Transcripts For FBC Mornings With Maria Bartiromo 20160519

Paris to cairo when it disappeared was headed to cairo. Official saying the plane crashed into the sea. Here is what we know. The flight had 66 passengers on board including crew, including one child, two infants, none of those passengers american. Egypt there is saying the plane sent an emergency signal two hours after it disappeared from radar. Greek residents and a merchant ship captain saw a fire in the sky. Family the move on board going to charles they gaulle airport, Cairo Air Force for any updates. We went to check Global Market action and see if there is any reaction on this breaking news. Mixed performance, very fractured, but across the board this morning, take a look, travel related Companies Getting hit hard. The s p is down 1 and the cac quarante 1 , the decs index in germany another 1 2 . Futures in the us look like this. We expect the lower opening and broader averages this morning, we are looking at any connection in terms of Market Reaction. Dow jones industrial average right now expected to open down 70 points, the nasdaq and the s p 500 in negative territory. Joining me this morning is Dagan Mcdowell and chief economist correspondent John Hilsenrath and breaking news, impact in terms of markets. The news is happening as we speak. Dagen on egypts economy. The economy has literally fallen off a cliff after the russian jetliner in what is called a terrorist attack last year was taken down after taking off going to russia. We can talk about that is the morning moves on. We have traffic in the first three months of the year cut in half. Maria we have breaking developments throughout the morning. I want to go to breaking news out of egypt to bring in an active pilot and airspace. Com creator todd curtis. Thanks for joining us. We are piecing together what appears to be the plane carrying 66 people crashing in the Mediterranean Sea. A very sudden onset, three airTraffic Controllers tried to contact the aircraft, they simply didnt respond and it disappeared. That speaks to something fast acting, possibly catastrophic happening to the aircraft. Maria some Officials Say they saw fire in the sky, dont want to make too many jumps here but something sent that plane crashing into the sea. What are you looking at in terms of what could be a fire in the sky that Officials Say they witnessed. After the eyewitness report of something in the sky, those witnesses, whether there was other collaborating evidence would show it was likely in the area of that aircraft. That said, even this very unusual event of a fire in the sky and disappearance of the aircraft had been close proximity to one another doesnt bode well for the aircraft. The kind of event given the alta to the plane was flying at put it have been taken out by a surface to air missile . Is it more likely there was an object on the plane itself. This is something that could happen but at cruising altitude, 37,000 feet, a shoulder fired missile would not be able to reach that altitude is the kind of technology that would be needed is certainly available in military forces throughout the world but that is not the kind of thing used by insurgent forces. As to other things that could take the aircraft out there is a possibility that could lead to something that could be a strep catastrophic failure, explosion in the sky but lacking other information it is hard to speculate. Apparently the plane was an egyptian airspace. Is anything to be learned from that . Maria ten miles into egyptian airspace. It is unclear whether the event happened in egyptian airspace. Something i heard is airTraffic Controllers, trying to contact the aircraft for some time before it exited communication and it disappeared from radar after they were trying to contact it. Without further coordination between greek and egyptian authorities and other authorities in the area it is unclear where the initiating event may have heard. Dagen how critical is it to find this debris field . The timing of it . How critical is it to find it as soon as possible . Hope may exist, this aircraft did not catastrophically crash. Certainly as soon as any debris can be found the authorities would be able to zero in on possible survivors. If survival is no longer a possibility if there is a debris field that would point to where information may be recovered maria it left charles they gaulle at 11 00 pm in the evening and lost contact with the radar tracking system, 3 hours into the flight and another two hours later, getting this distress call. Benjamin hall from london at fox news, benjamin, what do you make of this distress call coming after the plane had been disconnected from radar. Conflicting reports about that distress call. There was no distress call and civilization Authorities Say it was too early to make that call. We are not sure about that. That is where all the ships are converging, trying to find either debris or ballot boxes, the first ship to get to that point, they cant see anything on the seas, no oil spill you would expect to see in the area but conflicting reports about where the plane came down because of this period of silence, some reports putting a new the island of crete, others near a different island. All the ships in the area are converging on that area and it is a widely traveled widely used body of water, nato naval ships in the area, the us six feet up in naples, they are looking closely at trying to help as they can. That distress call still not confirmed and that would be crucial because it would suggest prior knowledge of what happened but reports also indicate it disappeared off of radar suggesting a catastrophic accident. Whether depressurization of the cabin or an explosion we dont know yet. Where did it get on the plane . Was it charles they gaulle . One of the most heavily protected airports in europe. France has been in lockdown. Big questions if it does turn out to be a terror attack shaping up aviation around the world is catastrophic and that is something egyptians do not want, their economy is faltering in a big way so they are going to Great Lengths to say this is not terrorism, do not jump to conclusions, french and other Authorities Saying all options are on the table. Maria we will get back to you as news develops, 56 people were on board, 56 passengers. One was a child, two infants, nationalities of those on board, 15 french, 30 egyptian, one british, two belgian, one kuwaiti, one saudi, one sudanese, and one algerian and one canadian. There is other news happening, Cisco Systems reported earnings, we will see if that helps markets, they are bumping their guidance that cisco. We went to follow the egyptian airplane that crashed carrying 56 people and bring in Navy Fighter Pilot leah gabriel joining the conversation. We know this is an airbus a320 manufactured in 2003. What can you tell us . The pilot had 6000 hours, it was do for regular maintenance, just recently had maintenance check. It sounds as if it was properly maintained, those are things we wont find until later down the road. What happened to this airplane . Will we find a black box . What indications might we piece together as far as the controllers on the ground . Maria two things that strike me, let me know what you make of this, witnesses saying they saw fire in the air and there was something of a distress call being debated right now two hours after we lost radar . Dagen leah has been talking about the difference between a distress call and no distress call given the altitude of the plane is the difference between a catastrophic event and explosion, whatever caused the explosion and mechanical failure. Of a distress call suggested mechanical failure. We dont know that there was a distress call. Dagen it wasnt debated. If there was no distress call that suggest something catastrophic that happened fast. In airplane didnt disappear off radar, there are so many different Radar Systems in that area. For it to fall off radar if there was a distress call it doesnt mean something catastrophic didnt happen. Or that there was an explosion on the aircraft. They had some advanced warning. Dagen the size of the explosion, it takes the plane down but if there is a terrorist on board. Maria that is what im trying to understand. We should not pick that apart too much because all the information coming in, we will find some of the reports are incorrect. First there was a distress call, then there wasnt. They said there is a crash, they havent confirmed that. That will happen throughout the morning and we get more information from officials but this report that a witness may have seen aflame in the sky is very telling if true. This person was captain of a merchant ship, who spent a lot of time out at sea who would know the difference between something you would normally see like a meteor shower, shooting star and something completely unusual. It is really important to recognize three things could have happened, something wrong with the airplane that caused it to crash, and explosion, could because inside the plane or outside the plane meaning a bomb on the plane or Something Like a missile hitting the plane and you cant rule that out as well. At that altitude a surfacetoair missile, you would have to have had very advanced equipment. Maria you have to widen your scope if youre putting this in the scope of what we have seen from isis you may need to broaden a little bit, look at the fact the Egyptian Navy has been threatened by terrorist groups, the isis affiliate sinai province claimed to have fired a surface to ship missile at an egyptian ship. It was on fire, they posted pictures that appear to show a missile approaching the ship before it was on fire. Egyptian military disputes it and there are terrorist activities. Dagen i want to introduce the idea of after the russian jetliner went down in late october, within the next month western officials and russian officials said this was terrorism and identified it. It wasnt until february, the president of egypt came out and said this is terrorism. Investigators in the country, the time would not have been acknowledged. Im introducing the way in the past egyptian leaders and officials have handled this. It was flawed. There is always they want to make sure, there is an issue with tourism. I want to mention Major Incidents. The second Major Incident after a plane was hijacked in march. Dagen a fake suicide. The potential for Something Like surfacetoair missile, you have to consider miscalculation as well. A lot of navies operating in the mediterranean, they have the ability to shoot aircraft down, highaltitude is it possible it absolutely is a possibility. You have to look at the u. S. Navy, has made in 1988 we made the mistake of the horrible blemish on a record of shooting down and irani and airliner we thought was an f14 attacking our ships. Dagen there is a search for debris underway. What kind of things are we looking at in terms of a search for debris . What are the most important things in terms of the search that is underway . If they can find an oil slick to triangulate on the location you will have sonar, in the area, sonar capabilities, and look for anything, a piece of debris, signal from an elt, transponder that would go off when the crash took place, looking for anything to try to get to the deck of where this happened. One of the possibilities is someone snuck a device on this plane and it exploded in midair. How much better are our security airport people at insuring that kind of thing wont happen . How much better are we at monitoring the people working at our airports . They are not conspiring to do Something Like this here. Trying to adapt to the thread as it happens. It is a constantly changing environment, that is what intelligence professionals are working on, what is the greatest threat . People whose job is to find them, you have to consider the tarmac and who had access to where the plane was being kept. And the wheel well. Where this flight took off from from the terror attacks in paris but they have ramped up security. They started inspecting employee lockers, reviewed tens of thousands at the airport, due to broad security review, revoked badges, and that was offlimits to passengers, and boarding the plane you could not take any liquids and that worry is why we are all focused this morning. We want to update you on what is happening this morning with breaking news. Egypt air flight carrying 56 passengers and ten crew has disappeared. Egyptian aviation Officials Say the plane crashed and a search for debris is underway. The egypt air flight left paris at 11 09 00 pm, lost contact with the radar tracking system over the Mediterranean Sea at 2 45 cairo time, 37,000 feet after entering egyptian airspace. It disappeared from radar, 174 miles from the egyptian coast and was going to cairo. 37,000 feet is when radar lost contact. What does that tell you in terms of where it was . 