Transcripts For FBC Mornings With Maria Bartiromo 20170503

Look at the jobs market this morning leading up to fridays government report. Adp report at 8 15 a. M. Eastern. Expectations call for 175,000 private sector jobs added to the economy last month. Investors bid on the Federal Reserve. No change expected this morning from the feds. In europe, markets under pressure. The ft 100 dumbest part of of a percent of sales to cac quarante in paris. In a show overnight, closesinglequote is, but the shanghai composite edging lower down a quarter of a percent. Two Police Officers shot in chicago. Authorities say they were ambushed. Three people held for questioning. The superintendent address the fundamental issues behind the shooting. Is another example of how dangerous this job is. People take it for granted when Police Officers come to work every day, they put their lives on the line and we have to do something about it. Maria the latest on the investigation this morning. Airlines hope to squeeze more seats on some flights are not meant cutting back on legroom even more. Plus, beyonce coming to your coffee table. Shes releasing a special Edition Box Set for 600 page book with a hefty price tag. Joining me to talk all about it, Fox Business Network Dagen Mcdowell. Recon g of Investment Officer at eps manager kevin kelly. Independent womens boy ceo Heather Higgins but thats very great to see you. Dagen great to see everybody. Welcome back. You are missed, the were kicking all sorts of backside in california. Maria it was good. Hearing Stephen Mnuchin go through the issues on fannie and freddie as well as the economy and this tax plan was quite interesting. I mean, fannie and freddie known as fannie gates has been well talked about in smaller circles now its a broader issue to see what the Previous Administration did with the money, especially to move money around in the health care debate. Maria he admitted it. President obama didnt use money from all agencies including governmentsponsored agencies for obamacare. Today well talk more about the spending bill. Your thoughts . The spending bill is next. Republicans would like to call it a win. Democrats have done a much better job of calling it a win. Part of the reason its a win for the the democrats as all these things were clearly thinks republicans wouldve wanted that are nowhere to be seen. The problem that youve got is this is the sort of spending bill you wouldve had if obama were president and republicans wouldve reluctantly felt they had to go along with. They do not understand how you have the house, senate and presidency and get a spending bill that looks like democrats running. Maria if they had scratcher. Asset management and budget director Mick Mulvaney joining us at the top of 8 00 a. M. The chairman and ceo of revolution are the cofounders ceo of aol in the studio this morning with us. Baxter senior judicial analyst judge Andrew Napolitano is here allow a tennessee congresswoman diane black. And the ceo of go daddy. Com blake irving with ssl. We will take a look at all of that coming up this morning. Kick it off at our top stories are obstacles to overhaul the Nations Health care system. Republicans on the hill scrambling to find those to repeal and replace obamacare after an influential moderate Michigan Republican yesterday, fred did came out against the gop plan fighting preexisting conditions. Watch. I am not at all comfortable with removing that protection. I have supported the practice of not allowing preexisting illnesses to be discriminated against from the very getgo. This amendment torpedoes that and i told leadership i cannot support this bill with this provision in it. Maria speak in the white house rose garden, president chaput pressure on republicans to ask. But listen. I was taught their coming . Hows it going . We are moving along . I think it is time now. They know its time. True to Republican Leaders can only afford to loose 22 of us and pass the bill. 20 lawmakers have said publicly they plan to vote now with even more saying they are undecided. Joining us right now to weigh in on emergency medical. Dirt and the director, your chin at the schwab, good to see you. Your thoughts on preexisting conditions as the battle continues this morning. This is a big game changer. Moving in the right direction which im very excited about. Patients should be very happy about that as well. As far as the preexisting condition, President Trump promised he would be covered in the new bill and rightfully so. You cant control if you are born with one kidney or a congenital bone disorder. On the other hand, patients should be held accountable for their actions. If you smoke, drink, obese, overweight and youre not taking care of yourself to fulfill phonograph country neglect. Overall, preexisting conditions to just argue a doubt if you are born with a medical condition. Weve got to help each other out and serve humanity and cover those people already covered. We cant just discontinue at. Dagen the central issue is not with republicans making changes. It is not whether you will be covered if you have a preexisting condition. It is who is going to pay for it. Is it embedded in the Health Insurance premiums or will it be handled for highrisk pools . In the latest version of this Health Care Bill, between the centrists dont like it, it keeps the regulations, guaranteed issue rating are the issues. But the states can apply for a federal waiver if they pursue other measures. States can receive a waiver if they avail themselves of those 100 billion fund set up for highrisk pools. This is in the wall street journal yesterday appeared just have a handler. I swear that jamaican logo in on latenight tv and talking about his son with a congenital heart defect will move centrist republicans. Very sad story, but it has nothing to do with whats going on in washington. Dagen come u. S. Is going to pay for these preexisting conditions. Thanks to the macarthur amendment, they allow states to have more flexibility but the essential health benefits, which is a very smart move. Maternity care, pediatric care, web services, trips to the er, trips to doctors offices. A 22yearold male College Athlete designate maternity care. That will save money and hopefully reduce costs and allow everyone to have those preexisting. Ill tell you who will pay. The overall consumers. We can see that Health Care Costs are rising pursue previously yearoveryear. The latest read get a 17. 3 of Consumer Spending is on health care. Overall, the entire country will pay for it and it keeps coming up. Thats a 13. 5 reading in 2001. All i can tell you is ive been a doctor and medical training and medical residency for 15 years. All i want to do is take good care of my patience but its hard to do because the financial burden put on them in the inflammatory administrative constraints imposed upon us by the government, by washington and Insurance Companies. Maria one of the Largest Companies act that will scale back its participation in the affordable correct exchanges. They will scale back in 2018 citing projected losses. Theyre losing money left and right could the decision three months after humana was withdrawing completely from exchanges. Prior to this ensures when uncertainty out of washington. Why would an insurance if it doesnt cover preexisting conditions, why would an insurer cover knowing the person has this preexisting condition. Its not about what happens to the insurance industry. To preexisting conditions would be totally covered under this bill. They are presently. Dagen is absolutely right. Do you want this sort of hidden and rising premiums or the individual market . Do you not see spreading across that little boy more use in a highrisk pool which seems to be fair to a lot of people so you dont have high premiums for people. This is part of the challenge in failure but the way obamacare was architected. A tiny part of the population has trouble getting covered because of preexisting conditions. Can we talk politics for just a minute . The reality going on as youve got people positioning themselves for senate runs, trying to look like the person who is tough on us, even though the bill already addresses this. The real challenge the chief god is congress itself isnt covered by obamacare. They got an exemption in 2013. They are technically on it, but it, the daycare subsidies subsidies illegal for anybody else. If trump really wanted leverage, what he would do is announce his administration was an air in the opposite l. Management ruling and said he was see if they would be singing a different tune if it was their premiums unsubsidized that were so high. Maria 4 of the population under the age of 65 would qualify under preexisting conditions. In the original preexisting condition Insurance Plan before the Health Care Overhaul is completely ruled out but a little more than 100,000 people applied for that preexisting conditions Insurance Plan. Roughly 100,000 people we are talking about. Do embed the cost of their premiums up Health Insurance for everybody or get taxpayers to fund it through a highrisk was at the state level . If this issues to do that. Tonight hopefully they will. They will appear right on the Current System is suffocating and drowning. What is happening is the exact opposite to the correct solution to serving our patients in this country. Patients want control over their body, control over Health Care Decisions and they are delaying seeking medical care, which was a worse outcome. Patients go to Urgent Care Centers instead of the emergency room for severe lifethreatening illnesses. Patient recently coming in with strokelike symptoms come as ive said body weakness. I said im going to sydney to the hospital. We need to do a workout. The first thing out of her mouth was dr. , how much is that going to cost . That broke my heart. We have to make changes because this life changing many people right now. Maria thank you for weighing in. We appreciate it, janette nesheiwat. Dr. Janette nesheiwat. Two officers shot in chicago. Police say this was an ambush and holding three people for questioning right now. The latest on the investigation next. Queen bee wants to take over your living room. A limited Edition Box Set complete with a Coffee Table Book and a hefty price tag. Coming your way next. I use whats already inside me to reach my goals. 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Stop trulicity and call your doctor right away if you have symptoms such as itching, rash, or trouble breathing; a lump or swelling in your neck; or severe pain in your stomach area. Serious side effects may include pancreatitis, which can be fatal. Taking trulicity with a sulfonylurea or insulin increases your risk for low blood sugar. Common side effects include nausea, diarrhea, vomiting, decreased appetite and indigestion. Some side effects can lead to dehydration, which may make existing kidney problems worse. With trulicity, i click to activate whats within me. If you want help improving your a1c and blood sugar numbers with a noninsulin option, click to activate your within. Ask your doctor about onceweekly trulicity. Maria welcome back. Breaking news overnight. Two Police Officers wounded after they were ambushed in chicago and shot. Share with us shot. Sure some of the details. Reporter good morning. Chicago Police Question three people after officers were shot and injured on the southwest side. One shot in the arm and had come in the other shot in the back in two vehicles pulled alongside the patrol car and the drivers opened fire. Both officers expected to recover. Already say this was a targeted attack. Two guns in a vehicle have been recovered in the ongoing investigation. Well, mylan has its closest chairman received 100 million in compensation last year according to the wall street journal. This coming despite criticism over the soaring price of the drug makers lifesaving at the penn device last year. Robert kurz pale plaster doesnt include the additional 59 million or Retirement Benefits you receive for his transition for executive chairman to nonemployee chairman. 22. 3 million included 4. 6 million related to three years of use of the company jet or she can still use again over the next three years. Well continue to receive 2 million per year as the cash retainer. House lawmakers warning Top Airline Executives that congress is going to take action if they do not improve customer service. This coming after dr. David dallas dr. Doctrine overbooked United Airline flight last month. Oscar munoz yesterday apologized for the airlines actions. Watch. I am personally sorry for the fact my Immediate Response to the response of our airline was inadequate to that moment. No customer, no individual should never be treated away he was of her. Reporter since that incident, which were watching, which are watching your community has taken steps to reduce overbooking, payments to customers who would give up their seats on overbooked flights to 10,000. Senior executives of southwest, american and the last attended the hearing yesterday. Meanwhile, American Airlines is cutting legroom on their economy seats by two inches to add more seats on the always been in 37 max jetliners which they are ordering. The change would make the first largest u. S. Carrier to offer seating. The new jets will have more than 170 seats compared to the 160 that currently exist on 737. Its a page if you go going from 31 inches down to 29 inches. Finally, the price of beyonces new box said leaving fans of the bad taste in their mouth. A 300dollar made to order a Collectors Edition of her newest album, lemonade. How do make lemonade box that offers a nonfinal and a 600 page Coffee Table Book with never before seen photos are the records will come in 11 colors and are slated to ship this summer. Lets reiterate. 