Prices sharply higher this morning, 3 . Chaos, at least 2 dozen Police Officers injured during crash officerinvolved shooting. Questions this morning for facebook Ceo Mark Zuckerberg, report suggests he might have been aware of practices in company. Fallout coming up. Mornings with maria begins right now. Maria oil prices soaring this morning, report attack in golf of oman, two oil tankers hit one operator said, it believe ship was hit by torpedo and the crews on board safely evacuated. The u. S. Navy is assisting here after receiving distressed calls, Price Futures Group phil flynn, thank you so much for weighing in this morning. Prices of oil 3 , how do you see the situation today . This is highrisk situation because this is one of the critical choke points in the oil market, maria, because of the tensions this could be replay of what we saw in 1908 with 1980 with the tankers because insurance and security for tankers will go up. Maria we are still getting more information on who is behind this, iran, obviously is one of the issues in terms of oil on the markets. Sanctions there, fight coming from iran . Definitely the situation with iran right now. They are in a situation where they are trying to cool down tensions, they are meeting with the japanese president is today, attack is poorly timed if they want to see tensions reduced. Not a situation where we would be saying, iran, this is a smart move to make, at the same time its possible that an antiiranian force was part of this attack trying to put more pressure on iran, so still too early to tell. One thing we do know for the Global Oil Market is that the tensions continue, the risk for supply is going to be very high and youre going pay that risk premium in price of barrel. Maria what does the supply demand look overall, u. S. A player in exporting oil. No doubt because u. S. Is major producer risk to crisis is a lot lower than a few years ago, we probably would have seen 10dollar spike. I dont want to put too much confidence into that because the quality of oil in storage right now, is it conducive unless you mix it with heavier oil which we are in short of supply right now. Maria all right, we want to bring in London Capital group head of research yes, jasperr reaction to move in oil . Well, good morning, maria, i think what we are seeing today is that the market maybe downplaying the supply aspect of oil prices, the focus has been on demand side, the negative consequences of escalating trade war between u. S. And china and the next consequence, ignoring some of the rumbling political tensions in the middle and this is a fresh reminder and all regaining all of the losses from yesterday and notable its around 60dollar key figure, we could probably rebound has more legs because of overall backdrop to this. The more in yemen makes tensions concerning in this area and obviously the u. S. And its ongoing negotiations with iran over the nuclear pact add to possibilities. Maria the backdrop is supporting Higher Oil Prices is what youre saying and this is adding to it because whether its a onetime event or beginning of more unrest and upset, you think the backdrop keeps oil prices elevated regardless . Actually you mentioned onetime event but you had something very similar less than a month ago, so actually what we are starting to see is potentially this is the beginning of a trend as your previous guest said, what we dont want to see in terms of the tanker wars, its going to be concerning for Companies Involved but not concerning for oil markets, but if we start to see this on ongoing basis and we dont know who the perpetrators are, thats upward pressure for oil price despite concerns that we have about Global Economic growth. Maria thats a very important point that you make, jasper, the tankers of saudi arabia recently also attacked. Jasper lawler, phil flynn, thank you very much for joining in. Better than 3 , take a look at stocks, looking for a third day in a row. Oil prices higher, you have to believe theyll be impact there, so far the markets are very strong, dow futures indicating gain at start of trading, s p futures up 7 and a half, nasdaq futures up 30 points, markets are firm in terms of stocks, joining me right now chief investment officer, steven, pleasure to see you. Like wise, maria. Thank you very much for joining us, let me get your impact on Higher Oil Prices on this market . We think oil is going to 90. Maria you do . Looks better than worse, but other than u. S. Supply as josh pointed out is the wrong oil, coming out of the ball balkin and permian and today you see metric here. The market can deal with higher oil, help on inflation front which makes them feel better, u. S. Manufacturing industrial sector has been hurt in pullback in oil that we have seen, that generally, our Industrial Complex relies partly on oil, generally we think higher oil is okay for the market. Its not like the old days where we were huge importer of oil. Maria thats right. Its interesting because we see highlevel of oil, thats either reflecting Economic Growth thats stronger or its actually about to be an indicater to cut into Consumer Spending to take the economy down. Youre saying things have changed because of the americans position. One more of net exporter than exporter, actually our whole way of thinking is different about oil right now, higher oil is different for us and these prices where we are now dont reflect an improvement in Global Demand