are really, are intrigued by what happened here. Reporter were trying to figure that out a lot of questions ez about how long this might play out charles there is a requestion as to whether or not, the u. S. Is set to carry out a retaliatory strike inside of iran u. S. Defense official tells fox last night military was set to carry out a strike against iran halted the last minute that happened 7 30 in the evening remains unclear why that was the case. The targets for the u. S. Military included Iranian Technology used to shoot down american drone yesterday iran focus of top officials lawmakers over here at the white house, agency they were summoned to situation room for a meeting preponderance before that president seemed to suggest even though iran made a mistake, the decision to shoot down a u. S. Drone might not have been made from the top. I have a feeling and may be wrong i may be right but i am i have a feeling that there was a mistake made by somebody about that should not have been doing what they did. I dont know, i find it hard to believe it was intentional if you want to mother the truth i think it could have been somebody who was stupid that did it. Potentially part of the puzzle rioters reporting citing iranian officials oman communicated a message from President Trump to iran u. S. Attack was i amment according to that report said would come in i cola but quote we made it clear the leader is against any talks that from reuters this morning, also this morning charles from Iranian State tv it is claiming that iran refrained from shooting down u. S. Plane, that had 35 people onboard, that iran says was acome. We dont know veracity specifically of the claims whether or not there was a claim accompanying that drone as well joining me now Great America pac chairman former Reagan White House chief poly advisories ed roll inns welcome. I thought fascinating yesterday Lindsey Graham puts out hawkish tweet Dow Jones Industrial average around 26753 on the way to record highs, starts to fall precipitously down more than 200 points then sound bite of President Trump saying hey, we think a big mistake pushing off idea of military action, the market rrs goes straight to the moon. I think the markets were thrilled at temperament President Trump displayed yesterday. I think even though he ran on not wanting any wars, a very positive thing. The i think also a tough guy i think to a certain extent no matter what he said yesterday clearly loaded the gun ready to fire back made a very deliberate decision a positive decision, at this point in time we dont know all facts i will tell you this the iranians are basically pushing a envelope on a lot of things if they fire on aircraft on a ship a plane ship of with men with passengers there is a big hole in the ground there we will bomb the daylights out of them not going to land war not anything like that, but always consequences you throw a punch the punch comes back i think thinking this through i think good policy thing to do everything positive right now economy what have you they are not going Strong Center struggling, they are not thinking wisely i think to a certain extent consequences for decent people in that country under situation, you know you basically he to be very careful in targeting. We know President Trump is a counterpuncher politics business a counter puncher everyone anticipating some message sent maybe there is time offered for iran to come to the tables they are saying he they dont want to talk being more belligerent how much can they poke get away with until we have to do something more drastic. I think pretty close to the end of letting them poke us. And again, the consequences are not o o going to be knocking don if we go in damage. You wonder why they keep poppinging us currency has been crushed you would hope some point they would realize that the costs of being such a a i Belligerent Force would make them reconsider o. Noun of you are old enough to remember iraniraq war. We remember it a crazy war i remember reading tens of thousands of soldiers running over massive lines. Hundreds of thousands not like they dont have will the religious leadership of that country is crazy by our standards my sense if is another activity here, i think we have reached point of intolerance i think it is Important Congress on bored clearly yesterday the democrats made it clear they dont want this i think if they basically attack u. S. Ship or basically attack an aircraft, airplane with people in it consequences are going to be very severe. Do we look weak not conneding military action in this case, 20milliondollar drone i am not one i am a puncher, so from my perspective i assume next 48 hours, 72 hours, something will happen. I dont think it has to be allornothing we dont have to go to full scale war can be limited. Could leave more ships in there protecting that part of straits as you know, so very important. And i think they are playing i think they are playing doubtful i playing tough i dont know rationale to a certain extent, National Security advisory is onboard to be more aggressive i think defense wants to basically make sure all options are looking at carefully. Congressional leaders Democratic Leaders saying bring in allies, lets do this in a way where we dont Chuck Schumer used to word bumble into war stumble into war when it comes to these critical matters to wait around, to meet with allies to get them to check off on any kind of action. I dont think they end up with the consequences, joej h. W. Bush did effective job putting allies together as Ronald Reagan said to me one