37,000 feet would be typical cruising altitude. I have spoken with former Airline Pilots who said they expected the aircraft to have started to descend or the point where it was starting its descent at 37,000 feet but at this point what it tells you is it is unlikely this plane lost control and started descending or someone intentionally crashed it because it would not disappear from radar. Maria good morning to you. International news sources and what is happening on social media, egypt flight 804 going from paris to cairo went off radar. That is 175 miles north, egypt, you can see on the map in front of you the latest numbers. There has been confusion about the numbers for passengers and crew, 56 passengers, 10 crewmembers, here are all the nationalities of the passengers on board, two babies, one child, 15 french nationals confirming 30 egyptians, two arrests, one british national, one kuwaiti, one saudi, the other nationality, one each. Looking at news reports, a couple things i want to bring to you, this flame in the sky you have been talking about from residents, on one of the greek islands where we think the crash site is, saw a fire in the sky and the Greek Merchant Navy ship seeing flame on the sky. There is a massive search operation underway. When rescue ship has arrived not seeing anything yet. That is according to bbc. Egyptian aviation Officials Saying it didnt enter egyptian airspace and vanished ten miles into egyptian airspace. Egypts Prime Minister came out 30 minutes ago and this was technical problem or terror attack, too early to say. And pictures out of cairo airport, they have stepped up Police Presence at charles they gaulle as well. We are looking at things coming out of europe and egypt. Maria we will get back to you as the latest developments change. We have other news, covering markets at their lowest of the morning. Cisco reported earnings better than expected and raising their guidance. More on breaking develop and on that missing flight out of egypt, back in a moment. In new york state, we believe tomorrow starts today. All across the state, the economy is growing, with creative new business incentives, the lowest taxes in decades, and new infrastructure for a new generation attracting the talent and companies of tomorrow. Like in rochester, with worldclass botox. And in buffalo, where medicine meets the future. Let us help grow your companys tomorrow today at business. Ny. Gov maria following breaking news, egypt airplane with 56 people on board has gone missing. Military search and rescue teams following up on automated emergency signal sent from the plane in the Mediterranean Sea. Egypt air flight 804 flying from paris to cairo was minutes away from Cairo International airport when the plane vanished from radar. The cause is unclear. We are seeing the latest. The news happening this morning in terms of markets, expecting a lower open, earnings out of walmart, our next guest has a new report how events like this can be disruptive to market and your money. We want to bring in local quantitative strategist at wells fargo institute. Thank you for joining us. Lets talk about the development of the morning, what kind of impact do you expect on the economy globally as well as markets . Only a small impact. They have been rebounding. We talked about historical context. There are a lot of events with a huge impact, the economic and the fundamental. Maria we know Goldman Sachs made a big call in terms of downgrading equities going from neutral, until we see sustained Earnings Growth stocks do not look attractive. Do you agree with that . Got to look under the hood and see what is it has been oil, sluggish growth those reversed in the second half. Dollars came up a little bit. Oil has stabilized, upward lift. Maria you use this weakness as a buying opportunity. In the second half the fed seems to think the economy will get back on track we are probably in the 2 range but that should be good opening up for us companies to continue to expand their profit margins. We talk about how they might have gone if technology and other things allow companies to be more productive. Maria waiting on earnings out of walmart, the fed minutes yesterday. Did you learn anything in terms of where we are in the Global Economic story today . They are data dependent. You mention walmart and Consumer Discretionary retails and how people shop and what they buy and a big deal about Consumer Retail sales. Maria you have to believe the egypt airplane carrying 66 people over the Mediterranean Sea impacts the broader consumption story. Maria does it not . Probably suffers. Maria you dont see a broadbased impact. Events such as this affects peoples behavior in coming weeks and think twice about looking at it and interim us, should not be as much of an issue. The fed comes out, the economy is doing okay, we think it will be Strong Enough to raise Interest Rates in june, july or september. How does that affect do investors look at that and say maybe the economy is doing all right . Or do people say Interest Rates are going up, got to get out. Maria we have breaking news on this. What the fed saideally good next few months we will raise rates. If the reaction function is to raise rates those things should flow into earnings. To drive stocks higher. Maria wells fargo investment institute, see you soon. Once again search and rescue teams, the plane that have gone missing, egypt air was traveling from paris to cairo. We have the latest developments on the missing egypt air flight in the Mediterranean Sea. Back in a moment. At temenos, with the microsoft cloud, we can enable a banker to travel to the most remote locations with nothing but a phone and a tablet. Everywhere where theres a phone, you have a bank. Now a person is able to start a business, and employ somebody for the first time. The microsoft cloud helped us to bring banking to ten Million People in just two years. Its transforming our world. I donor wonder whether i theshould seek treatment. C. I am ready. Because today theres harvoni. A revolutionary treatment for the most common type of chronic hepatitis c. Harvoni is proven to cure up to 99 of patients whove had no prior treatment. It transformed treatment as the first cure thats one pill, once a day for 12 weeks. 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Some greek residents and captain saw a fire in sky, families of those on board now headed to airport in paris and cairo airport for any updates. I want to check the globe marble reaction. We have been seeing weakness pretty much across the board. The action is really in europe and the u. S. In europe you have declines as the developing story continues to become clearer, youve got dax index down 1 and a quarter percent. Travel related hit hard this morning. Futures at the lowest right now extending losses from yesterday. Dow jones industrial expected to open 65 points. We havent seen Significant Impact to markets on this breaking news this morning. Of course, that news is the disappearance of egyptian air flight. Presumptive president ial nominee donald trump just tweeting just like another terrorist attack. Airplane departed from paris, when will we get tough, smart and vigilant . Donald trump tweeting this out moments ago as we try to get our arms around what caused this flight to go down. Fox news garrett with us. Donald trump tweeting it could be a terrorist attack. They have said they are not ruling it out but its simply too early to say whether or not that is the case. Another thing that investigators are going to be looking into after these kinds of incidents is the airline itself, is there any kind of pattern or history of aircraft having mek mechanical issues. We havent had any reports with major issues. There was an an incident back in 1999 when egypt air flight killing all 217 people on board, egypt officials insisted that a mechanical issues says error. The airline has been in the headlines for hijackingrelating incidents, according to Aviation Safety Network since 1976 airline has been the victim of at least eight hijackings, the most recent ago just a couple of months when a man claimed he was wearing a suicide belt demanding to see strange wife who lived on the island. The man was mentally unstable. Maria, again, we want to point out to folks that while officials are not ruled out terrorism or hijacking as a possible cause here, they have said that there are no indications right now to indicate that either of those was involved in this crash, maria. Maria we are waiting on more developments. Thank you, garrett with the latest there. The reason that we are even considering this is that the Prime Minister of egypt, the Prime Minister of egypt says this morning we cannot exclude anything, say it is Prime Minister after the passenger jet took off head today cairo. Lets bring former secretary of defense, lawrence, the egyptian Prime Minister is saying nothing can be ruled out. Accident or act oferer risk . Well, its hard to explain. We have a pilot who has 6,000 hours f he did have some sort of mechanical problem that he wouldnt have radioed anything. You have a report that people saw explosion in the in the sky. So given, you know, what happened in the senai, given the fact that isis does not seem to be doing well on the ground. They resorted to terrorist attacks in baghdad, this may by another way for them to show that they are still relevant and while you may beat them in iraq or syria for a while that there are other place that is they can do things. Maria well, the other thing that happened to quickly, witnesses are saying that they saw spark in the air, but we dont know what that means and if it were terrorism it could have happened very quickly, lawrence. Well, very, very definitely. Again, if youre flying along and your pilot with 6,000 hours you see something youre going to radio something. Its very rare unless something, you know, on tour happens that it would go this way. Maria yeah, Dagen Mcdowell you mentioned earlier that it has had a history of hijacks. Most recently in march. Dagen ly speak to, and i will ask lawrence this question. Because the jet liner took off from paris and not from another city where the security procedures might be lacking somewhat, could we be reassured at least a little bit the fact that this plane took off whether its a hijacking or not, whatever the cause may be reassured a little bit at least because this plane departed from paris . Well, certainly more assured, but dont forget when we had a copilot on the german aircraft, you know, that caused problems here several months ago and as you pointed out here earlier when you had the copilot and plane egypt air flying from this part of the world back over there. So it could be one of the crew that would be involved. Maria thats a good point. We are tracking report that is dozen of airport workers in paris were on the terror watch list, lawrence. Thats right. You would hope that the procedures in paris would be better than thirdworld country. The fact of the matter that if its one of the workers, one of the citizens of the country who happened to be radicalized for one reason or another, this could be something that you can completely control. Maria Jon Hilsenrath. Jon we were talking about a possibility that this was a mistake, that some military unit accidentally shot the plane out of the sky. This is a war zone. Who is active in that part of the mediterrenean and is that scenario that you would put a list of possibilities . Yes, everybody is because you have the air strikes of the 60 nations that the United States is leading. You know n in syria and now libya. Thats obviously a possibility. Isis doesnt have any planes. And the only people who have planes are people we are working with. You may remember that the Russian Airline went into turkish air space. Jon who is active there . You have egyptians, israelis, americans. You have the greeks, italians and concerned about whats happening in libya. So it could be any of those. Again, that is very unlikely given the fact that isis doesnt have any planes and youre not worried about them and this plane was not going into their air space, it was going out of it, going towards egypt. Maria right, donald trump has tweeted out, looks like yet another terrorist attack, airplane departed from paris, when we will get tough, smart and vigilant, great hate and sickness, this tweet just coming being posted in the last 20 minutes or so, but lawrence, can you make that reach . Well, i think as you mentioned right in the beginning the egyptian Prime Minister is not ruling anything out, but given the fact that mr. Trump is the presumptive nominee you would hope he would be a little bit more cautious and Say Something dont want to exclude anything, lets ensure its not, but, you know, when you say it looks like i mean, everybody around the world is paying attention to him now. Maria right, right. So we know that this flight lost contact over the radar after entering egyptian air space and disappeared in radar 174miles from the egyptian coast. The search is underway, lawrence, what are you looking at in terms of most important, what do you need to hear from the search and rescue team . What you want to hear basically we want to make sure if theres any people still alive that we can get them, but basically, you know, what does it look like, does it look like an explosion, does it look like a mechanical failure, does the plane broke on impact or even before it landed . Maria egypt air tweeted earlier that the military search and rescue received a distress call from the airplane emergency equipment, i recognize that this is being debated about this distress call, but this is from egypt air. Dagen egypt has had a problem with the transparency. Lawrence was also talking about. Till this day the 1998 crash, the plane that took the copilot crashed the plane, to this day egypt officials deny it was the copilot. So they have some issues with what they tell the public and what theyll admit. Maria yeah, yeah. Lawrence, thank you, thank you very much for weighing in. We appreciate it lawrence there. We have weakness across the board. We are expecting lower opening when the market opens in about 2 almost 3 hours. As we follow latest developments, walmart is set to report earnings at the top of 7 00 a. M. , we will bring those numbers and tell you what that looks like in terms of the window into the economy particularly after the week the retail has had. Latest and fastsituation moving out of egypt. Stay with us as we cover the breaking story. Maria we want to keep you up to speed on this mornings breaking news. Egypt airplane crashing into the Mediterranean Sea. Cheryl casone with the latest now. Cheryl thats right, maria. We have been commenting the comments coming out of paris. For Francois Hollande. 