Transcripts For FBC Mornings With Maria Bartiromo 20170801

The market may infect open a 22,000 this morning. Take a look at the euro zone indices this morning. Ft 100 up two thirds of a percent in the dax index of two thirds as well. Gains across the board to report. The hang seng in hong kong and the kospi in korea. On to the white house another major shakeout. Anthony scaramucci has been taking out his medications director less than two weeks after taking a job. The issue reportedly coming from the white house chief is not, general john kelly during his first day. The administration looking to move forward in policy as the holds a meaningless mall Business Owners this afternoon. Look at tax reform and prospects as well. New developments in the investigation into the congressional base all shooting in the Capitol Police went to the wrong location first. They went to the home of House Minority leader nance nicolosi instead of going to the baseball field. What we know coming up this morning. Chaos in venezuela. Opposition leaders taken from their homes overnight after the u. S. Nicholas under zero freezing its assets. Yesterdays outrageous seizure of absolute power to the sham election of the National Constituent assembly represent a very serious blow to democracy in our hemisphere. They have strong and swift reactions of the regime went forward imposing the National Constituent assembly on the venezuelan people and he will keep that promise. Maria the very latest coming up this morning. Hbo has been hacked. Weve got the details on the upcoming episodes. They been released online. Talking about it with details coming out. Starbucks latest drink is now served with beef jerky. Stories come out this morning. Germania talk about it coming taken the towel, ceo and president Discovery Communications, the dealmaker of the day, the new king of cable comment dave zaslav. Also joining us, head of research capturing rivera is here. Good to see you. A lot to talk about. Congratulations. Thank you never reappears then it to journal called a cable deal based on comfort food because shes got things like home and garden. Diy. Maria all going with discovery network. Its really not about just the channels although they have some terrific channels also. Its about the ip that they own. Together in the u. S. In terms of our cable portfolio, cars which is found in discovery will have 20 for the viewership on Cable Television. Whats more important is the transition for this. The 7 billion of these claims. We as a Company Owned of our content on all platforms. And so, we take all of that content producing the dozen hours, over 300,000 hours in being able to play with that content in different languages around the world in trying get onto the transition. Thats its going on the media. Whos going to have onto the phone and device . Maria initially back in the 90s we were beginning a massive consolidation. Its all about content. Today once again its the same. Content is king. Content has become valuable. No question about it. As we look across europe, the distributors now will be one distributor that will give your broadband, phone, multichannel and a few worry kiddo bombarded the street and faces your provider, they probably are going to even know. More and more they need something to be commoditized. Ip, content makes them special. Thats why we did europe. We spent six or a billion on sports and thats why we did scripps because these affinity groups commit affinity groups, people do love food, cooking, home, country. It is like super fans. Right now mostly on its cable channels around the world. More and more research to reach them by taking the flexibility to take the ip right to the phone, onto the devices in skinny bundles. Maria i can check all those categories. Food, sports. Women come the millennial of these are really important group. Dagen to your point, when the news broke of discussion of the deal that i said this way you can control the delivery of all this content that youre in charge of it. If your customer, if your viewer, i live in that but im willing to pay the money. Now what script has to offer im willing to do that. You control it if i want this. Thats really important point. The ecosystem is dod. We provide content to distributors. Directv, comcast, Great Companies for consumers of basic cable. That ecosystem is still very healthy. Its a slight decline, but on the world its so very healthy. Half the money we make us from subscribers. The transition over the next five to 10 years is going to wreck to consumer worry now is to look at quality brands in the u. S. Was number one for africanamericans cannot i. D. The number one channel for women in all the amazing scripps brands, we have something that if you look at the 20 or 30 million broadband subscribers today in the u. S. , they dont subscribe to cable, they have one choice and its netflix for 8. Someone can make the choices you say in going direct to consumer. We will do it with other programmers. We will do it with the existing minutes starting to have been a bit already. This will give us a leadin is the quality brands in the u. S. Male, female, all demographics come and give us a real chance to have some impact in the u. S. Maria incredible impact. Really powerful combination. More coming up this morning. Other things going on this morning, by the way. After 10 days on the job. Abu g was shown the door for lack of a better phrase by the white house chief is not. John kelly putting in a chain of command, putting a sense of order in the white house, which i would rack and the president is even craving at this point. Maria we will see if that actually happens. Order and discipline in the white house. During the conversation, not a lot with david to talk about the deal and whats going on in media and technology today. Military analyst jack king is with us to alabama senator Luther Strange talks about where we are context reform. The white house chief of staff mack mclarty is with us as well. You dont want to miss a moment of it. Stay with us. Top story dow watch current dow futures pushing towards 22,000. The s p 500 is the best month to february. One of the biggest names that are fiscal Third Quarter earnings. Expected to show a profit of 1. 57 a share. Revenue 44. 9 billion in the Third Quarter of apple. Investors looked to see what Technology Giants have to say about iphone sales and whether they fall in and purchases in anticipation of the iphone its returning us to write of the Capital Management chris godel sentence that best and thanks for joining us. What are you expecting out of the quarter this morning . Where should we be looking for in terms of the drivers in the last three months . And we could just get through this quarter, this quarter i think the sales of sevens and seven plus they make average selling. A real opportunity Going Forward. The iphone coming out, highend phone. I think you could see his super cycle in iphone for the next quarter. On the horizon for apple, we could very well see next quarter out of apple. Maria you see the consumer a strong as you would expect, they buy an iphone . It depends how much the iphone six, iphone a, iphone eight. The tenyear anniversary of the original iphone is pretty exciting news and a lot of reading to buy the iphone eight. What ill be looking for is demand in china. Demand in china and apple services. What are those things going to look like . Is there another trick up his sleeve of apple after the iphone it comes out . I think in china, in the sense that Networks Like that but okay, shut them off. They are really trying to make a mark in china. I think their sales to increase in china. It is still a status symbol to have the iphone there. Maria the importance of apple cannot be underestimated. Technology business. Will, apple is a very competitive platform. If you think two of the new players with consumer content its facebook, google and apple. Each of them starting to dip their feet into the water and above them getting in waist deep with original content. Eddy cue was aggressive and there have been several success by having their own music i p. On their platform. This commission can content themselves could face but getting into original content. So what used to be the traditional distributors now installing the consumer content. But the big piece as you say with apple services. Will they offer and devices or people will say wow . That is a home run for millennial that all Service Providers really want. Thats a huge burgeoning group of people consuming immensely. Theres some drawbacks to it, too. If you look at the coming of alexa, echo come you can see a real change and it may start to die down. Who knows what we could just call and alexa and that might change some things are apple and for some competition out for them. Dagen we cannot forget google home. A Similar Service and thats why its popular as alexa. I was at the Family Member over the weekend and we were joking about erie and witty jokes. His. When you compare performance to alexei that you can even put those two ladies in the same category. Apple has a lot of work to do. If it doesnt begin to show signs of stepping up in terms of voice in the home controlling how you interact with your devices when youre not Walking Around in the street or driving. Maria is an interesting point. Even if the media guys say the apples of the world have original content, and they get with it in terms of alexei. They have the technology issue, which theyve both been a great job and continue to innovate. Apples or is it the idea of satisfying the consumer. Thats first the job started as opposed to creating a piece of content saying i hope because to my likes it, he started with what is the consumer going to get nourished by a mob or google starts with analytics. One is more of a technology company. Apple is technology, but its really driven by trying to create a product people love. It will be interesting to see how they attack ip and content. Maria chris, real quick on earnings. If this quarter going to be as strong as the first . The mac almost as strong as it continues on. Employment looks good. Maria thanks so much. Stay with fox business after the bell tonight 4 00 p. M. Back in a minute. Maria welcome back. Police reportedly responded to the wrong site after the shooting of the congressional baseball practice back in june. Cheryl casone with the details of the investigation. Training it is fascinating, maria. Good morning. The elite Tactical Team was directed to respond to the wrong location. The government of and by your bed struck congressman steve scalise. The team was originally acted to respond to House Minority leader nancy pelosi instead. It is unclear whether this has to go and are considering a transponder reissue as a possible con of that makes out. Meanwhile, a survey finding one of three americans to prescription opioid painkillers in 2015. According to the National Institute on drug abuse, 92 million americans use drugs like oxycontin or bike and maggie are in 5 of those adults took the drug without a doctors permission. The most commonly reported thursday the opioid friends and family. They says the white house Opiate Commission is asking the president to declare opioid use a National Emergency. The committee which is led by governor Chris Christie released a statement saying our nation is in a crisis aired our citizens are dying. We must act boldly to stop it. The Opioid Epidemic we are facing is unparalleled. The Commission Hopes by declaring a National Emergency the federal government will negotiate pricing and increased state grants for treatment availability. And then there is this paid the big spoiler alert reportedly suffering a major attack that exposes multiple episodes of upcoming shows, even making the script for an upcoming game of thrones episode. All this according to entertainment weekly. The Company Released a statement. Immediately began investigating the incident and working with on forstmann and outside every security firm. The protection of top priority we take seriously our responsibility to protect the data we hold. The hackers of argue hackers of our delete deficits from hbo shows including room 104. One of my favorite. Back to you. Maria all right. That is a problem. Thank you commissioner. David zaslav is that the embassy of Discovery Communications. How concerned is the threat of hackers . We hear about hbo tax the scripts online. The sony hack was really a wakeup call because not only was their loss of the ip, which is significant as it moves around the world. Only having this business in the content we create, but it also had all of the personal emails. And though, there was an embarrassment to it. Nobody wants everything you do in either the company to be analyzed for sentences that an email. It was a good wakeup call on two sides. One is we did an extensive training on emails. How do you protect it . The first thing you do is to recognize you dont know email. Its a business communication. Dont put anything in an email you would want to be read off of a script. Change the culture. Part of that is protecting the integrity of conversations in deliberations inside a company which came out of sony, which all of us, not just the media, the companies around the nation and world with a wakeup call. We have hired a significant forces on Media Companies have to protect their ip. That is what this ultimately. Maria as a company, you were protecting more. Significantly more. What should happen if every media company, every content company upped their investment in people to protect that ip. But we should really do is figure out a way to do it together. It was pretty inefficient. Software and technology trying to protect our ip. Scripps is doing it. A better way to do it where its much more effect embracing it to scale. Its a big issue. So we sell. Maria we will take a break. Tensions in venezuela. Protesters fall in the controversial both an increase president maduros fire. The action the white house is taking macs. John kelly sworn in as President Trump second chief of staff. The former Homeland Security secretary is taking straight ahead. 