day when i said would you have done same thing he said i would have not offcars, george is much better those kind of things we dont have same allies in 80s to a certain extent wasted time, energy i think weve got to show strength we have strength to a certain extent consequences war next 48 hours. Speak is aing of weve got to,leave it here ed rollins also a pressure you coming. Thanks. Seeking american pilots pushing for more we are going to the New York Stock Exchange take a closer look into the first day of trading that is next. It all started under this buttonwood tree. Twentyfour people came together to sign an agreement that created the stock exchange. Just the right elements coming together. It started when scores more people came together, just down the street and traded bonds that helped pay for the revolution, and the nation it created. It started in an office on the corner where the right people witnessed the telegraph and brought information and humanity together forever. It started with the markets, bringing together steel and buildings and silicon and medicine and rockets. We believe the possibilities of life and investing are greater when we come together. 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They are very unusual did did i to find pilots are trained by software, american has one of three carriers one of three carriers using the 737 max or planning to have 24 in their fleet they want more training, boeing in the past said no. Their shares lower this morning as you said earlier, meanwhile, electric plants coming to nantucket Israeli Company signing a deal to supply plants why you would do this it takes 200 dollars to fly one enplane a turboprop costs a thousand dollars an a hour you can see why people want to do that 650 mile range, interesting stuff back to you. Gerri willis thank you very, very much coming up oil prize, surging on worries of a deepening conflict about with iron skyhigh luxury ceo of flex jet here to weigh in on everything from boeing crisis to the risk of traveling to the Dominican Republic. Cant see what it is yet. Re . What is that . Thats a blazer . Thats a chevy blazer . Aww, this is dope. This thing is beautiful. I love the lights. 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Simple. Easy. Awesome. Ill pass. Oil prices surging amid tensions between United States and iran, energy analyst. Good to have you in studio. Nice to be an here. Oil moving on middle east tensions took downing of u. S. Navy drone to make that happen, sos where do you see it going from here . Well we are actually in pretty good shape considered averaged 100 dollars a barrel from 2011, 2014 pardon me you look being what happened yesterday the prices go up 4 or so eh not that big of a deal, the reason is, is that there are worries right now, that oil demand is going to retrak a little bit, growth, most of the predictions that we would with seek Global Growth about 1. 6 Million Barrels a day, now, with the notion of a trade war, you might be closer to a Million Barrels a day or so there is a lot of new supply coming up, particularly from the United States. So we think that the next pivotal play not be in pg porg vienna plus meetings or opec plus meetings in vienna we think in g20 if you have a lot of notion of trade war, we will ratchet back some of the predictions for oil but dont look for auppoupon a pock li tick prices until these everything goes astray near strait of harm u. S. The innovation tool by iran this isnt 19078s exporting a top of oil could potentially fill gap what i havent seen much of response from International Community is we are the ones doing something about it i wonder if they shut down straits of hom u. S. Does that galvanize International Community to do something about it. I think it would be really, really difficult to shut down strait of hormuz we are not talking about a narrow you know the verrazano narrows something much, much significantly harder to shut down i dont think that is going to happen the fact of the matter is we have suppressed iranian production to lowest level since 198 venezuela production as low as it has been since 1945 u. S. Production is probably 13. 3 Million Barrels a day the end of this year there is plenty of oil our inventory levels are building, building, building is it too much of a good thing, it is too much of a good thing to the extent that all of the oil that were turning out if you watched neighborhood and afraid they have to have carbohydrates and protein our oil doesnt have enough partisanship in it it is light, very, very sweet we are making too much gasoline we think gasoline like third rail of american politics, gasoline is a problem that refiners are worrying about having too much of next few years things like jet fuel, where air traffic is taking off, and diesel where academi economies into 21st century you have to worry about. Summer beginnings in beginning of summer Everyone Wants to know about summer driving season gas prices. Very diverse, you know we start this summer 225 or 230 down in Southern States like mississippi 3. 80 california you are going to see climb between very high prices in western states, and lower prices east of the rockies do i not believe that without a hurricane were going back above 3 nationally we got to 2. 