Rate. That meeting, 2day meeting beginning trade, trade in focus, Robert Lighthizer testifying before Senate House Committee today and ways and means tomorrow. Jeff, great to have you. Thank you, glad to be here. Maria thanks for joining us, i remember when you first went public, a lot of conversation of where the growth is coming for and since then the stock is up 1,000 , congratulations. Thank you so much. You bet, last year i move today hong kong for most of the year trying to understand better the market, but in that time we figured out something thats perhaps obvious which is thethe biggest brands in the world want to advertise more in china, largest surge in middle class in china, in fact, over 1 years 10 years they will create middle class. Maria wow. Cocacola, nike, you want to be tapping into a large surge in middle class because they are Global Companies and we help Global Companies . Given the fact that companies that want to get a foothold in china so far can only do it through joint venture, cant really own it out, companies wanting to do that given that nothing has changed in that regard and theres this spat with u. S. And china . Nothing macro has really changed. Brands want to be in china, because we do something very different than what Many American companies tried to do going into china and we say were not an american company, Global Company that happens to be based in the china but we are going into china, we are bringing money into china because all the brands are advertising more in china for the most part for chinese consumers love, so i bring in money into china instead of trying to take it out, its easy to be more welcomed that way. Maria where does the growth come from right now at the trade, talk about connect tv and Digital Advertising as well. When we first got started we were responsible for banner ads on the internet, at the top of the page on yahoo or Something Like that. But today the bulk of the money that we make comes from mobile and even more video, mobile number 1 and video number 2, and makes sense, tv commercials have way more affect on your ability to love or or know a product. So whether thats happening on the internet or whether thats happening in connected tv, connected tv i think the most bullish number we ever shared with connected tv spend up to 21x year over year, consumers adopting connect tv at unprecedented rates but, of course, adfunded connected tv growing faster than 2 or 3 station that is you knew years ago which didnt have ads. Maria can you operate in china without using huawei . Huwaei with 30 billiondollar hit as of the United States. Huge hit to them to not be here but huawei is the standard in china and will continue to advertise on huawei devices in the rest of the world, of course, they wont be as prominent in the United States. Maria do you worry about risks that they keep raising as a t relates to huawei. I try not to get involved in politics at all. Privacy is much more our obsession, we try to stay out and trance act in advertising transactions where we are just talking about making ads relevant without ever looking at at peoples directly identifiable information, staying out of the whole thing we can be neutral and partner with every player. Maria facebook announcing crypto currency, been under fire for those reasons, privacy breaches, how will the potential Technology Impact in your view . Do you think we will see regulation on tech . I think theyll be more regulation on tech than there is today but in general, i longterm and macro view, once we were worried about aol having too much power and yahoo having too much power in the internet. Often we forget when youre talk about individual destinations like facebook, facebook is not as influential as it was a few year ago. Now, of course whatsapp and instagram. Maria i think instagram and whatsapp have more users and have more appeal and have kept the moment of facebook, the Company Going but to come in and out of favor. I dont think we have to nearly as concerned as some people are today about them having too much power because the market is fragmented and super competitive and that market tends to take care of itself. Whats your view on the broader backdrop right now, what kind of a year are you respecting . From an Economic Perspective . Yeah. I believe that the Global Economy is extremely strong, the fact that the way currencies have been adjusted over the last 10 years have made it so everybody is incentivized to grow and thats good for advertising because advertising is in part benefiting from the growth and part fueling the growth, so because we fuel growth, one of the first places especially with healthy economy puts its money into advertising so it can perpetuate growth. Maria are you seeing the numbers go up, businesses put more money into advertising or sitting on cap x . It is hard, im not necessarily the best bellwether because programmatic is division of digit and programmatic is fasting growing part and digital is growing more than the rest. I will say the dollars are coming in so quickly that its hard to believe that people arent doing well. Youre right there in the sweet spot, jeff, thank you so much. Thank you