300 bucks. Shes got some pretty loyal fans, but a lot of people think it seems extreme financially for her fans. Maria thank you, cheryl. Take a short break. The iconic Leather Jacket worn by Patrick Swayze. The jacket was on that. What a whopping big one. Well tell you about it. Apple shares slipping today after reporting a iphone sales down last quarter while facebook is set to report after the bell. All the numbers. Back in a minute. 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Especially in my business. With slow internet from the phone company, you cant keep up. Youre stuck, watching spinning wheels and progress bars until someone else scoops your story. Switch to comcast business. With highspeed internet up to 10 gigabits per second. You wouldnt pick a slow race car. Then why settle for slow internet . Comcast business. Built for speed. Built for business. Maria welcome back. Watching apple today. Dr. 1. 5 . The next fiscal earnings after the bell last night. Revenue was a sight as. A surprise decline. Joining us right now is chief executive bob is Chris Cordero with 3. 5 billion in assets under management. You own apple. But as you think of the quarter . Is coming due. It was okay, just okay. The iphone sales being roughly flat. That the tough part of the market. Apple is really an iphone company. Two thirds of their revenue is coming off of iphones. When sales are flat and they cant increase prices, growing despair. One of the biggest issues i see as the international sales. They actually operate in duopoly. Either in andrade for ils and they are not going for ils internationally. China, india, they said it for years and years. They are not delivering. Theyre actually losing traction over there. Is there anything they can do to address that and its that level remove stop . What they are saying is everyone is waiting for the upgrade. The big risk in apple does what if we get to september and youve got the new version of the iphone coming out and it doesnt gain enough traction. They are the premium priced one. Get into the emerging market world and if youve got an iphone come you got a luxury brand. That is somebodys identity if they have. Can they still keep trading on not . If they can, theyll do relatively well. If they lose the premium pricing, thats where theyre going to be in trouble. Maria i like what you said in terms of valuation. 250 million in cash billion maria thats incredible. Strip out a quarter of a trillion dollars or the stock is only trading at 10 times earnings . Yes. Think about apple is one of these heavyweight boxers. Shows up all of a sudden 20 pounds lighter. Shed its cache, it is really a great value stock. I think theyve got the opportunity. Its been that way. They consistently have the cash and it hasnt moved because they havent done what they needed to do. Invest in hulu when they couldve got easy content when that went up for sale. Whether it is buying it is by the arm holdings like softbank did to get blueprints for the next wave. Dagen wouldnt have been a good acquisition because they didnt have that much original content. It wouldve been their future content to make deals. Dagen but hulu is not a content producer. It is not like netflix. It is an aggregator, just like itunes for video content. Are you on it with the studios. Apple tv. Is their whole service business. Theyve got so many people that are apple and mac users that they get increasing they are selling all of their apps are not as greasy revenue. I was the bright spot of the earning revenue. In 18 because theyve got to diversify somewhat. They cant all be iphone. The Largest Company in the world in two thirds is made up of iphone. Thats crazy, isnt it . Maria reports after the close tonight. Its so expensive right now. They would crush them with earnings that i wont put money into it. And mr. Graham is going on their mobile platform getting daily users. 26 times earnings growing at dirty that is cheap in my opinion, one thing we know is they deliver what they said they are going to deliver a major next job of managing expectations. I think we will see slower growth, but it will still be extraordinary growth. Great company, but still too highly priced. Maria where else is the value of the market . 14 . I think financials as regulation decreases and as rates rise, you will see the big money banks are really well. Maria we leave it there. Appreciate it very much. A showdown on capitol hill. The white house blasted democrats are claiming victory with a 20 billion spending bill. Protection of intrusion . The nsa and the hot seat after reports that the the agency collected phone records despite surveillance law changes. The details coming next. Right back here in a moment. Anything worth pursuing requires knowledge, hard work and a plan. At baird, we approach your Wealth Management strategy the same way to create a Financial Plan built to last from generation to generation. Well listen. Well talk. Well plan. Baird. When i received the diagnosis, i knew, whatever it takes, wherever i have to go. Im beating this. Breast Cancer Treatment is continuing to evolve. Ctca is definitely on the cusp of those changes. We really focus on taking the time with each individual patient so they can choose the treatment appropriate for them. I empower women with choices. Its not just picking a surgeon. Its picking the care team, and feeling secure where you are. Visit cancercenter. Com breast Appointments Available now. Maria good wednesday good morning, welcome back, im maria bartiromo, thank you for joining us. May third, 6 30 a. M. On the east coast. Lawmakers will vote today on the federal budget set to fund sill september. There were a lot of people who were absolutely convinced including me that would have a Government Shutdown and i think the message that we are sending is that we are competent and the country is safe in our hands and this goes to proof that. Maria more on the push to avoid a shutdown. Time warner, e earnings 1. 45 a share. Broader markets look like this, futures indicating a lower opening this morning, has a lot to do with apple. Weaker than expected revenue and has the stock down 1 and a half percent. We are getting a look at the jobs market, governments government report will set the tone. Today we are watching gdp, calling for 175,000 privatesector jobs added to the economy last month. Investors waiting on the fed, the Federal Reserve will conclude a twoday meeting and announce a decision on interest rates, no change is expected, by the way. Take a look at the euro zone, 30 and cac quarante in paris and in asia overnight, holidays. New details to ban certain lek Electronic Devices on flights to the United States. The nsa reportedly collecting the phone records of more than 150 million Americans Last year even though the law said not to, the outrage coming up. Shocking footing in kansas to report. A body cam captures saving a brown from drowning. The staggering price tag somebody paid for Patrick Swayze dirty dancing jacket. The house expect today vote today on a trillion dollar spending bill that keeps the lights on till september but a shutdown could be looming down the road. Either elect more republican senators or change the rules now to 51 , our country needs a good shutdown in september to fix the mess, the office and budget director Mick Mulvaney spoke to e labuate on the president s tweet. If we are sitting here trying to prove to people that we are going to change things and figure out things to work and, listen, i would have taken offense at all. It doesnt surprise me of his frustrations. We have a lot to do between now and september. I dont anticipate a shutdown in september but if negotiations, if the democrats arent going to behave any better than they have in the last couple of days, it may be inevitable. Maria we will speak to Mick Mulvaney himself. Steve, great to see you. Great to be with you. Maria really have been joe focused on wellness. We need to reimagine the Health Care System and make it more personalized and more convenient as well as most costeffective and thats going to call innovative and the debate is too much about historically whats happened. We need to think about health care in the third way. Maria you have done that in the third way. You are talking about innovation in the health care industry. The private sector has changed a lot in terms of wellness and longegevity. Now, it takes a next step integrating the internet in seemless ways throughout our life and changing health care and education, even things like food and agriculture, energy, smart cities, they will require a different mind set to be successful in a third way and require more partnerships and also more engagement on some of the policy issues, regulatory issues because all of the sectors in the third ways do have regulations. Maria you have seen a lot over the 30year period on whats happened with technology and health care and policy as well. So next month, President Trump is meeting with some to have biggest names in technology, focusing on the federal government. This is interesting. I want to get your take here. This is part of new initiative, executive order, the American Technology council. What the Silicon Valley do to modernize and be safe. The policymakers, regulatory bodies, the thirdwave issues are complicated, they are nuance, how you strike the balance, keeping drugs that arent going to be safe and food that arent going to be safe off the market. They said, lets take largely handsoff attitude and let it run n. The sectors as we are trying to really drive more innovation, you need to strike the balance from keeping the bad things from happening but also unleashing whats possible in the third way. Maria the tech sector and washington has not worked together well enough. Just look at the fact that privacy issues are there and government wants to get into peoples information, investors trying to protect it, what do you think the Technology Sector needs to do to better help some of the issues that we talk about . I think engage. Engage and try to make sure that we really do have a government that understands whats happening, whats possible with technology and can strike the right balance. Not just Silicon Valley. A lot of great things happening in Silicon Valley. They are great entrepreneurs all over the country, most of the capital goes to a fewer places. Maria what states . California, new york and massachusetts. California only got half of all Venture Capital in the country. When people said wanted part because people are left behind by globalization, we havent funded, we really funded the entrepreneurs on the coast, that has to change. We have to threfl Playing Field so everybody everywhere had a shot. Maria first off, where do you see growth within technology . What industries . Every company is now a tech company. We backed up a restaurant thats really about food but uses technology, about a third of the orders use in peoples smartphones. Operation supply chain and being embedded in every business and we have to think about tech as a sector than enabler thats cutting across every sector. Maria where is Technology Changing the Growth Prospects most in terms of industry . It goes back to health care, one sixth of the economy. A lot of things to make it more convenient, more affordable, more specialized approaches that care. One thing that was scary to talk about is md anderson, when people come to md anderson, 25 of the time they reverse the first opinion. Thats a diagnosis problem. Maria scary problem. Scary problem. A lot more will happen in the third wave and technology will have a more central role in parts of our live and disrupt other sectors of economy but will require a different mind set which is why i wrote the book. Maria the president has been clear of Corporate Tax rate, business tax rate, small owned and operated business, is this going to be helpful to entrepreneurs . Everybody needs to agree that we need to have a simpler tax form and consistent. What the bias should be, i think, on job creation. Most of the jobs are not created by Small Businesses, big businesses, they are created by young startups. Maria how about 15 . Bipartisan way, its call investing in opportunity, if you invest in the rise of city in the middle of the country, preferred capital gain treatments, looking at things like that, how do we fuel the europe entrepreneur across the country maria more this rolling back of regulations, good move . Obviously in general you have to take a look at each sector and figure out what the right balance is on regulation. Yes, congress did pas five years legalize crowd funding, but they are the crowd funding rules the sec put in place. Crowd funding can be used by entrepreneurs in these rise of the cities to get the capital to get started and have a shot and building jobs in those cities, yes, we do need afresh approach to regulation but we need to think about whats necessary in the third wave to continue to lead the way and be the most entrepreneurial nation in the world, its possible but not guarantied. Maria thank you so much. It is called the third wave. A closer look in kansas, Body Cam Captures Police officer pulling boy the safety. Iconic letter jacket worn by patrick is in the books, what a fan paid is up next maria welcome back, markets looking lower, large think pressure coming from apple, dow component and the company is under selling pressure after