Transcripts For FBC FBN AM 20240714

I cant see enough of you. Weve both been free. Wont be long until summertime is through. Lauren beautiful pink skyline in new york city. We welcome you to fbn a. M. Im lauren simonetti. Cheryl good morning. Im cheryl casone. Lets take a look at how your money is moving this morning. Right now, futures are pointing to a slightly higher open after yesterdays losses. Remember, stocks came off session lows when jay powell made comments about the feds intent to act as appropriate. That helped the markets. The dow is up 41, s p up 5 andahalf, nasdaq up 22. Lauren the yield on the 10 year treasury is 2. 01 . Cheryl were going to get earnings from general mills, pier one and rite aid. Lauren wti is up 1 andahalf percent, 58. 72 a barrel. Cheryl investors in asia gearing up for the g20 later this week. The m nikkei and shanghai closed lower. Lauren the ftse in london is down 3 points, cac is down 4, dax is up 2. Cheryl now to the top story. Democrats are claiming victory this morning after former special Counsel Robert Mueller agreed to testify before Congress Regarding his investigation into russian meddling of the 2016 campaign. It will be an open session of before a pair of house committees on july 17th. Democrats have been clamoring to learn more about possible obstruction by the president while republicans say theyve got plenty of questions about the origins of the investigation itself. The president already tweeting about this planned testimony, calling it, quote, president ial harassment. Lets bring in attorney david bruno. David learned that mueller would only appear under subpoena, which was planned, and democrats did not tell the republicans about their plans to subpoena mueller. What do you make of all of these overnight developments . I think this was inevitable. It would have been very hard for mueller to not appear if he did get the subpoena and ultimately did come to that point. I think that this can go both ways for the republicans and the democrats. For the democrats it breathed life to the report. You get sound bites from mueller about some of the deep dives into the report. For the republicans, i think its an excellent opportunity to show in part one theres no l collusion, no collusion, no context. Republicans will have problems with part two, the obstruction of justice lines that were added to the report. I dont think hell have many friends in the room on that day. Cheryl including the Text Messages between peter strzok and lisa page and why the investigation began in the first place and should it have begun. This is Lindsey Graham on hannity last night. Did you turn it over to the attorney general to decide about obstruction and the attorney general said i did and im not going to revisit it. So it is case closed to he me. They can do anything they want to in the house. I think it will blow up in their face. Cheryl do you think it will blow up in their faces . Mueller did not want to testify. Even in the letter that went with the subpoena from schiff and nadler yesterday, it says that mueller stands by his report and he wants to stay within the four corners. So what are they going to add is the big question . What is the scope of this investigation . And yes, i agree. On part one, its certainly going to backfire on the democrats because theres no collusion, theres no context. I agree on that point. Cheryl mueller said this is going to be his only public statement, he said the report is my report, that is my testimony. Now hes going to be asked to rehash all of this. But President Trumps attorney came out, he said, look, we expect his testimony on july 17th will be his report. Which to your point, many say that this was case closed. Now its going to get rehashed. Youre right. I think there could be a lot of disappointed people watching the hearing if mueller is going to stick to the four corners of the report. Then hes not going to go into the inception of the investigation, hes not going to go into the deliberations and why he didnt do certain things. So thats the next question that i have is what is going to be the limits of this. Because we could all be very disa appointed. Cheryl what do you make of the fact that republicans have plenty of questions of their own. Do you think this could actually open up we talked about investigating the investigators, how this whole thing be began. Do you think that mueller could give us some clues in this appearance next month that would show that maybe this whole thing should never have begun in the first place . Probably not, just because of the comments from mueller before, the letter as i previously said, and i dont think that hes going to go real far past the report. Cheryl all right. Well, weve got time to figure it out. David, thanks for getting you early on this breaking news. Thank you. Have a good day. Lauren the house passed a 4. 