Earnings. Michael kors go shopping. The retailer will acquire jimmy choo for 1. 2 billion. Big deal in retail. A mixed opening for broader average. Dow industrial opened a 20point. Nasdaq in negative territory. Take a look in germany. Investors eyeing a report on Business Sentiment that hit a record high. One half of 1 . In asia overnight, artist and the flatline as you see there very much fractional move. Korea was the big mover down one half of 1 . Justin bieber says sorry to his fans. While the singer can serve the remaining dates on his tour. Journey to talk about it, fox business upper dagen mcdowell, Jon Hilsenrath of real killer Politics National political reporter, Caitlin Harry burns is here. Great to see you. Dagen amnesty appeared maria amnesty appeared dagen great to see you. I was searching the data listening to the coverage when i was driving around southern virginia. Listening to the Democrat News network. It is amazing how all of these other media outlet cover the president and russia and the scandals and can he self pardon . That was like a talking point and they dont talk about anything. It never comes out. Wages, economy, job creation, nothing. Commanders today that im watching. A lot of talk about john mccain and obamacare. Caterpillar earnings coming out today is an important read on the Global Economy. The numbers are supposed to be pretty good. Thats why the stock market is going. In the last year, caterpillar has problems. All of their cranes and what have you in china and construction markets down there. What are you expecting now . Were starting to see a pickup in the First Quarter and analysts see more of it. Alexa chinas turn it around a little bit. Ive been suspicious, but it looks like they are picking up a little. Maria im glad you mentioned now. An important one to watch in an indication of the overall economy. Dupont on the screen beating expectations in terms of revenue. Woo away for earnings as well. Michael cores acquiring jimmy choo. Fox news military analyst Jackie Nisbet says. Top university, admiral james apparatuses here. The International Trade to the u. K. We have fox joins us in the White House Legislative Affairs is here. Plus, ceo and cofounder max budget is with us to talk about his recent and best man and offer up among others if we look at internet coming out. Senate health care showdown. Arizona senator john mccain returning to capitol hill after recently being diagnosed with an aggressive form of brain cancer. Taking part in a crucial vote to open debate on legislation to roll back obamacare. Gop leaders work for support ahead of the plan. President trump turned out to heat at the white house during white house during his speech giving boy scouts in West Virginia last night. Not even health and Human Services secretary tom price was in me and the president fire. Watch. The question for every senator, democrat or republican is whether they will side with obamacare architects, which have been so destructive to our country or with its forgotten victims. Any senator who votes against starting debate is telling americans that you are fine with the obamacare nightmare, which is what it is. Secretary tom price is also here. Either way, are you going to get the votes . He better get done. He better get done. Otherwise ill say tom, you are fired. Maria wow, john mccain comes back today. Tell us what you think about this. How important is the vote . It is critical. This means every single vote he can get. No room for error after senator collins of maine will proceed and rand paul as if fee as well as some others. Im not sure that the president putting this kind of pressure is going to make a difference, though. Senators opposed to this so far or who are reluctant to support getting on this bill are thinking about their constituents in their respective states. That is what they are hearing back home. His constituents. All those people who wanted to comment and shake up washington. He is speaking more to them than the folks in washington. With others throughout the campaign an earlier this year where he separated himself from the party in some ways. Right, exactly. It remains to be seen. The vote is very tight. The fact john mccain suggests to me that they think they are close enough to have this goahead. Dagen i dont know how you can be a gop senator and not at least vote to proceed to debate on this. It is beyond comprehension that you have so many years to at least move the football foreword. I know that one of the stumbling blocks that they are not sure what exactly to move to debate, then what theyre like a debating. Is it just a pure repeal, replacement bill . They should all step up to at least have the bank on this. I dont know how you can argue otherwise. Good on the president for hammering the senators. These gop lawmakers on this very thing. They have to run on that. At the viewpoint to the problem, dont they embarrassed themselves that they say will have debate that we dont know what we are debating on. Maria we dont really know what though we are voting on because it could be a straight up repeal or it could be tweets to what we saw on the defendant initially. Delete the current version of the senate bill, something the wall street editorial page shows they just wanted more money, more money, more money and theyve gotten it. The Stability Fund to shore up the Obamacare Exchanges roughly double to 132 billion plus 45 billion in opioid addiction funding. How much more money do they want . They still wont step up to debate. Is anything fundamentally change . They repeal obamacare in her place in the a lot like obamacare. Whoever doesnt vote on that, they will have the legacy of telling constituents i allowed obamacare to continue to function or dysfunction. The whole debate is my test of governance. Republicans need to show they are able to govern having the majority in the house and senate and now the white house. The white house was supposed to be the final puzzle piece for seven years, but a lot of them find it harder and harder to take away something arty ingrained in law. Does trump get hurt if republicans cant move a bill in the senate . And if he isnt hurt, the democrat and a couple years, is he able to work with them better than his own party . I dont think theres any to work with this president. I do think what youre seeing out the speech last night and you see him tonight, trying to create some distance between himself and then and also in the midterms, voters take out whatever against the party in power. You will see that directed. When you look at polling, they direct their frustrations. Dagen time for these republican senators to step up and shut up. I imagine the question the last two weeks. Does this gop want the president to be successful . I dont know the answer. We have democrats, republicans and trump. Its not clear to me if they stumble on obamacare that its really going to hurt him. Maria he is headed now to the bluecollar city of youngstown, ohio. One of the states that expanded medicaid coverage under obamacare with governor john kasich. Senate republican efforts to repeal the law. What you see in terms of this today . I hope he comes out swinging out because of john kasich and rob portman. They are spending american taxpayers money recklessly. They are incapable of growing actin Medicaid Expansion that they accepted. Regardless of how much money they take from national taxpayers, never going to be enough for them. He can point out something journalists pointing out about the budget in the state of ohio. About 43 of that goes to medicaid. 14 goes to k12 medication. Think about priorities whos still bitter about not getting it. Thats the thing. Still bitterness on the part of these guys. They refuse to work. Ill push back on something you said. This bill, as flawed as it is, the second version of the want in the senate does try to seriously and deeply cutting major entitlement or at least cut the growth of that. But again, that is a tsunami. Medicaid, medicare and social security, least they are trying to do something. This is an important first step. Use a word that is hard for republicans. What they need to do is reform. But they are talking about is changing the way medicaid were. When you say cut medicaid dagen they are cutting the growth in spending. That is fine. Dagen if the gop governors want more control, buddy, youre going to get it in this bill. Maria we are fired up this morning. We will come back. Illegal immigrants. He did not know people in the back of a tractortrailer. He didnt know. 10 people died after being overheated in a semi truck. Details of the federal charges coming as they next. Michael kors fires judy chu. The price tag coming up next. Just 4. 95. We cut the price of trades to give investors even more value. And at 4. 95, you can trade with a clear advantage. Fidelity, where smarter investors will always be. And at 4. 95, you can trade with a clear advantage. Buttrust angies list to help. , [ barks ] visit angieslist. Com today. Casper makes one perfect supportive and comfortable. Premium foam layers. Breathable for airflow. Perfect rebound, plus perfect lift. Pick your size, you get 100 nights to test it out. Test the layers, be a layer, casper. People would ask me that we traveled,ntries what is your nationality and i would always answer hispanic. So when i got my ancestry dna results it was a shocker. Im from all nations. It puts a hunger in your heart to want to know more. When this bell rings. It starts a chain reaction. Thats heard throughout the connected business world. At t Network Security helps protect business, from the largest Financial Markets to the smallest transactions, by sensing cyberattacks in near real time and automatically deploying countermeasures. Keeping the world of business connected and protected. Thats the power of and. Times up, insufficient were on prenatal care. Es. 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. Maria welcome back. The tractor were charged after 12 immigrants died in an alleged human smuggling operation. Cheryl casone with the story. Dagen good morning, maria. Charging six euros James Matthew bradley junior was transporting immigrants to the United States illegally after allegedly allowed 10 people to bake to death inside his trailer truck on sunday. According to prosecutors, the san antonio walmart, they found eight people dead inside. At least 30 others in critical condition. All of this happening in the rear of the taylor trout. Bradley said he did not know he was transporting people. They describe taking turns breathing trouble on the side of the trailer for air. If did come he could face the death penalty. Fashion that he met michael kors set to acquire jimmy choo for 1. 2 billion. The wall street journal this morning with handbags of competition and a lot of that is amazon offering discounts in may. We should say the Company Began 125 stores or theres the stock stock in the freemarket right there. Trading up a little more than 1. 35. Shares of jimmy choo in europe are trading higher this morning as well. Lets stay in the earnings you got Second Quarter earnings coming in fast and furious to United Technology, caterpillar, 3m, dupont come mcdonalds sad to report before the bell. Weaker earnings today amid a slowdown in u. S. Auto still coming after strong numbers from alphabet. The company says advertising growth continuing to expand 52 in the Second Quarter. There are the numbers we got for alphabet stocks to watch as well. Numbers beating expectations. Earnings per share 5. A lot of Big Companies reporting. We will follow that. President trump just redid theirs. Attorney general Jeff Sessions has taken a week position on Hillary Clinton crying. Where are the emails in dnc servers and makers. The president treated this a moment ago. I dont know what to say about this. Obviously, he is trying to push Jeff Sessions out your it looks a lot like that. It is so hard to tell what the president if he woke up in a bad mood or is assigned that is ready to move to an attorney general. They want the russia set to go away. Still upset for recusing himself to which mercedes shouldve done and that should have led to the appointment. Maria he got bullied. Jeff sessions, we talk about all the time has been loyal to this president as an early supporter. When you look at what the cabinet is doing, hes able to carry out the president s agenda on immigration and a host of other issues. Hes been doing what he was told to do. Hes been more successful than other cabinet members. Exactly. Its really striking when he taken in the aggregate. Dagen clearly this is on the president s mind. Clearly he is chronically irritated by what happened with Jeff Sessions and at some point based on reading between the lines of the language, what is sessions day last week . Ill stay in his position as long as appropriate. You have stories about his names being floated about potentially in giuliani, senator cruz. But again, you have to think about sessions what this long history in the senate and the administration. Which is really a big positive to have Jeff Sessions in his cabinet. And yet he gave up a very good senate seat. He was the first senator to support President Trump. You have to ask yourself if youre someone the president is considering for the job. You want the spotlight on you in the risk of the president calling you out for the next decision you make on russia. When the administration is trying to focus more on the agenda in getting things Like Health Care and tax reform, when you have things like this that distracts the whole entire thing. If you were to fire Jeff Sessions, that was create a full firestorm he doesnt need. He should go away. Start by not talking about it. If he gets rid of sessions that said this week. Dagen Jeff Sessions leaves that job, it will not play out. It will be he cant have anymore and would step down. It is reaching a fever pitch. The more heat on sessions. And why isnt he focused on the Hillary Clintons situation . Why are they on such different planks . What may be on the same page as the Hillary Clinton stuff . He is treating out aji sessions did not focus on Hillary Clinton lies. I was a strong tree. Well take a short break paper short break paper we come back, the german car industry under fire for collusion. Dw bmw and volkswagen. Is it too late to say sorry