weaker than expected renew and decline in iphone sales. A couple of names to watch, major shakeup at sc, company replacing ceo. The move coming as announced to cut 8 of workforce. Dickerson will also step down as chairman of the board. We are watching shares of tesla. Analysts are expecting the company to lose money, 82 cents a share is the loss expected. Tesla shares down a quarter of a percent in the premarket. A Top Republican lawmakers says that intelligence leads to imminent threat. Cheryl casone with the details, cheryl. Cheryl representative mike mccaul chairman of House Homeland Security committee, listen. I think most importantly that the war on terror did not end with the death of osama bin laden, there are have been more terror plots against the west since killing since any time since 9 11. Cheryl 198 isis plots against the west including 21 this year, the ban on electronic larger than iphones applies to eight countries in the middle east and in north africa. National Security Agency collected more than 151 million records of phone calls last year, this happened after congress limited ability to connect phone records, the report from the office of National Intelligence was to first to measure the effect of 2015 u. S. Freedom act, that act intended collecting phone records and contacts of people who u. S. Allied intelligence agencies suspect may have ties to terrorists. Well, in topeka, kansas a rescue recorded by the hero himself. The Police Department released video, one officer jump intoed a pond for child with autism. As he was walking towards the boy he saw him fall into the water. Officer quickly jumps in and the child taken to a local hospital to be checked out. By the way, his participants were looking for him exactly the same moment that the officer found that child. Remember this moment . Nobody puts babe in the corner. Cheryl of course, that was Patrick Swayze, 62,500 bucks at auction, bought by a hollywood memorabilia collector as glenn. She had mixed feelings about selling belongs. There you are with the jacket, you lucky lady. I was so jealous, i wanted to go put it on but i couldnt do that. He died from pancreatic cancer, maria, a big percentage of proceeds will go to pancreatic network. Widow doing positive with that money. Maria sure is. Good uis of money use of money there. The details next predictable. The comfort in knowing where things are headed. Because as we live longer. And markets continue to rise and fall. Predictable is one thing you need in retirement to help protect what youve earned and ensure it lasts. Introducing brighthouse financial. A new company established by metlife to specialize in annuities life insurance. Talk to your advisor about a brighter financial future. Then youre a couple. Think of all youll share. Like snoring. Does your bed do that . The dual adjustability of a sleep number bed allows you each to choose the firmness and comfort you want. So every couple can get the best sleep ever. Does your bed do that . For a limited time save 900 1200 on select final clearance beds during our spring clearance event. Maria welcome back, in sports now two and a half weeks ago Boston Celtics isah thomas lost his sister. Jared isaih thomas continues to amaze, sunday got a front tooth knocked out in game one victory for the celtics. Thomas went back to work. Last night should have been shina thomas birthday. He played for her. Scored 40 but unable to get, late for the wiz, the game goes to overtime with celtics outscored wizards winning 129119, two nothing series lead. Thomas scored 53 points, another emotional night. My family, my friends, they told me to just keep going, my sister wouldnt want me to stop. The only thing about it is once i leave this jim, i hit reality and shes not here. So thats the tough part but when im in this arena i can lock in and i know everything i do is for her. Jared first player to break 50 points in the regular season in accommodating playoffs. Warriors and jazz, golden state showed no signs of rust. The warriors win game 10694. One night, one night after Baltimore Oriols adam jones was target of several racist rants, he was back and received this reception from the fenway faithful. [cheers and applause] jared standing ovation before the game. Head coach of the alabama nick owns the richest no single contract, thanks to threeyear contract extension that includes a 4 milliondollar signing bonus, nick will be paid 11. 125 million thrrs now till january 2025, incentive bonuses and theyll be those coming from the successful alabama football coach. Maria yeah. How about this . Jared crimson tide. Maria falcons won the trophy after beating army and navy this year. Jared military Academy Athletes no longer can play two years at the military academy and then jump to pros. Something different for military athletes as opposed to regular student athletes that was part of discussion and politics came up, trump took shots at donor giving to schools and what not and i used to be a donor, i can get whatever i want. Maria dagen, what do you think . Dagen i love that white house is open to all athletes particularly when youre playing in college. Maria big deal. Dagen its a big deal. Maria i think its a big deal and im not in college. Kevin nice to give them accolades and feeds into the rivalry too. You get a trip into the white house when youre playing against the academy. Dagen i wanted to add about isaih thomas, powerful message for him to go on the court and do that after his sisters death on her birthday. Jared he also played the night she passed away. They lost two games, since then boston won six in a row. The celtics turned into a magical moment that has taken place. 53, continues to shine and root for isaih thomas unless you have a real horse in this race dagen that kind of mental focus is really jared all getting locked in the zone. Maria mentally tough, thats for sure. Still ahead, the dark side goes for gold, the pricey memorabilia is that has star wars fans reaching into their pockets big time, back in a moment maria welcome back, good wednesday morning, everybody, thank you so much for joining us. Im maria bartiromo, it is wednesday may third, top stories, 7 00 a. M. On the east coast. Budget bat al on capitol hill rolls on. Democrats claim victory over whats in the current bill. We are breaking it down and we will speak with omb director Mick Mulvaney about that bill coming up. Hillary clinton still playing the blame game when it comes to 2016 loss, watch. But i was on the way to winning until the combination of jim comeys letter on october 28th and russian wikileaks raised doubts in the mind of people who were inclined to vote for me but got scared off. Maria more of her comments and President Trumps reactions coming up. Apple said to be a little bit of a drag on the dow. Technology giant reporting mixed reports last night but unexpected decline in iphone sales is whats weighing on the stock today, stock down almost 2 , thats impacting the Dow Jones Industrial average. You see the dow industrial down and nasdaq down a third of a percent. 16 points lower there. We are getting a first look at the jobs market there. Thats the adp report, thats out at 8 15 a. M. Eastern. Expectations call for a job growth of 175,000 private sector jobs added to the economy last month. We will bring you that number as soon as it hits the tape. The decision comes today after a twoday meeting, no change in rate expected from the fed today. Take a look at the indices throughout the euro zone. The other majors down fractionally. Asia overnight most of the major markets were closed for holiday but china was open. Shanghai composite down a quarter of a percent. Netflix taking action over popular but controversial show 13 reasons why, backlash has been building after many say the show glorifies teen suicide. Details on the new warning coming up. Star wars going glam, jeweler asking 24carat dark vader helmet. Fox business Dagen Mcdowell, recon capital kevin kelly and independent womans voice ceo heather hickens, always a pleasure to see you. Lets talk about whats in the papers, guys, good morning to you and this is the cover of the new york post. Dagen. Dagen vulgar trump rant after the president insults cbs, it is so vulgar that you cant even begin to try and convey what colbert actually said, if it was a different president of latenight host was attacking he would be out of a job. Dagen he would be fired, racist , and by the way, this some of the comments are homophobic. Maria yeah. Dagen the left will not ever say about what colbert say. The left is upset about hate speech, this is hate speech. Maria its like when they say, we want free speech and we want all of this and theyre causing problems at berkeley, refusing any conservative talk and then this. Ignoring what colbert said. It is a double standard. Its always been a double standard, you have exactly the problem on the campuses where you find people dont understand what the First Amendment is and think the First Amendment is a problem if it disagrees with their point of view and its on the left. Liberals are no longer supporting liberalism. Kevin auto sales shrink and you need auto sales to get above. Maria more evidence of what went on in the First Quarter. Kevin its typically the weakest quarter every single year. Maria worst because of the weakness in auto. Kevin it is, completely worse, thats what everybody is worried about. You had the Federal Reserve president of chicago. He specifically said to you, we need to auto sector to do well to get above 3 of gdp. Maria thats right. Dagen fed decision later today. Nothing is going to happen. Maria nothing is going to happen but we also want to hear from them what their senses of the economy and their lack will give us some window of what they think happened in the First Quarter. Dagen possible move in june. The reality is as long as you have uncertainty in washington and what the tax reform is going to look like and this is all dancing around the edges. Maria when you see the First Quarter that you saw a headlines in the auto sector in the paper today, you have to believe the fed is saying, wait a second, lets rethink of three interest hikes in 2017 instead of two. Joining the Conversation Office of management Mick Mulvaney is here is going to set us straight on the spending bill which is being debated today. Judge Andrew Napolitano and ceo of go daddy. Com blake irving. We kick it off right here, the Top Administration is defending trillion dollar deal. President trump tweeting this. The reason for the plan negotiated between the republicans and democrats is that we need 60 votes in the senate which are not there. We either elect more republican senators in 2018 or change the rules now to 51 , our country needs a good shutdown in september to fix the mess. Listen to this. If you want to imagine what a good shutdown will do is fix the town. The one that drives message back home to people that it really was broken and they will trust him, thats what necessary to do to fix washington, d. C. , that would be a good shutdown. This is a change of president and change washington, d. C. If it takes a shutdown, then thats what it takes. Maria joining us right now chief political correspondent, byron york. Good morning, maria. Maria are you expecting a shutdown on friday and will that be a victory for the democrats . No, its going to pass, unlike obamacare this bill actually has to pass for the government not to shut down and members of congress all wanting to home tomorrow. Theyre going to spend 11 days in their district because maria what . Because we all takes 1 days to observe mothers day, theyll be gone and they have to pass this and the interesting thing is what you saw and you can talk to Mick Mulvaney about this, he was animated about this in the White House Briefing room. They were playing catchup because after the bill came out the text was released. 