09 . Actually we saw reversal. Lauren mixed bag right now. Cheryl merger derail facing antitrust concerns. Walgreen going to buy half of riteaid stores. Lauren guess what . Its highered a diversity team. Cheryl 5 01 a. M. In new york. Friday june 30th, last trading day of the month of june. Good morning, everyone. Im cheryl casone. Lauren im lauren simonetti, welcome to fbn am, first look at morning markets, breaking news and what to expect for the day ahead. Cheryl breaking news this morning, a scaledown version of President Trumps travel ban taking effect last night with no chaos to report. Lauren quite a different story from january. Tracee carrasco with the details. Hey, tracee. Tracee highlydebated travel order went into effect last night at 8 00 p. M. Eastern. No reports of protesting and chaos that we saw with the original version of the president s executive order back in january. The new rules tighten visa policies affecting citizens from six majority muslim nations, sudan, syria, iran, somalia and yemen. People from those countries who need new visas will have to prove a close family relationship or existing relationship with an entity like a school or business within the United States. The state Department Said the family relationship valid for entry would include, parent, spouse, soninlaw, sibling already in the United States. Late thursday the administration reversed course and included people engaged to be married in the list with close family ties who are exempt from the ban. However, the order does not include other relationships such as grand parents, grandchildren and aunt and uncles, journalists, student workers who have valued invitations or Employment Contracts in the u. S. Would be exempt from the ban as well as anyone with previously established significant contacts here. The new rules came under immediate legal challenge, challengers in one of the two principal legal cases cases from hawaii made Emergency Court filings on thursday asking federal judge to clarify what the Trump Administration can and cant do with its partial ban, however, legal experts say this version of the travel order is cig nick antly scaled down. The Supreme Court really did only lift the ban and extremely limited way and so we thought lifted only for people who do not have a bonafide relationship with an individual or entity in the United States. A small class of people that the ban could not ply apply to. Tracee the rules could change once again. Lauren still much better situation than what we saw in january, tracee. Tracee absolutely we saw chaos, protests, a lot of the confusion came from people who were barred from flights coming into the United States who had previously approved visas. Thats where things got tricky. This time seemed more the plans were layed out a little better. Cheryl the agencies were prepared. Tracee, thank you very much, appreciate it. Lauren Senate Republicans racing to reach a deal on a bill to replace obamacare. They are considering 8. 8 tax on Investment Income, something many republicans oppose. What we have right now is a bill that needs to be fixed. I think they won, most of us believed it was a starting point. Part of it with the tax reduction that is were being proposed, eliminations of a lot of the taxes, some of them will stay in. I think theres one that may not and that will be the tax on investment returns for families that make over 250,000 a year. Thats about 172 billion over a 10year period of time which when taken or put back into the system would allow us to make improvements in some of the coverages moving forward for those that need it most. Lauren health and Human Services tom price is optimistic. I think the senate will get something passed and the reason is the situation in the real world continues to deteriorate. The challenge is we have to make sure that we improve market and patients and families and doctors to be making medical decisions and not washington, d. C. Theres ways to do it and the senate is working on it and i think theyll get it done. Lauren moderate senators are critical of proposed cuts and and opioid treatment as well as protecting those with preexisting condition. Cheryl Trump Administration punishing a chinese bank for helping north Korea Nuclear webs program. We have more for you from blake berman. The Treasury Department sanking a chinese bank which says acts as a gateway to north korea. Trump administration has been trying to get china to exert influence over rogue country n. A tweet last week the president suggested that chinas efforts have not worked, at least china tried. This is in no way trying to target china. President trump and president xi have had conversations and we appreciate their work and hope that thigh will continue to work with that. Not with standing that, we are taking action no showing the seriousness in which we are doing to deal with this. Blake later today President Trump and president moon will have meetings as well. The issue of north korea will be major part of their discussion. Thank you in new york. Cheryl blake, thank you very much. Fox business will have live exampling when President Trump