to Justin Bieber fans . He canceled the remaining dates on his tour. Millions of dollars he may have left on the table. Coming up, back in a minute. When i received the diagnosis, i knew at that exact moment, whatever it takes, wherever i have to go. Im beating this. My main focus was to find a team of doctors that work together. When a patient comes to ctca, theyre meeting a team of physicians that specialize in the management of cancer. Breast Cancer Treatment is continuing to evolve. And i would say that ctca is definitely on the cusp of those changes. Patients can be overwhelmed. We really focus on taking the time with each individual patient so they can choose the treatment appropriate for them. The care that ctca brings is the kind of care ive wanted for my patients. Being able to spend time with them, have a whole team to look after them is fantastic. I empower women with choices. Its not just picking a surgeon. Its picking the care team, and feeling secure where you are. Surround yourself with the team of Breast Cancer experts at Cancer Treatment centers of america. Visit cancercenter. Com breast Appointments Available now. Maria welcome back. President trump treating a lot. Heres what he saying moments ago. The problem is the acting head of the fbi and the person in charge of the hillary investigation at 700,000 from hillary for his wife. So he is talking about Hillary Clinton off this morning. The president. When the republican debates more than a year ago you would want for a dated. Thats right. He did say that. German automakers colluding on pricing and technology. Tracee carrasco with all the details. At morning. Bmw include audi and porridge facing allegations of collusion. According to a german newsmagazine start in the 90s, the german otto makers coordinated on vehicle technologies and strategies as well as Mission Control in engines are the automakers may have two limit the size of the tanks holding a solution used to reduce vehicle emissions of harmful nitrogen oxide. The European Union has begun investing the teams to see whether the antitrust violations. Vw has scheduled an extraordinary coordination on wednesday. Shares of vw tumbled immediately following the report by the somewhat recovered. Big story there. That will affect sales. I dont think you will peer volkswagen in 2016 surpass toyota for volume sales. They had that big incident several years back where they had the Illegal Software and had to pay several billions of dollars in fines, i believe eight executives. I dont think it will affect sales. Despite all of that. Dagen the only scandal at the not only scandal at the not a make only scandal with a nod to make her that her sales is if you are hurting or killing people essentially, lake of fire safety issues that you can not and it gets blown out of proportion and gets covered more aggressively than something financial related. Maria we will leave it there. Thank you. Whats going on with the dollar . Really effective this season. Its actually good news for a lot of companies. Earnings overseas are translating into more at home that helps export. Whats going on, whats behind that is the rest of the world is on a stronger footing. Europe so much so that the ecb is starting to roll back stimulus in the economy and people put their money into europe. Maria is more the strength of the euro. Best performing stock market this year for italy and spain. Talking about those going down the tubes and on the stock markets rallying. Tranter really quickly, another story we can talk about coming out this volatility. It is at or near record low. The wall street journal reporting wall street journal reporting a big investor has stepped up to place a major bat, more than a quarter billion dollars on research and volatility. So whos right. Turning to is that what is really betting on . Exactly. Does not fix itself is easily manipulated if someone comes in . Maria could point. We will take a break. The houses up to vote on u. S. Sanctions bill. What it could mean for President Trumps relations with latin america. A chipotle in virginia, how the Fast Food Company is battling the latest situation straight ahead. When you have something you love, you want to protect it. At legalzoom, our network of attorneys can help you every step of the way. With an estate plan including wills or a living trust that grows along with you and your family. Legalzoom. Legal help is here. Maria welcome back. Good tuesday morning. Im Maria Bartiromo, it is tuesday july 25th, top stories right now 6 30 a. M. On the east coast. Russia takes center stage. Lawmakers are expected to vote on new sanctions against the country today. Move comes as the white house fights back after russian meddling. Senior adviser will be back for further questioning this morning before the house intelligence committee. Kushner spoke out yesterday following meeting with senators yesterday. I did not collude with russia nor do i know of anyone else in the campaign who did so. I had no improper contacts. I have not relied on russian funds for my businesses. And i have been fully transparent in providing all requested information. Maria more on Jared Kushners testimony this morning. Earnings on wall street this morning. Thats driving the action. 5 dow components including mcdonalds, caterpillar. That stock up in the last three and a half months. We will watch caterpillar. Chipotle as the embattled brand is facing norovirus. We have some gains to tell you about. Dow industrials at the highs of the morning, up 30 points. Nasdaq, s p 500 also rising this morning as earnings drives the action, we are looking at money coming into stocks. Take a look, in germany, investors are eyeing upbeat report on Business Sentiment hitting record high that has dax up. Cac quarante better than 1 and ftse in london up almost 1 . Turn to asia, stocks almost flat. Is it too late to say sorry . Fan outrage after cancels tour to get relaxation he says. Serious though that the Stars Investment in Pizza Company has netted him so far. Top story half an hour. Thats sanctions against russia in the spotlight. House is expected to approve a bill that would hit russia can new stiff economic penalties. The legislation includes Provision Requiring the president to seek congressional approval before easing sanctions on russia. White House Press SecretarySarah Huckabee sanders hint that had the president has not yet decided he will sign the bill. General jack keane, pleasure to see you, thank you for joining us. The right thing to do. It clearly demonstrate it is consensus thats in the congress particularly about sanctions on russia. Obviously in this bill is north korea and iran. This most recent legislation is motivated by russias meddling in our elections and the fact that our intelligence agencies report that that is a fact and clearly the sense of the congress is that russia has to be held accountable for this. The president with some justification has some concerns that the Congress Wants to hold the strings here and the president in of himself cannot remove the sanctions when he thinks its fitting. Thats unusual and i understand his concern but i think the reality is that the sense that congress is so strong that the president will not veto this bill. Maria it would basically create a lot of controversy if he were not to sign this, right . Oh, yeah, absolutely. Politically theres some liability there for him. Its not my lane but certainly they would come become at him and blame it it all on russia and thats clearly, i dont think the major issue here, this has to deal with president ial authority and prerogatives over foreign policy, but clearly i think the people around the president will likely tell him, look, if the congress feels so strongly about this, they are representing the people of the United States, everybody believes the russians meddled in our elections and they must be held accountable. Maria for sure. White house Senior AdviserJared Kushner is back on capitol hill today, general, hes facing further questioning now before the house intelligence committee. Senate investigators were grilling him, the president s social over contact with four russian officials in the alleged russian meddling case. He spoke out after the testimony. I want to get your reaction. This is what he said. Let me be very clear, i did not collude with russia nor do i know of anyone else in the campaign who did so. I had no improper contacts. I have not relied on russian funds for my businesses. And i have been fully transparent in providing all requested information. Maria is there anything there, general . What do you think comes out of this . Well, first of all, credit for president for permitting a Senior Adviser of his to go before the congress and provide system, something his predecessor barack obama would never do when congress requested ben rose to talk about Nuclear Deals and issues surrounding it. Secondly, it begs the question, why didnt he do this before . I mean, this is four months after all of these charges and you can see that they lack credibility here. Remember, the issue is that the Trump Campaign colluded with russia to impact on the election. So he had two meetings during that time period. One was a grip and tbrin with the embassador just prior to President Trump making a spoach and four embassadors present there, pleasantries exchanged nothing more. Another one with the meeting with a russian lawyer and he arranged to get out of the meeting because there was no substance out of it and they were talking about a ban on adoption in russia. Those are the only two meet that is would have any impact on the campaign on the election, theres nothing here. And it should have been released, i think, a long time ago. Maria this is getting downright goofy, general, with the meetings with russia and we have real evidence of other interactions on the democratic side. Look, President Trump is also, though, slamming his attorney general this morning, general. Hes talking about sessions stance on Hillary Clinton. Earlier this hour the president tweeted this, attorney general Jeff Sessions has taken a very weak position on Hillary Clinton crimes, where are the emails and dnc servers and intel leaks, erics trumps wife laura hit, donald trump, jr. , and the investigation, here is what she said, the wife of wheneverric trump. Transparency is very important to us and so i really commend both of them for the fact that nobody used breach bit, nobody deleted emails and nobody destroyed cell phones with hammers, we are being up front with this because we want the world to know there was no clowcion. Maria thats fine. We know that, but should the president be litigating this on twitter like this . If he has issues with general, with his attorney general, Jeff Sessions, its odd to me that hes talking about it like this publicly . What do you think . Well, yeah, it is odd. We have been talking about them for some time. Yeah, i mean, sessions is by all accounts, i know him personally as really a man of integrity and hes dedicated to this country and everybody has provided testimony. I hate to see him beat up in public like. This i dont know what the motivation is but you cant help but to speculate the president is sort of ushering him into some kind of resignation. That seems the mostly likely thing. Maria hes waiting for Jeff Sessions to say, look, you want me to resign, otherwise why would he tweet so public that sessions ha is weak on crimes. I dont know, something from the past and something the administration was moving on from given all the issues as opposed to chasing something as much as justified and people are frustrated about it, i think the country has put it behind it and go forward. Maria let me end where we begin and thats russia and is sanctions, general. Where do you think the pushback from russia will be . Thats one thing russians did not want, what do you think russia does in response if the president doesnt, in fact, sign the bill today . Well, certainly the russians are working with us in syria. It may impact the degree that that cooperation exists. Thats most likely. That deal is not god deal, iranian positions in deescalation zone have not been removed. Assads positions have not been removed, artillery fire going in opposition forces, im not comfortable with whats taking place there either and im sure the trump team looking at this through own intelligence lens are not that comfortable with it either. We will see what plays out here. Thats the likely place for the russians to push back. Maria yeah, but if its going to tie the president s hands in terms of going to congress that would be the one reluctance to sign it, right . Nothing to do with north korea, nothing to do with iran, it wont have anything to do with sanctions itself, it would have only to do with the fact that youre taking my authority to execute foreign policy. Maria all right, general, great conversation as always. We appreciate your insights. Good talking to you, maria. Maria general jack keane there. The president tweeting, big day for health care after seven years of talking we will soon sigh whether or not republicans are willing to step up to the plate, he then added this, obamacare is torturing the American People. Repeal and replace. I have pen in hand. The president talking about health care today as it is widely expect that had we will see a vote out of the senate out of today or tomorrow. Whether he follow that. We will take a break. A tragic end of a live stream ininstagram. A woman facing charges after alleged crashed the car and killed her sister, what happened before the vehicle overturned . You will find out ahead. Next, back here. Maria welcome back, nasdaq and s p 500 also higher. Earnings driving the story this morning. Jet blue shares are up better than 30 in the last year. We are also watching shares of at t this morning. The company will report Second Quarter earnings after the bell tonight. Seventyfour cents a share. Investors are watching the latest on the companys proposed emergencier with time warner. The companies have begun conditions of the deal. Shares of at t are down year to date. 18yearold woman causing fatal car crash Live Streaming. Cheryl good morning. The driver lost control of her car while she was Live Streaming on instagram, this happened in california. That crash killed her 14yearold sister