1,665 pages long, democrats really got the upper hand on claiming victory. They were doing a victory dance, republicans were very upset about this, the base is saying, wow, we lost everything, trump lost and so what you saw was a white house full court press claiming that they, indeed, did get their conservative priorities in the bill. Maria the democrats claiming victory. Are you saying this was all pr or do you think actually thedid . Well, they both got some things, clearly the white house we wanted to reduce domestic Discretionary Spending and it was increased. Thats not a victory for the white house. On the other hand, theres a lot more defense spending. If you listen to paul ryan and Mick Mulvaney yesterday, they both said the big victory was ending something call parity where republicans wanted to increase defense spending, they had to increase dollar for dollar domestic spending and thats not happening in this bill. They are claiming that as a big victory. Maria this is the first increase in defense spending, heather, in ten years. It is true that the republicans actually did get something out of this particularly the 21 billion, they are getting rid for elimination of the parity formula essentially and they actually did get some budget increases and things that they actually cared about. They didnt get the cuts and pullbacks that they wanted, they did get the biggest increase in Border Security funding in ten years but thats not a high bar to cross given how low its been. The real issue here is the interesting one is, the shutdown that we are talking about is not for this this particular bilker it is for september and whats really going on is trump is schooling mcconnell and ryan about how to negotiate. We will remember that this time they both said, we will never do a shutdown. Basically in negotiating termination, i terms, i will never walk away. What trump is saying, i dont want a shutdown, but if i have to take a shutdown, thats the worst that can happen. Hes already setting up a different term of debate for when they come back in september after the shortterm budget bill expires so that he has more negotiating leverage and thats really important and the other thing that hes put on the table is the filibuster, that is the great road block that nobody talks about, there are two filibusters in the senate procedure, not just the classic one that everybody thinks about that ends debit and you move to the vote and whether youre going to deliberate more, but the first one that has been misused for the last 30 years to stop having any discussion at all. It has created an artificial 60vote threshold to have deliberation about any bill and if you take that off the table, suddenly all of the stuff that can get through the house, no longer has 60 vote hurdle to at least get to a vote in the senate. That would change the dynamic enormously on all the things that trump wants to do and at some point that is going to become the critical issue because this is a man who wants to win. Maria what about that, byron, maybe the negotiating tactic is a smart one, maybe they should have a shutdown, what are the implications . What heather is talking about fight between trump and the Republican Leadership. It is that republicans always lose Government Shutdowns and in terms of Media Coverage thats pretty much true. Thats been true of everything in the past. Republicans are terrified, terrified of being blamed for some sort of shut down of the government even though its a partial thing, temporary thing and everybody gets paid in the end, but theyre absolutely terrified of doing that. As far as filibuster is concern, trump is running against senate prerogatives and you saw that in the reaction of mitch mcconnell, we decide what to do around here, mr. President , we are not going the change the rules because you want us to. Dagen the democrats knew full and well what they were going to get out of the spending bill and they got ahead of it and they messaged it in a way that resinates certainly with their voting base and then makes the republicans angry. You saw how paul ryan and his ilk try to sell the Health Care Bill and that was an absolute disaster, that was like eighth grade algebra lesson done by the gym teacher. I do think republicans were disappointed with ryans leadership as far as the obamacare bill is concerned. Which we are not talking about this morning but its still going on and they may try to do it soon although there are still apparently just a few votes short, but ryan had always had legendary status among republicans here in washington as a policy wonk, expert on policy but they wondered well, as speaker of the house what can he do in terms of the sheer politics of it and the obamacare bill was not a good sign. Maria yeah. All right, we will leave it there. Byron always a pleasure. Thank you, maria. Maria director of office and management, Mick Mulvaney will join us in the next hour. By the way, has money going to planned parenthood as well as sanctuary cities but not border wall. Well, thats debatable. 1 and a half billion towards defense. Hillary clinton still bitter of loss blaming fbi director james comey, blaming the russians, comments then next. Golden opportunity in tokyo. 24carat gold shell, we will tell you about that, the hefty price coming up next ostriches dont really stick vitheir heads in the sand. Ve horns on their helmets. And a real john deere is actually real affordable. You learn something new everyday. The surprisingly affordable john deere e series tractors. Maria welcome back, president ial adviser Jared Kushner left Key Information off of disclosure form. Cheryl casone with all the details there. Cheryl good morning, maria, the wall street journal found the lack of disclosure after reviewing the documents and speaking to sources, the journal found that kushner fail toddies closed ownership of a real estate starup linked to Goldman Sachs and george soros making three Current Business partners. President soninlaw also didnt mention that hes partner of Real Estate Finance from cater and fail today report a billion in loans for more than 20 different lenders as well as properties and companies that he partly owns as of now. A lawyer for kushner telling the journal, revised documents have been submitted. Well, the controversial netflix show about suicide once again in the spotlight. Dont believe everything you hear. Whatever hana thought she saw, she lied about it on the tapes because shes a crazy drama queen that killed herself for attention. Cheryl the show is called 13 reasons why. Young adult novel of teen suicide, some psychologists backed by selena gomez, carries rating but will add additional warning as extra precaution for those that are about to start viewing the series. Well, chipotle is offering workers a chance to get a business degree, the chain launching an accelerated Degree Program with belt university that will allow to apply on what they learned with lessons in the classroom. The 18month Program Designed around schedule and chipotle not saying how much it will cost, but 5,200 in tuition systems. Taking a look at the stocks, up more than 65 over the past year recovering from all of their concerns last year. A jeweler in tokyo offering a lifesize dark vader mask, its to mark the 40th anniversary of star wars film, you cant wear it, guys, it does weigh 33 pounds, no opening for a head. I would think that somebody that would spend that much money would walk around with it on. Maria yeah. Otherwise what are you going to do with it . Kevin along with the Patrick Swayze jacket. Dagen zero overlap between dirty dancing and star wars, zero, you wouldnt buy both. When you open the front door, theres your gold dark vader helmet. By the way, i saw the original star wars in the theater. Maria you do remember . Dagen i saw it in the theater. Kevin Jared Kushners company had a 50 milliondollar loan with soros. Maria important story. President trump and Russian Vladimir Putin discuss syria. Details on that phone call next. Looking for a job this summer, the top cities for job seekers t what if technology gave us the power to turn this enemy into an ally . Microsoft and its partners are using smart traps to capture mosquitoes and sequence their dna to fight disease. There are over 100 million pieces of dna in every sample. With the microsoft cloud, we can analyze the data faster than ever before. If we can detect new viruses before they spread, we may someday prevent outbreaks before they begin. We cut the price of trades to give investors even more value. And at 4. 95, you can trade with a clear advantage. Fidelity, where smarter investors will always be. And at 4. 95, you can trade with a clear advantage. At angies list, we believe there are certain things you can count on, like what goes down doesnt always come back up. [ toilet flushes ] so when you need a plumber, you can count on us to help you find the right person for the job. Discover all the ways we can help at angies list. Your insurance on time. Tap one little bumper, and up go your rates. What good is having insurance if you get punished for using it . News flash nobodys perfect. For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. Switch and you could save 509 on auto insurance. Call for a free quote today. Liberty stands with you™ Liberty Mutual insurance. The election on october 27th, i would be your president. I was on the way to winning until a combination of james comeys letter on october 28th and russian wikileaks raised doubts in the minds of people who were incline to vote for me but got scared off. Maria that was Hillary Clinton blaming fbi director james comey as well as wikileaks for loss to donald trump last year. A women to Women International event in new york yesterday. Mrs. Clinton comments on capitol hill and President Trump took to twitter responding. Fbi director james comey was the best thing that happened in Hillary Clinton in that he gave her a free pass of bad deeds. Perhaps trump just ran a good campaign, this echos what trump told me last month. Dont forget when james comey came out he saved Hillary Clinton, people dont realized that. He saved her life. Director comey was very, very good to Hillary Clinton, that i can tell you. If he werent, she would be right now going to trial. Maria of course, what Hillary Clinton said yesterday, if the election were held on the 27th of october, then she would have actually won. [laughter] kevin yeah, Kellyanne Conways tweets, you ignored wisconsin, called deplorables, lost to a better candidate and she was like from a woman in the white house. Ultimate dig. Look at that. Kellyanne nailed it. Theres so many things that clinton is ignoring which is fine by republicans because this is only going to hurt democrats and help republicans. Maria joining me associate dean of admissions at yale law school, asha, good to see you, asha, thank you so much for joining us. Thank you so much for having me. Maria what do you think . Well, she lost the election. I think it makes sense that her team is going to be a postmortem and trying to find out where they went wrong and trying to find the gaps and blame other factors, what i do think though that the fbi is also doing certain amount of postmortem after the election as well because in making those statements both in july on the ongoing clinton investigation or the decision not to prosecute clinton for the investigation and the letter in october, the fbi was actually deviating from pretty strict protocols to not comment on investigations close to an election and it has property protocols to make sure that are insulated from allegations of political bias and objective of law enforcementy agency. The irony here is that i believe that director comey wasnt acting for partisan motives. I think that he actually was seeing those polls and thought clinton would win and i think he was trying to protect the fbi and didnt want after the election for the fbi to be accused of sitting on information that would have potentially influenced how people voted and so its he miscalculated and in doing that he basically opened up the fbi to the very criticism that he tried to prevent. Maria right. We all lived it and watched it in realtime, of course, here as we covered the election, dagen, very closely, but i wonder what this says about where the democratic is right now, i want to get your taisk on this, lets face it, she had a private server in the basement that was the underlying issue that people were unnerved about, the Clinton Foundation and all of its connections around that, there was an fbi investigation into Hillary Clinton and then theres the fact that she really didnt have an economic message which, you know, trumps economic message resinated. Dagen and theyre still trying to con women in believing that she didnt get elected because of misogyny. She is an anchor and until the Democratic Party figures that out, because she is leading the charge in terms of victim chic where every woman is a victim is a victim and cant show strength in the face of defeat. She couldnt face her ardent supporters until they figured that out until gender politics, they are doom today lose and doom today fail. Maria what does this say about the party, admission of the lack of economic messaging in her campaign and other issues. Dagen people who supported Bernie Sanders who didnt want to get behind her because she was a lousy candidate and wellknown liar, they do know their needs to be a change and they want they want that, but again, its the its the leadership of the Democratic Party. Its tom perez any different than Debbie Wasserman schultz . The curse of the Democratic Party is centralized. Youve got a Leadership Structure there that controls the money, that controls, theres the party with the super delegates who can sort of, there maybe a Popular Uprising but you dont have a prayer if youre a democrat to get that through and until the upper of the Democratic Party decide that they have a problem, theyre not going to be confronting the reality that dagen is outlining so well. Maria we were all coming in, all the super delegates, they are all in for hillary. The numbers are showing a different story. You werent buying it, i know that. President trump and Vladimir Putin spoke for the first time yesterday since syrian air strike. President trump and putin agree that the syria suffering in syria has gone on too long and to begin cease fire talks and President Trump will meet in germany, the u. S. Brings controversial Missile System in the south, what do you make of that asha . Well, i think that the readout of that conversation didnt seem to meet the substantially alter the relationship between u. S. And russia since our strike against the Assad Air Base in early april. Theres still a lot of tension there. The russians still believe that strike was in violation of International Law and in the background we have this investigation going on into russian interference in our election and potential russian contact with associates of the Trump Campaign and thats causing tension as well. Its not going to go away any time soon. So i think that, you know, the conversation didnt tank and it didnt go in a negative direction but i think it made a modest step in a direction on the syrian issue. Maria all right, we will leave it there, asha, good to see