5 billion emergency funding bill to address the crisis at the southern border. It sets up a showdown in the senate days before congress leaves for july 4th recess. Cheryl weve got Griff Jenkins in washington. Hes got all the latest. Griff, good morning. Reporter good morning, lauren and cheryl. Never a slow day in washington. Were headed for a classic showdown between the two chambers of commerce, the democratic led house making the first move, passing their version of the 4. 5 billion border supplemental mostly along party lines, 230195. Speaker pelosi who lacked the necessary numbers yesterday rallying the troops before voting last night. This situation is child abuse. It is an atrocity that violates every value we have, not only as americans but as moral beings. Reporter pelosi overcame objections from the hispanic caucus and progressive members threatening the bills passage. Four democrats still voted against her, als. Three republicans crossed the im to back aisle to back pelosi, will herd, Brian Fitzpatrick and chris smith. Now its up to the republican led senate to pass their version of an aid package which unlike the house version that the president threatened to veto has more support from the white house. Mitch mcconnell taking the lead on what he hopes will head to the president s desk. Its well past time my democratic colleagues stop standing in the way and let the senate get this done. Reporter the senate is likely to pass their version of the measure today. The clock is ticking because a final bill will have to be reconciled between the two chambers and that takes time in conference and congress is slated to depart on their july recess tomorrow afternoon with no guarantees that the president will sign anything. Lauren, cheryl. Lauren griff, thank you. Way fair employees walking off their jobs today to protest the sale of bedroom furniture to u. S. Detention camps at southern border. 500 workers plan to take part in the walkout. Employees signed a letter calling on the company to stop working with contractors doing business with border camps. Six children have died in detention since september. New york congresswoman alexandria ocasiocortez praising the workers in this tweet. Wayfair workers couldnt stomach they were making beds to cage children. They asked the company to stop. The ceo said no. Tomorrow theyre walking out. This is what solidarity looks like, a reminder that everyday people have real power. As long as were brave enough to use it. Cheryl well, now to the crisis with iran. President trump lashed out at the regime after leaders there called the white house, quote, mentally retarded. Lauren say. Lauren amy kelloe latest. Reporter President Trump doubling down on his hard line stance on iran following a string of military provocations including the downing of an unmanned american drone by iranian forces. Irans president suggested President Trump is, quote, mentally retarded. That comment prompting a a new warning. President trump tweeting in part, quote, they do not understand reality. Any attack by iran on anything american will be met with great and overwhelming force in some areas,over wel, overwhelming win owe blighoblitera tion. Republicans say a Strong Military response is needed. Most democrats are urging restraint and calling for an International Coalition to confront the threat. The act of aggression cannot stand. Tehran must understand it may not respond to legitimate diplomatic pressure with illegitimate violence. Reporter americas allies are continuing to back the, quote, maximum Pressure Campaign for now. The u. S. Is our closest ally. I cant envision any situation where they request or we agree to any moves to go to war. Reporter iran has stepped up its production of enriched uranium and is set to exceed the limit of what is allowed under the 2015 nuclear deal by thursday. In london, amy kellogg, fox news. Lauren more on this later in the program. Meanwhile, President Trump signing an executive order, tackling regulations that make housing too expensive. The order creates a council on, quote, eliminating barriers to apresidenpresident affordable hot which includes members of eight federal agencies. Overregulation of the Housing Market is a primary cause of the rising housing costs across our country. Nationwide its estimated that the regulations account for more than 25 of the cost of a new home. Think of that. So regulation and unnecessary regulation is 25 of the cost of a new home. As a result, the supply of Affordable Housing cannot keep up with demand today. Lauren so much to talk about and the president will do so. Hes live with Maria Bartiromo on mornings with maria, 8 30 a. M. Eastern today. Cheryl lets take a look at futures this morning. After those comments we got yesterday from jay powell, many saw that as accomodative. Look at u. S. Futures, we are really jumping in the premarket. Dow up 91, s p up 10 andahalf, nasdaq up 