Get a jump on the days news with Christine Romans and Dave Briggs. Close associate to Paul Manafort for 12 years, but now hes flipped, he pleaded guilty, and hes telling all he knows to prosecutors. So, it will be interesting when he is back on the stand for more Cross Examination this morning. Christine and phil . Jessica, thank you for that. Legal woes multiplying for michael cohen. The Wall Street Journal reporting President Trumps former lawyer and fixer is now under investigation for tax fraud. Sources tell the journal the federal prosecutor in manhattan is looking into whether cohen underreported income from his taxi medallion business. The Taxi Licenses yielded hundreds of thousands of dollars over the last five years. The Wall Street Journal also reporting federal investigators are looking into possible fraud against the bank that financed cohens taxi medallion business. Cohen has not been charged with a crime, and the journal reports he previously denied wrongdoing. Firefighters are struggling to contain the largest wildfire in california history. At this point, the Mendocino Complex Fire has scorched nearly 293,000 acres. 75 homes have been destroyed, and the fire at this point only 34 contained. Now, firefighters are up against a myriad of issues here, but chief amongst them, hot, dry, and windy conditions. Cnns Stephanie Elam has the latest from california. Reporter christina and phil, we are standing in the midst of some of the devastation from the Mendocino Complex Fire, which is actually two fires that started about the same time, burning near each other here. And you can see how hot this fire got. The devastation here, even in this rural community, you can see that it has really ravaged some of the properties that are here. And just to give you an idea of how bad the fire season has been, if you go down just blocks from where we are, theres another building thats burned down. You might think its from this fire. Its actually from a different one. All in all, there are some 17 fires that are burning in the state. And just to give you an idea of how bad this fire season has been with this one being the largest fire in state history at this point, some 550,000 acres of land that had been burned in the last three weeks because of always. Last night, President Trump hosted an informal dinner for some of the countrys top Business Leaders at his bedminster golf club. The president and first lady welcoming more than two dozen ceos and their spouses, including the heads of pepsi, fiat chrysler, fedex and boeing. Welcome. Its great to have you here. And were looking for a great discussion tonight and i just want to thank the president for doing an incredible job and for all of your help. The policies of the other administration would have been more regulation and much higher taxes. And what youre witnessing now could never have happened. And growth has taken us out of a lot of problems that have been caused, and youre going to see super growth soon when its all said, when its working like a finetuned machine. Youre going to see some real growth. That exclusive guest list included the heads of Smaller Companies who have been extremely loyal Trump Supporters. The u. S. Unveiling tariffs on another 16 billion in chinese goods, bringing the total value to 50 billion. The Trump Administration released its list of 279 products yesterday, targeting things like chemicals, motorcycles, and antennas. The 25 tariff will take effect august 23rd. Chinese state media slammed the move overnight, warning that Wantingly Raising Tariffs will only hurt the u. S. Beijing already said it would strike back in equal measure, just like last month when the u. S. Imposted tariffs on chinese goods worth 34 billion. Wall street shrugged off the first round, but u. S. Business warned they will raise prices for consumers, especially as the trade spat escalates. The white house is threatening an additional 200 billion in tariffs on chinese goods. China plans to hit back with its own tariffs worth 60 billion. The Trump Administration says the tariffs are punishment for chinas unfair trade practices, like stealing u. S. Technology, stealing u. S. Trade secrets. Beijing denies those allegations. The street reaction to this has been fascinating, or lack of reaction. The supergrowth that the president talked about, thats really earnings have been so good because of some of these trump policies, like cutting taxes. I mean, thats really been the most important here. So, at this point, they feel like the trade war is contained, and there are some who say if you didnt have this trade spat, youd see stocks even better. Yeah. Worth watching. Obviously not stopping any time soon. All right, Iowa College Student Mollie Tibbetts now missing for three weeks. Coming up, why her father believes shes still alive. And why Secretary Of State mike pompeo may be headed back to