you. Thank you. Maria battle in Lone Star State of sanctuary still, texas bill who could punish officials who do not comply with federal immigration laws. Plus starbucks unveiling a whole new frapu cj in. Maria good wednesday morning. Take you so much for joining us. It is wednesday may 3. Your top stories right now 7 30 a. M. Sinks were cities under fire. The move is highlighting the escalating debate on the border. Apprehensions avenue illegal criminals are down significantly. We need more to keep moving forward. Earnings once again. Both earnings and revenue. The markets are not so positive. Take a look. Theyre down to ten points. Its one of the weak spots there. We are getting the first look at the job market today. The report is due out in about 45 minutes. It calls for job creation of 125,000 for the last month. Investors are also waiting on the Federal Reserve. No decision is expected. They will conclude that today meeting today. After real evidence of weakness in the First Quarter. We will hear from them about 2 00 p. M. Eastern. Take a look. Its done a quarter of 1 . In asia overnight its pretty much across the board with the exception of china. Most of the major averages closed for the holiday. It was down one quarter of 1 . The eagles go after a Mexican Hotel. Over trademark infringement. Looking for a job its all about where you live. They are not number one. We are counting down the best the city to find the best job this morning. As the tale of two coffees. Dunkin donuts uses its own frozen treat. One toddlers joy write right going viral. The child laughing it up after like it himself in the car. Is he taunting the cops. We turn right now to the battle of the sanctuary cities. Imploring governor greg abbott. That would eliminate sanctuary cities. The Texas Governor laid out the penalties on sunday morning futures with me. We passed a bill now they been advocating for. It can expose them to very high fines. It can expose them to jail time. It can also subject the county or city to legal action in the event that they release someone or adopt a century city policy. Judge, this issue is getting tougher and tougher. Will it be the stiffest century city law in the land. The reason i say that there are parts of it of about four or five years ago. It was validated by a federal judge. Most of the validation was upheld by the Supreme Court of the United States. The theory being that it is a federal issue they had coopted the field. In the states may not legislate in areas that are at odds with the weight way they want to enforce immigration. Can it punish its own employees for failures to imply kidney order employees against their will organs the policy. The answer is no. The Supreme Court is very clear on this. The seats are independent and they dont work for the federal government. Can they send thousands more federal agents into a city to enforce federal law. The issue here is not can they enforce it. Can they make it. The Supreme Court has said no. The texas proposal that Governor Abbott told you about the other day is unique and creative in the fact that it is the state telling its employees you well at our expense enforce a federal law. That is perfectly lawful. I dont about putting people in jail the federal court well probably interfere with that. But in terms of when they want the local police to help enforce federal law is the state of texas said you should do it. They said you should do it. The federal government can withhold money then. Heres how it works. If the state says you cant do it. The state is enforcing doesnt that give more weight to the government saying were withholding. They can withhold money on this specific targeted programs within the legislation say that theyre they are tied to receiving federal money. But not overall. The money that the states are not receiving which ticket one blue it did not attach the strings to the receipt of the money. The trump trumpet ministration could then terminate or interfere with the cash flow until the locals comply. They have an opportunity early this week. Between now and september to put the strings on money going to cities. That looks like it was written by mrs. Pelosi. They have every opportunity. And because this is in court they will say what congress have a chance in me to legislate this way. And they didnt do it. So attorney general sessions, where is your authority for holding back money to century citys. The answer is nowhere. Sounds good but doesnt legally actually hold. The theory is the federal government cannot two coop and take over portions of the state. Thank you so much. Coming up its not such a lovely place for the Hotel California. The same name of their song. This teller takes a joy ride. What powers the digital world. Communication. Thats why a cutting Edge University counts on centurylink to keep their global campus connected. And why a Pro Football Team chose us to deliver fiberenabled broadband to more than 65,000 fans. And why a leading car brand counts on us to keep their Dealer Network streamlined and nimble. Businesses count on communication, and communication counts on centurylink. Ostriches dont really stick their heads in the sand. A peanut is not a nut. And a real john deere. Is actua you learn something new every day. The surprisingly affordable john deere e series tractors. Now you can own americas tractor for just 99 dollars a month. Learn more at your john deere dealer. To make of Famous Rock Group not taking it easy. Cheryl is here with the details. Good morning again. The owners of the Hotel California a gearing up for a lawsuit filed against them by just the eagles. The band that rose to fame in the 70s has accused a Mexican Hotel of using the name of their hit song without permission. The hotel gives the impression that guests are staying at the place that inspired the sun. They promote themselves as legendary and his merchandise is keeping with the title. So one of the best cities to get a job. The top five metro areas are here. They were chosen from job market favorability. As social media continues to mourn the loss of the starbucks uniform frappuccino they are really not a replacement today. Say hello to the midnight mint mocha frappuccino. They are mourning the loss of the coffee collado to make that. It is a frozen coffee. Its available on may 18 today that you can get a free taste of it. And finally, a parent nightmare teamed out to be playtime. Firefighters arrived. And they have a great time watching the firefighters come to his rescue. Her son was clearly traumatized by the entire ordeal. And those are your headlights. Coming up millenials are not embracing the stock market lately. The details are coming up next. 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Pradaxa may increase your bleeding risk if youre 75 or older, have kidney problems, stomach ulcers, a bleeding condition, or take certain medicines. Side effects can include indigestion, stomach pain, upset or burning. Ask your doctor about pradaxa and its reversal treatment available nationwide. The details are coming up next. Welcome back. Our are millenials missing the boat. Nearly half of millenials say that investing is too risky and in another survey from bank rate. Com. They said they own stock. Just wanted three. Why are they avoiding morning dash make owning stock for the longterm. What you think is behind the fact that they are reluctant to get into the stock market. I think its a lack of understanding of how the market works and its also a lack of knowledge on what do they need to do. They dont really understand whats at risk here. What about the idea that they simply had not made a lot of money yet. If youre just worried about living paycheck to paycheck and roared about paying the rent why would you consider putting money in the market. I think we as it baby boomers and traditionalists understand with investing the sooner you start the better youll be. When you get started in your 20s it really does allow your money to grow. When you get started in your 20s it really does allow your money to grow. I agree with that kevin. You can actually pay down debt. I think millenials are shackled by Student Loans and Credit Card Debt. They tell you to spend spend. In millenials dont look at the apr and they dont understand the compound interest and then you have that. Its one of the big challenges that you will have with millenials. They really believe that everything should work out immediately for them so theres the longterm challenge. And the second problem that i think you might be looking at if you are a Company Selling investments is that they dont believe that bad things should happen to them. Youve artie seen litter dash make Liberty Mutual because they have accident forgiveness. Thats really appealing to millenials but how do you see the investment world responding to these tensions with the reality of investing. I definitely think. For the Investment Companies out there and i think i think its a matter of educating. How money grows and how it works. It is a matter of having a twoway conversation with really explaining and educating. Hasnt that always been the case though. Maybe the millenials are going to be more successful at saving and investing because they understand through their parents experiences during the housing crisis and their own student debt and Credit Card Debt the danger of taking on too much debt. I think they are seen it firsthand. As parents start to struggle to find a how to make ends meet. I think the biggest thing for millenials is that they have to take action take on the extra job. The increase lifestyle disclosure come has increased. One of the biggest things they should focus on is that there probably actually i can have a retirement given the fact that they are paying into Social Security and they will never see that. My niece started her first job first thing you need to do is put money into the 4o1k. It reduces your taxable income. Thats one of the reasons you want to do that. Thats one of the greatest strategies. Beyond the 401k youve all this debt. Your shackled by debt. Theyve all of these Student Loans and the costs keep going up. There are penalties for them if they dont actually strive to the health care. They feel like theyre getting the short end of the stick a lot of times. They do want some of this accident forgiveness. They have lived through a time in their life where the market has not done well. Chris, final word from you. They cant delegate their financial future. They cant count on Social Security to take care of them. Thus the reason for the four 01k and not forget the ira. If im talking to millenials. Start to plug in to the 401k you are responsible for your own financial future. Good advice. Thank you so much. I will speak with budget director Mick Mulvaney. We are going to get into the details on that bill we are back in a minute. And markets continue to rise and fall. Predictable is one thing you need in retirement to help protect what youve earned and ensure it lasts. Introducing brighthouse financial. A new company established by metlife to specialize in annuities life insurance. Talk to your advisor about a brighter financial future. At angies list, we believe there are certain things you can count on, like what goes down doesnt always come back up. [ toilet flushes ] so when you need a plumber, you can count on us to help you find the right person for the job. Discover all the ways we can help at angies list. Because your home is where our heart is. Maria good wednesday morning thanks so much for being here welcome back. Im maria bartiromo. It is wednesday, may 3 your top stories 8 00 a. M. On the east coast, Health Care Reform hangs in the balance this morning, House Republicans are struggling to secure enough votes to pass the current bill, very latest on that, plus the budget battle omb director Nick Mulvaney taking to podium at yesterdays briefing targeting democrats. The president delivered on his promises got his priorities funded that is what the democrats dont want you to know they want you to think they won, but they dont want you to know the American People won here, about because the president simply negotiated this. Maria i will speak with Nick Mulvaney this morning live stay with us send me a tweet in terms of those of most important questions you want mulvaney to answer earnings setting the tone apple a drag on dow industrials take a look down almost 1 , the Technology Giant reporting mixed results unexpected decline, in iphone assess what is weighing on stock i should point out this is well off the lows of the morning on apple. It had been down almost the 2 , Broader Market, market came back a bit off the lows here dow industrials expected down 10 points, 12 points, the opening of trading, waiting on jobs market data we are waiting on first look at jobs market leading up to fridays government report, the adp report due out 15 minutes we will get numbers to you as soon as they hit the tape expectations call for jobs, of 175,000, created added to the the economy last month, investors waiting on Federal Reserve, the fed decision, happens this afternoon no change in rates is expected, this is the conclusion two ofday meeting know Janet Yellen Press Conference in europe take a look major necessity down a quarterly of a percent or less on average asia overnight a lot of holsdz most markets closed for holiday the shanghai composite, china was open that edged lower quarter of a per he cent lower. Showdown on expect a hill the house is expected to vote day on a trilliondollar spending bill to fund the government through september. A shutdown could