and also injured another teenager. The driver continued to live stream even after the crash happened. I killed my sister. I know that. Cheryl new outbreak of norovirus. Temporarily closed just last week after number of customers got sick. Some chipotle workers became ill. They reopened the restaurant in sterling last wednesday after they gave it authoro cleaning. The stock under pressure. Its been under pressure. We may learn more about the situation after the bell. Chipotle will be releasing latest Quarterly Earnings. Theres the stock as you can see the pressure. Finally this cheryl well, maybe too late to say sorry for swrus tin bieber, hes canceling 15 performances of his purpose world tour. Bieber said that hes been on the road touring for two years and he plans on, quote, just resting and getting relaxation and also said he loved fans and sorry if they felt betrayed. Bieber purpose tour 93 million in just the first half of 2017. Maria quite the video there. Breaking news, the president is very active this morning and hes continuing to tweet. Take a look at this, so great that john mccain is coming back to vote. Brave American Hero. The president tweeting after being diagnosed with brain cancer, he will come back to vote on a bill that we are wondering if it is actually a straight repeal obamacare bill or if it is a tboil replace. Dagen the senator, i would think at regular tuesday luncheons will decide. I think its going hurt a lot of republicans down the road. Seven years and you cant even move to debate. Jon putting this nice mccain tweet aside, what you see president going to war with both parties, the Republican Party and democrats. Hes been after republicans all day. He gets rid of Jeff Sessions, thats a pretty conservative republican. It might be good politics for him, actually, because nobody likes either party. Maria we will take a break. Derrick rose finds a new home with the cleveland cavaliers, the jawdropping price tag. Stay with us i was wondering if an electric toothbrush really cleans. Better than a manual, and my hygienist says it does. But. Theyre not all the same. Turns out, theyre really. Different. Who knew . I had no idea. So, she said look for. One thats shaped like a dental tool with a round. Brush head. Go pro with oralb. Oralbs rounded brush head surrounds each tooth to. Gently remove more plaque and. Oralb crossaction is clinically proven to. Remove more plaque than sonicare diamondclean. My mouth feels so clean. Ill only use an oralb the 1 brand used by dentists worldwide. Oralb. Brush like a pro. I enjoy the fresher things in life. Fresh towels. Fresh soaps. And of course, tripadvisors freshest, lowest prices. So if youre anything like me. Youll want to check tripadvisor. We now instantly compare prices from over 200 booking sites. To find you the lowest price. On the hotel you want. Go on, try something fresh. Tripadvisor. The latest reviews. The lowest prices. Maria welcome back, the nba is all about the super teams, the cleveland calves added a big name. Jared max with the story. Jared, good morning. Jared every year from 2009 to 2016 now plays for either the cavaliers tor golden state warriors. Two teams who met if finals three years in a row. Derrick rose signed a deal 2. 1 million to join lebron james and the cavaliers. 1 million into a casual pizza franchise called blaze pizza. Blaze pizza sold for undisclosed price for brentwood associates. 250million, lebron owns 10 share, his slice of blaze pizza worth estimated 35 to 45 million bucks. Thats a lot of pepperoni. Another guy used his name hall of fame qualify, Denver Broncos general manager has agreed to 5year contract with the Denver Broncos. The highest paid general manager of the nfl. Bad news for the la dodgers, the team with the best record in baseball will be without the best pitch ner the big leagues for several weeks, 152 kershaw said to have suffered a strain in lower back pitching sunday. Now the initial prognosis out 4 to 6 weeks. 6931. La cruising along. Jon can i ask you two questions about the cleveland deal . First of all, is derrick rose good anymore, he hurt his knee and what happened to irving. Jared in 2014 quote today say he doesnt want to later in life feel sore going into meetings with people. I question his commitment to the game. It didnt work out with the new york nicks. He was in the biggest stage in the nba and it was a failure. Other part irving, all seeming dysfunction in the cavaliers. Dagen 18 points with the nicks. Jared his numbers are huge. Dagen you know how i know that . A little bird in my ear. Im talking about derrick rose. Jared failure with the nicks. Look at how that poorly worked out with the nicks. But the cavaliers there seems to be problems. Jon is he leaving, are they going to get anything good for him . Jared i think hes going to stay. Its more how he and lebron play together Going Forward. Maria the money fight, he joined, parred open my take over the weekend and he revealed who he is banking on. Mayweathermcgregor, do you think mcgregor is going to get killed. He has been doing this all of his life since he was a little baby and mcgregor cant quick or grab. [laughter] dagen hi kept calling him mcconer. [laughter] jon philosopher mike tyson. Dagen mcgregor is young and may weather is 40 and not a hitter. Jared dagen, i dont want to bite your ear, i expect may mayweather to brittle mcgregor. Dagen mcgregor has a wicked left. Jared the great unknown. Thats why everybody is tuning in. Dagen i will pay. Its two human beings. Maria thank you. Everybody understands its not computer generated. Known nobody understood that there was not going to be a shark. What a novel thought. Catch jared max on fox news 24 7 or siriusxm 115. We have another tweet from the president. Here is what the president just tweeted out. Jared kushner did very well yesterday in proving he did not collude with the russians, witch hunt, next up, 11yearold baron trump. Jon why is he bringing his 11yearold son. Maria it makes no sense and you want to question barron as well. Jon the rule of thumb in washington you leave kids out of it. Maria discovery out of this world. New evidence shows it could contain water. Next so let me ask you this. How does diabetes affect your heart . It doesnt, does it . Actually, it does. Type 2 diabetes can make you twice as likely to die from a cardiovascular event, like a heart attack or stroke. And with Heart Disease, your risk is even higher. You didnt know that. No. Yeah. But, wait, theres good news for adults who have type 2 diabetes and Heart Disease. Jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. Jardiance is proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and Heart Disease and lower your a1c. Jardiance can cause serious side effects including dehydration. This may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. Ketoacidosis is a serious side effect that may be fatal. Symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. Stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. Symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. Do not take jardiance if you are on dialysis or have severe kidney problems. Other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. Taking jardiance with a sulfonylurea or insulin may cause low blood sugar. Tell your doctor about all the medicines you take and if you have any medical conditions. So now that you know all that, what do you think . That its time to think about jardiance. Ask your doctor about jardiance. And get to the heart of what matters. Caspers truly changed our lives. Im a softer, happier, friendlier version of myself. surps drink casper is like sleeping on a nest woven from a unicorn mane. grunts a mattress of unparalleled value. Best bed ever. Love it, love it, love it. Perfect sleep changes people. yawn kisses baby baby coos transforming your life is as easy as trying casper. Transforming your life is as easy as trying casper. Aaah order their mattress online and test it out for 100 nights. If you dont love it, theyll pick it up and give you your money back. Get great sleep at casper. Com maria welcome back, good tuesday morning, thank you so much for joining us. Im Maria Bartiromo, it is tuesday july 25th, top stories right now 7 00 a. M. On the east coast. Pressure is on republican senator this is morning. President is calling on senators to push forward with the motion to proceed to repeal obamacare. Here is what the president tweeted last hour. Big day for health care after seven years of talking we will soon see whether or not republicans are willing to step up to the plate. Some senators are hesitant saying that they dont know what theyre voting for. We have no earthly idea what we are voting on. At this point, i dont know whether we are going to be voting to proceed to the house bill or to any of the various versions of the senate bill to a brandnew senate bill or to the 2015 legislation. Maria the very latest to overhaul obamacare coming up this morning. Rising depositions with north korea. Hermit kingdom threatening to strike the United States. China reportedly ramping up defenses along the border with north korea. Eastern negotiation focus back at home for investors, several dow components reporting secondquarter earnings including mcdonalds. The stock is trading higher ahead of results. All the earnings news ahead. We are watching caterpillar. Thats an important one as Jon Hilsenrath mentions. Futures opening, high of the morning here. Dow industrials expect today open up better than 40 points. S p 500 and nasdaq also in positive territory. In europe stocks are also up as well. Across the board, germany investors are looking at upbeat report which hit record high. The cac quarante better than 1 and ftse up three quartersover quarter of a percent. The only winner hang seng and that was squeaking out a fractional move. United airlines with a backlash this morning. Details coming up. Who says money cant buy happiness . A survey says the opposite. Spending doug can maying you real happy. Joining me to talk about it fox business dagen mcdowell, Jon Hilsenrath and real clear Politics National reporter caitlin hugh is here. Jon i wonder what the second hour is going to be. We started out trying to talk about caterpillar and earnings and its all been about the president. I think hes going to war with the republicans an democrats. It might be a good political strategy. Maria he talked about Jeff Sessions in one tweet, talked about health care in another tweet. Jon talked about obamacare. Maria also questioning Jeff Sessions and why he didnt focus on Hillary Clinton lies is what he calls it. Dagen and the acting director of the fbi Robert Mccabe as well. Again, Hillary Clinton did win, so maybe you want to tweet about whats what youre in control of, mr. President. Maria exactly. Big show ahead. Admiral james is with us this morning. Secretary of state for the ukleam fox is here to walk us through brexit and White House Legislative Affairs director mark joins us. Ceo and cofounder of affirm max levchin and eric cantor. In a few hours to move forward with overhauling obamacare will take place this as President Trump turns pressure and senator john mccain returns to washington this morning. Doug, good morning to you. Good morning, maria, with the key procedural vote at 2 15 this afternoon on whether to proceed with repeal and replace bill is yet to be determined, the white house is putting tremendous pressure republicans to get on board, republicans as you know have only a 52 to 48 majority and can they afford to lose two votes in this particular case. Yesterday in a sign of urgency for republicans to pull together President Trump joined four families, 22 people in all who are what the president called victims of obamacare. Every pledge that washington democrats made to pass that bill turned out to be a lie, it was a big fat ugly lie. Democrats promised americans like steve a former Police Officer in West Virginia that they would save 2,005 2,500 a year and instead premiums have more than tripled. The president went onto describe that many employees had no choice, no alternative to go on medicare. Later in a speech before a huge crowd at the boy scout, President Trump put tremendous pressure on one republican holdout. West virginias own home shelley. You better get senator to vote for it. You have to get the other senators to vote first time. Its time. You know, after seven years after saying repeal and replace obamacare, we have a chance to now do it. They better do it. Hopefully they will do it. Shortly after President Trumps speech to the boy scouts, senator mccains put a statement that he will be return to go washington today for todays procedural vote that despite recent diagnosis of brain cancer. There had been speculation that doctors night might not give him the okay to fly back home which in turn fighting alternative means including a luxury bus that would transport more than 2,000mile distance from arizona to washington so he could make the vote. As it turns out he will be flying an emotional moment that will add drama to pivotal vote and one more quick thought on this, maria, the president as you have pointed out earlier this morning is up to a tweet storm today, one in particular draws a lot of interest the one about sessions, he said, quote, ukrainian efforts to sabotage Trump Campaign, quote, quietly work to go boost clinton so where is the investigation, ag, hes putting such pressure on sessions thats unimaginable, how he can possibly survive perhaps through the end of the week. Maria he must sessions to resign. Doug, we will keep checking back as news develops, thank you. New threats from north korea, the regime of kim jong un making fresh threat this is morning to launch a nuclear strike, quote, at the heart of the u. S. With our powerful nuclear hammer, unquote. Should the u. S. Do regime change in pyongyang . Possibility of u. S. Military strike. Joining me right now to weigh in admiral, former supreme allied commander at nato. Hes also author of the new book c power, admiral, good to see you, thank you for joining us. You bet, maria. Very concerning, china is obviously hedging and we need to take north korea like two streams crossing, one is Nuclear Weapons themselves and the other to deliver them at range. Its like in ghost busters. You dont want those streams to cross. They dont