pyongyang. A live report after this. My name is jeff sheldon, and im the founder of ugmonk. Before shipstation it was crazy. Its great when you see a hundred orders come in, a hundred orders come in, but then you realize ive got a hundred orders i have to ship out. Shipstation streamlined that wh the order data, the weights of , everything is seamlessly put into shipstation, so when we print the shipping ll everythings pretty much done. Its so much easier so now, were ready, bring on t. Shipstation. The number one ch of online sellers. Go to shipstation. Com tv and get two months free. Know about cognitive performance . As youd probably guess, a lot. Thats why a new brain Health Supplement called forebrain from the harvardeducated experts at force factor is flying off the shelves at gnc. Forebrains key ingredients have been clinically shown to help enhance sharpness and clarity, improve memory, and promote learning ability. And now every man and woman in america can claim a complimentary bottle. Just use your smartphone to text the keyword on the screen to 202020. Scientific research on cognigrape, a sicilian red wine extract in forebrains memorysafe blend, suggests not only sharper recall, but also improved executive function and faster information processing. Your opportunity to get into harvard may be gone, but its not too late to experience a brain boost formulated by some of their brightest minds. Just text the keyword on the screen to 202020 with your smartphone to claim your complimentary bottle of forebrain. Do it now before you forget. Thats the keyword on the screen to 202020. And a the lot of folks saying, what have the north koreans done . What have they exhibited in terms of denuclearization to earn a second very highprofile meeting . Reporter well, this from the north korean perspective not launching anything since last november, blowing up their nuclear test site, although some experts question what really happened there, possibly dismantling their Satellite Launch Station and they returned 55 sets of u. S. Service member remains. So from their perspective, they feel theyve done quite a bit, but what they havent done according to the Global Community is steps towards denuclearization and they say theyve done enough, they want the u. S. To do something now. They want gradual sanctions relief right away, not at the end of the process, which the u. S. Has said theyll do only once the nukes are out. Thats not acceptable to the north koreans. And they also want a peace treaty formally ending the korean war. Weve been saying for a couple beaks. North koreas Foreign Minister reiterated that over the weekend and blasted the state department, saying that the u. S. State departments Stance Post Summit is not helpful, is not helping them build confidence and could derail the denuclearization talks, but he also praised President Trump, saying President Trump has a vision, the north koreans believe in that vision, and my source telling me the north koreans want to sit down facetoface with trump. So, now you have john bolton saying that a meeting could happen, maybe at the United Nations General Assembly next month. We just dont know. They probably havent set a date or time yet, according to the Trump Administration. But it does seem the north koreans feel theyre going to get a more favorable deal if theyre facetoface with trump, than anyone else, including Secretary Of State pompeo. Will ripley, thank you. Investigators are trying to identify the remains of a boy found during the search of a new mexico compound where 11 children were discovered living in filthy, decrepit conditions. Investigators say they recovered the remains of an unidentified child inside the compound on monday. Now, authorities raided the compound last week in what initially started as an investigation into a mans alleged abduction of his son last year. County sheriffs Officials Say the children ranging in age from 1 to 15 were turned over to state Child Welfare workers. The children found living in squalled conditions with no Running Water or electricity. Police say they looked emaciated. Five adults have been arrested. The reward for a missing Iowa College Student now over 300,000. Mollie tibbetts father says he believes his daughter is still alive. I think the longer this goes on, the absence of finding her, that she could be someplace where we can still get her back. Rob tibbetts says he believes his daughter may have gone willingly with someone she knew. His daughter was last seen taking a jog three weeks ago. Wayne chaney, who lives near the search area, has been questioned by the fbi. He told the Des Moines Register he has refused to take a polygraph, saying i have nothing to hide. He has not been charged in connection with this case. Mollies father, rob, will join us on cnns new day at 7 30 a. M. Eastern time. Definitely tune in for that. I think the