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™. What should i watch . Show me sports. Its so fluffy look at that fluffy unicorn hes so fluffy im gonna die your voice is awesome. The x1 voice remote. Xfinity. The future of awesome. Maria welcome back to chaos in venezuela. Citizens mr. Allen a controversial election that increase the power the countrys president , nicholas maduro. The white house claims about punishing a minute issued a statement freezing any assets he has a tenuous jurisdiction. Maduro is not just a bad leader. He is now a dictator. The United States stands with the people of venezuela in the face of this depression, all asset subject to u. S. Jurisdiction are frozen in u. S. Persons are prohibited from dealing. By sanctioning maduro, the United States makes clear our opposition to the policies of his regime and the support for the people of venezuela. Maria maduro fought back. He said human sanctions will intimidate him. A report this morning with leaders of the opposition have been taken from their homes. This serious situation, socialism gone completely wrong. Not that it was right ever. Common examples do do we need . Socialism is not its capitalism. This is an example of something coming crashing down. Its really important for people to know that arms are legal in venezuela. If people are sitting ducks, they land at the hand of police and the military that are armed by russia, armed by guys of our enemies in the guys had no method. We are coming in toward how much will the military fire on its own people . These people are assets defense list. This is that the Second Amendment is done. Its not just for hunting, maria. If your government goes back and you have to defend your son when the police is openly firing from on the ground color. Dagen we had Steve Mnuchin mentioning yesterday. The wall street journal lays out some of those things. Cut off the supply of oil flowing from the oil company in venezuela into u. S. Refineries along the gulf coast. You can prevent u. S. Companies from doing any business in venezuela. You can prevent penicillin businesses from doing Financial Transactions with u. S. Entities. There are a lot more steps. Would it hurt the venezuelan people . They are already in a dire situation, but it would have a very strong message. Maria would it stop . Is that his agenda. Maduro if you dont have the money to give people things, you know, you dont have to finance Income International financing with which to give more money to give away goodies. You dont have the oil revenue, which by the way doesnt go to the people. They get siphoned off by the government cronies. The sanctions so far do not impact the oil. They might well be her hearing is the u. S. Exports towards venezuela in for gasoline. They are sitting in the biggest reserves in the world and importing from the u. S. The next step is going to be dagen make them try to sell it to china. Sometimes things have to crumble to get better. I think marco rubio and iliana in miami are dead on that we need to take this regime crumbled to the ground, restrict imports of an assailant to the u. S. It will send Oil Prices Higher and they will be upset. I think thisll be the next that. It has been taught from a business. Two years ago they sent the devaluation they have not been able to get money. So there is a complete business breakdown. You cant invest in venezuela. The government has taken [inaudible] maria well take a break. Price of gas at north korea. Of the United States is trying to curve the program following the concerns of the countrys nuclear capabilities. President trump arms americas heroes. The president about the vietnam war veteran yesterday. Read ahead. Back in a moment. Rally on wall street continues, check out the powerful move, extending the triple digit move made yesterday when the dow closed at another record high. This would be the 30th high of the year yesterday and this morning. In asia overnight, gains across the board. Best performer was korea. Hang seng up three quarters of 1 . Call it the great Peanut Butter escape, how alabama inmates used the spread to break out of prison, yes, Peanut Butter. The big names that are headed to the new dugouts in the Major League Baseball. We have that story coming up. Forget the unicorn, bring on the beef, the starbucks drink thats bringing new meaning. New concerns surrounding north koreas missile capabilities. The kim jong un regime has finally developed a rocket that can reach the continental United States. Experts say that it is unclear how much damage it can inflict on a target. Midnight launch on friday night. This comes amid reports of unprecedented levels of marine activity in south korea. Yesterday the president to handle north korea head on. It will be handled. We handle everything. Maria China Foreign minister fired back to President Trumps criticism that the country is not doing enough to curve nuclear ambitions, they say the problem did not arrive in china and all problems need to find solution. Thank you so much for joining us. What kind of response are we going to see from the white house . We are on a collision course in china. The chinese evidencely made a commitment to President Trump that they were going to try to denuclearize north korea. The fact is they are i think to what they have always done and slow gain in the United States. They are going to begin some tough sanctions on china that we had never ever done before and try to move them in that direction. Thats the right course of action and cognizant that north korea is clearly accelerating Missile Program and they believe, maria, they think in the United States the end, thats what north korea is banking on. Maria yeah, things sob to be getting a lot more dangerous. Should the u. S. Be doing something now in order to get in front of this . Well, they are. We just dont see it that what they are doing is with every International Country thats doing business with north korea we are leveraging them to stop doing that business or you pay a price with the United States in terms of our relationship and theyre bringing to President Trump a series of tough sanctions on china. We will find out how tough they truly are when they approve them. He will likely approve those. Obviously we have a military option that we can execute at some point, but i think what north korea has told the United States, any military action that you take against us, we will assume that is war and then we will fire on south korea with rockets and missiles and Everything Else they have. Thats what they are counting that we will not take any military action because of that threat. Maria fascinating. Let me move onto whats going on in washington, general. President trump tapping a marine to bring order to the administration, general john kelly took over chief of staff yesterday and sworn in. According to the White House Press secretary Sarah Huckabee sanders will have full control to run things as he fits. General kelly will bring new structure to the white house and discipline and strength and we are really excited to work with him. General kelly has the full authority to carry out businesses he sees fit. Maria he got that commitment from the president himself, general, your thoughts on general kelly as the new chief of staff . Well, first of all, this is the super star in the government and taken him from the critical position where hes doing such a great job and putting him here. That had to have thought behind it. The fact is this is the most critical job in the u. S. Government outside of the president of the United States. Why is this so hard . He has to drive the entire cabinet. That makes it so challenging. Its less about who goes in to see the president. The fact of the matter, all of the fact who will report to him. Scaramucci out and he took control of all of that staff and most importantly he took control of the president s agenda and that what is so critical. Maria the country wants him to get things done for sure. General, great to see you, thank you so much. Good to talk to you, maria. Maria one inmate on the loose after jailbreak on sunday. How the man escaped using Peanut Butter. You are not going believe this one. Coffee chains new bench with a twist straight ahead. Stay with us. Smarter entry and exit points and can help protect your potential profits. Fidelity where smarter investors will always be. 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. 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Ive discovered incredible bladder leak underwear that hugs every curve. Cant tell im wearing it, can you . Always discreet underwear. For bladder leaks. 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, what a morning. Markets are on fire, futures indicating a gain of better than 100 points. We are probably going to see dow and we will take a look at a couple of names. Xerox to watch this morning. Xerox stock is up better than 30 in 2017 alone. Watching dennys, 15 cents a share. Dennys shares fallen. Cheryl casone will have to walk us through this one. Cheryl its a true story, maria, but a little crazy. Dozen inmates that escaped backed behind bar, i will start with, they expect the last one Bradley Andrew kilpatrick, they are looking for him and serving time for marijuana possession. Changing some numbers on the door with Peanut Butter. That may sound crazy, but these people are crazy like a fox. Cheryl Peanut Butter part of the story, 12 inmates used Peanut Butter, thinking it was a cell door because the number had been covered with Peanut Butter that they took off sandwiches. Is this a movie . I dont know. Peanut butter was the same color as the paint on the door. Okay, anyway. We will keep you posted on this one. President trump awarded first medal of honor. There he is. Vietnam war veteran, ten Wounded Soldiers during tenday battle. Spent decades teaching psychology and sociology and coaching football, baseball and wrestling in michigan. Hes also a proud father. Well, online discussion form is valued at 2 billion, this comes at additional 20 million in Venture Capital funding. Theyve got more than 300 million monthly users and finally this, maria, i love this one. Starbucks is coming up with a new drink, of course, im bringing you story. It is a beverage topped with beef jerky. Its called the pepper nitro, molted fennel black pepper syrup and yeah on the top beef jerky. Now only available in starbucks in seattle roastery. Stocks down 3 . Not sure the drink is going to help with that but something to bring this morning. Maria sweet and beefy. Cheryl weird that i think it sounds good. Maria weird combination. Dagen bloody mary with a slap of bacon. We see that. You see that maria its not coffee. Dagen in terms of efficiency for a big chain, this would be too difficult to make, i think, quickly for mass appeals, you might be able to get in specialized starbucks like the one in seattle. A special pallet to like that combination of flavors. Maria id say. Coming up 2020 olympics head west, four years later than expected. Return for financial concessions, we are going get into it. How important are the olympics . Track your pack. Set a curfew, or two. Make dinnertime device free. [ music stops ] [ music plays again ] a smarter way to wifi is awesome. Introducing xfinity xfi. Amazing speed, coverage and control. Change the way you wifi. Xfinity. The future of awesome. Maria welcome back, Major League Baseball trading deadline with pair of big deals starting with the pitchers. The los angeles were the favorites to win the world series and now in vegas it looks like its a onehorse race. Dodgers at 21 favorites to win the fall classic, pitching win world series, relievers tony watson and tony and they landed a big fish, starting pitcher ewe darvish becomes dodger to send prospect to texas. Lefty starting pitchy sunny gray, 1. 