and south korean president moon jaein. Lauren mika brzenzrinski and Joe Scarborough delaying their vacation to responding to president eat tweet. Listen. I dont think so. I think that the president has been attacked on personal accounts and hes been very clear that when he gets attacked hes going hit back and the American People elected somebody who is tough and a fighter and thats donald trump and i dont think its a surprise to anybody that he fights fire with fire. Lauren according to new fox news poll conducted before the latest tweet, 71 say the president s tweets are hurting his agenda, 17 say trumps tweets are helpful and if you looked at coverage of nbc and abc, they spent nine minutes on average talking about this situation. Cheryl the new fox poll is very telling about the president s use of twitter, i think. Well, the worries about the trump agenda, of course, and the future of it continue, one factor in that is the Big Stock Market selloff that we actually saw yesterday. Now, it is dragging down asian stocks, i want to correct that from earlier, i want to check those, here you go, these are the correct numbers i want to show you. The nikkei did lose 1 after big selloff which normally see a lot o. The change high composite bucking the trend and kospi in korea also lower as well. I wanted to get that to you. I want to bring in david nelson, chief strategists at bell point, certainly theres 2006 a lot oh talk about the markets. A lot of republicans including ted cruz of texas said, wait a minute, thats not what we promised our constituents and this is bad for the economics of the country, correct . Look, its an onerous tax, understand, this is washington and washington compromises so im not surprised that senators, million that is would save over decade and earmark that for the low end and this is an Investment Income tax and a lot of that resides in the top 1 of the nation. So going into an election year, i think a lot of senators think, this is what they have to do. Youre right, senator ted cruz and others are going to look at this and point to it as another example of obamacarelike and they are going push hard. Lauren long Holiday Weekend for traders, the holiday being tuesday, what was behind the selloff yesterday, was it tech stocks are really pretty expensive and Central Banks around the world suggesting they will tul back on stimulus. Certainly comments earlier in the week caused the selloff around the world. You saw Interest Rates go off dramatically in germany and brought Interest Rates here and makes more competitive. But i think the biggest story about tech has been really unwinded of, you know, just a parabolic move. Growth versus value. The gap was almost in double digits and you starting to see that contract n. Tend, valuation matters. I think for a lot of hedge funds and Portfolio Managers and they are rebalancing right now and taking profits in some of the names that have come so far. Cheryl we may see that again in todays trading as it is the last trading day of the first half of the year. I want to look at overall the trend here because since inauguration day, i know that we have seen pressure on the nasdaq, more than 10 , dow s p, strong performances, does that factor in when youve got stocks at alltime highs, bit of disarray in washington, does that factor in your opinion that potentially over the next second half of the year that we are going to see flat lines when it comes to the market . Well, i think washington is certainly part of that. Look at the movement in some of the stocks yesterday, you saw tech down and you saw financials up. Now while the president and his agenda doesnt really depends on congress to get the agenda through, one area where they can do very well is a rollback of Regulatory Overreach and you saw that play out in financials. Cheryl david, thank you very much, a lot to cover on the last trade of june. Thanks very having me. Lauren senate scrambling to send new Controversial Health care bill to budget office, but what could be in that bill making it so controversial . And iraq declaring major crisis in iran at fidelity, trades are now just 4. 95. We cut the price of trades to give investors even more value. And at 4. 95, you can trade with a clear advantage. Fidelity, where smarter investors will always be. Lauren happy friday. 5 15 a. M. In new york. Lets get you caught up on whats happening now. Iraq and u. S. Officials say Islamic State on the cusp of defeat in mosul and close to being driven out of iraq. Extremist group leader first proclaimed caliphate, a spokesperson for the u. S. Led Coalition Said the fighting should be over now in a matter of days. Well, fox news has learned that former National Security adviser susan rice has agreed to testify before about russian actions during 2016 president ial campaign. Shell also talk about allegations that she unmasked to the names of americans in contact with russian officials. No date has been set. Wall groans and riteaid scrapping Million Dollar merger and instead walgreens says it will buy half of riteaid stores for half, crafted the smaller deal to address regulatory issues but