be looming down the road, President Trump tweeted yesterday either electric more republican senators in 2018 or change the rules now, to 51 , our country needs a good shutdown in september to fix this mess bring in Office Management and budget director nick mull vein. Dagen sir good to see you. Thank you for joining us. Thank you again for having me. What about that that President Trump said we need a shutdown may be we need a shutdown. What i think you saw yesterday in that tweet was the frustration that the president has, that i share that a lot of people share, over how broken the spending process is in washington, d. C. , we call appropriations previous supposed to pass 12ing Appropriations Bills, a year, we dont do that, at best we pass one altogether, giant omnibus by means of the end of the year, massive people dont get a chance to go through there is a lousy way to run a country. And i think that is what you saw yesterday the president says, in his midnighted is r if it takes shutdown in september to drive that home well have that discussion in september, good news though that we are not having one day the president is able to negotiate deal with democrats last couple weeks to get a funding bill for 2017 sounds like house will o vote on that today. Maybe but the truth is, Nick Mulvaney people are upset they are watching the fact that republicansr in charge of the house in charge of the senate and the presidency and, yet, doesnt seem like anything is getting done, i mean, you wanted a decline in domestic spending a an increase in he domestic spending more for board wool got 1 1 2 blown dollars democrats saying they blocked the stage to block all president s agenda for years to come was this a pr move or actually happening . Do you get rolled over again . The democrat i got to give them dread pr better than ours 24 hours i did the press conference yetted to sort of set the record straight the president got more money for defense, more money for Border Security more money, for school choice, he did that would it adding to the deficit, that is the exact same conference you and i had in march rolled out bludgeon you blueprint priorities in march the president s priorities during the campaign, it is what we got funded yesterday. So the president delivered on his promises, the democrats dont want you to know that is they cut a deal with him allowed him to do that. Maria okay. But you know youve got new missiles ammunition facility upgrades new aircraft funded by i get that, but you are getting money going to he planned parenthood, youve got money continues to go towards s sanctuary cities how do you explain is that. Planned parenthood take that one for example, we sat down actually talked to prolife leaders around the country on the hill, off the hill, folks back home said look, there is a chance to vote to defunded planned parenthood this week just wasnt on the spending bill it is on the Health Care Bill if house would vote for the Health Care Bill, before say saturday that is the way to send a message you are prolife because that is the place that you can actually cut off planned parenthood funding so that opportunity exists, we just didnt do it as part of the funding bill. Maria a lot of people this morning have been commenting on this bill we had judge Andrew Napolitano earlier say this bill looks like written by nancy pelosi. And people feel like, conservatives are not in on this not going to vote why what are you expecting from this vote. First of all, a couple things to judge keep in lined, in lost in the discussion we actually have to have some democrat support you have to have 60 votes in the senate, to fund the government, under the current rules, you saw the president tweet about changing that rule to 51 talk about that in a second if you want to, but you are going to have to give the democrats, a Little Something in order to get 8 votes in the senate for the fact that we were able to get all our priorities funded, and build the wall at the same time, that was a tremendous victory for the president and a victory for folks back home, regarding what we expect on vote we expect vote to pass democrat and republican vote, both chambers today and tomorrow. You do you think democrats panted to see a shutdown so they could blame sfloopz one thing i know that is one thing i know for sure they were desperate, for a shut don wanted to make it looked like we could not govern one of the reasons you saw them demanding that we make obamacare payments, they hope that we wouldnt give in on that, so that that we wouldnt give in on that shut the government down actually we didnt give in on that still didnt shut government down if government shut down we know how to narrative goes republicans would have been blamed it is what Chuck Schumer and nancy blowsis wanting the most it wove drovn donald trump cant govern we confoundeded them on that yesterday that is why you see them doing a pr blitz to make it looked like theyrun a president negotiated a great deal. Ing specification that republicans cant govern is persisting the Health Care Bill obviously hasnt gotten across finish line we dont know when tax reform is going to start, you to me, people are worried about this bill, how are you going to communicate that, you know, House Republicans in general, can govern after these years of being in thank you know in minority . Sure, well i mean look at this week, there is a chance this week we have a government funding bill that funds our priorities. It is a wall built on southern border more money for we talked about this week passed out of the house on health care good things about that this morning there has been developments moderates maybe coming around to support bill in the house you may see vote as early as saturday there pretty good week for a president who supposedly in minds of some cant govern that is a lot of governing in couple of days tax reform is not going to be done next week nobody expects that you know that you dont do tax reform comprehensive tax reform in economy this size a couple weeks but we have starting that discussion, we are walking and chewing gum at the same time, and my guzzles is if we do a show saturdayor sunday might ge pretty good week for administration. Health care reform bill you feel, confident that this is going to get through this week you think . House republicans are struggling to secure the votes, right the to pass current bill whirls say they remain confident but you are still shy on the votes do you think we will see a breakthrough this week then. I think they are real close hearing this morning congressman upton from michigan has an idea, on how to sort of address some of the issues he see in those the bill, with with preexisting conditions i dont share those concerns i republican freds position former chairman of the committee that has oversight over health care on the hill, so he has the right to check in on the bill we welcome his input if you have got ideas that would be acceptable to everybody else how to fix that in his mind that may be the lynchpin to get moderates to support bill as well you may we overwhelming support by the end of the week. Then what happens once with overwhelming support for the bill in the house. They it is saturday Morning Television program, right a bill only a bill sitting on capitol hill to senate, senate will pass something entirely different they will go to conference try hammer out differences, president will participate in that, and we believe sign the bill veto, remember the show we are all that old, i guess. I like schoolhouse rock i am glad you brought it up floo the way it is supposed to work not supposed to be precooked deals that done in back rooms supposed to be in the open let lawmakers make some law let the president participate in the process, that oned knows the end we might receipt a really, really good piece of legislation. You want a really good piece of legislation unfortunately in this day and age of Constant Media attention infrequents under investigation xhooks strategy per as welcome i guess what i am asking director mulvaney what are you doing do do about resistance what are you going to do about the fact that publicly, the perception seems to be that President Trump is being stopped at every turn, you look at immigration situation, the federal judges trying is to stop his executive order doing is to, and then the resistance within the republican party. If you go too much, in what the Freedom Caucus want you alienate,what are you going to do to make your base feel you are getting a things done. We are going to do exactly what we did on funding bill do that again and again and that is move the ball, in the right direction. You think he everything out of funding bill no again you are not going to get everything you want as republican when you have to get 8 votes, out of the Senate Democrats but we moved the ball right direction going to do that on this funding bill going to do it on Health Care Going to do it on taxes simply going to keep wenge how we send a message the president can govern made the right choice make electing him president going to serve roll extraordinarily well doing to do what we do which is try and fix the country. Maria what are you learning in this process thature going to do differently in the next budget for 2018 come september. That is a really good question, keep in mind that 17 budget not a budget but spending bill we just did was a bonus for us, that shofb president obamas money that should have been his budget he was incable of passing a bill back in september, to fund the government for the entire s 17 fiscal year we are in right now ends in september sort of a bite at apple for us we should not have been able o to get that everything we got here a bonus the 18 budget discussions begin tomorrow we will talk about instead of starting with a you bipartisan bill start with a republican bill, in the house, and we will try and fashion a bill with much more acceptable to the Republican Base everywhere to try and put our mark on that house bill before it goes to the senate so we will prenegotiate, excuse me a bipartisan bill, that is how we can get our message across what our real priorities are, you see more money for mr. Border security more money for fence same things talked about involved in the process earlier in 2018 i think a critical step right direction. Maria so are you, setting things up, this time around, for the next negotiates come september . Well is it discussions about 2018 budget have already started, we revealed unveiled blueprint in march so things are already ongoing. Maria we leave it there we will be watching Nick Mulvaney good to have you on the program this morning, thanks very much we will see you soon sluggish iphone sales a bite out of apples bottom line the earnings coming up,internships, the new Study Reveals best paying internships for any student looking for a job you want to hear this, back in a minute. We can make it better why pause a spontaneous moment . Cialis for daily use treats ed and the urinary symptoms of bph. Tell your doctor about your 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 this may cause an unsafe drop in blood pressure. Do not drink alcohol in excess. To avoid longterm injury, get medical help right away for an erection lasting more than four hours. If you have a sudden decrease or loss of hearing or vision, or an allergic reaction, stop taking cialis and get medical help right away. Ask your doctor about cialis. Well backbreaking news treasury second mnuchin speaking at independent Community Bankers of American Fund in washington listen to this is. Really around major tax reform regulatory relief renegotiating trade deals when president got into office he signed several executive orders, instructing us to look at the Financial Services industry, on regulation, weve been hard at work first report will come out in june. We will be making a series of recommendations to the president some of those recommendations will be things that it be regulators can i do some done by executive order some of those things things that need legislation let me just say weve reached out a process where in doing this i think we have had 18 focus groups so he far as many as 50 to 100 people. In each of them i know we have included committee bankers in that process, we are soliciting advice one thing about this administration the president is very willing to listen. You may not agree with everything he will make his own decisions after recommendations but he is very open to listen, and he is encouraged us whether it is at treasury or white house have people in so we can hear the best ideas. Thank you. Speaking of that february 3rd executive order, and the study, are there any any anticipated recommendations you expected to hear you can perhaps these share with you us or that you wir bedrock recommendations might come out of this report. I think it would be premature for me to comment on any of the specifics before it comes out, let me just say some of the things that we are focused on some of the things weve heard one of the things is we want to make sure that banks have the ability to lend and make loans. [applause]. You know your clients. We believe, including regulation let me be very clear banks that take fdic insurance should be highly regulated and should not protect payers at risk on the other hand you all perform a very important function in your communities knowing how to make loans we need to make sure that there is consistency across the regulators that bankers understand what rules are so they can adhere to them that small and medium sized