36 over last six starts. Oakland athletics get three prospects in return. Lifelong cubs fan steve has received the gift of a lifetime. 14 years after he was blamed for the cubs not making it to the 2003 world series because he interfered with the cubs from catching a critical fly ball, yesterday bartman got a world series ring from the chicago cubs. It hopes that the generous gesture provides closure that perpetuated, steve bartman, stayed true to himself yesterday and said to himself, i humbly received the ring as symbol but important reminder for how we should treat each other in todays society. Congratulations steve bartman. Congrats to the city of los angeles, its going to host the summer olympics for a third time. City officials yesterday reached agreement with the International Olympic committee, will la will host summer games in 2028 which grants paris 2024 olympics, staple center, university dorm, la stands to profit greatly. In 2028 we are bringing the games back to la, one of the great capitals of this olympic movement. A city thats always been a game changer. Jared President Trump expressed joy, the United States has a remarkable history of passion and loyal support for the olympic movement, no country has won more olympic medals, america always shines brightly during the game and la2028 will be no exception. Congratulations to the city of los angeles on this move. Maria big deal, actually. David is with us this morning, your take, Discovery Communications as tv, euro sport has i spent a couple of weeks in rio as soft competitors, we were rooting for la to get it but we wanted paris 2024 because we have olympics in europe, 740 Million People and the time zones really matter for us, we have three sports channels in every country. Maria three sports channels in every country, wow. We are like espn and built a product that goes directly to consumer but its a sports netflix, but at this point the quality of that ip, having the paris oo rimpics in olympics in 24, not only do we have olympics up to 24, we spent 6 to 8 billion amassing really strong sports ip. Dagen i love that sports ip or intellectual property. I love that you talk about sports that way. Would people want to watch it second, third choice . Jared people pay to watch pocker on television, so if thats a sport, okay. Paris is going to be fantastic for us. Itll be in the time zone. For the next couple of years real energy all across europe and we have most of the olympic sports on euro sports. Maria we will watch europe here . Yeah, comcast does an extraordinary job and brian and steve have olympics through 32, for them paris is a fantastic venue all for 24. Its a beautiful venue in terms of not just the stadiums but the scenery, they know they have 2028, for them its great. In all of europe, the u. S. Is 338 Million People, i worked with i was at nbc for many years. Took it to all platforms. When we had the chance in europe to get it. For us, we actually have an agreement with nbc where we shared some stuff because theres really no overlap. We do all of europe, 740 Million People. 330, together we cover about a billion people for the olympics and nobody does it better than comcast. Maria wow. Incredible. We look at what they do and we try to see some of the innovation theyve had. Jared by los angeles getting this deal, they get special concessions, maybe it sets a precedent, for for starters, cities dont normally get advanced money. Los angeles about four years early is looking at 180 million from the ioc and could keep half a billion dollars, they dont have to spend that much to build. You look at rio, italy what to put in. La scores pretty well here. The chairman of the ioc, brilliant guy, what he did here was he changed the format, he use today pick one city and the other bidders were the losers. Here he said, i have two great cities and so jar swrar jared trophy for everyone. Its going to be great. Maria terrific. Big story there. And big business. Jared max, catch jared max siriusxm 115, still to come the Property Brothers find a new home, Discovery Communications acquire scripts network. Also with ceo david kaslav. Liberty did what . Yeah, Liberty Mutual 24hour roadside assistance helped him to fix his flat so he could get home safely. My dad says our insurance doesnt have that. Dont worry i know what a lug wrench is, dad. Is this a lug wrench . Maybe . You can leave worry behind when liberty stands with you™. Liberty stands with you™. Liberty mutual insurance. Maria welcome back, happy tuesday. Thank you so much for joining me. August 1st, top stories right now 7 00 a. M. On the east coast. Earnings on wall street. Another record setter for the markets. Under armour, narrower than expected loss. Revenue did come above expectation, the stock, however, trading down this morning. Results everybody is waiting on, apple, reporting after the close tonight both earnings and revenue expect expected to rise. We are in unchartered waters, take a look at dow industrial this is morning. Expected to open up 100 points, the dow may very well open at dow 22,000. Markets smashing records day after day. S p 500 and nasdaq up, nasdaq up a third of a percent. Markets posting modest gains as you see. Ftse, cac quarante and dax index up. In asia overnight gains across the board to report, korea and hong kong, among the best performers, onto washington we go, the focus shifting to policy. The white house commit today repealing and replacing obamacare it says, Administration Officials also laying out their commitment to tax reform this year. I think that we feel that not only its something that we have to do, americans have been suffering in an economy that hasnt been growing far too long. The stagnation of the country cost too Many American jobs. Maria the president will meet with small Business Owners and get into tax reform. We will take you there live. John kelly had a busy first day at the white house yesterday. He was sworn in as the new chief of staff, Anthony Scaramucci removed as Communications Director, what it means for the agenda coming up. Plus Tropical Storm emily making landfall in florida this morning bringing heavy rains, flooding as well, we have the latest on the storms path coming up. Kim kardashian famous selfie may cost her big bucks, whey shes being sued for 100 million this morning . Mcdonalds, has mcnugget fans joyous this morning. It brings together some of the most popular channels in Cable Television. Two Companies Account for 13 of overall cable viewership, close to 20 of all cable viewership. Joining me david zaslav and ken lowe. We have been talking with david this morning on the big opportunities that are in front of you, congratulations to you both. Thank you. Maria what is the big opportunity from your standpoint, ken . I think it scipps networks, a company that i have been watching over for 23 years and put this on steroids, we have been working very hard maria to establish our brands and in the last several years we start today move internationally, albeit a little late for cable industry and we have proven that our brands travel well and once we get into a country and actually localize like we did with hgtv in poland we find out we are getting same reaction in those countries like the states. The its in the just about the brands but connection with consumers, tightal opportunities as well. So once you take our company and and hook it up to discovery and their incredible infrastructure its a perfect marriage. Maria david, you have grown the company over the years to include a global footprint, you tried to acquire scrippts before, what changed . We think its a an extraordinary ip company. They have between home and garden, food, travel, cooking, diy, super fans for each it of the brands, together we will have 20 to have viewership in the u. S. And we could take channels and content around the world and get real Revenue Growth which is terrific. For us more importantly, we own our content whether its sports content, oprah, discovery, tlc, we own it for all platforms and we take it to 220 countries and we take it to mobile players around the world. Ken has built extraordinary quality brand and he owns all of that content. It aggregates to a library of over 300,000 hours. Maria wow. 3 and a half billion on content and we will have real scale but maybe most importantly we have content that people love, the home content, the food content, oprah for africanamerican women. Home and garden, not a lot of people know this, when ken pitched the channel that idea when nobody was making money in cable, when he was running the broadcast business, hes a real entrepreneur and he built that company. Maria you decided to come up with a channel of home and garden, who would have thought that was successful . I love it. A network about grass growing and paint drying, wont that be exciting. I saw an opportunity, the mtv generation was growing up and getting older and you go to parties and people were not longer talking about the latest springsteen video. Maria congrats. Entrepreneur to come up with this idea. A lot of people are talking about the price tag, david, 12 billion, it was pricey, too much or do you feel that you want to continue investing in content because content is king enabling you to package it in so many different ways to come up with premium prices for advertisers . Theres two pieces to this. You need to pay for Quality Content but the way we look at it is we traded about 8. 7, 8. 8 times at the price that we paid, weve already identified 350 million in cost energy. We think thats light, we think we can deliver a lot more than that, at the 350 we know we have in happened, we bought scrippts multiple. But taking toit phones, building on those genres, a year and a half after we close, 3 and a half times and we will have very, very strong and robust Balance Sheet as 40 billiondollar scale player that we need at this point, if anything else we need to buy or anything else we need to invest in we will have much more heftable after. This come companies a stronger and every category but makes our Balance Sheet over the next two areas bigger, stronger and formidable as we look at what we need to come out of this terminal value question which we all face in media, come out as one of the winners. One of the things that ken has done that was compelling to us is he hasnt stuck with content as just long form, he built a very big food business in short form, you should talk about. Yeah, we saw unique opportunity to go deeper into categories, home food and travel by what i call doing advertiser sizes instead of full meals. We got into shortterm videos. Maria that is so smart. A natural translation, if you will, into other forms and other platforms. Once you get a connection with the consumers, lets take home category, we give away four homes each year, the dream home gets 130 million industries, those Industries Come directly to us. What we are finding is what we like information on a bathroom remodel, how about a kitchen remodel. It was not so much a 30minute show, i would like, this i would like that. We send out over 400,000 electronic emails targeted that people open each month and all of this goes back to this connection to advertisers, if you will, that we think long form is going to continue to grow. So as we get more, more pressure on how much you will spend on subfees or fees in general, we have an incredible powerful model in advertising that david and i believe is a global model over the next few years. Maria you can go directly to to customers. Netflix, hulu, but you have to compete with that, so this is a direct link into the consumer, right . When you look at discovery tlc, animal planet, id, own, you add home and garden and cooking and travel and velocity, if you say we are the quality brands in america, we have most of them, as consumers are looking for ways to consume content without the 200 channel bundle, the fact that we have 20 to have viewership and most of the