rewards 300,000 right now . The city of chicago vowing to put hundreds of Additional Police officers on the streets, the move coming after 66 people were shot over the weekend. Of those, 12 people died. Chicagos police chief says 430 officers are being put on street duty while 200 more will be on patrol over the weekend. Some officers will have their hours extended or vacations canceled. Officials say others are also being reassigned from other duties. A fighter jet launches a missile by mistake. Thats a real bad day. Oops. For that pilot. That story just ahead. Plus, a brandnew Chinese Rocket with a need for speed. When i received the diagnoses, i knew at that exact moment. Im beating this. My main focus was to find a team of doctors. Its not just picking a surgeon, its picking the care team and feeling secure in where you are. Visit cancercenter. Com breast an airtoair missile accidentally launched over eston estonia. A search is under way to find the missile, which is believed to have landed perhaps 25 miles north of tartu. The spanish fighter jet accidentally fired it during a policing mission. The Foreign Minister called the incident extremely regrettable and also called the Nato Air Mission over the Baltic Country necessary to estonias national security. China says it successfully tested its first hypersonic aircraft. Its a Big First Step forward in Aerospace Technology that could intensify pressure on the u. S. Military. The waverider uses shock waves in the air generated by its own flight to soar faster than five times the speed of sound. Experts say it can carry nuclear warheads and that its speed and unpredictable trajectory made it nearly impossible for any antimissile Defense Systems to interse intersect. The story of the winning bidder. With that, i have done what i said i would never do, and that is sing on live television. But more importantly, we now know hdtv is the new owner of The Brady Bunch house. The Chief Executive of the parent company, discovery, said the house in North Hollywood will be restored to its 1970s glory. Architectural genius in that era, i think. The house was listed at a Starting Price of 1. 9 million. Former n sync band member lance bass expressed his disappointment on social media at losing out on the house but it seems all is forgiven with Bass Tweeting in part kudos, hgtv. I know you will do the right thing with the house. That is always my biggest worry. I can smile again. Gosh, that house iconic. How much, 1. 9 million . Thats not terrible, right . Well, in california. Hey, i could ooi couldnt you could buy ten houses in my hometown for that. Next, all eyes on ohio with a special election race thats still too close to call. And high drama in the courtroom as the star witness against Paul Manafort is confronted about an extramarital affair. Witness, Painting Rick Gates as a cheater and a thief who cant be trusted. Firefighters gain some ground on the largest wildfire in california history, but the battle far from over. Tesla boss elon musk stuns wall street with a public declaration of his private ambitions. Welcome back to early start. Im phil mattingly. Im christine romans. It is 31 minutes past the hour. Nice to have you here. Phil, lets begin with the elections last night. If ohios 12th District is any indication, a blue wave may be coming in november. In a special election many considered a bellwether for the midterms, the race between Republican Troy Balderson and Democrat Danny Oconnor is too close to call this morning. Now, its an encouraging outcome for democrats in a deep red district, no matter how this plays out. There are still more than 8,000 outstanding provisional and Absentee Ballots that could take days to count. Balderson currently leads oconnor by less than one percentage point, less than 2,000 votes. The candidates, both candidates spoke last night, oconnor refusing to concede, balderson quick to claim victory. Id like to thank President Trump. [ cheers and applause ] america is on the right path, and were going to keep it going that way. Over the next three months, im going to do everything i can to keep America Great again. As we see division and discord tearing apart our country, we must remember that each and every one of us are gods children and that all of us need to be treated with dignity and respect, and i think we could use a lot more of that spirit in washington these days. President trump taking time out from his Working Vacation to declare balderson the winner and take credit for it, even though the outcome is still not official here. The President Tweeting, when i decided to go to ohio for troy balderson, he was down in early voting, 64 36 . That was not good. After my speech saturday nights, there was a big turn for the better. Now troy wins a big victory in a tough time of the year for voting. He will win big in november. Thats not how early voting