66 passengers and crew in total losing contact at 2 30 cairo time. Right now three countries involved in search and rescue of the plane and egyptian primeomis saying the french president has said that the plane has crashed and we cannot rule anything out and the french president was asked, maria, whether or not he would say about the cause, he said also we are not ruling anything out. They are launching out a full investigation out of paris and investigation as well as out of egypt there. This is a four hour and 20 minute flight, maria, from paris to cairo according to the website. It went off the radar 37,000 altitude, that was the feet, this is about 175 miles north of egypt. We gave you the flight. Crew members 56, passengers 10, crew members also one child, two babies were on born. Here are the nationalities coming from egypt air, 15 french nationals, 30 egyptians, two iraqis, one britain, one saudi, within canadian as well as belgium resident and others as well as. Greek officials are getting reports from residents on the small greek island that they did see fire on the sky and sailers around navy ship also reported seeing a flame in the sky. Now, that search operation is underway. If you look an aerial map there were several vessels where they they believe it has crashed. Aviation officials are saying that the vanished shortly after it entered into egyptian air space and had been for about 10miles or so. Egypt Prime Minister say at this point it is too early to say what has caused the crash, maria, we are monitoring different things. We may hear something from egypt air officials in about an hour or so. So we are monitor to go see if we are going to get comments from them, back to you. Maria thanks, cheryl. Something from the defense minister in greece, at 37,000 feet egypt air flight made sudden swerves in the air according to Greek Defense minister and all of the above we are hearing Officials Saying that you cannot rule anything out in particular whether or not this is terrorist. Dagen well, that would suggest, its hard to see a plane at 37,000 feet which where the altitude was when it lost contact where the air Traffic Control. Maria what is the sudden swarves . Dagen you would see from the but it would very hard to see them at that kind of altitude. Jon could be swerves as the plane coming down. As the news break we get these kinds of reports. This was lost contact. It was only 30 minutes from landing. It was very close. Jon thats why i find so interesting and important, why did this happened if it got close to egypt. If there was something planted earlier why didnt it happen much earlier. It was something that it was near egyptian air space. Maria up next we will have more on disappearing of air flight. We are waiting on walmart earnings which will be out in a few minutes to give us a window in terms of where we are in the global economy. Markets lower right now. We will be right back if you need advice for your business, legalzoom has your back. Our trusted network of attorneys has provided guidance to over 100,000 people just like you. Visit legalzoom today. The legal help you can count on. Legalzoom. Legal help is here. Maria welcome back, we are following breaking news overseas this morning. Egypt airplane with 66 people on board has gone missing. President Francois Hollande saying that the plane has crashed. The reason of do his disappearance has not been confirmed. They are following up on an automated emergency signal. Egypt flight 804 was flying from paris to cairo, minutes away from landing at the Cairo International airport when the flight vanished from radar. Joining us right now aviation expert kyle bailey. Kyle, thank you very much for joining us. We are following comments that the plane made sudden swerves at 37,000 feet, whats your take on that . Possibly break up in a million pieces, if one wing broke off of the airplane, it could cause the airplane to make a sudden right turn or left turn depending on what wing broke off. Just because there was an explosion doesnt mean that the plane broke into a million pieces. Maria why would, for example, a wing break off . There were reports that witnesses said they saw fire in the sky, connect the dots for us in terms of why we would see swerves and why we would see a fire in the sky . I mean, it pretty much would either a missile, explosion on board the airplane. But everyone right now is, you know, playing it on the safe side, they dont want to rule anything out. Everything obviously is on the table but i would say the odds are 90 leading towards an explosion or a missile or something of that nature. Maria why do you think we have been talking, Jon Hilsenrath pointing out it was only 30 minutes from landing in cairo. So why would an explosion go up then if it was something on board, wouldnt we have seen that sooner rather than just before just before landing . These devices that terrorists make are usually, you know, very simple devices, theyre not very complex, and a lot of times quite frankly they dont go off as plan, there might be a delay on the timer or something might not work properly on them. There might be pressure switch on there. That could be a key factor that something perhaps malfunctioned and didnt go off at highest altitude or as planned. Maria Dagen Mcdowell, look, we keep looking at the potential of terrorism. We want to point out that all of the officials this morning have said the same thing, we cant rule out. So we dont know its a terrorist situation, however, this keeps coming up in all the conversation. Dagen regardless of what caused the plane to crash, it looks like its catastrophic, regardless of what cause that had cots catastrophe because it was last detected at 37,000 feet. I wanted to quickly ask kyle a question, in terms of an airline swerving and what we maria was reporting from Greek Defense minister, how would they determine that, how could they see that can you see a plane at 37,000 feet from the ground . No, it would look very tiny at that altitude, you wouldnt be able to see him. Maria kyle, thank you. These guys represent blood cells. If you have afib not caused by a heart valve problem, pradaxa helps stop blood cells from pooling in the heart. Forming a clot. Which can travel to the brain and cause a stroke. Pradaxa was better than warfarin at reducing stroke risk in a study. In the rare event of an emergency, pradaxa has a specific reversal treatment to help you clot normally again. Pradaxa is not for people who have had a heart valve replacement. Dont stop taking pradaxa without talking to your doctor. Stopping increases your risk of stroke or blood clots. Maria welcome back, we are covering breaking news this morning, an egypt air flight disappears over the Mediterranean Sea. Im maria bartiromo, we have the latest developments right now. The egypt airplane was in route to cairo from paris when it disappeared from radar. Officials that the plane has crash intoed the Mediterranean Sea. The flight had 66 passengers and crew on board that includes one child, two infants, none of those people american, egypt air say that is the plane sent an emergency signal two hours after it disappeared from the radar. Some greek residents and merchant ship captain reportedly saw a fire in the sky. Greeces defense ministers providing new detailses moments ago that the last images of the jet that it made sudden swerves while in egyptian air space and, of course, that coming from radar. In asia overnight fractional moves there. In europe we are looking at declines across the board. Travelrelated companies are getting hit hard. Ft100, down 83 points, one and a third percent. Dax index in germany, and cac lower than 1 . We are waiting this morning on earnings from walmart, thats likely to be a driver for stock prices this morning. The Dow Jones Industrial expected to be down about 61 points this morning. And joining me this morning fox business Dagen Mcdowell and wall street journal Jon Hilsenrath on the heels of the fed minutes yesterday and bob with us. Bob, good to see you. Federal reserve minutes really created a market selloff, jon. It certainly did, we have seen this coming, we have seen fed officials coming in recent days trying to remind that june was a possibility, you know, the fed was looking at futures markets, 4 probability of a move, and the fed came out and said, no, no, we actually might do it. Maria they might do it in june, raise Interest Rates. We have more on that this morning to talk with john on the heels of the fed move yesterday. The breaking breaking news is missing airplane. Ben, what can you tell snus. We are just hearing Francois Hollande has confirm that had the flight has crashed and that is the first real confirmation from him we have received. The paris prosecutors have opened an investigation into this crash. We dont know what that suggests but they are going to talk to anybody that came into contact with that flight before it left. For a brief timeline which is becoming more clear since the crash, 2 48 in the morning the greek air space spoke to the pilot and he was in good spirits and thanked the controller, 39 minutes later they tried to get him on the radio and there was no response. The plane went silent and 12 minutes after that, the plane went off the radar, so those are the crucial minutes that we dont know about it. Theres a beacon giving emergency signal. He cant see any oil slicks as you would have expected. This plane coming down from 37,000 feet might be spread over a large area. That 37,000 feet is interesting because the weather was calm there, the pilot was experienced, the plane had had a maintenance test just last wednesday and so real thing pointing not to act of god, weather issue but perhaps something more sinister. The plane was 8320 and had been in service about 12 years. Egypt Vice President says that there was no cargo, was not carrying anything but did have three Security Officials on board which apparently is normal for such a sort of plane and there would have been air marshalls of types, the idea of hostage scenario doesnt seem likely bearing in mind they were there. But the plane had been on four previous trips. Obviously, cairo is where the focus is now moving. A lot of talk of terrorism in that region, of course, that is the great concern. And any such activity like that would be hitting the economy hard in egypt because that is what isis seeks to do if, indeed, is to do disrupting the economy. This plane has gone down 37,000 feet, it is in the mediterranean we dont know what caused. We know that the sudden swerves happened just before it disappeared, thats from the Greek Defense minister and thats what hes telling us at the moment, the greeks are asking for assistance for satellite imagery and they want help and all the ships heading to see if they can find survivors and family of 66 waiting an to hear any news. Maria donald trump tweeted earlier about the hate and potential of terrorism. We are going to get to alid far ris on that. Wipt i want to point that that walmart shares are out. Better than expected. The renew is better than expected on walmart. Thats certainly a positive note in the face of what we have been seeing for negative markets in the terms of the broader consumer. Bob your thoughts on the numbers. Its very encouraging. We have been watching the consumer for some time. Its been relatively soft, walmart earnings very good, home depot earnings very good but unfortunately great earnings and stocks fell 3, so its kind of a dicotomy there but im encouraged to see the consumer back. Maria thats the reason the market sold off yesterday and the fed may start to raise rates. Jon what i find interesting about the numbers that a lot of spending has been online, the retailers themselves and stores have been suffering so much, what does it tell us, that here we have retailers who is producing strong numbers . What does that tell us about the consumer . Maria also walmart. Com. You have to separate what is Retail Retail versus what is fuel, gasoline, last year 2015 was a record year for the driver in the United States. That could add to some of the retail numbers that we are seeing. Maria walmart is a dow component. Its going to help the overall market. Market is off of the lows. Dow industrials is actually bouncing on these walmart numbers. We are following the breaking news of the morning. Of course, lost contact with the radar tracking system over the Mediterranean Sea at 2 45 in the morning and joining us right now fox news terrorism expert walied farris, thank you for joining us we are not ruling anything out, this, in fact, would be