so much for joining us, jeff green, facebook is launching the new Digital Currency, we will talk about it coming up, Lauren Simonetti with details in new york, lauren, good morning. Lauren lets talk about that right now, facebook named Digital Currency libra, it will allow billions of users to make Financial Transactions across the globe, libra to connect people who dont access to traditional banking platforms, analysts say with more than 2 billion facebook users libra can shake up the Banking System and major Revenue Source for the company. Air bus putting more pressure on boeing, model expected to Enter Service in 2023, the air bus model named at replacing boeing 757 and slightly larger 767f, hong kongs chee executive making first public appearance, lam taking personal responsibility for social decisions for extradition bill, lam saying the bill would not could be properly addressed, maria, back to you. Maria lauren, thank you so much, big crowd, lauren, thanks, markets watching the Federal Reserve today and tomorrow, key Interest Rate decision tomorrow, we are not expecting a rate cut tomorrow, however, we want to see what he says about the future that will move markets, the Economic Impacts coming up. Tensions in the persian gulf this morning, the u. S. Will be sending more troops to the middle east to counter iran, details right after this. Cant see what it is yet. Re . What is that . Thats a blazer . Thats a chevy blazer . Aww, this is dope. This thing is beautiful. I love the lights. Oh man, its got a mean face on it. It looks like a piece of candy. Look at the interior. This is nice. This is my sexy mom car. I would feel like a cool dad. Its just really chic. I love this thing. Its gorgeous. I would pull up in this in a heartbeat. I want one of these. That is sharp. The allnew chevy blazer. Speaks for itself. I dont know who they got to design this but give them a cookie and a star. The ai i want . Well, insurance its all about trust and speed. I need it to guide this analyst to customize Flood Coverage for this house. So that this team, can inform this couple, that their payment will arrive faster than this guy. Hey. So whether im processing claims due to this fine gentleman. car engine starting or suggesting premiums for this young lady. Ai can help change everything at this company. Expect more from ai. Ibm watson. Liberty mutual customizes your car insurance, hmm. Exactly. So you only pay for what you need. Nice. But, uh. Whats up with your. Partner . Not again. Limu thats your reflection. Only pay for what you need. Liberty, liberty, liberty, liberty 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. Or trips to mars. 4. 95. Delivery drones or the latest phones. 4. 95. No matter what you trade, at fidelity its just 4. 95 per online u. S. Equity trade. Maria we are coming to you live from cannes, big show, sean spicer is here, chief operating officer of Phillips Morris is here, cmo marketing officer Daniel Sherry the third will join us, plus, the global chief marketing officer of lego julie is here. Meanwhile the Federal Reserve in focus next 2 days, futures this morning are trading up, higher expecting for the broader averages, s p up 7, nasdaq futures up 37, ahead of first day of Federal Reserve 2day Interest Rate meeting, the fed expect today leave Interest Rates unchanged with this announcement tomorrow despite calls from President Trump to cut rates immediately, joining the conversation this morning Fox Business NetworkCheryl Casone is in new york and investment strategist lindsey bell, great to see you, ladies, good morning. Cheryl good morning. Maria what do you think . The fed will not cut rates tomorrow, cheryl . Cheryl right. Maria 3. 6 million unemployment rate, 3. 6 unemployment, if things are so great, why would they cut rates right now . I think the expectation is they wont cut rates but i cant wait to see is what they had to say at the end of 2day meeting about the tariff situation, is there effect, are they going to talk about that, the Global Economy, sign that is the Global Economy is slowing. To your point the u. S. Economy is firing on all cylinders and say, quote, unquote, they are data dependent. Maria really important points that you make. Let me ask you lindsey, are you expecting that for 2019, give us your sense of economic bomb drop from earnings perspective . From earnings perspective, down 1. 4 , but as we all know estimates always go down into the reporting period, i think we will get flat to up slight. In 2019, 2. 2 growth. In 2020, 11. 