works. Several other primaries to tell you about, including another race too close to call in johnson county, kansas. Secretary of state kris kobach, a hardliner on immigration who received President Trumps endorsement, Locked Intight race with governor jeff colyer. The official result could be announced later today, johnson county. And in missouri, josh hawley is predicted to be winner for the republican primary for senate. Theyre hoping he will take the seat in november. And it is predicted that State Attorney General in michigan Bill Schuette will be the candidate in november, another trump endorsement. Gretchen whitmer will be the democratic candidate. And john james, another trumpendorsed candidate, is predicted to capture the u. S. Nomination for senate in michigan. James is an africanamerican iraq war vet endorsed by the president. He will face democrat Debbie Stabenow in november. Former trump campaign chairman Paul Manaforts longtime righthand man back on the witness stand today. Manaforts Defense Lawyers expected to pick up where they left off yesterday, trying to undermine rick gates credibility in the eyes of this jury. Gates admitted to a host of transgressions, but so far, manaforts defense team has not done much to pin the bank and tax fraud their client is charged with on gates alone. That part of their Cross Examination may come today. More now from cnns Jessica Schneider. Reporter christine and phil, Paul Manaforts lawyers went on the attack against rick gates on tuesday. They hammered him with questions that even led gates to admit on the stand that he had an extramarital affair a decade ago. But when attorneys accused him of using Paul Manaforts money to fund his socalled secret life, gates pushed back, saying the money came from bonuses. Of course, the defense team is doing all they can to attack the integrity of Paul Manaforts former righthand man. Gates said he had made some mistakes, but he insisted to the jury that he is now telling the truth. And the defense team really wants to establish that rick gates was the one who developed that financial scheme to hide money from the u. S. Government, not Paul Manafort. Paul manaforts lawyer even asked the direct question of gates, did you develop a scheme . And then gates responded, no, i just added some numbers to some reports. But really, prosecutors have gone to Great Lengths to show that it was, in fact, manafort in charge. At the end of gates disrespect examination, prosecutors were painstaking to show the process where manafort asked gates on occasion how to add information to a pdf document. And when gates said that when he got the document back, manafort had actually changed some of the numbers, falsifying some of their financial reports. Of course, rick gates was a close associate to Paul Manafort for 12 years, but now hes flipped. He pleaded guilty, and hes telling all he knows to prosecutors. So, it will be interesting when he is back on the stand for more Cross Examination this morning. Christine and phil . Thats right, another big day today. Thanks, Jessica Schneider in alexandria. Along those lines, legal woes multiplying for michael cohen. The Wall Street Journal reporting President Trumps former lawyer and fixer is now under investigation for tax fraud. Sources tell the journal the federal prosecutor in man hahat is looking into whether he underreported income from his taxi medallion business. The licenses yielded hundreds of thousands of dollars over the last five years. The Wall Street Journal also reporting federal investigators are looking into possible fraud against the bank that financed cohens taxi medallion business. Cohen has not been charged with a crime and the journal reports he previously denied any wrongdoing. Firefighters struggling to contain the largest wildfire in california history. At this point, the Mendocino Complex Fire has scorched nearly 293,000 acres. 75 homes have been destroyed. The fire only 34 contained. Firefighters are up against hot, dry, windy conditions. Our Stephanie Elam has the latest from mendocino. Reporter christine and phil, we are standing in the midst of some of the devastation from the Mendocino Complex Fire, which is actually two fires that started about the same time, burning near each other here. And you can see how hot this fire got. The devastation here, even in this rural community, you can see that it has really ravaged some of the properties that are here. And just to give you an idea of how bad the fire season has been, if you go down just blocks from where we are, theres another building thats burned down. You might think its from this fire. Its actually from a different one. All in all right now, there are some 17 fires burning in the state. And just to give you an idea of how bad this fire season has been with this one being the largest in state history at this point, some 550,000 acres of land that