terrorism, whats your take on that . Indeed, it could be terrorism based on several components, number one the greek reports are very important, the fact that they lost the with the plane, with the crew, the fact that there was some fighting that the plane was going now. The second imagery, in a similar accident the russian plane, the explosion, imagery that began with the investigation. Obviously, now the fact that the french are conducting already an investigation. The terrorist airport or in paris at least. All that indicate that is this could be more evidence of that that could be terrorism. Maria you were on Donald Trumps policy team and donald trump tweeted out this morning just in the last hour, i want to show you the tweet, it looks like another terrorist attack. When will we get tough, smart and vigilant, so donald trump tweeted this out this morning, walid. Have you spoken to donald trump this morning . No, i did not, but this is you know, this is part of what i was developing that all indicates so far, the terrorist statements, the president of france ordering investigation on the one hand and the greek statement and the fact that the egyptians are not ruling this out completely, all that indicate possibly this could be terrorism and therefore mr. Trump is addressing the issue. We dont know what happened. Maria we dont know. Jon all kinds of things might happen so we shouldnt say it was terrorism. I just want to talk about motivations if that was terrorism, if this was isis, egypt has a very vulnerable economy right now. Do you see potentially as an effort to destabilize the economy and make the place more vulnerable to an isis or an e egyptian brotherhood to destabilize the country. Yes. If, indeed, this is terrorism, then, then absolutely this is part of the greater movement, which was declared by isis, by alqaeda and jihadists and also the Muslim Brotherhood to destabilize egypt and as we have been discussing for a while, egypt center and economy is tourism. This would be the second case after the russian case in the senai and that would hurt egyptian economy, one of the most important partners in the region and its the partner with the Peace Process with israel. Dagen you already have an economy in egypt thats flat on its back. Tourism revenue was down 66 from a year ago. You had russia and britain stop sending planes to shamar where they cut down flights. It was just recently putin about resuming those very flights, now you have this on top of the number of tourists going to egypt in the first three months was almost cut in half from a year ago and thats largely because of the one incident with the russian jet liner. Maria you made that point walid. Anything specific to this situation that strikes you in terms of when we heard there could be this distress signal coming out two hours after it disappeared from radar or the fact that people are talking about a fire in the sky and it was 30 minutes before it was set to land in cairo and anything specific to this situation that that strikes you . Where the incident more likely has occurred which is to egypt, its not over the skies of europe, second, i go back to where the plane has originated and this is where my concern is. It took off from paris, there were attacks in paris, there were issues of jihadists in paris and brussels. I think the investigation ordered by the french president is very meaningful and will show us probably something. Maria okay, walid, stay with us. We will take a short break and come back with the late ecion developments of the egypt air flight in the Mediterranean Sea. Stay with us this just got interesting. Why pause to take a pill . Or stop to find a bathroom . Cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. Tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex do not take cialis if you take nitrates for chest pain, or adempas for pulmonary hypertension, as it may cause an unsafe drop in blood pressure. Do not drink alcohol in excess. Side effects may include headache, upset stomach, delayed backache or muscle ache. To avoid longterm injury, get medical help right away for an erection lasting more than four hours. 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Cheryl casone has been monitoring the region. She has the latest developments now. Cheryl we are just now finding out we are going to have press coming out of egypt aviation officials in cairo and we are going to have a translation for that and we will bring that to you live as well. Also the report at the top of the show we want to confirm three air marshalls on board the aircraft, 66 people on board, ten crew members, 56 passengers, this is, of course, egypt air flight 804 crashing over the Mediterranean Sea. We are learning, maria, that a u. S. Navy plane in the search area, the search area itself 175miles north of egypt, fairly search area, several ships in the region at the time, maria, and all of those, of course, getting several reports that some of those ships seeing something in the sky, flame in the sky. About half an hour ago we heard from french president Francois Hollande to confirm that the egypt air flight did, indeed, crash and flight going from paris to cairo, this is a 4 hour 20 minute flight and you were talking they lost contact 30 minutes before landing, 3 hours 50 minutes into the flight that it lost contact. Also, in those passengers one child, two babies were on board along with those three air marshalls and here is a list of the folks that were on here from Different Countries that were 15 french nationals, 30 egyptians, who iraqis, no americans as of now we have no reports that any americans were on board that plane. Now, this is a threecountry search, maria between paris, greece and egypt. Greek officials are still currently investigating those reports that residents on a small greek island saw a fire in the sky and sailers from a Greek Merchant Navy ship saw fire from the sky. Massive search operation is underway with u. S. Aircraft now involved. You have several ships heading into that area, egyptian aviation officials that the plane vanished shortly after they entered egyptian air space and egypts Prime Minister too early to say was this a terrorism event, was this a technical problem or we also we heard from john mark in press conference with the president there, nothing is confirmed, they want to warn against any unverified information, theres a lot of reports on social media, a lot of things being reported on twitter, we are seeing that theres increase Police Presence. One more thing i want to add to this, theres another egypt air flight thats sets to depart in the next hour, as of this point that egypt aircraft going from paris to cairo is going to take off. And some of the family members are trying to get on board that plane, they wanting to to egypt. So theres a lot of happening right now. Maria you report that had the u. S. Navy is also in the search area north of egypt, cheryl, thank you, we have more on the breaking news after the short break. Stay with us. Im mary ellen, and i quit smoking with chantix. I always came back to smoking. I was absolutely frustrated, absolutely. I did not think chantix would work as well as it did. Along with support, Chantix Varenicline is proven to help people quit smoking. Chantix reduced my urge to smoke. Some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. Some had seizures while taking chantix. If you have any of these, stop chantix and call your doctor right away. Tell your doctor about any history of Mental Health problems, which could get worse or of seizures. Dont take chantix if youve had a serious allergic or skin reaction to it. If you have these, stop chantix and call your doctor right away as some can be lifethreatening. Tell your doctor if you have heart or blood vessel problems, or develop new or worse symptoms. Get medical help right away if you have symptoms of a heart attack or stroke. Decrease alcohol use while taking chantix. Use caution when driving or operating machinery. Most common sideaffect is nausea. I did it. I quit smoking. Ask your doctor if chantix is right for you. In new york state, we believe tomorrow starts today. All across the state, the economy is growing, with creative new business incentives, and the lowest taxes in decades, attracting the talent and companies of tomorrow. Like in buffalo, where the largest solar gigafactory in the western hemisphere will soon energize the world. And in syracuse, where imagination is in production. Let us help grow your companys tomorrow today at business. Ny. Gov maria we want to share you walmart shares up in the premarket this morning, better than expected firstquarter earnings, secondquarter guidance, upbeat in earnings number. Better than 88 cents that analysts were looking for. Walmart is going to add about 33 points to the Dow Jones Industrial average. So while we were expecting weakness at the open, Jon Hilsenrath, we are seeing the market come off of the lows on the walmart numbers . Jon another sign that consumers are doing all right, we are starting to see some inflation pressure building in the pipeline, and the fed which pays a lot of attention to this economy says things arent as bad as the market thought it was a few weeks ago. Maybe we get some positive impetus here. Maria does the fed raise rates in june . Dagen as Jon Hilsenrath reports on the front page of the paper today, the traders didnt had not factored in any chance, essentially of a rate hike in june, so when people get caught off, thats what happens, but the fed has been working hard not only in the minutes but in the days prior which you reported onto say, hey, we might raise rates. Jon they are not trying to say they will raise rates in june. They want to have the option to do if if we get a few more weeks of good numbers. I think theres a good chance that signal in june but dont actually do it september. Maria meanwhile theres this. Maria we are covering the breaking story right now and joining the conversation right now former nts chairman jim hall, thank you for joining us this morning as you have covered many situations in the air including that twa flight 800. What can you tell us in terms of what we know right knew this egypt airplane carrying 66 people apparently crashing into the Mediterranean Sea . Well, fears that unfortunately the aircraft has been, you know, lost at 37,000 feet, which would indicate that either an event occurred on the aircraft or there was some sort of inflight breakup. Unclear whether there was a distressed call or not. You know, unfortunately this underscores my concern that ive had for a long time that decades we have had military aircraft equipped with recorders which would give the location on a tragedy like this. So unacceptable. Maria witnesses have said this morning that they saw a fire in the air, we know that officials have said that on radar they see the plane swerving minutes before they lost radar, does this indicate that this could be a terrorist situation, jim . Well, its certainly indicates that way and the problem egypt, accident while we were while i was chairman of the ntsb, the problem with the Egyptian Government is theres very little transparency in these matters. Dagen dagen has been saying that all this morning. Jon i want to bring this back to the United States for a second, one of the possibilities here, we dont know what happened, but one of the possibilities is that some device was on this plane, which exploded. I want to hear how how was the United States doing now at preventing that kind of event from happening on our flights . We now have a very large if i recall bureaucracy running this process. Are we safe running in this type of event . We are much safer than 9 11 when the airlines were operating that system. I know that theres a lot of frustration at the moment but it appears that tsa has based on the record we have in the United States has done well, but we have to be jon are we screening Airport Security people adequately enough to make sure theres no conspiracies in our country brewing to bring devices on our planes . Its greatly improved but we are going to have to stay after, this is an enemy out there, the terrorist activity that loves this type of attention and so, you know, we are going to have to be working on it every day. Hey, jim, here. Weve had over 13 incidents with this. Your experience set aside terrorist for a moment, whats your experience relative to prior crashes, is there any root cause, analysis that youre familiar with inherent with this aircraft . No, this is a very safe aircraft and its got a very good safety record, you know, it, again, appears as if, you know, until they find the wreckage we are not going to know and again have the black box i was which we could have where there have been deployable recorders on the aircraft, but, you know, it would lean you toward some sort of unfortunate terrorist activity, but we just wont know till we find the aircraft. Maria jim, thank you very much for weighing in. Glad to. Maria jim hall there. Details coming up straight ahead. Stay with us after short break ps and customers. Every ontime arrival is backed by thousands of od employees,. Who make sure the millions of products we ship arrive without damages. Because od employees treat customer service. Like our most important delivery. Od. Helping the world keep promises. Maria egypt air flight disappears over the Mediterranean Sea. I am maria but aroma. The jet