have the ability yet. That will happen in the 18 to 24 months. Theyll be a big decision that the Trump Administration is going to have to make as to whether we do a military strike preemptively or we work with china to try and solve it diplomatically or we live with it. We dont know how its going to come out and neither does china, they are hedging against uncertainty. Maria yeah, i mean, there was commentary yesterday that a strike that the conversation within north korea that a strike could reach hawaii or even alaska in the u. S. Sooner rather than later. Do you agree with that . Is that the kind of power we are talking about . They have the ability to launch a Ballistic Missile that possibly could reach as far as parts of alaska or hawaii. They do not have the ability to affix a Nuclear Weapon to it, thats probably 18 to 24 months away. Maria you say that the worst option would be striking first. Tell us about that. Explain that and what should the u. S. Be doing. The worst option would be a preemptive strike, maria, because probably 10 Million People will get killed in the northern part of south korea. Seoul, the capitol just below the border, North Koreans could be able to see preparations for that military strike, they could use artillery or conventional weapons or Nuclear Weapons in close and we would lose millions of people including tens of thousands of americans. So thats a pretty bad option. A better option, what we should do is put pressure on china to put pressure on north korea. The way we do is impose secondary sanctions which are chinese firms doing business with north korea. That will get chinas attention over time. All roads to pyongyang, the capital of north korea lead to beijing ultimately if you want to sthofl solve dip diplomatically. I strongly support the bill in this particular instance. Maria right. Normally you want the president to have executive thord. The angsts of Vladimir Putin are so egregious both cyberattacks on the United States, support for assad, war criminal dictator, the annexation of crimea, invasion of ukraine, his actions are egregious and demand strong sanctions, having Congress Weigh in is going to help the president as he seeks to find better accommodations with russia. We need to recognize Vladimir Putin is no friend to the United States. Maria do you think the president will sign it . I do. I think hes already signaled over the last couple of days. I think there may be back and forth, maria, my guess is in the end he will sign it. Maria i want to turn to terrorism threat at sea. You write in an oped recently, quote, a nautical terrorist attack will involve two scenarios, attack on ship and second infliction of environmental or economic damage on a port or coast, is the u. S. Prepared for this kind of threat, admiral . We are more prepared for the first one. Our special forces train to go to cruise liner to recover after terrorist attack. We have a very strong in place system of intelligence that watches for this. The second one, the use of a massive explosion to take out a tanker close into a u. S. Port, we are not as well prepared for. Its often said, maria, that the failure of 9 11 was not a failure of intelligence but a failure of imagination. We need to be thinking through these scenarios and preparing for them. Maria all right, we will be watching that. Congrats on the book, thank you very much, sir. Admiral james joining us. United airlines against comic con fans saying the airlines became the villain from banning comic books, who is at fault here . Houston we need some money. New push for restoring apolo Mission Control center. How you can help back in a minute. I needed something more to help control my type 2 diabetes. My a1c wasnt were it needed to be. So i liked when my doctor told me that i may reach my blood sugar and a1c goals by activating whats within me with onceweekly trulicity. Trulicity is not insulin. It helps activate my body to do what its suppose to do, release its own insulin. I take it once a week, and it works 24 7. It comes in an easytouse pen and i may even lose a little weight. Trulicity is a onceweekly injectable prescription medicine to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. Trulicity is not insulin. It should not be the first medicine to treat diabetes, or for people with type 1 diabetes or diabetic ketoacidosis. If maria welcome back, the woman accused of drowning her fiance by pulling plug on kyak may be getting a sweet deal. Cheryl yeah, angelica plaud today collect on her husbands Life Insurance rather than face murder and manslaughter, she pleaded negotiate homicide. He faces 16 months in prison but she will be deported back to her native country. Parents need to be more careful when they take Dietary Supplements or use them around children. A new study that calls to poison control relate today related to Dietary Supplements rose, most of those involve children under the age of 6 accident taking their parents supplements. Not just kids being hurt. 21 of kids and adults reported adverse effects from energy drinks, herbs and other type of supplements. We are getting information about the moon. We know that contains water. There could be much more water than previously thought. Analysis of ancient volcanic deposit with large amount of water underneath the service. The water was delivered very early in formation before it solidified. Meanwhile Space Center Houston launching Kickstarter Campaign to restore nasas historic apollo Mission Control. So far more than 1300 people have donated over 200,000. Wants to restore Mission Control by july 2019, 50th anniversary of the first moon landing, maria. Maria wow, great, thank you so much, cheryl. Coming up earnings historian General Motors to report this morning. Gm, caterpillar all on deck. They say money cant buy happiness, right, a new study claims otherwise, how spending can put a smile in your face according to researchers taking the ancestry dna test is really quite simple. It comes in the mail, you pull out the tube and you spit in it, which is something southern girls are taught youre not supposed to do. You seal it and send it back and then you wait for your results. Its that simple. Im the one clocking in. When youre clocking out. Sensing your every move and automatically adjusting to help you stay effortlessly comfortable. There. I can even warm these to help you fall asleep faster. Does your bed do that . Oh. I dont actually talk. Though im smart enough to. Im the new sleep number 360 smart bed. Lets meet at a sleep number store. Maria welcome back, turns out money can buy happiness after all. People can make themselves happier by paying other people to do timeconsuming shores. It doesnt matter if the respondents were rich or poor, they all reported greater satisfaction with life if they paid somebody else to save time. Joining us now ramsey solution and expert chris, chris, good to see you. Well, good to see you. Maria does the study surprise you . No, not at all. When you start to think about it, we are so busy and have so many things going on and when we can focus and delegate to someone else to take care of things can give us more time which can lead to being more happy. Maria its true. Jon adam smith talked about the division of labor, we should do what we are best at and then pay everybody else to do other stuff. Thats the best use of your time and resources. Maria i like it. I feel more productive when i do it, when do i my own cleaning, its one more item off the list. Jon if you like doing it, then you should. If you hate it, pay somebody else to do it. Dagen chris, what about spending money . Doesnt that make us happy . [laughter] if we spend it on the right kinds of things and instead of doing it in a habit way but really focused, yeah, it can lead to happiness but also lead to more stress. You know, nearly half of americans their income, their expenses exceed or meet their income, so the lack of money is also causing stress. Maria thats called living paycheck to paycheck, for sure. How about millennials . Losing millions of dollars by not investing money, according to nerd wallet survey, 25yearold millennials who avoid the stock market could be losing up to 3. 3 million no loss Retirement Savings by the time they hit 65. 63 of millennials are storing Retirement Savings in savings account. You put the money in savings account where you think its safer, youre not getting any interest obviously or do you want to take a risk or put it in the stock market . Is it all about how old you are . It really is. I think its also, maria, about understanding the market and understanding how money grows. But i want you to have your retirement dreams and your future funding in the game and by that in the stock market. I think fear is driving a lot of this. A lot of these millennials heard about the recession or maybe lived through it so that fear is keeping them and costing them millions of dollars in future. Maria they dont have money. Where are they getting the money to put into the stock market . Depending on the age, you just got a job. Well, i think weve got to look at that and understand if they do just got a job and they have some debt, i want them to get out of debt and then begin to invest 15 of income. Its one of those things, when you start to plug into a 401 k and 403b and done automatically you adjust lifestyle which can be out of whack. Maria its true. Jon isnt it important for millennials to get into the game as early as possible, get into that 401 k , get as much into it as you can and save money even if it means carrying a little bit of debt as you go because the return on a 401 k can be huge. Well, i would actually i would agree, return on 401 k can be huge but venture to say that if they get focused an they get themselves out of debt they will get a raise, i guaranty it. I want them to invest 15 . Im not saying go 50 or 60 , just 15 over time allow it is money to interact with compound interests and time which grows it. Dagen chris, if you have allowInterest Rate on your, say, Student Loans and you think that your returns on your 401 k will be excess of that interest, then it would be better to also contribute to 401 k . Thats one school of thought. Ive seen it where people tried to leverage and average thicks things out. Thats called penalty. I dont want to be penalized. I want to be rewarded. I would say get out of debt and then invest. If youre in age 50 and still have student debt, you have to make decisions. Maria we will leave it there. Chris, thank you so much. Chris hogan joining us there. Thank you. Maria in an interview with john podesta i asked him about Financial Disclosures he made in 2014 when he went to work at the obama white house, during our Lively Exchange mr. Podesta said he properly filed disclosure and divested himself from Holdings Company that had disclosure. We want to thank him for that. Arguing for the bookstore chain to sell itself and earnings to focus on wall street today with 5 Dow Companies reporting alone. The big names to watch, what will move markets next. Maria welcome back. Good tuesday morning. Thanks for joining us. Im Maria Bartiromo tuesday, july 25 your top stories right now 7 30 a. M. On the east coast. A major earnings day on wall street, five yoi components reporting have to morning Second Quarter among them dupont topped expectations on both revenue and earnings, we are waiting reports from mcdonalds and caterpillar this morning, as you see the stocks are up going into numbers we will bring the reports to you once they hit the tape markets good today we are expecting a higher opening for the broader averages dow industrials up 50 points right now, that is a high of the morning right now nasdaq s p 500 also in positive territory. In europe similar story gains across the board, the ft 100 up almost a percent cac quarante paris up better in an 1 dukes in germany up twothirds of 1 in asia overnight, fractional moves stocks mostly flat on session, a hero in blue recovering after being shot for a third time in his career. I had a chance to visit with the officer, my deputy chief had a chance to visit with officer, she is in good condition, at University Medical center. More on condition coming up, talk about a game of chicken, new demands American Farmers are demanding from any uk trade deal in a postbrexit world, we tell you about it move over darth vader, why comiccon fans are saying United Airlines is villain, microsoft paint escapes a broadcast with Death Company putting iconic program, after drawing strong criticism from fans. Stop story half hour that is earnings, it is busiest week Second Quarter season five Dow Companies reporting before the bell we have already heard from dupont, and United Technology invests keep an eye on caterpillar mcdonalds major near alltime highs gain opening of trading joining the conversation Charles Schwab sr. , Vice President chief investment strategist liz ann, good to see you thanks for joining us. Thanks for having me. How did you characterize the season give a backdrop for investing in stocks. Sure. You know it has been great couple interesting things we came into earnings we did not get normal down draft in expectations, so analysts maintain a bit more optimism in good news, and since weve had now about 120 Companies Report or so about a 76 beat rate on bottom line a great beat rate more importantly though is that we have had a 73 beat rate on top line growth, so much stronger top line growth than anything we have seen, really in this cycle so far. Let me get point out the General Electric revenue missing expenses, is there a sector doing well and others that are not when you look at auto sectors i dont want to ask you gm quarter second to hit tape revenue below expectations so if you can break down sectors. Yes, so the best sector in terms of bottom line beat rate earnings beat Rate Health Care saishth has of last friday, i dont have the data for yesterdays close, it had one hundred percent beat rate every company within Health Care Space i dont know how many reported so far, had beaten expectation, on the top lane growth on Revenue Growth beat rate, it is the Energy Sector had one hundred percent beat rate so far, now, clearly, the absolute numbers for Energy Sector bottom line and top line, and the case of blm, 500 some odd percent Earnings Growth, because of that Inflection Point oil prices in tailwind that provides, in yearoveryear, performance, but the other two sectors, that have performed very well both bottom line top line are technology and financials. Liz ann, earnings have been underappreciated driver of the stock market about this year we talked much about what is going on no washington, and the fed, and the Trump Administration. Yeah. We had doubledigit Earnings GrowthFirst Quarter. Is the s p 500 o goes to be able to keep that up second, third, quarter quarter is doubledigit Earnings Growth here to say. Interesting you mentioned washington i have had view really since election this latest phase in the bull market rally if you want o to call that it very little to do with the win by trump with the prospective of progrowth policies in fact most analysts have not touched their numbers they are out numbers, in other words they have not upped them because of hoped for things like tax reform or changes in Regulatory Environment so the fact that those are getting pushed further out maybe into 2018 has gone not affected the numbers this is pure Earnings Growth that is not based on mope what has been happening so far this year, is Earnings Growth, has been at a pace greater than stock price appreciation means valuation the come down a bit valuations not cheap would be ideal for the mart would persist i do think going to have chopiness this here in. Are we going to see the doubledigit numbers sustained. In the nearterm, yeah i think, you know the Energy Sector is a big piece of it so if we got a further down draft in oil prices, then i think you would start to have to put hair cuts on numbers for 2018, but leaving a major move down oil prices, i think the estimates are out near 2018 are still fairly reasonable. Just getting caterpillar hitting the tape you said one of the more important ones to watch 1. 