which if we get trade deal at some point its not ifened that should pick up too. Maria important point too, when and not if, chinese vice premier calling for economic stimulus. The president spoke about the negotiations trade including potential timeline for more tariffs, watch this. We had china opened up to trade, thats a big thing, theyve never done that before. Weve had intellectual property theft taken care of and taken care of beautifully and all of the things start toddies appear after they were fully negotiated. I think we will be making a good deal with china, we have a Good Relationship even though its testy right now as you would expect. They have to make a deal, a lot of companies are leaving china. My deadline is whats up here, we will figure out the deadline. Nobody can quite figure it out. Maria what do you think about this, i know a deal will happen eventually, what if chinese dont agree to stop stealing intellectual property, can the president make a deal just on buying more stuff . If you look at the numbers of heists made by the Great Bank Robbers in the world, bonnie and clyde, great majority of them became before they are named worlds most wanted. And i think its the same thing here, the president has half won this battle, we are talking about it Companies Pulling back on china, it was all hidden under the drug, everybody knew it was happening but no one wanted to talk about it, so to me thats not the blockage here, its more these guys saving face with each other, shes, you know, throwing line in the sand, its not going to work in china anymore, its a big little class and the president himself, hes got to talk brave here and hes got a better position, lets face it. Hes not as badly hurt as the chinese. Maria a handful of companies are moving production out of china. The longer it goes on the worst it is for china and they know it and the president uses the market to stay and we saw that in getting off the cliff with mexico which comforted a lot of us. The president understands the market does care about, this on both sides, theyre going i think its when and not if, rather than if, thats the camp we are in, we are still longterm bullish on the market. Maria you want to be invested . I want to stay invested. We took some chicks off the table but we are still overweight equities, if we get a pullback we will buy more, we are playing for 3100 at the year of the year and beyond that next year. Maria good to see you. Like wise. Maria stephen auth, disturbing internal emails could reveal Ceo Mark Zuckerberg knew about privacy problem. Good morning to you, dagen . Dagen big news from the wall street journal, i will quote right from the frontpage story today. Facebook uncovered emails Ceo Mark Zuckerberg to problematic privacy practices at the company and this comes in response to the federal trade commission probe and could cast out on the founders commitment to user privacy could be huge embarrassment. Facebook has been operating with 2012 decree with sec. Others did not make compliance with the ftc, ftc has been investigating facebook, again putting information out there and i want do we have time to get to i guess we dont have time to get to the statement from facebook, we will have to get that later in the show, maria, back to you. Maria they released the Statement Last night, right . Dagen it was one on wednesday and one on thursday but they are yelling at me to wrap so we have to read it later. Maria dagen, theres the statement on the screen. Dagen we have fully cooperated with ftc investigation to date and provided tens of thousands, emails and files, we are continuing to work with them and hope to bring to resolution. Facebook expect today pay up 5 billion as part of settlement with the ftc, here is what they said on wednesday to the wall street journal, at no point did mark or any other facebook employee knowingly violate the companys obligations under the ftc Consent Order nor do any emails exist that indicate that they did but based on the wall streets journal reporting, theres some things going on within facebook that are troubling this morning stock up about half of 1 . Maria unbelievable still up with all of the issues. Dagen, thank you so much. Short break, a lot going on this morning, breaking news overnight, dozens of offered injured after shooting in memphis. Retail markets going up. Investors like the news, back in a minute. At comcast, we didnt build the nations largest gigspeed network just to make businesses run faster. We built it to help them go beyond. Because beyond risk. Welcome to the neighborhood, guys. There is reward. Beyond work and life. Who else could he be . 