Fbn power to prosperfbn power to prosperp . Prospern wer to Prosper Network ahead i with georgia doug collins, next hour mornings wit, stay with us. Bu vo at audi, we design cars that exhilarate with versatility, whether on the track or the everyday drive. Ilosophy extends to how we connect at your door. Ether a remote test drive, audi at your door can do this and more at participa audi at your door. Ma go thanks so much f[z im mari june 17. Fbtoeast coast coronavirus cases once again aases. Good news on pandemic this promise inngatients. Federal reserve chairman powell capitays there are sig rebound in the uncertnty remains and ier n pushstimulus. Markets are higher, were at the highs of the futures indicatinge will see of yesterdays big rally. The dow 58, ands p 500 up expected retail sales yesterday fueling a rally for stock and at the close the dow inde 526 points, better thanthe nasdaq was 170 s p was up 58 yesterdayofr olice an executive order pushingor training. Emphasized theportance of police, unveiled later toy. Internet, conservativnea remove comments in order to get and keep lucrative google advertising. No more drinks in the air the additional steps some are taking to help keeps spreading. Mornings with right mer tone, european indices higher across the board. Fq100 up 43, dax by 98. S morning, it is slowing in youre row zone the r roexception of japan. Japan reporting may down over 28 year over year. Meanwhile, in chihools, blocking off some neighborh canceling flights as it sees a spike in coronavir c beijing. Join alli huckabee. Great to see everybody this morning. Dagen great to see you. Good morning. St a few hours Police Reformter stage on of capitol hill. Senator tim scott set to reveal the gops justice act today leading senate slamming the plan. They claim is falls short of meaningful reform. The gop plan comes one day after President Trump signed an executive order on police ref choke holds but the most extreme cases it improves information sharing toerea issues. The fuon county, georgia District Attorney expected the his morning against now fired atlanta officer felony and meanwhile, atlanta f officials have released new to protests over they are offering a reward for morning. China i forcingo artine as beijing goesna lockdown. The country making the move due to a serious new outbreak at a wholesale market. The owner claims covid19 was spread byh imported salmon. The chinese governm telp contain the spread, beijing is can many flights, grantingefunds for s blocked off schools as wel pg e pleading guilty to manslaughter in connection w the 2018 camp fire. The utility admitting one of its started pg e i expected toentenced later this week. The plea comes as a sarate judge says hell approve the to exit bankruptcy. Checking shares of pg e in can see, up almost at 11. 15 a share. The u. S. Open will take york city but without fans in the stands. Expressing ety. Governor a u. S. Tennis Association Place including testing additional cleaning and extra locker room space. Police reform in focus this morning, President Trump signing cutive order yesterday in it bans officers using repeatednts and provides incentives for departmentso deploy nonpolice experts issues like m he addition. This comes as senator tim scott his effort that wouldxcessive force and noknock warrants and federal funds to end choke holds. Today the hou crats reform bill introduced last week. Ining us now is congressman doug always a pleasure to see you. Thanwo morning the demo markup happening today. What are you expecting to zeros see what the as we go through this, like we saw last week. The problem we have put every bill they could imagine into this bill we should have been talking about over the last two or of three years when we had a Police Working group to discuil ch theyre trying to bring it out and instead of dealing with the issues of transparency, dealing with officer training, dealing with issues that are the thi difference in continue to be i think trying to enforce Different Things that will be very ility. We need what the president did yesterday, talk about transparency openness, being able to move and make sure officers who are not doing it right are noticing our streets anymore and make sure do their job. Thats what weve will release a different plan. Tell me where this goes in terms of the timing thisx week. This week well have the in t im assuming theyll try and it take it to the floor late next week or the week after. Its my understanding that senator scotts bill has beens that ke theyll take that up in the senate come next week. Of the things we talked about, i want to go back to what the president said yesterday, something w y criminal Justice Mental Health act we put in a bill that actually tuations that they come aoss now adays. Its not just those who are committing bad acts. If you come across those with Mental Health issues, addiction issu w a bill that notice the difference so they can dees these things situations that are just tragic for all involved. Maria congressmanrats on the House Judiciary Committee subpoenaing two justice depa that ag barr sought certain cases for political gain, these fuel efficiency deal between law automakers in california. Congressman, your reaction. Ally . The chairman nadlerith everything weve got going on in this country we c focused on the tech investigation, to be working to ma sure that tech is held accountable for the things theyve been doing talking about their safe hair r bor protectionscar harbor protections that they hide to have their own version of censorship. Why dont we issues of immigration. Instead, were going back to to the old salt lick sotospeak and saying were going to attack the doj because we dont like the doj. Lets let the election in 2020 happen and jerry nadler, start being a do the job of the committee. They want to rehash old things beca and yet theyare ignoring a truly criminal inve durham where we actually did see politicization of the ite house and politicization of the intelligence agencies, the tools that we use against terrorists with the kabal of the pho and cia trapping donald trump of icials trapping trump officials. They have part. They dont want to discuss that part. They have every power they want to use to track down the president , they have every power to lets subpoena mccab ess going back in here and say this is what we have actually seen. Lets ta Inspector General found. We know that what durham is going through. These are the things as you s actually be done. We dont want to talk about why . It ruins their narrative of two years that led us to a sham impeachment, led us to investigation after investigation. The Mainstream Media dont want to be reminded they bought it hook line and sinker when adam schiff was telling stories that didnt pan out when jerry nadler was railing against everything they bought it hook, line and sinker. They dont want to go back because they have to admit they were wrong and the department of just is the was corrupt they were after the. Maria senator ron johnson is working on an investigation right now into the transition, the tran peaceful supposed to be peaceful transition. I asked Valerie Jarrett about it yesterday, to get her reaction to Rick Grinnell accusing the Obama Administration of blowing the trump watch her reaction to that. Ron johnson is investigating that transition. The 125 leaks during the the obama and Trump Administrations what isigations going on right into the origins of the russia probe . I can say to you this completely clearly maria that i am so proud of how we handled who were in nvestigating their work. What they did was consistent with past practices both parties throughout our history. Maria congressman she went on to say that congress has a lot to deal with right now including 100,000 deaths from coronavirus and that you should be focused on that. Fb as her i would want to be focused as well. You may put that interview in the archive and save it because its not going to age well. Its not aging well right now. We know the problems and the leaks that nobody was held accountable foave jim comey saying we have an opportunity to go in and do something we would never have dreamed of doing under other president s. We think we can force something here to enforce our political agenda. We found out in the oval officebout unmasking of flynn we go through this whole process. If i was her i wouldnt want to talk about this either. It dsnt shine a flattering light on the facts of what happened. You can try and divert it to coronavirus. You can try and divert it to the weather. You cant divert the fact that what they did was wrong and what they did was try to disrupt this presidency. It came back to the fbi to the candidacy stage. Thats sad excuse for not wanting to investigate the truth. Maria congressman do you think were going to see john durhams criminal investigation soon . When are you durham to im hoping for any d see this actually begin to be put to bed and