90 on may 4. That is pretty typically, people think you see highest prices in july you tend to see highest prices betting on the expectation. Refinery fire in philadelphia is largely a noninventory for gasoline prices. It is an event but probably not as apocalyptic as it might be it is two plants one of the plants had a fierce explosion can operate other half of the refinery other one under investigation. Cut ramping production what do you think is going to happen. I think going to roll over current production, cuts through the end of the year, and maybe saudis take it upon themselves to cut a little bit more, this for the next 90 days, we see a little bit more demand for crude than supply. Once you get through the summer driving season, tlae reverses from fall to 2020, think 2020 as Election Year going to have a lot of oil we are going to have more oim supply than oil demand, we are going to have modest dries for gasoline so it is setting up to be not so much of an issue from the 2020 campaign. All right, i think he, maybe we may have one viewer really likes internet. Thank you very much, really preern it. Thank you. Coming up luxury in skies looking at the big business of flying private, also robo one Company Using robots to make life just a little bit sweeter. Introducing the first of its kind lexus ux and ux f sport, also available in hybrid allwheel drive. Lease the 2019 ux 200 for 329 month for 36 months. Experience amazing at your lexus dealer. This is something bigger. [ movin on up by primal scream ] that is big. Not as big as that. Sure thats big. Thats bigger. Big. Bigger. Big. Bigger. Big. But thats bigger. Wow, big. So much bigger. This is big. But thats. Well, you got this. Fryo. Breaking news in large new claim iran reportedly refrained from shooting denouncements plane, with 35 people onboard, that was accompanying downed u. S. Drone according to Iranian News Agency following drone incident President Trump planned military strike on iran abruptly put the plan on pause u. S. Representative for iran saying iran immediacy to meet our diplomacy with diplomacy not military force iran responding saying iran responds to diplomacy with diplomacy, war with firm defense, faa barring all u. S. Planes from flying over iranian airspace futures under pressure lows of the session down 43 on dow our top story this half hour, the big business of flying, private one of the leading companies in luxury industry offering fractional ownership leasing with a variety of aircraft models interior designs it is a helm michael, joining us now hope your travels were easy . [laughter] inevery won talked about now these the private jets, and idea that it is background more democratic more affordable but is it really . I dont know how i got on a couple email list also i open them up now and then like, three grabbed four gra three grand four grand. Startups want to uberize private travel model doesnt work there is basic fundamentals it is coastaltly mt Business Travel utilize travel to manage it time efficient. The majority of your customers. Split 5050, High Network Individuals seen interesting trend corporate departments are using shared models like flexjet. A lot of corporations have gotten push back for owning planes. Sure charles and, you know, so it is it would seem that that would help you dramatically okay. We dont own plan weve got fractional uppfraction a. M. Ownership. Boards the pressed aviation departments to be more thoughtful about how they deploy capital rather than buying additional whole aircraft you can being buy a fractional share with us and be smart about it. Timeshare in air kind of thing . Our model is more longterm consumers you buy or lease undivided interest of share in aircraft gives access to fleet in excess of 150 aircraft spread arrange the world, really we will pick you up anywhere in the continental United States within hours of you calling us 8 hours of you calling us. Ceo wants to make the case to his board i really want this, it is going to save tons every time were going to be more productive what is the basic case . Is it minutes per day . Hours week . How do you sort of make the case that this is an efficiency benefit . There are several factors first of all, a lot of executives are going to places not easy to get to particularly manufacturing facilities have remote locations to be able to take two and three flights now you can go directly to where you are going, secondly, in our corporate world would you be surprise there are a number of people that are onboard when the aircraft itself traveling so like you are having a Conference Call in the sky so effectiveness is really the major, major point. Folks that are traveling to manufacturing destinations have you noticed any changes to volume as a result of trade tensions. International travel up 25 yearoveryear i know we are all it is hop topic on trade issuess but our International Travel up significantly primarily to europe popular european snaeksz i think people are travel more than ever before. What about the everybody wants the status that is one of your Key Selling Points right now. I tell you never really talk anybody into flying privately but once they decide you can influence their decision, but ill tell you it is it is pretty cool, so if you have the money, it is not only effective business tool, but for those to choose spend money this way easy way to fly. I believe this is slight of celebrityism material sem consumerism statement, i think driven by instagram things like that, i mean people will rent a jet to take a selfie day. I think that today charles that is today but it is the world that we live in, but our sustained business we have been in business over 25 years, we have seen sustained growth, so i think our model is more subinstantive kinds for medium use this more consistent basis less affected by the time. Sounds like could be a brand extension to