antitrust experts say it does not eliminate competition conference. For investors we have the final day of the week, dow futures up 14, s p up 1, cheryl, nasdaq, up 7 over to you. Cheryl s p, dow, looking good, three months in a row. What maybe not looking good right now is these negotiations that are continues today on a new version of the Senate Republican health care bill. Gop leaders may try now to prereceiver some taxes on wealthy americans that wasnt was enacted by President Trump. Amy, this is interesting politically. You prereceiver taxes on wealthy americans, a lot of conservatives are saying, wait, a minute, we did not agree to this in particular ted cruz of texas, is this a long hope for the . It is. If senator heller goes that route, he will pulido nations from him. Lauren how do you feel about that proposal in the investment tax . You know, im concerned about that. Like i want to point out, only npr conducted a survey and only 12 of americans polled right now support the recent senate bill, the health care bill. So right now its polling less popular than lice, traffic jams and gang of con so not looking so good. Cheryl all right, robin, im not going to disagree with your polling, scientific, you have to admit no matter what the democrats are going to do, Senate Republicans want to get a deal struck today, they want to get to the cbo and get the score . , all of this done, you know, basically over july 4th recess and want to bring this to a vote. Do democrats, have you heard, do they have any strategy at all to push back, to obstruct whats happening under Mitch Mcconnell . No. Im telling you, what we are doing right now is letting the republicans sit back and duke it out because of all of the republican infighting, they cant agree on this right now. Our best strategy is to sit back and let the chips fall where they may and take it from there. Its kind of like watching if your parents are in an argument and we are the minority party, we are not going to be the children to hop in. We know better than that. Lets just let the republicans do their thing and if they cant get it through like Mitch Mcconnell said, we will let them take a recess and get back it lauren republicans are so serious about this, amy, they are scrapping their weekly tax reform meeting to talk about health care, to try to get something through by tend of the day. So cbo can score it, do you think they are going to do it . I do like senator cruzs idea of bringing amendment forward where hes offering states that already have one obamacare compliance and offer a nonobamacare at the same time so you have a winwin situation. You still like your current plan with obamacare, fine, keep it. If you like to go another route because its too expensive for you, then go that route. Thats a smart move on his part. Cheryl whats interesting, robin, if you look at what this tax was less in place and this is the financial section of it, 172 billion would be in place that they could use to make Health Insurance affordable for lowincome americans. I mean, that would be something i think the democrats would be on board with. And we need to. I want to see americans are tired of the partisanship, we need to Work Together to get some things done that can benefit everyday americans. These issues resinate in the heartland, in the rust belt, so weve got to Work Together on these issues specifically. Im kind of tired frankly of the democrats being only the party of the obstructionists to be honest. Cheryl well, call up Chuck Schumer and see if he can come on board a little bit. We are all for that around here. [laughter] cheryl amy and robin, thanks to both of you. Lauren coming up, rumors swirling about who will replace phil jackson, the fired president of the new york knicks, we will have the latest on that. Tennis star venus well yums on hot water overria deadly car crash in florida. Lets take a look at the National Weather radar as you kick off the Holiday Weekend, storms in the midwest and south as we head into july 4th. In the markets no fireworks on wall street journal. Youre watching fbn am lauren ready for sports . Williams is facing questions over fatal car crash, williams is at fault on car crash in florida that led to the death of pearm in the other vehicle. Palm beach Gardens Police told that williams ran a red light and became stuck in traffic and the driver of the other car teebone williams suv, williams has not been cited or charged and Authorities Say she was not under the influence of drugs or alcohol. Car remains under investigation. He bangs his knee, pretty hard in the wall. Tries to shake it off but cant put any weight. Hes unable to stand up and eventually collapses and the teammate stands in the dugout, called up from the minors, fowler is carted off with a season injury and the yankees end up losing the game 42. Thats sad. Rumors are swirling about who is going to replace phil jackson. Kentucky head coach john reached out to the team to express interest in that job. Knicks reportedly sate theyre not interested and denies report. He tweet that is no one contacted the nixon his behalf. Espn also dade eyes griffin takeover. Cheryl a lot of changes. Coming up we will have the latest on the senate scramble put together a new but still Controversial Health care deal. And what that means for investors, actually a big hitch here. Google says that they need their workforce to reflect users so they hired diversity chief but are they diverse . We are going to look. Taking a look at index, slight uptick for all three major averages but big selloff yesterday and we will see if markets can recover on last day of trading and first half of the year, oil 45. 