42 andahalf. A Major Investigation hitting shares of poultry producers. The government isnt looking at the food. Well explain. What is your favorite restaurant chain . Some popular names didnt make it. Well tell you who is on top. Keep it here, fbn a. M. And a little bit of chicken fries. Cold beer on a friday night. A pair of jeans that fit just right. And the radio on. This is the couple who wanted to get away who used expedia to book the Vacation Rental which led to the discovery that sometimes a little down time can lift you right up. Expedia. Everything you need to go. Lauren some head lines were watching this morning. The Justice Department launched a criminal investigation into the chicken industry, looking into allegations that top poultry producers colluded to keep prices artificially high. The probe includes tyson foods, pilgrims pride, Sanderson Farms and purdue farms. All denied accusations. Shares of the companies fell sharply on the news. Ecigarettes you now banned in the city of San Francisco. Yesterday San Francisco became the first in the nation to impose the restrictions. The new law will prevent residents from buying ecigarettes in stores and online. San francisco home of juul labs, the biggest producer of ecigarettes in the u. S. Pizza hut with a blast from the past, remember this, the Company Bringing back its vintage logo with the signature red roof in hopes of luring back customers. Reminding them of the brands history. Pizza hut first launched in 1958 before main competitors like Little Caesars and dominos joined the pizza market. Say good buy to the office on netflix. Nbc is moving it exclusively to its own streaming service, beginning in 2021. Netflix subscribers can binge watch the show until then but its going to their streaming device exclusively. Cheryl the federal trade commission has announced a major crackdown on those annoying robocalls. Lauren and they sure are annoying and in insees cant. Reporter in congress, theres separate bills in the house and the senate, bipartisan bill in the house and now the ftc at an event in chicago announcing 94 separate actions against the perpetrators of what the ftc says are almost always Illegal Robocalls. Last year the ffc got nearly 3. 8 million complaints about unwanted robocalls. Thats more than 10,000 complaints a day. Billions of Illegal Robocalls are placed each year and we are all fed up with it. Nearly all robocalls are illegal under the ftcs telemarketing sales rule unless youve given your consent in writing to get that call. The ftc gets 1 o 10,000 complaia day about robocalls. What do you do if you get one . Number one, hang up. Number two, employ those blocking apps that keep you from getting calls in the first place and number three, if you get one, report it to the ftc. All good advice a according to a woman named jerry wilds who lives in missouri and had her life disrupted when she answered a robocall and ended up with a company attempting to open up credit cards in her name. As soon as you hear a recording, hang up. Dont try to talk to a person, dont think youll get a person a and tell them to stop calling you. They hang up on you. Thats how it works. That wont do you any good. Just dont, just dont. Just dont. Just dont. Just hang up. Reporter wilds says the company wouldnt leave her alone after she answered the robocalls. She wasnt scammed out of any money. 10. 5 billion was scammed out of people that answered robocalls last year alone. Cheryl, lauren. Cheryl all right. Well, there is a new press secretary at the white house. Stephanie griffin is going to take over the role for sarah sanders. She is currently melania trumps spokeswoman. She starts right away. She will travel with the president to japan today as the g20 gets underway later this week. Sarah sanders will be press secretary through the end of this week. Lauren the Broader Market is looking to reverse a three session losing streak. Futures are higher after yesterdays steep selloff. 108 point gain for the dow. The nasdaq is up three quarters of 1 after the selloff yesterday. Elizabeth warren is leading the first round of democrats hitting the debate stage tonight. Is it her debate to lose . 45 years ago today one little invention changed the way we live our lives from shopping to shipping and beyond. Well have the details coming up, right here on fbn a. M. Think im going to spend your cash. I wont. Even if you were broke, my love dont cost a thing. It has to work like air traffic control. Its gotta let new data integrate with data from our existing systems. Be able to pull from reservation platforms built 20 years ago. And also be able to use apps to book superpersonalized trips on shiny new phones from the future. Plus, i need freedom to move my workloads wherever, whenever but manage it all from right here. And thats the cloud i want. Simple, right . Expect more from your cloud. Ibm cloud. Lauren the heat is on, as the first debate of the 2020 president ial Campaign Gets Underway tonight, 10 candidates will face off in miami, another 10 candidates do the same tomorrow. Ned ryan joins us now. Ned, good to see you. Good to be with you, lauren. Lauren Many Americans are just now starting to tune in. What will they hear tonight, debate on substance or is this pure television, pure spectacle . Its pure spectacle. 