49 a share better than estimate 1. 26 revenues beat 11. 3 billion versus estimate 10. 9 billion good news for the market. Very good news big beats a bellwether for the Global Economy i think seeing better growth in china in europe, better industrial growth around the world. But liz ann one issue that certainly the journal touched on repeatedly that is the the complacency in market with the volatility index at other near record lows, that we are 17 months in since a 5 decline or more in s p 500 average since world war ii is 6 months between those declines, arent we do for kind of a a a nice selloff here . Well, if i could devine what market does would make being 35 to 5 pugback in the market every couple months would love to step forward half a step back pattern the timing is did i i am not worried about vix as some precursor to doom and gloom in the market it is a reflection of what has been a low volatility market i think a reflection of the fact that weve had less economic volatility, so i think it is in keeping with the background conditions, but i do think there are seasonal reasons, there are technically reasons, that we could expect to see bit more choppiness may be pike up in volatility i dont though i would be bad thing i think it would kind of temper mirs of sentiment keep a meltup type scenario from taking hold lovely when in midst of them as we know dont tend to end well. Watching caterpillar shares rally up 5 as a result this market is now at the highs, with the dow industrials expected to be up about 60 points the opening of trading but then there is the fed john and liz ann we are watching the fed meeting this week now, we are going to hear from fed tomorrow, no change in policy is expected from this meeting, but allianz muhammad elerian had Something Interesting to say yesterday about fed said they are going to Say Something about a rate hike suggest not happening soon going to push from it sent to december. Lessen to what he said i go the to get your take. I am not sure they are going to hike in september in fact they have a fed meeting this week we are going to be hear things wednesday one more cautious about the economy, especially about inflation, and inflation, is a worry for them not high enough. Two, they are going to suggest we get a rate hike this year going to push it back to december and three explain to us that Balance Sheet reduction is going to be like watching paint dry. They are going to tell particulates dont get excited there is nothing here, that you should worry about. And we know a 4 1 2 trilliondollar Balance Sheet you are worried as they wind down Balance Sheet do you agree with what he just said . Well, heartening to be in agreement with somebody as o mohammed yes, do i think that we might get further color on Balance Sheet reduction at july meeting but i agree were not going to get any policy changes. And it is our view, that the Balance Sheet reduction will begin september always been our view at the start point of that they would not also throw rate hike into the mix, so i agree that they most highly scenario at this point is Balance Sheet reduction begins september another rate hike possibly comes in december about, of course, would be data dependent, i have no idea whether this is going to be a tumultuous exit from 4 1 2 trillion dollar Balance Sheet we are in unkarated territory however you have to look back see that a lot of periods of market volatility have come because of missteps or he perceived messsteps on part of Monetary Policy authorities so i think to assume we are getting a perfectly benign series of actions here by the fed as they start to move further toward policy normalization, i would expect to see some bouts of volatility around that given that we have justified we have never done this before. You mentioned a moment ago this idea of a dangerous meltup scenario where asset prices keep rising and rising become unsustainable, well we had a he dangerous meltup in 2004 to 2006 period Real Estate Asset prices, that was a period when the fed was very predictbly cautiously raising Interest Rates in little bits, every to you a months we have fed right now very predictably cautiously raising Interest Rates every few months more slowly than that a than then isnt that potential ingredient for dangerous meltup in asset prices that you were just talking about . Possibly, except that since the fed has been raising Interest Rates financial conditions have loosened, and that is what i am saying. A good background but for so so long as financial conditions i think remain fairly loose i think that gives the fed some runway to continue to raise rates once a bit too tight authentic i think i agree this is an issue when you look at last two kind of boublz that inflated texting stocks obviously in 1990s, purely real estate, now there is this view that maybe we have everything bubble, because if you look at household net worthing everything on high but when i compare valuation metrics to specific sectors or broadly to where we were in those eras i am not quite sure where o we are there yet. I think it is something god is fed setting the stage for a bubble by staying loose for so long at this point . And by moving so slowly towards tighter policy . Well, one could argue based on inflation data some are arguing they should not be doing anything here. I think 2 fed is continuing to maybe plow ahead is a little bit too strong a word given how solely our relative to your point 2004, 2006 cycle or 17 executive meetings 17 consecutive 25 base point increases but i think in moving kind of against what their inflation targets are suggesting is appropriate. Maria yeah. Tells you that they are smoem what mindful of this asset price issue that is why they want to continue to move ahead. Maria there is the inflation issue then also the Economic Growth issue right liz ann look at tax receipts the growth of one and a half percent expecting a gdp 2. 1 but a fair question to ask is does the Federal Reserve smash an economic recovery gaining traction with this Interest Rate hike string . Well i hope not, remember, you know expansions end recessions begin because of excess of an excess Monetary Policy fed moved of a bar too fast combating inflation problem tends to be an excess capacities utilization excess if one benefit to entire i recovery having been sluggish 22 stagnation new normal whatever term you want to apply to it, is that we have not built much excesses expansions dont tend to simply die of old ankle they die because of excess because of that excess Monetary Policy typically, and i just dont think we are there yet, i think the fed again, still has decent runway to move here, but i again, i do think we are going to get some chopiness in the market here, and you know 5 pull back in the market i think would be extremely healthy. We will leave it there always a pleasure thanks so much. Liz ann sobbeders. Yientdz against comiccon fans saying airline banned comic books in checked bags. 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Cant tell im wearing it, can you . Always discreet underwear. For bladder leaks. Maria welcome back new orleans Police Officer has been hospitalized shot for third time in his career, Cheryl Casone with the story. Cheryl yeah, so officer Christopher Abbott is recovering again from a gunshot wound this time it was to his leg. That shooting happening yesterday, a gunman fired a single round into his car, the bullet yep hit his leg officer had been shot previously two separate incidents, this shooting suspect still at large. Activist investor believes time to turn beige on barnes noble the wall street journal reporting sandell Asset Management bought a stake in the new york bookstore chain to push for sale, reportedly already among companies 10 biggest investors now. Well, reports of the demise of microsoft popular paint program might be premature. Microsoft said it was removing paint from windows 10 but now, saying that paint is going to be available for free on windows store, its successor paint 3d part of the new windows 10 package paints part of windows operating system since launch of that system in 1985. And yes remember using paint not well but using paint. Well, there was some confusion last week end for travelers that were reprieving comiccon in san diego flying on United Airlines band comic books checked luggage blamed tsa if you are flying united over san diego said move all books from checked bags dont normally require special security things got confusing when tsa tweeted please note there are no tsa restrictions on checking comic books, or any other types of books what is the deal. Spokeswoman says working with united to find out to exactly what happened the confusion books whether come ibs, or steele novels is fine. Not a weapon. Thank you, coming up next life after brexit the United Kingdom begins looking past exit of the eu how uk is jumpstarting trade talks with u. S. Next. Whoooo. I enjoy the fresher things in life. Fresh towels. Fresh soaps. And of course, tripadvisors freshest, lowest prices. So if youre anything like me. Youll want to check tripadvisor. We now instantly compare prices from over 200 booking sites. To find you the lowest price. On the hotel you want. Go on, try something fresh. Tripadvisor. The latest reviews. The lowest prices. 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 782 on home and auto insurance. Call for a free quote today. Liberty stands with you™ Liberty Mutual insurance. Maria well back, uk leadership getting a jumpstart on postbrexit trade talks with United States this week, according to eu rules uk cannot sign a trade deal until it leaves bloc of nations my imbecile optimisticly looking forward and securing a full trade agreement by march 2019 what i is expecting joinings us right now secretary of state for United KingdomInternational Department of trade great to have you on Program Thanks for joining us. Thank you very much. Tell us what is to a most important negotiating point for you no this process . Can you walk us through what is happening today. Yes, we are having a number of talks first when a we call continuity agreements that uk has with u. S. , as party to the eu so we have to ensure that they continue as we leave European Union for stability secondly short term where we achieve bilateral liberalization in eu thirdly scoping out the future agreements that we might want to have, and fourthly working together to see how we can help improve globalo Global Economy trading environment we find ourselves in a lot of work great access to the administration, on that with Vice President yesterday he was charge wellinformed as you would expect u. S. Trade representative robert was a delight to work with, secretary ross, of course, commands Great Respect very well treated while we have been here. Talk to us about what you like to see from a trade deal with u. S. As of right now over 230 billion dollars worth of trade between two countries, you are looking to build on that number about . What is most important that you want to see in a detail with the u. S. . Well, a number of Different Things in, of course, we are scoping out the sectors of the present time clearly room in the sector to open room in defense cooperation, there as well, so we are not prejudging we are saying to american colleagues lets look see where we can find added value some preliminary work that has been season estimates, say that we could be increasing that, 220 billion dollars, of trade, 40 billion dollars by where we get further opening of markets, of course, perhaps more importantly is the work that we are going to do together, internationally at the world trade organization, to see how we make that work better for us how we get the Global Economy to open up and for the United Kingdom and United States, where we have very did did dominant sectors opening of global sever sector potentially greet deal in terms of these of prosperity and jobs. You mentioned wto getting to work better can you talk a little bit about what is broken about the witch to the geneva based organization are a by traits disagreements between United States china uk why does it need to be to be working better . Well, remember first of all, wto is not something that is done to us it is something we cry with United States and uk but was set up in 1995. And Global Economy was quite different there one of the reservations we have is that while it is still of enormous importance if it didnt exist would have to invote on may be not as ajil itout