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In patients with sickle cell disorders, serious, sometimes fatal crises can occur. The most common side effect is bone and muscle ache. If youd rather be home ask your doctor about neulasta® onpro. Pay no more than 5 per dose with copay card. Maria welcome bag, big show this number, georgia senator david perdue is here to talk about breaking news from the gulf this morning, chairman Joe Lieberman also on breaking news this morning, father of goldman speaking about oj simpson, fox news Senior Analyst judge Andrew Napolitano. Jill griffin will joining us to talk business. Big 3 hours ahead. We want to look at breaking news right now, theres turmoil in the middle east, oil prices up this morning after suspected attack on two tankers near the strait of hormuz, both ships reporting evacuations, iranianstate tv says sailors have been transported to southern part of the country. Wall street journal James Freeman, along with wall street journal veronica dagger along with dagen mcdowell, good to see you this morning. Thanks. Maria whats your reaction to all of this . You look at Oil Prices Heading north but still low prices historically, roughly 20 to have worlds oil travels through it, thank goodness for frackers and steve was talking about that earlier, weve got the situation in the middle east, weve got venezuela with plunging production, but u. S. Production is strong. Maria theres also attacks on saudi tankers a couple of weeks ago, we dont know if two things are connected and we will watch that, meanwhile in memphis angry protestors clashing with police. Cheryl good morning, at least two dozen Police Officers were injured in that confrontation, demonstrators smashing a police car, they threw bricks and rocks at police and the police were wearing riot gear, the suspect allegedly got out of vehicle with weapon, thats how all of this supposedly began overnight. Now to hong kong, bracing for a new round of violent protests there forcing government offices to shut down at this point, police had been clashing with protestors for last couple of days, firing teargas, thousands protesting extradition bill that would allow criminals to be charged in mainland china. Companies says online net revenue increased 33 in first quarter, stock in premarket, wow, up 6 and a half percent and take a look at Restoration Hardware stock this morning, also soaring, they had beat, raised prices and also moving production, maria, out of china and that stock is moving higher on that. Maria another Company Moving operations out of china. Thank you. Committee and john stewart and his emotional testimony, then marijuana sales in colorado generating revenue for the state, we will tell you all about it, stay with us. At comcast, we didnt build the nations largest gigspeed network just to make businesses run faster. We built it to help them go beyond. Because beyond risk. Welcome to the neighborhood, guys. There is reward. Beyond work and life. Who else could he be . There is the moment. Beyond technology. There is human ingenuity. Every day, comcast business is helping businesses go beyond the expected, to do the extraordinary. Take your business beyond. Maria welcome back, President Trump just tweeted, he says general Michael Flynn, 33war hero who served with distinction has not retained a good lawyer, has now retained a good lawyer and great lawyer sidney powell, best wishes and good luck to them both, announced yesterday that Michael Flynn was hiring sidney powell. Meanwhile this, press harold reports new main law will allow terminallyill patients would end life with medicine, the denver post this morning reports colorado cracks a billion dollars in annual sales, generating 200 million in tax revenue for the state, colorado has nearly 3,000 licensed marijuana businesses, more than 41,000 licensed individuals working in the industry, Marijuana Tax revenue pays for widerange Public Health programs in colorado including Mental Health services, youth literacy and antibullying programs, Chicago Tribune writes this morning, tourist attraction, willis power reopens after protecting coating cracks, look at the pictures, scary glassviewing box on top of willis tower, four glass boxes extending 4 feet from the sky scraper, 1,350 feet off of the ground, visitors apparently were never in any danger, thats got to be scary when youre sitting on the ledge there and all of a sudden the top layer of glass cracks there, veronica. Ill not want to be there or see that and i would think twice about hanging on top floor. Sketchy. Sitting on ledges is not my favorite. Thats the clincher for me. No willis tower, sorry, kids. Maria facebook top story in journal as well but this is a story that we will be increasingly focused on, the social Media Company going into 2020, not just the privacy issue but the censoring of some speech, sensors of conservative conversation which we know has happened and is happening. Dagen a company focused on subscriber growth, advertising growth and complete disregard for peoples privacy and i dont think this is any great news but because it becomes as ftc is investigating facebook to find out whether it violated the Consent Decree back in 2012 and the biggest question who is leaking these emails, are they doing it to undermine Mark Zuckerberg and the ceo of the company, im just raising the issue, somebody is seeing emails and reported them to wall street journal. Maria yeah, youre right, important point. Take a break, investigating the investigators, the department of justice wants to question the cia over origins of the russia investigation as the house is voting to hold attorney general bill barr and commerce secretary wilbur ross in contempt. The vote is there. Hawei business tactics, pressuring verizon for more than 200, wait till you hear this. Introducing the first of its kind lexus ux and ux f sport, also available in hybrid allwheel drive. Lease the 2019 ux 200 for 329 month for 36 months. Experience amazing at your lexus dealer. Corey is living with metastatic Breast Cancer, which is Breast Cancer that has spread to other parts of her body. Shes also taking ibrance with an aromatase inhibitor, which is for postmenopausal women or for men with hr her2 m