actually people accountable for whats going on. So im hopeful at any time now that were going to do it. Because this needs to happen. People want to not want to play down this dont want to talk about it. They have to realize again dont think about this in terms of the upper of a president ial campaign or president ial politics. This could happen to anyone. If theres not a a restraint on what theers were doing, what else were they d anywhere else. We have to make sure the top held accountable for what theyre doing. Maria absolutely. Congressman, its great to see you this morning. Thanks so much. Take care. Maria well keep watching all of that. Weve got a big show coming up. Later this hour ill speak with atlas organizations Jonathan Ward as china and india face sylvias restaurant Vice President of communications is here tranic woods black tells us how theyre overcoming challenges. And Sarah Sanders gives us her take on bias in the media and Equity Partners founder chairman and ceo, robert smith on diversity and Small Business funding. Dont miss a moment of it. Weve got a big couple hours with u Life Insurance program just for healthcare workers fighting covid19. Learn more at massmutual. Com healthbridge 0 miles an hour, thats where i feel normal. Having an annuity tells me my retirement is protected. Protected Lifetime Income from an annuity can help your Retirement Plan ride out turbulent times. Learn more at protectedincome. Org. Making your life a bit more effortless is the lincoln way. So as you head back out on the road, well be doing what we do best. Al, realtime tours of our vehicles as well as remote purchasing. For a little help, on and off the road. Now when you buy or lease a new lincoln well make up to 3 payments on your behalf. Now is the time for a new bath from bath fitter. Every bath fitter bath is installed quickly safely, and beautifully, with a lifetime warranty. Go from old to new. From worn to wow. The beautiful bath youve always wanted, done right, installed by one expert technician, all in one day. Weve been creating moments like these for 35 years, and were here to help you get started. Book your free virtual or inho Design Consultation today. X maria welcome back. Markets looking to extend yesterdays gains take a look at futures with a gain this morning of 166 points, nasdaq is up 52 and s p right now up points ahead of the trading. Stocks soared yesterday after a record jump in retail sales. Dow was up 526 points yesterday. Joining me right now is thefb icg chairman leon kalvaria. Thanks very much for joining us. I want to talk about Capital Markets this morning what your sense business coming back, whether its ipos, deal flow, whats your sense of Capital Markets today . Good morning maria. Thanks for having me today. There in person. The markets have obviously come back significa the march lows. The fed involvement has been significantly and as a result firstly the Investment Grade market came back in size and there was record issuance in the first quarter, going into the Second Quarter as companies stabilized their balance sheets. Then the high yield market came back in stages. And then last but not least massive issuance of secondary equities and ipos. So from a market standpoint, weve seen great receptivity for companies that have performed this period of time. We had royalty farmer yesterday with an ipo over 2 billion. Warner music with an ipo close to 2 billion. The sale of p cs stake in l blackrock for over a billion five. So theres Significant Investor interest right now and some level of stabilization in the market and lowering of volatility. Maria leon, isnt it interesting to you that we are officially in recession right now. I mean were talking about a contraction in the Second Quarter of up to 30 a yet youre seeing companies doing ipos youre seeing markets near record highs look at where the nasdaq is. What do you make of this and whats your view of whats to come in terms of the pipeline for ipos . Well, let me start out i mean the market isooking forward to 2021, 2022. You know, everyone has talked about an u an l i dont think people totally understand where the marketplace will be from the standpoint of that. But i think that what we will see here is some level of recovery in terms of the third and fourth quarter. The question really becomes what happens on the employment side. Obviously, debt is profound and we will see some level of good numbers coming in here. But good is a relative issue, relative to the number of people that are still unemployed. Thats a big focus and if we end up with infrastructure bill, that will be significant in terms of hopefully returning people back to work. The marketss looking forward i think well see more ipo issuance it will be for een resilient during this period of time and some in fact have outperformed. Maria yeah. Bifurcated situation. We had some very good retail Sales Numbers yesterday 17. 7 gain in retail sales. You also have certain things like the Digital Economy doing very well. But then there are others filing fobankruptcy in retail like jc penney niemann marcus, j crew, peerpier one. Tell us the sectors the growth you think growth is going be in and where do you see the most activity whether its deal flow ipos, stocks, whatever it is, what are the areas that you see activity right now . First and foremost, i think some of the retail bankruptcies were companies that were impaired coming into the crisis and the crisis simply accelerated badly their demise. If you look forward right now areas like fin tech, i think fin tech will accelerate development that will now and i think well see Significant Impact in that sector right now in terms of consolidation and m a. Secondarily, youll see consolidation in the Energy Sector where theres a number of Impaired Companies sitting there and they need to be consolidated and brought into some level of a framework that they can operate in this kind of environment right now. So those are two areas. The Consumer Products sector may see some consolidation obviously eating at home has had a Significant Impact on some of see some great, Great Potential transactions in thatr. I dont want to say were totally bullish here right now but theres a number of companies that have come out of this well positioned and this has accelerated their growth. Maria leon, its great to have you this morning. Always good to get your o aappreciate your time. Thank you very much. Maria well be right back. You say that customers make their own rules. Lets talk data. Only Xfinity Mobile lets you switch up your wireless data whenever. I accept 5g everybodys talking about it. How do i get it . Everyone gets 5g with our new data options at no extra cost. Thats good. Next item corner offices for everyone. Just have to make more corners in this building. Chad . Your wireless your rules. Only with Xfinity Mobile. Now thats simple easy awesome. Switch and save up to 400 a year on your wireless bill. Plus get 200 off a new Samsung Galaxy s20 ultra. Maria welcome back. Tracking your data, the wall street journal out with a new piece this morning tech firms are spying on you. In a pandemic, governments say thats okay. The paper identifies dozens of local governments using data from Smaller Companies that market tracking information to keep an eye on of people as businesses reopen. Joining me right now is fox news senior judicial analyst judge andrew napolitano. Judge, this does not sound good. It does not sound good at all. It is basically hundreds of local municipalities and cities and the 50 states violating the Fourth Amendment right to privacy by surveilling the movements of people without search warrants. Now, surveillance is a search, meaning if the g wants to follow you for whatever reason they have to go to a judge and present probable cause0of crime. To follow somebody is a fisa warrant. This has nothing to do of with fisa or foreign terrorism or allegation of foreign terrorism. For a government to license the use of apps from private entities that will follow you for the government and then the rnment to accumulate that information, no matter how beneficial the government claims its behavior is, the government says its doing this because it wants to know where people congregate and where theyre close to each other even though were on the downside the covid slope the government simply cant do that and cant get away with it. Unless someone can show that they were spied on and they were harmed, they cant even get into court to challenge it. Maria well, this is a dangerous slippery slope thats for sure. Had on wilbur ross and i talked to him about how these four Chinese TelecomCompanies Sold technology to u. S. Carriers decades. That gave the Chinese Communist party access to government corporate personal data conversations, all proprietary information, flowing through those networks and it happened for two decades because they sold us this equipment and these companies trade on the new york stock