Newly realized Household Energy savings. Quote, a number of participants suggested dampening effects of the earlier appreciation of the dollar on net exports or earlier decline in oil prices on firms investment spending might be larger and longer lasting than previously anticipated. Some members expressed concern over the lack of spending, despite savings from cheap every gas prices. And as for the question will there be enough information by junes meeting for a rate hike . Quote, a few anticipated that the information that would accrue by the time of the june meeting would likely indicate sufficient improvement in the Economic Outlook to warrant a rate hike. Many participants though however, it says, thought it unlikely that the kate Data Available in june would provide sufficient confirmation for conditions for raising the federal funds rate had been satisfied, end quote. That meeting, melissa is june fifteenth and 16th. Back to you. Melissa thank you very much. President plosser said rates should not be increased until early next year. 70 of the economists see fed increasing rates according to the wall street journal. John lonski from moodys steve moore from the heritage foundation. He is also a fox news contributor. John, synthesize all of that for us. Most economists think the raise could happen in september. Based on what we heard from the fed minutes, do you think theyre right. That is a guess on the part of the economists because the fed funds future market doesnt expect a rate hike until decent until the earliest. Perhaps the fed funds finishes the year no higher than onehalf of a percentage point. We simply dont have convincing evidence on hand strung enough to put the fed into hiking rates at september meeting. Melissa okay. Steve moore we were looking at markets. The dow is down 12. That is bounce back from where we were meaning traders are betting what we heard from the fed minutes a few seconds ago is pushing off a hike even further. Do you agree with them . Probably. Look, i listened to that analysis of what the fed is going to do and the more you listen to this stuff the more it reminds you of the wiz ard of oz behind the curtains pushing these levers having no effect whatsoever. I think the thing to walk away from though is we dont have the growth in the economy right now melissa. The growth isnt there in employment and gdp output for the fed to justify raising rates. Melissa gdp is not good. Wages are not growing. That is why were seeing so much wage rage, david asman. But the markets are loving it. That is the point. I have hate to disagree with my colleague steve moore, because i love him to death. It is having an effect. It is having an effect on markets. Right now the fed seems more interested how the markets react than the economy reacts which is against its mandate. Its mandate is for the economy and jobs. The market is ticking up because a few participants believe a june rate hike might be possible as opposed to many who believed it wouldnt. I think the market right now is taking their cue from those few statements. Steve go ahead. David, let me clarify one thing. I agree with you. The fed is not having real impact on economy. I gotcha. Fed keeps trying to jiggle these levers and were still stuck in this 2 growth rut now for six years. Melissa all theyre doing is possibly creating a bubble in equities. Wage rage from sea to shining sea. Los Angeles City Council giving preliminary approval to 15 minimum wage. On the east coast, new york wage board is considering hiking wages for fastfood workers. Meanwhile thousands of mcdonalds workers swarming the company headquarters, that is what youre looking at right here. They are pining for 15 ahead of the chains Shareholder Meeting going on tomorrow. John lonski, this is the situation that weve gotten in, with the slow economy, where the jobs that have come back are parttime jobs. People used to have fulltime jobs. Now they are working part time. That is why were seeing wage rage and protest, right . This proves this is the most pathetic economic recovery ever. The fact we have rallies in support of a minimum wage. People are naive enough to believe that the city of los angeles has the power to guaranty minimum wage workers. What comes it an 11 annual increase by, over the next five years. Ridiculous. You have got to be careful what you wish for because mcdonalds for years now has been experimenting with fewer cashiers using these automated methods of ordering food, cutting back on number of cashiers and people at the counter. This is just going to accelerate that process. More people will be put out of work by this. Melissa steve moore hang on, these pictures that were seeing this is the result. Were seeing Economic Policy coming out of washington. You see what the fed has been doing. All it is doing, we have a weak economy. A stock market moving higher. Income disparity is growing. You see these protests because more and more people are just working part time. Give you the last word. Free concerts. Let me put it like this, when you have fulltime workers some heads of households who have to work at mcdonalds for goodness sakes these jobs were never meant to raise a family on. That gives you the impression an sense how this economy really is. Melissa you cant raise a family on 15 an hour. Here is the question, melissa, what do you do if youre a worker can only justify 10 an hour wage . That means you dont get a job . Melissa youre replaced by a computer. Thanks to all of you. I want to mention with david here starting on june 1st, were moving to a new time, new show. Im joining david asman after the bell weekdays at 4 00 p. M. Well have fun. Melissa i think well get in trouble. I hope so. I hope it has a little bit of a danger aspect to it. I think it probably will. Unleashed, asman unleashed, Melissa Francis unleashed. Scary business. Melissa well give you everything you need to know about the day and money. Nations largest auto recall ever, 34 million cars with potentially deadly airbags . Fox businesss Cheryl Casone has what you need to know. Cheryl . Melissa there is so many questions here about what is going on with this takata airbag recall. Ford is one of the