31. Weak dollar is pushing that higher. Youre watching wam. Yeah. But, wait, theres good news for adults who have type 2 diabetes and Heart Disease. Jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. Jardiance is proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and Heart Disease and lower your a1c. Jardiance can cause serious side effects including dehydration. This may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. Ketoacidosis is a serious side effect that may be fatal. Symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. Stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. Symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. Do not take jardiance if you are on dialysis or have severe kidney problems. Other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. Taking jardiance with a sulfonylurea or insulin may cause low blood sugar. Tell your doctor about all the medicines you take and if you have any medical conditions. So now that you know all that, what do you think . That its time to think about jardiance. Ask your doctor about jardiance. And get to the heart of what matters. Wheyou wantve somto protect it. E, at legalzoom, our network of attorneys can help you every step of the way. With an estate plan including wills or a living trust that grows along with you and your family. Legalzoom. Legal help is here. Cheryl breaking news this morning, trump travel ban taking effect with no reports of chaos and confusion that well some had expected. Lauren we do i do have chaos in washington as the senate is scrambling on health care bill, question is, is that going fly . Cheryl we had a big selloff in the markets yesterday amid worries about the future of the trump agenda. Theres also concerns that markets have really gotten ahead of themselves in particular tech stocks got hit hard but all major averages up 3 , last day of trading is today. Right now the dow, s p pointing slightly higher open. Lauren the nikkei in japan down 1 , however the shanghai composite in china 1 . Cheryl ftse pointing higher, cac in paris about 40 . Dax as well. Lauren facing antitrust concerns, rite aid and walgreens dropping merger plans. Cheryl google says it needs workforce to replace users so hired a diversity chief but a new report is calling into question if theyve made any progress in being a twers company. Lauren tgif, its june 30th right here in new york 5 31 a. M. Im lauren simonetti. Cheryl good morning, everybody, im cheryl casone, welcome to fbn am, first look at morning markets, breaking news and what to expect for the day ahead. All lauren we are flying by. Its really unbelievable. We have a scaledown version of the president s travel ban. It took effect just a few hours ago last night and it took effect pretty smoothly we have to say. Cheryl we were questioning how that was going to go overnight. Tracee carrasco has the details. Tracee travel order went into effect, so far no reports of protesting or chaos that we saw with the original version of the president s executive order back in january. New rules tighten visa policies, sudan, syria, iran, libya, and yemen, people from those countries who need new visa will have to prove a close family relationship or entity like school or business in the United States, the state Department Said the family relationship valid for entry would include a parent, spouse, son, daughter, soninlaw, daughterinlaw or sibling already in the United States. Late thursday the administration reversed course and included people engaged to be married on the list those with close family ties who are exempt from the ban. However, the order does not include relationships like grand participants, grandchildren, aunts and uncles. Journalists, lecture who is have valid invitation would also be exempt from the ban as well as any one with previously established significant contacts here. New rules came under immediate legal challenge, challengers in one of the two principal legal cases cases cases from hawaii made emergency filings asking court to clarify what the Trump Administration can and cant do with partial ban. Legal experts say this version of the travel order is significantly scaled down. The Supreme Court really did only lift the ban in a extremely limited way and so we saw lifted only for people who do not have a bonafide relationship with an individual or entity in the United States. So theres a very small class of people that the ban could now apply to. Tracee with the Supreme Court said to consider the overall ban again in october, the rules could change once again. Cheryl its interesting, though, it seems