10 people on a stage is going to be a total mess. They each get 60 seconds for a response. This is more about not messing up. I will be watching Elizabeth Warren. Shes had a pretty good week. She had a great performance down at the South Carolina fish fry. S shes surging in the polls. The question is, will she be able to not mess up and maybe make a few good points. The fact is, she has been actually making i disagree with all of her ideas, but shes been making fairly rational arguments for her support and winning the support of the aocs, bringing in the far Left Progressive wing. I dont see anybody really breakinbreakthrough. Its all about not stumbling. Lauren who is the attack dog . In 2016, it was donald trump over and over and over again. His attacks gave other candidates like Carly Fiorina a moment to shine. Who is the attack dog tonight . I would think it might be cory booker. Hes been stagnant in the polls. Is he going to look at it as a chance to break out. It would be nice to have booker and biden on the stage at the same time. That would have been interesting. I think cory booker is going to come out swinging, break out of the slump and get to the top five in the polls. Lauren Robert Mueller will testify july 17th. Do you think that will take center stage at the debates and should it . Because if you look at polling, americans are sick of the russia collusion issue. Theyre sick of it. Most American People as whole dont want impeachment. Elizabeth warren has been able to get around some of that and talk about policy points and not focus too much on the impeachment aspect of it. But i still think it will drown it out. Were so early in the race, lauren, its kind of hard to say what will happen or not happen. But again, Elizabeth Warren just has to play it safe. Shell keep surging. I think this is indicative of how weak the Democratic Party is at this point, what Dumpster Fire it is that Elizabeth Warren is in third and surging. You have somebody that made a career off being a fake native american and now shes surging in the polls. What a world. Lauren are you more excited about tomorrows debate with bernie sanders, mayor Pete Buttigieg and biden, should that draw the real fireworks . I think so. You have four of the top five contenders tomorrow night, Elizabeth Warren being the one tonight. I think there will be a few more fireworks tomorrow night. Question with joe biden is, his gaffe machine is just getting warmed up and firing on all cylinders. Will he avoid making any gaffes tomorrow night, moving forward. Lauren to quote howard curst about the debates in general, he thinks theyre going to be a noose fest. Snooze fest. We will see. Cheryl despite optimistic comments from jay powell, stocks pulled back for the Third Straight day yesterday. The dow industrials closing down nearly 180 points, the biggest drop since may as investors weighed uncertainty over trade, weak economic data, prospects from a rate cut from the Federal Reserve. Dominic is here. It wasnt just the fact that he made these comments and to be clear, i mean, his comments were pretty bullish. Im surprised markets didnt perform better. He said basically that the bank would continue to act as appropriate to sustain the expansion and more of the voting members and nonvoting members seemed to be favoring a rate cut. Why did the markets do this yesterday . You literally could watch this as his comments were coming out, the market was going lower and lower and lower and obviously closed, it was pretty ugly numbs betters, based on the numbers, based on the assertation they would keep the eye on the l ball, wouldnt be aggressive and raise lower Interest Rates immediately and maintain the independence of the fed. As his comments came out, the air was coming out of the balloon and markets went into correction mode. Cheryl the president has been critical of jay powell. I want you to listen to what powell said in regards to his relationship with the president. At the fed, we are a strictly nonnonpolitical agency. We are doing our best to serve all americans with our tools. We understand that we have a very important job and were very focused on doing that job and desire to play no role in broader political issues but just to carry out that really important role. Cheryl what do you make of those comments . That may have been as aggressive ive ever heard him speak. He put his foot down. I think hes getting a lot of pressure from the white house. Maybe hes tired of it. This is probably as aggressive as ive heard him speak on the subject. Cheryl the president tweeted, despite the Federal Reserve doesnt know what its doing, raising Interest Rates too fast, the president im not going to read the whole thing. He went after jay powell in that tweet. Gary shilling is an economist that has been kind of i guess infamous, famous, whatever the word for predicting past recessions. He says that the u. S. Economy is already in a recession. He says its a mild recession. But that he thinks the gdp could be shaved off by 1. 