sell a a rental for selles never fly, operate the aircraft . We have customers. Some people take toilet seat have you seen those. No i have no the. You take it actually lean looks like looking out of airplane window, like our customers are sophisticated. More sophisticated than that. O i got to turn to following thing head of American Airlines need Safety Experts 737 max, Everyone Wants to get inside this simulator before they take planes back into the air, remember, american ordered 50 new airbus jets that was a blow to boeing obviously, saved by British Airways the idea of training has been a big topic, particularly with 737 max but in general, how safe are our skies right now . How much training do pilots have with more than aviation . I will tell you that first of all, there is nothing more safe than an architect than welcome trained happy crew. And i would like to think at flexjet we created a culture of great pilots wonderful very, very well trained average pilot has 10,000 hours flight Time Training is critical we invested in a training company, because and we wish people at booing very, very well to be able to get at boeing very, very well. Combination, you need Simulator Training you also need time in the air, a combination of two of them, i think is critical for future safety. So boeing i think the concern especially with case of 737s that companies were putting basically profits oefrn safest has that affected your calculus to look more at Safety Standards and maybe send spend more time monday than you normally would because of the situation where the company could go bellyup if an accident that actually occurred . So all that we had fun about talking about you know, the thank you know the photographs on instagram we do have a culture to be able to surprise delight customers exceed expectations but at core of everything at flex jet is to provide a safe operation for customers and crews never compromise on safety. The worlds greatest yachts periodically, blows me away how many 80milliondollar yatsdz in t yachts in the wor there is a lot of wealth i see hard to fathom this many00milliondollar yachts, page after page after page then you are growing like crazy there is a lot of wealth in this world. There is, yeartodate, customers new to flex jet this year, i am up over 50 . So i still believe there is enough wealth out there that people have note chosen yet to fly privately, for us we are very optimistic about our future. Getting cheaper to fly privately. Not necessary not necessary. If you look at this company from afar does this look like an issue to be resolved or long term problem . Well i wish only wish best for boeing for themselves, as one of the major players, in the world, it is two of them airbus, but i think the quicker that we can get behind this the best for the entire aviation community. Thank you very much. Thank you for having me. Next time on one of your planes, right . Wink wink, wink, wink. Coming up heightened tensions in tehran markets taking it in stride i am going to ask Stuart Varney about it. He weighs in next. Watching tensions between iran and United States Stuart Varney host of Varney Company. That is me charles, i got up this morning, what do i see . Whoa we launched attack on iran then pulled back the last minute you think would spook market a little bit wouldnt you . But no, it hasnt in fact as of right now, we are going to be down what about 40 points on the dow, 30 on nasdaq, that is not much of a pullback, despite what is going on internationally, so trying to figure out you the why is that what is with this market why so resilient when you got this kind of thing around the world, my answer is, that what is going on around the world, is not likely at this stage, to have that big an impact on the future profitability of american corporations that is why there is no significant pullback, even after yesterdays big rally, i think that profits are the bottom line for stock prices going forward, that is why no big pullback, because profitability when feds on your side, looks to be not a sure thing, but a likely thing, down the road. Now you know more about the markets you forgotten more about market than i ever learned, so how am i doing . You are amazing i am ready to call my broker [laughter] flattery wonderful thing on television. It is i learned from it the best, thank you so much Varney Company starts every day at 9 00 a. M. Eastern right on this network, coming up the future of frozen yogurt how one company is using robots to revolutionize self served ice cream that is next. I want some ice cream, i want it, ice cream lets take a look at some numbers 4 out of 5 people who have a stroke, their first symptom. Is a stroke. 80 percent of all strokes and Heart Disease . Preventable. And 149 dollars is all it takes to get screened and help take control of your health. Were life line screening. And if youre over 50. Call this number, to schedule an appointment. For five painless screenings that go beyond regular checkups. We use Ultrasound Technology to literally look inside your arteries. For plaque which builds up as you age and increases your risk for stroke and cardiovascular disease. And by getting them through this package, youre saving over 50 . 