for now that the agency, the Government Agencies were much better prepared for what was to happen overnight and obviously this is very different than what we saw in january. We didnt have chaos in airports last night. Tracee they did say we are going to run smoothly with as few disruptions as possible. The confusion we saw last time, the people that were not allowed entry into the u. S. , you know, they had visas before but there was confusion as who could come and who could not. Thats what we saw earlier, we didnt see that yesterday. So lets hope that continues as this rolls out. Lauren of course, the Supreme Court weighed in and that affects things. Trace tray exactly. Lauren thank you so much, tracee and good to see you. Cheryl Senate Republicans, everybody, are raising to reach a deal to replace obamacare and send to Congressional Budget Office for scoring. They want to do that today. They are considering keeping the Affordable Care act, 3. 8 tax, thats something many republicans oppose. We have a bill that needs to be fixed. I think day one, most of us had believed that it was a starting point, we were going to get a lot of things scored in. Part of that was Tax Deduction that is were being proposed. Eliminations of a lot of the taxes, some of it will stay in. Some will stay in and some may not and thats tax on investment returns on families that make over 250,000 a year. Thats 172 billion over a tenyear period of time which when taken or put back into the system would allow us to make improvements in some of the coverages moving forward for those that need it most. Can he recall cheryl health and Human Services tom price still remains pretty optimistic. I think the senate will get something passed and the reason is the situation out there in the real world continues to deteriorate, the challenge is we have to make certain that we improve the market and improve it for patients and families and doctors to be making medical decisions and not washington, d. C. Theres ways to do it and the senate is working on it and i think they will get it done. Cheryl moderate senators are critical of the proposed cuts in medicaid and they also want 45 billion for opioid treatment and protection for preexisting conditions. Lauren Trump Administration penalizing a chinese bank for helping north korea. Blake Trump Administration has been trying to get china exert interest in rogue country. In a tweet last week the president suggested that chinas efforts have not worked out adding, quote, at least i know china tried. The treasury secretary Steve Mnuchin who announced the sanctions at the White House Press briefing thursday contented that this is no way meant to target china. President trump and president xi have had productive conversations about north korea and we appreciate their work and hope they will continue to work with us. Notwithstanding that, we are taking actions to show seriousness in which we are going to deal with this. Blake last night the president welcomed the south korean president. Later President Trump and president moon will have meetings as well. White house says the issue of north korea will be a major part of their discussions. Back to you in new york. Lauren blake berman, thank you. Fox news will have coverage at 11 15 a. M. Eastern time this morning. Cheryl another story we are watching this morning. Mika brzezinski and Joe Scarborough, host of morning joe are delaying vacation in order to respond to President Trumps twitter attack. That attack happened yesterday, the host respond today but the white house defended trumps tweets after being asked that the president went too far. I dont think so. I mean, i think that the president has been attacked by that program and hes been very clear that when he gets attacked, hes going to hit back. I think the American People elected somebody who is tough and smart and a fighter and thats donald trump donald trump and i dont think thats a surprise to anybody that he fights fire with fire. Cheryl fire with fire, look at this, a new fox news poll conducted right before trumps tweet about brzenzinski say 70 tweets are hurting the agenda to 17 that are helping to the agenda. Lauren so much to be talking about instead of tweeting. One factor in the Big Stock Market selloff yesterday, lets talk about whats ahead for this month with david nelson, chief strategists at bell point, good to see you. Good to see you. We saw the tech stocks getting hammered yesterday, but once again financials were up on the day. What do you make of that dichotomy and how do you think the distractions in washington are playing in to what the stock market is seeing . Rolling corrections underneath the service. The trading wills been ferocious. I think financials are playing off the fact that president s agenda that can unfold is the roll back of Regulatory Overreach that we had over last eight years and youre starting to see that unfold with the rollback of doddfrank. In addition, financials recently came through the stress test with flying colors so theyll be able to buy back stocks and raise dividends. Cheryl thats a good point about financials because if you look