5 to 2 this year. What do you make of that. Look, i have to vote on that one. If these we dont get some kind of resolution with china, even if that means neutral, meaning we dont see the extra 2 a 5 tariff, we could be in a recession in the next 12 months. Right now, not happening, right now, status quo, that means a 2 to 2. 5 gdp economy, possibly going into next year. If trade really were to break down over this weekend, if we saw this 25 increase in tariffs, i honestly do see us in a recession within a 12month period. Cheryl hopefully it wont be as bad as the last recession we had. Dominic, thank you very much. We shall see. Lauren rising tensions with iran with their leader dealing nasty words for President Trump and trump firing back. Wheres the offramp in the negotiations or are we headed to war . And fed ex delivering weak earnings yesterday. Why the year ahead is not looking much better for the company. Keep it here, fbn a. M. How do you think im going to get along with you when youre gone. You took me for everything that i had. And kicked me out of my home. Are you happy, are you satisfied. How long can you stand the heat. Out of the doorway the bullets rip. To the sound of the he beat. Available 24 7. Its not just easy. Its havingawalrusingoal easy roooaaaar its a walrus ridiculous yes nice save, big guy good job duncan way to go [chanting] its not just easy. Its geico easy. Oh, duncan. Stay up. No sleepies. Termites, were on the move. 24 7. Its geico easy. Roger. Hey rick, all good . Oh yeah, were good. Were good. Termites never stop trying to get in, we never stop working to keep them out. Terminix. Defenders of home. When i heard that azalshe had a tumor, everything just became dark. When i came to st. Jude, i started to get back some light in my life. On top of firstclass, best care, youll never receive a bill. So that you can zoom in and just focus on this child. The only thing we had to worry about was just keeping azalea comfortable. St. Jude saved her life, and it saved us as a family. Cheryl take a look at how your money is moving this morning. As we get towards the g20 and that meeting between President Trump and president xijinping expected on saturday, investors seem to be more op optimistic at the heapthe hopes maybe a tradel could get signed. The s p is up 15 and a quarter, nasdaq up 63 andahalf. S p close to a new record. The yield on the 10 year is higher by 4 basis points, 2. 02 . Investors keeping a close eye on mays durable goods numbers. Those are out. Well be getting earnings from general mills, pier one, rite aid today. A lot to watch there. Oil is up a little over 1 right now. 58. 85, a gain of almost 2 . Things between iran and the u. S. Still pretty tense. Asian markets, nikkei and a shanghai are lower, hang seng and kospi are higher. Europe, green arrows, slightly to the upside. Lauren. Lauren lets talk about iran. President trump is threatening a heavy military response in the event an iranian attack, tweeting this, any attack by iran on anything american will be met with great and overwhelming force and in some areas overwhelming will mean obliteration. Harsh words after irans president issued a statement calling the white house, close, mentally retarded. John bolton Still Believes the paths will clear. We will simply enhance the maximum Pressure Campaign further. It will be i think the combination of sanctions and other pressure that does bring iran to the table. Lauren National Security and Foreign Policy expert, asha castlebury joins us now. You just heard from john bolton. He says sanctions and other pressure will or may work here. Whats the other pressure we can put on iran . Well, i would say that we will continue to maintain our visible military deterrent in the strait of hormuz and be on standby in a defensive posture in case there is another attack like what we saw not too long ago with regards to our drone that was attacked. But the main effort right now is definitely economic sanctions and how much that will actually impact oil revenues for iran. Lauren well, the sanctions so far, the Iranian Oil Export industry is down almost 90 . Thats 50 billion cut off from their economy. Still, theyre not coming to the negotiating table. If we want to keep the shipping lanes open in the strait of hormuz, we do need our european allies to support us. So can you give a sense, because