exchange, by the way. So were actually funding it. Its absolutely extraordinary. Go ahead judge. Youre right and the secretary is right. The governments job is to protect our rights. One of those rights that it is supposed to protect is the right to privacy. In the case that you and secretary ross talked about the government it of self permitted our most vicious and dangerous enemy to violate our privacy and in this case that the wall street journal has written about, the government is the violator of the privacy. So the culture in government is do anything you can to avoid the Fourth Amendment. Maria but were also talking about censorship this morning judge. Nbc news verification center, who knew they had a vair verificationre forced to back back of after allegedly pushing og a conservative wed. Hillary web website. Over what theyre calling racist nbc alerted google to the federalist themselves. Its nbc tryin the federalist out of business. Google reviewed the issue and stated this on twitter. The federalist was never demon de monday advertised. Wee looking at the Comment Section. We can see the matter resolved and no action will be taken. Taking away the comments section. What do you think real quick judge . Weve got to jump. I think that censorship is repugnant to the first amendment, even private censorship even nongovernment censorship. But the president is right. Nbc is in the business of silencing those that disagree with it by tarnishing them with a brush of racism. Maria and google is so big that it can do it. There you go. Judge andrew napolitano, always a pleasure to see you sir. Thank you. We will take a break. When we come back, a brutal border dispute china and india are facing off in one of their worst border standoffs in decades. People are dead. And airlines forced to adapt to the pandemic, the latest changes with their food and Beverage Services to keep fliers safe, all that after this. Forever and ever you stay in my heart and i will love you. Forever and ever, we never will part, how i love you. Where will you go first . Wherever you make go lexus will welcome you back with exceptional offers. Get zero percent financing and make no payments for up to 90 days on all 2020 lexus models. Experience amazing at your lexus dealer. Maria welcome back. Good wednesday morning everybody. Thanks sore much for joining us. Im maria bartiromo. It is wednesday june 17. Your top stories 7 32 a. M. On the east coast. Markets are higher, were looking for another rally this morning when the opening bell happens, theyre going to extend yesterdays big move. The dow industrials this morning at the highs of the morning up 180 points, two thirds of 1 . The up 19 on top of a big rally yesterday, sparked much by the stronger than expected retail Sales Numbers we brought you yesterday, 17. 7 reported on retail sales for the month of may. Dow industrials at the close up 526 points better than 2 . The nasdaq up 169 s p up 58. 58. Global markets with a firmer zone. Inflation slowing in the eurozone this morning may Consumer Prices were out falling a tenth of a percent month over month. The fq100 is up 38, dax is up 91 now. In asia markets were mostly high wear the exception of japan. We had japan reporting may exports were down 28 year over year. In china beijing is closing schools, blocking off certain neighborhoods and canceling flights as it sees a spike in coronavirus cases once again. Meanwhile, this, several airlines are banning alcohol now from the friendly skies in an effort to stop the spread of coronavirus. Cheryl casone with those details now. Cheryl maria as if flying during a pandemic isnt stressful enough, youll have one less option to relax while youre onboard. Delta is banning the sale or consumption of booze onboard domestic flights as well as flights to mexico, canada, the carribean and central america. American airlines is going to limit alcohol and food depending on the length and destination of the flight. First class and International Passengers will still get served alcohol. In the u. K. , easy jet and Virgin Atlantic are not going to serve alcohol for now. Southwest airlines is extending its policy to leave middle seats open on flights through the end of september to curb the spread of covid19 and will now ask passengers to fill out a health deeing declaration before they board the plane. At least 3400 jobs are being eliminated at at t as the Company Looks to accelerate cost cuts amid the covid19 pandemic. The carrier is closing 250 stores. The layoffs target technical and clerical positions. At t made the announcement as more consumers shop online after lockdown orders forced the companys Retail Stores to close. The pandemic seems to be accelerating the overall 6 billion cost cutting push that they announced back in october of last year, taking a look at the stock its up a half of a percent in the premarket. This is one of the most heavily Indebted Companies in the United States right now. And then finally heres a look at whats trending this morning onoxbusiness. Com. The university of virginia is changing its athletic logos after criticism they referred to the schools history with slavery. Mcdonalds is bringing back some of its menu items possibly salad and chicken tenders that were cut to speed up service. Nathans famous july 4th hot dog eating contest is a g its going to take place as scheduled, without a live audience. It will take place on coney island. Those are your headlines from the newsroom. Right cheryl. Thank you. Meanwhile, we are looking at china, rising tensions on the india, china border now. India says 20 are dead after a clash with chinese troops. This area is a long disputed zone in the him layan mountains. The conflict is the worst military confrontation between the two nations in decades. Indias Prime Minister calling for a meeting to discuss. Joining me right now is Jonathan Ward. Jonathan, its good to have you this morning. Thanks very much for joining us. Secretary pompeo last week when he joined me on sunday morning futures said that china is using this opportunity this pandemic as an opportunity to gain more ground. And as a result, they invaded india. What can you tell us about the situation which is on which is happening as we speak. Sorry, pardon me. Good morning maria. Good to be here. First of all the most important thing here i think is that this is the first use of chinas military to kill soldiers from a neighboring country in the 21st century. Inthey went to war with pretty much every neighbor they had including india in 1962. Theyre building a more capable military. We have the first instance of interstate violence caused by china. So it be the last one. You and i have been talking about that for a long time. Chinas pressing its claims all over the region. Here what its doing most significantly is this is really going to be a turning point in china, india relations. China, india relations have always been tense. But in 2018 there was the wuhan summit and xi and modi got together to try and diffuse problems in the relationship after the doklam himlayan crisis. It was meant to diplomatic energy into the relationship. Thats going to be gone now. The indian public has been unfriendly to to china because of 1962 and other broken promises. This is another real turning point. China is losing its relationship with the United States and also losing its relationship with india. So as it loses relationships, you can imagine a very fractious geopolitical environment. Maria jonathan, where does the u. S. Stand in this . Will the u. S. Aid india . I know this is one area that some people believe the manufacturing supply chains that the u. S. Administration are hoping to come out of china could end up landing in india. Well, that would be the right thing to do. What we really have to be doing is moving our supply chains out of china. Chinas fundamentally taking the entire civilian economy through made in china 2025 and repurposing for military power. We cant have corporations banks contributing to chinas militaryization and conflicts in the region. India would be a good destination. Businesses are going to have to put as much energy into figuring out how india works in the 2020s as they did to figuring out how china works in the 2000s. The u. S. , india relationship is a relationship you can build into. We are going to be opolitically aligned. Theres this important space the two most significant democracies to come together and build this alignment that can bring other of regional powers in and ceos and Institutional Investors have got be a part of it. They cant keep betting and doubling down on china. Maria whats your take on the telecom story . I want to ask about huawei and 5g. I spoke with wilbur ross about news this week that the Commerce Department will allow u. S. Companies to work with huawei on 5g standards. I wondered why the change. Heres what the secretary told me last hour. Will this of move normalize an elevated company that has tie