Begun to build out its team. The president has fired his longtime attorney to represent him into his campaigns alleged ties to russia. All the details. Lauren Cleveland Cavaliers are one win away from their Third Straight appearance as they take a serious lead over the celtics. Sorry, boston. Staying alive at the two to one to three tie in the eastern conference finals. Although have it coming out. Nicole 5 01 a. M. Here in new york and we welcome you to have began in cover your First Circuit was living in todays market and the latest breaking news. Lauren President Trumpeted with hope francis at the vatican earlier this morning. The pope also shook hands with fit lady trump, the first daughter and other members of the delegation including rex tillerson. He gave them copies of his three main teaching document and the president s gift for the pontiff wrapped in a blue box, books or Martin Luther king and a handmade sculpture crafted by american artists. The president also meeting with the president at italy this morning before heading to belgium. Well bring that event to life as it happens later in the show. Lauren the United Kingdom with the Terror Threat level to its highest. The decision comes a day after a bombing attack that killed 22 people and injured 59 affairs at a Ariana Grande concert in the city of manchester. It is now concluded on the basis of todays investigations that the threat level should be increased for the time being from severe to critical. This means that their assessment is not only that an attack remains highly likely, but that an attack may be imminent. Nicole the suicide bomber 22yearold man arrested another suspect. Raised in foreign britain. His friends say he recently returned from United Kingdom from libya. Lauren former member of the joint task force if rodgers joining us now. I want to start with the last part that there is information pointing to the fact that albedi mightve even secretly went to syria. To be trained with isis are terrorists . In the view of many Law Enforcement missionaries as he did not work alone. The Prime Ministers statement reveals that when she says we are going to increase the threat level because of a possible imminent attack peter pick out what we called actionable intelligence to cause them to increase the threat level. You are saying that he did not act alone. He has guidance. We are not sure what the guidance may have been. We are speculating here. What is next . The forensics from the crime scene coming from the scene of the attack is important. They look at what the bond is made of and possibly do a comparative analysis. In addition to that, the computers that he has this telephone, anything that traumatic is very important because there is electronic footprints that are going to point back to certain people he may have had discussions with. So while this work is going to be going on as the days go on and thats how they are going to get athletes to perhaps attend to other pple. Laur once again, a young adult and raised in the west in Great Britain. How and why was the radical ice . Its so hard for us to understand. It is. What isis does this most terrorist organizations, will search the internet and look for people who are disgruntled with their country and target those individuals. They start conversations and recruit them. On the flipside in individually as he may be so upset he will be looking for organizations like isis. But we can do between businesses, government and Law Enforcement, we need to disrupt communications and do a lot of intercepts in surveillance with regard to many people who may be suspect of terrorism. Train to the british Prime Minister raising the level to severity and then it ended around the world to Security Issues now. Security will increase around the world. How are they going to do that . Because thats the way they handled these threats for the bailout of canine units on the street, while armed Police Officers. Its what you dont see that well be giving us the security a layer of security we need to prevent a terrorist threat. Lauren the timing of all this in the summer concert season. Good to see you. Lauren President Trump is fired his longtime attorney to represent him in the independent counsel inquiry into the alleged ties to russia and suspected ssian terferce in the 2016 election. Charlie gasparino report mark austerlitz known for his attack dog and dedication style. Representative has represented trump in numerous cases including real estate transactions to force record allegations of fraud at trump university. Meanwhile, former cia director john brennan on capitol hill telling lawmakers who saw information linking moscow to people involved with the president s campaign. Listen to this. I encountered information intelligence that revealed contacts and interactions between russian officials and u. S. Pairs involved in the Term Campaign. The known efforts to bring such individuals. Fox news has learned that former fbi third james comey who was fired is prepared to be interviewed by robert mueller. The story saying elsisi is prepared to testify before congress. Nicole to budget numbers, Mick Mulvaney and Stephen Mnuchin testified. The plan has been criticized by democrats and republicans are unrealistic cuts in programs. House speaker paul van appearing on the story with Martha Mccollum says its time to take a careful look at where the dollars are going. We should matter whether theyre successful or not. Are we measuring success or automatic spending increases. The Budget Proposal calls for 2. 