ought to be we dont have global governanceance on digit economy ecommerce looking at ways in which we can speed that up i was in geneva talking to director general about last week exploring ideas very helpful encouraging to have the u. S. Administration working with us on that. When you say services what i want to know is Financial Services i mean you know london is one area, in uk, that has become a real hub for Financial Transactions wall street has major hub in london are they going to have to move out find a place in your zone to make European Headquarters or are you going to be able to do a deal with u. S. That allows you wall street firms to keep their people in london. Well one of the reasons london is a successful Financial Center we have a very deep professional Financial Services infrastructure doesnt exist anywhere else if you look at the rankings in terms of global financialers . You see london new york at number one and two, the next european, is 23, frank o fort paris 28. So in terms of a realistic view of Financial Services london is likely to remain preeminent only in negotiations with European Union trying to sure that we get as little disruption as possible the bottom line is that anything that the European Union in he negotiations would do that would harm london is likely to harm you european businesses and able to to access capital. Hmm point of contention around importation of chlorine washed chickens in u. S. Reports you are in favor of relaxs certainly rules like this to secure a deal right. No, not right. The it is kind of the end point of a single sector, in negotiations long way down the line. We must he relatively small issues like that stand in the way of big negotiations people dont object to the fact salads we buy . Smrments are washed in chlorine, and as far as i am concerned no one forced to buy anything, no one forced to eat as a consumer you got to keep in o proportion i think to the biggest arguments how do we hope Global Economy expand more prosperity jobs for a populations the trading system to work better the big picture things that i think we need to concentrate on. Maria absolutely good to see you thanks so much we will be watching the developments, still to come samsung go pharmaceuticals south korean giant bringing a cheaper turn to bestselling drugs uncoupled new venture next hour on mornings with maria right here. Wheres jack . Hes on holiday. What do you need . I need the temperature for pipe five. Ask the new guy. The new guy . Jack trained him. Jacks guidance would be to maintain the temperature at negative 160 degrees celsius. That doesnt sound like jack. Actually, jack would say, hey mate, just cool it to minus 160 and were set. Good on ya. Oh yeah. Thats jack. Maria welcome back. Good tuesday morning. Thanks so much for joining us i am Maria Bartiromo. It is tuesday, july 25 top stories right now 8 00 a. M. On the east coast, all eyes on senate this morning republicans are facing new pressure to repeal obamacare, the president had a warning for lawmakers last night, pushing them to fulfill campaign promising promises. Every republican running for office promised immediate relief from this disastrous law we as party must fulfill that so willm promise to the voters of this country to repeal and replace obamacare is dead. That is the one that is besides that it is failing. Latest on crucial vote as senator john mccain heads back to washington today after hays cancer diagnosis more shakeups may be coming to the white house president calling outs attorney general Jeff Sessions over twitter this morning, inside reports suggest chief of staff Reince Priebus could be headed for the exit, you earnings setting tone on wall street five Dow Companies reporting ahead of the open a beat from caterpillar lifting dow futures take a look at caterpillar up 5 tstock opening 5 year hi mcdonalds hitting tape earnings revenue beat expectations the stock up almost 2 as a result take a look it is a markets futures indicating higher opening for broader averages a gain of about 100 on dow industrials nasdaq s p 500 in positive territory. In europe similar story stocks pushing higher in germany investors looking at up abate report on business incent hitting a record high dax up 3 have of a percent ft 100 up 60 points, cac quarante up better than 1 , in asia overnight, really flat story markets near flat finally saws at the close, plus samsung into a new Market Pharmaceuticals details on newly released drug ahead michael going shopping will acquire jimmy chew for 1. 2 billion dollars choo company up on news joining me to talk about it dagen mcdowell,ing global sxhiekz editor Jon Hilsenrath realclearpolitics enabler political reporter is here great to see you good morning. I just want to bring up quickly democrats knew a better deal seemed dead on arrival yesterday number one all their networks Mainstream Media not covering it because busy talking about Jared Kushner, and President Trump, and the potential for a self pardon then you have they see democrats trying to remessage remessage the party and saying the same old thing talking about 15 dollar minimum wage not talking about trade. Talking about the government, about negotiating drug prices and nancy pelosi standing there looking like she is just wonto wants to figure out where she can get a chocolate in rural virginia. The great point how cab the party kind of rebrand remessage, rebuild, with the same leadership . I mean they are stand there go with same leaders that they had no idea good point. No new ideas, they it was telling that they feel like they have to reach out to supporters. Time out on political. Go ahead. We talk politics all the time caterpillar beat earnings and the dow is going to open up again i think really going on in the economy right now. We talked about that for like 15 minutes. 15 minutes ago [laughter] we. You are right. Twitter all morning, President Trump, this is what is really driving the marks market. Scat pillar up 5 on news, you think this is really important, because it highlights economy getting better. Right for anyone has got money in the market that is why your portfolio is going up not draz trump republicans, caterpillar. Im sorry Jon Hilsenrath good point mcdonalds beating estimates, joining the conversation ceo cofounder of affirm paypal cofounder levchin in the studio eric cantor will join us host of Varney CompanyStuart Varney weighs in a lot to talk about big program stay with us, on this, as we kick off our top story right here, health care, the showdown happening on capitol hill lawmakers gearing up to repeal obamacare senator so you know john mccain returns to wakt President Trump cinnamon paul weighed . After seven years saying repeal and replace obamacare do it hopefully they do it. What are we going to be voting on last week we were told would be 2015 bill which is a clean repeal still partial repeal i wish i could repeal hole chiepg going to present a partial repeal or Senate Republican leadership plan i think does not repeal but a cast of Government Program spending the kitchen sink throwing in money in for anybody that they think they can apply off to get on the bill. Maria President Trump tweeted this morning this, saying obamacare is torturing American People democrats fooled people long enough, repeal or repeal and replace. I have pen in hand he says joining is right now white house director of legislative Affairs Mark Short good to have you on Program Thanks for joining us. Thanks for having me on. What is the president doing to push the agenda forward . We know what happened in the house they had to take bite at apple twice now here we are, waiting on a bill from the senate. What can the president do . Well maria we are excited for the vote we think one more step in finally ending the obamacare nightmare after seven years, it is clear obamacare continuing to collapse to flee markets for next year we will have roughly 141 you insurers two years ago there was 280 in the marketplace, it is continuing to collapse rates premiums continue going up obamacare was passed we were promised would decline roughly 2500 dollars per plan in fact have gone up over 3,000 dollars per plan, so it continues to fall apart republicans made this promise seven years since 2010 he is trying to encourage members get there you showed remarks from yesterday he continues to call members throughout weekend through the last week to make sure we get the votes necessary today. Do we know that we have the votes, i mean do you know that you have you have 50 votes in the senate today, for this bill also, what is the bill is it a straight out repeal or a repeal and replace . That is what a lot of people are questioning. Maria the opportunity to vote on each. That is the way the greatest deliberative body in the world works o open paement processes will bring up votes repeal from 2015 a majority of republicans support this at that time, for those who want a full repeal and replace will have opportunity to vote on that other members want to see other things continue to approve plan moving forward will have the opportunity to offer senators get the vote on each. An editorial if the wall street journal have to morning i want your attention to this questioning whether republicans can govern urging senators vote on state of obamacare what it reads in part what is becoming clearer every day some gop senators would rather not vote on health care at all. They would rather talk in cloak rooms until time runs out of this Congress Voters want to see the who Horns Campaign promising especially who doesnt call the roll what is your take on this i have been asked similar question last two weeks do the republicans really want this president to succeed. Wall street journal echoed remarks made this is a promise made to voters seven years voters are frustrated feel appointed in the leadership in washington they feel promises made have been broken want a change, so it is time to get on to a bill it is time to begin to deliver, president said here six months pen in hand ready to sign legislation, we are anxious to get bill in front of him that he can sign, today is the next step in that probative, and we are excited for the vote we think another step forward for us. Mark, he honestly i think American People would like to see this progress happen, they want to see the the Campaign Promises executed like the president s plans for health care and plans for tax reform. But how unhelpful when president tweets throwing Jeff Sessions under the bus. He tlifrd on promise to Supreme CourtFirst Administration since 1881 get a Supreme Court justice confirmed first 100 days delivered to rice Regulatory Burden in the house there will be another vote, overturning cfp. D. Recent ruling a the president has reduced Regulatory Burden i think as you talk about, what the markets doing in many cases reaction the economy finally say do no more harm what happened last 8 years wake up each day with a new regulatory affront on business, this administration this president promised he would repeal that, and pulling it back piece by piece by piece, he is trying to do best that he can to pull back regulatory state in washington year looking for congresss cooperation one big part is obamacare regulations inside obamacare crippling to Health Insurance industry to take next stop today we are continuing to advance we look forward to health care as you said this a full advancing tax reform you delivering tax relief help get economy growing what we need to do to hope return jobs this this country. No doubt about it waiting on gdp this week, and we are talking about growth 1 1 2, most people believe tax reform moves needle on Economic Growth, i want to ask you john mccain is back today, after being diagnosed with brain cancer is he the 50th get do you know yes . We are excited of john mccain back he is American Hero he certainly showing once again courage o we look forward to having him whether 50th, 51st we are invited to have him back. I dont know that you can say rand paul says no Susan Collins said no shelley, so i am just wondering do you know that you do are have you seen nos turn to yes over the last 48 hours. Wean a lot more members go comfortable with where we are headed comfortable understanding if we are going to make changes we have to get on the bill, so we are very encouraged where we stand right now look forward to votes. The vote this this afternoon then what happens walk us through how legislative process takes place, after you he get this vote under way tonight. On budget reconciliation process open amendment process i think you will see what is called votearama democrats have opportunity to offer unlimited amendments as will republicans an opportunity to try to put together the best bill possible, then brought to the house for conference report, and then those two bills merge to bring a bill to the president positionings desk to sign so we have to get in order to actually get to relief for obamacare we first have to get on the bill that is the case the president has been making to American People for several days, despite all debate, despite all the different interests various senators want none can happen until bill then amendment process the beauty of the american process the beauty of the United States senate none predict how it is going to finish weve got there that is what days vote is. We will watch developments appreciate it very much mark short at the white house mcdonalds delivers Second Quarter stock up 2 1 2 , after a double beat from the fastfood giant we are breaking down numbers better than you johned. Johnson johnson bestselling arthritis drug what the move could mean for the industry back in a moment. Yes. So let me ask you this. How does diabetes affect your heart . It doesnt, does it . Actually, it does. Type 2 diabetes can make you twice as likely to die from a cardiovascular event, like a heart attack or stroke. And with Heart Disease, your risk is even higher. You didnt know that. No. Yeah. But, wait, theres good news for adults who have type 2 diabetes and Heart Disease. Jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. Jardiance is proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and Heart Disease and lower your a1c. Jardiance can cause serious side effects including dehydration. This may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. Ketoacidosis