you worked with the un, of the internationalization of this issue. Well, right about now what youre seeing as part of the maximum Pressure Campaign is to try to mobilize oural lies to allies to build a coalition against iran. Im not sure how much of an appetite there is as of now. There will have to be significant moves on behalf of the United States to encourage the building of a coalition. Were doing that right now as far as poopompeo trying to buila strategic alignment. We have to make sure we get our europeanal lie as part of the european allie as part of the effort. Theyre still in the iran deal. Lauren how concerned are you that were headed to a war . Heres senator schumer. Listen. This morning the iranian president personally insulted our president , President Trump responded, threatening obliteration against iran. Three simple words. No unauthorized wars. Lauren are we bum blin bumg into a war . Despite the rhetoric, both sides have said hey, we are not interested, theres no strategic interest in going to war. So i think youve seen a lot of at this time at thititfortat. There is a possibility due to the fact that we could have an accidental war or miscalculation. Because of tensions, theres a higher possibility that we go to war but then again, both sides have expressed, hey, we do not have strategic interest of going to war. Lauren thank you so much for your perspective today. Remember, keep it here on fox business, the president , donald trump, will be live with Maria Bartiromo on mornings with maria at 8 30 eastern this morning, an interview you dont want to miss. Cheryl here are other headlines this morning. Fed ex delivering bad news to investors. Thcompany posted a loss of 2 billion last quarter. I warned profits for the year will be hurt by the slowing World Economy and the decision to cancel a a contract with amazon. Federal Aviation Administration removed three senior managers that oversee southwest airlines. The removal comes amid allegations of lax safety enforcement and retaliation against whistleblowers. Transportation departments Inspector General is examining a number of issues related to the faas oversight of southwest. The bar code is turning 45. It all started june 26th, 1974, when a pack of chewing gum was scanned at a supermarket in troy, ohio. Happy anniversary. And finally, chickfila has been named americas favorite restaurant for the fourth year in a row. Fast food chain topping the American Customer Satisfaction index, beating out mcdonalds, kfc, taco bell. Chickfila is the Third Largest in the u. S. By sales, 10 billion being booked, line out the door on sixth avenue, if you ever walk by the chickfila. Lauren always. Its an aggressive line. Im often intimidated. I guess thats better for my waistline. The g20 right around the corner and looking at the reaction by the stock market this morning, investors seem to think we may be close to a deal. Dow is up 104 points, nasdaq gaining 57. Were coming you up with the 4th of july, also right around the corner. We take a look at one patriotic industry that could be in danger from china tariffs. And some players dont change their socks. Others have lucky gloves. You are not going to believe what the phillies are doing to try to score some good luck. Its fbn a. M. Baby, youre a firework. Come on, show them what youre worth. Make em go oh, oh, oh,. And as you shoot across the y. Sky. Of your investments. Key portfolio events. All in one place. Because when its decision time. You need decision tech. Only from fidelity. Cheryl as we get closer to the g20 summit this friday, all eyes on President Trump and chinas president xijinping. There is hopes that theres going to be a resolution to this u. S. Trade war with china. Lauren investors banking on that today. Independence day about a week away. The skies will be lit up with fireworks. But another round of tariffs on chinese goods could put celebrations and businesses in jeopardy moving forward. Lets bring in julie heckman, the executive director of the American Pyrotechnics Association which supports the fireworks industry. Julie, thanks for joining us. If you could talk a little about this is a billion dollar industry. Quantify the impact of tariffs. Well, you know, we are really concerned about the proposed tariff on fireworks. The fireworks industry was very fortunate to escape the first three rounds of proposed tariffs. But you know, in may, just before the height of our season, proposed tariffs were including fireworks. So were good for this 4th of july. But our concern is whats going to happen later in the summer as we approach labor day, new years eve and of course the 2020 Independence Day holiday. And this 25 potential tariff is going to be a tax that will ultimately be passed along to the consumer, whether thats at retail sales or those small townships and municipalities across the nation who are trying to fund their Independence Day shows. Cheryl its a billion dollar industry so its grown in the u. S. Im curious how much of the fireworks were using in the United States come from china. Can you give me a percentage . 