was en route to cairo from paris when it hit the peer. Officials are saying the plane crashed into the sea. Egypt air said to hold a News Conference momentarily and we will take you there live. Here is what we know now. The flight had 66 passengers on it including crew, including one child, two infants, none of those passengers american. Egypt air said the planes and an emergency signal two hours after it disappeared from radar. Some greek residents and a merchant ship captain reportedly saw a fire in the sky as if something had happened in the final minutes. Greeces defense minister providing new details saying moment ago the last images of the jet on radar show it made sudden swerves in egyptian airspace. We will Global Market action in asia overnight. Mixed performances, fractional story there. In your we see declines across the board. Travel related companies being hit hard. That is on the downside. We see the s p down 200 points. The cac quarante in paris and dax in germany between 1 2 and 1 . In the us we are seeing more of an impact from earnings than this story of the missing egypt air jet. The market is off of lows, walmart reported betterthanexpected quarter for the First Quarter on earnings and revenue. Also guiding higher for the next quarter, stock is up better than 9 this morning, the retail reporting betterthanexpected numbers for the First Quarter giving us a good window into the consumer in the First Quarter, Second Quarter guidance upbeat, that stock is going to add 33 points to the Dow Jones Industrial average, we expect a lower opening for the tao and broader markets capping the situation. The breaking news, greek, french, american and egyptian officials are searching for the missing egypt air flight which is believed to have crashed in the Mediterranean Sea. 170 miles from cairo. It is not the first time egypt there has been involved in situations like these. Blake berman has more details. Good morning. Friendss president has said the egypt air flight from paris to cairo has crashed. Egypt air sent a fairly cryptic statement on its website, on the possibility of terrorism, writing quoting egypt air denies all misleading Information Published by news websites and the social Media Channels regarding the reasons for the disappearance of the flight, the Company Confirms the reason for the disappearance hasnt been confirmed. Whether or not this is an act of terrorism remains the question in the forefront this morning. Donald trump tweeting a little while ago looks like yet another terrorist attack, airplane departed from paris, when will we get tough, smart and vigilant. We have looked into the airline and the aircraft and there is some history on both ends. According to the Aviation Safety Network, for egypt air, since 1999 the benchmark we are using there have been four attended hijackings, the most recent in march, two crashes including off the coast of massachusetts which killed 217. As for the airbus a320 itself there have been multiple high profile incidents, you might remember this was a big aircraft used in the german wings pilot suicide mission, crash killed hundreds in 2014 and 2017. This was the same kind of plane captain sullenberger landed in the hudson river. We are most likely looking at a completely different scenario here. Back to you. A lot of important details from blake berman. I want to bring more information on this. Dagan mcdowell. Is there something vulnerable about this plane given these 13 situations blake has brought up . Dagen there is an issue with egypt, the government and egypt air, how they handle these evens after the fact. With the russian jetliner that after taking off was going to st. Petersburg, taken down by terrorism, something announced by western officials, british and russian officials as well a few weeks after the crash, we still have officials in egypt who wont say it is terrorism and they say it was the bomb on the russian jet was planted you have had the president of egypt announce in february that it is terrorism but there is still a divide about that. You have a man with a fake suicide vest boarding egypt by airplane hijacked to cyprus. There is jim hall just said this, after that crash off the coast of Marthas Vineyard egypt insist it was mechanical failure. American Airline Investigators say it was the copilot that drove the plane into the sea. Trying to protect themselves. Their economy has fallen apart, Tourism Industry has fallen apart and they just want to avoid making it look like they have nagging persistent terrorism. Maria the philippines economy expanded 6. 9 in the First Quarter is lodging china as the fastest economy in asia. I point that out because we want to tell you we are waiting on egypt air press conference. We will take you to that press conference when officials begin speaking. Any details they have in terms of what went wrong and how this plane went missing. The spring from washington the Founding Member of the council for emerging National Security, and defeating jihad. Does this look and feel like terrorism to you. We have to be cautious in the initial stages, sometimes it can take weeks if not months to find out what happened but lets just look at the plant, the pieces of the jigsaw puzzle, this is an aircraft that originated in paris, heading towards cairo. These two nations, egypt and france are very important from the point of view of jihadis. We had two attacks in paris in the last year, we had egypt home to an isis affiliate, egypt is one of the top priority targets for isis in the region, number 2 this plane was traveling at a cruising altitude of 37,000 feet, very high for an event like this to occur if it was just an accident, no weather is involved at all. The reports are air Traffic Control in greece lost contact with this aircraft and went silent and as a result, nothing about dropped off the radar of egyptian air Traffic Control. A catastrophic failure of a mechanical nature which is very rare. The a320 is a reliable aircraft. This plane is 12 years old which is nothing in terms of aircraft longevity. The other possibility is some kind of explosive. If you add those things together and lastly the fact of the manifest of this aircraft saw that it went through all kinds of airports in the last few days, luxor, many of these airports are not airports in the western standard of security screening. It is very suspicious. Maria you are saying because the plane had gone through so many Different International airports something could have been transported on that plane, witnesses on the ground said they saw fire in the sky suggesting it could have been an explosion. What do you make of the fact the plane was so close to landing in cairo, 30 minutes away from landing, why then in the journey that we see this fire or some explosion take place . Remember terrorism at its core is about the spread of fear. Terrorists went as many people afraid as possible. They want symbolism. Look at 9 11. They had the twin towers, they had the pentagon. Their third target wasnt the white house but the capital. That symbolism to generate fear. If you want to send a message to one of the hardest antijihadis in the region it is him and King Abdullah of jordan that are the front line of this war against the jihadis you want this plane to go down in egyptian airspace, you dont wanted to disappear like the malaysians at, you want to send a message. If this is jihadi terrorism they would have waited until they sent a message to the government in cairo. You make an excellent point, 6700 airframes, good reliability. I have flown myself, most of these seem to be international events. You mention western standards. What are the biggest things they should be doing to mitigate these problems . Where to begin . We had recent reports in egypt itself, somebody paying 20 to get through all the security checkpoints, it wasnt screened. The question is access to the airframe and ground staff. That is usually important. We check manifests. We have a terrorist id checklist of manifests in europe and the us but it is the grounds crew that is a giant black hole. If you are landing in africa, what guarantee do you have that the person bringing the coffee grind on board the plane is cleared and is a trustworthy agent . Maria there were reports that there were some members who worked at the airport who were on terror watch lists, we have been reporting that all morning and for months now. We are about to go to a press conference in egypt to hear what officials know. What do you think is most important that we want to get from these officials as we go to the conference momentarily . We want to get the information of what data was being sent are not being sent automatically from the plane or by human beings. That is the most important thing. Maria thanks for your insight. We appreciate it. It was officials holding a press conference, lets listen in. [inaudible conversations] of course today is a very difficult day. We are all affected, not just us, but citizens all around egypt are affected. Can you hear me . I would like to first understand that we are all affected. Lives of passengers and colleagues at stake. And i am going to use the vanished plane until we find what happened. We are all sad about what happened. I am also going to use the term the vanished plane until we find the wreckage of the plane if there is any wreckage, until we make sure we know what happened for sure. There are hypotheses and theories about what happened, however we want to be professional i am going to try to speak about what happened today. You have read about seven press releases the talk about tween 9 press releases, so far there are tween 9. These tween 9 press releases that every time we receive any information we try release that information and we want to be as precise as possible because there are many channels and many analysts based in their conclusions on theories so we have to start making theories and make sure we find the plane and find out where the plane is and to see if there is wreckage of the plane and then we can start to do our job correctly in order to reach the causes of this incident. However, this doesnt mean the theory that this is a terrorist attack or a pure accident. It is too early to tell. Egypt air 804 from paris has disappeared from the Navigation System around 2 40 p. M. Cairo time. This was an airbus 320. 16 Business Class seats, 56 passengers in total, seven colleagues, seven crewmembers. The last contact between the plane and the control tower was 2 30 a. M. After that, the airplane was off the radar, 2 50 a. M. We made sure we were not able to contact the plane. The nationalities on the plane were 30 egyptians, one british, one belgian, two iraqis, one kuwaiti, 15 french, one baby, one saudi, one from sudan, one from chad, one from portugal, one from algeria and one from canada. The first thing we want to concentrate on, we wanted to make sure the numbers who contact the families of the passengers of all nationalities, to be in touch with them in cairo and we have reserved a hotel so that they can relax and we could provide all the means of conflict and the same thing for the passengers and families of passengers in france, they will receive free tickets to come to egypt and stay in egypt as long as necessary. Our team members have experts on them and we will respond to the needs of passengers of the people as much as we can because this is not a matter of hospitality but doing our jobs. This is a resume of the facts or a summary of tween 9 press releases that have been released so far and answer questions. What are the means of looking for the plane. Right now in egypt we are looking through the sea using our airplanes and the intelligence services, for sure. Because there is not more information about the incident other than flights or the plane has disappeared. Many causes of disappearance. He failed something. However maria we have been listening to the aviation minister of egypt. No new information from the minister. He said it is too early to tell whether this is terrorism and relying on these search and rescue missions to find any degree, blackbox information as far as what caused the egypt air flight to go down. Speculation is it crashed into the Mediterranean Sea 30 minutes before landing in cairo. Joining us in cairo, looking ahead is 60 minutes leslie stahl joining us, the author of a new book, becoming grandma which we wanted to talk about, good to have congratulations on the book. Your experience in terms of covering the white house for so many years, we were reporting donald trump might come out with a tweet and suggest it is probably terrorism, people are trying to connect the dots, and to the leader of france, it could be. So soon into it. The white house infrastructure would be leaning on him not to say anything until Everybody Knows what is happening. He shoots from the hip am a this is the way he is, he may have to walk it back but he walks back a lot. Maria a lot of people are looking at any global events. We should wait and see what happens. We dont need to create more panic or negativity. If it is terrorism we should respond accordingly but if you look at the history of this airframe, 6700 airframes out there, it could have leaned itself to that type of activity. Donald trumps appeal as he says what everyone else is thinking. This is another example of shooting maria he is trying to tell us he is not that rash or reckless. He has been walking