quality chance in the u. S. And we are not that expensive, all of our channels are less than the cost of Regional Sports network. Its a very good buy for the consumer. If you are broadband, the way people are communicating, its a musthave, like electricity, the one vehicle that you can get if you can get without cable is netflix. We think it could be quite compelling and presents real opportunity for us. The other thing that we have that very few people know is we have shortform content. We built a business by acquiring now this and the doto, together we have 5 billion views on facebook. Largest provider with now this shortterm news on fate book. Ken in the food category is the leader in shortterm with food. Maria that lends itself to short form. You know, furthermore, if you want to slice and dice like the food category, lets say you are only interesting in italian cooking, we have sub subpoena subsets. Our viewers do what they view. We move products, we ring the cash register, when you think about the future, nonfiction brands where you can control the costs and thats one of the things that we both think a lot about because scripted content seems to be getting more expensive all of the time. Maria you have the amazons of the world writing big checks. Great Quality Content is not about how much you spend, great story telling and what you put on the screen, what else can you get from those long forms and thats why we think both of our brands together, our companies together have this huge opportunity, maria that others dont. Cpms that ken is able to get, economics against home and garden and food he has all advertisers, we have a Little Channel called velocity for car enthusiast, 65 only advertise on that channel because they want to reach people that love cars. Maria thats great. What ken has that on steroids. Much higher than ours advertisers want to reach people that are interested in homes, reach people that are interested in food and he aligns them and thats something we can learn from him. Maria we have time warner and at t in the horizon, perhaps closing this year. Are there more deals in the horizon, holes that you see that you are going to continue creating more scale at discovery or you think the time warnerat t deal is a catalyst for even further deals in the business . I hope that randals deal was a catalyst for this. Bigger is more important but not just for big bigger. The reason we bought scripps is we bought ip company. Just to get bigger, we dont have any chance that are broad and general interest. We think future is people that are love with brands and show. Thats something that you do better than anyone else, ken. If you have home category, travel category, again, globally what we have been able to find, maria, that the people are obsessive about home in the states are the same in countries around the world. The connection that we can find. Hgtv has been the Number One Cable Network for upscaled educated women. Thats gold. Those are the decision makers, thats an exciting element of what we see in the future. Maria congratulations to you both. Thank you so much for spending the time this morning. We appreciate it. David kaslav and ken lowe, the new kings of cable. There you go. Thanks, gentlemen. Keeping an eye on the storm, Tropical Depression Emily turning back after drenching florida and leaving thousands in the dark, where it could move next. Why the fastfood chain could bring back classic sauce thanks to a cartoon, back in a minute. Hey, ive got the trend analysis. Hey. Hi. Hi. You guys going to the Company Picnic this weekend . Picnics are delightful. Oh, wish we could. But were stuck here catching up on claims. But we just compared historical claims to coverages. But we have those new audits. My natural language api can help us score those by noon. Great. See you guys there. We would not miss it. Watson, you gotta learn how to take a hint. I love to learn. Maria welcome back after founding florida, Tropical Depression Emily is moving over the atlantic. Cheryl casone with the story. Cheryl we are watching this right now. Emily centered about 50 miles northeast of florida, the storm dumped heavy rain in the sunshine state, it cost Power Outages yesterday, four casters say emily could gain strength during the day but expect today stop being a tropical system within the next day or two, we are following that. We are also following whats happening here in new york, deliberations continue today in the trial of former biotech ceo and hedge fund martin schkreli, hes charged with securitys fraud involving two hedge funds that he ran. Hes best known for hiking the price for a lifesaving drug. Okay, credit card losses are mounting for banks. Could be a warning sign for markets and the broader economy. Fixed ratings percentage of standing debt. Thats the highest level that theyve seen in the last four years, the quarter fifth Consecutive Year in increases in closely watched rate. Never doubt the power of the cartoon. Mcdonalds has brought back sechuan mcnugget sauce. One of the characters pleaded for the sauce which was available in 1998 to promote the movie moana. Those are your headlines, maria. Maria, cheryl, thank you, under armour shares are active, secondquarter results but the stock is down 8 and a half percent. We will break down the numbers. What went wrong in the underarm our quarter in the last three months. Packing heat along with your textbooks, why texas allowing Community Colleges to carry concealed handguns straight ahead. Maria welcome back, another big week for earnings, under armour beating expectations for the Second Quarter. Joining us right now well, it beat expectations but the stock is down 8 and a half percent which of course is the headline right now. Joining me josh right here and chief marketing officer marisa joining us right now. Great to be with you, maria. Maria what do you think is going on with under armour, they recently tried to the big restructuring that included job cuts or is this more indicative of whats going on in the Retail Sector right now . Its different than most of the Retail Sector. I think its a buying opportunity. They have celebrity star power like steph curry in basketball. If you look at the super bowl with tom brady and giselle walking out of the under armour airplane. Getting strong press for protrump comments and then he also gave cover for steph curry to kind of go antitrump. I think they are doing the right things at the right time. I wouldnt be concerned with what the streets says for now. I think its a strong buying opportunity. Maria actually ceo of under armour, first to recognize technology and what needs to be done. He spent a lot of money on buying three online companies, you know, marisa, lets talk about that and really whats going on largely in retail when it comes to brick and mortar versus online. Theres a lot of compiveness in the fitness and sports category right now. We are seeing promotions more aggressive but i like what under armour is doing in regards to acquisition and technology, they rin vesting in mobile audiences. For longterm audience they have potential to gain significant amount of growth and leverage above competition. In general what we are seeing is a lot of aggressiveness and promotions. Maria josh mentioned the responsor that is under armour does, big names like jordan spieth, Golden State Warriors steph curry. My question would come to retailers versus brands. In the revolution of online and technology and amazon devouring the world, basically, in terms of consumer products, where do you think that under armour stands in the brand versus retail discussion . I personally think that brands can survive specially when you have strong responsors, retail, brick and mortar, i think its seeing end of days. Retail may not survey say that half a participants will go into a store to shop, the key thing for brands for under armour its not just the brand but the retailer. I love what they are doing with partnerships with kohls but they are thinking about distribution with partners like kohls. Dagen do you expect buying online, very nicheoriented, they might be yoga and the trend of like fitness wear that people dont even wear for fitness. Do you expect them to keep picking up more brands to add to the stable . Broadly you are see consolidation with retail brands in general in the category and i think that its in the best interest of retailers to look at acquisition of broader audiences. I think those partnerships and and acquisitions will continue. Maria josh, give us the final word. Under armour is the fox business of apparel interest. Maria they are the best. They are the best but in reality, think about this, think went from conservative, they threw out conservative red meat and liberal red meat with steph currys comments, they not only got aaron judge but la liga. Maria how come investors are so disappointed . The buzz has been bad for months, four to five times the sales growth of adidas and nike. This is like buying nike in the 80s. A lot of things are expensive. 40 times is a little pricey. I agree that warren buffet say be fearful when others are being agreedy. Maria thank you so much for joining us there. Reviving the health care debate. President trump pushing lawmakers to push on repeal and replace obamacare. Lawyers are keeping up with the kardashians apparently, perfect selfie has family in Million Dollar lawsuit. Back in a moment. Casper makes one perfect mattress. 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. Maria well back good Tuesday Morning. Thanks for joining us. Im maria bartiromo. It is tuesday, august 1 your top stories right now 7 30 a. M. On the east coast. Focusing on the agenda, President Trump will meet with small Business Owners later today as administration pushing forward on tax reform, the battle for health care however also not over the o commander in chief slamming republicans yesterday telling them get a deal done senator Lindsey Graham says the party needs to get back to work. I am like 1,000 with donald trump on this we should be politically horse whipped if we dont try again. Doob amid escapee shakeup scaramucci out as communications, dr. After 11 days on the job move among first under john kelly. Earnings the story for business on wall street markets rallying on top names reporting this morning, under armour pfizer to look at under armour shares down 7 it reported a smaller than expected loss, still lost money pfizer earnings mixed pfizer up 3 4 of a percent the big one is apple what you need to know ahead of apples thirdquarter Earnings Report after the close, that is typical a market mover all over it. Stocks futures indicating momentum continues we are unhe chattered waters here dow industrials coming off a record high yesterday, 30th alltime high of the year, market may open at 22000 on dow industrials right out of the gate how that is for Tuesday Morning . S p 500, nasdaq also higher nasdaq up a quarter of a percent right now europe indices higher acrosstheboard gains between a third of a percent cac quarante and dac a half percent on ft 100 in asia overnight, gains across the board, as you can see there, headache continuing for you tourist in North Carolina a power at youage at popular vacation destination could last several more weeks. College kids in texas carrying more than books details on the campus carry law. Kim kardashian not only one feeling robbed reality stairs being sued, for 100 Million Dollars this morning we will tell you why all those coming up and join me to talk all about it Fox Business Network Dagen Mcdowell head of respectful catherine is here great to see you good morning welcome back. Thanks. Lot to talk about. Theres a lot. Apple earnings will be interesting looking forward to that. How about tax reform, mitch can we talk about that . Tax guy. On me, i am not the one on vacation right now lets be clear about that. Dagen i cant complain about congress any more than i already to makeing it your problem tax guys. A lot on agenda this morning top story this half hour president still plemgdz to repeal and replace obamacare, his ultimately to congress get health care done or loss valuable insurance carve out leaders push for health care and tax reform, watch. The government closest to people is congest government the health care closest to people is best health care we had republican governors up in white house, today, we look to washington to fix obamacare we should have looked to governors. Message Pretty Simple we want to have a fair more system tax code the economy struggled far too long. Joining us right now alabama senator Luther Strange thanks for joining us. Glad to be