at that sector, it really has been the strength that we have seen specially this week, but the move to dividends, talk about this, does that give you pause when they are hiking dividend by 60 , do you worry that that puts them at risk . No, it doesnt put i dont think so. I think they can handle the dividend. Do i take a little paz with pause with the buybacks. But in the case of banks, you can make the case that banks are probably overcapitalize so they have to give some of that to the shareholders. Lauren i want to talk about dealmaking, you see wall greens and rite aid scrapping deal, we have also seen activity in the m a sector down 17 in the year, is that because companies are saying, we dont know who the permanent ftse chairman is going to be, we dont know what the tax rate is going to be, why are we seeing less m a and less deal making . Thats a good question. Its not a secret that the Previous Administration was pretty sour on dealmaking. They didnt like it. I was always suspect walgreens taking out rite aid. Initially when the report came through that the deal was off the table, walgreens was actually up 45 premarket, gave all that back during the day during the selloff. Lauren all right. Cheryl great perspective from you and definitely sectors to watch. Appreciate it. Lauren thank you. Thanks for having me. Cheryl voters say the president s tweets are hurting his agenda. We just told you about it. We will take a closer look at that story. Google hiring a new diversity chief tackle the slow pace of hiring women and minorities at the company. A new report is very interesting exactly what is google doing and is it the right thing . Taking a look at u. S. Stock market futures, beg selloff yesterday, the dow was down 250 in yesterdays session, right now dow futures pointing by 9 points, s p as well. We will see how the last trading day of the first half of the year goes. I just like saying that a lot. We will be back in a minute cheryl 5 45 a. M. In new york. Lets get you caught up on whats happening now. The German Parliament voted by white margin to legalize samesex marriage, chancellor Angelo Merkel paveed the way that freed members of conservative block to vote according to conscious rather than party line. Opinion polls say showed for years that most germans favor legalizing samesex marriage. The countrys debt is piling up faster than expected. The main reason for the large deficit, the government is collecting less money in tax receipts than expected and theyre still spending a lot so that usually doesnt work out will. Then there was this, googles effort to diversify workforce is moving at slow pace, women make up 31 of employees last year at google, same percentage as the year before. They also rarely moved the needle on other fronts. Report shows the majority remain white and asian men to speed things up, daniel brown as their new head of diversity. And stock market futures ahead of opening bell, lauren, we will take it. Better than yesterdays selloff. Thats whats happening now. Lauren thanks, cheryl. Most voters agree that the president s tweeting habit is making his job more difficult. Even members of his own party say he needs to control himself. Joining us to tuck about it amy, republican strategists and former nevada state gop chairman and robin, democratic strategists and former Obama Campaign regional field director. Good to see both of you. Amy, i will begin with you, do you agree with the poll that these tweets are bad for the president s agenda and why do you think he keeps tweeting . Well, i do wish that he would slow down on the tweeting but you know when you have somebody like cnn reporters who are just spewing basically hate and and talking the way that they are, i dont see how they cant expect somebody who is known for, you know, basically being a street fighter, somebody who is known for hitting ten times harder and not have the fight on their hands. They are the ones who started it. Do i appreciate the tweets, no, i wish they would slow down but they did ask for it. Cheryl msnbc anchors Mika Brzezinski and Joe Scarborough who are going to respond, this kind of thing, members of his own party want him to stop, paul ryan saying, look, this doesnt help the agenda. That is where we are thinking that the president might want to listen to his own party. And i completely agree with you there, i have to say, the leopard is not going the change the spots, we are talking about a 70yearold, if melania asked him to slow down twitter and she couldnt get him to do it, i assert that hes not going the change. I will say that i do think that this hurts americans in general because as we have seen, it weaknesses the agenda, it puts his own agenda in legal liability sometimes, some of the things that he says his legal team has to hop right on and what we had to see sean spicer come out and contradict and all try to analyze what this gentleman has said in 140 characters or less. Lauren im going to give you the answer on the tweeting, amy, after cnn had a retract the russia story, three journalists resigned, it seemed that trumps war with the media that he was gaining the upper