had been burned in the last three weeks because of wildfires. And phil and christine, fire season is far from over here. All right. Stephanie, thank you for that. President trump claiming without evidence californias environmental regulations have worsened the fires raging there. The President Tweeting this california wildfires are being magnified by the bad environmental laws which arent allowing massive amounts of readily available water to be properly utilized. It is being diverted into the pacific ocean. All right, state and federal officials and Wildlife Experts say the claims are simply false. They say there is plenty of water to fight the flames. There is a debate in california on how much should go to cities and to farmland, but Officials Say water is not being deliberated flushed into the ocean. Where the president got that idea, not even the white house can say. While his tweets sometimes correspond to segments on fox news, that doesnt seem to be the case. Never a dull moment. Last night, President Trump hosted an informal dinner for some of the countrys top Business Leaders at his bedminster golf club. The president and first lady welcoming more than two dozen ceos and their spouses, including the heads of pepsi, fiat chrysler, fedex, and boeing. Welcome to bedminster. Its great to have you here. And were looking for a great discussion tonight. And i just want to thank the president for doing an incredible job and for all of your help. The policies of the other administration would have been more regulation and much higher taxes. And what youre witnessing now could never have happened. And growth has taken us out of a lot of problems that have been caused. And youre going to see supergrowth very soon, when its all said, when its like a finetuned machine. Youre going to see some really super growth. Last nights guest list also included the heads of much Smaller Companies, those who have been loyal Trump Supporters over the last two years. All right, elon musk may remove tesla from the scrutiny of wall street, taking it private in what would be the biggest buyout in history. Musk stunned investors with a casually worded tweet yesterday, writing that he is considering taking tesla private. He already secured funding. Musk did not say where he got the funds, but going private would cost about 71 billion, by far the largest buyout ever. He faces pressure to turn them into a profitable carmaker, but teslas burned through crash while struggling to produce the first massmarket car, the model 3. So musk said this is the best path forward, saying swings in the stock price is a distraction and going private reduces incentives to attack tesla. And also reduces short sellers. Musks tweet sent teslas stock up 9 before trading was halted. It later resumed, de l closing. He is not the typical ceo that very carefully tries to say nothing to investors, you know an underestimate. Remember when they used to halt stocks before the news was actually made . Also, hey, lets make them great again. Iowa College Student Mollie Tibbetts now missing for three weeks. Coming up, why her father believes shes still alive. And why Secretary Of State mike pompeo may be headed back to pyongyang. Ahh. Summer is coming. With the Largest Selection of audiobooks. Audible lets you follow plot twists off the beaten track. Or discover magic when you hit the open road. With the free audible app, your stories go wherever you do. And for just 14. 95 a month you get a credit, good for any audiobook. If you dont like it exchange it any time. No questions asked. You can also roll your credits to the next month if you dont use them. So take audible with you this summer. On the road. On the trail. Or to the beach. Start a 30day trial and your first audiobook is free. Cancel anytime, and your books are yours to keep forever. No matter where you go this summer make it better with audible. Text summer5 to 500500 to start listening today. The white house is offering to send Secretary Of State mike pompeo back to pyongyang for a meeting with kim jongun in response to a letter sent by the north Korean Leader to President Trump. National security adviser john bolton not ruling out a second summit between the two men, but first, he wants to see less rhetoric and more action when it comes to denuclearization from the kim regime. Lets go live to hong kong and bring in cnns will ripley. Will, theres a lot of backandforth meetings, who might be in the meetings, what north koreas actually doing. Whats your sense of where things stand . Reporter i think the bottom line, if you listen to what the north koreans are saying, listen to what the Trump Administration is saying, keeping things open to another meeting between kim jongun and President Trump, something my source told me earlier this week the north koreans want as well, and they think theres a strong possibility there will be a