with you. What is this administration need 20 do to unite gop around reform. Like what president is doing floshl disappointing couldnt get anything done last week i havent gen here as long as president i was shocked as constituents that we couldnt deliver on our promise i like the idea president is continuing to keep heat on Congress Also like the idea of the strategy Going Forward with tax reform, i call it tax relief probably hear more about that than any issue around my state. Tax raffle agreeing to cut taxes not much more . Is there a Common Ground or do you guys are you going to have a battle the way over health care . I am sure there will be a battle where i fall out in the camp urging growth anything that creates incentives for people to invest keep more earned money so that means, reducing Corporate Taxes also making the tax cuts simpler fairer more in pockets perfect ordinary working people suffered 8 to 10 years more than any sector of the economy. Seems big bush for this they want it simpler to cut Corporate Taxes. Dagen but senator it comes down to do any of your colleagues or you you yourself are you willing to give up tax breaks that are near and dear to the hearts of your contributors and your constituents . Because that comes down to are you going to try to do something that raises revenue some case so you can cut taxes for other people like giving up tax breaks everybody has their favorite tsubsidiary hand out what are you willing to give up. Taxes on people of this country i fall into camp of growth i think reearninging chairs on deck if you will the t code more complexity i am trying to head to create incentives for people to invest, get the economy growing, so i am willing to go in that direction i think, a robust economy, that is my background as a lawyer, creating jobs, is what is going to be did best significant thing we can do, year and a half from now if we have not done that in Congress White house, then we will be judging very you a harshly. Does growth include i he regulations taxes on rich steve bannon wants highest rate 44 are you he against that . Or do you support should a that. I dont support raising taxes on anyone we have to see how pieces turn out i know how we are incentivizing people to invest, just taking more money. I guess when it comes to volunteer to give more money send checks to the government we will accept it, but at this point i am very interested in anything that can he incentivize investment, in the economy. Maria if you are not for kurting taxes on everybody, i are not for can you go to taxes because rich pay all taxes, manipulative. Direct very disimportant. If you think about debt ceiling end of september i think a dozen legislative days around for congress to deal with that, when they return from recess. How are tradeoffs going to work some members are not in favor of doing anything with debt ceiling, is this going to be sort of a new where i thinkel because new tradeoffs that are going to have to be going to be the when it be tax Affordable Care act, repeal and replace. Looks like it will ive got a meeting planned with treasury secretary coming soon to understand better that process, this is my First Episode in the senate dealing with debt ceiling increases, like to bring some common sense to that process we seem to keep kicking the can down the road, and regulates debt ceiling every time would i like more than one thing at a time i know you have talked about this we couldget over in Committee Process to infrastructure if you want to know about what email people in the country care about at least from my perspective it is getting from your going in addition to taxes i dont know why we have to focus at one thing in a time turns up back one narrow thing even that case we cant get get it accomplished suppressing frustration with you i think we can do more than we are at the moment. You focused on health care that was one thing couldnt bring it to finish line. Yeah. Maria i want to switch gears ask about the white house a lot of chaos shakeup, Communications Director Anthony Scaramucci was fired general john kellys first day chief of staff yesterday White House Press secretary Sarah Huckabee sanders sayings time for order listen. President certainly felt that anthonys comments were inappropriate for a person in that position. And he didnt want to burden general kelly were also that line of succession as i think we made clear a few times, over the categorize of the last couple of days, to several individually but general kelly has full authority, to operate within the white house. And all staff will report to him. That is been a distraction for you. Really hasnt i have had to deal with my colleagues not supporting us in the Health Care Reform effort, i think general kelly a rock star i serve on Armed Services can he o nobody in military more respected if he says i am in charge the message is well, delivered, received in white house. Message taken. A quick question with regard to the tax reform and how it boys going to come about revenue neutral versus deficit neutral if you go condition neutral dagen mentioned deductions commence amount with quarter of that you can more than offset Corporate Tax cuts, and would you go to nuclear opposite now do you think that is something that Mitch Mcconnell will correspond doing on legislation when has not been done heretofore or do you think too controversial more like deficit route temporary tax cuts over 10 year timeframe. Probably latter i dont think much appetite for changing the rule on 60 votes i have no hesitation doing that court appointments, cabinet appointments the right thing to do in this case weve got to get 51 republicans, to agree on something, given our health care i am not coming into debate with naive view, so we are long way away from even get to go 60 votes weve got 51 vote problem. Leave it there we will watch developments this you think you can still do repeal and replace this year. I do, if we can get so something that will provide some relief immediately for the citizens hurting across the country that has got to happen. Thank you. No i was just making a face because i dont think that you are living in fantasyland quite frankly the timetable that leadership laid out a tax reform so tight you are lucky if you get to a vote in novak on tax reform. I would be happy to stay here work all the way through nobody taking vaccinations when we have all these issues on the table. If you can produce a bill what do you think calling colleagues in the house to come back if have a is. Absolutely i though i everybody should be here working, people around country are working hard i dont know why congress isnt. Right. We dont amen. On vacation right now. We dont ins why you get such Lovely Health insurance a lot of people are. It would serve a everybody right if he did i pay more in than in private sector under obama plan that i have, so we have to live under laws we pass no doubt would i like to see get back here get to work. Senator good to see you thanks so much. Coming up a Tourist Destination in North Carolina in the dark how a power tonsiling could keep vacationers away two weeks next. Our inson time. Tap one little bumper and up go your rates. What good is having insurance if you get punished for using it . For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. Liberty mutual insurance. 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. 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. 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Maria welcome back, nightmare getting worse for businesses tourists on two islands on North Carolina outer banks Cheryl Casone with the storyy very popular you Tourist Destinations maria man made power outage on hatteras, islands more than two weeks of building a new bridge accidental cut through underground power capables forced evacuation of 10,000 tourists blackout hitting a critical time for all businesses, some are worried wont be able to actually pay their rent. Well Community College in texas about to get more interesting a state law that allows license had the gun owners to carry consealed handguns in Higher Education institutions expanding to Community Colleges in texas allowed at most 4 year colleges last year so far no problems officials say, jr. , colleges given extra year to get rad private colleges have option to not do this not honor the law target is changing its marketing approach to college kids. For more than 15 years the retailer bused tens of thousands to stores around the country now target testing shop now pick up later, students at six different universities, are going to get chance to preorder online, about 300 items sheets chairs minifriges all kinds of stuff pick up later around move in time target Opening Stores new stores campuses the stock tumbled 22 so far this year. Maria Kim Kardashians company kims a princess hit with 100milliondollar lawsuit for endorsing looney smartphone case a sxaen snap light claimed it vented the case filed pat nent 2013 representatives for kardashians say lawsuit has no merit just another attempt to shake the family down for money, headlines. Maria thanks so much cheryl, coming up gas could cost more than you thought expenses growing faster than inflation next. I do really love you. It starts a chain reaction. Thats heard throughout the connected business world. 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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, americans feeling economic cup of expenses growing faster than overall inflation rate currently 1. 6 would be inflation rate now this includes the costliest of College Tuition, Prescription Drugs gasoline homes movie tickets Cable Television joining us author of retire aspired chris hogan we talk all about that we are almost in full employment but economy seems doing brt look at common basic expenses killing families top of the list College Tuition at four year Public College jumped 225 past two decades. You see that maria you start to go oh, my gosh what are we doing to do a matter being aware it is going to happen go into it is a open average State University costs 9500 dollars a year a private education is 23 to 26,000. So what we have to do is go into it with a game plan not let it surprise us, but be prepared. Chris, when i look at millennials 80 plus millennials stuck with student debt trying to get out every day costs are rising not in the you go housing market, this is one of the things contributing on drag and why economy isnt growing the way we would like it to i think definitely a contributing factor but i would tell millennials they have to understand a few things, there is a big difference between needs and wants, so with everyday living expenses, what i call four walls your housing your transportation, your food and clothing, youve got to make smarter choices understand your income versus your expenses. I like you to tell my kids the difference between needs and wants. Your kids [laughter] yeah, who spoiled your kids. Guilty. Back to you. Guilty. I am wondering wrartdz College Institution interesting because trump came out with President Trump came out with an idea i think makes a lot of sense. You know, use your endowment or lose tax exempt status from endowment harvard backoftheenvelope numbers 38 billion dollars endowments could cover 75 years of four years of schooling at harvard 2000 people per year 60,000 dollars a kid. Well i think one of the things be careful of cant allow government to legislate us to become more smart aware of money i think it starts at home parents having conversations with kids helping them understand what it had costs what they can afford to do, but you go into it with eyes wideopen with game plan we dont i tell people all the time dont go into student debt even if it takes longer to go to school go without student debt so you dont have that strapped were a your neck. So many other expenses lets go through this list Prescription Drug prices also on the rise in 2015 drug costs to campus nearly 17 Health Care Spending for mid 2015 to mid 2016 jumped nearly 10 , inflation only increased 1 another example inflation not going anywhere, but is it possible for people to try to offset the cost of health care . And Prescription Drug expenses . Well we know this is a big issue, i mean that is why our government is looking at this walking through all issues, but i tell you this is concerning for me especially as we have people that are aging need this medication, to even have a quality of life. And so i would encourage them be aware of this look for generic drug options make sure talking to physician not just taking the first thing prescribed