businesses have access to capital. That is something that is very important to us. Thank you. Secretary, being a former Community Banker yourself, you know firsthand, the burden, and dead weight loss caused by onerous regulations and how they divert bankers from focusing on customer and community needs. Many Community Bankers involved in mortgage financing serve unique needs of local communities, unfortunately, they are concerned that the plethora of additional regulation on mortgage lending will not allow them to customize their loans results in constriction of credit to otherwise worthy borrowers can you share with what you say best can be done to bankers can reasonably preserve relationship banking and mortgage lending. Sure let me comment because this is an area that i have a lot of experience in. I like to say there are certain parents i have a lot of experience in certain parts i have no experience in i am not embarrassed when i think i know something to talk about it i am not embarrassed to learn. So if we were talking about iranian sanctions would i say this is something i got a ph. D in, in the last several months when you talk bermortgages for better or for worse i have been in Mortgage Business 30 years, i have talked about the need for Housing Finance reform, were looking very seriously at the issues with fannie mae and freddie mac we are also looking at fha, which expanded criteria significantly. But you know,i would say, again in mortgages i have seen the best of the he Mortgage Business and i have seen the worst of he Mortgage Business. We purchased a bank from the fdic, that probably had about one of the worst if not worst morning business that existed we saw problems with that servicing business that took years and years and years to work out. So clearly, we cannot let occur what occurred of about. No lending 98, 9 to people have no able to to pay loans. We never can allow that to occur again. He on the other hand i think weve got to be careful not to go the other extreme, that we go so far in the other extreme that when there are people that are good credits, that can pay loans, that they have access to Mortgage Capital. And this is this is one of the things we are looking at, r our. Thank you. Let me turn to Housing Finance reform, that is a major issue and has been for quite sometime. What can you share about your goals for Housing Finance reform . So you know, again, this is something the trader has very different role in we have a large line of credit. To fannie and freddie. It is also something that has said i am working very closely with hud i want to be careful we dont solve fannie or freddie issue to only find out we have an fha issue, in moving risk from one area to the other. Housing reform i have said we need housing reform i dont think it would be responsible to leave fannie and freddie out there next four years we need to figure out how to reform that, on the one hand i think it is very important that we have ample liquidity for mornings in the United States with the 30 year morning. So having securitization, having ample Mortgage Capital is something that is very important to us. On the other extreme we want to make sure that we dont put the taxpayers at risk. So again, we are our priorities for the moment are regulatory issues our priorities are tax reform, this is something that we have begun to have discussions on, it will be a bigger focus for the second half of the year, but, again, our strategy will be to reach out to a lot of different groups take in a lot of input then make a recommendation to the president as to what a we think the solution is. And have you been talking with the house, and senate leadership, and appropriate committees we have. But, again, you know i would say this has been at a high level. Just because our initially focus has been as i mentioned regulatory issues and taxes. Talking about taxes, that is a good segue into another very top priority of the administration. And that will be major role for treasury, obviously. The United States has some of the highest marginal tax rates in the world i know you want to make the United States tax system more fetch and competitive. Community banks pay taxes, in various forms, Many Community banks pay the corporate about income tax but about a third of Community Banks are organized as subchapter S Corporations can you highlight some Administration Priorities on corporate and individual income tax reform. Sure. Thank you. Again i had the opportunity to work with the president on his economic policies for the last year. And tax reform is right up there, about is one of the most important issues for him. Our principles for tax reform on personal side simplify the personal tax system, it is way too complicated we would like most americans to be able to file personal taxes on what i call a large postcard, and should be relatively simple to do we also want to provide a no income tax contract. On no income taxing cut on business side we have one with of the highest business tax rates there is we have a system of taxing on worldwide income, we have a system of deferral not a surprise that our companies have left trillions of dollars offshore. So our objective to create a competitive system bring that money back onshore, where it will be invested, to purchase capital, and create jobs, and one of the things that we have commented on and i refer to this as a a business tax as opposed to a Corporate Tax or a passthrough tax, we want to make sure that small and medium sized businesses have the benefit of the business tax but we also [applause]. We are also committed that people who are in the high evident personal tax rate shouldnt be able to use passthroughs or other vehicles to avoid paying taxes on wages, so this is something we will be working with details on, but something that we are very committed to. Do you have any can you share with us any kind of notion that what you think the timeline on tax reform would be . You know, i originally said that i was hopeful we would get tax reform done before the august recess, at the time, i said it was aggressive i i guess you would say even more aggressive now. I decided i am not going to give any other specific date. Other than saying, like to do this as soon as possible, we are meeting regularly with loip in house and senate i think we agree on fundamental principles, we probably agree upon, 80 of the details we got the last 20 to figure out. And we are committed to trying to get this done fast, so i am hopeful that this gets done this year. I think it is important to the economy, this gets done this year, but i have decided i wont predict a future date. Initially secretary mnuchin said august then came back said this year kevin kelley with us this morning what do you make of mnuchins comments. I think indicative of what is happening right now in washington, no one wants to look there they are going on another vacation they have all priorities from health care, to tax reform, and here even saying hopefully, we can get it done this year that scares me when he says i i hopefully, we can get it done this year that means next year no one is working at all on any of this that is a big problem if they want to get above a 3 gdp they have promised ran on they need to figure that out car sales are going down consumers are not spending, this is a big deal. Maria yeah, the interview with me on monday secretary mnuchin dagen did use the word retroactive. So he said, we are hoping it is retroactive to 17 i have been skeptical about. Dagen if they do it between now and december 31 would be retroactive to january 1, administration is doing a terrific job putting people out there you talk to Mick Mulvaney this morning giving interviews talking, talking, talking messaging needs to be better they need to all be on same page communicate a unified message to the American People. In a very specific way, i think get Kellyanne Conway on the case. Maria along with commentary quick on adp better than expected. Primarily Services Good didnt have to could with Manufacturing Bureau economy is 66 services did well who knows if that is fridays job number about that worked out last mouch. No movement on markets adp number a short break weve got more on this coming back, stay with us. Maria weapon back, good wednesday morning. Thanks so much for joining us. Im maria bartiromo. It is wednesday, may 3, here are top stories 8 30 a. M. On the east coast, Health Care Battle raging on capitol hill republicans scrambling to get votes needed to pass latest bill by the end of the week office of management budget director Nick Mulvaney spoke with me earlier in the hour said this. That is the way it is supposed to work these are not supposed to be precooked deals done in back rooms they are supposed to be out in open let lawmakers make law let president participate in the process, who knows . At the end we might get a really, really good piece of legislation. The health care over battle of the budget lawmakers vote on federal budget to fund the go to through end of september not without controversy more on push to avoid a shutdown coming up earnings once again story on wall street apple set to be a drag on the dow, the Technology Giant mixed results latter night unexpected decline in iphone sales that is weighing on the stock down 1 , that is weighing on dow industrials. Broader action selling pressure, in Broader Market nsa degree down a quarter of a percent adp better than coupled private payrolls up 177,000 month of april, investors are waiting on Federal Reserve at 2 15 pm eastern time we hear from the performanceenhancing drug, and no change in rates is expected janet yellen will not have a press conference, and most people are not expecting any move from this meeting, in Europe Markets under pressure this morning take a look the eurozone averages where ft 100 done a quarter of a percent cac quarante also lower, in asia overnight, a lot of holidays most major markets closed for holiday, china was ep shanghai composite edged lower, quarter of a percent lower top story this half hour house Republican Leaders working overtime to win votes for the Health Care Bill, before Congress Goes on recess the end of the week blake burman police at the white house now with the very latest blake good morning to you. Reporter good morning to you as well white house officials reiterate to go me this morning they still remain confident, that the could get passed through house i am told throughout the week here as they still feel that they are just a handful of votes shy, major player is starting emerge fred upton of michigan a moderate said yesterday he would vote no for the bill as it stands however as budget director Nick Mulvaney told you a while ago, it is upton could potentially put a new amendment to this bill, that could lead to a breakthrough take a look a listen to mull van wry. By end of the this week we have something passed out of house on health care we have heard good things about that this morning there has been developments moderates may be coming around to support bill in the house may see a vote as early as saturday there. Reporter former president barack obama gave tweeted out his First Response to this, in over a month, maria you probably seen that viral video of jimmy kimmel monologue monday night 12 minutes that was dedicated to the birth of his son his son with a heart defect and surgery followed after that kimmel vouching for the need to cover preexisting conditions, and former president obama tweeted out the following, quote, well said jimmy that is exactly why we fought so hard for the aca, why we need to protect it for kids like billy, and congratulations, so former president it is this issue of preexisting conditions that republicans are trying to hash out here, and as you heard there, from Nick Mulvaney maybe comes in the form of this new amendment from congressman upton. Tennessee congressman rentals nurse thanks for joining us. Great to be with you. Reaction to what you are hearing this morning. This is has been an issue for the last couple weeks and we know that this is very important, to all of or i members so getting the language right, wherever every won feels comfortable we all want to be insure that preexisting conditions are covered, it is just getting the language right, so everyone is totally comfortable we have put several measures in there with backup measures, but still have not gotten us to the point that we have the vote. Maria language meaning, should the states carry some of the burden . Well the states will carry the burden, and in the management of excuse me in amendment that we had just last week, it is very clear, in there, that the states will have that ability to be able to have at risk pools that will allow people with preexisting conditions to be in those pools, and in those cases, that will be blind where they wouldnt realize they are in that pool they will be treated the same as everyone else, just the manner in which Insurance Companies handle that case there are lot of backup points it has not he completely satisfied everyone to the point ready to vote for it. If there is flu language to do that lets take a look at it lets get this yob done. Dagen congresswoman it is Dagen Mcdowell as you change that language to appease centrists like colleagues upton said as it stands will not vote for this bill you risk alienating Freedom Caucus members a loselose for you i think we get to that at the end of the day sometimes a couple words in language to give people assurance that what they feel is really necessary, is going to be there for them, and i will say, that making