toss the chinese company. We know this is a state run company and there are back doors and the data goes back to the Chinese Communist party. Why the change . Well, the change is really simply a clarification. It doing something to help huawei. The idea of this is to make sure that standards are symmetrical that theyre worldwide and that with 5g they facilitate the interconnectedness of everything. Every person, every thing every factory, every process. Thats the whole idea of 5g. Maria and then there is also the story of the Chinese Telecom companies having sold technology to u. S. Telecom companies enabled them to spy on our networks, jonathan. Your reaction . Right. Well i guess the new move on of huawei has to do with standard setting. China at this point having achieved such substantial market share internationally through its tell telcos and Tech Companies the concern would be if we restrict our engagement with them in that way we would be left off the table. That going after huawei in every possible of way. That has to move forward full force, particularly on semiconductors. Thats the biggest question is to what extent are these export controls and the rest of the sanctions Program Going to impact and limit the abilities material things with huawei. Because huawei is a dangerous actor. Part of the ccps critical infrastructure. Maria its about spying. Its about spying of. Its also about stealing llectual property. We know the National Institutes of health fired 54 researcher as ongoing investigations reveal 93 of them failed to disclose any links to the Chinese Communist party. I should add that that harvard professor who was indicted is pleading not guilty to hiding ties to china. He was the head of the Chemistry Department at harvard and getting paid by the ccp. Jonathan, real quick. We have to go after things like the 10,000 talents recruitment programs they deploy globally, in order to bring not only intellectual property but minds themselves and peoples skill sets to to helping build china. So yes we have to be very careful about that sort of thing. Maria jonathan, its great to have you this morning. Thanks so much. We will see you soon. Dr. Jonathan ward joining us, chinas vision of victory author. Coming up, Small Businesses fighting to stay afloat. Ill speak with the communications Vice President of the world Famous Family owned nearly 60yearold restaurant is overcoming the coronavirus shutdown. Lights camera, action, filming resumes today for popular cbs soap opera bold and the beautiful, not without social distancing restrictions. Well see how the drama is adapting to new love scenes. Wait until you hear this. Stay with us. Im going to get what i deserve. Now is the time for a new bath from bath fitter. Every bath fitter bath is installed quickly safely, and beautifully, with a lifetime warranty. Go from old to new. From worn to wow. The beautiful bath youve always wanted, done right, installed by one expert technician, all in one day. Weve been creating moments like these for 35 years, and were here to help you get started. Book your free virtual or inhome design c maria welcome back. Restaurants reopening across the country, but not in new york city. Outdoor dining remains off limits. In harlem, world Famous Family owned restaurant sylvias has been dishing out legendary soul food for 60 years. They opened their doors back in 1962 and the restaurant has stayed only open during the coronavirus pandemic for pickup and delivery orders of. Joining us right now is the Vice President of communications for sylvias restaurant, trenis woods black. Thank you for joining us. Are you rdy to welcome customers back . Tell us how business has gone in the middle of all of this pandemic even if it was just pickup. Listen, we are more than ready to welcome our customers back. Weve been happy to see everyone support us with takeout and delivery. We even took it a step further by starting a sunday food pantry along with the National Action network and the Care Organization to just be able to give back to the community that has loved on us for so hard and for so many years. So were excited to doand were were well be happy when we can have our customers inside the dining room. We know that will be some time away. Maria a couple months ago we did a segment in the studio with you and you brought all this food. I mean, beyond delicious. Have you changed the way you operate because of the pandemic . Have you had to lay anybody off . Have you had to change the menu, change the way you operate in terms of social distancing rules, et cetera . Absolutely. Absolutely. We have done all of the above. Some items we had to take off for a period of time because food the price on food has gone up so, so much due to the pandemic. So our favorite at the restaurant, smothered short ribs of beef, we literally didnt feel comfortable passing that additional cost off to our guests. So weve had to do a lot of modifying, a lot of restaurants in the community werent able to pivot to an online and delivery format. Were still working it out trying to figure out how do you translate that sylvias hospitality via takeout without you being in the restaurant. But i think a combination of making sure that the recipes are authentic and consistent as well as having our food pantry that gives out Food Products as well as packaged items from the Care Organization definitely helps. Maria well, the pantry was a great idea and its interesting because your audience, your klineclient tell eel is so loyal to sylvia and you were loyal back to them, saying were not going to pass on of price increases there. I love the loyalty there. The foot traffic has to be an issue. How big of an impact has the loss of foot traffic been . Oh, my god this time for us has been one like weve never seen and the truth of the matter is unfortunately a lot of our business neighbors have closed due to the impact of not having that foot traffic. Prior to covid sylvias had 117 employees and weve had to lay off the majority. Like others in our industry. And its just been a heartbreaking heartwrenching time. Were operating just on takeout and delivery alone abbreviated menu, very long hours. Our family and our staff family that are still with us are literally working around the clock just to make ends meet. Were open every day from 11 00 until 8 00 p. M. But not having our guests inside the restaurant has hit us deeply. Were very fortunate because we do own our property but those who have rent to pay you know, its virtually impossible. Restaurants run on a very small margin and theres already a lot of legislation that we had to deal with and just last week mayor de blasio wanted us to look at loans that, you know, would increase payroll amount to like 20 an hour and things of that nature. Were like wait a minute, do you not realize were in the middle of a pandemic. So were just thankful. Were working with city meals on wheels to do senior calls campaign so you can virtually volunteer in our pantry. Maria i love that. I love that. Thank you. I really look forward to the time i can come back to your restaurant. Thank you. Maria absolutely. And we look forward to you were rooting you on from afar. Well see you soon. Appreciate it. Take care. Stay healthy. Save hundreds on your wireless bill without even leaving your house. Just keep your phone and switch to Xfinity Mobile. You can get it by ordering a free sim card online. Once you activate, youll only have to pay for the data you need starting at just 15 a month. There are no term contracts, no activation fees and no credit check on the first two lines. Get a 50 prepaid card when you switch. Its the most reliable wireless network. And it could save you hundreds. Xfinity mobile. Maria welcome back. Time for the morning buzz. The bold and the beautiful resuming production today this popular cbs soap opera will begin filming in los angeles for the First Time Since march with covid19 Protection Measures in place. How do you do love scenes with social distancing. Some love scenes will feature the actual husbands and wives of the actors. Interesting change there. Dagen, your reaction. Dagen its one of the only, quote, soap operas that still on the air. Young and the restless and bold and the beautiful. I actually watched it when i was younger and still more recently you with my mothe i can name those characters. So its just a very interesting take. Because you need a little steam on your soap opera and thats how theyre doing it. Maria well, i used to watch i grew up watching all my children which was so good with my sister. But i mean, theyre actually using your actual husband and wives when they have love scenes. I thought that was really interesting. All right. Zoom exhaustion, employees across the country are tiring of the Video Conferencing app apparently. Some saying its been rough adapting to this new way of Corporate Communication according to to the wall street journal. Alli do you have zoom fatigue . I started