hand and then the tweets about Mika Brzezinski. Shame on those republicans who actually came out and attacked the president , why arent we hearing from them attack mik and joe and these are the republican who is never supported the president in the first place. Cheryl you have to admit when you have people like paul ryan, this gets nothing but for enemies. That would be health care, tax reform, you have a budget issue thats coming up right now. All of that, amy, you to admit is being derailed by the president s tweets. Well, once again, i wasnt in favor of the tweets, but its something that happened and now as a country we just need to move forward and we need to focus on health care and focus on tax reform but unfortunately you do have a media who has been vitriolic to the president and the president is winning here. Lauren that is here. The media at times very nasty with President Trump. Amy, robin, good to see both of you. Thank you. Cheryl coming up seattle controversial pursuit of a 15dollar minimum wage. What city officials did after they didnt like the results of a study . Plus, back to the future, sony, why they are reviving some music magic after nearly three decades. We are taking but back in time. Youre watching fbn am which i cheryl researchers telling the city of seattle that the 15dollar minimum wage would cost the city jobs and take money out of the pockets of the working poor. Reaction from the city, buy a new study. Dan springer has details. When the university of washington study came out this week showing seattle minimum wage is costing thousands of jobs and actually hurt lowincome workers city leaders attacked the mearnl, a team of economists at the university of washington. The group of researchers was hired three years ago to study the effect of wage experiment but city officials stop funding when they didnt like the results. The moment we saw that it was based on a flawed methodology and unreliable, you know, no longer speak for and we contacted professor michael. Professor at the university of berkeley has done several studies on minimum wage all concluded helped lowskilled workers. As soon as seattle politicians knew the washington study would show significant cut in hours and pay for lowwage earners they commissioned to do study and major gave deadline, the work had to be done before the Washington Team announced the results. We are doing work thats in the Public Interest and the value that we place on being transparent with the city outweighs whatever reaction that they might have. The stakes in this war of studies are high, a National Campaign called fight for 15 aims to make seattle law the federal minimum wage. So far wins new york and california. Critics call egregious science of scienceshopping. They see grinding to a halt, i think thats why they are using unseemingly tactics to try to discredit economist who is are doing their best to carefully study whats happening. They are not just under attack on those opposed, the liberal weekly and columnist also criticized them on dismissing what appears to be good critical sients in exchange for rubber stamp. Cheryl, lauren. Cheryl interesting story. Thank you. We should add that meanwhile in the state of maine, restaurant workers successfully lobbied to low eed minimum wage. Last november to raise minimum wage but receiverrers said fewer tip and fewer shifts that. Lauren they we wanted to keep shifts and tips, if you let the market play out, you can see surprising results. Cheryl listen to your receiverrer at the restaurant. Lauren blast from the past, guys, major record label will start making records again after almost 30 years. A record, that means a record player, we will tell you all abt it. Boy once there was a boy who did the same thing again and again. One day, he was told he had autism. He got help and slowly learned how to live with it better. Announcer Early Intervention can make a lifetime of difference. Learn the signs at autismspeaks. Org. Lauren everything hold is new again. Sony will resume making Vinyl Records because theres been dramatic increase in demand for vinyl music. Younger customers, some never saw record player. Cheryl youre going to tell me you saw a vinyl record when you were a kid . Lauren we still have them. Cheryl we have a whole collection, im going to admit. Vinyl industry will pose doubledigit growth this year for the seventh year in a row. Sony will start turning records by next month in an factory outside of tokyo. Lauren look at that. Cheryl vinyl record is back. Maria i have a few albums of madonna at home i was telling the team here. Good morning, happy friday, thank you so much for joining us, im maria bartiromo, friday june 30th, top stories right now, 6 00 a. M. On the east coast. President trumps travel ban setting restrictions on who can come to the United States from six muslim nations. State of hawaii challenging the partial ban. Health care reform on life support. Today the deadline for the senate, new divisions amongst Senate Republicans threatening the deal but counsel to the president says it will get done. The American People are watching and they want to make su