things back into a place of more gentleness and more rationality. That just pops out. We are going to continue to see that, he will try to show us, he could be the commander in chief and things are going to pop out and he will go back and forth. Maria any previous president compared to him . He is different today because of social media and easy access of an individual to a very large audience, like he has a Television Camera in his office. No one has been quite like donald trump, a Television Reality star. I remember when Ronald Reagan ran for president there were a lot of people if not a majority of people who saw him as an actor, didnt seem as the governor of california but as an actor and there was a lot of concern, this is a different level. Maria National Security is one of the top issues for voters and americans going into this unconventional election recovering this story. And on the front lines for four decades. How important, how much of a factor and impact has terrorism had in an Election Year . Terrorism is always going to have a huge impact since 9 11 going forward. If there is a horrible terrorist attack closer to home, paris or belgium. Who does it help . Do people want someone who speaks, to take charge, and Hillary Clinton had a lot of experience in Foreign Policy and there is an interesting debate. People are going to look for action in very aggressive and deliberate way. That is where we are getting a lot of coverage. Maybe. Maybe people want someone who isnt going to be shooting from the hip. You dont really know politically how this will play out. Successes and failures on her record. Which is the issue. It is more about voting against, voting for. People vote for trump because they dont like hillary because they dont like trump. He has a lot of very enthusiastic fans around the country. Dagen on the platform of any president ial candidate and the most active supporters on facebook. To bring a business perspective to the administration which we havent had for eight years. Maria they feel he will have a different approach in terms of creating jobs and leadership. Then there is your book becoming grandma which is a happier subject. Having covered serious things and amazing stories, you got a bigger story going on. I wrote it because i became a grandmother and it was a huge unbelievable unexpected Emotional Experience for me. Virtually all grandmothers and grandfathers, i decided it would be a good topic for now because baby boomers who determine everything, grandmothers and grandfathers, Something Like 30,000 grandparents every week in the United States, the economics of it are fascinating. Grandparents today because they have more money is a cohort then the parents of these children are spending seven times more on their grandchildren. Ten years ago. And the daycare. Maria testing that. We have four children and three grandchildren and i am right with you. Take advantage of this. How do they capitalize on your grandparents. Surprise they dont do more. We are giving the millennials money. There is a lesson here. Maria taking a break from the story, we will see you soon. We will be right back. Maria breaking news, we are covering air flight that has disappeared over the Mediterranean Sea. The egypt air just was en route to cairo from paris when it disappeared from radar. Officials reportedly say the plane crashed into the Mediterranean Sea. Egypts aviation minister holding a News Conference saying it is too early to rule out any possible cause including terrorism or mechanical failure. Here is what we know at this hour. The flight has 66 passengers and crew on board including one child, two infants, none of those passengers american. Egypt air says the plane sent an emergency signal two hours after it disappeared from radar. Greek residents and a merchant ship captain reportedly saw a fire in the sky suggesting an explosion of some sort on board. Greeces defense minister providing new details, the last images of the jet where that the jet made sudden swerves while in egyptian airspace. Global Market Reaction in asia overnight very much fractional situation, mixed market as you can see their bullet across the board, an hour ago we had minutes from the last ecb meeting, not much changed as that data hit the tape. The s p down 60 points, the cac quarante in paris down one 4 , these numbers are off of the worst levels of the morning in europe after the minutes were released from the last ecb meeting. We have the Federal Reserve meeting yesterday and the minutes there, futures well off of the lows of the morning, walmart is the down component, reported earnings and stock is on fire better than 9 . Walmart reporting better than expected firstquarter earnings up . 98 a share versus . 88 a share, revenue at 115 billion better than the estimate, 115 billion and Second Quarter guidance was upbeat. The stock will help the Dow Jones Industrial average, it has already done so pushing markets off of the lows. Dagan mcdowell with judge janine. We are covering breaking news on the egypt air flight. Benjamin hall is in london with the latest of what we know. Good morning to you. We are looking at the press conference by the egypt in aviation minister, very cautious, cannot jump to any conclusions but the important point from the Greek Defense minister, bore the for the plane went down it took some sudden swerves and dropped 22,000 feet. Alongside that the Paris Prosecutor Office has opened an investigation. We dont know what that suggests but anyone who came into contact with the plane before it took off, to go over a timeline of eventss the plane was flying from paris to cairo. At 12 48 greek aircraft controllers reached out to the pilot and he was, quote, in good spirits and thanked the controller. 39 minutes later trying to reach out to him again and he was nonresponsive. The plane did not answer. The swerves happened and the plane went down so we will listen closely to what happened in those 41 minutes from the time he was in good spirits to the time it hit the mediterranean and crashed. Now ships are converging on a point, there is an emergency beacon being set off and ships are eager to find any wreckage at all. The first ship to get there said they could find no debris in the ocean. No oil spill which you would expect to see as a plane crash down but from 37,000 feet a plane may well disintegrate over a wide area. After 77,000 feet the plane was flying constantly. It had a maintenance check, and in the a320, does it seem the weather was not to blame for this. Listen closely, it does not seem as if survivors were not there and families of those waiting for that flight in cairo are distraught. Everyone trying to piece together, do not jump to conclusions but everything points to something sinister. Maria it really does. We are trying hard not to jump to conclusions but all roads seem to indicate taking us to the same place. We bring you joint Terrorism Task force commissioner and covert operation president mike baker. There is catastrophic failure of the aircraft or catastrophic failure on multiple levels, this landed in four five locations before getting to charleston. Where was security . And everyone has to wonder how a bomb got on the aircraft. This plane had gone beforehand, you wonder if a bomb was brought in in one of those places where the vulnerability was. That is part of the problem with an investigation like this but you have to build it on facts. They are looking in terms of the Security Side of things and possibility of terrorism but looking at the passenger manifest, peeling back all the points were touched down prior to going to cairo, who had access to that plane . They have to follow this process. It is unsatisfying to people because we all fly and want to know what happened. We have flights from years back including egypt air from 17 years ago and still dont know what happened. I have flown egypt air. I say to myself so many of us, now that summer is coming, it is an investigation so you have a solid aircraft and experienced pilots or weather problems but you have been to areas where terrorists have attacked recently and the biggest problem with egypt is they are constantly under attack. After the revolution in 2013, the terrorism, to stop the twitter tourist industry in egypt and the most soughtafter places in terms of the ancient ruins and history of egypt. It will really dagen there handling of it and lack of transparency, former head of the ntsb who worked on investigating the aircraft that went down in 99 and took off from jfk egypt insists it was a mechanical failure, it was the copilot that drove the plane into the sea. Listening to egypts aviation minister talk about this. We are listening to a translation but he used the word vanished flight repeatedly, not crashed which we heard from Francois Hollande. This is not in search of with Leonard Nimoy or a story about the bermuda triangle, this is an airplane crash and they have trouble calling it that at this point. The theories that were thrown out and the way that was talked about, disappeared into thin air. More to the point with that incident we remember how difficult it was to get any support from malaysian authorities. One other factor to keep in mind, it doesnt necessarily have to be an organized terrorist group to be a terrorist act. It could be a lone wolf. There has to be a comprehensive investigation and the totality of information will point in the direction it is. Maria based on what you are hearing so far, witnesses saw fire in the air and the flight goes off radar 30 minutes before it is supposed to land do you think this is terrorism and what do you want to hear from this press conference . We are not getting information from officials. A very important point, the pilot had no chance to give any communication. All of that goes to the direction of a terrorist attack. Dagen the plane swerved, what does that tell us . Decompression of the cabin. Not in aviation expert but you cant read too much from lack of communication from the pilot. The last job is to communicate with folks in the cockpit if there had been a hijacking effort if you had been in the cockpit you would assume the word was out but we dont know. What happened, could have been a catastrophic failure or mechanical failure. I keep going back to the same point, this follows certain processes. Assume there is a hijacking. Iphones and blackberries, something we could ultimately determine if we go back to identify tweets, emails. You brought up an important point about transparency. These events affect their economy. They want to put the word out that there is another terrorist attack. Tourism is down 56 . In the first three month with all 66 from a year ago, number of tourists visiting the country have been cut almost in half in the First Quarter of last year. But again, in dealing with the russian jetliner taken out after it took off, egypt, investigators wont address or call it terrorism, finally at the end of february but western investigators, russian investigators said it was terrorism in november of last year so it is not a coverup but they we met with him a couple years ago. He is a man who understands the danger egypt is in, clearly understands they are under attack. I am not sure it is not a translation issue. This is a guy who understands that we need the support. Their failure to share this critical information endangers all of us. They have to share information. The lack of transparency and lack of experience and capability with personnel or investigating. It is a National Pride issue. That is the problem with malaysia. No interest isnt tourism 80 of their economy . At least 80 . Maria you dont want to rush to conclusions but what we hear from the egyptian aviation minister was nothing. He kept saying it is too early to tell and was not rushing to any judgment whatsoever but as you look at these facts that we have it is suggesting increasingly that there was something. Until we know we dont know yet. That is you have to base looks like any investigation on something solid. You have to release the details. These witnesses tend to be unreliable. The black box will hold the key for all of this. What is the timing on that . When will we get those details . A wild. Once we get them you may not here if it is terrorism or not and that is smart. Maria great to have you on the show. Thank you for joining us. Mike baker staying with us as we continue following the latest development on the meeting egypt air flight. We will be right back. Honey, we do . We need to talk. I took the trash out. I know. And thank you so much for that. I think we should get a Medicare Supplement insurance plan. Right now . [ male announcer ] whether youre new to medicare or not, you may know it only covers about 80 of your part b medical expenses. Its up to you to pay the difference. So think about an aarp Medicare Supplement insurance plan, insured by unitedhealthcare insurance company. Like all standardized Medicare Supplement insurance plans, they help cover some of what medicare doesnt pay and could really save you in outofpocket medical costs. Call now. With a Medicare Supplement plan, youll be able to stay with your doctor. Oh, you know, i love that guy. Mmhmm. [ male announcer ] these types of plans let you visit any doctor or hospital that accepts medicare patients. And there are no networks. You do your pushups today . Prepare to be amazed. [ male announcer ] dont wait. Call today to