with zoom fatigue. My team has decided we are not using it anymore staring at oneself while trying to make eye contact with a camera is getting old. Im definitely with you. [ laughter ] maria well, i heard that Microsoft Teams is very good also. I know we did a segment earlier about zoom and the fact that the servers are in china. Governor huckabee, your thoughts . Well, i think everybodys tired of all of the distancing and the zoom and were looking forward to being able to see people again. And i want to comment on a story i know its out there and that is that there are a focus on all of the people who are at odds with each other. Theres some wonderful videos of people sharing love, compassion, and respect for each other. I think we need more of that. Maria for sure. A lot more of it. Maria i agree with you. 100 . Well be back with more of that, continues. Stay with us. Making your life a bit more effortless is the lincoln way. So as you head back out on the road, well be doing what we do best. Providing some calm in your day. With virtual, realtime tours of our vehicles as well as remote purchasing. For a little help, on and off the road. Now when you buy or lease a new lincoln well make up to 3 payments on your behalf. Maria welcome back. Good wednesday morning. Thanks for joining us. Im maria bartiromo. Wednesday, june 17 top stories right now 8 00 a. M. On the button on the east coast, coronavirus cases are spiking again, six cases in florida texas record high number of cases good news on friday pandemic a low cost storied shows promising in treatmenting patients Federal Reserve chairman jay powell says signs of a modest rebound warning significant uncertainty remains pushing congress for more stimulus markets higher this morning futures indicating a gain start of trading extending yesterdays rally, now at highs of the morning with dow futures up 98 nasdaq futures up 48 s p futures up 10 points much stronger than coupled retail sales fueled a rally yesterday market up 526 points on the dow, the nasdaq up 169, President Trump taking action on Police Reform he signed an executive order pushing for higher standards, for use of force, and deescalation training emphasizing importance of police saying without police there is chaos, Congress Working on additional reforms he to be unveiled later today u. S. Greens green light to work with huawei on 5g statdz commerce secretary wilbur ross telling me he is opposed to the use of Huawei Technology saying spike a real issue. Have censorship google force he skroef news sights to remove comments to keep lucrative google ads mornings with maria is live right now. Global markets this morning higher european indices higher across the board ft 100 up 27 cac quarante up 49 dax in germany up 61. Inflation 140g in eurozone this morning, mays Consumer Prices doin a tenth pastor monthovermonth no real inflation, in asia overnight markets mostly higher except japan noo to me was down japan reporting that exports may down over 28 yearoveryear. In china, beijing is closing schools, blocking off neighborhoods cancellation flights as it see as spike in coronavirus cases, joining the conversation this morning, Dagen Mcdowell ali Mccartney Mike huckabee great to see everybody. Great to see you good morning. Some top stories this morning in a few hours, Police Reform will take center stage on cap pill senator tim scott to reveal gop justice act leading Senate Democrats slamming the plan before seek it claiming it falls short of meaningful reform House Democrats unveiled thus justice policing act, comes as President Trump signed executive order on Police Reform banning chokeholds in all but most extreme cases improving information sharing to degrees Mental Health issues. Fulton county georgia District Attorney expected to announce whether to charge the officers involved in rayshard brookss death charges against no i fired atlanta,including felony murder atlanta fire officials released photos of a woman they believe was involved in setting a wendys on fire during the protests over brooks district offering reward for information. Google under strunt blocking financial blog zero zerohedge,then aing to take that step against federalist for violating policies on dangerous for derogatorytory content senator ted cruz sending a letter to saying company abusing monopoly power to censor political speech scomrpt to propose limits on Legal Protections for big tech firms twitter google fake according to the wall street journal proposed reforms could be announced as soon as today, and are aimed at forcing Intent Companies crack down on illicit illegal content on sites President Trump recently signed executive order targeting Legal Protections of social Media Companies in response to concerns amend online censorship nbc news vaefshgs center to backtrack the report says Technology Giant planned to deep mon he demonetize zerohedge and federalist over racist comment goal said freflt was never demonetized it removed comments onsite joining me Fox News ContributorSarah Huckabee sanders thanks so much for being here. Great to be with you thanks, maria. Maria well interesting, that google can force the fredralist to eliminate Comment Section not like the fredralist wrote comments these are from people read articles on the federalist want to comment on then google said if you dont move that Comment Section we are cuttinging into your ad revenue. I think drours game for google to play censorship card particularly efforts of censor shichl on conservative web sites if they dont do the same on liberal web sites i think shows a very clear buys in terms of very clear message where they are leaning where they are pushing people to go i think that is very dangerous road for them to go down like the media, shouldnt take a roll, in elections, google other big Tech Companies should not they need to put information out there the let americans decide for themselves where they are going, i have seen outrageous comments a lot of liberal web sites about president people in his administration myself included never taken down never been asked to be removed by Companies Like google i think this is a very dangerous road one they should think very carefully about before they travel down. It probably one of the reasons, that there are real questions, about new legislation that will remove any protections that social Media Companies have in terms of not getting sued because they are not content creators in fact devin nunes says that is exactly what they are, content creators. That is certainly what they are becoming and moving more into that space. And again i think that that is a difficult place for them to travel down particularly we have seen so much intensity focused on censorship of conservatives but not that same level of scrutiny placed on liberal web sites i think they are putting themselves in a very bad position and not a very good one as moving forward over the as we particularly get closer to the election and something i think they should at a take a step back from across the board for big tech and social media platforms. Dagen . Dagen sarah, so many people in the immediate are upset with and you experienced this firsthand, President Trump and the treatment of the media by people within the administration. However, i will point out to quote shane david cofounder of the fraed federalist it is nbc news that is interfering in the kofrm of an election here is what wrote nbc news in a lot of trouble given they aspired with secretive foreign outfit referring to the uk center for counterering digital hate the to defame the federalist seek to interfere in u. S. Elects trying to get publications banned be platformed in middle of a 2020 election some need to hold up a mirror look in it if they want to talk destruction of our constitutional protections of federalism of speech the destruction of trust, in the media. Absolutely i think one of the things weve seen significant amount of particularly over the last several years, is democrats in liberals all for freedom of as long as what you are saying what is they also believe, if you dont, then they want to shut that down they want to censor it close you down and i think that we see that more and more through the big Tech Companies i think again, they have got to take real steps to correct this and make sure that they are not playing content creation but simply providing a platform for other people to put information out there, otherwise, i think they are going to find themselves in a lot of hot water moving forward. Maria let me ask you about john bolton are former National Security adviser john bolton now being sued by Trump Administration over the release of his new book so the department of justice, says the them aways contains classified any information could come myself National Security should be blocked next week they say bolt fully cooperated with guidelines your reaction. Look i have not read the book hard to comment on specifics i was in the