understand what they feed figure out there is a less cost about prohibitive way getting that medicine. There has been a surge in retirements overseas cost of retiring here so expensive ecuador costa rica im herald out but an interesting piece about ecuador locals getting indedicated complaining about it the language issue rising cost what do you think the answer is we have seen retirees leave the u. S. I think we all ultimately have the choice of where we want to live when we retire, but i am going to tell you i love america. And so being aware of this looking understanding it people have that right i want to be here the country i love so we have to truly do something to help aging americans to get the medicine they need. Chris overall there are so many things that you see in the prices of decline in recent years could inflation broadly speaking is in Check Technology for example, has made so many things cheaper and made our lives better and we seem to forget that we focus on oh, the pork gone up in last year or so but you know, food prices are always fleeting you have increases and declines. We really do, and ultimately dagen the thing we have as americans is we have the power of choice. And i think it is being aware of this make cigarette smarter choices for ourselves but it goes back to one thing you always hear me talking about get out of debt and keep your money. Yeah save. Thank you, for joining us stay with us a lot to come right here. Back in a minute. Where to get in. Where to get out. If only the signs were as obvious when you trade. Fidelitys active trader pro can help you find smarter entry and exit points and can help protect your potential profits. Fidelity where smarter investors will always be. To f. Nerve pain shoots and burns its way into your day. I hear you. When that pain makes simple errands simply unbearable. I hear you. I hear you because my dad struggled with this pain. Make sure your doctor hears you too. So folks, dont wait. Step on up. And talk to your doctor. Because you have places to go. And people who cant wait for you to get there. If you have diabetes and burning, shooting pain in your feet or hands. Step on up and talk to your doctor today. Maria well back, good Tuesday Morning. Thanks for joining us. Im maria bartiromo. It is tuesday, august 1 your top stories right now confirm a. M. On the east coast earnings in focus on wall street, all eyes on apple this morning, the dow o reporting after closing bowl numbers to watch for we are looking at a rally at opening of trade quite the way to start a new month, august 1, and we see new records, futures indicating a markets open strongly, continuing the momentum of yesterday. The dow eyeing 22000 coming off another alltime high, the 0th alltime high so far this year, dow industrials set to open up 100 points nasdaq up 20 points s p 500 up 5, that is a quarter of a percent in Europe Markets posting gains up twothirds of a percent across the board in asia overnight gains across the board as well, muted higher by 4 of a percent in hong kong korea off a third of a percent in japan. U. S. Specifically white house staff shakeup Anthony Scaramucci removed as white house Communications Director, 11 days after taking the job this coming on general john kellys first day, as the new white house chief of staff president traigz kelly at the white house yesterday. I predict that general kelly will go down in terms of the position of chief of staff one of the great ever and were going to have a time much more importantly work hard we are going to make America Great again. Maria administration, looking to move forward on policy, as president holds a meeting with small Business Owners this afternoon talking taxes, and tax reform, outrage on new york city make naked female panhandlers harassing outsets in Times Square Police say there is nothing they can do about it because women are Illegal Immigrants. Really . Tesla showing off model not what you have used to getting the most out of your Real Estate Investment new report breaking down the top zip codes with highest returns, is yours on it wine and dna genetics to help select next sip coming up joining me to talk about it Dagen Mcdowell, pw. C. Partner Mitch Rochelle head of researching cathunion. Good show. Pairing wine with dna . Get this Party Rolling maybe new era, maybe true maybe this is i doubt president handed over his phone, but. Kelly wants to put discipline in white house. Tweets. May i he had a one quick thing president keeps crowing about record stock market watching for dow 22000 right now, looking at a really strong open at the moment, he keeps talking about record stock markets the job growth Unemployment Rate how great confidence is you might want to stop taking credit for all that, because policy wise you havent done a whole lot the agenda. To really justify this market, because when market eventually and it will turns south are you going to own it then. You know the markets also a going to be anticipating, everything, right so right now youf got investors anticipating maybe we will see lower taxes maybe we will see a rollback in regulation that created wealth three trillion dollars market value since election. Dagen the wall street journal without it yesterday there is a quote there investors over estimated President Trump underestimated corporate earnings. Good point. Dagen the earnings that are driving this story not what is coming out of washington. Maria . I think going to be hard to maintain doubledigit earnings he wering growth yearoveryear without tax reform. Up in first quarter. Talking 11 , growth. Part is ceos optimistic that. And opening. Change in leadership revised some Investment Decisions that were made made in second and Third Quarter of last year, well before just there could be change, no the optimistic decided to we invest there is no net after tax savings. Maria louk for them profits are strong top story on dow watch 2000 dow futures indicating we will see dow 22000, in short order once market opens this morning talking about 100 point move at open, now, we he closed alltime high yesterday saws there one biggest names to report fiscal thirdquarter earnings after bell apple to show profit 1. 57 a share expecting revenue almost 45 billion dollars for the quarter, investors will also be looking to see what the Technology Giant has to say about iphone sales whether there is a pause in purchases in anticipation of the iphone 8 out in the fall joining us right now founder president end Point Technologies associates roger kay thanks for joining us. How important is this quarter for apple, how important is the apple report, for the market . And this idea that it is all about profits in terms of of the backdrop leading this market to alltime highs . Yeah. I think that this market is going to be pretty much a cakewalk for tim cook. This is the low quarter of the year expectations low o seasonally everyone aware pause iphone 7 slowed before iphone 8 comes out aware iphone 8 may be delayed because supply constraint on the oled screens that gives a lot of room to say well you know we did the best we could, if things are okay, of course, okay for them being still enormous revenues profits, so there is nothing wrong in tsoup some numbers come out later in the year therefore going to be a little bit soft, may be below expectations but i dont think going to hurt the company very much certainly no the the stock. What does this mean in terms of tech broader sector a lot of talk how does tech sxair in terms of valuations versus tech bubble is it comparable or do you think this is a different scenario . Tech is sort of in its own world to some degree you can watch sector move independently as others quite often i think yesterday nasdaq was going down while dow going up, mostly tech shares doing that so it is really there is that but also it is important to say that apple itself doesnt always move with the rest of the seconder apple in its zone. One thing in Greater China the sales have been down, and i am looking at dollar weakening. And with the fact that u. S. Dollar is on sale, so to get sales of u. S. Products like apple products anything broaden technology in general so back on the purchase list retail consumers. I this that is with china is particular apple has donea better than a lot of American Companies in china appointed a china head knows local territory well. And it recently pulled from from its app store certain messaging apps that allowed chinese citizens to communicate encrypted faction apple agreed playing nice with government in order to keep the doors open there. But, by the way, consumers are looking at for example, very nice android based chinese made phones a lot less money looking at a very nice Samsung Galaxy 8 so they have actually choices that that are have been taking them away from apple to some degree apple in pitch battle in china trying you to be careful do right thing there is no guarantee sales are going to increase over there. This is a big picture question about china, though a. Given the what were facing here in u. S. With north korea, the provocation from hermit king increasingly look Like Trump Administration is going to take harder line on china not just secondary sanctions on banks and individual countries but are we looking at trade war, and how does that impact to say the least apples stock if if the rhetoric out of washington becomes more severe . Well, that is a big question, my yeah well my sense of it is that the donald trump isnt actually that aware what chinese are what card chinese are holding they have a lot of living room they can pull against United States if they want to. They dont really want to because bilateral trade is good for them enjoying it, but they have a lot of things they can do, if trump tries to threaten them some way i think he would be quite surprised by how severe they could be Chinese Government is well it may not be more unified than ours but looks more unified than ours i have a feeling they can pretty much run from top down they say were not trading with you cutting you off raising tariffs all companies have to take hit including apple. We are watching incredible stock market we hit 30th alltime high for the dow industrials yesterday 30 alltime highs yeartodate, we are looking at three trillion dollars in value created since election, obviously a busy earnings week, second busiest week for Second Quarter weve got july jobs report out at the end of the week. Are any of these things that we are watching going to upset what has become stealth rally it is expected to show 18 ,000 jobs are added to economy last month Unemployment Rate expected to go down one tick to 4. 3 , what is your take on backdrop for the stock market . Well, everything is calm everything is perfect so i would say it is time to sell. Is that right . Are you dagen [laughter] looking as contrary indicator everything looks rosy now you want to be a contrarian get out is that right. Well, exactly, what can go better than this other way of asking that, so you know, if we are already with everything perfect any tiny per to you abags could send things the other way people would say all right i am good pushing back from table now. Well the backdrop is strong, dagen mentioned earlier, earnings up 11 Second Quarter. Dagen right, expectations even looking into next year are still solid you have global economies firing simultaneously we have not seen in recent years we have a weaker dollar, we still have lower long term Interest Rates very low long term Interest Rates here in the United States, you have pentup capital that maybe companies will step upstart investing. I think that is what is going to happen businesses going to feel unleashed going to put money to work, and that is going to create whole another stream. You do want to keep an eye on something that would have brought up the black swan everything looks Great Nuclear war with north korea would upset a lot of things there are things that could happen, but would change picture rapidly, those are things need to be aware of. Things you cant control. That is why i raised that issue, it doesnt it doesnt need to take a nuclear war it can take just like very, very tough talk on trade coming out of washington. And even not secondary sanctions but even trade restrictions with china that would send the market what is interesting to me market has shrugged off all this news like scaramucci store every little story two years ago probably would have caused market to sell off 200 points, but the markets just ignoring what i am referring to as white noise coming out of the white house, coming out of washington. Maria good reason to ignore it, atrocitiprofits slelar. Good to see you i take that back. Go ahead. Well, i take that back it is probably going up forever. [laughter] we didnt say going up forever. You are you are a seller, and hey that is what makes a market roger good to see you. Thank you so much, still ahead dashing the dashboard decisions that make tesla model 3 unlike any other car youve seen before forget 90210. They see are zip codes you want to live in biggest returns on your real estate, stay with us. Watchdog Group Calling on congress to investigate congressman Debbie Wasserman schultz. Cheryl casone with the story. You know story very well, so foundation for accountability and civic trust wants Debbie Wasserman schultz investigated she continues to employ former house i. T. Staffer after he was caught trying to leave country imran awan trying to fly to back stan group says he violated house kuehls continuing to pay him after cut off from the house computer system. Tesla car revolutionized cash board doesnt have one the point stripped of engages features drivers normally see at an speedometer and moved over to 15 inch touchscreen in the center of the dash you can see on screen decide if you like it or not stock up more than 51 so far this year. And there is this guy Real Estate Company home union releasing dip codes with highest investment returns here are top three for you 33434, boca raton florida, 8. 