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Hospitals, family, colleges, universities airports, 300 on the ground. Sold about a few other countries around the world. What do you want to do vending machines on all sorts of stuff not just ice cream. We have other products developing other products that are coming soon goal to keep it, products fine margin we can put in different places are in around the country sell to people. Here it comes on the tread. Do seem ron well having a robot do everything . Quite scary like other robotic yoga, we put into locations as well. Thank you so much. All right, great how much is they regularly. Could be between 4 and 6 dollars for a five owners or on serving. Really no labor at location, we dont have to pay rent we dont have to spend marketing to get customer putting kiosks, into tleeksz have customer there how do they react to robots making ice cream. People love ice cream yogurt a little bit of theatrics dancing makes it more intaerng we are putting into places like Family Fun Centers hospitals colleges, universities, where they have access to this all the time. Is that where growth comes from you look at universities, hospitals, as a place for growth, where you can install all sort of vending machines. That is right, so whether airport or hospital or college we are looking for traffic captive audience demand for the product. Tell me where you see, expansion, is it just the United States . Do you wanting to international. We got license fees in australia, canada israel expansion comes in form of building more robotic vending kiosks that sell different Food Beverage con session. You need to allow these products we have Health Department to deal with served ice cream without touch of humans requires sanitary permits health permits across the board that is how it works. Fantastic great tough o to have you on the program. In thailand an expo featured a bunch of robots one made perfect pour, sushi, rapidly coming fun to see this change there is another part to this, large portion of the human beings could be out of jobs. It is funny this concern about robots replacing us seems cresting just as we have really the greatest job market ever by many measures employers cant find enough workers i think what happens Technology Changing to do create new i industries, jobs atm machines did not kill jobs in banking more opportunities than ever in finance if we have open markets we will see that kind of technology. What are you doing to meet demand 35 hire more people a large portion 30 invest more in automation, 7. 5 million job options only six mill people or 6 1 2 Million People do those jobs. You do something. With not on news own a Drone Company Small Business focuses on live events we give companies kind of a voice in the drone space one of the things recently for pepsi built a drone cocktail bar had drones mixing drinks shaping drinks delivering them to peoples tables not necessarily more convenient to have a drone delivered to table but ent. Service hospitality machines brought in eliminating jobs and creating a problem for population there. Some point there will be something to this, i mean it is inevitable but i think we need we could be freed up as species, to further explore because only using 5 of brain think what we could do if we didnt have to work. 5. 5. Final thoughts from allstar panel, well be right back. Cant help myself, i love you and nobody else i would pull up in this in a heartbeat. I want one of these. That is sharp. The allnew chevy blazer. Speaks for itself. I dont know who they got to design this but give them a cookie and a star. 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You can see it in the futures in terms of where were set to open. Charles you feel okay about it . Yeah. We are hitting new records. As our guest said before, you might see people trimming positions and taking some money off the table. It doesnt mean its anything apocolyptic. Charles everyone is looking to next week. Is that what you thought . Yeah, if we get a trade deal so these tariffs go away, this economy is ready to roar. Even right now its not bad. I dont think we need the fed holding us up here. I think we are going to be okay. We dont really need inflation, either. Charles we wont get a deal maybe we wont get a deal but if they sound like were okay, were back on track, that would be enough, wouldnt it . Keep the rally going. Yes. Charles what do you think . I think so. I think most people are thinking we wouldnt have something hammered out until the end of the summer. Hopefully g20 goes well and were on our way. Charles china took a shot. We had an agreement, seven chapters. They said lets take a shot. They gave us Something Back that was not agreed upon, we said no. We are back at the table. I think we will be okay. You guys were fantastic. Jackie, james, brad and of course, remember catch me today, im at 2 00 p. M. Ive got a special guest. White house director of trade and manufacturing Peter Navarro has written at least a dozen books about the threat of china. Hes pushing hard against them. Make sure you do not miss making money with Charles Payne. That does it for us. Great honor to fill in for maria the last two days. Its also a great honor to hand it over to Stuart Varney. Stu, take it away. Stuart the honor is mine, son. Thank you very much, charles. Good morning to you. Good morning, everyone. What a story. We launched the planes, we put the ships in position, we were about to strike the iranians, then comes the order to stand down, no strike. We went to the brink. Dont know why we stood down. It is now a tense standoff. Several airlines have extended a nofly zone around iran and the gulf. How about this. Security adviser john bolton heads to israel. That may be all about irans decision to expand uranium enrichment. Israel has said iran must not get a nuclear bomb. Despite all of this, the price of oil holding pretty steady at