room with the president , far more than john bolton the last three years, and based on what i am hearing about the book in my experience what i saw was a president loves this country spent every day trying to make it better john bolton echoed that message of the president , and publicly said a lot of very nice things about the president , right up until the moment he got fired. I find that to be extremely interesting, he had a moment that he could have testified under oath if he thought there with ebb impeachable offenses he didnt he often had agenda ran contrary to the president i think what we are seeing right now is an effort to sell more books, by john bolton i think it is a sad thing a bad thing for the country, that he has chosen to go down this road. Lets talk fathers day, around the corner sunday weve got your father with us on the panel today. What do you have planned for sunday sarah . I am unfortunately i am not going to get to be with my dad, but we have been able to spend sometime together and you know i used to think that i was a pretty big deal to my dad i had kids kwieshlg lender i didnt matter anymore it was all about grandkids perfectly fine and theyve had a great time spending time with their papa hopefully we will have many home made cards from them for him on sunday. So that what about it governor so proud . The i would say sarah who . The i have six wonderful grandchildren three by stara three from other son i dont recognize her except when i see her on television. See each other fathers day, we see your post your beautiful family sarah congrats to you. Thank you. Great to see you sarah Sarah Huckabee sanders, governor hugging bee great to have you all morning long a lot o to talk about coming up speaking with mr. Equity partners founder chairman ceo robert smith on diversity in Small Business funding. Dont miss that. Stay with us. We probably from the first dose. And it lowers risk of heart attack, stroke, or death in people with known Heart Disease tors. Trulicity isnt for people with type 1 diabetes or diabetic ketoacidosis. Dont take trulicity if youre allergic to it, you or your family have medullary Thyroid Cancer or have multiple endocrine neoplasia syndrome type 2. Stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, severe stomach pain, changes in vision, or diabetic retinopathy. Serious side effects may include pancreatitis. Taking trulicity with sulfonylurea or insulin raises low blood sugar risk. Side effects include nausea, diarrhea, vomiting, belly pain and decreased appetite which lead to dehydration and may worsen kidney problems. Were committed to helping ensure trulicity is available and affordable. Learn more at trulicity. Com. Maria retail record jufrm futures up investors optimistic over record Consumer Spending yesterday ked we saw may sale report seeing largest increase son record retail sales up 17. 7 in may, overall sales down 8 from february. Joining me right now Wells Fargo Investment Institute president , great to see what you did you make of that retail sales number yesterday i guess did give credibility to the report on jobs when we saw 2 1 2 million jobs created in the month of may. Yeah why you are exactly right maria, good morning. So it was strongest reading on record and if you get into each of the categories spending kind of off the charts across almost all category so there is just absolutely nothing bad at all about the retail Sales Numbers your point really taken if you couple with jobs report from a couple fridays ago also if you start looking at things like what weve seen we mortgage investigations setting 11year high already this morning, that was released nfiinti. Numbers much better a proxy of Small Business we have seen the university of Michigan Consumer sentiment number move higher even consumer comfort numbers move higher the data of late has certainly been much better and well received. What to you want to do in terms of investing weve got he mccartney on panel you have been talking about midcap companies. Yeah i think a lot of the data that we have talked about is already been priced in that is trading over 20 times next years earnings sort of thrown out this years earnings the question is if we are a little overvalued and if a lot of good news good data is priced in then where do we find opportunity. And were starting to look at midcap space because larger cap growth has been what has taken us out of the bear market we see a lot of room and cyclicality bottoming in numbers mid caps also very value oriented what is your positioning on growth versus fall do you see a lot of good news is priced into the market already . When you have risks being put in frofblt us like were seeing second waves this other countries. Great point we like mid caps like the techs for sometime two favorite areas, large miscap stocks over of caps dmefb over international cyclical over certainly make gament that there is a cheaper valuations there better for track valuations we think Technology Consumer are discretionary, lead market higher there is a value play we like we think financials do make some sense dividend yield while you wait most financials trading far less than tangible value, so there is some Good Opportunity in the market you have to be selective i wouldnt tell they were cheap, industry levels we are looking at today. You expecting anything out of jay powell today the Federal Reserve chairman gearing up for day two of semiannual congressional cinema yesterday, of course here is what he said about the economy. Yeah last thing i will say is this quite uncertain but we appear entering that second phase of the economy reopening, businesses reopening, spending increasing the long run i am positive that we will have full recovery the fact is weve had largest economic shock in living memory in the economy is going to recover from that we have to be a little patient. Maria all this as fed is now buying Corporate Bonds, directly from eligible lenders dont fight the fed what do you do . Do you do what the fed does. Certainly the latest trade has been to buy what chair paul is applying they announced monday that they call the secondary market Corporate Credit facility what those used to apply up to 250 billion dollars worth of Corporate Bonds, in the market 85 days about launching it we think Corporate Bonds spread products still make sense here as you think about the back half of the year all kinds of firepower couple that with what they announced monday with main Street Lending program also has 600 billion dollars worth of ammunition boston fed will picture up to 95 loans there is some opportunities still think in fixed income markets where fed goes we wanting to. Will. Maria okay. Follow the fed, great to get your insights thank you. We will see you soon stay with us. Well be right back. Whether a remote test drive, shopping, tradein or even Service Pickup audi at your door can do this and more at participating dealers. The premium audi dealership experie nce, on your terms. Audi at your door. Maria welcome back. Mac zuckerberg into politeness facebook ceo writing oped in usa today outlining plan to get out votes this November Zuckerberg writes this, i believe facebook has responsibility not just to he preventative Voter Suppression disproportionately targets people of color but actively support well informed Voter Engagement registration turnout announced universe will be able to turn off political ad as part of a new feature governor huckabee what do you think about that. Zuckerberg seems to get it in a way a lot of other tech executives dont not perfect for sure but recognizes the consumer ought to are tr turn off political ads not media jubt not media giant i appreciate himor done. All this pressure on social media, about Media Companies in general to make sure and not at least put get perceived as covering up speech censoring free speech doj making moves how does this play out in your view . I think, are these companies have one of two choices, they either start acting like a common carrier dont try to regulate what people say simply provide a platform or else government is going to but have them up but have them up hard frankly, i dont see them having enough good common sense to make the decision on their own i think we are going to see, antitrust sacks civil suits and they are going to be split all to pieces. Dagen. Dagen some of what zuckerberg is doing is of posturing trying to look better than other large Tech Companies that are monopolies google working in cahoots with Media Organization to shut down nbc news to shut down another Media Organization but in terms of bastions of liberal and progressive thought that is what Technology Companies are, they need to start walking the talk i say it over and over again. But if you look at black america 13 this have country population is made up of black americans, facebook the overall with with workforce less than 4 workforce at facebook is black. In technical jobs it is one and a half percent. That is appalling they need to start stepping up i am going to call them out as much as i can what they are doing in terms of hiring practices is really, really frightening. Important issue that you raised investors are waiting on housing data this morning that housing data out in moments we will bring those numbers, on the other side of this break. Stay with us. Maria thanks for joining us. Im maria bartiromo. Wednesday, june 17 breaking news on moifrng market may Housing Starts building are permits due out any minute we have seen housing, reallys soar in this economy, ahead of the numbers futures looking to add on to yesterdays gains, right now highs of the morning where dow industrials up 126 points nasdaq up 46 s p 500 up 14 3 4 Global Markets with firmer tone european indices right now green across the board ft 100 up 45, cac quarante up 70 dax up 100 points right now inflation, slowing. Eurozone the Housing StartsCheryl Casone with numbers. Cheryl this is interesting, a little bit of a miss here i am surprised i will get to why in a second the estimate for 1. 