second trump kim summit this year. The reason for this is that the north koreans feel that they can carve out the best deal directly with President Trump. I mean, north koreas foreign minister over the weekend blasted the State Department, said that the unilateral demands to give up nukes, no sanctions relief until all the nukes are out of the country, thats a nonstarter for the north koreans. They said this is old thinking, this isnt going to build confidence. Now, critics would say that north korea hasnt taken any meaningful steps yet towards denuclearization, so why should they be awarded with a second summit . But the north koreans, while criticizing the State Department and what they call internal strife in domestic politics in the u. S. , they continue to praise President Trump and say his vision set forth with their leader, kim jongun, is forward thinking and this other type of stuff that u. S. Secretary of state mike pompeo brought when Visiting Pyongyang was the old mindset in the united states. So, theyre banking on another sitdown with kim and trump, thinking that kim can get some sort of a deal, a more substantive deal out of trump thats going to be favorable for the north koreans, and theyre wanting it to happen potentially before the midterm elections, because they know that President Trump would like to point to north korea as a win. If the deal were to fall apart between now and then, it could potentially hurt President Trump politically. The north koreans know that. So then you think about, okay, so, where, when might this meeting happen . There is the United Nations General Assembly next month in new york. A lot of World Leaders fly in for that. Could kim jongun be one of them . And could he meet with President Trump somewhere, maybe trump tower . Unthinkable a couple years ago, but this is 2018, phil. You just never know. About as good as you can put it. Singapore felt like a sprint. Last couple weeks makes it feel like this is a marathon. Either way, will ripley will be participating in both. Will in hong kong, thank you very much. Make sure your laces are tied, will. Vice president mike pence heads to the pentagon on thursday to discuss the future of the u. S. Military in space. President trump has been calling for the development of a space force. Pences arrival is expected to coincide with the release of a pentagon report to congress that contains recommendations for space components. It is not expected to call for the establishment of a separate Space Force Military branch. That would require action by congress. Investigators are trying to identify the remains of a boy found during a search of a new mexico compound where 11 children were found living in filthy conditions. Those children ranging in age from 1 to 15 were turned over to state Child Welfare workers. Cnns Scott Mcclain has the latest from new mexico. Reporter christine, phil, last week, police raided this property in a remote part of Northern New Mexico and they found 11 children living in these conditions, in absolute squalor inside of a filthy trailer thats buried on the other side of this tarp. Theres no power here, no water here. And when sheriffs deputies arrived, there was also very little food. Those children were malnouri malnourished. It was a sad scene, for sure. But it wasnt until monday when police discovered the true horror. They found the body of a small child. That body has yet to be identified, but one of the five adults here that Police Arrested and charged was already wanted on a warrant in georgia after disappearing with his then 3yearold son, abdul ghani wahaj late last year. That boy has serious medical issues. His mother said he couldnt walk, has seizures, and needed constant medical attention. The actual owners of this property say that they saw that boy earlier this year. And this spring, they realized that the father was wanted in georgia after searching his name online. They said they called police as soon as they realized the connection, but it was months before Law Enforcement actually showed up just a few days ago. I cant sleep. I cant its awful what if hes still there . What if he was there at some point and the cops could have went in and, you know, maybe they would have found him. Reporter now, the local sheriff here says his hands were tied. Even though the rightful property owners, jason and tanya badger, gave him permission to search here, he said that the law simply did not allow it. That is not sitting well with the badgers, though. Tanya actually showed up here after the news broke that that body had been found to lay down flowers in memory of the boy that she says was failed by bureaucracy. Its not clear when that child died, but the badgers, they are haunted by the idea that he might have been saved. Christine, phil . All right. Thank you for that. The reward for a missing Iowa College Student is now over 