It will leave fliers series wait till you here this scary in highway fire bridge collapsing truck under it details ahead gas latest a retailer to report rules Closing Stores around the world to focus on u. S. Business markets look like this asia modest begins a across the board half per cent higher, japan, hang seng up almost 1 , take a look at european markets s p 500 expected actually trading up about 1 and a third percent cac quarante in paris up better than 1 as well, the dax in germany higher futures gaining once again we are expecting a gain of opening of trading for Dow Jones Industrial average of 50 points theek would all three major maifrnz headed for losses the unique dow s p on track for their longest losing streak, since 2014 works and once again we see a loss on the week you do you know about 1 joining me fox nice becker Dagen Mcdowell the wall street journal editor in chief jerry baker recon capital kevin quelly happy friday. Good morning, good morning. Jerry thanks for being here good to see you a lineup stay with us from u. S. Ambassador to the United Nations john bolton, up coming up, right ahead, normal Navy Intelligence officer with us Trump National spokesperson here as u. S. Attorney general general michael, former nypd commissioner ray kelly dont miss a moment join us this morning, back to top story right now this morning breaking news on disappearance of egyptair flight 804. Egyptian officials this morning are saying they have found debris from the aircraft just north of the port city al al rea egypt crews accepting for black box, of course, would give investigators new information on just what happened moments before the flight disappeared. Donald trump and Hillary Clinton have addressed the matter, they certainly came out yesterday both stating terrorism is likely the cause. A plane got blown out of the sky, and if anybody thinks it wasnt blown out of the sky you are one hundred percent wrong folks, okay . One hundred percent wrong. It does appear that it was an act of terrorism, exactly how, of course, the investigation will will have to determine. But it once again, shines a very bright light on the threats that we face from organized terror groups, isis, of course, but then there are other networks of terrorists that have to be hunted down defeated. Do you think that donald trump is qualified to be president . No, i do not. I have concluded he is not qualified to be president of the United States. Joining us right now former u. S. Accord to the United Nations john bolton, ambassador good to see you thanks so much for joining us. Good morning. Do you also agree and believe terrorists are spibl for this plane . Well, i think the evidence points in that direction, to the extent we have it i dont think we know now of at this point to conclude it definitively, and i would like to know more, although i dont think we will about what our satellites did not pick up i dont think that is dispositive the fk did not see the anything keeps it open what the cause was. Are you surprised we havent seen any group take responsibility. Not entirely it is only 24 hours after event i think the pattern is they wait a couple days, but if it were, an organized he terrorist attack i would suspect we would see that fairly soon, my first reeks frankly when i heard about it was that it was a repeat of egyptair sad to say egypt air 990, 15 years ago, when u. S. Officials concluded that one of the pilots had taken the plane into the ocean, east of Long Island Sound a lot like that obviously we still dont know. Maria s Dagen Mcdowell you have been talking about the are transparency out of egypt, yesterday, and today, about this is the third major issue, coming out of this this country, and even airline. I am curious to get the ambassadors reaction to this when aviation minister came out yesterday said terrorism, as a possible cause more likely terrorism, i thought that that was very telling, and it was a very different you posture and stance than you would have because they didnt they he had very Little Information at that point other than there had been they kept saying vanished i know we were translation rather kran crashed vanished if egypt with president away of the danger of terrorism in that nags ambassador are we seeing a different approach posture from this nation in terms of dealing with terrorism because acknowledging it, is a step in the right direction. Well, i thought that was significant, and some indication where they thought it was going but you can see the bias is here as well egypt air, has going to take body blow from this whether mechanical failure or terrorism but what egyptian comments indicated tended to cast some concern on Airport Security sat challengers de gaulle airport in paris a major hub, so in effect they are putting at least part of the blame on french, i think that is something obviously, has to be investigated there is a lot we dont know and i think it is important that we find that out, before because that will tell us where we need to step up our surveillance and precaution. Ambassadorial this is dagen points out multiple incidents involving involving egypt, we have the Russian Airliner from sharm elsheikh, we have had other incidents, too. Point out plane left from chaurlz Charles De Gaulle in par atlantis could be other factors it flew from one of the things we journal reported yesterday was that it had been through minimize destinations tunisia elsewhere an interesting background but it does seem to be that egypt is a focus of so much of this terrorism, what is is this United States