095 million Housing Starts for the month came in below 974,000 that is stories about pentup demanded are permits future activity for real estate permits 1. 228 came out 1. 22 basically in line if you look at Single Family starts jumped by. 1 multifamily though 15 , that think about apartment be ons townhomes the reason surprised by data the dow up 153 we also got earlier news 7 00 a. M. Eastern, 30year average 3. 3 8basis point drop we have seen refinancing activity jumped 10 weekoverweek you basically got mortgage demand 11year high because of pandemic maria youve got people in larger cities that have really started we think to move that process to go to maybe smaller areas, small to understand get more space, if you will. So a little bit of a miss still you got a little bit of a jump premarket for your Home Builders lennar Toll Brothers as i send back to you maybe see what june brings nhb may you thats sentiment 21 point jump a little bit of a surprise could be on National Story with lagging indicator kind of miss on estimate, is the fact about that youve got not all of the country excuse me was reopening for the month of may we have had a slow start pun intended if you will maria for the country to kind of get back so maybe june data will be better still not a huge affect on the markets back to you. Maria well we had a really great environment in terms of housing that has been one of the stronger sectors no surprise estimates all the way up there, of up 22 or so we got a number which is much lower as you just reported cheryl up better than 4 Cheryl Casone thank you Small Business in america has been hardhit bib the coronavirus shutdown somes experts predicting nearly half black owned businesses across the country will not recover, owners typically have fury resources to fall back on tough time getting eyed research those number of black Business Owners in the United States falling between february and april, next guest has personally been working with most prominent means in the private sector big Banks Administration issues legislators to ensure ppp funds are available to Small Academy based banks mr. Equity partners Founder Robert s. Smith a pleasure to see you. Thanks for being here floo good to see you. Thank you for inviting me. I love the fact that you have taken this on, and you were trying to get the word out about the availability of ppp money, this Paycheck Protection Program money for Small Business and minority communities, how are you doing it . Have and tell us what you are seeing out there. Well a few things, in you know some of the data we are hearing is actually unfortunately looking to come to bear you are probably you know 40 or so of the African American businesses that are no longer transacting as businesses failed the dynamic i have been focused on working with Administration Secretary mnuchin, in particular as well as both sides of the aisle with you know secretary sorry with senator schumer and scott and Warner Peters others to ensure ppp program and minimum started to get some businesses. We see have seen defined that first of all a he larger banks not banking communities, 70 African American communities actually dont have a branch bank so we with turn to what are called pdfis community depository Development Institutions and minority depository institutions about enabled them using technology to be more efficient in profits in the ppp loans made a huge difference now we just since we have carved out 10 billion dollars, to help in those communities rural communities, just want to ensure we raise awareness so that people know they are there is time capital available, for ppp program to help businesses survive. Maria youve also looked at the companies in your portfolio to customers communities operate utilizing Technology Tell me about your own portfolio the companies that you own can actual make a difference. Sure we have done that made a call to action literally the beginning of the covid crisis to many responded about spectacular ways our company, has actually gone out enabled now hundreds almost 500 of these pdfis mbis no charge taking the fees from the transaction donating to to aed banks we have companies, involved in Building Systems to unable small, medium businesses about 1. 4 million businesses customers to Access Program in addition to some of our businesses that have been helping with the distribution of personnel and People Associated with covering covid crisis frankly all over the world we have introduced new product with one of our companies, really focused on ensuring give back to get back to work workforce Safety Compliance can be done automatically in a way that is effective, so that we can decrease the number of infections in the workforce. Many. Maria very i love what you are doing with the are minority businesses i mean you in 2017 were named by Forbes Magazine one of the 100 greatest living business minds congratulations for that how do you get more minority owned businesses in the spotlight rising lots rising it is horrific when you think about number of black ceos Public Companies out there, robert i think four out of s p 500 it is four. Which is i think deplorable one of the things we can do is actually you know i have been working with business robberied table on this as well we have four areas focused on really as relates, to, you know Economic Justice, in one of the Economic Justice areas frankly is how do we drive capital into communities, the realization, that in working with the administration and working with the pdfi mbis we need to modernize capillary banking infrastructure we can do that come up with plans capacity do do that we need to drive capital so we can actually you know bring capital to small to medium businesses about 90 of African American businesses are you know are four or less people live bloody of the community by losing 40 in pandemic is just horrible. So what we now have to do, is drive capital we have to drive, systems infrastructure modernization, training and so i think we got comprehensive plans, across various institutions one of which i know we are working on with the Business Roundtable to actually figure out ways for to corporations to actually be helpful, and corporations, of course, have to do their part everything from not only adopting some small banks but also increasing number of he personnel in the organizations, through mentororships internships hiring practices we can actually change the economic social imbalance that existed for decades. Have it is about promoteing diversity getting a mixture of ideas from people of all walks of life. And we really need to see that because that is is what america is, by the way we are a melting pot i like your letter to staff you spoke about deed of George Floyd National to feel he helplessness in light of events we are seeing in the news you want to embrace the words of dr. King when he spoke at sermon in montgomery, alabama 1957 said we must discover redemonstratetive power of love when we discover that will be able to make of this old world a new world what about this executive order the president signed the efforts that you are seeing in washington here . In terms of Police Reform the Business Roundtable ceos are urging you bipartisan action on policing legislation committed to examining how korps can advance racially equity do you like what you are hearing you are a member of the roundtable. It is a great start, you know like all things wleef to continue to act on it i think now time for our o legislators, to take this as a springboard to move forward i think weve got a number of issues weve got to sell offradicateing the racially disparities the way policing dispense this had this country, i am confident because i am hearing on both sides, on house there is a sense of urgency in the house sense of urgency are in the is that the we need to come up with bipartisan legislation, what