1 , 19035 Pennsylvania Real Estate returned there 6. and 48322 bloomfield michigan 6. 9 annual return maria making money in real estate. Maria that is cool i am glad you narrowed down to zip codes thank you so much location, location, location. There you go, i didnt see 10504 that is my zip. How is real estate doing right now. I think okay. The problem is, there is no supply some people want the apply homes cant buy them, people want to sell, may not be able to buy thing that they want to buy after they sell it so there is the volume is going to continue to peter out the record low supply of new existing homes on market. How he come record low. Builders neil handcuffs on cant borrow as much as would like overregulated local level land prices keep going up caught in malaise of inabilities to grow the way they want grow there is demand, households by crazy cant create supply mindset, people ordinarily home buyers shifting towards renting because it is seems a better value proposition, anybody who lives through financial crisis, revises housing prices dont always go up people homeowners are choosing to renovate that is incredible trend the home renovation people cant buy a bigger home fixing the ones they have got. David bought a Television Network dedicated to that. Tell us about that take a break tourists getting an eyeful sightseeing in times square complaints from families about near naked women in times square hassling tourists for Kidnaps Police say they cant do anything to stop it they are Illegal Immigrants. The hit show game of thrones, back in a minute. Is this a phone . Or a little internet machine . 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Maria we will back maybe you have seen this before in new york, near naked women hustling for tips turned times square into the triple xcrossroads in the world police say their hands are tied in arresting lewd panhandlers because quote most are illegal grants tracee what a story. This has been going on for a year among bat man mickey mows characterizations in in times square you and kids pose for pictures give a small tip to nudists mostly naked women coverage with body paint hitting up tourists for money last summer city paid for blue boxes on ground called them designated activity zones scan solicit for tips they frequently wondered out of areas can get pushy looking for customers tips we spoke with visitors who experienced this. They just come try to come right up into your face, and, you know, want a picture want a picture, you know they are just you know looking for money. Little bit pushy asking for more. Trying to make living. Get upset when they dont get a tip. Good they are on tip when characters get out of line tough for nypd the to crack down they take action tells me so far this year made 5 arrests compared to 26 for the same time last year, officers have issued 159 summonses in 2016 compared to 137, for the same sometime in 2016, a Law Enforcement source told New York Post past proposals to license pushy panhandlers went nowhere most are Illegal Immigrants he wouldnt register nay president of the Times Square Alliance says handful of creeps hustle harass touch thoodz week without consent must be addressed not whether they lack garments or green cards it is whether engaged in nonconsensual criminal cut respecting boundary in public space or personal space. Maria i dont understand why so hard for nypd to enforce these laws, we have been hearing the president for since got in office saying going to get control of the illegal situation in this country yet higher we have zai nearly naked cops cant do anything. Officers have said they have to witness them actually committing a crime. So you know whether a pan happenedling cant say that is the crime, you know. Crime is that they are in the crunch illegally. We are a sanctuary city in new york local police are not going to arrest women for being here illegally, that is how the city works, it falls on feds, and immigration costumes. Who is comfortable de blasio Governor Cuomo who is accountable for people Walking Around half naked harassing. I wondered they are aggressive nasty where i grew up call prostitutes that is illegal so lets think about the law. It is really appalling Young Children around times square. Mining mickey mows. Go way of squeegee guys giuliani cracked down we we have to see same thing here. President trump brings in rrnz general john kelly flexinging muscle to get white house under control get your grub on through groupon skourpt teenage up with grubhub for delivery reaction to the partnership next up 3 3 4 , below 4. So you miss the big city . I dont miss much. Definitely not the traffic. Excuse me, doctor. The genomic data came in. Thank you. You can do that kind of analysis . Yeah, watson. I can quickly analyze millions of clinical and scientific reports to help you tailor Treatment Options for the patients genomic profile. You can do that . Even way out here . Yes. Even way out here. Maria good Tuesday Morning thanks so much for joining us. Im maria bartiromo. It is tuesday, august 1. What way to kick off the new month earnings rally in stocks 8 30 am on the east coast earnings in focus this morning, among top names reporting under armour pfizer under armour reported smaller than expected loss pfizer, mixed, as you see under armour off lows down better than pfizer down fraction big one we are watching apple what you need to know ahead of the giants fiscal thirdquarter Earnings Report it happened after the close tonight we will bring you the expectations. We are looking at a rally on wall street infuriates indicating 100 point rally start of trading for dow industrials this after the dow is off a record high close yesterday, the 30th record high of the year, dow industrials today may hit 22000 out of the gate, in europe major indices dooir cropping ft 100 up highs up twothirds of a percent across the board asia overnight gains across the board as well best performer korea hong kong up three quarters of 1 shake up at the white house oscar scavenger is now out as Communications Director after 11 days on the job moneying first moves under new a chief of staff general john kelly. Has full authority to carry out business as he sees fit that includes everybody at the white house. The focus is now back to the agenda president set to host a meeting with small Business Owners later today to discuss tax reform, hackers targeting seven kingdoms major concern for hbo cyberattack leaked episodes of the shows including the hot game of thrones online. Scripts there major deal details as groupon teams with grubhub to change Dining Experience raise a grass to ancestors one startup says fraifrt drink may have been fermenting in your family we bring connection of wine in your dna, top toir, first, President Trump is sit to meet with small Business Owners today, for the engine of the American Dream summit after another shakeup in administration. Will adam shapiro live this morning at the white house with the very latest, good morning to you. Reporter good morning to you maria, this is the 65th adviso anniversary of Small Business invitation to would 100 small Business Owners about celebrating sba, also Trump Administration republican agenda on tax reform Small Business engine of growth in this economy how tax reform can help these individuals promote their businesses and help grow u. S. Economy, now, this comes after yesterdays big news here at the white house, to which president treated did you see this he said a great day at the white house, and things are very orderly when you think of the new chain of command and everyone reporting to new a chief of staff john kelly so this is one of the issues, that is being put in place here at the white house, but the Vice President , who is traveling abroad talked about how this will all help push the agenda forward here is what he said. I know there is a lot of focus on what is happening inside west wing president keeps all focus on advancing americas interests in the world creating more prosper rows country for our people. Making great progress, and personnel decisions in white house all support whatever decisions the president makes, and focuses with general kelly will do outstanding job. This meeting with small Business Owners later this afternoon the east room of the white house we are going to be there, of course, about promoting business, and Small Business especially, the engine of this economy back to you. We will be watching that thank you adam shapiro at the white house, joining me former what kind of chief of staff under president clinton chairman Mccarty Associates with us good to see you thanks for joining us. Maria always good to be with you. Reaction to this over the last week what has at an place. I think positive. I think President Trump stepped forward as has empowered chief of staff the real issue to get a government in place, that is number one, number two, youve got to support stepping on world stage purposeful confident manner picking up on your earlier comments get legislative agenda in place foundational pillars moving forward i think that is what president is trying to do chief kelly an excellent choice a person dedicated this country served with distinction, and valor, i think the fact he has been in the white house, maria as head of Homeland Security is a real plus, that will give him a familiarity way to get started quick, and i think the president is empowered him to manage organize white house but the key is not just process, but to focus on results that was key in the clinton administration, and that really makes a difference if you can get results and people feel you are trying to work hard to improve their lives. Can he get results . That is what we are waiting for we know that health care with all of the backandforth ultimately failed. Now they are talking about still trying to get a bill through the senate, to repeal and replace, and, of course, tax reform, putting on a good face as far as tax reform all of august talking about it but will they be able to come to Common Ground and get legislation produced we know moderates dont want it want to obstruct as much as ethic we know divisions within Republican Party all that you say is right but can he do it. Maria i think you put your finger on number of important points you are correct we were very fortunate getting our foundational piece economic plan passed, health care was a big step back for this president this administration. And particularly with the republicans controlling both houses having talked about repealing and replacing obamacare for seven years, the answer is it is doable i think much better if it can be done bipartisan basis we have views how that might be achieved a compromise is compromise meet in the middle lets see which new chief of staff President Trump looking to tax reform agenda, whether they can find that Common Ground. What about the noise about are, scaramucci communication director, was in now he is out. I mean obviously last week there was chaos, has this become a distraction as well . Self inflicted. It has we tried to keep the drama to a minimum not easy in white house, there is also a going to be some back drop of that but youve got to keep focused on the agenda. That you are trying