is a serious side effect that may be fatal. Symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. Stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. Symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. Do not take jardiance if you are on dialysis or have severe kidney problems. Other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. Taking jardiance with a sulfonylurea or insulin may cause low blood sugar. Tell your doctor about all the medicines you take and if you have any medical conditions. So now that you know all that, what do you think . That its time to think about jardiance. Ask your doctor about jardiance. And get to the heart of what matters. Casper makes one perfect supportive and comfortable. Premium foam layers. Breathable for airflow. Perfect rebound, plus perfect lift. Pick your size, you get 100 nights to test it out. Test the layers, be a layer, casper. Samsung in u. S. Pharmaceutical business cheryl good morning. Cheryl this is interesting south Korea Samsung releasing Rheumatoid Arthritis drug 35 of a discount over current price follows approval by fda in april, samsung sells two drugs over in europe. Another black eye for wells fargo, bank says it accidentally released confidential information on tens of thousands wealth adviser clients in response to subpoena related to a defamation lawsuit against a wells fargo adviser, the bank failed to redact information that was turned over in response to the lawsuit, now working to get information back, before its exposed, elsewhere. Well, President Trump criticized mar maishthsdz vehicles outside the u. S. More plentiful on american car lots data showing one in five cars built in zone come from mexico, this is because ought makers moving production of suvs to mexico. Earnings pouring in lets start with mcdonalds reporting betterthanexpected earnings per share revenue Second Quarter same stole sale. 6 from a year ago up almost 3 premarket stocks the dow scat pillar in premarket after equipment makers earnings preclude past estimates this dow component on track to hit highest more than five years, as december 30, three points to the dow about an hour and 14 minutes from now stock up more than 5 premarket, and talk about carmakers General Electric right now came out betterthanexpected quarterly profits revenue an issue stockstill down 1. 31 in the premarket, so stock to watch today, they are maintaining Earnings Guidance for 2017, maria, so we will see how that stock kind of goes in trading. Maria thank you know why i like this rally based on fundamentals strength you see good earnings coming out. We have a lot of companies beneath mcdonalds all beating earnings. Global economy healthy u. S. Economy is doing okay. The rest of the world is economy doing well. For the first time in a long time we have things synchronized europe has been in and out of recession last few years finally are moving in the right direction, china has slowed down, but its growing so o we finally have whole world all moving moderately in the right direction. Jon pointed this out time and again, that in order to explain to people at home that this was this rally isnt just about the agenda because the agenda seems stalled at this point out of washington, at least not short run, this is why the market keeps rallying i think that is incredibly important but the worse Case Scenario out of washington is hey at least we know taxes are not going up there arent going to be the wild overregulation of the years of the Obama Administration that is also positive. Talk earlier without legislation regulatory agenda as you were saying advancing. You focused on that, and i think a lot of people would be supportive. Let me bring tweet the president just putting out right now, he says, the president says, working on major trade deal with United Kingdom could be very big exciting, jobs, the eu is have you protectionist with u. S. Jobs we just obviously heard from fox working on that deal, it looks like uk u. S. Will come together, in a trade deal both sides want to do something. I think watching the program. Maybe. I think this is this is Something Else that the market is waking up to a lot of worries about protectionism all around the world, the president has taken a moderate line so far, on mexico, china so were not falling into like really damaging trade wars at least at this point. We are take a break when we come back talking tech alphabet shares under pressure after the company had a record eu fine, weighed on profits we will take a look whether Technology Giant could face more problems the hill deal michael stepping to up acquire shoemaker jimmy choo shares down 3 4 of a percent back in a your Insurance Company wont replace the full value of your totaled new car. The guy says you picked the wrong insurance plan. No, i picked the wrong Insurance Company. With Liberty Mutual new car replacement™, you wont have to worry about replacing your car because youll get the full value back including depreciation. Switch and you could save 782 on home and auto insurance. Call for a free quote today. Liberty stands with you™. Liberty mutual insurance. One of the top tech Companies Reporting google parent alphabet betterthanexpected Quarterly Earnings after close yesterday giant reported 5. 01 a share roughly 26 billion dollars in revenue down to a year ago but the results weighed down by company eu fine, of course, European Union fined google recently stock lower this morning ahead of the open on the heels of earnings numbers i want to bring in ceo founder of affirm max levchin with us great to see you i want to ask about broadly speaking technology i see so much recently you are in rounds of raising money for one but you created paypal a firm, look at the landscape where is growth in tech. One of the trends not talked about impossible to overestimate shift to mobile if you look at the secular trend all over world certainly this country kind of a lagard compared to the rest of the world desktop computing shopping everything to mobile tablets unbelievable forfeits probably single most powerful the mirror image what happens in the back server land to a cloud alphabet, wgs diversification from advertising business price per click starts dropping they have to diversify strong evident is trying catch up with amazon cloud offering. Good point you are talking about growth obviously in the cloud, and growth also in mobility that is a wide swath of companies. There is a lot going on there. Really is lets talk about affirm reinventing ask Consumer Credit services you say most people dont trust banks. Not that they dont trust they dont feel great about banks, i think for a long time out of the norm you dont really think your personal Financial Institution has your best interests in mind, you sort of think you got to watch your back and they will watch theirs, i think a real opportunity to create a greet brand what they are trying to go, consumer is first create access for those that have been excluded by system that is what half been doing. 1,000 Retail Partners when on with us last time, couple months ago you had announced handed out one millionth lon today another announcement. 1,000 Retail Partners, point of sale financing for s consumers honesty transparent way 1,000 major merchants promote us to customers, is really amazing, the best number that is quadrupled we have done well more than a million loans never charged a signel fee to consumer it is done how to you do that how do you monetize that business. Merchants pay us a little bit, and we obviously about charge consumers interest the fee referring to things people dont expect number one tenet built around the one hundred percent transparent about price once you tell khmer here is what the loan will cost you never change price never trick, never make funny zero percent today o tomorrow, the scams we despise. Explain how Regulatory Environment plays into this you look at walmart moving die ferd interest from card programs. This was important. I think it was unequivocally great, schemes seem great to he customers are deceptive many find themselves in receiving end of debt did not expect the fact they said offerings great regulators should support Regulatory Environment has been catching up to what is happening in Silicon Valley companies are helping to modern ides financing so far the relationship fairly harmonious. You have been calling out in oped in courts you talk about president s plan to resigned International Entrepreneur rule you want people to subject Public Comment to dhs why do you feel this is so important i want administration to move to resigned this, makes absolutely no sense you say for the economy. A personal issue, i came to this country as teenage started First Company k3e7 years later have been starting Companies Since there are many issues in immigration it is important to separate them out one that i am passionate about is the high skill especially restructure comes to country with everything to lose want to create more opportunity for themselves, for everyone around them, so entrepreneur rule designed to may be abling process simpler not eliminate vetting not Due Diligence but to create more opportunities for immigrants to Start Companies here. A lot of good points i felt that oped was great before you go, you recently were part of the round to raise what was attractive about this company. I watched ebay reinvote on classified industry and i thought, it was Amazing Company part of ebay when i ran into guys i realized reinventing in solicit to mobile i couldnt stay say away from the opportunity. Wow so reinventing classified you are putting furniture on a mobile app, really cool stuff, great to o see you thank you for joining us, the cofounder of paypal affirm we break when we come back Republican Health care push President Trump tweeting this will be very interesting for health care the dems obstructionists republicans can have great victory for the peel latest ahead of todays vote on the obamacare overhaul. Experience unparalleled luxury at the lexus golden opportunity sales event before it ends. Choose from the is turbo, es 350 or nx turbo for 299 a month for 36 months if you lease now. Experience amazing at your lexus dealer. For her compassion and care. He spent decades fighting to give families a second chance. But to help others, they first had to protect themselves. I have afib. Even for a nurse, its complicated. And it puts me at higher risk of stroke. That would be devastating. I had to learn all i could to help protect myself. Once i got the facts, my doctor and i chose xarelto®. Xarelto®. To help keep me protected. Oncedaily xarelto®, a latestgeneration blood thinner. Significantly lowers the risk of stroke in people with afib not caused by a heart valve problem. It has similar effectiveness to warfarin. Xarelto® works differently. Warfarin interferes with at least 6 bloodclotting factors. Xarelto® is selective, targeting just one critical factor interacting with less of your bodys natural bloodclotting function. For afib patients wellmanaged on warfarin, there is limited information on how xarelto® compares in reducing the risk of stroke. Dont stop taking xarelto® without talking to your doctor, as this may increase risk of stroke. While taking, you may bruise more easily, or take longer for bleeding to stop. It may increase your risk of bleeding if you take certain medicines. Xarelto® can cause serious, and in rare cases, fatal bleeding. Get help right away for unexpected bleeding, unusual bruising, or tingling. If youve had spinal anesthesia, watch for back pain or any nerve or musclerelated signs or symptoms. Do not take xarelto® if you have an artificial heart valve or abnormal bleeding. Tell your doctor before all planned medical or dental procedures. And before starting xarelto®about any conditions, such as kidney, liver, or bleeding problems. Its important to learn all you can. To help protect yourself from a stroke. Talk to your doctor about xarelto®. Theres more to know™. Maria good tuesday morning. Thanks for being us with i am Maria Bartiromo tuesday, july 25. Your top stories right now 8 30 a. M. On the east coast. Health care debate rages on this morning, in washington, Senate Republicans facing a key vote today, to move forward on rolling back obamacare. The vote is so important senator john mccain is returning to washington following his cancer diagnosis, today. President trump tweeted on vote moments ago here is what he is saying this will be a very interesting at a for health care damage obstructionists the republicans can have a great vieblth for the people vote as white house fights back against russia election meddling claims sr. , adviser Jared Kushner returns to capitol hill for further questioning following his testimony before the senate yesterday. I did not colluded with russia nor do i no of anyone else in campaign who did so i had no improper tax contacts i have nod riled on russian funds for business i have been fully transparent providing all requested information. President trump praised soninlaws performance tweeting Jared Kushner did very well yesterday approving he did not colluded with russians next up 11yearold baron trump. Wow big names reporting have to morning mcdonalds Caterpillar Companies topped xapgs, both stocks up lifting market caterpillar up 4 havd being marking 2 1 2 futures big rally dow industrials highs of the morning right now up better than 100 points a half percent nasdaq s p 500 also in positive territory. Similar happening in europe to look at live numbers here ft 100 up a percent cac quarante up better than 1 dax up twothirds of 1 in asia overnight a flat story stocks, close to the flatline as you see, michael kors puts best foot forward Details Behind kors acquiring jimmy chew 1. Jimmy choo, closed lower yesterday today looking at gain twothirds of a percent on news, as the space race heats up a look at what could be a ride to the final frontier inside blue origin capsule next ahead first top story this half hour President Trump calling for party to get their act together on health care this coming as senator john mccain is head back to capitol hill this morning being diagnosed with brain cancer blake burman live at the white house with very lites good morning to you. Reporter maria, good morning to you President Trump indeed is continuing