is interesting is all that i am hearing about call it 80 58 is over lapping also quite encouraged by fact Business Roundtable we have a committee that has been formed and called equitable Justice Committee levying in what can we do as Business Owners besides conversation with congress to actually help manage this address the state of rays inrace inequality in the America First time seen set of aallies focused on eliminating systemic racism that existed in this country dedicated and generations. I glad to see are hear you say you see this as marking point the country marking end of slavery friday, june more countries recognizing the day giving employees day off if you like it robert reaction to that . I think it is a good idea i think though i think beyond the day off i think a time for us to do two things one to educate, ourselves each other in massive forces to jaed on plight of African Americans in this country when we are what we have been doing hard to chief describe think about that second thing i think should tame take time to comri exhaustion to communities suffering many folks out there peacefully demonstrating, frankly, that the right to be treated, as equals in this country i think some of their families i know mine in particular are has always suffering from racism in the past i have think important america shows that empathy, compassion as dr. King said i will bet on love every time i think a good time for us to also think about how do we love each other as americans. Maria i love that that is good way to end our interview robert the great to have you this morning we appreciate your time thank you so much, sir we will see you soon. Is it all the best keep well. Robert s. And to you, and to you coming up steering clear of a traffic jam Many Americans avoiding public trappings as coronavirus lockdowns, a massive traffic headache weve got the details when we come back. Maria welcome back. Get ready for traffic jams coronavirus lockdowns lifting many workers relied on Public Transportation will be driving to work with Kristina Partsinevelos live in manhattan this morning with details. Maria for some traffic may be a memory as you are working from home but a lot of commuters could change the way they commute as employers allow people to phase back into work that means your traffic problems could get a lot worse. Listen in. So were beginning to see parts of the country, 80 90 of normal traffic volumes some urban areas this a lot of transit we could begin, perhaps by labor day did not sooner seeing traffic volumes greater than one hundred percent. Across the country Public Transit seeing anyone in there hearing said ridership on subways down whooping 80 compared to last year this time new york city mta talking of realtime air Filtration Systems in the subway system google stepping up google maps introducing features that allow you to know how busy during rush hour subwayor trains says this is essentially critical for both potential workers and everyone else to get back to work safely you are also getting notifications if subway line is closed do a to Covid Response or forced or mandatory to wear a about mask if you are wondering who gets bragging rights where could it get worse a commuters drive as opposed to Public Transit the this shows you, boston one way or another he have congested. S city loss u. S. City lost 149 hours to traffic last year followed by chicago, philadelphia very close behind but as you know with more cars that could come more congestion more noise more pollution more accidents could have fuel for a lot of desire to get out of cities why local governments have to come up with new strategies to fight congestion and hopeful avoid any talking about coronavirus carmageddon, back to you. Thank you Kristina Partsinevelos in the new york city coming up threat from china commerce secretary wilbur ross telling me earlier huawei spying threat is real bracing for new pressure we are breaking it all down stay with us. For times like these. Powered by the nations largest gigspeed network. To help give you the speed reliability, and security you need. Tools to manage your business from any device, anywhere. And a team of experts here for you 24 7. Weve always believed in the power of working together. Thats why, when every connection counts. You can count on us. Maria welcome back holing china accountable concerns from wall street over pending legislation would crackdown o alibaba, baidu on u. S. Exchanges lawmakers say crackdown would protect investors from fraud due to the Company Failure to submit to u. S. Audits, some Asset Managers he expressing concern over potential effects on emerging markets, we want to point out, that these Chinese Companies generate a lot of money, for major exchanges alli mccartney when i asked President Trump about it he first said well you know they are may go to london and hong kong but the fact is they dont have liquidity in london and hong kong deepest most pen traitive market in the world are here in the United States what is your reaction to senator kennedys legislation says look companies have to follow the rules accounting rules or be delisted be delisted we worked being very hard across multiple institutions banking to make sure that we are protecting the underlying investors i think as said during this financial crisis what we are finding now, is that zero Interest Rates may investors speculators every day people in day traders, and those day traders those individuals who are now buying fractional shares of companies, need to be protected so they engage longterm in the Capital Market with that said china is largest Growth Engine in the world. U. S. Issue a close second. And so we really need to find a way to collaborate across countries across exchanges across technologies but, you know in a whole host of things we are going to see a more local less global world and this may for a term be one of those issues. One of the issues brought to my attention senator kennedys legislation while about passed his committee is giving these companies three years to comply. Governor huckabee what about that if you are alibaba do not follow u. S. Accounting rules youve got three years to decide if you are going to actually follow them that is a long time to be listed gaining capital listed on exchanges in order to just follow the rules. I think that is incredibly about charitable to give three years frankly i want some u. S. Companies to love their own country as much as they love china, look i get it there is a lot of money to be made but if money to be made chain is making some of it if in chinas best interest to play by rules they will if it isnt they are not willing to play by rules to heck with them i know that would cause some upheaval in the market we need that kind of upheaval so everybody plays by the same rules, ands lives under the law. If you dont why even have laws . Why ask u. S. Companies, to live under very strike resiliency you dont ask other companies and their companies to live by. True good point a lot of reaction to this story, lets take a break then final thoughts from allstar panel. Stay with us. Back in a minute. You can feel the love you can feel where will you go first . Wherever you may go, lexus will welcome you back with exceptional offers on exceptional vehicles. Get zero percent fin ancing and make no payments for up to 90 days on all 2020 lexus models. Experience amazing at your lexus dealer. Maria welcome back. Lets get final thoughts from this allstar panel. Mike huckabee kicking it off with you ahead of fathers day. Wishing you a very happy fathers day. Thank you very much maria. I think the big story of the day is actually the big tech story of the day. What will these Tech Companies do and how are they going to protect individual freedom. Right now theyre not. Theyve got to. I hope they will soon. Maria good point. Allie . We are reopening. I like what our first guest said this morning. Its a first step. Level of volatility and risk in the market very high. Be vigilant think longterm, midcap health care, cyclicals. Maria i like longterm for sure. Dagen . Nbc news teamed up with google a monopoly to deplatform, demonetize and ultimately shut down two news organizations, conservative. Its unethical, likely illegal and its election interference. Maria there you go. Bottom line. That does it for us. Varney Company Begins right now. Stu, take it away. Stuart youre dead right. Good morning, maria. Good morning, everyone. Actually real estate starts our show today. We will get to the market in a moment but the developments in housing are very promising. Looks like a sharp rebound for some people property might make a good alternate investment to stocks. Here we go. First thing this morning, we heard about a big jump in mortgage and refinancing applications. That includes a sharp increase in the number of people looking for a mortgage on a firsttime home purchase. Also first thing this morning, a significant rise in