be doing with regard to the to egypt should we United States offer more support to because we know over the last five years or so i couldnt tates possibly under administration has not exactly been consistent what should United States be doing, if this is a terrorist attack, to assist the Egyptian Government in taking on the threat of terrorism, both defendantical domestically and internationally. I think critical to give lcc government more support our policy with regard to egypt middle east more broadly since arab spring has been extremely erratic inconsistent egypt is probably best example of that, but the fact is, that alsisi has done more to as you press radical islamist elements in egypt not jeffersonian democrat no doubt in terms of stability in the middle east i think doing the right thing tried to reach out to the coptic christian population in egypt, and i think his lack of response from washington is one reason why he turned toward moscow to purchase arms which is a terrible setback for american interests. So this should be an opportunity to stand with the government of egypt, i doubt we will do it. Interesting you make a food point so you think that this has been a cycle one of the reasons that egypt was pulled back is because, the u. S. Is you know, behavior toward egypt. Right, i think if you go back to the original could os demonstration against mubarak a period in Obama Administration 30day period had four different positions whether or not to support mubarak, what we succeed in doing is essentially alienating every major segment of Egyptian Society when we began had a military government are in Hosni Mubarak now military government under al sissis significantly less favorable to United States than five years ago. Ambassador good to speak with you as always thank for insight we will see you soon ambassador john bolton futures higher gains in asia and your expecting higher opening for the broader averages heading into this morning strayed session dow s p 500 and russell 2000 index on track for fourth down week in a row there is longest losing streak in more than a year and a half, nasdaq looking at fifth straight weekly decline, that is longest losing streak more than 3 years weve got more on this market, what to expect coming up, also ahead tsa this morning defending on windy city this morning as agency scrambling to fix issues what if anything will be done and come out of this . To save Summer Vacation gas privates plunging First Quarter company forced to close 75 stores is it enough what is happening with retail, keep the change td bank getting rid of customers favorite after the break. Back in a moment. The heirloom tomato. Intenselyflavored. Colorfullydiverse. Beautifullymisshapen. Cultivated for generations, its the unexpected hero of any dish. When you cook with incredible ingredients. You make incredible meals. Fresh ingredients. Stepbysteprecipes. Delivered to your door. Get your first two meals free blueapron. Com cook. Hehow was the playdate and sleepover . Dad, it was great awesome ok, im on my way. Hey guys what are you doin . Were going swimming were going biking yeah ill see you in a little bit, guys i love you hi babe how was school today . Hi dad, it was great ok, honey, ill be home soon. Remember, youre never too far away from your kids, to be a dad. Reach out and take a second to check in. Because sometimes, the smallest moments can have the biggest impact on a childs life. Maria welcome back, the heads tsa meeting in windy city this morning, agency is scramble to fix problems Cheryl Casone good morning. Cheryl good morning, calls for private security to take over tsa administrator heads to chicago to possibly tackle long security lines that resulted in missed flights for thousands of passengers. We had a significant challenge in chicago yesterday. I dont know what that was were fixing that a great concern to me. I always tell people i wont apologize for doing our job well but do i apologize for people found themselves stranded in chicago yesterday. Maria he is on his way we should say mayor of chicago, does not think agency doing good job under fire for spending millions of dollars on Public Relations new uniforms Office Furniture advertising that include holograms you may have seen in waiting areas across the country one thing can help tsa collected northeasterly 756,000 dollars, at checkpoints in 2015 partners efg leaving all kinds of good stuff, especially, lax and miami. Most money. All right, i want to show video crazy a frightening shone this oklahoma a bridge overpass Oklahoma City highway collapsed in middle of traffic rush driver trapped after truck hit that overpass Authorities Say bridge expected in 2014, no one was mixture incredibly no one was hurt. Sad news for those who like to count coins, td bank is going to end penny arcade you might have seen in lobby of Banks Companies retired the particular could i obviating there was investigation by news crew, that found out that there was you a kinds of errors including as much as 20 dollar differences for people. And this home depot employee hat sparking outrage she worked for home depot this employee in new york Staten Island location wore america was never great hat mocking trumps make America Great a Bernie Sanders supporter she has been asked not to wear the hat again also getting attacked on social media, of course, but says if her fellow employees can wear trump hat she can wear sanders hat. America was never great . Yeah, that is what she said. You snow what my reaction is, dont live here. Especially in venezuela anywhere