300,000. Mollie tibbetts father says he believes his daughter is still alive. I think the longer this goes on, in the absence of finding her, that she could be someplace where we can still get her back. Rob tibbetts says he believes his daughter may have gone willingly with someone she knew. His daughter was last seen jogging three weeks ago. Wayne cheney, who lives near the search area, has been questioned by the fbi. He told the Des Moines Register he has refused to take a polygraph, saying, i have nothing to hide. He has not been charged in connection with the case. Mollies father, rob, will join us on cnns new day at 7 30 a. M. Eastern time. All right, the city of chicago is now vowing to put hundreds of Additional Police officers on the streets. That move coming after 66 people were shot over the weekend. 12 people died. Chicagos police chief says 430 officers are being put on street duty while 200 more will be on patrol over the weekend. Some officers will have their hours extended or their vacations canceled. Officials say others are also being reassigned from other duties. All right, disney is taking on streaming Services Like netflix. Ceo bob iger laying out the highstakes plan. Cnn money next. When i received the diagnoses, i knew at that exact moment. Im beating this. My main focus was to find a team of doctors. Its not just picking a surgeon, its picking the care team and feeling secure in where you are. Visit cancercenter. Com breast experience a brain boost formulated by some of their brightest minds. Just text the keyword on the screen to 202020 with your smartphone to claim your complimentary bottle of forebrain. Do it now before you forget. Thats the keyword on the screen to 202020. They have businesses to run. They have passions to pursue. How to they avoid trips to the post office . Stamps. Com mail letters. Ship packages. All the Amazing Services of the post office, right on your computer. Get a 4 week trial plus 100 in extras including postage and a digital scale go to stamps. Com now and never go to the post office again. Warheads and that its speed and unpredictable trajectory make it nearly impossible for any antimissile Defense Systems to intercept it. You guys are going to try to make me do it again, arent you . Please. I sing once an hour. Thats in my contract officially. If it isnt, im putting it in there. All right, heres the story of the winning bidder. Imagine that with music. We now know hgtv is the new owner of The Brady Bunch house. The Chief Executive of the companys parent company, discovery, said the house in North Hollywood will be restored to all its 1970s glory. The house was listed at a Starting Price of almost 1. 9 million. Former n sync band member lance bass took to social media this week to express his disappointment at losing out on the house, but it seems all is now forgiven, with Bass Tweeting, in part, kudos, hgtv. I know you will do the right thing with the house. That was always my biggest worry. I can smile again. 1. 9 mill in los angeles. 1. 9 mill in ohio, where im from, would buy you like 12 to 15 houses. I know all right, lets get a check on cnn money. Global stocks taking off on trade fears, mostly higher overnight thanks to earnings. On wall street, the s p 500 closed just shy of a record high. It is less than 0. 5 away from its january recordhigh close. Secondquarter earnings are strong. Profit growth the biggest in years. But the season is not over yet. Today youll hear from 21st Century Fox and cvs. Tesla the big stock story yesterday. The stock jumped 11 after ceo elon musk says he may take tesla private. More on that later. Disneys gearing up to take on streaming services. For years, disney faced tough competition from Companies Like netflix. Yesterday, ceo bob iger laid out disneys highstakes plan to fight back. First, disney will rely on its own streaming platforms, including hulu and the recently launched espn plus. It also plans to debut a familyfriendly service next year featuring content from pixar, marvel, disney, and star wars. Second, it will use new content from fox on those platforms. Disney plans to buy Foxs Entertainment Assets for 71 billion, including its movie studio and tv channels. Snapchat lost users for the First Time Ever but made nearly twice as much money as last year. Snaps revenue soared 44 , but it lost 3 million daily users. Snap blamed a rocky redesign of its app, but its not the only social Media Company to see a slowdown. Shares of facebook and twitter both fell after reporting slowing user growth. Facebook lost more than 100 billion in value in one day, a record for a u. S. Company. Remember facebook said it was going to put privacy first, and that would mean it would have to spend big. Im sorry i didnt sing. I feel bad now. Well put it on twitter anyway. Early start continues right now. Id like to thank President Trump. [ cheers and applause ]