99 of the backyard consumer fireworks are imported from china. And about 75 of the big professional display fireworks come from china. So its very significant and we dont have an alternate source. Lauren thats the rub, that theres no place else that we can get these fireworks. Why cant we make them here in the u. S. As im sure the president would like to happen. Well, you know, Global Supply chains are very, very complex. And fireworks are made by hand. Its a very laborintensive process that involves a highly skilled trade and we basically regulated the industry out of business in the mid 70s when we had the onset of the Environmental Protection association Occupational Safety and health and were dealing with tsa, department of homeland security. You name it. The regulatory structures just too difficult. Lauren julie heckman, thank you. Cheryl all right. Well, lets take a look at speaking of trade and china and the United States, youve got optimism this morning as we head towards the g20 this weekend that maybe there could be a trade deal signed between the United States and china. Futures kind of starting to bank on that. Dow up 121, nasdaq up 59 andahalf. We could reverse yesterdays losses. Also ahead, could break dancing remember break dancing . Lauren i totally remember it. Cheryl that could join archery, boxing, horse ride forge the summer olympics. If youve ever had a less than nice experience at the dmv, youre not alone. Looks like theyre trying to actually change that. Wait until you hear what the dmv is doing now. You are going to want to watch fbn a. M. After a quick commercial break. All i wanted was a car. All i wanted was a car. Had a parttime job. Lauren its hot. Temperatures from the planes to right here on the east coast are 5 to 10 degrees above average. Cheryl senior meteorologist janice dean is live in the Fox Weather Center with the forecast. Janice its going to get hot outside. Make sure you take all the precautions. Dont leave kids and pets in the cars. 72 right now in new york, its humid, 70 in chicago. The one place we wont see above average temperatures is the northwest. The rest of the country will deal with extreme heat in some cases. We have the threat for severe storms across portions of nebraska, iowa, northern and central plains. Then well have a quieter weather time pattern setting up with more summertime heat. There could be heavy rainfall across the northern plains, portions of the midwest and eastern great lakes. Heres the forecast today. 88 here in new york city, 90 in atlanta, 86 in houston with potential for some scattered storms. 91 in kansas city, 90 in denver. Pacific northwest, thats where weve got the relatively cooler air. One more thing before i let you go, we have a tropical depression. The good news is, it is moving out to sea and away from land. All right, ladies, back to you. Lauren i broke out the sleeveless today, janice. Janice very nice. Lauren thank you. Cheryl okay. So it is basically this is very exciting the United States versus europe at the womens world cup. What does that mean . Lauren jared max, good morning. Jared thats the big billing everywhere, usa versus europe. I mean, more than 72 of americans have ties to european ancestry. So be like a Family Reunion in france. We have eight nations left in the tournament. Seven from europe. The netherlands and italy the last to join th the elite tabler eight. The netherlands edged japan 21. Italy shut out china, 20. Team usa will play france on friday. Baseball history made night, the yankees wasted no time breaking a home run record. Hit in the air, deep left field, if its fair, its gone. It is gone the 2019 yankees have just become the first team in baseball history to homer in 28 straight games and it did not take long tonight. Jared first batter and then the second batter went deep as well as the yankees win against the toronto blue jays. Moving on from the yankees and their home run record, remember the alliance of american football . It was only a few months ago. It folded before the first season ended. Now tom dunden is seeking to recover 70 million he invested in bankruptcy court. He claimed aaf officials made misrepresentations. Next story not a joke, break dancing break dancing has been given provisional approval to be in the 2024 olympics. Did you ever think when you were walking breaking two, electric bugaloo, that we would its just known and breaking in the olympic circles. Cheryl im sure you have to be incredibly talented to do it. Lauren im actually good at this sort of thing. Jared you ever see the movie, major league, remember the superstitions to end the indians losing streak. Check out this plant the phillies are turning to. They