8 growth, analysts are expecting growth to continue especially in 2020 as we psych it will easier lowgrowth rate comparisons. So i think from an Economic Perspective, sure, we have a couple different weak data points and manufacturing data yesterday, the may jobs report, okay, little bit lighter that lr than expected. Everything is firing on all cylinders as cheryl just said, so i think as far as the fed meeting today, this week, i think youre just going get a walkback of commentary from the fed and thatll be it. Maria walkback in terms of what, saying look, we are the economy is doing well . Whatever he says will be impactful. I think that what youre going to see removal of the word patience from the commentary. Opening the way for them to make a move in july if they so want. We will get updated protections on Economic Growth, inflicion and interest inflation and interest, one rate hike expected in outlook for Interest Rates this year. We may see that removed. Maria all right, we will see about that. Markets are looking good, lets talk facebook, cheryl, social media giant making it official, its called libra. Allows people to participate in new Libra Network. Dozens like companies, ebay, spotify, uber has signed on as partners for this. Another leg for currency story. Cheryl your guest brought up issue of regulation, you gave the list of companies on the list, Goldman Sachs and jpmorgan. Facebook reached out to banks, they said no thank you. They had platforms that have gone to crypto currencies, they have their own businesses, maybe thats the part of this. Wall street likes this. But at the same time do you really want to reach out to a customer who doesnt have access to regular bank and thats who they are targeting here, maybe not global story, but ive always been a little bit hesitant to kind of get on crypto currency trade having said that, this will be good for bitcoin if nothing else this morning. Maria well, that was my next question, is this a competitor to bitcoin or does it take, does it take momentum away from bitcoin or is it better to see a deeper platform or crypto currency in general maybe its a positive for bitcoin, although bitcoin is trading down fractionally this moving . Cheryl i think it makes more competitive. May not be bitcoin that we are using in 10 years, maybe cat. Com coin, we dont know. More and more people say crypto currency is here to say i just dont know its bitcoin. Maria what do you think, lindsey . The positive is its backed by several government securities, maybe offers stable crypto currency to consider, part of the reason facebook share might be popping is maybe an unwinded of investors out of bitcoin and going into facebook for alternative here, so i dont know, analysts are pretty pumped up about this, im not so sure itll drive revenue for facebook. Maria we will talk about where the growth is, be sure to stay tune for my interview with david marcus coming up, head of libra in facebook, he will join me live to talk about the currency libra, ladies, thank you, short break and we are talking power surge, driving up sales in bay area, the role tesla is playing on that, after the short break, crisis at the border, new information from the border sources, President Trump is making major announcement on immigration, we have all of it, stay with us. Metastatic Breast Cancer is relentless, but im relentless too. Mbc doesnt take a day off, and neither will i. And i treat my mbc with everyday verzenio the only one of its kind that can be taken every day. In fact, verzenio is a cdk4 6 inhibitor for postmenopausal women with hr , her2 metastatic Breast Cancer, approved, with hormonal therapy, as an everyday treatment for a relentless disease. 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Common side effects include nausea, infections, low red and white blood cells and platelets, decreased appetite, headache, abdominal pain, tiredness, vomiting, and hair thinning or loss. Im relentless. And my doctor and i choose to treat my metastatic Breast Cancer with verzenio. Be relentless. Ask your doctor about everyday verzenio. Maria welcome back, San Francisco chronical is reporting driven by techs leas model 3, electric car sales rise fast in area, attending 13 of new passenger vehicle in bay area, up from 7 in 2017, Los Angeles Metro area has more electric vehicles overall be numbers are not going up quite as fast, residents offer Luxury Living with nods to neighbor rigly but dont expect to see the field. Requirements right across the street you iconic stadium and even though its out of view, Community Gather to watch games on floor, rooftop deck catching all on large screen tv. Wildlife officers find tranquilized bear. A bear is rooming the neighborhood. The bear in custody last night after stroll to go neighborhoods all day yesterday, police started getting calls early morning, they went into action. You come out of your house and see that . Frightened to death. We have seen bear stories and shark stories between the two of us. [laughter] maria beautiful animal but surprise and scare to see the bear Walking Around the neighborhood, have to love it and the Wrigley Field story, that iconic stadium, i threw out the first pitch a couple of years ago. We had the best time. Cheryl youve done yankees and i think you have thrown mets game. Just wrigley. We have to talk china, markets, lets do that, the u. S. Is now sending more troops to the middle east to counter iran, we have the details on that and the impact. Then the target outage could be very pricey, we will tell you how much its expected to cost the retailer when we come right back. Stay with us. Here again Maria Bartiromo with special edition with mornings with maria live from france, 2019cannes. Maria welcome back, thanks for joining us live from cannes, this morning, tuesday june 18th, top stories before 6 30 on the east