request your free decision guide and find the aarp Medicare Supplement plan to go the distance with you. Go long. Maria following breaking news, egypt airplane crashing into the Mediterranean Sea. We are monitoring comments from the egyptian aviation minister who is talking out of cairo. He said moments ago that a terror attack or tentacle problem cannot be ruled out. We heard similar comments from french president Francois Hollande that the plane crashed but they did not want to rule out anything and they are being cautious about speculation. There is a lot of speculation on the internet. Air marshals are among the 66 people on board and those three security personnel, 66 total and us officials confirming a navy airplane in the search area, 175 miles north of egypt close to greece, it went off the radar three hours and 50 minutes into the flight. No americans among the passengers, 15 french nationals, two iraqis, one kuwaiti, one saudi, the nationalities on your screen, greek officials are investigating reports on a small greek island that they saw a fire in the sky and some unverified videos circulating on the internet from an Australian Television station, video supposedly shot from the greek island. Investigators are looking at that video trying to verify it authenticity. Sailors from the Greek Merchant Navy saying, quote, that plane in the sky. The search operation is still underway. Several ships in the area, egyptian aviation Officials Saying it vanished after it entered into egyptian airspace but all of the officials we are monitoring live out of cairo saying too early to say if it was technical problem or terror attack, monitoring everything. Maria i want to get your take on this, trying to connect the dots whether this is terrorism in too early to tell. You cant rule it out and have to devote as much resource to the Security Side looking at the terrorist possibility that you do to the mechanical issues related to this. Experts related to particular fields, one of the key issues, looking at access to the plane. Could something have been put on board the plane at one of the locations prior to heading to cairo, that comes down to this issue of understanding who is employed by these various services. To be able to understand who those people are, associations required setting, constant vigilance on the part of that particular locale, that jurisdiction. Dagen they have taken it a step further, they have started raiding airport personnel, their lockers, unexpectedly, going through them, 87,000 airport people who work there, airport employees am a they did a complete security review, dozens of badges. You would hope after what europe has been through that the rest of the countries would follow through on that kind of security, brussels, paris, smaller airports. They dont have the resource. Dagen the European Union. It affects all of us. We are like counties. Dagen the European Union for several years has tried to put together a broad database of passenger traffic and they cant come together as they fight over the security and privacy issue. The archaic legal and political system is not weighted toward security. Is toward civil liberties. Maria we will take a short break, the latest on this investigation into egypt air flight 804, 66 passengers and crew on board. We will be right back. Maria following the latest development in the search for the missing egypt air flight 804 from paris to cairo. The plane vanished from radar, 100 miles from the coast of egypt. Officials are careful not to call this a crash until more information becomes available. They say no debris connected to the missing plane has been found and search efforts are being focused near the greek island of carpe those saying it is too early to rule out terrorism or mechanical failure. Donald trump weighed in on the breaking news tweeted out this morning early on looks like yet another terrorist attack, the airplane departed from paris, when will we get tough, smart and vigilant . He made headlines yesterday when he revealed a list of judges he would nominate to the Supreme Court. Lets talk a bit about that. You saw the list yesterday and it was a lightning list. A lengthy list of judges, most of them on the federal appeals court. That means they are just under the Supreme Court. These are well experienced judges, many clerked for Supreme Court justices from William Rehnquist to thomas to kennedy. The state Supreme Court justice they selected are also outstanding. Many of them appointed by republican governors. If you look at that list it is pretty clear that it is not so much about politics, it is about experience, people who are vested in the law, who have careers in the law and made outstanding names for themselves. What i think is most interesting is denise sykes. We thought was her husband, turned out to be her exhusband was very critical of donald. When donald was running in wisconsin he was one of the biggest critics of donald trump and donald lost wisconsin because the establishment was ganging together. I was going to say good for you, bringing in people who criticized you, that is what donald does. For people who dont know him they dont realize what he does is brings people together. In this case, that is not the case at all given the credentials all of them have, many of them have indicated an antiabortion stance. You have the left out there saying this is the worst crop of judges. Jeff sessions, senator sessions, one of the first to join the trump train, has looked at this, helped him with this list and said he is going to pay someone from that list. More like a selfinflicted wound. It is an easy target for the left, they go okay, not really the most Diverse Group of individuals and there may have been some individuals you could have thrown on the list that would perhaps i am trying to expand the reach out here, trying to enlarge, however you want to put it. Experienced, yes but could have done a little more to deflect the criticism. Liberal judges, hispanic, africanamerican. Talk about minorities, that is an issue, you are not here to satisfy liberals if you are running as a republican and looking for unity from paul ryan and everyone else. This is not the time to do that. Jeff sessions is right on when he says it is where i expected him to go and where he is now going. To criticize the philosophy, right in line with his party. Maria we are watching the latest the element on the missing egypt air jet out of this break, we are waiting more information from officials in egypt as to what send this plane crashing into the Mediterranean Sea, back in a moment. Maria breaking news this morning in egypt. A flight disappears over the Mediterranean Sea. Im maria bartiromo. Thanks for joining us on a jam backpacked day of news. The egypts aviation minister holding a News Conference this morning saying it is too early to rule any possible cause including terrible rich for mechanical failure. Here is what we know at this hour. The flight had 66 passengers and crew, and air marshals on board including one child. Nonof passengers were american. It sent emergency signal two hours after it disappeared from radar. Greek merchants and ship captain reportedly saw there was a fire in the sky suggesting there was an explosion the board. The last images show it made sudden swerves while in egyptian airspace. In asia overnight moves. Big mover the hang seng in hong kong down. We see declines across the board in european markets. Were basically at the lows of the morning. Travel receipt related Companies Getting hit hard. Ft 100 down 1 . Walmart reported its earnings. Walmart is a dow component. The company came out with earnings and it is up 9 in the premarket. This will add more than 30 points to the Dow Jones Industrial average. The retailer reported better than expected firstquarter earnings of 98 cents a share. It was better than the estimate of 88 cents a share. Revenue was also much better than expected. Companys Second Quarter guidance was upbeat. That has certainly taken the market rising up from the lows. Our top story this morning, breaking news. Greek, french, american and egyptian officials actively searching this morning for a missing egypt air flight, ms 804. Believed to crash in the Mediterranean Sea 170 miles from cargo. This is not the first time egyptian air has been involved in situations like this. Blake burman is with us. Reporter frances president said it is their belief this flight crashed. Egypts officials are using the term, this flight has vanished. Egypt air posted a cryptic statement. Pushing back on possibility at the moment for terrorism. Here is what they wrote. Im quoting. Egyptair is denying all misleading Information Published by websites and social Media Channels regarding the disappearance of the egyptair flight 804. The reason for disappearance hasnt been yet confirmed. A little bit different story on both sides of equation. Whether or not this is act of terrorism remains in the forefront for win donald trump tweeting. I am quoting here the looks like yet another terrorist attack. Airplane departed from paris. When will we get tough, smart and vigilant. Great hate and sickness. We have looked into both the airline and the aircraft and there is certainly some history on both ends according to the Aviation Safety Network. For egyptair from 1999, benchmark well use here, there have been four attempted hijacks. The most recent just in march. Two crashes. One off the coast of massachusetts which killed 217 in 1999. As for the airbus a320 there have been multiple highprofile incidents. This was the same aircraft that was used in the germanwings pilot suicide mission. Crashes also killed hundreds in 2014 and 2007. This was also the same kind of plane that is allly sullenberger successfully landed in the hudson river. Were looking completely different scenario over water. Maria, leave you with this. We reached out to several Government Agencies here in d. C. Still no official response, no official word at the federal level here. Maria thank you very much, blake burman. People are very reluctant to draw in the issue of terrorism without further information. I want to bring in home depot cofounder and donald trump supporter ken langone joining us this morning. Nice to see you. Maria what is your take on donald trump making that tweet . Everybody is saying too soon to tell, we dont want to connect the dots, yet all the issues, fire in the sky, suggests an explosion, swerving at last minutes on radar suggest perhaps it is terrorism. However donald trump came out with this tweet this morning. Looks like terrorism. One thing i have learned in last year, dont guess on what the reaction what trump says is. Weve all been wrong, especially the media. Maria youre right. Every single time. Now maria a lot of things he brought up are front and center like immigration, like trade. You go back and look at everything he said and people said, well this is the end of him. His numbers pop up. Any the thing we ought to focus on is level of anger of the American People. You know Something Interesting . This is not a current phenomenon. I had the distinction of being his finance chair 24 years ago. Maria ross perot. Ross, we need more money. Hang up the phone. No begging. No fundraisers. It was found. It was heaven. Ld have been one hell of a president by the way. That is the tragedy of ross perot. Maria what is the comparison, ken . The comparison is, the American People are again saying, were sick and tired of whats going on. Dont you think he is genius in terms of marketing . Trump . Donald trump knows that terrorism is something that he is going to be strong on, that the public reacts to. So when he sees it and tees this up as terrorism, we have to be tougher, get rid of haters just his message continuing through using this as kind of a bootstrap. Let me tell you about donald, if he is not a billionaire, he will be a billionaire after this election. Let me explain why. He is building a very powerful brand. Always has. When he comes to his senses and goes to Terry Lundgren at macys, i like you to sell neckties an pants, and shoes, you name it. There is a lot of believers out there. Remember the the rocks . It was rock in box. Ken, i still have one. Ken, i still have one. [laughter] that was 70s, man. I talked to my pet rork every night before i went to bed. Maria that was brilliant marketing. Talking about the leader of the free world. I hate to of course the one that brings this up. When youre talking about an incident like this, if youre leader of free world you cant leap on social media, it is not appropriate. You have got a lot of people you have to be realistic about this. I was in Law Enforcement 30 years not prejudge. The man is running for president. He knows what it takes to get people wound up. You have to sit in the oval office and do the job. Stop this nonsense of leader of the free world . We need a president in america that is going to address serious issues. I dont always agree with him. Let me tell you as conservative, income inequality, we better fix that. Generational theft. What the hell, i just got my Social Security check the other day, 2700. Up get a Social Security check. Isnt that a disguise . Isnt that a disgrace. Maria youre giving it away. Every month who do you give it to . I give it a charity that works with challenged kids that work at home depot okay . Thats great. My wife gives her to the boys clubs in new york. Point im making, come