6 billion along the u. S. Mexico border. Global Market Action overnight. Stocks higher across the board. The biggest is that two thirds of 1 . Tacking on a quarter of 1 enough praise about a 10th of 1 and the shanghai composite in china. Trade to moodys downgraded its Credit Rating by one notch today. The london ftse is up one 10th of 1 and the german dax down 1 . Transcript 43point gain in a 300 or to point gain after four days of the doubt. The nasdaq up five. Taking a look at oil and gold, expected to meet in vienna. Oil up six days in a row. The Federal Reserve will release minute that i come from the central bank at wells fargo that. Good morning to you. You expect the fed to hike rates in june . We do it take to race at a quarter of a point in june. We will haveome language that the rate hikes suggest they will keep raising rates and probably moved again in september. Train to see you think three total for this year . Thats aware thinking the the fed would raise rates three times this year. Its possible it would go four times, but now it looks like after they raise rates in september they will switch their intention to beginning to normalize their balance sheet, which they took from 800 billion to 4. 5 trillion in the aftermath of the financial crisis. Lauren the cbo will score those section of the bill today. Is certainly an argumentative science. The savings that the administration is hoping for at the end of 10 years is going to be less than that. Hopefully it will be somewhere around 150 billion, but its probably lauren tax refunds come after this. The more the taxes can be cut. Tried to write this, cut spending. Military been boosted up your body make of it and how do you think the markets react to it . The markets dont react too much to the president s budget. Its very rare. If you remember a time in my life that the president s budget became law. Its a broad outline negates the debate started within congress. We have at home a budget passed and signed by the president since george bush was president. Weve been operating under a series of continuing resolutions. Im hoping the process will improve a little bit but its difficult to get things done. Lauren as we are learning. Thanks for joining us. Trade to President Trumps new budget bill criticized by both sides of the aisle. It aims at getting our ballooning deficit under control and braking taxpayer relief. Would get this money for the hardworking taxpayer. What is basically saying is lets make sure we get our moneys worth. The italian president watching not only will have some live pictures as well coming up here on fox business. Do . Drive threequarters of a car . Now if you had Liberty Mutual new car replacement™, youd get your whole car back. I guess they dont want you driving around on three wheels. Smart. With Liberty Mutual new car replacement™, well replace the full value of your car. Liberty stands with you™. Liberty mutual insurance. At bps cooper river plant, employees take safety personay down to each piece of equipment, so they can protect their teammates and the surrounding wetlands, too. Because safety is never being satisfied. And always working to be better. Lauren President Trump himself italian Prime MinisterJenson Button and round. The factory and the apprentice at the vatican earlier this morning about two, three hours ago. Italian officials will be with the president. He will then fly to brussels as heegins the third leg of his first foreign tour as president of the United States of america. Nicole President Donald Trump and his family left from the vatican. He met with pope francis and that has been monumental where they try to find some Common Ground and not the president ial palace will continue on his trip through brussels in belgium talking about obviously g7 and the like. Lauren with this meeting rob has stepped up security where the italian Prime Minister and president labor in the vatican and where President Trump will be seen as well. Like pictures and breaking news as it happens. In the meantime, donald trump hiring a lawyer indicating he could be gearing up for a fight over the controversial finance right now regarding russias possible involvement in his election when. Gop strategist fort oconnell and patrice laid senior policy analyst at independent women. Are to be here, ladies. Lauren news of trump hiring his lawyer comes the same day john brennan says he was aware of contacts between russian officials and people involved in the Term Campaign. Where theres smoke, theres not always fire. Thats exactly right. This is more smoke and absolutely no fire. There were contacts between the russians and the Term Campaign but a century of collusion. We keep going this collusion abroad, but the Foreign Government or president ial campaign. donald trump regards as i bring on with an unlimited mandate. You can investigate underbrush interference. Youve got to lawyer up the ladder web. Watching live pictures of President Trump in rome as well as the president of italy. I wanted to ask you, so far no evidence that Trump Campaign colluded with russia. How much damage has been done. At the thoughts of questions in the minds of americans about the relationship between russia and the