else, you know if she wants to happy to have you see you later . Latest victim retail downward spiral, Standard Poors following dismal quartering results what that means for gas forward retail landscape large studies show mills may be struldz to cough up money to pay bills the details stay with us right here friday mornings. Heres the plan. You grow up wanting to be a lawyer, because your dads a lawyer. And eventually you land a grownup job with a 401k and you meet your wife. And you both work constantly. So youre surprised how much you both want kids, and equally surprised you cant have them. Sometimes you fight about stupid things. Then you move on. But you feel like something is still missing. So together, you adopt a little boy. And then his two brothers. And you up your Life Insurance because four people depend on you now. Then, one weekend, when everyone has a cold and youve spent the whole day lying around watching monster movies on tv, you realize that you didnt plan for any of this, but you wouldnt have done it any other way. No matter who you are or where you end up in life, with the right financial partner, progress is possible. Shoah, ha ha. Ew artist. Show me top male artist. My whole belieber fan group. Its not a competition, but if it was i won. Xfinity x1 lets you access the greatest library of Billboard Music awards moments, simply by using your voice. The Billboard Music awards, live sunday may 22nd, 8 5 pacific, only on abc. Maria welcome back, they are calling it retail ice gage gas latest to report disappointing numbers as profit fell by nearly half compared to a year earlier, Company Announced it is closing 75 stores, most abroad bring back jerry breaker editor in chief of the wall street journal, chief Investment Officer recon, Dagen Mcdowell all your takes on this retail story we knew this was a consumer wasnt doing well we have known that a couple men and womens they are werent spending money saving at gas pump how bad . A number of thing going on first of all, the continuing shift from traditional bricksandmortar stores to Online Retailing a phenomena around 15, 20 years but really accelerating in the last few years, and particular this year a lot of retailers getting hit very hard. Maria gas doesnt have acceptable you also have changes in Consumer Spending youve got a lot of what is some of the most Successful Companies last few years those introduced essentially luxury brands, but relatively low cost this has been really important phenomena big trailers target. Yeah, so, you can actually buy what used to be seen as very expensive conclusive brands, you know much lower cost, and on top of that as you say there has been weakness in the Retail Market as a whole so you are really seeing these are really pretty fundamental shifts traditional retailers hit very hard one exception to this rule this week walmart actually reported results it was up almost 10 yesterday one biggest one day parj gains since financial crisis in 08. That what you are saying people want value . Yeah. Not going to overspend for something so they want the designer stuff at lower prices and they want cheap things. Can i just say, you know trade gets a very bad rap especially from political candidates donald truhillary cl from democrats one of the great biographies of free trade happened last 20 years availabilitied of cheap goods, it is extraordinary prices of clothes of you know luxury goods, or you know, of more routine goods basically have not increased in 20 years Retail Prices that is because, we have access now in america indeed the rest of the world to very, very cheaply proud goods cheaply increasingly well proud goods. Of course, now downside of that a lot of americans a lot of american jobs have gone, because some of those textile makers in particular have gone out of business cant compete, the Positive Side of that, is that we as consumers can buy things, at a much, much lower prices than we could 20, 25 years ago. When you start looking at breaking down the numbers going to nags trailers like h m. But you mentioned target target has consistently tried to build out their omni presence channel rights so online missed target quarter over quarter over quarter, not just target issue nordstroms down way over 50 in a year same with macys a big problem because the pie isnt growing. This isnt also an apparel issue when you talk about how lousy Department Stores have done how lousy gas is doing, why did walmart do well . Because grocery business food business have not shifted online as fast, walmart gets more than half its revenue from good and groceries it has been able to make that up on the food side, and walmarts benefit people lower income americans getting raises with minute wages going up some states and cities. You brought up this is not necessarily just Retail Market relatively flat from when we started right, one thing that has come through earnings down 8 that includes energy but if you x out energy down 2 . What about guidance talking about second third investigatory being better. No talking about Fourth Quarter so second and third is probably going to be float Fourth Quarter can when they expect it to grow that is really keeping this market exactly, everything can change actually by Fourth Quarter especially in a political environment, where you have candidates talking about even increasing more regulation not only in finance but health care, so there is a lot of overhanging, but peak earning sen two years ago fed should have started raising it is a dictating Market Action what comes out in mouth appeases of fed