on. Weve got serious, leader of the free world . [all talking at once] he has a right to say, that may be terrorism. Not saying that. Looks like terrorism. What im saying okay, it looks like terrorism. From investigative point of view you have to look at everything. You dont rule this out. You dont rule that out. All im saying, yes, i understand of course we have Serious Problems here at home. We have Serious Problems overseas. Unless youre willing to cede that, all i do im focusing on home, we have more crisis overseas maria he is trying to protect the borders. Help me out. Help me out. Our president s first responsibility is to the American People. Absolutely. Our safety, our well being, our lives. Quality of life. In shrinking globe that means you have to deal with what is going on around that globe. I dont disagree with you one bit. That said, we have Charity Begins at home. Absolutely. Trump is making some very good points. Why isnt germany, who gets something by our troops in germany, why isnt saudi, all these countries tell you what . Take our kids home. Let them pay something. By the way, here is an example. This euphemistic wall, this wall, we dont need a wall. We can do, i fly a plane back from europe. The minute we get into u. S. Territory, my directv goes on just like that. We have technology to put towers up every 200 miles on the boredder and have censors and put a helicopter every 500 miles and you see somebody coming across. Thats right. All right. We can do it. Maria donald trump was very smart to initially go to borders and immigration. The fact is, immigration and Border Security is probably central to any economy during any election. Who gets to work in this country. Who gets to live in this country. Who gets to participate in the democracy. Did you see bill clintons clip as president what he would do with Illegal Immigrants . Yes. Closing the border. Look, why do you have borders . Why do we have the tsa that was spending billions of dollars on they dont get the job done. You see the mess last week. Because we want to make sure all the waits. Redundancy. These people are not doing their jobs. The point we do that because we want to protect ourselves from bad people coming in. This is sovereign nation. Maria what do you want to see as first poll sieve donald trump . Youre a donald trump supporter now. I know you were backing some ive been on a losing streak, okay, going back to george bush. My last winner, as ira harris said was franklin d. Roosevelts third term. I havent had a winner. Maria what is number one policy you like implemented year one donald trump presidency. Entitlement reform. 71 . Maria have you told him because he doesnt want to change entitlements right now. I havent told doned everything. Maybe he hasnt said he wont do it. You asked me what i would like to see done. The biggest challenge we have as americans figuring out how to live within our means. We can not afford a budget that 71 entitlements and say we cant touch entitlements but well fix the budget. Amen to that. Maria former cofounder of home depot, good to see you, sir. Nice see you. Nice seeing you all. Have a great day. Maria ken langone. Were following development this morning, missing egyptair flight from paris. Searchandrescue operation is underway. Stuart varney weighs in next. Back in a moment. Honey, we do . We need to talk. I took the trash out. I know. And thank you so much for that. I think we should get a Medicare Supplement insurance plan. Right now . [ male announcer ] whether youre new to medicare or not, you may know it only covers about 80 of your part b medical expenses. Its up to you to pay the difference. So think about an aarp Medicare Supplement insurance plan, insured by unitedhealthcare insurance company. Like all standardized Medicare Supplement insurance plans, they help cover some of what medicare doesnt pay and could really save you in outofpocket medical costs. Call now. With a Medicare Supplement plan, youll be able to stay with your doctor. Oh, you know, i love that guy. Mmhmm. [ male announcer ] these types of plans let you visit any doctor or hospital that accepts medicare patients. And there are no networks. You do your pushups today . Prepare to be amazed. [ male announcer ] dont wait. Call today to request your free decision guide and find the aarp Medicare Supplement plan to go the distance with you. Go long. Maria welcome back. Were covering the latest developments on the missing egyptair flight. Stuart varney joining us. We heard from donald trump, stu, raising fresh security concerns from europe. What is your take, stu . My take is all about egypt. Think this incident, terror or otherwise, destablizes egypt further. It is on its back economically and divided politically. I think this worsens the situation which could in turn add to the migrant crisis. If egypts economy collapses, and that is distinct possibility, more people are pushed into the boats crossing mediterranean to go into europe. My first look at egypt, destablized, worsens the migrant crisis. In turn, flatout, i think that helps donald trump. He is the only guy who is talking about what are we going to do in the security situation. Everybody else is tap dancing around it. Nobody say islamic terror. Trump jumps right in and well have a temporary halt of muslims coming to america. Well figure out what is going on. He looks like the guy who has got it at this point. Maria he tweeted out this morning, there was debate whether or not to talk about it so soon into it. The point you raised, dagen, talking about all morning, tourism already down 66 in egypt, dagen. Stuart, in terms of the revenue coming in the first three months of this year, and 66 decline there, the number of tourists going there cut in half. Seems like, and im curious about this, the way egypt deals with these events again, it took until late february for the president to acknowledge that the russian air crash was terrorism. It seems like theyre trying to put off the inevitable of acknowledging what is really going on in that country and it is making the situation worse, not better. Stuart i think so. Putting up fences understandably so, because this kind of event really does hurt them dramatically. Yes, they will put up the fences. I would like to know who is in charge of the investigation. Is it egyptian authorities . Is it european authorities . Who looks into this . I have more confidence in the european authorities, not the egyptian short authorities sorry to say that. That was what happened. It was western officials and russian officials said in mooter of weeks it was terrorism. So you had it in both countries. Stuart, one of the real problems in egypt right now is the enormous impact this is going to have because with loss of tourism, with what happens in the sinai, and then what weve got now is, you have a whole generation of young people, and i was there a couple years ago, they dont have any hope. They dont have jobs. And theyre in bad shape. This is not going to be good for egypt. Stuart i agree entirely, judge. Turn it around a little bit. What does it do to european politics . If this is terror, and i know it is too early to say definitely it is terror but it is dramatic incident, this roils european politics even more. The pen is coming on very strong in france. Austria chancellor resigned two weeks ago because of the migrant crisis. This situation makes things all that much worse. It is a Major Incident with indirect financial repercutions. Maria stuart, wee we see you 15 minutes with Varney Company every morning at 9 00 a. M. We have more about egypt coming up next. I am ready. 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We have new information this morning right now the egypts aviation minister is now saying the possibility of a terrorist attack as the cause of the crash of egyptair flight ms804 is stronger than the possibility of technical failure. Some supreme allied commander at nato, admiral james stavridos is with us. Author the book, the accidental admiral. Were getting new information, admiral, as far as egyptian Officials Saying greek officials, rather, saying they see two objects in the sea. Also lea gabrielle, former navy pilot came out moments ago, said new information it wasnt just the airliner disappearing in the air. In fact we saw it make a turn and then another turn as if suggesting there was a struggle in the cockpit. What is your takeaway on the breaking story, sir . I know, lea. I think her views are pretty accurate. The bottom line, maria, you know this, we dont know yet but i think the movement of the aircraft could be a struggle in the cockpit. It could, it is conceivable it could be a mechanical problem and the pilot is trying to regain control, or is it could be a small explosion of some kind that damages the control mechanism and pilot is trying to gain control. Too soon to tell. I agree with the egyptian minister. I agree with the russian assessment which just came out, that the likelihood of terrorism contributing to this causing it is approaching a higher level every minute. Maria judge janine is with us this morning. You have to believe, judge, they would not have said that if they did not have something else. They must have something else. It is happening very quickly. It was not that long ago they came out and kind of shaky. Were not ruling in, were not ruling out. But that tells us that there is something going on that they know, and i really believe, that people on that plane will have tweeted, emailed and there will be evidence that well find outt of a struggle if indeed the what the swerving was. Maria mike baker, weigh in here. Greek controllers tried to reach the a320 when it crossed greek airspace but they had no response. They tried contact. They didnt get that response. Look, the admiral around others are absolutely correct. Again you have to look at every possibility. The fact that you have this Unusual Movement of and by itself doesnt speak to a terrorism incident, but, very interesting to the judges point, the comment now coming from the egyptian authorities. Theyre parsing their words very carefully. They will not go off in this direction, likelihood of terrorism is stronger than mechanical failure without a reason. So they are sitting on a piece of information right now. Maria admiral, go ahead, what do you think of this . Final word from you, sir . I think there is strategic and geopolitical bit of evidence here, if it is isis, and i think that is more likely than not, egypt is their prime target. They know it is a huge population. They want to go after it. The suspicion that falls to them as a result of the geopolitical piece, added to the other issues i think makes this look like a terrorist incident at this point. Maria they want to terrorize, dagen Dagen Mcdowell theyre attacking the economy, but to to admirals point. He will see sy and overthrow of the Muslim Brotherhood. Great to see you marks maria. Maria and to you. When a moment turns romantic why pause to take a pill . Or stop to find a bathroom . Cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. Tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. Do not take cialis if you take nitrates for chest pain, or adempas for pulmonary hypertension, as it may cause an unsafe drop in blood pressure. Do not drink alcohol in excess. Side effects may include headache, upset stomach, delayed backache or muscle ache. To avoid longterm injury, get medical help right away for an erection lasting more than four hours. If you have any sudden decrease or loss in hearing or vision, or any symptoms of an allergic reaction, stop taking cialis and get medical help right away. Ask your doctor about cialis and a 200 savings card. Maria breaking news this morning. Were just receiving word now. Crews searching for the missing egyptair flight have spotted two floating objects in the sea about 50 miles southeast of where the plane dropped off from radar. I want to thank my panel this morning. Dagen mcdowell, judge jeanine, mike baker, for navigating the breaking news this morning as we continue to learn new details. Varney company is up next. Stuart, as we learn new information, the other comment were getting from officials that the possibility of terrorism is stronger than the possibility of a mechanical failure. They wouldnt say that if they didnt have more info, dont you think, stu . Stuart i agree entirely. It looks more and more like that. Well not say yes it is terror until such time we have confirmation from a legitimate authority. But youre right, maria, it is leaning much in that direction. Is it not . Maria well watch your programing, stu. Stuart maria, good stuff from you. Lets get on to it and down to the brass tacks. Heres what were talking about an egyptair plane down in mediterranean. Terrorism suspected but not confirmed. Political impact very significant, for the mideast, europe and for america as well, political impact. Egypt further destablized. That could worsen the migrant crisis. The flight took off from paris, european politics very much roiled because of this. The plane had just flown to african airports. Their security obviously being questioned. Donald trump . He already tweeted saying it looks like terror. That may be, this may be a political plus for him. All right, lets get latest on exactly what happened, ashley webster. Lets begin. This plane, the egypt air ms804 left paris at 11 09 p. M. Local time. It had 66 on board, 56