United States in the Term Campaign at the time. If youre listening to more than just one news source, not just those sources that are trying to find some bit of evidence every day and dropping fake bombshells, youll see lot of this does seem to be smoke with no fire as the other guys just said. A lot of americans are saying about my president to focus on whats important to me and my family. When it comes to the budget, when it comes to tax reform and tax decreases, thats what americans hear about. Thats a lot of distraction. Let me say this. All we have safaris accusation upon accusation being piled on with no one shred of evidence. We havent seen one thing one way or the other involving President Trump. But this is going to do is this is likely to stall the progress agenda President Trump is pushing on capitol hill which is very unfortunate because the democrats are basically putting themselves ahead of the people. Lauren looking at live pictures of the president who is getting positive reviews as is on the International Front this week. Here at home you have domestic issues that are distractions. We have the Budget Proposal, the blueprint for 2018, how they plan to cut the growth of spending could of spending paperweight has defended its plan against democrats. Democrats trying to say the administration is trying to out the air we breathe and the food we eat. Its not a little bit dramatic . Its expected there will be drama filled in trying to tear down a budget that is saying is lets take discipline to washington d. C. Lets look at programs and reduce spending brittany be. Eliminate duplicate of programs, programs no longer affect did. I read their son of the Budget Proposals as well as savings. They make a lot of sense when they found the very same program. They will try and change against every single demographic out there. Let me ask you, looking at this budget released as we watch President Trump overseas. They are indicative of that. Why you think the white house released a budget on this monumental trip . This is a broad outline to get to work with the government shut down about the democrats graced south, without touching Social Security part of what will make President Trumps Budget Proposal successful in balancing the budget in 10 years is to make sure you get tax reform through on the about medicare overhaul. They get to work. I may be abroad, but youve got to do your job. Lauren thank you for your time this morning. Nicole on President Trump in italy. We will also keep an eye in the markets after four days of gains for the dow. Dow futures at 10 points right now. Abroad the budget at home. Keep it right here on fox business. And at 4. 95, you can trade with a clear advantage. Fidelity, where smarter investors will always be. Ive been blind since birth. I go through periods where its hard to sleep at night, and stay awake during the day. Learn about non24 by calling 8448442424. Or visit my24info. Com. Tthats why at comcast,t to be connected 24 7. Were always working to make our services more reliable. With technology that can update itself. And advanced Fiber Network infrastructure. New, more Reliable Equipment for your home. And a new culture built around customer service. It all adds up to our most Reliable Network ever. One that keeps you connected to what matters most. Nicole President Donald Trump made with italian president sergio mozzarella and that is all happening in rome. This after he met with pope francis at the vatican early this morning after meeting with the italian officials the president will fly to brussels. Weve seen the live pictures there in rome. We saw them sitting around a large conference table with the president. Jared kushner also thereby President Donald Trump side. We will continue to follow this tory especially as donald trump speaks we will carry that for you live. Lauren time now for sports. One win away from their Third Straight appearance. The braun james bouncing back from their first postseason loss against the celtics in the bottom of the second. Brandon had in a towering shot of christian birdman with a two run homerun. We are showing a basketball video, but my script is all about a stalker mislabeled that you enjoyed this game a little bit so you can see for yourself going on. Nicole the cats have one more game and then they can really clinch the whole thing. Thats a big deal for the Cleveland Cavaliers. A teen i was going on is the president continues his tour there hitting all be in islam, judam, cistianity as well as what is what is happening in manchester as the security level there has been raised to the highest of the levels to critical by theresa may and around the World Security is stepped up after that horrific terrorism act yesterday at the concert hall. We will be right back. Keep it right here on fox business. Nicole breaking news this morning. The third leg of his first foreign trip meeting with pope francis at the vatican. Hes now in italy, meeting with the president to italy, the president ial palace in rome. We have live coverage for you throughout this hour. Keep your right here on fox business. Good morning. I am nicole petallides. Lauren good morning. I am trained or pick the Terror Threat in the United Kingdom is raised its highest level as his landmark about tearing manchester. At home ahead of the summer of that season. A lot of people go to concerts thi