lost seven straight. Since brad miller brought the plant into the clubhouse, they won two in a he row. So its working. Cheryl Baseball Players are so superstitious. Jared more than any other sport. Cheryl catch jareds sports reports fox news headlines, 24 7, sirius xm channel 115. Lauren remember the College Degree that you worked so hard on and paid for . Yeah. Why more and more of us are saying it might have been a waste of time. I dont know if you want to hear that story. If huh a rough time at the dmv, it seems like they heard you. Details ahead, fbn a. M. Im so tired. Tired of waiting. Tired of waiting for you. Who used expedia to book the Vacation Rental which led to the discovery that sometimes a little down time can lift you right up. Expedia. Everything you need to go. Lets see how far weve gone. Lets see how far weve gone. I believe it all is coming to an end. Lauren American Workers not too happy with their diplomas. Cheryl mike guzzleman will be on the air today, you say what about College Degrees . I had a blast at fordham university. I had a lot of fun at college. But apparently up to 66 , twothirds of employees right now say they regret having a College Degree. Which i thought was kind of high. But the norm number one reasons because of student death. Leland its all going to be lauren its all going to be foregiven now. 70 of College Graduates will have some sort of debt. Big topic in conversation right now, especially with the democrat president ial candidates going on, but i dont know. Listen, i was always told you need a degree, better to have a degree than not have a degree, bottom line. Cheryl College Teaches you how to learn, how to process information and you use those skills in the workplace. I disagree but i get the money thing. You also go because what you went there for originally might not be what you end up graduating with. You try out Different Things while in college. Lauren then you have to ask yourself, would you trade your experience, those four years in college for anything else, would you just give them up . You were there for more than learning, i think. Right, i did a lot of things in college. It was great. A lot of fun. Lauren lets talk about the dmv, changes are coming and we might like them. The worst place on earth, obviously the dmv. Its a freak show when you go there. Theres long lines and everything. Get this. On july 24th, the dmv in california is making all the employees take a half day because theyre going to retrain them on customer service. Customer skills. How to deal with the customers. Because it is a mess when you go to the dmv. I love this idea because the long lines, it just seems like any time you go in there youre like oh, no. Lauren they yell at you. Cheryl you pay for it. The dmv is funded by taxpayer dollars. If youre on the roads driving, the gas tax, everything else, the dmv, thats what its for. Lauren whats worse, the post office or the dmv. I havent been in forecast office in a long time. Theyre doing the right thing, retraining their workers. Lauren i wonder what that entails, whats on the agenda. For me, its not going to work. Lauren say hello, say good morning. Answer the questions. Cheryl weve got a rally going on in the futures market. I want to show you the numbers. Thinks things heating up, dow up 111 right now, s p up 13 and three quarters, nasdaq up a 57 and a quarter, seems like investors are getting more hopeful about a u. S. China trade deal as we head into the g 20 which is this work. Lauren the nasdaq and s p were down three days in a row. Big selloff yesterday. A lot of investors said jay powell cooled expectations of a cut and bullard said 25 basis points, not 50 is whats warranted. Cheryl the 10 year is rate sensitive to any comments we get from jay powell. Were 2. 02 . Lauren whats on tap today, the data can help determine where the major markets move at the end of the day. We have durable goods numbers for may and earnings from general mills, pier one and rite aid. Cheryl we need to continue to watch oil. Were seeing an uptick in oil this morning. You had more comments coming from the Iranian Regime overnight, the insult to the white house that they made, certainly we dont really have a ddiplomatic solution. Oil is up a dollar and a penny, a 58. 84. That is a gain of 1 and three quarter percent. Lauren im watching gold today, asian markets closed mixed, the shanghai composite down, the kospi and the hang seng slightly higher. That does it for us on fbn a. M. Cheryl mornings with maria starts right now. Maria good morning to you. Thanks for joining us. Good wednesday morning many im Maria Bartiromo. It is wednesday, june 26th. Your top stories right now, 6 0e east coast. Coming up, my exclusive one on one with President Trump this morning, the president will be headed to japan today for the g20 meeting and his important meeting with president xijinping. Before that,