law is like making sausage doesnt look very good doing it tastes pretty good when done. Are you working with senate as well there are talks going backandforth so if house does something not seeing a holdup on the other side . I am not involved with that discussion with the senate but i know that our leaders are. And they are ready in the senate i am told to take up our bill, pretty much keep it the way it is with some maybe additions here or there, but there have been discussions backandforth between house and the senate. Tloubl have been discussions the whole question of reconciliation the challenge not including provisions that are going to be problematic to that threshold in the byicht richestd test do you think there is a message issue instead of calling it risk pool we called it the guaranteed preexisting condition protection fund, explaining what it is that it actually does, that we might in fact make some headway in terms of having people understand, that all republicans want to make sure that nobody with a preexisting condition is unable to get insurance that is affordable. You know, i think you bring up a really good point, many times here on have hill we use words phrases that are not familiar to every day households, so if we can say things more in a lexicon that helps people to feel comfortable with what were doing i think we need to do much, much more of that. Maria so you think it is a communication issue then. I think that is part of our problem, is that we dont communicate as well, we get here, within the walls of congress, we Talk Languages maybe in the industry are known but when the every day person and i try to could that when i do my clips back to the district to make sure that i am explaining every day household terms, chienls before i came to Congress Many of these terms were not familiar to me either. Explain the budget for us the house is expected to vote on trilliondollar spending bill, to form a government through september a future shut down a possibility President Trump tweeted this more republican senators 2018 or change rules now to 51 country needs a good shutdown in september to fix this mess. What is your take, on this spending bill given the fact that a lot of conservatives are upset right now, given the the fact that, you know, it lo rolled over the republicans again, budgetary director Mike Mulvaney joined me earlier here is what a he said about this. What i think you saw yesterday in that tweet was frustration that the president has, that i share, that a lot of people share, over how o broken the spending process is, in washington, d. C. , what we call appropriations process, there they are supposed to pass 12 Appropriations Bills a year we dont do that at best pass one altogether giant omnibus bills the end of the year, massive people dont get chance to go through there is a lousy way to run a country. And i think that is what you saw yesterday, the president says, in his mind that he is right we need to fix that and if it takes shutdown in september to drive that home then we will have that discussion in september. Are you disappointed with this bill . Well let me just say this first of all, i am the budget chairman so let me make this clear, this is not the budget the budget is what we put out, and vote on a top line dollar what is going on now is called the appropriations process, where they take that top line dollar that we give to them, anding appropriators in 12 different areas put those on a line do line items this is not budget this is a appropriation process i know that is confusing, but i wanted to make that clear. It is i think Mick Mulvaney has talked about it is not a perfect process if we were doing it the way it should be done we would be voting on bills individually one by one throughout the year we wouldnt wait and put them altogether this is not the way it was meant to be. And part of that is because it is very difficult to send something over to the senate, when they need 60 votes, rather than just 51 so you cant put all the conservative measures you want in there because you are always constantly looking at, what do you have to do to negotiate, to make sure that you get the votes in the senate. And it is broken, i wish that the senate would fix their process, so that we could do it with a simply majority, and do it without having to worry about the filibuster. Good to see you thanks for weighing in this morning. You are very welcome thank you for having me. Congressman diane black joining Us College Students might want to make friends with facebook the company passed list of best paying alternativeships. Knock out First Quarter for the future of the business, and technology back in a moment. With the most precise data at their fingertips. Because safety is never being satisfied. And always working to be better. I am totally blind. I lost my sight in afghanistan. If youre totally blind, you may also be struggling with non24. Calling 8448442424. Or visit my24info. Com. Whoa,i just had to push one button to join. Its like im in the office with you, even though im here. Its almost like the Virtual Reality of business communications. No, its reality. Intuitive one touch Video Conferencing is a reality. And now its included at no additional cost with vonage business. Call now and see why 3,000 companies a month are switching to vonage. Business grade. People friendly. Maria welcome back, 45 minutes away from the opening bell for a wednesday, markets fractionally lower this morning, couple names on the move, yum brands First Quarter earnings this morning earnings 65 cents a share, above expectations but revenue a beat as a result that stock is uppium shares jumped 15 this year. We are also watching fitbit to report firstquarter results after the bell tonight Analysts Expect a loss of 18 cents a share, fitbit shares fallen nearly 07 since last year stock is down to 5. 18 a share. For the second time in week u. S. Air force test launched another long range Ballistic Missile into pacific this morning, cheryl casone. Cheryl the air force sends minuteman launched from Vandenburg Air force base in california by team from montana this coming addenda north korea attempted a missile test but failed, Officials Say launch was planned years in advance nothing to do with north Korea Air Force keeps 450 minute men 3 intercontinental ballistic miss israel across three bases in Montana North Dakota wyoming. Chicago Police Questioning 3 people two officers wounded on south side happened last night a Police Spokesperson says the officers were targeted in unmarked car two vehicles pulled up someone opened fire with what police say appears to be a high powered weapon, one officer was shot in the arm, and hit the other shot in the back, both though are expected to recover summer interns, you want to intern at Facebook Trust me a new survey facebook interns highest paid in the nation make on average 8,000 dollars a month. Just to give you context more than average American Worker makes per month they the amazing perks housing free food, Free Transportation and free week end events, here is the other Tech Companies stack up comenz facebook internships microsoft interns get 7100 bucks a month, sales force pays 64 a, amazon apple tied 6400 dollars per month. I think i should resign now . [laughter] great, i mean internship salaries. I didnt make a dime for internship. Nothing. I remember when i was intern, tons of times just work for free you wanted to do that you wanted your foot in the door. To get. I did it, as did all of us. Exactly i highlighting how competitive it is for talent especially in technology, i mean fighting over one of the biggest things dangle is stock and the Stock Options you get i mean i know people that paid nours based on amazon stock they dont get paid a lot of money but because they have got options. I dont know pay down debt. Critical way for Technology Companies they brag, mercilessly about paying women same amount they pay men welcome sorely underrepresented a quarter of female technical employees at apple women facebook the adjournal, gender bias accusations by engineers they need more women in the car. Couldeding, stem slarpz. Through internship absolutely a strong start of 2017 for godaddy ceo of Web Hosting Company will break down First Quarter earnings give a peek at what is next for godaddy, back in a moment. Webb hosting Company Godaddy known for ads better than expected First Quarterly results the ceo godaddy. Com thanks so much for joining us. Hi thanks for having me. Characterize the quarter where was growth. Solid i think we put up solid quarters consistently growth that this quarter was a combination of Customer Growth strong around 7 , and average revenue per user growth around 6 from international United States consistent worldwide across produced line. Produced line has obviously been one of the issues people are talking about in terms of where growth comes from next can you give is a sense of where you see the growth in the internet in general in technology, and how godaddy will participate . Well so he there are that was two different ways the Companies Make money on internet the advertising base businesspeople monetize a large audience so you facebook or google as example, that big brands trying to reach those customers, they are going to actually, charge an advertisers for reaching out, there is a subscription business characterize advertising can be ebb and flow depending how ad expend spending is going one of the first things cut in tough economy the subscribe business relies on a direct from a Small Business for us and average customer between one and five employees that business has renewal component and new customer component the renewal component is just about how many customers actually stay with us every year, our renewal was above 85 per year, a very Large Customer base so our cohorts continue to subscribe with us year after year after year, new customers as well this year new Customer Growth this quarter new Customer Growth above what we expected slightly, then we had a strong we grew 6 on entire Customer Base around 15 million customers now globally. So you are expanding announced acquisition of rival host europe group, what are the expansion goals in europe, how do those deals fit into where you are going here . Yeah, well, we primarily have been organic grower so everything that we have done really we had a couple tuckins, freedom voices as example a tuckin introduced smart line product a second phone line for smart tone android or ios that is a Small Company under 100 employees, great technology, so is exactly like that except in the security area for web site web hosting security where they secure a web site with really advanced technology with Incredible Team of folks around the world. And that was would i say a tuckin as well technology we are not in today hetchg one of the he largest competitors in europe 1. 7 million customers amazing Leadership Team 1100 employees in europe, so it really gave us i call it headquarters in European Market in uk and germany we were growing nicely organically in germany but seven employees we had done a lot with brand done a lot with i think Innovative Advertising our product and platform is global so when we do something anywhere it goes around the world. And so heg gives is opportunity to layer the products we have been building last four or five years ago on top of hegs Customer Base, and also allows us to have a go to market team there, that knows market well the uk, in germany entire region an opportunity for continued expanded growth. What is most important issue you are watching in terms of growth levels what is most important in terms of looking out for the next five years . I know, i think, our customer really kind of comes down to how you are serving the customer our customer as i said earlier very Small Businesses, solo, one employee to up five employees sometimes a little bit bigger our sweet spot for tiny folks, that are trying to figure out how to take their idea, and turn it into something that can sustain their family or prevent them from being out of work if they get laid off building a suite of products that allows people to look big on the internet a back office, that is what we do, and everything that we do over the course of the next you know five years is going to be about doing that, not just in europe but globally for customers in u. S. , asia, europe south america. Do you have thoughts on the president s tax cut plan where he wants to make the owned and operated businesses passthrough Small Companies as you are talking about your sweet spot he wants them to have 15 business tax rate. Look, anything that i think makes the environment more about favorable for small startups entrepreneurs trying to fight the good fight work for themselves, anything that helps them, i think is great. Frankly, you know, i look at some of the some of theing Bigger Company issues i think there is some pretty good things some of the tax reform that the president is talking about there as well. All right we leave it there great to have you on Program Thanks so much. Thanks. We will be right back. Were on to you, diabetes. Times up, insufficient prenatal care. And administrative paperwork. Your days of drowning people are numbered. Same goes for you, budget overruns. And rising costs, wipe that smile off your face. Were coming for you, too. For those who wont rest until the world is healthier, neither will we. Optum. How well gets done. Iand youre taking warfarin, you have the choice of a different kind of blood thinner. 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