names we should say that is affected. Ford believe it or not back in 1980, the last time we had this massive of a recall. It did not hit 34 million vehicles. What is going on, why the recall . The takata airbags too much force is being deployed when they come out whether on the driver or passenger side. A metal canister is triggered and basically shrapnel is coming at passengers. Six deaths, at least 100 injuries. That is why the recall needs to happen. Who are the names involved . Many americans want to know if your vehicle is affected. Honda is the name really affected. Honda has the most takata airbags. Chrysler, general motors, ford mitsubishi, subaru, toyota nissan. All these names affected. What do you do to get information . The government set up a website. Called safercar. Gov. That will actually get you information. Melissa i want to show you something really interesting though. What are we talking about . What is this, when you have an airbag deployed . This came from the Steering Wheel of a honda. This is an airbag that was deployed. German writing on the back, japanese. We cant verify whether or not it is takata. This was burned out by a fire. This is what normally happens when one of these airbags deploy you get a fire on the back of the airbag. To add to of course the violent issues at that come with a crash. This, with this recall what they will be doing, to let you know could be seatbelts takata may be responsible for seatbelt replacements as well. This is part of the dashboard. So every single vehicle, that has a takata airbag in it will be driver and passenger side airbags theyll will be replaced. These things are really have to tell you melissa really fascinating to look at. Again were at this collision damage shop all day long. They may have to work with dealerships, melissa, to actually come in to get these 34 million vehicles fixed. It will take years. Melissa it will be a huge project. Cheryl thank you so much. Five of the worlds biggest banks will pay more than 5 billion to settle regulatory charges. Barclays Jpmorgan Chase citigroup will plead guilty to conspire to manipulate the price of u. S. Currencies in euros. Additionally ubs will plead guilty to rigging benchmark Interest Rates. Attorney general Loretta Lynch say these are the latest in the countrys ongoing effort to investigate and prosecute financial crimes. These unprecedented figures appropriately reflect the conspiracys breathtaking flay grand sir, its systemic reach around its significant impact. Melissa lets get another look at the markets right now after the fed minutes. Major averages cutting their losses. Nicole petallides is keeping an eye on some of the biggest movers. Nicole. Indeed. Interesting, markets took a minute to react to it. Came close to the unchanged line and pulled off again. New low for etsy. That is ebay for craft bunch. Overall they have been spending a lot of money millions in order to save taxes Going Forward in the years ahead. Meantime, stock moves to a new low. Warns about a stronger dollar. This is a big loser today. Pep boys, manny, moe and jack other suitors were interested, there are reports that there are suitors once again for this stock and this company. That is why youre seeing the stock surge about 16 to eightmonth highs. There is lowes not like home depot home depot did well in the last quarter. Lowes did not. Lowes talked about sales dwindling. Samestore sales missed numbers and lower than expected quarterly profits. Back to you. Melissa nicole, thanks so much. Victory for isis in a key iraqi city prompting cheering in the streets of mosul. The white house calls it a set back, others begin to wonder if were taking the wrong path in iraq . One alleged prostitutes guilty plea puts google back in the spotlight. The tale of drugs, sex and the death of one highprofile executive. More money coming up. Its more than the cloud. Its security and flexibility. Its where great ideas and vital data are stored. With centurylink you get advanced Technology Solutions from a trusted it partner. Including cloud and hosting services all backed by an industry leading Broadband Network and people committed to helping you grow your business. You get a company thats more than just the sum of its parts. Centurylink. Your link to whats next. Melissa focus on another attack till the bitter end. More than 100 documents from usama bin laden compound declassified. Theyre shedding new light on the mind set of al qaedas founder and determination to strike the u. S. Im joined by mike baker former cia covert operations officer. What was the biggest revelation for you in these documents . Still going through material thats available. From an operational perspective, i look eight it from the timing of it all. You sweep up all the information, whether off of cell phones or computers whatever it may be, when you two in and do a raid like this. Immediately youre scrubbing it looking for actionable intelligence, anything operational and anything perishable. This stuff becomes perishable quickly. You start to prioritize. It is three plus years. For me, part of the question was, really . It is interesting timing. Dni doesnt turn around say all by himself im growing to release those document documents. This doesnt happen that way. So its a white house decision. Which tells me they are looking for good news. Melissa theyre saying they want to be transparent. On a day theyre getting lots of bad news. Melissa cia withholding material some. Interesting stuff, bin laden frequently refers to security headaches and advises against people using email. He worries about a microscopic bug being inserted into his wifes clothing. He reads a lot of popular magazines and stuff in english language. L. A. Times Popular Science and u. S. News world report. Why do you think they released them . In my opinion they have been taking so much heat recently over the all the problems theyre facing in the middle east. Not just in iraq weve been focusing on past couple days or so but everywhere. Libya, and throughout the region. And so i think they were looking to say, lets get these out there. Its a little deflection. Now does that mean it is not interesting, and not a good get . Yeah we can go back to that we got bin laden this information reminds us from information point of view what a great event that was. Much like recent grab on abu sayyaf and an important isis leader. Melissa right. So that is a good thing. Tough point to the good things that the administration does regardless where you are on the political spectrum absolutely. Meanwhile images of celebrations in the streets of mosul as isis report supporters cheer the capture of ramadi. White house called it a set back. It isnt the first and wont be the last. Are we going to light our hair on fire every time there is a setback in the campaign against isil or are we going to take very seriously our responsibility to evaluate those areas where we succeed and evaluate steps that are necessary for to us change your strategy where we sustain setbacks. Melissa talk about deflecting from the bad releasing what we had from bin laden. This is obviously the bad. How big after set back is it . Is the white house underplaying it . Josh earnest is correct in the fact in any campaign you will have ups and downs. You have your ebb and flows. I cant think of any other analogies or metaphors but point being, yes i think there is a direct line between the release of bin laden documents and bad news coming out of ramadi. They got abu sayyaf. Blasted that out there. This was terrific operation and it was but at the same time they completely ignored basically ramadi and thedown fall of that major important point in iraq. And now it is coming back to get them because i think people are look at them, saying youre being disinagainstous where this is going. Strategy at this stage, of course it will take a long time as josh earnest said. The strategy is essentially stalemate. Were not getting into the fight in an aggressive manner. Melissa isis released hundreds of prisoners. A hundred jihadis. They now control a third of iraq. How bad are those two pieces information . It is bad when you think of ramadi and mosul and rest of the territory into syria they have a physical manifestation of caliphate this is a serious problem. Look at all the various pieces including irans leverage in iraq. We like to think were influencing events. Were not really influencing events. We certainly dont have control over iran and shiite militias that will have retake ramadi. We dont have control over those militias. We have no control over military and government other than when we give them guns and training. The policy still appears to be for the administration lets hope the Iraqi Military gets to the point where they can do it. Melissa mike, thank you so much. Teeny house movement. Construction of a housing block in new york with apartments stacked up like giant leg goes with 300 square feet. Wait until you hear how much theyre going for though. Guess who is back . Kfc resurrect as legend. Looking a little different these days. Do ever have too much Fried Chicken if youre an adult with type 2 diabetes and your a1c is not at goal with certain diabetes pills or daily insulin your doctor may be talking about adding medication to help lower your a1c. Ask your doctor if adding onceaweek tanzeum is right for you. Onceaweek tanzeum is an injectable prescription medicine that may improve blood sugar in adults with type 2 diabetes along with diet and exercise. Onceaweek tanzeum works by helping your body release its own natural insulin when its needed. Tanzeum is not recommended as the first medicine to treat diabetes or in people with severe stomach or intestinal problems. Tanzeum is not insulin. It is not used to treat type 1 diabetes or diabetic ketoacidosis and has not been studied with mealtime insulin. Do not take tanzeum if you or your family have a history of medullary Thyroid Cancer or multiple endocrine neoplasia syndrome type 2, or if youre allergic to tanzeum or any of its ingredients. Stop using tanzeum and call your doctor right away if you experience symptoms of a serious allergic reaction which may include itching, rash, or difficulty breathing; if you have signs of pancreatitis, such as severe stomach pain that will not go away and may move to your back, with or without vomiting; or if you have symptoms of Thyroid Cancer which include a lump or swelling in your neck hoarseness, trouble swallowing or shortness of breath. Before using tanzeum talk to your doctor about your medical conditions, all medicines youre taking, if youre nursing, pregnant, or may become pregnant. And about low blood sugar and how to manage it. Taking tanzeum with a sulfonylurea or insulin increases your risk for low blood sugar. Common side effects with tanzeum include diarrhea nausea, injection site reactions cough, back pain and cold or flu symptoms. Some serious side effects can lead to dehydration which may cause kidney failure. Ask your doctor if adding onceaweek tanzeum is right for you. Go to tanzeum. Com to learn if you may be eligible to receive tanzeum free for 12 months. Make every week a tanzeum week. Melissa take a bite out of this america. Kfc bringing the iconic spokesman back into the mix. The iconic colonel will return to the tv screens after a 21year high battues. This time as saturday night live alum darrell hannah. Nicole petallides is back as well. Jonathan, let me ask you, i mean theyre trying to make this hip. I already got a tweet from someone, one of our great viewers saying i hope this isnt getting creepy like the ham burglar. What do you think . It has to be relevant, melissa. Forget the hamburglar, food is commodities, food restaurants are commodities this is chicken. Taste the like juste chicken. From roscoes, so chicken is commodity. They have to distinguish themselves. The colonel is essentially all they have. I think this is a good move. Melissa that looks delicious. Nicole petallides, a lot of people say maybe friday chicken is not hip with a healthier movement but chikfila isnt having that problem. They surged ahead of cfc . First of all how does Jonathan Hoenig get chicken . Melissa he brings it himself. He brings his own props. Drooling waiting for friday chicken. I like the idea of bringing mascot back. The hamburglar is creepy. I like the cartoon hamburglar better. People that eat