to move forward for the country, youve got to basically pivot from campaign to governing that is key in the first year of the administration, every administration has some Lessons Learned startup issues, john kenny had bay of pigs obviously a major a major concern setback in the First Six Months of his administration he moved forward with his agenda. So i think, again, lets the soap opera good for some things but not good for the American People in terms of governing this administration president needs to look outward in terms of getting results for American People. Yeah not a lot of help inward fox news confirmed now that attorney general jvgs will hold a press Conference Friday on leaks the president called on ag to be tough what action do you expect attorney general sessions to take in terms of leaks what should he be doing. We discussed before very serious issue, and i am glad to see the attorney general addressing this, in a serious way. I think athorough review of any of these leaks needs to be conducted in the right way, a review that has credibility that isnt viewed as political. So lets see what he has to say ares but i think he i think he is taking right steps identifying the issue and addressing it. Let me ask you because then there is the democrats what they are facing i mean they are going to need more than obstruction right to get votes. I agree i groo he. Maria need . More than stopping President Trump from getting his agenda through, they tried to come out with a message a week and a half ago better plan didnt resonate what do they need to do to get the American People, to think okay maybe their the party to govern and to try to get voted in, next year . Because not a bench no real plan there. Well, governing is about good ideas, good ideas can come from democrats republicans or independents they certainly can come from private sector, and from other other sources whether it be academia more broadly, so i think a matter of putting arrest ideas forward explaining those advancing them but i think you make the right point, the democrats need have to stand their ground on principle they sincerely debris with President Trump, but going to have to have their agenda and that agenda i think needs to be focused on the prosperity and security of the American People they need to come forward, with their economic plan, as frankly president clinton did in the 1990s, and need to come forward with how they would see moving addressing the serious issues in north korea for example i think both secretary gates secretary perry have put forth very ideas the kind of things democrats need to embrace put forward. You wondered what happened with i. T. Story Debbie Wasserman schultz. And now the fact that this i. T. Guy she was using was with her so many years she refused to fire him, and then he was he arrested trying to flee the country, trying to go back to pakistan, him and brothers wives made four Million Dollars from this government how does that happen becomes highest paid i. T. Guy there now all these questions may be it is a lot worse than bank fraud what do you know about it. I dont know much about it so i am really truly reluctant to comment on something that i really dont have the facts. Maria look, you are going to have these kinds of controversies allegations and potential deep concerns in politics and business. And they need to be frankly identified rooted out addressed reviewed in a proper evenhanded but very proactive manner that is what needs to take place any matter like this whether republican or democrat. But the real issue maria we need to focus on the major issues of the day both internationally and domesticly not zashgd on partner politics in my opinion. Great point thanks so much good upon with you. Dow closing in another major milestone flirting would dow 22000, Stuart Varney will weigh in on Economic Optimism next and hackers take iron thrown hbo victim to cyber attack several shoes reportedly leaking online with spoilers to gain the throne. Stay with us. Welcome to Tennis Channel Court report a special presentation, for fox business. The 2017 edition of city open kicking off monday with stars from a atp world tour wta in action, american davis reached the match a year ago 23yearold is packing her bags after going out. Dropping tight opening set 75, davis couldnt get back into the match the russian closed out straight sets win 63. Tommy flew red, white and blue moved to second round former french openly junior champ fought back from a set down up 3love before he retired with skrur. Live coverage continues tuesday at 1 30 pm eastern. Caspers truly changed our lives. A mattress of unparalleled value. Love at first night. grunts im a softer, happier, friendlier version of myself. surps drink perfect sleep changes people. kisses baby transform your life at casper. Com try their mattress for 100 nights with Free Shipping and returns. Casper. Maria welcome back 45 minutes away from the opening bell welcome back she tried to say markets record territory expecting big opening 1 00 points higher perhaps dow 22000 names on move time warner one to watch hbo unity is latest victim of a cyberattack hackers released episodes of several of the Network Shows including game of thrones, they reportedly leaked about game of thrones episodes time warner shares up 30 last year, Groupon Company has teamed up with grubhub on food delivery paper part that a agreement customers able to ordinary food from grubhub using groupon deals grubon shares up 3 3 4 percent right now dow 22000 watch, to be specific. Amid up beat Earnings Reports ahead of apple quarterly reports market is on fire, once again, after the 30th record high reached yesterday joining me host of Varney Company Stuart Varney has been really navigating this market as predicting where it has been going very well. Thought going to call it varney rally, no i will be proud to accept that name but not going to happen, look maria i see a mood of optimism on the economy. Gradually emerging a timeline for tax cuts details coming in september housevotes october senate votes november i think a very optimistic and, you know, sounds good. But it is there, it is a timeline that is something to grasp at if you like record profits on wall street weve got a big jobs report coming up on freeway, i think that is going to surprise to upside, and here we are, 22000 on the dow industrials if you want to follow news forget the swamp for a second i dont care about scaramucci i care about 22000 on dow, a rosy outlook for the United States economy because that is what it is all about. Maria yeah, but you know what is interesting stuart i know a lot of optimism about what can get done, in terms of what tax reform will do. To the economy and profits of but really been about profits driving this rally right look at revenue expected to be up 12 in Second Quarter revenue. I think that was second leg of the rally. Right after election day we went straight up. That was original trump rally, in early part of this year we plateaued, and then justified recently we have tan off again and i agree that is on the back of record profits. Where were going. Being ploob at that futures, up triple digits from getgo will put us at 22000 what would it be 30 two minutes from now. You think we are going to open 22000. Real close yes, very very close. The close yesterday was 21891. If futures show gain 100 points you will be right at 22000. Join stuart see where market goes the open we will see you 10 minutes Varney Company begins top of the hour after mornings with maria join stuart as he navigates opening of trading less than 45 minutes coming up next running your dna through grapevine a new start up pairing customers to the perfect wine by using their geriatric code. Back in a minute. Potsch you each drive a ford pickup, right . in unison russ, leland, gary yes. Gary i have a ford f150. Michael ive always been a ford guy. Potsch then i have a real treat for you today. Michael awesome. Potsch im going to show you a next generation pickup. Michael lets do this. Potsch this new truck now has a cornerstep built right into the bumper. Gary super cool. Potsch the bed is made of highstrength steel, which is less susceptible to punctures than aluminum. Jim aluminum is great for a lot of things, but maybe not the bed of a truck. Potsch and best of all, this new truck is actually gary all laughing oh my. 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Call or go to xfinitymobile. Com. Xfinity mobile. Its a new kind of network, designed to save you money. President tweeted out have to want to show you what president is saying stock market could hit alltime high, again. 22000 today, the dow 18,000 only six months ago on election day, Mainstream Media seldom mentions we have mentioned all day market on fire continue to see money moving to stocks 22,000 dagen there president we talk about it all day long, every day. About the market and how great the economy is, and confidence up all the reasons, for the run. Doesnt mean you cant get that that you are off the hook on tax reform. Dagen thank you. Maria because we need to see tax reform in order to see economic story continue strongly how about this searching for the perfect glass of vino one claims to select wines you love based on dna and they say they will deliver straight to your door joining us the cofounders of, sarah ron and shannon. Good to see all thank you for joining us. Thanks for having us. A kit in front of us tell us how the wine pairings work about kit that we are opening this morning to see more about the wine pairings, and dna. People can go online to have the kit delivered right to their door, that is a collection kit works by taking a quick swab of your chic, tell us about taste preferences in four weeks receive results online. How does that i mean only going to like wines that like wines that are tied to my dna better than other wines . Why do i care if it is connected to dna . Really what we do we take your dna combine to lifestyle choices preferences, we come from clinical side there we use dna combined to solve dilemma we take biology around taste preferences combine that able to put you in a flavor profile of and find wines using can see erj from wineries up and down coast they ever find in Grocery Store in new york they cant get through the network to get wine to you, but they can go direct to consumer direct xheeshg market growing rapidly we think over 2 billion dollars by 2020 very excited breaking down some barriers for access for small boutique family wineries. I have a question, not something to whine about no pun intended, as top of the morning here, but i cant drink red wine because i get massive headaches is that something that would show in preferences that i articulate or do you figure that out from dna. Not sensitivities to red wine we are on flavor proilz test for genetic factors in taste and smell combined with taste quiz results that people provide us, both the lifestyle and the dna, goes into you algorithm how do you ensure dna data wont be breached. Great question we having come from clirnl space sensitive to privacy information dna data so we use security around data encryption taking smallsteps bar codes on saliva rather than writing name and dob. Interesting. A good digs to 23 and me similar things acquisition operations . Well, we obviously launching today very excited one of the premium apps on new helix dna marketplace launching as we speak so we are very excited about getting this Party Started getting the Party Started. Thank you so much we will be watching appreciate your time this morning. Thank you. We will see you soon coming up final thoughts from allstar panel. Back in a minute. It all depends. Maria final thoughts on the allstar panel. Katherine over to you. What im focused is on earnings, of course, and tax reform does not happen or earn pcion does not happen unless we get tax reform in the horizon. Maria mitch roschelle. We will probably hit an alltime high. Lets get congress back from vacation. Maria good point. Dagen stocks go up, stocks go down after he said after the 87 crash. Stuart i will take it. Thank you very much, maria, indeed. Investors smile. This is going to be a big day. Who would have thought that on this tuesday august 1st, the dow would open right at 22,000. Good morning, everyone, forget the swamp, please, forget it. Forget the political backbiting, ignore scaramucci saga. Focus on new mood of Economic Optimism because thats what we are dealing with here. You wouldnt know it from the media but things are looking up. A half hour from now, you will see the to be market rally, keep on rolling 47 records, 22,000,