this push, this morning as weve seen, from the white house, as well, imploring republican senators nearly to just take up debate as relates to Health Care Reform the president has unlooshd a series of tweets already in which he starting off with following quote, big day for health care, after seven years of talking, we will soon see whether or not republicans are willing to step up to the plate, now this comes after the president issuing this challenge yesterday, here from white house, on a speech, he directed solely on Health Care Reform. Every member of of the senate i say this the American People have waited long enough. There has been enough talk. And no action. Now is the time for action. We are here to solve problems. For the people. Reporter at issue vote would allow debate to proceed on repealing and replacing obamacare otherwise known as motion to proceed there are two major questions though a that surround that first, do republicans have votes to clear 51 votes threshold and then a if they do, how will they coalesce to pass some sort of a bill after that there are still plenty of skeptics, including senator rand paul. Conservatives are getting squat in this bill getting nothing no promise of clean repeal vote if not going to talk with conservatives if we are concluded conservatives dont need to participate in this. The efforts to get a vote to the floor motion to proceed got a pretty big boost unexpected one at that last night senator john mccain announced that he would be coming back here to washington, today. For this vote, still, though, plenty of uncertainty surrounding it Going Forward you can expect the president to continue with his message later tonight as he heads on the road for a big rally in ohio. Back to you. Thanks so much blake burman white house bring in former House Majority leader form virginia congressman eric cantor you are in private sector you dont have to deal with backandforth. Amazing thing the private sector in our country, as i said before, it is a very optimistic time for a lot of people, but still there are a lot of people hurting but right now, some optimism in the terms of corporate servers, and as we can see on earnings season pretty impressive top line and bottom line performance. Yes, so have you have you happy have you learned anything different in in terms of of being at the company from a lawmaker has your opinion changed now actually being right there. I can say results matter, and actions have consequences, so something that frankly has hard time setting in in washington. You dont miss it . [laughter] we all care about our country obviously, you know this show at the intersection of business, and policy and politics i think, you know we are seeing increasingly, you know this town and if not the world, of business period is watching what happens in washington, to see if they can unleash more of the kind of o innovation and Growth Potential weve got. This optimism congressman hold up in terms of what we see in hiring, in growth Earnings Growth can it hold up if you get nothing out of washington . From the republicans . Promised agenda. I think the environment that weve got now with President Trump administration, in office, versus what we were suffering under before for last 8 years under Obama Administration, it is simply the difference of having a a federal government in wosht not diversionary trying to be a pattern to enable risks boost investment create jobs and debilitating in and of itself i this i in the market if we can get policy wins tax reform get health care thing done i think you are going to see a tree surge in optimism. That was the point i was clumsily making is that worse Case Scenario is that you you know that this administration and this congress isnt go to say raise taxes isnt going to add on more look what democrats rolled out yesterday. Better 2 better deal. I mean i think the people just sort of shrugged that off accuse at the know no likelihood of Bernie SandersElizabeth Warren getting out the remainingously crazy agenda through because republicans are in charge. Taxes, how do you see tax debate playing out final months of the year what do you think Republican Party is actual going to get done. The Republican Party at its core, is about giving people back more of their hardearned mon money, starving government to see private sector thrive i think we are going to see tax reform o done but what just tax cuts we are running out of time; right . I think nod to get real growth in our economy, we need to see some reform, and that is why you are right maria it is the clock is ticking that is why they have got to get this health care thing done so we can get on to what really helped grow our economy that is tax reform. About what can we actually get done. I do think will bring down carpet rate i think not going to probably be as low as what is originally stated by the president , i think probably going to be somewhere in the mid 20s, i think the the international piece, of getting straight the Competitive Position of our multinationals through territorial tax reform we seo need to see that people in washed snunz smoechd to come all the way down o to 10 . I am not sure they get there at the end of the day we have heard secretary mnuchin, President Trump others say middle class tax reform all in mix tough dizzying to be made mow you come up with the revenues to pay for rates go down. Absolutely. I dont see how they not do that. Who is a behind closed doors why cant they come to agreement youve got senators saying up is not voting out of the Senate Health care. It is an interesting sort of element that is sort of comes into play, when you bring a bill to the floor. You know, so there is a lot of posturing theoretical right now Mitch Mcconnell intent on saying we need to finally stop talking and act the act of bringing this bill up will put members of the senate on spot say it is real now not just theory, real that is what i think leader mcconnell is counting on we in the house when i was there for all those years made a big difference when you are there with that voting card ready, when the bill comes up. If i was a republican, in the house i would be right out hot angry. Over the fact that these senators many of them just want more and more flop in the trough for them to eat. They didnt vote on the house bill the house goes back twice, gets a bill out, and they just oh we are going to start from scratch rip it upstart from scratch what was that about why not vote on the house bill you are handed. In a way the components of the house bill are still in the basis senate bill i this i this has bone sort of all this addition but is it sig give control to the states allow them to Design Health care for Medicaid Program make sure you are lifting mandates of obamacare had in taxes structurally there is a lot of similarlarity between what senate will bring up and house. What does it say about party if they cant get this done also does the president have any leverage here i mean sitting in a 34 approval operating in some polls, you have seen republican senators saying they are not necessarily going to vote for it case he wants them to there is plenty of leverage, comes from the white house. And especially when you have United Government things have happened you saw under obama, we saw when president bush was there big things can happen, Medicare Part d under bush because we had republicans working with republicans so i think you know todays game day you are going to see i think a majority of members of the senate say you know what we dont want to fail, so weve got to get on to at least discussing this bill. Shakeup at the white house Anthony Scaramucci in there new Communications Director a lot of people saying Reince Priebus is out two separate sources told me Reince Priebus byes leaving but have not come up with a date. Donald trump was elected, by the American People, to shake things up on outsider said i am going to disrupt status quo in that tendon he is doing it right to do it and i think we are going to see that on American People want to get rid of you know what they perceive as dysfunctional city and donald trump is in there trying to do out. Disrupt he has, great to see you. Thank you so much eric cantor we will be right back. Stay with us. Maria welcome back michael kors stent up glamour acquiring shoemaker jimmy choo 1. 2 billion dollars Nicole Petallides on floor of the New York Stock Exchange watching right now. That is right good morning. We are saying Conference Call read some headlines they said they are looking for more acquisition, in International Markets michael kors hire right now a quarter of 1 , michael kors lost 65 paris, of its market value in the last several years so they really wanted to expand in other markets, to bring in, obviously new shoppers the like they also hope to more than double jimmy choo sales to a billion dollars watching Michael Kors Jimmy Choo power will stilettos, chipotle thick of earnings chipotle reporting after the bell last week right now seeing up a half , but last week they had another situation, of illness one Virginia Store said rat fell from ceiling in dallas store not headlines chipotle wants they suffered since 2015 looked for earnings per share 2. 18 estimates 1. 19 billion after bell mcdonalds higher this morning. Thank you so much Nicole Petallides on wall street this morning watching stocks, jeff bezos could hold a new title richest person in the world according to foreclosures ecustomers ceo poised to overtake bill gates as amazon stock soars Stuart Varney. Really. A way to a personalize story of Big Technology companies before trading starts jeff bezos founder of amazon is worth 88 billion dollars that is his net worth as we speak. Bill gates, who is richest in the world best part of a generation 91 billion dollars. So if amazon opens what 3, 4, 5 bucks at some point higher, then you will see a new title holder richest person in the world jeff bezos, look that is a backdrop to what is going on in our financial lives, the wall street trading has been totally dominated by five major Technology Companies each of those has produced massive welt, very few jobs, and a founder who is worth tens of billions of dollars i think one of the most important stories of our time maria. Maria you are absolutely right five companies three trillion market value right now stu thank you so much see you 10 minutes more on that Varney Company begins top of the hour after mornings with maria join stuart coming up the biggest air show to take off we are live in wisconsin next with the jetsetters making history, at this years event including jeo jeff bezos Aerospace Company blue origin back in a minute. Your Insurance Company wont replace the full value of your totaled new car. The guy says you picked the wrong insurance plan. No, i picked the wrong Insurance Company. With Liberty Mutual new car replacement™, you wont have to worry about replacing your car because youll get the full value back including depreciation. Switch and you could save 782 on home and auto insurance. Call for a free quote today. Liberty stands with you™. Liberty mutual insurance. Nothing but a hound dog crocking all the time you aint nothing but a hound dog crocking all the time. Thousands of enthusiasts coming together to celebrate latest integratest Worlds Largest air show in or about korb wisconsin jeff flock live owing with the very latest. Reporter i wish you were here so much to see that is no communication a b 29 super fortress restored, in fact this one, and there is another one over there, called fifi, First Time Since korean war that two b29 super for the recesses have been in the air at the same time that is same plane, by the way, that carried atomic bombs over her shah nagasaki a c47 led dday invasion, and then, maybe you he see off to the right there, that is a b that is a b2 Stealth Bomber i tell you here is the star of the show i think, maria, look at this, blue origin, this is a rocket perhaps you see they are clearing the way thank you so much already in space five times came down, to land just as the way you see it right there with those you know those wings off to the side pretty cool but here is something that maybe you havent seen before that is the rocket that puts it into space, this is the capsule maybe you maria if you would like to once they get this rolling, can actually be inside and go in space we are going to give you a look a live look first ever done inside this thing. Can you get in here on in can you crawl in maybe a little bit seats would you sit in, like first class, in a airplane. And recline look at windows biggest ever for spacecraft. So that you can see out, and see the world. Blue origin by the way planes flying over us as well, blue origin gets it name, of course, Jeff Bezos Company maybe worth 88 billion dollars spent quite a bit on Technology Blue or jen gets name from you look back from space at earth it looks blue i leave you a a picture of ole aircraft not going as high as blue areorigin if it flies it i inner osh kosh. Dagen dad used to go to that show private pilot a real destination event and in wisconsin you know we love people of wisconsin. Yes, we do. Everything in wisconsin. Jeff flock thank you a break final thoughts from allstar panel right here. Stay with us. I am totally blind. And non24 can make me show up too early. Or too late. Or make me feel like im not really there. Talk to your doctor, and call 8442342424. 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Look at caterpillar today and does it continue . Looks like it is going to. The market is counting on it. Maria market a good. Dagen hammering and criticizing the existing employees publicly does not help in hiring their potential replacement. The president tweeted about Jeff Sessions a lot. Have a great day. Lets get to varney and company. Stuart this is it this is the day the Republican Party decides whether they can govern or not. Either the grand old party or a political joke. Good morning. That sounds a bit strong, does it not . A political joke . It is down to a single vote today. Will the republicans in the senate vote to debate healthcare or not . That simple. No vote cut it off right now. In my opinion it destroys the Republican Party but a yes vote means they keep talking. Despite brain cancer john mccain returns to the senate to vote